by Steve Bourie

• The games RTP percentages, show the payout ratio, the amount you can expect to get back for every coin you wager. The Return To Player (RTP) is given in percent. The casino average RTP, no matter if its an experienced provider or a new casino, is around 96%.
• The maximum bet allowed while the Welcome Bonus is in play is €5. Should you bet higher than this while the Welcome Bonus is in play, the casino reserves the right to confiscate all winnings. Deposits made via Skrill or Neteller are not eligible for the welcome bonus and if taken, the casino reserves the right to confiscate all winnings.
• Total Overdrive is totally fruity and unexpected. Design-wise the game is nothing innovative, but when it comes to gaming mechanics, we can’t say anything less than we loved it. RTP is set at 96.92% and a maximum win capped at x1450 your bet, which is not that breathtaking.
• Return-to-Player, or RTP, is a term from casino operators expressing the total of a slot’s wagered amount returned to the players as wins or jackpots. In other words, RTP is the odds of winning at a specific slot machine. RTP is usually used to decide on the payback to players over a period of time, most often every month of a calendar year.

For example, you play a total of $100 on an online slot with an RTP of 96%, your expected return from the casino over time will be $96. Calculating the RTP of a Casino Game Finding the Return to Player (RTP) of any online casino game is quite simple.

The Seminole Tribe of Florida has six casinos in the state: Seminole Hard Rock Hotel & Casino-Tampa; Seminole Hard Rock Hotel & Casino-Hollywood; Seminole Casino-Coconut Creek; SeminoleClassic Casino-Hollywood; Seminole Casino-Brighton; and Seminole Casino-Immokalee.

All of their casinos offer slot machines and five of them also offer blackjack, as well as other kinds of house-banked card games. According to the Miami Herald, it was estimated those casinosgenerated about $2.3 billion in profits in 2016 http://www.miamiherald.com/entertainment/article166085722.html. Since the average U.S. casino generates about 65% of its profits from its electronic gaming machines, it would be fair toestimate that the Tribe’s machines earn about $1.5 billion a year for them.

The only other competition for the Tribe’s casinos are the eight local pari-mutuels in Miami-Dade and Broward Counties which all offer slot machines, but are not allowed to offer live tablegames, such as blackjack. All of these pari-mutuel casinos, also known as racinos, are in competition with the Seminole’s three Broward county casinos, but the Seminole Hard Rock Hotel& Casino in Hollywood alone generates more profits than all eight of the racinos combined.

Florida gaming regulations require all of the pari-mutuel casinos to report how much their slot machines actually pay back to the public. This “Average Payout Percentage” information isavailable to the public and can be seen on the state’s website at http://www.myfloridalicense.com/dbpr/pmw in the “Slot Revenues” section. Additionally, each racino must post a sign in the casino showing the average monthly payback percentage forall of their gaming machines. Usually, the average for all of the casinos is around 92.5%

The Seminoles are not required to release information on the payout percentages for any of their casinos and they keep this information a closely guarded secret. They say that theirmachines pay out at a rate comparable to the pari-mutuels, but no one knows for sure, and the topic is sometimes a source of controversy.

If you read reviews of Seminole casinos on Yelp, Tripadvisor, or on our website at americancasinoguide.com you will see some reviewers say they believe the machines are set to around 60%, orlower. As someone who has written about casino gambling for more than 25 years, I know that isn’t true. The procedure for deciding what a slot machine is set to pay back to the public is rathersimple. When a casino orders a slot machine the manufacturer will offer them a choice of chips to put in the machine and that chip is what controls the long-term payback percentage in thatmachine. Generally, there are about six to eight different chips to choose from and the payback percentages can be as high as 98 percent to as low as 82 percent.

Casinos, almost universally, put the highest-paying chips in the highest denomination machines and the lowest-paying chips in the lowest denomination machines. This means that $25 slots willhave chips returning around 95-98 percent and the penny machines will have chips returning around 86-89 percent.

The lowest payback I ever heard of for a chip was about 80 percent, so I knew that the 60 percent number in the user reviews was not correct, but could there be some way to find out what themachines at the Seminole casinos really paid back to the public? After a lot of research, I believe that I have correctly calculated this information and what follows is my story of how I didit, plus a simple formula to show how anyone can do it. Additionally, we’ll take a look at the returns on some specific machines at some Seminole Casinos and see how they compare to the returnsat other casinos. Now, in order to start this discussion properly, you’ll first need some background information on how casinos work.

When discussing how casinos make money, it is important to know the term “theo,” which is short for theoretical. This is how a casino expects to make money on its games. It’s referred to as“theo” because it is a theoretical number that is not guaranteed. However, the casino knows that the longer you play, the more likely your loss will approach the theoretical win for thatparticular game.

As an example, if you play a slot machine that has a 10% theo, then the casino would expect to keep about 10% of all the money you play through that machine. So, if you played $1,000 throughthat slot machine, the casino would calculate its theoretical win as $100 because 10% of $1,000 is $100. Now, since this is gambling, anything can happen when you play that machine. You may win$600, or you may lose $400 and, actually, the casino itself doesn’t know what will happen. All they know is that as long as people continue to play that machine, the casino will end up keepingabout 10% of the money that goes through that machine because the machine has a “theo” of 10%.

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In order for a casino to calculate your total theo for your visit, and what you are worth as a player to them, your play must be tracked and that is done by the player’s club at each casino.All casinos have a player’s club where visitors can join and have their play tracked on the machines in order to earn “comps” such as free food, free drinks, free shows, free gifts, invitationsto special events and more.

To track your play you are issued a card, similar to a magnetic-striped credit card, that is inserted into the machine and it will track your wins and losses, as well as the total amount of allyour bets. Naturally, the more you play on the machines, the more free stuff you will get from the casino. When deciding how much to give you back in benefits for your play, the casino mustfirst calculate your total theoretical loss to determine how much they have earned from you. Then, based on that total, they will rebate a certain percentage back to you in the form ofcomps and free play. The actual percentage rebated to the player is a trade secret for each casino but, again, it is always based on a player’s tracked theoretical loss.

I live only one mile from the Seminole Hard Rock Casino in Hollywood and I joined their Seminole Wild Card player’s club shortly after the property opened in 2004. Although I did not playmuch in the ensuing years, in late 2013 I began to play rather heavily and it continued through early 2017. My game of choice was video poker rather than slot machines because there is a skillinvolved in video poker and I used software to learn how to play my hands properly. Eventually, I played at an expert level that allowed the casino to have only a slight mathematical edge overme.

Overall, my results were pretty good as I hit quite a few royal flushes in 2016 and that helped me to come out ahead for my three years of play. In early 2017 the casino made some changes totheir video poker games, which made them less desirable, and I stopped playing. During my period of play I used that opportunity to analyze the Seminole Wild Card Player’s club and, following,is what I discovered.

The set-up of the Seminole Wild Card Player’s club is somewhat unusual because at most casinos when you play a machine you will earn points based on the total amount of money you put through amachine. On some machines it may be that $5 earns one point, while on other machines it may be $10 or $25 earns one point.

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The Seminole Wild Card Player’s club is different because players don’t earn points on each machine, instead they earn comp dollars. As an example, for playing $10 through one machine you mightearn six cents, while on another machine you might only earn three cents. So, if you ended up playing $1,000 for the day on the same machine, your comps would total $6 on the first machine, or$3 on the second machine. As a player, you wouldn't really know why one machine gave more comps, but you could correctly theorize that the machines that had a higher rate meant that the casinowas making more of a theoretical win from you and that's why they could give you back more comps.

The comps you earned could then be spent like regular dollars at hotels, restaurants, bars, lounges and retail stores at any of the six Seminole Casinos. Besides earning comps, each day's playalso earned you status credits and those enabled you to reach a higher player's card level. Interestingly, there was no information on a formula for how the status credits were earned. As aplayer all you knew was that you could check your account each day to see how many status credits you earned for your previous day's play.

The player's club only has three tiers: Platinum, Elite and X Card. All players start at Platinum and to reach Elite you need to earn 3,750 status credits within a three-month period. X Card isreserved for the casino's biggest players, but there is no public information available on what is needed to attain that level.

I easily attained Elite level and after tracking the comps and status credits I earned each day, within a few months I began to realize that the status credits actually represented my totaltheoretical loss for each day. I was able to confirm this through test play on certain machines, as well as speaking with other knowledgeable players.

Once I knew that the earned status credits represented my total theoretical loss I was then able to compare that number to the total comps I earned on that same day and I realized that therewas a relationship between those two numbers. As an example, one day I earned $48.75 in comps and I was awarded 828 status credits. By multiplying $48.75 by a factor of 17 the result was828. Another day I earned $30.83 in comps and 524 status credits. Once again, by multiplying $30.83 by 17 the result was 524. That relationship was absolute and no matter what day I played, Ifound that I could always multiply the amount of my earned comps by 17 to determine my status credits (theoretical loss) for that day.

Since I now knew how to calculate my theoretical loss for the day, based on the comps I earned, I then realized that I would be able to calculate what the casino had set as its theoreticalpayback percentage for any electronic game on the floor.

How to Calculate the Theoretical Payback Percentage on a Slot Machine - I believe that anyone can calculate the theoretical payback percentage on any gaming machine in aSeminole Casino by using a formula that I created. The key to calculating a machine’s theoretical payback percentage is to track how many comp dollars you earn for putting exactly $100 in playthrough a machine. For example, if you bet $1 a spin, just track how many comp dollars you have earned after making 100 bets. Once you know that number, you can simply multiply it by 17 and youwill know the casino’s theoretical win rate for that machine. Deduct that number from 100, and you will then know the theoretical payback for that machine.

As an example, let’s say you put $100 through a penny slot machine and you earn 54 cents in comps. Just multiply .54 x 17 and you will get 9.18, which represents the casino’s theoretical winrate for that machine - 9.18%. Then, deduct 9.18 from 100 and you get 90.82 which would represent the casino’s theoretical payback percentage for that particular machine - 90.82%.

I found this method to be accurate and I tested it on dozens of machines at four different Seminole casinos. It should also work at the other two Seminole casinos since they all share the sameplayer’s club. One word of warning, however, is that I found the method to only be accurate for single-denomination machines. If you play a multi-denomination machine the method cannot berelied upon to give you an accurate payback percentage for all of the denominations.

How Do Slot Paybacks at the Hard Rock in Hollywood Compare to the Other Local Casinos? In trying to determine an average payback percentage for slot machines at the Hard Rock in Hollywood, Irealized that it would not be possible to get an actual accounting and I would just have to make an educated guess based on the results of playing some machines in different denominations.

Therefore, I randomly played 10 different machines throughout the casino in three different denominations: pennies, quarter and dollars. As mentioned previously, I had to play exactly $100through each machine and in some instances it wasn’t possible to play exactly $100, so I might have gone over by a few pennies.

In the table below you can see the results for playing 10 random penny slots and the average theoretical return was 88.37%

In the table below you can see the results for playing 10 random quarter slots and the average theoretical return was 90.89%

In the table below you can see the results for playing 10 random dollar slots and the average theoretical return was 91.40%

So, now that we have analyzed the theoretical payback percentages on these machines, how do they compare to the actual returns on slots at other South Florida casinos in those samedenominations?

Well, unfortunately, Florida’s Division of Pari-Mutuel Wagering, which compiles the statistics on payback percentages for all racetrack casinos only releases information on the average payoutfor all machines within each casino and not for specific denominations. We did put in a public records request asking for a breakdown of those stats by denomination, but we received thefollowing reply: “The Division does not maintain information responsive to the following request: slot machine gaming revenue reports by denomination (one cent, nickel, quarter, dollar, etc.).”

Since we couldn’t get information on payback percentages by denomination, it was not possible to compare the Hard Rock’s machines with those at the pari-mutuels. However, it was possible tomake an educated guess about the overall returns on the Hard Rock’s machines. For the 12-month period from July 2016 through June 2017, the pari-mutuel casino with the highest average returnswas Magic City at 93.55% and the lowest returns could be found at the Isle in Pompano where they averaged 90.91%. Therefore, based on the numbers shown in the tables above, I would have toagree that the Hard Rock Hollywood’s slot paybacks are “comparable” to those at other local casinos and they are not set to pay back at the low rates that some people would suggest.

How Do Returns on Machines at The Seminole Hard Rock Casino in Tampa Compare to Returns at Casinos in South Florida? On the American Casino Guide website visitors can leave a review forany U.S. casino and the Seminole Hard Rock in Tampa has gotten almost 200 reviews - https://www.americancasinoguide.com/florida/seminole-hard-rock-hotel-a-casino-tampa.html The vast majority of those reviews are complaints about how bad the paybacks are on the slotmachines. The thinking seems to be that, once again, the machines are set to pay back at a very low rate, especially since the Tampa casino has no competition because the nearest non-Seminolecasino is about 250 miles away. That sentiment seemed somewhat logical to me so I thought I would investigate further by making a trip to Tampa to visit the casino.

I arrived late in the day and I spent a few hours that evening, as well as a few more hours the next morning testing various machines using my formula. My thought was to find some of theexact same machines I played at the Hard Rock in Hollywood and to see if the theoretical payback percentages were lower. This turned out to be harder than I expected as I found it difficult tofind the same machines in the same denominations. One other thing I noticed was that there did not seem to be too many penny slots. Instead, the vast majority of the lower denomination gameswere two-cent slots. This was not the case at the Hard Rock casino in Hollywood, where penny machines were abundant.

Eventually, I did find a few machines, in three specific denominations, that were the exact same as the ones I played in Hollywood and the table below shows how the results compared.

For penny games there were three machines I tested and, interestingly, all three had the same theoretical payback percentage as at the Hollywood Hard Rock.

Finding quarter games proved to be a bit harder. I only found two machines that were identical to ones at the Hollywood casino and, once again, the theoretical payback percentages matched upfor both casinos.

At the dollar level I found four machines that matched up with their Hollywood casino counterparts. On the first one, Triple 777 Red Hot Three Reels, the comps earned were the same as at theHollywood casino. This was great because the comp rate on every machine was matching up perfectly, so far, but that soon stopped.

On the three-reel blazing 7’s machine the comp rate was 39 cents, which would correspond to a theoretical payback percentage of 93.37%, which was higher than the 91.50% figure for the samemachine in Hollywood. A similar thing happened with the next machine I tested: Quick Hit Platinum. The comp rate on this game was 41 cents which would equal a theoretical payback percentage of93.03% which, again, was higher than the 91.33% figure for the same machine in Hollywood.

Then, on the last dollar machine I played, Spin & Win Instant Spin, the results were slightly worse. That machine gave 56 cents in comps, which would correspond to a theoretical return of90.48%, versus the same machine in Hollywood which came in at 92.01%

So, interestingly, the theoretical payback percentages for the first eight slot machines in Tampa were either equal to, or better than, the same machines in Hollywood. This was very surprisingas I thought they would be lower at the Tampa casino because they had no direct competition.

But what about all those player reviews complaining that the slots in Tampa paid less than the slots in Hollywood? Well, my research showed that the machines were set to pay back at about thesame rate in both places. However, there didn’t seem to be quite as many penny machines in Tampa, most of them were 2-cents and higher, and this could offer an explanation.

Penny machines are the most common denomination found in U.S. casinos. For example, at the two Indian casinos in Connecticut, Foxwoods and Mohegan Sun, penny machines make up about 60% of allthe slots on the floor. While I didn’t take an inventory of all the machines in Tampa I was struck by the fact that penny machines were not in abundance. Since the Tampa casino has nocompetition, it could be that they were forcing players to make a higher average bet simply by having fewer penny machines available. If so, a higher average bet would result in players losingtheir money faster, thus explaining the sour sentiments of some players. Keep in mind that the Hollywood casino would not be able to easily do the same thing because of competition from othercasinos. If a player in Hollywood didn’t think there were enough penny games available they could just go to a different casino. A player in Tampa would not have that option.

Now, looking back, it is true that one slot machine in Tampa did come in with a lower theoretical rate, but that could have simply been a mistake. Keep in mind that the casino knows what thechip in each machine is set to pay back to the public on a long-term basis and, in turn, they will set the player’s club comp rate to approximate that number. Sometimes mistakes are made andthe rate could be set too high, or too low. That could be what happened here, or perhaps it was intentional and there was a specific reason for that particular setting.

In conclusion, I hope that everyone reading this report understands that it is not a complete analysis of all machines at either casino. To undertake such a project would have required a hugeamount of manpower, plus a rather large bankroll to withstand the gambling losses that would be expected.

I am just one person who set out to investigate this subject as it is my area of expertise. I have been writing about payback percentages at casinos for more than 25 years and I believe that mywork is accurate. Should anyone from Seminole casino operations want to present any further information on this subject I would welcome hearing from them. I would be also be glad to print anyrebuttal that they might want to send to me concerning this article.

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Did you know that every casino game has a built-in advantage that favours the house? Although the size of this edge varies depending on what game you play, it allows the casino to stay in business and profit. Be that as it may, casino patrons just like you manage to win all the time. The secret is to choose games that give you the best chance of winning and understand that this house edge is only true over time. Keep reading and you’ll learn everything you need to know about payout percentages, RTP, and the house edge.

How Casino Games Work

When you play games of chance at a casino, the outcome is entirely random. It doesn’t make a difference if your game involves dice, cards, reels, balls, or a wheel, luck is irrelevant. Whether you win or lose comes down to sheer probability. At a live casino, chance is for the most part dependent on the laws of physics. Yet when you play on the internet, the shuffle of the deck, roll of the dice, spin of the roulette wheel, and other similar events are simulated by RNGs or random number generators, which are fancy computer algorithms that ensure you have a fair shot at winning. Interestingly enough, live casinos use RNGs on all their fruit machines, video poker terminals, and electronic games like touchscreen roulette.

No matter where you play, the rules of every casino game are set up to give the house a slight advantage. Take the game of roulette, which most people know how to play. If you place a series of bets on red, which pays even money, you would expect to win roughly half the time. Of course, the roulette wheel features 18 red numbers and 18 black numbers, but also 0 which is green. Even though there is a 48.65% chance that the wheel will land on red, that’s less than 50%. In fact, there is a 2.7% chance that the ball will land on green, which corresponds to the house edge or casino advantage. It’s important to understand that there is nothing unscrupulous about the casino’s statistical upper hand. As you’ll soon see, the beauty of games of chance is that, statistically speaking, anything can happen.

Making Sense of RTP and Payout Percentages

Payout percentages aren’t hard to grasp. They’re simply a measure of how much players can expect to win on average. To put it another way, payout percentages tell you the proportion of money bet by players that the casino will payout in winnings. Payout percentages are often called return to player percentages or RTP %. If a game has a payout percentage or RTP of 97% then the casino will pay out £97 for every £100 wagered on average. Be that as it may, you should not expect the RTP to be indicative of your individual or collective playing sessions. It’s critical that you understand the payout percentage is measured over time and not your time alone. Depending on the title, it could take 10,000 to 10,0000 games and sometimes more for the RTP to be as advertised.

When comparing RTP and payout percentages, the figure can be a little misleading as it doesn’t reflect the frequency of wins. Games like European roulette have the same house edge across each bet, but it’s easier to win even money bets than single number bets, which pay 35 to 1. In the case of slot machines, you’ll find games that yield lots of small wins and other games that offer large jackpots but pay out infrequently, yet they could easily have the same RTP % since it’s merely an average.

You can improve your overall odds by playing games with the highest RTP or payout percentage.

When you choose a casino or gaming establishment that’s licensed by the UK Gambling Commission, you can play with full confidence. Not only are the games, software, and random number generators tested regularly by third party auditors, but the results of these tests are published and available to the public. The United Kingdom Gambling Commission licenses and regulates both offline and online casinos.

Getting to Know Variance

As we mentioned, posted payout percentages are true over the long haul. Yet over the short term there is plenty of variance, which is a term statisticians use to describe how far random outcomes are spread out from the expected average. It’s variance that makes casino games worth playing. Thanks to variance, it’s possible to gamble £1 and win a £100,000 fruit machine jackpot. Yet at the same time, you can throw £20 on black at the roulette table five times in a row and lose every time.

Given variance in every casino game, it’s important to manage your bankroll effectively. Even when you’re betting on seemingly sure things, you can lose. By making bets that are in line with your budget, you can keep playing longer. When you aren’t reduced to sitting on the sidelines, you’ll have more opportunities to bet and potentially hit a jackpot.

Although casinos hold the upper hand, it’s possible to win big thanks to variance.

Maximising Your Returns

If you’re hoping to make the most of every casino visit, you’ll want to pay attention to the RTP. When playing games of chance, choosing the game with the highest RTP or lowest house edge will improve your odds of winning.

Although RTP percentages are independently verified, it is possible to get even more out of your games. When you take advantage of welcome bonuses, free spins, regular promotions, and loyalty programmes, you can improve your overall bottom line.

RTP Laws in the UK

Although some jurisdictions like the American State of Nevada have legally-mandated minimums for RTP percentages, there is no such requirement in the United Kingdom. The UK Gambling Commission does require RTP percentage to be posted. When playing at a live casino, you’ll typically find this information conveniently displayed on the machine.

Online casino players will find the RTP in either the help section or within the game instructions. The best and most transparent internet gambling sites also make a habit of displaying the RTP for every game on offer in a single chart on their website. This is particularly useful for players who want to improve their odds of winning without performing much research or expending any effort.

Although many table games do have standard payout percentages, there may be slight differences due to house rules. In addition, you shouldn’t automatically assume that a particular slot will have the same RTP at every casino. Software developers often let sites adjust the RTP to some degree. It’s always smart to read the fine print before playing.

• Aces and Faces Video Poker 99.26%
• American Roulette 94.74%
• European Roulette 97.30%
• French Roulette 98.65%
• Baccarat 98.99%
• Blackjack 99.54%
• Craps 98.64%
• Game of Thrones Slots 94.86%
• Jacks or Better Video Poker 99.54%/li>
• Jurassic Park Slots 96.67%
• Mega Moolah Slots 88.12%
• Sic Bo 97.22%
• Three Card Poker 98.24%

Frequently Asked Questions about Payout Percentages

How does a slot machine really work?

Although early slot machines relied on a lever to thrust a series of reels into motion, today’s offline and online slots rely on RNGs or random number generators. RNGs are special computer algorithms that ensure that the reels stop in a random position. Just like all casino games, slots have a built-in house edge, which means that over time slots pay out less money than they take in.

How much do slot machines make?

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The amount of money that slots make varies widely, but overall they make more money for the casino than other games. You can find slot machines that give the casino a 20% profit margin as well as games that yield the house as little as 2% and occasionally even less. Fortunately for players, this information is publicized, which makes it easy to choose games that give you the best chance of winning. Overall, slots offer worse returns than other casino games, but they require no skill whatsoever to play.

What is the return to player in an online casino?

The return to player or RTP percentage tells you how often players win overall. For example, if a game has a 94% RTP, then the casino will pay out £94 to players for every £100 gambled. Keep in mind that RTP is only true in the long run over periods of weeks, months, and sometimes years. Your short term and long term experience may differ significantly since games of chance are random and subject to variance.

What is a house edge?

The house edge is the advantage that’s built into every casino game. The figure also reveals the average profit for a given game. For example, European roulette has a 2.70% house edge. Over time, the casino can expect to keep £2.70 for every £100 that players wager. Although the house advantage is mathematically true over time, your individual experience will vary in all likelihood.

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