- Best Casino Slot Machine Odds
- Penny Slots With Best Odds
- Penny Slot Machines With Best Odds
- Slots Odds By State
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Casinos across Nevada are required to report revenue figures to the Nevada Gaming Control Board to include what percentage of wagers they held as profit on slot games. A nerdy annual tradition of ours is to dig into that real world data from the previous year to help our readers find the loosest slots in Las Vegas.
Megabucks progressive slots generally have the worst win percentage because the huge jackpot outweighs the bad odds. The best win percentages came from high-roller slots. Slots that accept denominations of $5, $25, and $100 returned 94.05%, 94.97%, and 94.35%, respectively. Downtown and Strip penny slots come in with casino win percentages of 10.94% and 11.59% respectively. Similar to the data that looked at all slot denominations, penny slots more apt to pay out can be found in the Boulder (9.36% win rate) and North Las Vegas (9.28% win rate) areas. The odds on any casino game, including slots are always in favor of the casino. That being said, there are some guidelines to follow if you want to maximize profits and minimize losses. Never play with more money than you can afford to lose, and play with caution.
Unfortunately, the data we have access to isn’t granular enough to tell us how loose or tight slots were at individual casinos. Rather, the reporting will highlight groups of casinos based on where they are located (ie The Strip, Downtown, Boulder, etc). We’ll make sure to point out what casinos reside in zones identified as having looser slots.
As a matter of housekeeping, casino slot “win percentage” is defined as the percentage of the total amountwagered by the player that the casino held as profit. For instance, a 10% casino win percentage means the casino, on average, kept 10 cents of every dollar wagered on slot machines.
Example: A player put $20 into a slot machine and made her money last for a while playing a total of $200 in spins before losing it all. The total amount wagered by the player was $200 and the casino won, or held, $20 resulting in a 10% casino win percentage.
Now that we cleared that up, lets dig into where you can find slots that are more apt to pay out around Las Vegas.
Where you play matters. The graph below details casino slot win percentages by area, which lumps together all slot denominations. You can quickly surmise that casinos in tourist centers hold a larger percentage of slot play as profit.
As evidenced above, the best places around Las Vegas to play slots are the Boulder Area (5.78% casino win percentage), North Las Vegas (6.71% win percentage) and Downtown (7.78% casino win percentage). The Strip featured the tightest slots by a wide margin at a win percentage of 8.16%.
Unfortunately, slots tightened up versus last year on both the Strip (8.12% in 2018 vs. 8.16% in 2019) and on Fremont Street (7.64% in 2018 vs. 7.78% in 2019) by a slight margin.
Since penny slots are the most popular denomination with players, we also broke down where the loosest penny slot machines can be found.
Clearly, there is again a correlation between an area being “touristy” and higher slot hold rates. Downtown and Strip penny slots come in with casino win percentages of 10.94% and 11.59% respectively.
Similar to the data that looked at all slot denominations, penny slots more apt to pay out can be found in the Boulder (9.36% win rate) and North Las Vegas (9.28% win rate) areas.
Although most players aren’t able to tell the difference between a “tight” or a “loose” slot, get away from the Strip if you want to give yourself a slightly better chance of winning.
Casinos that fall into the looser Boulder and North Las Vegas reporting zones are broken down below. Not the most scenic areas, but if winning is more important to you than bright lights, fountains, and celebrity chef restaurants then order up an Uber and make the trip.
Casinos in the Boulder Area: Sam’s Town, Eastside Cannery, Arizona Charlie’s, Boulder Station, Sunset Station, M Resort, Fiesta Henderson and Green Valley Ranch.
Casinos in the North Las Vegas Area: Jerry’s Nugget, Silver Nugget, The Cannery, Fiesta Hotel and Casino, Texas Station, Cannery and Aliante.
Keep in mind that video poker also figures into these slot statistics. Lower casino win percentages away from the Strip are in part, but not completely, due to better video poker pay tables offered by establishments away from tourist centers.
See Also:Buy the exact scents used on Las Vegas Casino floors like Wynn, Caesars Palace, and Bellagio.
Slot denominations also play a role in finding lose machines which is demonstrated by the statewide data below. In 2019, Megabucks was the tightest variety of slot in Nevada (12.78% win percentage), followed closely by penny slots (9.93% win percentage).
Taking a look at the graph above, there is a clear correlation between denomination and how loose their corresponding slot machines are. Generally speaking, the higher the denomination, the looser the slot.
If you’re a penny slot player that plays 75 cents per spin or more, you would likely give your self a better chance of winning by playing the same bet on a higher denomination machine.
Best Casino Slot Machine Odds
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While looking at the numbers is a fun exercise, ultimately, the random number generator could select you as the next big winner anywhere. Good luck, and hopefully our break down of 2019 slot data will help you on your quest in finding the best paying slots in Vegas!
Related:Staying on Fremont Street vs. the Strip – How does it compare?
The name “Penny Slot” is something of a misnomer. Most people who don't know better might assume that a penny slot costs a penny to play but that's not the case. For decades, the most popular slot machines in U.S. casinos were nickel slot machines. In the late 1960s, Bally Manufacturing developed an innovative machine called the Money Honey, a penny slot that could be played for up to five coins simultaneously. These multi-line machines that accepted multiple coins per line were a hit with players—despite the fact that they were playing more per pull of the one-armed bandit's handle.
The New Penny Slots Offer Extra at a Price
The new penny slot games offer their fair share of electronic excitement with such features as theme songs from popular game shows and movies, bonus screens, and special mystery payoffs. However, all of these extras come at a cost. The most popular games from the Japanese video conglomerate Konami including 'Race Driver' and 'Beat the Field' require a minimum of 50 coins amounting to a dollar per spin. Several other manufacturers have games with up to 16 lines that require up to 100 coins per spin—totaling a whopping 1,600 pennies.
While slot manufacturer IGT offers a penny version of its popular 'Megabucks' game that can be played for just a few pennies, for the standard 'Megabucks' machine, which is a $1 variety, the player must play three coins per spin, or $3. On the new 'Penny Megabucks,' the player is required to play the maximum of 300 coins per spin, so the price is the same.
The Odds Are With The House
These machines are built to be both fun and addictive. They require a minimum number of coins/lines to qualify for the bonus screens (where the bulk of the payoffs are made). Players must make sure to play enough coins/lines to get the payoff when a bonus hits.
For someone to play a 25-cent video poker game, they'll have to play five coins in order to qualify for a 4,000-coin royal flush. That's $1.25 per spin for a chance to win $1,000. On most penny slots offering payoffs of bronze, silver, and gold, the big payoff is much harder to win than the 45,000-to-1 odds on a video poker game. Plus, the player will likely risk $2.50 to $5 per spin to win it. That adds up.
Penny Slots With Best Odds
The Psychology of Small Payoffs
Human beings are creatures of habit and thanks to the lure of instant gratification are prone to gamble. When players consistently receive small payoffs, psychology kicks in. The mind tricks itself into believing, 'Great, I'm winning,' when in reality, the player's initial deposit is usually being frittered away to nothing.
Penny slots have the kind of high hit frequency that ropes players in. As fun and exciting as the promise of winning may be, most of the time, the payoff is actually less than the initial wager on a spin. In other words, the bells and whistles go off on a regular basis but for small payoffs. For example, a player might risk something like 100 coins and only get a payoff of 18 coins.
Play Responsibly
The main issue with gambling in general—and penny slots, in particular—is that as a player, you mustn't forget that your personal bankroll is considerably smaller than that of the casino. Bear in mind that if you budget $200 for a trip to a particular casino where playing a penny slot takes 250 coins per spin, you won't get nearly enough spins to make a dent in the long-odds of hitting a substantial jackpot before your bankroll is exhausted.
Fast Facts: Tips for Newbie Penny Slot Players
As with any form of gambling, playing the penny slot machines should be approached with caution.
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- Start by choosing just a few lines or just a single coin per spin.
- It's not recommended for players to automatically hit the maximum spin button.
- Read the help screen to find out how many coins it takes to have a bet on all the lines so you can better decide how many coins and credits to risk per spin.
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Overall, players should enjoy their slot play, but never forget that gambling is gambling—especially on penny slots. A handful of pennies is still a dollar per spin. If you're playing more per spin, you'll bust-out fairly often—and it can happen very quickly.