Home Online Casinos Casino Articles 7 Best Progressive Slot Machines. The 7 Best Progressive Slot Machines in the World. Wheel of Fortune Five Dollar is a $5 slot machine that requires two coins, or $10 bets, to qualify for the jackpot. After a jackpot hit the base is reset to $1 million. 'Although individual results are random, the best overall strategy is to select Take Offer If the 1st offer is at least 50 If the 2nd offer is at least 45 Or if the 3rd offer is at least 35' (This photo of the game info screen is from the Top Dollar machine in the high limit room at Aliante.).
Remember the movie National Lampoon’s Vegas Vacation, when gambling fever consumes Chevy Chase’s character, Clark W. Griswold? He goes on a losing streak to beat all losing streaks while his son, Rusty, wins four cars by playing the slot machines. Maybe Clark would have done better if he had read Probability For Dummies! In this article, you discover the basic ideas behind slot machines and how they work, so that you can get past the myths and develop a strategy based on sound probability.
Understanding average payout
When casinos advertise that their slot machines pay out an average of 90 percent, the fine print they don’t want you to read says that you lose 10 cents from each dollar you put into the machines in the long term. (In probability terms, this advertisement means that your expected winnings are minus 10 cents on every dollar you spend every time the money goes through the machines.)
Suppose you start with $100 and bet a dollar at a time, for example. After inserting all $100 into the slot, 100 pulls later you’ll end up on average with $90, because you lose 10 percent of your money. If you run the $90 back through the machine, you’ll end up with 90 percent of it back, which is 0.90 x 90 = $81. If you run that amount through in 81 pulls, you’ll have $72.90 afterward (0.90 x 81 = 72.90). If you keep going for 44 rounds, on average, the money will be gone, unless you have the luck of Rusty Griswold!
How many pulls on the machine does your $100 give you at this rate? Each time you have less money to run through the machine, so you have fewer pulls left. If you insert $1 at a time, you can expect 972 total pulls in the long term with these average payouts (that’s the total pulls in 44 rounds). But keep in mind that casinos are designing slot machines to go faster and faster between spins. Some are even doing away with the handles and tokens by using digital readouts on gaming cards that you put into the machines. The faster machines can play up to 25 spins per hour, and 972 spins divided by 25 spins per minute is 38.88 minutes. You don’t have a very long time to enjoy your $100 before it’s gone!
The worst part? Casinos often advertise that their “average payouts” are even as high as 95 percent. But beware: That number applies only to certain machines, and the casinos don’t rush to tell you which ones. You really need to read or ask about the fine print before playing. You can also try to check the information on the machine to see if it lists its payouts. (Don’t expect this information to be front and center.)
Implementing a simple strategy for slots
Advice varies regarding whether you should play nickel, quarter, or dollar slot machines and whether you should max out the number of coins you bet or not (you usually get to choose between one and five coins to bet on a standard slot machine). In this section, you’ll find a few tips for getting the most bang for your buck (or nickel) when playing slot machines.
Basically, when it comes to slot machines, strategy boils down to this: Know the rules, your probability of winning, and the expected payouts; dispel any myths; and quit while you’re ahead. If you win $100, cash out $50 and play with the rest, for example. After you lose a certain amount (determined by you in advance), don’t hesitate to quit. Go to the all-you-can-eat buffet and try your luck with the casino food; odds are it’s pretty good!
Choosing among nickel, quarter, and dollar machines
The machines that have the higher denominations usually give the best payouts. So, between the nickel and quarter slots, for example, the quarter slots generally give better payouts. However, you run the risk of getting in way over your head in a hurry, so don’t bet more than you can afford to lose. The bottom line: Always choose a level that you have fun playing at and that allows you to play for your full set time limit.
Deciding how many coins to play at a time
When deciding on the number of coins you should play per spin, keep in mind that more is sometimes better. If the slot machine gives you more than two times the payout when you put in two times the number of coins, for example, you should max it out instead of playing single coins because you increase your chances of winning a bigger pot, and the expected value is higher. If the machine just gives you k times the payout for k coins, it doesn’t matter if you use the maximum number of coins. You may as well play one at a time until you can make some money and leave so your money lasts a little longer.
For example, say a quarter machine pays 10 credits for the outcome 777 when you play only a single quarter, but if you play two quarters, it gives you 25 credits for the same outcome. And if you play the maximum number of quarters (say, four), a 777 results in 1,000 credits. You can see that playing four quarters at a time gives you a better chance of winning a bigger pot in the long run (if you win, that is) compared to playing a single quarter at a time for four consecutive tries.
The latest slot machine sweeping the nation is the so-called “penny slot machine.” Although it professes to require only a penny for a spin, you get this rate only if you want to bet one penny at a time. The machines entice you to bet way more than one penny at a time; in fact, on some machines, you can bet more than 1,000 coins (called lines) on each spin — $10 a shot here, folks. Because these machines take any denomination of paper bill, as well as credit cards, your money can go faster on penny machines than on dollar machines because you can quickly lose track of your spendings. Pinching pennies may not be worth it after all!
Are you a gaming enthusiast? What would you prefer: playing slots for fun or playing Dollar slots that you love and at the same time earn real money doing what you love? It is pure logic that anyone especially if you are using the money to play slots that you also get something back, get your money back in the form of bonuses or even wins.
Dollar Slots Versus Penny Slot Machines
Fortunately, that is what some slots will offer you. Dollar slots online will give you the opportunity to earn some money for taking part in them. But what type of slot machines are dollar slots online? How different are they from other popular slots? And perhaps the last question, how will you play dollar slots online with the intention of making it to the wins?
Play Dollars Slots Online For Fun
To start with, it is important that you know what you are taking part in. It is not just healthy to know what you are doing, but it also helps you to be able to tell others so that they can make informed choices. As the name suggests, dollar slots online are those slots whose minimum amount of betting has been set at $1.
According to many, a game that has a minimum of a dollar is an elite game. In fact, it is considered a high denomination game in that the prospect of getting something big in return is inevitable. To that end, it is not a bad thing to try to up your game by taking part in such slot machine games where you are sure that although you have used a good amount of money per spin, chances of landing on something reasonable are high.
As such, dollar slots are perfect for players who are bored by quarter slots but at the same time cannot afford the $5 slots. There is one thing though that you need to know. It is important to have it at the back of your mind that on many games, you’ll be making more than just one wager on one pay line. That is why; many modern slot machines usually may bet many coins on multiple lines.
That then means $1 slot machine could cost you a significant amount of money per spin, a situation that when many people think of, they cease from taking part in the slots.
Play With Winning View
There is something more that you need to put in mind before you play dollar slots. Professional gamers warn that it is critical to take your time before you decide on the kind of slots you want to take part in. Why?
It is simple logic. Every step in life has both the good and the bad. In fact, others have good, bad and ugly scenarios that you wouldn’t like to be part of.
Simply put, don’t just walk up to a dollar slot machine and insert your $100 and press ‘MAX BET.’ It might turn out to be detrimental to you. In other words, take a closer look at the machine to make sure you can afford the max bet.
