Highest Payback Slot Machines

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Highest Payback Slot Machines

In Las Vegas, for example, the highest payback percentage can be found while playing quarter machines on the Boulder Strip. Their annual payback percentage was reported as 97.07%, which also happens to be the largest reported payback in the United States during this period. Online Slots with the Best Payback.

Finding slots with the best payback is one of the methods used by savvy gamblers to increase their winning percentage. Since each machine is pre-programmed to award a certain amount of money back to the customer, finding the “loose” slots provides a greater theoretical chance of walking away with money in your pocket. This does not, however, mean that you’ll win during each individual session. It should also be noted that casino slots will always have the edge, and no amount of mathematics or research will change that fact.

What is the Payout Percentage?

Before you can find the slots with the best payback, it’s helpful to know what a payout percentage is. If a slot machine has a payout percentage of 92%, for example, this means that 92% of the money wagered by the players will eventually be paid back to the customer. The rest will go to the casino. This is also known by the abbreviation RTP (“return to player”).

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This does not mean that the first $92 dollars you wager will be paid back to you. It is also known as a “theoretical payout percentage,” meaning the percentage expressed is for the lifetime of the machine. And thanks to the random number generator installed in each slot, every spin is totally independent of the last one.

The payout percentage is set at the factory when the slot is created. In order to change it, the software has to be replaced. In some jurisdictions, this can only be done when a representative of the Gaming Control Board is present.

Each state has laws that determine the minimum payback percentage for a slot machine. In Nevada, the minimum is 75%, while New Jersey requires all slots to pay at least 83%.

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It should be noted that finding information on the payback percentage of specific slot machines is difficult. Casinos guard this information closely, and it can still change over time if the factory software is replaced. Most online information is either useless or nonexistent, although those who are serious can find reports in magazines such as Strictly Slots and Casino Player.

Some jurisdictions are required to report the average payback percentages for the fiscal year. While this won’t identify the top machines, it will give you an idea of where to start looking.

In Las Vegas, for example, the highest payback percentage can be found while playing quarter machines on the Boulder Strip. Their annual payback percentage was reported as 97.07%, which also happens to be the largest reported payback in the United States during this period.

Best Payback Slot Machines

Online Slots with the Best Payback

Numerous sites will claim to list payback information for online casinos, but a closer look will often reveal that these same sites are affiliates for the casinos they’re promoting. This means they’ll make money if you click on their ads and spend money at these casinos. It also means that they’re likely to lie in order to get you to become a customer. For this reason, I’m highly suspicious of any data claiming to identify the online slots with the best payback percentage.

One thing’s for sure, though: the average return for online slots tends to be higher than that of their land-based counterparts. The reason can be summed up with one word: overhead. It costs far less to operate an online casino, so they don’t need to rake in as much money to pay thousands of waitresses, valets, and blackjack dealers.

Tracking down slots with the best payback can be an exhaustive process. And just because one machine is set with a more generous payout percentage when it leaves the factory floor, that doesn’t mean it can’t be altered by the casino at some point in the future. This is where word-of-mouth comes in handy, so I suggest subscribing to a robust forum such as Casinomeister for the latest updates on slots from fellow players across the country. If you want to beat the casino, you’ll need to use every tool at your disposal.

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Games offering progressive jackpots and bonus rounds are popular with players, but slots with the best payout rates or payback percentages are considered among the top prizes in the world of gambling. After all, even a couple of extra percentage points can make a major difference when calculating the profitability of an individual slot.

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This article examines the definition of “payout percentage” and explains where to find the most generous slot games. While it won’t improve your actual chances of winning, the knowledge that you’re playing a more liberal slot machine should at least boost your confidence.

What Is a Payback Percentage?

The payback percentage—also known as the payout percentage or return to player—is the amount of money deposited into a slot machine that is eventually paid back to the customer. This percentage is not determined in weeks or months, but rather over the life of the machine.

For example, let’s say that $100,000 is inserted into a slot machine with a 92% payout percentage. According to the RTP (“return to player”), the slot should pay back $92,000 of the wager in the form of wins, while keeping the other $8,000 in profit. Keep in mind, however, that the true payout of a slot machine may take millions of spin to determine.

When a machine’s software is written at the factory, this is when the payback percentage is set in accordance with local laws. For example, slots in New Jersey must be set to pay back a minimum of 83%, while games in Nevada have a lower limit of 75%. On average, the payout percentage for most slots ranges from 82% to 98%.

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Slots with a high RTP are known as “loose slots,” while their stingy counterparts are referred to as “tight slots.” Since these figures are rarely reported, it’s difficult for a player to accurately determine whether the machine they’re playing is loose or tight.
In previous years, the RTP was set at the factory and any additional manipulation by the casino required the software to be switched. Thanks to advances in computer technology, many casinos can now remotely manipulate the odds and payout, although they must wait until the machine has been vacant for at least four minutes (no mid-game manipulations).

How to Find the Highest Paying Slot Machine

Casinos love to promote their slots as being loose or easy to win slot machines, but they’re tight-lipped when it comes to actually identifying the machines. In most cases, a few loosest slots are sprinkled into rows of tight machines, which still give the casino the opportunity to brag about all the loose slots they offer.

Unless you happen to have a casino manager in your back pocket, it’s going to be difficult to determine a game’s true payback percentage. Gambling forums and chat rooms are often filled with people who claim to know the RTP for various machines, but you should only trust those sources with impeccable credentials. Otherwise, it’s probably an educated guess or outright lie.

Games with Top Payback / Payout Percentages

While it may be disappointing to hear, a so-called list of loose slot machines is useless. There are a couple of reasons for this, which I will explain below.

Varies by Machine – Just because one slot machine from a certain series pays back 96%, another identical machine may only pay back 89%. These differences aren’t listed by the casino, so the player is left to play a guessing game.

Location – Even if you somehow learn that the fifth machine on the fourth row pays back 97%, it’s only a matter of time before the casino changes its physical location.

When searching for the best RTP, the best strategy is to look at the minimum paybacks allowed by law. Any law-abiding casino cannot go below this number, which at least gives you a worst case scenario for the rate of return. Unfortunately, not all states have a minimum, and establishments aren’t always required to disclose their payback setting (especially Indian casinos, who regulate themselves). Still, I’ve included what meager information I could gather.

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  • Arizona – 83% minimum payback
  • Delaware – Their video lottery terminals must pay between 87% and 95%.
  • Kansas – 87% minimum (80% at Indian casinos)
  • Louisiana – Casino slots must pay no less than 80% and no more than 99.9%. The minimum return at locations other than casinos is 80%, with a maximum of 94%.
  • Maine – 89% minimum payback
  • Maryland – 87% minimum payout
  • Minnesota – RTP must be between 80% and 95%.
  • Nevada – 75% minimum RTP
  • New Jersey – 83% minimum payback
  • New Mexico – Between 80% and 96%, although Indian casinos have a required minimum of 80%.
  • North Carolina – Payout must fall between 83% and 98%.
  • North Dakota – Slots carry a minimum return of 80%.
  • West Virginia – Carries of minimum requirement of between 80% and 95%.
  • Wisconsin – Minimum return of 80%.

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Slots with the best payback percentage are highly coveted in the world of gambling, so expect a feeding frenzy whenever a game’s true RTP becomes known. This doesn’t happen very often, though, as casinos love to move machines around to keep savvy patrons guessing. Ultimately, your best chance comes from reading the rules, understanding the pay table, and keeping your expectations in check. Once you meet these requirements, you’re a lot more likely to walk away from the casino with a smile on your face.