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Slots 12 Percent hold 1cent Machines

Discussion in 'Slots' started by Vegasbaby99, Feb 7, 2020.

  1. Vegasbaby99

    Vegasbaby99 Tourist

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    On the Nevada gaming commissions website it has a link to the gaming revenue report which breaks down the payout percentages by county.

    Clark County Strip area has almost a 12 percent hold for penny slots.

    Even downtown it’s over 10 percent.

    Maybe time to find another destination. Perhaps Reno. Reno has a 7 percent hold. Which means slots there are almost 50 percent looser.
     
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  2. The Rumor

    The Rumor VIP Whale

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    Average slot hold is high. It will be better if you go off strip. Locals casinos give better play. Laughlin/Reno generally give better play than LV Strip. Also, play 50 cents as two quarters or 10 nickels, not as 50 pennies.

    But this is an area where the Strip really isn't bad compared to the rest of the country. Slot holds are generally high across the US as gaming taxes on wins are higher.
     
  3. Vegasbaby99

    Vegasbaby99 Tourist

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    Laughlin has just as bad of a hold as the strip. Local casinos are holding 11 percent. Better off not gambling in Vegas at all really. Unless having fun is worth losing thousands of dollars.

    Or... move up to $1 denom
     
  4. Funkyboer

    Funkyboer Tourist

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    I might be reading the report wrong, but it looks like on 1cent denom only, 12 months Jan - Dec 2019 period. The strip casinos are at 11.59% and downtown LV is at 10.99%, Very surprised to see that it's only 0.60% difference. With overall slots denoms being even closer for same period.
     
  5. sinnerman

    sinnerman High-Roller

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    I wonder what the same differential is (between Vegas Strip, Downtown, and non vegas casinos) or dollar slots.
     
  6. Vegasbaby99

    Vegasbaby99 Tourist

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    Ya downtown is really no different. I’ve read El Cortez has decent returns but overall it’s just as bad as the strip.
     
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  7. tringlomane

    tringlomane STP Addicted Beer Snob

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    You'd have to go to Reno though...
     
  8. DsqrdDGD909

    DsqrdDGD909 Tourist

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  9. The Rumor

    The Rumor VIP Whale

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    it's not comparable. At tables it is a measure of drop (aka cash in) vs. net cash that left the table because that's all they track. Slots reflect the net hold on each individual dollar bet. To take this in another direction:

    - If someone puts $100 in a slot machine, makes $500 of bets in total across their spins, and loses $60, it's going to show as a net hold of 12% ($60 lost from $500 in bets)
    - If someone puts $100 on a blackjack table, makes $500 of bets, and loses $60, it is going to show as a net hold of 60% - $40 left the table and $100 went in the drop.

    The blackjack stats make this obvious - even Vegas games with wretched rules probably aren't holding even 5% for the house per $1 that is bet.
     
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  10. DsqrdDGD909

    DsqrdDGD909 Tourist

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    Thanks. It didn’t make any sense when I looked at it. Thanks for the explanation.
     
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  11. tringlomane

    tringlomane STP Addicted Beer Snob

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    Yeah, it's been a question asked multiple times on multiple forums. It's definitely not obvious. If slots measured "hold" or "win percentage" like table games do (money won/total buy-ins), slots would be pushing 30% hold for "money won by machine"/"money inserted".
     
  12. dukeofdarby

    dukeofdarby Low-Roller

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    it is my understanding that video-poker is include in the total of "slots"
    if so, the actual slot returns may be the same all over with the better video-poker venues upping the %