Best Slot Machines To Play In Ontario

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The ultimate goal for a slot player is finding a loose machine amidst the vast sea of machines on the casino floor. Some equate the task equal to finding the proverbial needle in a haystack while others concede it is more like looking for a pot of gold at the end of a rainbow. Players dream of finding a loose slot machine but few achieve their goal. One reason for this is that the term “loose” when describing a slot machine is relative to the location and casino.

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A player from Las Vegas who plays slots at a local’s casino getting 98 percent payback would not consider a slot machine in Atlantic City that is set to payback 94 percent as a loose machine. However the player from Atlantic City where the average slot return is 91 percent would consider this same machine a loose one. Older slot machines were set at a higher house percentage than new machines are.

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First, we should define the term loose slot machine. Payback is the overall percentage that a machine will return to the player in the long run. A loose machine is one that is set to pay back a higher percentage than other machines so the term loose would be relative to the other machines in the same casino.

Fact or Myth

Over the years there has been much speculation and conjecture amongst slot players as to where the loose slot machines are located. There are many myths that have been circulating associated with the placement these loose slot machines on the casino floor. Here are a few to consider and some reasoning behind the myth.

  • Loose machines are surrounded by tight machines. The reasoning behind this myth is that many players like to play more than one machine at a time. If a loose machine is surrounded by a tight machine a player will give back the winnings from the loose machine if they simultaneously play the machines on either side.
  • Loose machines are placed by the entrance. The reasoning behind this myth is that people will see players winning and this will entice them to come into the casino and play. The basis for this myth can probably be traced back to downtown Las Vegas where the casinos were in walking distance of each other. People walking down the street could see the players winning at the slots and walk into the casino. Most of the new mega-resorts have multiple entrances so I would doubt the validity of this myth.
  • Machines near the table games are tight. The reasoning behind this myth is that the noise of the machines will distract the table game players. Another reason is that a table game player will be tempted to play any coins they have when they leave the table on their way to the cashier’s cage.
  • Machines near the end of the row are loose. The reasoning behind this myth is that players seeing other players win will be likely to go down into the row to play the machines.
  • Machines near the showroom and buffet are tight. The reasoning behind this myth is that players waiting in line for a show or for the buffet are a captive audience. They may be tempted to play a few coins to kill time while they wait. The machines are tight because they can’t leave the area to play other machines.
  • Machines near the casino cage are loose. The reasoning behind this myth is that the casino wants you to see people winning while you are waiting in line. This will entice you to play more.
  • Round Carousals of machines are looser that rows of machines. The reasoning behind this myth is that the carousels can bee seen from any direction in the casino. They want to put the loose machines where they winners are highly visible.

Think Like a Casino Executive

One of the problems with the myths is that no two casinos are the same. Each casino has a VP of slots who makes the decision about the placement of the machines. Try to think like a casino executive. Where would you put the loose machines?

Casino executives have heard all the myths concerning the placement of loose machines that the players have. If I were the manager I would not put a loose machine on the aisle. I would bury it further down the row. Think of this as reverse psychology. If I know where the players think the loose machines are I would want to put tight machines there instead.

Be Realistic

Unless you play an exorbitant amount of slots, the chances of really identifying a loose slot machine will be slim. You could just as easily have a very lucky winning session on a low payback machines as a losing session on a machine with a high payback percentage. You might never play enough to be sure.

This does not mean you should give up your quest to find loose slot machines. Playing different machines in search of a loose one will add some variety to your slot play. You might not find a loose slot but you might find a new game that you enjoy playing. The hunt for a loose slot machine can be fun and that’s what casino gambling should be.

For most casino table games, a straightforward calculation will reveal the House edge—i.e., the amount the casino can be expected to retain out of every dollar played. That advantage ranges from a low of less than one percent on blackjack (when played with the optimum strategy) to 1.41% on Pass/Come bets at the craps table and 5.26% for American roulette.

Slot machines, however, are an enigma. Without knowing the number of “stops” (resting positions) associated with each symbol on the reel, no such calculations can be made. Even then, the payouts are complicated by the number and frequency of bonus games and multipliers built into the pay tables for maximum bets. Therefore, the most accurate indicator of how much of every wagered dollar the casino expects to keep can only be found in “slots payback percentages.”


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Payback Is Predetermined

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The payback percentage of any given slot machine is the total amount of cash it has paid out divided by the total amount of cash accepted by that machine over a specified period of time, i.e. the ratio of winnings to wagers. If a player bets $1 on each spin for 100 spins and ends up with $97, then the payout is 97:100 or 97%. That’s equivalent to a House edge of 3.0%, which is referred to in slots play as the “hold percentage.”

For each machine, the payback percentage will vary somewhat from hour to hour or day to day, but over the lifetime of the machine it will approach a specific number that was incorporated into its programming at the factory. In fact, casinos select the targeted payback/hold percentages when they order the units from the manufacturer, so the numbers are by no means arbitrary.

Nor do the casinos and manufacturers have unlimited freedom to choose any payback percentage they like. To protect consumers, a minimum threshold is fixed by law. The percentage may not fall below whatever standards have been set by the local regulatory authority. In some jurisdictions, the minimum may be as low as 75%. Typically, there is no maximum limit, but in order for the slot operator to make a profit, the targeted percentage must obviously be less than 100%.

Legal payback percentages are not based on averages, either. Most jurisdictions are like Nevada, where the Gaming Control Board requires that each and every machine in the state must meet minimum payback percentages. The payouts are monitored so that any noncompliant machines can be removed from play and recalibrated. This serves two purposes: protecting players from an unfair House edge and ensuring that the casino earns a predictable income.

Playing by the Percentages

Most slot operators realize that it is to their advantage to offer slots with payout ratios well above the minimum required by law. Market economics is the key determinant. With a payback percentage close to 99%, the casino’s margin is tiny, but volume will be high because players will risk and bet much more money. Conversely, when the payback percentage is low, the profit per wager may be higher, but the volume of play will drop as soon as players figure out how difficult it is to win. They will start taking their business elsewhere.

Best Slots To Play In Ontario

That means the challenge faced by every casino is how to set the slot payback percentages for optimum profitability. The point of equilibrium may be very elastic—anywhere between 80% and 95%, as a rule. The problem for players, of course, is that the casinos do not make this information readily available. At best, they publish a monthly “average,” including the payback rates of all machines in a single figure. Customers have to discover on their own which slots are “loose” (high payback percentages) and which ones are “tight” (low percentages).

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It is worth noting that online slots typically offer higher payback percentages than those found in land-based casinos. That’s because they have less overhead and more competition. Also, slots located in rather isolated areas, such as on Native American Indian reservations, may have much lower payback percentages, owing to the lack of local competition. It certainly pays to shop around and seek out the loosest games available.

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