For online slots, the term "amortization" indicates the mean percentage of a wager that is returned to the player. This is also known as the payout rate or payout percentage. A higher amortization means a player wins more on average, while a lower amortization means the casino wins more on average. It is important to note that amortizations are viewed over the long term and that each game is a separate event where a player can win or lose, independent of any pre-existing amortizations on previous games.