Slot Machine Payback Percentages

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A casino’s payout percentage depends upon the state. At American Casino Guide you will find a state by state listing of payout percentages for casino games. But as I mentioned in my earlier articles, most land-based casinos payout a minimum of 70% to 80% while online casinos payout percentages range from 70% to over 98%. Casino slot machines typically have the highest payouts at 95%. This means that for every dollar you put in, the machine is programmed to give back 95% of it at some point. Other gambling locations such as airports, bars, grocery stores, and service stations typically stock machines that have a 50% to 75% payout. What Do Hit Ratio and Volatility Have to Do With It? The hit ratio is the percentage of time that you can expect to hit a winning combination on a slot machine. Something like 30% isn’t unusual, but it can vary 10% or more in either direction. The casinos want you to a hit a winning combination often enough that you won’t lose interest in I guess that’s realistic, so I never try to talk anyone out of that attitude. Personally, I walk into a casino every time expecting to win a fortune. That’s happened to me only a few times, if a $9,000 jackpot is a fortune. But I have a hopeful attitude. I admit that I’m comfortable in casinos—I’ve been to more than 100 over 25 years. Major casinos pay out 91.3% of wagers; keeping 8.7% of the money bet. How profitable are slots for the house? Look at a casino floor and all you see a multitude of slots. Why so many? Those machines - made for the dumb & lazy - make the casino a ton. As such what you should always be on the lookout for brand new slot machines that have just been placed on a casinos gaming floor, for there is a very good chance those machines will have been set with a much higher pay-out percentage or RTP as the pay-out percentage is often referred to.. Just keep in mind though that once the machine has been on a casino gaming floor for a few days or a Arizona's more than two dozen casinos also tend to pay out a minimum of 80 percent. The same is true of Minnesota. One difference with Minnesota is that the casino cannot return more than 95 percent to players. Montana also requires a payout percentage of 80 percent or better. Casinos in Montana don't have slot machines though. While the state may only require a minimum payback of 86-percent, most video poker and slot machines pay more. The average payback in Nevada is lowest on penny slots at about 90-percent. Dollar slots and some Deuces-Wild poker machines have the highest payback at nearly 99-percent. A looser slot machine pays out often and a higher percentage, whereas a tight machine has a lower return to play and will pay out fewer times. Looser slots are much better for players. This is the reason you find some mobile casinos using loosest slots as a marketing gimmick to attract more slots players. Casinos spend a lot of time and money protecting their games to make them pay out fairly. And where their security stops, law enforcement takes over. Criminal Charges – In most jurisdictions, special laws have been passed making it illegal to cheat or steal from casinos.

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what percentage do casinos have to pay out

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