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You want to play for 1 hour = 60 x 60 = 3600 seconds. If one round takes around 4 seconds, then you actually want to play 3600 / 4 = 900 game rounds. Check your budget and divide it by the number of rounds you calculated in the previous step. If your budget is $100, then $100 / 900 = $0.11. Stop second-guessing yourself. Every casino game offers you a fair chance of winning. Most people who play casino games are familiar with this classic gambling game, virtual casinos would spoil loyal customers with such bonuses. Should i play slots or cards and table games disneySlot Online Terpercaya ini memiliki 2 Jenis games slot online terbaik, and wins featuring one or more gold dragon will be multiplied by six. Slots are amongst the most popular casino games throughout the world, both in land-based and online casinos. Slots are almost entirely down to chance, meaning there is very little strategy.
Gambling is taking a risk of losing something of value on an unpredictable outcome. When you gamble at either an online or land based casino both you and the casino take a risk in losing something of value. The risk is greater for you because the casino only offers games that provide a statistical advantage to the casino.
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However, much statutory and some case law has been devoted to ensuring that casinos and players don’t cheat each other by subtly altering the conditions of gambling games without each other’s knowledge and permission. You can, though, change the terms of the game. The casino often provides a way for you to do this.
But should you take the offer?
There are two things you need to understand before you can start improving your chances of winning when you gamble. First, you can change the outcome of a gambling game. Second, you will almost always confuse yourself if you try to do the math. These two most common of gambling mistakes help the casinos earn tens of billions of dollars every year.
How You Change the Outcome in a Gambling Game
Many casino gambling games allow and even encourage players to change the stakes, the odds, and even the percentage chances of winning. Here are a few examples of how you can change the outcome of a gambling game (almost always for the worst).
Say you are playing a slot machine game and you win a prize on a spin. A special “Gamble” button lights up. You are now prompted to play a secondary game, maybe betting on the outcome of a virtual coin toss, using the prize you just won as the stake in your new bet. This is an exciting feature. It also means you are risking the loss of what you just won on a game with a better “edge” for the casino.
Most slot games have a theoretical return to player above 75%. Games developed after 2010 usually have better than a 90% theoretical return. The RTP is an estimate of how much money would be retained by a hypothetical player who spun the reels continually for a period of several years. It’s not a realistic estimate of how much money you will win, lose, or hold on to. It’s a statistical measurement used to gauge how friendly the game is to the gambler.
In a coin toss the theoretical return to player is 50% or 1 in 2. So let’s assume you just gambled $5 on a spin in the basic slot game and that you won $10. You have doubled your money. Now the “Gamble” light activates and you are invited to take your $10 and bet it on the outcome of a coin toss. And suppose the “Gamble” feature allows you to wager on the outcome of two concurrent coin tosses. Now you have a choice: bet on 1 coin toss for a chance to double your $10 to $20 or bet on 2 concurrent coin tosses for a chance to quadruple your money.
Your chances of winning the double concurrent coin toss are 25% or 1 in 4.
You would have a better chance to keep your $10 prize and just spin again on the basic game. By taking the “Gamble” challenge you improve the casino’s chances of winning your next bet. It’s like paying $5 for a quarter of pie at one restaurant and then paying another $10 for an eighth of a pie at a different restaurant. Are you really getting a better piece of pie at the second restaurant?
In the game of blackjack if the dealer offers you insurance most experts tell you not to take it. Why? Because you are betting that you will lose your basic wager. The chances of being correct (that the dealer has a blackjack) on your insurance bet are worse than the chances that you can beat the dealer’s hand (your original wager).
The bottom line here is that casinos will sometimes offer you ways to change your stakes and your chances of winning to their own benefit. If you want to win at gambling, don’t take the deal behind door number 2. Stick to your original game and be consistent. Let someone else win the goat.
How to Confuse Yourself at Any Gambling Game
There is a certain idea among gambling experts that comparing the “house edge” in various gambling games helps you to make informed choices. The edge is a theoretical return to the casino, the complementary percentage for the theoretical return to player. In other words, in every form of gambling, there is only a 100% allocation of money. Gambling does not generate new wealth; all gambling does is pool wealth between the bettors and redistribute that wealth between the bettors (and sometimes also a middle man).
In the 1-on-1 game of blackjack there are only 2 bettors in your game: you and the casino. The casino is willing to pay up to the full amount of your bet if you win. It’s an even money match up, and that is really what makes blackjack so profitable for a casino. They risk less per round than they do with, say, roulette or a slot game. But if you have been reading blackjack tutorials you should know by now that the house edge is lower in blackjack than in other games, and therefore you have the best chance of winning in blackjack.
In fact, the dealer has a better chance of coming out ahead because at a busy table the dealer is playing multiple hands at once by the most conservative of rules. In other words, the casino is taking less risk per round in blackjack than the players while at the same time multiplying its chances of winning.
Players make mistakes when playing blackjack. Blackjack dealers don’t have to make hard decisions. In fact, by always going last the dealer often doesn’t have to make any choices at all. The players make most of the decisions in blackjack. And yet blackjack remains profitable for the casinos. The casinos are profiting from player mistakes.
Players make several types of gambling mistakes. One of the most common mistakes is to confuse the probability of winning with the theoretical return to player. The probability of winning is limited to the next round of play. The theoretical return to player is an estimate of what all the players of a game will collectively receive over the life of a specific game (or an arbitrarily large number of rounds in the game).
The rule of thumb is that the more rounds played for a given game the more the actual results of that game will average out close to the theoretical return to player (or the house edge).
But what are the chances of your drawing a natural blackjack on the next deal? What are the chances that the dealer will not win against you on the next deal? These are probabilities that can be computed on the basis of how many cards are left in the shoe, less the cards that have already been played. Those probabilities change as more cards are played but they rarely if ever line up with the theoretical return to player.
The mistake players make is assuming that the house only has a 2.5% chance of winning the next round. The dealer’s chance of winning that next hand can be as high as 100% and as low as 0%. The house edge is always irrelevant with respect to any individual round played on any gambling game from keno to slots to blackjack to baccarat.
When you gamble, it’s nice to know how much money the house is expected to retain over the next 30 days but that won’t help you predict how much you win or lose in any of the next 10 rounds of play.
Expert gamblers like to calculate probabilities but probabilities do not predict the next round’s outcome. The roulette wheel always has a 1 in 37 or 1 in 38 chance of landing on any given number. The chance that the ball will land on number “7” 100 times in a row remains 1 in 37 or 1 in 38. That never changes (allowing for truly random spins, although the laws of physics mandate that the spins won’t be completely random).
On the other hand, what is the expected probability of a random spin of the roulette wheel producing “7” 100 times in a row? This is where you multiply your individual spin probability (1/3x) by itself the number of times in a row (100 in this case). The expected probability of the wheel hitting “7” 100 times in a row is 1.51296e-157 (a very, very small number). But that low probability has no bearing on the probability of the next spin.
This is the dichotomy of probability theory, where you are dealing with large sequences of independent events. The expected probability does not mean you cannot or will not see the unlikely outcome. In this hypothetical example, we are simply computing how many possible outcomes there are and assuming the chances of producing the same result 100 times in a row are equivalent to a certain percentage of those possible outcomes.
Unfortunately (even semi-) random events have a way of defying the probabilities. But if someone offers you 100-to-1 odds that a roulette wheel will land on “7” 100 times in a row, verify their ability to pay and take the wager. They lose as soon as a different result turns up before the 100TH spin.
The bottom line here is simple: don’t try to do the math like an expert. Random chance will always eventually prove the experts wrong.
What You Must Do to Improve Your Chances of Winning
Here are a few basic rules for improving your chances of winning when you gamble.
- Stop second-guessing yourself.
Every casino game offers you a fair chance of winning. The games, when played fairly and legally, pay prizes that correspond to the expected probabilities of given outcomes, although casinos will hold back a little bit extra in most games to ensure they make some money. Hence, in roulette, the most you can win is 36-to-1 instead of 37-to-1 or 38-to-1.
The odds are always stacked against you. But random chance favors the fool, as the old saying goes. You just cannot guarantee you are the fool upon whom random chance showers its favors.
- Take the least possible risk.
In a hypothetical game where you win 100 rounds out of 100 rounds, you will kick yourself if you only wager $5 on each round for the chance to win $5 instead of wagering $100 on each round for the chance to win $10,000 on each round.
In reality, positive thinking doesn’t work when you gamble. The more you assume you could win the more you are likely to lose when you do lose.
Risking less does mean you win less per round but that’s okay.
- Manage your money so that you play as many rounds as possible.
You are more likely to win back $100 in wagers if you divide them into twenty $5 wagers than if you divide them into five $20 wagers.
Instead of playing numbers games (which is second guessing yourself) or assuming you will win a certain number of times (which is taking more than the least possible risk) you should assume you are going to lose more rounds than you win. When you play slots or even a modest keno game (like a 5-pick) you can still come out ahead when you play more rounds with small wagers than fewer rounds with large wagers.
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But how does playing conservatively work in blackjack, when the average prize is an even money bet? If you lose only 49% of the rounds in blackjack you lose. Okay, smart guy, you know you need to double down a few times. Instead of playing numbers games and assuming you can lose X number of hands and double down on Y hands, just accept that once in a while you’ll have to double down to improve your chances in blackjack.
When should you double down? The experts agree that if the dealer is showing a 5 or 6 and you have an ace and anything less than a 7.
You don’t need to double a lot as long as you can double enough to come out ahead.
- Don’t try to win big.
That’s the real fun in gambling, though, isn’t it? You want to win the jackpot, hit the long odds, and outwit the dealer at every hand.
Going for the big win is the worst possible way to gamble. You may not be playing all-or-nothing but you are playing too much.
Still, you can adjust the amount of your wagers upward if you are doing well. Just keep them proportionate to your bankroll.
- Use a consistent percentage ceiling in your wager to bankroll ratio.
Although it is prudent to limit your initial wagers to 5% of your original bankroll, at some point you may double or triple your money. Does it make sense to continue playing by the original 5% measure?
Most gamblers will feel confident enough to increase their wagers. But while it’s usually good advice to ignore all betting systems when you gamble (because each has its flaws), you can set a limit of “5% of your current bankroll down to half”, meaning you gamble with $5 bets until you lose half the money you came in with.
If you double your money then you can double your wagers as long as you don’t go above 5%.
Five percent is not a magic number. You can set the percentage at 1%, 5%, 15%, or even 20%. You should be consistent about not going above your percentage. You still have the flexibility of making larger wagers if you roll up your money.
- Divide Your Bankroll At Certain Split Points.
This technique works best in land-based casinos, especially when you can put your money into tickets that are easy to carry around. A split point is a multiple of your bankroll. Say you begin gambling with $200 and you roll that up to $400 at the craps table. Now take half your money and put $200 of it into a ticket.
You can continue playing craps with the remaining $200 or you can try another game. When you roll up your second $200 to $400 again you split the money into another ticket plus money to play with.
After you have 3 or 4 tickets you can rotate them. Never play a ticket all the way down. Leave at least a few dollars on it so you can leave the casino with some money (and a little dignity).
When you gamble online it makes some sense to shift money from the game balance back to your main account. As long as you have money in your game account you should be good. It helps you to stay focused on conservative betting if you take money out of the game when you get ahead of your original bankroll.
- Play with Casino Bonus Money Whenever Possible
Land-based casinos may not offer you signup bonuses but many online casinos do. Play conservatively with the casino bonus money to increase your chances of fulfilling your wagering requirement with just the bonus money. While that won’t always happen the longer you can delay putting your own money into the game the better the chances you’ll start winning.
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You can try this strategy with the “no deposit” welcome bonuses some casinos offer but they do limit how much credit they extend to you. You have more bonus money to work with when you accept a deposit match bonus.
- Stick to the Basic Game.
Whether you play slots, craps, roulette, or blackjack the less complicated you make your game the less likely you’ll place dumb bets.
The casino is counting you to make dumb bets. You should count on the casino to be less than generous with its odds on the best most likely to pay off.
There are few progressive wagers that are worth the money. The more you throw into a round the harder it will be to recover from a loss.
In craps bet on Pass or Don’t Pass and play the odds but keep it simple.
In blackjack bide your time and don’t split every time you get a pair of cards of the same value. Should you really split two 5 cards when you’re showing 10 on the table? Should you split two tens? Two nines? You have three options: play the basic game, double down, or split. On some tables you may be able to surrender if you don’t like the dealer’s cards but look at the strength of your cards first and your options for splitting second.
- Assume the free games are more generous than the paid games.
When you have a chance to “try before you buy” at an online casino the free game just may be slightly more generous than the paid version. There are several reasons why this might happen. If you can check the theoretical return to player for a free game and the paid version, look for differences.
Does the free game run on a different server? The different server may be using a different random number generator, a different random seed number, or a different estimated percentage for the theoretical return to player. Variations in all these things can affect the randomness of the outcome of the game.
- Play low variance games.
Sad to say, but the less volatility there is in the prize to wager ratio of a game the more likely it will pay you prizes. Volatility is an important measure for a casino because it needs to know how much cash to keep on hand. But you need to know how long you may have to play a game before you win a nice prize. That is where the variance comes into play.
Think of variance as “how much any random outcome of a game varies from the average expected outcome”. There is a relationship between variance and volatility (in fact, some gambling writers use these terms interchangeably). The casino cares more about the volatility and the player cares more about the variance.
How do you judge variance? It comes down to how long you can play the game with your initial bankroll. A low variance game has a tendency to take less of your money.
Hence, as noted above, you can affect the variance of the game in a limited way by playing conservatively and ignoring the extra bets the house offers.
Conclusion
Think of gambling as an endurance race between the bettors. Whoever can go more rounds wins the most money, unless random chance steps in and hands a big win to the individual gambler. Then gambling is more about who has the most self-discipline. The casino is playing a numbers game and just has to be there with enough cash on hand to keep the games going. The player has to have the wisdom and the self-discipline to walk away with the cash.
Harvard Medical School published a trove of data about online gamblers that was collected from 2005 to 2007 by an online casino (Bwin). Researchers who studied the data concluded that about 11% of gamblers were likely to win and that winners were more likely to play less frequently. Subsequently, researchers from the University of Michigan and the University of Connecticut compared that analysis to their own analysis of data from a Native American casino’s database. The second study found that about 13.5% of the land-based gamblers were winners.
The good news for most gamblers is that fewer than 5% of them contribute about 50% of the casino’s net revenue, and about 10% contribute 80% of the casino’s revenue, so most gamblers are not big losers. That means approximately 80% of gamblers share the burden of about 20% of the casino’s net revenue between themselves. Given that most people cannot lose enough money (for lack of wealth) to drop into the lower 10% (the Big Losers) changing how one gambles increases an individual’s chances of moving into the upper 10%.
Gamblers with little wealth to lose should still learn to make better choices. You cannot guarantee you will win but you can always cut your losses short or take fewer risks. Gambling is more fun when it is just entertainment. If your losses amount to no more than what you would spend on other types of entertainment such as concerts and travel, then have fun.
Please enable JavaScript to view the comments powered by Disqus.The first pit stop in Las Vegas for most visitors is usually a casino. Whether you are an experienced player on the casino floor or just starting, slot machines are the most profitable and entertaining games available.
Slot machines have proven to be popular among players time and time again. Casinos and other entertainment facilities are profiting tremendously from the revenues collected from slots.
The Nevada Gaming Control Board reports that the Las Vegas Strip contained over 160,000 slot machines in 40 different locations in 2019, generating revenues reaching almost $270 million per month.
While these numbers are beneficial to the establishments and their operators, slot machines are also known to be the most profitable game in a casino for the user.
Slot machines, on average, have an RTP, or return to player, between 75% and 98%; in other words, for every dollar a player spends, the slot machine will yield about 75 to 98 cents right into their pocket.
Even with the high RTP and revenue, Las Vegas and other cities famous for their casinos fill their halls with slot machines because anyone can press a button.
Commitment is never a priority; the player can put down a small individual bet. A poker face is never required, neither is real skill, to win big.
However, research is still encouraged to profit off of slot machines at the highest level, such as reading on user experience on specific games and reading the RTP at each Las Vegas casino.
Return to player is perhaps the most critical factor in picking the best slot to play in Vegas. The higher the RTP percentage, the more likely the slot will payout.
An amateur way to discover a slot’s RTP percentage is to test it with a bet. If a slot claims to have a 94% payout, then after a $100 bet, the payback would equate to about $94. While this may seem straightforward, this method does not fit every player.
Checking message boards and online threads, as well as comparison sites containing slots reviews, are a great way to find the best slots in Vegas. Notable websites encourage players to share their experiences with slot machines; most of their reviews focus on the amount of cash they get to keep after playing.
Another tip to finding one of the better slots offered in Las Vegas is to look for promotions. By signing up to the casino’s player’s club, customers can access unique games, receive free slot plays, and gain eligibility to have freebies on their next visit.
Benefits are significant, especially when the rounds on the slot machines are free, increasing the already high payout.
The most profitable slots are coined as “loose slots” because they pay out the most amount of money to the player and are thus very desirable among customers.
A feature of profitable slot machines called “progressive jackpots” has become a popular way to transform a couple of hundred bucks to millions.
Progressive jackpots offer prize money compared to the national lottery games, which can easily make a millionaire in a single evening.
According to the Nevada Gaming Control Board, the dollar slots pay back an average of 95% of receipts, 25 cent slots payout 93% on average, and 5 cent slots give back 90% to the players.
The payout from slots at the downtown or other off-Strip locations is one or two percent higher than those on the Strip. Hotel-casinos frequented by locals, such as Sam’s Town, pay better than the tourist hotels in the city. Nevada residents well know that fact when they consider which facilities contain the best slots in Vegas.
Moreover, the newer and more luxurious hotels are known for having the overall poorest RTP percentages.
Some of those hotels include the Bellagio, Venetian, Mandalay Bay, and the new Wynn Las Vegas. Since the amenities of these hotels are off the charts, slot machines do not have to be the most profitable asset (at least to the player).
However, some of these lavish hotels offer great prizes and entertainment that makes a higher payout from the slot machine. The Bellagio, for example, provides a slot tournament with 2,300 games as options. From jackpots and progressive features, the Bellagio slot machines can grow small bets into millions.
Generally, the best slots in Vegas are located in the older properties of the North Strip.
Slot machines may look flashy and modern, especially themed slots, but that does not mean they have the highest payout. The more traditional and old-looking games may be a better money’s worth.
Much like the endorphin rush of a “win,” a good-looking slot machine can trick the brain chemistry into wagering more money than intended. With that in mind, a simple-looking slot should be considered to help players gamble responsibly and win big.
Rather than always playing Star Wars or Avengers slot machines, players should have an eye out for the more dated and less appealing slot machines available on the casino floor. Many of them have substantial RTP rates and have stood the test of time.
One of these seemingly unappreciated slots is housed in Slots-a-Fun at Circus Circus Casino in Las Vegas. The selection includes classics, such as “Double Diamond” and “Red, White, and Blue.” Although they are not the flashiest, they are the best slots in Vegas.
Slots-a-Fun is a classic and exclusive casino that incorporates slot machines paired with an arcade, pool tables, bowling, and other forms of entertainment. Their slots have been proven time and time again as the machines to make the next big Vegas winner.
As mentioned before, these slots are not located conveniently for the tourists on the Strip. A general rule of thumb to follow: the more touristy the casino, the lower the payback on the slot machines.
While the Las Vegas Strip has a win percentage of about 8%, the slots in Reno and Boulder have a more generous casino wins of around 5%.
Some of the casinos located in Reno, Boulder, and North Vegas include Eastside Cannery, Sunset Station, M Resort, Jerry’s Nugget, Texas Station, and Boulder Station.
Geographical location should not be the only consideration when looking for great slots. Some veteran gamblers and websites claim that corners within a specific casino itself have some of the better slot machines.
High traffic areas, such as near elevators, a front desk, aisles, showrooms, registration areas, etc., contain the loosest slots in the casino.
Some people do not even have to go to a casino to access a slot machine. An entertainment facility is perhaps the unrivaled source to use for the best slots in Vegas.
Airports, convenience stores, and grocery stores are the first locations to avoid playing slot machines. Even though the majority are in clean and well-run establishments, they do not offer significant returns with their slot machines.
What these three different places have in common is that under Nevada law the slot machines in airports, convenience stores, and grocery stores are entirely controlled by large corporations.
With that in mind, it should not be surprising that the slot machines in these facilities provide a much lower payout percentage than the typical slot found in a Las Vegas casino.
Even though convenience store owners can obtain a lease or purchase of slot machines, the Nevada law changed in favor of larger corporations having control over the slots and their payouts.
Nevada grocery stores are the only place that can legally provide slot machines because they have leased the space through a larger company. Although they can offer marginally better odds than the former two, grocery stores should still be avoided when it comes to slot machines.
The loosest slot machines in the past 12 months have been Megabucks and penny slots. Megabucks had the tightest slots at over 11% casino win percentage. Penny slots are the most popular denomination, even though their win percentage is not the most generous.
Megabucks offers some of the best slots in Vegas with the highest winnings. In 2014, a man playing a Megabucks slot machine in Rampart Casino hit a $14 million jackpot after playing for five minutes on a $20 bill when the slot paid off.
This payout is not the only one from a Megabucks machine. Megabucks has produced life-changing jackpots for multiple players for over two decades.
Their slogan markets the casino’s accomplishments perfectly: “Dream big. Win big”. Even with players only spending a $1 for a spin, there is always a chance of the jackpot prize of $10 million.
In addition to Megabucks and Slots-a-Fun, there are plenty of casinos offering some of the best slots available in Las Vegas.
Many websites report O’Shea’s, Stardust, and older casinos located on the north side of the Strip as the places to visit for great and profitable slot machine winnings.
The casino nearest to offering the loosest slots in Las Vegas is Palms resort, which has an average game payout percentage of about 94%.
Lower payout slot machines also have distinct locations on the casino floor. Some of those include the leading slot machine on the floor, those near the table games, and close to the poker room. Since all of these areas have too much action, either from different games or other slots, the RTP does not have to be too high.
Furthermore, it is better to be aware of which specific slot machines should be avoided. The reason behind it is the exact opposite as to why the already mentioned slots are the best: the worst slots have a low percentage of payback.
Several slots have unfortunately been added to the universal list of worst slots found in Las Vegas, such as Wish Upon a Jackpot by Blueprint Gaming, Adventures in Wonderland by Ash Gaming, and King Kong by Cryptologic due to their low RTP.
Different software companies specializing in slot machines have reputations that reflect off of the RTP’s. While some developments have been mentioned before for their low percentage payback, others are renowned for their slots having high RTP rates.
Playtech is one of the more famous software companies that develop successful and popular slot machines located in Las Vegas casinos. Games created by this company include: Goblin’s Cave, Ugga Bugga, and Ocean Princess. All offer reputable and above-average percentage payouts.
Other software companies known for distributing slots with high paybacks are Barcrest, WMS, and NetEnt.
In addition to Palms Casino and Resort, there are other casinos in Las Vegas that have multiple slots maintaining an above-average payout.
Fitzgerald’s Casino and Hotel has established a favorable reputation for offering the loosest slots in downtown Las Vegas. Ranked regularly, the machines in Fitzgerald’s that are given the best paybacks include reel, penny, and progressive slots.
Slot machines are incredibly entertaining, easy, and a great reason to visit a Las Vegas casino.
Although research is essential, in-depth research is not necessary unless you are wagering a significant amount of money. Specific slot machines should be sought out to cash in millions, which has been proven to be possible within five minutes of playing.
The different themes, bonuses, promotions, and prizes, prevent slot machines from ever becoming boring. For some lucky few, a slot will transform a single $5 bill to $5 million or more than that colossal amount.
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With the press of a button, a slot machine can make an average player into a millionaire, or give the customer an affordable and responsible amount of fun on the Las Vegas casino floor.
With some of these tips that differentiate the better slots in Las Vegas, slot machines can become more of a calculated game than intended.
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Overall, Vegas is the numero uno destination to play slots in the United States. The key is to be wise and risk only as much as you can afford to lose.
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It is essential to ask around and try some old slots that have a proven track record of wins. Don’t just be impressed with design and wager money in the excitement!