14 Dec

The Curious Curse of Nickel Slots at Canada Casinos

Why nickel slot machines are worse than penny slots at live casinos.

Why Nickel Slot Machines are Worse than Penny Slots at Live CasinosThroughout the last many decades, it’s been universally accepted that penny slots are the worst game to play at any casino, bar none. Their payouts are pathetic. The loss rate is abysmal. Spin after spin, players wile away the hours, losing smaller but consistent amounts of money on these games.

Since its inception in 2012, LeoVegas has been recognized several times for innovation in the gaming industry. With no less than 15 awards, it has established itself as the hub of real money gaming entertainment in Canada.

Since then LeoVegas has expanded its portfolio of offerings, the most notable addition being a high-end "live dealer casino". To accomplish this feat, LeoVegas invested in state of the art technology, including real time camera systems coupled with top of the line security systems to mimick the brick and mortar casino feel online; and with the most attractive dealers you have ever seen.

LeoVegas covers the entire pantheon of classical games from slots, table games like blackjack, video poker, progressive slots, scratch cards, to casual games. The games are powered by Playson, slick and easy to use software, which offers the whole gamut of a premium gambling experience.

Recommended by Editorial Team for 2020

The casinos have accepted that their players know this, mostly because they know many of their low-budget players will keep dropping pennies in them anyway. What they don’t want everyone else to know is that the nickel slots are actually worse.

Casinos need the majority of their slots players to think that nickel slots are the better choice. They’re the next level up in terms of price range, so players will think they’re still cheap. And their odds are marginally better than penny slots. Anything better is still better, right? Not when you do the math…

Nickel Slot Machines Worse than Penny Slots

The big problem with nickel slots is that those five-cent coins add up a lot quicker than most people realize. At a penny, a 20-line slot will only cost $0.20 to play at full lines. At a nickel, however, activating 20 pay lines means putting $1 in the machine per spin. And what happens when you bet max coins on top of that?

Most cheap pay-line slot machines offer a coin range of 1-5. Betting the max 5 coins on a 20-line nickel slot adds up to a whopping $5 per play! Most of your slots fans aren’t going to be gullible enough to drop $5 per play into the machine, but you’d be surprised how many will play for at least $1 per spin. And since a player can easily spin the reels 6-10 times per minutes, that’s $6-$10 per minute they’re wagering. Over the course of an hour, that’s $360 to $600 per hour!

Now, let’s factor in that terrible house edge. Most nickel slots in land-based casinos are going to carry a theoretical return to player (RTP) of about 88%. Comparatively speaking, you can expect an 85% RTP on penny slots, so yes, it is better in that regard—and that regard only. At $360 to $600 per hour, that’s an average loss of $43.20 to $72.

Average Cost of 85% RTP Penny Slot Machines

Compare that to a 20-line penny slot, with 85% RTP, played at $0.20 per spin. Grab your calculators—that comes to $1.20 to $2.00 per minute, or $72 to $120 per hour in wagers, and $10.80 to $18.00 in losses per hour.

I don’t know about you, but I’d much rather play penny slot machine and lose $18/hour than play nickel slots, dropping up to $72/hr into the casino’s coffers. Or, make the smarter move and avoid land-based casino slots altogether. You’d get a much better rate playing online casino slots.

Internet casinos pay a fraction of the overhead expenses of their physical counterparts. They’re able to pass that savings on to customers. Why would they do that, you ask? Instead of greedily keeping it all or themselves, they offer better payouts because they have thousands of rival websites to compete with. Maintaining a strong player bases means setting the RTPs much higher, averaging 96%, even on penny and nickel slots.

#1 Canadian-Friendly Casino for 2020

Royal Vegas is our editorial pick for safe Canadian gaming. Currently offering a good range of Canadian deposit options, everything from prepaid gift cards, to eCheck, instadebit and visa/mastercard. That, and a world-class gaming experience, with countless table games, strong variety, and even live dealers. The brand has been in the business for a decade long.

Visit http://RoyalVegas.com