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How Often Do Slot Machines Hit The Jackpot

How Often Do Slot Machines Hit The Jackpot

Slot machines are often seen as a fun way to indulge in a little chance gambling online, with any big payouts being a nice bonus. For others, slot machines are mathematical puzzles, something that, with the right knowledge, can payout winnings consistently and somewhat predictably. This all sounds great, but getting that knowledge-and knowing how to use it is an essential part of the equation. Arguably the most important skill you can develop in this regard is being able to tell when a slot machine is ready to payout. There are many factors, but how often a machine pays out is probably the biggest.

As a general rule, slot machines payout once per ten thousand spins. However, this is a probability, not a hard rule. That means even with the best paying slots that on average it will be paying out that often. In reality, the distribution of payouts could see no payout for 20,000 spins and then two payouts back to back.

How to Tell if a Slot Machine is Ready to Pay

Slot machines payout on an RTP (return to player) percentage basis. If the RTP were 100%, the slot machine would not generate a profit, since all the money put in would be paid back out. If it were 110%, the slot machine would lose money. The highest paying slot machines online tend to be in the region of 95-98%, meaning that for every dollar that is put in, around £0.98 would be paid back out.

Of course, this doesn't happen instantly. RTP tends to be realised over long periods as much as a million spins-so while machines with a high RTP should payout more often, it won't help you in determining when those payouts will be. Still, it helps to focus your efforts on slots with higher RTPs, and that information is readily available online.

One indicator you can use for when a machine is ready to pay out is if that machine has not paid out for a long time. This is a little difficult to check online, however. Many online casinos post the latest wins, so one trick would be to have a selection of slots you want to target and keep an eye out for them in the winners notifications. If a slot has just paid out, leave that one alone for a while.

Slot Machine Payout Schedule

There is no regular payout schedule for a typical slot machine. Having an identifiable schedule would be an obvious exploit, and would lead to large numbers of people waiting for the right time and swamping a given slot machine.
While there is no set schedule (either in time or number of spins) that can be used to decide when to play a particular slot game, there are ways to tell if a machine is getting close, or "loose".
Firstly, slots do run hot and cold (also referred to as being "streaky"), so you can often tell what kind of "mood" the slots you're playing is in, once you get used to the feel of it. If you are getting regular small winnings, there is a good chance that the slots are just stringing you along and there is no big payout in the immediate future.

The other major thing to be aware of, as we mentioned above, is whether the machine has paid out big recently. The nature of probability means that it is theoretically possible that two big payouts could happen very close to each other, but it is extremely unlikely. Slots that have recently paid out big should be left alone for a little while.

Conclusion

Slot machines can be played in such a way as to generate consistent winnings overall, though experience plays a big part in being able to achieve this. Knowing if a machine is currently on a hot or cold streak is something that can only be partially learned through advice, but is mostly a matter of experience.

Picking the right slots is also a significant part of the equation. As a general rule, slots with larger prizes and higher RTP percentages are your best bet. After that, it is a simple matter of biding your time and being aware of how the slots machine you are using is behaving.
Most importantly, remember that slots payout based on probabilities, not hard numbers or routines. A payout rate of one in ten thousand spins does not guarantee that the ten-thousandth spin will payout.