House edge of slots? | Bitcointalksearch.org

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: SyGambler on February 13, 2016, 04:58:22 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

legendary

Activity: 966

Merit: 1000

Quote from: john2231 on February 11, 2016, 11:26:27 AM

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.

fullypak

legendary

Activity: 1456

Merit: 1005

Quote from: futurebit640 on February 13, 2016, 08:18:35 PM

Quote from: Xsinx on February 11, 2016, 10:45:49 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

hero member

Activity: 910

Merit: 1000

Quote from: Xsinx on February 11, 2016, 10:45:49 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

legendary

Activity: 2436

Merit: 1804

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

legendary

Activity: 1568

Merit: 1000

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

hero member

Activity: 896

Merit: 502

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

full member

Activity: 133

Merit: 100

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

legendary

Activity: 1008

Merit: 1000

Tipsters Championship www.DirectBet.eu/Competition

The house edge of slots at DirectBet Casino & Playing Wallet is around 3%.

DirectBet Casino offers the best promotions through which you get most of the house edge back :

300 % First Deposit Bonus (Up to 10 BTC) !
30,000 DOGE No Deposit Bonus.
VIP Rewards through our Most Lucrative VIP Rewards Program.
Daily February Happy Hours Promotions in our Bitcointalk Casino Thread !

Please feel free to contact us if you have any questions or if you need anything.

All the Best,

Michelle

https://Casino.DirectBet.eu

john2231

hero member

Activity: 924

Merit: 1001

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

sr. member

Activity: 1036

Merit: 253

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

DogecoinMachine

legendary

Activity: 2901

Merit: 1135

www.Crypto.Games: Multiple Games, Multiple Coins

https://www.crypto-games.net has a competitive house edge of 1.97% with max win of 5 BTC, 5 mio Doge, 500 LTC,...

eli113

sr. member

Activity: 358

Merit: 254

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

legendary

Activity: 1344

Merit: 1000

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

hero member

Activity: 798

Merit: 1000

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.

Patatas

legendary

Activity: 1750

Merit: 1115

Providing AI/ChatGpt Services - PM!

Quote from: maku on February 11, 2016, 08:32:53 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

legendary

Activity: 1288

Merit: 1000

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

legendary

Activity: 1302

Merit: 1025

Quote from: pereira4 on February 11, 2016, 07:23:58 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.

SDice_CTO

full member

Activity: 129

Merit: 100

Satoshi Dice Support

Quote from: jacee on February 10, 2016, 06:52:04 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

legendary

Activity: 1610

Merit: 1183

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.

jacee

legendary

Activity: 1302

Merit: 1025

Yea well, what I understand with your posts is that slota has a higher house edge than any other gambling game. I just fancy playing slots because I like the graphics specially those video slots. My favorite is Jekyle and Hyde. Cheesy

Chemistry1988

legendary

Activity: 1120

Merit: 1000

Quote from: Erza on February 11, 2016, 05:23:29 AM

But for dice game house edge only affected in a long run and when you are using some strategy. If you are just manual bet I dont think that house edge really affect you.

This is simply not true. Even if you just make only one bet, a 1% house edge would bring your winning chance 1% lower. For example for x2 bet, it becomes 49.5% rather than 50%, making your expected return to be always only 99% of your wagered.

Erza

legendary

Activity: 1078

Merit: 1000

Quote from: Superhitech on February 11, 2016, 01:16:43 AM

Quote from: jacee on February 10, 2016, 06:52:04 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?

I'd say play dice instead of slots, as dice has a much lower house edge than slots.

The only advantage I can think of when playing slots is that you can get some visuals; in dice you can only see numbers while slots is more entertaining with it's exciting visuals.

But for dice game house edge only affected in a long run and when you are using some strategy. If you are just manual bet I dont think that house edge really affect you. But for slot you can suddenly hit a jackpot with just one roll too, although you played with house edge although it is high I am sure you can get a good profit too

bitbaby

hero member

Activity: 812

Merit: 1000

Most of the fancy slots are not provably fair, maybe its because they have lot of elements/small-games which are part of it and the house edge should be mentioned at the site you're playing at.

NorrisK

legendary

Activity: 1946

Merit: 1007

Quote from: Superhitech on February 11, 2016, 01:16:43 AM

Quote from: jacee on February 10, 2016, 06:52:04 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?

I'd say play dice instead of slots, as dice has a much lower house edge than slots.

The only advantage I can think of when playing slots is that you can get some visuals; in dice you can only see numbers while slots is more entertaining with it's exciting visuals.

The gambling sites could easily include some visuals of rolling a dice, but this would greatly reduce the speed of the rolls and thus the profit of the dice site.

The same way slots can be made non visual with only numbers, but because we are so used to it, nobody would like to see something like that.

Superhitech

legendary

Activity: 1064

Merit: 1000

Quote from: jacee on February 10, 2016, 06:52:04 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?

I'd say play dice instead of slots, as dice has a much lower house edge than slots.

The only advantage I can think of when playing slots is that you can get some visuals; in dice you can only see numbers while slots is more entertaining with it's exciting visuals.

unholycactus

legendary

Activity: 1078

Merit: 1024

Quote from: jacee on February 10, 2016, 06:52:04 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?

The way I've seen it programmed is like this: machines have a return rate.
For example, if everyone puts 1BTC, the machine will keep 30% of that and return 70% to the players.
A game like blackjack have a return rate of about 99-99.5% depending on the rules and assuming the player plays perfectly.

What most people have a hard time understanding is that many players can put everything they have (lose 100%). This happens often since most people can't manage their bankroll properly (although there's no profitable way to do it statistically).
Followed by a single one who plays and win many times his investment (anywhere from 1 to 1000x or even more).

Araudan

sr. member

Activity: 332

Merit: 250

The house edge of slots is the biggest for a casino

BigMac

legendary

Activity: 896

Merit: 1000

Quote from: jacee on February 10, 2016, 06:52:04 PM

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?

There are some provably fair slots, such as the one on satoshidice, coinroyale and crypto-games.net, but there are also a lot of non provably fair slots out there. I am not interested in slots very much and so I have not much idea about its house edge.

Patatas

legendary

Activity: 1750

Merit: 1115

Providing AI/ChatGpt Services - PM!

The house edge varies with every website.Most of the website do mention the house edge of the slots,infact for any games.To my information house edges ranges from 1% to 4% for the slots which I have played.Don't think it gets lower than that.There a nice article you might wish you read on reddit about house edges in gambling https://www.reddit.com/r/BitcoinGambling/comments/36z3wi/which_is_the_lowest_house_edge_fair_bitcoin_casino/

jacee

legendary

Activity: 1302

Merit: 1025

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?

Topic: House edge of slots? (Read 1248 times)