Hey Man .
I have seen lots of players being frustrated with 'payout percentages'. This tactic is used by casinos to lure a player in. But its not like they are lying. Most casinos DO get some sort of 'audit'. You need to understand how they use this figure.
So why can't I cash-out, when the casino boasts 97.3% on slots and 98.1% on table games???!!!
The answer is simple. A payout is ANY return on a given spin, turn, roll, etc. So let's say you spin $1.25 on a single slot spin. The 97% doesn't mean you are going to get 97% of it back, nor does it mean you will get 97% of your bankroll.
What this means is that 97% of the time, the slots WILL payback 97%....This means that even if you only win $.25 off of that spin, you still are getting a "payout".
Same with table games, a payout is considered to be any return from a bet, no matter what the size of the return is...
So when you see, 97% just means that you will get some sort of "payout" whether its $.05 or $25. This means that 97% of the time, you will get something, not 97% of what you put into the machine or on the table.
What EXACTLY is a payout, why do casinos mention 97%
- Started by
- freddyvtown
- Jr. Member 98
- last active 1 month ago
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- Started by
- freddyvtown
- at Jul 11, 10, 10:41:48 PM
- Jr. Member 98
- last active 1 month ago
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- Replied by
- genenco
- at Jul 11, 10, 10:54:29 PM
- Mighty! Member 3032
- last active 5 years ago
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- Replied by
- freddyvtown
- at Jul 12, 10, 03:01:32 PM
- Jr. Member 98
- last active 1 month ago
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- Replied by
- genenco
- at Jul 12, 10, 06:02:07 PM
- Mighty! Member 3032
- last active 5 years ago
Hey Man .
I used 97% as a general figure. I didn't specify which casino made the claim, because there was none. It was intended as an example, however, I know that there are land-based casinos that advertise this figure.
OK, Man I was DANG curious which online made that claim. I'd be there
But regarding land based ones, yep have seen that and even some of the carousels which were advertising 99.5%-101% payback. But they are quite rare.
Still, that's why I am taking a bit of a vacation from onlines. I get a 90% odds from the bars in Oregon and about a 94% at some of the indian casinos 90 min away.
Now in conclusion (This is open to anyone who can tell me) Why can land based casinos offer 97+% paybacks and not onlines?
Onlines have fewer employees
(I don't know about tax structure)
less maint cost.
-
- Replied by
- Joseph Kennedy
- at Jul 12, 10, 06:36:03 PM
- Super Hero 1621
- last active 6 years ago
Basically, you give a casino a dollar and they give you back 97 cents (at least that what they advertise).
Actually, seeing the slots online, generally average between high sixties .65+ to the mid seventies .74 .75, .76
Moreover, the casino's edge has to be large enough to pay off staff, utilities, comp meals/rooms, etc and a hefty profit for the owner/stockholders -
- Replied by
- freddyvtown
- at Jul 13, 10, 04:18:15 PM
- Jr. Member 98
- last active 1 month ago
Hey Man .
Sorry, your explanation of a payout is not correct. A payout percentage is ANY return on a bet. So if you bet a dollar, and the payout is 90% it doesn't mean you get 90% back. It means that 90% of the time it will "payout" A payout can be $0.01 even if you spin $5.00 per spin, you are still getting a "payout" It has no reflection on a percentage "back".
A payout can be $.50 or it can be $500....its all the same. a payout is a payout -
- Replied by
- Imagin.ation
- at Jul 13, 10, 05:00:10 PM
- Superstar Member 5026
- last active 5 years ago
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- Replied by
- dabigdog
- at Jul 13, 10, 05:08:11 PM
- Hero Member 751
- last active 7 years ago
after several extremely poor sessions with casino titan they sent me my play by play stats and i discussed them in detail with their support people....they stated that their 'PAYBACK percentage" was in the mid ninties (96 i think) The statement made by josephhkennedy above is how the percentage is figured ...based on how many cents you can expect back on each dollar wagered. so you start with a dollar betting one penny a spin..then have 96 cents after a hundred spins and so on until you bust. This statistic can help you to figure out how long you should be able to play and once it goes below 80....do the math...it is serious reverse ATM action. freddy..how did you figure your formula? maybe we should ask a REP to give us the details
-
- Replied by
- genenco
- at Jul 13, 10, 06:49:38 PM
- Mighty! Member 3032
- last active 5 years ago
after several extremely poor sessions with casino titan they sent me my play by play stats and i discussed them in detail with their support people....they stated that their 'PAYBACK percentage" was in the mid ninties (96 i think) The statement made by josephhkennedy above is how the percentage is figured ...based on how many cents you can expect back on each dollar wagered. so you start with a dollar betting one penny a spin..then have 96 cents after a hundred spins and so on until you bust. This statistic can help you to figure out how long you should be able to play and once it goes below 80....do the math...it is serious reverse ATM action. freddy..how did you figure your formula? maybe we should ask a REP to give us the details
What did your play by play show as a "Payout total Percentage"? -
- Replied by
- jfrye1
- at Jul 13, 10, 07:35:55 PM
- Sr. Member 295
- last active 5 years ago
Just for all wondering, I actually know the answer to this question!!! The casinos claim 97% payback but if you read the fine print it is a RIP OFF.....For example, those who have been to Las Vegas have seen the row of 50 slots that say GUARANTEED 98% PAYBACK...Well, I fell for this and I did a little research seeing how I lost quicker then I did playing regular slots...The thing is they are guaranteeing 98% on usually ONE OR TWO slot machines out of the entire 50 plus....It is false advertising, so I take it that yea one or two slots out of the entire selection may be 98% but beware THIS DOES NOT MEAN ALL SLOTS...
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- Replied by
- Jocan16
- at Jul 13, 10, 10:26:14 PM
- Full Member 225
- last active 6 years ago
If someone wants to do the research.. I believe a lot of the payout %'s are based on what is required in the gaming jurisdiction the casino is located in.. ie I think in order to be licensed in Nevada, you have to pay out around 89% of what you take in on slots. The machines all have to be set up that way, though im not sure whether it is based on all of the machines combined or each machine.
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- Replied by
- dabigdog
- at Jul 14, 10, 07:24:25 AM
- Hero Member 751
- last active 7 years ago
after several extremely poor sessions with casino titan they sent me my play by play stats and i discussed them in detail with their support people....they stated that their 'PAYBACK percentage" was in the mid ninties (96 i think) The statement made by josephhkennedy above is how the percentage is figured ...based on how many cents you can expect back on each dollar wagered. so you start with a dollar betting one penny a spin..then have 96 cents after a hundred spins and so on until you bust. This statistic can help you to figure out how long you should be able to play and once it goes below 80....do the math...it is serious reverse ATM action. freddy..how did you figure your formula? maybe we should ask a REP to give us the details
What did your play by play show as a "Payout total Percentage"?
-
- Replied by
- dabigdog
- at Jul 14, 10, 07:27:34 AM
- Hero Member 751
- last active 7 years ago
according to their records over many deposits it was 77 or 76 %. the playthrough i experienced over the course of this ordeal was horrid. Their support was great though...so i have been back several times since...only to experience the same short, short playthrough times and never winning.
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- Replied by
- dabigdog
- at Jul 14, 10, 07:29:45 AM
- Hero Member 751
- last active 7 years ago
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- Replied by
- wintermare
- at Jul 14, 10, 07:54:24 AM
- Sr. Member 420
- last active 6 years ago
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- Replied by
- wintermare
- at Jul 14, 10, 07:57:40 AM
- Sr. Member 420
- last active 6 years ago
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- Replied by
- Imagin.ation
- at Jul 14, 10, 05:31:08 PM
- Superstar Member 5026
- last active 5 years ago
How about if anyone ever plays a machine or how many times this has happened.. you play a 20, not hitting nothing.. get down to about a dollar or two and hit something close to the 20 you played.. okay now you are at least close to getting your money back, syked by this you keep playing, thinking you will get another and go above, stuck in that cycle of getting above that 20.. what percentage of winning is that?
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- Replied by
- MommyMachine
- at Jul 14, 10, 08:15:55 PM
- Mighty! Member 3746
- last active 2 years ago
Those machines that advertise 98% payouts, do payout. However, no one knows when or what machine. They don't neccessarily payout that % to one person either, as long as they payout 98% of what was put in that day they are all good.
Now, I wouldn't play those machines. It's misleading. People think if they put $100 in the machine they will get $98 back..when that is clearly not the case.
:-* -
- Replied by
- freddyvtown
- at Jul 15, 10, 12:39:14 AM
- Jr. Member 98
- last active 1 month ago
Hey Man .
You've hit it on the head. You will never get what the machine says, its all relative to the number of spins played. Also, remember, a payout is any return on a bet. It doesn't matter the size of the bet, any type of return is considered a payout. So a machine CAN payout 97% of the time, and you could be losing a lot of money, but anytime you get credits back, its considered a payout. -
- Replied by
- dabigdog
- at Jul 15, 10, 07:18:39 AM
- Hero Member 751
- last active 7 years ago
LOL this thread is making my head hurt.....freddy i just googled it...and it really cleared it up for me. according to your theory, on a dollar mandatory bet machine, it could pay back five cents on every spin and advertise 100% payback. (this would be frequency..not payback... payback is the amount per dollar over the long term) Also, check the reviews or ask, all casinos will proudly tell you their payback percentages and who they were verified by. all are in the ninties.
-
- Replied by
- kazzi
- at Jul 15, 10, 07:19:48 AM
- Hero Member 931
- last active 6 years ago
My % on lucky nuggets yeasterday was less than 20% thats for sure dident get anything at all every spins was 0 cashback almost, thats 1 casino i would never deposit at even if i got almost $10 from the freespins when signed up, but it looks like a permanent problem for me at MG now after my withdraws i never get above my deposit which i why i started play RTG.
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- Replied by
- dirkemans
- at Jul 16, 10, 01:50:15 AM
- Hero Member 916
- last active 2 years ago
very good point freddy!
i found this out the hard way:)
its really deluding, if you viisit a lot of gambling forums, and see indeed figures thrown around like 97% etc. btw, for genenco: almost all rtg, including for instance inetbet (which is the only one i deposit at) puts all their slots around 94 to 96%, this is advertised!
if you dont know that freddys point is in fact the truth of the matter, you can easily be fooled, and be dissapointed afterwards.
lets face it: slots make you lose, they are money making machines, and not on your end, but on the casinos end.
you CAN win, but its not a common feat, you have to be lucky.
so just keep that in mind on your next streak of deposits ^^
good luck! -
- Replied by
- dabigdog
- at Jul 16, 10, 05:01:20 PM
- Hero Member 751
- last active 7 years ago
i think someone from a casino needs to answer this.....can we get an expert to clear this up for us?? we have established three or four answers but where are we all getting our information from?? are online and landbased casinos definitions different?? i found alot of information on google search that disagreed with the above...but it is possible that all of the articles are opinion based and all of the information i found was wrong?? PLease.....casino expert.....help us :?)
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- Replied by
- freddyvtown
- at Jul 16, 10, 06:03:53 PM
- Jr. Member 98
- last active 1 month ago
Hey Man .
I like Casino Titan, they are reputable. And what they say is true...you can have a 97% PAYBACK or whatever number they used.
You need to understand what a PAYBACK is. Its money (credits) returned to you after a spin. It can be $0.05 or $500, to the machine, its one in the same.
As far as getting a casino rep, I don't know of any that would cooperate any more with you than Casino Titan. They probably do have the payout % as they advertise. I know that dirkemans 'Dirk' here at this forum has great experience with regards to casino reps. I am not sure how I learned that, I am sure, though.
If I were you, I would look further into what constitutes a payback, instead of getting caught up in the percentages. The percentages is used because its relatively close to being 100%, and reflects a "loose slots" effect.
I have read books on gambling, Texas Hold'em and slots, dice, etc. and I learned what a payback is anything that is returned after a bet, regardless of its quantity. You have 97% and still lose your money. -
- Replied by
- dabigdog
- at Jul 16, 10, 09:06:18 PM
- Hero Member 751
- last active 7 years ago
freddy...can you do me a favor.....go online and research what it is you are talking about.......you are talking about FREQUENCY...or something ....you are saying that if i spin 100 times....i am going to win something 97 times....97 out of 100 spins i win....come on now think about your theory... ..please ask jeeves or somebody.....you and the dirkman are way off on this one
-
- Replied by
- mamrone
- at Jul 16, 10, 09:18:05 PM
- Hero Member 912
- last active 3 years ago
this is realy simple math guys. for every hundred dollars bet the casino pays out 97 dollars running on a profit of 3% how ever, that does not mean it is going to be every exact 100 and not necessarily yours. I could bet 100 and lips bet 100 and mommy bet 100 and wannhee bet 100 and three of us lose everything and lips wins 389 dollars! hey, come to think of it that is normally how it works lips always wins (lol) anyways GOT IT?
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- Replied by
- dirkemans
- at Jul 17, 10, 12:24:00 AM
- Hero Member 916
- last active 2 years ago
dabigdog youre way off i'd say use your imagination, and combine mamrones input, and freddys, and mine, and youll have a pretty good picture of what the percentage represents.
i pointed out that it indeed NOT means that you get 97% back on every 100 $ you put in, please feel free to deposit several 1000's yourself and then cvome back and add your 2 cents.
im warning you, thats all.
dont be fooled by these percentages, i can assure you that even on amillion spins, you personally make, you will not be garantueed a 97% return.
freddys original post may not be the 100 procent correct explanation, but its closer to the truth then the payout percentage pages that casinos advertise with are.
but believe what you want -
- Replied by
- Imagin.ation
- at Jul 17, 10, 02:40:54 PM
- Superstar Member 5026
- last active 5 years ago
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- Replied by
- jakoman
- at Jul 24, 10, 08:24:47 AM
- Sr. Member 392
- last active 5 years ago
I got the ok for that website, it breaks down everything
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