Introduction to Horseshoe Indianapolis
About thirty miles southeast of Indianapolis near Shelbyville, Indiana lies a racetrack with slot machines, Horseshoe Indianapolis until very recently Indiana Grand Racing Casino.
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Horseshoe Indianapolis, 27 Miles Southeast of Indianapolis
Indiana’s 1851 constitution banned lotteries, historically interpreted by courts to mean all gambling. In 1988, Indiana approved a constitutional amendment removing this ban. Within months, cities with economic difficulties had casino proposals, including ten riverboat casinos.
In 2007, Indiana allowed horse tracks to have as many as 2,000 electronic gaming machines. Indiana has eleven commercial casinos and one American Indian tribal casino.
Theoretical Payout Limit and Return Statistics
The Indiana Gaming Commission (IGC) regulates gaming in Indiana and has its Gaming Control Division as a law enforcement arm with a primary role to investigate illegal gambling. Enforcement of illegal gambling at bars and taverns is by the Indiana Alcohol & Tobacco Commission.
The IGC offers comprehensive annual reports on all aspects of legal gaming in Indiana. Indiana has no theoretical payout limits but return statistics are publicly available for commercial casinos.
The casino hold percent for each commercial casino is WIN divided by COIN IN. Subtraction from 100% gives the player win percent. Monthly win% is from p. 6 of the pdf, or worksheet Sheet6 of the MS Excel spreadsheet, from Monthly Revenue Reports.
The monthly player win percent for Indiana’s casinos in December 2021 were:
- Ameristar: 90.6%
- Belterra: 90.7%
- Blue Chip: 91.1%
- Caesars Southern Indiana: 90.1%
- French Lick: 91.1%
- Hard Rock Northern Indiana: 90.3%
- Harrah’s Hoosier Park: 90.1%
- Hollywood Lawrenceburg: 90.7%
- Horseshoe Hammond: 90.0%
- Horseshoe Indianapolis: 89.9%
- Rising Star: 89.4%
- Bally’s Evansville: 90.3%
The highest return in December 2021 went to two casinos tied at 91.1%: Blue Chip and French Lick. The lowest return went to Rising Star at 89.4%. However, the second lowest was Horseshoe Indianapolis which had the lowest return for seven of the last ten months.
Food and Accommodations
Otherwise, Horseshoe Indianapolis is open 24 hours a day and seven days a week. This casino permits smoking on the casino floor.
This casino has an attached hotel and a parking garage, including valet service. Horseshoe Indianapolis has one café is still open with the two restaurants are temporary closed. Menus are limited. No masks are currently required if the guest is vaccinated, although all employees and vendors must wear masks.
The Caesars Rewards Loyalty Program
Horseshoe Indianapolis has its Caesar’s Rewards player’s club. It has six tier levels.
Tier level point requirements are:
- Gold for new guests
- Platinum for more than 5,000 points
- Diamond for more than 15,000 points
- Diamond Plus for more than 25,000 points
- Diamond Elite for more than 75,000 points
- Seven Stars after 150,000 or more tier points
Twice, I have reached Seven Stars status but am not currently.
I’ve just spent 2 hours playing slots at Horseshoe Indianapolis. I walked in with a $300 bankroll in my wallet and left with $479, or 160%.
I haven’t used my players card for more than a year, I started at zero points. I was back down to the first-tier level, Gold, with zero points when I started my session. When I left two hours later, I had 237 points.
At the cost of $5 per club point, I spent $1,185 today at Horseshoe Indianapolis. However, I won $179 as my bankroll rose from $300 to $479. I cycled by bankroll about four times and left with a 60% profit, Not too shabby!
My Horseshoe Indianapolis Slots Experience
Upon arrival, I was lost. I entered the casino through the parking garage and the promotions counter was nowhere in sight. I did see the high limit slots room, where I asked someone to point me to the promotions counter. They said they’d lost all their money, so they’d take me to it.
The promotions counter was basically on the other side of the casino from the parking garage entrance. When we got without sight of the promotions counter, my guide was telling me of a slot machine where she lost all her money. Yet, the person playing the slot machine next to her was winning. “If you have a moment, please show me this slot machine,” I asked.
Not the slot machine she’s lost on, but the slot machine the other person had won on. When we got to it, I pointed out that the view of her slot machine had a blocked view but that the slot machine she had observed someone else win on had a direct view of the café.
Having made a note of that machine’s location for later, I said goodbye to my helpful guide and went to the promotions counter. There, they printed off my card and I asked a few questions. Like, how long as Indiana Grand been a Caesar’s property.
They said the Horseshoe signs had gone up about a month ago, at the end of December 2021. No, I asked, how long as it been a Caesar’s property, not how long since the signs went up. Oh, they said, about five years.
I had wondered if the low returns for this casino were due with something like that, but the timings offer. If anything, the returns have steadily risen since the middle of 2021. So … nope!
Then I headed back to the winning slot machine over by the café. Someone was playing it, but I figured if Strategy 9: Location, Location, Location was in play at this casino, then slot machines near the single open place to eat were an opportunity.
Yet there was so few of them! I’d never seen so many machines out of commission. Some had move order paperwork, others had shattered panels, and others were simply powered down. What the heck?
More on broken machines later in my review. Getting back to slot machines in view of the café, I found an $1 denomination Easy Money machines. By this point, as I do when visiting a new-to-me casino, I was testing if my 5-spin method worked.
I sat down at this Easy Money machine and make a 1-credit bet of $1. And I immediately won $40. Okay, pause the 5-spin test. I needed to evaluate if this was a winning machine. I made 20 minimum bets, spending half that first win and made all kinds of bonus rounds and line wins.
Okay, this was great. Let’s see how maximum bets worked. And did they ever. My $100 turned into $200 then in $300 and then $378. And I stopped.
Why? Because when my bankroll got to $200 it dipped down to $150 before it shot up to #300. And it dipped almost to $200 before I won climbing up to $378.
I knew I had to preserve my gains. So that’s what I did. I put that $378 voucher into my deposit-only pocket I’d training myself to use and didn’t take it out until the end of my visit.
Yes, it was hard. But I was playing a $1 denomination machines making 5-credit bets for $5 each. With a $100 bankroll to start! My bankroll was too small to play this game! So, I took my winnings and tucked them away.
When I looked at my watch, I saw that I’d been in the casino for ten minutes. Was it going to be a long casino visit with those winnings burning a hole in my pocket? It was going to be a test my discipline.
Next, I un-paused my test of the 5-spin method at this casino. I test a total of 20 machines out of which 16 gave tastes of only a few cents each. I made minimum bets of 30, 60, and 88-cent bets and won 7 cents, 10 cents, and even 20 cents a couple of times.
Wow, my 5-spin worked but its return was terrible. I’d yet to see such a terrible return. Of my originally $100 bankroll, I had $64 left over.
So, I switched back to what did work instead of Strategy 1, Only Win Immediately (the 5-spin method), I started looking around for winning machines based on their being viewable from a distance based on Strategy 9: Location, Location, Location.
I’d already found the only slot machine directly visitable to people sitting at the café, but this casino had lots of table games and several entrances. I found winning slot machines but it wasn’t me winning on them but another player.
I checked back later in my visit, and those slots enthusiasts never left. But I persevered. Eventually I found a winning machine not taken.
It was a Jungle Roll penny machine partly angled to the main aisle so it would catch the eye of anyone playing a table game in a long section or someone walking into the casino from the parking structure.
There, I turned my $64 leftover bankroll into $101. And this is where my winnings burning a hole in my pocket from earlier influenced me. See, I took that $64 bankroll and brought it up to $250.
And because I been disciplined earlier, I spend $150 playing maximum bets of $4.50 until I pulled out of my dive just before my loss limit of $101.
If I hadn’t done that, if I had done again what I’d done the first time 10 minutes into my visit, I would have left with double my initial bankroll. Instead of my 60% over my initial bankroll.
What was I, out of practice maintaining discipline? Maybe.
But let’s get back to the broken machines at this casino. Looking at the paperwork, there we several reasons for the machines being off. Some had shattered interfaces. Others had notes about the hard drive coming unplugged. Others that it would connect to the network. And, some said simple, “Move.”
And all the paperwork on the machines had dates going back to October 2021 with the latest dated twelve days ago. Was it a shortage of technicians? Or repair parts?
I decided to see if maybe their prioritized fixing slot machines in the high-limit area. Nope! Many of those were broken too. So, I counted them. In the high limit room, 10 machines were broken or off out of 100 or so machines. that’s 10%. I walked around the casino floor, and it was roughly 10% there, too!
These down machines are terrible for the casino! They’re losing money every day! How much money? I’ll tell you how much money their losing!
It’s $518 per machine per day! For 150 machines, that’s $77.8k a day! Or $2.3M dollars a month in profit. Yikes!
What to Do if Visiting Horseshoe Indianapolis?
If you are visiting Horseshoe Indianapolis, and can afford at least a $500 bankroll, try playing that Easy Money machine facing the café. Or better yet, a $1,000 bankroll to have the best chance of winning when making maximum $5 bets. With minimum bets to have basically the same odds of winning, all other considerations aside, you’d need $200 for just that one slot machines. That’s expensive, though.
Otherwise, try that Jungle Roll machine within a carousel of other Jungle Roll machines. It’s the one in the carousel which points back towards the parking garage entrance.
Strategy 9: Location, Location, Location seems to be at play in this casino as part of their setup. take advantage of them instead of the other way around. If you get the opportunity, try some of the machines at the entrance which I wasn’t able to get on and play myself.
Summary of Horseshoe Indianapolis
With a 160% return on my $300 initial bankroll, I left Horseshow Indianapolis with $479.
If you plan to visit this racetrack casino yourself, I hope these details help you locate a winning machine using my Location, Location, Location strategy.