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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

Casino: Greektown Basic three-reel slots are a common type of slot machine found at modern casinos, although multi-payline video slots are also very popular amongst players.

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

Denomination	Average Payout
92.5%
94.1%
95.9%
98.4%

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

casino: Intertops God Of Wealth is an example of a video slot machine, which usually features five reels, anywhere from five to more than 200 paylines, various symbols, and is popular at both land-based and online casinos. Learn more about God Of Wealth Video Slot or play at Intertops Casino.

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:

Top 5 Casinos

Slots Payout

1.	Splendido
2.	Platinum Play	97.81%
3.	Euro Palace	96.93%
4.	Quatro	96.84%
5.	Virtual City	96.76%
view a ranking of all online casino payouts online casinos for US players

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.

Higher Denomination Slot Machines

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.

Highest Denomination Slot Machine

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Which Slot Machine Pays The Most

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The largest slot denomination online can hugely differ from one online title to the next. For new online players, there can be a lot of confusion when it comes to the betting terms as well as all the options available. Coin denominations, players select on a slot reflects the value of each coin you bet, most coin denominations start from 0.01 while high domination slots allow 25.00, up to hundreds of dollars per spin.

To play online slots for eight hours without going broke you would need a bankroll of about $10 to $20 for betting the minimum bet, although if it is high domination slots you are looking forward to, you would need a considerable bankroll.

At land-based casinos the rule amongst casual players is that if you want to enjoy penny slots you would be okay on a bankroll of about $20, if it is nickel slot then your bankroll should be worth at least $50 but you would be more comfortable with a bankroll of $100. Players who prefer quarter slots would need a minimum bankroll of $250 up to $500. Experienced players who play dollar slots would need a minimum $1,000 up to $2,000 bankroll while high rollers heading straight to the five-dollar slot machines would budget $5,000 to $10,000 for eight hours of weekend play.

High Denomination Slot Machines

Online casinos offer lower betting limits, although there is a secret mostly known by veterans or high rollers and that is that customer services can increase the limits for players. Obviously, this depends on the casino and the software the operator is powered by, one of the reasons why not all online casinos can accommodate high rollers. But it is well worth asking if it is possible to play higher stakes per spin.

If you are playing at an online operator unable to increase betting limits, then find one of the games that feature high betting limits, there are several five-dollar online games and if the slot offers 9 paylines you could be wagering around $45 per spin, which is quite a good amount of action. The benefit is that online casino slots offer a much higher payback percentage when compared to land-based casino slots.