Pokies and Slot Machine Information

Pick a pack of personalised pokies

It can be a bit of a yawn wandering around casinos looking for your favourite game to play. Odds are that if its your favourite, others like it too. You could always find an occupied machine and inform its player that they left their headlights on, but thats only good for about five minutes of play. When they return they might just belt you with an ashtray or nearby chair.

Casinos want you to always be able to find your favourite game – its more likely you’ll donate more money, faster. New technology exists to allow you to play your favourite game on any available machine – simply sit down, navigate the touch screen and voilà, your wallet or purse will be lighter in no time.

Where is this timesaving technology? Its coming soon to a venue near you:

“that the roll-out …. should be complete by 2007″

News.com Article

As noted in the article, there are security concerns. The games are being downloaded from a remote computer to your slot machine – you really don’t know what might happen to the game whilst its in transit. The tongue in cheek response from one of the manufacturers:

“…we’re going to have bi-weekly gatherings of all the nerds”

Well that makes me feel better about security already.

There are other advantages and cost savings for casinos. They can easily change individual or groups of machines to other game types or payout levels via remote control. They keep a very close eye on which games perform and will soon weed out the weaker ones.

Are all these changes good for you, the player? Its certainly going to be more convenient to be always be able to play your favourite slot machine game, but as usual the real advantage belongs to the casino. They get more of your money.

Simulation of slot machine play

Posted below is a chart showing a sample of what you might find if you were to invest $1,000 into three slot machine games of the same game type (imagine your favourite game is the subject of this chart), but with different payouts, and played until you had lost the entire $1,000.

Three different return to player (RTP) amounts are shown – from 85% up to 93%. The RTP number is simply a way of determining how much of every dollar you gamble in a slot machine you can expect to keep. So if the RTP is 85%, you can expect to keep around 85% of each dollar you play with. Each time you re-invest the funds, you can expect to lose more.

The most difficult part is determining the RTP a given machine is set to. Gaming venues are usually able to change these at their discretion (subject to regulatory limits) and may not wish to tell you what their payouts are. Ask anyway!

Using the scenario from the chart above, we can see that playing the same slot game but with different RTP settings, and betting the same $2 amount every spin on each game, you could reasonably expect to play for almost twice as long on the ‘loose’ (93% RTP) machine as on the ‘tight’ (85% RTP) machine. If you are going to play the pokies, find a venue with the highest payouts.

As always, please note these figures are based on very long term averages – the chart above is simplying returns to make them readily understandable. All charts and data are estimates and approximations only.

Ticket slots and slot machines as ATM’s

Most pokies in Australia are coin and bank note operated – insert your funds, win or lose for a while, then cash out to the tinkle of coins in the tray (or a manual payout over a certain amount).

The trend in the USA is towards ticket operated slots. You insert your funds as bank notes, win or lose, and when you cash out the machine will print a special ticket for your remaining balance. You can then wander over to a new machine and insert the ticket to transfer your balance to that machine, or you can simply redeem the ticket for cash.

There are huge advantages for casinos using the ticket method:
-> If patrons don’t need to wait for payouts, they can move from machine to machine more quickly – increasing the amount the venue can win.
-> No coins to worry about for customers. If you’d seen some of the places I have seen patrons store coins, you’d be rather less happy to handle them. Some folks are very creative with their storage plans.
-> No coins to count. If you have 18,000 gaming machines each holding a few hundred dollars in coins, it becomes a real timetaker to balance/count/empty all machines.

More than 90 percent of MGM Mirage’s 18,000 slot machines soon will be coinless, says Yvette Monet, public affairs manager for the company.

Wired Magazine Online

Its likely the changeover to new technology will cost casinos initially – but they will soon make it back by not having to handle millions of coins. You can safely bet that the savings won’t be passed on to players.

As player acceptance spreads, its likely ticket slots will turn up in your favourite venue.

The next logical step is the installation of magnetic card readers into slot machines, so you can withdraw funds directly from your bank account and into the game. The technology already exists, and according to Wired may be implemented:

some Indian casinos in California — where there are more than 60 autonomous gaming boards — soon may allow ATM payments.

Indian casinos operate under rules quite different to casinos in other parts of the world. It would be considerably more difficult to introduce combination slot machine/ATM’s in countries like Australia, where there is already a backlash against the widespread installation of pokies.

Can you win more by betting more?

We’ve received a question asking whether by betting higher amounts playing pokies you will win more overall. The general answer is no – the higher your bet, the more you will lose.

If you were to play two identical machines side by side at the same time, starting with $100 in each and investing $1 a spin on one, $5 a spin on the second your cash balance might look something like this:

The above data is highly theoretical, and based on an exact Return to Player (RTP) of 92.00% over a short period – which is unlikely to occur as RTP settings are based over very long terms. It does show in principle though that you will lose money much faster as you bet higher, all other things being equal.

Once again these figures do not take into account doubling up or jackpot game participation and represent only a rough guide as to what you might expect. You should not rely on this data.

Victorians lose over $200m per month

Unlucky punters in Victoria, Australia are losing over two hundred million Australian dollars per month on pokies. On an annualised basis, this works out to almost 2.5 billion Aussie dollars.

To be losing $200m per month, total annual turnover in gaming machines in Victoria is probably around 27.5 billion dollars.

The huge windfall is shared by government ($840 million), venue operators ($620 million), Tattersall’s and Tabcorp ($840 million) and the Community Support Fund ($200 million).

Herald Sun Article

As with the previous article, we’ll estimate what else 2.5 billion dollars could buy:

-> Buy 100,000 average size cars.
-> Buy 1,700,000 average computers.
-> Buy 1,250,625 plasma televisions.
-> Buy 675,000,000 cups of coffee.
-> Buy 839,000,000 250 gram bars of chocolate.

Instead, the funds and the employment the above spending could create are being lost.