Skip to main content

Slots - The worst bet in the casino.

 Slot machines are often considered one of the worst bets in a casino. Here’s why:

  1. Low Odds of Winning: Slot machines are entirely based on luck. The outcomes are randomized, and the odds of hitting a winning combination are extremely low. Depending on the machine, the chances can range from 1 in 5,000 to a staggering 1 in 34 millionAd1.

  2. House Edge: Slot machines have a significant house advantage. The house edge varies, but most slots give the casino an edge of between 2% and 15%2. This means that over time, players are likely to lose more money than they win.

  3. Progressive Jackpots: While those massive multi-million dollar jackpots are tempting, progressive slot machines are actually the worst. The house edge for these machines can be as high as 17%, meaning you lose between $12 and $17 for every $100 wagered in the long run3.

  4. Lack of Strategy: Unlike table games like blackjack or poker, where skill and strategy play a role, slot machines offer no such opportunity. Players simply pull the lever or press a button, and the outcome is entirely random.

  5. Payouts vs. Bets: Slot machines often have low payouts relative to the size of the bets. Even if you win, the payout may not be substantial compared to the amount you’ve wagered.

In summary, while slot machines can be entertaining, they’re not a smart choice if you’re looking to maximize your chances of winning. If you want better odds, consider playing table games like blackjack or craps instead! 🎰🎲45

Comments

Popular posts from this blog

What's the surveillance room like? Repost

This is a repost of a post I made about a year ago, but I feel like it bares s repeating. Enjoy. I got another good question last week, from a reader wanting to know what a surveillance room is like, how it is laid out and how it is staffed and run.  So here goes. I have worked in surveillance departments at six different casinos in the last 25 years. Some very small (300 slots, 6 blackjack tables) and some very big (3000 slots, 60-70 table games of all kinds). When I started in the early 90's it was all VCRs and not all cameras were recorded all the time. We used a lot of "multi-plexers" and "quad screens". A multi-plexer used one VCR to display and record up to 16 screens on one monitor. Since the VCR still records at 30 frames per second, that meant that if you did a review on any one of those 16 screens you would be looking at a "freeze frame" effect, where you only got 1.8 frames per second of the shot you were looking at. A quad would record ...

Hit and run gambling

This post is sponsored by Amazon Prime .  You can get a free 30 day trial of  by clicking  here .  And don't forget about my article, called " Sports Betting: Advanced middle techniques for college and pro football wagering ." It's all about a way to bet on sports with very little risk but high potential rewards. Click  here  to go to the eBay listing. It's only $4.99 plus fifty cents shipping.  Now on to this weeks topic.  I'm sure some of you invest in the stock market. Almost every one has a 401k if their employer offers it. Some off you  might even invest in individual stocks or a mutual fund in a private brokerage account.  So let me ask you what you would do if you got a hot tip from a friend about a tech stock, a "highly volatile" tech stock, that was poised to go through the roof. Maybe they're about to release a new app, and there are rumors that Google is going to buy them out. Maybe you've squirreled away some "mad money...

Reader question.

OK well, I'm back to posting after about a 6 month. I absence. Sorry I was in and out of the hospital with a bunch of problems, but I'm all better now So i noticed that during my abs. Since I got a few questions from readers, I would like to answer one of them now. So the question is, how much money should you take with you to the casino? the answer is of course, if depends. If you happen to be one of the lucky people who live in a jurisdiction where legalize cambling is allowed. And it's a place that you go to to have fun or relax, Or just have some excitement in your life, then that will be a different amount that you will want to take with you as opposed to someone who is making a trip to Vegas that they make only once a year. And if you live Nevada, like I do and you go into casinos all the time, then that will be a different answer as well. As a general rule of thumb. I don't walk into a casino. Unless I have a $100 that I am willing to lose. If you don...