Betting slot machine tricks
“Bet Max” is what a regular gambler hears all the time when playing on slot machines. There is a common misconception that if you do not bet the maximum bet every time you will always lose to the casino in the long haul. However, that’s not quite how it works. This strategy can actually increase the odds for you on some specific machines.
Any seasoned slot enthusiast will tell you to stay away from the penny and nickel slot machines because the payouts are very poor. Fortunately, this isn’t really an issue for online slots. All you need to do is to choose whether to bet minimum of maximum coins. You could spend hours wasting away in front of a nickel or penny slot only to find out that the jackpot you hit is not worth the effort. It isn’t half as rewarding as hitting it big on a machine that has higher bet minimums and larger jackpots or prize multipliers. Up the ante and avoid those $0.01-0.05 machines in order to win really big.
The truth is that on the great majority of slots your chances at winning are absolutely the same whether you bet minimum or maximum. The difference is simple: the more you risk, the more you can win on a lucky spin. This is particularly true when it comes to online slots with bonus features and rounds.
All slot machines have a set “volatility.” A high volatility slot machine doesn’t pay out as many wins, but when it does the wins can be huge. In order to take advantage of the exponential size of the multipliers on these high volatility games, it can often be a good idea to bet high.
On the other hand, low and medium volatility slot machines pay out a large amount of smaller wins, and a few big ones. These machines are more about slow and steady winning the race, so you won’t feel the need to bet as high as you can to hit that one huge payout.
But what about those gigantic progressive jackpots? I mean, who doesn’t love the idea of becoming a millionaire in the blink of an eye? From everything I’ve been able to glean, there are two schools of thought on this one (yes, it’s a double-edged sword) depending on your playing philosophy.