Remember the movie National Lampoon’s Vegas Vacation, when gambling fever consumes Chevy Chase’s character, Clark W. Griswold? He goes on a losing streak to beat all losing streaks while his son, Rusty, wins four cars by playing the slot machines. Maybe Clark would have done better if he had read Probability For Dummies! In this article, you discover the basic ideas behind slot machines and how they work, so that you can get past the myths and develop a strategy based on sound probability.
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Understanding average payout
When casinos advertise that their slot machines pay out an average of 90 percent, the fine print they don’t want you to read says that you lose 10 cents from each dollar you put into the machines in the long term. (In probability terms, this advertisement means that your expected winnings are minus 10 cents on every dollar you spend every time the money goes through the machines.)
Suppose you start with $100 and bet a dollar at a time, for example. After inserting all $100 into the slot, 100 pulls later you’ll end up on average with $90, because you lose 10 percent of your money. If you run the $90 back through the machine, you’ll end up with 90 percent of it back, which is 0.90 x 90 = $81. If you run that amount through in 81 pulls, you’ll have $72.90 afterward (0.90 x 81 = 72.90). If you keep going for 44 rounds, on average, the money will be gone, unless you have the luck of Rusty Griswold!
How many pulls on the machine does your $100 give you at this rate? Each time you have less money to run through the machine, so you have fewer pulls left. If you insert $1 at a time, you can expect 972 total pulls in the long term with these average payouts (that’s the total pulls in 44 rounds). But keep in mind that casinos are designing slot machines to go faster and faster between spins. Some are even doing away with the handles and tokens by using digital readouts on gaming cards that you put into the machines. The faster machines can play up to 25 spins per hour, and 972 spins divided by 25 spins per minute is 38.88 minutes. You don’t have a very long time to enjoy your $100 before it’s gone!
The worst part? Casinos often advertise that their “average payouts” are even as high as 95 percent. But beware: That number applies only to certain machines, and the casinos don’t rush to tell you which ones. You really need to read or ask about the fine print before playing. You can also try to check the information on the machine to see if it lists its payouts. (Don’t expect this information to be front and center.)
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Implementing a simple strategy for slots
Advice varies regarding whether you should play nickel, quarter, or dollar slot machines and whether you should max out the number of coins you bet or not (you usually get to choose between one and five coins to bet on a standard slot machine). In this section, you’ll find a few tips for getting the most bang for your buck (or nickel) when playing slot machines.
Basically, when it comes to slot machines, strategy boils down to this: Know the rules, your probability of winning, and the expected payouts; dispel any myths; and quit while you’re ahead. If you win $100, cash out $50 and play with the rest, for example. After you lose a certain amount (determined by you in advance), don’t hesitate to quit. Go to the all-you-can-eat buffet and try your luck with the casino food; odds are it’s pretty good!
Choosing among nickel, quarter, and dollar machines
The machines that have the higher denominations usually give the best payouts. So, between the nickel and quarter slots, for example, the quarter slots generally give better payouts. However, you run the risk of getting in way over your head in a hurry, so don’t bet more than you can afford to lose. The bottom line: Always choose a level that you have fun playing at and that allows you to play for your full set time limit.
Deciding how many coins to play at a time
When deciding on the number of coins you should play per spin, keep in mind that more is sometimes better. If the slot machine gives you more than two times the payout when you put in two times the number of coins, for example, you should max it out instead of playing single coins because you increase your chances of winning a bigger pot, and the expected value is higher. If the machine just gives you k times the payout for k coins, it doesn’t matter if you use the maximum number of coins. You may as well play one at a time until you can make some money and leave so your money lasts a little longer.
For example, say a quarter machine pays 10 credits for the outcome 777 when you play only a single quarter, but if you play two quarters, it gives you 25 credits for the same outcome. And if you play the maximum number of quarters (say, four), a 777 results in 1,000 credits. You can see that playing four quarters at a time gives you a better chance of winning a bigger pot in the long run (if you win, that is) compared to playing a single quarter at a time for four consecutive tries.
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The latest slot machine sweeping the nation is the so-called “penny slot machine.” Although it professes to require only a penny for a spin, you get this rate only if you want to bet one penny at a time. The machines entice you to bet way more than one penny at a time; in fact, on some machines, you can bet more than 1,000 coins (called lines) on each spin — $10 a shot here, folks. Because these machines take any denomination of paper bill, as well as credit cards, your money can go faster on penny machines than on dollar machines because you can quickly lose track of your spendings. Pinching pennies may not be worth it after all!
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That’s why it’s understandable that these machines can be targeted by slots cheats in an effort to earn a big win at the casino.Let’s check out some of the naughty tricks used by those cheeky scum bags to beat the house. Even though they’re electronic, slots easily attract as many cheaters as and other classic table games.Slots can rake in the most money from stakes but they can also deliver some of the biggest jackpot payouts. We don’t recommend ever trying them yourself, but this is how to manipulate a slot machine: 1. Cheat Code Image Credit: thedoers.coGambling authorities are there to ensure that the gaming industry is operating correctly and fairly.Engineers design gaming machines so that they can be monitored and audited whilst also delivering quality gameplay. Top dollar slot machine at treasure island.
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Personal testers opinion
To win in Book of Ra Deluxe, I did not rotate the drum at a low rate for long. After 11 spins, the slot machine issued me a bonus in the form of free spins. Bonus symbols became Ace, and as you know, it often appears on the playing field. As a result, I was able to win 2000 coins. Not bad, is it?
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Hidden parameters and settings of the slot (data from testing)
- Volatility is 8,94 out of 20 (average).
- Cycle length is average.
- The rating of the slot machine for the wagering is 3,96 out of 10.
- The frequency of falling of the bonus is statistically every 178 spins (0.56%).
- The probability of a hit (any winning) is 27,92%.
- Distribution of the winnings is 49% in the usual spins and 51% in the bonus.
- The maximum payout during the tests was 1,123x.
- The average winning from the bonus was 81x.
- The RTP of 95.1% does not allow you to get a positive mathematical expectation.
Secrets of the slot machine
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- Slot response to betting: Many players say that the gaming machine responds to changes in the size of bets. In simple words, it is necessary to make at least 10 spins at an average rate, for example, 50 coins. After reducing it to the minimum bet, wait for the loss of the first prize. This usually occurs between 2-4 spin. Thus, you can dramatically increase the rate after every three or four back so that you can win a big prize in the Book of Ra Deluxe slot game.
- Bonus: The majority of gamblers recommend the chase of free spins. In this mode, you can break a big jackpot. You can increase your chances of launching free games. There is a probability that a maximum of three or more scatter symbols will activate the free spins when playing at the minimum rate. So, the lesser the bet, the higher the chances of launching the free spins mode.
- Distribution of the bankroll: Another piece of advice. To win in the slot machine, you need to bet the size which is equal to 0.1% of the total amount of your bankroll. That way, you can keep a positive balance and be able to get a big win.
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