Slot Machine Denominations Explained – When playing slot machines in casinos, most players would normally like to know which denominations are most promising in order to find the slots that offer the best returns.
Normally, the higher the denomination, the better the rate of return. For example, a denomination of 0.05 has an average payout of 92.5%, while a denomination of 5.00 gives a return of 98.4%.
Slot Machine Denominations Explained
Greater revenue is generated by casinos by having a large cash turnover. Normally, a smaller amount of money will be generated by the 0.05 denomination slots on a daily basis compared to the 1.00 denomination ones for the same time period. More money is generated using higher denomination slots, which is why most casinos can afford to offer higher payout rates to players.
All You Need To Know About Slots Betting
Basically, slot machines are among the casino games that do not allow the implementation of a successful winning strategy. Unlike games of skill, such as poker for example, where the player can use a strategy or at least have realistic expectations, slot machines are designed specifically to make this impossible.
There is virtually no way to come up with a long-term winning strategy for slot machines because the outcome is based on chance. Also, slot machines have recently become more complex, which is another contributing factor that eliminates even the slightest possibility of making a prediction or using a strategy to derive the results. As already explained, the paylines of each slot machine are controlled by a Random Number Generator or RNG, which guarantees that winning combinations occur randomly.
The randomness of a slot machine can be tested with special software, which examines the return to the player over long periods of time, involving hundreds, thousands and even millions of spins.
The house edge, on the other hand, is another factor that prevents players from coming up with a winning strategy. Some specialists say that players should not bet for the sole purpose of generating massive returns when there is an advantage to the house. Of course, the player may prefer to bet just for fun while knowing that there is a small possibility of generating a win. Undoubtedly, there is always a chance to be unexpectedly lucky and hit a winning combination.
Demystifying Slot Hit Machine Frequency For Your Gambling Strategy
If the player is wondering what the exact edge of a given slot is, they should be aware of the fact that there is normally no way for them to find out. It is against the casino’s interests to publish such information, which is why very few players actually realize that it is a real advantage to the house.
If the casino has published the Return to Player percentage (RTP) for your chosen slot, you can use this to calculate the house edge by subtracting the return from 100%. For example, if a given slot gives you an average return of 97.54%, the house edge you’re fighting against will be 2.46%.
As already mentioned above, in modern slot machines, the odds of hitting a particular symbol or combination of symbols depend on the settings of the reels. The work of the reels, on the other hand, is controlled by the software plus the Random Number Generator (RNG).
Making an attempt to get the odds of winning on a particular slot machine is a difficult task. Firstly, there is a huge variety of slot machines available on the market, which basically means that the odds can vary widely.
Picking The Right Denomination For Your Bet Level
Nevertheless, the odds against a particular machine are usually expressed as a payback percentage. Logically, the closer this ratio is to 100%, the more money the machine will return.
It may sound unbelievable, but there are some machines that even offer positive expectations, which means that there is practically no benefit to deter the player from accumulating profits in the long term. These slot machines are usually called “loose” and are often spread out in specific locations on the casino floor to attract more players. This was the very reason why most casino operators used to put the loose slot machines near high traffic areas like bars, entrances and so on.
Let’s take a look at this under a few scenarios: $1 bets, $3 bets, and $5 bets. Many players will fall into these categories, but if you are below or above a given threshold, you can still apply these thoughts to something that can help you get the most out of your time playing slots.
Slot Machines Explained
If you are betting around $1 per spin, you can favor penny slots with 30-50 lines and bet 2x or 3x. Or you can be comfortable betting 88 cents per spin on a game like Dancing Drums.
But many of the games out there now let you choose denominations. You might be able to find a 2 cent or 5 cent machine that still lets you bet $1. Or you can increase the denomination in a game like Mighty Cash and not only be able to play nickels, but lower the required symbol minimum for the Mighty Cash bonus from 6 to 5. The adjustment of the symbol can also be a sign that the casino may set a different repayment level, since the calculation would be different. Not all casinos do it, but it’s a calculated gamble that they can, and we’re in a casino, so calculated gambles should be our thing.
There are also old school games with three reels like Double Diamond at quarters (which if there are 3 quarters the max bet is only 75 cents). The Public Slot Payback Report generally reveals that quarter denomination machines have a payback percentage that is a few percentage points better than a penny slot, so on average you should have a longer playing field for a similar bet on a quarter machine than pennies.
I know reel games aren’t for everyone, but it’s worth putting into the rotation if you want to make your money last longer, or have a better chance of a nice win.
Which Denomination Am I?
If you’re going to bet max pennies, you can bet on games that have max bet progressive options like Quick Hit, which starts at $1.50, but many require a $3 max bet per spin today. This ensures that you get the best payouts for the bet possible on these games.
Play with a bet of 40-60 cents on pennies as the minimum bet will be $2-3 nickels. Going up to nickel vs. max-betting pennies should still provide a slight improvement on the payback side. Even though nickels give you an extra 1 percent advantage, for every $100 in coins you’ll get, on average, $1 more in payback than the pennies version; if you make a few thousand in coin-in it can be significant.
For $3, you also open games like Pinball, Top Dollar and others at the $1 level, if you’re comfortable with three-reel games. And at that level of effort, you may even find yourself stepping into high-limit rooms now and again! Bets at the $1 level will pay slightly more than the quarter level, so compared to a max bet of pennies, your payback levels would be 4-5 percentage points higher on average.
Everi has a series of jackpot driven games which are 9 line quarter denomination with three reels and frequent jackpot hits too; With the extra lines, the payouts often enough feel more like video slots in that regard.
Myths About Slot Machines People Still Seem To Believe
When you reach a bet of $5 per spin, if you’re still playing pennies, it’s because the higher level picks aren’t calling you. You can find video slots at the 50 cent level and get an experience similar to a bet of $5 pennies.
Many Ainsworth video slots at quarters for 20 lines or 50 cents for 10 lines will be the same games you can play with lower denominations. Dragon Link has a 5 line option at the $1 level in the machine. Many high limit games become available with this bet level.
So why would you bet pennies? The entertainment factor I’m sure, as many video slots have fun bonuses. But it helps to educate yourself about what’s on the floor – see if there’s a higher denomination version of your favorites so you can get that extra cashback over a basic slot level.
And remember, no matter what you play, your denomination matters less than your total bet amount and how long you play when it comes to the offers available to you.
Episode 773: Slot Flaw Scofflaws
My name is Joshua and I’m a 30 year old working in technology marketing by day, and do casinos on a regular basis for periods of time. Know Your Slots will reflect my interests in understanding the different ways you can play slots, games that give you a potential advantage, casino promotions and systems and how to get the most out of it. Playing slot machines is very easy to learn and