Y Slot Machines In Las Vegas
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Dennis Nikrasch (September 12, 1941 – 2010) was a Vegas slot cheater and a former locksmith who was responsible for spearheading the biggest casino theft in Las Vegas history, by grabbing $16,000,000 from rigging slot machines over a 22-year period. His career began in Chicago, Illinois as a locksmith. He then found out that he could break into any lock he wished, due to his extensive knowledge of the tools, and became associated with members from a key Chicago crime family until his arrest in 1961. When he was released in 1970, he realized that he could make even bigger profits by manipulating slot machines in Las Vegas. From 1976 until 1983, he obtained $10 million from this method. He was then found in 1986 and sentenced to five years in prison. He was released in 1991, but didn't return to Vegas headlines until 1996, when he returned, this time with a new approach in response to the higher levels of security. He actually managed to keep his cheating secret until November 1998, when one of his accomplices revealed information about his cheating machines. He was arrested and sentenced to 7.5 years in prison, being released in 2004. He died in 2010 from unknown causes.
References[edit]
- Vince Beiser (05/03/1999). 'Silicon Crackers Tackle Casinos'. Wired.com. Condé Nast. Retrieved 14 September 2013.Check date values in:
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Las Vegas slot machines are known by a variety of names around the world. Slot machines in Australia are generally referred to as video poker, poker machines or pokies. In Japan it is known as pachisuro. In Britain, they are usually known as Fruit machines, Bandits and AWP (Amusement with Prizes)
Traditional slot machines are coin-operated machines with three or more reels, which spin when a lever on the side of the machine is pulled.
Las Vegas slot machines which are considered modern slot machines are designed to look and feel like the old mechanical models, but they work on a completely different principle. The outcome of each pull is actually controlled by a central computer inside the machine, not by the motion of the reels.
The positions the reels will come to rest on are chosen by a Random Number Generator (RNG) contained in the machine's software. The RNG is constantly generating random numbers, at a rate of hundreds or maybe thousands per second. As soon as the lever is pulled or the 'Play' button is pressed, the most recent random number is used to determine the result. This means that the result varies depending on exactly when the game is played. A fraction of a second earlier or later, and the result would be different.
What does all this mean, you ask? It means,
Las Vegas slot machines have one of the worst House Advantage. That means the odds are always in the slot machine's favor.
There is no reward for playing longer. Each play is an independent event with the same odds of winning or losing as every other play on that game.
Persistence doesn't pay off. The result of your previous play or series of plays doesn't determine what happens on your next play.
There is no way to tell which slots are wining machines. Slots are never 'due for a win' and they don't 'go cold' after a win.
The location of the slot machine, whether it's on the Strip, off the Strip or Downtown affects the outcome of a game.
Now, here is the news you don't to hear. There is really no strategy to out smart the slot machine. However what we can show you are some wining tips on playing slot machines.
Las Vegas Slot Machine Games
One of the questions visitors to Las Vegas ask is, where are the loose slots. Loose slots are Slot machines with above-average pay outs.
It's a fact that Las Vegas Slots differ in their payouts. Generally the odds of wining any prize on Las Vegas Slot Machines are approximately 1 in 5. However the odds to wining a top prize on a red, white and blue slot machine, for example, are only 1 in 373,248.
Some slot games pay smaller prizes more frequently and offer more bonus games (Loose Slots). Other machines pay out more often in the middle and top prize categories. It's important to mention that the chances of winning smaller prizes on slots are greater than the chances of winning top prizes.
Tips for Wining Big on Slot Machines
Use your Player's club card
Play two-coin, three reel, one payline slot machines.
Stay away from three-coin machines unless they are progressive machines.
Don't play more than one machine at a time.
Always play the maximum coins.
Always play machines that show double up symbols.
Don't play nickel slot machines. (check the house advantage here)
The Slot Expert's Guide to Winning at Slots
The Best Number of Coins to Play in Slots
| Type of Machine | Rules and Reasons |
|---|---|
| Progressives | Play maximum coins. If you play don't play maximumcoins, you're only increasing the jackpot for someone else with nochance of winning it yourself. |
| Straight Multipliers | Play one coin at a time. The payback and hitfrequency are the same regardless of the number of coins you play. |
| Bonus Multipliers | Play one coin at a time. The chances of hitting apayout with a bonus are so small, it's not worth the extra risk. |
| Buy-A-Pays | Play maximum coins. The increase in payback andhit frequency purchased by the additional coins can turn a terriblemachine into a good one. |
| Hybrids | Play just enough coins to activate all winningcombinations. Extra coins are rarely worth playing in amultiplier, and hybrids are multipliers when you're in themultiplying section of the paytable. |
| Hidden Buy-A-Pays | Play maximum coins. The feature activated byplaying the last coin frequently makes the last coin pay back over100%. |
| Multilines | Play one coin or maximum coins. Play maximum coinsif having winning combinations land on paylines you didn't activatebothers you, otherwise play one coin. |
| Multicoin/Multilines | Play one coin each on as many lines as you like. Play one coin on each line if having winning combinations land onpaylines you didn't activate bothers you, otherwise play one coin.If there's a Hidden Buy-A-Pay, play enough coins to activate it. |
Source: John Robison - www.Robison.CasinoCityTimes.com
Slots Machines House Advantage and Expected Lose
| House Advantage | For Every $100 bet, the player can expect to lose | |
|---|---|---|
| Penny Slots | 8%-12% | $8 - $12 |
| Nickel Slots | 6%-12% | $6 - $12 |
| Quarter Slots | 5%-10% | $5 -$10 |
| Dollar Slots | 2.5%-6% | $2.50 -$6 |
Take a different twist on the increasingly popular game of poker and play your favorite video reel games at most Las Vegas Casinos. Choose from the hottest Vegas video reel games and slot machines. You'll find all your favorites, plus progressives and video poker in a wide range of denominations. Video poker provides all the strategy of poker but at your own pace.
Did you know...
The largest Las Vegas slot machine jackpot ever, was paid on a Megabucks machine at the Excalibur Hotel, for $39,713,982.25 on March 21, 2003. More Las Vegas Facts.
Y Slot Machines In Las Vegas Nevada
Do you know ... your chances of hitting a winning combination are the same on every spin.