Search site

News

MGM, Caesars and Red Rock Revenues Rise as Vegas Casino Sector Thrives

09/11/2016 02:02
The strength of the casino market on the Strip is brightening up financial reports, as are domestic markets in general. (Image: Gavin Hellier / Getty Images) A booming Las Vegas Strip helped Nevada’s casino giants to a positive Q3, as MGM Resorts International, Caesars Entertainment Corp and...

Hard Rock Casinos Looks to Rock ‘N’ Roll Into Japan

09/11/2016 02:01
Rock ‘n’ roll was cultivated in the United States, but Hard Rock is hoping to take its casino act to Japan. (Image: Chris Harris/thetimes.co.uk) Hard Rock Café International Inc. is the latest casino company in the United States to set its sights on Japan. The privately owned Florida-based...

Downtown Grand names 4 new executives

21/09/2016 11:38
    A view of the lobby following an official opening ceremony for the Downtown Grand in downtown Las Vegas Tuesday, Nov. 12, 2013.   The Downtown Grand has a slate of new executives. Management announced today that Marie Ramsey was hired as chief financial...

California Indian Tribe to Test Online Poker Laws in Opening Website

17/09/2016 18:41
    Instead of waiting for the California General Assembly to enact regulations for online poker in the state, an Indian tribe in the state has taken the bold step of opening up their own online poker room that will test several state and federal laws. Late last week, the...

BetOnSoft rebrands to Saucify

17/09/2016 17:36
  LONDON -- (PRESS RELEASE) -- Cutting-edge casino games provider BetOnSoft today announces that it has rebranded to Saucify. The new brand name is evocative of adding sauce to a dish to make it more exciting and flavorsome, exactly what Saucify has been doing for the past eight years in the...

IGT-GTECH deal called plus for industry

17/09/2016 17:34
    LAS VEGAS -- IGT - International Game Technology’s $6.4 billion buyout at the hands of lottery giant GTECH Corporation was all about timing. After years without consolidation of the manufacturing side of the gaming industry, the deal between Italy-based GTECH and Nevada-based...

Card Player Poker Tour to make stop at Bicycle Casino in Southern California

10/09/2016 17:33
  (PRESS RELEASE) -- Card Player Media has announced that he next exciting stop on the Card Player Poker Tour will take place at the Bicycle Casino in Bell Gardens, California with a nine-tournament series beginning September 21. The highlight of the series will be the $1,000 no-limit...

 

So when I tell you that slots are luck and not skill, you now know the reason. However, there are some things that can be done by way of money management to affect your play. You can increase your probability of winning larger amounts by selecting $5, $10, $25 slots, or winning more often by playing cheaper slots with low to medium pay outs.

Many online casinos give you a bonus of money when you deposit funds into your account to play. The amounts vary, but 10% per deposit is not unusual. If you just want to sit back and play in a relaxed manner many of the casinos have a nickel bet on their slots.

The online slots are designed to pay off at rates between 85% to 97%. Keep in mind this does not mean that you can only lose the amount of money the machine is designed to hold back. It simply means that over a very long period of time with infrequent jackpots the unit pays off at this rate (you will lose 15% to 3% in the long-run). As stated, it is widely believed that the highest paying slots are the ones that require the largest amounts to play, and the worst paying ones are the nickel and dime ones.

Another approach to a better pay off is when you have the option of choosing 1 to 5 coins, always select the maximum. When you have the option of lines, play the maximum number (these give you multiple ways to win). Also if the online casino offers bonus points or has a players club, it is usually best to take advantage of the offer.

 

Going To A Real Casino

Playing the slots at a real live casino gives us certain opportunities that we do not have online. But always keep in mind that a computer chip is generating random numbers that determine the out come of the bet. The bells, whistles and spinning wheels are just for show. It’s luck and not skill that makes the wheels go around. The outcome is exactly the same if you pull on the mechanical slot handle, or press the spin button.

It’s a funny thing, but no matter what I would say about the odds or the payoffs, people just love playing the slot machines. That is why the casino devotes so much room to them. The very same payouts apply to the casino slots as the online ones - 85% to 97%. Just as with the online slot machines, there is no guarantee of these payouts in the short term. It is also true that the higher amount slots pay off better than the lower amount machines.

How to Pick the Best Slot Machines

Obviously, it is better to play on a looser payout slot. Here are two suggestions on how to locate them. Play where the locals play. The idea being that they know where the looser slots are to be found. If you can’t find a local, check with the hotel staff as to where they, or their friends and relatives play.

Some casinos have a raised area loaded with slot machines. Often these units pay well because when they do, it puts on a show for the casino patrons. Casinos have been known to put looser slots in well traveled areas to attract people to play.

Progressive Slots

Another attractive aspect about slots is that when you bet $5 at 21 and you get a blackjack you win $7.50, but your $5 bet on the slots can win you thousands. Many of the slots have a progressive payout, which means as the play on the machine increases the jackpot raises. Sometimes they link a few slots together to raise the jackpot. Betting the maximum number of coins on a spin will enhance your chance of winning. Usually the choice is between 1 and 5 coins. The odds are very low, but you can literally win millions if you hit the jackpot on some progressive payout slot machined.