How To Make Money Slot Machines

Double Easy Money Slot Machine
How To Make Money Playing Slot Machines

Choosing the Casino Slot Machines with the Highest Payouts It is only apparent that to win big; you will need a tool that pays out more than the rest. Find out the return to player (RTP) percentage on the machine you would like to play on. The RTP is the percentage of all the wagered money that a slot pays back to its players.

Entire books have been written about how to beat slot machines. Almost all of them are worthless. Slot machines are “negative expectation” games. And most of them have no skill element. Even the ones that do offer odds that make it impossible to be a long-term winner, no matter how skilled you are.

What’s a “negative expectation” game? It’s a game where the expected value of every be is negative rather than positive. Here’s an overly simplified example:

Suppose you’re playing a slot machine with one prize of $1000. The odds of winning that prize are 1000 to 1. That’s a break-even game. You’ll lose 999 times, but you’ll win once, recouping all your losses. Over the long run, neither you nor the casino stands to win.

But suppose the casino changed the top jackpot for that game from $1000 to $980. Can you see how the casino would then have an edge over the player, mathematically?

That’s how a negative expectation game works. So I’m writing a post about how to beat slot machines, which can’t be beaten in the long run at all. What could I possibly have to say on the subject? You might be surprised. Read on.

1- Understand the Concept of Payback Percentage

In the example I gave above, where the game had 1 in 1000 shot of paying you off at 1000 to 1, the payback percentage was 100%. All the money you put into the machine is eventually paid back. It’s a break even game.

But the payback percentage for the game with a top jackpot of 980 and a 1 in 1000 shot of winning has a payback percentage of less than 100%. The difference between that payback percentage and 100% is the house edge.

The payback percentage is a function of payouts versus the probability of winning those payouts. The game doesn’t have a memory or a cycle. It’s completely random, but the probabilities of the outcomes are known. As a result, in the long run, the payback percentage for a slot machine is going to be under 100%.

Generally, the lower the payback percentage is, the harder it is to walk away from that slot machine a winner. Things like hit frequency matter, too, but payback percentage is the most important metric to consider. And the thing about the slots’ payback percentages is that there’s no way of gauging that number by looking at the machines themselves.

They show the payouts for the various combinations, but the machines don’t include the probabilities of achieving those outcomes. It’s impossible to calculate a payback percentage when you don’t know the probability of winning.

Understanding the concept of payback percentage is the 1st step on the road to beating slot machines.

2- Learn Where You CAN Find Information about a Slot Machine’s Payback Percentage

Even though you can’t get specific with a single machine’s payback percentage, you can find general information about slot machine payouts in general. Magazines like Strictly Slots and books like American Casino Guide publish information about slot machine payback percentages.

This information is normally organized by denomination and location. Generally, the higher the denomination of the game, the better the payback percentage. Also, the busier the location of the casino, the better the payback percentage.

When you’re playing a slot machine with a $1 denomination, the casino can afford to have a higher payback percentage on that machine and still make the same (or higher) profit. And they can afford an even higher payback percentage on a $5 machine.

When you’re stranded at the airport waiting for a plane, or if you’re sitting at a bar waiting for your buddy to finish his karaoke song, you don’t have many options besides playing the slots there in the airport or the bar. They consider you a captive audience.

As a result, they offer lower payback percentages than casinos in competitive locations do. They do this because they’re not feeling the need to be competitive.

If you want to find the slot machines with the highest payback percentages, you should look at the major casinos on the Strip in Las Vegas. You should also look for the games with the higher denominations as best you can. Of course, you can only afford what you can afford, but the penny slots aren’t as cheap as you might think.

It’s useless to try to figure out the casinos’ schemes for where they’re putting the slot machines with the highest payback percentages. At one time, someone wrote a book claiming that the games with the highest payback percentage were always located nearest the walkways. The idea was that the casino wanted to entice players to their games.

That’s no longer true, if it was even true to begin with. As far as I know, that was a tip that came from a single source.

You can try clocking a game to see what kind of payback percentage you’re actually experiencing, but that doesn’t tell you what the payback percentage is over the long run. It’s just what you’ve experience in the short term. The more spins you make, the more accurate it should be, but you’re talking about thousands of spins, not hundreds.

Here’s how to do that if you want to, though:

Start by recording how much money you bought into the machine for. Then track how much each spin of the reels is as a wager. Count how many spins you make. At the end of the session, record how much you lost. Multiply the number of spins by the amount you wagered per spin.

Divide the amount you lost by the total amount you wagered. That’s the percentage of your action that the machine kept.

Subtract that from 100%, and you have the payback percentage for the machine during that session. You can expect that amount to fluctuate wildly if you record multiple sessions.

3- Slow Down

I’ve seen various estimates of how many spins per hour most players make, but the consensus average seems to be 600 spins per hour. The lowest number of spins I was able to get down to was 400 spins per hour, and that was when I was consciously trying to slow down. I’ve watched some gamblers make what I’m sure were at least 800 spins per hour.

Anything you can do to slow down your rate of play increases the probability that you’ll wind up a winner. That’s because the payback percentage is a long term expectation. The more spins you make, the closer you get to the long term. This means that you’ll be that much closer to the expectation—which is negative by the way.

Also, when you’re losing, you can expect to lose less money by making fewer spins per hour. Sometimes this won’t be true in the short term either—after all, this is gambling, and we are talking about random events.

But here’s the predicted loss per hour formula for slot machines: Spins per hour X amount wagered per hour X the house edge = predicted hourly loss

Here’s an example of how that works:

I’m playing a game for $1.25 per spin, and I’m making 400 spins per hour. That’s $500 per hour in action. The game has a payback percentage of 85%, which is the same thing as having a house edge of 15%. My expected loss per hour is $75.

My friend Leyla, though, plays a lot faster on the same machine. She makes 800 spins per hour instead of 400. Her expected loss per hour is $150.

Not only do I have a better probability of going home a winner, but I also have a better probability of losing less money than she does.

4- Consider Playing a Different Game

I’m not bullish on slot machines. The house edge on the slot machines is unknown, but they’re impossible to beat in the long run. And you’re less likely to beat them in the long run, too. That’s because the house edge is so big.

How big’s the difference? Let’s compare some games with some estimated slot machine house edge figures. We’ll assume that you’re playing a “loose” slot machine with a payback percentage of 93%. The house edge on that game is 7%. Blackjack offers a house edge of 1% if you play with perfect basic strategy. Most video poker games offer a house edge of 3% or 4%–less if you find a good pay table. Even craps only has a house edge of 1.41%.

What do your hourly predicted losses look like on those games? At the fastest blackjack tables, you’re probably looking at 200 bets per hour. At $5 per bet, that’s $1000 in action per hour. 1% of that is only an expected loss of $10/hour. At the craps table, you might make 60 bets per hour. At $5 per bet, that’s $300. Your expected loss there is only $4.23.

On a video poker machine, you’ll probably see 600 hands per hour. At $1.25 per hand, you’re looking at $750/hour in action. With a 3% house edge, that’s an expected loss of $22.50 per hour.

On that slot machine we talked about, you’re looking at 600 spins per hour at $1.25 per spin minimum. That’s $750 per hour, but your expected loss is 7% of that, or $52.50 per hour.

No game in the casino will take up more of your bankroll in a short period of time when contrasted with slot machines.

5- You Could Also Try Free Slot Machine Games

For the most part, you can’t beat slot machines by only playing the free games online. But some casinos and websites do offer free games with real cash prizes. Winning any money on such a game is a longshot, but it’s still possible.

Usually the ones which offer money are offering free slot machine tournaments, where they have a prize for someone who wins the most money in a week or someone who makes the most spins in a week.

And if you just like the sights and sounds of a slot machine, but you don’t enjoy losing money, you can just play the free games until the cows come home. You can consider that slot machine “beaten” because you didn’t lose any money to it.

6- Learn How to Win a Massive Jackpot on a Table Game Instead

It might seem like the only way to win a massive jackpot at the casino is by playing a slot machine offering such a possibility.

But my favorite gambling writer Michael Bluejay suggests a system where you can win $100,000. The odds are against you, because even when you’re playing the best table games, you’re facing a mathematical edge. But the odds are still better than winning at slot machines.

All you must do is find a table game where you have a maximum bet of $50,000. Then every time you win, put your winnings back into action. Basically, you’ll be doubling the size of your bet repeatedly. If you can win 14 times in a row, you should have $100,000.

Here’s what the progression looks like:

$10
$20
$40
$80
$160
$320
$640
$1280
$2560
$5120
$10240
$20480
$40960

After winning 13 bets in a row, you’ll have over $80,000. You don’t have to double the size of your bet this time. Just bet $10,000 and win, and you’ve won $100,000.

Winning at baccarat, craps, blackjack, or roulette 14 times in a row is much likelier than winning a big jackpot on a progressive slot machine.

Most of the time it won’t happen, and if you try this often enough, the house edge will eat up your bankroll. But it’s still a better option than trying to win $100,000 on a slot machine.

7- Play the Most Basic, Boring Slot Machine You Can Find

All the bells and whistles that make modern slot machines so much fun? You pay for all of them in the form of a reduced payback percentage.

If you can find a slot machine with 3 reels and a single pay line that looks like an antique, that’s your best bet at getting a high payback machine game. The bigger and fancier the game is, the worse the payback percentage will be. This means you should avoid games with progressive jackpots. Avoid games with scatter symbols. Avoid games with wild symbols. Avoid games with dozens of paylines.

The top jackpot for most of these basics, boring slot machines will be around 1000 coins, but you’ll be more likely to hit that jackpot than you will to beat a fancier slot machine.

Conclusion

The best way to beat slot machines is by eschewing them in favor of a casino game offering better odds. If you must play slot machines, though, try to keep in mind the tips in this post. Don’t play with money you can’t afford to lose. Be willing to walk away quick if you get lucky. Play as slowly as possible. Stick with games in competitive locations, like casinos. And play the highest denomination games you can afford, even if it means betting fewer coins on fewer paylines.

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Published Wednesday, Jul. 1, 2020, 4:57 am

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Slot machine games are fun, no doubt. But everyone knows that the major reason why most gamblers flock there is not to entertain themselves but to win money. Unfortunately, not many of them walk away with their purses smiling.

I’m sorry if you’re one such person!!!

I take it you’re here on this post because you want to leave the league of those slot players that play, play, and play, but never win anything.

Well, wear a smile on your face because you’ve come to the right place.

In this guide, we’ll show you all that you need to know about making money from slot machines.

Go for the machines with the highest return to player percentage

The return to player percentage, or RTP as it is known for short, is the first yardstick you want to use for picking out the casino slot machines you want to bet your money on. Because the higher the RTP percentage of a machine, the better your chances of winning on it.

The RTP is the percentage of all the wagered money that a slot pays back to its players. So if a slot machine has a very high RTP, it implies that players have a greater tendency to win on it.

You can find out the RTP of the slot game you want to play by looking it up online or checking the “help” section in the settings tab of that slot machine.

Double Easy Money Slot Machine

For starters, the best machines for you are those that boast RTPs in the range of 96% and above.

Measure volatility against your bankroll

If you have a big enough bankroll, don’t go for the simple, low volatility machines; instead, try your luck at the high volatility games. Although winnings are rare on these machines, when they do come, they come really big. And since you have a big enough bankroll, you should be able to withstand the few losses that come along the line.

However, if you have a lean bankroll, please stick with the low volatility games. Although winnings are meager, your risks are lower, and with patience, you can grow your profits to multiple figures.

Don’t ever pass the chance on free spins

I don’t know whether you’ve been doing it before, but if you haven’t, please start now. What am I talking about?

Well, I’m talking about the act of making “free spins” the first thing you look out for on a slot machine. Free spins are there for a reason, and if you want to win money playing casino slot machines, you cannot afford to underutilize them.

However, be sure to read the T&C related to free spins on a casino site before you start using them. Usually, many casinos include lots of hidden terms and withdrawal limitations with their free spins. But sometimes you can be lucky to come across sites that offer you free pokies without any strings attached like King Pokies.

Use your free spins to learn about the volatility of the slot machine, use them to gain insights into the game, and ultimately use them to increase your profits.

Avoid branded slots

As much as you want to play a slot game that features some of the characters from your favorite sports or TV shows, you need to resist the urge to play on any machine where they can be found.

Why? Because branded slot machines are designed for one purpose: to lure you and drown your bankroll. Not that the creators of these slot machines have a special interest in extorting gamblers, but due to the fact that many of them pay hefty sums to get the right to use the name or face of those popular characters, they try to raise the difficulty of their games, thereby limiting a player’s chance to win.

Try your best to go high

I know we all don’t have the luxury of placing thousands of dollars on bets, but you remember the old saying, “you need to spend money to make money.”

Well, that statement couldn’t be less true in casino slot games. If you want to win big, you just have to spend big! The higher the wagered amount, the higher the winnings when you hit the jackpot.

How To Make Money Playing Slot Machines

So as much as you’re trying to limit your risk, always try to put something big on the line once in a while. Just make sure you measure your risks carefully before treading that path.

Get a second opinion

Before you go through with your decision to bet on a particular slot machine, be sure to check what other players are saying or have said about that machine. Thankfully, we now have the internet, so it cannot be so difficult to get a public opinion on any slot machine you want to play. Go on Reddit, Quora, YouTube, Twitch, and other online forums to read the comments and reviews of people.