how do you know if slot machines are “loose”?
All modern slot machines rely on the RNG (Random number generator) for determining wins and losses. There is no consistent and reliable way to determine if a machine is “loose” or ready to payout.
Slot Machines have the worst gaming odds in the casino, Guaranteeing the house a profit. This is born out by the sheer number of slots in any casino (usually in ads teasing you to come and win). When casinos advertise Loose slots with 90% returns, it just means that the house is making 10% over time. (This is in accordance with State gambling board rules and over millions of wagers).
In addition, “slot Psychology” is now a part of the experience, where you might have a $3 wager return a $2.40 “Win” — When you actually have lost 20% of your wager. This is to keep you at the machine because your mind is tricked into thinking you are “winning” but the machine will take all your money over time.
If you are going to play the slots, become a “session gambler” to structure your wagering and help prevent your emotions from pouring your whole gambling budget into a machine you “think” will pay out.
I explain session gambling in this blog: The Chenkin Report. I hope you find it enlightening! Thanks for the A2A!
Gambling at Casinos is fun but losing money is not — don’t bet more than you plan to lose, and try to enjoy the game! Jackpots are not common, so adjust your mindset for enjoyment — not a big (and elusive) payday! Anytime you leave the casino with money is a win! (Even if you lost a few bucks in the process). Best of Luck!