Of course, if you’re playing a game with a better payout percentage (and let’s hope you are, because that 75% is the kind of payout percentage you’ll see at a restaurant or in a bar somewhere), you’ll see a dramatically lower average hourly loss. That means you can expect to lose $3750 per hour at those stakes. So you just multiple it: 600 bets/hours X $25 per bet X 25%. The maximum house edge on slots in Nevada is 25%, so you can assume that in a worst case scenario, you’ll lose 25% of each wager you put through the machine. So if you want to estimate how much money you’ll lose at a given denomination, you can figure it out through simple multiplication and guesswork. Most slots players make 600 bets per hour. If you only have a $500 budget for your gambling trip, and you’re playing a $25 per spin slot machine, you’ll lose your entire gambling bankroll faster than you think.
In practical terms, you want to minimize your losses while maximizing the amount of fun you have. You should NEVER play above the limits your comfortable with just to try to maximize your payout percentage.
How do you make sure that you get lots of money from both machines? You increase your average winnings on the lower limit machine by setting the payout percentage lower. The penny slots take up just as much space as the $25 slots. You’re trying to maximize how much money you make per square foot. Generally speaking, the payout percentage increases along with the denomination.
A little bit of knowledge, wisdom, and math will help make that decision a lot easier. One of the first choices you’ll make at any casino is what denomination you want to play. The perks available to high rollers are also better than those offered to low rollers. They also usually have their own exclusive section in the casino where you can play. For example, higher limit games offer a higher payout percentage (in general) than lower limit games. They have multiple advantages over low limit slots.
High limit slots are slot machines which require relatively large bets in order to play.
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