Showing posts with label progressive jackpot slots. Show all posts
Showing posts with label progressive jackpot slots. Show all posts
Tuesday, August 16, 2011
Earn Money Playing Slot Machines... Or Not!
Yay, what a life would that be - sitting behind the fancy slot machine, hitting buttons, sipping Bud Light and constantly cashing out big bucks, or coins. Sure, we know that casinos (even online casinos, yes) take their "edge" and earn hideous profits, but we don't think about it when we step into a local casino or log on to our favourite online casino.
There's always a constant battle between "us" (the players) and "them" (casino) and most of the time we're pretty equal, until the slot machine suddenly turns into a money-leeching demon and starts eating our cash. So, after losing again, you ended up reading this article that has a title which gives you some hope.
Not that I want to sound rude, but reconsider because you won't win your money back. Every bet you make equals giving your money away. Actually, there's only one way to gain a profit visiting a casino - that's when you sign up for a casino's club card and go visit the place once in a while. You won't play but always claim your "Club Member Bonus" free drink. After drinking it you should leave the place, but knowing you guys, that almost never happens.
For people who still believe that they can win with slot machines, I have listed some myths and rumors that aren't true. Believing in them brings you debts and misery.
Some people believe that a poorly paying slot machine is about to hit big, maybe even a jackpot, so it would be smart to keep on playing or even raise the bets::
Well, actually there's no difference if the machine has been paying poorly for a long time or not, because each spin is unique and totally random (IF, that is, you're playing at least Casino Control Commission or a GamblingRalf approved casino and the machine uses well-known software). There's different situations in land based casinos, because even if they claim that slot machines payout percentage is fixed and constant, it still happens sometimes. The payout percentage has been lowered to nonexistent and you can keep on playing and losing forever. There's also no such thing as "feeding the slot machine" (this equals losing your money in order to win it back later) or "milking it".
Talking on a cell phone when gambling drives high tech slot machines crazy and helps to win big...or not! Actually some cell phones damage digital slot machines (especially before GSM coverage, when NMT was a superhit), but I haven't heard any stories of players being able to cheat the casino with this trick and withdraw the money.
I know a few players who have had sudden $100,000 on their bankroll and weren't paid, because the computer chip made a mistake (probably caused by cell phone). Every bet and win has to be proved by a slot machine's previous winnings history, which is saved and constantly checked.
::Temperature of the coins affect slot machines and payout rates. Hot coin means more money!::
Another twisted fairytale. If you're already so credulous, don't visit casinos at all - you will gamble your brains off like that and go home crying. Computer chips have a RNG chip (Random Number Generator) that isn't affected by anything, even not by the coin you have stored and heated up between your buns.
We could continue this list, but I'd rather not do it because it all comes down to one thing - in the long run there's no way you can beat the slot machine and steal its edge. If winning was easy, there would be no casinos. There's no simple "How to Beat Slot Machine" tactic, only some simple rules that should be followed to keep your losings as low as possible.
Basic Slots: Features & Strategies
Three features that should dictate any slot players’ search for basic slots are:
1) Single payline, in your quest to stretch your gambling bankroll.
2) Slot players should also look for 2 coin maximum non-progressive machines only.
Whereas a 2-coin machine may pay 80 coins for 3 double bars with 2 coins in, a 3-coin machine may show a pay of 120 coins for the same combination. However, remember, you had to gamble an extra coin, each spin; therefore, the payouts are generally equal. Three coin machines look more lucrative in their payoff structure because they show that the player will win more, but the player also has to bet more to get this.
Players who play the 3 coin machines will spend considerably more than players who invest more of their playtime and money in the preferred 2 coin machines, equating to more pulls on that slot, and more chances to win a jackpot.
3) Slot Players will want to seek out those slots that pay double jackpots on certain pay-line combinations.
The principle of this ‘double’ symbol is very simple; whenever it appears on the payline in combination with any other symbols that normally would have made a winning combination, the payoff amount is doubled.
Look closely to see which slot machine you are playing, as not all machines will double and quadruple all pays and not all machines will have double jackpots win possibilities.
Some machines will have only 2 double symbols, one on each of the first two reels while other machines will have 3 of these double symbols, one on each of the 3 reels.
When choosing a ‘double’ machine, it is important not to confuse them with wild cherries or any other symbols noted on the machines payoff display as being ‘wild’. Symbols identified as being wild sub for any other paying symbol, but do not double the payoff.
Additionally, most slot machines with 1000 coin top payout will hit more often than those with 5,000 or 10,000 top jackets...makes sense.
Blackjack players will argue loud and long at me for this, however there is data available that theorizes you can make just as much money on an hourly basis playing slots:
Cost per hour to play slots:
Denomination 1 coin 2 coins 3 coins
Nickel 30. 60. 90.
Quarter 150. 300. 450.
Dollar 600. 1200. 1800.
I rest my case for playing 2 coins machines. With quarter machines, the most played slots, I would have an extra $150. to play with, 300 extra spins/pulls at 2 coin machines and a greater opportunity for jackpots.
I realize that the popular slots today on and offline are bonus multi-line versions and they are definitely a lot of fun to play and will put profits in your pocket.
I write about them extensively in my articles and Casino Players Ezine, gambling newsletter, however, for the novice slot player--basic, single payline slots is an excellent starting point.
Remember: 'Not only do you have good luck with a gambling education, but you are making your luck.'
Until next we meet in the Slots Playground.
Beginners Guide to Slot Machines
Slot machine is one of the most popular casino games among gambling players. Many casino halls and online casino sites offers play slot machine game. You can find online slot sites which cater to only a slot game. If you are newbie player in casinos, then you can play slot machine. It is a very simple game of chance. Slot offers variety of playing levels; some only cost five cents a play and others can cost as much as twenty dollars a play. Although slot machines are a gambling tool, many players are intimidated by the high dollar card tables and prefer the fun and thrill of a good slot game.
The first mechanical slot machine was built in year 1895. It was called as “Liberty Bell”. The first slot machine was invented by a California auto mechanic. It had three spinning reels with hearts, diamonds, spades and a cracked Liberty Bell painted on each. Before this invention, the "slot machines" term was used to describe various types of vending machines.
The first real wide spread use of slot machines in American casinos is attributed to the Flamingo Hotel, Las Vegas somewhere around year 1940. The casino owners thought that slot machines would be great to entertain wives of customers. The slot machines offer great fun to play. The slot machines comprise over two-thirds of all revenue generated by US casinos.
Slot machines undoubtedly have a rich history. From the small inadequate invention of the mid-1800 to the multi-million dollar industry of today, slot machines will continue to grow in popularity. There are lots of casino gambling sites which offer to play different types of sot machines. They offers to play 3 reels, 5 reels, 7 reels and 9 reels slot machines with regular and progressive jackpots. They also offers betting guide, gambling strategy and information on how to play slots. Players like to play slot because there is great chance of winning big jackpots.
The first mechanical slot machine was built in year 1895. It was called as “Liberty Bell”. The first slot machine was invented by a California auto mechanic. It had three spinning reels with hearts, diamonds, spades and a cracked Liberty Bell painted on each. Before this invention, the "slot machines" term was used to describe various types of vending machines.
The first real wide spread use of slot machines in American casinos is attributed to the Flamingo Hotel, Las Vegas somewhere around year 1940. The casino owners thought that slot machines would be great to entertain wives of customers. The slot machines offer great fun to play. The slot machines comprise over two-thirds of all revenue generated by US casinos.
Slot machines undoubtedly have a rich history. From the small inadequate invention of the mid-1800 to the multi-million dollar industry of today, slot machines will continue to grow in popularity. There are lots of casino gambling sites which offer to play different types of sot machines. They offers to play 3 reels, 5 reels, 7 reels and 9 reels slot machines with regular and progressive jackpots. They also offers betting guide, gambling strategy and information on how to play slots. Players like to play slot because there is great chance of winning big jackpots.
Beat that Slot Machine
Slot machines are very popular in the casinos. Everybody seems to be drawn by the look and the feel of playing it by spinning the wheel. The thrill of playing a slot machine keeps anyone coming back either they win or not. Here are a few reminders to make your game worthwhile and at the same time increase your chances on hitting the jackpot!
Make sure that you know what machine you are playing. This may sound stupid but there are a lot of players that have missed knowing that they were not able to play the exact amount of coins for the most favorable payment there is.
Be sure to go for the highest reimbursement there is. This is a gamble. There are chances that the fates are on your side. Go ahead, play and win!
Always play the maximum coins. Normally, jackpots are paid on the maximum coins played. This way, not only do you get the chance of hitting the jackpot but also you get a high payback.
Remember to see the payback percentage whether in a casino or online. Some are even offering as high as 90% or more.
Keep in mind how much you are willing to gamble. It is always wise to plan how much you are going to spend. With the thrill of playing and hopes of hitting the jackpot, your money could be gone in seconds.
There are machines that require inexpensive games. These are the single pay line machines. This way, you could still play and have the chance on hitting the jackpot but doesn’t risk of losing all your money.
Try playing on two or three-coin slot machines. This way you could maximize the playing time of your money.
If you have a small budget for playing the slots, avoid playing the progressive slots online. Their payouts are much lower than the regular slot machine does. Plus, they could max out your budget in a few playing minutes.
You hit on jackpot at the first spin. It is likely for you to hope on playing for another round. But as it is, this is a game of chance. You are not sure if you would be hitting on the jackpot the second time or the third, etc. If you win, take the money and quit, don’t fall into giving back the money to the machine.
The rules on beating the slot machine simply works the same way as spinning a regular wheel that has to stop and produce a matching pattern of numbers or pictures in some case. So go ahead, have fun, spin the wheel and hit the jackpot!
Biggest Slots Jackpots – How they grow and how you can win them!
A brief History of Progressive Slots
In the beginning there were no such thing as progressive slots; they only became possible in the early 1980’s when microchips were added to slots machines. Even then it wasn’t until March of 1986 that the first multi site linked progressive slot machines were introduced by the slot machine manufacturer IGT.
Having the same jackpot being fed from a number of different machines (which are often spread across a number of different casinos) means these progressive jackpots can quickly grow to be very large indeed. I have heard of casinos in Las Vegas where slots players have won over $8 million in a single win on a progressive jackpot.
How Progressive Jackpots Work
Progressive Jackpots grow by skimming an amount of money from each and every bet; this means that their payout rate on normal wins (non jackpot wins) is lower than that of a regular slots machine. However if you take the progressive jackpot into account the payout would be the same.
For example if you were playing at a Las Vegas casino on a linked progressive slots machine with a fixed $5 bet per spin. Your money could be divided as follows, 25 cents adds to the progressive jackpot, $1.25 goes to the casino and the remaining $3.50 is paid out in non jackpot wins. If however you were playing a non progressive slots game at that same casino it is likely that your money would be divided as follows. $1.25 to the casino and $3.75 paid out on wins.
The example above assumes the casino has a 75% payout rate, in reality slots at land based casinos typically have payout rates ranging from 70% up to 87%. This is in stark contrast to the online casinos which typically have payout rates from 89% up to as much as 99.5%!
So at a typical online casino with a 95% pay out rate the money you pay in for a $5 per spin online progressive jackpot slots would be divided up something like this. $0.25 for the online casino, $0.25 added to the progressive jackpot and the remaining $4.50 is paid out in non jackpot winnings.
Given these statistics it is not hard to see why many hard core slots players are now playing online from their computers.
Online Progressive Jackpot games
So apart from the free drinks playing online sounds more favourable as a player (in that you should win more). However I have already said how large jackpots can be at land based casinos so your next question is no doubt going to be just how large are progressive jackpots at online casinos? The answer to that is that they are growing all the time, the current record is $1.76 million and interestingly the exact same slot machine that paid that out in December 2005 currently has a Jackpot of over $3.6 Million and still rising! The slots game in question is millionaires club progressive jackpot slot and when this jackpot is eventually won it is going to set a new record for being the highest progressive slots jackpot of any online casino to date.
I have no doubt that even after that has been won a new record will be set within a space of less than a year, the rate at which progressive jackpots online are growing is amazing, only a couple of years ago a jackpot of a little over $1 million held the record. It is my opinion that sometime within the next couple of years the highest jackpots will be being paid out from the online casinos.
So how do you pick a winner?
Choosing which progressive jackpot to play is really not all that complicated. Once you know what the progressive jackpot starts at, what its highest payout was and what its average payout amount is. There are a number of slots sites that give you this information including any of the progressive jackpot reviews at slotsjam.com.
Obviously once the jackpot in question is higher than it’s historical average the chances of it paying out are greatly increased, and if it goes higher than its previous highest payout your chances are further increased again. So if you are chasing the biggest jackpots don’t play the games just after the jackpot has been won instead wait until after that games historical average payout has been passed for the best chance of winning big.
In the beginning there were no such thing as progressive slots; they only became possible in the early 1980’s when microchips were added to slots machines. Even then it wasn’t until March of 1986 that the first multi site linked progressive slot machines were introduced by the slot machine manufacturer IGT.
Having the same jackpot being fed from a number of different machines (which are often spread across a number of different casinos) means these progressive jackpots can quickly grow to be very large indeed. I have heard of casinos in Las Vegas where slots players have won over $8 million in a single win on a progressive jackpot.
How Progressive Jackpots Work
Progressive Jackpots grow by skimming an amount of money from each and every bet; this means that their payout rate on normal wins (non jackpot wins) is lower than that of a regular slots machine. However if you take the progressive jackpot into account the payout would be the same.
For example if you were playing at a Las Vegas casino on a linked progressive slots machine with a fixed $5 bet per spin. Your money could be divided as follows, 25 cents adds to the progressive jackpot, $1.25 goes to the casino and the remaining $3.50 is paid out in non jackpot wins. If however you were playing a non progressive slots game at that same casino it is likely that your money would be divided as follows. $1.25 to the casino and $3.75 paid out on wins.
The example above assumes the casino has a 75% payout rate, in reality slots at land based casinos typically have payout rates ranging from 70% up to 87%. This is in stark contrast to the online casinos which typically have payout rates from 89% up to as much as 99.5%!
So at a typical online casino with a 95% pay out rate the money you pay in for a $5 per spin online progressive jackpot slots would be divided up something like this. $0.25 for the online casino, $0.25 added to the progressive jackpot and the remaining $4.50 is paid out in non jackpot winnings.
Given these statistics it is not hard to see why many hard core slots players are now playing online from their computers.
Online Progressive Jackpot games
So apart from the free drinks playing online sounds more favourable as a player (in that you should win more). However I have already said how large jackpots can be at land based casinos so your next question is no doubt going to be just how large are progressive jackpots at online casinos? The answer to that is that they are growing all the time, the current record is $1.76 million and interestingly the exact same slot machine that paid that out in December 2005 currently has a Jackpot of over $3.6 Million and still rising! The slots game in question is millionaires club progressive jackpot slot and when this jackpot is eventually won it is going to set a new record for being the highest progressive slots jackpot of any online casino to date.
I have no doubt that even after that has been won a new record will be set within a space of less than a year, the rate at which progressive jackpots online are growing is amazing, only a couple of years ago a jackpot of a little over $1 million held the record. It is my opinion that sometime within the next couple of years the highest jackpots will be being paid out from the online casinos.
So how do you pick a winner?
Choosing which progressive jackpot to play is really not all that complicated. Once you know what the progressive jackpot starts at, what its highest payout was and what its average payout amount is. There are a number of slots sites that give you this information including any of the progressive jackpot reviews at slotsjam.com.
Obviously once the jackpot in question is higher than it’s historical average the chances of it paying out are greatly increased, and if it goes higher than its previous highest payout your chances are further increased again. So if you are chasing the biggest jackpots don’t play the games just after the jackpot has been won instead wait until after that games historical average payout has been passed for the best chance of winning big.
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