Best Odds In Casino Slots
When you visit a casino, all the action appears to be happening at the tables. But when it comes to ease of play and popularity, slots come out on top. In fact, casinos dedicate roughly 80% of their gaming floor to slots. Only 20% is for table games.
The reason? Slots are more popular and account for more revenue than all other gambling sources combined. And for good reason. Playing a slot machine doesn’t require any gambling knowledge. On top of that, you can bet as little as $0.01.
Best slots odds in Vegas. Terrestrial casinos offer for slot games a payment percentage around 80% -95%, but the best casinos do not fall below 95% and others go even up to 98%. Las Vegas casinos have an average share of 0.85 cents payment. It means that they pay 85 cents for every dollar earned. Better odds slots or blackjack? Before we start discussing which slot machines have the best odds, it’s important to know what types of slot machines exist, especially since there are so many different kinds. For example, some machines feature personal jackpots, whereas others are equipped with progressive bonus rounds. Placing a $1 bet has the best odds of winning, with only an 11 Percent edge for the house, but also the worst payout. The Joker offers a 36x payout but has a 24 percent edge for the house. Slots: Odds of Winning Around 1 in 49,836,032 You play slots by putting money into a slot machine and pulling a lever or pushing a button to spin a wheel.
That's because although you can't win at slot machines every time, picking a good slot machine is the best way to improve your odds and let the RTP of the casino slot do the ‘hard work' for you. Well, I'm a local. I always frequent the casinos off the strip, and I've won $10,000 (on a penny slot). $2800 (on another penny slot). And $5600 (again, a penny slot).
What slots and table games have in common, however, is the enforcement of a withholding tax. If you’re one of the millions who visits Las Vegas annually, you need to remember that your winnings could be subject to a 30% withholding tax by the Internal Revenue Service (IRS).
Fortunately, Refund Management Services (RMS) can help you reclaim a portion or all of your withheld winnings.
Finding the Loosest Slots in Las Vegas
It’s not hard to find a slot machine in Nevada. In fact, there are over 490,000 slots and gaming machines in Clark County alone (the county where you find Las Vegas). And they’re not just located in casinos. You can find slot machines in the airport, gas stations, and convenience stores.
What is hard, though, is finding slot machines with the best payouts. After all, no one likes to go into a casino and lose $100 on the slots in 30 minutes. The goal is to win, or at least make your money last longer.
Thanks to increased competition in gambling hubs like Las Vegas, Reno, and Atlantic City, casino operators are battling for customers. To keep customers coming back, many casinos are increasing the number of jackpots at their slot machines.
All slot machines work on a payback percentage that the casinos can set. They can make a slot machine tight or loose. Loose slot machines increase the chances of a player hitting a payout. This creates excitement and helps keep players in their seats on the gambling floor.
For slots aficionados, it’s all about finding the loose machines. Not surprisingly, casinos do not advertise which machines are loose or the payout percentages of individual machines.
But that doesn’t mean you can’t do a little digging and find out which kinds of slot machines have the biggest win percentages. It turns out, you need to spend money to make money in Las Vegas.
Best Slots to Play in Las Vegas
Statistics from the Nevada Gaming Control Board show which slots offer the best payouts in the order of the denomination played. In June 2016 in Clark County, Megabucks progressive slots posted the worst win percentage at 85.15%.1
What that means is, for every $100 you spend, you can expect to win $85.15. Megabucks progressive slots generally have the worst win percentage because the huge jackpot outweighs the bad odds.
The best win percentages came from high-roller slots. Slots that accept denominations of $5, $25, and $100 returned 94.05%, 94.97%, and 94.35%, respectively. While you can lose your money faster with high-roller slots, the payout percentages are always better (on all slots regardless of the denomination) if you get the maximum amount on each spin.
The most fruitful games, when it comes to odds and cost, are the nickel and quarter slots. In June, nickel slots had a win percentage of 94.2% while quarter slots paid back 93.06%. Next to Megabucks, penny slots have the worst win percentage, returning 88.83%.
Casinos with the Most Slots in Las Vegas
The Orleans Hotel and Casino
The Orleans is a Mardi Gras-themed casino hotel located a few minutes west of the Strip. The casino floor covers 137,000 square feet and has over 2,600 slot machines. There is also a high-limit slot salon.2
The casino also has over 60 table games and a 35-table poker room. You can also find a seat in the 125-person race and sports book with 13 betting windows.
MGM Grand Las Vegas
The MGM Grand is located at the south end of the Strip. It’s easy to spot the MGM Grand casino—it’s a massive emerald-coloured complex with a 45-foot bronze lion out front.
The MGM Grand covers over 170,000 square feet and has 3,000 slot machines (with denominations ranging from $0.01 to $1,000. There are also around 200 table games, a 24-hour poker room, and a race and sports book.3
Sam’s Town Hotel and Gambling Hall
Sam’s is a sprawling casino resort 10 km east of the Strip. The 120,000-square-foot casino is spread out over three floors where you’ll find over 3,100 slot machines, 50 table games, an 11-table poker room, a 570-seat bingo room, and a 60-screen race and sports book.4
Casino Slot Winnings Subject to 30% Withholding Tax
Non-U.S. residents who win a significant amount of money playing the slots at any casino or gaming facility in the United States are subject to a 30% withholding tax by the IRS.
In the U.S., winnings from casino games and other games of chance (racetrack, game show) are considered income. If you win $2,000 playing the slots, the casino will pay you $1,400. The IRS keeps the rest. But if you live in a country like Canada, which has signed a U.S. tax treaty, you may be eligible for a refund.
There are a number of countries that currently do not have a U.S. tax treaty. However, if you reside in any of the following countries, you could still be eligible for a refund: Australia, Bahrain, Barbados, Brazil, China, India, Indonesia, Israel, Kuwait, Mexico, Malaysia, Monaco, New Zealand, Norway, Saudi Arabia, Singapore, South Korea, Switzerland, Taiwan, Thailand, and the U.A.E.
To see if you meet the criteria and are eligible to get some or all of your withholding tax back, contact RMS.
RMS, the Easiest Way to Get Your 30% Withholding Tax Back
If you’ve visited the U.S. and had 30% of your casino winnings held back by the IRS, Refund Management Services (RMS) can help you reclaim a portion or all of your taxable winnings.
Founded by a Canadian chartered accountant, RMS is Canada’s most reliable and experienced gaming and casino tax refund provider. Over the years, RMS has helped thousands of people around the world recover taxes on their U.S. gaming wins. We’ve also never been refused an eligible refund.
Only RMS has the One Simple StepTM process with an easy online form to fill out. After you complete the form, our customer service agents take care of the rest, processing and submitting it to the IRS. It can take a minimum of one year for the IRS to review the claim and for RMS to receive the refund.
Contact RMS today by calling our toll-free number at 1-855-860-2610 or by e-mailing us at [email protected].
Sources:
1. “June Gaming Revenue Report,” Nevada Gaming Control Board web site; http://gaming.nv.gov/modules/showdocument.aspx?documentid=11262.
2. “Play,” The Orleans Hotel and Casino web site; http://www.orleanscasino.com/play.
3. “Casino,” MGM Grand Las Vegas web site; https://www.mgmgrand.com/en/casino.html.
4. “Play,” Sam’s Town Hotel and Gambling Hall web site; http://www.samstownlv.com/play.
Casino games and gambling are popular for a long time. Some of the most popular games are Poker, Blackjack, and Roulette. On the other hand, with the introduction and wide use of smartphones in recent years, with highly developed technology, we can see that online casinos became much more popular than standard land-based ones.
The main reason for that lies in the fact that you can try out your luck whenever and wherever you are, by registering on some casino app or online platform, and placing your first deposit. Moreover, many people find online casinos attractive because most of them offer a free bonus or doubles your deposit first time when you register.
While many people find it interesting to visit some big casino resorts like ones in Las Vegas or Atlantic City, online platforms where you can gamble are much more convenient. When it comes to odds, there is no big difference between machines in some land-based casinos and virtual ones. However, you should look for online platforms that offer at least a 95%-win rate. We advise you to always check the reviews of online casinos and avoid ones with smaller odds. Always look for casinos that offer great bonuses, like netti-kasinot, where you can see what are the best online casinos in Finland.
Furthermore, you should learn more about all the games that are available in online casinos, and what are your chances for a win. Each game has different odds, and most of them do not require any special skills to play them successfully. Here are six casino games with the best odds to win online.
1. House of Doom Slots
Besides the widely popular table games such as Texas Hold’Em, Roulette, and Blackjack, most people today prefer slot machines. The main reason for that is you don’t need any knowledge here, only pure luck. Also, most of these games offer amazing bonuses, free spins, jackpots, and interesting graphics and gameplay that people find amusing and relaxing. One of the best virtual slot machines when it comes to winning odds is House of Doom Slots. You can play this game on your smartphone and enjoy great thematic, music, and graphics. There are 5 reels and 10 pay lines in the game, while the most valuable symbol pays 70 times the bet. Also, like in many other games, there is a Wild symbol. The reason why this game is so popular is because of the Bonus Game, which could pay you a maximum of 2,500 times your bet. Besides the House of Doom, there are also many other online slot machines with great return rates, such as Mega Joker, Ugga Bugga, Chess Mate, Blood Suckers, Big Bet Machines, Kings of Chicago, and more.
2. Age of The Gods Roulette
While many people who prefer roulette would rather play at the table than over their phones, this game might attract them because it offers you a chance to play a live-dealer roulette from your home. The developers of this game managed to create a special studio where the dealer is spinning the ball while players can watch it over their phones. Another interesting thing is that there are several jackpots available as well. The biggest win could bring your 243,000$ in one hand. Also, the winning ratio is near 95%, which represents one of the highest paying roulette today. Moreover, you can check the statistics of previous hands. Nonetheless, you can get up to 600$ in bonuses when you register for the first time.
3. Online Video Poker
Each online casino game is offering a different RTP ratio, and for people who are playing with higher bets, it is very important to have the highest possible ones. The online Video Poker is the game with the highest return to player rate that is over 99%. The house edge is only around 0.5% which means that there is a great chance for you to win or at least not to lose much. Company Microgaming All Aces offers the highest return ration with 99,92%. Moreover, even though these games have a high percentage for a win, you should know that playing poker successfully requires some strategy. You should learn when is the best time to place a higher bet or to gamble more.
4. Online Baccarat
Online Casino Best Odds
While this game was considered only as one for a player who is interested in playing big hands with a minimum of 100$ per bet, we can see that many online casinos have lower wages today, with a minimum of around 5$ on average. Also, you can even find ones where you can play a hand with only 1$. However, you should know this game offers you to only double your bet, like in Blackjack, and if you are interested in playing smaller bets, some games like online slots can offer you a chance for a much bigger win with minimum bets. On the other hand, the main benefit of Baccarat is that there is a high chance for a win.
5. Online Blackjack
Blackjack is one of the most popular casino games. The main reason for that is the house edge is only around 1% in most cases, while the most popular online platforms like Microgaming, Betsoft, and Playtech, are having only slightly over 0.3% house edge. You should learn about all of the factors that affect the house advantage such as late surrender, double down, the action of a dealer on a soft 17, number of decks, and more.
Best Odds At Casino
6. Texas Hold’Em
Best Casino Slot Machine Odds
While video poker is a game that you play on a virtual machine, the biggest advantage of widely popular Texas Hold’Em poker is that you can play against other people. This game requires some skills and experience, and it is one of the rare games where luck is not the only factor for a win. Many online casinos have virtual tables and tournaments for this game. Also, if you are good enough, you can try out and compete at the Online Poker tournament. The biggest prize pool was over $12 million.