There are a number of points that must be contemplated when discussing the odds of online slots. First and foremost, the numbers given are not true odds, they are a payout percentage. The importance of this fact is that, if a slot machine has a percentage of 96%, it does not mean that you will get back $96 from every $100 that was bet. Instead, $96 of every $100 is paid back from the machine on average, but it is paid amongst all of the players on the machine, which may be a large amount of people on an online slot. Nonetheless, remember that the higher the percentage, the better it is for you, the player.
Online slots and their land-based brethren vary greatly as far as odds are concerned. In the US, land-based payout on slots averages fewer than 94%, while the online slot machine odds average out to approximately 98%. This is partially due to the fact that the online casinos can not fully replicate all of the flashing lights and whatnot associated with land-based slot machines; it is also based on the fact that online casinos lack the operational costs of land-based casinos. Put those together and it allows the online odds to be significantly higher.
Finally, when dealing with slot machines and odds, make sure to take into account how loose the machine may be. That is, the machine may pay out frequently, yet if so it is only paying out lesser amounts. However, a ?tight? machine pays out less often, yet there is a greater chance that it will hit a jackpot. While this factor is not figured into the odds, it is an important fact to consider, and sparks numerous debates on whether it is better to regularly win a little or risk winning nothing at all in order to play for the jackpot.
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