According to the terms of the compact between the state and the tribes, however, the minimum and maximum payouts are regulated as follows: video poker and video blackjack - 83% to 98%, slot machines - 80% to 95%, keno - 75% to 95%. MAXIMIZING SLOT PAYOUTS. Slot machines are not games of strategy. Live casinos and online casinos offer them as games of pure chance. Only rarely does skill come into play, although skill-based slots loom as a coming attraction.On most slot games, there's nothing you can do to change the outcome.
Many players know all too well about the concept of high-paying slots and low-paying slots. These are not misnomers or fallacies; they are real-life realities. For example, there are slot machine games that are notorious for low payout rates, while there are other slots games that have significantly higher overall payout rates, usually owing to higher coin denominations required to play those slot games. You often hear the terms house advantage or house edge being used interchangeably when it comes to odds in casino games. However, when we are discussing Illinois slot machines games the term that is used by operators is payout percentage. It is essentially the same concept, but it is viewed from a different angle. If you want to know what the basic definition of a payout percentage is, it is simply the house edge subtracted from 100%. Single hand blackjack.
RNGs and Slots Payouts are Linked
The concept of a random number generator is one that needs further illumination in order to understand how payouts of Illinois slot machines work. For the purposes of discussion, a random number generator simply randomizes the outcomes of slot machine games. The random number generator (RNG for short) is a computer program that has been designed and independently tested by third-party authorities affiliated with regulatory bodies to ensure the fairness and randomness of all outcomes. It is important not to confuse the purpose of an RNG and that of the casino's payout percentage rate. These are two completely different aspects and they are for the most part unrelated to one another.
The casino is responsible for establishing its payout combinations to ensure that it remains profitable. The RNGs feature stops for every combination and every reel, but the payout for any combination hitting is determined by the casino. If you have for example 20 stops which each have an equal possibility of hitting over 3 reels, the calculation would be as follows: 1/20 X 1/20 X 1/20 equals 1/8,000 of all 3 spinning reels to land on a specific stop. Now the actual casino may have a payout for that combination of just 75:1 or 100:1 for example. This brings us to one of the most important aspects of Illinois slot machines and casinos: the payout is always less than the odds of winning.
Typical Payouts and Payout Percentages
A standard online casino will have slot machine payout rates in the region of 95% – 98%. And the reason why these payout rates are so much higher than land-based casinos is a result of lower fixed costs of operations. Since everything is online, there is no need to maintain slot machines, no need to employ scores of personnel, no need to rent facilities other than servers, etc. Another important thing to bear in mind is PARS. Illinois slot machines players will typically not have access to things like this, but it is something that is important in the industry and is known to the casinos themselves. Many players believe that slot machine games which offer higher payout percentages will pay out more, but this is once again also open to interpretation.
No other segment of the gaming industry has benefited more from the technology revolution than the slot machine. Once considered the ugly stepdaughter placed on the gaming floor to appease the spouses of table players, the slot machine has been transformed into the fairy princess of the gaming world. With her, she has brought a dowry of riches no one would have imagined for the casino and a few lucky players as well. Over twenty years ago the slot machine accounted for 30 percent of the casinos' profits. Today it accounts for about 70 percent. Computer technology and the ability to play with little to no gambling knowledge makes it possible to offer life-changing jackpots big enough to turn a pauper into a king.
The casino is responsible for establishing its payout combinations to ensure that it remains profitable. The RNGs feature stops for every combination and every reel, but the payout for any combination hitting is determined by the casino. If you have for example 20 stops which each have an equal possibility of hitting over 3 reels, the calculation would be as follows: 1/20 X 1/20 X 1/20 equals 1/8,000 of all 3 spinning reels to land on a specific stop. Now the actual casino may have a payout for that combination of just 75:1 or 100:1 for example. This brings us to one of the most important aspects of Illinois slot machines and casinos: the payout is always less than the odds of winning.
Typical Payouts and Payout Percentages
A standard online casino will have slot machine payout rates in the region of 95% – 98%. And the reason why these payout rates are so much higher than land-based casinos is a result of lower fixed costs of operations. Since everything is online, there is no need to maintain slot machines, no need to employ scores of personnel, no need to rent facilities other than servers, etc. Another important thing to bear in mind is PARS. Illinois slot machines players will typically not have access to things like this, but it is something that is important in the industry and is known to the casinos themselves. Many players believe that slot machine games which offer higher payout percentages will pay out more, but this is once again also open to interpretation.
No other segment of the gaming industry has benefited more from the technology revolution than the slot machine. Once considered the ugly stepdaughter placed on the gaming floor to appease the spouses of table players, the slot machine has been transformed into the fairy princess of the gaming world. With her, she has brought a dowry of riches no one would have imagined for the casino and a few lucky players as well. Over twenty years ago the slot machine accounted for 30 percent of the casinos' profits. Today it accounts for about 70 percent. Computer technology and the ability to play with little to no gambling knowledge makes it possible to offer life-changing jackpots big enough to turn a pauper into a king.
However, the fact that it doesn't take much gambling knowledge to play means that most people don't understand the inner working of the slots -- which makes it easy to explain a loss or a win with some false logic. Like any other 'wives tales' these are passed from person to person until they become gospel. Most of these myths and misconceptions are harmless but they can add to your frustration and take away some of the enjoyment of your casino visit. Let's take a look at a few of the most popular myths and the truth behind them.
Myth #1
Someone hit a jackpot on the machine you just left -- so you would have won that jackpot if you kept playing.
This is probably one of the most common notions about slot machine gambling -- but it's patently false. The slot machines have a computer chip inside that runs the Random Number Generator (RNG). The RNG is continuously cycling through numbers even when the machine is not being played. These numbers correspond to the stops on the wheel that display the winning or losing symbols that you see when the reels stop. When you hit the spin button or pull the handle, the RNG picks the combination at that given microsecond. If you had stayed at the machine, it is highly unlikely that you would have stopped the RNG at the exact nano-second to display that same combination of numbers. In the time it takes to talk with a friend or sip your drink the RNG has cycled through thousands of combinations.
Myth #2
You can tell the odds of winning by counting the symbols on each wheel.
Actually, you can't. The RNG generates a number for each spin. There can be hundreds of virtual stops on each wheel even though you only see a few symbols. For example, you may see 20 symbols on each wheel of a three-reel machine. You figure 20 x 20 x 20 = 8,000 combinations and your chance of hitting the jackpot is 1 in 8000. In reality, the computer chip may program 256 stops for each wheel which makes the odds 256 x 256 x 256 =16,777,216 combinations. Being able to generate millions of combinations is the reason that slots can offer large paybacks.
What Slot Machines Have The Best Payouts
Myth #3
Casinos can loosen or tighten the slot machines with the flip of a switch.
In actuality, the slot machines have a computer chip in them that determines the payback percentage. Can apple keyboard work with windows. These are preset at the factory. In order for a casino to change the payback, they would have to change the chip. In most jurisdictions, there is paperwork that has to be filled and submitted to the Casino Control Commission for each machine if the chip is changed. It's time-consuming and the chips are very expensive. For this reason, it is more economical to decide on the payback percentages before purchasing the machines and having the factory ship them with the proper chip.
Myth #4
A machine that has not been paying out is due to hit.
There is no way to determine if a machine is due to hit. Winsip. Each spin is a random occurrence and has no bearing on what has happened previously. Don't ever play more than you should because of this misconception -- it will be devastating to your bankroll if you do.
Slot Machine Payout Patterns For Beginners
Myth #5
The temperature of the coins played will affect the way a machine pays.
Unfortunately, the machine is not affected by temperature. It doesn't matter if you play hot, cold, old or new coins. The coin slot is a mechanical device and has no feeling.
Myth #6
If you use your slot club card the machine will pay back less.
This may well be the most damaging myth of them all. There is no link between the card reader and the RNG, but by not using your player's card you are denying yourself valuable comps and sometimes cash back from the casino.
