Best Free Slots Online

Not every slot player understands what a slot payback or payout rate is. We want to explain this so players are well informed when they see these numbers at gambling sites. The term payout rate or payback is used interchangeably but they normally mean the same thing. It is represented by a percentage usually below or above 100%.

The percentage is telling the player how well a game HAS paid in a certain period of time. This is something slot players must have very clear in their heads. The payback or payout rate does not predict how a game is going to pay in future wagers, it is retrospective, or in other words, it speaks only of past spins.

The payout percentage is very easy to understand. Let’s make a concrete example. If a casino advertizes a slot as having 98% payout rate, then imagine that if that slot has received $1,000 in spins (say 1000 spins of $1), it has paid out $980. If a slot has advertized 115% payout, then say it receives $100 in bets, it has paid out $115.

Here’s the secret though. The game is not paying uniformly to every player the announced payout rate. The game may be paying 80% to one player and 120% to another but the average of these two makes it 100%. Similarly it can payout at 20% to a player and this player feels the game is a cheat but to another (or several others) it paid out at a good rate over 100%. The average remains good even though not EVERY player receives the good results.

Payout rates are useful to know which slot games have a tendency to pay high but players should never take these numbers as a definite guide for winning. No matter the payout rate, slot machines remain random and it is a matter of chance if a player wins or not.

We hope you find this explanation for slot payout rates simple and easy to understand. We attempted to make it as straightforward so novice players can grasp the idea behind it.

It is not usual to find slot machines that pay over the long run over 98%. Most slot machines it has been reported at Las Vegas, Reno and Atlantic City are set to around 92%. That is quite low when compared to online slots which are normally set to 95% or 96%, a 3-4 point difference is quite significant. One of the main reasons why online slots have higher payout rates is because they aim at brining players to play online rather than take expensive vacations to these gambling oases. Thus online casinos are offering very competitive gambling since players don’t have to spend on hotel and food and still they get higher payout rates than land-based casinos.

Now, if players are looking for perennially loose slots they have to turn to those that are as near to 100% in their payout rates. How can we find out which do, if there are any at all? We ran into a online gambling blog by a reputable online casino. On July 28th, 2009, Superior Casino’s blog revealed their best paying slot machines of all time. This online casino has been operating for more than 2 years. In such a long period slots normally would have paid close to their set payout rates, give or take some decimal difference. Yet, to our surprise and many specialists, they revealed that some of their games have near 100% or even over 100% payout rates.

The game with highest (partial) payout rates was Reel Crime Part 1. We mention partial because only one of the several scenes of the game has paid out that much. The first scene of this game has paid out at 119.23% at the moment that report was run. Then it is followed by its sequel Reel Crime Part 2 which is at 104.99% on its Beach or Bastille Scene. Please note that these games pay highly on those scenes but overall the games have a payout rate around 96%. At that point in Superior Casino’s history there are other games that had high payout rates for the overall game. That includes Scary Rich which was paying out at that point at 100.14% and Jacques Pot at 99.54%.

These last two games are played in one scene so it means that players have really been taking profit from these very loose slots. It is encouraging to find slots that are paying very highly, above the expected payout rate.