Online Slots Payouts – Understand Different Variations

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Posted by: Ivan

Online Slots Payouts – Understand Different Variations

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If you’re one of the millions of online casino players who enjoy spending their free time playing slot games, online slots payouts are something you should know and understand very well.

This will allow you to pick the most rewarding slot games online and get the best value from your money. With that in mind, in this guide, we’ll cover everything you need to know and help you understand different variations of online slots based on their payouts.

Keep in mind that slots are much different from most other casino games such as roulette or baccarat. They are very easy to play and don’t require any previous knowledge, but knowing the information we’re about to discuss will still help you in the long run.

What Even Are Slot Payout Percentages?

Before we dig deeper, it’s crucial to understand what the term “slot payout percentages” stands for.

In simple terms, it shows the average amount of money you will get back in the form of winnings compared to the overall money you put into the slot.

It’s key to remember that this is the average number, so it doesn’t guarantee the same results for every player. For example, some players might land a massive jackpot on one of their first spins, while others could play online slots for hours and only record small wins during the time.

In addition to payout percentages, we should also explain a few notable terms you might come across to further help you understand this topic.

RTP

Return to Player is another name for slot payout percentages. As the name says, it shows how much money the slot returns to the player over a specific period.

While this number doesn’t mean all that much in the short run, choosing online slots with a higher RTP is always better than playing a slot with a lower RTP.

House Edge

This term directly plays off the RTP and payout percentage terms. It presents the remaining percentage when you take away the RTP numbers from 100%.

For example, if a slot has an RTP of 95%, that means the house edge is 5%. This small percentage is there to ensure the house’s profit in the long run.

House edge in video slots

Variance

Lastly, there’s no going about the topic of online slots payouts without discussing variance. Variance refers to how often and how big the slot pays out. From this perspective, there are three types of slots:

  • High variance slots – These games pay out rarely, but once you hit a win, it’ll most likely be a massive one. Progressive jackpot slots are a prime example of this. It’s hard to win any good money on them, and they’ll eat up your bankroll in a blink of an eye. But, if you’re lucky enough to win, the amount you’ll net will likely be in the hundreds of thousands, if not millions.
  • Medium variance slots – This type of slots pays out reasonably frequently and offers you the chance of landing both smaller wins and more rewarding jackpots.
  • Low variance slots – Payouts are frequent, but the amounts are usually very small compared to the previous two types of slots. This variation of slots is great for casual online gamblers who want to get the most playtime and stay on the right side of variance.

All of these have their positives and negatives. It’s up to you to choose the kind of game you enjoy the most, depending on your gaming preferences, bankroll, and expectations.

Why Do Online Slots Have Different Payouts?

Online slot game manufacturers don’t need to comply with any regulations regarding their initial payout percentages when creating a slot game. Moreover, unlike in land-based casino jurisdiction, online gambling authorities don’t usually impose any minimum payout numbers that the slot providers must adhere to.

So, why does each online slot have a unique payout percentage?

The answer is simple. Every slot game’s payout percentages depend on the paytable and the features that are built into it.

For instance, an online slot that’s filled to the top with great aspects and gameplay characteristics probably isn’t the one you want to be playing for profit. If you’re looking to win at slots more frequently, stick to games with simple pay tables and symbols.

Online slots payout numbers

How to Find Slot Payout Numbers

If you’re interested in playing a specific online slot game but first want to find out its payout numbers, there’s an effortless way of doing so.

Checking the payout percentages and other slot math that goes with it is much easier online than when playing in a land-based casino.

You can quickly find this information by reading the game’s information file or checking out the developer’s site.

If neither of these actions provides you with useful results, you can always find help on Google. Simply search your game, and you should get a few relevant results.

Knowing slot payout percentages before you play an online slot is excellent, but even if you don’t manage to learn this information, you can still play the game without any worries. This is because online slots are generally more rewarding than those you’ll come across in a land-based casino.

Most online slots offer payout percentages in the high 90s. Numbers like these are much harder to find in a real brick-and-mortar casino and guarantee your gaming bankroll will last longer and provide much more entertainment.

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