hi and welcome to our series ofeducational videos that are designed to make you a smartergambler my name is steve bourie and i'm the author of the american casinoguide which is the number one bestselling book in the us on thesubject of casino gambling and travel any the only book that comes with more thanone thousand dollars in casino coupons if you want to know more about me or mybook be sure to visit my website at americancasinoguide.com in this video i'll be speakingwith gambling expert michael shackleford who is also known as the wizard of odds andi asked him all about slot machines
we videotaped this interview with mikein las vegas in september 2010 and am sure that it will help to answer manyof the questions that you have about slot machines. how do slotmachines at work? the way slot machines work whether theybe physical reels or a video slot is themoment the player presses the spin button random numberswill be picked from a certain range and they willbe mapped to positions on the reel strips one random number for each reel
the game will score whatever the playergot and pay the player so each wheel is independent and theoutcome is determined the moment the player hits that spin button.does it matter if you push the spin button or pull the handle? absolutely notwhether it be pulling the handle or pressing the buttonthe moment you do either one of those is when the machine picks it's randomnumbers which determine what you will win isthere such a thing as a loose or a tight slot machine? there is adifference between
a loose machine and a tight machineaccording to the the prompt chip which is thecomputer chip that the slot machine manager decides to putin that machine one slot manager may decide toset his slots at 92 percent and another one at 90 percent however the players are not going toknow what chip is in that machine and you hear players complain all the time this machine is a cold machine the reason that player is complaining isprobably because he just had bad luck
it takes millions of spins for a slotmachine to start to approach the the theoreticalpercentage that it's supposed to pay in the short run anything can happen aswith any form a gambling is there any way to tell if a casino hastight or loose slots? nine years ago i did a survey ofall of las vegas and tested how loose they set their slot machines and a few rule sof thumb that i can give youand there are plenty of exceptions to this rule one is that the nicer the casino
the tighter the slots and rule numbertwo the further away you get from the strip the looser the slots can someone in theback room just flip a switch to change thepayback percentage on a slot machine while you are playing it? there's acommon myth that some guy in a back office somewherecan flip the switch and change the slot machine from beingloose to tight that absolutely is a myth with most slotmachines if you want to change the theoreticalreturn percentage
you have to get a key open it up changethe chip do some paperwork here in nevada youwould have to fax a form to the gaming control board telling them that you made this changebecause they can do surprise inspections at any time and make sure that the returns on themachines are set to what you say they're set to an exception to what i just said iswhat's called server-based slot machines is a not very common yet but somecasinos are using them
now with server-based slot machines the return percentage can bechanged from a distance by say the slot manager at his desk however there areregulations in place to prevent abuses of this as i understand it the the machine cannot be changed unless it hasn't been played for atleast four minutes if i'm not mistaken is it a good idea to always bet maximumcoins?
it depends on the game with slotmachines if you're playing a progressive game andyou have to make a max coin bet to hit the progressive indeed you should bet maximum coins if there's obviously a big incentive to play max coins, for example onecoin in jackpot pays 1000, two pays 2000 but 3 pays10,000 that is a big economy of scale forbetting three coins you should do it
however if there is just a smallincentive or no incentives at all to bet maxcoins i would recommend not doing so the way a slot managers settheir machines the higher the denomination the higherthe return percentage so if you want to get the best returnout of a slot machine i recommend playing the highestdenomination you're comfortable with and then the fewest coins possible if you play machine for 30 minutes andthen leave, someone then plays and hits a jackpot
would you have won if you had stayed? it's a common myth that players willcomplain that after they left at machine thatsomebody else came down, played it and stole their jackpot for example i was playing this machine for eighthours i took a break to have lunch or go tothe bathroom somebody sat down and met my machine and hit that jackpot that should havebeen mine and it's a absolutely
unjustified accusation to make every single time you play a slotmachine the results are independent of anything that's happened in the pastthe odds are absolutely the same on every single spin much like say craps orroulette if a machine just hit a jackpot, is it abad idea to continue to play that machine? another myth about slot machines is thatonce it hits a jackpot you should leave it alone because it's gonna be cold forawhile to get back in balance absolutely nottrue
the odds are the same every single timeyou play it even if the last 5 spins all hitjackpots the odds are still gonna be the same on the very next spin and yourprobability of getting that jackpot is the same as the exact same looking machine nextto it that hasn't hit the jackpot in five years is the pay back percentage on a machinechanged in anyway when someone uses their player's clubcard? the return that a slot machine is set topay is the same regardless of
whether or not a player puts in a player'scard it's a common myth that putting in a player card will causethe machine to pay less absolutely not true makes no differencewhatsoever in terms of how much the machine isgonna pay is a slot machine ever due to hit? absolutely not as i've said before every time you play it the odds are thesame and independent of the past. there's a common myth that the machines pay in cycles and
or at the machines have some sort of agravity to the return percentage and if it hasn't hit for a while then theodds are going to improve of hitting the jackpotabsolutely false the odds of hitting a jackpot are thesame every single spin and it doesn't matter when the last jackpot hit what is your best advice for slot players? my best advice for slot players is to switch to video poker slotmachines are a lousy bet you run a lot of moneythrough the machines per hour
it's the most probably the mostexpensive form of gambling in the casino if video poker interests you whatsoever i would highly recommend studying videopoker and looking for the good pay tables do a little bit of homework and your money will last much muchlonger in video poker than slot machines how can people learn more about you andyour work? i\if you want to improve your odds in any casino game i welcome you tovisit my website wizardofodds.com it'll show you the correct strategy toat least a hundred different casino games or you can buy my book gambling102
which will show you how to play the mostcommon casino games don't forget that you can see more ofour educational gaming videos on our youtube channel just go to youtube.com/americancasinoguide
Just got my check for $500
Sometimes people don't believe me when I tell them about how much you can make taking paid surveys online...
So I took a video of myself actually getting paid $500 for paid surveys to finally set the record straight.
Comments
Post a Comment