How To Make Money At The Casino Slot Machines
- How To Make Money On Slots – How to withdraw winnings in an online casino How to play casino slots? Not only do the games need to be varied, slots machines free games casino check that the online casino minimum deposit 5 is licensed by a reputable gambling authority.
- Slot machines are typically programmed to pay out 82% to 98% of the money that is bet by players. This is known as the RTP, 'return to player'. The minimum RTP varies among jurisdictions/states.
Before you begin playing slots for real money, you have the option to try free slot machines. Not only is this great fun, it also gives you the opportunity to get to know your game and all of its.
(© Tomasz Zajda – stock.adobe.com)
Slot machine games are fun, no doubt. But everyone knows that the major reason why most gamblers flock there is not to entertain themselves but to win money. Unfortunately, not many of them walk away with their purses smiling.
I’m sorry if you’re one such person!!!
I take it you’re here on this post because you want to leave the league of those slot players that play, play, and play, but never win anything.
Well, wear a smile on your face because you’ve come to the right place.
In this guide, we’ll show you all that you need to know about making money from slot machines.
Go for the machines with the highest return to player percentage
The return to player percentage, or RTP as it is known for short, is the first yardstick you want to use for picking out the casino slot machines you want to bet your money on. Because the higher the RTP percentage of a machine, the better your chances of winning on it.
The RTP is the percentage of all the wagered money that a slot pays back to its players. So if a slot machine has a very high RTP, it implies that players have a greater tendency to win on it.
You can find out the RTP of the slot game you want to play by looking it up online or checking the “help” section in the settings tab of that slot machine.
For starters, the best machines for you are those that boast RTPs in the range of 96% and above.
Measure volatility against your bankroll
Easy Money Slot Game
If you have a big enough bankroll, don’t go for the simple, low volatility machines; instead, try your luck at the high volatility games. Although winnings are rare on these machines, when they do come, they come really big. And since you have a big enough bankroll, you should be able to withstand the few losses that come along the line.
However, if you have a lean bankroll, please stick with the low volatility games. Although winnings are meager, your risks are lower, and with patience, you can grow your profits to multiple figures.
Don’t ever pass the chance on free spins
I don’t know whether you’ve been doing it before, but if you haven’t, please start now. What am I talking about?
Well, I’m talking about the act of making “free spins” the first thing you look out for on a slot machine. Free spins are there for a reason, and if you want to win money playing casino slot machines, you cannot afford to underutilize them.
However, be sure to read the T&C related to free spins on a casino site before you start using them. Usually, many casinos include lots of hidden terms and withdrawal limitations with their free spins. But sometimes you can be lucky to come across sites that offer you free pokies without any strings attached like King Pokies.
Use your free spins to learn about the volatility of the slot machine, use them to gain insights into the game, and ultimately use them to increase your profits.
Avoid branded slots
As much as you want to play a slot game that features some of the characters from your favorite sports or TV shows, you need to resist the urge to play on any machine where they can be found.
Why? Because branded slot machines are designed for one purpose: to lure you and drown your bankroll. Not that the creators of these slot machines have a special interest in extorting gamblers, but due to the fact that many of them pay hefty sums to get the right to use the name or face of those popular characters, they try to raise the difficulty of their games, thereby limiting a player’s chance to win.
Try your best to go high
I know we all don’t have the luxury of placing thousands of dollars on bets, but you remember the old saying, “you need to spend money to make money.”
Well, that statement couldn’t be less true in casino slot games. If you want to win big, you just have to spend big! The higher the wagered amount, the higher the winnings when you hit the jackpot.
So as much as you’re trying to limit your risk, always try to put something big on the line once in a while. Just make sure you measure your risks carefully before treading that path.
Get a second opinion
Before you go through with your decision to bet on a particular slot machine, be sure to check what other players are saying or have said about that machine. Thankfully, we now have the internet, so it cannot be so difficult to get a public opinion on any slot machine you want to play. Go on Reddit, Quora, YouTube, Twitch, and other online forums to read the comments and reviews of people.
How Do Casinos Make Money
New slot machine players are going to find a lot of advice for beating the slots. Have a healthy skepticism when a slots expert tells you they know how to beat the slot machines. Among the games in a casino, video slots (in general) have a high house edge. Besides finding gaming machines with high jackpots and a low house edge, no skill or strategy is required to play slots. That means you can’t expect to increase your odds of winning in most situations.
Read through the advice below to optimize your chances of winning at slots. None of the advice assures winning sessions. Instead, it helps you stretch your bankroll, so you enjoy playing the slots longer. Also, the longer your bankroll lasts, the more chances you’ll have of hitting the big jackpot every slots player wants.
Use a Slots Card
Upon entering a live casino, sign up for a slots card. This provides comps and cashback, which automatically lowers the house edge by a bit. Never play a spin without using your slots card. In an online casino, accept the highest slots bonus and play according to the terms and conditions until you meet the wagering requirement. Once again, this lowers the house edge on online slots.
Make Max Bets
Look at the payout chart on a slot machine to determine how jackpots are paid. On many slot machines, the 5-coin bet pays out a higher percentage on the top fixed jackpot. For instance, a 1-coin bet might pay $200, a 2-coin bet might pay $400, a 3-coin bet might pay $600, and a 4-coin bet might pay $800. You might expect the 5-coin bet to pay $1000, but many slot machines pay out $1200 or $1500 in that case, trying to convince bettors to make the max bet.
If the jackpot increases a bigger percentage with a maximum coin wager, then it makes sense to make the max bet on a slot machine. If the bet size is too high for your tastes, then lower the coin denomination and make a max bet at that level. Of course, if there is no additional jump between the 4-coin and 5-coin bet, then you can wager a single coin and max out the coin denomination to the bet size you like.
Read the RTP Information
If an online casino or land-based casino publishes its return-to-player information, read through the RTP percentages to find the video slots with the best RTPs. Return-to-player or expected return is the percentage of a theoretical $100 you expect to see returned to you. It is a theoretical percentage based on probability, so an RTP of 95% does not assure you’ll be paid $95 for every $100 you put in the machine. You might lose $50 or you might win $150, or you might win a progressive jackpot and go home rich.
The point of the RTP percentage is to give a player an idea of their expected return. If two slot machines sit next to one another and one has an RTP of 93% and the other an RTP of 95% (and both have similar jackpots), then it pays to play the game with the higher percentage. Over time, this leads to you maintaining a higher percentage of your bankroll.
Money Management Techniques
Read about bankroll management techniques. “Money management” or “bankroll management” is a series of steps you take to lock on winnings when good luck happens and limit your losses when a bad streak occurs. These do not assure that you’ll win, but it optimizes your bankroll.
Players should know three core bankroll management methods: percentage betting, win goals, and loss limits. Learn to calculate your bankroll and divide this into percentages. Then bet between 1% and 5% of your bankroll on any given hand, depending on your capacity for risk. This limits the amount of your stake you lose on any given session, keeping you playing for longer throughout your vacation. It is a given that people go to the ATM machine or credit card when they lose their whole bankroll — which means you spend more than you intended. The point of percentage betting is to assure your bankroll last through your whole trip, so you never have to replenish.
What Is a Bankroll?
“Bankroll” is not defined as your entire bank account. It isn’t defined as your discretionary spending budget or the money you have earmarked for entertainment expenses. Instead, it is a part of your discretionary spending cash and entertainment budget which is set aside specifically for gambling. In this case, a bankroll is less than your entertainment budget.
Once you have your bankroll figured, divide this into easy to understand percentage. If you have a bankroll of $1000, then divide this into percentages. These are simple calculations, but you should have an understanding of 1%, 2%, 5%, 10%, and 20% of your bankroll. In the earlier example, 1% would be $10, while 2% would be $20. 5% would be $50, 10% would be $100, and 20% would be $200.
Now that you have these, decide whether to bet 1% to 5% of your bankroll. Most experts suggest betting no more than 1% to 2% in order to maintain your bankroll throughout your casino trip or online slots session.
Setting a Win Goal
Next, set your win goal. This is the amount of winnings you set as your goal for any given slots session. If you have a win goal of 10%, then your win goal would be $100 for any given slot machine sessions. As soon as you hit that goal, you walk away from the slot machine — no matter what. A win goal is a hard-and-fast rule, because it locks in winnings. One of the biggest mistakes players make is losing back their winnings, because they think they’re on a hot streak.
Setting a Loss Limit
Even more dangerous is trying to win back cash you just loss. To protect against this tendency, set a loss limit. Once again, make this your hard-and-fast rule. Typical loss limits can be 5%, 10%, 15%, or 20% — though 20% means you could lose the entire bankroll in 5 slots session. 10% to 15% is a good middle ground. Once you’ve lost that amount, walk away from the slot machine under all circumstances. The slots game is not “due” to pay out, so step away from the machine and clear your mind.
Win goals and loss limits guard against gambler’s fallacy. Gambler’s fallacy is the idea that the law of averages assures or weight the odds in your favor. Slots use random number generators and every spin is entirely separate from the previous spin. Losing the last spin does not make it more likely you’ll win the next spin. The odds stay the same, no matter how many wins or losses in a row you’ve had.
Avoid Progressive Betting
For that reason, avoid progressive betting systems like the Martingale system, D’Alembert system, Fibonacci system, and so on. Betting experts have used computer simulations to track the progressive betting methods against flat betting (same bet each spin). Flat betting beats all of the progressive betting schemes over 1 billion spins.
Best Slot Machines To Win On
Progressive betting seems like it’s working, because it leads to a lot of small winning sessions. The problem is that it also has a handful of huge losing sessions which wipe out all the wins — and then some. You can’t beat the house edge with the Martingale system, however it might look to the naked eye. The Fibonacci numbers are incredible, but they are not a magical way to beat the casino.
The reason progressive bets are bad is they increase the size of your bets (in some systems exponentially). If you start with $5 or $10 bets, a streak of bad luck has you betting hundreds of dollars on one spin. That’s busts your bankroll and leads to a “risk of ruin” — meaning you’ll lose your whole bankroll if you hit a bad luck streak. No matter what you read online, flat bets are better.
Take Breaks for Rest and Refreshments
Earn Money Playing Slots
Play when you are at your best physically and mentally. Don’t play when you’re tired or sleepy. Don’t play when you’re hungry or thirsty. Take frequent rest and restroom breaks. If you get bored, take a break and walk the casino. Play another game to change up the betting pattern.
When you are rested and engaged, you won’t have distractions that might lead to bad decisions. The idea is to have fun, so if anything is causing you to lose focus on the entertainment aspect of the game, walk away and save your bankroll.
How To Make Money At The Casino Slot Machines Jackpots
Don’t Go on Tilt
Tilt is a concept in poker where a player makes decisions based on emotional responses instead of solid strategy. It can cost a player a lot of money if they make bets based on anything but rational decisions. While going on tilt is not a concept in slot machine gambling, every game of chance has a personal component.
In short, don’t play when you’re agitated. Take stock of your inner thoughts. If your ego or anger is causing you to make irrational decisions, take a deep breath and calm down. If that doesn’t work, walk away and clear your head. It stinks to lose a series of bets, but what stinks more is to lose a series of bigger bets when you’re trying to make up for lost bankroll.