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Losing in slots is far from uncommon. Gta online casino heist silent and sneaky best entrance. In fact, gamblers lose way more money on slot machines than anything else in the casino.
The main reason why slots take the most money from players is because they’re more popular than any other casino game. However, popularity isn’t the only reason why slot machines drain bankrolls so quickly.
If you lose money with these games, don’t feel bad. You’re among millions of gamblers who count slots as their Achilles heel.
But then again, you don’t have to be exactly like these other players. All you need to do is identify the main reasons why you’re losing in slots and fix the problems.
I’m going to discuss seven likely reasons why you’re losing and what you can do to change things around.
1 – Choosing Low-Paying Slots Games
Return to player (RTP) determines how much a slot machine is programmed to pay back in the long run. Higher RTP means that you have a better chance of winning.
As important as this concept is, though, many gamblers completely overlook RTP. Even if they know what this term stands for, they may still ignore payback and simply choose games based on the themes, graphics, and features.
You should definitely pick slot machines that you find entertaining. After all, the entire point of playing slots is to get the most entertainment possible.
But you should at least be mindful of payout percentages and what they mean for your bankroll. Below, you can see a comparison between two slots and how much you’d theoretically win playing each one.
- Slot A offers 95% RTP (5% house edge)
- You bet $1,000 on this game
- 1,000 x 0.95 = $950 in theoretical winnings with Slot A
- Slot B offers 90% RTP (10% house edge)
- You bet $1,000 on this game
- 1,000 x 0.90 = $900 in theoretical winnings with Slot B
RTP isn’t the only determinant in how you’ll fare with a particular slot machine (see volatility). However, you should obviously still consider games that give you the best chance to win.
2 – Playing at Too Fast of a Rate
Slots move faster than any other casino game. These machines allow players to perform 500 or more spins per hour.
This setup makes for constant action and stimulation. However, it also puts your bankroll against the house edge more often.
You might look at a $10 blackjack table, for example, and see an expensive game. But what’s not accounted for is that the average land-based blackjack table only sees 60-90 hand per hour.
Betting $1 per spin on a slot machine doesn’t seem so expensive compared to a $10 minimum blackjack wager. This thought goes out the window, though, when you’re performing 600 to 700 spins an hour.
You also have to figure that slot machines have a higher house edge than most other games. This fast play rate combined with a larger house advantage can lead to serious losses.
Here’s a comparison between a land-based blackjack table and slot machine regarding losses:
- You bet $1 per spin on a slot machine
- You bet $1 per spin on a slot machine
- You perform 600 spins in an hour
- The game has a 7% house edge
- 600 x 1 x 0.07 = $42 in theoretical slots losses
- You bet $10 per hand at a blackjack table
- You play 60 hands in an hour
- The blackjack game has a 1.5% house edge
- 60 x 10 x 0.015 = $9 in theoretical losses
3 – Chasing Comps
Many gamblers see comps as one of the most rewarding parts of playing slots. After all, who doesn’t love getting a free meal after a long session?
You’re certainly in the right to pick up these rewards whenever you play slot machines. But you should never get so caught up in comps that you start playing longer just to earn them.
Gambling comps aren’t all they’re cracked up to be. In fact, your theoretical losses will be much greater than the rewards are worth.
Here’s an example:
- You bet $2,000 on a slot machine
- The comp rate is 0.1%
- 2,000 x 0.001 = $2 in rewards
- The game’s house edge is 5%
- 2,000 x 0.05 = $100 in theoretical losses
- 100 / 2 = 50
- The theoretical losses are 50x higher than the comps
You can see above that you’re only getting a 0.1% comp rate, which is common in both land-based and online casinos.
I’d like to see gambling establishments raise the rate to better reflect the high house advantage with most slots. 0.2% or 0.3% seems more reasonable when considering that slot machines have a big house edge.
Actually, these rates used to be common in casinos up until the 2000s. Unfortunately, gambling venues are much stingier with rewards.
That said, you should never extend a session just to upgrade to a free hotel room or lobster dinner. You’re better off paying for these items outright, rather than playing to earn them.
4 – Playing Too Much in Land-Based Casinos
One big reason to play slot machines in a land-based casino is the atmosphere. You can enjoy the sights and sounds of the casino while you’re spinning the reels.
Brick-and-mortar venues are also great for when you want to play slot machines with your buddies. Your group can spin the reels for a few hours, then go get a meal afterward.
The biggest problem with playing in land-based casinos, though, is that slot machines carry a bigger house edge on average. You’re normally dealing with between a 5% and 12% house advantage at brick-and-mortar establishments.
The size of the casino’s advantage often depends upon the coin denomination. Penny and nickel slots don’t pay as much on average as quarter, dollar, and $5 games.
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Of course, you shouldn’t be forced to spend $1 or $5 every round just to enjoy better RTP. Unfortunately, this is the reality of land-based casinos.
5 – Playing Highly Volatile Slots
Volatility is the measure of how results are disbursed in relation to a statistical average. A highly volatile casino game will see results vary wildly from the stated RTP, while a low-volatility game will have evener results.
Slot machines definitely fall into the high-volatility category. They feature some of the most uneven results possible. You may find yourself winning lots of big payouts in one session, only to quickly lose all of your money the next time at the casino.
They offer large prizes at the top, which creates an uneven pay structure.
Given the jackpots, these games must be programmed to pay out less often to make up for large prizes. Therefore, you’re not going to win as much with a slot machine as you would with baccarat.
You have to be perfectly fine with the fact that you’re going to experience long dry spells with slots. But even when you’re comfortable with this fact, you may still become frustrated after losing again and again.
6 – Falling Into the Slots Trance
Slot machines are sometimes referred to as the “crack cocaine of gambling” by mainstream media outlets. This description goes a little too far, but it does describe their addictive qualities.
Slots can actually put certain players into a trance where they forget their surroundings and only think about what happens on the reels. Research confirms that problem gamblers describe being in a trance-like state when spinning the reels.
Everything from the entertaining animations to vibrant sounds keep players glued to these games. Gamblers get so engrossed in the entertainment aspect that they don’t think about how much money they’re betting or the amount of time that’s gone by.
Losses disguised as wins (LDWs) are another factor that keeps players engaged with slot machines. An LDW refers to a payout that’s smaller than their bet size.
For example, anybody can logically see that a $0.50 prize doesn’t equal a $1 bet. But slot machines have a way of deceiving players into subconsciously believing that they’re winning.
Payouts — large or small — are accompanied by triumphant sound effects and flashing lights. Combining these theatrics with the fast play rate, a gambler can quickly lose track of when they’re actually winning and losing.
Slots developers have gotten pretty good at knowing what elements keep people playing slot machines. Unfortunately, some gamblers haven’t caught on to their game.
7 – Ignoring Bankroll Management
Bankroll management (BRM) refers to developing a money management strategy for your gambling sessions. BRM is especially helpful with slot machines when considering everything we’ve covered so far.
A good plan helps you factor in the quick play rate and high volatility of slot machines. You can therefore budget appropriately and avoid betting more money than you originally planned.
The sad thing, though, is that far too many slots players ignore the concept of bankroll management. They simply spin the reels as quickly as possible and don’t want to worry about how to best handle their funds.
This strategy is perfectly fine for anybody who’s got a lot of money and doesn’t care how much they lose on slots. But it doesn’t typically go over well for the average person.
How Can You Fix Your Slots Issues?
You can’t magically make slot machines pay more money or have less volatility, but you can take steps to minimize your losses and make your slots sessions memorable rather than miserable.
Each problem described above has a solution that can minimize losses. Here are some key strategies that will help extend your bankroll and give you more entertainment out of slot machines.
Research Slots RTP
Due to how volatile slot machines are, you can’t expect most of them to reach their stated RTP in a given session. But if you’re somebody who plays a lot of slots, then you want to consistently choose games with high payback.
Doing so ensures that you have a stronger chance of winning in the long term. The only question becomes how you go about researching RTP.
This matter is actually easy with online slots because there’s a lot of information available on payout percentages. You can often find the RTP for a given slot, or even a list of the highest-paying games.
If you’re playing Rival Gaming’s Dr. Magoo, for example, you can simply Google “Dr. Magoo RTP.” You’ll quickly find that it offers 97.0% RTP.
However, you’ll find this information for the vast majority of internet slots.
The same can’t be said of land-based games. Casinos can order different payout percentages, which means that developers don’t offer uniform RTP for each game.
As mentioned before, your only tool is to look at the coin denomination and make a guess. $5 and $25 slots pay the highest, often delivering between 95% and 98% RTP.
Dollar, quarter, and nickel slots usually pay between 94% and 96% RTP. Penny slots machines are the worst, normally only offering from 88% to 91% payback.
If you’re in the mood to bet more per spin, you might as well go with the higher coin denominations due to the better RTP.
Play Online Slots More
I just described how you’ll have an easier time finding payout percentages for internet slots, but this isn’t the only reason why you want to play these games more often.
Online slots generally, offer higher payback on average and feature lower stakes. The average internet slot offers around 95% RTP, regardless of whether you’re betting a penny or dollar on each line.
Some games, such as Mega Joker and Ugga Bugga, deliver over 99% RTP. This payback puts these games up there with baccarat, blackjack, and French roulette in terms of your odds of winning.
You still have to factor in the quicker play rates and volatility, but you can at least expect a higher chance of winning per spin when picking online slots over their land-based counterparts.
Don’t Chase Comps
Slots comps can be misleading and feel like they’re worth more than they really are. Sure, it’s nice to earn a free steak dinner or cashback.
But these rewards suddenly don’t seem so great when considering that your theoretical losses can be 50x higher than what they’re worth.
In the end, you want to play slot machines normally and let the rewards come as they may be. You should never make a concentrated effort to play slots just to keep picking up more rewards.
Understand Volatility
Volatility is one of the most underrated concepts when it comes to slot machines. Many players either don’t know about it or completely dismiss it when picking games.
But you should never ignore volatility; it plays a big role in your immediate winnings. Moreover, slots with low volatility will see you earn more payouts on average.
Low-volatility slots typically feature smaller jackpots and fewer bonus features. While these aspects may be turnoffs, you also have to consider that such games can afford to pay more frequently.
They don’t have to hold back wins in anticipation of somebody hitting a huge jackpot or earning lots of bonus money. Instead, these slots feature a more consistent payout structure due to the smaller chances of somebody winning big.
You may still find it more exciting to play slots with huge jackpots and/or multiple features, but just be aware that you probably won’t win as frequently with these games.
Set Up Your Bankroll
Bankroll management isn’t the most exciting thing, but it definitely pays off in the long run. Having a detailed plan for your slots funds helps you avoid betting too much money and enjoy more sessions.
You may think that BRM is a long process and be put off the matter. However, you can actually come up with a good bankroll plan in a matter of minutes.
Any money set aside should not be needed to pay bills and other expenses.
The next matter is to figure out how much you’ll theoretically lose per hour. Losses depend upon multiple factors, including your play rate, volatility, and RTP.
But if you’re playing at a reasonable speed and don’t hit any huge payouts, then you can often expect to lose between 200 and 300 bets per hour.
The final step is to consider how much you’re going to be risking on average. If you typically bet $0.25 per spin, then this would be your variable.
Here’s an example on putting all this information together to formulate a bankroll management plan:
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- You have a $1,000 bankroll
- You bet $0.25 per spin
- 1,000 / 0.25 = 4,000 total bets
- You lose 200 bets per hour
- 4,000 / 200 = 20
- Your bankroll will theoretically last for 20 hours
This example only provides a theoretical guess on how long your bankroll will last. Plus, you could either win big or lose at an accelerated rate.
But knowing this info at least gives you an idea of how long you can expect to play slots with a certain amount of money.
Set Your Phone Alarm to Break Your Concentration
Even when you know about the trances that slots players can fall into, it’s still difficult to avoid this zone 100% of the time. That said, you should take precautions to ensure you don’t become too engrossed in a game.
An easy way to do this is by setting your phone alarm for scheduled breaks. You can input multiple alarms in your smartphone, which will go off at different intervals and break your concentration.
You’d be hard-pressed to ignore a shrill alarm sound while you’re playing slots. Once you shut off the alarm, you can get up and move around the casino to take a break.
This process will not only clear your mind but also make sure that you’re not mindlessly staring at the reels and ignoring everything else in the casino.
Conclusion
Losing with slot machines is rarely attributed to just one reason. Instead, you can see where multiple problems can weigh into the matter.
First off, many players fail to properly research RTP, but this research can easily be performed with online slots, which offer publicly available payout percentages.
Land-based casinos don’t have RTP figures for individual games. However, you can make vague assumptions based on the coin denomination size.
Keep in mind that land-based slot machines aren’t the best in terms of payback anyway. They have higher house edges and can cause greater losses.
A fast play rate can also lead to larger losses. Most players spin the reels somewhere between 500 and 700 times per hour.
This speed gets costly, even when you’re only betting $1 per spin or less. You should take a few breaks to slow your play rate and get your mind off the machines for a while.
You also want to avoid chasing comps. These rewards are nice bonuses on top of your play, but they’re not worth quite what they seem.
Slot machines are among the most volatile games in the casino, which means you must be prepared to suffer wild swings. You can play games with smaller jackpots and fewer bonus features to reduce volatility in most cases.
You should also consider adopting a bankroll management plan. BRM will help you remain responsible while playing slots and avoid gambling too much in any single session.
Unfortunately, you can’t force slot machines to change with regard to payback or volatility, but you can follow the tips listed here to minimize your losses until you hopefully hit a jackpot or two.
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What is RTP?
You have probably heard this term already. It is the ‘return to player rate.’ It is often written in percentages and means the amount of money you will earn back for every dollar, pound or euro you wager. For example, if the RTP is 70%, then you will get 70 cents for every pound, euro or dollar. Online casinos do not usually publish their figures, but you can learn all about the RTP for all your favorite online slot games and sites on review and comparison websites. Experienced players are seeking for an RTP of 95% or higher. Another term you will often read and hear about when playing at slot sites is the volatility or variance. This concept is related to how often slot sites pay out and how much. If the volatility is low, that means the games are less risky and pay lower amounts. In the opposite case, high volatility means higher risk, less frequent payments, but much higher amounts.Online Slots
If you want to feel the thrill of Vegas and play for free, you are at the right place. In this section, we will tell you more about the types of slots and ways to play. If you are a fan of brick-and-mortar casinos and you are used to playing like that, you will have no problem adapting to the online versions. The steps are the same: you bet money, select your pay lines and bet and hit the spin button. If you try them once or twice, you will see that online slot games are a lot more convenient. It takes you seconds to swap machines; you do not need to worry if someone else is playing on your favorite slot, no need to sit and wait. You can even swap casinos if you want to. Online casinos are cheaper to deposit, and if you do not want to do that, you can also test play for free. The bottom line is that online slots are the same as brick-and-mortar slots, but offer convenience, additional benefits, and great user experience. If you are a fan of these machines, we recommend you giving their online versions a shot. For a graphic view of our site summary, take a look at our graphic.Big Variety
Online slots sites are very flexible, and they have improved fast over the past year. Big names like Buffalo Slots, Bier Haus, Triple Diamond ( a most popular game we have), Zeus, Kronos, Sugar Pop and even the brand new Novomatic games have joined the online slots family. Online slots are becoming more and more popular on the web. Up until recently, there were no genuine online casinos online, meaning the games and brands you would play in Las Vegas or local casinos. Now you can play some of the best Las Vegas slots online, a lot of classic ones and some you have never seen before. For example, the great Buffalo slot game – still popular, it is just an amazing game with all its features, sound effects and bonus free spin game. Other new games you can play which are also very popular in the biggest casinos in Las Vegas and Atlantic City are Where’s The Gold and Big Ben by Aristocrat Gaming as well as Queen of The Nile. Among the new favorite slot sites games are also Little Red Riding Hood, the Goldfish slot machine a well as Zuma. Zuma is available in Las Vegas, but there will be a lot more variations coming out. There are also the two video legends which have transitioned from 3 to 5 reel slots – Cleopatra, Monopoly, and Wheel of Fortune. Have you been in a casino and not trying these? If you are a fan of the 3-reel slot machine games, you will not be disappointed. The classic reel games offer simplicity and a real feeling of adrenalin when the reel starts to line up. The mechanical three reel slot games are still massively important in Las Vegas, but they are also popular online. If you are a fan of these variations, check Double Diamond and Triple Diamond. These have the same sound effects and look and feel as the original slots.Advantages
But why play online slots on the desktop? You might ask. Well, they have many advantages over the games in the casino, you can play them from anywhere and just for fun without having to pay any money. To play online slots, all you need to do is just click on the spin button and enjoy instant games that are there to play anytime, whenever you want without the need to travel, with no smoke and no hassle. On this page, we are giving you suggestions and more information about the different games you can play. We will explain the types of slots, how the mobile slots work and where you can play for free.Types of Games at Slots Sites
Online you will find the same types of slot machines that you play live. Here are the most popular options:- Classic Slots – These are the slots everybody has seen – the classic 3-reel slots. There are multiple payouts; they look just the same as the mechanical ones, and you can even pull the handle on the side.
- Video Slots – These are like a video game. You can play a 5,7 or even 9-reel variety. There are multiple lines, bonus reels, and rounds. Some of the most popular video slots are WMS’ Goldfish, Bally’s Quick Hit, IGT’s White Orchid.
- Progressive slots – This is where millions are made. You pay the full amount, and the big jackpot is comprised of a portion of the wagers of all players. This is how the pool is ever-growing, reaching staggering amounts. There is a special combination you will need to hit to win that jackpot. It will grow until some lucky player gets the winning combination.
- 3D Slots – These are similar to the video slots, but with a better feel. You get a 3-dimensional, more in-depth look.
Mobile Slots
Mobile is growing rapidly in popularity, and the mobile gaming industry is expected to grow even more in the next years. Online gambling and slot sites are not an exception. With more than 13 million people playing casino games every month the industry is doing well. As more and more people use their mobile devices to browse the internet, it makes sense to play on the go on slot sites with your phone or tablet, too. It is not always possible to go to your local casino, let alone destinations like Las Vegas. You cannot just take a slot machine with you everywhere you go. So, playing on your mobile device is the next best thing. And fortunately for all passionate players, slots are the majority of games at each casino. You can play slots on an iPhone, iPad, Android or Windows device. As the industry grows, there will only be more compatible slots apps available. Getting started is real simple. You either download the app from the app store or the casino or play directly in your browser. Some casinos offer the option to download the slot game via a QR code or test message. Check more details at the site of your casino of choice. Usually, on the site, you will find a list of devices the app is compatible with if they offer a free option, etc. If you already have an account at the online casino website, you do not need a new registration for the mobile version. Enter the credentials of your existing account and enjoy the game.Free Slots
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One of the biggest differences between online slot sites and their brick-and-mortar counterparts (at various countries) is that online you can play for free. Online casinos can offer free games because they do not have many of the limitations brick-and-mortar ones have, like space for example. So, you are not taking the place of any paying customer, and it does not cost the casino anything extra to allow you to play gratis. Their idea is that if you play long for free, in you might consider becoming a paying customer. Most of the slot games, variations and themes are available in a free version including the big names like Twilight Zone, Star Trek, and Monopoly.Free Games
The free games include 3-reel slots, games with bonus rounds, video slots and much more. Progressive slots are the only ones you cannot play for free. That is because the jackpot is comprised by part of every deposit made. Many of them are part of a network, and they cannot have a jackpot triggered by free money spins. But why play for free? Doesn’t that remove the thrill of playing? Everyone have their reasons. Playing for free is a good way to test the casino software – is it fast enough, does it work well, and do they have the games and themes you are looking for? Other people may not trust online casinos, or they just want to enjoy the game without gambling. Sometimes the free online slots sites do not offer such a large selection of games. If you are looking for a wider range of online slot games, then you can register with some online casinos. They offer a much bigger selection of games. However, you need to be careful when choosing an online casino. It has to have a license, good reviews online, to allow you to cash out winnings, to have generous bonus offers and of course a great user experience.Find the Proper Site for You Depending on Your Country
Are you new to the world of casinos? If you are you are probably wondering about the legal status of your country of residence. If that is the case, we advise you to head on to one of our dedicated pages and find out all of the information you need. You will read about legality, licenses, and which are the top sites in that particular area. Moreover, if they do not suit your specific needs, you will learn how to pick the trustworthy sites by avoiding the unreliable ones.Casino Sites Sorted by Country
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Playing at slot sites is very easy, you just click and play without problems. However, some people do have problems when playing. Here are some suggestions to solve the most popular issues reported by users.- Re-load the page if it is not loading properly.
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Stay Tuned With Us for Latest Online Slots Games and Updates!
We are updating our best slot sites list, so check this page often. We aim at helping you get the best gaming experience on the web. When you are playing at the top online slots, every bet counts and bring you closer to the prize. We always bring you the best online slot sites, the top rated titles with the biggest jackpots and the most exciting games.Slots Websites Video Summary
Progressive Jackpot Slot Games FAQ
You could win a million dollar, euro or pounds jackpot in an instant, when playing progressive jackpot online slot games. For the jackpot to grow to great numbers, there need to be a lot of players and quite a lot of play time. For those who are interested in cards, there are progressive poker games online. If you want to play progressive slots for the first time, you will probably have some questions. Below you will find the most frequently asked questions slot players have and an expert answer for each one of the questions.What is the highest jackpot ever won?
The highest PJ that has ever been won and paid out at online Slot Sites was just over 17 million euros. It was won on the Mega Fortune slot game which you can find in many casinos using the NetEnt gaming platform.What type of PJ slots can you play online?
Most of the three reel online slot games offer a progressive jackpot. We hope to see any Fruit Machine offering such jackpots.How can I increase my chance of winning?
The first step is to start playing progressive slots, the more you play, the higher the chances of winning the big jackpot. When you play randomly then you have the same chance of winning a standard jackpot. The more spins you play, the more chances, you will have, plus the jackpot is growing as well.Best Slots On Ignition Reddit
What are the payout percentages of progressive slots games?
Most games at slots sites use the players’ stakes to feed the progressive jackpot, but the percentage of the stake amount used for the purpose differs from slot game to slot game. This makes the base game payout percentage on progressive slot game lower than that on other types of non-progressive games. Keep that in mind when playing. The way to end a session with a high payout percentage when playing progressive slots is to win the jackpot.Why can’t I play progressive slots with a bonus?
As already mentioned above a small amount of players stakes playing any progressive jackpot slot are added to the jackpot prize pool at the slot sites. Since bonuses are usually given away for free as a kind of promotion, so that new or loyal customers can play for free there is no cash to feed the jackpot. Operators and Networks will need a lot of money to feed the progressive jackpots themselves if they let players use their bonuses to play these slot games. This is why finding a casino offering bonuses that can be used on progressive slot games is rare and quite unusual. This is because the jackpot is usually won at another casino site and not the one you are playing at.What are the odds to win a progressive jackpot?
This depends on the type of slot game you play. For example with many millions of possible reel symbol combinations, the odds of winning are in the millions to one range. So you should play progressive slots without being obsessed with winning the big jackpot. Look at the progressive jackpot as a rare bonus payout.Which slot games pay their jackpots regularly?
You can win the most jackpots at progressive Slot Sites games which have several of them. Some of these types of games will award their two lowest jackpots every few minutes. Such slots are the Mega Moolah series from Microgaming, Marvel Jackpot and other slots themes available at online casinos powered by the Playtech software.What are random jackpots?
Random jackpot games online are growing in number. They share a similar playing structure, and that is that the progressive jackpots are awarded to players at a random principle. So, there is basically no need to have any type of winning reel symbol combination lined up on the pay lines to be a lucky winner. At these games, you either win instantly at the end of any paid for the spin of the reels, or you need to play a bonus game first. This guarantees that you will win one of the progressive jackpots offered if the game actually has more of them.Additional Information
Look at the additional links for more information about the topic. We hope you enjoy the online slots sites and games we recommended. Good luck!- How Often Do Gamblers Really Win? (Answers on the Real Odds for Gambling)
- How the Brain Gets Addicted to Gambling (Gambling can Rewire the Neural Circuits)
- Slots’ design Make you Think you have Won (Questions – How the Slots lead to Addiction)