Slots Payback Percent Question

Using nevada payback perecnt on penny slots as an example....lets call it 93 percent.

Is that a total cash value.,,aggregate.

for example.....is this a 93 percent payout

10 popular machines pay back 86 percent....they are set at 86 percent

20 less popular machines are set at 95 percent

Bringing the machines set payout to 93 percent on average setting (just go with it I am not sure the math is exactly right). The SETTINGS average out to 93 percent

However the dollars bet on the 10 popular machines is 5x what is on the other 20 machines.

so actual dollars returned is not 93 percent....since a large portion of the dollars are bet on the popular machines paying 86 percent

OR

is the 93 percent figure pure dollar in and out for all machines, So if a popular machine is set for 90 percent return, still in the end total dollars returned must equail 93 percent.

 

I believe that a machine set for 90% must pay out 90%, 93% must pay 93% and so on. They can't average them. When reporting results they may use averages to keep players in the dark. They would average by denomination, not by all machines. If some $1 machines pay back 85% and some pay 95% they may show $1 slots as paying 90%. While that average is correct, albeit misleading, the individual machines must still pay out what they have been set to.

Not only do they average, in Vegas they lump them geographically. So you'll see Vegas Strip $1 machines at a certain percentage, Boulder Strip at another and Downtown at still another. All to confuse the player by making it impossible to find that elusive "hot" machine.

They use certain code when referring to payouts. The life of the machine is a good one. What the heck is that? Some say about five years. So theoretically a machine could pay garbage for 4 years and 11 months and then give up a jackpot to bring it's percentage in line? A million one dollar spins through a 90% machine that pays $900,000 on the one millionth spin? I don't know. And that's the point. They don't want you to know.

This is why I'm skeptical when I see people on other sites bragging about being slot pros and posting picture after picture of their big wins. There may be a very few that beat video poker after factoring in comps and promotions but slot pros? I don't think so. Scavengers yes. Slot pros no.

AxelWolf et al.....stick to selling bottled water on the overpasses. Be sure to put the caps on tight when you refill the bottles in the men's room.

 

So I agree each machine should pay what it claims it is set for.

But lets say there are only 2 different slot machines in a casino for argument purposes.

Slot machine A and slot machine B

100 OF EACH....so the casino has 200 slot machines ...

slot machine A is set at 85 percent and slot machines B are set at 95 perecent.

numerically the machines average 90 percent just by numbers

But lets say thecasino knows that 3x more people love to play slot machine A....

So in essence they can Pay out less than 90 percent of real dollars, because a majority of the action is on slot machine A

thats what I was asking....is their announcent of a 90 percent payout....and average settings of all the machines.....or is it real dollars...

 

I'd say average. You know those loosest slots signs that we've all seen? They'll put them in a row of machines but in reality it could apply to only one or two or however many they choose. And you'll never know for sure which ones.

The payouts are regulated by the state or whatever authority or commission. They not only SHOULD pay what they're set for, by law they must.

 

Many machines have a coin in coin out meter on the side. Its easy to figure payout by the ratio.

 

The State of Nevada State Gaming Control Board Gaming Revenue Report. These documents are released to the public and show very revealing statistics. The Nevada casinos are heavily audited by the state to insure they get their proper cut of the gaming revenue. Hopefully, the link works. If not then google the first sentence in this post.

http://www.gaming.nv.gov/modules/showdocument.aspx?documentid=11183

On penny slots the statewide summary shows the casinos won 10% on the total action. Then they break it down by region.

The Carson Valley casinos won 7.18% on the total action of the penny slots.

Churchill County won 6.38% on the total action of the penny slots.

Downtown Las Vegas won 11.12% on the total action of the penny slots.

The Las Vegas Strip won 11.52% on the total action of the penny slots.

North Las Vegas won 9.14% on the total action of the penny slots.

Laughlin won 11.05% on the total action of the penny slots.

The Boulder Strip won 9.34% on the total action of the penny slots.

Mesquite won 9.59% on the total action of the penny slots.

South Shore Lake Tahoe won 11.14% on the total action of the penny slots.

Elko County won 6.88% on the total action of the penny slots.

Wendover won 6.41% on the total action of the penny slots.

Washoe County (Reno and surrounding area) won 7.24% on the total action of the penny slots.

North Shore Lake Tahoe won 7.85% on the total action on the penny slots.