I read on another Vegas Board recently that the house edge on penny slots was 12.5%,$1 slots the edge is 6.6% and on $25 slots it comes right down to 3%.
First time I had seen this-normally you see printed the average slot house edge for the Strip,Downtown etc,which usually is around the 8/9% average mark (lower for Downtown).
So there I am this last May,quite happily putting my money in the penny slots (I know it's a leak-I go to Vegas to play poker but all gamblers have a weakness),thinking I am getting a 92% return when in fact it is 87.5%.Big difference,even on a dumb bet.
Added to this,I now find out from this board that Mlife points accrue at a lower rate for the themed penny slots I was enjoying playing-Star Wars,Airplane,Dean Martin etc due to licensing fees.
So makes them even worse value it appears.
So-are these percentages correct do you know?
Can you play penny themed slots at a higher denomination eg can you find $1 Hangover slots? Not talking about increasing the bet on a penny slot to $3 or the like as I know you can-but actually a different denomination.For example,do you see these themed video slots in the high stakes room?
If you do play a penny slot at max bet,is the house edge reduced from when you play at minimum bet ?
I am booked for Aria for a week next year,expect to end up putting around $3k to $4k coin in per day,so want to keep the house edge down as much as possible.I would be happy to play $5 slots if it kept the edge down to say 5/6%,but I thought they were all the older non video/themed slots.