- How Much Are The Slot Machines In Las Vegas Nv
- Las Vegas Slot Machine Sales
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- How Much Are The Slot Machines In Las Vegas Nevada
The Vegas Strip’s quarter slot machines offered 89.40% RTP, which is really bad when considering the coin size. Only nickel, dollar, and multi-denomination slots delivered over 90% RTP. Multi-denomination machines were the best deal at 93.61% payback.
Las Vegas slot machines are known by a variety of names around the world. Slot machines in Australia are generally referred to as video poker, poker machines or pokies. In Japan it is known as pachisuro. In Britain, they are usually known as Fruit machines, Bandits and AWP (Amusement with Prizes)
Traditional slot machines are coin-operated machines with three or more reels, which spin when a lever on the side of the machine is pulled.
Las Vegas slot machines which are considered modern slot machines are designed to look and feel like the old mechanical models, but they work on a completely different principle. The outcome of each pull is actually controlled by a central computer inside the machine, not by the motion of the reels.
The positions the reels will come to rest on are chosen by a Random Number Generator (RNG) contained in the machine's software. The RNG is constantly generating random numbers, at a rate of hundreds or maybe thousands per second. As soon as the lever is pulled or the 'Play' button is pressed, the most recent random number is used to determine the result. This means that the result varies depending on exactly when the game is played. A fraction of a second earlier or later, and the result would be different.
What does all this mean, you ask? It means,
Las Vegas slot machines have one of the worst House Advantage. That means the odds are always in the slot machine's favor.
There is no reward for playing longer. Each play is an independent event with the same odds of winning or losing as every other play on that game.
Persistence doesn't pay off. The result of your previous play or series of plays doesn't determine what happens on your next play.
There is no way to tell which slots are wining machines. Slots are never 'due for a win' and they don't 'go cold' after a win.
The location of the slot machine, whether it's on the Strip, off the Strip or Downtown affects the outcome of a game.
Now, here is the news you don't to hear. There is really no strategy to out smart the slot machine. However what we can show you are some wining tips on playing slot machines.
One of the questions visitors to Las Vegas ask is, where are the loose slots. Loose slots are Slot machines with above-average pay outs.
It's a fact that Las Vegas Slots differ in their payouts. Generally the odds of wining any prize on Las Vegas Slot Machines are approximately 1 in 5. However the odds to wining a top prize on a red, white and blue slot machine, for example, are only 1 in 373,248.
Some slot games pay smaller prizes more frequently and offer more bonus games (Loose Slots). Other machines pay out more often in the middle and top prize categories. It's important to mention that the chances of winning smaller prizes on slots are greater than the chances of winning top prizes.
Tips for Wining Big on Slot Machines
Use your Player's club card
Play two-coin, three reel, one payline slot machines.
Stay away from three-coin machines unless they are progressive machines.
Don't play more than one machine at a time.
Always play the maximum coins.
Always play machines that show double up symbols.
Don't play nickel slot machines. (check the house advantage here)
The Slot Expert's Guide to Winning at Slots
The Best Number of Coins to Play in Slots
| Type of Machine | Rules and Reasons |
|---|---|
| Progressives | Play maximum coins. If you play don't play maximumcoins, you're only increasing the jackpot for someone else with nochance of winning it yourself. |
| Straight Multipliers | Play one coin at a time. The payback and hitfrequency are the same regardless of the number of coins you play. |
| Bonus Multipliers | Play one coin at a time. The chances of hitting apayout with a bonus are so small, it's not worth the extra risk. |
| Buy-A-Pays | Play maximum coins. The increase in payback andhit frequency purchased by the additional coins can turn a terriblemachine into a good one. |
| Hybrids | Play just enough coins to activate all winningcombinations. Extra coins are rarely worth playing in amultiplier, and hybrids are multipliers when you're in themultiplying section of the paytable. |
| Hidden Buy-A-Pays | Play maximum coins. The feature activated byplaying the last coin frequently makes the last coin pay back over100%. |
| Multilines | Play one coin or maximum coins. Play maximum coinsif having winning combinations land on paylines you didn't activatebothers you, otherwise play one coin. |
| Multicoin/Multilines | Play one coin each on as many lines as you like. Play one coin on each line if having winning combinations land onpaylines you didn't activate bothers you, otherwise play one coin.If there's a Hidden Buy-A-Pay, play enough coins to activate it. |
Source: John Robison - www.Robison.CasinoCityTimes.com
Slots Machines House Advantage and Expected Lose
| House Advantage | For Every $100 bet, the player can expect to lose | |
|---|---|---|
| Penny Slots | 8%-12% | $8 - $12 |
| Nickel Slots | 6%-12% | $6 - $12 |
| Quarter Slots | 5%-10% | $5 -$10 |
| Dollar Slots | 2.5%-6% | $2.50 -$6 |
Take a different twist on the increasingly popular game of poker and play your favorite video reel games at most Las Vegas Casinos. Choose from the hottest Vegas video reel games and slot machines. You'll find all your favorites, plus progressives and video poker in a wide range of denominations. Video poker provides all the strategy of poker but at your own pace.
Did you know...
The largest Las Vegas slot machine jackpot ever, was paid on a Megabucks machine at the Excalibur Hotel, for $39,713,982.25 on March 21, 2003. More Las Vegas Facts.
Do you know ... your chances of hitting a winning combination are the same on every spin.
Slots today are much more sophisticated than they were in previous decades. The first reel-style slot machine, invented by Charles Fey in 1895, featured 3 individual reels with symbols like horseshoes and clovers. A jackpot was triggered when the player hit a Liberty Bell on each reel.
Fey’s machines were quite popular and were soon found in saloons across the San Francisco Bay Area. He originally split revenues with the bar owners, but after one of his machines was stolen, and similar machines hit the market, Fey switched to renting or selling his machines.
Slot manufacturers like Mills, Jennings, Pace, and Watling came and went over the next 60 years. During that time the machines were found in bars and roadhouses across the United States. Similar machines were also popular in Great Britain and Germany.
How Much Are The Slot Machines In Las Vegas Nv
In the US, most states eventually outlawed open-gambling, but the slots were tolerated in many locations until the late 1930s when Nevada was the only remaining state with legalized gaming.
Although machine styles and designs changed, the overall operation and mechanics of the slots did not.
A single cherry symbol usually paid 2 coins, while 2 cherry symbols paid 5 coins. An orange on all 3 reels usually paid 10 coins, while plums or bells paid as high as 18 coins. A jackpot was 150 coins, meaning a nickel machine paid a total jackpot of $7.50.
The machine automatically dropped 20 coins, and the remaining $6.50 was paid by an attendant.
The monster machines drew crowds, but Bally had an even more important change that revolutionized slots. Previous machines had used metal tubes and slides to make payoffs that ranged from 2 to 20 coins.
Bally’s new Money Honey machines changed all that, with sleek designed fronts that opened on a hinge and gave slot attendants the ability to fill an electro-mechanical hopper with coins.
The new process allowed players to hit larger payouts and be paid automatically as the hopper spun and dispensed jackpots, counting the payout as it went.
Just 15 years later, the gaming industry introduced computer-run machines to their customers. The new machines used computer motherboards and removable chips to change game parameters. The machines used now employ random number generators to ensure safety and fair payouts for huge jackpots that have reached more than $20 million.
The machines most popular in the early days of Las Vegas had 3 reels and symbols like cherries, plums, oranges, and bells. A standard slot had 20 symbols per reel, so the odds of hitting the jackpot were 8000 to 1.
Las Vegas Slot Machine Sales
Today, machines can have nearly unlimited combinations. In fact, the largest group jackpot is offered by IGT on their Megabucks machines.
Las Vegas Slot Machine Videos
Those machines have virtual reels with 368 possible stops. Each virtual reel has one jackpot symbol. 368 x 368 x 368 gives the player one chance in 49,836,032 spins to hit the jackpot. Yes, the odds are high, but so are the jackpots, often over $20 million.
How Much Are The Slot Machines In Las Vegas Nevada
Unfortunately, nearly every large group (or linked machine) jackpot has a payoff made over 25 years. What that means is that if the jackpot is $1 million, you get a check for $40,000 the day you hit the big one. Then, you get a check in the mail for the same amount annually for 24 years.