How To Make Money On Slot Machines

  
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Today, I’m going to answer another reader question which I received recently by email. It comes from Sarah in Scotland who wants to know “Are slot machines rigged?” I’ve copied the email directly below with her permission.

  1. First, hiring the appropriate staff is really important. Whether that means hiring responsible and friendly bartenders, or a dedicated gaming manager, you need to make sure that they are ready and able to perform the functions when it comes to a slot machine area.
  2. 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.

Slot machines vary from each other on their ease of payouts. Those on which you.win easily are considered loose and major gaming centers will avoid placing such close to each other. Thus, if you are on a losing streak, it could be a good idea to move to another machine even change the slot game.

Dear GamblingSites.org team,

I’m Sarah McKeown, and I’ve been a long-time reader of your blog. I’ve found lots of interesting content over the years. I even won a healthy jackpot after playing one of your recommended jackpot slots.

How to make money on slot machines jackpots

However, I’ve been keeping a record of my bets versus my wins, and I’ve noticed that no matter how many big wins I have, I always end up losing it all again over the long term. Can you tell me if slot machines are rigged? Can casinos fix slot machines to make sure players lose?

Any insights you can share with me would be greatly appreciated.

Thanks,

Sarah McKeown

Sarah, I’m going to answer your questions directly. Yes, slot machines are rigged. However, they’re not rigged in the way you think they are

In this post, I’ll explain how slot machines work, why you lose in the long-term, and I’ll give you some useful tips for beating slot machines more often. Let’s begin!

Are Casino Slot Machines Rigged?

I guarantee you that if you walk through any Vegas casino, or any casino in the world for that matter, and ask every slots player if they won, the vast majority of them will tell you no.

It’s difficult to understand how this could be the case unless slot machines are rigged. And if they are, how in the heck is that legal? Are casinos actively keeping slot machines rigged so that you can’t win? If so, what about all those stories of players who won huge jackpots?

This can all seem rather confusing, but it’s not. The simple answer is that the vast majority of players lose, and a few lucky players win. Each machine is programmed to pay out less than what’s put into it, ensuring that the casino makes a continuous profit over the long run. This could be anything from a 2% advantage on the best slot machines, to a 10% or greater advantage on some of the big-money jackpot slots.

So, in a nutshell, casino slots are rigged to make sure the casino makes a profit, but that does not mean you can’t win on any given gaming session.

Gaming commissions would never allow casinos to run games you can’t win, nor would it be good for business. Players would soon figure out that the games were unwinnable and would stop playing.

Let’s take a closer look at how slot machines work. This will help you understand that while the house always wins, you can win, too.

How Slot Machines Are Rigged

Understanding how slot machines are rigged requires you to understand how they work. Each slot has its game odds, but they all use a similar method of paying out jackpots. Here are some important things to know about slot machines.

Understand Slot Machine RTP

RTP is an acronym for “return to player.” If you read slot machine reviews, you’ll usually find each game has a specific RTP published by the developer. For example, on NetEnt.com, you can find the RTP of Starburst and other games.

RTP is a percentage.

For Example:

Based on Starburst from above, the RTP is 96.09%. What does this mean in terms of money, jackpots, and wins and losses? It means that, for every £100 bet on these games, players win back £96.09.

It’s important to remember that this does not mean you’ll make back £96.09 for every £100 you bet on Starburst. It means that the casino returns £96.09 to all players spinning the reels at every casino which offers Starburst. This includes all of the small wins and losses each player wins on every spin. In the long run, the casino will make £3.91 on every £100 bet on that game, regardless of what happens in the short term.

Hopefully, this concept of RTP helps you understand how slot machines are rigged in favor of the game developers and casinos but are not rigged in absolute terms. You can win when playing slots, but you can’t win in the long run.

Understand Random Number Generators

Even though the house has a built-in advantage on slot machines, it’s clear that some players do win massive jackpots. Just take a look at this story about a British soldier winning a record-breaking jackpot from a £0.25 spin.

Lots of players wonder when the best time to play slot machines is, which slots are “loose,” and all sorts of other questions. They hope that figuring out the answers will help them win slots more often, but the truth is that this is all a waste of time.

Slot machines decide when to pay out in accordance with a Random Number Generator (RNG). Believe it or not, it’s possible for a slot machine to pay out a jackpot on two spins in a row, although it is unlikely. A Random Number Generator is a piece of software which spits out billions of numbers per second, and if it happens to spit out a number associated with a jackpot, you’ll see the high-value symbols line up across a payline and you win.

There’s no way to manipulate RNGs. You can’t cheat online slot machines no matter how hard you try. Some smart players note that RNGs can’t be truly random since humans create them, but for all reasonable and practical purposes, you can’t manipulate them.

Perhaps, someone will someday spot a pattern in the apparent randomness by using a quantum computer to crunch numbers. But until then, just assume they’re random.

While the slots developer can control the RTP via programming, it can’t control the RNG. There are third-party games testing organizations such as eCogra which test RNGs and verify that they are fair. This doesn’t mean all slots developers play fair, but big names like Microgaming and NetEnt do.

How to Win at Slots — Tips and Tricks

Now that you understand how slot machines work, and how they are rigged without being unfair, it’s time to turn the tables on the casinos. I’ve learned a lot about slot machines throughout my career as a player, and I’m going to share my best tips on how to win slots more often.

Pick Slot Machines With a High RTP

One of the first and most obvious tips is to select high RTP slot machines. These games pay back the most to players in the long run, so you’re better off playing them even if the jackpots are smaller.

Very often, the jackpots are smaller. Since the casinos have less risk to deal with when a smaller jackpot is involved, they can afford a higher payback percentage to players. It makes sense, doesn’t it?

So, which slot machines have the highest RTP? Here are five to get you started.

  • Blood Suckers by NetEnt – 98%
  • Rags to Riches by Cryptologic – 98%
  • Good Girl, Bad Girl by Betsoft – 97.8%
  • Kings of Chicago by NetEnt – 97.8%
  • Wolfpack Pays by NextGen – 97.8%

Those slots have a variety of excellent bonus features, decent jackpots, and higher than average RTPs. If you want to get the most bang for your buck as a long-term player, it’s wise to play them.

How To Make Money On Slot Machines

Pick the Right Volatility for Your Bankroll

There’s a top-notch article on slot machine variance and volatility here. If you want a more detailed breakdown of what they are, check that out.

Slot machine volatility is important to understand because it will tell you which slots are suitable for your bankroll. Volatility indicates both how often a slot should pay and the average size of the payouts.

  • Low volatility slots pay smaller amounts more often.
  • Medium volatility slots pay decent amounts fairly often.
  • High volatility slots pay less frequently, but wins are more explosive.

If I had a smaller bankroll, say £20, I’d start by playing a low volatility slot such as Starburst. I find that it’s a good slot to build your bankroll with. Once I double up, I usually switch to a higher volatility slot with bigger payouts which occur less frequently.

Managing your bankroll effectively is about the only slot machine strategy which works. Therefore, knowing the volatility of a game is useful information.

How To Make Money On Slot Machines Machine

Use Free Spins With Low Wagering Requirements

How To Make Money On Slot Machines

Most online casinos offer free spins bonuses for new players. Lots of them also offer free spins to loyal players who spin slots daily or weekly.

I’ve learned the hard way that not all free spins bonuses give me an advantage. Sometimes, the wagering requirements are so high that the bonus is a liability. This is especially true if it comes with predatory terms such as that I can’t withdraw my deposit until I meet the wagering requirements. Yes, such bonuses exist, I’ve seen it all over the years I’ve been playing!

There are other free spins bonuses you will want to take. They’ll give you a chance to beat the house with its own money and have these characteristics.

  • They won’t require excessive minimum deposits.
  • The wagering requirements will be low, around 20x or less.
  • You’ll be able to keep all of what you win when you wager the bonus.

Free spins with low wagering requirements are available at lots of top UK casinos. There are even casinos with no wagering requirements, and they’re especially popular in the UK market.

Final Words

Thanks for writing to me with this question, Sarah. It’s given me a chance to cover lots of ground with regards to slot machines, and I hope that it answers your question. Are slot machines rigged? Yes, the house has a mathematical advantage which you can’t alter, but that doesn’t mean you can’t win.

Beating slot machines is a case of picking the right games, managing your bankroll effectively, and getting lucky. Don’t forget the last part! Luck is essential. There’s no effective way to beat the slots every time. Happy spinning, and don’t forget to pick up a casino bonus before you begin!

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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.

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.

How To Make Money On Slot Machines

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.

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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

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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.

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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.