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Every slot machine at the casino has the payout table that lists the winnings in the number of coins or credits that the player can receive on each possible combination of the symbols. The pay table is usually situated on the front of slot machine, above or below the spinning reels, or close to the slot machine. When you play video or online slots you can open the payout table by pressing the special button.
Typically slot machines provide the payouts from 82% to 98% of the money wagered by the player. The minimum return to the player is in fact established by the law and it can’t be lower than the law states. For instance, in New Jersey the minimum payout is 78% of the wagered money and in Nevada it doesn’t fall lower than 75%. All the winning patterns at slot machines are selected so that to provide the set payout and take a percentage to the house. If the players insert $1 for every spin at the certain slot machine it will pay out on average $950,000 out of $1,000,000 wagered through 1,000,000 spins. Thus this slot machine has 95% payout percentage. The slot machines that have the 90% payout percentage and higher are called Loose Slots.
Besides the payout percentage the probability of every payout on the pay table is also very important as it influences the player’s chances. In fact, all these probabilities are kept in a secret and are not revealed to the players. Sometimes, the casinos advertise that some of their slot machines provide 100% return to the player while in fact all the slots are of the same type and have the same probabilities.