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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.

Slot machines come in different denominations, like penny slots, 5-cent slots, dollar slots, etc. Dollar slots have bigger payouts, but more risk and you might hit your loss limit faster. Penny slots won’t bankrupt you, but you won’t win big, either. However, you can spend a lot of entertaining time playing. The largest ever payout on a slot machine came back on March 21, 2003, when a 25-year-old engineer from Los Angeles triggered a jackpot worth $39,710,826 on the Megabucks slot at the Excalibur casino.

1. Find out what slot machines actually returned to the public in all U.S. See which states have the best-paying casino slot games and which have the lowest-paying casino slots. Includes slot machine payback statistics for all U.S. Casino/resorts, riverboats and Indian casinos.
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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%. 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.

Have you found yourself struggling to understand the different mechanisms of gaming machines in an attempt to figure out how to beat slot machine technology? We get it! There are so many bits of advice and opinions out there contradicting each other, and it can get confusing – who to trust, what to believe? Which tips and tricks will work?

You might hear people say that slots are the easiest out of all the game options available at casinos today, but we would argue that that’s not entirely true. Sure – they are without a doubt among the most straightforward games to pick up – a few clicks of a button, followed by several more, and you’ve got it down, more or less. Simple. However, that’s pretty much where the simple part ends because when it comes to easy games, understanding and working with the odds become much more complicated.

We hate to say it, but slot machine odds are no exception: unfortunately, the house edge is higher than it is for most other games. Plus, slots players are gambling solo. When there are no opponents making decisions or other factors that force players to wait for their turn or take their time making decisions, it means that they can set their own pace and that usually translates into a steady blur that would make even Speedy Gonzales proud. If we’re talking strategies here, rushing through might not be the best way to start.

Figure out how to play

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Here’s the first step. Learn how to play slot machine games with the basics. It takes virtually no time to figure out the controls of the game – bet amount adjustment arrows, number of lines, spin, autoplay; they’re all overwhelmingly effortless to master. But what about game features? There are a lot of different types of games with varying winning paylines, prizes, and bonus features, so you should get familiar with how the rules affect your chances of winning.

One way to do this is to test out many games in the Free Play mode. Refrain from betting immediately because it’s a good idea to get a feel for a particular game before you do. You’ll have fun while also seeing how that individual game works. There are differences like graphics that don’t play a role in your winnings, but then there are more significant details like how frequently bonuses occur or how much your winnings are multiplied when certain features are triggered. These differences can significantly impact the outcome of your playing session.

Understand payouts

If you care about winning money, you will also need to study how slot machine payouts are determined. This is one of the key elements that will determine your success. Each slot machine has a specific payback percentage – that’s an important thing to take note of because it means there is a predetermined percentage of the total amount wagered by players that get paid back to them.

The minimum percentage is usually 82%, but a solid payback percentage is somewhere between 92% and 98%. Keep in mind that slot machines with higher bet denominations typically also come with higher percentages for payouts.

Choose the right machine for you

If you’re asking yourself how to win at a slot machine repeatedly and without success, it’s time to rethink the games you’re choosing. Slots may be a random game with less than ideal odds, but that means that your choice of which game to play is key.

There are different kinds of gamblers – there are so many games and even variations of the same games out there, and the ones that people find themselves drawn to are reflective of their personalities, habits, and preferences. While we would love to give you a straightforward explanation of how to pick a winning slot machine, it just doesn’t exist. You need to know what you want out of the experience and what, practically speaking, is feasible for you.

Here are some guidelines. You have to take into account how much you can afford, how high your tolerance for risk is, and your general playing history. Ask yourself – when have you gotten the most enjoyment out of the game? Do you find satisfaction when you play conservatively to maximize play time? Or do you prefer to play in short, quick bursts with just a little recklessness thrown in there?

Here’s another example – as a general rule, the simpler the slot machine, the higher the payback percentage. That also means that more appealing games with flashier graphics will have worse odds. Games with progressive jackpots have impressive top prizes but lower odds of winning. So, which types interest you more? Also, keep in mind that if you want to have a shot at winning big, you have to be okay with the possibility of losing. The highest paying slot machines are going to be risky. Which brings us to our next point about momentum.

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Know yourself

You’re not playing to find the quickest way to lose all of your money at a casino… Unless, for some reason you are – in which case, you probably don’t need any of these tips or tricks for improvement. If you have a substantial bankroll and prefer to play mindlessly to unwind, then, by all means, do so.

However, if you’re not a player with an unlimited bankroll, it’s all the more important that you have a solid understanding of yourself as a gambler. How do you handle risk? Each individual has his or her unique tendencies, and you need to develop and utilize strategies to keep you in control and having as much fun as possible – whether that means a session that’s as long as possible or as exciting as possible. Don’t let nerves or frustration lead to stupid, impulsive decisions. If you realize that certain situations lead to a decrease in sound judgment, learn to avoid them, just as people learn to do in any activity.

Stay relatively sober, literally, and figuratively. Of course – you need to let loose and have fun, but never to the degree that you can’t recover from. Be cool and clear-headed, and you’ll get the most out of your slots-playing experience – we guarantee it.

Set strict spending limits

This is a continuation of our previous point – what exactly do we mean when we say avoid stupid decisions? Many tips and tricks vary from source to source. This one definitely does not. No matter where you go or who you ask, the advice when it comes to spending will ALWAYS be the same: plan your bankroll carefully and stick to the plan.

Don’t even think about starting your session without having a set of guidelines for how much you are comfortable spending. Never go beyond what you can afford to lose – in fact, you should think of the specific amount for your budget and keep it in the back of your mind at all times.

While it often makes sense to play with the highest denominations, you can only do this safely if it’s within your bankroll. Don’t allow it to get in the way of your enjoyment, of course, but do train yourself to be mindful.

Think about it in the same way as normal, regularly occurring expenses that require budgeting. If you’re playing at a land-based casino, leave your debit card in your hotel room. Withdraw the specific amount that you’ve decided on, and exchange that amount of cash for chips. When you’re done, you’re done.

Or, make a rule for yourself about how much you want to win or lose before you stop playing for the night. If you’re playing online, ask a trusted friend to check in about how much you plan to spend and whether you stick to the plan or not. Gambling addiction is a very real, very serious problem. It’s an enjoyable and rewarding hobby, so you shouldn’t let the game take control of you.

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Sign up for bonuses

Don’t underestimate the importance of bonuses. Look out for promotions and perks at your favorite real money online casinos. Casinos know that they need to keep things fresh and dynamic for their customers. They want to keep their players engaged in their experience so that they come back for more. Your loyalty means a lot to them, and they’re always looking for new rewards and bonuses to make it worth your while.

You can also find the holy grail of slot game bonuses if you dig deep enough. Sometimes an online casino offers free spins with no deposit. This is the ultimate bonus, one where you don’t have to risk any money to play. Also, check out the online casino VIP membership programs available to you. These programs offer some substantial benefits that dramatically enhance your enjoyment and potential winnings, so take advantage of the options available to you!

Accept the game for what it is

There are multiple sources out there saying that slots are often thought of as simply a way to lose money. And yet, it’s still one of the most popular games out there. Why? Because it’s just fun – it’s visually appealing, and the outcome of each spin is a mystery you’re waiting to uncover. Slots have been around for a long time, and if you love to play, then you need to be able to accept the game for what it is. The house advantage is something you just need to recognize as the price for playing something that brings you happiness and excitement.

How do you improve at playing slots?

Practice often, develop an understanding of the game, decide what you want out of it, play the game responsibly, and accept it for what it is. The odds can be difficult to beat, so look out for ideal payouts and bonuses to enhance your play.

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