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We've all seen the reports that prove that generally speaking, the higher the denomination of the slot machine played, the higher the payback%. But what about a machine with a range of denominations? If I change a machine from $0.25 to $1.00 to $5.00 per credit, do. Going to a Higher Denomination. Moving to a higher denomination generally has an impact when it comes back to the payback percentage of the average machine. As a general rule, casino slot executives will reward players betting on higher denomination machines with an overall better payback percentage.

Learn about the odds and probabilities of slot machines, including how slots payouts work at land casinos and also at online casinos.

Article Highlights:

Introduction Slot Payouts at Land Casinos Slot Payouts at Online Casinos

Introduction

Attempting to pinpoint the odds for slot machines is a daunting task. With such a variety of machines and games available, the odds can vary a great deal. Generally slots odds are expressed in the form of a payback percentage. The closer to 100%, the better for players. Some machines even pay back at percentages greater than 100%, giving the lucky players who find them a positive expectation for winning. These 'loose slots' are frequently mixed into the sea of machines on a casino gaming floor. For a while, casino operators placed the highest paying machines in high traffic areas like entrances, bars, and near lines for buffets or shows - basically any place a crowd of people was likely to be. The strategy behind the prominent placement of higher paying machines was that since they produced winners more frequently, they would also generate more interest from passers-by, making other players more likely to play at average or low paying machines.

It didn't take long for slots players to figure out this simple strategy, so casino managers shuffled things up a bit. Reverse methods were employed, putting low-paying machines in high traffic areas, and vice versa. These days, there really is no standard procedure for distributing the different pay level machines on a casino floor. Machines are mostly placed at random or in a secret arrangement that only the casino management and staff are privy to. The machines, themselves, still offer a mix of payout percentages with some high and the majority being low to average.

One popular guideline that is easy to follow is to try multiple machines until you find one that pays. Start with a nominal amount of money - such as 20 credits for a .25 or .50 credit machine - and see how it pays. If you are getting more back than you put in, you may have found a hot slot - or one set for higher payouts. Keep playing until it proves itself otherwise, and then try another machine. If the slot you picked is paying out next to nothing from the start, that could either be a cold machine or one set for lower payouts, which also means it's time to move on. There are many strategies slots players utilise, but a few rules of thumb will hold true regardless of where you play.

Average Slots Payout At Land Based Casinos

When playing slots games at land casinos, you will likely have machines that offer .01, .05, .25, 1, 5, and 100 credit betting denominations. How do you know which ones offer the best return rates? The highest denomination ones of course. Casinos generate more revenue by getting a large monetary turnover. Operators know that less overall money will go in and out of a .05 credit slot machine during the course of a day than will in a 1 credit machine. Because more money turns over in the higher-denomination machines, casinos can afford to offer higher return rates for players. Your bankroll may not be able to support playing a five-credit machine for several hours a day, but with a 98.4% payout, it offers significantly better odds than a .25 credit slot. To take it a step further, although you would have to be a high roller, the one hundred credit slots usually offer a near-100% return rate. Even though the machines don't see nearly as much action as the .25 and 1 credit slots, so much is at stake on a single spin that allows the casino to offer a near even money return.

So how much bankroll do you need to play different denominations of slot machines? Based on a three-coin maximum bet averaging ten spins per minute, and matched against the according payout rates, to play for an hour you would need:

• 6.75 credits to play the .05 credit slots
  
• 26.75 credits to play the .25 credit slots
  
• 74 credits to play the 1 credit slots
  
• 145 credits to play the 5 credit slots
  

Keep in mind that these bankroll figures are only estimates, based on the average payout across all slots. While playing, your actual return may vary a good bit from these numbers. To be conservative, you might try doubling the amounts listed above to ensure one hour's worth of play, if the length of your session is a concern. Lots of players have won giant jackpots with small bankrolls. In 2001, an Arizona businessman on holiday at Harrah's Las Vegas won the multi-million dollar Megabucks jackpot after investing only 22 dollars. The simplicity of the games, and the high win potential is a big part of what fuels the popularity of slot machines.

Average Slots Payout At Online Casinos

Like their land-based counterparts, online casinos are capable of producing large slots wins. Not only have the number of online slots choices matched - and sometimes even exceeded - the variety found in land casinos, but their payout rates tend to be even higher. Depending on the frequency and size of jackpots, online casinos may occasionally even top the 100% mark for overall slots payouts in a given month. While it holds true that players benefit from higher return rates, playing slots online also offers some conveniences over land based play. Gone are the expenses and travel requirements of playing at a brick and mortar casino. Playing slots at home can also be much more informal. For example, a player can play in his or her pajamas, if they choose. For an idea of how well average online casino slot machines pay, the table below shows a recent ranking of top paying internet casinos for slots games:

The numbers on the chart above represent the top five online casinos in terms of slots payouts based upon an unbiased monthly audit by one of the largest international accounting firms for the most recent audit period. All of these casinos' slots games are tested using rigorous accounting standards to ensure fairness for players, and that the casinos are providing a consistently high rate of return.

If you'd like to try your luck playing slots online, browse our list of approved online casinos, which features a number of reputable establishments offering a large variety of slots.

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Return to player (RTP) is very important in regard to the long-term chances of winning with slots. RTP (a.k.a. payback) refers to how much slot machines are programmed to pay out in the long run.

Higher payback means that a game gives you a stronger chance of winning. Therefore, you’ll do well to know the RTP behind any game that you play.

You’ll discover that it’s really easy to find payout percentages for online slot machine games. A simple Google search will produce the RTP for most internet games.

Unfortunately, you’ll have a much tougher time figuring out the RTP of land-based machines. In fact, this information is rarely available.

Is there still a way for you to determine payout percentages for slot machines in brick-and-mortar casinos? I’ll answer this question by covering more on the difficulties of finding RTP for land-based slots and if it’s ultimately possible.

Higher Denomination Slots

Why Isn’t RTP Available for Land-Based Slots?

Unlike with many online slots, you can’t just find the RTP for land-based slot machines through Google. Your efforts will turn up little to no results.

The problem with slots in brick-and-mortar casinos is that they don’t have uniform payback across every casino. Instead, game developers allow casinos to select payout percentages based on a list of options.

Here’s an example on how this works:

• WMS is offering Monopoly Party Train slot to Vegas casinos.
• They feature the following RTP options: 92.5%, 93.5%, and 94.5%.
• Caesars Palace orders this game at 93.5% payback.
• The Venetian orders Monopoly Party Train at 92.5% RTP.
• Treasure Island orders this slot at 94.5% RTP.

You can see the obvious challenge in trying to provide payback numbers for such games. A website could list Monopoly Party Train at 93.5% RTP, which is middle ground.

Most online slot providers differ because they offer their games at a uniform RTP across every casino. For example, Rival Gaming will feature Spy Game with 95.1% payback at each online casino it serves.

Some exceptions do exist in the online gambling world. RealTime Gaming (RTG), for instance, allows its casino clients to choose 91.5%, 95%, or 97.5% RTP for a given game.

You can’t find payout percentages for RTG games either. Nevertheless, you can still learn the payback for the vast majority of internet slots.

How Can You Figure Out the RTP?

You won’t be able to find the exact payout percentages for most land-based slot machines. But you can at least get a good idea on the matter through a few different methods. Here are some ways to learn the RTP for brick-and-mortar casino slots.

Make General Guesses Based on Coin Denominations

Casinos like to reward gamblers who are willing to risk more money per bet. Therefore, they order higher RTP for games with larger coin denominations.

Here’s an example on how this works:

• Penny slot machines = 88% to 90% RTP
• Nickel slot machines = 91% to 94% RTP
• Quarter slot machines = 93% to 95% RTP
• Dollar slot machines = 94% to 96% RTP
• $5 slot machines = 95% to 97% RTP

Penny slot machines are almost always the worst games with regard to payout percentages. Larger denominations ranging from a nickel to $5 are all closer in terms of payback.

Your theoretical losses will be higher on nickel games and up just because you’re betting more per spin. Nevertheless, you can still get more value per dollar wagered with the higher-denomination machines.

Read State Gaming Reports

Rather than making generalizations about coin sizes, you can always check out state gaming reports. These reports show the average payout percentages (or house edges) for each coin denomination within a given state’s casinos.

For example, you might look at a Nevada Gaming Commission (NGC) release and see that dollar slot machines are offering 94.79% RTP on average.

Interestingly enough, the NGC reports specific payout information for Megabucks. This IGT product is the most popular slot in all the popular Las Vegas casinos and warrants more detailed info.

You won’t find the exact payout percentage for an individual game, but you’ll at least have a better guideline with these reports.

Email a Casino and Ask

One more option involves emailing a casino directly and asking them about their RTP for a specific slot machine.

The problem here is that customer service will often state that they don’t have this information available. But in certain cases, you may actually receive a real answer.

You shouldn’t count on this method majority of the time. It’s at least worth trying, though, if you’re desperate to find out the RTP for certain slots.

Slot Denomination

What to Avoid When Searching for Land-Based Slots Payback

You can see that there are a few different options for determining the payback for land-based slot machines. But there are also measures that you want to avoid on your payback-finding quest, including the following.

Relying on Signs Inside of Casinos

Many casinos hang signs above a bank of slot machines that will read something like, “Pays up to 99%.”

These signs are very effective at drawing players to slot machines. After all, who wouldn’t want to play a slot that only has a 1% house edge?

Unfortunately, these signs are also very misleading. Only one of the machines within the section has to offer 99% RTP.

The rest could pay as low as 90% RTP and still make the sign valid. Therefore, you can’t rely on much information that the casino supplies you with.

Using One Good Session to Determine Quality Payback

Slots are extremely volatile games that may pay a lot one session, then offer very few prizes for the next five sessions. Therefore, you can never use any single outing to judge how a game pays.

Many gamblers still make this very mistake. They’ll have one hot session with a game and believe that it offers a high payout percentage.

It would be great if finding RTP for land-based slot machines was really this simple. The reality, though, is that it’s anything but.

Blindly Believing Ads for the “Loosest Slots”

I’ve seen plenty of ads for loose slot machines when driving on the interstate. These billboards suggest that a given casino features slots with high RTP or frequent payouts.

However, “loose” is a broad term that doesn’t really mean anything. State gaming laws don’t put parameters on what constitutes a loose game.

Casinos can make this claim, regardless of whether it’s true or not. That said, you should take any such advertisement with a grain of salt.

Conclusion

You may think negatively about land-based casinos upon being unable to find RTP for their slots. After all, you don’t have to spend much time at all finding payback for online slots.

High Denomination Slots

However, providers are the ones who choose whether to or not to release payout percentages. They can’t accurately do this with slot machines at brick and mortar casinos, because providers feature different RTP options.

One casino may order a slot at 93% payback, while the next orders it at 95% RTP. Developers are therefore unable to offer a uniform payout percentage for each slot.

The good news, though, is that you don’t have to give up hope. Instead, you have a few options for finding general RTP figures.

The easiest method is to make generalizations based on coin denominations. Simply put, the higher coin denominations usually offer better payback.

You can also read state gaming reports. These releases show the average amount that each coin denomination pays out within a given state’s gambling venues.

Finally, you can always email a casino directly and ask about a specific game. You won’t get the desired answer most of the time, but it’s worth trying.

Higher Denomination Slots Meaning

In summary, finding the RTP for an individual land-based slot is impossible in most cases. But you’ll still have a general idea on how much these slots pay by following the previously covered tips.