Loose Slot Machines
Wouldn’t it be great to know the loosest slots in any Las Vegas casino? Well, you can, and it’s easier than you might think.
Loose slot machines generate winnings more frequently than other slots. Over the years, attentive players have learnt to recognize profitable slots at land-based casinos. Loose slots tend to stand in the middle of the gaming hall. Most of the time, they’re occupied by players. Most of the slot machines have between 80 and 90 percent return to player rate, which means that if you wager 100 dollars, you will get between 80 and 90 dollars back. Now we come to the loose machines. It is said that there are machines that have a much higher RTP rate that goes up to 98 percent. This means that if you bet 100 dollars, you. Loose slot machines online offer real slots casino gambling with exciting deposit bonuses and fast payouts. Features instant play. Welcomes worldwide players. Oct 08, 2019 While the best slot machines will vary within each casino, some hotel-casinos in Las Vegas are known for being slightly more loose than others. The Rivera, Harrah's, the Luxor, and Mandalay Bay are among the hotels on or near the Las Vegas Strip with the best slots, while off-strip locations like Main Street Station, Binion's, Four Queens,.
A “loose” slot, of course, refers to a machine that pays out frequently and in large quantities, every player’s dream. Those machines are also described as being “hot.”
In the parlance of casinos, loose slots can be said to have the lowest casino “hold.” The hold percentage is the part of a machine’s “coin in” that the casino keeps. Hey, these casinos aren’t going to carpet themselves.
The lower the hold percentage, the more a slot machine pays back to guests. The secret to finding the loosest slots in a casino, then, is knowing which machines have the lowest hold percentage.
Many believe this information is a closely-held secret, but here’s an easy way to find out which slots are the loosest: Ask someone who knows.
Crazy, right? Every casino with slot machines has a Slot Manager, often called the Slot Operations Manager. This person, who you will never see without a suit and tie (yes, they tend to be male), knows precisely what the hold percentages are for given machines, or more typically for banks of machines.
It’s the Slot Manager’s job to monitor how machines are performing, if they’re delivering sufficient profit to the casino given the space they take, if new machines are needed, where they should be placed on the casino floor and myriad other duties.
If you want to know which slots in a casino are the “loosest,” simply ask a Slot Manager.
These are some of the loosest slots at The D Las Vegas. How do we know? We asked.
Here’s how.
Ask anyone on the floor if the Slot Manager is available to chat. Slot attendants and cocktail waitresses can be very helpful tracking them down. Hint: Be professional and courteous.
Introduce yourself to the Slot Manager and let them know you’re interested in locating the slots with the lowest hold percentage on the floor. Slot Managers are busy people, so while there’s no harm in schmoozing, don’t be shy about getting to the point.
In most cases, a Slot Manager will either point you toward a bank of machines or escort you there. Express your appreciation accordingly, and it’s time to play!
That’s it. No, really. It’s that easy.
All this begs the question: Why would a casino employee tell a player the best-playing slots in the casino?
Simple: Casinos just want people to play, they don’t care which machines they play on.
Why? Because no matter which machine you play, the house has the advantage. It’s built right into the machine’s microprocessor. Even if a machine has a great payback percentage, say 98%, it will keep $2 for every $100 put into the machine. Many machines keep significantly more.
As a rule, slots are looser at locals casinos than downtown casinos, and both pay back more than slots on The Strip. The more you know.
Now, if you can’t locate a Slot Manager, you can fall back on tried-and-true ways to find the best-paying slots.
A solid rule-of-thumb is the more active a bank of slots is, the higher the payouts tend to be. Casino regulars see patterns, so follow their lead.
It’s also good to know that the higher the machine’s denomination, the more generous and frequent the payouts. For example, a $5 coin machine is going to have a higher payout percentage than a quarter machine, and so on.
And finally, don’t discount the advice of those slot attendants and cocktail waitresses we mentioned. They, too, can see patterns in machine payouts. They may not be privy to the same information a Slot Manager has, but they can often point you toward the machines showing signs of being “hot.”
The next time you’re in a casino, remember our simple tip for finding the loosest slots: Ask a Slot Manager.
And remember to have fun when you play. That way, whether Lady Luck is in the mood or not, you’re always a winner.
A slot machine is loose when it pays out a lot of money. It also needs to do this often to be considered loose. You’ll see some writers say that a loose slot machine is one with a high payback percentage, but that’s not enough to qualify as loose. It also needs to have low volatility.
Loose Slot Machines In Vegas
What’s the difference?
The payback percentage is a function of how much the prizes pay compared to how often they hit. I could create a slot machine that pays off only one prize every million spins and that pays off 1.2 million coins when it does.
That machine would provide the player with an edge, a payback percentage of over 100%, but it still wouldn’t be a “loose” machine. In fact, it would be one of the tightest machines in the casino, because it only hits on average once every million spins.
That’s what volatility means when you’re playing slots. The more often a game hits a winning combination, the less volatile the game is. Most slot machine games have a hit ratio of around 30% or so now, which means that you’ll see some kind of win about 1/3 of the time.
The size of the wins is small enough that the game still makes a profit for the casino.
Your goal should be to find the loosest slot machines you can.
The Best You Can Do Is Estimate
The math behind slot machines and other gambling games is based on long-term results, not short-term results. You can make some guesses about the settings for a game based on short-term results, but they’re not necessarily accurate.
Here’s one way you could measure the hit ratio for a slot machine game, though:
You could track how many spins you make, and also track how many of those spins resulted in a win. That would provide you with the actual hit ratio for that session.
For example, if you made 300 spins on a slot machine over the course of half an hour, and you saw 100 winning spins, you had a hit ratio of 33.3%.
If you only saw 50 winning spins, your hit ratio would only be 16.67%.
The game with the 33.3% hit ratio is probably “looser” than the game with the 16.67% hit ratio.
The Concept of Naked Pulls
Years ago I read a book about strategy when playing slot machines by John Patrick. It’s a terrible book, and I don’t recommend it.
But he did offer one concept that I thought was interesting:
The naked pulls concept.
A naked pull is one in which you get no winnings at all.
Patrick’s advice is to quit playing a slot machine once you’ve had a certain number of naked pulls in a row. I don’t remember if the number he suggested was 7 or 9, but it was something like that.
Here’s the thing, though:
A slot machine could have a hit ratio of 50% and still see 7 or 9 losing pulls in a row. It won’t happen often, but it will still happen several times a day just because of random variance.
Slot machines aren’t set on times or cycles. They have a random number generator which determines how often a winning symbol gets hit, but it doesn’t have a memory of what happened on previous spins.
Every spin of the reels on a slot machine is an independent event. This means that it isn’t affected by the previous spin.
Some of the time, if you walk away from a machine that has had several losing spins in a row, you’ll have avoided a tight machine.
Other times, you’ll just be walking away from a loose machine for no reason other than short-term variance.
What’s More Important? Hit Ratio or Payback Percentage?
Deciding which of these 2 factors is more important is more about your temperament as a gambler than anything else.
If you’re impatient and don’t want to lose a lot of money fast, you should look for a game that seems to have a high hit ratio. I’ve played slot machines in land-based casinos which hit 40% of the time while I was there. I didn’t walk away with a lot of winnings, because the sizes of the prizes were low.
But I didn’t lose a lot of money, either.
You could find a game with a hit ratio of only 20% that has a payback percentage that’s 5% higher than a similar machine with a 40% hit ratio.
You can’t really rank these 2 factors in importance, because they fall into a relatively narrow range.
Most slot machines have a hit ratio in the 20% to 35% range, and their payback percentages fall in the 75% to 95% range.
The payback percentage has the bigger range, but it’s impossible to calculate with any degree of statistical confidence.
How Would You Calculate a Payback Percentage for a Slot Machine Based on Your Actual Results?
The math behind calculating a payback percentage isn’t hard. You just calculate how much money you’ve wagered in a machine and how much you have left when you’re done. The amount you’ve lost is divided by the amount you’ve wagered to give you the actual payback percentage for that session.
I did this as an experiment not long ago. I played a slot machine for $1.25 per spin over the course of 400 spins. It’s easy to see how much I wagered in that scenario – it was $500.
When I finished playing, I had lost $100, which meant that I’d gotten $400 back in winnings from the game.
This means I lost 20% of what I wagered, which would be the game’s “hold.”
Loose Slot Machines In Delaware Park
The payback percentage was 80%.
What does that say about how loose or tight the game is?
Not much.
When you’re calculating things like payback percentage and house edge, you’re calculating statistical events.
And if you’ve read much of what I’ve written about probability and gambling, you already know that in the short run, anything can happen.
If I’d finished that session with $600 and a net win of $100, I’d have seen a payback percentage of 120%, and I can promise you one thing:
That’s NOT the long-term expected payback percentage for that slot machine.
It can be a fun exercise to keep up with your actual payback percentage over time. If nothing else, it slows down the number of bets per hour you’re making, which will have the indirect effect of reducing your average hourly losses.
Loose Slot Machines In Vegas
Some Tips for Finding Loose Slot Machines
The problem with offering tips for finding loose slot machines is that many of them are based on pure conjecture.
For years, everyone suggested that you play the slot machines closest to the walkways in the casino. The premise was that some slot machine technician had suggested the managers put the loosest machines there so they could attract more gamblers.
This is a myth that has since been dispelled.
Another piece of advice you’ll often see is that you should play flat-top slot machines instead of progressives. In this case, I lean toward believing this one. You could play a progressive slot machine where the jackpot is high enough that you could have an edge over the casino, but it would still be tighter than a game with a 1000-coin jackpot.
Here’s why:
In other words, if you’re not likely to hit the jackpot in your lifetime, it might as well not exist when calculating how loose or tight the game is.
You’ll also see people advise you to play for higher stakes. The idea is that the payback percentage goes up as the denominations go up.
This is likely true, too, but you still shouldn’t play for stakes you’re not comfortable with.
Conclusion
The best possible advice I could give you about finding a loose slot machine is this:
Give it up.
It’s virtually impossible to accomplish this goal.
Also, almost any other game in the casino will cost you less money in the long run than the slot machines will.
But if you are going to play, at least try to play the games with the flat top jackpots for the highest denomination you can easily afford.