Understanding slot machines and payback percentages
Slots are by far the most popular casino games and online is no different. Most people play slots for the entertainment value they offer or for the promise of winning a life changing jackpot. Not many pay much attention to slot payback percentages and how understanding them could improve your chances of winning. It’s definitely worth it for all slots games to understand these.
The payout percentages determine the percentage a slot machine will pay out of the payout, or the total amount wagered on the machine. The payback percentage of a slot machine game is directly related to the house edge, or the casino’s expected net winnings from that game. For example, a slot machine that advertises a 94% payback rate has a house edge of 6%. The house edge for all online casino games is well known and advertised, including table games like blackjack.
However, there is a slight difference in how slot machines payback percentage is applied to players’ expected winnings versus the house edge in a table game. Let’s say, for example, you are playing a 5-c slot machine, with an initial bankroll of $ 50, and after one play session you will end up with 60 credits on the machine. His recovery rate during this session was 60/50 = 120%. Now let’s say you keep playing with your $ 60 and end up with a bankroll of $ 38 after 60 spins. From the moment you started playing, the slot machine game cashed out ($ 50 $ 60) and returned ($ 60 $ 39), which equates to a 99/110 or 90% payback percentage. Now, if you keep playing with your remaining $ 39 balance; and end up with judi slot online a balance of $ 35, the refund is calculated as (60 39 35) / (50 60 39) = 134/149 = 90%.
You will agree that this example is quite realistic if you play slots, and even more so because slots are much more volatile in most cases. Unfortunately, with slots, you may continue to play and experience a much lower payback percentage than in the example, and your pullback will diminish over time. Of course this changes as soon as you hit a jackpot as the payback percentage will increase and may exceed 100%. The golden rule for slots players is to stop playing when this happens which of course is very difficult to do.
Most people will believe they are on a reel and keep spinning, based on the game’s expected payback percentage, you will invariably lose more games. The people who make money playing slots are the ones with discipline. But the popularity of slot machines lies precisely in this volatility, because there will always be players who will win a big jackpot. The downside is that volatility will have the opposite effect for most players who are unable to exercise discipline. Sometimes you will play your bankroll and lose a lot, but if you play regularly, you will probably make small gains just as often. Most people keep moving forward which is why the casino loves slots games. Ultimately, most of us who love slots play us for the great entertainment they offer. Why not play cautiously and, in the long run, protect your bankroll and thereby increase your chances of hitting a small jackpot?