So earlier I discussed what the payout percentage of an online slots game actually means. In short, it is just the amount of the total wagers made by all of players of that particular online slots game that is paid back to the players.
Note that I said ‘players’ and not ‘player.’ Just because you put money in does not mean that you will get money out. An online slots game’s payout percentage applies to all the players who are playing; it is not how much you are going to receive back.
So what does this mean for you and how does payout percentage factor into slots strategy?
Wait! There is no slots strategy!
True, there is no actual strategy for an online slots game. Strategy is something used to affect the outcome of the game, and there is nothing that can do that for an online slots game. However, you can take an online slots game’s payout percentage and be a smarter player.
While payout percentage does not in any way dictate the amount of money you could win or lose to a slots game, it can help reduce your chances somewhat of losing money.
Here is the situation: you have the choice of playing one of two online slots games; one has a payout percentage of 92% and the other has a payout percentage of 96%. Which one do you play?
You would play the one with the 96% payout percentage. It does not mean that you are going to receive 96% of that game’s payouts. However, it does return 4% more of the total amount of wagers made on it.
Game One, for example, would only return $92,000 of $100,000 while Game Two would return $96,000 of $100,000. That means that Game Two is paying back $4,000 more than Game One. And that $4,000 has to be received by someone. It might go to one player in a jackpot or it might be paid out in little payouts here and there.
The point is that it is paying back more than the other game. So the smart online slots player would play the online slots game that is paying back the most on the grounds that he might be paid more money. The key word there is ‘might.’
A higher payout percentage does not guarantee that an online slots player will receive more, only that there is more money being paid back. And it just makes more sense to play the game that is paying back more.
Tags: online slots, payout percentage, slot betting, slot myths, Slots, Slots Game, Slots Players, slots strategy