Before choosing a slot machine, it is crucial to check certain parameters, such as the return rate. That said, paying attention to specific details will improve your gaming experience and guarantee your winning chances. While some players often think that it’s just a matter of luck, it’s important to know that your winnings depend on your choice of a slot machine. In general, it is advisable to choose the machines with the highest payout rate. How do you do it in this case? That is what this article wants to answer.
How do you know the payout ratio of a slot machine?
Mastering this notion is essential if you want to discover simple and practical tips on how to know the payout ratio of a slot machine.
The payout ratio can also be called the payout rate. It is calculated over a specific time period. It is the percentage of bets made by players that the casino will payout over the same period of time in the form of winnings. For example, a slot machine receives one hundred players over 24 hours.
During these 24 hours, the players will make bets estimated to be worth a total of C$2,000. If the casino’s stated payout rate is 90%, then 90% of the C$2,000 has been paid out as profits during that period, for a total of C$1,800. Therefore, it is imperative that you know the slot machine’s payout rate before placing a bet.
The payout rate is disclosed on the online casino website or the developer of the slot machine (NetEnt, Microgaming, Bally). Should you be unable to find the payout rate, you should contact customer service to obtain this information. Another tip you should know is that the rate should never be below 95%, otherwise you will be playing for little or no money.
You don’t have to worry when you have this payout rate because it is safe. Why do we say that? Because the online casinos that have gambling licenses are entirely monitored with respect to these rates.
Example of a slot machine’s payout rate
It is very easy to calculate the profitability of a game. How does it work? It’s as simple as that! Here’s how to do it in a few minutes. For example, if you choose a slot machine to win money for a 24-hour period, you and other players will bet on it. Let’s assume that your wager reaches C$6,000 and that the payout to the players is C$5,000. To calculate the slot machine’s payback rate, you simply perform this calculation: (5,000/6,000) x 100 = 83%. The payout rate of the slot machine is therefore 83%. Note that this percentage is an average, some players may win more or less. The most important thing is to know on which game you are going to bet.