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Remember the movie National Lampoon’s Vegas Vacation, when gambling fever consumes Chevy Chase’s character, Clark W. Griswold? He goes on a losing streak to beat all losing streaks while his son, Rusty, wins four cars by playing the slot machines. Maybe Clark would have done better if he had read Probability For Dummies! In this article, you discover the basic ideas behind slot machines and how they work, so that you can get past the myths and develop a strategy based on sound probability.
Understanding average payout
When casinos advertise that their slot machines pay out an average of 90 percent, the fine print they don’t want you to read says that you lose 10 cents from each dollar you put into the machines in the long term. (In probability terms, this advertisement means that your expected winnings are minus 10 cents on every dollar you spend every time the money goes through the machines.)
Suppose you start with $100 and bet a dollar at a time, for example. After inserting all $100 into the slot, 100 pulls later you’ll end up on average with $90, because you lose 10 percent of your money. If you run the $90 back through the machine, you’ll end up with 90 percent of it back, which is 0.90 x 90 = $81. If you run that amount through in 81 pulls, you’ll have $72.90 afterward (0.90 x 81 = 72.90). If you keep going for 44 rounds, on average, the money will be gone, unless you have the luck of Rusty Griswold!
How many pulls on the machine does your $100 give you at this rate? Each time you have less money to run through the machine, so you have fewer pulls left. If you insert $1 at a time, you can expect 972 total pulls in the long term with these average payouts (that’s the total pulls in 44 rounds). But keep in mind that casinos are designing slot machines to go faster and faster between spins. Some are even doing away with the handles and tokens by using digital readouts on gaming cards that you put into the machines. The faster machines can play up to 25 spins per hour, and 972 spins divided by 25 spins per minute is 38.88 minutes. You don’t have a very long time to enjoy your $100 before it’s gone!
The worst part? Casinos often advertise that their “average payouts” are even as high as 95 percent. But beware: That number applies only to certain machines, and the casinos don’t rush to tell you which ones. You really need to read or ask about the fine print before playing. You can also try to check the information on the machine to see if it lists its payouts. (Don’t expect this information to be front and center.)
Implementing a simple strategy for slots
Advice varies regarding whether you should play nickel, quarter, or dollar slot machines and whether you should max out the number of coins you bet or not (you usually get to choose between one and five coins to bet on a standard slot machine). In this section, you’ll find a few tips for getting the most bang for your buck (or nickel) when playing slot machines.
Basically, when it comes to slot machines, strategy boils down to this: Know the rules, your probability of winning, and the expected payouts; dispel any myths; and quit while you’re ahead. If you win $100, cash out $50 and play with the rest, for example. After you lose a certain amount (determined by you in advance), don’t hesitate to quit. Go to the all-you-can-eat buffet and try your luck with the casino food; odds are it’s pretty good!
Choosing among nickel, quarter, and dollar machines
The machines that have the higher denominations usually give the best payouts. So, between the nickel and quarter slots, for example, the quarter slots generally give better payouts. However, you run the risk of getting in way over your head in a hurry, so don’t bet more than you can afford to lose. The bottom line: Always choose a level that you have fun playing at and that allows you to play for your full set time limit.
Deciding how many coins to play at a time
When deciding on the number of coins you should play per spin, keep in mind that more is sometimes better. If the slot machine gives you more than two times the payout when you put in two times the number of coins, for example, you should max it out instead of playing single coins because you increase your chances of winning a bigger pot, and the expected value is higher. If the machine just gives you k times the payout for k coins, it doesn’t matter if you use the maximum number of coins. You may as well play one at a time until you can make some money and leave so your money lasts a little longer.
For example, say a quarter machine pays 10 credits for the outcome 777 when you play only a single quarter, but if you play two quarters, it gives you 25 credits for the same outcome. And if you play the maximum number of quarters (say, four), a 777 results in 1,000 credits. You can see that playing four quarters at a time gives you a better chance of winning a bigger pot in the long run (if you win, that is) compared to playing a single quarter at a time for four consecutive tries.
The latest slot machine sweeping the nation is the so-called “penny slot machine.” Although it professes to require only a penny for a spin, you get this rate only if you want to bet one penny at a time. The machines entice you to bet way more than one penny at a time; in fact, on some machines, you can bet more than 1,000 coins (called lines) on each spin — $10 a shot here, folks. Because these machines take any denomination of paper bill, as well as credit cards, your money can go faster on penny machines than on dollar machines because you can quickly lose track of your spendings. Pinching pennies may not be worth it after all!
Of course gambling is not a good habbit but cheating is the worst! But in history, many people have figured out a good couple of ways how to cheat slots. Below you will find 10 of them. Be aware, none of these methods will work online gaming sites like Slots Heaven!
10 – Cheat Code
Ronald Dale Harris was a talented software engineer who was working for the Nevada Gaming Commission. His job was to programming computer chips for slot machines. Since he was the programmer, he did left a cheat code like a signature of him. The code was activated by a specific combination of coins something like ‘’5 coins, wait, 2 coin, wait, 6 coins, etc.’’ and the machine would automatically pay out. Brilliant!
09 – Light Wand
Golden Nugget
How To Reset E1 Code On Slot Machines
Back in the day, when slot machines started using the optical sensor technology, Tommy Glenn Carmichael invented a light wand that could blind these small, magical sensors. It was something like battery-powered mini light attached to a wire.08 – Fake Coins
As simple as counterfeiting. Using advanced machinery, cheaters pressed counterfeit slot machine coins out of hardened metal dies.
07 – Software Glitch
Las Vegas
Sometimes the cheat comes with the slot machine built in. The most known slot machine with its glitch was ‘’The Game King’’. To exploit the glitch, the gambler would put more money into the machine after the “double up” prompt and then switch back to the original game they were playing for $1.00. Then player would then up their stakes to the highest allotted amount and cash out.
06 –Top-bottom Joint
The top-bottom joint was a trick created by Tommy Carmichael and Ray Ming. The duo created a slider, which was made of a guitar wire and a piece of spring steel. They would snake the payout chute using the top-bottom joint until tripping the switch. Once the switch was tripped, the slot machine would empty out its payload.
05 – Computer Chip Replacement
Computer Chips
Dennis Nikrasch bought a computerized slot machine and played with it in his garage till he found a method to manipulate the computer chip inside to give him a jackpot whenever he wanted. For this purpose, he ordered the standard chips from a real manufacturer. Then he team up to obtain keys on the black market that opened slot machines. After that he would be able to open the machine to replace the chip under three minutes!
04 – Shaved Coins
As slot machine technology advanced, machine manufacturers changed optic verification sensors to prevent scams. Improved mechanisms use a beam of light to register payment as the coin dropped in. Ironically, this innovation was used against itself to perform a cheat. Shaved coins are registered by the machine but once it gets to its comparitor new mechanism which is the piece of equipment that measures the size and weight of the coin, it will be immediately kicked out because of the coins minute size discrepancy. Of course then you can use it again…
03 – Piano Wire
Piano wires
This method dates back to 1982. At the Caesars Boardwalk Regency in Atlantic City, a group of cheaters surrounded a slot machine. Each of them had a job. One of the cheaters dubbed the mechanic, pried open the front and inserted 20-inch piano wires into the slot machine’s whirring guts. The group used the piano wires to jam the clock that timed each wheel’s rotation. With the help of this method, he was able to manipulate and spin the wheels till he wins.
02 – Monkey Paw
E1 Error Code Slot Machine
The monkey’s paw was one of the early devices used by slot cheats. The mechanism was essentially a guitar or piano string attached to a bent metal rod. Cheater would jam it into the machine through an air vent and fish around for the switch that released the coin hopper.01 – YO-YO
Chips
The cheater ties a thin cord around a coin and then places it in the slot until it registers a payment. Then yank out the coin and do the whole process over and over again. That simple!