Slot Machine Pay
Out Percentages
When you see an online casino
advertising that they have high payout machines, as high as 98% what
does that mean? It means that the payback is the overall percentage
that a machine will return to the player in the long run. These
percentages are programmed into the machines. In live casinos they
can range anywhere from 75 to 99 percent. Some states regulate the
minimum payback that a machine can return. Typically, online casinos
have a higher payout rate than a live casino. Online casinos don't
have all the overhead that a live casino has. That's why they can
afford to payout more to their players.
Many players believe they will
win more on a machine that pays out 95 percent compared to a machine
that pays out 90 percent but generally speaking, this is not true.
The payback percentage is the
profit that the casinos can expect to earn over the lifetime of the
machine. The average player will never play long enough to see the
overall return. Just because a machine has a payback of 99 percent
that does not mean you will win back $98 for every $100 you play
through the machine.
You might play $100 through a
slot machine with a 94 percent payback and win $5,000 and then sit
down and play $100 through a machine with a 99 percent return and
lose it all in a few hours. It is not possible to determine your
overall return from a machine if you are only going to sit down and
play it for a couple of hours.
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You will usually find that higher
denomination slot machines have a greater overall payback percentage
than lower ones. If you can afford to play the higher denomination
slot machines with the higher payback percentages then you should.
But again, only if you can afford it.
If your bankroll is limited and
you want to ensure that you can play for awhile then you may be
better off playing a slot machine with a lower denomination. One
other thing to keep in mind when playing slots is that many machines
have multiple pay lines. So you may be playing 3 or 4 coins at that
denomination to give yourself better chance of winning.
The main thing that you should be
focusing on when playing online slots is to have fun. Play the
highest denomination that you can afford and only worry about
payback percentages if you are going to be playing for long periods
of time and many sessions. If not, then the payback percentage
doesn't mean a whole lot.
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