Generally speaking, when it comes to internet slots, 97% and higher is considered loose. 95%-96% is average. Below 94% the slot should be considered tight. Which Slots Tend to be Tight. It’s hard to give general guidelines as each slot is different and the best solution is just to check the official RTP, it is published. It is what makes a machine a loose slot, an average slot or a tight slot. On today’s machines the spinning reels are there for visual effect only. A computer chip, known as a Random Number Generator determines the outcome. It happens the instant the spin button is activated. On every casino floor there are only a very few really loose machines.
A slot machine is loose when it pays out a lot of money. It also needs to do this often to be considered loose. You’ll see some writers say that a loose slot machine is one with a high payback percentage, but that’s not enough to qualify as loose. It also needs to have low volatility.
What’s the difference?
The payback percentage is a function of how much the prizes pay compared to how often they hit. I could create a slot machine that pays off only one prize every million spins and that pays off 1.2 million coins when it does.
That machine would provide the player with an edge, a payback percentage of over 100%, but it still wouldn’t be a “loose” machine. In fact, it would be one of the tightest machines in the casino, because it only hits on average once every million spins.
That’s what volatility means when you’re playing slots. The more often a game hits a winning combination, the less volatile the game is. Most slot machine games have a hit ratio of around 30% or so now, which means that you’ll see some kind of win about 1/3 of the time.
The size of the wins is small enough that the game still makes a profit for the casino.
Your goal should be to find the loosest slot machines you can.
Wild And Loose Slot Machine
The Best You Can Do Is Estimate
The math behind slot machines and other gambling games is based on long-term results, not short-term results. You can make some guesses about the settings for a game based on short-term results, but they’re not necessarily accurate.
Here’s one way you could measure the hit ratio for a slot machine game, though:
You could track how many spins you make, and also track how many of those spins resulted in a win. That would provide you with the actual hit ratio for that session.
For example, if you made 300 spins on a slot machine over the course of half an hour, and you saw 100 winning spins, you had a hit ratio of 33.3%.
If you only saw 50 winning spins, your hit ratio would only be 16.67%.
The game with the 33.3% hit ratio is probably “looser” than the game with the 16.67% hit ratio.
The Concept of Naked Pulls
Years ago I read a book about strategy when playing slot machines by John Patrick. It’s a terrible book, and I don’t recommend it.
But he did offer one concept that I thought was interesting:
The naked pulls concept.
A naked pull is one in which you get no winnings at all.
Patrick’s advice is to quit playing a slot machine once you’ve had a certain number of naked pulls in a row. I don’t remember if the number he suggested was 7 or 9, but it was something like that.
Here’s the thing, though:
A slot machine could have a hit ratio of 50% and still see 7 or 9 losing pulls in a row. It won’t happen often, but it will still happen several times a day just because of random variance.
Slot machines aren’t set on times or cycles. They have a random number generator which determines how often a winning symbol gets hit, but it doesn’t have a memory of what happened on previous spins.
What Are Slot Machines Worth
Every spin of the reels on a slot machine is an independent event. This means that it isn’t affected by the previous spin.
Some of the time, if you walk away from a machine that has had several losing spins in a row, you’ll have avoided a tight machine.
Other times, you’ll just be walking away from a loose machine for no reason other than short-term variance.
What’s More Important? Hit Ratio or Payback Percentage?
How To Find Loose Slots
Deciding which of these 2 factors is more important is more about your temperament as a gambler than anything else.
If you’re impatient and don’t want to lose a lot of money fast, you should look for a game that seems to have a high hit ratio. I’ve played slot machines in land-based casinos which hit 40% of the time while I was there. I didn’t walk away with a lot of winnings, because the sizes of the prizes were low.
But I didn’t lose a lot of money, either.
You could find a game with a hit ratio of only 20% that has a payback percentage that’s 5% higher than a similar machine with a 40% hit ratio.
You can’t really rank these 2 factors in importance, because they fall into a relatively narrow range.
Most slot machines have a hit ratio in the 20% to 35% range, and their payback percentages fall in the 75% to 95% range.
The payback percentage has the bigger range, but it’s impossible to calculate with any degree of statistical confidence.
Loosest Slot Machine
How Would You Calculate a Payback Percentage for a Slot Machine Based on Your Actual Results?
The math behind calculating a payback percentage isn’t hard. You just calculate how much money you’ve wagered in a machine and how much you have left when you’re done. The amount you’ve lost is divided by the amount you’ve wagered to give you the actual payback percentage for that session.
I did this as an experiment not long ago. I played a slot machine for $1.25 per spin over the course of 400 spins. It’s easy to see how much I wagered in that scenario – it was $500.
When I finished playing, I had lost $100, which meant that I’d gotten $400 back in winnings from the game.
This means I lost 20% of what I wagered, which would be the game’s “hold.”
The payback percentage was 80%.
What does that say about how loose or tight the game is?
Not much.
When you’re calculating things like payback percentage and house edge, you’re calculating statistical events.
And if you’ve read much of what I’ve written about probability and gambling, you already know that in the short run, anything can happen.
If I’d finished that session with $600 and a net win of $100, I’d have seen a payback percentage of 120%, and I can promise you one thing:
That’s NOT the long-term expected payback percentage for that slot machine.
It can be a fun exercise to keep up with your actual payback percentage over time. If nothing else, it slows down the number of bets per hour you’re making, which will have the indirect effect of reducing your average hourly losses.
Some Tips for Finding Loose Slot Machines
The problem with offering tips for finding loose slot machines is that many of them are based on pure conjecture.
For years, everyone suggested that you play the slot machines closest to the walkways in the casino. The premise was that some slot machine technician had suggested the managers put the loosest machines there so they could attract more gamblers.
This is a myth that has since been dispelled.
Another piece of advice you’ll often see is that you should play flat-top slot machines instead of progressives. In this case, I lean toward believing this one. You could play a progressive slot machine where the jackpot is high enough that you could have an edge over the casino, but it would still be tighter than a game with a 1000-coin jackpot.
Here’s why:
In other words, if you’re not likely to hit the jackpot in your lifetime, it might as well not exist when calculating how loose or tight the game is.
You’ll also see people advise you to play for higher stakes. The idea is that the payback percentage goes up as the denominations go up.
This is likely true, too, but you still shouldn’t play for stakes you’re not comfortable with.
Conclusion
The best possible advice I could give you about finding a loose slot machine is this:
Give it up.
It’s virtually impossible to accomplish this goal.
Also, almost any other game in the casino will cost you less money in the long run than the slot machines will.
But if you are going to play, at least try to play the games with the flat top jackpots for the highest denomination you can easily afford.
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No, the machine does not have a huge element table of over two billion elements. The random number generators choose each number once in the cycle using mathematical algorithms and do not need to keep track of which numbers were already chosen. Regarding the pause, it has nothing to do with how much it is going to pay. I think the game does some internal auditing from time to time. There is no such thing as hot and cold cycles with slot machines. The ups and downs are just normal random variation.
Most slot machines usually offer an incentive to play the maximum coins. For example two coins may pay 2,000 on the jackpot but three coins will pay 5,000. So if there an economy of scale incentive, then the return is higher with a max-coin bet. However, I should mention that most casinos tend to increase the theoretical return on their slots as they go up in denomination. So, you may be better off betting one coin on a $1 machine than four coins on a quarter machine.
My advice on slot selection is to play a simple smaller game. Nothing with fancy signage or a huge screen. Ultimately, it is the players that pay for that in the form of a lower return.
Based on my research, the placement of the machine doesn't matter. Regarding what type of slot to play, choose something simple, not a game with fancy signage and video. My best advice is to switch to video poker.
According to my research, there are no good or bad areas. Most casinos have a consistent return for all slots of a given denomination.
Other than progressive games with a sufficiently large jackpot, no.
Atlantic Interbet has full pay deuces wild (return of 100.77%). I think their highest coinage is 50 cents in that game.
Based on my own research I have found that the theory about the correlation between return and slot placement to be untrue. I do believe that oversized novelty machines in high visibility areas are set lower, but that is as far as I’ll go. Most casinos are very consistent and all slots of a particular kind and coinage will be set to the same percentage. Those that do mix up loose and tight machines seem to do so randomly. You are right that if a casino advertises 'Our machines pay up to 99%' then only one in the entire casino has to be set that high. However some casinos will have certain carousels or banks that they claim are all set to a certain percentage. Wherever me or my associates have seen such claims, and tested them, we found the claim to be true. So my advice to slot players is to look for particular machines that are guaranteed to pay a high return, and don’t pay any heed to the guessing games.
I think that theory holds water. When I did my Las Vegas slot machine survey, I found the looseness of a casinos slots and video poker was highly correlated.