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ushope777
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2 February 2012 - 4:49am

Are online casinos "looser" than land casinos?

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Or should I say, "How much looser are online casinos than land casinos," because it certainly seems to me that they are MUCH looser than any land casino where I have ever played, and that I can play a MUCH longer time with my money, spreading my deposits over months! And my deposits are always relatively small!

So, CL-Ed and others, are there any stats out there that show us the difference?

Also, I KNOW that every single land casino I have ever visited has tighten up their slots even MORE since our recession. Do you think that Vegas did the same (because I know they were hurt by the economy as well.)? I wonder what degree they had to tighten slots compared to cutting back in other areas.

Well, I guess I am asking a boatload of questions now, lol.

Any thoughts?

Hope777

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auCL-Ed
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2 February 2012 - 5:51am
#1

At a very high level the answer to that is yes, the online casinos have better payout rates than the land casinos. You could say they are looser. As a rule of thumb we use 95% as the average payout rate of online slots in our systems when calculating bonus values and rankings. Of course some machines pay back less and some more. It all depends on the individual game and the settings the game developers use. The reason is most likely just like every other real world business that is able to be replicated online - lower overheads, no buildings to construct or rent to pay, less staff, virtually unlimited machines etc.

The payout rates in Nevada for example are a little lower than that on average, but unlike online casinos the payout rate depends more on the coin size you play. For example, over the past few years in Nevada, the average payout on penny slots is about 90%, $1 slots around 94.5%, and $25 slots are the best paying at close to 97%.

If you want to check out the Nevada numbers for yourself you can here:
http://gaming.nv.gov/gaming_revenue_rpt.htm

Each report shows the % hold for all the money wagered on each game. Look at the last column to the right titled "Win Percent". Subtract that number from 100 and you get the payback percentage (I highlighted the column in the image below). Looking back over the past three years at least, it doesn't seem like the numbers have changed much at all, which suggests that the Nevada casinos at least have not significantly tightened their machines recently.

nevada-payouts.png

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usUbetcha
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3 February 2012 - 2:06am
#2

I noticed every time I signed up an online casino and then play right away, the slots were much looser. Then the following day or two they seemed tight already. lol

While at the land casino I go to, I either break even or win some.

Y'all take care.. =^. .^=

auCL-Ed
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3 February 2012 - 7:22am
#3

I have no doubt what you say is true Ubetcha. The problem is it varies so wildly from person to person. Those payout numbers from Nevada are the results after 100s of millions of spins, so the losses and wins tend to even out to the point where you see the house edge of the games. But one person sitting down playing is going to see wild fluctuations from that.

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ushope777
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3 February 2012 - 5:27pm
#4

I do pretty bad at the land casinos, and I have a friend who wins big jackpots quite often (although she is even insisting the slots are "tighter" at her favorite casino, lately). Her husband wins, too. I start to feel like I am cursed, and I wonder why I am always so excited to go there and donate my money a few times per year, lol. I must get amnesia between visits or something. I don't know

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ushope777
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3 February 2012 - 5:28pm
#5
CL-Ed wrote:

At a very high level the answer to that is yes, the online casinos have better payout rates than the land casinos. You could say they are looser. As a rule of thumb we use 95% as the average payout rate of online slots in our systems when calculating bonus values and rankings. Of course some machines pay back less and some more. It all depends on the individual game and the settings the game developers use. The reason is most likely just like every other real world business that is able to be replicated online - lower overheads, no buildings to construct or rent to pay, less staff, virtually unlimited machines etc.

The payout rates in Nevada for example are a little lower than that on average, but unlike online casinos the payout rate depends more on the coin size you play. For example, over the past few years in Nevada, the average payout on penny slots is about 90%, $1 slots around 94.5%, and $25 slots are the best paying at close to 97%.

If you want to check out the Nevada numbers for yourself you can here:
http://gaming.nv.gov/gaming_revenue_rpt.htm

Each report shows the % hold for all the money wagered on each game. Look at the last column to the right titled "Win Percent". Subtract that number from 100 and you get the payback percentage (I highlighted the column in the image below). Looking back over the past three years at least, it doesn't seem like the numbers have changed much at all, which suggests that the Nevada casinos at least have not significantly tightened their machines recently.

Thank you for this, CL-Ed, as I find it very interesting.

Would they have statistics like this for the casinos in my state that would have to be available to the public?

Hope777

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auCL-Ed
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4 February 2012 - 3:57am
#6

If you know who regulates casinos in your state you should check their website.

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ushope777
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4 February 2012 - 7:03am
#7

I will do some digging. Smile

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ushope777
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5 February 2012 - 11:33pm
#8

Here is an enlightening article that I found about our state, CL-Ed:

http://www.house.leg.state.mn.us/members/pressrelease.asp?pressid=5295&p...

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auCL-Ed
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6 February 2012 - 5:50am
#9

Doesn't sound too promising!

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ushope777
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6 February 2012 - 8:44pm
#10

No, it does not. Things really need to change! Sad

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usLuckyMe
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10 February 2012 - 2:57am
#11
hope777 wrote:

I do pretty bad at the land casinos, and I have a friend who wins big jackpots quite often (although she is even insisting the slots are "tighter" at her favorite casino, lately). Her husband wins, too. I start to feel like I am cursed, and I wonder why I am always so excited to go there and donate my money a few times per year, lol. I must get amnesia between visits or something. I don't know

I went to the casino yesterday. I should have just handed them the money when I walked in. Smile The casino had all new games. A lot of the machines had a minimum bet of 30 times at the two cent slots.

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10 February 2012 - 8:16pm
#12

Our casinos are always changing everything around and getting new games. Every time I go I have to figure it all out again. Sometimes they get rid of or have fewer of some of my favorite games. I haven't been to my favorite land casino for a long time. I might go this month with my free room, but IDK yet. Depends upon a lot of things. Smile

Sorry you didn't win big! Sad

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usUbetcha
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11 February 2012 - 12:25am
#13

Same issue at the land casino in Louisiana. They got rid off some old slot machines 'cause it pays more, it means losing profit! Wink

Y'all take care.. =^. .^=

usLuckyMe
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13 February 2012 - 12:19am
#14

I wanted to play some of the old games I had won on before, but they were gone. Sad They had the Munsters one. I was able to play my space ufo one. I'm not sure what it is called but I always win something on that one, then lose it on the others.

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