Home -> Casino Game Odds -> Slot Machines

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.

 

 

 

 

 

 

Article Highlights:

Introduction   |   Slot Payouts at Land Casinos   |   Slot Payouts at Online Casinos

 

Triple Double Dollars Reel Slot

Casino: Greektown

Basic three-reel slots are still the most common type of slot machine found at modern casinos, although multi-payline video slots are also very popular amongst players.

Introduction

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. 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

 Denomination  Average Payout
.05
92.5%
.25
94.1%
1
95.9%
5
98.4%

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

play Count Spectacular at Lucky Red Casino

Casino: Sloto Cash

Count Spectacular is an example of a video slot machine, which usually features five or more reels, multiple paylines, various symbols, and is popular at both land-based and 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:

 

#
   Top 5 Casinos
Slots Payout
All Games
Average
1. Dash
103.79%
104.50%
2. Challenge
98.24%
97.67%
3. Captain Cooks
98.15%
98.06%
4. Maple
97.54%
97.51%
5. Luxury
97.12%
97.00%

 

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 free slots and no deposit bonus choices.

 

 

 

Game Odds Articles:

Main Page   |   Baccarat   |   Blackjack   |   Craps   |   Keno   |   Roulette   |   Slot Machines   |   Video Poker

Try a leading online casino with great payouts and variety of slots games.
Advertisement

 

 
 
 
  Related Surfing: Slots
     
 
 

Comments:

 

Related:

  compare online casinos• Find a preferred place to play the slots with key details for each of our recommended online casinos.   play free slots • Have a spin at Cashville video slot (pictured) and over 100 more three and five reel slots games just for fun in free slot machines.  
         
  learn about Progressive Slots• Find background info and check running jackpots for some of the internet's biggest progressive slot machines.   Casino Wins Gallery• Browse winning pictures of three reel, five reel, and progressive slots games, including brief reviews of each in the casino wins gallery.  
   
  learn about Reel Depth Slots• Get a first hand look at IGT's cutting-edge reel depth slot machines found at land casinos. Get info about Mobile Casino Games• Learn about Tomb Raider video slots and many more of the mobile casino games found at popular mobile casinos.
   

 

 

 

^ back to top ^