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When Connecticut’s two casinos opened in the early 90s, they did so by reaching an agreement with the State of Connecticut to pay the state 25 percent of their monthly slot revenues.
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As a result, both Mohegan Sun and Foxwoods must report their total slot earnings to the state each month. In December 2010, Foxwoods earned $45 million on its slot machines, an increase of 1.2 percent over December 2009.
For example, Mohegan Sun kept 11 percent of all of the money that went into its penny slot machines, with 89 percent returned to the players. That must be why the casino has more penny slots. 5- Stick with the Flat Top Slot Machines. Slot machines can be broadly lumped into 2 different categories: Progressives; Flat tops; A flat top slot machine is a game with a jackpot (top prize) of a fixed amount. This amount is usually 1000 times the size of your bet, give or take. If you want to win penny slots, having a good slots strategy going in is key. From pet themed machines such as Kitty Glitter to retro themed multi-player machines such as the Wizard of Oz slot machine, there are millions of dollars to be made in slot machines for some lucky players who know the best strategies to win penny slots before putting a penny in.
Mohegan Sun took in $53.5 million dollars in December slot revenue. That’s a 6 percent decline over December 2009, according to The Day of New London.Local
In reporting its numbers, Mohegan Sun actually revealed some interesting information some gamblers might want to pay attention to.
Overall in December, $673,412,991 went through Mohegan’s slot machines. It’s a staggering number, referred to as the handle, by casinos. But Mohegan Sun only kept 7.94 percent of that total amount. That means more than 92 percent went back to gamblers.
What may be even more valuable information to the millions of people who drop dollars into those ringing, buzzing and screeching machines is that Mohegan Sun also breaks down which machines actually give gamblers the best odds at winning.
The casino has 6,404 slot machines scattered throughout it’s sprawling gaming floors, and as most gamblers know, you can toss your money into those machines in many different denominations. But what the casino’s December numbers show is that some of the ’cheapest’ slot machines, actually have the worst odds for patrons.
For example, Mohegan Sun kept 11 percent of all of the money that went into its penny slot machines, with 89 percent returned to the players. That must be why the casino has more penny slots, 2,532 machines, than any other type. Not surprisingly, the majority of Mohegan Sun’s slot revenue comes from these penny slots. Nickel slot machines took 12 percent, and give back 88 percent in December.
On the other side of the scale, the casino’s $2 slots kept just 2.03 percent of the money that went in, giving back just under 98 percent to gamblers. The best deal for players, if you can afford it, was the casino’s $10 slot machines, which kept a minuscule 1.77 percent of the money put into them, returning 99.23 percent to those spending their hard-earned cash.
In the middle were the casino’s quarter slots, which returned more than 91 percent of the money put in back to patrons, and the $1 machines gave back more than 93 percent to gamblers.
But for those who want to play those machines, their best bet may be to play Mohegan Sun’s multi-denomination slots. Those are machines on which a player can choose to bet in different amounts. In December, they returned 95 percent of the money that went into them. So gamblers had better odds dumping quarters into a multi-denomination machine, than playing those same coins on the quarter slots.
Slot machines often get a bad rap from gambling writers. But the truth is, slot machines are the perfect gambling activity for certain types of people. They’re easy to understand, they’re easy to play, and they offer the possibility of big winnings.
The unicorns that most gamblers are looking for in the casino, though, are the loosest slot machines. What does that mean?
When a gambler describes a slot machine as “loose” or “tight,” she’s usually referring to the payback percentage for the game. Slots with a higher payback percentage than average are loose, while slots with a lower payback percentage than average are tight. Loose slots usually have a higher hit ratio than tight slots, too.
You’ll find plenty of inaccurate information about how to find the loosest slot machines in the casino. I try to avoid most of those inaccuracies in this post, but I do want to begin with a warning:
The probabilities involved with slot machines are “opaque.” That means you don’t have any way of knowing what the payback percentage for any particular slot machine game is. The random number generator that determines the outcomes is programmed to have each symbol come up with a certain probability, but there’s no way of knowing if that number has been set to 1/6 or 1/60. Even observing a large number of spins only provides limited insight into these probabilities.
You do know what the payouts are for the various combinations. But since that’s only half the equation, you can’t really know whether a game is loose or tight except anecdotally. I’m going to assume that anecdotal evidence has some value, but in terms of math, science, and statistics, anecdotal has no value at all.1- Look for the Loose Slot Machines in the Locations Where Loose Slot Machines Are Found
Casino mapping is a real thing, but it’s not as simple as some gamblers would have you believe. If finding the loose slot machines were as easy as just playing the games located nearest the walkways, everyone would play those games to the exclusion of the other games.
That being said, it might be worth giving those games a try if they look like fun. They’re not more likely to be tighter than the other machines than any other game on the casino floor.
I’ve read that some areas in the casino have lower payout machines than others, and it might be wise to avoid games in those areas. These might include:
*The main slot machine floor. These games probably see the most action, so it would make sense for them to have lower payback percentages.
*Near the table games. These games see more than their fair share of action, too. The same reasoning would apply.
*Near the poker room. I’ve seen some gamblers swear that these are the worst machines in the casino. You have to wonder about a poker player who spends a lot of time playing slots, though.
Of course, there are other locations where the loosest machines might be located. Depending on whom you believe, these might include:
*Anywhere that gets more traffic than usual. For example, if a slot machine is located near the elevators, it might have higher payouts to attract play from someone who might not otherwise play.
*Anywhere that another gambler recommends. This is, of course, the classic mistake—relying on anecdotal evidence. It’s possible, though, that you might find a slot machine player who’s been paying close attention and knows where the loose machines are.
In fact, that leads me to my next point…2- Don’t Be Afraid to Ask
The obvious person to ask about the location in the casino of the loosest slot machines is someone who works there. This isn’t a guarantee that she’ll be able to direct you to a loose machine, but she might have some insight based on her observations. Depending on how long she’s worked at the casino, she’s probably seen tens of thousands of even hundreds of thousands of gamblers over her career there. She might have noticed that a lot of them seem to be winning on slot machines in a certain location.In fact, some casino employees even have their own favorite machines. If they play slots, they might have more insight into where the hottest machines are than you could imagine. Don’t pay much attention to the employee who tells you where last week’s big winner hit, though. That has no predictive value at all.
If you’re dealing with a cocktail waitress, it’s a good idea to tip generously. For that matter, no matter what they do at the casino, if they try to help you find a loose gambling machine, tip them. At some casinos, employees are forbidden from suggesting specific games. Sometimes you’ll find casino employees who just don’t want to be bothered with such concerns, too. Don’t be a jerk if that’s the case.3- Don’t Play Slot Machines That AREN’T in Casinos
In towns like Las Vegas, slot machines are everywhere, in all kinds of businesses. Every bar in the city seems to have some slot machines. The airport is full of slot machines, too. You can even find slot machines in the gas stations and convenience stores.
We know one thing for certain about slot machine games in these non-casino locations:They don’t pay out well. The payback percentage for airport slots in Las Vegas are the worst in the city. Bars aren’t much better, either. The owners and operators of these businesses figure they’re the only game in town and have a captive audience. So they set the payback percentages for those games accordingly.Best Penny Slot Machine To Win On Mega
Casinos, on the other hand, are competing with other casinos for the mindshare and hard-earned dollars of the casino gamblers. Since they’re in competition with the other casinos, they must offer payback percentages that are as good as their competitors’ or better.
This is one ironclad rule for finding the loosest slot machines in the casino:
ONLY play slot machines in a casino, not the slot machines in other businesses. That’s as good a starting point as any. The difference could be as significant as the difference between a 94% payback percentage and a 74% payback percentage.
Assuming you’re a conservative, low-stakes player, here’s the difference in predicted hourly loss between those 2 examples:
*Assume 400 spins per hour at $1.25 per spin, for $500 per hour in action.
*A game with a 94% payback percentage will see predicted losses of $30/hour.
*A game with a 74% payback percentage, though, will see predicted losses of $130/hour.
If that difference doesn’t seem significant to you, what are you doing playing penny slots anyway?4- Look for the Plainest, Most Boring Games with the Fewest Paylines
Generally, the slot machines with lots of paylines have lower payout percentages. They’re able to compensate for this psychologically by having a high hit frequency. With 25 paylines, you might win something on almost every spin, even if it’s an amount lower than the amount you wagered in total.
For example, you might be playing a penny game with a max bet of 5 coins and 25 paylines. You’re betting $1.25 every time you spin the reels. Many times, 1 or 2 paylines might win, but the payout on those bets might only be 50 cents. That’s a lot compared to the nickel you bet on that individual payline, but you bet on 25 paylines, remember?The human brain gets just as much of an endorphin rush from a “win” like that as it does a profitable win of more than your wager. The brain chemistry can’t tell the difference. That’s why it’s up to you make smart decisions about which games you play. If you can, find an old-fashioned looking slot machine with a single payline right down the middle. It should look mechanical, even though it’s powered by the same random number generator computer program as the other slot machines in the casino.
Since such games have no bonus features or bells and whistles, the casino can afford to have them pay out more than the big fancy games. I had a lot of fun on The Big Lebowski slot machines recently, but I can’t even imagine what such a big impressive game like that must cost a casino. The cost of the machine alone must be outrageous.5- Stick with the Flat Top Slot Machines
Slot machines can be broadly lumped into 2 different categories:
*Progressives
*Flat tops
A flat top slot machine is a game with a jackpot (top prize) of a fixed amount. This amount is usually 1000 times the size of your bet, give or take.A progressive, on the other hand, has a jackpot that grows bigger as you play. The casino is able to grow the size of the jackpot by taking a tiny percentage of each bet and applying it to the jackpot amount. That amount can be seen as coming directly off the payback percentage for the game. Even if that’s not exactly how it works, when you think of how a payback percentage works, it might as well work that way. You won’t get rich playing flat top machines, but you’ll lose less money on them in the long run.
For that matter, you probably won’t get rich playing progressive slots, either. The odds of winning the jackpot are just terrible, comparable to playing the lottery. Sure, some people win the lottery. But I can’t imagine playing a game with a house edge that large repeatedly, hundreds of times per hour.6- Play the Highest Denomination Game You Can Afford
You’d probably be surprised to know that penny slots are often as expensive to play (or even more expensive) than dollar slots. Here’s why:
Most penny slots require you to wager 5 credits or more per spin. It’s also hard to resist betting on multiple paylines. It’s easy to find a game with 5 coin bets on each line and with 25 paylines. Before you know it, you’re betting $1.25 on every spin.
But you could switch to a dollar slot machine and probably do a lot better. For one thing, you could just bet a dollar per spin on a single payline. Now you’re betting less per spin than you were on the quarter machine. But what’s really impressive is the difference in payback percentage.According to The American Casino Guide, the average payback percentage for penny slots on The Strip in Las Vegas is 88.49%. On the other hand, dollar slots on The Strip average 92.63%. That’s a difference of roughly 4%, but what’s the difference in your bottom line?
Suppose you play 600 spins per hour on that penny machine. You’re putting $750 in action each hour–$1.25 per spin multiplied by the 600 spins per hour. With an 88.49% payback percentage, in the long run, you’ll average $663.68 back per hour. That’s an average loss per hour of $86.33.
No play those same 600 spins on a dollar machine, betting only a dollar on each spin. That’s $600 in action multiplied by 92.63% to get an average payback amount of $44.22. You’ll lose HALF the money on the dollar slot as you would the penny slot! That’s a significant difference, and one you should take note of.
Just be careful and read the pay tables. Slot machines vary a lot from one machine to another, and you should always play enough coins to activate the biggest jackpot. If the ratios change based on playing for fewer coins, you want to avoid that game or bet max coin. You might be surprised at how many slot machines DON’T require you to place a max coin bet, too, though.7- Try Online Slot Machines
Since online casinos don’t have all the brick and mortar expenses of land-based casinos, their games sometimes offer higher payback percentages. You must balance this with the trustworthiness of the casino, though. Some internet casinos are notoriously hard to cash out of.
Of course, if you stick with the casinos recommended on this site, you probably won’t have to worry about that. Our team of casino reviewers and researchers has thoroughly vetted the properties we list here on our site.
And if you take how competitive they are as a measure for how loose their games must be to attract customers, you’ll find that the casinos on the web are even more competitive than the casinos in Las Vegas.8- Track Your Results and Make Some Assumptions
I recently visited a casino and tracked my results carefully on a machine. Of course, there’s nothing especially scientific about 200 spins on a machine, but you’re still operating from more data than most players if you do this.
It’s not hard to project a payback percentage, either. Start by writing down how much money you put in the machine. Then count how many spins you make on that machine. When you cash out of the machine, take a note of how much you’ve lost. You multiply the number of spins you made by how much you were betting per spin. You divide the total amount of money you lost by how many spins you made. Then you know the average loss per spin and can convert it into a payback percentage.
In my case, I was betting $1.25 per spin, so I put $250 in to action over 200 spins. I lost $50, which amounts to 25 cents per spin. 25 cents divided by $1.25 is 20%, which is the house edge. The payback percentage is the amount you get to keep—in this case, 80%. (You just subtract it from 100%.) Your goal is to find a payback percentage that’s better than average. Tracking your results this way also makes playing slot machines more interesting, because you have something to pay attention to.There’s no scientific way to find the slot machines with the best payback percentage—the loosest slot machines. We have some ideas that are something more than guesswork, but they’re also a far cry from anything scientific.You can follow every piece of advice in this post and still lose more money at slot machines than you ever thought possible. My suggestion is to keep a careful budget for your gambling, and only play with money you can afford to lose.
Gambling at a casino—especially on slot machines—should be considered an entertainment expense. Budget for it accordingly, and if you occasionally win, great. But don’t count on it.Super Bowl LV MVP Betting Odds and Prediction2020-2021 NBA Season Team Win Totals Betting Odds and Predictions2020 Turkish Grand Prix Betting Preview2020 Emilia-Romagna Grand Prix Betting Odds and PreviewBest Penny Slot Machine To Win On Slot 1 Comments Best Way To Win At Slots
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I asked if San Manuel had a 5 cent Cave Man slot and it went all around but did not answer my guestion . Thank you you were informative play for fun .How To Win At Penny Slot Machines Leave Your Comment
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