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• Video Profit Machines
• Slot Machine How To Win

The most common goals are detailed inside to help the reader consciously consider and match their own slots play approach to what is most important for them, including: 1) Improved entertainment value; 2) Extended length of play; 3) Greater financial profit; 4) Earn expensive comps from casino operators; and 5) Ins and outs of players rewards club programs. Jul 16, 2019  The difference between the return and the amount you wagered, obviously, is the casino’s profit. The payback percentage, or return to player (RTP), is a statistical prediction of a slot machine’s return over a massive number of spins. Jun 14, 2019  Learning To Win: How to Make a Profit at Slot Machine Gambling - Kindle edition by Jon Friedl. Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading Learning To Win: How to Make a Profit at Slot Machine Gambling. Play with profit on slot machines! How to play with profits at slot machines? There are no 100% correct answers on this question, but there are two opinions about how it could be profitable for players to play with these online slots. The first option players could do is just to quit where they are up. For example, if player deposit money to. Oct 29, 2019  Introduction to Delaware Slot Machine Casino Gambling in 2019. Delaware slot machine casino gambling consists of three casinos offering video lottery terminal (VLT) style slot machines controlled by Delaware Lottery Games. Besides video slots, these VLT-style machines offer video poker, video keno, and video blackjack.

Hi, Owen, and welcome to the forum!
I'm not a math guy, but I'll try to give you a short version, and let others correct it if necessary.
The 95% example you gave is a theoretical amount that the casino should receive over the long run; for every $100 run through the machine, the casino expects to keep $5 on average. The slot is programmed to have winning and losing spins come up randomly, but each a certain amount of times that will be realized over many, many spins.
Some people will lose the whole $100 without a win; some people will win $100 or more right away and walk away. Other people will keep playing when they win, maybe quit even again, maybe continue until they lose, maybe keep winning and get up with more than they put in.
It all is expected to average out to $5 lost per $100 spent. But almost no individual player will have that exact experience. I think your understanding of it is pretty close to that, based on what you wrote, but I hope that my explanation helps.
FWIW, Casinos in the US (and perhaps in Peru) use the amount a gambler puts through a machine (how much money they 'expose') multiplied by the House Edge (rough description of this formula), to decide how valuable that customer has been to them; whether the customer won or lost, their value to the casino is based on that theoretical amount, and they will offer complimentary cash, rooms, and prizes that will draw those customers to return.

if one day 1,000 people go to a casino with $100 and every one play a few hours of slot machines with a 95% RTP: 1000 x 100 = $100,000, turning a theoretical 5% of profit for the casino: $5,000, it this correct?

Yes, if and only if they each play $100 of spins and leave.
Most people do not do this. Most people playing on $100 actually play $1200 or more worth of games, as they play through their winnings as well as their initial bankroll.
Every $1 spin on a slot machine has the same 5 cent theoretical profit for the casino, assuming your 95% RTP.
I would expect if 1000 people with $100 each came in that they would play about 1,000,000 $1 spins (or equivalent), and house profit would be about $50,000.

Video Profit Machines

If each spin took a slow 10 seconds, that would mean each player would play about 2 hours 45 minutes. On a more realistic 6 seconds per spin, that's a little longer than an hour and a half. Both of these numbers are well within what I've seen as possible.
If the place is 60% full for 14 hours, this is doable on about 250 machines.
I have no idea if this covers rent on the slot machines and TITO units.

Hi!
Thank you! I've read this forum for many years. I really appreciate your response. I was checking some oficial documents from the local government regarding the financial statistics from the local casino and here is some of the info from the last month (Approximately. I'm using example numbers):
Visitors per month: 9,000
Average spend per visitor: $50
Total wagered on slot machines: $4,950,000
Real monthly RTP: 95%
So, as you can see, people spent approximately $450,000 in the month, but wagered $4,950,000. That's eleven times the total spend. I don't know if I'm not understanding correctly the document or there is a kind of error. What does that mean? That the profit of the casino it's the 8% of the total wagered? ($247,500) Or it's just the 8% of the total spend? ($36,000)

Well, those are a bit different, perhaps made more complicated by translation from Spanish to English.
If I'm interpreting based on how it's done here:
$4,950,000 is called the 'drop', or how much is 'exposed' by all the gamblers together by making wagers.
95% RTP is what was returned to players from that drop, or $4,702,500. So the 'win' or 'hold' on the machines was $247,500, the other 5%.
The 9000*$50 per person (assuming this is only what they directly bet, not the amount they spent on their entire visit, like the economic impact including bar profits, gift shop, whatever), reflects the real impact of the HE on repeated exposure of your money to it. The house edge takes a cut at your money every time you cycle it, not just the first $100 you expose. And that adds up. So I would say, the house was able to keep (gross) 55% of the money made available to them during that month (247,500/450,000), while that base amount (450,000) was exposed to them approximately 11 times per $100 available.
I could, as always, be wrong. But I don't think those numbers are unrealistic.

So it's normal that slot machine players wager 10 times their initial bankroll?

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Some more, some less, but I think this is a reasonable approximation for many players. This matches what I generally observe for 'normal' players.
Compulsives and AP's are different, but averaging them together might come out around the same.

Slot Machine How To Win

So it's normal that slot machine players wager 10 times their initial bankroll? And the real profit of the casino it's a % of the total wager? This casino have a large screen which holds all the statics from the previous day. Example:
Money played: $1,300,000
Money returned: $1,210,000
Commission: $90,000
So the $1,300,000 isn't necessary what people put on the machine. I would expect that people only put $130,000 or less. So if the casino received $130,000 in cash and returned $90,000, the real return it's near 30%? (!)

The $1,300,000 is exactly what people put in the machine. Your question is (I think), where did that money come from? It could 100% be straight out of people's pockets, it could be them cycling the same money 10 times, 20 times, 30 times on average. That answer is the RTP. If everybody just plain lost, and kept feeding new money into the slots anyway, the RTP would be 0%. In your example above, the RTP is 93.077%.
So the casino made $90,000 that day. Other days, it could be a negative number, if the money returned was larger than the money played. But for the real impact on the players, you'd have to know how many came in (the numbers you listed before) and their average or actual losses. I'm sure the casino tracks those, but what they really want to know is how much of the money that came in people's pockets stayed in their casino. They could've broken everybody and realized 100% of what came in. Maybe it was 2%. In your previous example, it was 55%. I'm sure those metrics matter to them in determining what games to keep offering, what clients to concentrate on making into repeat customers, whether their staffing is appropriate (not leaving people with money looking for games, but also not a lot of paid staff standing at dead games). But the bottom line is they made 90K that day, or almost 7% of the drop. That's actually a little low, I think; again, I could be wrong.

• Factoid: Most large Las Vegas hotel-casinos have more than 2,000 slot machines.
• Factoid: The slot machine was invented in 1895 by Chares Fey in San Francisco.

It is not accidental that two-thirds of every casino is littered with row-upon-row of slot machines of every type imaginable. The reason is that they provide the most profit to a casino ..and billions of dollars in tax revenue to the state. (The state of Nevada collects a $250 annual tax plus a $20 quarterly license fee per slot machine plus a percentage - about 5% - of gaming revenue.)

Slots account for more revenue to a casino than all other gambling games combined. Their formula for success is simple. They make money by paying out less than they take in. They are popular because players don't need any gambling knowledge and slots require only a very small bet. There are more than 200,000 slot machines in Las Vegas.

Most slot machines work the same way. The player pulls a handle or presses a button to spin a series of reels (typically three) that have pictures printed on them. You win when certain combinations of pictures line up with a pay line in the middle of a viewing window. The payout depends on which pictures land along the pay line. Some machines have multiple pay lines. A pay table (chart) tells you the amount of the payout. It is usually found on the front of the machine, above or below the area containing the wheels. While you can lose your money faster, the payout percentages are always better if you bet the maximum amount of coins on each “pull.”

All slot machines in use today in casinos are electronic (computerized) rather than mechanical. As a general rule, reels, handles, sound effects and other attributes are there to make them appear to be like older, more familiar, mechanical machines.Themed slot machines that require the manufacturer to pay a license fee (such as one named after a movie star, cartoon character, TV show, etc.) generally have lower payouts since the additional cost must be recouped. So stick with the traditional machines (such as the Double Diamond, Blazing 7s, and Red, White and Blue) that pay back more.

As a general rule, slot managers place their most popular - and best paying - machines in areas that generate excitement - such as near the front entrance and other high traffic areas. Some popular slots - such as nickel machines - are placed in the rear of the casino to get people to walk to the back. High payback machines are also sprinkled throught the casino floor.

Be aware that the higher the cost per 'handle pull,' the higher the payout. According to one industry insider, the so-called 'hold percentage' on the Las Vegas Strip averages 11% for nickels (that is, 89% is paid back), 6.5% for quarters, 4.5% for dollars, and 3.5% for five dollars and above. (The Nevada Gaming Control Board has a slighty different figure. See below.)

The payback percentage for Las Vegas (and all Nevada) slot machines are a known factor. Because they are taxed, all machines are strictly controlled and keep track of 'coin in' and 'coin out' which, overall, is a matter of public record. Manufacturers program each machine to payback a specific percentage which is based on a span of ten million handle pulls! Any slot can (and does) pay out more or less over a shorter period. It might pay out 400% today ..or 20% for a week.

A good website on slot machine gambling is located here .. and they have no advertising whatsoever.

The newest wrinkle in slot machines is coinless slots. They use bar-coded paper tickets instead of coins and are known as “ticket in/ticket out” ('TITO') machines. The traveling coin gal (and coin cups) are fast becoming a thing of the past. You feed bills and get paid in vouchers which are redeemed at the cashier’s cage. Don't forget to redeem the tickets! Some have expiration dates on them.

Video poker

Although poker machines have been around since 1964, video poker did not become popular until 1979 when International Game Technology (IGT) introduced its electronic “Draw Poker” machine. Video poker adds the element of skill and players are given decision-making options that regular slots don’t offer.

Video poker slots work the same way as regular rotating wheel machines. Instead of a reel, they have changing playing card images. They are generally based on five-card draw poker.

A series of five cards are generated from a freshly shuffled 52 card deck for each play and shown on the screen. The player discards some (or all of the cards) and replacements for the remaining cards are drawn. While you are deciding which cards you want to hold, the remaining 47 cards are constantly shuffling. After you decide and hit the button again, the cards stop shuffling and the x-number of cards you need to fill your draw hand come off the top and occupy the vacated positions.The objective is to get the best poker hand. Again a chart indicates the amount of the payout.

The most basic version pays on two jacks or better, but there are variations, such as “wild” cards.

All video poker is not alike. Be certain you are playing a “full pay” game which pays out 99.5% of incoming coin. They are known as a “9/6 JoB” machines – which stand for a payout of 9 coins for a full house and 6 coins for a flush with one coin inserted. (JoB stands for “Jacks or Better.”) The paytable for a full-pay or 9/6 JoB machine looks like this:

Royal Flush 250	Straight Flush 50	Four of a Kind 25
Full House 9	Flush 6	Straight 4
Three of a Kind 3	Two Pair 2	Jacks or Better 1

A casino can tighten a Jacks-or-better video poker machine by simply paying out less for a full house and flush. The most common way that a casino increases it's win is to pay only 8 for the Full House and 5 for the Flush. This is a short-pay 8/5 machine. The casino keeps an extra 2.2% on these machines.

A “10/7 DB” video poker machine (Full House=10 coins, Flush=7 coins) is better yet Payout (when played perfectly and max-credits) is 100.1%. Double Bonus Poker (DB) is a variation on video poker in which the payout for two pair is reduced from two to one in exchange for greatly increased payouts for other hands ..like a payout of 4000 for a Royal Flush.

The best place to play video poker is downtown or at such off-strip properties as Sam’s Town. A great video poker website is VideoPokerReview.com.

A couple of playing hints: Never keep a high card kicker with a pair; draw three cards. Hint No. 2: Always go for the Royal Flush if you have four of the five needed ..even if it means giving up a high pair. The odds are one in 52 that you will hit the needed card ..and Royal Flushes pay up to 4,000 to one if you put in the maximum number of coins.

Slot machines and the law

All slot and video poker machine models are tested by the state of Nevada to be certain that all results are based on a random number generator (RNG.) A new machine can’t be introduced until it meets all state regulations and technical standards. Because gross revenue is taxed, every machine keeps track of the money paid in and the winnings paid out.

Winning at slot machines is pure luck. And there is no such thing as a machine being “ready to hit.” The chances of winning never change whether it is the first or one hundredth pull. And a machine that hasn't paid recently is not due to win.

While winning combinations are determined on a totally random basis, the overall payback percentage is set on a standard machine. A casino tells the slot machine manufacturer what percentages it wants specific machines to pay back and that amount is programmed in. So, some machines are “looser” than others over the long haul.

The payback percentage is determined by state-approved computer chips which are installed by the manufacturer. The RNG in these microchips continuously generate hundreds of randomly chosen numbers every second the machine is on ..even when not being played. Each number corresponds to a set of symbols on the wheel. There are many approved chips for every machine type and the chip can be changed by casino technicians to “tighten” or “loosen” the machine payout. But this is hardly ever the case. It is easier just to change out the machine programmed by the manufacturer.

The state of Nevada requires that every machine pay out a minimum of 75 percent of the money it takes in. Due to competitive pressures, however, the overall payout percentage is much higher. Slot machines are typically programmed to pay out around 82 to 98 percent of the money that goes into them as winnings. Most pay around 92 to 96 percent ..certainly not the worst bet in the house. (Don’t be taken in by casinos that advertise winnings of “up to 99 percent.” They might only have one machine out of 2,000 set to pay that rate.) Hint: Playing the maximum coins always pays more per “coin-in” and reduces the house advantage.

Where are the “loose” slots?

According to the Nevada Gaming Control Board, $1 slots pay out an average of 95 percent of receipts. (25 cent slots pay back an average of 93 percent, 5 cent machines: 90 percent.) And where you play the slots makes a difference. The payout on machines located on the Strip is about one or two percent lower than downtown or other off-strip properties ..a fact well known by the locals. Hotel-casinos frequented by Nevada residents on a regular basis (such as Sam’s Town) pay better than tourist hotels whose guests are there for only three days.

The newer and more luxurious hotels, have the poorest overall slot payout ..especially on under $1 machines. The poorest then would be the Bellagio, Venetian, Mandalay Bay and new Wynn Las Vegas. The best paying slots on the Strip are the older properties on the North Strip. Generally, avoid slots at the airport, convenience stores, restaurants and “restricted” operations ..that is, those with less than 15 machines.

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Many veteran slot players believe that the loosest (best paying) machines are located in high traffic areas, such as near elevators, buffets, aisles, showrooms, registration areas, etc. Theoretically, frequent payouts are good advertising and entice others nearby to play. Typically, slot machines with a similar payout percentage are grouped together in the same area. In any event, the payback percentages on Nevada slot machines are the highest of any state ..and probably the highest of any country in the world.

Progressive slot machines

Progressive slots are exactly what their name implies; with each bet made, the jackpot grows. Progressive jackpots (such as Nevada's “Megabucks”) can pay astronomical amounts ..always in the millions of dollars. Their payout system is different from a standard machine and steadily increases as players put more money into it. To get the high jackpot, multiple machines and casinos are linked together to form one giant payout. Just about every Las Vegas casino participates in Megabucks.

The cardinal rule is to always play maximum coins at a progressive machine since they only pay the top jackpot if you bet max. Megabucks is a $1 slot so you must play 3 coins ($3.00) to hit the jackpot. When someone wins, the jackpot is reset to a starting value ..$7 million for Megabucks.

In the long run, the chances of winning a progressive jackpot are very, very remote and the overall payback is much lower than the standard $1 machine. Statistically, they are a very poor bet. In the short run, however, anything can happen and the “Megabucks” jackpot does get hit by someone about twice a year. (The odds of winning are one in 50 million.) The payout averages more than $10 million each time it does. It might be worth one $3 play.

Slot clubs and “comps”

Most casinos offer free memberships in “slot clubs.” They exist to attract, reward, and ultimately retain slot players. You join at the casinos slot booth and get a membership card - otherwise known as a “comp card” (as in “complimentary.”) It looks like a plastic credit card. The purpose of these clubs is to keep players from wandering from one casino to another. The card tracks your play and are the Vegas equivalent of frequent flier miles.

Whenever you sit down at a slot machine, insert the card in the slot at the top of the machine. At a table game, you give it to the dealer or the floorman. The machine (slots) or casino personnel (table games) then keeps track of how much you bet and how long you have played. A word to the wise! Never place your handbag on the floor when you are playing the slots. Keep it in sight at all times.

There are two schools of thought about applying for slot card membership. One is to apply for as many as you can because you will get a sign-up bonus prize on the spot for enrolling ..sometimes even a little free 'match play' gambling money to get you started. Joining a player’s club also identifies you as a gambler and gets you on their mailing list of upcoming offers. There are dozens of different slot clubs in Las Vegas.

The second theory is to concentrate your gambling - even if it is conservative - on one casino. You won’t get any “comps” (free meals, rooms, upgrades, shows or other offers) with just a few points at a dozen casinos. But they will add up when you gamble using a single slot card.

My recommendation is, at the minimum, to apply for Players Club membership at the two largest Las Vegas casino operations: MGM Mirage and Harrahs Entertainment. This way you can gamble at many of their owned casinos and still receive credit toward on your card. MGM Mirage recently merged with the Mandalay Bay Group. And Harrahs recently acquired Caesars Entertainment, Inc. These two companies will soon control nearly two dozen of the largest hotel-casinos ..about half the hotel rooms on the Strip.

Slot tournaments

Slot tournaments can be fun, take no skill to play and are offered at many casinos to their slot club members ..some by invitation only. The idea is to get the most “credits” by continually pushing the slot’s spin button. Sometimes the contest is free to enter ..but usually there is a small ($10 to $25) entry fee. The people who get the top scores wins a prize ..sometimes hundreds or thousands of dollars. Participants frequently get freebies and offers (sometimes worth more than the entry fee) just for entering the tournament.

The rules are simple. Generally you are assigned a certain machine, a time to play and a beginning amount of “credits” which must be played during a specified time period. For example: you might get to play a beginning 1000 credits in 15 or 20 minutes. The tournament is managed by casino personnel and there can be several tournament sessions to accommodate all who want to play. Many tournaments have hundreds of participants.

You just keep tapping the maximum bet button as fast as you can. Three credits are deducted each time. The machine has a special meter that keeps track of winning credits which can not be replayed. At the end of the time period, the machine locks up and play is over. An important objective is to use all your credits since they are lost if you do not. After you finish playing, you wait at your machine until a tournament official comes by and records your score. The scores on the winning meters determines the winners. It is that simple.

Slot tournaments are held in certain designated casino areas on specially programmed and outfitted machines that generate many more jackpot combinations than normally the case.

One advantage of a slot tournament is that you know ahead of time that your maximum loss will be the amount of the entry fee. (You should probably avoid the slot tournaments that have large entry fees ..those more than $100!) Winning them is totally pure luck ..the only skill needed is to be able to push the spin button quickly.

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