Archive for April, 2011

Can I Win at Slots in the Long Run?

Friday, April 8th, 2011

The short answer to the above question is no.  Though it should come as no surprise that a casino game isn’t beatable, it would be more satisfying to know the reasoning behind this, rather than simply stating it.  After all, slots are an immensely popular game, not to mention that we have all heard stories about someone hitting it big on a slot machine.  Frankly, these accounts are a godsend to the casino, as they serve to attract more players, who will then slowly bleed away their money on the slot machines.

Las vegas Slot MachinesNow for the longer answer: slots aren’t beatable in the long run because the machines are programmed to only pay back a percentage of the money played in them.  Penny slots usually have the worst return percentages while higher increment machines will have better returns.  Though they can be much lower, common paybacks are between 94% and 97%.  If you play a machine with a payback of 95%, you can expect to lose $5 for every $100 you play.  Of course, this assumes a relatively large sample size (we’re talking in the millions), so individual winning and losing will vary depending on how often the machine is hitting.  This depends on random number generator that slot machines use to determine which images will show up on the pay line, with the more valuable payout combinations being generated less frequently.  This generator is programmed for the long haul, though, so it is entirely possible that you could win two jackpots within a few spins while someone could feed the machine thousands of quarters and get next to nothing back.  All that matters to the casino is that the machine makes a profit over the course of millions upon millions of spins.

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