New Slot Machine Winners

7/29/2022admin

New Slot Winners On Youtube
Recent Slot Machine Winners Youtube

Introduction to New Mexico Slot Machine Casino Gambling in 2020

New Mexico slot machine casino gambling consists of 22 tribal casinos plus another five racinos with racetracks. Further, there are over 50 non-profit sites offering slots. New Mexico has many more slot machines per state resident than any other U.S. state.

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Tribal casinos, commercial racinos, and non-profit organizations have set a minimum theoretical payout limit. None publicly report return statistics.

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 New Mexico*

The minimum legal gambling age in New Mexico depends upon the gambling activity:

Land-Based Casinos: 21
Poker Rooms: 21
Bingo: No age limit
Lottery: 18
Pari-Mutuel Wagering: 18

Pari-mutuel wagering has been legal since the 1930s, having a thriving industry until the late 1980s when Texas legalized pari-mutuel wagering. Recovery and stability occurred when New Mexico legalized offering slot machines in their racinos.

In 1995, the state and 25 federally-recognized American Indian tribes or pueblos negotiated thirteen identical state-tribal gaming compacts eventually approved after various delays. Each tribe is associated with at least one Indian casino in New Mexico.

Several amendments made to the 1995 state-tribal compacts include a requirement that the tribal casino reports a net win amount. These compacts currently expire in 2037.

Each of New Mexico’s five racinos can have up to 750 gaming machines, including 600 of their own and another 150 leased for a different racino. For these racinos, the state collects 26% of the Net Take in monthly gaming taxes.

Further, 20% of the Net Take from racino gaming machines must go to horsemen’s purses, which has been a significant amount: In fiscal year 2014, horsemen’s purses received over $50M from gaming revenues.

Finally, a thriving charitable gaming industry exists in New Mexico. Dozens of non-profit organizations legally offer electronic gaming machines like the slot machines found at New Mexico’s racinos.

*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 New Mexico

Privately owning a slot machine has only recently become available. Legal restrictions on obtaining it are highly limited to the following terms:

It must be purchased from a distributor or manufacturer licensed to distribute and manufacture slot machines in New Mexico.
Only such New Mexico licensed distributors and manufacturers may transport gaming machines in New Mexico.
The homeowner may not make a profit from having the slot machine.
Persons who play on the machine can play for winnings only.
The homeowner may not offer the slot machine for resale without a license.
The homeowner may not transport a slot machine from one location to another without a license.
A homeowner charging a fee to play or keeping a portion of monies for any reason would be commercial gambling which, without a gambling license, is a felony.

As an exception, an antique gambling device can be legally owned without restriction, provided it was manufactured before 1970 as well as is not used in gambling.

Gaming Control Board in New Mexico

In 1997, the state legislature established the New Mexico Gaming Control Board. The control board’s website is both highly comprehensive and easy to navigate, include maps of:

Casinos in New Mexico

There are 22 American Indian tribal casinos and five commercial racinos in New Mexico.

The largest casino in New Mexico is Sandia Resort and Casino with 2,300 gaming machines.

The second-largest casino is Route 66 Casino Hotel with 1,900 gaming machines.

Commercial Casinos in New Mexico

The five commercial pari-mutuel wagering racinos with slot machines in New Mexico are:

The Downs Racetrack and Casino in Albuquerque.
Ruidoso Downs & Billy The Kid Casino found 186 miles southeast of Albuquerque.
Sunland Park Racetrack & Casino found 9 miles northwest of El Paso, Texas, near the border to Texas.
SunRay Park and Casino in Farmington found 182 miles northwest of Albuquerque near the state’s northwest corner near the border to Colorado.
Zia Park Race Track & Black Gold Casino in Hobbs found 317 miles southeast of Albuquerque near the state’s southeast corner near the border to Texas.

Tribal Casinos in New Mexico

The 22 tribal casinos owned and operated by 25 tribes and pueblos with state-tribal gaming compacts in New Mexico are:

Apache Nugget Travel Center and Casino in Dulce found 193 miles north of Albuquerque near the border to Colorado.
Black Mesa Casino in Algodones found 25 miles north of Albuquerque.
Buffalo Thunder Resort & Casino in Santa Fe.
Casino Apache Travel Center in Ruidoso found 181 miles southeast of Albuquerque.
Cities of Gold Casino Hotel in Santa Fe.
Dancing Eagle Casino and RV Park in Casa Blanca found 53 miles west of Albuquerque.
Fire Rock Casino in Church Rock found 131 miles west of Albuquerque near the border to Arizona.
Flowing Water Casino in Shiprock found 209 miles northwest of Albuquerque near Four Corners.
Inn of the Mountain Gods Resort & Casino Apache in Mescalero found 213 miles south-southeast of Albuquerque.
Isleta Resort Casino in Albuquerque.
Northern Edge Casino in Upper Fruitland found 185 miles north of Albuquerque near the border to Colorado.
Ohkay Casino Resort in Ohkay Owingeh found 92 miles north-northeast of Albuquerque.
Palace West Casino in Albuquerque.
Route 66 Casino Express in Albuquerque.
Route 66 Casino Hotel in Albuquerque.
Sandia Resort & Casino in Albuquerque.
Santa Ana Star Casino in Santa Ana Pueblo found 21 miles north of Albuquerque.
Santa Claran Hotel Casino in Espanola found 193 miles north of Albuquerque.
Sky City Casino Hotel in Acoma Pueblo found 64 miles west of Albuquerque near the border to Colorado.
Taos Mountain Casino in Taos found 132 miles northeast of Albuquerque.
Tesuque Casino in Santa Fe.
Wild Horse Casino in Dulce found 193 miles north of Albuquerque near the border to Colorado.

Other Gambling Establishments

As an alternative to enjoying New Mexico slot machine casino gambling, consider exploring casino options in a nearby state. Bordering New Mexico is:

North: Colorado Slots
East: Oklahoma Slots and Texas Slots
South: Texas Slots and Mexico
West: Arizona Slots

Each of the links above will take you to my blog for that neighboring U.S. state to New Mexico.

New Mexico also offers slot machines at licensed Veterans and Fraternal non-profit organizations. Over 50 non-profit gaming licensees are spread throughout the state.

Our New Mexico Slots Facebook Group

Are you interested in sharing and learning with other slots enthusiasts in New Mexico? If so, join our new New Mexico 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 New Mexico. Join us!

Payout Returns in New Mexico

The theoretical payout limit for all slot machines in New Mexico is 80% whether at a tribal casino, commercial racino, or a non-profit Veteran and Fraternal organization.

Return statistics are unavailable from commercial racinos, tribal casinos, and non-profit organizations.

Summary of New Mexico Slot Machine Casino Gambling in 2020

New Mexico slot machine casino gambling consists of 22 tribal casinos, five commercial pari-mutual racetracks with slot machines, and over 50 Veteran or Fraternal organizations spread across the state.

All slot machines have a theoretical payout limit of 80%. There are no legal requirements that tribal casinos, racinos, or non-profits publicly provide return statistics for electronic gaming machines.

Annual Progress in New Mexico Slot Machine Casino Gambling

In the last year, the Tesuque Casino opened in Santa Fe.

Use a Slots Card

Upon entering a live casino, sign up for a slots card. This provides comps and cashback, which automatically lowers the house edge by a bit. Never play a spin without using your slots card. In an online casino, accept the highest slots bonus and play according to the terms and conditions until you meet the wagering requirement. Once again, this lowers the house edge on online slots.

Make Max Bets

Look at the payout chart on a slot machine to determine how jackpots are paid. On many slot machines, the 5-coin bet pays out a higher percentage on the top fixed jackpot. For instance, a 1-coin bet might pay $200, a 2-coin bet might pay $400, a 3-coin bet might pay $600, and a 4-coin bet might pay $800. You might expect the 5-coin bet to pay $1000, but many slot machines pay out $1200 or $1500 in that case, trying to convince bettors to make the max bet.

If the jackpot increases a bigger percentage with a maximum coin wager, then it makes sense to make the max bet on a slot machine. If the bet size is too high for your tastes, then lower the coin denomination and make a max bet at that level. Of course, if there is no additional jump between the 4-coin and 5-coin bet, then you can wager a single coin and max out the coin denomination to the bet size you like.

Read the RTP Information

If an online casino or land-based casino publishes its return-to-player information, read through the RTP percentages to find the video slots with the best RTPs. Return-to-player or expected return is the percentage of a theoretical $100 you expect to see returned to you. It is a theoretical percentage based on probability, so an RTP of 95% does not assure you’ll be paid $95 for every $100 you put in the machine. You might lose $50 or you might win $150, or you might win a progressive jackpot and go home rich.

The point of the RTP percentage is to give a player an idea of their expected return. If two slot machines sit next to one another and one has an RTP of 93% and the other an RTP of 95% (and both have similar jackpots), then it pays to play the game with the higher percentage. Over time, this leads to you maintaining a higher percentage of your bankroll.

Money Management Techniques

Read about bankroll management techniques. “Money management” or “bankroll management” is a series of steps you take to lock on winnings when good luck happens and limit your losses when a bad streak occurs. These do not assure that you’ll win, but it optimizes your bankroll.

Players should know three core bankroll management methods: percentage betting, win goals, and loss limits. Learn to calculate your bankroll and divide this into percentages. Then bet between 1% and 5% of your bankroll on any given hand, depending on your capacity for risk. This limits the amount of your stake you lose on any given session, keeping you playing for longer throughout your vacation. It is a given that people go to the ATM machine or credit card when they lose their whole bankroll — which means you spend more than you intended. The point of percentage betting is to assure your bankroll last through your whole trip, so you never have to replenish.

What Is a Bankroll?

“Bankroll” is not defined as your entire bank account. It isn’t defined as your discretionary spending budget or the money you have earmarked for entertainment expenses. Instead, it is a part of your discretionary spending cash and entertainment budget which is set aside specifically for gambling. In this case, a bankroll is less than your entertainment budget.

Once you have your bankroll figured, divide this into easy to understand percentage. If you have a bankroll of $1000, then divide this into percentages. These are simple calculations, but you should have an understanding of 1%, 2%, 5%, 10%, and 20% of your bankroll. In the earlier example, 1% would be $10, while 2% would be $20. 5% would be $50, 10% would be $100, and 20% would be $200.

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Now that you have these, decide whether to bet 1% to 5% of your bankroll. Most experts suggest betting no more than 1% to 2% in order to maintain your bankroll throughout your casino trip or online slots session.

Setting a Win Goal

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Next, set your win goal. This is the amount of winnings you set as your goal for any given slots session. If you have a win goal of 10%, then your win goal would be $100 for any given slot machine sessions. As soon as you hit that goal, you walk away from the slot machine — no matter what. A win goal is a hard-and-fast rule, because it locks in winnings. One of the biggest mistakes players make is losing back their winnings, because they think they’re on a hot streak.

Setting a Loss Limit

Even more dangerous is trying to win back cash you just loss. To protect against this tendency, set a loss limit. Once again, make this your hard-and-fast rule. Typical loss limits can be 5%, 10%, 15%, or 20% — though 20% means you could lose the entire bankroll in 5 slots session. 10% to 15% is a good middle ground. Once you’ve lost that amount, walk away from the slot machine under all circumstances. The slots game is not “due” to pay out, so step away from the machine and clear your mind.

Win goals and loss limits guard against gambler’s fallacy. Gambler’s fallacy is the idea that the law of averages assures or weight the odds in your favor. Slots use random number generators and every spin is entirely separate from the previous spin. Losing the last spin does not make it more likely you’ll win the next spin. The odds stay the same, no matter how many wins or losses in a row you’ve had.

Avoid Progressive Betting

For that reason, avoid progressive betting systems like the Martingale system, D’Alembert system, Fibonacci system, and so on. Betting experts have used computer simulations to track the progressive betting methods against flat betting (same bet each spin). Flat betting beats all of the progressive betting schemes over 1 billion spins.

Progressive betting seems like it’s working, because it leads to a lot of small winning sessions. The problem is that it also has a handful of huge losing sessions which wipe out all the wins — and then some. You can’t beat the house edge with the Martingale system, however it might look to the naked eye. The Fibonacci numbers are incredible, but they are not a magical way to beat the casino.

The reason progressive bets are bad is they increase the size of your bets (in some systems exponentially). If you start with $5 or $10 bets, a streak of bad luck has you betting hundreds of dollars on one spin. That’s busts your bankroll and leads to a “risk of ruin” — meaning you’ll lose your whole bankroll if you hit a bad luck streak. No matter what you read online, flat bets are better.

Take Breaks for Rest and Refreshments

Play when you are at your best physically and mentally. Don’t play when you’re tired or sleepy. Don’t play when you’re hungry or thirsty. Take frequent rest and restroom breaks. If you get bored, take a break and walk the casino. Play another game to change up the betting pattern.

When you are rested and engaged, you won’t have distractions that might lead to bad decisions. The idea is to have fun, so if anything is causing you to lose focus on the entertainment aspect of the game, walk away and save your bankroll.

Don’t Go on Tilt

Tilt is a concept in poker where a player makes decisions based on emotional responses instead of solid strategy. It can cost a player a lot of money if they make bets based on anything but rational decisions. While going on tilt is not a concept in slot machine gambling, every game of chance has a personal component.

In short, don’t play when you’re agitated. Take stock of your inner thoughts. If your ego or anger is causing you to make irrational decisions, take a deep breath and calm down. If that doesn’t work, walk away and clear your head. It stinks to lose a series of bets, but what stinks more is to lose a series of bigger bets when you’re trying to make up for lost bankroll.

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