New slot machine players are going to find a lot of advice for beating the slots. Have a healthy skepticism when a slots expert tells you they know how to beat the slot machines. Among the games in a casino, video slots (in general) have a high house edge. Besides finding gaming machines with high jackpots and a low house edge, no skill or strategy is required to play slots. That means you can’t expect to increase your odds of winning in most situations.
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Read through the advice below to optimize your chances of winning at slots. None of the advice assures winning sessions. Instead, it helps you stretch your bankroll, so you enjoy playing the slots longer. Also, the longer your bankroll lasts, the more chances you’ll have of hitting the big jackpot every slots player wants.
Use a Slots Card
Upon entering a live casino, sign up for a slots card. This provides comps and cashback, which automatically lowers the house edge by a bit. Never play a spin without using your slots card. In an online casino, accept the highest slots bonus and play according to the terms and conditions until you meet the wagering requirement. Once again, this lowers the house edge on online slots.
Make Max Bets
Look at the payout chart on a slot machine to determine how jackpots are paid. On many slot machines, the 5-coin bet pays out a higher percentage on the top fixed jackpot. For instance, a 1-coin bet might pay $200, a 2-coin bet might pay $400, a 3-coin bet might pay $600, and a 4-coin bet might pay $800. You might expect the 5-coin bet to pay $1000, but many slot machines pay out $1200 or $1500 in that case, trying to convince bettors to make the max bet.
If the jackpot increases a bigger percentage with a maximum coin wager, then it makes sense to make the max bet on a slot machine. If the bet size is too high for your tastes, then lower the coin denomination and make a max bet at that level. Of course, if there is no additional jump between the 4-coin and 5-coin bet, then you can wager a single coin and max out the coin denomination to the bet size you like.
Read the RTP Information
If an online casino or land-based casino publishes its return-to-player information, read through the RTP percentages to find the video slots with the best RTPs. Return-to-player or expected return is the percentage of a theoretical $100 you expect to see returned to you. It is a theoretical percentage based on probability, so an RTP of 95% does not assure you’ll be paid $95 for every $100 you put in the machine. You might lose $50 or you might win $150, or you might win a progressive jackpot and go home rich.
The point of the RTP percentage is to give a player an idea of their expected return. If two slot machines sit next to one another and one has an RTP of 93% and the other an RTP of 95% (and both have similar jackpots), then it pays to play the game with the higher percentage. Over time, this leads to you maintaining a higher percentage of your bankroll.
Money Management Techniques
Read about bankroll management techniques. “Money management” or “bankroll management” is a series of steps you take to lock on winnings when good luck happens and limit your losses when a bad streak occurs. These do not assure that you’ll win, but it optimizes your bankroll.
Players should know three core bankroll management methods: percentage betting, win goals, and loss limits. Learn to calculate your bankroll and divide this into percentages. Then bet between 1% and 5% of your bankroll on any given hand, depending on your capacity for risk. This limits the amount of your stake you lose on any given session, keeping you playing for longer throughout your vacation. It is a given that people go to the ATM machine or credit card when they lose their whole bankroll — which means you spend more than you intended. The point of percentage betting is to assure your bankroll last through your whole trip, so you never have to replenish.
What Is a Bankroll?
“Bankroll” is not defined as your entire bank account. It isn’t defined as your discretionary spending budget or the money you have earmarked for entertainment expenses. Instead, it is a part of your discretionary spending cash and entertainment budget which is set aside specifically for gambling. In this case, a bankroll is less than your entertainment budget.
Once you have your bankroll figured, divide this into easy to understand percentage. If you have a bankroll of $1000, then divide this into percentages. These are simple calculations, but you should have an understanding of 1%, 2%, 5%, 10%, and 20% of your bankroll. In the earlier example, 1% would be $10, while 2% would be $20. 5% would be $50, 10% would be $100, and 20% would be $200.
Now that you have these, decide whether to bet 1% to 5% of your bankroll. Most experts suggest betting no more than 1% to 2% in order to maintain your bankroll throughout your casino trip or online slots session.
Setting a Win Goal
Next, set your win goal. This is the amount of winnings you set as your goal for any given slots session. If you have a win goal of 10%, then your win goal would be $100 for any given slot machine sessions. As soon as you hit that goal, you walk away from the slot machine — no matter what. A win goal is a hard-and-fast rule, because it locks in winnings. One of the biggest mistakes players make is losing back their winnings, because they think they’re on a hot streak.
Setting a Loss Limit
Even more dangerous is trying to win back cash you just loss. To protect against this tendency, set a loss limit. Once again, make this your hard-and-fast rule. Typical loss limits can be 5%, 10%, 15%, or 20% — though 20% means you could lose the entire bankroll in 5 slots session. 10% to 15% is a good middle ground. Once you’ve lost that amount, walk away from the slot machine under all circumstances. The slots game is not “due” to pay out, so step away from the machine and clear your mind.
Win goals and loss limits guard against gambler’s fallacy. Gambler’s fallacy is the idea that the law of averages assures or weight the odds in your favor. Slots use random number generators and every spin is entirely separate from the previous spin. Losing the last spin does not make it more likely you’ll win the next spin. The odds stay the same, no matter how many wins or losses in a row you’ve had.
Avoid Progressive Betting
For that reason, avoid progressive betting systems like the Martingale system, D’Alembert system, Fibonacci system, and so on. Betting experts have used computer simulations to track the progressive betting methods against flat betting (same bet each spin). Flat betting beats all of the progressive betting schemes over 1 billion spins.
Progressive betting seems like it’s working, because it leads to a lot of small winning sessions. The problem is that it also has a handful of huge losing sessions which wipe out all the wins — and then some. You can’t beat the house edge with the Martingale system, however it might look to the naked eye. The Fibonacci numbers are incredible, but they are not a magical way to beat the casino.
The reason progressive bets are bad is they increase the size of your bets (in some systems exponentially). If you start with $5 or $10 bets, a streak of bad luck has you betting hundreds of dollars on one spin. That’s busts your bankroll and leads to a “risk of ruin” — meaning you’ll lose your whole bankroll if you hit a bad luck streak. No matter what you read online, flat bets are better.
Take Breaks for Rest and Refreshments
Play when you are at your best physically and mentally. Don’t play when you’re tired or sleepy. Don’t play when you’re hungry or thirsty. Take frequent rest and restroom breaks. If you get bored, take a break and walk the casino. Play another game to change up the betting pattern.
When you are rested and engaged, you won’t have distractions that might lead to bad decisions. The idea is to have fun, so if anything is causing you to lose focus on the entertainment aspect of the game, walk away and save your bankroll.
Don’t Go on Tilt
Tilt is a concept in poker where a player makes decisions based on emotional responses instead of solid strategy. It can cost a player a lot of money if they make bets based on anything but rational decisions. While going on tilt is not a concept in slot machine gambling, every game of chance has a personal component.
In short, don’t play when you’re agitated. Take stock of your inner thoughts. If your ego or anger is causing you to make irrational decisions, take a deep breath and calm down. If that doesn’t work, walk away and clear your head. It stinks to lose a series of bets, but what stinks more is to lose a series of bigger bets when you’re trying to make up for lost bankroll.
Personally, I think it would be very difficult to make any sort of ongoing regular living playing the slots, but I guess it’s not impossible. Anything is possible right? Some people would argue that you can’t make a regular living out of ANY casino game. But some popular gaming authors may say differently I think.
Beat Casino Slot Machines
I’m often asked by readers if I recommend that people should play slot machines, and if I think you can really beat them.
I’ll start off by admitting that I’ve not met many people in my life who’ve made consistent profits at slot machines, although I have met a few “lucky players”. Personally, I think it would be very difficult to make any sort of ongoing regular living playing the slots, but I guess it’s not impossible. Anything is possible right? Some people would argue that you can’t make a regular living out of ANY casino game. But some popular gaming authors may say differently I think. Maybe they’re just “lucky”, that’s certainly possible.
Re my own playing of slot games, I can say this: I play slot machines occasionally myself, normally when I’m bored with blackjack or have a bit of gambling profit to speculate with. I don’t bet huge sums on slot machines, and I really play them just for the enjoyment. Occasionally I’ll get a good win from a machine or two (I got $565 from a 5c Heart of Gold slot yesterday, for example), and other times I’ll lose. That’s the thing with slot machines: they’re random, and anything can happen. I pay my money, and I take my chances. Sometimes I’m happy afterwards, and sometimes I’m not. Easy come, easy go. Hang on tightly, let go lightly. I’m a gambler after all.
Re the mathematics / odds of slot games, I can say this: The average slot machine, depending on where you play (geographic area, casino, and whether or not that casino is online or offline) will have a payout percentage from about 85% to 95%. In some jurisdictions that may be lower. In some it will be higher. Assuming that the overall average slot machine house edge is somewhere in the vicinity of 10%, then I’d suggest that’s a very high house edge to overcome. It’s 4 times higher than single zero roulette, about 20 times higher than 6-deck blackjack, about 8 times higher than when playing Baccarat, and roughly equivalent to a bad version of Carribean Stud Poker. But like any game, it’s not impossible to win in the SHORT TERM. People do win, and often. You’re very unlikely to win in the LONG TERM however (again, from my own personal experience).
I liken this approach / thought / idea to playing the National Lottery (or Lotto, or whatever they call it in your own country): the odds are MILLIONS TO ONE that there will be a Division One winner on any draw, but people do win – small prizes, and big ones. Those people lucky enough to win the big jackpots have likely not spent the same amount as their prize money on participating to date. If that’s the case, then you could say that they “Beat the Lottery” – they’ve got more money back than they invested.
It’s true that there are a lot of tickets sold for every Lottery draw – but they’re not all sold to one person. In most Lotto draws, millions of people participate, and in turn they build the jackpot for the winner. This is not that far different from a progressive slot machine jackpot like MegaJackpots or QuarterMania or NickelMania and the like. Millions of people play the linked progressive slot machines in their favourite casino, and many of them do lose. But one day one lucky player comes along, puts their money into the machine, and hits the jackpot. Like our Lotto player, that person has “Beat the Slots” – they’ve got more money back than they invested. And even a small jackpot of a few thousand dollars will allow many recreational players to “Beat the Slots” at any given point in time.
So is it possible to beat the slots? Sure. But not everyone can. And the odds are against you. The longer you play slots, the more you pay. Simple mathematics tells us that. And if mathematics isn’t enough to convince you, the expressions on the faces of people leaving a casino who’ve been playing slots for hours should say it all.
I include slots on this blog because I do think that they have a place in casinos, and because I do think they represent an occasional chance for players to win. Where players can get the edge in the SHORT TERM on these slot machines is through the application of bonus / match play funds that many (online) casinos offer to new players. If you’re playing with the casino’s money, you’ve got a better chance to win – after all, each spin is really half your money, and half theirs. Of course, there are no guarantees – you can get good runs or bad during your play time.
The average online casino wants you to win with their bonuses, because otherwise why would you go back to them and continue playing? All casinos (and online casinos especially) like regular customers who come to see them often. They know that anything can happen in the short term, but that in the long term they will win from the majority of players because of the house edge on each game. They’re gamblers too, but their strategy is sound: and if it wasn’t, there wouldn’t be so many casinos in operation. And most casinos are built and expand upon the profits they make primarily from slot machines.
So, when you see slot machines featured on this blog, I’m mentioning them for your general interest, and for the appeal of players who like to play slot machines for entertainment. Can you make money? Maybe – you might be one of the lucky ones who hits the jackpot! But in reality, I can’t tell you – I can’t predict what any given slot machine, online or offline, might do at any time.
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You might lose – the odds ARE against you long term (unless you’re on a match play or similar bonus promotion). You might win – small prizes or big ones. I’d certainly not recommend putting BIG bets (i.e. $2 a spin or more) through a slot machine on a regular basis. Keep your limits low (25c a spin or similar), keep your bankroll to $100 or less in a session (or whatever you are comfortable with), and play slots for entertainment. If you get a profit, great. But don’t expect it every time.
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Whatever you decide, I wish you luck. Let me know of your good and bad experiences by dropping me a line at admin@howtobeatthecasinos.com.