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What are slot machine odds? If you look at the pay-table and gaming information supplied with a slot machine then you’ll see a figure known as the payback or payout percentage. This expresses the average return from the game over time. For instance, if the payout percentage is listed as 95% and you put £10,000 into the game, then in principle you can expect a return of £9,500.
All casino games have a payout percentage that’s less than 100%. Blackjack returns players around 98%, Roulette around the same, but slots can vary from anything from 90% to around 97%. One of the advantages of playing slot machines is that you don’t have to adhere to any rigid strategies to get the best payouts – all you have to do is spin. This is certainly true when applied to Blackjack, where players must follow a rigorous table of correct play in order to get the best pay-out percentage.
People say why can’t we play a slot machine with a payback percentage of 100%? As the slot machine critic Frank Scoblete, who I’ve interviewed on the site, once wrote, there is one machine that always pays back 100% in every casino – it’s called the change machine. You get the exact money out that you pay in every time. However, where’s the fun in that? The point of a slot machine is that it’s been specially designed to not pay out on a number of spins, so that one lucky player can get paid out a 10,000% return on one jackpot spin.
So how are slot machine odds calculated? Usually any slot that’s released by a development house will have to undergo testing by a gaming commission. For instance, slots that feature in the Las Vegas casino houses will be audited by the Gaming Commission of Nevada. They’ll run literally hundreds of thousands of spins on the slot in a lab, collecting data that’s then used to work out the average pay-out percentage. Exactly the same procedure is applied to online slot machines.
When looking at the slot machine odds connected with any single type of win on a game, a little common sense helps out. Take a look at the slot’s pay-table, the more any combination pays, the smaller the chance you have of hitting it. For instance, if you look at the legendary IGT Megajackpots slots, which have progressive prizes that are often in the region of many millions of pounds or dollars, the odds of you hitting a small symbol win are much greater than those of hitting the top prize pay-out.
One question that I’m often asked is whether or not casinos can play about with the payout percentages of their slot machines. This is often based round the myth that casinos, pubs and clubs will install a machine and deliberately set its payout percentage to be greater than 100% in order to make people think it’s a great payer. Then over time, people are still ploughing money into the game, remembering how good the game was when it was first installed in the premises. As I said, this is a myth and no such practices occur.
How can I be so confident of my last assertion? Do you not trust me as the all knowing Slots Professor? Of course I’ll explain. When a gaming commission tests a slot machine, it is a binding contract that the machine will operate at this level for its lifetime. If the game is found to be paying out prizes at a lower percentage than is listed on the game, then the casino and platform can be fined a large amount of money for malpractice. Hence it is always in a casinos interest to run their machines in the proper manner.
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There have been some noises on the casino grapevine to suggest there may be a range of new school slot machines arriving in Las Vegas, that will be allowed to change their payout percentages. According to the rumours I’ve heard that if the machines are left idle for more than fifteen minutes the casinos will be able to change the pay-out percentages. Whether or not this means that they’ll make machines tighter whilst an attendant comes to give a player a hand-pay after a big win is anyone’s guess. Are we likely to see such slot mechanisms appear online? I for one certainly don’t believe so.
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So what’s my final word? As the Slots Professor and the man in the know I’ll tell you this – don’t worry about payback percentages and slot machine odds. If you look at one of the most popular online slot machines of all time, the legendary Rainbow Riches – Pots of Gold, then you’ll notice that this title has a payback percentage that’s quite a bit lower than many of its rivals, and this doesn’t impact the playability of the game. In my opinion the payback percentage should be one of the last things you consider when looking for a suitable game to play.