Remember the movie National Lampoon’s Vegas Vacation, when gambling fever consumes Chevy Chase’s character, Clark W. Griswold? He goes on a losing streak to beat all losing streaks while his son, Rusty, wins four cars by playing the slot machines. Maybe Clark would have done better if he had read Probability For Dummies! In this article, you discover the basic ideas behind slot machines and how they work, so that you can get past the myths and develop a strategy based on sound probability.

Choose games that have the best odds. In nearly every Vegas casino game, the house has the edge - but the edge varies by game, so it’s important to choose the right games to increase your chances of winning. Limit your time at slots and roulette, which have the worst odds, and try your luck at blackjack, craps, baccarat, or poker. Your odds of winning are better than this, as you can hit five bells, five whistles or five of any other set of symbols, so on this machine your odds of any set of five are actually 5 x 0.032%, or 0.16%.

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Understanding average payout

When casinos advertise that their slot machines pay out an average of 90 percent, the fine print they don’t want you to read says that you lose 10 cents from each dollar you put into the machines in the long term. (In probability terms, this advertisement means that your expected winnings are minus 10 cents on every dollar you spend every time the money goes through the machines.)

Suppose you start with $100 and bet a dollar at a time, for example. After inserting all $100 into the slot, 100 pulls later you’ll end up on average with $90, because you lose 10 percent of your money. If you run the $90 back through the machine, you’ll end up with 90 percent of it back, which is 0.90 x 90 = $81. If you run that amount through in 81 pulls, you’ll have $72.90 afterward (0.90 x 81 = 72.90). If you keep going for 44 rounds, on average, the money will be gone, unless you have the luck of Rusty Griswold!

How many pulls on the machine does your $100 give you at this rate? Each time you have less money to run through the machine, so you have fewer pulls left. If you insert $1 at a time, you can expect 972 total pulls in the long term with these average payouts (that’s the total pulls in 44 rounds). But keep in mind that casinos are designing slot machines to go faster and faster between spins. Some are even doing away with the handles and tokens by using digital readouts on gaming cards that you put into the machines. The faster machines can play up to 25 spins per hour, and 972 spins divided by 25 spins per minute is 38.88 minutes. You don’t have a very long time to enjoy your $100 before it’s gone!

The worst part? Casinos often advertise that their “average payouts” are even as high as 95 percent. But beware: That number applies only to certain machines, and the casinos don’t rush to tell you which ones. You really need to read or ask about the fine print before playing. You can also try to check the information on the machine to see if it lists its payouts. (Don’t expect this information to be front and center.)

Implementing a simple strategy for slots

Advice varies regarding whether you should play nickel, quarter, or dollar slot machines and whether you should max out the number of coins you bet or not (you usually get to choose between one and five coins to bet on a standard slot machine). In this section, you’ll find a few tips for getting the most bang for your buck (or nickel) when playing slot machines.

Basically, when it comes to slot machines, strategy boils down to this: Know the rules, your probability of winning, and the expected payouts; dispel any myths; and quit while you’re ahead. If you win $100, cash out $50 and play with the rest, for example. After you lose a certain amount (determined by you in advance), don’t hesitate to quit. Go to the all-you-can-eat buffet and try your luck with the casino food; odds are it’s pretty good!

Choosing among nickel, quarter, and dollar machines

The machines that have the higher denominations usually give the best payouts. So, between the nickel and quarter slots, for example, the quarter slots generally give better payouts. However, you run the risk of getting in way over your head in a hurry, so don’t bet more than you can afford to lose. The bottom line: Always choose a level that you have fun playing at and that allows you to play for your full set time limit.

Deciding how many coins to play at a time

When deciding on the number of coins you should play per spin, keep in mind that more is sometimes better. If the slot machine gives you more than two times the payout when you put in two times the number of coins, for example, you should max it out instead of playing single coins because you increase your chances of winning a bigger pot, and the expected value is higher. If the machine just gives you k times the payout for k coins, it doesn’t matter if you use the maximum number of coins. You may as well play one at a time until you can make some money and leave so your money lasts a little longer.

For example, say a quarter machine pays 10 credits for the outcome 777 when you play only a single quarter, but if you play two quarters, it gives you 25 credits for the same outcome. And if you play the maximum number of quarters (say, four), a 777 results in 1,000 credits. You can see that playing four quarters at a time gives you a better chance of winning a bigger pot in the long run (if you win, that is) compared to playing a single quarter at a time for four consecutive tries.

The latest slot machine sweeping the nation is the so-called “penny slot machine.” Although it professes to require only a penny for a spin, you get this rate only if you want to bet one penny at a time. The machines entice you to bet way more than one penny at a time; in fact, on some machines, you can bet more than 1,000 coins (called lines) on each spin — $10 a shot here, folks. Because these machines take any denomination of paper bill, as well as credit cards, your money can go faster on penny machines than on dollar machines because you can quickly lose track of your spendings. Pinching pennies may not be worth it after all!

Everyone appreciates an occasional visit to the beach where the blue skies meet the vast deep seas. Maracaibo, the 2nd largest city in Venezuela, is a tourist destination that is just the perfect getaway for a holiday. This slot is themed off the beach life of Maracaibo. The provider, World Match wanted to bring the holiday experience to you so you can get away every once in awhile and enjoy a feeling of the South American country without having to leave your living room. Best part, you can win some money in the process.

Playing Maracaibo Slots

Maracaibo is a 5 reel video slot displayed across three rows. The online slot has 25 paylines that are adjustable meaning that you can use to play with only one payline, 5, 10, 15 and the 25 of them. It has symbols that are associated with both the beach and the South American heritage. The symbols include flip flops, parrots, white seagull, cocktail in coconut, flowers, and sunbeams. These symbols all award different values if you can be able to match between 3 to 5 of them from left to right along an active payline. Besides these symbols are the common card number symbols whose values are quite negligible in comparison to these others.

Increase your Chances of Winning

When you play the Maracaibo slot machine online , you will come across bonus features that will both increase your chances of winning some games and increase the excitement you will receive from playing this game. The Maracaibo casino slot has:

• The Wild symbol represented by the palm trees with coconut. This symbol will help complete the open symbol combinations to help increase the winning combinations.
• The white seagull is the scatter symbol. 3 or more of these will award you with 10 free spins.
• This slot also has some bonus games. The bonus game is activated when 3 female islanders show up on your gaming machine. During the bonus game, three islands of coconut, crab, and shells will appear. There will be six objects on these 3 islands and you will be required to pick one. The one you settle on will have an amount which is what you will be rewarded with.
• The bonus game triggers a 2x multiplier for every game won during the bonus round.

To enjoy these benefits, you will have to play Maracaibo for real money at your preferred casino. The great thing is that this is an instant slot and you will not need to download it in order to enjoy your game.

Stakes, Rewards, and Jackpots

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Place bets starting from as little as ￡0.01 to ￡1 per line. The highest amount you can bet is ￡25. These bets will give you an opportunity to win up to 2500x, the slot’s jackpot which is represented by the parrot symbol. The RTP is 94.43%.

Maracaibo just goes to add to the long list of online slots whose themes have been picked from the beach setting. The game is, well, average and offer no unforgettable experience. The payout is also quite low compared to other slots. The best bit, however, is the bonus game, and the fact that you can win up to 100 free spins during a single session of the game. So, how do you fancy a trip down south for some sun?