Have you ever wondered what the high payout slot machines are? When looking for the ideal slot game, every player is at liberty to decide the kinds of slots they want to play or let us say, place their money? In most cases, however, if the player is not seeking to play slots for fun, then that person might want to look for slots that are paying a higher amount of coins. A player looking for the highest payout slots should read about strategies in the common question section.
That is why; you are likely to read some terms such as ‘house advantage’ or ‘house edge.’ The terminology means the same thing, but the wordings are the same. Perhaps, that is even the reason behind players seeking to be part of such games with a relatively higher percentage. For instance, it will not be surprising to see players trying to be part of high paying slot machines such as those that pay 99.5%.
However, that is the same thing, because the house edge as explained above is slightly lower, enabling the slot to have a payout percentage of close to 100%. The mathematical casino expectation is the same. Thus the casino will win an average of 50 cents for every hundred dollars the player wagers on a particular slot. Therefore, the basic understanding of the payback percentage is simply the difference between the house edge and 100%.
The same formula is used when arriving at the payback percentage of other games but the difference is that in other games, apart from poker and slots, there is a different terminology used. While it is a good thing to player to find high paying slot machines, it is better if we say that it is only luck that will give you the results you are looking for. In theory, you can see high paying slot machines but in reality, even those that seem to have a very seductive payback percentage drain players’ wallets damn fast.
Apart from the ‘house edge’ the other terminology use is theoretical hold. What is this term supposed to mean?
This is also another phrase that you’ll find commonly used by writers who emphasize on slots. It only refers to the mathematically expected amount, which a particular casino or gaming site will maintain through the duration of each wager.
In order to arrive at the ‘expected number’ the random number generator (RNG), is used. This is a reputable computer program that is placed inside each slot machine to determine the outcome of each spin.
Even as we look into finding the meaning of some of the terminologies used here, it is important to remember that it is true that all the numbers that will be generated as a result of using RNG are truly random. However, the payouts with regard to various combinations are left to the discretion of each casino. This is so because individual casinos need to be assured of a certain amount of profit in the end.
So, it is easy to know why online casinos make huge profits in the long run because the payback percentage is only set by their internal auditors after a careful study of what they will achieve.