Why is There a Higher Payback on $1 Slots than Penny Slots?
As long as I’ve been paying attention – and this goes back to the 1980s – slot players have been told that higher denomination slots pay back a higher percentage than lower denominations.
As long as I’ve been paying attention – and this goes back to the 1980s – slot players have been told that higher denomination slots pay back a higher percentage than lower denominations.
Payoffs by bar-coded tickets have been with us for the better part of two decades now, but I still hear from longtime slot machine players who miss having coins pour into a tray after a big win.
One reader wrote to me recently with a question that could only come from a three-reel player. “I’ve noticed that the big-paying symbols are off the line a lot more than they’re on the line,” he wrote. “Is that intentional? Are the games programmed to tease players to thinking they’re close to a jackpot?
It’s not difficult to see patterns in wins and losses, and it’s all too easy to jump to conclusions based on small samples. Over the years I’ve fielded questions from readers who wondered if they should skip drawing to four-card straights because they missed several times in a row and from others who were convinced 20 was a losing hand in blackjack because they dealer drew a few 21s to beat them one night.
At any game, players come in all levels of experience and knowledge. Some are more familiar than others with game rules, strategies or even the mechanics of how to make a bet.
It’s sometimes said that casinos make their money from winners. Of course, every time it’s said, there’s somebody who responds, “Then they should let everybody win and make even more money.”
Players sometimes have difficulty with the idea that slot machine results can be programmed and random at the same time. So for many years, I’ve used a comparison to roulette, where you don’t know when any given number will turn up, but the odds of the game will lead to a 5.26 percent house edge – the same as a 94.74 percent payback percentage.
Video poker games are designed to be as random as humans can program a computer to be. The odds of drawing winning hands are the same as cards were dealt from a real deck.
Still, when odd streaks happen, players can’t help but wonder if something more is going on.
One thing I’ve warned blackjack players about is games that pay less than the standard 3-2 on blackjacks. If you play video blackjack, you have to be extra watchful, as one reader learned.
Pai-gow poker is known as an even-keel, extended play kind of game. The Fortune Pai-Gow side bet injects a little excitement for jackpot hunters, including a big payoff of 5,000-1 on a seven-card straight flush that does not include the joker. That’s about a 4.8 million-to-1 shot, but hey, we can dream.
When video slots first came out, it took only a single bonus event to entrance players. Neighbors would stop their play to watch whenever someone went fishing in Reel ’Em In or chose their Chinese foods from the menu in Fortune Cookie.
Players usually don’t notice, or even have a chance to see, behind-the-scenes procedures that are important to the house.
Not long ago, I received a note via email from a craps player who was taken aback when a shooter rolled five sevens in a row. “It would seem to me there has to be a makeup time to get the odds to come out right,” he wrote. “What’s the hidden factor that balances those five 7s in a row?”
WMS Gaming has long been an innovator in slot machines, with games such as Jackpot Party and Reel ’Em In becoming casino standards, and Lord of the Rings, the Monopoly series and others taking gaming in new directions. But WMS has not been a major player in video poker, a field dominated by International Gaming Technology. WMS is trying to change that with a couple of new products, and one I find particularly intriguing is Winning Streak Poker.
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