Slot Machines Max Bet Or Not
Additionally, the only kind of slot machines allowed are electronic video slot machines. Therefore, you will not find any mechanical slots that have traditional reels - only video screens According to the terms of the compact between the state and the tribes, however, the minimum and maximum payouts are regulated as follows: video poker. My general advice is to find a slot machine without a max-coin incentive and then bet one coin at a time.
Additional information: My wife cannot afford to play the maximum bet, but when she hits the jackpot combinations, she thinks she missed out. I keep telling her that I believe the odds of hitting those combinations would significantly decrease if she paid the maximum, but she doesn’t believe me. In statistics terminology, it would make sense to maintain the same expected return (payout multiplied by probability), in order to obtain the same overall percent payback for different players (although I doubt they are required to maintain such consistency). Using this assumption, if the payout increases disproportionately relative to the size of the bet, the probability would have to decrease. This would also be a good way for the casino to dupe players into increasing their bets to the maximum.
Slot machines are pegged to payout at a certain % by a computer chip. This percentage does not alter due to bet size at any time, so increasing your bet is essentially just losing your money faster. Higher denomination machines are typically programmed to payback a higher % than lower denomination ones, so that a $.25 machine will pay better than a $.05 machine which will pay better than a $.01 machine.
Regardless of bet size, even with the inflated jackpots for max bet, the expected payback remains the same on slot machines to the best of my knowledge. I don't think it's like video poker where betting max bet inflates jackpot size and increases expected value, but i'm not 100% sure.
As to MAX COIN... Most, but not all, slot machines offer inducements for players to play max coin but read the payout table to be sure that final coin actually buys you something. However, whether you put in Minimum Coin, Maximum Coin or Something in between, once you hit that little red button... its all up to the random number generator and the random number generator just goes along and does its thing with no knowledge at all about how many coins are in there or whose player card it is or if they've been tipping the waitress or not. So the EVENT is not influenced by the number of coins, only the payment for that event.
Expected payback? You mean each and every press of the little red button has to be a certain expectation?
The general rule is that a higher denomination machine returns a greater percentage, yes, but going to max coin on a lower denomination has to be compared. Its amount bet times expectation.
The odds do not change when you bet max. I believe that some jurisdictions require identical odds. I've never, out of hundreds of games, seen a game that behaves differently.
There would be no advantage for a gamemaker to do that kind of manipulation. The probability of hitting the jackpot is so low, that the manufacturer is free to riase the payout without changing the EV of the game very much.
It is very popular for the machines to be designed so that the player to be denied an entire class of high payouts if he does not put in max coin. Even though the house edge may not be that much worse, the player will eventually see hit a case where he would have been paid a much higher payout if he had more coins.
But every machine design can honestly say it has a lower house edge if you play more coins. It doesn't say how much lower.
An example from a real machine is 8.04% HA for 1 coin, and 7.48% and 7.30% for 2 or 3 coins.
One thing I will say now is that I think more of the average payout is related to the jackpots than you might think. For example, one local casino (Hollywood, FL) states that it pays out 94% of the bets wagered (i.e. a house advantage of 6%). I would conjecture that 5% or 10% if that payout is related to the jackpots. If it was really small – say 1% – then you would expect that, on the average, your credits would decrease by only $7 for every $100 you wager (such as 100 pulls on a $1 machine). But I will bet your average losses are much higher than that, unless of course, you hit a big win. This is because a significant portion of the 94% payback is related to the big wins.
I may be confusing the issue by using the word “jackpot”. I am not talking about the huge progressive jackpots of 100’s of thousands or millions that are rarely ever paid, but rather the smaller payouts of $1,000 to $10,000 that you might find on nickel and quarter machines. My wife, who only plays slots 5 to 10 hours a week, hits 3 or 4 of these “jackpots” every year. I know because I have to claim them on our tax return. Maybe I should call them 'big wins' rather than 'jackpots'?
Our next casino trip is later this week, so I should have a decent example to post sometime this weekend. If I am right about this, it is very important for players (such as my wife) to understand, so they don’t get duped into losing a lot of money, especially mine!
Question: Many slot machines offer a disproportionately higher return on the jackpot combination when the maximum size bet is played. Do they also decrease the odds of hitting the jackpot combination when the maximum bet is played?
Additional information: My wife cannot afford to play the maximum bet, but when she hits the jackpot combinations, she thinks she missed out. I keep telling her that I believe the odds of hitting those combinations would significantly decrease if she paid the maximum, but she doesn’t believe me. In statistics terminology, it would make sense to maintain the same expected return (payout multiplied by probability), in order to obtain the same overall percent payback for different players (although I doubt they are required to maintain such consistency). Using this assumption, if the payout increases disproportionately relative to the size of the bet, the probability would have to decrease. This would also be a good way for the casino to dupe players into increasing their bets to the maximum.
Your wife is right she did miss out on a bigger jackpot for not playing the maximum coins. The odds of hitting the jackpot do not change weather if she bets 1 coin or 2 but the payout changes. Casinos offer better payouts for max coins because they want to encourage people to bet the max. The odds could go from 96% payback to a 97 or 98% payback from minimum to max coins.
One of the most debated topics regarding slot machines is max bet and whether or not your should always hit that bet max button. There is no definite answer to the question as it really depends on the game you are playing. In this article we take a comprehensive look at all of the game types and situations and give you recommendations on what is the best way to play.
What is Max Bet?
Just in case you are new to playing slots Max Bet or Maximum Bet is the highest amount of coins or credits you can play in a single spin. For example most classic slots let you play up to three coins per spin - a max bet of three coins. This gets a bit more complicated with video slots - see below for details.
Classic Slots
While max bet is not always necessary you will often find that there is a good reward for betting max. For example you might have a game that pays 1,000 for one coin, 2,000 for two coins and 5,000 for the max of three coins. In this case you get an additional 3,000 coins for just one extra coin bet.
If you are playing a game where all of the jackpots are in proportion then it is totally up to you whether you bet max. For example a game which has a top jackpot of 3,000 for three coin play (Max Bet), a 2,000 coin win for two coins and a 1,000 coin win for one coin. Each coin can win an additional 1,000 coins.
There is one type of classic slots that require max bet. These games are known as Buy A Pay slots. Quite simply they have two or three different pay tables. Each coin activates an additional pay table. If you play less than max bet you cannot win any of the top prizes even if you hit the right symbols.
Progressive Slots
There is one type of slot machine that makes playing max bet an absolute must - games with a progressive jackpot. Almost all progressives require that you bet the maximum number of coins to qualify for the top jackpot. If you play less than max you cannot win the top jackpot.
We don't recommend playing progressives unless you intend to play max. You are much better off going for a non progressive slots. This is because you can hit the top winning combo and in some cases get nothing because you are a few coins short. In other cases you will get a small consolation prize but this is always just a fraction of the main progressive jackpot.
Bonus Feature Slots
Slot Machines Max Bet Or Not Online
On slots with a bonus game there is no set rule as to what to bet. In some cases you will be required to play max to win the jackpot and in some cases you will not have to. Before playing any bonus game slot be sure to read the pay out table to find out if max bet is required.
Slot Machines Max Bet Or Not 2020
Multi-line Slots
If you are playing a three reel game with more that one pay line then it is always a good idea to play max bet. This is because in most cases each additional coin activated an additional pay line. Quite often the highest jackpots are only available on certain lines. If you play less than max you cannot win them.
5 Reel and Video Slots
This is where things get interesting as there are so many variations. In general you do not have to play max bet on video slots unless there is a progressive jackpot involved. We suggest playing max lines but not necessarily max bet. This is because on many games you can bet more than one coin per line.
Slot Machines Max Bet Or Not Free
For example a 20 line slot with the option to bet 10 coins per line has a 200 coin max bet. Even at the penny coin size this turns into $2 a spin. In most cases you will be fine with just one coin per line and can therefore play for as little as 20 a spin. There is a minor catch - your jackpots won't be as big.
Slot Machines Max Bet Or Not Play
The reason for this is that wins are multiplied by your bet per line so a game with a 10,000 coins jackpot and a max bet of 10 coins per line can pay a 100,000 coins win at max bet. Playing just one coin per line will yield a 10,000 coins jackpot only. This is a trade off between low bets and bigger wins.
Conclusions
One of the most important tips we can give you is to always spend a moment reading the pay table of the game you are about to play. All pay tables indicate whether or not max bet is required for any jackpots or features. Another good tip is that if you find a game where playing max is needed and the game is too expensive for you try to find the same game with a lower coin size.