It is crucial to know the odds that online slots offer if you are going to implement a successful strategy and win rather than lose. The same is true in any gambling endeavor, because if you don't know the odds, you don't know what chances you have of winning. And while online casinos are fun and exciting, isn't that why you are there, to win money?
Fortunately, most online casinos are pretty straightforward when it comes to displaying their payback percentage and the individual slots payout provided by the different games they offer. It is also easy to spot the Progressive Payout games, which instantly increase your odds of winning a substantial amount of money, but decrease your overall odds.
Just remember that since online casinos offer the chance of winning thousands and even millions of dollars at some progressive slot games, they lower the overall odds in those same games to guarantee a profit over time. In other words, you get smaller payouts on standard wins, meaning that progressive payout slots usually don't have the best overall odds. But if you want to change your life with one spin of the reels, progressive is the way to go.
Overall, the most important thing to understand is the payback percentage of any game you play. And though it is displayed prominently at every online casino, this is one of the more misunderstood aspects of online slots. While a payback percentage of 92% sounds great, it isn't in the world of online slots odds. If the type of game you want to play is offering a 92% payback, keep looking for a machine that offers better odds. What is misleading about that number is, it does not mean you have a 92% chance of winning, or even of getting your money back.
Simply put, payback percentage tells you the amount a particular game pays on a win, based on how much money was paid in. For example, if you play a $1 machine that boasts a 92% payback percentage, you lose approximately 8 cents for every dollar you win. Obviously, this number is achieved over time, so you will see huge fluctuations in the short term. But generally, stick to those online slot games which offer a 96% payback percentage or higher, and you will ensure that you are getting the best possible online slots odds, maximizing your ability to win, and minimizing your losses over the long haul.