How to make MONEY playing SLOTS!
#Slots #Gambling #RealReel
This is the REAL REEL a new vlog series I will be doing on my LADY LUCK HQ Channel. The REAL REEL vlog series is going to take you through “honest answers” about CASINOS, GAMBLING and SLOTS.
Todays topic is: HOW DO I WIN MONEY or MAKE MONEY PLAYING SLOTS?
Many of you have seen my massive handpay videos on youtube and I get asked all the time…. Lady Luck, “Can you give me tips on how I can win” or “How can I win like that”.
I hope that this Las Vegas Vlog video I will shed some light on how slot machines work and how they are programed.
Slot machines are typically programmed to pay out 82% to 98% of the money that is bet by players. This is known as the RTP, “return to player”. The minimum RTP varies among jurisdictions/states and is established by gaming laws. Some example minimum payouts are: Nevada is 75%, in New Jersey, 83%, and in Mississippi 80%. All slot machines are programed to pay a portion to the “house”, (yes- this is why casinos are so beautiful) while returning the rest to the players during play. Just FYI the RTP percentages are NOT shared with the public so if you are playing slots in Nevada you will NOT KNOW if you are on a machines that has an RTP of 75% or 98% or anywhere in between.
Here is a simple math problem that helps illustrate how RTP works.
Let just say we are playing on a slot that has a 95% RTP.
This machine cost $1 per spin. We spin 1,000,000 times spending $1,000,000. The machine will return an average of $950,000 to its players, who have inserted $1,000,000 during that time. The house would keep the remaining $50,000.
A slot machine’s RTP payout percentage is set at the factory when the software is written. Changing the payout percentage after a slot machine has been placed on the gaming floor requires a physical swap of the software (changing this out varies among jurisdictions). Historically, many casinos, both online and offline, have been unwilling to publish individual game RTP figures, making it impossible for the player to know whether they are playing a “loose” or a “tight” game.
Moral of the story- Don’t gamble with what you can’t afford to loose!
Just keeping it real XO Lady Luck HQ
Please let me know what topic you would like me to discuss in my next REAL REEL vlog series!