Casino Roulette Strategies



Best Payout slot machines

High Payout Slots  June 12, 2016 – 10:16 am
Progressive Jackpot Slots

When discussing the odds of most casino games, writers use the term “house edge” or “house advantage”. Slot machines use a slightly different metric called the “payback percentage” or the “payout percentage”. It’s the same idea, but it’s that idea looked at from a different perspective.

In blackjack, a player who’s using a basic strategy might be playing against a house edge of 0.5%. That means, over an infinite number of bets, the casino will win an average of 50 cents out of ever hundred dollars the player wagers.

In slot machines, a player might be playing a slot machine with a payout percentage of 99.5%. That means the same thing as the house edge in the first example, and over an infinite number of bets, the mathematical expectation is the same—the casino will win an average of 50 cents out of every hundred dollars the player wagers.

The payback percentage is simply the house edge subtracted from 100%. You could use payback percentage to describe other games besides slots and video poker, but they're not usually referred to in the same terms.

Of course, good luck finding a slot machine with a payout percentage that high. They don’t exist. That’s because blackjack played skillfully is one of the best bets in the casino. Slot machines are fun and exciting, but mathematically speaking, they can drain your wallet faster than one of my ex-wives.

The Theoretical Hold

Another phrase used to describe the payback percentage is “theoretical hold”, which refers to the mathematical expected amount that the casino will keep over the long run from each bet. This number is determined by the random number generator (RNG), which is a computer program inside each slot machine that determines the outcome of each spin.

It’s important to remember that the random number generator is truly random, but the payouts for the various combinations are set up so that the casino will be assured a profit in the long run.

For example, a very simple slot machine might have 12 stops, each with an equal chance of hitting on any given spin. The odds of getting all three reels to land on a given stop are 1/12 X 1/12 X 1/12, or 1/1728. If the game is programmed to pay out any such combination at a rate of 50 to 1, then it’s easy to see why the casino would make a long term profit.

Of course, slot machines have various settings. Some stops might come up once out of every 12 spins, while others might only come up once out of every 64 spins. One set of symbols might result in a payout of 50 to 1 while another might result in a payout of 2000 to 1. Calculating the math for the various combination isn’t difficult, and slot machine manufacturers and casinos modify factors like hit frequency (how often a game pays out anything at all) in order to maximize how addictive a slot machine game is psychologically.

Source: www.vegasslotsonline.com

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