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Fun Free Slots vs Real Money Slots

January 28th, 2010

Players are always saying to each other in forums that playing fun free slots is never the same as playing real money slots. Their argument goes something like this. The casinos set up the free games with very high payout percentage rates so the players believe it’s very easy to win. But when the player switches over to normal real money mode the games have lower payouts and the casino keeps most of the winnings. Now, this may be the case in some online casinos as we have no way of verifying this. However, we’ve done some research with companies that certify online casino software and what they told us is quite the opposite of this common myth.

There are independent companies out there that review and certify online casinos for the fairness of their games. They conduct in depth tests on the games with computer programs to see how well the game actually pays. They sometimes will spin the reels of one slot game a billion times to see what the payout rate is in the long run. These companies have done this for online casino software companies such as Microgaming, RTG and Rival-Gaming. They conduct the test both on real money games and free fun games. The results turn out to be exactly the same for both versions, pointing the casinos have not manipulated the odds in one version.

One possible explanation for why players seem to win more in fun free slots is because they are using pretend credits and wager high and fast. When you have a big balance to play with and play hard and fast, the payout rates will even out faster and you will probably feel the games are paying higher than normal. This is all simply to the effect of playing “fun” money with which you are not attached to.

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Casino Slots with generous odds? Look for the payback rates

December 17th, 2009

The casino always has an advantage over the player, that is what’s called the ‘house edge’. Playing at an online casino or any casino for that matter is always a risk of losing money. Yet, winning at online casinos is always possible otherwise no one would be going to them. You’re probably asking, is there a way of determining if a casino has generous or loose payout rates?

The term Payback Rates or Payout Rates are the same. This is how casinos manage the “looseness” of the games. These terms refer to a percentage that ranges normally between 90% and 99%. Understanding this percentage is very easy. It means that over a very long period of time a particular casino game will return that percentage of the bets it receives. A slot game with a payout rate of 95% that has received $1,000,000 in bets, will pay out $950,000 of the bets in the long run. The casino has only kept $50,000 of the million bets made on the game. Now, watch out. This does not imply that if you put in $100 into a machine it will pay out $95. The payout rate is the average of the return bets over long periods of time, sometimes involving years. The game does not play exactly its payout percentage on every session. While you may see above 100% others may see payouts under 90%. In the end it averages out and only a few players actually make a profit.

Did you know that online casinos normally publish their payout rates? Go into any game you want to play and click on the “Help” section of the game. Scroll down to the bottom and you’ll find the expected Payout rates for the game. Reputable casinos will often have the real payout rates, so this can give you an idea of your chances of winning at any particular slot game. The closer the Payout Rate to 100% the more chances you’ll have of hitting big or at least playing longer. Just remember as we pointed out above that the payout rates in the short term are volatile and cannot guarantee any sort of expectation.

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