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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. 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.
Like their land-based counterparts, online casinos are capable of producing large slots wins. Not only have the number of slots choices found in online casinos matched the variety found in traditional casinos, but their payout rates tend to be even higher. Online casinos can occasionally even break 100% in payout rates for a given month.
The Next Generation of Slot
About Online Slot Machine
The result of each spin of a
Slot Machine is determined randomly by a computer program, based on a
percentage payout input by the casino (typically around 95% for online
casinos). This means that for every $100 bet on the Slot Machine, it will
pay out $95 on average over time. A common misconception is that once a
particular machine hits a jackpot, it is less likely to do so in the near
future, and vice versa. The fact is that each spin has an equal,
mathematically-determined chance of hitting any particular combination.
The phenomenon to be wary of with most casino games, and especially slot machines, is called the "churn". You must decide when to stop playing and not simply blow through your entire deposit every time, unless your solitary goal is to hit a Progressive jackpot. The machine may be paying out at 95%, but if you lose $95 out of your $100 deposit, and then keep on playing and lose $90 out of your remaining $95 and so on, you may soon find yourself left with nothing. The upside is that you can win a sizable jackpot, and if you set some goals and know when to quit, you could do quite well.. on a lucky day.
A brief look at what a slot
machine looks like: