Slot Machine Jackpot Odds Example

10.01.2021by

Since jackpots online and offline have been in existence, people have asked themselves the eternal question, how often do slot machines hit the jackpots?

The best online casino nz. This is why we look at each of the top casinos and rank them based on a variety of factors. While another person may have the complete opposite opinion.

It’s been a question inviting both hope and trouble. We’re here to discuss the odds of slot wins and look under the hood of how big slot wins online and offline work, and more importantly, how often they occur. There’re several key aspects of the experience to consider before you can make an informed decision. The main things you should be looking into when it comes to playing slots are:

  • The Return to Player (RTP) rates of the game
  • The slot volatility, i.e. frequency of payout
  • The actual probabilities of landing a big slot win

Feb 25, 2020 Slots: Odds of Winning Around 1 in 49,836,032. You play slots by putting money into a slot machine and pulling a lever or pushing a button to spin a wheel. Depending on where the wheel lands, you win or lose. Most people wouldn’t play a slot machine that lost 99 times out of 100, though, so slot machine designers added additional, smaller prizes for getting two symbols out of three for certain symbols. And as long as they paid out less in prizes than the odds of hitting those jackpots, then those slots are guaranteed to make a profit in the long run. Of course pay-outs are set by the casinos at a slightly lower figure, usually between 90% and 98% of this frequency, so for example if this imaginary machine was set for 95% pay-outs, the jackpot would actually be $594. Of course you can get lucky and hit jackpot on your second spin, walk away and keep the money, technically making a profit. If you want to measure how likely you are to win a jackpot on a slot machine, probability is the way to figure that out. But the word also refers directly to that likelihood. In other words, if I say the probability of getting heads when I flip a coin is 50%, I’m not talking about that branch of mathematics.

Before we delve into the essence of how often slot machines payout, we must be perfectly honest with each other; we can’t distil the nature of slot payouts to a pristine formula and no matter how good we are at understanding the why behind these games, there will be a substantial part that will depend on pure luck alone, even if you play at the best paying slots sites around.

Jackpots

Slot Machines: The Basics

Each slot machine comes with a randomised outcome thanks to the technology in the very crux of it – the Random Number Generator (RNG). RNGs are cutting-edge algorithms that guarantee the “complete randomness” at a casino. The RNG is needed to help computers create randomness, as they are programmed to predict an outcome and don’t understand “random” the same way you and we do.

When it comes to actual casino play, there is absolutely no way of knowing when a jackpot will arrive. The average pay cycle for each game will vary. It’s worth logging your spin outcomes as it can help you determine when the jackpot window has a more probable chance of being open. However, the complete randomness of the RNG makes it impossible for anyone, be that a supercomputer or a mathematical wiz, to determine the outcome or be able to call the exact time a big jackpot will actually hit.

Tempted by the idea of imminent big slot wins, many players have been persistent in their determination to spot the patterns.

Progressive Jackpot Patterns in Slots

It’s worth spending more time observing rather than playing yourself. In 2016, the win cycles for Mega Moolah happened every 70 days, give or take, but it’s worth noting that there were only four payouts the entire year.

The payouts started early in April and continued through late November. In 2019, we’ve already witnessed slightly more hectic results that haven’t followed a particular pattern so far. The first win came on January 30th, 2019, followed by another one on March 5th and then another one on March 6. If the wide-spread trend repeats itself, we can expect the next jackpot to hit 33 days from March 6th, around April 8th or before that.

This would be a fair observation. In 2017, the space of each was at least a month, but not exceeding two months. There were 13 wins in total, the game’s largest number on record.

Does capturing historical statistical data help determine when a mega jackpot is likely to payout?

The answer is – not really. While there is some evidence to suggest that payout cycles happen in a window of one or two months, we have no way of knowing how many slots wins there are going to be on any given specific year.

There is a reason why certain games never manage to amass a multi-million jackpots, this has to do with the return to player (RTP) rates and the volatility.

Consider the RTPs in Slots Online

Just because an outcome is random, doesn’t mean we can’t pick the games statistically more likely to payout. Whether it’s a progressive jackpot or a fixed jackpot, the Return to Player (RTP) will tell you a little something about what to expect.

Now, here’s the thing about RTPs. They are accurate, but in order to get them right, you will need to play around 10,000 spins. Anything below that, and you may end up with deviations. Playing less than 10,000 RTPs can still turn out accurate, it’s just for the most accurate results, you will have to play through towards that figure.

It’s like flipping a coin 10 times vs flipping it 1000 times, you can certainly expect that 50-50 outcome to be more accurate after 1000 times than 10 times when a freak outcome of 80-20 is more probable. RTPs don’t factor the bonus amount, so when considering them you must keep that in mind and regard them as something that will help you extend your stay at a casino and keep a healthy budget.

If you do avoid the progressive games, you can guarantee yourself a slightly more controlled type of play and less risk in exchange for more frequent returns.

Slot Volatility: Pay Attention

‘Volatility’ in slots and other casino games refers to the payout frequency a slot has and how much is paid. Again, this is more applicable to your regular slots wins rather than the big slot wins you want to get by landing a mega jackpot. And yet, volatility will help you plan your bankroll just a little bit better.

Playing high volatility games means that the payouts will be bigger, but you will also have more cold streaks when the spins won’t get you any return. With low volatility, you will enjoy frequent payouts, but not really big winnings.

There are trade-offs and depending on your budget, you will find both slots applicable. When it comes to jackpots, Mega Moolah, which we used as an example here, is definitely on the high-end of the volatility spectrum. So don’t be too disappointing if you have a run of 10 or 20 spins with no payouts at all, that’s just the nature of a high volatility slot game.

If you are looking for low-volatility jackpot games, you can opt for a game such as Dead or Alive by NetEnt. The standard jackpots payout around 200-1000 coins a payout, making this game a perfect pick for those of you who enjoy slot machine jackpots but don’t have a larger bankroll than you need to play through for the mega jackpots.

Staying on Top of Your Bankroll

If you are keen on getting some decent slot wins, you needn’t necessarily go after the highest-risk games. It’s quite possible to build slot wins incrementally, indulging in games that have steadier, even if somewhat smaller payouts.

Jackpot hunting is a tough game and while quite a few people report big slot wins you will have to remind yourself that luck has no small part to play in the final outcome. Only after realising this can you use the other information you have learnt here to better your odds at securing a hefty prize.

Whilst many people decide which slot to play based on the theme, special features or promotional offers, the savvy gamblers steer towards slots with the highest RTP. The house edge of online slot machines can vary widely, and it stands to reason that the lower the house edge, the better your chances of winning. /no-deposit-bonus-codes-intertops-casino-2017.html.

Top RTP SlotsRTPBet LimitsFree SpinsPaylinesRowsReels
Jack Hammer 297.10%£0.50 – £25010-2099315
Simsalabim97.50%£0.25 – £125Yes2535
Retro Reels Extreme Heat97.50%£0.30 – £112.50Up to 203035
Devil’s Delight97.60%£0.20 – £40Yes2035
Kings of Chicago97.80%£0.05 – £50Up to 30535
Starmania97.87%£0.10 – £20101035
Blood Suckers98.00%£0.25 – £50102535
1429 Uncharted Seas98.60%£0.10 – £100255035
Jackpot 600095.10 – 98.90%£1 – £2No533
Mega Joker99%£1 – £5No533

Of course, you should keep in mind that only the best slot sites to win offer high payout games from which you can take advantage. The return to player percentage of a game is measured over thousands of game rounds, and it stands to reason that the higher the RTP, the better the deal for the player. With this in mind, I have decided to create a list of the 10 online slots with the highest RTP.

#10 Jack Hammer 2 (NetEnt) – 97.1% RTP

Jack Hammer 2 is the first of many NetEnt slots to make this top 10 list. This entertaining slot has a crime and adventure theme, captured in a comic book style. There are an impressive 99 bet lines in this game, providing plenty of opportunities to win. It also boasts a variety of interesting features that make the game exciting to play, whilst creating chances to win. The Sticky Win feature sees any winning symbol combinations held in place for a free re-spin, and they continue until no new wins are created. There is also a free spin feature, where you get up to 20 free plays, where all wins are doubled and extra wilds randomly land on the reels. Jack Hammer 2 has a player-friendly RTP of 97.1%

#9 Simsalabim (NetEnt) – 97.5% RTP

This magical themed slot recreates all the excitement of a magic show. The stage is set, with symbols such as a magician’s wand and top hat, a caged dove and a Houdini-style chained chest. The hypnotist is wild, helping to complete winning symbol combinations. When you play Simsalabim, keep your eyes peeled for 3 bunny rabbit symbols on the first 3 reels. These trigger the bonus game, where you pull rabbits from the hats to reveal cash prizes of up to 50500 coins. The slot also features a free spins round, which provides the potential for big wins thanks to the triple payouts. All these features combine to provide a great RTP of 97.5%.

#8 Retro Reels Extreme Heat (Microgaming) – 97.5% RTP

The RTP of 97.5% is one of the highest you will find in the Microgaming slots selection.Retro Reels Extreme Heat has an old-school feel, with symbols you’d expect to see on a classic fruit machine, including cherries, lemons, bells, bars and 7’s. At the same time as providing a retro feel, it includes many features which you’d expect from a modern video slot. There is a free spin bonus, where you can get up to 20 free plays with all wins doubled. There are also wild substitutions and scatter pays. A highlight is the innovative re-spin feature. After any spin, you can choose to spin just one reel, which allows increased chances of winning.

#7 Devil’s Delight (NetEnt) – 97.6% RTP

Unleash your inner devil in this NetEnt video slot. Set against a fiery backdrop and tombstones, the 5 reels are filled with symbols from the underworld.Devil’s Delight is packed full of exciting features that provide plenty of chances to stack up the wins. The devil wild expands to cover entire reels. Whilst the free spins bonus features win multipliers of up to x5. Yet the real highlight of the game is the unique Soul Reaper bonus game. Match the correct sin to each character their soul will be added to the Soul-O-Meter whilst you reap a coin prize. When the Soul-O-Meter is filled with 15 souls, the Sin Spins feature is activated. Here, you get 10 Sin Spins where you can pocket some juicy rewards. With so many cool features and a high RTP of 97.6%, this is one hell of a slot!

#6 Kings of Chicago (NetEnt) – 97.8% RTP

Kings of Chicago mixes the best elements of a video slot with classic poker. The game is played with a deck of cards, which is shuffled before each round. Unlike normal slot machines, where payouts are made for matching symbols across paylines, in this slot, you win if you have a poker hand on one of the five paylines. The game includes a joker, which substitutes for all cards. Plus, the scatter label can randomly appear on any card. Get 3 or more and free deals, the equivalent of free spins are triggered. You can bag up to 30 free deals in the special feature and all wins are doubled. This innovative slot machine provides a unique twist on what you expect from a video slot, and boasts an impressive RTP of 97.8%.

#5 Starmania (NextGen) – 97.87% RTP

With colourful star symbols set against a pretty outer space background and a spacey, ethereal soundtrack, this NextGen slot is a real treat for the senses. Wilds are stacked onto the reels boosting your shot at winning combinations. There is also a free games feature, where extra stacked wilds can help create some big wins. The game features 10 paylines and wins are paid in both directions. With every line win, you also have the option to gamble your prize, for a chance to double or even quadruple your win multiple times. The great graphics, exciting features and favourable RTP of 97.87% make Starmania a real hit with players.

#4 Blood Suckers (NetEnt) – 98% RTP

The vampire genre has never been more popular, and it is the inspiration for this spooky NetEnt slot. You’ll see various Blood Suckers adorning the reels, along with the weapons to fight them off. It is not merely the impressive 98% RTP that draws players to this slot, but also the rich selection of special features. There are wild substitutions, scatter pays, free spins with triple payouts and a vampire slaying bonus game. Trigger the bonus and you will find yourself in an ancient burial chamber, filled with coffins. Open the coffins to slay vampires, earning coin wins with each creature you defeat.

#3 1429 Uncharted Seas (Thunderkick) – 98.6% RTP

This video slot from Thunderkick is visually stunning. The reels are replaced with a medieval style hand-drawn map and the symbols include a variety of sea creatures and beasts as well as sun, moon and star symbols. The slot includes a wild symbol which expands to cover entire reels, helping to create bigger wins. There is also a free spins bonus where you can earn up to 50 free goes. 1429 Unchartered Seas has a rewarding RTP of 98.6%, one of the highest you will find in a video slot, making it a popular choice with players.

#2 Jackpot 6000 (NetEnt) – Up to 98.8% RTP

Jackpot 6000 is a thrilling classic slot machine from NetEnt with a real old-school vibe. You can play with up to 5 paylines active, betting between 1 and 10 coins per spin. It is highly recommended to play with the maximum bet of 10 coins however, as this creates the possibility of triggering Supermeter mode. In this game mode, you can win a mystery prize of between 10 – 6000 coins when just 2 joker symbols land anywhere on the reels. Also, getting 3 jokers on a payline in Supermeter mode guarantees a jackpot payout of 6000 coins. When you play Jackpot 6000 with 1 – 8 coins, the RTP is a paltry 74.9% – 79.2%. Yet with 10 coins in play, the RTP ranges from 95.1% – 98.8%. The variance is because Supermeter mode is skill based, so you can directly impact the outcome.

#1 Mega Joker (NetEnt) – Up to 99% RTP

Slot Machine Progressive Jackpot Odds

Whilst Jackpot 6000 boasts an extremely high RTP, it is just beaten to the top spot by another NetEnt classic slot; Mega Joker. Bet with just 1 coin and the RTP is an underwhelming 76.9%. Yet on the other hand, a max bet of 10 coins elevates the RTP to between 89.1% – 99%. Furthermore, it provides bigger payouts and the Supermeter mode. In Supermeter mode, you need to choose the bet level and the optimum level at which to collect your winnings. It is this element of skill which can increase the RTP. The skill component, retro style and engaging gameplay make Mega Joker a firm favourite with players.

Progressive Slot Machine Jackpots

Frequently Asked Questions

Because our goal is to keep you well informed we have put together a list of the most frequently asked questions and our team of experts has provided the answers below.

🏆 What are the best paying slots?

The best paying slots are the ones that feature a high RTP because that translates to a small house edge such as NetEnt’s Jack Hammer 2 slot or Simsalabim, with a return to player percentage of over 97%.

✍ How do I choose a good slot machine?

In choosing a good slot machine a player should look for high payouts, volatility and the features of the game itself. For example, you are bound to have a higher return on your investment while playing a slot with free spins and multipliers.

💱 What is the average payout on slot machines?

The average payout on slot machine varies among slots but you are going to find a higher return-to-player percentage in the recommended online casinos as compared to the traditional slot machines. Blood Suckers slot and 1429 Uncharted Seas slot have a very high RTP of over 98%.

Slot Machines Hitting Jackpots

🎰 What is a high variance slot machine?

High variance slots are destined for gamblers who are willing to play for huge wins.Kings of Chicago is a great example in that direction because it features not only a high RTP but also a high variance, which makes it ideal for our example. Flexible betting limits, free spins and a unique twist on slots as we know them are just a few perks of enjoying this title.

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