John Ford | January 24, 2021 | Updated on: December 5th, 2023
There are some slot facts every player needs to know. Slot machines are very popular because they are fun games and allow you to win big. It’s also one of the simplest casino games to play as it doesn’t require skill.
Given the popularity of slots, we’ve dedicated this article to slot facts we think you should know. Having a factual understanding of the game may help you play better and remain level-headed. You can expect to read up on our top secrets for winning and more!
One of the reasons slot games are so popular is that they offer big jackpots. Many games have progressive jackpots where you stand to win a lot of money. Some progressive jackpots can go as big as the totals won in lottery games.
In progressive slot jackpot games, everybody who is playing that particular game has a shot at winning. Jackpots are usually set at a certain amount and grows gradually with every bet.
Although these popular games offer big payouts, beware that your chances of winning are very low. Some of these games have terrible house edge statistics.
2. Slots Don’t Keep Track Records
While we are on the topic of progressive jackpots, it’s worth mentioning that progressive jackpots don’t keep a record of how many jackpot payouts they’ve made.
Players often have all kinds of superstitions about slot game jackpots. Some believe that there are hot slots and cold slots and that slot machine software somehow records when the last payment was made.
This isn’t true because the results of the machines are completely random and cannot be controlled. The next jackpot win could happen at any time. There have been cases where a game that took months to payout pays out twice in one week.
3. Traditional Slots and Modern Slot Machines Are Not the Same
There are big differences between early fruit machines created by Charles Fey and the machines that exist today. Previously, only a few components went into building a traditional slot machine, such as levers, reels, and coin slots.
Today, much more work goes into it. Lots of people contribute to creating one slot machine that requires components like touchscreens, RNGs, bill validators, and machine cabinets.
4. Online Slots and Land-Based Slots Work the Same Way
The industry has progressed to get the same experience regardless of where they play slot games.
Slots at a land-based venue might have a different atmosphere, but the game is played the same way everywhere. Online slots have done a good job of emulating the game as best they can.
5. The RTP Percentage of Online Slots is Generally 90% or Above
The return-to-player percentage for most online slot games is around 90% and above. Theoretically, better payout percentages mean you should stand a better chance of winning while playing these games.
The slot industry is extremely competitive, so most games offer RTP percentages of between 93% and 94%. However, you get some games that go as high as 98%!
Odds of Winning at Slots
All casino games hold a house edge over the player. You can also determine what that house edge is by finding out what the payoffs and odds are for each bet. But this doesn’t apply to slot games.
Slot machines have different symbols, each with its own value. And, the more like symbols you align on the reel, the better your payout. Unfortunately, you cannot determine which symbol will appear where.
Because of this, it’s impossible to determine the house edge. As such, the house edge found in slot games is often higher than the house edge found in other casino games.
The Truth About Slot Machines
All in all, slot games are one of the best casino games out there, and that’s a fact. They come in different themes and are developed by various software providers.
Some have progressive jackpots to benefit from, and the RTP percentage is generally great for the player. It’s also easy to play and doesn’t require a hefty bankroll.