All About Slot Game Odds »
There are many myths and rumours that surround the online slot machine. Are they programmed to pay out at specific times? Do they pay out less after a player wins the jackpot? Let’s have a look at the misconceptions that characterise most people’s views of online slots.
Firstly, the rule of thumb to always remember is that the simpler the casino game, the less favourable its odds are likely to be. With all their flashing pictures and apparent ease of play, online slots remain most casinos most profitable revenue stream. Why? One, because they require absolutely no prior gambling knowledge for the casual gambler and two, because more serious gamblers will often have a round on the slots for a bit of light relief from more pressing matters.
Second, despite what some online casinos might tell you, payouts are determined by the computer software that governs them. Generally, slot game odds are expressed in terms of a percentage – i.e. the ratio of money paid out as winnings compared to how much is fed in. So, the closer to 100%, the better – some machines even claim to pay out more than 100%; these are the machines which, if you can find them, will give players the best slot game odds available.
However, it is worth noting how these percentages are arrived at. If, for example, a machine claims to pay out 96.5% of the funds entered, it might be programmed to pay out on a regular, systematic basis 96.5 times out of a hundred. However, it may also be programmed to be ‘tight’ for long periods, not paying out until it has accrued enough dividend to pay out in larger amounts, less frequently.
This ultimately does not change the slot game odds, though; you are still statistically as likely to hit the jackpot every reel you play. However, if you are able to find an online slot machine that readily advertises a high payout ratio on sites such as 32Red and Genting Casino, it may well be worth chancing your arm on them.
Reel slots are generally the most popular machines; they are the easiest to understand and have the simplest set up. The most important thing to remember is that they will always be formatted to have a negative payout system. In other words, no matter how many times you play, you are expected to lose. Obviously, the chance of winning significant sums outweighs this rather pessimistic outlook – otherwise no-one would play online slots – and this chance can be augmented. Payout percentages are largely determined by the denomination they accept; the higher the maximum number of coins you can play with, the closer to 100% the payout exchange will be.
Progressive slots and bonus slots all offer considerable winnings if luck is on your side, though small investments can quickly build up into significant losses.