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Here are the most important things you need to know if you want a better chance of beating those slot machines:
Slot Types: Walk into any land-based casino or log on to an Internet casino and you’ll be confronted with a bewildering assortment of slot machines. There are many different games, jackpot sizes, coin denominations and number of coin options.
All slots are completely electronic, a computer chip, known as a Random Number Generator (RNG), determines what symbol combinations come up for every spin. That RNG is programmed to return to the players a certain percentage of all the money that the machine collects.
Payout Percentages: The payback percentage on slots ranges between 80% to as high as 98%, depending on coin size and local competition. Generally, in brick-and-mortar casinos, the loosest slots can be found in Las Vegas. Nationally the average payout percentage is estimated to be around 90%. Online casinos do not have to pay for expensive real estate; they can afford more liberal payouts on their slot games.
Realize that payout percentages are calculated over the long term, which could mean many millions of spins. If a slot machine is programmed to pay back 95% it will pay out $950,000 out of every one million dollars it takes in, but payouts will come in wildly fluctuating random fashion. A few players will collect huge jackpots, while all others will not be so lucky.
Loose Machines: When playing in land-based establishments, always look for the highest payout slot machines you can find. Some casinos advertise 98% percent payback. A slot holding just two percent! Great! But look closely at the advertisement, the fine print probably says "selected machines", or “up to 98%”. The 98% machines probably won’t be identified. It will be up to you to find them: Try asking casino personnel. Better yet, find out which machines are most popular with local players. Locals don't play tight slots.
Coin Denomination: Play the coin denomination that’s right for the size of your bankroll. If playing progressives or slots that offer a bonus for playing maximum coins and the dollar level is too rich for your blood, drop down to the 25-cent machines. Look and compare. If the maximum payout on a dollar machine is $300 for single coin play, and a quarter machine pays $300 with three coins (75 cents) inserted, then the quarter machine is the better deal.
Progressive Jackpots: Play the progressives with maximum coins only. You won’t collect the jackpot if you don’t play the required number of coins. When selecting progressive machines be sure to look around for the best value. One bank of 25-cent slots can have a progressive jackpot of $2,654 while on another carousel nearby the top prize is 3,572. Always look for the best opportunity.
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Money Management: Set a loss limit before you enter a casino or before you go online. You know how much you are willing to risk or how much you can afford to lose. Discipline yourself and stop playing once you've reached that pre-determined limit. For example, if you allotted $100 for this session, stop playing when you’ve either doubled your money or lost it all. Don't get greedy and don’t get caught up in the "I need to win my money back" mentality.
Hit and Run: Continue to play the same slot machine only if it hits at an average of at least every three or four spins. Don't keep feeding a cold slot, hoping it will warm up. The longer you stay at any gambling activity, the greater the odds against you. The casino’s built-in mathematical advantage takes effect. You want to “hit and run”. Quit when you’re ahead, you’ll feel much better! Choose from over 50 online slots at Bodog Casino, where you can play for free or for cash.
Slot Clubs: Land-based casinos give away millions of dollars in comps, free meals, free rooms, show tickets, invitations to slot tournaments, gifts, cash and more. You deserve your share. How much you get is generally based on the number of coins you cycle through the machines. Not all comp programs are alike, compare benefits at different casinos. Find out what their requirements are and choose the one that has the best deal for your level of play. Treat slot club comps as a form of profit, but never play slot machines just to get freebies. That’s a trap casinos hope you’ll fall into.
Online Casino Bonuses: Online casinos can’t entice you with free meals or free rooms like their land-based counterparts, so in order to attract players they offer bonus money in various forms. The most popular is the new players welcome cash bonus. There are single deposit bonuses, multiple deposit bonuses, and even no deposit bonuses, where they give you money just so you’ll try their casino. Be aware that all bonus monies come with restrictions. Always read the “terms and conditions”, take advantage of the free money only if you find the rules are acceptable.
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