While this might sound like an obvious statement, but when you play at an online casino, you want to do everything you can to find a slot machine with the highest payout rate. If you were to base this on RTP (Return-to-Player) alone, the online slot machine that pays out the most is Mega Joker. With an RTP of 99%, the classic online slot machine gives you a significant chance of walking away a winner.
It is important that you refrain from choosing a slot machine purely on its RTP rate. The reason for this is that you need to consider a range of other important factors, such as how much you can win, how often you are likely to get a feature or bonus, and ultimately, how much you need to stake. The slot pay out most is the Mega Joker – but is therefor the one you should play?
In the case of Mega Joker, in order to get the highest possible RTP percentage of 99%, you need to play at enhanced stakes. Nevertheless, in order to lay the foundations on your behalf, we have created this article to guide you in the right direction of the best playing slot online machines.
We will cover everything from how the RTP rate works, why it is important, and whether or not you should be chasing the highest percentage available. By the end of reading our informative article from start to finish, you should have all of the necessary tools to make your online slots journey a successful one.
What is the RTP percentage?
Before you can make a judgement on whether or not an online slot title offers an attractive payout, it is crucial that you understand what the RTP is and how it works. In a nutshell, the return-to-player, or simply RTP, does exactly what it says on the tin. Expressed as a percentage, the RTP indicates the ‘theoretical’ payout rate that the machine will pay over time.
The reason we have inserted an apostrophe at either side of the word theoretical is that the RTP rate is based on a long-term gameplayer. For example, if you were to stake £100 on a slot title with an RTP of 95%, there would be no guarantee that by the end of playing, you would have returned at least £95. On the contrary, you would have just as much chance of walking away with £95 as you would with nothing.
This is because the theoretical RTP rate is based on a substantial number of spins. While the number of spins cannot be quantified precisely, it is likely to be in the millions, or even billions, or individual spins. You need to remember that when you play a slot game, you are not the only player playing it. In fact, there is likely to be thousands of competing players playing specific slot titles across hundreds of different casino platforms.
How does the RTP work?
When it comes to assessing the RTP of a slot payout, you need to have an understanding of how the house-edge work. In its most basic form, the house-edge refers to the statistical advantage that an online slot platform has over its players. The house-edge is not universal, insofar that each individual casino game will have its own house-edge.
Unlike the land-based casino space, online casinos can determine what the underlying RTP is for each game. They can do this because unless you are playing a table game in live dealer format, the casino’s gaming suite will be software-supported. As a result, this allows the casino to pre-determine the house-edge on each game.
Now, in order to calculate what the house-edge is on a slot game, this is simple. If for example, the slot had an RTP payout of 94%, this would mean that the house-edge is 6%. If the RTP was 99%, then the house-edge would be just 1%. In other words, the higher the RTP percentage, the lower the house-edge, and thus, the greater chance you have of winning.
This information is freely available on all of the slot games you play online. In fact, as per regulations set-out by the UK Gambling Commission, players must be able to view the theoretical RTP before they start staking real-world funds on a slot title. This is no different to a land-based fruit machine displaying the RTP at the upper right-hand side of the machine.
However, as we will discuss in the next section, the RTP is not the only factor you should lookout for when choosing the best online slot machine.
Is RTP the most important thing to lookout for?
When evaluating whether or not an online slot machine offers a good payout rate, you should ensure that you make some additional considerations. Think of it like this. Let us say that you find an online slot machine that has a theoretical RTP payout rate of 98%. At first glance, this represents excellent value, as the average RTP rate found in the online slot machine space is in the region of 94-96%.
However, what if the machine only offered a top jackpot of 20x? This means that by playing at a stake of 50p per spin, the most that you could win is just £10. This would essentially take us back to the very early days of pub fruit machines, which, by the way, offered highly unfavorable terms for the player.
The example tells us two things. On the one hand, the machine has an above-average payout rate, which of course is good for the player. However, when it comes to the amount that can be won, this is significantly low at just 20x.
This is something that you should always assess when playing slots online, insofar that there is always the chance that the maximum win amount is sacrificed for a high paying RTP rate.
With that being said, you also need to consider the same example but in reverse.
High paying jackpot games with a low payout
While the above section focused on the correlation between a high RTP payout rate and a low jackpot amount, you also need to think about your chances of winning when playing a machine that offers a high jackpot. More specifically, we are referring to progressive jackpot slots that often offer top prizes in the millions of pounds.
Recent examples of this includes a £13.2 million jackpot win at Betway Casino via its Mega Moolah slot game. At the same casino, a UK punter also won £5.4 million on the Hall of Gods slot title. As online progressive slots have become more and more popular in the UK, jackpot prizes seem to be getting higher and higher.
However, what are your chances of actually winning on a progressive slot machine? Well, Mega Moolah – which is still one of the most popular progressive slot games in the UK, offers an RTP payout that averages 88%-89%. In comparison to the industry average of 94%-96%, this is significantly lower.
On the other hand, you need to remember that the amount you can win on Mega Moolah are potentially life-changing. Even if you do not manage to scoop the top prize, you can still walk away with 5-figure, even 6-figure wins.
Ultimately, this beggars the question. Would you rather play a slot machine with a high RTP rate but a low jackpot amount, or alternatively, a slot with a high jackpot amount, but low RTP payout? In reality, you should attempt to find a machine that combines a bit of both. Therefore, the online slot machines that you should be targeting are those with an above-average RTP payout rate, and an attractive jackpot prize.
How stake sizes can affect the slot’s RTP payout
If you have read our article upto this point you might remember how we mentioned that the classic Mega Joker slot title offers the highest RTP percentage in the gambling industry at 99%. However, we also noted that in order to achieve this payout rate, you need to play with enhanced stakes.
Ordinarily, the Mega Joker slot game allows you to choose a bet size between 1 and 10 coins. Each coin size has a value of between 10p and £2, which you as the player can choose. Therefore, the smaller spin size is £0.10, and the highest is £20.
To make things even more confusing, the Mega Joker slot offers five levels. If you choose to keep your stakes between 1 and 10 coins, which is level 0, you’ll get a rather uninspiring RTP rate of 77%. In this sense, by playing at level 0, Mega Joker has one of the worst payout rates in the online slot space. However, if you decide to play at level 4, which requires a stake size of 200 coins, the RTP moves up to the industry-leading 99% payout rate.
However, you need to bear in mind that at a minimum coin size of 10p, 200 coins amounts to £20 per spin. This is a very high-risk maneuver, even at RTP of 99%. On the other hand, if you are a high-stakes player, and you are comfortable playing at £20 per spin, then Mega Joker offers the best payout rate in the online slot arena.
How to find a good value slot machines that pays out
At this point of our article, we have discussed the three main factors that you need to look out for when choosing an online slot machine. Notably, this includes the slot machine’s RTP rate, the maximum jackpot on offer, and whether you need to stake enhanced amounts to get the maximum RTP percentage. Now, it is important to note that there is no hard-and-fast rule as to what slot machines you should be playing, as much of this will be down to judgement.
If you want to chase a life-changing win that has the potential to exceed a million pounds, then you need to accept that the payout rate is going to be low. Although the likes of hugely-popular slot title Mega Moolah has a very low RTP of 88%-89%, this is not the case across the progressive slot sphere. For example, Mega Fortune – which is also one of the most played progressive slot titles in the online space, offers a huge RTP payout rate of 96.6%. To illustrate the value that this offers, the largest win on Mega Fortune to date is believed to be the 17.88 millions Euros (approximately £15.9 million) won in 2013. This jackpot win was not won in isolation, as the vast majority of jackpot wins on Mega Fortune are surplus of £1 million.
As a result, which machine would you rather play? Taking into account that both slot titles offer a multi-million pound jackpot, would you rather play Mega Moolah at an RTP of 88%-89%, or Mega Fortune with an RTP of 96.6% The obvious answer is the former, of course!
Opting for an ultra-high RTP with a mid-range jackpot
If you are a seasoned online slots player that wants to maximum their theoretical chances of winning long-term, you might want to consider avoiding progressive jackpot slots. While on the one hand the 96.6% RTP payout rate offered by Mega Moolah is attractive, the chances of you actually winning the jackpot are slim.
Let us not forget, the RTP rate is not based on your chances of winning the jackpot, but the theoretical payout that you are likely to net by playing long-term. As such, it might be worth playing a slot game with an even higher RTP rate, but a jackpot amount that is considered mid-range.
One such example of this is the highly interactive, bonus-rich game of BloodSuckers. The NetEnt-backed slot game offers a huge RTP payout rate of 98%. In terms of what you can win, the maximum jackpot is set at 30,000 coins.
The maximum bet that you can stake per coin is $0.50 (The game is dominated in U.S. dollars), meaning that the maximum jackpot is $15,000 (approximately £12,000). Now, on the one hand this is significantly lower than the multi-million pounds jackpot available on the likes of Mega Fortune, however the key point here is that you have a much greater chance of landing a big win. Moreover, you are netting yourself an RTP rate of 98%, which is above-average.
How can I increase my chances of winning on a slot machine?
If you have read our guide up to this point, you should now know how to assess whether or not a slot machine is worth playing. In fact, we hope that you now know not to only look at the RTP percentage, insofar that you also need to consider the required stake size, and the maximum jackpot on offer. Ultimately, you should try to find an equilibrium between all three metrics. However, it is important to note that there is one more thing that you can do to increase your chances of winning on an online slot machine – bonuses.
As the UK slot space has grown year-on-year since it was launched in the 1990s, more and more casinos have since set-up shop. What this means is that the online slot space is now really competitive. With most online casinos offering the same slot titles in their gaming suite, operators need to find a way to entice new players to their platform. The way they are able to achieve this is by offering highly competitive bonuses for those that are yet to open an account.
As long as the terms and conditions of the welcome offer are reasonable – notably with respect to the wagering requirements, then you should attempt to take full advantage of each and every bonus. This will have major impact on your chances of winning, as you will consistently have your starting balance boosted.
For example, if you register with a new casino that offers a 200% match bonus up to £300, you can play with £900, even though you only deposited £300. With this in mind, you are effectively putting the house-edge into your favor, not least because you are able to play with three times as much as you deposited.
Online slot machines that payout the most: The verdict?
In summary, the purpose of this article was to educate you on how to find online slot machines that payout the most. However, by clearly explaining how the RTP rate works, we hope that you now have a comprehensive understanding of what you need to look for. Ultimately, it is all about finding the perfect balance between the RTP payout rate, the maximum jackpot on offer, and of course – whether or not you need to stake enhanced levels to get the maximum RTP.
By finding an online slot machine that meets this criteria, and by utilising the hundreds of welcome bonuses that are now on offer to UK players, you stand the best chance of winning long-term.