Penny Slots Odds
- What penny slot machines have the best odds? Generally, if you want a penny slot machine with the best odds, you should aim at those with RTP over 97%. Progressive jackpots, bonus rounds and free.
- I can't quote a precise number on the 'odds' when playing penny slots, but the staff will tell you that the odds are much better on the 25c, 50c, and $1 slots. You're simply not going to win on those penny slots unless you 'bet max'. And when you bet the max, you're doing 40 lines times 5 or times 10 (as much as $4 or $5 when betting the max).
The most fruitful games, when it comes to odds and cost, are the nickel and quarter slots. In June, nickel slots had a win percentage of 94.2% while quarter slots paid back 93.06%. Next to Megabucks, penny slots have the worst win percentage, returning 88.83%. Casinos with the Most Slots in Las Vegas The Orleans Hotel and Casino. Top 10 Slots with the Highest RTP – Play with the Best Odds. By: Cat Marshall February 27, 2018 Whilst many people decide which slot to play based on the theme, special features or promotional offers, the savvy gamblers steer towards slots with the highest RTP.
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.
Slot Spotlights
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
Slot Machine Payback Percentages
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%
The Math of Casino Slot Machines
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.
How was this number derived:
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.
Gamblers Library
VT fully recommends the following books to help you decrease the house advantage on casino card games.
Buy used from Amazon.com and save big bucks!
Penny slots. This is the one game at the casino that everyone from the broke 21 year-old newbie to the veteran 75-year-old grandma can afford and play.
However, even though penny slots are one of the most popular games at any casino, it’s amazing how many people still aren’t sure how and where to play them. Lucky for you, that’s what we’re here for.
Here are 3 key tips to help you take down those penny slots and get the best ROI on your investment.
Max Bet
Always max bet. If you ever think about not max betting, just get up and walk out of the casino. If you’re playing penny slots, the only way you can get a max return on your investment is to wager max bets. You aren’t sure when you’ll spin a winner, but when you eventually do, you’d absolutely hate it if your winnings totaled to a grand 50 cents.
Additionally, many times you’ll get additional spins once you win and a max bet can net you up to 10,000 free spins depending on the casino. You can do a lot of damage in 10,000 spins so just keep the game going as long as you can to give yourself the opportunity to cash in big.
Matching Deposit Bonus
This is very common for online casinos, but it’s becoming more and more prevalent in land-based casinos as well. If a casino offers a free cash bonus, like any sane person, you should jump on this offer (just be sure to read the terms of the bonus, that is always good practice.)
For example, some casinos will offer you a 100% matching bonus, which means if you deposit $200 into the machine, the casino will match and bring your total deposit to $400. The best part about this type of bonus is that you have no choice but to deposit anyway, so this is really a no-lose, best case scenario type of bonus.
Look around and make sure you head to a casino that A) matches up to 100% of your deposit and B) does it more than once. Some casinos will re-top you up on your 2nd deposit as well.
Payout Percentages Are King
In addition to the deposit bonuses, you also want to play at a casino that’s known for its high payout percentage for real money slots players. Think of it this way – you would much rather go to a restaurant with the best food, right? Or you’d rather go see a sports game that features the best teams playing it. This is the exact same concept.
Why go to a casino that pays its slot players less than its competitor? Look around, check online for casino payout percentages, and work your way to the highest one. All of this work needs to be done before you even walk in and pull a lever on a machine, so you pre-assessment is absolutely key to your success. You don’t want to sink your chances of winning before you even get started!
There you have it. Follow these three steps and maybe, just maybe, you’ll be able to cash in on your penny investment and become the godfather of Las Vegas for an entire weekend. If you want to hone your skills, may we suggest playing at Slots of Vegas casino today
Relevant news
What is the Payout Percentage for Slots?
If you’re interested in playing slots, one of the first things you should learn about…
read more +4 Lucky Colors and What They Mean
What you wear may affect your gambling odds. Find the color that fits your goals…
read more +Slots for Dummies: 5 Things You Should Know
Penny Slots Odds
Slots are one of the easiest games to play in a casino, but even then,…
read more +3 Craps Strategies, Why they Work, Why they Don’t
There are two types of betting strategies: conservative strategies that involve making one or two bets…
Penny Slots Odds
read more +70 Ways to Say Good Luck
Penny Slots Best Odds
Keep it simple. Want to keep it secular, or cut the idea of luck out…
Penny Slot Machine Odds
read more +10 Luckiest Names
Parents choose names for many different reasons. Sometimes a name carries a family tradition, or…
read more +