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The Las Vegas Strip is no doubt one of the most-popular places to play slot machines. Millions of tourists hit Las Vegas Boulevard every year to spin the reels.
Most of these gamblers aren’t too concerned about their exact chances of winning. They just want to enjoy fun games and get a few thrills.
Of course, your bankroll stands to last longer when you do choose slots with fair pay. Therefore, you might be interested to know how Vegas Strip slot machines stack up to the competition.
Slot machines have denominations ($0.01, $0.25, $1, $5, $10, etc.) and the maximum credits that can be placed in a single bet. Slot machines typically must run for a while before wins become more likely. Yes, wins can occur at the first press of a button. They can also happen within the first few bets, where casinos offer a taste. The multi-denomination slot machines give the players opportunity to select the value of each state. The value is chosen from the list of options. According to the gambler's choice the slot machine counts the quantity of player' credits and shows this information.
Whether you’re going to Sin City anytime soon, or just thinking about it in the distant future, you’ll want to know the following info on Vegas Strip slots payback.
A Look at Vegas Strip Slots Return to Player (RTP)
The Nevada Gaming Commission (NGC) regularly offers revenue reports on their casino gambling industry. These resources cover gaming wins for the past 12 months, including wins for slot machines.
You can get a composite view on how well Nevada slots pay and their house edges by looking at these reports. You’ll also be able to see a breakdown on prominent jurisdictions within the Silver State.
The NGC’s report breaks down how much the Strip’s slot machines pay based on coin denomination.
Here’s how much the most-popular coin denominations delivered in 2018:
- Penny slots – 88.30% RTP (11.7% house edge)
- Nickel slots – 91.63% RTP (8.37% house edge)
- Quarter slots – 89.40% RTP (10.60% house edge)
- Dollar slots – 92.30% RTP (7.70% house edge)
- Multi denomination – 93.61% RTP (6.39% house edge)
You can see that penny slot machines are at the bottom in terms of payback. They only offered 88.3% RTP, making them one of the worst choices of all casino games in terms of winning.
The multi-denomination machines featured the best rate at 93.61% RTP. You might want to stick with these games on the Strip, given that they both let you change the coin size and offer the best payback.
How Do Vegas Strip Slots Compare to the Rest of Nevada?
Knowing how much Vegas Strip slot machines pay is a great start. However, a reference point is needed to measure if the Strip’s slots do or don’t pay well.
Again, the NGC provides gaming win for the entire state as well as specific areas. These numbers can be pitted against the Vegas Strip’s figures to make a valid comparison.
Here’s how well slots paid throughout the Silver State in 2018:
- Penny slots – 90.0% RTP (10.0% house edge)
- Nickel slots – 94.39% RTP (5.61% house edge)
- Quarter slots – 92.83% RTP (7.17% house edge)
- Dollar slots – 93.61% RTP (6.39% house edge)
- Multi denomination – 94.74% RTP (5.26% house edge)
Comparing the numbers, the Vegas Strip definitely doesn’t pay slots players like Nevada as a whole. All of their coin denominations offer at least 1% lower RTP than the entire state.
The biggest difference can be seen in the quarter slots. The Strip only delivered 89.40% in 2018, while Nevada paid 92.83% overall.
Another large discrepancy can be noticed with nickel slot machines. The Strip delivered just 91.63% against 94.39% for the state.
Numbers Show That Vegas Strip Slots RTP Isn’t So Hot
Vegas Strip slot machines are far from generous. In fact, they’re some of the lowest-paying slots that you’ll find anywhere in the world.
The penny slots are especially awful. They only offered 88.3% RTP last year, which is about as bad as it gets with slot machines.
Penny slots are often thought of as “cheap” games, because they only require one cent per line. But you’re theoretically losing $11.70 for every $100 wagered on Vegas Strip penny games.
Surprisingly, the quarter slots barely paid better than the penny slots. The Vegas Strip’s quarter slot machines offered 89.40% RTP, which is really bad when considering the coin size.
Only nickel, dollar, and multi-denomination slots delivered over 90% RTP. Multi-denomination machines were the best deal at 93.61% payback.
Nickel slot machines paid 91.63% RTP, which is okay by the Vegas Strip’s standards. However, this payout percentage isn’t so great when looking across the board.
Why Don’t Vegas Strip Slot Machines Pay That Much?
The primary reason why Vegas Strip slots fail to offer reasonable payback is because they don’t have to. Casinos on the Strip can feature low slot machine RTP and still draw visitors.
This iconic four-mile stretch is home to some of the world’s most-lavish casinos. Bellagio, Caesars Palace, MGM Grand, and the Wynn are just some of the headlining establishments on the Strip.
Las Vegas Boulevard also offers many other attractions that draw tourists. The Park, LINQ Promenade, Neon Museum, and Fountain of Bellagio are some of the spectacles located here.
Few people go to the Vegas Strip in search of the highest-paying slot machines. The small number that do would be severely disappointed upon seeing the numbers.
The Vegas Strip is instead about the experience, with gambling mixed into the equation. Slot machines found here could probably pay even less, yet millions would still gamble on this famed boulevard every year.
But the fact remains that the Strip doesn’t offer good slots payback. It lags behind many other areas of Vegas and the rest of the state.
Vegas’ Boulder Strip exemplifies what good land-based slots payback should be. They offer some of the best-paying slots in the country.
Here’s the Boulder Strip’s slots RTP for 2018:
- Penny slots – 90.21% RTP (9.79% house edge)
- Nickel slots – 96.23% RTP (3.77% house edge)
- Quarter slots – 95.93% RTP (4.07% house edge)
- Dollar slots – 95.13% RTP (4.87% house edge)
- Multi denomination – 95.42% RTP (4.58% house edge)
You can see a tremendous difference between slots payout percentages on the Vegas Strip and Boulder Strip. The latter offers around 2% or higher RTP with every coin denomination.
A glaring difference can be seen in how much each location pays on quarter slots. The Boulder Strip delivered 95.93% RTP in 2018 — over 6.5% higher than what the Strip paid.
Another notable difference included nickel slots RTP. The Boulder Strip featured 96.23% payback, versus just 91.63% for Las Vegas Boulevard.
However, the numbers are far enough apart to show that the Boulder Strip offers a much-better deal. The Vegas Strip, meanwhile, lags behind the state. But you also have to remember that Boulder Highway doesn’t exactly have the same ring to it.
The Eastside Cannery Casino Hotel, Sam’s Town Gambling Hall, and Boulder Station are all popular casinos. They just don’t have anywhere the amenities as a Bellagio or MGM Grand. You therefore want to consider if the higher slots RTP is worth it.
Getting the Most Bang for Your Slots Buck on the Strip
The Strip isn’t the greatest gambling destination in terms of slot machine RTP. But again, it’s not defined by offering great chances to win at casino games.
Las Vegas Boulevard is instead an all-around entertainment hub that gives you the opportunity to gamble. Nevertheless, you should at least know which games will help stretch your bankroll further.
The best deal is multi-denomination slots for two reasons:
- They offered an average of 93.61% RTP last year.
- These machines let you choose the coin size.
You should definitely seek out multi-denomination games when you’re in Vegas. They offered at least 1.31% higher RTP than the rest of the slots last year.
Dollar slot machines are your next-best bet purely in terms of payback. They delivered 92.30% RTP. But you’ll actually get more play out of nickel slots.
Here’s a theoretical comparison between both slots to show the difference:
- You perform 1,000 spins on dollar slot machines.
- House edge is 7.67%.
- 1,000 x 1 = $1,000 in total bets
- 1,000 x 0.0767 = $76.70 in losses on dollar games
- You perform 1,000 spins on nickel slot machines.
- House edge is 8.37%.
- 1,000 x 0.05 = $50 in total bets
- 50 x 0.0837 = $4.19 in losses on nickel games
The theoretical losses with both types of slots can differ when there are varying amounts of paylines involves. But if all lines are equal, then the nickel games are cheaper.
The same can be said of penny slot machines when compared to nickel slots. They only charge one cent per line, meaning they’re fairly cheap to play.
However, RTP is the problem with penny games. You have to weigh whether it’s worth facing 3.3% lower RTP with penny slots just to enjoy lower risk on a per-bet basis.
Do Some Bankroll Calculations Before Visiting the Vegas Strip
Slot machines aren’t cheap on the Vegas Strip. Penny slot machines are especially expensive, boasting an average house advantage of 11.70% last year.
You therefore want to have a strategy in place for handling your gambling funds before leaving for your trip. The first order of business is to make sure that you don’t bet money you can’t afford to lose.
A good way to do this is by going through your bills and figuring out how much free money you have each week or month.
You can then set aside a percentage of this amount (some should be used for savings) for a slots bankroll.
The next step is to think about important variables, such as your spins per hour, average bet, and hourly losses. You can either come up with these estimates by tracking them yourself or merely thinking about the proper numbers.
Most slots players spin the reels between 500 and 700 times per hour, depending upon breaks. You likely fall somewhere in this range too.
Your average bet size should be fairly easy to figure out. You probably have a typical wager size, such as $0.25 or $0.50.
Hourly losses can be difficult to determine, because they change based on the volatility and house edge of the games you’re dealing with. But a nice round number to consider is 250 lost bets per hour.
You’ll probably lose around 250 wagers each hour until you’re able to hit some big payouts. If you’re wagering $0.50 per spin, this equals $125 in losses per hour.
The final step is to run the variables and figure out how long your bankroll should last. The goal is to get an idea on if you should bring more money or make smaller bets to extend your entertainment.
Here’s an Example:
- You have a $1,000 bankroll
- Your average bet size is $0.25
- 1,000 / 0.25 = 4,000 total bets
- You lose 250 bets an hour
- 4,000 / 250 = 16
- Your bankroll will theoretically last for 16 hours
Slot machines are so unpredictable that it’s tough to determine if your bankroll will last X amount of hours, even with in-depth calculations.
But you can at least get a nice estimate on how long your bankroll will hold up. Of course, you could also win some huge payouts and be up big at the end of your session.
Play Some Online Slots on Your Vegas Trip
You’re probably heavily into the land-based casino experience if you want to play slots on the Vegas Strip. But you might try mixing up your play with online slots during the excursion.
Internet slots pay far better than those on the Vegas Strip or in any other land-based casino destination. The average online slot offers around 95% or 96% RTP, which is unrivaled in most brick-and-mortar casino hubs.
The aforementioned Boulder Strip is about the only place that compares to internet slots RTP. Even then, you have to bet at least a nickel per line to play games with 95% payback.
Again, you probably aren’t going to the Vegas Strip to sit in your hotel room and play online slots. But you might consider lounging around the hotel, a bar, or elsewhere and spinning the cyber reels for a little bit to preserve your bankroll.
Conclusion
It would be great if you could enjoy the amenities of a Mandalay Bay or Wynn and have a great change to beat slot machines. Unfortunately, you can’t because Vegas Strip casinos don’t offer great slots RTP.
Multi-denomination games led the way with 93.61% payback in 2018. But this figure is nothing to get excited about in the overall scheme of things.
Penny slot machines paid just 88.30% RTP on average last year. You’d therefore be facing an 11.70% house edge with the average penny slot, which is horrible.
You’ll get an okay deal with dollar slots (92.30% RTP). Then again, betting $1 per spin and still facing low payback isn’t anybody’s vision of gambling bliss.
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The truth is that you should head elsewhere in Vegas, such as Boulder Highway, if you want the best chance to win. The Boulder Strip offered over 95% RTP for all of its denominations, except penny games, in 2018.
You can also play online slots on the side during your trip enjoy the best payout percentages of all. Of course, the key drawback here is that internet slots don’t offer the same experience as land-based casinos.
Overall, you can’t go into a Vegas Strip casino expecting to beat the slot machines. They just don’t pay enough to give you a strong chance of winning.
What you can do, though, is combine proper bankroll management with reasonable expectations. Performing bankroll calculations helps you go into each slots session with a realistic mindset. This process also keeps you from betting money that you can’t afford to lose.
New slot machine players are going to find a lot of advice for beating the slots. Have a healthy skepticism when a slots expert tells you they know how to beat the slot machines. Among the games in a casino, video slots (in general) have a high house edge. Besides finding gaming machines with high jackpots and a low house edge, no skill or strategy is required to play slots. That means you can’t expect to increase your odds of winning in most situations.
Read through the advice below to optimize your chances of winning at slots. None of the advice assures winning sessions. Instead, it helps you stretch your bankroll, so you enjoy playing the slots longer. Also, the longer your bankroll lasts, the more chances you’ll have of hitting the big jackpot every slots player wants.
Use a Slots Card
Upon entering a live casino, sign up for a slots card. This provides comps and cashback, which automatically lowers the house edge by a bit. Never play a spin without using your slots card. In an online casino, accept the highest slots bonus and play according to the terms and conditions until you meet the wagering requirement. Once again, this lowers the house edge on online slots.
Make Max Bets
Look at the payout chart on a slot machine to determine how jackpots are paid. On many slot machines, the 5-coin bet pays out a higher percentage on the top fixed jackpot. For instance, a 1-coin bet might pay $200, a 2-coin bet might pay $400, a 3-coin bet might pay $600, and a 4-coin bet might pay $800. You might expect the 5-coin bet to pay $1000, but many slot machines pay out $1200 or $1500 in that case, trying to convince bettors to make the max bet.
If the jackpot increases a bigger percentage with a maximum coin wager, then it makes sense to make the max bet on a slot machine. If the bet size is too high for your tastes, then lower the coin denomination and make a max bet at that level. Of course, if there is no additional jump between the 4-coin and 5-coin bet, then you can wager a single coin and max out the coin denomination to the bet size you like.
Read the RTP Information
If an online casino or land-based casino publishes its return-to-player information, read through the RTP percentages to find the video slots with the best RTPs. Return-to-player or expected return is the percentage of a theoretical $100 you expect to see returned to you. It is a theoretical percentage based on probability, so an RTP of 95% does not assure you’ll be paid $95 for every $100 you put in the machine. You might lose $50 or you might win $150, or you might win a progressive jackpot and go home rich.
The point of the RTP percentage is to give a player an idea of their expected return. If two slot machines sit next to one another and one has an RTP of 93% and the other an RTP of 95% (and both have similar jackpots), then it pays to play the game with the higher percentage. Over time, this leads to you maintaining a higher percentage of your bankroll.
Money Management Techniques
Read about bankroll management techniques. “Money management” or “bankroll management” is a series of steps you take to lock on winnings when good luck happens and limit your losses when a bad streak occurs. These do not assure that you’ll win, but it optimizes your bankroll.
Players should know three core bankroll management methods: percentage betting, win goals, and loss limits. Learn to calculate your bankroll and divide this into percentages. Then bet between 1% and 5% of your bankroll on any given hand, depending on your capacity for risk. This limits the amount of your stake you lose on any given session, keeping you playing for longer throughout your vacation. It is a given that people go to the ATM machine or credit card when they lose their whole bankroll — which means you spend more than you intended. The point of percentage betting is to assure your bankroll last through your whole trip, so you never have to replenish.
What Is a Bankroll?
“Bankroll” is not defined as your entire bank account. It isn’t defined as your discretionary spending budget or the money you have earmarked for entertainment expenses. Instead, it is a part of your discretionary spending cash and entertainment budget which is set aside specifically for gambling. In this case, a bankroll is less than your entertainment budget.
Once you have your bankroll figured, divide this into easy to understand percentage. If you have a bankroll of $1000, then divide this into percentages. These are simple calculations, but you should have an understanding of 1%, 2%, 5%, 10%, and 20% of your bankroll. In the earlier example, 1% would be $10, while 2% would be $20. 5% would be $50, 10% would be $100, and 20% would be $200.
Now that you have these, decide whether to bet 1% to 5% of your bankroll. Most experts suggest betting no more than 1% to 2% in order to maintain your bankroll throughout your casino trip or online slots session.
Setting a Win Goal
Next, set your win goal. This is the amount of winnings you set as your goal for any given slots session. If you have a win goal of 10%, then your win goal would be $100 for any given slot machine sessions. As soon as you hit that goal, you walk away from the slot machine — no matter what. A win goal is a hard-and-fast rule, because it locks in winnings. One of the biggest mistakes players make is losing back their winnings, because they think they’re on a hot streak.
Setting a Loss Limit
Even more dangerous is trying to win back cash you just loss. To protect against this tendency, set a loss limit. Once again, make this your hard-and-fast rule. Typical loss limits can be 5%, 10%, 15%, or 20% — though 20% means you could lose the entire bankroll in 5 slots session. 10% to 15% is a good middle ground. Once you’ve lost that amount, walk away from the slot machine under all circumstances. The slots game is not “due” to pay out, so step away from the machine and clear your mind.
Win goals and loss limits guard against gambler’s fallacy. Gambler’s fallacy is the idea that the law of averages assures or weight the odds in your favor. Slots use random number generators and every spin is entirely separate from the previous spin. Losing the last spin does not make it more likely you’ll win the next spin. The odds stay the same, no matter how many wins or losses in a row you’ve had.
Avoid Progressive Betting
For that reason, avoid progressive betting systems like the Martingale system, D’Alembert system, Fibonacci system, and so on. Betting experts have used computer simulations to track the progressive betting methods against flat betting (same bet each spin). Flat betting beats all of the progressive betting schemes over 1 billion spins.
Progressive betting seems like it’s working, because it leads to a lot of small winning sessions. The problem is that it also has a handful of huge losing sessions which wipe out all the wins — and then some. You can’t beat the house edge with the Martingale system, however it might look to the naked eye. The Fibonacci numbers are incredible, but they are not a magical way to beat the casino.
The reason progressive bets are bad is they increase the size of your bets (in some systems exponentially). If you start with $5 or $10 bets, a streak of bad luck has you betting hundreds of dollars on one spin. That’s busts your bankroll and leads to a “risk of ruin” — meaning you’ll lose your whole bankroll if you hit a bad luck streak. No matter what you read online, flat bets are better.
Take Breaks for Rest and Refreshments
Play when you are at your best physically and mentally. Don’t play when you’re tired or sleepy. Don’t play when you’re hungry or thirsty. Take frequent rest and restroom breaks. If you get bored, take a break and walk the casino. Play another game to change up the betting pattern.
When you are rested and engaged, you won’t have distractions that might lead to bad decisions. The idea is to have fun, so if anything is causing you to lose focus on the entertainment aspect of the game, walk away and save your bankroll.
What Are Slot Machines Worth
Don’t Go on Tilt
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Tilt is a concept in poker where a player makes decisions based on emotional responses instead of solid strategy. It can cost a player a lot of money if they make bets based on anything but rational decisions. While going on tilt is not a concept in slot machine gambling, every game of chance has a personal component.
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In short, don’t play when you’re agitated. Take stock of your inner thoughts. If your ego or anger is causing you to make irrational decisions, take a deep breath and calm down. If that doesn’t work, walk away and clear your head. It stinks to lose a series of bets, but what stinks more is to lose a series of bigger bets when you’re trying to make up for lost bankroll.
Best Denomination Slots To Play
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