teddy123
• Posts: 1
Joined: Sep 26, 2014
September 26th, 2014 at 8:49:35 AM permalink
Hi. I'm new here.
Can anyone explain to me what is the "hold percentage" that I see on the screen of a slot machine when the attendant is restarting a game?
Thanks
tringlomane
• Posts: 6281
Joined: Aug 25, 2012
September 26th, 2014 at 9:29:20 AM permalink
The percentage of the total coin-in that the machine is "holding" on to aka the percentage of total wagers the casino is winning with the machine. It's roughly the house edge the machine has. The more and more the machine is played, the hold percentage will approach the house edge.
onenickelmiracle
• Posts: 8277
Joined: Jan 26, 2012
September 26th, 2014 at 9:30:43 AM permalink
Hold percentage means the amount of money the casino expects to win from bets in the long term. This is the edge the casino has to be assured they'll win over time.
I am a robot.
wudged
• Posts: 998
Joined: Aug 7, 2013
September 26th, 2014 at 9:41:41 AM permalink
Aren't you all expressing the house edge? I thought hold meant the percent of money retained by the machine vs. the amount put into it. At least that's my understanding for table games. Is the definition of hold different for machines?
petro
• Posts: 99
Joined: Dec 6, 2010
September 26th, 2014 at 9:48:42 AM permalink
Hold percentage is different from house edge.

At 5Dimes casino they referred to the 'hold' as the percentage of money made on the machine.
For instance if their JoB returned 98% of all money put into it for the year, they would say that JoB had a 2% hold.
tringlomane
• Posts: 6281
Joined: Aug 25, 2012
September 26th, 2014 at 10:04:12 AM permalink
Quote: wudged

Aren't you all expressing the house edge? I thought hold meant the percent of money retained by the machine vs. the amount put into it. At least that's my understanding for table games. Is the definition of hold different for machines?

Hold for a machine is technically the current amount the machine has won. For a slot machine with no skill, the hold percentage should approach the house edge over millions and millions of spins.

If a machine gave out a jackpot on its very first spin though, the hold percentage would temporarily be something like -100,000%.
wudged
• Posts: 998
Joined: Aug 7, 2013
September 26th, 2014 at 10:10:45 AM permalink
Take the extreme situation where everybody (millions of people) put money their cash in and just kept spinning over and over until their money was gone. The hold would be 100% even though the machine has an 85% (theoretical) payback.
CrystalMath
• Posts: 1911
Joined: May 10, 2011
September 26th, 2014 at 10:10:47 AM permalink
Quote: wudged

Aren't you all expressing the house edge? I thought hold meant the percent of money retained by the machine vs. the amount put into it. At least that's my understanding for table games. Is the definition of hold different for machines?

Yes, slot machines are different. If you can see it from a menu, without the attendant going into the meters, this is probably the expected house edge as calculated by the designers. The actual return is calculated based on total wins/total bets. Although machines track money in and money out, I've never seen a meter which tracked a table game style hold%.
I heart Crystal Math.
wudged