
The problem is that the payouts aren’t commensurate with these odds of winning.Īlso, slot machines pay off bets on an X for Y basis rather than an X to Y basis. So it’s fair to see that on most slot machines, your odds of winning something are 3 to 1 or 2 to 1. Most slot machines have a hit ratio of about 1 in 3 or 1 in 4.

Over time, it represents the long-term average of how much money the casino will win from you on each bet. That’s a ratio that compares the odds of winning with the amount you win. What you’re really concerned about is the payback percentage. You don’t know what the odds of winning are.Īnd, to an extent, the odds of winning are irrelevant. 4- What Are the Odds of Winning on a Slot Machine? The payouts on a slot machine game are more complicated than that, but it’s the same principle. Such a game would have a house edge of around 17%, on average. You’d lose $1 on 599 spins, but you’d win $500 on the one spin, for a net loss of $99. Suppose you played a casino game where you had a 1 in 600 probability of winning, but when you won, you only got a payout of 500 to 1.ĭo you see how that would be profitable for the casino? The casino makes its money because the prize schedule for a slot machine game pays prizes in such a way that the game is inherently profitable. These are actually random - they’re not fixed or rigged in any way.
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Modern slot machines use a random number generator to determine their results. This does NOT imply that each symbol has a 1/20 probability of coming up on a spin, though. 3- How Many Different Symbols Are There on a Slot Machine?Īn average slot machine game might have about 20 symbols on each reel. People are just used to seeing these symbols on these games. Obviously, the picture of the fruit in question represented the flavor of candy you won.Īnd, again, the reason these symbols are still in use have more to do with tradition than anything else. Oranges and plums, well… They meant you won dragonfruit and huckleberry flavored candy. Cherry symbols meant winning cherry-flavored candy.Īpples meant winning apple-flavored candy. Just as the bar symbol meant you were going to win chewing gum, the various flavors of fruit-inspired candy were prizes you could win. 2- What Do the Fruit Symbols Mean on a Slot Machine? Slot machine makers still use bar symbols out of tradition, even though I’ve never seen a slot machine game that offers gum as a prize. (It was a popular brand of the Bell-Fruit Gum Company at the time.) They were in color in those days, and different colors meant different flavors of gum. The bar symbols on slot machines represent sticks of chewing gum - specifically, BAR chewing gum. After all, keep in mind that the idea was to have prizes that were small, like coins.

My first guess would be that the bar symbol on a slot machine symbolized a candy bar, but that would be too big.
