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No, the odds are the same regardless of the time of day.
Most slot machines usually offer an incentive to play the maximum coins. For example two coins may pay 2,000 on the jackpot but three coins will pay 5,000. So if there an economy of scale incentive, then the return is higher with a max-coin bet. However, I should mention that most casinos tend to increase the theoretical return on their slots as they go up in denomination. So, you may be better off betting one coin on a $1 machine than four coins on a quarter machine.
My advice on slot selection is to play a simple smaller game. Nothing with fancy signage or a huge screen. Ultimately, it is the players that pay for that in the form of a lower return.
Interesting question. I'm sure that didn't refer to the payback percentage, 37% would be way too low. The 'hit frequency' is the probability that the player wins anything.
I'm pretty sure that the odds on Megabucks are the same everywhere. It is a 'proprietary game,' meaning the casino and slot maker (IGT) share in the profits. As I understand it, such propriety games are generally set to a return of about 88% by the slot maker, and the casinos do not have the option for a looser or tighter version.
The Wheel of Fortune game, with the big jackpot, I believe is also a proprietary game. Video poker odds are dictated by the pay table. For example, a 9-6 Jacks or Better game will pay 99.54%, assuming optimal strategy and an infinite amount of play, regardless of where the machine is or number of number of hands the player gets on the draw.
You're right, it is impossible for me to know without Microgaming giving me the details on how their reels are weighted. I have asked some of the major software companies for such information, but thus far nobody has volunteered anything. However, I can tell you that the average payback for all slots at the Golden Palace for the month of March 2000 was 95.67%. This information is available at the Golden Palace web site, click on the Price Waterhouse Coopers monthly payout review.
I would assume that the odds are the same at all Microgaming casinos. All casinos probably contribute money to the same account from which the jackpot is paid. This way, the individual casino from which the jackpot was hit does not have to reach into their own pocket when somebody wins. Mid-level payouts are probably paid by the casino itself.
The minimum applies to every machine. Someone with the Gaming Control Board in Carson City, Nevada, told me that every machine in the state must meet minimum payback percentages. The only exception, he said, are on some antique machines in Virginia City.
Unlike most slots, this game has different types of wins according to the number of coins bet. The first coin enables the player to win the small frequent 'bar' wins, from 2 to 60. The second coin enables larger 'seven' wins from 100 to 500. The third coin doubles the wins for sevens, except it also qualified the player for the progressive jackpot for three sizzling sevens.
The ways these games are programmed is to give the player a slightly higher return on each additional coin bet. For example, the first coin might have a return of 92%, the second 93%, and the third 94%. You seem to think the return for one coin would be very low, due to the small wins, but those wins happen more often than the wins for sevens.
In Nevada, regulations require slots to theoretically pay at least 75%. Even the games at the airport, which are very tight, still pay at least 85% or so. I'm quite sure that the return for any number of coins bet in Blazing Sevens conforms to industry norms.
When walking into one of these 'Indian' casinos, I can stand for five minutes, listen to the bells and tunes, and know if it will be a good day. Take 300 slot machines with fixed payouts and listen, given the same number of players should produce the same frequency of sounds. It doesn't. I think all of the new machines are networked and changed based on overall psychological factors of the players.
In general Indian casinos are self-regulated. There is generally a tribal commission that will hear disputes, but ultimately the members of the commission know which side of their bread gets buttered.
Don't assume any kind of minimum return on the slot machines. However, ultimately economics would dictate that a return too low would be sensed by players, who would be unlikely to return if they consistently lost too much money too quickly. It would also be bad business, and time consuming, to loosen and tighten the slots like a yo-yo.
Your sound level hypothesis sounds interesting, I never thought of that.
The casinos don't actually program the casinos to pay a certain percentage, but determine the weighting of the reels so that the theoretical return is whatever they wish. In the short run, the actual return can be either much higher or lower than the theoretical return. However, the laws of mathematics dictate that the actual return will get closer to the theoretical return the greater the number of trials.
Each frame in these video slots is weighted equally. Any given line is equally likely to produce any given combination. Thus, the return is the same regardless of the number of coins played.
I looked over your expected payouts for the various deuces wild pay schedules, but I did not find the particular schedule I was looking for. Could you tell me the expected payout for a deuces wild with the following schedule: Royal flush - 840
Four deuces - 200
Wild Royal - 20
Five of a kind - 12
Straight flush - 9
Four of a kind - 5
Full house - 3
Flush - 2
Straight - 2
Three of a kind - 1
I would do this myself, but I am unable to use the necessary software, as I am not a windows user.
Physically all you have to do to change the return of the slot machine is change the EPROM chip inside. Assuming the casino manager had all the EPROM chips, which I think they sometimes do, they could make the change themselves. However in a major jurisdiction the change would have to be reported to the gaming authorities, not to mention internal paperwork. The random number generator is constant, it is what the program does with the random numbers that determines the return.
In general the higher the coinage the better the rate of return is. However in my own research I have seen plenty of exceptions, notably dollar machines that paid less than quarters.
I don’t know whether the chances of winning were better or not. They worked the same way as they do now except each stop on each reel had an equal chance. The very early ones didn’t pay money but chewing gum, which explains the bar symbols (sticks of gum) and fruits (flavors) on some modern slot machines.
I’ve been asked about these North Carolina slot machines so many times I’m tempted to fly there just to see them for myself. Yes, if they did give the probability of each symbol for each reel then an optimal strategy and a return could be fairly easily calculated. However I have never actually seen such a table and have never worked out the odds.
To begin, I am not a mathematician but I am a casino player. I have followed some of your articles in Casino Player magazine and I subscribe to your on-line newsletter. By the way, I hope you had a wonderful time with your family and friends in Seattle.I just had an eye-opening experience at Casino Windsor. No where do they publish their percent payback on slots. However, that aside, I was going to play quarter (my comfort level) video poker. I was really taken aback when I put up the paytable. They were 5/4 machines. I am talking Jacks or better was only 5 coins on a full house and 4 coins on a flush. I looked at about 20 machines and only found one that paid any better and that was a 6/4 machine.
As I stated, I am not a mathematician but I think that payback percentage must be in the very low 70s. Needless to say I didn’t play video poker there because I know that the longer I would have played the greater the loss I could have expected with the house taking approximately $30.00 from every $100.00 put through the machine. That is not a gamble with some expectation of winning, it is a sure loss for players. On the Detroit side of the river, MGM Grand has their machines at 7/5. Not really great but a whole lot better than 5/4.
Could you please tell me the exact percentage payback on the 5/4 and 7/5 machines. Since none of the area casinos post their average payback on slots I am (and this is dangerous) assuming that their reel slots payback the same percentages. Best regards.
Actually with perfect play the 5/4 pay table return 92.78%. Still one of the worst pay tables I have ever heard of. Have you tried the Greektown casino in Detroit? I don't know what games they have but I do know they have had security remove several winning video poker players from the building, including a old lady who hit a royal on a machine with a 97% pay table. They must have something good enough to warrant throwing winners out for.
First lets clear up what the term 'hold' means. For purposes of electronic games it is the theoretical return the game is set to. In both video poker and slots each play is random and independent of all past plays. The laws of mathematics dictate that even with independent trials the as the sample size gets larger the actual return will tend to get closer to the theoretical mean, or the hold. So contrary to popular belief a machine never goes hot or cold to get back in balance. Never mind the term 'cycle.' It is a poorly named industry term for the number of possible outcomes of the random number generators inside the machine. Unfortunately the term has trickled down only to confuse low level employees and players alike. Contrary to popular myth there are no cycles and again each play is equally random and independent of all other plays.
Not often. Contrary to popular myth the casinos don’t tighten the machines on weekends or whenever it is busy. Here in Las Vegas the casinos have to fill out a form every time they change the percentage on each game. Most slot managers I have spoken with have a policy on what coinage is set to what return. I tend to think the most likely reason to change the percentage would a change in ownership and/or management, which do not happen often.
The 96.7% applies to total money bet and transaction fees generally only apply to deposits and/or withdrawals. Players generally circulate through the same money and thus bet much more than they deposit. As I discussed in the September 18, 2005, column a player could bet through about 1.5 million dollars with a $10,000 bankroll and betting $5 at a time in blackjack. In this case the casino would make their profit based on 1.5 million in bets but pay expenses based only on $10,000.
From what I hear anything you can configure at the machine you can configure remotely through the server. This would include the theoretical return percentage. However most casinos report that changing the theoretical return of a slot machine necessitates a lot of paperwork.
Even if it were effortless to move the slot machine return up and down, it strikes me as a conspiracy theory to think the casinos would do that on a player by player basis. Living here in Vegas, I hear all kinds of theories about the lengths the casinos go to in order to win, like pumping in oxygen and playing a subsonic mantra that says 'lose lose lose.' These are just urban legends. Most casinos correctly believe that if you give the player a good experience and a fair gamble then he will keep coming back. As they say, you can only slaughter a sheep only once, but you can shear it many times. (My webmaster, Michael Bluejay, who is a vegetarian, tried to get me to use this analogy instead: 'You can seize all of a sheep’s money only once, but you can force it to take you bowling many times.')
According to the Nevada Gaming Control Boards that means that every slot machine in that bank must be set to a theoretical return of at least 97.4%. Popular opinion has it that only one machine must be set to 97.4%, or that the overall average must be 97.4%. However, I am taking a firm stand that both notions are wrong, at least here in Nevada.
It depends. If the slot play may be used in any machine in the casino, including video poker, then it can be worth 99 cents on the dollar or more, depending on the video poker offerings. For example, the MGM Mirage casinos award $1 in free slot play for every one point earned. It can be used in any machine in any casino connected to the MGM Mirage player card. Most MGM Mirage properties offer 9/6 Jacks or better, so the value of $1 in free slot play is worth 99.54 cents, with correct strategy.
However, sometimes free slot play must be done on particular promotional machines that don’t accept money. The value of this kind of free play is hard to estimate closely, but generally very little. For example, the Las Vegas World used to sell “$1000” vacation packages for $400. Of the alleged $1000 value $600 was in promotional slot machine play. In his book “Million Dollar Video Poker,” Bob Dancer writes that he did this deal numerous times over, and estimates the value of the free slot play to be about ten cents on the dollar.
It will show the specific return of the game you played.
Let’s assume 10.8 for the standard deviation, which I get from the Red, White, and Blue game described in my slot machine page. The standard deviation of the mean over n spins is standard deviation per bet divided by the square root of n. In this case, 10.8/10,0000.5 = 0.108. The difference between 93% and 91% over 10,000 spins is just 18.5% of one standard deviation. To get the standard deviation of the mean to just 2% you would need a sample size of 291,600 spins. The standard deviation in slots will vary substantially, so take these figures with a grain of salt.
No, there isn’t. I don’t like it any more than you do. I think the player should be allowed to know the rules and/or the odds about what he is gambling on. Others have asked me if invoking the state Freedom of Information Act. I tend to doubt it would help or apply. As far as I know, the only place with such a right to know might be Holland. I’m told in Amsterdam information about the virtual reel stripping is indicated in little cards on the machines. You could in theory calculate the odds with that information and the pay table.
How does the total amount paid out or won correlate to how loose the slots are? In other words, should I prefer to play at the Circus Circus and Reno airport because their slots allegedly pay out so much?
'Anonymous' .
No. To get an estimate of how loose a casino's slots are you would want to know the ratio of money returned to money bet. This ratio would typically be about 92%. Telling you only the amount paid out is not useful at all. Consider the Circus Circus claim of paying out $26 million a month. They don't disclose how much players bet to get that $26 million. What if they bet $35 million? That would be a return of 71.43%, which would be awful.
In conclusion, I don't know whether to be angry over what I consider to be deceptive advertising or depressed that people fall for it.
/bellagio-hotel--people-playing-slot-machines-461673789-592436b25f9b58f4c0803d88.jpg "Mgm")
Photo of Trinadad Torres courtesy of Westgate Las Vegas Resort & Casino.
Admit it. You have the same dream we do.
Everything conspires and you find yourself in the right place at the right time – seated in front of a Megabucks slot machine that’s primed and ready to hit. You push the button (of course, pulling a lever would be more dramatic, but this is 2015 and the one-armed bandit has gone the way of the horse and buggy). The logos on the reels all line up. And then the moment you’ve been waiting for finally arrives…you realize you’re a millionaire.
Correction: A multimillionaire.
IGT’s Megabucks has been paying out ginormous life-changing jackpots for almost 20 years. Its slogan is “Dream big. Win big.”
A network of slot machines linked throughout Nevada, Megabucks boasts a top prize that builds from a base amount of $10 million. To play it costs $1 a spin, but to quality for that top amount you’ll have to shell out $3. That sounds pretty steep, we know. But trust us, if you hit Megabucks with only a buck or two invested, you’ll leave with a jackpot in the thousands instead of millions. And just imagine trying to live with that.
As you’d expect, Megabucks lays claim to having paid the largest slot jackpots in Vegas history. It last hit here in mid March at the Westgate Las Vegas Resort & Casino. The lucky winner was Trinadad Torres, a 78-year-old woman from Magna, Utah. She played $100 before netting the $10,744,292.71 jackpot. Her plans include traveling to the Philippines and buying a yellow Mustang.
While nothing to sneeze at, Torres’ windfall just misses placing her on our list below of the 10 biggest slot jackpots ever won in Sin City.
Photo of Excalibur courtesy of MGM Resorts International.
Jackpot amount: $39,710,826.36
When: March 21, 2003
Where:Excalibur
More than 12 years ago, a 25-year-old software engineer from Los Angeles, who wanted to remain anonymous (and who can blame him?), hit the city’s largest slot jackpot after playing $100 on a Megabucks machine. A C-note in return for nearly $40 million…now that’s what we’d call a damn good investment.
Photo of Cynthia Jay-Brennan at the Desert Inn courtesy of Ethan Miller / Las Vegas Sun.
Jackpot amount: $34,959,458.56
When: Jan. 26, 2000
Where: Desert Inn (imploded in phases in 2001 and 2004 to make room for Wynn Las Vegas)
Gobs bigger than any tip she’d received, cocktail waitress Cynthia Jay-Brennan, then 37 years old, hit the second largest Megabucks slot jackpot in Vegas (at that time it was the city’s highest Megabucks payout). But her story took a tragic turn when her car was rear-ended about six weeks later by a drunk driver. Her older sister Lela died in the accident, and Jay-Brennan was left paralyzed.
Photo of Palace Station courtesy of Station Casinos.
Jackpot amount: $27,580,879.60
When: Nov. 15, 1998
Where:Palace Station
Ignoring your budget isn’t always a bad thing. Just ask the then 67-year-old retired flight attendant from Vegas who racked up the city’s third largest Megabucks slot payout. She’d only intended to play $100 at Palace Station that day, but wound up putting $300 in…and we’re pretty she doesn’t regret overspending one bit.
Jackpot amount: $22,621,229.74
When: May 27, 2002
Where:Bally’s
How does that old expression go? The early bird catches…the $22.6 million slot jackpot. Well, that’s how Johanna Heundl (then 74 years old) of Covina, California, might remember it. She was on her way to breakfast when she decided to stop and play a Megabucks machine. Having looked away for a moment, she couldn’t believe her eyes when she turned back and saw all the logos aligned in the payline.
Photo of Caesars Palace courtesy of Caesars Entertainment.
Jackpot amount: $21,346,952.22
When: June 1, 1999
Where:Caesars Palace
An Illinois man, then 49 years old and described as a “self-employed business consultant,” put a $10 bill into a Megabucks machine at the Roman-themed property and hit this whopping multimillion-dollar slot jackpot on his first spin. Here’s what we want to know: Is he still consulting? Can we hire him to help us get into the business of being millionaires?
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Jackpot amount: $21,147,947
When: Sept. 15, 2005
Where:Cannery Casino Hotel
One man, two times a Megabucks winner. What are the odds? They’ve got to be astronomical. Certainly, anyone would be happy to score a single multimillion-dollar slot jackpot. But not everyone is Elmer Sherwin. A frequent Vegas visitor, Sherwin hit his first Megabucks jackpot of $4.6 million at The Mirage back in 1989. It was a sign of even better things to come. Sixteen years later, at the age of 92, that lucky son of a gun (kidding, we’re not jealous…really) did it again, adding another $21.1 million to his bank account.
Photo courtesy of the M Resort.
Jackpot amount: $17,329,817.80
When: Dec. 14, 2012
Where:M Resort
Oh, the best things in life are free…especially when they lead to a $17.3 million jackpot. A Las Vegas woman stopped by the M Resort in Henderson to gamble with her “free play” credits and enjoy a meal with some dining vouchers. Before she knew it, she’d become a multimillionaire.
Photo of “Rampart Lucky Local” courtesy of the Rampart Casino.
Jackpot amount: $14,282,544.21
When: Nov. 30, 2014
Where: Rampart Casino
Late last year a Las Vegas man put $20 in a Megabucks slot machine at the Summerlin-area Rampart Casino. Within five minutes he’d hit a jackpot worth $14.2 million. His plans were altruistic (unlike ours). The man, dubbed the “Rampart Lucky Local,” said he would make a donation to his church. The church, which had been holding services in a high school gym, can now have its own location built.
Photo of Aria courtesy of MGM Resorts International.
Jackpot amount: $12,769,933
When: Jan. 21, 2011
Where:Aria
A woman visiting her niece in Vegas decided to drop $6 in a Megabucks slot machine before heading back to her room. Her reaction when the winning symbols lined up: “The machine broke.” Luckily, her niece was there to clarify things. We think we should book a room at Aria because about four months after that jackpot occurred, another Megabucks jackpot hit at the resort for $10,636,897. Talk about lightning striking twice!
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Photo of New York-New York courtesy of MGM Resorts International.
Jackpot amount: $12,510,549.90
When: April 14, 1997
Where:New York-New York
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New York-New York opened its doors on Jan. 3, 1997. Perhaps due to a little of the “city that never sleeps” magic, Vegas resident Suzanne Henley made her fortune at the Big Apple-themed megaresort just a few months later. On her way home from work, she stopped in to play a Megabucks machine – one that she’d had an inkling might hit. Henley waited in line an hour before she could play. And at 1:44 a.m., after putting $100 in, her diligence paid off…to the tune of more than $12.5 million.