Understanding Payout Percentages in Online Slots

When you start playing at online casinos, you may see the work payout percentages floating around a lot. If you are clueless as to what it means, then you will shortly find out as this article is discussing precisely that.

What Are Payout Percentages?

Payout percentages are in charge of measuring how much money players can expect to win on average. In other words, payout percentages let the player know the proportion of money that has been bet and that will be paid out in winnings. Payout Percentages are also commonly known as RTPs, which stand for the return to player rate. For example, if a casino advertises that they have got a payout percentage, or RTP, of 97%, then that means that the casino will pay out $97 for every $100 wagered on average. It's important to remember that the RTP isn't measured based on your personal sessions, but rather it is measured over time, over many other players too. Sometimes it can take as many 20,000 games for the return to player rate to be advertised.

Are Payout Percentages Trustworthy?

If you see an RTP, or payout percentage advertised, then you will know that the game has been played many times for them to find it out. It is 100% trustworthy as it is illegal to post misleading information on their websites. When choosing a slot game to play, be sure to take heed to the RTP and payout percentages, as these are what make the game worthwhile. If we didn't have variance, there would be no chance of gambling $1 and then receiving $100,000 in a fruit machine jackpot. Then again, these chances are never reliable, it is all just luck of the draw. The only downfall to payout percentages is that when a player first sees such a high percentage, they immediately think "Oh! With this slot I am going to win big!". This is often not the case. You must be aware and prepared to lose all that you have bet, as that is just the way online gambling works.

Conclusion

Hopefully now you are starting to understand the meaning of payout percentages and RTPs. With this information you can make the right decision in your online gaming journey, but do be prepared that with winning also comes losing. So what are you waiting for? Are you excited to check out your odds? Why not try today!