Higher Slots Payout Percentages aren't always Better
If there's one golden rule of playing online slots, it's to look for games with the highest payout percentage. After all, a payout percentage determines how much money you can expect to earn back from slots over the long-term. So a game with 97% payback is definitely preferable to one that features 92%.
After all, a payout percentage determines how much money you can expect to earn back from slots over the long-term. So a game with 97% payback is definitely preferable to one that features 92%. But while higher payout percentages have been ingrained into many. Drake Casino enables a highly rewarding gaming experience by offering state-of-the-art games, attractive bonuses and promotions, Drake Club and VIP Rewards Plan, while friendly customer service is in place to help make your time at the casino all the more enjoyable. Great Casino Game Variety With over 160 exciting casino games available, Drake Casino offers incredible variety to players. The online slots selection is always popular with 3-reel, 5-reel, progressive slots, and a new lineup of visually-stunning 3D casino slots available.There are plenty of table games too with baccarat, blackjack, Caribbean poker, craps, Oasis poker, Pai Gow poker, Red Dog. The Drake Casino Club, their exclusive bonus loyalty program, offers between 10% and 35% bonus reloads depending on your lifetime play. The bonus rewards levels are amber, bronze, silver, gold, platinum, and diamond. Drake Casino players receive points for every $100 they spend. Drake Casino No Deposit Bonus Codes 2021 40 Free Spins Bonus on “DRAGONS CAVE” slot at Drake Casino. Bonus Code: LOVE40 Bonus Type: New players no deposit free spins Games Allowed: Only DRAGONS CAVE slot Expiry: 8/30/2020 Wagering: 50x Max cashout: $80.
But while higher payout percentages have been ingrained into many slots players' minds, higher payback isn't always better. And this might sound like a strange thought, so keep reading to find out why bigger payout percentages aren't right for some players.
Keeping up with the Industry
What Casinos Payout The Most
As we all know, online casinos want to make a profit. And in order to accomplish this goal, they need to have a long-term edge on games while still remaining competitive with the industry in terms of payback. For example, a casino could make a lot of money off players by offering 75% payback. However, once word gets out about the measly 75%, players are going to flock to other casinos.
So most gaming establishments shoot for a standard profit with slots games based on coin denominations. This being the case, payback usually increases as players bet higher coin denominations. Here's a rough sample of how this might play out at an online casino:
Nickel Slots = 92% payback
Quarter Slots = 94% payback
Dollar Slots = 95% payback
$5 Slots = 98% payback
Doing the Math
To illustrate how this all plays out on the reels, let's say that you make 100 wagers with each of the aforementioned games. After doing this, your expected losses would go as follows:
Nickel Slots = $0.40 expected losses $0.05 x 100 bets - ($5 total bet x 0.92)]
Quarter Slots = $1.50 losses
Dollar Slots =$5 losses
$5 Slots = $10 losses
We should reiterate that this is just a rough figure used to represent a generic casino. However, it adequately shows how - in many cases - players' expected losses increase with higher payback games due to bigger spins costs. So while 98% payback might look pretty on paper, the $5 coin denomination is going to lead to more long-term losses.
Now we're not saying that you should avoid higher denomination slots games - after all, they normally offer huge jackpots. But if your bankroll is pretty small and you're just viewing slots as entertainment, you might be better off with lower payback/lower coin denomination games.
What Casinos Have The Best Payouts
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