Many people consider payback to be one of the most-important concepts with regard to choosing internet slots. After all, online slots payback refers to the amount of money that you can expect to win back.
For example, 95% payback indicates that you can win back 95 cents on every dollar wagered. A higher payout percentage generally shows that you have better chance of winning.
But is online slots payback really the best indicator of how much you’ll win? I’ll answer this question and discuss what other factors you should consider.
Online Slots Payback doesn’t Indicate Short Term Winnings
The problem with payout percentages is that they don’t do a good job of showing how much money you’ll win in the short term.
Online slots payback is instead used to indicate your long-term odds of winning. And it can take a game millions of spins to reach this point.
You can’t simply sit down to a slot machine with 98% payback and automatically expect to win more than other games.
What to Consider Instead for Short Term Indicators
You may fail to win anywhere close to an online slot machine’s stated payout percentage. This makes it a bad way to predict short-term wins.
But you can use other factors to figure out your short-term prospects.
One of the best things to look at is the size of a game’s jackpot. Online slots with huge jackpots will pay back less in the short run, because they must seed the large payout.
Another aspect to consider is the number of small payouts. More little prizes indicate that the game pays on a frequent basis.
Of course, slot machines with small jackpots and multiple little payouts can still be volatile. But you can at least expect more short-term winnings from these games than big progressive slots.