Slots go back to the 1800s, actually derived from the video poker concept originated by two entrepreneurs in Brooklyn, New York. These games have certainly come a long way as today’s slot machines are fully computerized and more advanced than ever. In fact, some no longer accept coins, requiring that you either insert your dollars for multiple spins, withdrawn tickets or prepaid cards.
There is certainly no shortage of slot action on the net as online casinos have many styles, themes and payout structures to try your luck with. Believe it or not, people have won millions of dollars working the slots in both land-based and online casinos. While it may not be your one-way ticket to financial freedom, these tips should go a long way when you sit down to pull the lever.
1.) Take the Max Bet
Most of the modern slot machines are far more than one-coin, centerline machines. Today’s variations allow you to insert multiple coins for each spin. Although you could end up losing more money faster this way, there are many advantages to be gained as well. Some slot games multiply the amount you are paid on the winning spin, and others add additional lines you can be paid on. The simple fact is that the more coins or bets you play, the greater your chances of winning big. In addition, playing the max bet will get you qualified for the progressive jackpot, which refers to a huge prize for obtaining a rare combination that goes beyond the actual odds of hitting it. If you really think you can win at slots, the max bet is the way to go.
2.) Get the Payback You Deserve
As you probably know, most casino games are played in accordance to the odds. The house already understands that they have a certain edge in each game played. For example, they could be aware that the house will win an average of $1 for every $100 bet on the banker in baccarat. Similar to baccarat, slot games are designed to pay back a certain percentage of the money they rake in. So a 99% payback machine may payback $99 for every $100 it takes in, while an 75% payback game would pay back $75 out of every $100 taken in. If you get the option, the one you would rather play is probably quite obvious. The moral to this story is that when playing slots online, try your best to make yourself familiar with the payback percentage of certain games and then choose the ones in your favor.
3.) Forget About Cold and Hot Streaks
Other than the payback aspect, there is really no reason you should expect a particular slot machine to be hotter or colder than any other one out of the bunch. This essentially means a machine that has just paid out big still has the same percentage chance of losing or paying out on the next spin as it did before. However, a slot machine that has gone a number of spins without paying out the player is more likely to hit on the next spin than any other with the same payback setting. While it is all about chance here, this is a key strategy you can take with you when sitting down at the casino downtown or the one hosted by your computer.