Slot machines are simply the biggest moneymaker for most casinos. So, if you’re planning to participate in such games, be sure to learn how to play them right.
The first thing you ought to know about slot machines is that they provide the casino with a guaranteed mathematical advantage. And everything you need to understand stems from that mathematical fact.
Avoid Playing the Lowest Stakes
Playing the lowest stakes can help you minimize your projected dollar loss per hour. When playing for pennies, you’re more likely to lose a lot less than you’d when playing for nickels and quarters.
For instance, if you’re playing at a penny machine and you only bet 50 cents per spin. Then, making 600 spins will bring you $300. Assuming that the casino has a 6% house edge, it means that you’ll lose an average of $1
On the other hand, a player who’s betting $3 per spin, like in the above example will be losing $108 per hour, which is quite a lot right?
Try Games with Massive Jackpots
The main idea behind this gambling strategy is that slot machines that have the smallest jackpots usually offer the highest payback percentage as well as the lowest house edge. But high RTP slots are also the dullest and most boring games in the casino.
Do you really want to preserve your money and get bored with your gambling? The answer lies in your personal preferences. But it’s more likely that you aren’t struggling to minimize your losses, instead, you’re aiming at the biggest jackpot. If the jackpot is too small, then what’s the point of playing? Without risk, you won’t probably get any rewards.
Most gamblers often stick with games that cost less money. This is because slot machines feature a higher house edge compared to other games. Statistically, you are expected to incur more losses when playing slots that you’d when playing other games. You can predict how much you expect to lose whilst playing slots by multiplying the casino’s house edge by your hourly action.
Consider Playing Video Slots
Most people tend to believe that mechanical games have a higher payback percentage plus a lower house edge. But that’s no longer true.
With the current technological advancements, even slot machines that appear like they’re powered by mechanical reels are driven by a program referred to as the random number generator (RNG). Actually, the mechanical reels are just for display.
There’s no guarantee that traditional-looking slot machines offer better payback percentages than the flashy video slot games with numerous bonus features.
You don’t necessarily have to play the lowest stakes to protect your money. Sometimes, stretch beyond your limits and see what you can achieve. You could actually end up winning the jackpot of your lifetime, who knows what you’re capable of. Of course, most gamblers prefer games that cost less money, but this also limits their winning potential. And you aren’t one of them, right?