Winning At Slot machines best odds – What Are My Odds? Why Can’t I make a Consistent Return at Slots?
Let’s look at why, in the case of slots, there’s no way to make money long-term. The lines are controlled by random number generators, and over time the five different symbols will come up equally often on each line. Your odds of winning are better than this, as you can hit five bells, five whistles or five of any other set of symbols, so on this machine your odds of any set of five are actually 5 x 0. So once in every 625 spins of this hypothetical machine, you’ll hit your set of five identical symbols for the jackpot.
625 prize, breaking even overall. Of course you can get lucky and hit jackpot on your second spin, walk away and keep the money, technically making a profit. But long-term there’s no way to beat the law of averages, and the house edge will be sustained over any short-term variance in results.
There’s a very nice little piece of software providing virtual testing of this principle, to be found here at Vegas Click. It simulates the return over one wager, over ten, a hundred, a thousand, ten thousand and a hundred thousand wagers, of a bet subject to a house edge, and shows the returns expected in each simulation. Try it out for yourself – it’s cheaper than going to Vegas! Of course, percentage of investment lost is not a real money figure, and you’ll still tend to lose more money in real terms at the more expensive machines, since you’re putting far more money through the machine each hour.
Why Play if There’s a House Edge? Certainly you shouldn’t be playing in order to try to make sustainable returns.
Of course many people enjoy the thrill of a gamble, even if they know or merely suspect that it’s a negative equity investment of their money. Of course, there’s always the chance you may get lucky, even astoundingly so, as some winners of multi-million dollar slots jackpots can certainly attest to. There’s also the enjoyment factor, and playing slots can be a cheap form of entertainment if you stick to a budget and if you actually do genuinely enjoy it! What is the Exact Edge on a Particular Machine?
Certainly it’s against a casino’s interests to publish this information on the front of a machine, and I’m sure many gambling-happy players don’t even realise there is a real house edge, nor know the difference between a game of skill and one of pure luck. Monthly and annual reports are regularly published of the actual pay-outs for given machines, so do your research and you could get a good idea.