- How To Open Up A Business With Slot Machines Machine
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- How To Open Up A Business With Slot Machines Jackpots
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Register your casino with the city and state to obtain a business license and employer's identification number (EIN). This will require registering with the IRS and any other regulatory bodies that have power over casinos in your area, which could include state government, local government, and gambling organizations.
Here are some of my personal tips for successful slot play. They’ve done me well over the years, but individual results may vary. And luck / timing does of course play a big part in things too. Whether you’re a professional slot player (which I believe to be 40+ hours per week) or a “fun player” (or casual player), the following tips may be of use to you.
1. Take enough money (bankroll) to play. In order for you to sustain your required play time, you must be able to invest a sufficient amount of money to warrant a successful play period. This will be dependent on the type of machine, the frequency of hits / wins, and the denomination value you choose to play. If you’re playing a machine at $1 per spin, and want to play for a few hours or more, I’d suggest a bankroll of $500. If you’re playing $5 machines, that bankroll should be $2,500. If you’re playing quarter / 25c machines (at 25c per spin), then $150 or thereabouts may be sufficient. Many slot players lose their money because they don’t have sufficient bankroll to last them in between jackpots.
2. Be patient. Jackpot combinations don’t spin up all that often. Bet low amounts and give yourself the maximum number of spins possible for your bankroll – the more spins you have, the more chances you have to get that elusive jackpot! Don’t make big bets on impulse or out of frustration, that could unnecessarily hurt your bankroll (i.e. don’t bet $1 on a $500 bankroll, and then through frustration start playing $9 per spin)! Keep a level head, and a level bet throughout. Separate emotion from logic. Logically, you’re hoping to get a return on investment. You’ve got to make the investment first – but don’t panic when things go wrong. Keep your bets low and equal – and hope for some luck!
3. Never play just for casino comps. Whilst complimentaries from the casino are always nice to receive, they never equal in value what you’d need to spend (in the long term) to justify them. Let’s say a casino gives 1 point (worth 1c) for every $4 into a machine. It’s not worth risking $2,000 ($400 x 5) just to get a $5 comp is it? If you’re playing anyway, that’s fine – but never play over what you were going to, just to get a casino gift. That cash is better in your pocket than theirs!
4. Know when to quit a machine. No slot machine will continually pay out. Generally slot machines will give and take in some form of “cycle”. If you’re winning, move on to another machine. If you’re not winning, ask yourself whether the machine seems to be in a cold cycle (showing you lots of “near wins” – but not actually giving you any payouts), or whether it’s a small glitch soon to come right. If it’s a glitch, stay where you are and continue playing, and wait for the up swing. If you believe it’s a “cold cycle”, cut your losses and move on. Knowing when to quit is one way of protecting your investment.
5. Know when you’ve made enough. When is enough profit enough? For me, anytime I’ve made 25% or more above my starting bankroll, I’ll leave a machine. If I’ve got a budget of $100 for the machine and after putting in say $80 I’ve got $125 of credits, that’s good enough. I cash out and move on. If I’ve put $20 into a machine and I’ve now got $25 after a hard fought battle (i.e. on a 5c machine), I’ll cash out and move on also. Your own thoughts will determine when enough is enough for you – but DON’T get too greedy. Greed can be very unlucky!
6. How often should you play? That’s up to you, and it will depend upon your reasons for playing and the time you have available. For most readers, I’d recommend visiting a land based casino about once a month, for a few hours of dedicated profitable play time (i.e. focused time when you’re there for one reason only: to make a profit whilst playing slots). Internet casino players might wish to visit more frequently – i.e. one night a week (as the slots typically pay higher online). But you should always only play to your own bankroll and time requirements.
7. Which casino should you play in? This is trickier for land-based casinos, due to the wide range of potential considerations: location, reputation, audience catered to (i.e. high end like Bellagio, low end like Circus Circus), comp policy, etc. For online casinos, it’s easier. Avoid casinos that are licensed in the Carribean, in South America, in Africa, and similar destinations. Casinos that are licensed in the UK or surrounds (UK, Ireland, Malta, Gibraltar, Isle of Man) tend to be very reputable, and pay out when you win. These reputable solidly licensed casinos are the only types of casinos promoted here.
8. Which kind of slot machines should you play? Three real slot machines without progressive meters attached typically pay well. Video slots (i.e. 20 lines etc) like IGT Texas Tea Slot Machine, or Captain Quid Slot Machine, or Join the Race for Riches, are an entertaining way to pass time, with an edge that’s not too detrimental (assuming all lines are played on each spin). However, they do tend to be a little lower in payback (on average) than the traditional reel spinners. Whilst there’s no hard and fast rule, online casino slot machines do tend to pay back a bit better than those in land-based casinos (the overheads are lower – they can afford to be more generous on the game payouts).
Perhaps you’ve got some of your own slot tips you’d like to share with other readers of this blog? If that’s the case, send me an email at admin@howtobeatthecasinos.com. I’d love to hear your views and ideas! Refunds on slot machines.
Introduction to North Carolina Slot Machine Casino Gambling in 2020
North Carolina slot machine casino gambling consists of two tribal casinos in the Great Smoky Mountains in the western tip of the state.
Tribal-state gaming compacts in North Carolina have established theoretical minimum and maximum payout for their video gaming machines while return statistics are not publicly available.
This post continues my weekly State-By-State Slot Machine Casino Gambling Series, an online resource dedicated to guiding slot machine casino gambler to success. Now in its third year, each weekly post reviews slots gambling in a single U.S. state, territory, or federal district.
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Relevant Legal Statutes on Gambling in North Carolina*
The minimum legal gambling age in North Carolina depends upon the gambling activity:
- Land-Based Casinos: 21
- Poker Rooms: 21
- Bingo: 18
- Lottery: 18
- Pari-Mutuel Wagering: Not available
Video poker machines were once widespread in the state, but 2000’s state regulations limited video poker machines to three per site and banned the installation of new video gaming machines.
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In 2007, after nearly a half dozen attempts, the state legislature fully banned commercially-owned video poker machines and video gaming machines.
North Carolina has a single federally-recognized American Indian tribe, the Eastern Band of Cherokee Indians. The tribe has built two casinos on its Qualla Boundary lands located in the Great Smoky Mountains.
The type of casino action found at these Indian casinos includes “skill or dexterity” based video slot machines. These tribal casinos offer a variety of table games.
Although owned by the tribe, operation of both casinos is by Harrah’s which, itself, is a brand for Caesars Entertainment. The tribe owns and operates a high-stakes bingo hall.
*The purpose of this section is to inform the public of state gambling laws and how the laws might apply to various forms of gaming. It is not legal advice.
Slot Machine Private Ownership in North Carolina
It is legal to own a slot machine privately in the state of North Carolina if it is 25 years old or older.
Gaming Control Board in North Carolina
How To Open Up A Business With Slot Machines Machine
Because North Carolina has no commercial casinos or other types of commercial gaming, the state does not have a gaming commission or control board.
Casinos in North Carolina
There are two American Indian tribal casinos in North Carolina. These two casinos are in the Great Smoky Mountains in the western part of the state.
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The largest casino in North Carolina is Harrah’s Cherokee Casino Resort with 3,280 gaming machines.
The second-largest, and only other casino in North Carolina, is Harrah’s Cherokee Valley River Casino & Hotel with 1,000 gaming machines.
Commercial Casinos in North Carolina
There are no commercial casinos in North Carolina.
Tribal Casinos in North Carolina
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The two tribal casinos in North Carolina are:
- Harrah’s Cherokee Casino Resort in Whittier found 50 miles west of Asheville.
- Harrah’s Cherokee Valley River Casino & Hotel in Murphy found 109 miles southwest of Asheville.
Other Gambling Establishments
As an alternative to enjoying North Carolina slot machine casino gambling, consider exploring casino options in a nearby state. Bordering North Carolina is:
How To Open Up A Business With Slot Machines Jackpots
- North: Virginia Slots
- East: The Atlantic Ocean
- South: Georgia Slots and South Carolina Slots
- West: Tennessee Slots
Each of the links above will take you to my blog for that neighboring U.S. state to North Carolina.
Our North Carolina Slots Facebook Group
Are you interested in sharing and learning with other slots enthusiasts in North Carolina? If so, join our new North Carolina slots community on Facebook. All you’ll need is a Facebook profile to join this closed Facebook Group freely.
There, you’ll be able to privately share your slots experiences as well as chat with players about slots gambling in North Carolina. Join us!
Payout Returns in North Carolina
The theoretical minimum and maximum payouts set by the tribal-state gaming compact is 83% and 98%.
The tribal casinos in North Carolina, per the same compact, are not required to provide publicly available return statistics.
Summary of North Carolina Slot Machine Casino Gambling in 2020
North Carolina slot machine casino gambling consists of two tribal casinos in the western tip of the state. While owned by the Eastern Band of Cherokee Indians, Caesars Entertainment operates both tribal casinos.
Further, both tribal casinos have theoretical payout limits of 83% and 98% but do not offer return statistics. Finally, North Carolina’s slot machines must be video games of skill or dexterity.
Annual Progress in North Carolina Slot Machine Casino Gambling
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In the last year, there has been no change in the slots gaming industry in North Carolina, excepting disruptions due to our ongoing national crisis.
Related Articles from Professor Slots
Other State-By-State Articles from Professor Slots
- Previous: New York Slot Machine Casino Gambling
- Next: North Dakota Slot Machine Casino Gambling
Have fun, be safe, and make good choices!
By Jon H. Friedl, Jr. Ph.D., President
Jon Friedl, LLC