What is the truth about the payback percentage of a slot machine? If it says 100% is it certain that I will win back the money I have used for wagering? What is myth and what is reality about the payback percentage of online slots machines? How can I use the payback percentage of an online slots machine to work in my profit? These are the questions that I would like to highlight and answer in this article.
What is actually the payback percentage? And how much of the 98-99% of payback that we see on advertisements is true? It is the result of a mathematical calculation. These calculations are theoretically correct, but in practice the slots machines will return an amount that is very close to the payback percentage but it is not identical with it. The machine can be programmed to return the programmed percentage in more frequent and smaller amounts, or a bigger part could be assigned to the jackpot.
There is a connection between denomination and payback percentage. Basically, the higher the bet denomination the higher the return percentage. Generally, a nickel slot machine would pay back 88-90 percent, quarter machines return about 92 percent and dollar machines offer a payback of 93- 94 percent; basically, the higher the price of a bet the higher the return percentage. The $500 and $1,000 slots promise a payback of 98-99 percent.
How can payback percentages influence the winnings? It seems easy to think that if the higher the bet denomination the higher the return percentage, this means that the higher the denomination, the larger the winning. But what if you do not win but lose? The same rule applies in this case. The higher the denomination, the more money is lost. So it is good to think about the two possible outcomes: you either win more frequently but you win smaller amounts, or you lose big time – or win big time.
And this idea takes us to the jackpot. The payback percentage of a jackpot is higher when you play the maximum coins. So, the more coins you play the more the jackpot will increase. Progressive slots machine take this idea even further. With each coin played, the jackpot will increase. The progressive jackpots can take huge proportions. And the idea is that each player takes a part in the increase of the jackpot but only those are eligible to win it who have played the maximum coins.
The payback percentage calculations are theoretically correct, but in practice the slots machines will return an amount that is only close to the payback percentage. However, regardless of the payback percentage, you may never know when you win. Nor when you lose. And this is what makes gaming fun. Even if you are playing a machine with a 99 payback percentage you may finish your game broke, or you may play one with a payback percentage of 85 with money in your pocket.
