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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).
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So the penny slots player is losing more on average per hour than the dollar slots player, even though she’s playing for lower stakes. Smart penny slots players pay attention to this sort of thing and don’t fall for the psychological tricks involved in penny games.
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I have read that dollar slots normally have about a 3% house edge, quarter slots about an 8% house edge and nickle slots about a 15% house edge. (Please correct me if these above numbers are wrong). What is the house edge for the high limit slots? Would the $25 machines, the $100 machines and the $500 machines have a smaller house edge?
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