Penny Slots With Best Odds
When you visit a casino, all the action appears to be happening at the tables. But when it comes to ease of play and popularity, slots come out on top. In fact, casinos dedicate roughly 80% of their gaming floor to slots. Only 20% is for table games.
- Slot machine odds used to be easy to calculate. When you’re dealing with three reels, ten symbols on each reel, and a limited pay table, then it’s just a simple math problem. But the rise of electromechanical slot machines and (later) video slots added some complexity to the situation.
- Here you can also find the best online casinos offering penny slots. Play’n Go – Hugo Goal Slot – $.05 Minimum Try this game at Slots Magic casino with a 100% up to £/$/€ 100 + 50 Spins. WR: 30X D+B 60X Spins winnings.
The reason? Slots are more popular and account for more revenue than all other gambling sources combined. And for good reason. Playing a slot machine doesn’t require any gambling knowledge. On top of that, you can bet as little as $0.01.
Look for Penny Slot Machines with Best Odds Slots odds, also expressed as RTP (Return to Player) are the best and most obvious indicator about what to expect from a particular machine. Better odds or higher RTP mean that a game is more player-friendly and doesn’t cost as much per spin. Believe me, your odds are FAR better playing the 25-cent 'Lock & Roll' slots-betting 4 (which equals $1 per game), than betting 40 lines times 5 ($2) on those penny slots. Yet, casino guests just love those penny slots! Often I wonder just how much they put in before winning even $100 back. I've never won more than $80 on a penny machine.
What slots and table games have in common, however, is the enforcement of a withholding tax. If you’re one of the millions who visits Las Vegas annually, you need to remember that your winnings could be subject to a 30% withholding tax by the Internal Revenue Service (IRS).
Fortunately, Refund Management Services (RMS) can help you reclaim a portion or all of your withheld winnings.
Finding the Loosest Slots in Las Vegas
It’s not hard to find a slot machine in Nevada. In fact, there are over 490,000 slots and gaming machines in Clark County alone (the county where you find Las Vegas). And they’re not just located in casinos. You can find slot machines in the airport, gas stations, and convenience stores.
What is hard, though, is finding slot machines with the best payouts. After all, no one likes to go into a casino and lose $100 on the slots in 30 minutes. The goal is to win, or at least make your money last longer.
Thanks to increased competition in gambling hubs like Las Vegas, Reno, and Atlantic City, casino operators are battling for customers. To keep customers coming back, many casinos are increasing the number of jackpots at their slot machines.
All slot machines work on a payback percentage that the casinos can set. They can make a slot machine tight or loose. Loose slot machines increase the chances of a player hitting a payout. This creates excitement and helps keep players in their seats on the gambling floor.
For slots aficionados, it’s all about finding the loose machines. Not surprisingly, casinos do not advertise which machines are loose or the payout percentages of individual machines.
But that doesn’t mean you can’t do a little digging and find out which kinds of slot machines have the biggest win percentages. It turns out, you need to spend money to make money in Las Vegas.
Best Slots to Play in Las Vegas
Statistics from the Nevada Gaming Control Board show which slots offer the best payouts in the order of the denomination played. In June 2016 in Clark County, Megabucks progressive slots posted the worst win percentage at 85.15%.1
What that means is, for every $100 you spend, you can expect to win $85.15. Megabucks progressive slots generally have the worst win percentage because the huge jackpot outweighs the bad odds.
The best win percentages came from high-roller slots. Slots that accept denominations of $5, $25, and $100 returned 94.05%, 94.97%, and 94.35%, respectively. While you can lose your money faster with high-roller slots, the payout percentages are always better (on all slots regardless of the denomination) if you get the maximum amount on each spin.
The most fruitful games, when it comes to odds and cost, are the nickel and quarter slots. In June, nickel slots had a win percentage of 94.2% while quarter slots paid back 93.06%. Next to Megabucks, penny slots have the worst win percentage, returning 88.83%.
Casinos with the Most Slots in Las Vegas
The Orleans Hotel and Casino
The Orleans is a Mardi Gras-themed casino hotel located a few minutes west of the Strip. The casino floor covers 137,000 square feet and has over 2,600 slot machines. There is also a high-limit slot salon.2
The casino also has over 60 table games and a 35-table poker room. You can also find a seat in the 125-person race and sports book with 13 betting windows.
MGM Grand Las Vegas
The MGM Grand is located at the south end of the Strip. It’s easy to spot the MGM Grand casino—it’s a massive emerald-coloured complex with a 45-foot bronze lion out front.
The MGM Grand covers over 170,000 square feet and has 3,000 slot machines (with denominations ranging from $0.01 to $1,000. There are also around 200 table games, a 24-hour poker room, and a race and sports book.3
Sam’s Town Hotel and Gambling Hall
Sam’s is a sprawling casino resort 10 km east of the Strip. The 120,000-square-foot casino is spread out over three floors where you’ll find over 3,100 slot machines, 50 table games, an 11-table poker room, a 570-seat bingo room, and a 60-screen race and sports book.4
Casino Slot Winnings Subject to 30% Withholding Tax
Non-U.S. residents who win a significant amount of money playing the slots at any casino or gaming facility in the United States are subject to a 30% withholding tax by the IRS.
In the U.S., winnings from casino games and other games of chance (racetrack, game show) are considered income. If you win $2,000 playing the slots, the casino will pay you $1,400. The IRS keeps the rest. But if you live in a country like Canada, which has signed a U.S. tax treaty, you may be eligible for a refund.
There are a number of countries that currently do not have a U.S. tax treaty. However, if you reside in any of the following countries, you could still be eligible for a refund: Australia, Bahrain, Barbados, Brazil, China, India, Indonesia, Israel, Kuwait, Mexico, Malaysia, Monaco, New Zealand, Norway, Saudi Arabia, Singapore, South Korea, Switzerland, Taiwan, Thailand, and the U.A.E.
To see if you meet the criteria and are eligible to get some or all of your withholding tax back, contact RMS.
RMS, the Easiest Way to Get Your 30% Withholding Tax Back
If you’ve visited the U.S. and had 30% of your casino winnings held back by the IRS, Refund Management Services (RMS) can help you reclaim a portion or all of your taxable winnings.
Founded by a Canadian chartered accountant, RMS is Canada’s most reliable and experienced gaming and casino tax refund provider. Over the years, RMS has helped thousands of people around the world recover taxes on their U.S. gaming wins. We’ve also never been refused an eligible refund.
Only RMS has the One Simple StepTM process with an easy online form to fill out. After you complete the form, our customer service agents take care of the rest, processing and submitting it to the IRS. It can take a minimum of one year for the IRS to review the claim and for RMS to receive the refund.
Contact RMS today by calling our toll-free number at 1-855-860-2610 or by e-mailing us at [email protected].
Sources:
1. “June Gaming Revenue Report,” Nevada Gaming Control Board web site; http://gaming.nv.gov/modules/showdocument.aspx?documentid=11262.
2. “Play,” The Orleans Hotel and Casino web site; http://www.orleanscasino.com/play.
3. “Casino,” MGM Grand Las Vegas web site; https://www.mgmgrand.com/en/casino.html.
4. “Play,” Sam’s Town Hotel and Gambling Hall web site; http://www.samstownlv.com/play.
Penny slots. This is the one game at the casino that everyone from the broke 21 year-old newbie to the veteran 75-year-old grandma can afford and play.
However, even though penny slots are one of the most popular games at any casino, it’s amazing how many people still aren’t sure how and where to play them. Lucky for you, that’s what we’re here for.
Here are 3 key tips to help you take down those penny slots and get the best ROI on your investment.
Max Bet
Always max bet. If you ever think about not max betting, just get up and walk out of the casino. If you’re playing penny slots, the only way you can get a max return on your investment is to wager max bets. You aren’t sure when you’ll spin a winner, but when you eventually do, you’d absolutely hate it if your winnings totaled to a grand 50 cents.
Additionally, many times you’ll get additional spins once you win and a max bet can net you up to 10,000 free spins depending on the casino. You can do a lot of damage in 10,000 spins so just keep the game going as long as you can to give yourself the opportunity to cash in big.
Matching Deposit Bonus
This is very common for online casinos, but it’s becoming more and more prevalent in land-based casinos as well. If a casino offers a free cash bonus, like any sane person, you should jump on this offer (just be sure to read the terms of the bonus, that is always good practice.)
For example, some casinos will offer you a 100% matching bonus, which means if you deposit $200 into the machine, the casino will match and bring your total deposit to $400. The best part about this type of bonus is that you have no choice but to deposit anyway, so this is really a no-lose, best case scenario type of bonus.
Look around and make sure you head to a casino that A) matches up to 100% of your deposit and B) does it more than once. Some casinos will re-top you up on your 2nd deposit as well.
Payout Percentages Are King
In addition to the deposit bonuses, you also want to play at a casino that’s known for its high payout percentage for real money slots players. Think of it this way – you would much rather go to a restaurant with the best food, right? Or you’d rather go see a sports game that features the best teams playing it. This is the exact same concept.
Why go to a casino that pays its slot players less than its competitor? Look around, check online for casino payout percentages, and work your way to the highest one. All of this work needs to be done before you even walk in and pull a lever on a machine, so you pre-assessment is absolutely key to your success. You don’t want to sink your chances of winning before you even get started!
There you have it. Follow these three steps and maybe, just maybe, you’ll be able to cash in on your penny investment and become the godfather of Las Vegas for an entire weekend. If you want to hone your skills, may we suggest playing at Slots of Vegas casino today
Relevant news
What is the Payout Percentage for Slots?
If you’re interested in playing slots, one of the first things you should learn about…
read more +4 Lucky Colors and What They Mean
What you wear may affect your gambling odds. Find the color that fits your goals…
read more +
Slots for Dummies: 5 Things You Should Know
Slots are one of the easiest games to play in a casino, but even then,…
read more +3 Craps Strategies, Why they Work, Why they Don’t
Penny Slots With Best Odds Slot Machines
There are two types of betting strategies: conservative strategies that involve making one or two bets…
read more +70 Ways to Say Good Luck
Keep it simple. Want to keep it secular, or cut the idea of luck out…
read more +10 Luckiest Names
Parents choose names for many different reasons. Sometimes a name carries a family tradition, or…