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The average payout on slots machines differ from state to state. In Ohio the average payout is 90%. In New York the average pay out is 91% - 92%. In New Mexico the average payout is about 80%.
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Does the state of Indiana have a minimum payout for slots?
It certainly does! According to Indiana code , slot machines must pay out at least 85% . However, one will find that due to competition from other Casinos in the Tri-state area, the actual payout are closer to the 92% to 94.5 range. But just remember that winning at slots is strictly LUCK!!
Do you believe there is one or more slot machines in any given casino that are set in the players favor and if so why?
Yes and No. As the saying goes 'the house always wins'. Many slot machines in casinos have a set payout rate; usually in the ranges of about 90-98% (the highest payout rates are in Las Vegas). The 2% that doesn't pay out goes to the casino, they make huge amounts of money from slot machines, even at the highest payout rates. In terms of them being in players favor many gamblers who have made a living from casinos have always stated that the best chances to make gains are with the slots rather than using a system with roulette or Blackjack. The payouts with the slot machines are on average a lot more than the table games. When you look at games like Roulette you have a 48% chance of winning on a European Roulette table and 47% chance of winning on the American Table. Compared to a 90-98% payout rate on the slots you can see why a lot of people say the slots are in the players favor.
Do 100 dollar slots pay out more often than quarter slots?
All slot machines are regulated by the gaming commission. There is very little "wiggle" room for the casinos to play with when it comes to payout. There may be a slight difference between two machines, but on a whole they all pay out the same percentage, just not the same amount.
Can the machines be set to pay out less by the owners?
They certainly can. Though many countries have legislation to control the minimum average payout.
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What kind of payout is available when playing free video slots?
Most of the time there is no payout. This is because there is no money being gambled from the gambler's side. Some sites will allow small payouts on playing accounts to attract gamblers.
Who sets the stops on slot machines?
The stops are usually preset from the factory. On newer, computerized machines, the gaming facility cannot change when jackpots are paid out; it is completely random based on information preset into the machines computer. On the older, manual machines, there were several cylinders that spun around and had notches (or slots) on the outside edge, which correlated to a symbol one of the reals. Some crooked casinos would block the slot for the "7" on one of the reals, which would eliminate the possibility for a jackpot payout.
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100% of the amount of the policy...each of which are purchased for a specific amount, or amount of payout.
