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How do odds work in slot machines? Unlike some other games, they’re fixed. However you play, the odds of winning do not go up or down, but always stay the same.
Payout odds vary based on the machine. Two slot machines may look identical, yet may have different odds. So you can’t tell by the appearance of the machine.
The odds of hitting the top award vary greatly by machine, and may be as low as one in 17,000,000 spins – comparable to winning Lotto 6/49.
Tip
Over the long run, the machine is guaranteed to make money.
Slot Payouts
When playing slots, knowing the payback or payout percentage of various machines can help you understand your chances of winning.
- Every slot machine arrives from the manufacturer with a computer chip capable of pre-determining how much of the overall player spend the machine will pay back to players over its lifetime. Machines are set by the casino, also known as the house, to payback a certain percentage of coins played, including paying out the jackpot
- The pre-programmed amount that the house keeps is called the hold
The payback percentage, regulated by the Alcohol and Gaming Commission of Ontario (AGCO), is: Minimum: 85%
The payback percentage is meant to be representative of the machine’s entire lifecycle, which can be many millions of spins. When the payback percentage is 85%, this doesn’t mean that you can expect to win back $85 if you gamble $100 on that individual session.
The payback percentage doesn’t affect the short-term. Because of randomness, anything can happen when you play.
Compared to other casino games, slots favour the house more.
Payouts of different machines
It's easy to think the higher the “denomination”, the more a machine pays out - for example, that a dollar machine will pay more than quarter machines. In Ontario, this isn't always the case. Always check the paytable to know what a machine pays out.
OLG doesn’t have complete control over the payouts of slot machines. This is regulated by the Alcohol and Gaming Commission of Ontario (AGCO).
Casinos are not allowed to change a machine’s payout while someone is playing or winning on them, nor can they adjust machines during weekends.
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Slots are one of the most popular games at online casinos. You can find different variants ranging from retro-style slots to those that are inspired by a unique theme. The simplicity, thrill, and compelling nature of slots make them a popular option for many gamblers.
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There’s an extensive range of slot games available online and new games are released regularly. These games come with unique features, specific symbols, and different RTP values and volatility rates. This diversity suits the differing preferences of slot lovers.
RTP and Volatility
RTP is a theoretical metric that measures the amount of money a slot should pay back over time. The RTP on a game depends on the house edge. If a game has a house edge of 7%, the RTP will be 93%. So it’s expected that over time, $0.93 of each $1 staked on the game will be returned to the punter, and $0.03 will be left as the casino’s profit margin.
While volatility refers to the risk associated with a slot game. It indicates whether a slot is a low-risk game, medium-risk game, or high-risk game. It also refers to the frequency of payouts and the amount paid out. Volatility allows you to choose games based on your preference and budget. If you are on a shoe-string budget, you most likely prefer games that involve less risk as well as extend your gameplay with small but regular wins. In this case, a low volatility game is the best fit for you.
The opposite is true, too. If you have a fat bankroll, you will probably want to take more risks and prefer games that allow you to risk more but stand a chance to win big amounts. In this case, a medium to high volatility slot is the best fit for you.
Wagering Ranges and Paylines
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As the name suggests, a wagering range defines the betting limits of a slot game. The range starts with a minimum bet per line and goes up to the maximum bet. Slot games come with different betting limits and appeal to different sets of gamblers based on unique preferences. Some games come with a betting limit as little as a few cents for minimum bets up to a couple of dollars for maximum bets. Although these games are perfectly suited for players on a shoestring budget, they don’t appeal to high rollers. For this group (high rollers), are games that come with a betting range that allows for much higher maximum bets.
A payline is a pattern on which payouts are made when a winning combination is landed. Slots come with different paylines which could be one or one hundred. Then there are Megaways slots that provide thousands and even hundreds of thousands of ways to win. Bets are made on paylines, and you can only win rewards for matching combinations on lines you bet on. Hence, it’s often wise to bet on all paylines.
Symbols and Prizes
Payouts in a game are the product of landing matching combinations of symbols on a payline. Symbols used in slots vary from game to game. Some games use a limited number of small but valuable symbols while others use a collection of both high and low symbols. The more symbols a slot comes with, the less likely you are to land winning combinations as unwanted symbols can show up and mess with your combos.
The symbols used in a game usually come with certain values. Some games feature symbols with high values while others come with symbols with low or medium value and yet others come with a combination of low, medium, and high paying symbols. The best slots offer you a good return for your wager.
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Top Slot Features
Most slots include exciting features such as wilds, scatters, bonus games, free spin rounds, and cascading reels. Some come with a progressive jackpot that gives you a chance to trigger a life-changing amount.
The traditional wild is a special symbol that replaces other symbols (except the scatter) to land winning combinations in the game. Other wild symbols include expanding wilds and sticky wilds as well as those that double as a paying symbol. In some games, you will find all of these symbols.
The scatter is another unique symbol in slot games. The symbol is usually the key to unlocking the bonus or free spins round of the game. Depending on the slot, you will need to land a number of scatters to trigger the bonus game.
Most slots come with bonus games and free spins rounds. These bonus games usually offer unique features such as expanding wilds, sticky wilds, and free spins.
Some slots also include a risk/gamble game that gives players a chance to play a mini-game where they can gamble their winnings for a chance to double and even triple it. However, players will lose their entire winnings if they lose the mini-game.
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Another unique feature found in certain slot games is the cascading reels feature. In slots that feature cascading reels, symbols involved in a matching combination make way for new ones. This dynamic creates the chance for even more winning possibilities.
A good number of slot games also come with a progressive jackpot. These games are part of a jackpot network that grows in size as the games are played. The more the games in the network are wagered on, the more the pool increases and continues to grow until the jackpot is triggered.
Best Online Slot Games for Canadian Players
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A large number of casino sites offer a robust selection of slot games ranging from classic slots to progressive jackpot games. A good number of these sites are also accessible to players in Canada and offer payment methods that make it easy for gamblers from Canada to play on the site. These sites also support CAD eliminating the issue of currency conversion.