What is a good slot machine strategy with $100 to bet, minimum or max bet till it’s a win or total loss?

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It really is about what you want to do – extend your play or just lose the $100  quickly on a high-limit slot machine and go home.

Personally, I would suggest finding a machine that has a relatively low max bet, or a .50 to $1.50 bet (with good low wager returns), and get more pulls for your money plus any winnings (which give you more pulls if you don’t cash out).

mikes guide to better slot play Amazon
Mikes Guide to Better Slot Play, available from Amazon

If you make a decent win, like several hundred dollars, pull some out and continue the strategy, so you can play longer at the machine – and increase the odds of winning by having more spins.  And you would be playing with the money you won, not your original $100 bankroll.  Remember, anytime you walk out of the casino with money – you are a winner.  And if you have fun, even better!

This article talks about it in some detail:

Using Probability When Hitting the Slot Machines – dummies

Remember, machines with “guaranteed” 90% payouts mean guaranteed 10% Losses on average over time. Unless you have luck with you and make a big win, it is unlikely that you will win the big progressive (unless you are playing Max Bet, and very lucky). So Play for fun and extend your play on machines you ENJOY playing!

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Winning at Casino Slots For the Gaming Challenged: More Bang for Your Casino Buck , Available from Amazon

And, if you want to make max bet on progressive machines, Look at the paytables to see what smaller wins you can get. Pay tables tell you a lot, and give you an idea how the machine will reward winning combinations. and the amount of the Max bet will tell you how many spins to expect for your $100 gaming investment.

You can also divide your $100 into 5 twenty-dollar “sessions” at different slot machines.  This is a tactic known as “session gambling”.  If you make a win (doubling or tripling your $20 or more), you can cash out and start another session.  This gives you a better handle of how your gaming is progressing, and will break up your time at the casino with different machines.  You can also end a session early if the machine is “cold”, before it gobbles up your entire twenty!

 

What have you personally done to win big on slot machines?

lots of slot machines

If you want a shot at winning anything on slot machines, you have to play. The Longshot win of someone putting a quarter in a machine and winning a million dollars is Hollywood, but it can happen. (and yes, I do put my few dollars in the giant slot machine when you enter the casino, you never know).

Alan pulling the handle on a giant one-arm bandit in Las Vegas.
Alan pulling the handle on a giant one-arm bandit in Las Vegas.

Apart from playing more equals more chances to win (or lose, if you look at it that way), I am a low-roller and a “session” gambler, extending play with lower wagers and $10 – $20 sessions. Winning “big” is a factor of the RNG, the “Random Number generator” that determines the outcome each time you spin. Each spin has an equal chance of winning, although larger progressive jackpots are only paid when the maximum is bet.

While I would be exuberantly happy and excited with a big jackpot, I have never won more than about $200 on any one machine. The real payout is the fun you have with a machine that has aliens, stampedes, hay-wires, super Heroes, or free spins.

So my answer is that I play, to increase the possibility of winning – but luck and the RNG have not granted the “big wins”. (YET).

You can always get books on “how to win big at slots” from Amazon.

I have touched on the subject before, so take a look at my shameless self promotion:

Alan Chenkin’s answer to What are the best tips for casino slot machines?

slot machine strategy | The Chenkin Report

Have fun at the casino, learn the strategy that is best for you, and (in Vegas), enjoy the sights! Vegas Baby! Silver strikes in the land of Bugsy and Elvis!

Do slot machines pay out less on the weekends?

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Slot machine payouts are at regulated percentages over the lifetime of the machine. The machines are regulated, the payouts are calculated over the lifetime of the machine, and – unless the machine is reprogrammed – the RNG (Random Number generator) chip determines the win or lose on each wager. so the machine does not care what day of the week it is, just the RNG.

Having said that, it is obvious that some casinos have increased numbers of PLAYERS on the weekends, and more people playing means that (overall) there is a potential for more winners (and losers), although statistically the odds are the same.

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A good read on Amazon

There are machines that use “gaming psychology” to make you feel that winning 50 cents on a dollar bet is a “CONGRATULATIONS!! YOU WON FIFTY CENTS!!” event, when in fact you LOST fifty cents on that wager. Each wager is a random event, so gamble responsibly, understand the payout tables, and avoid superstitions like any machine is “overdue for a big win”.

Play games you enjoy, and have fun at, and walk away when you have invested an amount you are comfortable wagering. Personally, I am a “session gambler”, and will play a variety of machines when I am in a gambling mood.

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I have touched on the subject before, so take a look at my shameless self promotion:

Alan Chenkin’s answer to What are the best tips for casino slot machines?

slot machine strategy | The Chenkin Report

Have fun at the casino, learn the strategy that is best for you, and (in Vegas), enjoy the sights! Vegas Baby! Silver strikes in the land of Bugsy and Elvis!

Las Vegas Economist Believes fees are turning away Las Vegas visitors

I found this article spot on: https://www.casino.org/news/las-vegas-economist-believes-parking-resort-fees-turning-away-visitors/

The corporations that run the big hotels have no interest in dropping fees or increasing comps.

IMHO, Vegas always had an “upside surprise”

-Outrageous themes and events (pools, sky needle, corny casinos, lots of giveaways and freebies). Not to mention inexpensive food (to lure and keep you at the casino).

-Exciting free venues (show me something cool, give me a free/discounted drink, and I will gladly visit your casino)

-The possibility of winning some money (I used to see people holding up the big check with $100k, $50k, etc.)

-Comps just from talking to the pit boss (they could toss you a comped meal without checking your point balance or fear of being fired for being nice to low rollers)

When I went to Vegas 20 years ago, you felt you got more for your money than you do today. Vegas was a VALUE destination; not just gaming, not just canals and water-shows, but you knew people who had a good time and made a few bucks! They were living, breathing advertisements for going back. Often.

Look at Vegas today:

Big fluctuations on room rates, many non-refundable, and those !$#@!! Resort fees.

Winning “big” (more than a couple of hundred) is almost nil. slot psychology, progressives, and high-dollar tables take your money faster with no emotional payback, except for some flashing lights.

Expensive food ($40 breakfast buffets, Starbucks coffee is $4 at the Casino and $2 off strip) and coupons that don’t really give you a significant discount.

Comps based on loyalty cards, so you have to stay in one casino to boost your points or spread your gaming around and get minimal, non-usable points from the Casinos you just visit and spend an few bucks on.

The New Vegas has dropped the “little guy” from their radar – the price gouging (no matter how well justified) will keep them gambling at the local casinos (the ones near me have free parking and lots of giveaways), and a good cross-section of eateries that are there to keep the gamblers happy – not to be an additional profit center for the casino.

Vegas may be overdue for a big downturn in revenue (again) and will have to re-invent itself to keep the convention traffic and Vegas-loving regular folks a reason to visit. We need, first and foremost, to look at the Vegas “Value Proposition” – fun, outrageous hotels, inexpensive but good food, lots of comps and giveaways, and not going broke on your first day and having to put everything on your charge card (a monthly reminder that you spent way too much).

This crazy place in the desert holds an attraction that is being chipped away by profiteering and corporate greed.

If you are not sure that this can be done, look at the way Disney manages their guest experience.

The cumulative effect of this profit-taking makes it harder to return to Vegas – and not once a year like I used to.

 

Do slot machine attendants know which machines are most likely to payout? Will they usually tell you if you ask them?

Slot attendants, and floor mechanics do not know what machines are likely to pay out. The payouts are triggered by a slot machines RNG (random Number generator), and there is no way to know when the next payout will occur, and how big it is.

Some casinos do print a “hot sheet”, which shows which machines are paying out the most, and the staff may share that with you (if their casino prints it, and lets them share). A hot sheet usually shows that the machines with the most play have the most winners – not which machines are “overdue” to release a huge payday for a lucky gambler.

It would be more prudent for a gambler (IMHO) to pay attention to the pay tables on any machine they fancy. As an example, progressive slot machines will only make huge payouts if you bet the maximum ONLY – so it is smart to play progressive machines only with a maximum bet. If you are killing time and want to extend your play by betting smaller amounts, choose a machine that pays out proportionately on any bet.  Or the smaller bet you are willing to wager.

Book on winning at Slot Machines – amazon

Every play on the slot machine has the same odds of winning – despite our belief system that may believe luck, fate, lucky rabbits feet, and timing are somehow working in our karmic favor.

Even if the slot attendant had a “hunch” that some machines are ready to “hit”, they would not tell you – because they could get fired if you did not win and complained to the floor manager.  It most likely violates their employment agreement as well.  Most would suggest that “people seem to be having good luck over there” implying that you move to some other, more popular,  machines.

Rather than pester the low-paid slot attendants, you would do well to become a “session” gambler, to prevent giving your entire bankroll to one machine – or one table.  For example, if a session gambler is going to wager a total of $500 on a visit to the casino, the gambler can make that 10 $50 “sessions”.  Putting $50 into the machine to start the session, and playing it until:

  • The $50 is gone (start a new session at a different machine)
  • A Jackpot came in for $100 or more (cash out that session and start a new one on the same machine, if you think it’s hot, but put that $100 or more in your winnings pocket). FYI – A slot machine will take back your entire winnings and your bankroll over time; move around a bit.
  • The Big Jackpot came in (call me, I will tell you how to manage it!)

If you happen to meet a regular at the casino, that person can be a goldmine of information (“nobody wins at those machines”) (“people who play the double diamond machine always seem to win big”).  These observations may be coming from a half drunk casino dweller, or an “out on the town” businessman, but the insight may be thought provoking.  Some machines will take your money faster, so it may seem that “no one wins” on those machines.

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So keep your eyes and ears open, watch your bankroll (sessions), talk to the locals, understand the paytables, and try not to get mad or cry if your not winning; it may not be your lucky day – so try the buffet!

If you take the time to learn and practice discipline in the casino, you will keep your spending in check, limit impulsive bets, and teach yourself to look beyond the machines and take in the ambience.  You might even have fun!

I hope you found my point of view enlightening and informative.

Where do I find info about slot machines?

1947 Mills "Golden Nugget" slot machine

Slot machines, to me, are lots of fun!  Here are some tips about getting the most info from your slot machines – play as you learn.

I get a lot of good information from Casino City Times – Gaming Gurus  – Frank Scoblette is a good source of information on Slots.  I also Like Casino Gambling Strategy – Blackjack, Craps, Roulette, Three Card Poker, Slots, Video Poker – from VegasTripping.com.

One of the hardest disciplines to learn is managing your bankroll, or gambling money.  I would recommend that you learn to be a session gambler. Divide your bankroll into smaller piles.  For example, take a one hundred dollar bill and divide it into 5 $20 dollar sessions.  When you play a machine, only put in one $20 bill, (or one session).  when the $20 is consumed, your session has ended, and you make the decision to switch machines or start a new session.  If you jackpot, cash-out and end that session – put that money in your back pocket, for later.  If you blow all 5 sessions, hang it up – take a break, and see what else you can do at the casino!

Smart Slot Strategies: A mathematical approach to winning slot machine strategies

Don’t be afraid to take a few minutes and review the paytables on the machines;  paytables have a significant impact on your potential winnings.  Progressive slot machines (where a bank of slots contribute to the pool of prize money) usually require a Maximum Bet to get the big prize.  You can bet less, but that means if you roll the winning combination – you may get a small payout or NOTHING.  Other machines may have graduated payouts regardless of your bet; so if you are playing small wagers to extend your play time at the machine, seek out these machines so you don’t miss any winning opportunities!

Keep an eye on the slot machines maximum bet – usually expressed in credits;  wagering 500 credits on a penny machine is $5.00 for that spin of the reels! If your session is $20, that is only 4 spins – if your session is $100, then you have 20 spins.  More spins mean more opportunity to win (or lose).  Many hard core slot machine players feel you have to wager $200 – $300 on a machine, in order to get any significant winnings.  Decide in advance what your gambling budget is, and space it over your time in the casino – then you have an idea what you are willing to spend on gaming, and can strategize the most practical way to meter your wagering.

If you bump into a slot attendant, they may have a “hot sheet” of machines that have the larger payouts on the floor.  Not all casinos distribute or publish this information, and it usually just tells you which machines are played the most, which is why they have the bigger payouts.

 

The Mathematics of Slots: Configurations, Combinations, Probabilities

These books can be very helpful.  Read all you can.  Now that slots are mostly electronic, the math and “gambler psychology” play into how the machines work.  Pay attention to paytables, progressives, and the type of machine you are playing!

 

Best of luck in and out of the casino’s,  -Alan

Secrets of Winning at the Casino Slot machines!

Slot machines are like an ATM for the Casinos.
They often outnumber the customers and will take back your winnings over time.

 

Does that mean you should not play?
-No, it means that planning on winning or using a “system” to win will usually result in disappointment.
Here is my approach – Play the slots for FUN. Find one you like, observe the paytable (note the payouts, bet accordingly), and gamble for a preset amount of time or dollar value.  (Google “how to become a session gambler”).
If you happen to win, be disciplined enough to pull out the winnings, and put them aside so you can gamble more next time.
While there are many books and systems on how to win at gambling, Slot machines are notorious for sucking you into a game where you may invest considerable money with a poor return, especially if you don’t observe the machines pay table – many slots do not deliver a jackpot unless you have placed the maximum bet (like progressive slots). If you play the smallest bets you are comfortable with (presumably to extend your playing time), be aware of this fact, and check the payouts. You will be very upset if you got a winning payline but it only pays if you are maxing out your bets. You will feel that your jackpot was denied, and that would make for a bitter trip to the casino, feeling you have been cheated – when you actually were not following the payouts.
The penny slot paylines are complex, with 20 to 30 (or more) paylines.
If you are going to the Casino to win at the slots, you can increase your chances of a win (no guarantee here) by predetermining your stake (how much money you bring), learning the paytables, and betting within your means at machines that look fun. (My opinion of a fun machine is one that has Elvis singing, superman, Haywire jackpots, stampeding, and the like, even if your win is small).
Check out this article in Freakonomics:
Once you abandon the idea of a guaranteed winning streak, you will have more fun at the casino. Enjoy your playing and relish the occasional jackpot!
There are new “skill-based” slot machines coming to the casinos, mostly to attract younger gamblers.  They may not replace traditional slots, but it is exciting to see new technology on the casino floor.  We may not even recognize some of the new games of chance as slot machines!
Skill-based “slots”
Have fun at the casinos and mind your gambling, so you pay less and enjoy more.