House edge of slots? | Bitcointalksearch.org

adaseb

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Quote from: SyGambler on February 13, 2016, 05:58:22 PM

slots have the highest house edge , it's the bread and butter for all the casinos
usually it varies for each game even in the same casino , but at the end slots still the most profitable game for the casinos
playing dice or blackjack is better option , but at the end it's all about having fun
most of the sites will not tell about the house edge , but there are plenty of sites that give info about their edge in slots

Slots usually have the highest house edge but in real casinos. Usually online the websites try to make them more down to earth and fair but its probably higher then straight dice.

SirChiko

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Quote from: john2231 on February 11, 2016, 12:26:27 PM

I think slots has 10% house edge or more because i always play slots but i never win or got a profit.
But i saw some slots before but there's no money involve i think 5% of house edge for every slots.. i don't remember it and i experience to play it because is just a apps in android trending in facebook.

This isn't true, house edge is preset different by every gambling site and your statement of 10% is bullshit, it's way lower cuz of the current competition.

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Quote from: futurebit640 on February 13, 2016, 09:18:35 PM

Quote from: Xsinx on February 11, 2016, 11:45:49 AM

Dice has better chance of winning than slots, i have played many slots and i feel that house edge is 99% always win

Actually in both cased mostly house will win if we play more in those games but what you said is also correct because as per me also slots are very difficult to win. Mostly these luck based games we should play only for fun time instead to make money from those games.

That is true. All these luck based games are same because the end results will be mostly same but if your lucky and smart to withdraw your winnings at right time. So for I never withdraw any coins from these dice or slot games so I just play these games for entertainment sometimes when I got bored.

futurebit640

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Quote from: Xsinx on February 11, 2016, 11:45:49 AM

Dice has better chance of winning than slots, i have played many slots and i feel that house edge is 99% always win

Actually in both cased mostly house will win if we play more in those games but what you said is also correct because as per me also slots are very difficult to win. Mostly these luck based games we should play only for fun time instead to make money from those games.

SyGambler

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guess who's back

slots have the highest house edge , it's the bread and butter for all the casinos
usually it varies for each game even in the same casino , but at the end slots still the most profitable game for the casinos
playing dice or blackjack is better option , but at the end it's all about having fun
most of the sites will not tell about the house edge , but there are plenty of sites that give info about their edge in slots

mtnsaa

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It depends on each site I guess. I've always wondered this about the RL casino slots. The general idea is that they pay you depending on how much and how long you've wagered, that is at least what old women do hehe. In online casinos I guess if they are provably fair then you can check how much is the edge on each game or whole site.

zeaderza

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Slots game have the biggest house edge.You can play dice with a low house edge,roullete or sports bets.
But is better not gamble.

treeguard

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slots usually have a pretty big house edge as far as i know, thats why i dont manage to win anything big in it

DirectDice

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john2231

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I think slots has 10% house edge or more because i always play slots but i never win or got a profit.
But i saw some slots before but there's no money involve i think 5% of house edge for every slots.. i don't remember it and i experience to play it because is just a apps in android trending in facebook.

Xsinx

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Dice has better chance of winning than slots, i have played many slots and i feel that house edge is 99% always win

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eli113

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void

the nature of slot machine games is way diferent than games like dice and such
house edge has direct impact on payout when you play dice , you get always -HE% on your winnings

but in slots you cant choose your payout X so the most important factor is
the payout table , house edge is secondary concern

lets say a slot game has a rare combo to pay 1 / 100000 spins
if that combo pays lets say 20000x then for all casual users the average house edge
they face every day is 20000/100000 = 20% plus the usual house edge

take a good look at payout tables of slot games you want to play at first
if you see such rare combos paying very big payout x then you will know
for sure just one thing : unless you actually hit that rare combo you are about
to feeding that slot for very very long time.

a well balanced payout table paying from even money up to 1000-2000x and
a house edge up to 2% it is better than a 0% edge and a bad payout table

shanem

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The house edge of slots is very high based on real-life casinos. I believe that online casinos are no different. If the house edge of slots is low, a casino would have made announcement to everybody.

Mickeyb

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Move On !!!!!!

Although house edge guarantees that you will lose in the long term, because you more or less have no control over what payout you want in slots, they can essentially fuck you up in the short term by having very high payouts for a select interval, while having very low payout for others.

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Quote from: maku on February 11, 2016, 09:32:53 AM

Interesting facts about slots machines: in real live casinos slots are primary money making game for the house.
No other casino game brings more money to the house. Normally House Edge of Slots are in the range of 2%-15%

They're still subjective in regards two every website.I can link you to good slots which have house edges as low as 1% and some of the best online casinos have house edges to the maximum of 4%.15% is way too much I feel,haven't really see any websites lately offering that high edges in this competitive market.

maku

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Interesting facts about slots machines: in real live casinos slots are primary money making game for the house.
No other casino game brings more money to the house. Normally House Edge of Slots are in the range of 2%-15%

jacee

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Quote from: pereira4 on February 11, 2016, 08:23:58 AM

It depends on the site. Bitcoinvideocasino is my favorite slot site because you can select how many lines to play, up to 20, and you can make a lot of money with the progressive wins and bonuses if you get lucky, and I also like it graphics wise. For me the 3 slot machines are boring, I need 5.

Faik all slots I have played has an option to configure the number. That's the best feature of slots for me. Cheesy

Btw, do you know any slots game that has a lower min. bet? I play at bitstarz and the min. bet is 1mbtc per bet. They used to have a 0.5 mBtc min. bet the last time I played.

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Quote from: jacee on February 10, 2016, 07:52:04 PM

Hey guys, I was wondering how does gambling in slots works? I have played last night and unfortunately got lost 0.1 BTC because I got greedy wanting to get more profit. (I really can't still move on from this loss. Sad

) LOL.

I mean, is slots games also provably game? Does it have a house edge or something? When it comes to provability of winning, is it jut like a dice game or worst?

Real casinos usually have around 3-4% edge on slot games. It varies and is for example higher in high end casinos and lower in places where Las Vegas locals play.

Slots generally display paylines and payouts, but people that made their own slots and post on this forum may not display this properly. It's complicated to calculate actual payout so it's usually done by running a few billion simulation spins.

btw, I think you mean probability when you say provability

pereira4

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It depends on the site. Bitcoinvideocasino is my favorite slot site because you can select how many lines to play, up to 20, and you can make a lot of money with the progressive wins and bonuses if you get lucky, and I also like it graphics wise. For me the 3 slot machines are boring, I need 5.

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