Easy explanation for slots payouts
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.
