Slot machines play at super speed – around 14 spins per minute. The best way to get the most for your money is to take a few breaks. That will extend your play over a greater period of time.
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And yes, there are many roulette whales, but the game of choice for your typical Casino Whale is baccarat, particularly in Macau. One of the world’s most famous whales, the late Kerry Packer, probably had a lot to do with this statistic. In April 2017, a group of Casino Whales won $10million at the Wynn Palace Macau. There are games similar in nature, but nothing that’s a complete replica of the Whales of Cash slot machine. You shouldn’t have any issues finding a Whales of Cash slot machine in your local casino. It’s available across the US, from Michigan to Biloxi, Mississippi. If they don’t offer the stand-alone game, look for a bank of Wonder 4.
Keep your bets low and avoid max bet
To extend your play time, your best strategy is to make smaller bets and avoid max bet because it can drain your bankroll quickly.
If you do decide to avoid a max bet, be sure you’re not playing a machine that requires a max bet to be eligible for the top prize. Learn more about max bet and how betting affects your payouts.
Tip
Playing max bet can add up. Max bet on penny or nickel machines can cost more than playing on a dollar machine.
- Machines with bigger jackpots tend to have less frequent payoffs and will deplete your bankroll faster
- Stick to machines with smaller jackpots but more wins to make your money last longer
- To get a better understanding of prizing, check paytables or ask a slot attendant
Pace yourself
Keep it slow and enjoy your play – it’s not a race. Take breaks every so often so the fun lasts longer.
Don’t chase your losses
Don’t keep gambling to win back lost money. The odds don’t favour it.
Tip
No one wins every session they play. Sometimes it’s best to lose a small amount and walk away.
Keep your winnings and bankroll separate
Keep your initial play amount and your winnings separate. Only play from your original bankroll and stop once it’s gone.
Playing slots can cost you. But how much?
Adjust the settings to reflect your usual style of slot play.
YOUR WAGER SPEND
Want to learn more about how slot machines work?
Go to the Random Number GeneratorTYPE OF DENOMINATION
When you put your money in a slot machine, it’s converted into “credits” which can be valued from pennies to $100. Each spin then costs a certain amount of credits depending on the game and your selected betting options. That’s why players talk about penny slots or nickel slots – they’re referring to the machine’s credit value, called the denomination.
LINES IN PLAY
A payline is a lineup of specific symbols on which a payout will be awarded. Paylines can line up in horizontal, vertical, diagonal or even zigzag patterns for a win. You can bet on as many paylines available but each additional will increase your cost per spin.
BET PER LINE
The number of betting units/credits wagered per line in play.
When it comes to prizing, every machine is different. The Paytable is the key to knowing your slot machine’s payouts. It shows you the prize value, winning symbol combinations, and which bet sizes correspond to each prize.
SPEED OF PLAY
The average time taken to start a game i.e. set your bets and paylines, hit the spin button, get the result and purchase the game again (spin again).
Track your play the easy way
Take advantage of the My PlaySmart tools at OLG Slots at Georgian Downs and Shorelines Casino Belleville to:
- Set the amount of time you want to play
- Set the amount of money you plan to spend
- Get on-screen notifications of the time and money you’ve spent throughout your play session
Check out the easy way to keep an eye on your play.
Buddy up
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- Grab a friend and go to the slots with an agreement to only spend a certain amount. Keep each other honest
- Plan to stop each other from going over the limit
A 2011 Massachusetts law allows for the expansion of gambling, including slot machines. That law is now on the November 2014 election ballot for potential repeal.
This is a real opportunity for voters to consider where slot machine income comes from. Also, since slot machines are the most addictive form of gambling, Massachusetts voters should consider the source of gambling revenues, and whether slot machines are fair to gamblers. Let’s see what current research shows.
Slot machine profits
The industry estimate for slot machine “profits” is around $100,000 per machine per year of player losses. (See, for example, slot machine revenue in nearby Connecticut.)
These losses add up fast. A gambler who plays for just three hours one evening per week, and makes fairly small wagers of $1 per spin, would lose approximately $1,000 per month, or approximately $12,000 per year, on average.
This is a very high cost of entertainment for what would appear to many as a relatively low wager per spin and relatively small number of hours per week. For many patrons casino gambling is much more expensive than going to big-name concerts or professional sporting events such as the Red Sox, Bruins, Celtics, or Patriots.
Of greatest concern are players with a gambling problem, or those who may develop a problem in the future. Approximately 50% of slot machine revenue is derived from players with moderate and severe gambling problems, who make up only 3%-4% of the general population.
Such players have very high losses which cause very significant negative consequences for them and their families. In the extreme cases, such as Scott Stevens of Ohio, things can quickly spiral out of control.
Stevens’ case is particularly tragic: he embezzled from his employer and eventually committed suicide. He was a husband and father with a senior role in accounting and no known problems aside from gambling. But once he started playing slots he couldn’t stop.
Characteristics of slot machines
Slot machine manufacturers design the gambling experience to confuse and manipulate players’ emotions in an effort to keep players gambling. This is called maximizing ‘time on device’. Many of these manipulations are not readily revealed to the player. Here are some examples drawn from my research:
The cost of play of slot machines is hidden from the player. An estimate of the per-hour cost is 50 to 100 times the cost of a single spin, but this varies depending on the settings of the game.
Worse yet, the same game may be on multiple machines in a casino and programmed to pay out differently on each. Thus, even if a player knew the cost of play on one machine, that knowledge would not necessarily transfer to the same game elsewhere in the same casino. Players start to incorrectly guess how slots work and guess at the chance of making money by playing the machines. Obviously, there is randomness involved in how much a player loses at any given session, but slot machine players cannot even predict how expensive a session might be.
On modern slot machines, half of ‘wins’ are actually net losses. An example would be a $1 bet with a 30¢ payoff. This is a loss of 70¢, but the machine shows bright graphics and makes sounds announcing a win. Researchers call these events Losses Disguised as Wins (LDWs) and have clearly shown that players experience these as actual wins, giving the players the (incorrect) positive feelings that they are winning. Players who have many losses-disguised-as-wins overestimate the number of actual wins they receive in a session: they psychologically encode these net losses as actual wins.
Slot machines create ‘near miss’ outcomes: losses that appear close to jackpots. One trick to make this happen is to have the jackpot symbol to be surprisingly rare on the final reel. Near misses lead to prolonged play, and heavier losses.
Loss disguised as a win for states?
There are also serious concerns about the financial aspects of slot machine facilities, particularly if slots are being claimed to be bringing good revenues into a state’s treasury.
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For example, at many casinos slots players can apply for a loan. This seems predatory on the casino’s part as the casino knows that the player is out of money, and yet the casino lends the player money to gamble, knowing the player will likely lose that money back to them. Such predatory lending should be forbidden.
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Finally, research shows that bringing casinos with slots to within 30 miles of major cities will usually boost the number of people with a gambling problem in that city. The best current research shows that introducing slots to Massachusetts, without working to ameliorate their harms, will have a high potential for causing significant negative effects on communities in the Commonwealth.
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_This article is part of a series on gambling in America. You can read the rest of the series here _