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By John Grochowski
Maggie is a friend of a friend of my wife’s, someone I met at as holiday party when someone told her I was just the person she needed to talk to about slotmachines.
“Tell me how to win,” she said, and I laughed. That’s the most common request I get about slot machines, and it’s one I can’t fulfill. There’s nothing you can do to change the resultsdetermined by a machine’s random number generator.
“All right then. Tell me something. I was in a casino last week, and they had a sign up that said ‘Our slots pay back 93 percent.’ Does that mean every machine pays 93 percent?”
No, it doesn’t, I told her. Each casino has a wide range of payback percentages within its game mix. By and large, higher denominations givemore money back to players --- dollar machines pay more than quarters which pay more than nickels which pay more than pennies.
Even within the same denomination, there’s room for a range of paybacks. In a casino whose nickel games return 89 percent of money wagered to players, there’s likely to be games that pay inexcess of 90 percent, and games that pay 85 or 86 percent.
For that matter, it’s possible for games of the same denomination and theme to have different payback percentages. A quarter Red, White and Blue machine that returns 93 percent could sit rightnext to one that returns 89 percent. That’s not as common as it once was, but the game chips to make that possible are available to casinos.
“So if there are all those different paybacks, how can they say, ‘Our slots pay back 93 percent’? Where does that come from?”
That depends. Was it a plaque on a wall somewhere? Was it a sign over a particular bank of machines?
“It was on a wall, not really next to any particular games.”
OK, I’ve seen that in a few casinos, but not everywhere. It’s a casino-wide average. The total of all money won by the casino at all electronic gaming devices --- including video poker, videokeno and video blackjack as well as slot machines --- is divided by the total number of wagers at those games. Multiplied by 100, that gives us a casino hold percentage. Subtract that from 100,and you have the payback percentage to players.
For example, if $1 million is wagered on a casino’s electronic gaming devices, and the casino keeps $70,000, dividing that $70,000 by $1 million give you .07, which multiplied by 100 tells usthe casino kept 7 percent of all wagers. Subtract that from 100, and we find that 93 percent of money wagered has been returned to players. That’s the payback percentage.
“But not every machine is paying 93 percent?”
Right. Some payback percentages will be in the 80s. Some will be in the high 90s. Most will be in between. Most of the low-denomination slots will pay less than 93 percent. Most of thehigh-denomination games will pay more. But the casino-wide average in the casino where Maggie plays will come to 93 percent. Other casinos will have their own averages.
“I don’t suppose you could tell me how to tell which games have the better paybacks.”
I’m afraid not. Two slot machines that look identical on the outside can have different payback percentages.
She sighed.
“Oh well. Trial and error it is. At least keep your fingers crossed for a jackpot for me, will you?”
Will do.
Maggie was asking about a sign that listed a casino-wide average, but sometimes you’ll see a sign over a bank of machines that says, “95 percent payback,” or “Up to 98 percent payback.”
Such signs refer specifically to that bank of machines. If it’s specific, with no qualifiers, such as “95 percent payback,” most states require that all machines in the bank be programmed for95-percent return. There’s room for some short-term variation. If you sit down at a 95-percent machine and have a cold streak, running through a hundred bucks with zero return, there is norequirement that the next player get back 190 percent to even things out. Over time, with enough play, your cold streak will simply fade into statistical insignificance, overwhelmed by theresults of hundreds of thousands of reel spins.
Conversely, if you hit a big jackpot, there is no requirement that the machine then go ice cold to get down to the 95 percent target. The machine will keep operating as normal, and over timeyour jackpot will be overwhelmed by hundreds of thousands of plays and fade into statistical insignificance.
When the sign does have a qualifier, such as “Up to 98 percent payback,” then let the player beware. At least one machine in the bank is likely to be a 98-percenter, but others can be lower.Not all states permit such fudging, and this ploy isn’t as common as it was a decade ago, but when you see it, be wary.
John Grochowski writes a syndicated newspaper column on gambling,
and is author of the 'Casino Answer Book' series from Bonus Books.
Signs of slot machine addiction
When gambling on a slot machine, the bond between the gambler and the machine becomes personal, no one to interfere with their gambling and no one to compete against. The player feels a fondness for a particular machine and some players even get irritated if they see someone else playing their machine. If the slot player is playing longer than he planned, spending more money than he can afford, and telling lies about how much he wins or loses, perhaps he has a problem. If s/he is concerned about his behavior while gambling and even during periods when the person is away from the casino, perhaps s/he may have a slot machine addiction. Other signs of slot machine addiction include:
1. Belief that you are not gambling with “real money”.
2. Belief that you will win back money that you lost on a slot machine.
3. Developing a personal relationship or bond with a particular slot machine.
4. Feeling irritation when you see someone else playing on “your” slot machine.
5. Playing a slot machine longer than planned.
6. Spending more money on a slot machine than you can afford.
7. Lying about how much you win or lose on a slot machine.
8. Thinking about playing the slots when you are away from a casino.
9. Problems at work, home or in a social setting due to playing the slots.
10. If you think you may have a gambling problem, you probaby do.
Slot machines are designed to be addictive
Slot machines are also known as VLTs (video lottery terminals) or pokies. The machines are designed with three or more reels that spin when a button is pushed or a handle pulled. The machines have different themes containing graphics and music from popular movies or TV show. The sounds, colors, and images on slot machines have been designed by psychologists to seduce the player and the music reinforces the addictive behavior.
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Dopamine, adrenaline and slot machines
The rapid response from the machine has a hypnotic effect and stirs up the dopamine in our brains. And the speed of slot machine games keeps the gamblers’ adrenaline pumping. Even if the gambler does not win, the machine makes him feel that he almost did. And for the gambler that can be just as great a feeling as winning the jackpot. In fact, the person can sit there for hours just pushing buttons and zoning out because the games require no thought or skill. Many slot players have commented, “I just couldn’t get up and walk away.”
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Instant gratification on slot machines
When a person gambles on slot machines they don’t have to think or plan their next move. They don’t have to wait for cards to be dealt, horses to run around a track, or the end of a sports event, to know the score. Playing the slot machines person knows instantly if he won. Even if he didn’t win, the reels show him how close he came to winning. The machine tells the player that it is ready to pay off because the images on the reels were showing us three, four or five of a kind.
Slot machines are the crack cocaine of gambling
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Slot machines are powerful revenue-generating forces designed to keep the player spending more money. The innocence of the slot machine attracts the gambler as he walks through the casino but the slot machine addiction has been described as the crack cocaine of gambling. The money that people gamble on slot machines typically isn’t important and is treated like Monopoly money. Even when the person loses, they believe they will win back all the money they lost to the machine. To compound the losing of money, several ATM machines are located in the gambling area. But what has your experience been? Are you having trouble with slot machine use? Please share your thoughts below, and we will respond to you personally!