Online Slots Odds For Real Money Payouts
Slot machines are relatively simple and incredibly fun, especially when you play online slots for real cash money. These games are arguably the easiest games to play in any casino, be it in person or online.
Other real-money online casino games available to gamblers – such as blackjack, roulette, baccarat, craps, and video poker – have significantly more rules that traditional gamblers are sometimes not too excited about having to learn. For this very reason, most of them choose to engage in the exciting and simplified slots platform. But whatever your poison, the question remains:
"What are the odds when playing online slots?"
Generally speaking, online slots odds are usually expressed in a payback percentage form. This is true of US online slots for cash and non-USA slots games alike. What this basically means is that the closer you are to getting 100% back on winning, the better.
However, it is very rare to get a 100% return on your wagering when playing online slots for cash. In the early pre-Internet days, machines referred to as 'loose slots' used to be placed near high-traffic areas like casino entrances or buffet tables at land-based venues. These were slots games that offered a very high payback percentage.
Penny slots were effectively a marketing strategy used by managers to attract more slots players to higher house-take titles. The thinking was that with these loose slots, there were frequent payouts to more and more winners, which encouraged passers-by to try their luck. Then, they'd win a few bucks and move to the more risky slots terminals.
Today, the outcome of any slot machine, whether land-based on online, is determined by computer software. This is called RNG software, which stands for Random Number Generation. Such programs decide which combinations show on the reels in a certifiably random way.
Every slot machine ever made has its own set of winning combinations and symbols that align on the different pay lines, with only one combination being related to the jackpot, which is the highest payout possible. It is nearly impossible to predict a win with slots, but as the old saying goes, "You can't win if you don't play."
What isn't rocket science, though, are the odds of playing online slots.
Gamblers who play slots online know that these games have higher payout percentages than land-based slots. They usually come very close to 100% on average, as the payout odds are 95-97%. This means that up to 97% of all money risked on a given slot machine will be paid out in the form of winnings on aggregate.
This is all thanks to the introduction of online gambling.
Due to the fiercely cutthroat competition among online casinos, online slots give out this high return margin in order to attract and keep players. Basically, what this payout rate means is that on a $1 slot machine with a life-cycle of a million spins, then out of $1,000,000 risked, the game pays out $970,000 to the players.
These are odds any gambler can live with!
Your slots odds increase greatly depending on the investment you make with each spin. For instance, a $1 slot machine will have a higher payout than an online penny slot machine.
But there are all types of slots out there, even free online slots. With these, your win rate is not tied to your ante.
What you need to remember is that the odds of a machine paying out is absolutely independent from its past reels and payouts, but that your winnings will be dependent on the amount that you risk.
Understanding the odds you're facing when playing online slot games will help you in developing a personal slots strategy to put those odds to work for you.
When playing 3D slots online for real cash, the odds are pretty much the same as any other video slot machine, except for when it comes to the bonus games. The bonus rounds in 3D slots games allow for player interactions to determine the success of points accrual during the game, hence player choices and skill can play a part in the odds of winning extra spins or credits.
On the other hand, when playing progressive slots online, you have no control over the outcomes, and your chances to win million-dollar jackpots are comparatively slim. But with life-altering payouts on the line, those are paylines that most players are happy to invest in.