Understanding average payout When casinos advertise that their slot machines pay out an average of 90 percent, the fine print they don’t want you to read says that you lose 10 cents from each dollar you put into the machines in the long term. Penny slot machines are almost always the worst games with regard to payout percentages. Larger denominations ranging from a nickel to $5 are all closer in terms of payback. Your theoretical losses will be higher on nickel games and up just because you’re betting more per spin.

There are more varieties of slot machines than you may have ever imagined. Slots were created as a simple game in the 1800s, working as three spinning mechanical reels. The first gambling slot machine had only five symbols: horseshoes, diamonds, spades, hearts, and a Liberty Bell.

Video Slot Machines and Reel Slot Machines

Since that first slot machine, many things have changed, but the concept remains the same. The slot machine will choose a random number for each reel and will slot a symbol into a position on the reel when it stops spinning. The player wins if the reels line up symbols incorrectly on a payline.

There are now video slot machines with multiple pay lines, traditional reel slot machines, and progressive slot machines that can have huge jackpots. You can now play slot machines online and on a mobile phone. While slot machine technology has changed a lot aesthetically, the game still essentially works the same.

Random Number Generator

A Random Number Generator chip operates Today’s slot machines. These RNG chips choose outcomes of the video or reels at random for every spin. There are no patterns or hot/cold streaks, and your odds are the same for each spin with today’s slot machine. The only specific number that an RNG must adhere to is the payout scheduled by the game operator. Slot machines are set to return a specific amount of money played. The minimum amount of money returned to the player is designated by the gaming control board.

The format of a slot machine still plays a role in selecting a machine. Reel slot machines continue the tradition of the original slot machines. Many players continue to enjoy the sound of the reels whizzing around before landing on a payline. Newer reel slot machines still feature that traditional gameplay while competing with video slot machines that have as many as nine different pay lines.

Technology allows video slot machines to have as many pay lines as can fit on the screen. Today you’ll see video slot machines and online slot machine games with up to 100 pay lines. These games can be so elaborate to incorporate video clips of movies, television shows, and music videos. There are even communal video slot machines in some casinos where bonus rounds and progressive jackpots are generated and played by multiple players at different machines.

Higher Limits = Higher Payouts

One of the reasons that players still gravitate to reel slot machines is because many have fewer pay lines so they may take fewer credits to play. Slots with low credit needs come in handy when playing higher limits slot machines. Typically higher limits slot machines will return a higher percentage of money than lower limits slot machines. A slot machine where one credit is equal to $5 will return a higher percentage of the money played, than a $1 slot machine, a 25 cent slot machine, and so forth.

Understanding Slot Machine Payouts Jackpots

Some slot machine players feel more comfortable playing three credits for $15 in a $5 slot machine because of the higher return percentage than they do by playing 50 lines in a 25 cent slot machine. It’s easier for a player to understand the math behind a slot machine with fewer lines and symbol combinations.

A reel slot machine can only hold up to about 20 symbols per reel, so possible combinations are limited. A video slot machine may have up to 100 reels and symbols. Without reading the actual odds on each video slot machine, it’s almost impossible to predict the probability of winning video slot machines. It can be confusing for players who are looking for a mellow activity.

Progressive Jackpots

Understanding Slot Machine Payouts Jackpot

This math comes into play when looking at progressive jackpots on both video slot machines and reel slot machines. Players look at the progressive jackpots and wonder if it will be easier to win with fewer reels than it would be with more. The RNG will dictate when the progressive jackpots will pay out, but the psychology of the game may impact players preference for playing a certain progressive jackpot game.

Progressive slot machine jackpots build by players contributing a portion of their play to a prize pot to be won by one person. Progressive jackpots can be individual slot machines, groups of slot machines in a casino and now even in multiple states. Some progressive jackpots can be so massive that they will change someone’s life, so it’s worth it to know what you’re doing.

Be sure to check out the Ultimate Online Slots Guide for even more in-depth information into how to play slots, slot strategy, as well as, slot payouts and symbols!