Playing Online Slots: The Truth Behind The Game

Playing slot games are by far some of the easiest and most entertaining games found at land-based casinos and online casinos alike. When it comes to games such as slots, it offers instant gratification. There is no need for players to wait a long time to find out if they have won or lost. Additionally, progressive jackpot slots offer players a chance to win huge sums of money by enjoying the same slot game that they are used to with a large reward for trying their luck.

The ease of the game and its variants makes it easy for players to get hooked on what it has to offer. In a world where online gaming has spread online slots to many more gamblers around the world, it is important to know the signs of when gambling becomes less of a hobby and more of a problem. Here, we will be taking a look at how the game can affect players, lessons learned from irresponsible gaming and how the house edge is something to be seriously considered when gambling online.

The Payout Percentage for Slots

This ties directly into the house edge and what contribution players make to the upkeep of a casino and the chances of the player winning. When it comes to reviewing casinos as well as the games on offer, players will often see “RTP” which is the return to player percentage. It is an average of how often players are able to win and up to how much could be won.

A good example is when a slot review states that a game has an RTP percentage of 96%. When players see this, they need to understand that if one dollar is spent then you could win up to 96 cents. The remaining 4 cents is what is a hidden fee that makes slots lucrative. While you can almost win back everything you bet in the first place, there is a nominal fee that is paid into the casino.

These funds are what casinos make in profit from slot games. When looking at land-based and online casinos, it is no wonder that there are always more slots available than any other type of game. While the house edge is low, there are many more people engaged and playing online slots that it becomes more lucrative than any other game at the casino in the long term.

The Payout Percentage for Slots

Experiment to Simulate Payout Percentages

Players that enjoy playing slots are likely to continue playing given that the house edge for slot games are always considered low compared to the chance that a player has to win. A payout percentage or win rate of 95% or higher is considered great odds for the player. If people continue to play slots, then long-term profit for a casino is guaranteed, whether a player wins or loses.

In theory, if a player continues playing slots for longer periods then they are bound to lose more money, instead of winning more. While there is likely to be some lucrative wins during the period, the overall loss will be more significant. This will happen even though the player may not notice. To get a better understanding of this long term profitability and how it affects a player’s chances of winning, consider the following scenario.

A simulation was run where a player starts with $1. In the simulation, a random number generator is used to determine the outcome and make sure that the results are fair and random. There is a fair chance for the player to win a percentage of their stake, win it back or lose it all. Each simulation will factor in a payout percentage of 96%.

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The simulation was run three times. Each time, a control variable was set where the payout percentage would be 100% with no house edge and a variable that was run with a payout percentage of 96%.

The first simulation as shown above has been completed 100 times. Considering that a hundred rounds played is a short time, it shows that even though the percentage payout is 96%, that players end up with a profit when playing consistently for a short period. The results from the simulation run with no house edge seem to yield similar results.

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For further evaluation and to see how time affects the player’s profitability, the scenario was continued and left to run 1,000 times. This is considered to be the above-average period for players engaging in casino games. The trend is relatively the same which shows that even with a period that is considered above average, players are still able to maintain their bankrolls and see fewer losses during gameplay.

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The final simulation was run with the same variables but with 10,000 cycles. The chart displays that the variables with the house edge applied trail off into the negative signifying more losses over a longer period.

While the above simulations were run with straightforward variables and don’t really reflect the true nature of varying slot games. Many other factors play a part in the outcome of each game a player chooses to play. However, what can be taken from the results is that playing for longer periods can result in more losses, especially if one specific game is played and obsessed over.

Myths About Online Slots

Slot machines and online slots are games of chance and even with a house edge in play, the outcome of each spin is fair and random. However, there are proposed strategies out there that players trust to put luck on their side. Here are a few of these theories and we analyse them to see if they are useful in any way when playing online slots.

Is it true that online slots are more likely to payout after multiple losses?

The Theory

Many players believe that if others have played a slot game and have not won significant amounts, that a payment to a lucky player is due. So going to a slot machine where you have seen a player fill the machine up with their coins, will amass a great jackpot for the next player who spins the reels.

The Truth

The physical perception that a slot machine is being filled up and getting ready to burst is what drives this theory. This theory is especially true when it comes to progressive jackpot slots. Players expect to win the jackpot when the jackpot has increased and has gone unclaimed for a long time. It is a good motivator but doesn’t really ring true, given that slot games are run with random number generators that ensure it is random at all times. The previous spin or previous player’s round of spins does not affect the next spin at all.

Is it true that online slots are more likely to payout after multiple losses
Are there casinos and slots that are luckier than others?

The Theory

Some games or different online casinos will feel as though you start to win when you change to a different game or online casino. Even with the house edge in play, you can still win more money when playing for periods.

The Truth

The physical perception that a slot machine is being filled up and getting ready to burst is what drives this theory. This theory is especially true when it comes to progressive jackpot slots. Players expect to win the jackpot when the jackpot has increased and has gone unclaimed for a long time. It is a good motivator but doesn’t really ring true, given that slot games are run with random number generators that ensure it is random at all times. The previous spin or previous player’s round of spins does not affect the next spin at all.

Are there casinos and slots that are luckier than others
Do my skills count when it comes to playing online slots?

The Theory

Employing a strategy or playing online slots frequently is believed to improve your skill. Which increases your chances of winning, similar to what can be used when playing poker at an online casino.

The Truth

Online slots are games of chance. There is not much that tilts the scales in a player’s favour. While becoming familiar with an online slot helps players gain confidence and understand what the symbols do in the game helps the player’s state of mind, it doesn’t do much else. Strategies that are used in poker cannot be employed for online slots. Remember, that each spin is independent and is not affected by the previous or next spin of the reels. Random Number Generators are regularly audited to ensure that fair play is upheld and that each game is kept completely random at all times.

Do my skills count when it comes to playing online slots
Am I more likely to win at a slot machine at a certain time during the day?

The Theory

Players believe that slot machines are more likely to pay out at night after it has had a long day of other players inserting their coins. It has been reported that more wins are observed once the sun has set.

The Truth

The fact that more wins are seen at night, could be because there are more patrons at casinos than any other time during the day. There is no specific way to calculate when slot machines will payout. It all comes back to the use of the RNG in a slot machine. When it comes to online casinos, this theory doesn’t work at all. Players don’t have to wait for another player to finish playing the game before giving it a try themselves. There is no way of tracking how a game has previously been played throughout the day and every game played functions independently. There could be millions of players around the world playing the same game simultaneously.

Am I more likely to win at a slot machine at a certain time during the day
Can I use the Martingale strategy to improve my chances of winning online slots?

The Theory

If you have been playing casino games or reading up on how to better your chances while playing casino games then you may have come across the Martingale strategy. The strategy aims to increase what was lost to eventually get to a big win that recovers all previous bets placed while playing.

The Truth

There is some merit in using this strategy, however, it is best suited to games like blackjack and roulette. Given that online slots are completely random you won’t be able to track or change the outcome so that you stand a better chance of winning back what you have lost. The losses could rack up leaving you with an empty bankroll. The RTP percentage is set so that the negligible percentage covers the casino’s overhead costs. So, games, especially online slots, are kept random so that no one strategy could rule the game and leave the casino at a loss.

Can I use the Martingale strategy to improve my chances of winning online slots

Keeping Your Online Slots Gaming a Hobby

Gambling is meant to be fun and offer players a great experience along with a chance of winning real money. However, a simple hobby that you enjoy after a long day of work or just to pass the time could become worrisome. We want to ensure that all players reading this guide, keep a clear head and play for the fun of it. Making sure that playing online casino games remains a want and never becomes a need in anyone’s lives. Here are a few tips to follow that could help you maintain the fun and experience of playing casino games online.

Know why you are playing

Know why you are playing

If you enjoy playing online slots frequently, take some time to assess why you like it so much. The ultimate realization is that you play online slots for fun. If it is all about the fun, then try free online slots that don’t bind you to any online casino and can be enjoyed whenever you want. If you are always playing to try and get your next big win, then it might be time to take a break from spinning the reels.

Setting deposit limits

Setting deposit limits

Try to separate funds for your online slot gaming. You want to make sure that when you deposit money to play with, it doesn’t cut into your budget for your daily and monthly essentials.

Schedule time for playing online slots

Schedule time for playing online slots

Set time aside for when you want to play games at an online casino. Making sure you have plans for before and after you play will allow you the time to enjoy a host of other activities in your life as well. Additionally, this helps you keep online casino gaming to a minimum and under control. Log out of the online casino once your time limit has been exceeded.

Don’t set targets for what you want to win

Don’t set targets for what you want to win

Play for the fun of it and enjoy what you win when you win it. If you aim for how much you want to win, then you may be playing for hours on end, spending money you don’t have while chasing your goal.

Play when you want to and not when you need to

Play when you want to and not when you need to

Playing for fun is the key to a great gaming experience. If you find that you crave playing an online slot or use every free moment to log onto an online casino, you may have a problem. So, set out time to play and don’t use every waking moment to chase a dream that may never come true.

Use the responsible gaming features available at online casinos-11

Use the responsible gaming features available at online casinos

Responsible gambling is a major issue in many jurisdictions around the world and online casinos had to shape up under amended regulations. This meant that many online casinos had to create features that limit the time that players spend at online casinos, the amount of money spent while gaming and the use of specific payment methods. Many reputable online casinos have features that can be enabled to help you limit what you spend and how long you spend playing online casino games. Use these tools as they have been created to promote responsible gambling for all.

Slots Players Share Their Experiences

Even if you are constantly aware of the fact that you are playing slots for fun, there is always a lingering thought in the back of your mind. Even if you don’t intend to think about it, you always wonder if there is a big win in your future. Here are some detailed questions posed to players that have won big, but found that winning changed their lives for the worst.

The first big win is what changed it all. The excitement and the high felt is something that you never forget and chasing that feeling is what turns fun into a problem. Wanting to feel that feeling once more is what keeps you going back for more. Ultimately, playing more and losing more.

Winning big is a huge motivation, but the feeling of winning is the hook that keeps you going back for more. Even winning small amounts offers feelings of happiness and excitement, fueling your adrenaline to play more. Once you feel that high a few times, you never want to let it go.

Players have said that once you notice that you are neglecting your responsibilities, family and finances, it is a clear sign that you need to let go. The overwhelming feeling of thinking about when you will return and play some more is a feeling that shouldn’t be ignored and stopped in its tracks.

Slot games are completely random and there is no possible way to beat that system. If you play, then play for fun and be happy with what you win and do not mourn what you have lost.

Gambling addiction can affect anyone at any time. There is no specific personality that would succumb to the addiction easier than others. The main focus is to be mindful of your gameplay at all times.

Be mindful of your habits while playing slots. If you are not thinking clearly about the bets you are making, the time you are spending or the amount of money you are depositing, then it is time to take a step back. If you frequently play online slots, make sure to inform someone close to you so that if the hobby becomes a habit, they will be available to help if you are unable to help yourself.

What We Have Learned About Real Money Slots

The point of this guide is to remove the veil that is often placed over real money slots. While real money slots can be fun, certain aspects could be a danger to players as well. This is true for any form of gambling available at your local casino as well and online casinos. Here are some tips to ensure that your online gaming experience is kept fun at all times.

Stay in control of your mental, emotional and financial states. You don’t want to lose yourself in the game that you intended to play for fun.
Quit while you are ahead and let go of the notion that you will win even bigger if you play for longer. It is the casino that stands to benefit in the long term.
Real Money slots are completely random. The previous spin or previous losses will not affect the next spin so do not bank on any trends when playing slots.
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