Slots Payouts and Odds

videoslots-logoWhen playing slot machines at casinos, most players would normally like to know which credit betting denominations are most promising in order to be aware which ones of them offer the best return rates.

Normally, the higher the denomination, the better the return rate. For example, a denomination of 0.05 features an average payout of 92.5%, while a denomination of 5 offers a return rate of 98.4%.

Greater revenue is generated by casinos by getting a large monetary turnover. Normally, a smaller amount of money will be accumulated in and out of a 0.05 denomination on a daily basis than of a 1 denomination for the same period of time. More money are gathered thanks to the higher-denomination machines, which is exactly why most casinos can afford to offer higher payout rates for players.

Screenshot of people playing on Super Respin Slot Machines

Slots Machines Odds of Winning

Basically, slot machines are a sort of casino games that do not allow a winning strategy to be made. Unlike games of skill, such as poker for example, where the player can make a certain strategy or at least have realistic expectations, slots are especially designed to make this impossible.

There is practically no way to make a long-term strategy when it comes to slots. Lately, the slots machines, have also become more complex, which is also a contributing factor, which eliminates even the slightest possibility for making a prediction or a strategy. As already explained, the paylines of every slot machine are controlled by a Random Number Generator (RNG), which guarantees that the winning combination are hit at random.

The principle of randomness of a certain slot machine can be tested with special software, which simulates the return over the wager, including over ten, a hundred, a thousand, ten thousand, and hundred thousand wagers. The software also shows the returns expected in each simulation.

The house edge, on the other hand, is another factor that prevents players from making a plan what to do. Some specialists say that players should not be playing only in order to make massive returns when there is a house edge. Of course, if the player prefers to really enjoy the thrill of the game, even when knowing that there is a small possibility to generate a winning. Undoubtedly, there is always a chance to get unexpectedly lucky and hit a winning combination.

If the player wonders what is the exact edge on a certain slot machine, they should be aware of the fact that normally there is no way for them to find out. It is against the casino’s interests to publish such an information, which is why there are very few players that actually realize there is a real house edge.

Screenshot of modern slot machines in casino

How to Estimate the Odds?

As already mentioned above, in the modern slot machines, the odds of hitting a certain symbol or combination of symbols depends on the settings of the reel. The work of the reels, on the other hand, is controlled by the software plus the Random Number Generator (RNG).

Making an attempt of getting the odds for winning against a certain slot machine is a hard task. First, there is a great variety of machines and games available on the market, which basically means that chances may vary a great deal.

Still, the odds against a certain machine are usually expressed as a payback percentage. Logically, the closer this ratio to 100%, the better the chances of winning. It may sound unbelievable, but there are some machines that even pay back at percentages larger than 100%. These slots are usually called “loose” ones and are often scattered in the other machines in order to attract more players. This was exactly the reason why most casino operators used to putting the loose slot machines near high traffic areas such as bars, entrances, etc.

Tweet about this on TwitterShare on FacebookShare on Google+Share on LinkedInShare on Reddit