$500 Slot Machine

Posted on4/9/2022by admin

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smoothgrh

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I just noticed that a $500 or Nothing slot machine exists. In the early 2000s, I was always fascinated with the $100 or Nothing slots. (For those not familiar with them, the slot machine is single-line and has only one symbol, a 7, and offers only two outcomes: a $100 win, or nothing.)
Now that I know a bit more about slots, can someone confirm this math:
If the theoretical payback percentage of these machines are 87%, the odds of winning are 8.7 in 1,000 spins?
If the theoretical payback percentage of these machines are 98%, the odds of winning are 9.8 in 1,000 spins?

PlayYourCardsRight

I'm no expert, but my understanding is that it pays back $87 off of every $100 wagered. So for a $500 win, with an 87% pay back, the machine would have to take in 574.7 dollars In theory.

smoothgrh

I should have phrased that in a way that's better to understand.
In the $100 or Nothing slot, with a $1/spin wager, and a 87% theoretical payback %, your odds of winning is 8.7 wins in 1,000 spins (1000/8.7) or an average of once every 115 spins.
With an 98% theoretical payback %, your odds of winning is 9.8 wins in 1,000 spins (1000/9.8) or an average of once every 102 spins.
In the $500 or Nothing slot, with a $5/spin wager, the odds of winning/average win frequency is the same as above.
Correct?

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If payback is 90% (makes math easy), then every $90 payout = $100 CI.
Every $900 payout = $1000 CI.
So in 1,000 spins ($1/spin), you'll hit it 9 times.
Yes your math is correct.

onenickelmiracle

Simple algebra is all you need. It must be right.

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In the land of the blind, the man with one eye is the care taker. Hold my beer.

bang4style

compatibility

ThatDonGuy

$500 Slot Machines In Las Vegas

Thanks for this post from:

Now that I know a bit more about slots, can someone confirm this math:
If the theoretical payback percentage of these machines are 87%, the odds of winning are 8.7 in 1,000 spins?
If the theoretical payback percentage of these machines are 98%, the odds of winning are 9.8 in 1,000 spins?

(Edited - I just realized you are talking about a 100x machine, not a 500x)
An 87% return machine will return 870 for every 1000 bet, or 8.7 wins for every 1000 spins.

Similarly, a 98% return machine will have 9.8 wins for every 1000, and a 100% return machine will have 10 wins for every 1000, which makes sense as 10 x $100 out = 1000 x $1 in. (Most casinos have machines with 100% return - they're usually called 'Bill Breaker'.)Joeman

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$500 Slot Machine Winners Videos De Risa

If all the math is settled, perhaps I can be allowed a slight hijack. This post reminds me of my first gambling trip to Lake Tahoe in 1996. I was playing at Harvey's (or was it Harrah's?), and they had a few banks of the old cast iron mechanical slots still in service. One particular bank had 'Jackpots Only' machines.
These were similar all or nothing machines that paid $25 for your quarter if you got the symbols to line up. The symbols were actually the words 'JACK' on the first reel, 'POTS' on the second, and 'ONLY' on the third. So, if you could get it to read 'Jackpots Only' across the payline, you won the $25. Otherwise, you got nothing.
I got nothing for all my spins. I still think of these machines as 'Jack Squat Only.'

smoothgrh

These were similar all or nothing machines that paid $25 for your quarter if you got the symbols to line up. The symbols were actually the words 'JACK' on the first reel, 'POTS' on the second, and 'ONLY' on the third. So, if you could get it to read 'Jackpots Only' across the payline, you won the $25. Otherwise, you got nothing.
I got nothing for all my spins. I still think of these machines as 'Jack Squat Only.'

Thanks for the anecdote! So the concept isn't new: a $25 win for a $0.25 wager also pays 100 for 1.
$500 slot machine winners videos de risa

You should have tried playing it about 115 times! ;-)

Many players focus on penny and nickel slots because they think they can win a big pay out from a small bet. But rarely can you find a machine that has a minimum total bet per spin of less than .25. Many penny machines have minimum wagers of $1.00 to $2.00 when you activate all of the pay lines and bet maximum coins.

But not everyone is looking for games they can play for pennies. Many people are looking for high limit slots. Slot machines for high rollers were introduced in high roller rooms in places like Las Vegas, but online casinos realized that many of these gamblers wanted to play online.

Now you can find plenty of online high limit slots. We cover everything you need to know about high limit slot machines below.

What Are High Limit Slots?

High limit slots have a different definition depending on who you ask. Some players consider any machine that has a bet per spin of $5 or more a high limit slot, while others think a $100 per spin machine is for low rollers.

It doesn’t matter what your definition is of a high limit slot machine. You can find machines that meet your expectations in land based casinos and online.

If you want to ply at higher limits than the ones offered at your favorite online casino, contact the support department and ask if they can offer a higher limit. If you have a long track record of play at the highest levels they offer, you might be able to get them to offer higher maximum wagers.

Advantages of Online High Limit Slots Play

The main advantage of playing high limit slots online is that online casinos can offer better pay back percentages for their machines than land based casinos. Every slot machine online doesn’t offer a higher pay back percentage than the ones in your local casino, but many do.

An online casino doesn’t have as much overhead as a land based casino, so they don’t have to make as much per game as your local casino.

The other advantages include not being forced to travel to find the slots games you want to play and having a wide variety of options. When you play online slots you have a choice of literally thousands of machines.

When you play in a land based casino they may offer over a thousand slot machines, but many of them are the same. Online casinos have more machines and many offer machines developed by different software companies in one place.

Where Can You Find High Limit Slots?

It used to be that if you wanted to find a high limit slot machine you had to travel to a land based casino in one of the large gambling areas like Las Vegas. But now you can play high limit slots offered by many online software platforms.

Almost every online casino has multiple slot machines offering bets of $5 to $10 per spin, and many have machines that accept bets from $100 to $1,000 per spin. You can even find special bonuses designed specifically for high roller slot players at many online casinos.

Each of our slot machine reviews lists the maximum bet per spin, so you can quickly see if a machine meets your needs. Here’s an example:

Wings of the Phoenix by Konami has a maximum bet per spin of 225 € £ $. The reviews also list the coin value range, number of pay lines, and maximum number of coins per line. You can quickly determine the minimum and maximum wagers available by looking at these numbers when reading the reviews.

Bankroll Considerations for High Limit Slots

It’s easy to figure out how much money you need to play high limit slots. In order to determine how big your bankroll needs to be to play slots you need to know the following things:

How much you bet per spin
How many spins you take per hour
How many hours you want to play
The house edge for the slot machine you’re playing

You won’t always know the house edge for the slot machine you’re playing so you can use an estimated edge. If you can find the details about the slot machine it usually is stated as a payback percentage. To get the house edge, you subtract the payback percentage from 100%.

If you don’t know the house edge, we suggest using 5% and 10%. This gives you a safe range that includes the house edge of most popular slot machines.

To calculate your bankroll needs use the following formula:

Amount you bet per spin times the number of spins you take per hour times how many hours you want to play times the house edge.

Here’s an example:

If you bet $10 per spin and take 300 spins per hour and want to play for 10 hours on a machine that you don’t know the house edge on here’s the calculation:

Using a 10% house edge:

$10 X 300 X 10 X 10% = $3,000

Using a 5% house edge:

$10 X 300 X 10 X 5% = $1,500

When you bet $10 per spin at 300 spins per hour you’re wagering $3,000 per hour. Your loss or win rate will vary every time you play. These calculations provide your expected loss on average. In other words, if you play long enough using these numbers, these are the average results you can expect.

In this example, you should expect to lose between $150 and $300 per hour on average.

Here’s an example using a known house edge:

You bet $100 per spin and take 200 spins per hour on a machine with a 3.5% house edge. You want to play for five hours.

$500 Slot Machine Payout

$100 X 200 X 5 X 3.5% = $3,500

Notice that the equation has four parts. Changing any of the four parts changes your expected loss. If you want to be able to play longer on the same bankroll you can play for less per spin, play fewer spins per hour, or find a machine that offers a lower house edge. Or you can combine two or three of these things to extend your bankroll more.

One place where many slots players hurt their ability to play longer is taking too many spins per hour. It’s possible on some machines to take as many as 400 to 600 spins per hour. But you don’t have to play as fast as the machine will let you.

Slots designed for high rollers offer the chance at hitting huge pay outs, but can also quickly diminish your bankroll. Depending on your definition of high limit slots, you can find many slot machines available online that have maximum bets per spin of $100 or more.