Online slots carry a reputation for being extremely risky. They evoke visions of players risking house and clothes just to spin the virtual reels.
That said, some gamblers avoid these games like the plague. They don’t want to become the next person to lose everything through slots.
But are internet slot machines really this hazardous? Or is their risk blown completely out of proportion by the general population?
The following guide discusses the true risk factor behind online games. It also covers ways that you can play internet slots in a rather cheap fashion.
Slots are amongst the most popular casino games throughout the world, both in land-based and online casinos. Slots are almost entirely down to chance, meaning there is very little strategy. Some slots pay out a lot more than others. Slots in pubs might only pay out 65 – 70%. Slots in land-based casinos pay out a little higher at 80 – 90%. Online slots pay out a lot higher, with payout percentages of over 98%! Every spin is random, both winning and losing combinations. The Random Number Generator (RNG) will take care of that.
Why Online Casino Slots Get a Reputation for Being Risky
Real money online slots haven’t drawn their perilous reputation on thin air. Instead, these games feature certain elements that can make them quite risky. Here are the key aspects to watch out for when you play these games.
Volatility alludes to how likely a casino game is to deliver short-term winnings. If a game presents low volatility, then it will see you win quite often. The drawback, though, is that it won’t offer as big of wins.
A game with high volatility, meanwhile, will pay less frequently. The upside is that it will deliver larger payouts and/or more features.
Even when a game features hundreds or thousands of paylines/ways, it might not pay out for several spins in a row.
There’ll also be times where these games provide lots of tiny payouts that don’t even equal your bet size. In either case, you’re taking greater risk due to the high volatility.
Large Maximum Bets
Most internet slots feature of a wide betting range. The average online game presents a minimum bet worth $0.20 and a maximum wager worth $100.
Most gamblers like sticking with the lower end of this spectrum. They fully realize that slots games move fast and can quickly drain their bankroll during in a dry spell.
However, some bettors get carried away and jack up their wagers. They want to maximize their win potential in case they hit a jackpot.
The latter scenario isn’t so bad when a player has thousands of dollars to play slots with. However, it becomes a problem when one only has a few hundred spare dollars.
Fast Game Speed
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Online slots move at a rapid pace compared to most other casino games. You can easily spin the reels 500 times or more in an hour.
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Slots, meanwhile, don’t require much—if any—thought. You just need to select the appropriate betting options, and you’re good to go until you change your mind.
The quick play rate of slot machines makes for exciting action. However, it also pits you against the house edge more.
Here’s an example to show how more spins cause more theoretical losses:
- You spin the reels 500 times per hour.
- You bet $2 per spin.
- The house edge is 4%.
- 500 x 2 x 0.04 = $40 in theoretical losses
Normally, $2 wagers are nothing in the gambling world. You might only be facing a few dollars in theoretical losses with this bet size.
But the speed of slot machines can accelerate your theoretical losses. This situation becomes even more troublesome when you’re hypnotized by the reels (see later).
Buy Bonus Feature
Buy bonus is a betting option that’s come about within the past few years. It enables gamblers to immediately purchase a bonus round for a multiple of their stake.
Here’s an example:
- You’re betting $1 per spin.
- You’re getting tired of playing the base game.
- You activate the buy bonus option.
- Buy bonus costs 80x your stake in this particular slot.
- You must wager $80 total to activate the feature.
Not every developer provides this option. However, some of the hottest slots producers are allowing players to immediately purchase bonuses.
This decision pays off when you experience a great bonus round. However, it hits your bankroll really hard when you don’t win much.
Online slots have a way of making you forget your surroundings. They feature quick play and exciting animations and sound effects when you win.
Developers make slots this way for a reason. Winaday casino no deposit bonus codes september 2019. They want you to think that you’re winning big no matter if the payouts are large or small.
You should pay attention to each prize to see if it’s actually worth more than your original bet. After all, you don’t want to fall for losses disguised as wins (LDWs).
The latter refer to wins that aren’t actually wins in terms or pure profit (e.g. $0.50 payout on $2 spin). However, you may have trouble separating LDWs from real wins based on the fast game speed.
Internet Slots Don’t Have to Be So Dicey
Based on everything covered above, you may think that the odds are heavily against you in online sites. The volatility, fast game speed, and large potential bets all increase the risk factor.
However, you don’t have to take on incredible risk when playing online slots. In fact, these games are actually set up to let you play relatively cheaply.
By using the tips covered in the next section, you can enjoy internet slots with a smaller bankroll. You just need the right know-how and some discipline.
Of course, the latter is hard to come by in some cases. You may be especially tempted to play more slots than you should when stuck in a losing streak.
Again, though, you can avoid such scenarios with the correct knowledge. When sticking with a plan, you’ll be less likely to lose serious money with online slots.
5 Ways You Can Reduce the Online Slots Risk Factor
Internet slots will never be anything close to risk-free. Nevertheless, you can still chase large prizes without betting the farm thanks to the following tips
1 – Play Less Volatile Games
The big attraction to volatile slots is that they offer more features and/or a larger maximum prize. For example, a highly volatile game might provide multiple bonuses and a top prize worth 40,000x your stake.
That said, you might consider less-volatile slot machines—especially when dealing with a smaller bankroll. Low-volatility games offer more-consistent payouts.
Some online slots provide a volatility rating. In the absence of this rating, you can judge the volatility by considering how many bonuses there are and what the maximum prize is worth.
2 – Find Slots With High RTP
Return to player (RTP) doesn’t have as much bearing on your short-term winnings as volatility does. Nevertheless, it plays a small role in how much you can immediately expect to win.
Simply put, games with higher RTP are more likely to pay you extra money. A slot with 97% payback, for example, is more generous than one with 95% RTP.
Most internet slots provide their payout percentages within the information/help screen. If you don’t find the RTP here, you might try googling this information for a specific slot.
3 – Make Sure You Never Bet Too Much Money
The biggest mistake that you can make with slots, or any type of gambling, involves betting more than you can afford. You should never risk money that’s meant for more-important areas of life.
That said, you really want to go through your finances before playing online slots and figure out how much you can afford to lose. If you can only afford a $50 bankroll, then you should stick with this amount.
Of course, you may be able to increase your bankroll by steadily saving money on the side. But in the beginning, you certainly want to stick with a predetermined budget.
4 – Don’t Use the Buy Bonus Feature
Buy bonus is tempting when you’re tired of playing the main game and simply want to skip to free spins, or whatever feature is available. These rounds offer the biggest payouts and most excitement.
However, you pay a hefty cost to purchase the bonus. You typically must spend anywhere between 60x and 100x your stake to activate a feature.
The problem with buy bonus is that it forces you to make a large single bet. You could very easily lose most of the amount you risk if the feature doesn’t produce much.
5 – Take Frequent Breaks
As covered earlier, slots can hypnotize you with their animations, exciting sound effects, and LDWs. Therefore, you may find it difficult to pull yourself away from the reels.
But it’s imperative that you take breaks every now and then. These breaks will slow down your play rate and provide time to think about whether continuing to play is a good idea.
The latter is especially important. Many gamblers lose too much on slots because they get sucked into the games and don’t think about potential losses.
Casino Slots Tips For Winning
Slots might seem like the riskiest games at internet casinos on the surface. However, they don’t have to be this way.
You can lower the risk factor just by taking a few precautions. Most notably, you should place bets that you can comfortably afford.
Don’t think about placing high wagers just to win bigger prizes. Instead, you want to focus on making bets that better align with your bankroll. Additionally, you should avoid buy bonus if you aren’t a wealthy slots player.
Online slots offer no guarantees. Therefore, you want to guard yourself with reasonable bets just in case the slots aren’t being generous on a particular day.
Slot games are among the most popular games in the casino, be it the real or virtual one. You have seen in the movies, those long lines of machines with chairs in front of them, and people sitting behind them, trying their luck. What makes online slot games so interesting is that they come with a wide variety of themes, like the ones on 12play, so anyone can find a game that appeals to them. Slot machines also have fun sounds, various bonus rounds, free spins, and most importantly the ability to make big winnings with a small stake.
Are there any strategies that work, that can make you a master of the slot game? To be honest, not really. Slot games are all about luck and fun and are designed to make a profit for the casino, mostly. The keyword here is “mostly”. This does not mean you can’t play smart and win from time to time. There are certain tips and tricks you can implement, that will increase your chance of winning, and minimize the risk of losing. Here are the top tips and tricks you should stick to if you want to play safe and master an online casino slot.
1. Play free until you learn how to play
The best thing about online casinos is that they let you play for a certain period, for free. Use this wisely. Every good casino will allow you to play free versions of their best games – just for fun and to make sure you get addicted to it. You can’t earn money by doing this, but learning how to play a particular game is much more important here. It will allow you to understand the rules and therefore you will not lose money by placing bets on the game you never even try, or due to unreasonable decisions you make by being an ignorant slot gambler. Learn how to play each game – even though it seems similar to the previous ones you’ve played.
2. Make rational choices when it comes to winning chances – payouts
Many online casinos will try to win you over by offering you very high bonuses and is when the red light in your head should turn on and signalize something suspicious. One good advice is to choose a game with an RTP of 95% at least, or above, if possible. Everything below this number, should not occupy your attention if you plan to win. Making rational choices and being carried away is priceless.
3. Keep track of progressive jackpots on slots
You’ve started playing with the free games first, and have managed to find one that suits you best and offers fair winning chances, there’s also one more thing to pay attention to. This is the progressive jackpot. What it means is there are a couple of different slots connected, or networked, which makes the jackpot increase faster. This is the time to keep in mind the most important rule of gambling and that is – if you don’t place a bet, you can’t expect to win. The higher stakes are transforming into a bigger opportunity to win a jackpot. You might win a jackpot with a lower stake, but this will be a proof you’ve been born under a lucky star. The probability of this is not so realistic, though.
4. Limit your investments
The best tip anyone can give you is to always remain cold-headed, disciplined, and to think rationally. This will prevent you from investing too much. It is, as they say, do not gamble with more than what you are ready to lose. You can even set a daily limit of your investment in a particular game, which will represent a maximum of what you are willing to spend that day. Games can be very addictive and can make you lose track of reality, this is why limits are very important as well as your self-control. Don’t fall under their seductive influence. If it’s not your day, and you’re constantly losing, take a break, if your limit has been reached, just leave the game. You will have more chances in the coming days.
5. Don’t rush to return your lost money right away
This is closely connected to our previous point. But as we mentioned at the beginning of the text, slot games are made to make the profit of the casino. So, never try to win the money you lost on the same day. You will fall into this enchanted circle without an end, which will eventually make your loss a catastrophe. Every winner has to lose sometimes, to learn how to win. Don’t chase your luck, it will eventually find you when the time is right.
6. Use all the things that are offered free
Since a lot of bonuses are offered, use them wisely, and only invest when you have to. Make the best of the bonus given and by being cold headed try to win as much as possible. Do not hesitate to change the casino, so you can get another starting bonus. Sure, there are those loyalty bonuses, but to reach them will take more experience and work, regardless of how tempting they are. Starting bonuses are easy to obtain. Also, keep track of all the casino promotions available. Just, collect information about all of this on time and the odds will turn to your benefit.
7. Hot and cold slots
Certain online casinos, offer so-called “hot and cold slots”. They tell you if a particular slot has paid out a larger amount of money (hot) or a smaller one (cold). Of course, it is more pleasant to play on hot slots and take advantage of their “wave of generosity”, however, certain players specialize in cold slots and believe that they will be the ones to “win” them. Both strategies make sense. It is up to you to decide which strategy to choose.
Online slot games are simply fun and should remain at this level. If you plan to win lots of money and live out of playing slots, think again. It’s not good to expect too much, from a game.