Questions which are frequently asked about online slot machine gambling

Situs judi slot online might confuse you but with the below questions, you will be able to learn something about them:

Are online slots rigged?

In a sense, all slot machines are rigged due to the fact that, the odds of being able to win and the odds of the payouts are not commensurate. The casinos will always have the edge. But they aren’t rigged in the way that you might be imagining. Yes, you have a chance of having to win at the slots online but you will not lose at every spin that you make. The casinos don’t have the games programmed to be able to compensate for your last lose or winning streak.

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What is the annuity?

In most cases, you will hear the annuity term being discussed when talking about the slot machines due to the size of the progressive jackpots. When you win for example $1 million dollars on a progressive slot machine, you will have the option of cashing it out $750000 or you could opt for the annuity of $25000 yearly for the next 40 years.

Even if you decide to get the one million dollars via the option of annuity, the cash payment might be the best option. That is due to the fact that, the time value of money. With 40 years, with budgeting and investing, the $750,000 will be worth more than $1 million.

What is the hit frequency?

It refers to the frequency a slot machine is able to hit at a combination for winning. It is a concept that relates to the house edge and the payback percentage, but it is not the same thing. A slot machine might hit often but only give out small wins which will have lower percentage of payback as compared to a slot machine which hits rarely but has on average higher wins.