Loose Slot Machines Definition

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Casinos across Nevada are required to report revenue figures to the Nevada Gaming Control Board to include what percentage of wagers they held as profit on slot games. A nerdy annual tradition of ours is to dig into that real world data from the previous year to help our readers find the loosest slots in Las Vegas.

Unfortunately, the data we have access to isn’t granular enough to tell us how loose or tight slots were at individual casinos. Rather, the reporting will highlight groups of casinos based on where they are located (ie The Strip, Downtown, Boulder, etc). We’ll make sure to point out what casinos reside in zones identified as having looser slots.

As a matter of housekeeping, casino slot “win percentage” is defined as the percentage of the total amountwagered by the player that the casino held as profit. For instance, a 10% casino win percentage means the casino, on average, kept 10 cents of every dollar wagered on slot machines.

Example: A player put $20 into a slot machine and made her money last for a while playing a total of $200 in spins before losing it all. The total amount wagered by the player was $200 and the casino won, or held, $20 resulting in a 10% casino win percentage.

Now that we cleared that up, lets dig into where you can find slots that are more apt to pay out around Las Vegas.

Where you play matters. The graph below details casino slot win percentages by area, which lumps together all slot denominations. You can quickly surmise that casinos in tourist centers hold a larger percentage of slot play as profit.

Slot

Most of the slot machines have between 80 and 90 percent return to player rate, which means that if you wager 100 dollars, you will get between 80 and 90 dollars back. Now we come to the loose machines. It is said that there are machines that have a much higher RTP rate that goes up to 98 percent. This means that if you bet 100 dollars, you. Loose slots are considered the slot machines that pay out more frequently than other slot machines. Loose slots are always the slot machines most popular with the players and are the most sought after. Of course any player will seek out and play a game that frequently rewards them.

As evidenced above, the best places around Las Vegas to play slots are the Boulder Area (5.78% casino win percentage), North Las Vegas (6.71% win percentage) and Downtown (7.78% casino win percentage). The Strip featured the tightest slots by a wide margin at a win percentage of 8.16%.

Unfortunately, slots tightened up versus last year on both the Strip (8.12% in 2018 vs. 8.16% in 2019) and on Fremont Street (7.64% in 2018 vs. 7.78% in 2019) by a slight margin.

Since penny slots are the most popular denomination with players, we also broke down where the loosest penny slot machines can be found.

Clearly, there is again a correlation between an area being “touristy” and higher slot hold rates. Downtown and Strip penny slots come in with casino win percentages of 10.94% and 11.59% respectively.

Similar to the data that looked at all slot denominations, penny slots more apt to pay out can be found in the Boulder (9.36% win rate) and North Las Vegas (9.28% win rate) areas.

Although most players aren’t able to tell the difference between a “tight” or a “loose” slot, get away from the Strip if you want to give yourself a slightly better chance of winning.

Casinos that fall into the looser Boulder and North Las Vegas reporting zones are broken down below. Not the most scenic areas, but if winning is more important to you than bright lights, fountains, and celebrity chef restaurants then order up an Uber and make the trip.

Loose Slot Machines Definition Economics

Casinos in the Boulder Area: Sam’s Town, Eastside Cannery, Arizona Charlie’s, Boulder Station, Sunset Station, M Resort, Fiesta Henderson and Green Valley Ranch.

Casinos in the North Las Vegas Area: Jerry’s Nugget, Silver Nugget, The Cannery, Fiesta Hotel and Casino, Texas Station, Cannery and Aliante.

Keep in mind that video poker also figures into these slot statistics. Lower casino win percentages away from the Strip are in part, but not completely, due to better video poker pay tables offered by establishments away from tourist centers.

Loose slot machines definition economics

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Loose

Slot denominations also play a role in finding lose machines which is demonstrated by the statewide data below. In 2019, Megabucks was the tightest variety of slot in Nevada (12.78% win percentage), followed closely by penny slots (9.93% win percentage).

Loosest Slot Machines

Taking a look at the graph above, there is a clear correlation between denomination and how loose their corresponding slot machines are. Generally speaking, the higher the denomination, the looser the slot.

If you’re a penny slot player that plays 75 cents per spin or more, you would likely give your self a better chance of winning by playing the same bet on a higher denomination machine.

While looking at the numbers is a fun exercise, ultimately, the random number generator could select you as the next big winner anywhere. Good luck, and hopefully our break down of 2019 slot data will help you on your quest in finding the best paying slots in Vegas!

Loose Slot Machines Definition Dictionary

Related:Staying on Fremont Street vs. the Strip – How does it compare?