Think of a casino, any casino, and one image invariably comes to mind – jingling-jangling slot machine games! Nothing epitomises the amazing appeal of Las Vegas, Atlantic City, Monte Carlo, Macau, or Sun City quite like the inimitable slot machine game. Their simplicity is what makes them so incredibly attractive to players. No specific tactics or strategies are required to hustle the casinos and mint it in style with slots games. These are basically spin and win attractions. If lady luck is on your side, and your bets are placed just right, you stand to win attractive payouts on slot machine games.
And yet, so many folks walk away from land-based casinos having lost money on slot machine games. What is it that casinos aren't telling us? Why do slots consistently deliver for casinos, and not for players? Today, we will tackle all of these topics in detail. There are no easy answers to the questions, suffice it to say it's all about selections. Since slots games are governed by chance, the best we can hope for is a little good fortune, or is it? As it turns out, there is a lot more to slots games than meets the eye. In order to turn these little spinners into winners, it's important to understand a few things about slots games.
In practical terms, an RTP is really easy to understand. It's the payback percentage that you can expect when you play that slot machine game for real money. Let's assume you have slot ABC and slot XYZ as options available to you. The first slot, ABC has an RTP of 92%. The second slot, XYZ has an RTP of 95%. These numbers give you a pretty good indication of where you should deposit your money. Given a budget of £500, a 92% RTP will pay back 92% x 500 = £460 during your session of play. That same budget of £500 will have a theoretical return to player of £475 when you play the slot machine game with a 95% RTP.
Can you trust RTPs? In theory, yes. The RTP concept is theoretical because it is tested by independent agencies such as Technical Systems Testing (TST), iTech Labs, or eCOGRA Safe & Fair for credibility, fairness, and transparency. It is necessary to evaluate the authenticity of RTPs as provided by software developers and online casinos. Recall that this theoretical concept holds true for millions of spins. We could liken it to a coin toss with heads or tails outcomes. Sure, you could land heads 10 times in a row in the short term, but in the long term you are likely to have a 50-50 split between heads and tails – those are the only outcomes that are possible.
With slot machine games, there are countless potential outcomes that can result, and most of them are not winning combinations. Always pick a slot machine game with the highest possible RTP. At least you will not disadvantage yourself this way, since you are playing a slot machine game with the highest possible returns. You can always find the RTP of a slot machine game by navigating to the ‘info’, ‘paytable’, or ‘rules’ section of the slot machine game in question. It takes a little doing, but it's always better (if possible) to find information on the RTPs before you play slots games. Land-based casinos don't make it easy for players to find RTPs on slot machine games. In fact, you are unlikely to find the RTP of land-based slots games, despite your best efforts.
So, if you happen to be in Atlantic City, or Las Vegas, many land-based slots actually have online slots equivalents. You can easily find the RTPs of online slot machine games. At land-based casinos, a.k.a. bricks and mortar casinos, the slots game developers create the payout percentages based on a variety of factors. They have low RTP, mid-range RTP, and high-range RTP options for slots games. The casino itself can choose between low, mid-range, high-range RTPs. So, the same slot machine game can have a different RTP, depending on the land-based casino in question. However, you are likely to find a range, from low to high that will guide you in terms of how to select RTPs. We recommend picking slot machine games with the highest range (the payout on the top end should be the highest). This is in stark contrast to online casino slots RTPs where the slots developer typically offers a single slot RTP across the board.
We realise that this is an incredibly challenging undertaking at a land-based casino. That's why we present you with a few broad rules that you can use to make your decisions easier. Consider the following average RTPs on slot machine games:
CAVEAT: If you happen to read a sign in a land-based casino that says, ‘Pays up to 98%’, don't believe it as holy writ. It may be true that one of the slots may pay up to 98%, or perhaps even a few, but certainly not all of them. Clever phrases are often used to beguile, or at least bedazzle players with marketing gobbledygook. Don't buy into all the hype – stick to the facts.
Variance is used synonymously with volatility. Let's approach this from a different angle. Suppose you enjoyed psychology and assessing the behaviour of people. You would find slot volatility to be quite the topic to pursue. With volatility, you are evaluating the behaviour of the slot machine game. The more you play the slot machine game, the better you understand the volatility. Low volatility slots are associated with low risk. That means you probably get to enjoy longer sessions of play, with less likelihood of losing your entire bankroll in double-quick time. The reason for this is that you would win incremental amounts on a regular basis, padding your bankroll as it is gradually being depleted. Now, consider high volatility slots which are associated with high-risk. With these slots games, you can win massive amounts, but it's feast or famine. Are you the type of player who is prepared to put it all on the line in the hopes of a big win?
If you spend enough time playing a slot in demo mode, you will get pretty close to understanding its volatility. There are other ways to assist volatility, notably the paytable. You can see how much the biggest wins are, and sometimes you will even see a volatility scale which tells you that this is a low volatility, medium volatility, or high volatility slot machine game. Again, we encourage you to practice online slots games in demo mode to understand how-to gauge volatility before you play at land-based casinos.
What's the number? – A lowly 88.12%. But, Mega Moolah is in the Guinness Book of World Records as the biggest online slot jackpot ever paid out. In 2015, a lucky player from England won over €17 million with Mega Moolah slot game.