Introduction to Slot Machine Payout Returns

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So, imagine you’re playing a slot machine. How good is it? Are you winning anything? Losing? Do you know how well your slot machine performed last month or last year? What about the casino: How well did slots enthusiasts perform there last month or last year? Each of these questions is centered around a single concept I’ll be discussing in this post: slot machine payout returns.

As I’ve been discussing in other blogs and podcast episodes, one way to improve slot machine gambling performance is to better understand:

Slots History;
Existing and Emerging Gaming Technology; and
Ongoing Development of State Gaming Regulations.

Mary’s, Calvert, Charles and Anne Arundel counties had a total of 9,300 gaming machines that earned revenue of at least $24 million, according to the Slot Machine Study Committee’s report. Video Slot Machines & Gaming. We offer affordable video slot machines that are designed for longevity, durability, and reliability. AVS Companies stocks slot machines from premium and dependable manufacturers. Our selection of slot machines are compatible with the latest games to ensure the ultimate gaming experience. International Game Technology PLC, formerly Gtech S.p.A. And Lottomatica S.p.A., is a multinational gaming company that produces slot machines and other gaming technology. Although both devices were produced in numbers and installed in bars, saloons, and other venues, it wasthe Liberty Bell that really started the slot machine boom. Other companies soon began to manufacture their versions of these early devices, and the slots industry was well and truly established.

To provide a better understanding of slot machines for each of these slot-related areas of knowledge, this post highlights slot machine payout returns. This post has the following sub-sections:

Introduction
The Importance of Slot Machine Payout Returns
Slot Machine Payout Returns and Bankroll Cycling
Theoretical Slot Machine Payout Returns
Actual Slot Machine Payout Returns
Extremes of State Gaming Requirements
Summary

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The Importance of Slot Machine Payout Returns

Let’s examine the importance of slot machine payout returns. Note that returns is plural. This is due to there being two types of payout returns: theoretical and actual.

Theoretical return is an electronic setting for the slot machine. Actual return is what was recorded once the machine had been played for some period of time. I’ll be describing both of these returns in the next few sections.

Beforehand, let’s focus on the importance of slot machine payout returns. A lot of slots enthusiasts use the term “loose” and “tight.” These popular terms are entirely about slot machine payout returns. Loose slot machines means it has higher payout returns, while tight slot machines have lower payout returns.

“Our slots are the loosest in the state!”, some casinos advertise. But, what does that really mean? If they are being truthful in their marketing, which is possible, then they are saying that their slot machines have either the highest theoretical and/or actual payout return percentages of any other casino in the state.

It is possible that such marketing is truthful due to the constant oversight of all casino activities by the state gaming commission. Loss of the casino’s gambling license might well result from untruthful marketing.

However, despite this protection, that doesn’t mean you can’t be tricked. For instance, perhaps it’s the only casino in the state. Or, perhaps it said “#1 in jackpots in Cincinnati”, when it’s Cincinnati’s ONLY casino!

The importance of slot machine payout returns comes down to an understanding for slots enthusiasts of both what is possible, determining the highest baseline returns of any available casinos, and comparing their gambling performance to others.

A later section will be about both what is possible due to state gaming regulations as well as how some states require public reporting of payout returns. In the next section, I’ll be covering how to use payout returns to provide insight into your own slots gambling performance.

Slot Machine Payout Returns and Bankroll Cycling

Each slot machine has both a theoretical as well as an actual payout return, usually given in percentages. A term similar to slot machine payout returns is hold percentages. Hold and Return can be related as follows: Hold% equals 100% minus Return%.

In essence, payout return is the amount of money won divided by the amount of money lost during a gambling period. These gambling periods might be for a single session of play at a casino, over the course of a month of gambling, or even for a full year.

As you might imagine, an electronic record is kept for each slot machine’s performance. This record can be used by the casino operator to understand actual performance versus planned performance of the slot machine. Other statistical information can also be gleaned, if desired, such as the performance of groups of slots machines as well as the overall casino property.

Typically, payout returns are only discussed in terms of slot machines. It isn’t practical to have this information in terms of a player. Why? Because this statistical information is only useful if there is a lot of data, and even the most ardent slots enthusiasts doesn’t play much when compared to groups of slot machines at a casino.

Besides not having data lakes of statistical information, slots enthusiasts have no practical way in which to collect the amount of each individual bet along with its outcome. Doing so would require using some kind of electronic “gaming tool” device, which is typically strictly illegal in most U.S. states.

What is important for a slots players is to record their overall performance, including date, gambling establishment, bankroll, and any winnings. As previously mentioned, I’ll be detailing gambling recordkeeping in an upcoming post. But, for now, a player’s actual payout return can’t, in general, be accurately calculated by winnings divided by bankroll due to bankroll cycling.

In the busy casino environment, and adhering to the restriction on using an electronic gaming tools, there is a simple way to keep track of a player’s payout return. I use it all the time, in part to keep track of when I’ve spent my original bankroll amount. Knowing when this happens, when the first cycle of a bankroll ends and the second begins, can be difficult to guess. So, don’t guess. Count!

When you put some or all of your bankroll into a slot machine, note how many credits that is. You’ll need to remember that number of bankroll credits for later. Then, as you play, keep track of how many credits you’ve bet. When credits bet equals the original bankroll, you’ve completed your first bankroll cycle.

Next, how many credits remain in the machine? Divide this by the original bankroll credits to get the player’s return. If you’ve won more than your bankroll, this return will be over 100%. If less, than the return is under 100%.

Time for a couple of caveats. First, don’t spend your bankroll on that slot machine if you’re not winning anything. I usually try to let the machine run for 15-20 bets before making a decision about whether or not to continue of that slot machine, but sometimes stop earlier if I’m seeing absolutely no wins.

Second, you may not win back your entire bankroll. For most slots players, this is highly typical. This is where the tough decision lies. If you’re winning a little, are you winning enough? This entirely depends on your own gambling goals.

For entertainment gamblers, the bankroll brought to the casino is essentially meant to be spent on entertainment. For those trying to earn maximum comps, bankroll cycling

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