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 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 been the online casino sphere.

Whilst there have been several high-profile games that have contributed to the remarkable rise of online casinos, 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 address here is how to determine the average payout in an online slot. Just as with most other gambling games, the crucial step is calculating your odds of winning. However, when you’re on a site like Amber Spins, home to a modern world of slots, this process differs slightly from the norm. For instance, unlike other casino games, slot odds are typically presented as a percentage.

This percentage holds paramount importance in understanding the average payout rate in a slot as well. It all boils down to a concept known as RTP, or Return To Player. RTP is expressed as a percentage value, signifying the average amount a player can anticipate winning back from their stake at any given time. Therefore, to ascertain the average payout rate in an online slot, one need only consider 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. 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 the 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 when 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.