Online Casino Tips: The Basics of PayOuts Posted on April 14, 2020 by Felicien Beauchemin If you are playing slot machines and somehow want to monetize it, then you have to make sure you know the basics of payouts. Playing on slot machines means you need to understand the basics of payouts— like payout rates and payout percentages. The payout rate or payout percentage is an estimate of what you can expect to form a slot machine in terms of payout. Basically, slot machines are programmed to make payouts in the form of winnings of at least 82-98% of all wagers that are paid to the slot. But this does not mean that you can expect a 92-98% return on your wager. Slot Hold Percentage The slot hold percentage is the equivalent of the casino’s house edge, which is the percentage of money the casino takes in table games. If a slot machine had 98% of the amount of money the casino takes is just 2% that’s eventually called a hold percentage. Payouts and Percentages The payout rates for slot machines vary from different states that are governed by the laws of each of its states. Although the minimum legal payout in Nevada is 75% which is lower than the minimum legal payout of 83% in New Jersey, and then other typical payout online slot machines are between 96% to 98%. Evidently, it will all depend on the place you are playing it— whether be it online or on a live casino. Winning With a Higher Payout Obviously, winning higher-paying slots will pay out more than a slot with a lower payout percentage. The issues of whether you win is still entirely a matter of chance— that’s why make sure you are equipped with a good slot strategy to monetize your winnings.