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Online, the payback percentage of most casino slots games is around 99 percent. With so many casinos to choose from, you have to take the time to find the best games with the highest paybacks. It may not be a big difference during one session, but over the longer term of playing the game, it will add up to a significant amount. This casino game is present in every casino and it is among those games with the highest skill curve. Both online and land-based casinos have similar odds of winning. The house edge starts from 0.72% and presents one of the games with the best odds for the players. Like the Return to Player rate, hit frequency is often used with regards to the odds of winning online slots to indicate how likely it is for a game to have a winning outcome, and it is also represented as a percentage. For instance, if a slot has a hit frequency of 20%, it will award a winning combination approximately 20% of the time. Slots have a higher house edge than casino table games. They also have a wide range of odds. The worst slots will take 10% (on average) of every bet. The best can be at 97%+ returns. Planet 7 Online Casino has a list of some of the best casino game odds. These games are statistically proven to have the best odds, and are perfect for players on a budget or for those individuals trying to seriously up their bankrolls. No need to worry, because we at Planet 7 Online Casino have done the math.

Learn about the odds and probabilities of slot machines, including how slots payouts work at land casinos and also at online casinos.

Article Highlights:

Introduction Slot Payouts at Land Casinos Slot Payouts at Online Casinos

Introduction

Attempting to pinpoint the odds for slot machines is a daunting task. With such a variety of machines and games available, the odds can vary a great deal. Generally slots odds are expressed in the form of a payback percentage. The closer to 100%, the better for players. Some machines even pay back at percentages greater than 100%, giving the lucky players who find them a positive expectation for winning. These 'loose slots' are frequently mixed into the sea of machines on a casino gaming floor. For a while, casino operators placed the highest paying machines in high traffic areas like entrances, bars, and near lines for buffets or shows - basically any place a crowd of people was likely to be. The strategy behind the prominent placement of higher paying machines was that since they produced winners more frequently, they would also generate more interest from passers-by, making other players more likely to play at average or low paying machines.

It didn't take long for slots players to figure out this simple strategy, so casino managers shuffled things up a bit. Reverse methods were employed, putting low-paying machines in high traffic areas, and vice versa. These days, there really is no standard procedure for distributing the different pay level machines on a casino floor. Machines are mostly placed at random or in a secret arrangement that only the casino management and staff are privy to. The machines, themselves, still offer a mix of payout percentages with some high and the majority being low to average.

One popular guideline that is easy to follow is to try multiple machines until you find one that pays. Start with a nominal amount of money - such as 20 credits for a .25 or .50 credit machine - and see how it pays. If you are getting more back than you put in, you may have found a hot slot - or one set for higher payouts. Keep playing until it proves itself otherwise, and then try another machine. If the slot you picked is paying out next to nothing from the start, that could either be a cold machine or one set for lower payouts, which also means it's time to move on. There are many strategies slots players utilise, but a few rules of thumb will hold true regardless of where you play.

Average Slots Payout At Land Based Casinos

When playing slots games at land casinos, you will likely have machines that offer .01, .05, .25, 1, 5, and 100 credit betting denominations. How do you know which ones offer the best return rates? The highest denomination ones of course. Casinos generate more revenue by getting a large monetary turnover. Operators know that less overall money will go in and out of a .05 credit slot machine during the course of a day than will in a 1 credit machine. Because more money turns over in the higher-denomination machines, casinos can afford to offer higher return rates for players. Your bankroll may not be able to support playing a five-credit machine for several hours a day, but with a 98.4% payout, it offers significantly better odds than a .25 credit slot. To take it a step further, although you would have to be a high roller, the one hundred credit slots usually offer a near-100% return rate. Even though the machines don't see nearly as much action as the .25 and 1 credit slots, so much is at stake on a single spin that allows the casino to offer a near even money return.

So how much bankroll do you need to play different denominations of slot machines? Based on a three-coin maximum bet averaging ten spins per minute, and matched against the according payout rates, to play for an hour you would need:

• 6.75 credits to play the .05 credit slots
  
• 26.75 credits to play the .25 credit slots
  
• 74 credits to play the 1 credit slots
  
• 145 credits to play the 5 credit slots
  

Keep in mind that these bankroll figures are only estimates, based on the average payout across all slots. While playing, your actual return may vary a good bit from these numbers. To be conservative, you might try doubling the amounts listed above to ensure one hour's worth of play, if the length of your session is a concern. Lots of players have won giant jackpots with small bankrolls. In 2001, an Arizona businessman on holiday at Harrah's Las Vegas won the multi-million dollar Megabucks jackpot after investing only 22 dollars. The simplicity of the games, and the high win potential is a big part of what fuels the popularity of slot machines.

Average Slots Payout At Online Casinos

Like their land-based counterparts, online casinos are capable of producing large slots wins. Not only have the number of online slots choices matched - and sometimes even exceeded - the variety found in land casinos, but their payout rates tend to be even higher. Depending on the frequency and size of jackpots, online casinos may occasionally even top the 100% mark for overall slots payouts in a given month. While it holds true that players benefit from higher return rates, playing slots online also offers some conveniences over land based play. Gone are the expenses and travel requirements of playing at a brick and mortar casino. Playing slots at home can also be much more informal. For example, a player can play in his or her pajamas, if they choose. For an idea of how well average online casino slot machines pay, the table below shows a recent ranking of top paying internet casinos for slots games:

The numbers on the chart above represent the top five online casinos in terms of slots payouts based upon an unbiased monthly audit by one of the largest international accounting firms for the most recent audit period. All of these casinos' slots games are tested using rigorous accounting standards to ensure fairness for players, and that the casinos are providing a consistently high rate of return.

If you'd like to try your luck playing slots online, browse our list of approved online casinos, which features a number of reputable establishments offering a large variety of slots.

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You want to play online slots for real money but don't know where to start. Which casino to trust? Which casino has the best slots? How can I deposit and withdraw money at the casino?

I feel your pain - having been in the position myself at one point - which is why I've done research on the subject. The following are my opinions on which casinos are best for slot machine players.

How I Evaluate Casinos

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I like casinos with reasonable payback percentages. And even if a casino had a low payback, I like the ones willing to share that information and allowing players to make educated decisions instead of marketing 'incredible sign-up bonuses' but refusing to publish how expensive playing their machines really is. (It's easy to offer a great bonus when you're making much more money per bet than your competitors.)

With that said, payback is hardly the only quality you should base your opinion on. For instance, slot machine players (in fact, all casino players) need:

• Entertaining games
• Good service
• Beneficial promotions
• Suitable payment options
• Compatible software

Additionally, slot players need to find online casinos that accept players from their countries. (USA players have had some problems finding casinos that accept them.)

Best Casinos for Slot Players

Slotland Casino claims the highest payouts (98%). They haven't had any private testing agency prove the percentage (as all eCogra-approved casinos have, for example) but I believe they're telling the truth.

I'm also impressed with Loco Panda Casino's claim - 97.5%.

These two casinos are easily the highest payout casinos I've found but they're also completely unlike each other. Slotland only has a no-download slots while you can download Loco Panda to your desktop; Slotland has been in business since 1998 while Loco Panda started in 2012. They have one thing in common: both accept players from the USA.

Based on data from the past six months, Spin Palace has returned 95.97% to players, which is a relatively high percentage as well. Spin Palace is wildly popular in Australia and United Kingdom but doesn't accept players from the USA.

Best Online Slot Games

We, as slot players, never play to have a mathematical advantage (otherwise we'd be fools), therefore we value entertainment above all. An online casino needs more than a high payback; it needs to offer entertaining, high-quality games as well.

Slotland has the highest quality games in the browser.

Bovada/Bodog has the highest quality desktop casino games.

... and others still have work to do to reach their level.

Best Customer Service

We have to deal with a high house edge when compared to most of the other casino games - therefore when we contact a casino's customer service, we have can expect to be served in appropriate manner.

Slotland, Loco Panda and Spin Palace all have a great customer service department, which is why I can wholeheartedly recommend them slot players.

Best Bonuses (and Such)

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I wrote a separate page comparing online slot machine bonuses which proved to be a useful thing to do, since wagering requirements varied from 13x to 51x depending on the casino.

Interestingly, Slotland - the casino that claims the highest payouts - also has the easiest bonus to clear (you need to wager 13x the deposit amount). You'd think that they can't afford to make bonuses that cheap but they've certainly proved otherwise.

Best Payment Method Selection

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All the online casinos that I reviewed had similar deposit and withdrawal options (credit cards, Instadebit, Neteller, Click2Pay, Skrill and ECO Card, wire transfer and cheque).

US players, on the other hand, have one deposit option (credit, debit or gift card, usually VISA, Mastercard and American Express) and two withdrawal options (bank transfer and cheques). The only exception being Bovada, which also accepts Rapid Transfer deposits and withdrawals.

There are differences between how long certain casinos take to process money transactions, how much they charge fees and what are the minimum and maximum deposit and withdrawal limits, which will all be addressed on a separate page once I get around to doing the proper amount of research.

Best Mac Online Slots

Bodog/Bovada have done an admirable job when building their Mac casino softwares. If I were to choose my casino based on which has the best online slots for Mac, I would go with one of them depending on whether I live in the US (Bovada) or outside of the US (Bodog).

Slotland offers popular Mac-compatible slots played in the browser (they have no downloadable versions of their software anyway).

Remember when playing slots online to avoid the scammers and choose a reputable site.