Payout Percentage Review

What is the Payout Percentage ?

Players must wager a certain amount of money on slot machines at land-based casinos. They can also choose to do this at their online counterparts. Either way, players are usually interested in knowing a game’s payout percentage. This is the value of the money players can realistically expect to win. The payout percentage of most slot machines is roughly 95%. This means that if a player bets $100 on a slot, they can reasonably expect to win back $95. The other $5 goes to the casino for profit.

Payout Percentage Explained

When slot machines are programmed, the Payout Percentage is then calculated. This is information that is not immediately given to players. In most cases, the Payout Percentage of a slot game is at least 82% but not more than 98%. Most games will pay out more than 98% or less than 82% when players first begin it. However, longer gaming sessions generally result in players winning back 98% of what they bet.

Gambling monitoring boards must not only audit but verify Payout Percentages for every casino game. Casinos generally can’t alter this percentage without obtaining permission from the gaming authority that presides over them. Every country and even every state has a minimum Payout Percentage that casinos must meet. Players may be surprised to find out that in Nevada, the minimum Payout Percentage is 75%.

Loose machines are slot machines that boast a Payout Percentage higher than other games. Players have a better chance of winning money on these games than on machines that aren’t loose. They know to avoid any slot that offers a Payout Percentage lower than the normal expectations.

Another term for the Payout Percentage is Return-To-Player. It is also referred to as the theoretical Payout Percentage.

Before a slot machine is installed in a casino, its Payout Percentage is set. Casinos are usually not able to change the Payout Percentage on their own. Yet, the Nevada Gaming Commission has considered changing this. They have even tried to manipulate technology so that casino owners can change the odds of winning a particular game. This also changes the percentage that games can payout.

Players should consider more than just Payout Percentage when choosing a game. They should also consider the probability the game will pay them winnings. A machine with a low probability would have to be played longer for a win.