Online Slots Strategies and Tips

It is commonly believed that slots are simply a game of luck; that there is no slots strategy to improve your chances of winning. In reality, there is such a thing as slots strategies, though they are not as traditional as some other casino games strategies.

Slots strategies are based more on bankroll management, slot selection and knowing how much to wager on a particular slot machine to give you the highest odds of walking away a winner. This is especially true of progressive slot machines, where the jackpot is high enough to counter the house edge, in terms of profit potential.

Tip #1: Choosing a Slot Machine

This is incredibly important. If you do not know the value of each slot machine, you could be walking into a losing situation without even knowing it. There are two types of slots we’re going to discuss, one being the wrong choice, and the other being the right choice.

Multiplier Slots – Wrong Choice: Multiplier Slots are those that offer no incentive for betting the maximum number of coins. If you can insert up to 3 coins, then you should earn more for playing 3 coins, right? A multiplier slot would award, for example, 5 coins for a specific combination when betting 1 coin, 10 coins for betting 2 coins, and 15 coins for betting 3 coins. There is no bonus payout for the max bet. Read the pay table before you start and avoid these slot machines!

Bonus Multiplier Slots – Right Choice: These slot machines do offer an incentive for betting max. Like in the example above, you might get 5 coins for betting 1 coin, 10 coins for betting 2 coins, but 20 coins for betting the maximum 3 coins. By betting max coins each spin, you are raising your profit potential; a very important slots strategy for any winning player.

Tip #2: Playing Jackpots and Progressives

When you play a jackpot, or progressive jackpot slot, you must bet max coins. If you read the pay table, you’ll find that betting under max will not release the full jackpot, even if you do manage to line up the best possible combination of reels. You may get a portion of the jackpot, but not the full effect. This lowers your profit potential. If you do not wish to play max coins on a specific jackpot slot machine, choose a different machine.

Tip #3: Bankroll Management

Casinos make most of their money from players who simply don’t know when to quit. A player may walk in with $50, planning to walk out as soon as they double their money. The reality is that doubling your money isn’t realist. A 50% profit is the highest you should shoot for, and even that can be a stretch sometimes. When a player wins $20, they tend to decide that they are here for fun anyway, and just keep playing until it’s all gone. They got their money’s worth, right? True, and if that’s how you wish to play, that’s fine. But if you’re playing to win, that’s the absolute wrong approach.

Know how much you can afford you lose, and don’t bring a penny more. Set a goal of 25-50% profit (35% is ideal). When you reach this goal, stop immediately. You’re done. Walk away, cash out and be pleased with your profits.

Tip #4: Play Online Slots

You may not even realize there is a difference between live casino slots and online casinos slot, but there is. The games may look the same, the buttons may be the same, heck, many of them are actually created by the same software companies! But the one outstanding difference is the Payout Percentage.

Live casinos have a lot of overhead expenses – employees, security, equipment, astronomical electric bills! Online casinos have very little expenses in comparison. Therefore they can pass those savings on to the players, and they do.

Live casinos, such as those in Las Vegas, average slot machine payout percentages of 80-88%. That means the slot pays out $80-$88 for every $100 it takes in. Online casinos average slot payouts of 95-98%. That’s an astounding difference when it comes to win percentage and profit potential.