Slot Machine Odds
Learn about the odds and probabilities of slot machines, including how slots payouts work at land casinos and also at online casinos.
Introduction | Slot Payouts at Land
Casinos | Slot Payouts
at Online Casinos
Basic three-reel slots are a common type of slot machine found at modern casinos, although multi-payline video slots are also very popular amongst players.
Attempting to pinpoint the odds for slot machines is a daunting
task. With such a variety of machines and games available,
the odds can vary a great deal. Generally slots odds are expressed in the form of a payback percentage. The
closer to 100%, the better for players. Some machines even pay back at
percentages greater than 100%, giving the lucky players who
find them a positive expectation for winning. These 'loose
slots' are frequently mixed into the sea of machines
on a casino gaming floor. For a while, casino operators placed
the highest paying machines in high traffic areas like entrances,
bars, and near lines for buffets or shows - basically any
place a crowd of people was likely to be. The strategy behind
the prominent placement of higher paying machines was that
since they produced winners more frequently, they would also
generate more interest from passers-by, making other players
more likely to play at average or low paying machines.
It didn't take long for slots players to figure out this
simple strategy, so casino managers shuffled things up a bit. Reverse
methods were employed, putting low-paying machines in high
traffic areas, and vice versa. These days, there really is
no standard procedure for distributing the different pay level machines on a casino floor. Machines are mostly placed at random or in a secret arrangement that only the casino management and staff are privy to. The machines, themselves,
still offer a mix of payout percentages with some high and
the majority being low to average.
One popular guideline that is easy to follow is to try multiple machines until you find one that pays. Start with a nominal amount of money - such as 20 credits for a .25 or .50 credit machine - and see how it pays. If you are getting more back than you put in, you may have found a hot slot - or one set for higher payouts. Keep playing until it proves itself otherwise, and then try another machine. If the slot you picked is paying out next to nothing from the start, that could either be a cold machine or one set for lower payouts, which also means it's time to move on. There are many strategies slots players utilise, but a few rules of thumb will
hold true regardless of where you play.
Average Slots Payout At Land Based Casinos
|| Average Payout
When playing slots games at land casinos, you will likely have machines that offer .01, .05, .25, 1, 5, and 100
credit betting denominations. How do you know which ones offer the best return rates?
The highest denomination ones of course. Casinos generate more revenue by getting
a large monetary turnover. Operators know that less overall money will go
in and out of a .05 credit slot machine during the course of a day than
will in a 1 credit machine. Because more money turns over in the higher-denomination
machines, casinos can afford to offer higher return rates for players.
Your bankroll may not be able to support playing a five-credit
machine for several hours a day, but with a 98.4% payout, it offers
significantly better odds than a .25 credit slot. To take it a step
further, although you would have to be a high roller, the one hundred
credit slots usually offer a near-100% return rate. Even though the machines
don't see nearly as much action as the .25 and 1 credit slots,
so much is at stake on a single spin that allows the casino to offer
a near even money return.
So how much bankroll do you need to play different denominations of slot
machines? Based on a three-coin maximum bet averaging ten spins per minute,
and matched against the according payout rates, to play for an hour
you would need:
- 6.75 credits to play the .05 credit slots
- 26.75 credits to play the .25 credit slots
- 74 credits to play the 1 credit slots
- 145 credits to play the 5 credit slots
Keep in mind that these bankroll figures are only estimates, based
on the average payout across all slots. While playing, your actual
return may vary a good bit from these numbers. To be conservative,
you might try doubling the amounts listed above to ensure one
hour's worth of play, if the length of your session is a concern. Lots of players have won giant jackpots with small bankrolls. In 2001, an Arizona businessman on holiday
at Harrah's Las Vegas won the multi-million dollar Megabucks jackpot
after investing only 22 dollars. The simplicity of the games, and
the high win potential is a big part of what fuels the popularity
of slot machines.
Average Slots Payout At Online Casinos
Like their land-based counterparts, online casinos are capable
of producing large slots wins. Not only have the number of online slots
choices matched - and sometimes even exceeded - the variety found in land
casinos, but their payout rates tend to be even higher. Depending on the frequency and size of jackpots, online casinos
may occasionally even top the 100% mark for overall slots payouts in a given month. While it holds true that players benefit from higher return rates, playing slots online also offers some conveniences over land based play. Gone are the expenses and travel requirements of playing at a brick and mortar casino. Playing slots at home can also be much more informal. For example, a player can play in his or her pajamas, if they choose. For an idea of how well average online casino slot machines pay, the table below shows a recent ranking of top paying internet casinos for slots games:
The numbers on the chart above represent the top five online
casinos in terms of slots payouts based upon an unbiased monthly
audit by one of the largest international accounting firms for the most recent audit period. All
of these casinos' slots games are tested using rigorous accounting
standards to ensure fairness for players, and that the casinos are
providing a consistently high rate of return.
If you'd like to try your luck playing slots online,
browse our list of approved online casinos, which features a number of reputable establishments offering a large variety of slots.
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