500 Or Nothing Slot Machine

Posted By admin  On 19.05.21

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smoothgrh

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I just noticed that a $500 or Nothing slot machine exists. In the early 2000s, I was always fascinated with the $100 or Nothing slots. (For those not familiar with them, the slot machine is single-line and has only one symbol, a 7, and offers only two outcomes: a $100 win, or nothing.)
Now that I know a bit more about slots, can someone confirm this math:
If the theoretical payback percentage of these machines are 87%, the odds of winning are 8.7 in 1,000 spins?
If the theoretical payback percentage of these machines are 98%, the odds of winning are 9.8 in 1,000 spins?
PlayYourCardsRight
I'm no expert, but my understanding is that it pays back $87 off of every $100 wagered. So for a $500 win, with an 87% pay back, the machine would have to take in 574.7 dollars In theory.
smoothgrh
I should have phrased that in a way that's better to understand.
In the $100 or Nothing slot, with a $1/spin wager, and a 87% theoretical payback %, your odds of winning is 8.7 wins in 1,000 spins (1000/8.7) or an average of once every 115 spins.
With an 98% theoretical payback %, your odds of winning is 9.8 wins in 1,000 spins (1000/9.8) or an average of once every 102 spins.
In the $500 or Nothing slot, with a $5/spin wager, the odds of winning/average win frequency is the same as above.
Correct?
RS
Thanks for this post from:
If payback is 90% (makes math easy), then every $90 payout = $100 CI.
Every $900 payout = $1000 CI.
So in 1,000 spins ($1/spin), you'll hit it 9 times.
Yes your math is correct.
onenickelmiracle
Simple algebra is all you need. It must be right.
bang4style
compatibility
ThatDonGuy
Thanks for this post from:

Now that I know a bit more about slots, can someone confirm this math:
If the theoretical payback percentage of these machines are 87%, the odds of winning are 8.7 in 1,000 spins?
If the theoretical payback percentage of these machines are 98%, the odds of winning are 9.8 in 1,000 spins?


(Edited - I just realized you are talking about a 100x machine, not a 500x)
An 87% return machine will return 870 for every 1000 bet, or 8.7 wins for every 1000 spins.
Similarly, a 98% return machine will have 9.8 wins for every 1000, and a 100% return machine will have 10 wins for every 1000, which makes sense as 10 x $100 out = 1000 x $1 in. (Most casinos have machines with 100% return - they're usually called 'Bill Breaker'.)Joeman
Thanks for this post from:

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If all the math is settled, perhaps I can be allowed a slight hijack. This post reminds me of my first gambling trip to Lake Tahoe in 1996. I was playing at Harvey's (or was it Harrah's?), and they had a few banks of the old cast iron mechanical slots still in service. One particular bank had 'Jackpots Only' machines.
These were similar all or nothing machines that paid $25 for your quarter if you got the symbols to line up. The symbols were actually the words 'JACK' on the first reel, 'POTS' on the second, and 'ONLY' on the third. So, if you could get it to read 'Jackpots Only' across the payline, you won the $25. Otherwise, you got nothing.
I got nothing for all my spins. I still think of these machines as 'Jack Squat Only.'
smoothgrh


These were similar all or nothing machines that paid $25 for your quarter if you got the symbols to line up. The symbols were actually the words 'JACK' on the first reel, 'POTS' on the second, and 'ONLY' on the third. So, if you could get it to read 'Jackpots Only' across the payline, you won the $25. Otherwise, you got nothing.
I got nothing for all my spins. I still think of these machines as 'Jack Squat Only.'

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Thanks for the anecdote! So the concept isn't new: a $25 win for a $0.25 wager also pays 100 for 1.
You should have tried playing it about 115 times! ;-)
alexnuggets
$100 or nothing
Does this slot game still exist in Vegas? I haven't been able to find for the 3 or 4 years.
ThatDonGuy
Was it that popular the last time you saw it? I only remember ever seeing it once.
I assume we're talking about the same machine - the only symbols were red 7s and blanks, and three 7s paid $100 while anything else paid zero (hence '$100 or Nothing')?
RS
I've seen it in Bellagio at the high limit room before (either it was HL or some sort of special room), somewhere kinda near the craps pit.

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AxelWolf
I haven't see it in years. I didn't Know it still existed.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
alexnuggets
I don't think it was very popular when I played it. I only remember seeing it at New York New York and the Hilton. But everyone is describing the correct game. I just loved the simplicity and I had good luck. Thanks for the responses
Boz
There was one as listed above at Bellagio in December. I was shocked to see it as my wife used to pay it and I never understood why. The last one in AC was at Caesars and has been gone for close to 2 years now.
Not saying you didnt enjoy it, but I never saw the attraction with it as you probably were going to get a winner approx every 105-110 spins and never have the chance for a larger payout unless you got lucky and hit 2 or 3 winners in 50 spins.
rudeboyoi
That would be a good machine to have in a gas station.

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rxwine
Imagine a game where nothing seems to be happening.
that's the way I remember it.
AxelWolf

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Fist place I seen 100 or nothing machines was in boulder station in the 90's I was excited as hell because of the possibilities, however they never really took off :(
I should've waited to say this. As far as AP goes, this is probably on of the best SLOT machine for promotions. (other than banking slots and a few others )They fit many slot only promotions perfectly, imagine all the possibilities (but keep them to yourself).

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For the average plopster, not so much, you have to be a true gambler to enjoy them because it doesn't have that penny slot crack addiction that comes with frequent pays.

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♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪