What is the average payout on slot machines? – The payout percentage is the amount of money the game is predicted to pay back to the players in the form of winnings. When it comes to online casinos the average payout can go up to 98% or even 99% on some slots.
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For land-based casinos, the average can be lower since land casinos have a much higher operating cost than online casinos. So, in general, you have better chances of winning on slots at online casinos. But how does the average payout percentage actually work?
This average is taken over a very long period of spins. There will be times when this percentage can be much lower and at other times it can be much higher. In general, at the end of the predicted spins, the payout percentage should reach the predicted level. But what does this mean for you as a player? You can’t expect to put in $100 in a slot machine and play 100 spins on a $1 and only to end up with $98.
That’s not how it works. You can end up with a higher, lower or even the same balance you started with for those 100 spins. If you play another 100 spins you will surely get different results altogether. So why is this so?
This happens because slots are complex machines, which are designed to be random. This is what makes them fun to play. The payouts on the reels of a slot machine are run by a Random Number Generator (RNG) and the game variance.
The RNG makes sure that every spin in the game has an independent and random outcome. So you can never predict the outcome of the following spin based on the previous one. The game variance, on the other hand, determines the frequency of payouts on the reels.
What is the average payout on slot machines? – Low variance slots
Low variance slots will produce frequent small to medium wins, while high variance slots can pay big but over a longer period of spins with many empty spins in between. In the end when you combine all of these factors you get an interesting slot machine that can pay big at any time but can also eat a lot of balance at any time.
Why you shouldn’t plan your gameplay based on the slots average payout value? You can’t plan to play a slot with a high average payout and be sure that you will win.
In fact, you have the same chances of winning on a 98% payout slot, like you would on a 95% payout slot. You never know how the game will behave. You can start playing when the game is on a hot streak and make a hefty profit in a short time.
On the other hand, you can also play a game when it’s cold and you won’t hit a decent payout even after a very big number of spins. Yes, it’s a good idea to play slots that have a high average payout, but in the end, it all depends on your luck whether you will win or not.