Over time, there has been little change in the actual payback percentages on the various denominations of traditional machines. The traditional penny machines return about 85 percent; nickel machines about 88 percent; the 25-cent machines return about 90 percent; the 50-cent machines a little over 90 percent; the $1 machines return about 91-92 percent; and the $5 machines return about 94-95 percent. Some venues are more generous than others. Below, understand what the casinos are really saying when they advertise their payback percentages.

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Sledgehammer Hitting Slot Machine Machines
Sledgehammer Hitting Slot Machine Machines
Sledgehammer Hitting Slot Machine Jackpot

But keep in mind that casinos are designing slot machines to go faster and faster between spins. Some are even doing away with the handles and tokens by using digital readouts on gaming cards that you put into the machines. The faster machines can play up to 25 spins per hour, and 972 spins divided by 25 spins per minute is 38.88 minutes.
Here's the deal, you've got to stop tweaking the game with a sledge hammer. Players want balance to classes and the economy, they want change in increments, when you hit portions of the game like this you create shock-waves. I'm not just referring to the slot machine either.

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Payback Percentage:
You might have seen advertisements in some casino venues stating that their machines return 98 percent of the money being played. The casinos make such a payback look as if it is a great thing. In reality, what the casino is saying actually is, â??You put in $100, and weâ??ll give you back $98.â? Of course, this is the expected value over time â?? a $2 loss for every $100 played. Naturally, the first $100 you put in might win you thousands or lose you every penny. But over time, the expected value in real life will be the expected value programmed into the machine. Thereâ??s no escaping it â?? reel life and real life ultimately even out. Given the number of machines casinos have and the number of decisions those machines give out, the casinos are on top in a very short period of time â?? and the money just rolls in.

So how is the machine going to pay out this money? How does it know to keep $2 per $100 wagered? If we take a strictly random coin toss of heads and tails, the odds are 50/50 that youâ??ll hit whatever side of the coin on which you are betting. In a fair game where the casino has no edge and you have no edge, a $100 bet will win you $100 or lose you $100. Over enough time, the expectation is for you and the casino to be even.

But what if the casino decides to pay you $96 for your wins but still take the $100 from you when you lose? Well, the casino now has a 2 percent edge over you. For $100 wagered, you win one ($96) and lose one ($100), so the $200 you bet returns $196 â?? a 98 percent return on the money you played. The casino is now keeping $2 per every $100 you wager.

Obviously inside that slot machineâ??s payback programming are thousands of combinations appearing and disappearing constantly, but all of them combined follow the basic concept of a random coin toss, where the casino will pay back less than it takes in. Thatâ??s how the casino makes its profit.

There is no way to change this, short of taking a sledgehammer to the machine and walloping it, which means over time, slot players must lose. Even advantage-play machines win money for the casinos because the machine is only in a player-favorable mode for a small percentage of the time. The rest of the time, the house has its nice fat edge. Thatâ??s why advantage slot players must only play these machines at those times when the machine is in that positive mode. To do otherwise is to be playing a losing game.

How do the casinos know that the programming will work itself out? Go back to the coin toss. Heads and tails will each appear half the time. The casino cannot lose when the machine is played over an extended period of time. And donâ??t just think of one machine as a 50/50 coin toss that short-changes on the wins; think of hundreds of thousands of them, each churning out decisions every few seconds. The casino is in the long run in a rather short period of time due to the total number of machines slot players are playing. The casinos must win, and they certainly do win â?? a lot.

The same principle applies to the linked-progressive machines. The linked machines either each have an individual RNG that will signal the main jackpot computer that the jackpot line has been hit, or all the machines are being run by a central RNG. In reality, it does not matter how the machines are set up; the paybacks will follow the programming in terms of what the casino gives and what the casino takes â?? and naturally what the casino takes will far outweigh what it gives.

Hit Frequency:
Not all slot machine decisions return money to the player. In fact, most slot players have been trained to expect long stretches of play without any returns at all. A return on a slot machine is called a â??hit,â? as in â??I didnâ??t hit anythingâ? or â??I was hitting like crazy all night.â?

The hit frequency is how often a player gets some kind of a return. It is not, as some would think, how often a player wins. A return of two coins for three coins played is considered a hit, but it is obviously not a win.

Most slot machines have hit frequencies between 9 percent and about 25 percent, which means that a player will get a hit, on average, 9-25 times out of 100 spins. Some of these hits will be for marginal returns, and fewer will be for decent or big wins.

In an informal study of slot players, I discovered that a slight majority want to be in on major hits, meaning bigger wins, instead of having frequent hits, and therefore they tend to prefer machines with lower hit frequencies but bigger payouts. I had thought it would be just the opposite â?? steady hits and less waiting time instead of infrequent larger hits with much longer waiting times. The reality did not correspond to my intuition.

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Author Bio: Frank Scobleteâ??s newest books are â??Slots Conquest: How to Beat the Slot Machinesâ? featuring advantage-play slots that give the players the edge; â??Casino Craps: Shoot to Winâ? that comes with a DVD showing unedited controlled throws; â??Cutting Edge Craps: Advanced Strategies for Serious Playersâ?; and â??Beat Blackjack Now: The Easiest Way to Get the Edge.â? All books are available at bookstores, from Amazon.com or by calling 1-800-944-0406. If you would you like a free month’s subscription to Frank Scobleteâ??s private site and/or a free brochure, e-mail fscobe@optonline.net or call 1-800-944-0406.

Find out what slot machines actually returned to the public. Just clickbelow to see slot machine payback statistics for casinos in all U.S. states.

Alabama	Arizona	Arkansas	California
Colorado	Connecticut	Delaware	Florida
Georgia	Idaho	Illinois	Indiana
Iowa	Kansas	Louisiana	Maine
Maryland	Massachusetts	Michigan	Minnesota
Mississippi	Missouri	Montana	Nebraska
Nevada	New Jersey	New Mexico	New York
North Carolina	North Dakota	Ohio	Oklahoma
Oregon	Pennsylvania	Rhode Island	South Carolina
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