Most Profitable Slot Machines
The gaming industry is big business in the U.S., contributing an estimated US$240 billion to the economy each year, while generating $38 billion in tax revenues and supporting 17 million jobs.
What people may not realize is that slot machines, video poker machines and other electronic gaming devices make up the bulk of all that economic activity. At casinos in Iowa and South Dakota, for example, such devices have contributed up to 89 percent of annual gaming revenue.
Spinning-reel slots in particular are profit juggernauts for most casinos, outperforming table games like blackjack, video poker machines and other forms of gambling.
However, slot machines do have greater payout rates as compared to a lot of table games. Mega Joker slot has house edge of 1%, and the house edge for other slots could go up to five percent. You can actually win millions if you master this game. These casinos in Las Vegas fill their halls with slot machines because not only are they the easiest but also the most profitable. Here are the best slot machines in Las Vegas to look out for: Wheel of Fortune. The Wheel of Fortune slot machine is the top choice among hundreds of people on the North Strip. MAXIMIZING SLOT PAYOUTS. Slot machines are not games of strategy. Live casinos and online casinos offer them as games of pure chance. Only rarely does skill come into play, although skill-based slots loom as a coming attraction.On most slot games, there’s nothing you can do to change the outcome.
What about slot machines makes them such reliable money makers? In part, it has something to do with casinos’ ability to hide their true price from even the savviest of gamblers.
The price of a slot
An important economic theory holds that when the price of something goes up, demand for it tends to fall.
But that depends on price transparency, which exists for most of the day-to-day purchases we make. That is, other than visits to the doctor’s office and possibly the auto mechanic, we know the price of most products and services before we decide to pay for them.
Slots may be even worse than the doctor’s office, in that most of us will never know the true price of our wagers. Which means the law of supply and demand breaks down.
Casino operators usually think of price in terms of what is known as the average or expected house advantage on each bet placed by players. Basically, it’s the long-term edge that is built into the game. For an individual player, his or her limited interaction with the game will result in a “price” that looks a lot different.
For example, consider a game with a 10 percent house advantage – which is fairly typical. This means that over the long run, the game will return 10 percent of all wagers it accepts to the casino that owns it. So if it accepts $1 million in wagers over 2 million spins, it would be expected to pay out $900,000, resulting in a casino gain of $100,000. Thus from the management’s perspective, the “price” it charges is the 10 percent it expects to collect from gamblers over time.
Individual players, however, will likely define price as the cost of the spin. For example, if a player bets $1, spins the reels and receives no payout, that’ll be the price – not 10 cents.
So who is correct? Both, in a way. While the game has certainly collected $1 from the player, management knows that eventually 90 cents of that will be dispensed to other players.
A player could never know this, however, given he will only be playing for an hour or two, during which he may hope a large payout will make up for his many losses and then some. And at this rate of play it could take years of playing a single slot machine for the casino’s long-term advantage to become evident.
Short-term vs. long-term
This difference in price perspective is rooted in the gap between the short-term view of the players and the long-term view of management. This is one of the lessons I’ve learned in my more than three decades in the gambling industry analyzing the performance of casino games and as a researcher studying them.
Let’s consider George, who just got his paycheck and heads to the casino with $80 to spend over an hour on a Tuesday night. There are basically three outcomes: He loses everything, hits a considerable jackpot and wins big, or makes or loses a little but manages to walk away before the odds turn decidedly against him.
Of course, the first outcome is far more common than the other two – it has to be for the casino to maintain its house advantage. The funds to pay big jackpots come from frequent losers (who get wiped out). Without all these losers, there can be no big winners – which is why so many people play in the first place.
Specifically, the sum of all the individual losses is used to fund the big jackpots. Therefore, to provide enticing jackpots, many players must lose all of their Tuesday night bankroll.
What is less obvious to many is that the long-term experience rarely occurs at the player level. That is, players rarely lose their $80 in a uniform manner (that is, a rate of 10 percent per spin). If this were the typical slot experience, it would be predictably disappointing. But it would make it very easy for a player to identify the price he’s paying.
Raising the price
Ultimately, the casino is selling excitement, which is comprised of hope and variance. Even though a slot may have a modest house advantage from management’s perspective, such as 4 percent, it can and often does win all of George’s Tuesday night bankroll in short order.
This is primarily due to the variance in the slot machine’s pay table – which lists all the winning symbol combinations and the number of credits awarded for each one. While the pay table is visible to the player, the probability of producing each winning symbol combination remains hidden. Of course, these probabilities are a critical determinant of the house advantage – that is, the long-term price of the wager.
This rare ability to hide the price of a good or service offers an opportunity for casino management to raise the price without notifying the players – if they can get away with it.
Casino managers are under tremendous pressure to maximize their all-important slot revenue, but they do not want to kill the golden goose by raising the “price” too much. If players are able to detect these concealed price increases simply by playing the games, then they may choose to play at another casino.
This terrifies casino operators, as it is difficult and expensive to recover from perceptions of a high-priced slot product.
Getting away with it
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Consequently, many operators resist increasing the house advantages of their slot machines, believing that players can detect these price shocks.
Our new research, however, has found that increases in the casino advantage have produced significant gains in revenue with no signs of detection even by savvy players. In multiple comparisons of two otherwise identical reel games, the high-priced games produced significantly greater revenue for the casino. These findings were confirmed in a second study.
Further analysis revealed no evidence of play migration from the high-priced games, despite the fact their low-priced counterparts were located a mere 3 feet away.
Importantly, these results occurred in spite of the egregious economic disincentive to play the high-priced games. That is, the visible pay tables were identical on both the high- and low-priced games, within each of the two-game pairings. The only difference was the concealed probabilities of each payout.
Armed with this knowledge, management may be more willing to increase prices. And for price-sensitive gamblers, reel slot machines may become something to avoid.
Themed as a classic slot machine but with shades of modernity, Mega Joker has quickly become NetEnt’s most profitable online slot. It comes packed with a ton of features that aim to keep things simple but without having players forget how truly profitable these games can be.
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Among the best features of the game, you can find a progressive jackpot, the Supermeter Bonus Mode, and the Gamble Mode, all of which differ from the norm and break tradition to introduce players to a world of rewards never seen before.
The game’s crazy high RTP has put it in the eyes of the public, and we’re here to tell you all there is to know about Mega Joker.
The Slot with 99% RTP
Depending on how much cash you decide to bet, Mega Joker could be one of the online slots with the highest RTP that you can play and profit from. The game will provide you with an RTP that ranges from 98% to 99%, reaching 99% whenever you place the largest bets that the game allows.
As such, one of the main reasons why this game hasn’t become as popular as other online slots like Starburst is because high rollers are the ones to benefit from it the most. If you’re a high roller looking to play the best slot games for you, then Mega Joker is one that we fully recommend.
Mega Joker Overview
The game has a few basic features that make it a top-notch title to enjoy, but let’s quickly take a look at the game in general before we move into telling you what there is to know about the title’s gameplay features.
Graphics and Layout
The layout of the game makes it very reminiscent of the old slot machines that we used to enjoy in land-based casinos back in the 90s and 2000s. Two sets of classic reels make their way to your screen, which will be able to be played depending on the type of results that you get with your reels.
You will find yourself spinning the upper reels until you go lucky enough to obtain the Super spins, which give you access to the bottom reels and thus the ability to win even more money with the same amount of cash. It’s a simple concept, but one that was used in slots for many a year. Mega Joker is a living statement of how popular they were.
Music and Sound
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We’d like to tell you that the game comes with great music, but that just wouldn’t be true. The gameplay makes it worth playing, as well as the title’s fantastic RTP, but the music of Mega Joker isn’t anything out of the ordinary.
The sounds, on the other hand, did make us like the game even more. They seemed extremely fitting for the type of slot that this is. It also makes it extremely satisfying to listen to the sounds and clicking buttons, which makes Mega Joker a relaxing slot even if you’re looking to play with large sums of money.
Basic Gameplay Aspects
Mega Joker is extremely easy to understand, which is why we recommend it so openly to all of our readers. All you really need to do is spin the reels (with as much money as possible) and hope for you to activate one of the bonus features or the fantastic progressive jackpot (which could go as high as €30,000 in some casinos!).
It’s a simple game that will make you look back at the days of simple slot machines and reminisce about them with a lot of joy. Symbols and everything related to the game are made to look like a classic slot machine, even though the title came out in 2013.
The Mega Joker Gameplay Features – Why the Game is SO Good
Mega Joker is a fantastic game that brings together the best aspects of online slots while keeping a traditional feel that makes it a world-class title to play and for everyone to enjoy. The combination of all of its features is what makes this game so good, as it would otherwise be nothing but a classic slot with a simple feel to it.
Let’s break down what makes this online slot one of the best ones that we have ever played:
Basic Symbols for a Traditional Slot Experience
As we’ve said, Mega Joker brings the most basic of symbols back into an iGaming world that seems to be saturated with new and confusing symbols in every single one of its newest games. If you’re a fan of keeping things traditional, we’re sure that you’re going to love this fantastic game. Fans of classic online slots will be able to tell how all of these symbols work.
All sorts of fruits and traditional slot symbols are present in this fantastic game. Play it and see how the game takes you into a world of rewards like no other casino game can do it!
Mega Joker Progressive Jackpot – Random Rewards Await
One of the main aspects of Mega Joker is that the game comes with a fantastic progressive jackpot that could let you earn up to €30,000, depending on how much money has been collected in the casino at which you’re playing. This progressive jackpot game is not global, which means that every casino that hosts Mega Joker collects money from their players in order to create the game’s jackpot.
With that said, the amount of cash that can be won with this slot game can be as high as €30,000 before the jackpot inevitably drops. LeoVegas is one of the best casinos to play the game, as many players visit the site and the title tends to have the jackpot built up to its maximum rather quickly.
Supermeter Bonus Mode
The Supermeter Bonus Mode is a special mode that enables itself whenever you land a special type of winning combination, which comprises different symbols shown on the game’s screen (at each side of the reels).
If you happen to enable the Supermeter Mode, you will have access to a special bonus feature that enables all paylines on the board and allows you to bet more cash than usual (twice as much!). If you happen to land a joker symbol with this mode activated, you can earn a massive reward worth up to 2,000 times the amount of cash that you’ve bet.
Gamble Mode
Do you remember those old slot machines where you could bet on the outcome of certain symbols on top of spinning the reel to see what you would get? If you do, then you’re going to love Mega Joker’s gambling mode, as it allows you to do exactly the same.
As one of the game’s main features, it allows you to multiply the amount of cash that you win in a single spin. It’s a very risky bet to place and one that further expands on the amount of cash that you’re already betting, but if you have the budget to manage it, then we fully recommend you to give it a go.
Mega RTP and Volatility
The game doesn’t offer a wild feature per se, as the title is made to look like a classic and traditional online slot. Back in the good old days of gambling, wilds didn’t’ exist – machines like this one didn’t have such an option. However, the game does come with one of the best RTP rates in the industry: a massive 99% RTP that allows you to make a profit more than any other game in the world.
The game’s RTP is high, but that doesn’t mean that you can expect to win small sums of cash in every round. On the contrary: Mega Joker has a massive level of volatility, which makes this game a title with very profitable winning rounds, even if they are few and far in between.
Can You Play Mega Joker on Mobile?
Mega Joker is one of the best online slots that you can play on any mobile device that you own. The game runs much better than we expected it to run on our mobile browsers – and we gave it a try on a smartphone that was released more than 5 years ago.
Mega Joker was released in an era where mobile casino games were just starting to come into prominence, but being developed by NetEnt, it comes as no surprise that the game works extremely well.
Where to Play Mega Joker? The Best Casinos with the Best Slot Bonuses
We know you’re more than eager to play one of the best slot games on the planet, but don’t just head to any casino to do it. We have made a compilation of the best online casinos where you can play Mega Joker so you can get a good experience and see what the fuzz is all about.
The best casino bonuses also await those who register in any of these sites, and you can bet that you can use that money to play Mega Joker for free. Granted, free spins will rarely be awarded in Mega Joker per se, but you can use them in any other game and then spend the bonus cash in this world-class online slot. It’s all up to you to decide what you do in one of the following world-class casinos:
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