When you walk into a casino, you could hear the ringing of winning slot machines. People are winning left and right. It seems too easy. But do you ever wonder what the odds of winning money actually are? In other words, how much do these machines actually pay out?
Slot machine odds are normally expressed as a payout. So for example, a 90% payout would mean that for every dollar you put in, you would receive 90 cents back. But do not take that literally. That's a simplistic way to put it because anything can happen in the short-term - you could win on your first spin or you could have zero wins on your first hundred spins. It just means that in the long-run, say 1000 spins, you will get back 90% of your money and lose 10% of it.
Most casino slot machines pay out at least 90% and the general rule is that machines that cost more to play have a higher payout percentage and, that, better odds. So, it's better to play, say, a $ 1 slot machine than it is to play a penny slot.
As well, casinos in high competition areas like Las Vegas and Atlantic City tend to have much better payouts, with payouts of 98% to 99% being quite common. Of course, casinos in remote areas would not even be close to this kind of payout. So, if you really do enjoy playing slots, your best bet is to do it in Las Vegas or Atlantic City.