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The picture above is a payout schedule from a "Red White and Blue"
slot machine.
As you can see, if you were to hit the jackpot betting one coin would
win you 2,000 coins, 4,000 coins for a two coin bet and 10,000 coins for
the maximum bet of 3 coins.
losing slot players will not pay attention to payout schedules, where
as smart players who win at slots do. If you walk by the above machine
and the first thing you notice is 10,000 coins, you might as well forget
about becoming a serious slot player.
The key to win playing slot machines is to understand the payout
schedule. You should play a slot machine that offers the highest payout
for lower winning combinations, not just play a machine because it has
the highest jackpot.
Reasons for doing so, are the simple fact that your chances of
winning the large jackpot are a lot lower than winning smaller payouts.
By walking around the casino, you should look at all slot machine payout
schedules before you begin to play.
For instance, say you decide to only play quarter slots and see two
identical machines. When you compare the payout schedules, machine 1
offers 25 coins for the lowest payout and machine 2 offers 50 coins.
Which would you choose?
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Card Shark is
a 5-reel, system-wide Progressive game, and to view the pay table
you must click on the “Pay Table” button located next
to the red “Cash Out” button on the lower left side
of the machine. The progressive jackpot total is displayed on
the bottom of the machine, between your balance and the chips,
and re-starts at $1,000 every time the progressive jackpot is
won. This machine may only be played in the single denomination
of $.01 (that’s right, it’s only a penny!). To play,
put money in the machine by clicking on the chips in the lower
right corner and press “Bet Max.” This will play the
maximum bet (9 paylines and 45 coins), giving you the maximum
chance to win and automatically spins the reels. If you’d
like to play fewer lines or fewer coins per line, just select
the lines you want by using the “Select Lines” and
“Bet One” buttons. When you have the bet you’d
like, just press “Spin,” and wait for a win. Remember,
each coin is only one penny, which makes it easy to “go
for it!” Win by lining up treasures on any of the nine pay
lines. Receive five “Starfish” on any max bet line
and you win the progressive jackpot! Collect three “Treasure
Chests” anywhere on the screen and one will magically open,
and you win the amount of treasure (coins) in the treasure chest.
Get three “Card Shark” icons anywhere on your screen
and enter the card shark bonus round where you can play high/low
with the card shark. The “Card Shark” deals you three
cards face down. Then, simply determine if the next card is higher
or lower than the last card. Each correct prediction wins an
amount relative to your total bet on the spin (the more you bet
the more coins you receive). Note: Player loses ties and Aces
are always high. All of the pays, with the exception of the bonus
game winners, are played from left to right. That means that
you win when you line up the icons starting from the leftmost
wheel. Just click on the “Pay Table” button to see
what each combination pays.
Payout percentages are the most commonly used form of differentiating slot machines, and the most often used form of advertising slots by the casinos. Many casinos offer "98% payback slots " or some other high number as their payback percentage. This is most often thought of as "98% of the total amount of money deposited into the machine will be returned to the player". People tend to think this means if they play through $100, they should expect to have $98 come back to them. This is a bit of a fallacy however, because the return percentage is a theoretical one based on an infinite timeline. This means if you were to keep playing the slots game forever, you would eventually have made back 98% of what you put in. Most people don't usually play long enough to hit a big jackpot however, and winning that jackpot is part of the calculated 98%. This means if you play and don't win big, chances are you're actual return percentage will be significantly lower.
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What do I mean by traps? I mean slot machines that aren't entirely up front about what they offer you. The biggest trap by far is the full coins trap. There are many slot machines in Vegas that advertise great payback percentages and amazing jackpots, but they also advertise themselves as 'quarter slots ' or 'nickel slots ', which is a little misleading. The majority of these machines require you to play multiple coins in order to be eligible for some or any of its available jackpots. Many of them require that you are playing the maximum number of coins possible on the machine in order to be able to win the jackpot that probably convinced you to play it in the first place! So be very wary, you may find yourself in front of a machine that has three cars lined up in a row making you think you've won the grand jackpot, but no lights will flash, no sounds will erupt, if you only played one coin.
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There are many, many myths around the Internet trying to convince you that the casinos in Las Vegas have masterminded the way they place their slots , with loose slots more visible than tight slots . You will undoubtedly read about how slot machines near the isles, on raised carousels, or near the entrances and exits pay out more and more often than other slots in the casino. The logic is based on the idea that the casino wants any winner on a slot machine to be seen by as many people as possible, convincing them to play too. While this may be a fairly logical assumption, it seems as though if it was true once in the past, it sadly no longer is. Recently Michael Shackleford of the wizard of odds has done some fairly systematic tests of casinos around Vegas and found no difference between the payouts on machines located randomly, and those in previously though of 'loose' spots.
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