You can win more money at certain slots. The “RTP” means the payout rate to the gambler. In the gambling, slot machines are a staple of the industry. You can win big prizes from small wagers, and it’s simple to learn. The only question, then, is to figure out which slots are the easiest to win with, and which pay out the most?
How do slot machines work?
You insert the required coin, money, or token, pull the slot’s lever (or push the slot’s buttons), and wait to see the results. However, inside the slot itself, it’s a bit more complicated.
Slots, in essence, are computers, and they utilize a software called “random number generator” (RNG). This software determines the results of each pull of the slot’s lever. This RNG software ensures the results of each lever pull are completely random.
You may win on the very first play, or you may play for hours on end winning nothing.
And when you win? You win big.
Two Separate Odds of Winning
Your odds of winning at a slot machine come down to a limited number of possible results that are set by the manufacturer of the game. A winning result from a slot machine could mean a prize that is large or small. It’s still winning if the money you started with isn’t shrinking, right? Your odds of winning often depend on the age of the casino you’re playing in, as we mentioned in the previous section “Assessing Casinos”, or how recently it’s been renovated. Newer casinos often have the ability to change a slot’s winning odds if it hasn’t been played or used by a customer for 15 minutes or longer.
Best Payout Slot Machines
There are several ways a player can determine which slots have the highest payouts. Before inserting any money, make sure to read the slot’s pay table. This way, you can learn the maximum payout you can win based on the game and its rules, in addition to any caps the casino may place on a jackpot amount.
Always check what kind of game you are playing. Playing the penny slots may have decent sized jackpots, but a wise player will know that’s not where you can win the biggest prizes. And finally, always make sure to check the payout percentage of a game. Games with an RPT of 90% or more will payout more often than others.
People play the slots for the chance to become a millionaire with a single pull of the lever. Often, online slot games offer prize money that is on par with, or similar to, the national lottery games.
In September, 2018, an anonymous player won €18,915,721 playing the Mega Moolah online slot game from Grand Mondial casino. Since the online casino started business, it’s paid out an eye-popping €874 million!
Several other slot machines have handed out life-changing sums of money, too. In 2013, an anonymous player won €17,860,868 playing Mega Fortune, developed by NetEnt at the Finland-based Paf Casino. These online slots have become hugely popular because of how low and accessible the minimum required bets are compared to traditional, in-person casinos.
Make Higher Bets
Many try to get lucky on the penny slots, the least expensive slots in online gambling. If you’re one of them, take note of the following tips, especially if you think you’ve discovered the right game with the biggest prize!
The best strategy to improve your odds at winning on any given spring relies on you making bets that are large enough to unlock bonus rounds, usually larger than $0.01. And if you want a chance to win the grandest prize of them all, you will need bets on every payline, bringing your bet substantially higher than that single penny of $0.01.
The bottom line? You won’t win a progressive jackpot with a minimum bet. You can count on that.
The larger the prize, the larger the bet. When you play slots, you can’t win millions with just a penny. In slots, as in the famous poker game Texas Hold ‘Em, the higher the bet, the bigger the prize. Higher risk, higher reward. Lower risk, lower reward.
To put it simply: your bet determines how much you can win.
The prizes you win are proportional to the wagers you place. If your strategy and comfort level means you play small bets, that’s OK. Just don’t expect to win extremely huge prizes if that’s the case.
While betting higher amounts of money may help you win bigger prizes, it is a double-edged sword. Betting higher amounts can also put you at risk of losing your bankroll much faster.
For that reason, slots with higher minimum bets are also riskier than penny slots. People play them in the same way, following the same general rules. While you may win a lot more money on the higher denomination slots, you can also risk losing a lot more money.
Always remember these general guidelines, especially if you love playing slots with large jackpots. Slots with huge prizes can be expensive, and many games will only give you a chance at top prize winnings if you’re betting sky-high amounts of money, and that’s why it’s essential to play with a smart betting and bankroll strategy.
Risk is always the biggest factor you have to account for in gambling. It’s up to you to decide how much you want to risk at any given moment, at any given game.
What are Slot Payout Percentages?
The payout percentage is the average winnings a player will receive relative to the amount the player wagered. The more you play, the better the chances are that your winnings will match, or get close to, the machine’s payout percentage. The payout percentage gets to the heart of why people love slots: you could win big on the first spin, or go on a cold streak of luck.
Return To Player (RTP) is commonly known as the average expected returns in the percentage of the amount you stake in a slot machine. For instance, If you bet $1000 in a slot machine, and the RTP is 90%, your average expected winnings will be ninety percent of $1000 (the amount you staked), which is $900. What this means is the machine over some time will pay you this amount. Note that an RTP does not necessarily mean that you will get the exact amount that has been displayed on the screen. What the RTP means is that it relies on statistical probabilities to accomplish its target percentage pay to the player. This is why it is advisable to only stake what you can forfeit.
If you paid close attention to the previous paragraph, you’d realize that RTP is more advantageous to the house than it is to the player. The machine is always programmed to keep a displayed percentage of your stake based on a ratio. If the displayed RTP is 90%, know that the amount the machine keeps is 10%. Which is simply a ratio of 9 to 1 of the amount staked.
Hit frequency is the interval of winning and losing based on a percentage for a player. What this means is that if you made a hundred spins, and you won eight times, your hit frequency is 8%. This winning is at an interval in between the losing streak. Several slots will enable players to stake on more than one line for each spin. This increases a player’s chances of winning and losing. It is important to note that the house always has the winning edge over the player.
Hit frequency varies from one slot game to the other. This variance is between 3% to 45%. Slot games like video poker are one of the games with a high hit frequency. The hit frequency hits might seem enticing, but most of those hits are returns on your actual stake. While the ones with seemingly low hit frequency have enticing returns, because it is a huge amount compared to your stake.
Players regard games with lower hit frequency as “slim.” This is because the chances of winning aren’t much. While the games with more chances of winning are called “loose.” The games with slim chances often offer big returns, while the games with loose chances often offer small returns.
Always have in mind that, your average winning or losing streak is what is called “hit frequency.” While RTP is the average expected returns from a stake in percent over a period.
Determine the Volatility of Slots
When considering your odds of winning with slot machines, another critical factor is a particular game’s volatility.
Experts in the gambling industry refer to slot machines’ volatility as their “variance”.
A great tip for playing slots is to consider the ‘risk factor’ of the game you want to play, and that’s because the volatility of the game will determine your chances to win.
- Low Volatility Slots: Your odds of winning these games are higher, and it’s easier to land on winning combinations. However, despite higher odds of winning, the prizes will be smaller with lower volatility slots.
- High Volatility Slots: The odds of winning are smaller, but the winning prizes are bigger. If you are playing with enough money, and have a smart strategy, these games can be a lot more rewarding.
Online, both high and low volatility slots are popular. Every useful casino guide provides you with plenty of choices to choose the right game for you — often with welcome bonus codes to try them for free before you start playing with your real, hard-earned money.
Choose the slot machine that feels right for you, and keep these things in mind:
With high volatility slots, you need to be patient, have enough money to play with over a long period of time, and you need to have done your research ahead of time to know all the insider secrets regarding which slots are the best to play.
If you don’t tick all those boxes, lower volatility games may be a better option for you.
High volatility slots are riskier. You ultimately never know how much time, and money, you will need to invest to hit a lucky spin and celebrate a day of winning at the casino.
Casino Comparison Sites
You can find slot reviews at many casino comparison sites, which can help you in the search for a list of the slots with the best RTPs and where to find them.
The bankroll size is essential when choosing a slot machine, and so it is to learn how to read the machine’s paytable. The “goodness” ratio is also a key element that can help with your decision and improve your odds of hitting the jackpot.
As we have previously talked about, some players believe that games pay more during Saturday and Sunday, or that playing between 3:00 and 7:00 PM gives you the best deals.
Slot machines don’t require any strategy,and having fun can be as easy as downloading an app or visiting a top online casino. Entertainment should be your ultimate goal, and winning like a professional takes a lot of talent and effort, so don’t be harsh on yourself and enjoy the ride!
A loose machine is one that has a bigger long-term payback ratio, that’s why slot players are always on the lookout for them. Many theories have been developed about where to find them, and some of them say that casinos put them near the entrance or at the ends, so other players will be lured towards where the tight machines are.
A way of heightening the chances of winning big is to figure out which progressive jackpot games haven’t given a prize in a long while and are due for a payout. The disadvantage of this method is that a player can end up spending large quantities of money without receiving anything back. Casinos are built with profits in mind, so the game industry designs its products with the aim of making players lose money and raising their benefits in the long run, which is the root of the phrase “the house always wins”.
Lisa works as a content writer and specializes in delivering top tier i-gaming content which is why her articles and blog posts are always very engaging and informative. Well spoken, and does her research very well in an industry where transparency, honesty and constant follow up is a rarity.