I just googled the return percentage of online casinos and saw different percentages that doesn't seem real. A slot machine can be written to pay out 98%, but its programmed to pay 90% and it's publicized that way to attract more people to play using that slot. Though one slot could be paying out that amount in the casino, yet my point is that no casino offers 100 percent payout that means if a slot pays out 94 percent for every 100 dollar bill spent on that machine the player losses 6$ to the casino. That is if you play longer times you'll lose, and we can almost never stay atop of the slot machines after long period of plays, unless you win a jackpot. Even if you win a huge amount, you can lose.
They are numerous stories of people who won the jackpot and ended up spending the whole money back on the casino within a short period, 1 or 2 years, they lost the jackpot.
Isn't it?
Inspired by Jean Scott - Frugal Gambler
I think that the RTP,the return to player is clearly explained from the slot provider and this most likely is like 95-98% and usually slot providers do not lie otherwise they lose potential customers.Play n Go for example one of the many slot providers out there makes really a lot of slot machines and most of them are programmed at a fixed return to player percentage like usually in 95-97% yet sometime they give in the option to casinos only in specific slots they make to use changeable return to player percentage,for example one slot that is my all time favorite from them named "The Green Knight" has three RTP options from 84.xx% up to 96.xx% and it is up to the casino to program it the way you want but the provider is not "cheating" they make it clear that this game has different RTP options so it is up to the player to read the description in the casino offering the game at what RTP they are operating the slot.
RTP to kick in needs truly a lot of spins but on the long run we already know that the house edge which is the advantage from the RTP to the casino house is there to make them profit in the long run and consequently for us gamblers to lose money on the long run,we should play to hit that maximum payline or the jackpot and move on to another slot.