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www.wizardofodds.com is a great site that will tell you more than you ever wanted to know about the probabilities built into all of the casino games, including several versions of VP. There are also online java games that will correct you if you make a bad play.
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Originally Posted by DMark
(Post 7097891)
Do they advertise that ALL their slots are 99%? Usually, most casinos (especially off-the-Strip) have certain banks of machines with payouts of 99% and even 100%...but that doesn't mean ALL of the machines in that bank of slots. It means one, maybe two of the machines are set to pay out that high percentage (good luck at figuring out which machine it is)...but even that doesn't mean you will win every single time...
If someone just hit a large jackpot, that machine might get very tight until the payout is back to an even 100% and no longer in the minus %...so you could be feeding your money (and still lose) in the loosest of machines, in order to make up for the recent payout(s). |
Baloney. Your chances of winning are the same on every pull of the handle or punch of the button and this does not vary, except for the amount of the progressive jackpot if any, depending on whether someone recently hit a jackpot on that machine.[/QUOTE]
Assuming you are playing one of those 99% slots, that means they pay back 99% of what is put in. So, technically, you are correct - you could have a machine hit two or more jackpots in a short period...but 99% means just that - the machine cannot, by definition, pay out forever...somebody is going to have to feed this "loose" slot in order for others to win. Otherwise they would advertise them as 200% payouts, or 1000% payout machines. The machine is not going to keep popping up with jackpots forever, ergo, you can be the schmuck who plays the loosest slot in town and still not win diddle squat. |
Originally Posted by baccarat_king
(Post 7091470)
If you are referring to 9/6 Double Double Bonus Poker; the expected return (ER) is 98.98% but the variance is 41.98; which makes it a risky game.
Some games are have a postive ER; but you always have to weigh the variance of a given game (since the higher the variance the higher the volatility). That being said, Loose Deuces Wild has a Variance of 70.70 and a ER of 100.15%; but a much safer game is 8/5 Bonus Poker with an ER of 99.17% and a variance of 20.90. Probably the biggest complaint is finding the full pay machines in the denomination that you want on the strip --- but, in all cases, the ER on the worst video poker is much much better than slots (which can have an ER in the low 80% range) -- that is why the casinos give you fewer comps for VP play (in comparison to reel slot play). Of course, the above VP numbers assume you are playing perfectly, which folks seldom do --- especially with some of the more esoteric games. My suggestion would be to learn one strategy well (like 9/6 JoB which works well for 8/5 BP) and stick to that; and learn to identify the good full pay machines (which are often right next to the short pay (bad) machines). |
Originally Posted by DMark
(Post 7101684)
Assuming you are playing one of those 99% slots, that means they pay back 99% of what is put in. So, technically, you are correct - you could have a machine hit two or more jackpots in a short period...but 99% means just that - the machine cannot, by definition, pay out forever...somebody is going to have to feed this "loose" slot in order for others to win. Otherwise they would advertise them as 200% payouts, or 1000% payout machines. The machine is not going to keep popping up with jackpots forever, ergo, you can be the schmuck who plays the loosest slot in town and still not win diddle squat. |
Originally Posted by standby my man
(Post 7102215)
Where do the ER stats come from, and do they give specific casino figures?
So a 9/6 JoB game with an ER of 99.54% has a 1 coin Paytable of 1-2-3-4-6-9-25-50-250 an an 8/5 JoB game with an ER of 97.30% has a 1 coin Paytable of 1-2-3-4-5-8-25-50-250 and there are other varieties of paytables above and below these percentages depending on additional variations to the paytables. |
You can't know the ER without knowing the probability of each category of payoffs. So, who gave you the ER percentages and are they necessarily valid?
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Baccarat-brilliant analysis. If one did roll snake eyes again it sure wouldn't mean a 200% payoff - $370 wagered and $720 returned ain't 200%. It was a cool example, though. You probably impressed someone. You make believe probability experts mostly ain't.
But, in your example the payout is almost 200% based on those rolls. Not likely to stay at that with more rolls, obviously. |
Originally Posted by standby my man
(Post 7107560)
You can't know the ER without knowing the probability of each category of payoffs. So, who gave you the ER percentages and are they necessarily valid?
anyway, Michael S. The Wizard of Odds does a good job presenting probability and return of each hand under optimal (99.54%) and simple strategy for 9/6 JoB on a full pay machine. Of course, you could always run the numbers to verify the above. :D |
Originally Posted by standby my man
(Post 7107560)
You can't know the ER without knowing the probability of each category of payoffs. So, who gave you the ER percentages and are they necessarily valid?
The casinos cannot change the probabilities in a VP machine, well at least not legally. The modify their expected profit by reducing the pay table. As noted above a 9/6 machine is the best for Jacks or Better at 99.54% return to the player - assuming perfect strategy. You are NOT going to find this machine at a strip casino that needs to pay for volcanoes, white tigers, giant fountains and so on. They will probably have 8/5 at best. I notice the games built into the bar are often even worse at 7/5 - I guess they assume you are taking more "free" drinks sitting at the bar. Will you find 9/6 at places that cater to the locals and want to attract the more serious gamblers. On slots, only the casino knows the expected return. Here is a great explanation of how the probability is determined. http://wizardofodds.com/slots Towards the bottom you will find a link to a ranking (several years old) of experiments showing which Vegas casinos have the loosest slots. I believe this was based on actual play, not analysis of the probability tables which are confidential to the casino. |
It seems to be very hard for most people to accept that slots do use a RNG and each pull of the handle has the exact same odds as the pull before.
The majority of slot players want to believe and I think need to believe that they will find a "hot" machine and make a killing. While it is possible that they could win a jackpot or two or three in sequence, the probability of it happening is slim. This small chance to win is what keeps the slot players sitting for hours in front of a machine until their money is gone. And this is also why the casino's can spend billions of dollars enlarging their hotels and creating larger areas for slot players. |
Originally Posted by tev9999
(Post 7108024)
As noted above a 9/6 machine is the best for Jacks or Better at 99.54% return to the player - assuming perfect strategy. You are NOT going to find this machine at a strip casino that needs to pay for volcanoes, white tigers, giant fountains and so on. They will probably have 8/5 at best. I notice the games built into the bar are often even worse at 7/5 - I guess they assume you are taking more "free" drinks sitting at the bar.
Currently (and this can change overnight) you still have some at : Caesars ($1/$2/$5 MG/MD TITO slant tops in the high limit palace court) Paris at the $5/10/$25 level (and also at Bally's at this denomination) Wynn Las Vegas has a lot from 25 cent Spin Poker Deluxe and MG/MD/TITO from 25c/50c/$1 --- almost too much to mention Venetian also has 9/6 at the $1 and $5 level. Yes, you will definitely find more at the locals places --- such as Gold Coast and Palms; but, there are limited selection of playable games on the strip. Unfortunately, the full pay and short pay machines are often in the same banks --- so, you really need to check very carefully. |
The Hard Rock also has some full-pay VP machines -- you just elect to forego comps on those. You need to figure the value of comps into the ER.
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Originally Posted by standby my man
(Post 7097576)
I don't understand why the slot return is set so much lower. What are the casinos thinking? I know it's Vegas, but the Peppermill in Reno advertises
99% return on slots, and, as someone mentioned, the regulators have pretty strong oversight. Only some machines pay back 99%. That being said, say EVERY machine paid back 99% all the time. You give me $100, I give you $99. Rinse, repeate. I win |
Originally Posted by LV702
(Post 7108695)
Only some machines pay back 99%.
That being said, say EVERY machine paid back 99% all the time. You give me $100, I give you $99. Rinse, repeate. I win |
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