Mar 04, 2016 In a modern slot machine, the odds of hitting a particular symbol or combination of symbols depends on how the virtual reel is set up. As we saw in the last section, each stop on the actual reel may correspond to more than one stop on the virtual. Your odds of winning are better than this, as you can hit five bells, five whistles or five of any other set of symbols, so on this machine your odds of any set of five are actually 5 x 0.032%, or 0.16%. So once in every 625 spins of this hypothetical machine, you’ll hit your set of five identical symbols for the jackpot. So which slot machine types are best for you? The simplest slot machines, also known as 'straight' or 'flat-top' slots, are your best choice financially. No, you can't win a million dollars playing those machines, and yes, they're less flashy than other slots, but they're the best slot games to play at a casino.
Every true gambler knows to do what he can to tip the odds in his favor. This does not mean cheat, it means knowing how to play the games using an optimal strategy and how to take advantages of your opponents weaknesses and tells. When you are gambling in a casino it might not always be possible to get an edge over the bank but it is sure possible to minimize the edge of the bank. Some might say that a gambler shouldn't play games where the bank has an edge at all but we all know that sometimes you just feel like playing some Caribbean slot poker or some slots. When you do this you should consider doing it in the casinos where the pay rate is the highest and hence the banks edge the lowest.
In games like Caribbean stud poker, black jack and roulette the odds for the same type of game is generally the same every where. However it might be worth taking a quick look at the rules to make sure that they do not offer the casino a higher edge than that in other casinos. Choosing between different types of black jack etc can have a big effect on the house edge but the pay rate of different types of black jack will not be featured in this article.
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This article will focus on slots. If you want to play slots in Las Vegas you should generally stay of the strip as the pay rates are a lot lower there than they are in other parts of the city. The pay rate can be as much as 5% lower. An example is that the pay rate for a 5cent slot machine is 95.43% on the Boulder strip but only 90.03% on the Las Vegas strip. The banks edge is other words more than double on the strip compared to the boulder strip. (to see more examples of the big differences you can check the pay rate table below)
The Boulder Strip is generally where you find the best slot odds in Las Vegas. There are two exception from this rule. One is USD25 machines that have better odds Down town and on the strip. The other exception is 1c machines where the odds are marginally better in North Las Vegas than they are on the boulder strip.
If you want a good pay rate you should generally stay away from the cheapest machines and the USD1 Mega bucks machines. The pay rate are better on 25c machines and up.
Below is a list of the pay rate for different types of slots in the 4 gambling areas in Las Vegas. (arranged with highest pay rate first.)
1¢ Slot Machines N. Las Vegas – 90.60% Boulder Strip – 90.20% Downtown – 88.81% The Strip – 88.36% 5¢ Slot Machines Boulder Strip - 95.43% N. Las Vegas – 94.82% Downtown - 91.18% The Strip - 90.03% 25¢ Slot Machines Boulder Strip - 96.86% N. Las Vegas – 96.56% Downtown - 94.76% The Strip - 91.64%
$1 Slot Machines Boulder Strip - 96.46% N. Las Vegas – 96.41% Downtown -95.41% The Strip - 93.62%
$1 Megabucks Machines Downtown - 89.97% Boulder Strip - 89.41% N. Las Vegas - 88.96% The Strip - 87.98%
$5 Slot Machines Boulder Strip - 95.82% The Strip - 95.11% Downtown - 94.73% N. Las Vegas - 94.37%
$25 Slot Machines Downtown - 97.04% The Strip - 96.60% Boulder Strip - 90.83% N. Las Vegas - N/A
All Slot Machines Boulder Strip - 94.78% N. Las Vegas – 94.03% Downtown - 93.65% The Strip - 92.86%
Roulette wheel | Photo by Christopher Furlong/Getty Images
Pokemon Fire Red Slot Machine With Best Odds
Spending a weekend gambling in Vegas may be fun, though you’ll probably have an even better time if you win big at the tables. If you’re hoping to beat the odds at the casino, the game you choose to play matters. You’re more likely to come home a little bit richer if you sit down at the blackjack table rather than settling in with the gray-haired set at the slots.
It all comes down to math. Amateur gamblers may hope luck is on their side when they walk through the doors of the Bellagio or Caesars Palace, but what they really need to think about are the odds of winning at different games. While the house always has an edge, it’s much bigger in some situations than in others. That’s why you never see smart gamblers wasting their time playing keno or wheel of fortune – games where you’re almost guaranteed to lose money.
Casino games with the best odds
Savvy gamblers are going to cluster around the blackjack tables, where the casino’s edge is usually between 0.5% to 1%, though the number varies depending on the number of decks and other rule variations. You can calculate the house edge on a particular game of blackjack using the Wizard of Odds online calculator. Those numbers also assume you’re playing with what’s known as basic strategy, or making the best possible decision based on the cards you’ve been dealt. For the average player who’s going to make some mistakes, the house’s edge increases to 2%, according to the University of Nevada’s Center for Gaming Research.
Blackjack table | Photo by Christopher Furlong/Getty Images
“Blackjack is one of our easiest games to play,” Jay Bean, a floor manager at Caesar’s, told Cleveland’s Newsnet5. “You’re just looking for a number that beats the dealer’s number without going over 21.”
“You are somewhere between 44% to 48% in every single hand of winning,” Michael Magazine, a professor of analytics at the University of Cincinnati, said of blackjack.
After blackjack, the games with the best odds are baccarat and craps. In baccarat, which is a game of chance rather than skill, the odds are close to 50/50, though your chances are slightly better if you bet on the banker rather than the player. At the craps table, the house edge on a pass line bet is 1.4%.
Roulette is one of the easiest casino games to play, and the odds are also fairly good. If you only bet on red or black or evens or odds (as opposed to a specific number) the house edge is 5.26%, assuming you’re playing in an American casino with double zeros on the wheel. Your odds of winning are better in a European casino with a single-zero wheel.
Video poker is another game with fairly good odds for players. “For video poker the statistical advantage varies depending on the particular machine, but generally this game can be very player friendly — house edge less than 3% is not uncommon and some are less than 1% — if played with expert strategy,” per the Center for Gaming Research.
Casino games with the worst odds
Slots may be less intimidating to novice gamblers than table games like blackjack, but the house is more likely to take you for a ride. Each slot machine is different, but the Wizard of Odds estimates the house edge for penny slots at between 6% and 15%. If you can’t resist the slots, chose a higher-denomination machine, since these tend to have a higher payout percentage than lower-denomination slots.
“The average slot machine is probably two, three times more costly to players than the table games,” Bill Zender, a former professional gambler, told Mental Floss.
Even worse than slots are “sucker games” like wheel of fortune and keno. The house advantage on keno averages 27%, according to the Center for Gaming. For wheel of fortune games (which also go by names like “big six” and “lucky wheel”), the house edge ranges from 11% to 24%, depending on your bet.
Whether you choose to take a chance on the wheel of fortune or are a high-roller playing baccarat, understanding how the game is played will put you ahead of most other players.
“Ninety percent of the people who walk into a casino have no idea of the odds stacked against them,” Zender said.
Also keep this in mind: The more you gamble, the likelier you are to lose. An analysis of online gamblers found that those who bet the least also had the highest winning percentage. But even then, the numbers weren’t great. Seventeen percent of the lightest gamblers ended up in the black over a two-year period. Only 5.4% of the heaviest gamblers came out ahead.
“[T]he average person doesn’t understand the math” of the multiplier effect, Jim Kilby, who has written books on casino management, told the Wall Street Journal. “Casino games are nibbling machines, and the more nibbles you have, the bigger your losses.”