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Las Vegas Casino Odds — What to Play and What to Avoid?
Las Vegas Casino Odds — What to Play and What to Avoid?
As you can see, the machines in downtown Las Vegas pay out more than those located on the Las Vegas Strip. NEVADA - Laughlin. Below is information supplied by Nevada's State Gaming Control Board, it shows the slot machine payback percentages for all of Laughlin's casinos for the fiscal year beginning July 1, 2019 and ending June 30, 2020. It's a fact that Las Vegas Slots differ in their payouts. Generally the odds of wining any prize on Las Vegas Slot Machines are approximately 1 in 5. However the odds to wining a top prize on a red, white and blue slot machine, for example, are only 1 in 373,248. Gamblers - whether you are a 1st timer or seasoned gambling veteran, knowing what your odds of winning per each game in a casino is vitally important. Please enjoy the information below and best of Luck in the casino. Based on typical Las Vegas Casino rules, please note variations will occur. The wife and I are taking a trip to Vegas in the next few weeks, and have considered a side trip to Laughlin as part of the trip. It has been a long time since we've played there, but I remember that at one time, Laughlin was pretty decent with slot payouts.
If you want to go to the Entertainment Capital of the World, you should definitely check the best and the worst Las Vegas casino odds first. The thing about odds is that they are not actually connected to casinos, but rather individual games.
In other words, you won't find the best odds in Vegas by playing in a specific casino, but by playing specific games. However, before we proceed to talk about those games, let's dwell on the notion of 'odds' for a bit.
How Are Odds Determined?
Odds are a term that we usually use in sports betting. In the casino industry, we talk about the 'house edge.' Therefore, speaking of Las Vegas casino odds means exploring which games have the lowest house edge in general.
But what exactly is the house edge? Simply put, it's the amount of money that casino earns from players playing a game. Games with the best odds in Vegas usually have the lowest house edge.
For example, if the house edge of a casino game is set to 5%, the casino should win overall $5 for every $100 that players bet in it. The remaining $95 return to players via prizes in those games. Therefore, it's only logical that we seek those games that have the smallest house edge.
Without further ado, let's take a look at the games that offer the best odds in Vegas.
Blackjack — 1% House Edge
Blackjack is probably the only game that has the lowest house edge of all, according to the majority of experienced casino players. Although it is essentially a game of chance, many players are able to insert the element of skill in it. How so?
If you play blackjack with just basic knowledge, the house edge can be quite high. However, this card game is so popular that blackjack professionals came up with a unique strategy that helps players alway play the best possible hand. That way, the house edge is lowered to as little as 1%.
In other words, if you manage to stick to the strategy, you will be able to get some of the best Las Vegas casino odds in this game.
One cannot speak of blackjack without mentioning the infamous card counting. This technique could lower the house edge even more. However, it's something that is not really allowed in casinos. Although it is technically legal to count cards, casinos reserve the right to ask you to leave if they think you're applying this strategy to blackjack.
Craps – 1.4% House Edge
Although much more complicated than blackjack, craps is very similar to it when it comes to the house edge. Since there are so many bets in this game, you need to be very specific if you want to make craps have one of the best odds in Vegas. Just like blackjack, you need to adhere to a specific play strategy so as to get the most out of this game.
European Roulette – 2.8% House Edge
Roulette is definitely one of the most popular games in casinos all over the world. There's something special about that wheel that makes many players fall in love with this game. Las Vegas casino odds for roulette may differ depending on the type you choose to play.
At the moment, the two most popular variants of roulette are European and American. The only major difference between the two is that American roulette has two zero fields on the wheel, whereas the European variation has only one.
It turns out that zeros make all the difference in roulette. Once you start making 50/50 bets such as red/black, 1-18/19-36, odd/even and more, you will realize that the chances of winning are not 50%. Simply put, if the ball lands on 0, you lose either way. But when there are two zeroes, the possibility to lose even bets is even higher. The zero field is the house edge.
If you follow roulette betting strategies and manage your bankroll properly, you will be able to achieve a house edge of 2.8% in European roulette. The lowest possible edge in American variants is 5.2%.
Therefore, players who want to go for the best Las Vegas casino odds shouldn't take European roulette out of the equation.
Let's take a look at the games with the worst odds.
What Las Vegas Casino Odds Are the Worst?
Blackjack, roulette, and craps have the best odds in Las Vegas. This list should also include games such as baccarat and Pai Gow poker, as they can also be very rewarding if your luck is backed by sufficient skill.
However, some games don't have a house edge that is as low as in blackjack.
Slot Machines
Slots are the most diverse type of game in Las Vegas, meaning they can offer a wide variety of odds to players. Some are more rewarding than others, as their house edge starts at 3% and goes up to 20%. Needless to say, when choosing the best possible slot, it's best that you go for ones that have a lower house edge.
Keno
Keno is a super-entertaining game, but it definitely doesn't have the best odds in Vegas. On the contrary, many consider keno to be the worst in terms of the house edge, as it varies from 20% to 40%. Therefore, unless you really like keno, you should be careful when playing this casino game.
Conclusion: Fun Comes First
Las Vegas casino odds are not as important as entertainment. After all, if you're not lucky, the odds cannot help you that much, even if you apply the best possible strategy.
Most of the games in Sin City are games of chance. That fact alone plays a huge role in the industry and brings casinos in Vegas millions of dollars in annual revenue. Unless you cheat, it's impossible to gain the edge over casinos. Therefore, it's important that you have fun, test your luck, and know when to stop. Once these three are taken into account, you are ready for your Vegas journey!
06 Feb 2020 | Adam Shaw | 1 Comments
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Casinos in Las Vegas are required to report their gaming win to include slot hold percentage (amount they win from players) to the Nevada Gaming Control Board. With 2018 behind us, the Board recently reported their gaming win statistics for the past year which we will break down below. This data should assist us in identifying where we can find the loosest slots in Las Vegas!
We will be looking at all 'non-restricted' locations (essentially the big casinos) and their data from the past year (Jan 1, 2018 – Dec 31, 2018).
The reporting we're looking at doesn't drill down to the individual casino level, rather, groupings of casinos by geography. We'll help you identify the casinos in each reporting zone that have machines featuring a lower casino win percentage (or hold) so you can play where your money will last.
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As a matter of housekeeping, casino slot 'win percentage' is defined as the % of the total amountwagered by the player that the casino held as profit. For instance, a 7% casino win percentage means the casino, on average, kept 7 cents of every dollar bet on slot machines.
Example: A player put $10 into a slot machine and made his money last for a bit playing a total of $100 in spins before losing it all. The total amount wagered by the player was $100 and the casino won, or held, $10 resulting in a 10% casino win rate.
Now we get down to brass tacks. Where will we find the loosest slots in and around Vegas in 2019? Slot machines in the North Las Vegas and the Boulder reporting areas tended to be looser than those on the Strip and on Fremont with a 6.58% and 5.81% casino win percentage respectively.
If chasing slots that pay out is more important than being in Vegas, the slots in Reno offered a player friendly casino win rate of only 5.45% in 2018.
Since the area immediately surrounding Las Vegas is divvied up in to separate reporting areas, it can be difficult to know which casinos fall into which.
Casinos in the looser Boulder reporting area include: Sam's Town, Eastside Cannery, Arizona Charlie's, Boulder Station, Sunset Station, M Resort, Fiesta Henderson and Green Valley Ranch.
Casinos in the looser North Las Vegas include: Jerry's Nugget, Silver Nugget, The Cannery, Fiesta Hotel and Casino, Texas Station, Cannery and Aliante.
It's clear from the chart above that the more popular an area is with tourists, the tighter the slots get. Slots on the Las Vegas Strip had a win percentage of 8.12% and Downtown Las Vegas was only slightly better at 7.64%.
It's also interesting that slots on the Strip and Downtown have gotten continuously tighter over time – 2018 was no exception. Slots on the Strip held 8.12% of money in 2018 vs. 8.04% in 2017. In the year 2000, slots on the Las Vegas Strip held only 6.02%. We're going the wrong direction!
The same tightening trend is apparent Downtown as slots held 7.64% in 2018 vs 7.34% in 2017. Looking back to the year 2000, slots Downtown held only 5.33%.
Vegas casino slots online. Was there a specific denomination of slot that rewarded players more regularly in 2018? It won't likely surprise you that higher denominations are looser than smaller.
Megabucks were by far the tightest slots in Vegas at an astounding 13.12% casino win percentage. Betus free play. Find free slots to play. Penny slots, the most popular denomination with gamblers, were not overly generous at a 10% casino win rate.
Las Vegas Best Payout Casinos
One mistake I see many gamblers make is playing $1, $2, $3, or more per pull on a penny slot. If you are wagering that much per pull anyway, play a larger denomination to improve your chances of winning.
We hope this helps you find slots that pay out in and around Las Vegas! Just remember, it's better to get off the beaten path and play larger denominations when it makes sense.
Las Vegas Slot Machine Odds
See Also:Yes, you can buy the exact same fragrances Las Vegas casinos use for home use!
