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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.
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A simple slot machine game might have three reels and five symbols. The chances of getting a jackpot would be 1/5 X 1/5 X 1/5, or 1/125. If the slot machine is programmed to pay out 100 to 1, then it’s easy to see how the casino would make a profit in that situation. Of course,...
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