The percentage of returns or payout is one of the biggest reasons why an online gamer would choose a specific slot game. It is very logical that one would opt for a slot game that has a 96% of payout than another option that has a lower rate. Returns are commonly referred to as RTP in most online casino websites. This means Return to Player or what a player can expect to get from his or her bets in the long run. The difference in the average payout percentage is going to the house or what is termed as house advantage.
A 96% average payout can be basically translated to $96 for every $100 wager. This is not quite as simple though as it involves millions of players and millions of betting involved. Generally, a $100 bet every day for a month will equal to $3,000. The average payout means that the online gamer has at least a loss of $120 during that span. Obviously, the difference will be the revenue generated by the online casino. Hence, it is very important to choose slot games that offer the highest payout rate.
The best way to go about slot games is to look first for the information regarding average RTP. However, this is not always available, as there are software providers who do not reveal the information for a specific slot game. They do give out payout percentages for the entire slot games, which make the entire strategy worthless. Kudos should be given to online casino companies and their respective software programs that deliver accurate info regarding payouts. It should be enough that the house advantage is already there. The masses should also be given more than a fair chance of winning.
The online gaming masses should also make sure that their preferred online casinos have an independent third party authority that keeps track of payout percentages and actual practice in giving these percentages. Usually eCOGRA is the most recognizable entity in this regard. With eCOGRA, the specific RTP may not be provided, but virtual gamers can be very sure that this body will do checks and evaluations in the most comprehensive manner at random times.
As slot games are based on the RNG or random number generator, the actual losses and winnings can definitely go above or way beyond expectations. This is precisely the reason why slot games have hooked millions of online gamers in their tentacles. The average payout will simply inform players about the usual tendencies over the long run.
Experts believe that slot machines have an RTP around 94 to 96%. The figures can affect millions of people in different ways. A minimum loss of $120 every month may not mean anything to some, but it is quite an amount for others. Thus, online gambling should be treated as entertainment rather than as a source of income simply because of the house advantage. Plus, the average percentage means, well, average. It does not mean that the player will only lose $120. If one is almost always on the winning side every 30 days, then so much the better. But, as experience and the facts show, this is rarely the case.