Can Slot Machines be beaten in the long run? asks SlotsOnlineCanada.com
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It is accepted that collecting more data over time offers a more accurate overview of a subject. SlotsOnlineCanada.com is testing whether the rate at which an online slot game pays out matches the developer-stated figures.
Slots offer larger jackpots and more frequent and varied winning opportunities than casino games. Blackjack and Baccarat players often gain wins at around 1.5x their bets, whereas slots can dish out prizes worth 100x the value of the bet.
The subject of this study is an online slot game with information taken from its paytable. The game has a claimed RTP of 94, moderate variance, a 21.5% win frequency, and a21.6% hit frequency. It is modelled around an individual's 'typical' 4-5 day long weekend playing slots in Las Vegas. 100 000 individual players were generated for this research. After 2 million hours of combined play, the average loss was $71.44.
A 5-week version of the same scenario was run totalling 60 000 spins per player. The percentage of winners came out higher at 5.1%.
The data shows that longer play sessions mean that an individual player only gains more variance in the amounts they could win or lose. Slots with larger jackpots create a smaller percentage of jackpot winners on average.
