A Guide To Finding The Highest Paying Video Slots

Away from the sports betting markets there are plenty more ways to gamble online. Some of the most popular of which are online video slots. Quick, fun and simple to play, video slots can also deliver some very high payouts if you know where to look. But whilst they are easy to play – you simply choose your stake and spin the reels – behind the scenes slot games use complex algorithms and maths models to drive the results of each bet. Understanding how these work is the key to picking a game with good odds of winning. 

In this article we explain the maths behind the reels and pick out 10 games with high win potential so next time you play real money slots you can increase your chances of winning. 

Return to Player (RTP)

RTP is common terminology in the casino industry. It refers to how much money a game will pay out as a percentage of all that wagered on it. RTP in casinos varies considerably but will usually be somewhere between 90% and 99%. Blackjack, for example, typically has an RTP of around 99%, roulette 98% and slots around 96%. That means for every $100 you wager on a slot, usually around $96 will come back to you in winnings.  This leaves $4 as the ‘house edge’, the amount collected by the casino as gross profit on their customers’ wagering.

Whilst the average RTP is 96%, some slots run on a higher RTP, and some lower. So if you want to play a game that pays back more on your wagering, choose one with a higher RTP. Here are 5 popular slot games with high RTP:

  1. Mega Joker by NetEnt – 99%
  2. 1429 Unchartered Seas by Thunderkick – 98.6% 
  3. The Catfather by Pragmatic Play – 98.10%
  4. Bloodsuckers by NetEnt – 98%
  5. Book of 99 by Relax Gaming – 99%

Game Variance

Finding a game with a high RTP will help you to increase your chances of winning on slots. But there is another feature that you need to take into account when choosing which one to play: variance. 

Slots variance, expressed as either low, medium or high, will tell you how far from the advertised RTP a game may vary during gameplay. RTP is an average figure. Your slot won’t always strictly payout at 96%, it will pay out over 96% on occasions, and under 96% on occasions.  Now, when you play a high variance slot the payouts will vary significantly above and below the average and your distribution of wins will consequently be very uneven. That means you may play for many spins with little or no payout before a short burst of very big wins follows. Low variance slots on the other hand will behave very differently with much more even win distribution. When playing these games you can expect regular, smaller payouts.

For this reason, high variance games are often referred to as high risk – a gambler can sit spinning the reels for a long time and lose a lot of money chasing down those elusive big wins. Of course, when the pay-off comes it can be much higher than that in a low variance slot. In fact, modern high variance slots are usually built with much higher payout potential to attract risk-hungry players looking for the epic jackpots. 

Here are 5 games with high variance and high payout potential for you to try:

  1. San Quentin xWays by No Limit City – 150,000x top prize
  2. Money Mariachi Infinity Reels by ReelPlay – 50,000x top prize
  3. Money Train by Relax Gaming – 20,000x top prize
  4. Gods of Rock by Thunderkick – 20,000x top prize
  5. Mental by No Limit City – 66,666x top prize

NOTE: ‘x’ is a multiple of the stake value. Therefore, if the top prize is 150,000x and you wager $1 you can win up to $150,000.

We should point out now that the odds of winning the top prize in a slot are usually incredibly long, sometimes as much as 1,000,000 to 1 or more. Still, a slot with a 150,000x top prize has the potential to drop bigger prizes even before you hit that jackpot, so spinning on these games is a better option for big payout chasers. 

Progressive Jackpots

Before we conclude, a word on progressive jackpots. These games advertise huge, life changing prizes and are certainly the best chance you have to score a win of over $1,000,000. To generate these prizes progressive games take a small % of every $1 wagered and put it into a prize pool – the jackpot. Usually the jackpot will be seeded which means that the operator will put in a sum of money to kick things off before the contributions start to grow the pot. Big progressives like NetEnt’s Mega Moolah will be seeded at as much as $1,000,000!

Again, remember that the odds of winning a progressive, just like high variance jackpots, are extremely long. For every $1,000,000 payout, millions of dollars are wagered by unlucky punters. So keep this in mind if you are taking a shot a the big one! 

Here are five progressive jackpots worth trying your luck on:

  1. Mega Moolah by Microgaming
  2. Mega Fortune by NetEnt
  3. Mega Fortune Dreams by NetEnt
  4. Bonanza Megapays by Big Time Gaming
  5. Who Wants To Be a Millionaire Megapays by Big Time Gaming

Conclusion – Pick a Game To Suit Your Preference

Alongside your own taste in slots based on themes, sights and sounds, the maths behind the game can help you choose one to suit your preference. Our advice is to check out the paytable pages of a game before you start spinning. Look for the RTP value and make sure you are comfortable with the figure. Ideally it should be at least 96%, preferably 97% or higher. But also keep in mind the advertised variance. If you pick a game with a high RTP AND high variance you may be waiting a long time for those big payouts to hit. Of course, if you want risky game play with big potential then you should always go for the high variance slots regardless of RTP. Finally, if you really want to aim for a life-changing payout then progressives are the only way to go.

Good luck and enjoy your spinning! 

Some Further Reading

Big Time Gaming Website – High Variance Slots Specialists including Megapays Games

Microgaming Big Winner Report