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Take the ever-popular Wheel of Fortune video slot by IGT, which takes its cue from the iconic game show.
This slot carries a payback percentage of 96.
Flipping it back to the house edge metric, that comes to a 3.
Slot machine payback percentages can vary wildly, running as low as 85 percent and as high as 99 percent, which is why game selection is such a crucial part of a successful strategy.
If you played the lower payback games exclusively, while missing the higher paying alternatives simply out of ignorance, you could easily rack up thousands of dollars in unnecessary losses.
When you apply a metric like payback percentage or house edge, these figures should be considered as theoretical.
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Everybody wants to hit it big, and most slot players entertain visions of spinning their way to a life changing jackpot score.
Every year sees hundreds of lucky souls head out to Las Vegas or their local casino, only to return home with hundreds of thousands, or even millions, of newfound riches thanks to a major progressive jackpot.
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The already volatile game of slots transforms into something far more insidious, with a probability of success more akin to keno than a legitimate casino game.
Every casino runs a similar slot club promotion, and they all work along the same general premise.
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The more you spin, the more points you earn, and those points can be redeemed like cash throughout the duration of your stay.
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Winning consistently at slot machines is hard.
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