Penny Slots Odds
The Math of Casino Slot Machines. For every dollar you wager in a slot machine, you will lose 100% - Payback% of that dollar. For example, you're at Bellagio playing the $1 Double Diamond slot, wagering Two Credits ($2) per spin. According to the table, for every $2 spin you will lose 5.33% of that bet. Just shy of 11ยข. I can't quote a precise number on the 'odds' when playing penny slots, but the staff will tell you that the odds are much better on the 25c, 50c, and $1 slots. You're simply not going to win on those penny slots unless you 'bet max'. And when you bet the max, you're doing 40 lines times 5 or times 10 (as much as $4 or $5 when betting the max).
- This section is about the penny slots winners - millionaires who beat the odds. Alberto Lopez, a 51-year-old construction worker decided to head over to Jackson Rancherio. He put $100 in the penny machine when his luck came through and he hit the jackpot for $1,129,009.20.
- Slots with The Best Odds While it may not be possible to use strategies to improve your chances of making a profit, your odds of winning can vary a lot with the games you choose to play.
Slots odds are the probabilities of getting a winning combination on the reels. They depend on the type of slot machine you play. Originally the odds were very easy to calculate as the only thing the players had to consider were the number of reels and the symbols used on each of the reels. As a result, the 3-reel slot machines are traditionally believed to be better for player's winning chances, and thus the more reels and symbols on them, the lower a player's advantage.
How to Calculate Odds
The odds of getting any combination on the slot reels are easy to calculate if you know the number of symbols used on each reel. Let's take a closer look at the odds and consider an example:
If you have to make a line of 3 diamonds on one payline to win the jackpot, it is most likely that each reel has only one diamond symbol on it. If the machine is a 3-reel one and there are 20 symbols on the reels, the chances of hitting this combination are:
Possible combinations on the reels: 20 x 20 x 20 = 8000. The odds of getting this combination are 1 in 8000. For a 5-reel slot machine the chances are even less: 20 x 20 x 20 x 20 x 20 = 1/ 3,200,000 (1 in 3,200,000). The slots probabilities are usually shown as a percentage, so for 3-reel and 5-reel slot machine with 20 symbols on each reel we have these probabilities:
However, the number of symbols on the reels can differ from machine to machine, and that is why the slots odds are different. Here we look at some more examples of slot machines containing 3 and 5 reels each with different number of symbols on them - for these examples: 20, 22 and 25.
| Slot Machine Type | Number of Symbols | Number of Combinations | Odds | Probabilities |
| 3-reel | 20 | 8,000 | 1 in 8,000 | 0.0125% |
| 22 | 10,648 | 1 in 10,648 | 0.0093% | |
| 25 | 15,625 | 1 in 15,625 | 0.0064% | |
| 5-reel | 20 | 3,200,000 | 1 in 3,200,000 | 0.0003125% |
| 22 | 5,153,632 | 1 in 5,153,632 | 0.0000194% | |
| 25 | 9,765,625 | 1 in 9,765,625 | 0.00001025% |
Slots Payback Percentages
Penny Slots Odds
The slots payback or return is the amount of money the slot machine pays out as winnings, against the total number of credits wagered by players. The payback is always shown in percentage.
The main idea behind counting the odds in slot machines lies in understanding how the machine pays out money. Unlike what many people believe, not everything is random in a slot machine. Slots are programmed to pay out a certain percent of the money put in with each play.
For example, one machine may pay back 80% of bets while another one may pay back 91% and even 100%. This means that for every dollar put in the machine the casino takes 9 cents and pays out 91 cents. But it does not do it for every dollar put in, it just pays out explosively and this is what makes the game so great.
You must remember that there are two basic types of slot machines. These are:
- Loose slots are slot machines that are programmed to return 82-98% of the wagered money, or even more if you play slots online. As a rule, high-denomination slots pay out more than those offering, for example, $0.05 or $0.25 bets. For more about typical paybacks on different slot machines please read the strategies page.
- Tight slots are machines that pay out less than 80% and sometimes down to 50% of the wagered money. To avoid playing at these slot machines try not to gamble in motels, airports, bars, gas stations, etc. The payback percentages vary from casino to casino and that is why it may be difficult to find the best machine in the gambling hall.
Penny Slots Best Odds
As you understand, one of the best slots tips on how to win at slots is always to look for the loose machines. It can be easy if the gambling hall shares this information with the visitors. In any case you can gamble on the Internet as most online casinos provide the statistic data about their slots games. So, when choosing one of the casinos recommended by SlotsDoc.com you can expect such paybacks: