Do Slots Pay More At The End Of The Month?

Some players believe that slots have a set date for payouts. For example, some may think that slots tend to pay more at the end of the month, and you might land potential jackpot payouts around this time. However, this is untrue.

Slots do not have a designated time of the month when they may payout big wins.

We’ll dive into one of the biggest myths in the casino world below in this 666 Casino blog post, so continue reading to find out more!

Is There A Best Time Of The Month To Play Online Slots?

No. Online slots don’t have a best time of the month when they suddenly award payouts. Instead, it’s a random event, thanks to the Random Number Generator (RNG).

An RNG is a complex mathematical algorithm that generates random results in a slot machine. The system works every second, generating millions of sequences that determine what symbol, outcome, payout, etc., you may receive on a spin.

In addition, it’s also impossible to beat RNGs since they work at fast speeds and are completely random. Therefore, we cannot predict when or if potential winning combinations occur at any given time.

Do Slots Pay More At The End Of The Month?

Slot games don’t know what time of the month it is. So, it doesn’t automatically switch to pay mode for 2 to 3 days toward the end of the month. The Random Number Generator produces random values every second, so it’s constantly operating.

The belief that slots pay more at the end of the month is a popular myth. We’re not sure how it started, but it must have been by punters who don’t understand slots too well. Slots are games of chance, so patterns or similarities are a mere coincidence. If slots pay on a random day towards the end of the month, then the RNG is behind it.

What Time Of The Month Do Casinos Pay Out?

Every casino game has a payback percentage. Table games call it a house edge, while online slots call it an RTP. The Return to Player percentage (RTP) is a theoretical value that represents how much a slot game may payout after playing for a long time.

For example, a slot that has an RTP of 95% means that, in theory, for every £100 wagered, the slot game may return £95 back after playing for a long time. However, as casino games and slots are random, this may not always be the case. You may win more than this, less, or nothing at all.

So, choosing a slot with a given RTP can help you understand how much the game is likely to pay back in the long run. The potential payouts may occur at any time due to the RNG.

Another factor you may consider is a slot’s volatility. Slot games usually have high, medium, or low volatility. For example, highly volatile slots might not pay for a long time, but if they do, it’s likely to be a significant payout. On the other hand, low volatility slots have the potential to reward smaller payouts more often, in theory. 

Do Casinos Have To Pay Out A Certain Amount?

No. Casinos don’t have to pay out a certain amount. Unfortunately, some people may believe that they do. However, as mentioned, casino games are random, so any patterns you think you may have spotted are merely coincidences.

A few factors that affect how casinos pay out include RNG, RTP, and the house edge. For example;

Random Number Generator (RNG)

We’ve mentioned how RNGs work in the background, generating millions of sequences every second. The values they process determine the random results in casino games.

Therefore, every possible payout is random. For example, casinos cannot calculate or estimate future payouts from slot machines since these are games of chance. Therefore, every event in a slot game is random.

Return to Player (RTP)

The RTP is a theoretical value mostly used in slot games. It reflects the amount you’re likely to win back from a slot game after playing for a long time. Selecting games with a high RTP doesn’t necessarily improve your winning odds, but it might be better than playing those with a low RTP.

But remember, the RTP isn’t a guarantee. 

House Edge

The House Edge represents the average gross profit casinos may make in the long run from a particular game, like blackjack or roulette. For example, in the lowest house edge games, casinos might make an average of 0.5% up to 2% in profits, respectively.

Casinos count on the profits to fund everyday expenses, salaries, and game operations. Therefore, they depend on players to play long enough to achieve their gross profits. But, of course, casinos cannot predict if or when players will opt for casino games with a higher house edge.

Conclusion

Slots paying more at the end of the month is a myth. Try not to let superstitions cloud your judgement because slots and casino games are games of chance.

*All values (Bet Levels, Maximum Wins etc.) mentioned in relation to these slot games are subject to change at any time.