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So who pays for those Volcanic eruptions? Pirate Battles? Carnival Parades? and Glittering Showrooms? Slot Machines. 60-65% of casino revenue is generated by those bell-ringing one armed bandits that seem to multiply on casino floors like rabbits. So how does the average player gain an advantage and possibly win? Well... aside from cheating (which we really don't suggest you get involved in) the only way to gain some sort of advantage is to choose your slots with utmost care and discrimination.
Slot machines in Las Vegas are required by law to payout 75% of the money that goes into them, actual payout in Las Vegas is approximately 95%. Will you be the one that takes the money instead of gives it? That is up to luck, but with a little investigation one can easily learn to identify which machines are more favorable to the player than others. Slot machines are all about the payout... Red White and Blue, Double Diamond, Dick Fucking Clark, Cherry whatever. At the end of the day what every slot player needs to do is look at the pay schedule on the machine they want to play. Very often the same machine one row over will pay 5,000 credits on 3rd credit jackpot while you're playing on a 2,000 3rd credit machine. Plain and simple you're cheating yourself.
A few notable slot machines we here at VT have found more playable, or more interesting, than the other nonsense out there like Leprachaun's Gold or Tabasco Slots or whatever.
We like machines that have the best payouts on the lowest winning spins. These will keep you going longer between larger wins and not enact the ATM-In-Reverse principle seen at many of the larger joints (Venetian being the worst we've experienced).
100 or Nothing
Red, White and Blue
Slot Machine Jackpots Photo Gallery
Wheel of Fortune
Wild Cherry
Below are the slot payback percentages for Nevada's fiscal year beginning July 1, 2002 and ending June 30, 2003:
5¢ Slot Machines
The Strip - 90.32%
Downtown - 91.50%
Boulder Strip - 93.03%
N. Las Vegas - 92.97%
25¢ Slot Machines
The Strip - 92.59%
Downtown - 94.83%
Boulder Strip - 96.47%
N. Las Vegas - 96.63%
$1 Slot Machines
The Strip - 94.67%
Downtown - 95.35%
Boulder Strip - 96.48%
N. Las Vegas - 97.21%
$1 Megabucks Machines
The Strip - 89.12%
Downtown - 88.55%
Boulder Strip - 87.76%
N. Las Vegas - 89.41%
$5 Slot Machines
The Strip - 95.33%
Downtown - 95.61%
Boulder Strip - 96.53%
N. Las Vegas - 96.50%
All Slot Machines
The Strip - 93.85%
Downtown - 94.32%
Boulder Strip - 95.34%
N. Las Vegas - 95.32%
For every dollar you wager in a slot machine, you will lose 100% - Payback% of that dollar. For example, you're at Bellagio playing the $1 Double Diamond slot, wagering Two Credits ($2) per spin. According to the table, for every $2 spin you will lose 5.33% of that bet... just shy of 11¢. Granted these 11 cents don't get extracted instantly... this is computed over time. So if your bank roll limit is $10 it will take you, on average 52 spins before your bankroll is toast (under $1) and you are out of credits.
STAKE x (Payback Percentages) = STAKE x (Payback Percentages) = STAKE x (Payback Percentages) = ...
Repeat calculation until the number gets below the minimum bet - if you play long enough, you're gonna go broke. THAT is a FACT. Slot machines are entertaining, relaxing, require little thought beyond pressing a button. IF you want to truly GAMBLE, you might want to look into Video Poker, and eventually Blackjack as other options.
Granted, sometime in there you just might hit that $500 win on the Wheel of Fortune, or The Elvis progressive might shake rattle and roll $1000 your way... but the math inside the machine determines that you will in fact lose a certain percentage of your wager on each spin, and the more you spin... the more you will lose despite short runs of successful jackpots. If you find you are UP... leave. Every spin of a slot machine generates a random number that has NOTHING to do with previous numbers. SLOT MACHINES do NOT run in streaks (even if you might wish to think they do). Don't expect to get any of the money you put into a machine out of it unless you learn to press the CASH OUT button.
VT fully recommends the following books to help you decrease the house advantage on casino card games.
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Las Vegas, commonly known as the Sin City, also known as the casino capital of the world, are all familiar names it has earned over the years. And like the famous saying goes, “what happens in Vegas, stays in Vegas”, is a popular phrase that will always ring in our heads whenever we think about this legendary city. Vegas is truly one of a kind, and is the #1 casino destination for gamblers from all walks of life, but even if you’re not into casino games, you’re still gonna have a great time as the city is full of non-stop entertainment.
To give you an idea of how many people visit each year, there was a study done in 2007 by the Las Vegas Convention and Visitors Authority which found that about 40 million people visited that year, and that each of them spent somewhere around $1,000. That’s around $40 billion that came from tourism alone and has a population of close to 650,000 people. This is amazing, and goes to show how a city in the middle of the desert can still be one of the top tourist destinations.
Curious to know how many slot machines in Vegas? Continue reading to find out! We’ll also be discussing some other fun facts as well as what some of the best slot machines are.
Below we’ve made a list of 10 fun facts about Las Vegas that we think are very interesting and that you’ll be quite surprised to learn about.
Spending time trying to figure out what the best slot machine to play in Vegas is can be a daunting task, however it doesn’t have to be this way. You just need to be familiar with all the different machine types. Once you have a better understanding of all the machine types, such 5-reels, 3-reels, classic slots, video slots, penny slots, etc. You will then need to decide on a game’s theme to see which kind are the most appealing to you, such as the art style and music. For example, maybe you were a Pink Panther fan growing up, if so, then you should definitely try out all the Pink Panther themed games. Or maybe you’re just a big animal lover in general, in that case, you shouldn’t have a hard time locating all the various animal themed games. Once you have found a slot that catches your eye, you should check out the paytable to look over the rules and see what kind of features it offers. Some of the most popular ones are bonus games, personal/progressive jackpots and wild symbols.
But before you go running off to Vegas to play for real money, be sure to give all our state-of-the-art slot machines a try, for free! Not only will you be able to save a lot of money, but you’ll be able to get a lot of practice, and be able to carry all our games in one convenient application. With crisp graphics, sounds and endless amounts of entertainment, Caesars Casino online is truly a one-stop shop for all your slot machine needs.