Tag Archives: payout
Slot Machine Payouts
If you dont care what slot machine you play, picking one is easy. If youre an avid slot machine player, and you want to win the highest amount of money, then you might want to know the slot machine payout to which you are playing. Knowing the pay out percentages is one of the best tips a slot machine player could take heed.
Slot machine payouts vary from machine to machine because of the difference in the pay out schedules so follow a few of these basic rules and you will find the best slot machine payout. You have a choice on how you will find out the slot machine payout, the first option is to ask the casino attendant, or if you are playing online then ask customer service. Most of the time however, you can find this information on the help menu of the slot machine.
By studying the pay table once you have found it, you can determine the variance. A high variance slot machine is usually anything over 10k coins for the highest winning combinations. There is also a medium variance that offers lower variables on a winning combination. High variance games tend to give fewer wins, but once you do win, the win is of substantial amount. Low variance usually gives many small winning combinations but the payout is less than medium or high variance. Always remember, the lower the risk, the lower the slot machine payout.
Payout Percentages Explained What is a payout percentage? This is defined as any amount returned to the slot player in the form of winning cash. This is the difference between total bets and the house edge. Payout percentages may look confusing but actually they are quite easy to understand. If your slot machine states that the payout percentage is 85%, it is safe to say that your slot machine will return 85 cents of winnings to you and will keep the rest of the dollar for revenue. This percentage is actually based on mathematical standings. There is no guarantee that if you spend $100 you will get back 85% of this money. The payout percentage is calculated on a overall of every player, not one player at a time. This means, thousands of spins may result before the percentage is actually paid out.
Slot Machine Payout Schedules A payout schedule is actually a table that explains how the slot machine will pay each winning combination. We all want to win the biggest jackpot, but some slot machines will have huge jackpots but small individual payouts with lower winning combinations. Many times the higher the jackpot, the lower the wins in between.
While most of us will play our whole life and never win the jackpot, we should always play on the slot machines with the best payouts on the lower combinations. Winning a few smaller wins, is much better than never winning that jackpot or anything else for that matter.
There are many that never even look at the payout table or the payout percentage table. It is these people that go home with less money in their pocket than what they initially started with. Stop looking at the highest jackpot amount when searching for the best slot machine to play. Choose a slot machine that offers more winnings for less symbol combinations. You will find that you will be hitting a win a lot more often than if you are focused on the jackpot win.
Pick 4 Strategy Exposes State Lotteries Greatest Fear
State Lotteries across the country protect their Pick 4 lottery systems by writing rules and regulations that prevent the Pick 4 lotto results from bankrupting their systems. They shut out Pick 4 lotto players who want to win the Pick 4 by cutting off a popular number.
Sometimes players go to their local retailer to play a Quad type Pick 4 number such as “7777” only to be told that this Pick 4 lotto number is not available. The players are using their favorite Pick 4 Strategy that leads them to choose this number. Or, players play it based on a particular date.
In the Illinois Pick 4 many players around November 11, 2009, started playing “1111” and continued playing this same number hoping the Pick 4 lotto results when drawn would bring them a cash windfall. For months of being shut out when attempting to play, “1111” exposed the State’s Pick 4 Strategy. The interest in this particular number gained renewed life based on the date January 11, 2010, with 1.11.10. Pick 4 lottery systems based on dates continued to prevent players who wanted to win the Pick 4 to be shut out for another six weeks or more in Illinois from playing “1111”.
With the payout of five thousand dollars ($5,000) for every one dollar ($1) Straight Ticket, the State Lottery coffers would have to payout $1 Million for every two hundred ($200) dollars worth of winning tickets sold. The Pick 4 lottery systems that advocate “date play” that form Quads bring fear to the heart and soul of every State Lottery Office in the country. The winning Pick 4 lotto results, in this case, means the State Lottery could incur a major financial loss.
The only way the State Lotteries could prevent themselves from going “bankrupt” is by writing rules and regulations that would limit the number of tickets that can be sold on a particular Pick 4 number. Their Pick 4 Strategy is particularly focused on the Pick 4 lottery results of a “quad” being drawn. The sale of 500 winning tickets at the basic level of one dollar would result in a Pick 4 lotto payout of $2.5 Million Dollars in most States.
Every time a Quad Number is overplayed, because of popularity, the State’s Pick 4 Lottery System has to expose their Pick 4 Strategy by simply cutting off that particular number from being played.
On March 31, 2010, in the Pennsylvania Big 4, 7-7-7-7 was drawn in the evening draw. The PA Lottery had $7.77 Millions in payouts to over 3,100 players who invested wisely in this Big 4 winning number. The PA Lottery had to pay out more than $7.2 million dollars than it took in for that drawing. The Big 4 payout was a staggering 1,573 percent of sales according to the lottery spokesperson. Luckily for the PA Big 4 Lottery, quads which are very popular with pick 4 lotto players, are rarely drawn.
The last Quad to be drawn in the PA Big 4 was 2-2-2-2 on September 8, 2008, with a payout of $3.09 Million to 1,236 Pick 4 lottery players.
The Pick 4 Strategy to play Quads by so many Pick 4 lotto players exposes the strategy most State Lotteries use to counter pick 4 lotto results that could bankrupt them….this is their greatest fear.
As a Pick 4 lottery player, when was the last time you were shut out with your favorite Pick 4 Quad?