Online Slot Games And Payout Rates

The simplicity of slots coupled with the promise of lucrative money prizes make this casino game a favorite among players. However, working out the true probabilities of winning and the expected return on your stakes can be misleading. Learning and understanding the odds of online slots is essential for any player looking to increase the chances of winning and avoid breaking the bank.

The Chances of Winning on Slot Games

You would be surprised to know how many players begin placing bets without even knowing the payouts of the slot games they play. Furthermore, many casinos don´t focus too much on advertising the payout rates of their online slots and prefer highlighting the latest promotions and cash prizes that can be won playing these games. The truth is that no matter what other perks online casinos offer, a typical online slot will keep between 1% and 10% of all bets placed. Whether you play off or online, you can expect these payout rates. What this percentage means is that for every pound wagered on slots, the casino will earn between 1p and 10p. This payout rate is what it´s known as “expected return” on bets. Payout percentages are based on thousands of games played, which means that the payout in the short them could be higher. Nevertheless, you should always go for the slot games with the highest payout percentage to players.

Increasing Your Odds of Winning

Players are always looking for ways to improve their odds of winning on casino games, specially slot games. In other casino games, the player´s input can actually alter the advantage that the casino has over players. In online slots, however, the house´s mathematical advantage remains unchanged throughout the game. Nonetheless, players can follow a series of guidelines that can help them increase their winning odds. Some of these guidelines include adopting a solid bankroll management, knowing which slots to play and which ones to avoid, playing the slot games that offer more chances of winning and playing slots that offer a progressive Jackpot.

“Hot” Slot Games

Just like it happens with blackjack or roulette, where some variations of the game are more popular than others, there are some slot games that players favor more than others. The reason why some games stand out from the crowd almost certainly hast to do with how much they pay out to players. For example, when given the choice, most roulette players will prefer playing French roulette over American roulette because they know that the chances of winning are more attractive. There are some slot games that offer the same payout percentage to players, however, players argue that some of these slot games payout more than others. Some slot games such as Da Vinci Diamonds and Deal or No Deal are said to produce more winners than many others but there are two possible explanation for this. One possible explanation is that the amount of winners produced by one slot game is directly influence by the number of players playing this game. So the more players playing Da´Vinci Diamonds, the more winners there will be. In the case of Deal or No Deal slot, for example, the reason why this game is considered to be “lucky” may have to with the fact that players can play the minimum stakes and still qualify to win the progressive Jackpot. Thus, the more people playing this game, the more likely it will be that one of them will hit any of the three progressive Jackpots offered in the game.

The VLT – It May Look Like a Slot, But It’s Not

So what’s the difference between a traditional class III slot machine, video poker machine and a class II Video Lottery Terminal? Read on:

Traditional Class III Slot Machines

All outcomes on these gambling games are controlled by a small computer chip called a random number generator (RNG) inside each machine. This device allows the unit to continuously roam through random number combinations at the rate of thousands per second. These combinations are mapped to a specific outcome. It will not stop to select a display until the spin button is pressed or the handle is pulled. Each spin is independent of the next one. They have no effect on one another.

The RNG is installed at the factory to the payback specifications requested by the casino. A chip in each individual machine allows for jurisdictions to order different payback percentages in the same family of machines. (The payback percentage is the total amount of money returned to players over time.) They usually vary between 85% and 98%. Penny machines usually return the lower % amounts while the dollar and up machines return the highest. Contrary to what most players think, a casino CANNOT alter the payback percentages on a machine. This can only be done by factory personnel.

Class II Video Lottery Terminals

Have you ever thought about scratching off about 600 instant lottery tickets in about an hour? Play a VLT at one of the New York State racetracks and you’ll be doing just that. In contrast to the aforementioned, a VLT plays a virtual lottery game that is linked to a central computer operated by the NYS Lottery in Schenectady, NY. They determine the outcome of each wager using an RNG, but with a pre-determined number of winners. The VLT operators can program the number of payouts in advance. Once you start play, the machine receives a virtual scratch off ticket.When the video reels stop spinning he results will be consistent with whatever is on the ticket. The payback percentages are controlled by the scratch off games. In NY the law requires a minimum 92% return.

Other VLT games that operate in Native American jurisdictions are virtual bingo games that are linked together, forcing players to compete against each other for the prize payout(s).

Video Poker VLT’s

There’s a big difference between the class III and class II games when it comes to video poker. A traditional class III machine deals 5 cards from a virtual 52 card deck. After you discard, your final hand is determined randomly from the remaining 47 cards. Your knowledge and skill are a big factor when trying to win.

In a class II VLT, your final hand will be whatever the virtual scratch off ticket dictates. Even if you make a mistake and discard winning cards, a virtual “genie” will appear on your screen and change your hand to the pre-determined winning result. No skill is needed to win. It’s not a 52 card deck. It’s nothing more than a slot machine.

I’m not trying to discourage anyone from playing VLT’s. You can win as well as lose. A 92% payback is a 92% payback. Whatever games you decide to play, you’ll always need a visit from Lady Luck!