5 Dollar Slot Machine Odds

The interesting thing about slot machines is how they really seem to cater to all of the different types of people that go to a casino to gamble nowadays. Whether you are rich or poor, upper class or lower class or any other socio-economic distinction you can think of, there are going to be people like you that play the slot machines. From the least expensive to the most expensive variants, slot machines are the most popular casino gambling activity on the planet. Even poker, which has boomed to huge proportions across the world today, is nowhere near as popular as slot machines are. One specific form of slot machine, the five dollar slot machine, is detailed over the rest of this article. 5 dollar slot machine odds genesis open

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Five Dollar Slot Advantages

There are a number of advantages to five dollar slot machines and of course the most obvious aspect of these types of slot machines is the high price to pay. Five dollar slots require a five dollar payment per roll. The important thing to keep in mind here is that the five dollars is just for a one coin roll. To have a real roll, a five coin roll, with a chance at the big jackpot, you need to have twenty five dollars to pay per roll. This is a very hefty amount to pay per roll and therefore only wealthy people will really be able to use five dollar slots. On the other hand, when considering the five coin rolls, it is easy to see how the jackpots for these slot machines can be enormous. We are literally talking tens of millions of dollars for the big jackpot on a five dollar slot machine.

When playing slot machines you should play the highest level of slot you can afford because the house take is much lower because of the higher limit. Now I have done well on the $5 slots, for instance drove to LV, walked into the high limit slots room, played $5 a spin ond on my second spin hit for $1600. A slot machine house edge is known by casino managers as the “hold”, and hold percentages vary a great deal, and do tend to be smaller at more expensive slots, frequently found to be around 1- 3% at the five dollar slots.

Average Payout Percentages

There are a number of different games in a casino and by and large calculating the average payout percentages for them is pretty easy to do. They are built into the game itself and therefore simple statistical analysis will teach you what to expect those numbers to be. This is more difficult with a slot machine and because of that we need to rely on empirical data in order to create that same analysis for the slot machines that you will use. Now, the problem with empirical analysis is that it can only give us an average rather than a gamut and the average payout percentage for five dollar slots tends to hover in the 98% range. This is the highest payout percentage.

Where to Find the Best Five Dollar Slots

There are a number of places both online and off line where you can find a great gaming experience. Places that have great slot machines are all over the place but there are two in particular where you can truly get a wonderful gaming experience. Bovada Casino , Lincoln Casino , Liberty Slots Casino and Silver Oak Casino are both excellent places for you to work and whether you are interested in playing a wide range of slot machines or alternatively being able to play one for a long time without getting bored, you can get all that you need for slots any of those excellent casinos.

So who pays for those Volcanic eruptions? Pirate Battles? Carnival Parades? and Glittering Showrooms? Slot Machines. 60-65% of casino revenue is generated by those bell-ringing one armed bandits that seem to multiply on casino floors like rabbits. So how does the average player gain an advantage and possibly win? Well... aside from cheating (which we really don't suggest you get involved in) the only way to gain some sort of advantage is to choose your slots with utmost care and discrimination.

Slot machines in Las Vegas are required by law to payout 75% of the money that goes into them, actual payout in Las Vegas is approximately 95%. Will you be the one that takes the money instead of gives it? That is up to luck, but with a little investigation one can easily learn to identify which machines are more favorable to the player than others. Slot machines are all about the payout... Red White and Blue, Double Diamond, Dick Fucking Clark, Cherry whatever. At the end of the day what every slot player needs to do is look at the pay schedule on the machine they want to play. Very often the same machine one row over will pay 5,000 credits on 3rd credit jackpot while you're playing on a 2,000 3rd credit machine. Plain and simple you're cheating yourself.


Slot Spotlights

Machine

A few notable slot machines we here at VT have found more playable, or more interesting, than the other nonsense out there like Leprachaun's Gold or Tabasco Slots or whatever.

We like machines that have the best payouts on the lowest winning spins. These will keep you going longer between larger wins and not enact the ATM-In-Reverse principle seen at many of the larger joints (Venetian being the worst we've experienced).

100 or Nothing
Red, White and Blue
Slot Machine Jackpots Photo Gallery
Wheel of Fortune
Wild Cherry

5 Dollar Slot Machine Odds

Slot Machine Payback Percentages

5 Dollar Slot Machine Odds

Below are the slot payback percentages for Nevada's fiscal year beginning July 1, 2002 and ending June 30, 2003:

5¢ Slot Machines
The Strip - 90.32%
Downtown - 91.50%
Boulder Strip - 93.03%
N. Las Vegas - 92.97%
25¢ Slot Machines
The Strip - 92.59%
Downtown - 94.83%
Boulder Strip - 96.47%
N. Las Vegas - 96.63%
$1 Slot Machines
The Strip - 94.67%
Downtown - 95.35%
Boulder Strip - 96.48%
N. Las Vegas - 97.21%

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$1 Megabucks Machines
The Strip - 89.12%
Downtown - 88.55%
Boulder Strip - 87.76%
N. Las Vegas - 89.41%
$5 Slot Machines
The Strip - 95.33%
Downtown - 95.61%
Boulder Strip - 96.53%
N. Las Vegas - 96.50%
All Slot Machines
The Strip - 93.85%
Downtown - 94.32%
Boulder Strip - 95.34%
N. Las Vegas - 95.32%


The Math of Casino Slot Machines

5 Dollar Slot Machine Odds Jackpot

For every dollar you wager in a slot machine, you will lose 100% - Payback% of that dollar. For example, you're at Bellagio playing the $1 Double Diamond slot, wagering Two Credits ($2) per spin. According to the table, for every $2 spin you will lose 5.33% of that bet... just shy of 11¢. Granted these 11 cents don't get extracted instantly... this is computed over time. So if your bank roll limit is $10 it will take you, on average 52 spins before your bankroll is toast (under $1) and you are out of credits.

How was this number derived:

$5 Slot Machine Odds

STAKE x (Payback Percentages) = STAKE x (Payback Percentages) = STAKE x (Payback Percentages) = ...
Repeat calculation until the number gets below the minimum bet - if you play long enough, you're gonna go broke. THAT is a FACT. Slot machines are entertaining, relaxing, require little thought beyond pressing a button. IF you want to truly GAMBLE, you might want to look into Video Poker, and eventually Blackjack as other options.

Granted, sometime in there you just might hit that $500 win on the Wheel of Fortune, or The Elvis progressive might shake rattle and roll $1000 your way... but the math inside the machine determines that you will in fact lose a certain percentage of your wager on each spin, and the more you spin... the more you will lose despite short runs of successful jackpots. If you find you are UP... leave. Every spin of a slot machine generates a random number that has NOTHING to do with previous numbers. SLOT MACHINES do NOT run in streaks (even if you might wish to think they do). Don't expect to get any of the money you put into a machine out of it unless you learn to press the CASH OUT button.

5 Dollar Slot Machine Odds Today

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