People just cannot get enough of online slots these days, something proved by the fact that almost a third of all global gambling revenue now comes from these games
Sometimes you really do need to just stop and think about the amazing extent of technology in the 21st century. Seriously, it wasn’t too long ago that only quite privileged people even had access to the Internet, but nowadays pretty much everybody can log into the online world with ease. This has resulted in a wide range of new industries springing up, and one of the most successful has definitely been the online casino sphere.
Whilst there have been several high profile games that have contributed to the remarkable rise of online casino, it is the online slots industry that has unarguably been the most important – see more. People just cannot get enough of online slots these days, something proved by the fact that almost a third of all global gambling revenue now comes from these games –pretty cool, right? But what is the average payout rate in online slots? It’s something we’re about to find out…
How do you work out what the average payout rate in online slots is?
Right then, the first question to answer here is how do you actually work out what the average payout in an online slot is. Just like with most other gambling games, the key thing to do here is work out your odds of winning, however in the slots world the way you do this is slightly different to normal. For example, unlike other casino games, slot odds are normally given as a percentage.
This percentage is the most important thing to have an understanding of when it comes to working out the average payout rate in a slot too. It all comes down to something called RTP, which stands for Return To Player. RTP is given as a percentage value that indicates the average amount a player can expect to win back from his stake at any given time. So there you have it, in order to work out the average payout rate in an online slot you simply have to look at the RTP.
Some high RTP slots to check out
The average RTP in the modern slots industry is around 96%, however this number is liable to change over time, especially as developers continue making more modern games. In order to give yourself the best chance of winning some money during an online slot session you will generally want to choose high RTP slots to spin the reels on.
As we’re nice we’ve compiled a short list of the slots with the highest RTPs. Check it out below:
- Mega Joker
- Rainbow Riches Pick N Mix
- 1429 Uncharted Seas
- Ugga Bugga
- White Rabbit Megaways
Times where average payout rate can be misleading
Whilst it is always a good idea to keep a firm eye on the average payout rate of slots, there are times where this information can be misleading. For example, a progressive jackpot slot will have a fairly low RTP, but this doesn’t reflect on the chance to win millions.