Knowing how to win a lot of money with online slots or even physical slot machines is not an easy task. After all, slots are known to be a game where skills cannot be applied as results are random. However, there are still ways and techniques you can take on to at least increase your chances of winning big on slots.
Curious to know how to win a lot of money with online slots? There are very few secrets to how casinos operate. It's important to get a good grasp on these and what casinos don't want you to know about slot games.
How to Win a Lot of Money With Online Slots
One of the first things you should understand is that not all slots are the same. Slots are made by various software providers who have their way of designing and creating their titles. If you are serious about wanting to make it big throughout slots, one of the first things you need to do is pick the right kind of slot. Among other things, this includes choosing games with a specific risk-to-reward rate.
Here are the things you should know.
RTP Is The "ROI"
Generally speaking, the best slots to win money from are those with the highest Return to Player rate or the RTP. Although these games also work at random, and there is still also no way to ensure winning, these games at least have better slot odds compared to those with lower RTP.
Slot RTP is the percentage of money wagered that the game gives back to players. Do understand, however, that this does not mean a return on an individual player but for all bets. Thus, an RTP of 97% means the slot game would give back 97% of all bets at any point in the game - of course; everyone wants to be the one to enjoy this "return." A slot's RTP can be found on the physical cabinet or within the online game itself.
Variance Is The "How"
The next thing to understand is the volatility of an online slot or a slot machine, which is also sometimes called the variance. In other terms, this can be referred to as the risk level of the slot. There are three types of slot variance:
High variance slots refer to games with tougher odds of winning but better rewards, while low volatility games refer to better odds but less generous rewards. High volatility slots require more bankroll to pay off, while low volatility slots play more on the "safer" side as it tends to give out rewards for fewer times played.
Be Familiar with Specific Online Slots
This is to increase the familiarity with how specific online slots work. Aside from the big jackpot, most slot games offer in-game bonuses, which can still contribute to the overall ROI of the game. Playing free online slots demo is an underrated slot strategy that can slightly increase your odds of a major payout.
Maxing Out Your Online Slot Bet
Several online slot games have a higher chance of giving out the big jackpot when a player is playing with a consistent max bet. A max bet refers to the maximum amount a player can bet on a spin. For most online slots, a max bet can be easily set with one click of a button.
The advantage of always going for the max bet on online slots is that progressive jackpots can only be won, for some games, with a max bet spin. Also, some games offer free spins and bonuses when a player is betting on a max bet.
However, this is only a feasible option for people with a bigger bankroll to spare, as every play requires a larger amount of money. If you want to walk home with a fortune, maxing out your bet on progressive or fixed jackpot online slots is one way to achieve this.
Low-Variance Slots for Wagering Requirements
As mentioned, low variance or low volatility slots are slot games that offer better odds but with smaller rewards. This type of online slot is the best to play if you are trying to beat wagering requirements in bonuses you received.
For most bonuses, online casinos such as BetMGM slots require you to play with the free spins/bets you received (plus anything you win in between) before you can cash out any amount that would be left. This is often the challenge for players, but not if you play on low volatility slots.
These slots, with their low rewards, often have low bet amounts needed. Thus, you stretch the amount you have to more bets. After all, the important thing is the number of times you place a wager and not the amount you play with each one.
Misconceptions on How to Win Big on Slots
One of the major hurdles when attempting to win big on slots is the sheer number of slot myths & misconceptions about playing and winning on one. With the game's nature, where no skill can be applied or used to win, it is easy for people to invent and come up with false strategies and misconceptions - and for unsuspecting players to believe them.
Slots Become Hot at Night
This is usually for slot machines in physical, real casinos. This comes from the experience of a lot of people seeing someone hit the jackpot in a casino during nighttime. While this may be true, slot machines going "hot" or reaching the point where it is about to give out the jackpot has nothing to do with the time of the day.
The reason why some machines give out the big jackpot during nighttime is that there are much more online players in the evening than during the day. This is why the chance of anyone hitting the jackpot in the evening is higher.
Online Slots are Rigged
This is one of the oldest and most common myths about slot machines in brick-and-mortar casinos, and it has carried on through online slots. Being run with computers and over the internet, people have conspired that online slots are rigged. However, unless you are playing on an illegal, fly-by-night online casino, that cannot be the case.
Certified online slots undergo regular inspection and audit for their safety, security, and fairness to players. Take note that licensed casinos usually host certified online slots. In addition, legit slot gameplay is not determined by any pre-programmed set of results but rather by a random string of results, thanks to the Random Number Generator. This algorithm ensures that all results are randomized and do not have any discernible patterns that would make them predictable.
Playing Online Slots Longer Improves Your Odds
This comes from the misconception of slot machine players that the longer you sit on a slot machine and play with it for hours, the better your chances of winning are. One might say that this makes sense since the more a slot machine is played, the more likely it will eventually pay off and give out the big jackpot.
However, the problem with this "strategy" is that there is no way the time you would play would cover the time for the slot machine to pay out the jackpot. After all, even with a very small chance, slots can also give out the big jackpot at any given time. The high variance rate is the reason why your odds of walking home the jackpot are slim. You may have played a slot for eight hours straight and not got any jackpot, but someone may sit on it for only ten minutes and bring home the big bag of money.
Finding Legitimate Online Slots
Suppose you are serious about strategizing how to win big with online slots. In that case, the most effective and perhaps the easiest way to ensure that you have the best chances of winning is to find a legitimate online casino offering legitimate slots.
Licensed Online Slots and Platforms
If an online casino is licensed, the confidence that its games are safe and secure also comes with it. After all, part of the licensing is the regular inspection and audit of the games and the entire platforms, too.
Although this list is nowhere even near complete, there are some of the top legitimate sites where you can play online slots.
Online Casino Security Measures
Even if you are playing in an online casino with a real license and registration, precautionary measures still need to be taken for your safety and that of your money and personal information. This includes several things, such as using a gambling VPN to protect your location and IP address, using antivirus for protection against malware, and using a set of secured and strong passwords for your accounts.
Not a Blacklisted Online Casino
Online casinos can get blacklisted for many reasons: not paying customers on time, unprofessional customer service, gameplay issues, and many more. Blacklisted casinos are not necessarily unregistered. Some of them are completely registered but offer unprofessional and questionable service credibility. Thus, look up the site you want to play on for reviews and other potential red flags.
Knowing how to win a lot of money with online slots includes knowing how the system works and how to make it work to your advantage. While a strategy may not be available and skills may not apply, knowing how things work increases your chances of winning.
This article was published on July 3, 2022, and last updated on October 25, 2022.