If you are a new slots player, or just a rare slots player, you may not know or understand slots payback percentages or what they have to do with you and the slot machine that you have chosen to play. A slot machine payback percentage is how much money the machine will pay back to the players in the long run. For example, if you are playing a machine with a 98% payback percentage, you will only lose $2 for every $100 that you wager. Of course this is based on always betting all of the paylines as well as the maximum amount of credits.
There are many things that factor into what a brick and mortar casino's slot machines payback percentages are. Some of the things that may factor into it are; where the casino is located as well as where inside the casino the actual slot machine game is located. Although many people think that casinos have a special switch they can flip to change the payback rates, this is truly no the case. Before slot machines ever reach land casinos, the gaming commission will always play a role in setting the payback rates for a slot machine. The manufacturer then sets the machine to that rate and the machine will always be that rate. Many times the casinos will order a select few slot machine games to have higher payback rates than others. The reason for this is to be able to advertise that they offer loose slot machines.
Since they can not switch the payback rate as easily as some would like to think, casinos move around their slot machines a lot. This is so that players that hit big on a slot last week will come back next week and go to the same machine, only the casino has swapped it out with some other slot machine of the same game or sometimes even a different game all together. Of course it is harder to spot if they have replaced it with the same game, different machine until you start not winning. In the end, there is no way to beat a slot machine because it is pre-set to what payback rate it is going to pay and nothing you can do, no matter how you rub it or push the buttons will change that.
You may also find that there is a difference in payback percentages when comparing local tribal casinos to Las Vegas casinos and of course, online casinos. The one of those 3 to have the lowest payback percentage is the local tribal casinos, their slot machines average at about a 92% payback rate. Las Vegas, Reno and Atlantic City casinos usually have machines that average in the upper 90% with sporadic loose slots of course. Online casinos however, often times have better payback percentages than most off line casinos. The average slot machine payback percentage for most online casinos is around 97%, of course there are many internet casinos that offer payback percentages of 98 or 99%!
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