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Typical Illinois Slot Machines Payout
Many players know all too well about the concept of high-paying slots and low-paying slots. These are not misnomers or fallacies; they are real-life realities. For example, there are slot machine games that are notorious for low payout rates, while there are other slots games that have significantly higher overall payout rates, usually owing to higher coin denominations required to play those slot games. You often hear the terms house advantage or house edge being used interchangeably when it comes to odds in casino games. However, when we are discussing Illinois slot machines, the term that is used by operators is the payout percentage. It is essentially the same concept, but it is viewed from a different angle. If you want to know what the basic definition of a payout percentage is, it is simply the house edge subtracted from 100%.
RNGs and Slots Payouts are Linked
The concept of a random number generator is one that needs further illumination in order to understand how payouts of Illinois slot machines work. For the purposes of discussion, a random number generator simply randomizes the outcomes of slot machine games. The random number generator (RNG for short) is a computer program that has been designed and independently tested by third-party authorities affiliated with regulatory bodies to ensure the fairness and randomness of all outcomes. It is important not to confuse the purpose of an RNG and that of the casino’s payout percentage rate. These are two completely different aspects and they are for the most part unrelated to one another.
The casino is responsible for establishing its payout combinations to ensure that it remains profitable. The RNGs feature stops for every combination and every reel, but the payout for any combination hitting is determined by the casino. If you have for example 20 stops which each have an equal possibility of hitting over 3 reels, the calculation would be as follows: 1/20 X 1/20 X 1/20 equals 1/8,000 of all 3 spinning reels to land on a specific stop. Now the actual casino may have a payout for that combination of just 75:1 or 100:1 for example. This brings us to one of the most important aspects of Illinois slot machines and casinos: the payout is always less than the odds of winning.
Typical Payouts and Payout Percentages
A standard online casino will have slot machine payout rates in the region of 95% – 98%. And the reason why these payout rates are so much higher than land-based casinos as a result of lower fixed costs of operations. Since everything is online, there is no need to maintain slot machines, no need to employ scores of personnel, no need to rent facilities other than servers, etc. Another important thing to bear in mind is PARS. Illinois slot machines players will typically not have access to things like this, but it is something that is important in the industry and is known to the casinos themselves. Many players believe that slot machine games that offer higher payout percentages will pay out more, but this is once again also open to interpretation.
Video Gaming is regulated by the Illinois Gaming Board. Licensed establishments can have up to 5 video gaming terminals at their locations.
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