Top Strategies for Betting on Slots
You might have thought that the only betting strategies worthwhile are for poker buffs, but it isn’t so. There are also strategies for betting on slots. It’s quite an underdeveloped topic in mainstream betting media, but there are a few things you can do to make the odds in your favor.
Overall Slot Strategies
In order to play strategically in a game of slots, you should know the basics of slots, betting, and common mistakes.
How Slots Work
Slots use a program called random number generator (RNG) to decide which symbols to show on the reels. Each reel is an independent random event. Therefore the betting operator or casino has a mathematical advantage over you. But that doesn’t mean that it’s impossible to beat the machine.
Make A Budget, and Stick to It
Making a budget when you bet is crucial. If you’ve set yourself a limit, you’re more likely to think through your slot betting decisions.
It’s a good idea to set a ceiling on how much money you can spend, and how much you can afford to lose. A great indicator to stop is if you’ve doubled your initial amount, or if you’re losing, to stop when your budget won’t allow you to spend more.
Debunk the Myth
There’s a theory that a machine is “hot” if it hasn’t paid out in a long time, and therefore you’re more likely to win when betting on it. The second half of this myth is that a “cold” machine, — one that has recently paid out — is not likely to pay out again any time soon. This isn’t true. Slots are random!
Understand the Rules
This only applies to online betting. In order to increase your chances of winning, you must understand the game. Read up on the rules, so that you know what to look for, and determine if it is worth your money or not. Slot games often contain free spins and bonus features, which you know if you read the rules.
Moreover, your payout may depend on the amount you’ve put into the machine, this is something you should check out before betting. So read up, because you don’t want to miss out on the elusive jackpot.
Online Slot Strategies
Fixed Maximum Payout
Two common strategies are the progressive jackpot and the fixed maximum jackpot strategies. The former means that the slot has a meter which increases the jackpot for every play without return. This might sound like a great idea, and it is for the operator, not the player.
You are more likely to win with a fixed maximum payout, but the amount is smaller. This is the option you should go for in order to win big.
Smallest Jackpot
Although many zeros will increase your heart rate and make your palms sweat, it’s not a good idea to go big.
You are more likely to win with small jackpot slots. It takes a lot of time and money to win the big jackpot, and even if you do spend a lot of time and money you’re not guaranteed to win. Moral of this paragraph, go for the smallest jackpot.
Video Reels
We’re easily distracted by moving images, and not the ones that make you cry. Although video reels seem like a great idea, they actually have a smaller payback than normal machines by a tremendous 5%. If you want to win, bet on the classic slot machines with small wins.
Offline Slot Strategies
One Play Strategy
Offline strategies are just as important as online betting strategies! Atlantic City and Las Vegas are more popular than ever, so dont forget to brush up on your offline strategies as well.
The “one play strategy” is when you play once with the highest amount possible, and if you win you play again — but if you do not win you try another slot machine.
Standard Deviation Strategy
This is the most difficult strategy of all. In order to follow through with this strategy you need to use an advanced mathematical equation.
First, find an “equal pay” machine, which is a machine that for instance, gives you the value of 20 coins for 2 coins. Secondly, find the standard number of spins. Then when you know the number of spins between each win (at least 10 times) you’ll know the average number of spins between wins. Thereon you can calculate whether it is worth to try or not.
In order to leave the online or offline casino with the most money in your pocket (or account) you need to do research first. Listen to facts, not your gut.
Put your knowledge to practice at one one of the best casinos in Canada!