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Slot Payout Percentages

Slot machines are preset at the factory as to what the payout percentage of any given machine will be. The percentage is determined by the Casino ordering the slot machine but it must be within the legal minimum set by the State of residence of the casino. It can be set over the legal minimum but not under, at least according to the laws of the State. We are not impying that casinos would do anything unethical in this regard but mistakes can happen. However losing a gambling lisence for the sake of a few percentage points would not be very clever.

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Payout percentages vary from Casino to Casino and even from slot to slot within a particular Casino. You will often see signs posted regarding the percentage of payout particularly at the dollar carousels. You might see as high as 98.2 % payback, this does not mean that for evry 100.00 you play you will get a return of 98.20, hardly. What it does mean is that over the "long" haul the machine will pay back the posted percentage. Calculated in all of this are the small wins and the jackpot wins, you could put 500.00 into a dollar slot machine and get very little back perhaps a hundrd or two and even less. This does not mean the percentage payout is incorrect, it simply, means that you have not experienced the 98.2% payback. The next guy coming along may feed a few dollars into the slot machine and win a jackpot. In his case the payback far exceeded 98.2% posted on the carousel. And so you can see that over a longer period of time it all averages out to the posted percentage.
Variations in payout percentage from Casino to Casino can vary widely as a recently published statistic showed. Nickle slots can swing from a low of 85.2 % to a high of 92.8% a fair difference of 7.6%. Quarter slot machines can vary from a low of 89.9% to an upper limit of 95.2% a variance of 5.2%. Fifty cent slots can differ from a low of 89.8% to a high of 96.1% and the dollar slots can be as low as 90.0% at the Claridge in Atlantic City to a high of 96.5% at Sams Town in Missouri. The survey showed the 5.00 slots to have the wides variation coming in at a low of 87.2% to a high of 97.1%. These stats were taken from the December issue of Casino PLayer.

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