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Winning at Online Slots (Page 1 of 2)

Slot machines are set to give the house the edge over a long period of time, but there are ways to increase your odds of winning. Slot machines use a Random Number Generator (RNG) that makes it impossible to systematically beat them. There is no way to improve your chances on an individual spin, but you can improve your overall odds by playing smart and doing your homework. Take advantage of match bonuses, use money management techniques, play the right machine, play at the right online casino and bet the correct amounts.

A match bonus is money offered by an online casino to get you to try them out. They are generally larger for first time depositors, but many online casinos have player loyalty programs. The way a match bonus works is an online casino will match your deposit with casino credit. If the match bonus is 100% and you deposit $100 you will receive $200 in casino credit. You will then need to play a designated amount of plays before you can withdraw this money. The number is usually rather low and attainable. By taking advantage of these bonuses you can actually have an advantage over the casino in the short run.

Manage your money, but take advantage of the opportunity for big payouts. Set the target amount of money that you want to make during any one session. During any session you will have ups and downs. By setting a target amount, you will have a better chance of walking away while you are ahead. Most slot machines only pay out the jackpot when you play maximum coins. Make sure that you play maximum coins every time, you do not want to hit the jackpot only to find out that you did not qualify. The payout rate of the machine has the jackpot figured in, so you are paying for it with every spin. Most machines allow you to choose different coin sizes: 5, 10, 25, 50, $1 or $5. Play the lowest coin size you can while betting the maximum amount of coins.

Play the right slot machine. Consider your goals when deciding which slot machine to play. If you are looking for a big jackpot, play a progressive slot machine. Progressives pay a large jackpot, but pay out smaller amounts than regular machines on other hits. If your goal is to play for a longer period of time, look for slot machines with low jackpots and a higher pay table on low level hits. A pay table tells you how much the machine pays for each payable combination. The lowest paying combinations come out the most often.

Slots that cost more to play often pay out at a higher rate than less expensive slot machines. Casinos are audited and their pay rates are published. Online casinos would rather have people playing at more expensive machines and spending more money. The machines that allow you to play different coin sizes pay out at a set rate. The rate is set for the lowest coin size. If you are playing quarters and you are on a machine that allows nickels, switch machines. You should be playing the lowest coin size available.

Slot Machine Payouts

If you don’t care what slot machine you play, picking one is easy. If you’re an avid slot machine player, and you want to win the highest amount of money, then you might want to know the slot machine payout to which you are playing. Knowing the pay out percentages is one of the best tips a slot machine player could take heed.

Slot machine payouts vary from machine to machine because of the difference in the pay out schedules so follow a few of these basic rules and you will find the best slot machine payout. You have a choice on how you will find out the slot machine payout, the first option is to ask the casino attendant, or if you are playing online then ask customer service. Most of the time however, you can find this information on the help menu of the slot machine.

By studying the pay table once you have found it, you can determine the variance. A high variance slot machine is usually anything over 10k coins for the highest winning combinations. There is also a medium variance that offers lower variables on a winning combination. High variance games tend to give fewer wins, but once you do win, the win is of substantial amount. Low variance usually gives many small winning combinations but the payout is less than medium or high variance. Always remember, the lower the risk, the lower the slot machine payout.

Payout Percentages Explained What is a payout percentage? This is defined as any amount returned to the slot player in the form of winning cash. This is the difference between total bets and the house edge. Payout percentages may look confusing but actually they are quite easy to understand. If your slot machine states that the payout percentage is 85%, it is safe to say that your slot machine will return 85 cents of winnings to you and will keep the rest of the dollar for revenue. This percentage is actually based on mathematical standings. There is no guarantee that if you spend $100 you will get back 85% of this money. The payout percentage is calculated on a overall of every player, not one player at a time. This means, thousands of spins may result before the percentage is actually paid out.

Slot Machine Payout Schedules A payout schedule is actually a table that explains how the slot machine will pay each winning combination. We all want to win the biggest jackpot, but some slot machines will have huge jackpots but small individual payouts with lower winning combinations. Many times the higher the jackpot, the lower the wins in between.

While most of us will play our whole life and never win the jackpot, we should always play on the slot machines with the best payouts on the lower combinations. Winning a few smaller wins, is much better than never winning that jackpot or anything else for that matter.

There are many that never even look at the payout table or the payout percentage table. It is these people that go home with less money in their pocket than what they initially started with. Stop looking at the highest jackpot amount when searching for the best slot machine to play. Choose a slot machine that offers more winnings for less symbol combinations. You will find that you will be hitting a win a lot more often than if you are focused on the jackpot win.