Slots House Edge

[peel1]

Now i was looking at stake and realized that slots has been updated with  a new logo and the house edge has been displayed. It will have the highest house edge of almost 3%. How come? all the other ones have wayyy lower edge par roulette 

 

 

[CntryBoy]

I'm not sure how the house edge on slots would be calculated, but from my experience slots in general (online or in land based casinos) are mostly considered highly volatile.  So basically you will most likely experience many more losses than wins.  I am guessing this is probably why the house edge is higher than other games, but not sure how they settle on 3%.

[actmyname]

2 minutes ago, CntryBoy said:

I'm not sure how the house edge on slots would be calculated, but from my experience slots in general (online or in land based casinos) are mostly considered highly volatile.  So basically you will most likely experience many more losses than wins.  I am guessing this is probably why the house edge is higher than other games, but not sure how they settle on 3%.

Volatility has no effect on house edge.

Take a look at dice, for example. The house edge remains 1% despite how "rare" you make your wins. Whether you have a 50-50 chance of winning or a 1-99 chance of winning, the house edge is the same.

[jiocast]

yes i think they come up with good explanation for it, maybe coz the chane of winning ther is higher than the other game, they are just trying to avoid, people with good mathematical brain, that can come up with good formula of winning, lol

[CntryBoy]

14 minutes ago, actmyname said:

Volatility has no effect on house edge.

Take a look at dice, for example. The house edge remains 1% despite how "rare" you make your wins. Whether you have a 50-50 chance of winning or a 1-99 chance of winning, the house edge is the same.

You are correct that in Dice the house edge is 1% regardless of your chances to win, but that also does not mean volatility does not factor in.  If you make an infinite number of dice rolls on any payout, in the long run the house will return to you 99% of what you wagered and will keep 1% to put it in basic terms.  The same can be said on slots, where in this case the house will return to you 97% of your wagered amount and keep 3%, making it more volatile than dice.  If you look at all of the different slots available at any casino, in general the payout % is lower on highly volatile slots than it is on less volatile slots....

[williamshennie9]

I also noticed this. I think the first time I saw it, it was about 1.2% house edge. But now it seems like they wanted to increase it even more. I hope it comes down again before the final release.

[CntryBoy]

10 hours ago, williamshennie9 said:

I also noticed this. I think the first time I saw it, it was about 1.2% house edge. But now it seems like they wanted to increase it even more. I hope it comes down again before the final release.

I also hope it comes down some before the release, but I'm not sure it will.  Slots are well known to have some of the worst odds in any casino, so 3% house edge to me doesn't actually seem too bad.

[wngo123]

Maybe the big house edge on Slots is actually a good thing. Maybe the slots are super easy game with many big multipliers.  I hope this could be the reason! 

[Tomki]

Hello there all  

I wondered it very close to 3% edge house, maybe with reason by wild+bonus. I can't wait for it really. If they open and we'll see what happened. Possible gaming machines will be great. That why 3% house edge - my opinion. 

Greetings, Tomki.

[Burgerwcheese]

I'm curious as to what the payouts are gonna be on slots since the edge is a bit higher should have some decent payouts I'm hoping.  Personally I don't care for slots since its literally no skill/can't do anything to lower the house edge like you can on blackjack or video poker, but it'll be something fun here and there to get some solid wins

[Tokyo06]

Hello,

I think it's still too early to judge a game by its edge. We'd have to wait for him to come out first before we could criticize him. It's a slot so I'm not sure they really have a choice.

Sincerely, Tokyo'.

[Enzo]

Actually as far as most slots online games are considered. The house edge on Stakes slots is not that bad. It's fairly generous.

 

[Mahdirakib87]

3% is pretty high for sure. But there might be some reason behind this. And they haven't announced anything about the house edge. If it's stay same as it showing on the banner then we can see something and discuss to lower it. It's provably fair game so little much house edge shouldn't be problem as long as we can win! Lol. 

[Germany4623]

On 8/3/2019 at 4:58 AM, actmyname said:

Volatility has no effect on house edge.

Take a look at dice, for example. The house edge remains 1% despite how "rare" you make your wins. Whether you have a 50-50 chance of winning or a 1-99 chance of winning, the house edge is the same.

I agree with your opinion. I also think that at any rate, bookmakers are always profitable from those who beat on their platforms. I believe there are still winners but in very small numbers. But I think I will still experience 777 when it is released.

[jkd123]

Not sure how much house edge on slot when it comes. But I would like to see low edge, 1% maybe like their other games. Other than that, I'm curious about stake slot type. It will be classic one or with other features.

[CntryBoy]

16 hours ago, blurrijs said:

Slots is more based on luck, and there aren't a lot of  things you can do to change the outcome, winning or losing. But the house edge for slots is very high, and I feel like they will tell us why when it releases

Every game on Stake is based on luck.  In general, slots have a higher house edge than just about any other game anywhere, so I really don't think 3% is bad at all.

[sheenazbay]

increasingly difficult to win. the game is difficult to win and added with house edge 3%, it will be more difficult to win

[wyj1306]

Really a very high House edge, I'm looking forward to these slots, I've always loved slots and falls well add to Stake, because it's a classic casino game.
But this house edge complicates things a little.

[testB]

Let's just say it just does, slots happens to feature some of the highest house edges you can play in your average casino.

The edge is usually much higher than the offering here for what land-based casinos. Although there's much higher overhead costs for those.

Anyway, just avoid it - yourself - if you mind your odds. And you can still do worse: like betting on ties in baccarat.

[Xantys]

I think Slots with its funny fruits (or animals or whatever) is more of entertainment rather then a serious strategy-based gambling game. Its value will be in bright and vivid visuals and audio and I hope in some 3D effects. 

The house doesn't expect very high wager on Slots hence higher edge to match profitability with other games. 

And yes, as noted above, higher edge in slots comparing to other casino games is a normal practice around the world.

[zulfandina]

the house edge is basically fluctuated in gambling, especially in online casinos ... but nevertheless I'm not sure about the house edge calculation in this slot.
from the calculation of the edge of the house that is getting bigger, allows a fairly high loss of gamblers, if we look at the velocity of money that is in the casino ...
but many do not understand about the house edge and its calculations ..

[echang426]

Slots everywhere has some of the highest house edges in online and land based casinos. In my opinion I don't think 2.93% is too high for slots. The other house edges in things like card games, roulette, and dice is calculated based on the probability of the house winning per certain number of bets. It's the odds of the casino profiting over time and for games of pure chance such as slots, the casino is given more free reign to control what that edge is as opposed to say blackjack where the rules and structure of the game really sets the house edge as an unchangeable variable.

[wngo123]

Quote

Slots is more based on luck, and there aren't a lot of  things you can do to change the outcome, winning or losing. But the house edge for slots is very high, and I feel like they will tell us why when it releases

All games are based on luck even if we don't accept it. There are never skilled games in casino. In theory the slots are based on luck the same way Hilo or Mines

[CntryBoy]

20 hours ago, echang426 said:

Slots everywhere has some of the highest house edges in online and land based casinos. In my opinion I don't think 2.93% is too high for slots. The other house edges in things like card games, roulette, and dice is calculated based on the probability of the house winning per certain number of bets. It's the odds of the casino profiting over time and for games of pure chance such as slots, the casino is given more free reign to control what that edge is as opposed to say blackjack where the rules and structure of the game really sets the house edge as an unchangeable variable.

This is very true.  I highly doubt you would find a slot in a live casino which has lower house edge.  Basically we have to look at it as the slot will pay out 97% of what it generates.

[powerup1]

house edge 3%.... is very big, but I can't wait to try it, we'll see if the chances of winning are small or not