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Strategy #3- Casino must be regulated and have independent third-party oversight. This strategy relates to the previous strategy because usually you find class II machines in casinos that are not state regulated. Most class II machines are found on Indian gaming reservations where many state regulations do not apply. Secrets of India is a 5-reel, 50-line online slot game with bonus spins, autoplay, video slots, wild symbol, scatter symbol, gamble feature, animals, adventure, indian and exotic entertainment themes. 5 Slot Machine Strategy Tips You Didn’t Know Existed By Gemma Sykes on February 9, 2012 We all believe that slot machines, one of the most popular casino games, are purely based on luck and nothing else.
CASINOS: Sovereignty keeps financial reports from state, public
November 24, 20033
By GUY KOVNER THE PRESS DEMOCRAT
© The Press Democrat
Patrons at California Indian casinos are pouring about $130 million a day into 52,600 slot machines. How much they are reaping in return and whether the payoff is better across the state line in Nevada is one of the central issues in the competition for the gambling dollar.
Nevada pays almost 95 cents of every dollar dropped into slots back to players, and it must account for every nickel in reports to the state. California has no such records, leaving gamblers at the state's 54 tribal casinos guessing and state policy-makers in the dark.
Indian casinos are located on sovereign territory, with most rules and enforcement handled by the tribes themselves. Their financial reports go to a federal agency, which doesn't share the details with the state or the public.
Tribal leaders say their casinos pay out as much as Nevada's. A Nevada gaming expert maintains the return is probably lower, but there is no independent verification for any claim.
'There's no way to know,' said Bill Thompson, gaming expert and professor of public administration at the University of Nevada, Las Vegas.
Millions of gambler dollars are at stake because slots, from nickel-a-pull games to progressive machines with multimillion-dollar jackpots, account for the bulk of casino gaming revenues: 67 percent in Nevada; 80 percent to 90 percent in California.
Some Nevada gaming analysts say their state's 185,000 slots are more generous -- 'looser' in gaming parlance -- than California's, contending that stiff competition drives Nevada's odds in the player's favor.
Nevada casinos advertise as much as a 97 percent payback, with some machines set above 100 percent, Thompson said. Casinos advertise the rates to draw customers, and the 100 percent machines are scattered on the casino floor.
Nevada's Gaming Control Board polices casino advertising and constantly checks slot machine performance, said Joanie Jacka, administrative coordinator for the agency.
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The state won't allow anyone to claim the 'loosest machines in town,' Jacka said, because individual casino payback rates aren't made public. Nevada reports slot payback by area, such as Las Vegas, Reno and Tahoe, and by type of machine, from 5 cent to $100 games. 'Our machines pay the most of any in the United States,' Thompson said.
Atlantic City slots return 91 percent to 92 percent to players, and New Jersey doesn't allow casinos to advertise their odds, he said.
In contrast, California's 54 casinos enjoy what Thompson calls a 'local monopoly,' sheltering them from competition and allowing a slot machine payback he estimates at 85 percent.
A tribal casino executive says there's no way the payoff could be poorer in the Golden State. 'You'd have a big empty room,' said Anthony Miranda, who runs the Pechanga Resort and Casino in Riverside County, one of California's largest gaming halls.
Tribal casinos pay back an average of 95 percent to 96 percent, keeping only 4 percent or 5 percent and depending on high volume, meaning heavy play at the machines, to make a profit, Miranda said.
'If we had 80 percent payout games, our customers would be flocking to Nevada,' he said. Miranda declined to cite Pechanga's payback, but said it was 'comparable to Nevada.'
A computer chip in every machine controls the payback rate. In Nevada, state officials test the machines before and after they are placed on a casino floor, assuring they meet the state's 75 percent minimum payback. Competition forces casinos to sweeten the pot considerably.
The payback varies, from 93.8 percent last year on the Las Vegas Strip to 95.35 percent in Sparks, one of the best rates in the state, according to Nevada Gaming Control Board reports. Reno casinos paid back 95.02 percent; South Shore Lake Tahoe, 94.23 percent; and North Shore, 94.62 percent.
Payback rate improves with the stakes: Nevada's nickel slots returned 92 percent to players, while $25 machines paid back 96.7 percent.
Patrons dropped $115 billion into Nevada slots last year, and the casinos kept $6.3 billion, about 5.5 percent. Keeping another 1 percent of the total would have added more than $1 billion to the casinos' coffers.
California tribal casinos do not make public how much they are making and paying back from slot machines, but state officials and other experts say slot machines earn casinos $250 a day, or $13 million a day statewide. If that represents 10 percent of the money put in by players, assuming a 90 percent payback, then $130 million a day -- $47.5 billion a year -- is pouring into the machines.
Tribal casinos submit annual independent audits, including slot machine payout, to the National Indian Gaming Commission, a federal regulatory agency.
The agency doesn't share the financial data with states, said Greg Bergfeld, who works in the national commission's Sacramento office.
California casinos' slot payback rate is 'very competitive with Nevada,' he said.
'There is no verification,' said Cheryl Schmit, director of Stand Up for California, a gambling watchdog group.
The only statistics released by the national commission are tribal gaming revenues by region, including one region that essentially covers California. Gaming revenue for fiscal year 2002 in California was $3.6 billion, up 24 percent, or more than $700 million, from the previous year, according to the national commission.
Critics say the tribes are too conservative in calculating their revenues. The state says tribal gaming revenue is $5 billion to $6 billion a year.
River Rock Casino, which opened amid controversy last fall in Alexander Valley, offers a payback 'similar to those in Nevada,' said spokesman Dave Reiseman. He didn't cite a specific figure.
Inside the domed, tent-topped casino, bright lights flash, chimes ring and drums spin on 1,600 slot machines with names like 'Blazing 7,' 'Movie Star' and 'Winning for Dummies.' A 25-cent slot lists a $1,198 jackpot, while the $1-a-play progressive slot 'Megabucks' shows a jackpot of $7.8 million and counting upward right before players' eyes.
Two players said they think Nevada offers better odds.
'I think they pay better in Nevada,' said Pedro Fernandez of Santa Rosa, who said he puts about $50 in the slots on his visits to River Rock.
James King of Santa Rosa said he has 'done pretty well' at River Rock, including a recent $1,700 jackpot. But he used to go to Reno once a month 'and it always seems I did a little better there.'
Even if River Rock slots are less generous, King said there's a big difference in time and money between a four-hour, 170-mile drive over the Sierra to Reno and a 20-minute trip to Alexander Valley.
Convenience is a significant economic factor, which may erase the difference in slot payback between distant Nevada and casinos near a Californian's home, Thompson said.
No matter how high the payback, there's no guarantee a player will profit from pumping money into a machine. By continued playing -- a process known in gambling parlance as 'the grind' -- machines will usually take it all.
If the experience lasts long enough, it may not matter. 'People tend to put in all their money anyway -- they're just buying time,' Thompson said.
King said that when he hit the $1,700 jackpot, he left while he still had $1,200. 'In the long run you always end up losing more than you win,' he said.
by Leslie McDonald
1.
There are two kinds of slot players: those who play to win and those who play for entertainment. What’s fascinating about slot players is that nearly all of them will tell you they play to win, even if their behavior indicates otherwise. I can’t think of another activity where the distinction between perception and reality is so great.
2.
Take for example the drug addict who can go days without using and whose usage doesn’t cause problems at work or home. (Yet.) While this person insists there’s nothing abnormal about their behavior, they will at least acknowledge that there are those whose drug use has gotten out of control. Not so the slot player, for whom the notion that someone would pay all that money simply to be entertained is so strange that it can barely be comprehended. Of course they’re playing to win! Except they’re not.
3.
The sound that most associate with slots is the rattle of coins hitting the tray. Now that paper tickets that are cashed out at the cage have replaced coins, this sound is simulated electronically. At Thunderclap, the main hall was built above the basement. As the casino expanded and more slot machines were installed, the floor had to be bolstered to support the weight of the machines with a full load of coins. Shortly after this retrofit was completed, slot machines went coinless.
4.
Slot players who play to win are system players. If you’re not playing with a system, you’re not playing to win. You’re just paying rent on a stool.
5.
Different games require different systems. Video poker has the most complex system. There are many different kinds of video poker games and they each require a different system of play. If you go through the trouble to learn them (and the information is readily available; there are countless books on the subject) you can neutralize the house’s advantage, making video poker the best bet to break even in the casino. Play the games they way they are meant to be played, and they’ll pay. But people don’t go to casinos to do math, they go to have fun.
6.
Anything can be a system: Only playing certain machines on certain days is a system. Limiting how much money you spend is a system. Wearing green socks on the first Friday of every month is a system. The key to systems is consistency. If you don’t stick to your system, there’s no way to gauge its effectiveness, i.e. there’s no point to even having one.
7.
Every dollar that gets put into a slot machine cycles through the game approximately 2.5 times before it ultimately ends up in the player’s pocket or the casino’s vault.
8.
Here’s a system you can use. Let’s say you’re playing an old-fashioned three-reel machine at a dollar a spin with a max bet of three. A reel is a mechanical wheel that spins inside the machine. When the symbols on the reels line up in a designated pattern, the player wins. This line is called the payline. If you put in $10, the credit meter will display 10. You can bet one, two, or three credits. If you bet three credits, i.e. max bet, when the reels spin your credit meter adjusts to 7. Congratulations, a single spin on a $1 machine just cost you $3. It’s particularly frustrating when the first reel of your $3 bet stops between symbols. At this rate, you’ll be broke in no time. So start with a single credit. If the first reel doesn’t stop with a symbol on the payline, stick to a single-credit bet for the next spin. But if that first reel puts a symbol on the payline, up the bet, even if the second or third reel doesn’t. As long as the first reel puts a symbol on the payline, keep upping the bet all the way to max bet. But as soon as the first reel stops cooperating, drop back down to a one-credit wager. I call this system the Rule of Firsts. The thing about this system, of course, is it’s not really a system.
9.
This is what happens when you press the spin button on a slot machine: the button sends an electromagnetic signal to a random number generator, which assigns a value to each reel that determines its position. In other words, before the reels even begin to spin the outcome of the game has been decided. So much for systems.
10.
The only parts of the transaction that are not ruled by chance are time spent on the machine and the amount of the wager. That’s why someone playing for money and not for fun always looks to maximize their bet on the fewest number of spins. This isn’t what most players want to hear. Most players want a little drama, a little suspense. Most players just want some action. The machine may know the outcome, but you don’t, and that’s good enough. Most players will tell you they’re hoping to hit the jackpot, but will settle for minimal payouts. Players tend to stay on the machines that pay out frequently because they feel as though their time is being rewarded, even when they’re losing, which makes absolutely no sense whatsoever.
11.
The posture of the player playing for money is distinct from the player playing for fun. If body language is a spiritual “tell,” system players are miserable people. Playing for fun is more fun than playing for money. No surprise there. Sometimes you win even when you lose.
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12.
Most experts will tell you that gambling is a game of chance; those experts are wrong. Gambling is a psychological phenomenon. Gambling takes place in the mind, not at a slot machine, horse track, poker table or back alley dice game. Gambling is the metaphysical absorption and dispensation of risk for the purpose of sport with real-life consequences. This is why gambling makes no sense to people who are risk-averse and is vastly appealing to fabulists. Gambling taps into our imagination. Gambling makes us believe things we ought not to believe, which is as good a definition of fiction as one is likely to find.
13.
What about luck? Luck has nothing to do with anything unless you’re the kind of person who thinks it has everything to do with everything. People who believe in luck tend not to be system players. Luck isn’t what’s making the casinos rich. Luck doesn’t pay the rent or the car payment or the cosmetic surgeon. Luck doesn’t keep the lights on at Thunderclap. But going to a casino and not believing in luck is like going to church and not believing in heaven.