Which is the Best Casino in Vegas to Win on?
There is no lack of great casinos in Las Vegas, but you may ask yourself, what is the best casino in Vegas to win and which casino in Vegas pays out the best? Good questions, for sure, but you have to know whatever casino you go into the house always has the edge. Some of the premier and biggest casinos in Sin City have tons of slots games and while all give the house an edge there are some that have better returns than others.
Typically, slot machines have a payback of between 75% and 98% and broken down it means for every dollar spent on the slots a player can win between 75 cents to 98 cents. As you can see the house has an edge making money on every dollar spent on a slots machine and it does not matter if it is a penny slots or ones that cost more to play, but have much higher payouts. While the house always has, at least a 2% edge, on slots players can and do win big it just depends of Lady Luck is on the side of the player. There are numerous slot machines in Las Vegas where on a single pull of the lever you can line up a winning combination and become an instant millionaire! Pretty enticing to say the least.
It is not common where casinos in Las Vegas will show what the odds are for their slots offerings. However, in looking at the best casino in Vegas to win some of the solid ones will show that their slots have a great 98% payback. You have to be aware that even if this is the case it does not mean every slot machine on the floor has that payback. The casino will usually just have one machine with that figure and they do not let the people know which one that is. Still, if that old Lady Luck is on your side and you come across that machine then you will have found the best casino to win in Las Vegas.
Slots games are fun to play with their great graphics and sounds and they can be more fun if you hit a winning combination and pocket some cash. It is a good idea to play around when it comes to slots, as it not only great fun, but can also be very profitable.
LET’S LOOK AT THE TOP 5 HIGHEST PAYING LAS VEGAS CASINOS
Megabucks Casinos
Elmer Sherwin Won The Megabucks Slot Jackpot Twice ...
Since the average Megabucks jackpot is about $15M and the odds of winning are about 1 in 50M, that puts the odds at right about 1 in 3.3x the amount of the jackpot. On a slot with an average jackpot around $500,000, that would put the odds of hitting it at 1 in 1.66M (3.3 x 0.5M).
When looking for what casino in Vegas pays out the best and not have one that features Megabucks slots? They have a network of slots all around the state of Nevada and they have been in business for over 20 years. Their slogan is “Dream big. Win big.” They begin their top jackpot at a whopping $10 million and it only increases from there. The minimum spin for the main jackpot is $1, but to win the maximum jackpot you will have to wager $3 per spin. In 2015 on a Megabucks slots machine at Westgate Casino one of the biggest slot jackpots in the history of Sin City was won by 78-year old Trinidad Torres from Utah. She put a cool $100 in the machine and made a few plays for $3 each before she hit the big jackpot of $10.7 million. When asked how she would spend her winnings she stated she would buy a yellow Mustang and take a trip to the Philippines. Needless to say, she probably had a little loot left over.
Aria Resort and Casino
Once again, a Megabucks slot machine hits big and this time it was at the Aria Resort and Casino, which has over 150,000 square feet of gaming space and nearly 2,000 slot machines. In 2011 a woman was in Las Vegas to celebrate the birthday of her niece when she decided, by chance, to plunk down $6 on a slots game and when it went crazy she through the machine was malfunctioning. Turns out, it was not, as she hit the jackpot for $12.8 million. Not long after another player hit a $10 million jackpot, so you can see Aria Resort and Casino has seen their fair share of HUGE winners.
Palace Inn and Casino
The Palace Inn Casino is the place where jackpots have hit often and one of the biggest hits came in 1998. A 67-year old retired flight attendant from Sin City plunked $300 into a Megabucks slot machine and she won just over a cool $27.5 million. Not only was luck on her side, but also at Palace Station she had won earlier won nearly $700,000 playing the Wheel of Fortune slots offering. Her big win was the first Megabucks fir payout of over $20 million.
Excalibur
This very popular medieval themed casino has been a go-to spot in Las Vegas for many years and why not since the casino holds the claim of the biggest slots jackpot ever won. In 2003 a software engineer from Los Angeles with the ripe old age of 25 played a Megabucks slots and he played big at $100 a spin. Well, his spin for the big bucks paid off in bigger bucks netting a jackpot of just under $40 million.
Caesars Palace
Caesars Palace is one of the most popular and well-known casinos on the Las Vegas strip and in 1999 a 49-year old business consultant was there and decided to try his luck on the slots and began playing a game for $10 a pop. Not long after the bells and whistles started to go off and he had hit the main jackpot netting just south of $21.4 million. The machine? You guessed It was a Megabucks slots offering.
A few of the top jackpots every won in Las Vegas have been on Megabucks slots offerings. So, maybe looking for those games are key when you are looking for the best casino in Vegas to win. Still, every casino has had their slots jackpots hit by some lucky player at some time and that time can be anytime, which means your time for big money may be up soon if you know the slots and casinos to check out for the biggest possible payouts.
Remember the movie National Lampoon’s Vegas Vacation, when gambling fever consumes Chevy Chase’s character, Clark W. Griswold? He goes on a losing streak to beat all losing streaks while his son, Rusty, wins four cars by playing the slot machines. Maybe Clark would have done better if he had read Probability For Dummies! In this article, you discover the basic ideas behind slot machines and how they work, so that you can get past the myths and develop a strategy based on sound probability.
Understanding average payout
When casinos advertise that their slot machines pay out an average of 90 percent, the fine print they don’t want you to read says that you lose 10 cents from each dollar you put into the machines in the long term. (In probability terms, this advertisement means that your expected winnings are minus 10 cents on every dollar you spend every time the money goes through the machines.)
Suppose you start with $100 and bet a dollar at a time, for example. After inserting all $100 into the slot, 100 pulls later you’ll end up on average with $90, because you lose 10 percent of your money. If you run the $90 back through the machine, you’ll end up with 90 percent of it back, which is 0.90 x 90 = $81. If you run that amount through in 81 pulls, you’ll have $72.90 afterward (0.90 x 81 = 72.90). If you keep going for 44 rounds, on average, the money will be gone, unless you have the luck of Rusty Griswold!
Probability Of Winning Slot Machines
The Palazzo At The Venetian
How many pulls on the machine does your $100 give you at this rate? Each time you have less money to run through the machine, so you have fewer pulls left. If you insert $1 at a time, you can expect 972 total pulls in the long term with these average payouts (that’s the total pulls in 44 rounds). But keep in mind that casinos are designing slot machines to go faster and faster between spins. Some are even doing away with the handles and tokens by using digital readouts on gaming cards that you put into the machines. The faster machines can play up to 25 spins per hour, and 972 spins divided by 25 spins per minute is 38.88 minutes. You don’t have a very long time to enjoy your $100 before it’s gone!
The worst part? Casinos often advertise that their “average payouts” are even as high as 95 percent. But beware: That number applies only to certain machines, and the casinos don’t rush to tell you which ones. You really need to read or ask about the fine print before playing. You can also try to check the information on the machine to see if it lists its payouts. (Don’t expect this information to be front and center.)
Implementing a simple strategy for slots
Advice varies regarding whether you should play nickel, quarter, or dollar slot machines and whether you should max out the number of coins you bet or not (you usually get to choose between one and five coins to bet on a standard slot machine). In this section, you’ll find a few tips for getting the most bang for your buck (or nickel) when playing slot machines.
Basically, when it comes to slot machines, strategy boils down to this: Know the rules, your probability of winning, and the expected payouts; dispel any myths; and quit while you’re ahead. If you win $100, cash out $50 and play with the rest, for example. After you lose a certain amount (determined by you in advance), don’t hesitate to quit. Go to the all-you-can-eat buffet and try your luck with the casino food; odds are it’s pretty good!
Choosing among nickel, quarter, and dollar machines
The machines that have the higher denominations usually give the best payouts. So, between the nickel and quarter slots, for example, the quarter slots generally give better payouts. However, you run the risk of getting in way over your head in a hurry, so don’t bet more than you can afford to lose. The bottom line: Always choose a level that you have fun playing at and that allows you to play for your full set time limit.
Winning Jackpot Of $39.7 Million On Megabucks Slot Machine
Deciding how many coins to play at a time
When deciding on the number of coins you should play per spin, keep in mind that more is sometimes better. If the slot machine gives you more than two times the payout when you put in two times the number of coins, for example, you should max it out instead of playing single coins because you increase your chances of winning a bigger pot, and the expected value is higher. If the machine just gives you k times the payout for k coins, it doesn’t matter if you use the maximum number of coins. You may as well play one at a time until you can make some money and leave so your money lasts a little longer.
For example, say a quarter machine pays 10 credits for the outcome 777 when you play only a single quarter, but if you play two quarters, it gives you 25 credits for the same outcome. And if you play the maximum number of quarters (say, four), a 777 results in 1,000 credits. You can see that playing four quarters at a time gives you a better chance of winning a bigger pot in the long run (if you win, that is) compared to playing a single quarter at a time for four consecutive tries.
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The latest slot machine sweeping the nation is the so-called “penny slot machine.” Although it professes to require only a penny for a spin, you get this rate only if you want to bet one penny at a time. The machines entice you to bet way more than one penny at a time; in fact, on some machines, you can bet more than 1,000 coins (called lines) on each spin — $10 a shot here, folks. Because these machines take any denomination of paper bill, as well as credit cards, your money can go faster on penny machines than on dollar machines because you can quickly lose track of your spendings. Pinching pennies may not be worth it after all!