One of my go-to references for gaming odds and strategy is Wizard of Odds. I often reference their strategy guides when I’m unsure of the specific math behind game strategy. While looking for some information on slot machines over the weekend I found something that I needed to share.
Most players play penny video slots. Based on past research, I find the house edge on those to usually be set from 6% to 15%. In general, the nicer the casino, the tighter the slots.
I’ve noticed this over the years on both ends of the spectrum. Even though casinos have to meet specific return minimums from slot machines within legal parameters of their respective gaming commissions but I’ve noticed that all hotels cater their slot machines to their customer.
As the quote states I’ve also noticed that the nicer the casino the tighter their lower denomination slot machines tend to be. At the same time the higher denomination slot machines in those high-end casinos tend to be a little looser. The same can be said for some of the lower end casinos who cater to penny slot players. Their penny slot machines will likely return a couple more percentage points.
Casino companies are just marketing to their customer. Wynn, Encore and The Venetian want a higher end customer than Circus Circus, Luxor and Excalibur and their gaming reflects that.
This is just low roller and high roller hotels catering to their customer. There’s nothing shady going on but it is something to be aware of when choosing where you gamble.
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