Is There Any Way to Know When a Online Slot Machine Will Hit?

admin — Fri, 05 Nov 2010 14:15:29 +0000

The most prominent question on online slot players minds seems to be the same land-based slot lovers ask themselves too: when will my machine hit a winning jackpot? Or, is there any way to know when my online slot machine will land a winning combination? The answer to these questions is a definite no. If in fact there was a way to know this information, then everyone would be rich. Online slot players would bet the minimum possible amount when the slot machine was “cold” and bet maximum paying amount when the machine was “hot”. People could literally quit their day jobs and play online slots for a living, and a rich living too. However, this is simply impossible.

What determines the impossibility of predicting if an online slot machine will hit a jackpot or not are the Random Number Generators, or RNG’s installed inside the machine. These RNG’s are in charge of calculating the next result of every slot machine, or game of chance out there. The way the generators work is basically by taking one or more parameters and performing some mathematical operations on them to generate a certain number. These parameters are usually past results from the RNG itself. RNG’s are able to generate such an intricate and random sequence of numbers to complete every action, that is impossible for a human mind to decipher

The truth of the matter is that just like land-based slot machines, online slots are programmed to create random patterns that can not be determined. When a player starts a game by pressing the spin button, the machine gathers the output from the RNG to determine where to stop the reels. The machine gets the most recently calculated value from the RNG and uses that number to calculate the stopping positions, which guarantees the fairness and randomness of the game and makes it impossible to predict the outcome of the machine.

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A few percentage can be big online casino profits!

admin — Thu, 25 Feb 2010 13:54:28 +0000

Online casinos live and thrive on their house edge. For casinos to be operating for such a long period in history this house edge had to be minimal, so as to tempt players with an actual possibility of winnings. Up to this day online casinos make profit from the small percentage of the total bets that they keep. Table games and skill casino games don’t leave much to the casino. Often enough the games have only a 1% house edge, which means that the casino keeps around 1% of all bets made. When it comes to online slots, the casino keeps a bit more which is around 5%.

Most online casinos today advertise a generous 95% payout rates with their slot machine games. This is the standard but there are deviations to it. There are only casinos that in truth only pay out around 92% of the bets received on online slots. When you come to think about it 3% represents a serious amount of money that is going to the casinos rather than the player’s pockets.

Let’s make the hypothetical situations that an online casino receives in slot wagers around $200,000 a day. If on any given day the slots are paying the normal 95%, that would give $190,000 back into players hands and the casino is only making around $10,000 in profits that day. But now suppose the slot games are paying at 92%. The money going back to players would be $184,000, six grand less a day. That leaves a lot of room for more players losing and less players winning.

When it comes to percentages and numbers, even a few points here and there will make a big difference when you gamble online. Keep an eye out on what are the payout rates at your favorite online casino.

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Is There Any Way to Know When a Online Slot Machine Will Hit?

A few percentage can be big online casino profits!