- Las Vegas Casino Payout Percentages California
- Nevada Slot Machine Payout Percentages
- Payout Percentage For Indian Casinos
- Where to Bet:
NFL Week 11 Opening Line Report
How often does a casino change the percentage on a slot machine? - Nathan from Marquette, Michigan. Contrary to popular myth, the casinos don't tighten the machines on weekends or whenever it is busy. Here, in Las Vegas, the casinos have to fill out a form on each game every time they change the percentage. Most slot managers I have. Just to mention: in online casinos this so-called Return To Player (RTP) is usually set somewhere between 93% and 98%, meaning gamblers in Las Vegas stand a lot less chance against the house. It is even quite rare to find Las Vegas casinos advertising their slot odds to their visitors, which is a major drawback if you ask us.
How to read NFL Las Vegas Odds
The point-spread was developed to provide a balance for both teams involved in a contest to entice bettors to potentially back the weaker team and receive points. The two squads in a game are listed with a title, either a favorite or an underdog. All casinos in oklahoma. The favorite is usually the perceived better team in the game, as backing them means giving up several points.
The favorite is always listed with a minus (-) sign before the point-spread while the underdog is labeled with a plus (+) label.
Ex. Favorite -10, Underdog +10
On the VegasInsider.com odds page, there is another number associated with the favorite and its listed as -10. This number is simply defined as “vig” or what many in the sports betting industry call vigorish. Another common term is called “juice” and it’s technically the price the bettor has to pay on a straight wager.
Ex. Bet $110 to win $100 (10% juice)
Ex. Bet $100 to win $90.91 (10% juice)
It's not uncommon to see other values posted other than -10. Examples seen on the NFL Vegas Odds pages could include -08, -12, -15 and -20. The -10 price is the most common value in the industry while many books offer reduced 'juice odds' and that would fall into the -08 category.
The lower-juice sportsbooks are normally found outside of the state Nevada. If you are in a state where sports betting is legal, please check out our online sportsbook directory to find the best and most secure places to make NFL bets.
Another number that’s posted on the NFL Las Vegas is the total or ‘over/under’ for the specific matchup. If the favorite is designated as the home team, then the total will be listed above and vice versa if the visitors are favorites.
All of the above numbers are listed next to the teams, and before each matchup is a Rotation number. The NFL Las Vegas Odds are listed in order of rotation and those numbers are generated and produced by the sportsbooks. Above each matchup and rotation is the Time of the game, which is subject to change. All game times are Eastern Standard Time.
NFL Open Line
One of the best features on the NFL Vegas Odds is the Open Line. This numbers consists of the first betting line received from one of our Las Vegas or Global Sportsbooks. The opening line varies depending on the sportsbook but it provides a clear-cut rating that the oddsmakers use. If you’re betting on the NFL or any other sport, it’s a great idea to view the open line first.
Las Vegas Casino Payout Percentages California
VI Consensus NFL Line
The VegasInsider.com Consensus NFL Line is just as important as the Open Line and also a key resource on odds platform. The Consensus column could be called a “Median Line” since it shows the most consistent number provided by the sportsbooks on VegasInsider.com. The consensus line will be the same as the open line but once the wagers start coming in, this number is often different than the openers.
Nevada Slot Machine Payout Percentages
How do I bet on the Super Bowl?
We know that you can bet on the Super Bowl and all of NFL Futures or bet on the NFL Draft at any time of the year, but what’s the process? The future wager or the “Odds to Win” bet on the Super Bowl is correctly selecting a team to win an event that takes place at a later time. A bettor will have his wagered money tied up until there is an outcome and bettors will receive fixed odds when they place the wager. In the case of the Super Bowl, you’re not a winner or loser until you see zeros on the clock in the final game.
Most sportsbooks offer different ways to read to Super Bowl Odds. In the fractional NFL Futures Odds format below, you simply take the odds and multiply by the amount wagered.
Ex. Green Bay (8/1) to win the Super Bowl
The Packers are listed as an 8/1 betting choice to win the Super Bowl. If you wager $100 on Green Bay to win the NFC and they capture the championship, then you would win $800 (8 ÷ 1 x 100). Your online betting account would then credit your account $900, which includes your win and stake ($100).
The American Format would see Green Bay listed at +800 and for the Decimal Format, the Packers would be 9.00.
Payout Percentage For Indian Casinos
If you are in a state where online betting is legal, we encourage you to check out our sportsbook directory to find the most trustworthy and reputable sites and mobile apps to place your Super Bowl bets.
Slot game payback or payout percentage is commonly called the slots Return to Player (RTP) and is the overall percentage that a casino slot machine or game will return to the player either during a playing session or over the life of the slot machine, whether it's a land casino slot or an online casino slot. Hold percentage is the amount kept by the casino or the casino profit. The RTP can be measured by the formula Amount Returned to Player / Amount Wagered by Player.
When it comes to land casino slots, there are many factors that are taken into consideration before the slots hit the casino floor. In the USA location, competition, profit and state regulations can affect how and why a slot machine end ups with a certain payback percentage.
When land casinos purchase slot machines from the manufacturer, they order the slots with a set payback percentage. Similarly Online Casinos license the game software with a set payback percentage. Many Las Vegas casinos offer slot payback percentages in the 98% range while state operated and tribal casinos are in the 92% or lower range.
Today slots run on a network. Visit a land casino in the early morning hours and you can see banks of slot machines disabled while the slot techs swap out the cash boxes.
Years ago to change the RTP the slot would have to be opened and a new computer chip containing the RTP algorithm installed. However, back in 2006 some land casinos were experimenting with updating the slots payback percentage directly via a simple download from the network computer. Most likely that is how its done these days.
Many gamblers play online slots as they offer a higher slot pay back than most land casinos. Land-based casinos offer payout percentages in the range of 87% to 92% with some highly competitive areas like Las Vegas offer slots with a 98% payback.
Some of higher pay out slots are the video bonus slots available at Slots Village Casino and for classic or traditional slots Slotland Casino.
Many slot players believe it is the slot machines Random Number Generator (RNG) that determines the payback percentage, however this is incorrect, it is the reels or reel strips that determine payback percentage. The RNG just determines which combination of symbols the spin will stop on. Change the number of times a symbol appears on a reel and you've changed the slot machines payback percentage.
When a casino wants to change the payback percentage of a slot machine they change the reels or in the case of video bonus slots, the virtual reels.
Land slot machine manufacturers send their RNG algorithm to an independent lab for testing before releasing the machines to the casinos. Similarly the software makers of online casino games do as well.
The Random Number Generator (RNG) algorithm used in our recommended Real Time Gaming Casinos and recommended Playtech Casinos is tested for fairness and randomness by Technical Systems Testing. |
Technical Systems Testing (TST), is an internationally recognized accredited testing facility. Some of their clients include International Game Technology (IGT), Aristocrat, Mikohn and the Massachusetts, Michigan and Ontario Lotteries. In 2010 TST became part of Gaming Laboratories International (GLI).
Both online and land based casinos record every coin in, won and cashed out of a slot machine. Sometimes the casino floor technician needs to remove a jammed bill and the audit slip will print out. The audit slip shows the grand totals for the coins in, coins won and coins cashed out. By crunching these numbers you can get a good idea of the long-term payback percentage. However, this information is readily available if you know where to look for it.
Trusted online and land casinos hire or staff independent auditors to review this information monthly. For example Foxwoods Resort Casino publishes slot handle payback information in their array of Media Relations Press Releases and Mohegan Sun publishes Slot Machine Statistical Reports on their Investor Relations page.
Microgaming is one of the largest online casino game manufacturers and contracts the non-profit organization eCOGRA. (eCommerce and Online Gaming Regulation and Assurance) to review and certify their casino payback percentages. | |
eCOGRA is the independent standards authority for the online gaming industry. eCOGRA helps players identify online casino and poker sites that are safe, fair and responsible. | |
What does the eCOGRA Seal mean?The Play It Safe Seal is awarded to operators that fully comply with eCOGRA's strict standards for player protection, fair gaming and responsible operator conduct. Sites and their player policies are checked and rechecked on an ongoing basis to ensure their compliance with these standards, as well as your safety online. The Seal has become a homepage symbol of documented, objective, fair play. | |
All our Recommended Microgaming Casinos display eCOGRA Seal of Approval on the bottom of their web sites. When you click on the icon you can see the certified monthly audit reports for their casino and individual game line up. |
Although playing a slot machine with the highest pay back percentage is recommended, it is not because you'll necessarily win more playing it, it is because it will eat through less of your bankroll, which in turn will give you more spins. By getting more spins out of a machine you'll increase the likelihood of hitting more winning combinations and perhaps walk away a winner.
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