If there are several exactly the same slot machines in a row, is the payback exactly the same on each one? Do all the same type of machines throughout the casino have the same return percentage?
[Editor's Note: This was a question that was tailor made for Michael "Wizard of Odds" Shackleford, author of our book Gambling 102, which recently came out in its third edition. Here's his answer.]
This is one of the most frequent questions I get.
My quick answer is that for the same game and denomination, the payback percentage will be the same throughout the casino.
It's a myth that looser machines are placed in high-traffic areas, on the edges of banks, or anywhere else correlated to location. It's also a myth that the payback goes up and down like a yo-yo, according to how busy the casino is.
How do I know, you might ask?
In 2001, I published a list of return percentages for every hotel/casino in Las Vegas. To do that survey, I had par sheets that listed the return percentages for several popular games at that time. With the par sheets and looking for certain sequences of symbols on the reels, I could determine the payback percentage the game was set to.
I did a random sampling of several games in each casino and found no correlation between location and return percentage. Most casinos were very consistent in how they set the nickel games, which is what I studied at the time.
Sometimes there were outlying cases, but I believe their locations were random.
|
jstewa22
May-02-2024
|
|
shadow520
May-02-2024
|
|
Bob
May-02-2024
|
|
RickZ
May-02-2024
|
|
Reno Faoro
May-02-2024
|
|
Gene Brown
May-02-2024
|
|
Marla Corey
May-02-2024
|
|
O2bnVegas
May-02-2024
|
|
jay
May-02-2024
|
|
jay
May-02-2024
|
|
dblund
May-02-2024
|