Slots have always been the most played and beloved casino game. It’s fun to play, easy to learn, and if you’re lucky, you can win big. The game is based on luck alone, and the players can’t affect the outcome in any way. Instead, what they can do is learn about the odds beforehand and choose the slot casino carefully.
In this article, we’ll discuss slot odds. Since the outcome of the game is randomized, the players can learn their exact odds of winning and decide whether to play. The players should also be aware of the long-term chances since, in the long run, the edge in favor of the house increases.
How to Learn About the Odds
The best slot casinos are open about the odds of their games. The player can learn about their chances from the casino itself. Those with a good interface often have the percentages and chances front and center so the players can take them into account when choosing the game.
It’s also possible to use online reviews to learn about these statistics if the casino doesn’t provide them on its own. Casinos that aren’t open about the odds are usually untrustworthy, as it shows they have something to hide.
How do The Slots Work?
Slots are a game of luck; each turn’s outcome depends on a random number generator. This software will produce a series of random numbers for each spin. Numbers are associated with the slot symbols, so the RNG produces the outcome.
This means that each spin is random, and the player can’t affect nor predict the outcome. Therefore, the players have no reason to chase their losses and expect a positive result because they had a series of bad turns. Players aren’t owed a win after a lot of losses in a row.
Possible Outcomes
Slots are a game of luck; each turn’s outcome depends on a random number generator. This software will produce a series of random numbers for each spin. Numbers are associated with the slot symbols, so the RNG produces the outcome.
This means that each spin is random, and the player can’t affect nor predict the outcome. Therefore, the players have no reason to chase their losses and expect a positive result because they had a series of bad turns. Players aren’t owed a win after a lot of losses in a row.
The Volatility
Volatility refers to how risky a slot game is. This means that if the slot pays out more often, it’s less volatile, and therefore, the payouts are smaller. When it comes to the slots that are paying out less frequently, their payouts are high and more lucrative. It’s, therefore, a matter of balance between risk and reward.
Generally speaking, there are three types of volatility out there: high, middle, and low. These also reflect how big the payouts are for each of them. Those with larger budgets can afford the risk of higher-paying slots. The bonuses are organized following this ranking.
The Return to Player Rate
The return to player rate is another essential statistic about the slot odds. It refers to the percentage of funds the player receives when playing slots. The return to player rate is always less than a hundred percent, meaning that there’s an edge in favor of the casino.
In most cases, the return to player rate is somewhere between 94 and 97 percent, but for some slots, it can go as low as 80. Those slots are the ones that pay the most.
What Slot Games Have the Best RTP?
There are countless slot games to choose from, each with its own return-to-player rate set by the developer. We’ve set out some of the most popular slots out there. Players love these due to their themes and the good bonus structure they provide.
Quest to the West – 97.53% RTP, Medium Volatility
PayDirt! – 97.50% RTP, High Volatility
Domnitors – 97.31% RTP, Low Volatility
Lucky Lady’s Clover – 97.31% RTP, Low Volatility
Dim Sum Prize – 97.18% RTP, Medium Volatility
The Angler – 97.10% RTP, Medium Volatility
Monster Pop – 97.07% RTP, Medium Volatility
Jack Hammer – 96.96% RTP, Low Volatility
Dead or Alive – 96.82% RTP, High Volatility
Terminator 2 – 96.62% RTP, Medium Volatility
Can a Player Improve the Odds?
The game developer sets the odds, which are a slot game’s key mechanics. Therefore, a player can do nothing to change or improve them. Therefore, the only way to go is to know the chances and choose a slot if you’re satisfied with it.
There are some versions of slots in which the players can affect their chances of winning a bonus. That’s accomplished simply by paying for it. It’s up to the player to decide if the payments are worth it when compared to the rewards of using a multiplier.
Bet Size
It’s also important to keep in mind the size of the bets the players are making. This isn’t affected by the odds but is a player’s choice. Most online slots allow the players to choose the size of the wager they are making, and there’s a range as to what it can be.
The larger the wagers, the bigger the win, and the other way around. It’s best to start with smaller amounts and to increase the bets as you earn more gradually. It also helps to have a baseline bet and to multiply it as a part of the betting strategy while returning to the baseline when needed.
Setting up a Stop-Loss
Regardless of the slot’s risk, a player needs to put tools in place to mitigate the risks further. The most important of such tools is a stop loss. That way, the player won’t quickly burn through their whole budget and chase after their losses.
The stop loss refers to the amount the player is ready to lose and, therefore, after which they’ll stop playing. A stop loss can be automated so that the player is signed out of their account when they reach it.
How to Choose?
The players should choose a slot to use based on the odds of winning rather than any other of its characteristics. The size of the bonuses, the themes, and the gameplay are all important, but none are as important as the odds in the long run.
This isn’t to say that the players should simply choose the slot with the best odds. The point is to create a balance between the odds of winning and the size of the potential outcomes. In many cases, the same slot sites have many different slots available; therefore, the player can amend their choice without changing the site.
Conclusion
Slot odds refer to the chances the player has of winning. The game is based on luck, meaning that a random number generator governs it. The exact odds of winning are, therefore, known and precise. The player can learn about the odds from the site or one of the reviews.
The most important statistics to be aware of are the return to player rate and volatility rate. These show how risky the game is and how big the edge is in favor of the house. Each slot game has a slight edge in favor of the house.
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Featured image: Mike Mergen/Bloomberg via Getty Images
