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How To Read Slot Machine Stats


Return to player (RTP) is very important in regard to the long-term chances of winning with slots. RTP (a.k.a. payback) refers to how much slot machines are programmed to pay out in the long run.

Reading a Slot Machine’s Paytable. When choosing a slot machine to play, a crucial aspect of winning is to review its paytable before playing. Frankly, the casino industry gains an advantage over players that don’t read slot machine paytables. Get My Free Report Revealing. In this sample the Hit Frequency is 10% (total combinations = 60 and prize combinations = 6). Most of people use excel to calculate this stuff, however, you may find some good tools for making slot math. Proper keywords for Google: PAR-sheet, 'slot math can be fun' book. For sweepstakes or Class-2 machines you can't use this stuff.

Higher payback means that a game gives you a stronger chance of winning. Therefore, you’ll do well to know the RTP behind any game that you play.

  1. All machines have one thing in common: The longer the machine is played, the closer the actual payouts will be to the theoretical results. Slot machines use a random selection process to achieve a set of theoretical odds.
  2. In the 1970s, slot machines took a huge turn, with the growth of technology, and the first video slot, known as Fortune Coin was introduced by Walt Fraley. Although video slots began in the 1970s as a mimic to regular slot machines by only having 1 payline, this has now increased massively, alongside the number of themes and the technology.

You’ll discover that it’s really easy to find payout percentages for online slot machine games. A simple Google search will produce the RTP for most internet games.

How To Read Slot Machine Stats Game

Unfortunately, you’ll have a much tougher time figuring out the RTP of land-based machines. In fact, this information is rarely available.

Is there still a way for you to determine payout percentages for slot machines in brick-and-mortar casinos? I’ll answer this question by covering more on the difficulties of finding RTP for land-based slots and if it’s ultimately possible.

Why Isn’t RTP Available for Land-Based Slots?

Unlike with many online slots, you can’t just find the RTP for land-based slot machines through Google. Your efforts will turn up little to no results.

The problem with slots in brick-and-mortar casinos is that they don’t have uniform payback across every casino. Instead, game developers allow casinos to select payout percentages based on a list of options.

How

Here’s an example on how this works:

  • WMS is offering Monopoly Party Train slot to Vegas casinos.
  • They feature the following RTP options: 92.5%, 93.5%, and 94.5%.
  • Caesars Palace orders this game at 93.5% payback.
  • The Venetian orders Monopoly Party Train at 92.5% RTP.
  • Treasure Island orders this slot at 94.5% RTP.

You can see the obvious challenge in trying to provide payback numbers for such games. A website could list Monopoly Party Train at 93.5% RTP, which is middle ground.

But this figure will only be true for the casinos that have selected this amount. Meanwhile, it’ll be false across all of the other gambling establishments that choose a different pay schedule.

Most online slot providers differ because they offer their games at a uniform RTP across every casino. For example, Rival Gaming will feature Spy Game with 95.1% payback at each online casino it serves.

How

Some exceptions do exist in the online gambling world. RealTime Gaming (RTG), for instance, allows its casino clients to choose 91.5%, 95%, or 97.5% RTP for a given game.

You can’t find payout percentages for RTG games either. Nevertheless, you can still learn the payback for the vast majority of internet slots.

How Can You Figure out the RTP?


You won’t be able to find the exact payout percentages for most land-based slot machines. But you can at least get a good idea on the matter through a few different methods. Here are some ways to learn the RTP for brick-and-mortar casino slots.

Make General Guesses Based on Coin Denominations

Casinos like to reward gamblers who are willing to risk more money per bet. Therefore, they order higher RTP for games with larger coin denominations.

Stats

Here’s an example on how this works:

  • Penny slot machines = 88% to 90% RTP
  • Nickel slot machines = 91% to 94% RTP
  • Quarter slot machines = 93% to 95% RTP
  • Dollar slot machines = 94% to 96% RTP
  • $5 slot machines = 95% to 97% RTP

Penny slot machines are almost always the worst games with regard to payout percentages. Larger denominations ranging from a nickel to $5 are all closer in terms of payback.

Your theoretical losses will be higher on nickel games and up just because you’re betting more per spin. Nevertheless, you can still get more value per dollar wagered with the higher-denomination machines.

Read State Gaming Reports

Rather than making generalizations about coin sizes, you can always check out state gaming reports. These reports show the average payout percentages (or house edges) for each coin denomination within a given state’s casinos.

For example, you might look at a Nevada Gaming Commission (NGC) release and see that dollar slot machines are offering 94.79% RTP on average.

Interestingly enough, the NGC reports specific payout information for Megabucks. This IGT product is the most popular slot in all the popular Las Vegas casinos and warrants more detailed info.

Largely speaking, though, these reports only give general information about each coin denomination.

You won’t find the exact payout percentage for an individual game, but you’ll at least have a better guideline with these reports.

Email a Casino and Ask

One more option involves emailing a casino directly and asking them about their RTP for a specific slot machine.

How To Read Slot Machine Stats Today

The problem here is that customer service will often state that they don’t have this information available. But in certain cases, you may actually receive a real answer.

You shouldn’t count on this method majority of the time. It’s at least worth trying, though, if you’re desperate to find out the RTP for certain slots.

What to Avoid When Searching for Land-Based Slots Payback

You can see that there are a few different options for determining the payback for land-based slot machines. But there are also measures that you want to avoid on your payback-finding quest, including the following.

Relying on Signs Inside of Casinos

Many casinos hang signs above a bank of slot machines that will read something like, “Pays up to 99%.”

These signs are very effective at drawing players to slot machines. After all, who wouldn’t want to play a slot that only has a 1% house edge?

Unfortunately, these signs are also very misleading. Only one of the machines within the section has to offer 99% RTP.

The rest could pay as low as 90% RTP and still make the sign valid. Therefore, you can’t rely on much information that the casino supplies you with.

Furthermore, you have no real way of knowing which of the machines offers 99% payback. The only way to make a solid determination would be to play each game for a long time and judge their payout percentages.

Using One Good Session to Determine Quality Payback

Slots are extremely volatile games that may pay a lot one session, then offer very few prizes for the next five sessions. Therefore, you can never use any single outing to judge how a game pays.

Slot

Many gamblers still make this very mistake. They’ll have one hot session with a game and believe that it offers a high payout percentage.

It would be great if finding RTP for land-based slot machines was really this simple. The reality, though, is that it’s anything but.

Blindly Believing Ads for the “Loosest Slots”

How To Read Slot Machine Stats Minecraft

I’ve seen plenty of ads for loose slot machines when driving on the interstate. These billboards suggest that a given casino features slots with high RTP or frequent payouts.

However, “loose” is a broad term that doesn’t really mean anything. State gaming laws don’t put parameters on what constitutes a loose game.

Casinos can make this claim, regardless of whether it’s true or not. That said, you should take any such advertisement with a grain of salt.

Conclusion

You may think negatively about land-based casinos upon being unable to find RTP for their slots. After all, you don’t have to spend much time at all finding payback for online slots.

However, providers are the ones who choose whether to or not to release payout percentages. They can’t accurately do this with slot machines at brick and mortar casinos, because providers feature different RTP options.

One casino may order a slot at 93% payback, while the next orders it at 95% RTP. Developers are therefore unable to offer a uniform payout percentage for each slot.

The good news, though, is that you don’t have to give up hope. Instead, you have a few options for finding general RTP figures.

The easiest method is to make generalizations based on coin denominations. Simply put, the higher coin denominations usually offer better payback.

You can also read state gaming reports. These releases show the average amount that each coin denomination pays out within a given state’s gambling venues.

Finally, you can always email a casino directly and ask about a specific game. You won’t get the desired answer most of the time, but it’s worth trying.

In summary, finding the RTP for an individual land-based slot is impossible in most cases. But you’ll still have a general idea on how much these slots pay by following the previously covered tips.

How To Read Slot Machine Stats Step By Step

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.

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 To Read Slot Machine Stats

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.)

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.

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!