Finding the best slot machines is often quite a task. There are many myths propagating around placement within casinos of tight and loose slots. Those are just myths. The only thing you should care about is the slot machine's house edge which is expressed as a payback percentage.
What is a "payback percentage" and why should you care? The payback percentage is the average return on your so-called "investments" in one-armed bandits. In Nevada, for example, slot machines are required to give players an average payback of at least 75%. This means that a machine over the course of its life must pay out at least 75% of what is fed into it.
Most slot machine percentages are much higher than 75%, and average payback percentages are often advertised by casinos who maintain high percentages. The slot machine operator can change a chip in a slot machine to alter its payback percentage at any time, as long as the machine meets the minimum requirement. These days though, the chips are installed in the factory, and little if any alteration takes place at the casino.
But many of you knew this already, so is there anything to learn, are there any real slot machine tips? Perhaps. It is not uncommon in Las Vegas and other gambling Mecca's to see casinos advertising rather good looking payback percentages, in the high 90s. You have to be careful of these ads however, as they can be a little misleading.
Most people would presume that if a machine has a 99% payback percentage then putting $100 into it should return $99. But is that advertisement referring to a progressive machine? If so it's probable that the jackpot has been worked into the theoretical return percentage. This means the machine only pays back 99% if you include the jackpot being hit.
In the meantime, until that jackpot is hit, the casinos make a killing eating up a large percentage of the money put in the machines, depositing it into the bank and making interest off of it. By the time the actual jackpot gets hit, the casino barely minds, they've made so much off of the machine.
If you want to find machines that have higher payout percentages then look for banks of machines that are advertising specific percentages just for that bank. If you want to know which casinos offer the highest payout percentages then look no further. The wizard of odds has put together a list, based on actual experience, of which casinos in Vegas return the most on their slots.
| 5 Cent Machines |
| Rank | Casino | Average Return |
|---|
| 1 | Palms | 93.42% |
| 2 | Gold Coast | 92.84% |
| 3 | Sahara | 92.81% |
| 4 (tie) | Bourbon Street | 92.63% |
| 4 (tie) | Imperial Palace | 92.63% |
| 4 (tie) | Slots a Fun | 92.63% |
| 7 | Key Largo | 92.6% |
| 8 | Western | 92.57% |
| 9 | Ellis Island | 92.56% |
| 10 | El Cortez | 92.56% |
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