There are millions of players out there who love playing online slot machines. While some play for fun and as a recreational activity, others are all about making some profit. If you’re part of the latter, then it’s absolutely necessary for you to understand the payout percentages of slot machines.
Today, we’ll take you through everything you need to know about online slot payouts, including RTP percentages, the difference between offline and online payouts, house edge, etc. Even better, we’ll also share with you some of the top slots that offer high payout rates. So, the next time you head on to play slot online, you’ll know exactly which slot games to choose!
Slot Payout Percentages – What are those?
In a nutshell, a payout percentage refers to the average amount that a slot will pay you when you win the game, compared to the wagered money you placed. Note that the payout percentage is just an average amount. It doesn’t guarantee you a specific sum of money you’ll win in one or several spins. However, the more rounds your play, the better your odds of acquiring the prize money (when you win) close to the slot’s payout percentage.
Hence, if you want to make maximum money, you should pick the slot games that offer the highest payout percentage.
What is RTP?
RTP, short of Return to Player, is just another name for payout percentage. These two worlds can be used interchangeably.
Choosing a slot game with the highest RTP doesn’t guarantee you any wins. However, it does mean that when and if you hit the winning combination, your prize money can be quite big (depending on the slot’s RTP). Hence, as a player whose main motive is to make a profit, you should always opt for the slot that comes with high payout/ RTP rates.
What is House Edge?
The house edge refers to the average amount of money that the online casino will keep from your wagered money, regardless of whether you win or lose the game. If a slot offers a payout percentage of 95%, then the casino will have a house edge of 5%.
Online Vs. Offline Casinos – Which casino offer the higher payout rate?
Different slot machines offer different payout percentages. However, on average, online casinos tend to offer better and higher payout rates than land-based or offline casinos.
When it comes to land-based casinos, you may hardly come across one or two slot machines that offer more than 92-93% of RTP percentages. On the other hand, online slot games in online casinos mostly offer up to 95% percentages. In some rare cases, you may even find slots that offer more than a 95% payout percentage.
Best Payout Online Slot Machines:
Make sure to read the slot’s payout table, terms and conditions, and rules. This will give you a good idea of what to expect from playing the particular slot. Remember, if you’re playing for the money, you need to pick the slots that offer the highest payout percentage or RTP rate.
Below, we’ve mentioned some of the best online slot machines that offer high payout percentages:
- Lucky Leprechaun – 96.83%
- Wheel of Fortune – 94.22%
- Cleopatra – 95.02%
- Gold Fish – 96%
- Rainbow Riches – 95:
