Introduction to Choosing Slot Machines
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Once a specific casino has been determined to currently be the best of any available, choosing slot machines becomes the next step towards making a profit at slots.
Remember, statistics supplied to state gaming commissions show that the odds of winning are, on average, somewhere around 90%. By assessing all available casinos, then selecting the best possible, you’ve already improved your odds of winning – perhaps by several percentage points.
Whatever your gambling goals are, we’ll talk about those in the next step Identifying Gambling Goals. For now, we need to consider choosing slot machines that will most likely improve our overall odds even more.
So, we’ve walked into our best casino to choose slot machines with the highest odds of winning we can find. How do we select a good slot machine? Most people don’t – they dive right in without much of a plan. Well, we have a plan.
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Why? Because everybody says it’s all about luck. If you pick wrong, “Well,” they say, “better luck next time.” Remember, casino employees are trained to say things like that. If you’d won a jackpot instead, you can believe they would have said, “You’re lucky! I’ll see you later when you win another jackpot!”
Slot attendants have a job to do, and it most certainly isn’t to get you to leave when you should. And, it’s difficult to not to influenced by such comments. But, try not to be.
In the following sections, I’ll briefly explain the following aspects of choosing slot machines:
- How odds are set within a slot machine
- Choosing denomination and maximum credits based on bankroll
- Basics of reading a slot machine’s paytable
- A simple way to use paytables to pick the best machines, and avoid the worst
Two Separate Odds of Winning
The odds of winning for a slot machine is a limited number of settings from the manufacturer. Besides understanding limited settings are available, it may help to understand that slot machines have two odds of winning to determine:
- If a player will or will not win anything
- How much that win will be, i.e., the jackpot amount
Why is understanding these two types of odds significant when choosing slot machines? Because winning slot machines come in all jackpot sizes. You’re still winning if you’re getting enough small jackpots that your bankroll isn’t shrinking. Even if it is slowly depleting, the bankroll can last quite a bit longer, so that’s also a winning slot machine.
Winning many jackpots this way is bankroll cycling. It may not seem very satisfactory, but whether it does or not depends entirely on what your gambling goals are. One type of gambling goal, earning maximum complimentary gifts, is most often achieved via bankroll cycling.
Another point about setting slot machine odds is, how often they change? Of course, it depends on the age of the casino, as discussed in the previous step Assessing Casinos for Success, or if it’s been renovated lately.
In my experience, older-style casinos change their slot machine odds every 7-10 days. Newer-style casinos can change their slot machine odds whenever the machine has been idle for 15 minutes or more, without a players club card inserted or the machine temporarily locked by a slot attendant.
Matching Bankrolls to Denomination/Credits
Only you can decide how much bankroll you want to risk gambling. I highly recommend bringing only as much money you can safely afford to lose comfortably.
Bankrolls quite literally determine which slot machines you can play. But, there’s more to it than understanding a $100 bankroll lets you play a 1-credit, $100-denomination exactly once, with very, very little chance of winning.
Whatever bankroll you have limits which slot machines can be played and how much it can be played. Slot machines have denominations ($0.01, $0.25, $1, $5, $10, etc.) and the maximum credits that can be placed in a single bet.
Slot machines typically must run for a while before wins become more likely. Yes, wins can occur at the first press of a button. They can also happen within the first few bets, where casinos offer a taste. But, usually, they need to run for a while.
About 100-120 bets is the right amount to be prepared to play to determine if you’re sitting at a winning (or breakeven) slot machine. Yes, be careful initially, perhaps making as few as 20 bets, to determine if it happens to be a “bad” machine. Trust your instincts!
If it is a poorly performing machine, a “tight” slot machine, it won’t pay out anything at all. Quick decisions are necessary here, so limited betting gives a clue to its performance, yet still leaves enough to gamble with on another machine if it isn’t – assuming you stop playing it as soon as you notice it’s not performing well enough.
So, again, you determine how much bankroll you can afford to spend. Now, take that number and divide it by 120 bets. If your bankroll is $60, then that’s 50 cents per bet. In such a way, the right choice is a 2-credit, quarter-denomination slot machine. Or, a 50-credit, penny-denomination slot machine.
Always remember to play maximum credits for the highest odds of winning. Meaning, your casino may not have a 2-maximum-credit quarter or 50-maximum-credit penny machines. But, perhaps they have a 1-maximum-credit quarter or less-than-50-maximum-credits penny machines. Such slot machines would provide more than 120 bets of play, which is going in the right direction!
Reading a Slot Machine’s Paytable
When choosing a slot machine to play, a crucial aspect of winning is to review its paytable before playing. Frankly, the casino industry gains an advantage over players that don’t read slot machine paytables.
Located somewhere on a slot machine is one or more tables showing the number of credits won if specific combinations of reel symbols appear in the pay line after the player makes a bet. Below is a relatively generic example of a paytable.
The figure shows reel combinations along with their jackpot depending on the number of credits bet. Paytables don’t typically explain how much credits
Not every reel combination and its associated jackpot are usually shown in a paytable. Other reel combinations not shown in the top rows are also presented in the paytable area. Slot machines with WILD symbols can represent it with a myriad of other possible reel symbols.
A final element of paytable example provided is specific information on winning reel combinations, which can include an indication of how the slot machine operates during play. The bottom row of symbol explains that that slot machine has reel symbols which will move after the reels stop momentarily.
Such additional features may not activate until the maximum credits are bet. It can sometimes be difficult, or impossible, to determine this. Most slot machines with bonus rounds will provide at least some information about it within its paytable.
Developing a habit of reviewing and studying a slot machine’s paytable can help improve your ability to judge the financial risks involved with playing that slot machine.
How to Avoid the Worst Slot Machines
The best way to improve the odds of winning via slot machine gambling is to stop making “sucker bets”. In less colorful language, avoid playing slot machines with terrible odds of winning.
First and foremost, understand when choosing slot machines that there are indeed terrible slot machines at a casino. By merely avoiding them whenever possible, on average, your long-term gambling return will improve. Each time we raise our odds like this, we’re pushing closer to achieving our gambling goals. So, let’s make sure we do that, shall we?
Calculate this “Goodness Ratio” as follows:
- When choosing slot machines, as discussed above, find the paytable with the denomination and maximum credits that best matches your available bankroll.
- Take a close look at the paytable. What is the maximum possible jackpot when maximum credits are bet?
- If the top jackpot is displayed in currency, divide it by both the denomination of the machine and the maximum credits
- If the top jackpot is displayed in credits, divide it by only the maximum credits
This “Goodness Ratio” tells us how worthwhile a specific slot machine is to play relative to others. By using this approach, any slot machine can be compared to any other slot machine.
Example: In the paytable above, the maximum jackpot is 2,400 credits with three maximum credits. Therefore, its Goodness Ratio is 2,400 / 3 = 800.
Repeat this calculation for slot machines of interest. While this Goodness Ratio will be similar for many slot machines, it can be startling to find “sucker bet” slot machines that might not otherwise be avoided.
Summary for Choosing Slot Machines
After a casino has been chosen, it’s time to select candidate slot machines most likely to result in a relatively high-value win. The size of your available bankroll, whatever it is, is an essential factor in this selection process. The bankroll size needs to be matched to the slot machine’s denomination and the number of maximum credits.
Here, we’ve also discussed how slot machines calculated odds twice: once to determine if you’ve won, and again to determine how much you’ve won. Another critical aspect discussed to improve a player’s performance was the basics of reading a slot machine’s paytable.
Finally, we talked about the “goodness” ratio to help select candidate slot machines and, perhaps critically important when improving our odds of winning, knowing precisely which slot machines must be avoided.
Next Steps
The next step on your journey to improving slots performance is Identifying Gambling Goals. Enjoy!
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Have fun, be safe, and make good choices!
By Jon H. Friedl, Jr. Ph.D., President
Jon Friedl LLC
Choosing How Many Lines to Play
When playing a progressive slot machine, the player needs to bet the maximum number of credits and activate the maximum number of lines in order to qualify for the progressive jackpot prize.
However, there are cases when the player does not play a progressive slot machine, so they need to make some simple decisions.
When it comes to single-line machines, the amount of money that is to be spent is nothing to worry about, because the multiplier is the only factor to comply with. In the past, the dollar machines were better than the nickel machines, which, on the other hand, were better than penny machines, but this is no longer the case.
Video slot machines normally have more stops compared to mechanical slot machines, even if the latter are modern ones.
What players need to be aware of is the fact that the probability of getting the jackpot on a slot machine is very low indeed. This rule is particularly true when it comes to modern video slot machines, which can have a large number of stops. Always remember that the machines run on Random Number Generators, which determine the outcome of a certain spin.
Statistically speaking, there are 32,768 possible outcomes of a spin. Only 12 of these outcomes would result in a jackpot, which means that the chance of getting a jackpot on the machine is really small. Still, some experts do not recommend an approach where players bet on one payline only because this decreases their chances even further. According to some more experienced players, betting on the maximum number of paylines is equal to losing your money too quickly, while the chances of winning the pot are not significantly improved.
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Choosing the Multiplier to Play
Apart from choosing how many paylines to bet on, players need to decide what multiplier to play. Many players prefer to use the x1 multiplier even when playing the maximum number of lines, but this is considered a strategy that is not so successful because the single multiplier usually does not return enough money to cover the player's initial wager.
According to some slot experts, a good and profitable strategy is to play a total of 9 paylines with a x5 multiplier. This makes for 45 credits wagered, while the player will receive 50 credits in case of a winning combination. Such a bet will at least cover the original wager made on the spin. This strategy is also good because the player is provided with the opportunity to generate bigger winnings while putting less money at risk.
Slots Bankroll Management
Finding Slot Machine to Play
Slots Rules
Choosing Line Number and Multiplayer
How Much Time to Spend at Slot Machine
Betting the maximum multiplier is not recommended when the latter is too large. This also increases the bet per spin. In such cases, players should choose a number of lines and a multiplier that they feel comfortable with and put smaller amounts of money at risk.
The key is to choose a multiplier that will at least bring them their initial bet back on a small three-symbol winning combination. Such wins are among the most common ones, and the logic is simple; if a player is able to cover their bet on the three-symbol combinations, this will apply when it comes to four and five-symbol wins, too.
Choosing A Slot Machine To Play Video Poker
This strategy is truly very simple, but also effective. It is important to play a combination of a multiplier and number of paylines that will pay more than your initial bet when hitting a three-symbol combination.
Many contemporary slot machines have fixed paylines and do not allow players to pick the number of lines they want to play on, so the only control players have on their bet is the multiplier. By choosing the multiplier wisely, they will be able to better control their winnings. Also, always remember to check the paytable of every machine carefully in order to make sure it offers a combination that is to cover your initial bet.