How Often Do Slot Machines Payout
Additionally, the only kind of slot machines allowed are electronic video slot machines. Therefore, you will not find any mechanical slots that have traditional reels - only video screens According to the terms of the compact between the state and the tribes, however, the minimum and maximum payouts are regulated as follows: video poker. If you still honestly believe that your casino is lowering the return rate on the slot machines you have several courses of action. The easiest thing to do is to play the older machines. It is doubtful that a casino would go through the expense of putting a new chip in an older machine to lower the return rate. You can try a new casino. As slot machines can and often do stay in place on a casinos gaming floor for many years, one way that a casino owner or operator will ensure players have a good playing experience when any new slot machines are placed on their gaming floors is by increasing the pay-out percentages for a few days or weeks.
- How Often Does A Slot Machine Payout
- How Often Do Slot Machines Payout
- How Often Do Slot Machines Payouts
It’s impossible to predict if a slot machine will pay out at a specific moment; anyone claiming otherwise either doesn’t understand how slot machines work or they work as a casino promoter.
If it were possible to identify precisely when a slot machine is about to pay, then the casinos would lose money, and we are all aware of the fact that it usually doesn’t happen. Internet gaming establishments are well-oiled machines built to provide you with entertainment in exchange for money.
However, don’t close this article just yet. The fact that there is no foolproof way to win money on slot machines every time doesn’t mean that it is impossible.
As you probably already know, the odds included in slot machine games are based on the mathematical probability. So, if you learn how those odds work, you might be able to use these findings to your advantage and make some profit.
What we’re actually saying here is that with a good strategy in play and a decent understanding of how to recognize (or at least assume) when a particular slot is about to pay out, you can increase your chances of winning.
We’ve done our homework and poured over countless slot machine tips and tricks in order to learn how to recognize the moment when a slot machine is about to pay out. After a lot of digging, we were able to create a list that shows the most effective strategies you can implement to overcome the ‘randomness’ of slot machines.
Play Only Slots With the Biggest Payouts
This piece of advice seems rather obvious but bare with us for a moment. Everyone who has played in either a brick-and-mortar or an online casino is familiar with the phrase ‘house edge’. For those who have heard about this term but aren’t quite sure what it means, we’ll try to clear things up a bit.
The term ‘house edge’ refers to the mathematical advantage that the gaming establishment has over players. This advantage results in a guaranteed percentage that is returned to the online casino over time. In other words, casinos always beat the players in the long run since the odds are stacked in their favor. You must have heard about the phrase ‘the house always wins’? Well, the house in this phrase is a casino, and you can see for yourself why it always wins.
However, don’t fall into despair yet as all is not lost.
Although the odds are stacked against players, it’s still possible to win. In fact, every slot machine has a theoretical return to player based on statistics which is called the RTP (Return to Player).
The average RTP for most slot games is somewhere between 90–96 percent. Therefore, every slot game that has the RTP over 96% is always a good option. A couple of percentage points difference may seem meaningless, but trust us — it makes a lot of difference over thousands of spins. For those reasons, it’s always a good idea to do a little digging before you start spinning the reels.
How to Find the RTP of a Slot Game?
Finding out the RTP of a particular slot game is quite easy. There are plenty of websites which review online casinos and write about their game selection, as well as their respective RTP’s.
Simply put, you stand a better chance with the higher RTP slot games. This particularly is the case when you’re playing through bonus spins.
Entertainment vs Big Wins?
This factor is almost as important as the RTP when it comes to choosing an online slot game. Volatility, sometimes called variance, in slot games measures how often and how much you can expect to win during your playing sessions.
Higher volatility slots usually feature long dry strakes with occasional big wins. Since the payouts are substantially higher with high volatility slots, you might sometimes end up clicking the Spin button relentlessly, only to watch your bankroll dwindle. However, when everything lines up perfectly… boom! You’ve hit the jackpot that made the long dry spell worth it! One of the best high volatility slot games is the Book of Ra, created by Novomatic.
On the opposite side of the coin are the low volatility games where payouts are much more frequent but more much smaller. We are not saying that large wins are impossible with these games — far from it. It’s just when they do happen, they are not on the same scale as the ones available with the high volatility games.
It’s really up to the player and his preferences — if you prefer playing games where little wins pop up every couple of spins, then go for the low volatility games. On the other hand, if you are hoping for making the big bucks and are willing to take necessary risks, then we recommend high volatility games.
Online casino platforms aren’t quite eager to hand out the information about the game’s volatility, but it becomes obvious after playing it for a certain time. There isn’t such a thing as a ‘good’ or ‘bad’ volatility — it’s just a question of gambling style and personal preference.
Use the Bonuses in Your Favor
One way to put up a fight against the house edge is by taking advantage of the bonuses. As most of you probably already know, the majority of casino sites offer free spins/free money/ bonuses as incentives to lure new customers. Those bonuses can prove beneficial and turn the odds in your favor.
Of course, don’t expect that the bonuses will last forever. But while they last, you can definitely make the most out of them and clean up some easy cash. On that note, there is no reason why you shouldn’t search around and take advantage of different promotions.
Slot Machines FAQ
Below we’ve answered some of the most frequent slot-related questions. We know that slot machines pose a mystery, and we’ll help you unravel it.
Is gambling on a slot machine really random?
Yes, it is. All slot machines in all online casinos operate by using the RNG, a computer-run program that randomly chooses numbers. A reliable RNG generates numbers that are not related to each other in any way, thus ensuring that your games are fair and random. All types of bonus rounds are predetermined by algorithms, regardless of which slot game you play.
Are slot machines really streaky?
Yes, slot machines are streaky, and they tend to get cold and/or hot. But it’s all the same for you as you have no way of predicting when a slot machine will become hot or cold. These patterns that happen from time to time look like streaks of bad luck or good luck, but they are not based on anything — that’s just the nature of random events.
How can I find a slot machine that suits my gambling style?
It depends on your preferences — if you’re up for cheap entertainment, you should find games that allow a cheap max bet.
If you’re looking to win a massive jackpot, you should concentrate on progressive games and games that feature lots of bonus rounds. These games have high volatility, which means that payouts don’t happen very often, but when they do, they are substantially bigger.
If you just want to have a good time and money isn’t an issue, look for the latest developments. These games feature plots and characters from popular TV shows, movies, sports, and so on, and offer bonus rounds and other fun extras.
Is there a strategy I could implement to increase my chances of hitting the jackpot?
Unfortunately, there isn’t. All possible outcomes are controlled by a Random Number Generator and there is no betting amount or a specific strategy that will make it more or less likely for you to hit the jackpot. However, have in mind that in most online casinos (and land-based for that matter) you have to bet max in order to qualify for the slot jackpot payouts.
What’s a good strategy for playing slot machines?
Before you start spinning the reels, find out the payout percentage of the selected slot machine — don’t play anything that has the RTP below 95 percent. If you are a high roller, go for the high volatile games and chase the main jackpot. Make the most out of the available casino bonuses — they can increase your winning chances by providing extra spins. Avoid the latest licensed slots if possible because, according to various sources, they are more likely to feature fewer payouts.
The fact that matters is that you can’t use some special skill to outsmart a slot machine and change the payout percentage of it. But you can try certain strategies that can maximize your chances of winning.
Since jackpots online and offline have been in existence, people have asked themselves the eternal question, how often do slot machines hit the jackpots?
It’s been a question inviting both hope and trouble. We’re here to discuss the odds of slot wins and look under the hood of how big slot wins online and offline work, and more importantly, how often they occur. There’re several key aspects of the experience to consider before you can make an informed decision. The main things you should be looking into when it comes to playing slots are:
- The Return to Player (RTP) rates of the game
- The slot volatility, i.e. frequency of payout
- The actual probabilities of landing a big slot win
Before we delve into the essence of how often slot machines payout, we must be perfectly honest with each other; we can’t distil the nature of slot payouts to a pristine formula and no matter how good we are at understanding the why behind these games, there will be a substantial part that will depend on pure luck alone, even if you play at the best paying slots sites around.
Slot Machines: The Basics
Each slot machine comes with a randomised outcome thanks to the technology in the very crux of it – the Random Number Generator (RNG). RNGs are cutting-edge algorithms that guarantee the “complete randomness” at a casino. The RNG is needed to help computers create randomness, as they are programmed to predict an outcome and don’t understand “random” the same way you and we do.
When it comes to actual casino play, there is absolutely no way of knowing when a jackpot will arrive. The average pay cycle for each game will vary. It’s worth logging your spin outcomes as it can help you determine when the jackpot window has a more probable chance of being open. However, the complete randomness of the RNG makes it impossible for anyone, be that a supercomputer or a mathematical wiz, to determine the outcome or be able to call the exact time a big jackpot will actually hit.
Tempted by the idea of imminent big slot wins, many players have been persistent in their determination to spot the patterns.
Progressive Jackpot Patterns in Slots
It’s worth spending more time observing rather than playing yourself. In 2016, the win cycles for Mega Moolah happened every 70 days, give or take, but it’s worth noting that there were only four payouts the entire year.
The payouts started early in April and continued through late November. In 2019, we’ve already witnessed slightly more hectic results that haven’t followed a particular pattern so far. The first win came on January 30th, 2019, followed by another one on March 5th and then another one on March 6. If the wide-spread trend repeats itself, we can expect the next jackpot to hit 33 days from March 6th, around April 8th or before that.
This would be a fair observation. In 2017, the space of each was at least a month, but not exceeding two months. There were 13 wins in total, the game’s largest number on record.
Does capturing historical statistical data help determine when a mega jackpot is likely to payout?
How Often Does A Slot Machine Payout
The answer is – not really. While there is some evidence to suggest that payout cycles happen in a window of one or two months, we have no way of knowing how many slots wins there are going to be on any given specific year.
There is a reason why certain games never manage to amass a multi-million jackpots, this has to do with the return to player (RTP) rates and the volatility.
Consider the RTPs in Slots Online
Just because an outcome is random, doesn’t mean we can’t pick the games statistically more likely to payout. Whether it’s a progressive jackpot or a fixed jackpot, the Return to Player (RTP) will tell you a little something about what to expect.
Now, here’s the thing about RTPs. They are accurate, but in order to get them right, you will need to play around 10,000 spins. Anything below that, and you may end up with deviations. Playing less than 10,000 RTPs can still turn out accurate, it’s just for the most accurate results, you will have to play through towards that figure.
It’s like flipping a coin 10 times vs flipping it 1000 times, you can certainly expect that 50-50 outcome to be more accurate after 1000 times than 10 times when a freak outcome of 80-20 is more probable. RTPs don’t factor the bonus amount, so when considering them you must keep that in mind and regard them as something that will help you extend your stay at a casino and keep a healthy budget.
How Often Do Slot Machines Payout
If you do avoid the progressive games, you can guarantee yourself a slightly more controlled type of play and less risk in exchange for more frequent returns.
Slot Volatility: Pay Attention
‘Volatility’ in slots and other casino games refers to the payout frequency a slot has and how much is paid. Again, this is more applicable to your regular slots wins rather than the big slot wins you want to get by landing a mega jackpot. And yet, volatility will help you plan your bankroll just a little bit better.
Playing high volatility games means that the payouts will be bigger, but you will also have more cold streaks when the spins won’t get you any return. With low volatility, you will enjoy frequent payouts, but not really big winnings.
There are trade-offs and depending on your budget, you will find both slots applicable. When it comes to jackpots, Mega Moolah, which we used as an example here, is definitely on the high-end of the volatility spectrum. So don’t be too disappointing if you have a run of 10 or 20 spins with no payouts at all, that’s just the nature of a high volatility slot game.
If you are looking for low-volatility jackpot games, you can opt for a game such as Dead or Alive by NetEnt. The standard jackpots payout around 200-1000 coins a payout, making this game a perfect pick for those of you who enjoy slot machine jackpots but don’t have a larger bankroll than you need to play through for the mega jackpots.
Staying on Top of Your Bankroll
If you are keen on getting some decent slot wins, you needn’t necessarily go after the highest-risk games. It’s quite possible to build slot wins incrementally, indulging in games that have steadier, even if somewhat smaller payouts.
How Often Do Slot Machines Payouts
Jackpot hunting is a tough game and while quite a few people report big slot wins you will have to remind yourself that luck has no small part to play in the final outcome. Only after realising this can you use the other information you have learnt here to better your odds at securing a hefty prize.