One of the huge advantages of playing slot machines online is they tend to have higher payback percentages. If a slot game has a higher payout percentage, then you can expect the game to pay back more to the player, which means the longer they will get to play slots in the long run.
What are the payout percentages on slot machines?
If you want to play online slots games, then you need to understand payout percentages. The “payout rate” or “payout percentage” is what the slot machine is designed to pay out to players over time. This number is always going to be less than 100%, since as you’d expect, casinos are in the business to make money.
With that being said, the payout percentage on slot machines can vary depending on the particular slot game you’re playing. If the Return to Player (RTP) percentage of a slot is 98%, then on average, the game will return 98% of every dollar put into the machine. A 98 percent payback will give the casino a 2% house edge. Obviously, the lower the payback percentage, the higher the house edge attached to the game.
The RTP of online slot games is usually between 94-98%, which is much higher than the 88% payback percentage you will get playing most land-based slot games in Las Vegas and gaming venues around the world. Online casinos are able to offer more player friendly games, because they don’t incur the same expenses like brick-and-mortar casinos do.
There is more to consider than just an online slots payback percentage. In theory, the slot machines with a higher payback percentage are going to be preferable to play if you’re looking to extend your play time on your favorite slots, but it is more complex than that. If an online video slot machine has a high RTP and a high hit frequency, it means you’re going to end up with lots of small wins. Sure, you might come out ahead by the end of a particular playing slots session, just don’t expect to win a huge amount from the machine.
The riskier high volatility slots are what you want to play if you’re looking to win something significant enough that will make you want to brag about the win to your friends. There is obviously more risk involved in playing these high variance online slot games, but the potential payoff can be huge, especially when you hit big multipliers in bonus games! You’ll just need a bigger bankroll to support the swings that you will inevitably experience playing these games.
Short Term vs. Long Term
You also can’t ignore the short term versus the long term when playing online slots games. As online slot games are completely random (using an RNG) – even though a new online slot game may boast a RTP of 98%, it does not mean the machine is guarantee to pay when you play it. Every individual playing session will be different, and it’s entirely possible an online slot with a lower RTP pays out more that particular day. It is all part of the natural swings inherent in slots, and it’s only after an enormous number of spins that a game will begin to show results indicative of its true payback percentage.
Finding the Highest Payout Online Slots
The best online slot games are those with a high RTP and low hit frequency, since they’re programmed to payout more, and the less frequent wins will be much bigger. They aren’t as common as the tighter and mid-range slots, but a lot of the time, you can find them simply by looking at what slots others are playing.
Many online slots players do their homework when it comes to finding the best slots games to play, so you can easily spot the highest payout slots just by looking at the non-progressive online slots games that get played the most. As you’d expect many people flock to these higher paying games because they are more favorable to players.
Some of the latest online slots which arrived in online casinos have higher than average payback percentages, and they have been developed by all the leading casino game providers, so make sure to definitely check these new games out. I think many slots developers and operators are realizing that by offering higher payout slots, they provide more value to players, and this is what keeps them returning and recommending slot games to other players.
In addition to this, many online casino websites have a top games category in their lobby, which features all the latest and great high payout slot games with exciting bonus games, and many of these games can be played instantly in a web browser.