Has anyone recently come across a "$100 or Nothing" machine on the strip? If so, where can I find it? I used to play one at NYNY but couldn't find it the last time I was there. Thanks

Park MGM for sure and I think Bellagio. I also remember it at NYNY across from the now-shuttered Mlife desk. But I have not looked around NYNY greatly in awhile.

I think I would’ve seen it at Bellagio or NYNY by now. I love the idea of it but the $1000 one has killed me. Hit it once but I’m way way down on it.

Semi-related, hope this won’t take things off topic since it’s likely a yes/no question relevant to those interested in this game… are these types of machines lower variance than regular slots since the top prize will take fewer spins on average to hit? Won’t take it the wrong way if this is split into another thread.

With only ONE prize offered, it has to be.... wait... I might get variance confused. But - I would say yes and no. Since the top prize is so low ($100), it has to hit the "jackpot" once every 110-120 spins (on average) depending on what hold is programmed. Yet, it will NOT hit ANYTHING for the rest of those spins.

It does depend on how it's programmed. I'd doubt it's any kind of "must hit" basis. What is the denom, $1? A 10% hold means it would blank 90% of the time on long-term average. Think of a more regular 3-reel machine like low-jackpot Double Diamond. You can get blanked on that 15 times in a row at a 5% hold, and it has 19 or 20 different possible payouts. I could see the Hundred or Nothing machine at $1 easily blanking several hundreds of times in a row, maybe way more. Of course, it could also hit twice in a row. I dunno, it seems very "Vegas Vacation" to me. Not the type of thing you would want to throw any serious money at.

I would think it's higher variance as there is nothing in between...its $100 or nothing. There's only the 2 possible outcomes. And yes it's a $1 denom. The $1000 or Nothing is $10 denom. But of course variance factor is relative in slots, right? What are we comparing this game to?

I feel the $1000 of Nothing odds are worse because psychologically I felt better hitting it. Therefore I chased that feeling more and lost more $. Now I kind of hate it. I’ll miss it when it goes away though. Maybe I’m thinking of it wrong. Doesn’t this mean all the high limit slots have worse odds than the regular slots?

In that context, "odds" can refer to either probability or HA (or both). On slots, either way, the the odds are better in HL if we presume the hold %s are lower because the denoms are higher. The probability of getting paid something on a spin is higher than the same game at a lower denom. Think of it as playing $20 single zero roulette vs $10 double zero. The single zero wheel is a better deal no matter what, but your bankroll has to also be bigger to really take full advantage of it.

When I say "must hit", I am speaking of overall. If it is programmed to hold back 10%, then once every 110 spins it will pay out $100. Again, on average over time. (math is approximate)

If these machines were in a casino with a players club that gave clear theo calculations based on points/dollars earned(Venetian, Wynn)...you could see how these machines are programmed as far as hold %.

As @nostresshere points out, if the payout was perfectly distributed according to the theoretical hold, it would have to take in ~$110 for every $100 payout in order to get its 10%. So 109 of 110 spins would be blanks. The probability applies to each spin. So each time you spin, you basically have a greater than 99% chance of hitting nothing and less than 1% chance of hitting $100. ETA: It was bugging me what the numbers would be if the hold was only 5%. It wasn't instantly intuitive. Cutting the hold % doesn't change the probability in realistic terms much for each spin. The probability of winning on a given spin only moves 0.01% for every 1% change in the hold %. If the hold is 0%, it still has to take in $100 to pay out $100. So 99% of the spins long term would still have to be blanks. If the range of holds is between 0% and 100%, the % of blanks ranges from 99% to 100%.

I saw a PAR sheet for this once. Simplest PAR sheet ever. Lol I think the house edge on that sheet was about 7%, which would lead to a win rate of 1 in 108. That leads to a variance of: (1/108)(99)^2 + (107/108)(-1)^2 = 91.04 This is slightly lower than the variance of Triple Double Bonus video poker, which is 98-100 depending on the paytable. As for @MrGVegas's original question, there also was a Tiesto-themed machine In the "Level Up" area at MGM Grand a few years ago at least.

Very interesting! How would that compare to other slot machines? E.g., Double Diamond, Buffalo, Top Dollar, etc.

Unfortunately, I haven't seen many par sheets to know for sure, and I no longer have access to them. I remember the variance of the very old slot "Double Diamond Deluxe" has a variance of about 41, similar to DDB. The data was in this research article in Table 2. You can download the PDF for free. https://jgi.camh.net/index.php/jgi/article/view/3811