• Best Slot Machines To Win On
• How To Win In Slots
• Understanding Slot Machine To Win
• How To Win On Slot Machines Tips
• Online Slot Machines Win Money
• Best Way Win Slot Machines

A hand pay, if you are unfamiliar with the term, is any jackpot won on any type of gaming machine that is worth over $1,200 in value, if you do win such a jackpot then the slot or gaming machine you are playing will lock up and a casino employee with then pay you out your winnings by hand. Most people wouldn’t play a slot machine that lost 99 times out of 100, though, so slot machine designers added additional, smaller prizes for getting two symbols out of three for certain symbols. And as long as they paid out less in prizes than the odds of hitting those jackpots, then those slots are guaranteed to make a profit in the long run.

A slot machine is generally seen as a solo affair where you compete against the house. But many people also enjoy playing slot machine tournaments, which see you challenge fellow players for prize money.

Slots tourneys offer a nice break from the typical drill of playing against casinos. And what’s fun is that you can win big prizes in these events.

If you’re looking to learn more about slot machine tournaments, keep reading as I discuss how they work, the different types of slots tournaments, where you can find these events and some strategy tips.

Slot Machine Tournament Basics: Buy-ins & Prize Pools

1. Traditional three-reel slot machines commonly have one, three, or five paylines while video slot machines may have 9, 15, 25, or as many as 1024 different paylines. Most accept variable numbers of credits to play, with 1 to 15 credits per line being typical.
2. Most people never win a jackpot from a slot machine. They do frequently win small payouts, over the long term the payouts will usually total about 90%95% of what they have lost. 1.2K views View 2 Upvoters.
3. A SIMPLIFIED SLOT. To see how slots pay less than true odds to give the house an edge, let’s set up an example that’s as streamlined as slot odds can get, a game of the type used in the early decades after Charles Fey invented the three-reel slot machine in 1895.A hypothetical three-reel slot.

Slot Machine Tournament Buy-ins

Many slot machine tournaments require a buy-in.

Most of the buy-in goes towards funding the prize pool. The remaining amount is a fee that goes to the house for running the tourney.

Here’s an example of a slot machine tournament buy-in:

• The entry fee is $10 + $1.
• The $10 portion goes into the prize pool.
• The casino keeps the remaining $1 as a fee.

You get a set number of credits for your buy-in. The credits are a score used to determine paying positions and don’t represent how much money you’ve won in the tournament.

Prize Pool

A prize pool is the amount of money that players are competing for. The prizes are usually weighted towards the top, with the highest finishers taking the largest portion of the prize pool.

Let’s look at a sample prize pool involving a $5,000 tournament:

• 1st –$2,000
• 2nd –$1,000
• 3rd – $750
• 4th – $250
• 5th 14th – $100

Prize pools can either be guaranteed or variable.

A guaranteed prize pool means that the casino must make sure the tournament meets the stated amount, no matter how many players enter. For example, if they guarantee $1,000 and there’s only $800 in prize money, then the casino must cover the remaining $200.

A variable prize pool doesn’t guarantee how much money players can expect to win. Instead, this is entirely up to how many people enter the event.

If 90 people to pay a $10 + $1 buy in, then the tournament prize pool will be worth $900.

What Prizes are Available?

The most common prize in slot machine tournaments is cash. This is especially the case in any tourney where you need to pay a buy in before entering.

Land based casinos can also give out alternative prizes, including free hotel stays, free meals or slots vouchers.

How Do Slot Machine Tournaments Work?

Formats

The rules of a slot machine tournament differ based on the format. One standard format is a timed tournament, where players spin the reels until they reach the time limit.

The winners are determined by who has the most chips when the time is up. Here’s an example of a timed slots tournament:

• Each player receives 1,000 credits to start.
• The tournament lasts for 20 minutes.
• Credits are deducted from your bankroll whenever you spin the reels.
• Credits you win are shown in a separate display.
• Credits aren’t replenished.
• Any credits that you don’t spend are nullified.

Another tournament format is one where you play until your credits run out. The number of credits you have when your chip stack runs out determines your score.

Let’s look at an example of this:

• Each player receives 500 credits to start.
• You spin until your 500 credits are exhausted.
• Credits are deducted every time you spin the reels.
• Credits you win are shown in a separate meter
• You play until all credits are gone.

One more tournament style is a multi-day event that lasts until a predetermined date. An example would be a slots tournament that begins on the first of the month and ends on the last of the month.

These tournaments can be based on either of the two examples above, where you either spin for a certain time limit or until your credits run out.

Multi day slot machine tournaments let you enter multiple times (a.k.a. rebuys) over the course of the event so that you can improve your score. This brings another element of strategy into play, where you have to decide how many rebuys it’s worth spending based on the prize pool.

Start & End Times

The starting time for a slots tourney can vary based on the format. Single day events begin as soon as there are enough people who’ve bought in.

Other tournaments begin regardless of how many entries there are. This is especially the case with multi day tournaments, where people can buy in at any time to try and get the highest score.

The end time also varies based on the format.

A timed tournament begins as soon as the time limit is reached. Tournament officials will then determine the results and who wins prizes.

Credit based tourneys start and end at specific times of the day. Players can enter these events at any time of the day to play for the highest score.

Multi day slot tournaments end at a certain time and date. For example, a tourney could end when the clock strikes midnight at the end of the week or month.

How to Find Rules for Slot Machine Tournaments

Knowing different tournament formats is a good way to start with slots tourneys. I urge you to check out the rules for the specific event that you’re playing.

A land based casino may post the rules and prize pool structure in their establishment and/or on their website. Online casinos post the rules in the section where you sign up for the event.

Again, look up rules before entering and playing in any slot machine tournament. This helps you figure out exactly how you can win a share of the prize money.

Types of Slot Machine Tournaments

Buy-in

We discussed buy-in slot machine tournaments earlier. These events require you to pay a buy-in, with portions of the entry fee going to both the prize pool and casino.

What’s fun about buy-in slots tourneys is that the prize pools are usually larger than other types of events. I’ve seen some online slots tournaments with prize pools worth six figures.

Freerolls

A slot machine freeroll is a tournament that doesn’t require a cash entry fee. Freerolls break down into one of two types:

1. No entry fee at all.
2. Buy in with loyalty points.

The good thing about the first style is that anybody can play without any type of entry. This is great for players who are trying to build a bankroll, yet don’t have cash or points.

One catch, though, is that you normally have to register at the casino before playing.

Online casinos require you to create an account before you’re eligible for these types of freerolls. Land based casinos may ask you to sign up for their mailing list before you’re entered into a free tournament.

This means that you’ll see hundreds or even thousands of players competing for a prize pool worth a couple hundred dollars or less.

The second type of slot machine freeroll requires you to earn loyalty points and spend them on the buy-in. The good thing about these tourneys is that they’re more exclusive and the prize pools are usually larger.

The catch is that you need to play real money slots and earn loyalty points first before you’re eligible to enter these freerolls.

VIP Tournaments

Players must be invited into a VIP slot machine tournament. This means achieving a certain status in the casino’s loyalty program so that you’re eligible to play.

The good thing about VIP slots tournaments is that the prize pools are usually large compared to the number of entrants. The drawback is that you’ll need to play a lot of real money slots to achieve specific VIP status is for these tournaments.

Where Can You Find Slot Machine Tournaments?

Online Casino Slot Tournaments

Internet casinos offer a good mixture of buy-in, freeroll and VIP slot machine tournaments. Note that you must make a real money deposit before you’re eligible to play in the buy in events.

An online casino lobby will feature all of their different slots tourneys. You then scan through the list and find the tournament you wish to play.

Choosing any tourney will bring up various details such as the buy in amount, prize pool, start time, number of registered participants, leaderboard and where you can sign up.

How to Enter Online Slot Machine Tournaments

You need to create an account before you’re eligible to play in either real money tournaments or freerolls. This involves entering details like your name, home address, email, and mobile phone number.

Many freerolls allow you to play for free as long as you’re a registered member. Others require that you have loyalty points or a specific VIP status.

Again, you must make a deposit before playing in the buy-in tournaments. This entails visiting the casino banking section, choosing an available banking option and then funding your account.

Land Based Casino Slot Tournaments

Brick and mortar casinos hold slot tourneys as ways to draw players back into their venues. This means that you’ll find a lot of casino slot machine tournaments where only frequent players are invited.

Land based casinos don’t hold as many buy-in slot tournaments, but you will find these events available on occasion, too.

How to Enter Slot Machine Tournaments

You can sign up for brick and mortar slot machine tournaments at the venue itself. Some casinos might also let you sign up online, too.

Casino slots tourneys feature a limited number of machines. This means that you’ll receive a machine number and play time in order to stagger the entrants.

You need to show up to your assigned machine on time in order to participate. An official may confirm your score when your tournament session is finished.

Slot Machine Tournament Strategy

Slot machine tournaments are much like regular play where there’s not much strategy involved. Nevertheless, there are a few things you can do to influence the results.

Here are a few basic tips that’ll help you succeed:

Tip #1: Hit the Spin Button as Fast as Possible

Given that many slot machine tournaments are timed, the best thing you can do is use all of your credits within the allotted time frame.

This entails pushing spin as quickly as possible. The goal is to exhaust all of your credits before the buzzer so that you don’t leave anything on the table.

Tip #2: Get Your Rest & Take Care of Everything Beforehand

Pushing spin over and over may sound simple, but this can actually be taxing over the course of 20 minutes.

You should get your sleep and make sure to take care of everything before a tournament like eating and staying hydrated.

Tip #3: Ignore the Scoreboard

It’s tempting to check the scoreboard during a tournament to see where you stand, but this is also a waste of precious time that can cost you.

Don’t even worry about the scoreboard while you’re playing. Checking it won’t improve your chances of winning, and it’ll only slow you down.

Tip #4: Practice Bankroll Management

Bankroll management (BRM) is especially crucial in tourneys that let you rebuy, such as the multi-day events. After all, you need to consider how many buy-in’s it’s worth spending to try and move up the leaderboard.

Here’s an example:

• Your bankroll is $200.
• You’re playing in a $5 buy-in tourney with unlimited rebuys.
• This means you have 40 units (200 / 5).
• The top payout is $1,000.
• You decide to cap your number of entries at 5 units.

The amount of units you spend is entirely up to you.

But capping your entries at 5 units ($25) ensures that you don’t blow your entire bankroll on a single event. Meanwhile, it also gives you multiple chances to move up the leaderboard and win money.

Tip #5: Take Advantage of Freerolls

Freerolls are a good way to build your bankroll, especially the ones that you can enter with points or VIP status. You should take advantage of any freeroll with a reasonable ratio of players to prize pool.

Check casino social media pages and watch your mail/email to find freeroll offers. The more you take advantage of, the better chance you have to build your bankroll for cheap.

Conclusion

Slot machines tournaments offer a nice mix of strategy and luck, which is perfect for casual gamblers.

The strategy comes in when considering bankroll management, tournament selection and spinning the reels quick enough. As for luck, slots are better known for this more than any other casino game.

Another good thing about slot machine tournaments is that you can enjoy different formats and styles. Formats include timed and credit based tourneys, while the styles include buy-in, freeroll and invitation events.

Slots machines, as games of chance (rather than skill), are generally more about having fun than they are about making money.

However, there are things you can do to maximize your wins and minimize your losses. For example, by calculating a slot machine’s payout percentage, you can obtain a larger picture idea of how much money you stand to win back. Other tactics include using effective bankroll management techniques, joining a slots club to benefit from its rewards programs, and more.

What Are the Odds of Winning on a Slot Machine?

Slot machine odds used to be easy to calculate. When you’re dealing with three reels, ten symbols on each reel, and a limited pay table, then it’s just a simple math problem. But the rise of electromechanical slot machines and (later) video slots added some complexity to the situation.

How Probability Works

Probability has two meanings. One is the likelihood of whether or not something will happen. The other is the branch of mathematics that calculates that likelihood. To understand the odds as they relate to slot machines (or any other gambling game), you have to understand the basic math behind probability.

Don’t worry though. The math isn’t hard. Probability involves addition, subtraction, multiplication, and division, all of which you learned in middle school.

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The first principle of probability is that every event has a probability of between 0 and 1. If something has no chance of ever happening, then its probability is 0. If something will always happen, no matter what, then its probability is 1.

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Probability is, therefore, always a fraction. It can be expressed in multiple ways, as a decimal, as a fraction, as a percentage, and as odds.

A simple example is a coin flip. The probability of getting heads when you flip a coin is 50%. That’s common sense, but how is it determined mathematically?

You simply take the total number of possible outcomes, and divide the outcome you’re trying to determine the probability of it by that number. There are two possibilities when flipping a coin, heads or tails, but only one of them is heads. That’s 1 divided by 2, which can be expressed as ½, 50%, 0.5, or 1 to 1 odds.

Odds are expressed as the number of ways something won’t happen versus the number of ways that something will happen. For example, if you’re rolling a single six-sided die, and you want to know the odds of rolling a six, you’re looking at 5 to 1 odds. There are five ways to roll something other than a six, and only one way of rolling a six.

When you want to determine the probability of multiple things happening, you use addition or multiplication, depending on whether you want to determine whether one OR the other event will occur, or whether you want to determine whether one event AND the other event will occur.

If you’re looking at an “OR” question, you add the probabilities together. If you’re looking at an “AND” question, you multiply the probabilities by each other.

So if you want to know what the probability of rolling two dice and having one or the other come up with a six, you add the probabilities together. 1/6 + 1/6 = 2/6, which is rounded down to 1/3.

If you want to know the probability of rolling two dice and having BOTH of them come up six, you multiply the probabilities. 1/6 X 1/6 = 1/36.

How Slot Machine Odds USED to Work

Early slot machines were mechanical devices. They had three metal reels that had ten possible stops each.

To calculate the odds of a single symbol appearing on a reel, you just divide the one symbol by the total number of potential outcomes. So if you had one cherry on a reel, your odds of hitting that cherry were 1/10, or 10%.

To calculate the odds of getting three cherries, you multiple 1/10 X 1/10 X 1/10 and get 1/1000, or 0.1%.

If the odds of hitting that symbol are the same as all the others, then you have 10 possible jackpots you can win, which means that your chances of winning SOMETHING are 10/1000, which is 1%.

Most people wouldn’t play a slot machine that lost 99 times out of 100, though, so slot machine designers added additional, smaller prizes for getting two symbols out of three for certain symbols. And as long as they paid out less in prizes than the odds of hitting those jackpots, then those slots are guaranteed to make a profit in the long run.

For example, if a prize for hitting three cherries was $1000, you’d be playing a break-even game, but if the prize were $750, it’s easy to see how the casino would be guaranteed a profit. The difference between the odds of winning and the payout odds is where the casino makes its money.

How Slot Machines Work Now

Modern slot machines use a computer program called a random number generator to determine the outcomes of the various spins of the reels. This creates an imaginary reel with a number of symbols limited only by the program in question.

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A mechanical slot machine with 256 symbols per reel would be huge, too large to play, much less to build. But a computer can create an imaginary reel with 256 symbols per reel and take up no more space than an iPod Shuffle.

To make things even more interesting and entertaining, slot machine designers can program different probabilities for each symbol to come up. Most symbols might come up once every 256 spins, but others might come up twice as often, while still others might only come up half as often.

This enables slot machine designers and casinos to offer slot machine games with far larger jackpots than they were able to when they were limited by mechanical reels. And they’re able to offer these large jackpots and still generate a healthy profit.

How Does This Relate to Payback Percentages?

The payback percentage is the amount of money that the slot machine is designed to pay out over an enormous number of spins. This number is almost always less than 100%. The difference between 100% and the payback percentage is the house edge, and that’s where the casino makes its profits.

A simple example can help illustrate how this works. Suppose you have a slot machine with three reels with ten symbols on each, and it only pays out when three cherries hit. The odds of winning that jackpot, as we determined earlier, is 1/1000.

If we set the jackpot as $900, and charge $1 per bet, the payout percentage for that game will be 90%, or $900/$1000. Of course, no one would play a slots game which only paid out once in every 1000 spins, which is why there are various smaller payouts programmed in.

There’s no way to tell what the payback percentage on a particular game is unless you have access to the par sheet for that machine. Casino management has that information, but players never have access to that info.

The best slot machine odds are almost always found in real casinos. If you see slot machines in an airport or a bar, be aware that the payback percentages on those games is much lower than you’ll see in a real casino.

How to Win at Slot Machines

Everyone would like to know how to win at slots, but the truth is that winning at slot machines isn’t any harder than losing at slot machines. You put your money in the machine, spin the reels, and hope for the best. Slot machines are meant to be fun; they’re not intended to provide the player with an income.

In fact, the reality is just the opposite. Slots are there to provide the casino owners with an income. How that works is one of the subjects of this page.

On the other hand, you can minimize your losses and increase your enjoyment of slots games by understanding how they work. You can also learn which slots pay back the most money. In the long run, the house will still have an edge over you, but understanding how much you can expect to lose in a given venue can help you make better bankroll management decisions.

In fact, it might be a good idea to modify you definition of “winning at slots”. Instead of considering yourself a winner if you bring home a big profit, consider yourself a winner any time you played and had a lot of fun.

How Slots Work

All slot machines in modern casinos use a random number generator (an “RNG) to determine the results of each spin. An RNG is a tiny computer that does nothing but constantly generate numbers. When you push the spin button, that microcomputer selects a number which determines the outcome. In fact, this happens before the reels have even stopped spinning.

On modern slot machines, the reels are just there for show. From a practical standpoint, you could put a quarter in a machine, push a button, and have the screen flash: “You lose!” or “You win $10”. The mechanism that determined the outcome would be the same, but who would want to play a game like that, especially if you know that the house has a mathematical edge over the player.

The spinning reels, the sound effects, and the bonus games are all there to make the game more interesting to play. If you don’t like the artwork, the music, or any other aspect of a slots game, don’t bother playing it, because those are the real rewards of playing. The chance of getting lucky and winning a jackpot is a real reward, too, but don’t ignore the other aspects of the game.

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The random number generator is programmed to pay back a certain percentage of the money paid into it over a period of time. This period of time is known in gambling math as “the long run”, and it’s a lot longer than most people think. We’re talking about tens of thousands of spins, not dozens or hundreds.

This percentage that’s programmed into these machines is always less than 100%. If a slots game were programmed to pay back more than 100% of the money put into it, it would lose money for the casino.

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Casinos aren’t in business to lose money.

The trick is to find slot machines that have the highest payout percentages.

Which Slots Pay Back the Most Money

If every slot machine game in the world had a payback percentage posted on the machine somewhere, it would be easy to determine which slots pay back the most money. You could limit your play to machines with a payback percentage of over 95% for example.

It’s too bad casinos don’t provide that information on specific games, though.

You can find information about specific locations and their payback percentages, though. Some gambling guides and magazines publish this information. For example, The American Casino Guide provides certified information about the payout percentages in various states. Not all states reveal this information, but it’s not a huge leap of logic to expect better payback percentages in states that do reveal this information.

For example, the overall payback percentage for slots in Black Hawk, Colorado is 92.8%. In Central City, Colorado, it’s 92.93%, and in Cripple Creek, it’s 93.66%. Alabama doesn’t release the numbers on their payback percentages.

Which casinos do you think offer the better game?

A couple of guidelines hold true no matter where you play, though. One of those is that payouts are better in large cities with lots of gambling. For example, the payouts in Vegas are higher overall than the payouts in Colorado. And the payouts improve when you play for higher stakes. For example, penny slots in Vegas average around 88% to 91%, but dollars slots average between 93% and 96%. Finally, slot machines at airports usually offer the lowest payouts.

What does that mean for the player? It means that over the long run, if you wager $x on a particular game, you’ll win back $x times the payback percentage for that machine. If you’re playing a dollar slot machine on the Strip in Las Vegas, for example, and the payout percentage is around 93%, then if you place $10,000 in wagers, you’ll win back $9300. You lost $700.

That’s only a long term mathematical expectation, though. In the short run, anything can happen, and that’s what keeps people playing.

How To Win On Slot Machines Tips

How to Maximize Your Winnings and Minimize Your Losses

There are three ways to maximize your winnings and minimize your losses. The first is to always join the slots club, and always use your member card while you play. Slots club members get a percentage of their play returned to them in the form of casino rewards and cash back. This is normally a tiny percentage (think 0.1% or 0.2%), but it adds up, especially if you play a lot.

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Don’t buy into the myth that playing with your slots club card lowers your expected return on the game, either. That’s not true. The random number generator in these games has no way of knowing whether or not you’re using your slots club card or not.

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The second way to increase your winnings and minimize your losses is to use effective bankroll management techniques. This means limiting the amount of time that you play, limiting the amount of money that you’re willing to lose in any session and in any given gambling trip, and finding other fun things to do with your time besides just playing the slots.

Finally, try to play the machines with the highest payout percentage. Over the long run, if you keep playing, you’ll probably eventually wind up a loser at the slots (unless you hit a huge progressive jackpot), but you’ll lose your money more slowly and get more entertainment value for the money you gambled.