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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 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.
Winning Slot Machine Pics
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!
Ontario's provincial gambling operator has pulled 87 video slot machines out of service or physically removed them from its casinos after a CBC investigation found what appear to be subliminal messages flashing at players.
Ontario Lottery and Gaming,the recently rebranded Ontario Lottery and Gaming Corp., is concerned about three games on video slots made by a company called Konami. Itshutthem down as a precaution on Friday, and is looking into the issue.
The games flash winning jackpot symbolsat players for a fifth of a second, long enough for the brain to detect even if the players are not aware of the message, some psychologists told CBC News.
It's not clear if messages are influencing gamblers' behaviour. That would take further testing,experts said.
But players who stick to a machine are seeing a winning image every two seconds, the time it takes for one spin, and that concerns Roger Horbay, an electronic gaming specialist who has treated hundreds of problem gamblers.
'I think it's part of them trying to make their games more attractive to the players to keep them at the game longer so their machines are more profitable,' hesaid.
However, Konami, the company behindthe games, said the jackpot symbols are a technical problem that it is fixing.
'It is simply a software glitch that our engineers have identified in four game titles, and wehave identified [that] three of those titles have been shipped into Canada,' said Konami spokesmanSteve Sutherland.
'The company is not going to risk its licensing to do this. It is purely a software error that the company is fixing.'
The game titles with the symbols are: Most Wanted, Sergeant Fritter and Billionaires. (A fourth called Sticks and Stones has only had limited release in the United States.)
But OLG, similar bodies in other jurisdictions and the Ontario gaming regulator, are all taking the messages seriously.
'Well, we are going to take a look at it further and see if there really is anything that we need todo and we will take the appropriate action,' said Sukhi Grewal, head of game testing at the regulator, the Alcohol and Gaming Commission of Ontario.
U.S. states consider pulling games
Gaming Laboratories International, the privatelab in the U.S. that tests slot machines for most states, is investigating as a direct result of the CBC story, and many U.S. state casino commissions are looking at whether to pull the machines there, president James Maida said.
In Canada, British Columbia followed Ontario's leadlast Friday and pulled a handful of the types of machines that flash the winning symbols. But after doing tests to ensure they are still paying out at the normal rates, they're back on the gambling floor.
Quebec has about 150 machines made by Konami, and is checking to see if any of them have the games with the winning jackpot symbols.
Alberta, Saskatchewan, Manitoba and the Atlantic provinces either have no Konami games, or the games on their Konami slots don't have the symbols.
As part of research for this story, CBC News went to several Ontario casinos to videotape about20 different types of slot machines. There didn't appear to be any symbols flashing — until the video was slowed down. Then it became clear that the three games containedwinning jackpot symbols.
While the effects are uncertain, problem gamblers complain that the machines affect how they think, electronic gaming specialist Horbay said. They can't pinpoint the problem, but 'this may be part of what they believe is messing up their heads,' he said.
OLG pulled 25 Billionaires, 37 Most Wanted and 25 Sergeant Fritter games from casino slot parlours at race tracks, as well as Casino Rama, Casino Niagara, and Fallsview Casino in Niagara. The province has a total of 1,373 Konami machines.