Canadian Slot Machine Payouts
Canadian Slot Machine Payouts Odds
FAQ: Canada Slot Machines
In general, prize return percentages are similar to those of slot machines available in other Canadian casinos. That means players can expect.25 cent games to pay out at random in the 90% range and $1 games to pay out at random in the 92% range over the life of the game.
Ready to venture into the wild word of CA slots sites and games? Don't go anywhere without checking out our handy FAQ.
There are three parties that weigh in on the payout percentage of any Canadian casino’s slot machines. First, the respective provincial government sets a minimal payout standard. In Ontario, for example, the OLG requires a minimum 85% payout on all slot machines. Slot machines in Las Vegas cannot go below a 75% RTP, but most online slots will have considerably better odds than that. Better than Average. The average online slot game will have a return to player of somewhere around 96%. Not as good as roulette or blackjack, but considerably better than a game like Keno or Bingo. As we mentioned previously.
Yes. Canada has several state-run online casinos packed with slots, but the best action can be found at licensed overseas casino rooms.
In 2020 in Canada, real-money online slots can be played with VISA, MasterCard, or e-wallet transfers. But Canadians love to use local favorites like InstaDebit and bank transfer for simple deposits with minimum fuss.
Yes. Reputable Canadian casinos online only stock licensed and audited games for players. These have been checked and tested to make sure they are fair before they hit the casino lobby. Always remember to check for appropriate licensing and for a random number generator (RNG).
Yes. Canadians love to bet on slots on their mobiles and tablets. The gameplay is virtually the same as slot machines online on desktop and the payouts are identical. In fact, all that really changes is the size of the screen. Just make sure you have a good Wi-Fi connection or generous 3G/4G package to handle the data usage.
Yes, and many Canadian players have won millions on internet slots. Progressive jackpots are made up of small portions of each bet. The prize jackpot is triggered at random or by activating a special bonus round.
For most casino table games, a straightforward calculation will reveal the House edge—i.e., the amount the casino can be expected to retain out of every dollar played. That advantage ranges from a low of less than one percent on blackjack (when played with the optimum strategy) to 1.41% on Pass/Come bets at the craps table and 5.26% for American roulette.
Slot machines, however, are an enigma. Without knowing the number of “stops” (resting positions) associated with each symbol on the reel, no such calculations can be made. Even then, the payouts are complicated by the number and frequency of bonus games and multipliers built into the pay tables for maximum bets. Therefore, the most accurate indicator of how much of every wagered dollar the casino expects to keep can only be found in “slots payback percentages.”
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Payback Is Predetermined
The payback percentage of any given slot machine is the total amount of cash it has paid out divided by the total amount of cash accepted by that machine over a specified period of time, i.e. the ratio of winnings to wagers. If a player bets $1 on each spin for 100 spins and ends up with $97, then the payout is 97:100 or 97%. That’s equivalent to a House edge of 3.0%, which is referred to in slots play as the “hold percentage.”
For each machine, the payback percentage will vary somewhat from hour to hour or day to day, but over the lifetime of the machine it will approach a specific number that was incorporated into its programming at the factory. In fact, casinos select the targeted payback/hold percentages when they order the units from the manufacturer, so the numbers are by no means arbitrary.
Nor do the casinos and manufacturers have unlimited freedom to choose any payback percentage they like. To protect consumers, a minimum threshold is fixed by law. The percentage may not fall below whatever standards have been set by the local regulatory authority. In some jurisdictions, the minimum may be as low as 75%. Typically, there is no maximum limit, but in order for the slot operator to make a profit, the targeted percentage must obviously be less than 100%.
Legal payback percentages are not based on averages, either. Most jurisdictions are like Nevada, where the Gaming Control Board requires that each and every machine in the state must meet minimum payback percentages. The payouts are monitored so that any noncompliant machines can be removed from play and recalibrated. This serves two purposes: protecting players from an unfair House edge and ensuring that the casino earns a predictable income.
Playing by the Percentages
Most slot operators realize that it is to their advantage to offer slots with payout ratios well above the minimum required by law. Market economics is the key determinant. With a payback percentage close to 99%, the casino’s margin is tiny, but volume will be high because players will risk and bet much more money. Conversely, when the payback percentage is low, the profit per wager may be higher, but the volume of play will drop as soon as players figure out how difficult it is to win. They will start taking their business elsewhere.
That means the challenge faced by every casino is how to set the slot payback percentages for optimum profitability. The point of equilibrium may be very elastic—anywhere between 80% and 95%, as a rule. The problem for players, of course, is that the casinos do not make this information readily available. At best, they publish a monthly “average,” including the payback rates of all machines in a single figure. Customers have to discover on their own which slots are “loose” (high payback percentages) and which ones are “tight” (low percentages).
It is worth noting that online slots typically offer higher payback percentages than those found in land-based casinos. That’s because they have less overhead and more competition. Also, slots located in rather isolated areas, such as on Native American Indian reservations, may have much lower payback percentages, owing to the lack of local competition. It certainly pays to shop around and seek out the loosest games available.
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Canadian Slot Machine Payouts Jackpots
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