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by Steve Bourie

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%.

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%. Free daily spins coin. 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.

The highest payout slots that you can find online should loom large in your search for the best online gambling selection. You should really be looking for high-quality slots if you plan on becoming a long-term online player. And you should develop the right tools to find these games when you need new online slots to play.

Online slots are growing in popularity, with gamblers understanding the convenience and fun of using their computers and smart devices. Just as casino gamblers look for the loosest (highest-paying) spots, so too do online gamblers look for the games that will pay them back the most.

This can be a difficult process at times. But making the effort to find the highest payout slots will pay off in the long run. That’s why you should find out how to do the research and what metrics can be used to find these beneficial online games.

In the following article, we’ll tell you what you need to know about the highest payout slots. We’ll show you what you should be looking for when you go to seek out the most lucrative slots. Then, we’ll answer all the most pressing questions about the search for high-paying online slots.

Understanding Slots Payback Percentage

The best way to spot the highest payout online slots is if you can find out what each game’s payback percentage is. You might also see payout percentage called return to player, or RTP. Those two terms are interchangeable.

Payback percentage is a calculation which shows how much of your payback will still be intact after playing a certain slot machine. It’s an average, which means it won’t necessarily predict your results in the short term, because luck will be a factor. But after playing a specific online slots game for a long period of time, your results should resemble what the payback percentage suggests.

How it Works

Imagine that you come upon an online slots game that has a payback percentage listed at 97%. And let’s say that you plan to bet $10,000 of your bankroll playing that game. At the end of that time, your bankroll could be expected to have $9,700 remaining (10,000 times .97).

That also means that you could be expected to suffer a $300 loss. Don’t be alarmed by this. The vast majority of casino and online gambling games possess a house edge, which means that the establishment offering the game has the advantage.

Ideally, you should try to find an online slots game with payback percentage as close as possible to 100%. Depending on where you search, online slots usually pay back between 90% and 99%.

Knowing About Online Slot Variance

The other thing you should consider when seeking out the highest payout slots is variance. Sometimes called volatility, variance measures the expected swings between wins and losses that you might experience when playing a certain online slots game. A high variance slots game can lead to big wins and severe losses all in the span of a single session.

If you’re playing a high-variance online slots game, you should try to put together a bankroll that is large enough to withstand any big slumps. Otherwise, you run the risk of losing your entire bankroll before your luck can turn and you get some of the big wins to approach the eventual payback percentage.

How to Find the Highest Payout Slots Online

Doing Your Research

There’s no quick fix for determining the payback percentage of a certain online slot on your own. While online slots machines do advertise what you can expect in terms of payback, there’s no way to know how often winning spins might appear. As such, you can’t look at a pay table and calculate payback percentage in the same way you could online video poker.

To find the highest payout slots, you simply have to do your research. That means scouring different websites to see if they possess information on high-paying slots. Then, you can compare one online slots game against another to make sure you’re getting the best possible payback from your game.

Resources to Use

When doing your research on the highest payout slots, it’s a good idea to find neutral sites to get the best information. By that, we mean sites which have no vested interest in publishing information that’s skewed towards a certain slots game or its manufacturer. They are simply publishing factual information to the benefit of online gamblers.

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The other way to ensure a great experience with online slots is to look at sites that rank the finest online casinos. It stands to reason that the best sites offer the highest-paying games.

Difficulty in Finding Information

As we said above, there’s no way to calculate on your own what the highest payout slots are based simply on pay table information. It all depends on how the software of the online slots game is set up in terms of the frequency of winning reel spins. And that means you have to depend on borrowed information, in a way.

Because websites can change the settings at their discretion, it can be difficult to tell if information about the highest payout slots is accurate, even if you’re getting it from a reliable source. The best you can do is try to cross-check sources as often as possible to see if there are any discrepancies. But you sometimes have to go into an online slots game realizing that you’ll be dealing with some unknowns.

Methods of Online Slots Improving Payback

Because of the nature of online slots, there’s no specific way to play the game in terms of spinning the reels that will improve your payback. Whether you win or lose each spin is completely based on luck. But there are certain tactics you can use in setting up your game to help ensure that the highest payout slots do indeed prove lucrative for you.

Adjusting Your Online Slots Bankroll

This is based on the variance of online slots games. You can’t expect to do much winning in online slots if you don’t provide yourself with enough of a bankroll to start. Otherwise, you could find yourself with zero coins before you even win.

It’s also important to be sensible about your online slots bankroll. You should only fund it with enough money that you would feel comfortable losing. If you find yourself constantly replenishing that bankroll, it could lead to financial problems.

Quitting When You’re Ahead

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This takes discipline, but it’s a great way to maximize the effect of the highest payout slots online. If you find yourself in a session, perhaps in a multiline slot game, where you jump out to a quick profit, you should consider shutting down your computer and quitting. Doing this will ensure that you don’t give the money that you’ve won back to the game.

Remember that the house edge will be in place for any online slots game that you play, even the highest payout slots. As such, you have to expect that any good luck you’re having will even out in time. That’s why pocketing your profits can be the best method of walking away from your online slots game in the black.

Taking Advantage of Online Slots Bonuses

This is something that novice players often overlook, but it’s a great way to embellish the payback of the highest payout online slots.

They might include deposits for initial bonuses, perks for playing often, or maybe free spins when you reload your gambling account.

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Anything that you get from a gambling website for free will boost your payback. You just have to make sure to understand any restrictions in place with these bonuses. Reliable online casinos will be upfront about the perks you’re eligible to receive for any slots game you might play at their site.

Highest Payout Slots FAQ

• Will the Highest Payout Slots That I Can Find Online Guarantee Me a Long-Term Profit?

  It would be difficult to expect a profit from playing even the most lucrative online slots. Ideally, you can find ones that have payback percentages that come in above 99%. With a house edge that low, you might have a shot to make a long-term profit when you also factor in potential perks from gambling websites.

  In reality, however, it might be difficult for all of these factors to fall into place. With online slots, you should think in terms of scoring potential short-term significant payouts and taking profit when and where you can. It’s unlikely to play even the highest payout slots and come out as a long-term winner.

• If Slots Are All Luck, How Can Online Slots Offer More Payback Than Another?

  The pay tables, which show how much you can win for any given combination, are different for each game. That will affect the payback percentage. You’ll see many different pay table structures as you search for different online slots games.

  In addition, how the different gambling websites set up the reels will affect payback. Some games might be set to be “tight,” which means they won’t offer many different spins. As we said above, this is the unknown factor in trying to find the highest payout slots.

• What Do Online Slots Pay Back Compared to Other Online Casino Games?

  In the grand scheme of online gambling, slots do not pay back very well. For example, video poker, which is another one-person game, offers many games with payback over 99%, a threshold rarely reached by online slots games. And standard blackjack usually comes in with a very low house edge as well.

  In terms of online slots, the real lure to them is the chance to win big in a hurry. Those other games are more of a grind, for the most part, requiring you to play for a long time to win a lot of money. With online slots, one spin can earn you a giant score.

Conclusion on High Paying Online Slots

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We hope that you have all the information you need to find the highest payout slots for online play. Understanding how to conduct this search will really make a difference in your online slots results.