If slot machines in casinos are rigged in general, why do they still exist?

Slot machines are REGULATED, not “rigged” (or programmed to cheat you for the owners benefit).

Regulated slot machines have payouts that are set by the gaming commission, based on the configuration of the machine. This guarantees the payout percentage of the machine, and also guarantees the percentage of profit that the casino can get from each machine.

Having said that, casinos don’t require a dealer to stand at the machine, and cost very little floor space in relation to the money they make for the casino. When you see a casino with 3,000 slot machines and only 50 gaming tables, it’s obvious that the slot machines make a handsome income for the casino.

Modern slot machines are also more complicated than the old 3-reel slot machines of old; you can wager on 10, 20, 50, or more lines at a time, and at different denominations. basic slot psychology says you have to bet more to win more and the flashing lights lure you in to one more spin…..

Even though the machines are regulated, Slot machines are still games of chance and you have the possibility of a large jackpot – but your winning is NOT guaranteed.

Rather than be upset you are not getting the jackpots you deserve, I strongly urge you to play only slots that are entertaining or fun – and play for the fun! Don’t anticipate winning, as jackpots are random and unpredictable events. limit your contribution to the slot machines, and take frequent breaks to enjoy the ambiance of the casino, and keep a little more of your bankroll out of the casino’s coffers.

Also use your players card! that is the casino’s measure for giving you back some of your wagers in exchange for food, prizes, or points. It isn’t much for me (I am a session gambler and a known “low-roller”).

Also look at the paytables, and bet accordingly. they are not all the same!

The secret to how I win at slots:

I own 2 antique slot machines. Hopefully all my houseguests bring spare change. And trust me, they are really loose! (I would never lie). It’s a great way to monetize my home. You can buy one of your own on eBay.

Thanks for the A2A!

Disclaimer: I own 2 slot machines, so technically I am a Casino owner, such as it is. I also enjoy writing about gaming on my blog, www.thechenkinreport.com.

Where do I find info about slot machines?

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