- Used Slot Machines Las Vegas
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- Best Payback Slot Machines
- Best Slot Machines Las Vegas
- Las Vegas Slot Payout Percentages
By Bill Burton
LOUISIANA SLOT MACHINE PAYBACK STATISTICS Louisiana state gaming regulations require that gaming machines in casinos must be programmed to have a minimum payback of 80%, and maximum payback of 99.9%. The laws concerning video gaming machines at locations other than casinos requires a minimum return of 80%, and a maximum return of 94%.
Over the last year, I have heard many players complain that they are not having as many jackpots on the slot machinesas they used to have. I first heard this from a few of my friends who said they believed that the casinos were tightening the machines because the bad economy was forcing people to make fewertrips to the casino. I did not pay too much attention to this but then I started to notice other players posting the same opinions on several Internet forums.
It seems many of the players have come to believe that every casino was lowering the paybackpercentage on all of their machines.
A month ago I was contacted by a newspaper reporter from Colorado who requested an interview with me. He said he was writing a story about the casinos lowering the payback on the slot machinesthat were making it harder for the players to win. He wanted my opinion on the subject and he was surprised by my answer.
Why Players Win Fewer Jackpots
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I told him I do believe that some casinos may be ordering new machines with lower payout percentages but I did not believe that this was the main reason why players may not be winning as muchas they used to. I gave him the following reasons for my answer.
Over the years there have been many myths associated with casino gambling. One of the most common ones is the belief that a casino can raise and lower a machine's payback with the flip of aswitch. This is not true because the slot machines have a computer chip in them that determines the pay back percentage. These are set at the factory.
In order for a casino to change the pay back, they would have to change the chip. In most jurisdictions, there is paperwork that has to be filled and submitted to the Casino Control Commissionfor each machine if the chip is changed. It is time-consuming and the chips are very expensive. For this reason, the cost of changing the chip in numerous machines on the casino floor does notmake economical sense.
Many of the gambling jurisdictions around the country require the casinos to report the overall payout percentages on a monthly basis. (California is not one of the States) These figures are amatter of public record and are published in some newspapers and gaming publications. I looked back on these figures over the last year and saw that there was very little change in most casinosaround the country. In some instances, there were even some of the payback percentages had increased.
A reason why some players feel that they may not be winning as often is the fact that many players are making fewer trips to the casino so they are not playing as many sessions. So because theyare playing fewer sessions they will see fewer big jackpots and fewer winning sessions overall. It is all proportional.
Some players may have decided to play lower denomination machines. Many of the nickel and penny slot machines have a higher hit frequency, which means you will have many smaller wins but not asmany big jackpots.
How To Help Your Payback Percentages
If you still honestly believe that your casino is lowering the return rate on the slot machines you have several courses of action. The easiest thing to do is to play the older machines. It isdoubtful that a casino would go through the expense of putting a new chip in an older machine to lower the return rate. You can try a new casino. You may find that your luck is better at adifferent casino and a change is your routine will let you enjoy some new experiences.
You can switch to video poker. It is the only machine game that will let you know the payback of the machine by readingthe pay table. However, if you do decide to try video poker, make sure you learn the strategy or get a strategy card to bring along with you when you play.
Switch to the table games. Playing table games is exciting and they offer a lower house edge than the slot machines. Many casinos give free table game lessons so you can learn the basics beforeyou sit down.
Let me close by saying again that I do believe that there will be some machines on the casino floors with lower returns, however, I do not believe that is as widespread as the rumors would haveyou believe. The casinos are in competition with each other for your business so they do not want to alienate the players by offering games where nobody can win.
As a customer/player you always have the option of taking your business elsewhere. The ultimate decision of where to play is entirely up to you.
Until next time remember, luck comes and goes.....knowledge stays forever.
Games offering progressive jackpots and bonus rounds are popular with players, but slots with the best payout rates or payback percentages are considered among the top prizes in the world of gambling. After all, even a couple of extra percentage points can make a major difference when calculating the profitability of an individual slot.
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This article examines the definition of “payout percentage” and explains where to find the most generous slot games. While it won’t improve your actual chances of winning, the knowledge that you’re playing a more liberal slot machine should at least boost your confidence.
What Is a Payback Percentage?
The payback percentage—also known as the payout percentage or return to player—is the amount of money deposited into a slot machine that is eventually paid back to the customer. This percentage is not determined in weeks or months, but rather over the life of the machine.
Best Payback Slot Machines
For example, let’s say that $100,000 is inserted into a slot machine with a 92% payout percentage. According to the RTP (“return to player”), the slot should pay back $92,000 of the wager in the form of wins, while keeping the other $8,000 in profit. Keep in mind, however, that the true payout of a slot machine may take millions of spin to determine.
When a machine’s software is written at the factory, this is when the payback percentage is set in accordance with local laws. For example, slots in New Jersey must be set to pay back a minimum of 83%, while games in Nevada have a lower limit of 75%. On average, the payout percentage for most slots ranges from 82% to 98%.
Slots with a high RTP are known as “loose slots,” while their stingy counterparts are referred to as “tight slots.” Since these figures are rarely reported, it’s difficult for a player to accurately determine whether the machine they’re playing is loose or tight.
In previous years, the RTP was set at the factory and any additional manipulation by the casino required the software to be switched. Thanks to advances in computer technology, many casinos can now remotely manipulate the odds and payout, although they must wait until the machine has been vacant for at least four minutes (no mid-game manipulations).
How to Find the Highest Paying Slot Machine
Casinos love to promote their slots as being loose or easy to win slot machines, but they’re tight-lipped when it comes to actually identifying the machines. In most cases, a few loosest slots are sprinkled into rows of tight machines, which still give the casino the opportunity to brag about all the loose slots they offer.
Unless you happen to have a casino manager in your back pocket, it’s going to be difficult to determine a game’s true payback percentage. Gambling forums and chat rooms are often filled with people who claim to know the RTP for various machines, but you should only trust those sources with impeccable credentials. Otherwise, it’s probably an educated guess or outright lie.
Games with Top Payback / Payout Percentages
While it may be disappointing to hear, a so-called list of loose slot machines is useless. There are a couple of reasons for this, which I will explain below.
Varies by Machine – Just because one slot machine from a certain series pays back 96%, another identical machine may only pay back 89%. These differences aren’t listed by the casino, so the player is left to play a guessing game.
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Location – Even if you somehow learn that the fifth machine on the fourth row pays back 97%, it’s only a matter of time before the casino changes its physical location.
When searching for the best RTP, the best strategy is to look at the minimum paybacks allowed by law. Any law-abiding casino cannot go below this number, which at least gives you a worst case scenario for the rate of return. Unfortunately, not all states have a minimum, and establishments aren’t always required to disclose their payback setting (especially Indian casinos, who regulate themselves). Still, I’ve included what meager information I could gather.
- Arizona – 83% minimum payback
- Delaware – Their video lottery terminals must pay between 87% and 95%.
- Kansas – 87% minimum (80% at Indian casinos)
- Louisiana – Casino slots must pay no less than 80% and no more than 99.9%. The minimum return at locations other than casinos is 80%, with a maximum of 94%.
- Maine – 89% minimum payback
- Maryland – 87% minimum payout
- Minnesota – RTP must be between 80% and 95%.
- Nevada – 75% minimum RTP
- New Jersey – 83% minimum payback
- New Mexico – Between 80% and 96%, although Indian casinos have a required minimum of 80%.
- North Carolina – Payout must fall between 83% and 98%.
- North Dakota – Slots carry a minimum return of 80%.
- West Virginia – Carries of minimum requirement of between 80% and 95%.
- Wisconsin – Minimum return of 80%.
Las Vegas Slot Payout Percentages
Slots with the best payback percentage are highly coveted in the world of gambling, so expect a feeding frenzy whenever a game’s true RTP becomes known. This doesn’t happen very often, though, as casinos love to move machines around to keep savvy patrons guessing. Ultimately, your best chance comes from reading the rules, understanding the pay table, and keeping your expectations in check. Once you meet these requirements, you’re a lot more likely to walk away from the casino with a smile on your face.