Variance in payback via slot denomination

I know the basics and its an old topic in general. You know that on avg a nickle slot is going to be stingier then a $1 slot.

What I want to know is if there is a theoretically signifigant diffrence in return between a say $5 and a $25 slot or between say a $10 and a $100 slot.- or if it even is better return, is it minimal for the increased risk (payback does not increase enough to cover the increased risk ratio to ratio.

Maybe a nickle is 90%-
quarter is 93%- (5x risk with 3% gain over nickles for .6% ratio)
buck is 95%- (4x risk with 2% gain over quarters for .5% ratio)
10 bucks 97%- (10x risk w/ 2% gain over buck for .2% ratio)
100 bucks 98%- (10x risk w/ 1% gain over $10 for .1% ratio)

just example of what im refering to- not giving those from stats. But you see there is a better return- but your risking alot more per % return you get. So it makes it less worth it IMO. Or am I thinking of something thats irrelivent?

Basic question- is it as much better to play $100 slot machine over a $1 slot machine as it is a $1 slot over a penny slot... or is it already pretty much maxed out?

http://www.slots2000.com/payback.php

Mohegan Sun:
Denomination Payback %
25¢ 90.86
50¢ 91.03
$1.00 92.06
$5.00 94.51
$10.00 95.10
$25.00 95.41
$100.00 94.08
$500.00 86.76
Average 91.97

Vegas:
5¢ Slot Machines
The Strip - 90.94%
N. Las Vegas - 93.70%
25¢ Slot Machines
The Strip - 92.85%
N. Las Vegas - 96.73%
$1 Slot Machines
The Strip - 94.90%
Downtown - 95.40%
Boulder Strip - 96.69%
N. Las Vegas - 97.39%
$5 Slot Machines
The Strip - 95.91%
Downtown - 96.03%
Boulder Strip - 97.10%

There is a lot more info on the page though. It's all for 2000.

So, as the chart shows, going $0.05->$1 definitely improves the payback somewhat, but nowhere near mitigating the absolute loss. $1->$5, still yes, a bit. Anything past $5 is marginal at best, and going over $25 is outright a loss even in payback percentage.


There are exceptions though.
For instance, South Dakota:
5¢ Slots - 91.58
10¢ Slots - 91.75
25¢ Slots - 90.47
50¢ Slots - 91.43
$1 Slots - 91.64
$5 Slots - 94.46
So, as can be seen, sometimes 5c slots and $1 slots pay the same.

Wow the $500 machine does an 86% payback- that wasnt expected- and the fact it dropped between 25 and 100 is even a surprise to me. Though it was a single place and theres always exceptions- its still a surprise. the drop from 94 to 86 Id say is very significant for the huge denomination

But not unexpected. $500 machines are novelties, and novelties are rarely about payback. Even $100 slots have a semi-novelty status, and the "semi" part at least keeps them, overall, roughly on par with $25 ones.

Actually, the $500 machines are probably few in number (maybe just 1) and rarely played, so the data is too small to be credible. It probably pays back about the same as the $100 machine

Quote: P90

So, as the chart shows, going $0.05->$1 definitely improves the payback somewhat, but nowhere near mitigating the absolute loss.

I would argue that the absolute loss could easily be worse on a $.01 or $.05 than on a $1 machine. $.01*50lines*10 per line>$1*1line*3 per line.

Quote: cardshark

Actually, the $500 machines are probably few in number (maybe just 1) and rarely played, so the data is too small to be credible. It probably pays back about the same as the $100 machine

Well, if it's just 1, the figure is for that one. These figures are not from experiment, but from official reports.

Quote: rdw4potus

I would argue that the absolute loss could easily be worse on a $.01 or $.05 than on a $1 machine. $.01*50lines*10 per line>$1*1line*3 per line.

But that makes it a $5 spin, really. And you don't have to select all the lines.

I've never really figured out why they refer to a slot as a quarter slot or a penny slot when the machine requires multiple coins to be operated or atleast requires multiple coins to be operated sensibly.

A quarter slot machine requiring five coins is a $1.25 machine.

With a button of Bet Max Credits... that should be the denomination.

Quote: FleaStiff

A quarter slot machine requiring five coins is a $1.25 machine.

Probably because a nickel machine would only physically accept nickels, and a quarter machine ate quarters.
But yes, that now seems (mostly) irrelevant.

Quote: FleaStiff

I've never really figured out why they refer to a slot as a quarter slot or a penny slot when the machine requires multiple coins to be operated or atleast requires multiple coins to be operated sensibly.

A quarter slot machine requiring five coins is a $1.25 machine.

With a button of Bet Max Credits... that should be the denomination.

I've never seen a quarter slot that "required" five quarters. To me, the nominal denomination of a machine is the smallest amount I can play on any one pull.