Without going into too much detail, a "Loose Slots" basically means a slot machine that has a fairly high payout ratio. These types of Slot Machines it is believed are more than likely to be found in Land Based Casinos.

There is another important factor to realize regarding "loose slots" and that is each slot game’s payout percentage is a measurement of how much money you are likely to be payed in winnings as apposed to how much money you play. And while the percentage payback is relatively accurate, it could be a long-term measurement. It is possible for a “loose slot” with a 99% payback to go for weeks without paying out any significant win. The payback percentage will inevitably take place, but understand that you can be caught in between and find yourself loosing your entire bankroll.

"Loose Slots" do not apply to Online Casinos in the same manner. The reason for this is because playing at an Online Casino, you already have the advantage of an above average payout percentage which is offered by the majority of the top Online Casinos in operation.

Slot machines are typically programmed to pay out as winnings 82% to 98% of the money that is wagered by players. This is known as the "theoretical payout percentage" or RTP, "return to player". The minimum theoretical payout percentage varies among jurisdictions and is typically established by law or regulation. For example, the minimum payout in Nevada is 75%, and in New Jersey 83%. The winning patterns on slot machines – the amounts they pay and the frequencies of those payouts are carefully selected to yield a certain fraction of the money played to the "house", while returning the rest to the players during play.

Suppose that a certain slot machine costs $1 per spin. It can be calculated that over a sufficiently long period, such as 1,000,000 spins, that the machine will return an average of $950,000 to its players, who have inserted $1,000,000 during that time. In this simplified example, the slot machine is said to pay out 95% - The operator keeps the remaining $50,000.

It is our opinion that playing Online is by far the most viable way to gamble as it gives you the edge with your bankroll. Having said that, it is of the utmost importance that you take into consideration your own circumstances. Gambling is NOT for the feint hearted, and most certainly not for anyone who is not in a financial position position to do so.

Casinos - both Land Based and Online will point anyone in the right direction to be assisted should they find themselves out of their depths and having to deal with a Gambling problem.

Should you be in a position of needing help at this point, please read our Disclaimer where you will also find information of where to locate any Gambling related assistance.

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