Slot machine video from casino expert Steve Bourie that teaches you the insider secrets to winning at slot machines and how a slot machine really works. A SIMPLIFIED SLOT. To see how slots pay less than true odds to give the house an edge, let's set up an example that's as streamlined as slot odds can get, a game of the type used in the early decades after Charles Fey invented the three-reel slot machine in 1895.A hypothetical three-reel slot game with one 7, two bars, three cherries and four watermelons per reel would have 1,000 possible. 6 Slots Tips and Tricks to Help You Win at Casino Slots. Everyone knows there are a number of casino tips and tricks to help gamblers have a fighting chance at beating the house –for example, blackjack players are able to learn basic strategy using tables while poker players can master the art of bluffing. This series of slot strategies will help fellow gamblers better their odds at winning Big and making money on high-limit slot machines, the first being Schedule Visits. These strategies that I have developed over the years has helped me win small and large Jackpots and make money to the tune of one million dollars in as little as 3 years. If you're trying to work out how to win big on slot machines, unfortunately there are no slots strategies as such. However, it's worth fully understanding how the features of your chosen game work.
I recently read an article where someone asked for advice on changing your bet size while playing slots. The idea was, when you get ahead, you raise your bets to try to hit a bigger win.
Over the years, I've also seen questions about betting more when you're losing to try to make up for past losses when you hit a win.
These look like two different questions, but they're actually the same question. And the answer should be the same to both questions.
In the article I just read, the answer was decent, but it didn't cover the real reasons in enough depth. Anyone asking either of these questions doesn't understand how slot machines work. They also don't really understand how expected value and long term expectation works.
Slots and Expected Value
Every slot machine in existence, whether located in a casino or online, has a built in house edge. The house edge is how the casinos make money, and it's impossible to legally overcome the house edge on a slot machine in total. What I mean by 'in total' is that slot machines make money collectively.
A few players win more than they lose in the short term, and a few lucky players win a big enough progressive jackpot to come out ahead. But overall, the slot machine industry is wildly profitable.
Expected value is a term often used in gambling that is a way to express the value of a betting decision. It's used most often in poker to determine the best way to play a hand in a certain situation. You can also use it in games like blackjack to determine the best way to play a hand.
In games like poker and blackjack, you can make strategy decisions based on expected value. Bets on slot machines also have an expected value, but they're all negative. A negative expected value means that, on average, you're going to lose money.
Here's an example of expected value on a slot machine.
If a slot machine has a house edge of 5% and you bet $1 on every spin, the expected value is -.05 per spin. On an individual spin, you might lose your entire $1 or win something, but the expected value is the amount you expect to lose on average over thousands of spins.
Expanding this example, if you make 500 bets in an hour, you're expected value is -$25. In other words, you can expect to lose $25 an hour playing this slot machine. Once again, this is an average, so in any single hour, you can lose more or win.
The house edge is the same whether you bet $1 or $100 per spin. It's also the same if you lost the last three spins or won the last three spins. The house edge doesn't change, so changing your bet sizes doesn't help you win more often.
Slots Long Term Expectation
This is going to sound similar to what you learned in the last section because it's closely related. The mistake many slots players make, like the ones asking the two questions in the opening section, is thinking past results in some way change future results.
But, if nothing you can do changes the house edge, how can you believe that you should raise your bets after a losing streak or after a winning streak?
The belief is that because the long term results must come very close to equaling the expected results that there must be a correction one way or another after a winning or losing streak. But the problem with this is that the house edge and expectation are based on a large number of outcomes.
Instead of it being based on 10 or 100 spins like many players act, it's based on hundreds of thousands or millions of spins. Even if you win 10 spins in a row, it doesn't change the odds of what's going to happen on the next spin because the machines are based on such a large number of spins.
I'm trying to show you why without getting into complicated mathematical principles, but you can run the math on the effect of short streaks in large pools of results to prove what I'm saying is true.
The belief many players have about short term streaks is made worse when they guess correctly about the next result after a streak. This reinforces what they want to believe, even though the math shows it isn't true.
If you win 10 spins in a row, what do you think is most likely to happen on the next spin? Some players say a loss, because the machine is due for a loss. Other players say a win, because the machine is hot. How can both opinions be true?
The fact is that neither opinion is true based on why they think they're correct. The true chance of a win or loss is 100% based on how often the machine is programmed to produce a winning spin.
Is It Ever Correct to Alter Your Slots' Bet Size?
When I play slots, I operate in what I call the 'jackpot or bust' mode. I set aside a bankroll to chase a jackpot and keep playing until I either hit a jackpot or run out of money. Most of the time, I run out of money, but every once in a while, I get lucky and hit a small jackpot.
I know that, in the long run, I'm going to lose unless I hit a big slots jackpot. I'm okay with this, just like I'm okay with buying a lottery ticket chasing a big prize. The odds of winning are low, but I'm willing to risk a set amount for the chase.
I always bet the minimum amount on my chosen slot machine that allows me to qualify for a jackpot. I tend to look for machines that have a low bet threshold to unlock the jackpot, because I want to take as many spins as possible.
If you buy a lottery ticket, do you ever spend more money than the ticket costs? Do you give the store clerk $5 for a $3 ticket and not expect to get your $2 in change?
This is how I feel about betting more than I need to while playing slots. This is why I never bet more than the minimum to qualify for a jackpot while playing slots.
The question of changing your bet size while playing slots has two answers. The first answer is if you're betting more than the minimum, then you should bet less. The second answer is that it doesn't matter if you change the size of your bet for any other reason. As long as you understand that the more you bet the more you lose, you can do whatever you want. It's your money, and you can play any way you like.
Conclusion
You're welcome to change the size of your bet while playing slots any time you like. It doesn't matter if you're winning or losing, changing the size of your bet isn't going to alter your chances to win. The only thing that matters is the house edge you're working against and the average bet size of your wagers.
When you bet more after a win, you're just going to lose more in the long run. When you bet more when you lose, you're just going to lose more in the long run. The only way to lose less money playing slots in the long run is to bet less.
The best way to lose less playing slots is to stop playing. But that's not much fun, and you're never going to hit a jackpot if you don't play. I don't recommend that you stop playing. But use smart money management so your bankroll lasts as long as possible and you have the best chance to hit a jackpot before you run out of money.
The only way you can possibly come out ahead in the long run playing slots is to win a jackpot big enough to cover all of your previous losses. This doesn't happen often. The best chance to do this is to make the minimum bet that unlocks the chance at the jackpot and hope for the best. Changing your bet size isn't going to help in the long run.
If you walk into any brick and motor casino, one of the most games you will find people playing are classic fruit machines popularly known as slots. The internet has made work easier for gamblers because using a smartphone, tablet or PC, slot machines can be played at the comfort of one's home or office. Quite frankly, the online versions of slot machines are a great activity for people who love the indoors but do not mind the occasional thrill of waiting upon a bet. Compared to classic slots, online slots are more exciting because they have wild and scatter symbols plus an interactive gameplay of bonus rounds.
If you use Google to dig up knowledge on various subjects, you must have come across websites that promise to make you loads of money from their secret slot winning strategy. Did you go along with the advice given? The truth about slots is that they are based on pure luck which cannot be influenced. While slots are undefeatable in the long run, there are tips that can turn even an average gambler into a pro. Here is the step by step guide you can use to maximize your chances of winning at slots:
1. Know the ins and outs of slots machines
You have likely heard this before; find a game whose winning event is due. While some people will interpret this to mean that slot games are self-correcting, the truth is that mathematical probability is the greatest determinant for winning in slots. Ever spin that is made on a slot machine is independent of any other but they are collaborating to prove mathematical accuracy of the games. Assuming that a game pays out a win when 3 identical symbols appear on separate reels, for a game that has 3 reels, this would mean that players have a 1:1000 probability of winning. Does this mean that you have to make 1000 spin to land one that pays out? The truth is that the longer a slot has been played without a paying out, the more likely that a win is coming and it could be you spinning.
2. Understand that there is more to slots than just RTP percentage
Many people will consider the RTP of a slot game before making the decision to play that game. Well, it is an important factor but not the only one especially because the concept of volatility comes into play. In a game like we mentioned above where the probability of winning is 1:1000, the nature of play is highly volatile. If this is the only gain you are going to be anticipating the entire game, it might take you a minimum of 2 hours to get a win.
What if we had a game where there were smaller wins throughout the game? It will take you the same amount of time as above to win big but the smaller wins will keep you interested in the game and cause you to play longer. This increases your chances of winning.
3. You cannot tell a game's payback percentage by looking
For slot machines with mechanical reels, the payback percentage is a factor of the number of symbols and various possible combination payoffs. If for instance, you aim at a certain result, you can obtain the odds of hitting it. Compare what you get to the amount expected as payback then add together the respective returns. Modern slots played over the internet haverandom number generators that come up with outcomes. Upon pressing the spin button, the reels spin and stop on a random number which is tied to certain reel combinations. If the game developers adjust the odds for certain symbols, it could be impossible for a player to calculate the payback percentage accurately. Whether you manage to self-calculate or rely on what has been given by the developers, a game with a higher payback is better than the opposite.
The belief many players have about short term streaks is made worse when they guess correctly about the next result after a streak. This reinforces what they want to believe, even though the math shows it isn't true.
If you win 10 spins in a row, what do you think is most likely to happen on the next spin? Some players say a loss, because the machine is due for a loss. Other players say a win, because the machine is hot. How can both opinions be true?
The fact is that neither opinion is true based on why they think they're correct. The true chance of a win or loss is 100% based on how often the machine is programmed to produce a winning spin.
Is It Ever Correct to Alter Your Slots' Bet Size?
When I play slots, I operate in what I call the 'jackpot or bust' mode. I set aside a bankroll to chase a jackpot and keep playing until I either hit a jackpot or run out of money. Most of the time, I run out of money, but every once in a while, I get lucky and hit a small jackpot.
I know that, in the long run, I'm going to lose unless I hit a big slots jackpot. I'm okay with this, just like I'm okay with buying a lottery ticket chasing a big prize. The odds of winning are low, but I'm willing to risk a set amount for the chase.
I always bet the minimum amount on my chosen slot machine that allows me to qualify for a jackpot. I tend to look for machines that have a low bet threshold to unlock the jackpot, because I want to take as many spins as possible.
If you buy a lottery ticket, do you ever spend more money than the ticket costs? Do you give the store clerk $5 for a $3 ticket and not expect to get your $2 in change?
This is how I feel about betting more than I need to while playing slots. This is why I never bet more than the minimum to qualify for a jackpot while playing slots.
The question of changing your bet size while playing slots has two answers. The first answer is if you're betting more than the minimum, then you should bet less. The second answer is that it doesn't matter if you change the size of your bet for any other reason. As long as you understand that the more you bet the more you lose, you can do whatever you want. It's your money, and you can play any way you like.
Conclusion
You're welcome to change the size of your bet while playing slots any time you like. It doesn't matter if you're winning or losing, changing the size of your bet isn't going to alter your chances to win. The only thing that matters is the house edge you're working against and the average bet size of your wagers.
When you bet more after a win, you're just going to lose more in the long run. When you bet more when you lose, you're just going to lose more in the long run. The only way to lose less money playing slots in the long run is to bet less.
The best way to lose less playing slots is to stop playing. But that's not much fun, and you're never going to hit a jackpot if you don't play. I don't recommend that you stop playing. But use smart money management so your bankroll lasts as long as possible and you have the best chance to hit a jackpot before you run out of money.
The only way you can possibly come out ahead in the long run playing slots is to win a jackpot big enough to cover all of your previous losses. This doesn't happen often. The best chance to do this is to make the minimum bet that unlocks the chance at the jackpot and hope for the best. Changing your bet size isn't going to help in the long run.
If you walk into any brick and motor casino, one of the most games you will find people playing are classic fruit machines popularly known as slots. The internet has made work easier for gamblers because using a smartphone, tablet or PC, slot machines can be played at the comfort of one's home or office. Quite frankly, the online versions of slot machines are a great activity for people who love the indoors but do not mind the occasional thrill of waiting upon a bet. Compared to classic slots, online slots are more exciting because they have wild and scatter symbols plus an interactive gameplay of bonus rounds.
If you use Google to dig up knowledge on various subjects, you must have come across websites that promise to make you loads of money from their secret slot winning strategy. Did you go along with the advice given? The truth about slots is that they are based on pure luck which cannot be influenced. While slots are undefeatable in the long run, there are tips that can turn even an average gambler into a pro. Here is the step by step guide you can use to maximize your chances of winning at slots:
1. Know the ins and outs of slots machines
You have likely heard this before; find a game whose winning event is due. While some people will interpret this to mean that slot games are self-correcting, the truth is that mathematical probability is the greatest determinant for winning in slots. Ever spin that is made on a slot machine is independent of any other but they are collaborating to prove mathematical accuracy of the games. Assuming that a game pays out a win when 3 identical symbols appear on separate reels, for a game that has 3 reels, this would mean that players have a 1:1000 probability of winning. Does this mean that you have to make 1000 spin to land one that pays out? The truth is that the longer a slot has been played without a paying out, the more likely that a win is coming and it could be you spinning.
2. Understand that there is more to slots than just RTP percentage
Many people will consider the RTP of a slot game before making the decision to play that game. Well, it is an important factor but not the only one especially because the concept of volatility comes into play. In a game like we mentioned above where the probability of winning is 1:1000, the nature of play is highly volatile. If this is the only gain you are going to be anticipating the entire game, it might take you a minimum of 2 hours to get a win.
What if we had a game where there were smaller wins throughout the game? It will take you the same amount of time as above to win big but the smaller wins will keep you interested in the game and cause you to play longer. This increases your chances of winning.
3. You cannot tell a game's payback percentage by looking
For slot machines with mechanical reels, the payback percentage is a factor of the number of symbols and various possible combination payoffs. If for instance, you aim at a certain result, you can obtain the odds of hitting it. Compare what you get to the amount expected as payback then add together the respective returns. Modern slots played over the internet haverandom number generators that come up with outcomes. Upon pressing the spin button, the reels spin and stop on a random number which is tied to certain reel combinations. If the game developers adjust the odds for certain symbols, it could be impossible for a player to calculate the payback percentage accurately. Whether you manage to self-calculate or rely on what has been given by the developers, a game with a higher payback is better than the opposite.
4. Apply slots generalities based on jackpot size to win
Did you know that a small jackpot is easier to win than a huge one? According to Michael Bluejay, a slots machine blogger, smaller jackpots in slots means better payback percentages. A small jackpot is easy to beat. On the contrary, play slots with large progressive jackpots for the fun, not for the money. The bigger the jackpot size, the lower the probability of hitting a win. This would mean spending more time on the slot not to mention the amount of money you need to have spent before hitting the jackpot. It is alright to try gaming luck on progressive jackpots but take care not to get used to it – they will kill your morale as well as bankroll pretty fast.
5. Apply slot generalities based on location
Manyslot reviewers and analysts are of the opinion that the slot machines that are placed on the edges have higher payouts. This theory rides on the assumption that players start choosing slots from the outside and edges are a strategic place to have higher-paying games. Well, this might have worked in the past but not anymore. Actually, it depends on where you are because theslot machines in Las Vegas airport have a payback percentage of around 80%. If you love gambling and are stuck at the airport, you will just play, right? If you're interested in checking out the most popular and legal casinos accepting online players, check out this website: https://www.onlinecasinos.co.uk.
6. Go for slot machines that have guaranteed payback percentages
While not all games post guaranteed RTP percentages, this is a common trend especially for games from Net Entertainment and a few other gaming providers. This, unfortunately, is the exception when it comes to land-based casinos. If you come across a slot machine which has the payback percentage advertised, take it. The minimum stake per spin is most likely to be a dollar or more but the outcome will make you glad that you did. Such machines have the return to player (RTP) percentage of above 97% so play on.
7.Ignore the slots club myths
If you are in a slots club or someone who is, you have probably heard the myth that your chances of winning are reduced if you have a slots club card in the machine when playing. Total lie! The role of the slots club card is to track the amount of action that originates from your account. This makes it easy to calculate rewards and rebates as a way to give players incentives at their level. Slots make money from casinos so it is standard business practice for a casino to want to see how much traffic is generated from them. Do not be fooled into thinking that the random number generation and RTP will be influenced by the absence or present of the slots club card. Slots writers who imply that playing with your card inserted is beneficial to your account are somehow right. These regular rebates mean that you lose less overall.
8. Play multiple games to get paid entertainment
In a casino setting, slots appear to be the easiest to tackle as far as winning is concerned. For some players, the visual appeal, captivating soundtracks, and thrill of reels spinning is simply addictive. Have you ever considered that playing slots is more expensive than playing any of the other games in a casino? Well, if you are an average player, you are likely to make 600 bets in an hour on slots, thanks toIoT in gambling. This translates to more money spent on slots if gaming was to continue throughout. Taking breaks in between slots betting is a good way to unwind, earn money from other games and spend less on slots.
Log in atSlots.lv for instance, and there is a huge range of games to pick from and play (over 400 to be precise). Here, as in very many other online casinos are a diverse selection of games designed to appeal to various personalities.
9. Enjoy better winning odds with video poker
If you are new to the gambling space, it might take you a long while before you can tell the difference between video poker and slots. In the real sense, there are huge differences between these two. Using the same probabilities you would apply when playing with a deck of cards; it is possible for players to effectively calculate the RTP percentage on a game of video poker. The average RTP is 93% for video poker games which gets better with enhanced skills and a better choice of games to up to 99%. If you are going to balance your time between video poker and slots, you will obviously have different fun levels with each. Addicted to the slots? It is perfectly fine because the wins you gain from video poker can fund the slots, keeping you playing longer.
10.Understand and stick to your goals
The most important goal for any casino player is to be entertained. Entertainment costs money and rarely do people pay for a movie expecting that they will win money that is enough to buy more movies – It should be the same with gambling. The most reasonable long term goal for those who play on slot machines is to receive entertainment that is equivalent to the amount of money they have paid in as stake. Any form of benefit that you will receive during play is just a bonus. Think of the free drinks you receive in a land-based casino or the loyalty points you earn on online casinos to be just that – free gifts courtesy of the casino for choosing to give them business.
Clearly, there is no secret formula on how to win at slots but everyone who plans to try should do it from an informed perspective. Enjoy the game and stay free of the addiction and winning will be the only event that turns your life around. So, how do you deliberately have fun at the slots? Since all casino games are programmed to the house's advantage, none can have an RTP that is 100%. You, therefore, need luck to win at a slot game and that is why games with higher volatility are better.
Assuming that you opt to play a game that has low volatility, the results you will obtain over time will be as close as possible to the anticipated payout which is obviously less than 100%. In the high volatile game, on the other hand, the player still places bets and loses some but they stand a chance of reaping huge payouts because of the volatility being high. In simple terms, try playing slots with smaller but frequent bets; you tend to lose less money over time and when you hit the big win it is likely to repay all that you have lost. There it is: the secret to winning on slots is keeping track of the game's volatility in line with the RTP. Some practical tricks below:-
- Stay away from bet types that decrease the RTP significantly – you might have noticed that many, actually the majority, will post a uniform RTP regardless of the bet size. For some online slots that have been adapted from land-based slots, there is a slight disadvantage when some bets are placed. If this is the case in the game you have chosen to play, always go for bets where this disadvantage does not apply. For instance, if a bet on 3 win lines costs 2 cents and a bet on a single win line costs 1 cent, it is clear that you save more if you bet on more win lines. In this case, it is always best to go for multiple win lines because of the disadvantage posed by betting on a single win line.
- Take advantage of the double up feature – this is a clever way to keep the volatility of a slot machine in check. Once the double up feature has been activated, the player stands a chance to win double the amount of money they have won in a game as the payout. Some games give you the opportunity to double up several times in a row and this is a chance to walking away richer than you were when starting the game. Actually, you will be twice as loaded than when you received the payout. Interestingly, this feature shoots the volatility of a game upwards. In the long haul, playing in such a slot game will offer you the opportunity to get less wins but of high value. For instance, imagine that you get your bet's payout and walk away. You have probably been winning $1 for the last 40 wins – that is good. If you activated the double-up feature on your winnings and won $8 on 5 rounds, the outcome would still be the same as the first round but happening over fewer instances.
What aboutpenny slots? This trick will work for these types of slot machines because they are designed to accept a 1 cent per pay line. The catch is that multiple lines have to be played in a single spin. Instead of counting from the perspective of how much you expect to win, how about you bet the amount of money you are willing to lose on around. The reality in most land-based casinos is however from what really happens. Instead of betting with actual money, credits apply. Sounds sneaky, right?
Well, there might be special regulations for using the double up feature on money won from bonus rounds so it is important to check the terms and conditions before starting.
- Play with few pay lines – this is another trick for increasing the volatility of a game. Are you aware that a game with 10 pay lines can be played using a single one? This has the effect of multiplying the volatility by 5 to 10 times. For instance, if you have $2 which you bet on a single pay line, the expected win will be much higher than if you distributed the money over 10 pay lines to bet as $0.20 on each line. The mote pay lines are on an active bet, the less the amount of money is to be received in the way of winnings. The only downside to this trick is that it will not apply to high roller players since the maximum amount that can be placed as a bet on a pay line is capped. Lucky you if you have discovered a casino where you can play the Cleopatra slot from IGT because these regulations do not apply.
Conclusion
Big Slot Machine Winners
The greatest strategy of playing the slots that every gambler should bear in mind is that addiction is the door that leads down the road of self-destruction. If you must make gambling at the slots a habit, make sure it is on your own terms. The analogy is pretty simple; you cannot become an alcoholic from taking a beer in the same way that you cannot become a gambling addict just because you have pulled the slots lever. Do you know when you are losing control on the slots? That should signal you to stop!
