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Payout Percentages of Slot Machines
There are several ways by which the house edge or house advantage on various gambling games is described. For instance, the house edge in casino table games like craps, blackjack or roulette is usually expressed in terms of a percentage. Thus, a house edge of 1 percent in blackjack means that for every bet of $100, the player should expect to lose $1 in the long run, although anything can happen in the short term.
On the other hand, slot machine odds are expressed in payout percentages. The payout percentages are generally the comparative measure in terms of percentage between the amount that will be paid out by the slot machine and the amount of wager. This means that with a slot machine with a 99.5 payout percentage, a player would be paid $99.50 for every $100 of wager over the long term.
Hold Percentages of Slot Machines
The hold percentage of a slot machine refers to the amount of money that the house is expected to get in the long term. The amount is the difference between 100 and the payout percentage. Thus, a slot machine with a payout percentage that is equivalent to 95 percent will have a hold percentage of 5 percent. It is important to note that the hold percentage is equivalent to the house advantage on a table game.
Typical Payouts and Payout Percentages of Slot Machines
The payout percentage of slot machines may vary depending on the country where the casino is based at. The payout percentages will also depend on the denomination used in the slot machine you are playing. In most instances, the more active casinos will logically have slot machines with higher payouts. Slot games with higher denominations normally have higher payout percentages compared to lower denomination slot machines.
Loss per Hour of Slot Machines
It would also be extremely useful and beneficial if you track your losses on an hourly basis or the unit cost of playing a particular slot game. The calculation is pretty simple and straightforward. First, you have to multiply the amount being wagered by the number of bets made per hour. The resulting amount is then multiplied by the hold percentage or house edge. The amount derived from this mathematical operation is referred to as the loss per hour for that particular slot machine.
The majority of slot players make an average of 100 spins in an hourl. Thus, the cost per hour on a quarter slots, where a player is expected to be wagering about $125 per hour, would be equivalent to $9.25.
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