Myth #4: The online casino loosen and tighten the machines at will.
Fact: While the casinos DO keep an eye on who wins/loses, they do NOT “tweak” the machines as doing so would be against government gambling regulations. The procedure of changing the payback percentage is long and a lot of paperwork is involved to avoid criminal charges.
Myth #5: The higher coin denomination the higher the payout.
Fact: The percentage payout does not vary all that much on higher end machines although it is true that nickel machines pay back less than quarter and dollar machines do. A recent survey showed nickel machines paying from a low of 85.2% to a high of 92.8% Quarter machines from a low of 91.1% to a high of 95.2% in downtown Las Vegas. Fifty cent 2/8/2009 slots machines from a low of 90.1% to a high of 95.4%, Dollar slots from a low of 90.0% to a high of 96.5% and five dollar slots from a low of 91.9% to a high of 97.3% at Lake Tahoe. The spread from quarter machines to five dollar machines, at the high end, is 2.1% hardly significant.
Myth #6: It’s all in how you pull the lever that makes you a winner or loser.
Fact: Well, that was the case when they first came out but since then, how long or how fast you pull has absolutely no influence on where the reels stop. The random number generator is constantly calculating new numbers. As soon as you pull the handle, the position of the reels has already been determined.
I’m sure that after you have read the free slots machine myths and the factual details of each, you will have a clearer understanding of how slot machines really work. It’s easy to misinterpret things we don’t fully comprehend and even easier when luck is involved. So, whether or not you’ll need your lucky pendant the next time you visit the casino is up to you.