The "hit rate" is a gaming industry term and refers to the frequency with which a slot pays out winnings. A high hit rate means that the respective slot pays out wins more often than usual, while a low hit rate indicates fewer wins. It is important to note that the hit rate does not affect the long-term RTP. A high hit rate can make you feel like you're winning more often, but it can also mean smaller wins. The hit rate is an important factor when choosing a slot, but it's also important to consider the RTP.