Payback Percentages of Slot Machines

Many casinos advertise that they have the loosest slots in town meaning that their slot machines give the higher percentage of payback. They may guarantee 98 or 99 percent of payback but this can really be deceptive to players.

Payback is the percentage that a slot machine will return to the player in the long run. These are programmed into the computers chips which are set by the manufacturer to the percentage the casino wants for the machine. The minimum payback that a machine returns is sometimes regulated by some states.

You can really win more on a machine that pays out 95 percent compared to a machine that pays out 99 percent of the time. You just lose $100 in a machine that has 99 percent return in just few hours compared to playing a slot machine with just 95 percent of payback which gives you a chance to win $1,000. But the average player cannot play long enough to see the overall return because there is no way of gauging the overall return. The casinos however can check this because all slot machines have meters that record the in and outs of the coins.

Every coin put in by the player and every coin paid out are recorded by the meters inside the slot machines. Even the new coinless machines work the same; they just monitor the credits recorded. If you win the jackpot, you will receive hand paid although these are recorded on the pay voucher when the attendant gets your money. Casinos now have computerized systems that track all of the information from the slots machines and they can determine the payback. The players will never get this information.

It is advisable for you to play the higher denomination slot machines. Higher denomination slot machines give higher paybacks compared to low denomination machines.

However, these new video slot machines with multiple pay lines can be expensive. They require more coins for you to play more lines. The overall cost of a spin will be higher. If you want to spend more time or want your money to last longer or just to want to have fun it is better for you to play the lower denomination machines. That is why there are still lower denomination machines.

You goal in playing slot machines should be to have fun. Just try to play the game you can enjoy at the highest denomination you can manage. You can never play long enough to see the payback percentages of the slot machines.