To maximise your potential winnings, it’s important to find a slot machine that suits you and your playing style. Some slot machines offer small frequent wins, but others offer big wins that hit more rarely. The difference within the payout rate is varied and is divided within three categories according to the variance of the game with low, medium and high variance.
Low variance games pay out frequently but with low wins. This allows you to play for longer and hopefully let you build up your bankroll you can play with. High variance games rarely pay out but when they do it is with high payouts. Games with medium variance fall into these two categories.
If you want to increase the time you can play for and slowly build winnings, then choose a low variance game. Games with high variance are riskier but the rewards are much higher. For players who have a medium bankroll and want to both win at a steady pace but also have the opportunity for a big win, medium variance games can offer the best of both worlds.
One way to find out how high the variance is on slot machines is to check the paytable of the game to see what the winnings are. If the highest possible win on a symbol is 250 coins then the game has low variance, while one with 10,000 coins in winnings is high variance.
Online jackpot slots
All slot machines have a jackpot, which is the highest possible payout in a game. Some games have a fixed jackpot, while others have a progressive jackpot. Fixed jackpots are always the same, while progressive or increasing continues to grow until a player wins the entire amount. These jackpots can grow to huge sums usually in the hundreds of thousands of dollars or more.
When a player places a bet on a slot machine, a percentage will be added to the progressive jackpot. This allows the jackpot to grow bigger and bigger until a player hits the big win. Progressive jackpots are usually linked between games across different casinos, so they can grow quickly and offer a player a win of a lifetime. Other times, progressive jackpots are split into different levels, such as mini, maxi and mega jackpots, so more than a single player can win from the jackpot prize pool.
Myths about online gambling
There are many myths about online gambling. The most common myths are whether a game is ‘hot’ or ‘cold’ and some slot machines ‘pay out soon’ after a while. In reality, games do not go through ‘hot’ or ‘cold’ periods as the odds of winning are always the same. The time of when the last jackpot was won does not change your chances of hitting the jackpot on your next spin. This is because each spin is completely independent of the others and as random as a toss of a coin.
Another myth that ties in closely with the others is that it doesn’t pay to play slots if they’ve just paid out a big jackpot. This again is nonsense as your odds of winning are exactly the same as always. It may well be true that if the progressive jackpot has just been paid out then the winnings will not be as big as they need to grow again, but that is also the only reason not to gamble.
Advice for playing slots
There are some important tips for playing slot machines:
Stick to your budget
The reason to play on slot machines is because they are fun. If you lose the money you set aside to play, it’s gone. Under no circumstances should you try to win back what you have lost.
Play for free first
It’s possible to practice on slot machines without playing for real money. This way you can get to know the game and find the machine that suits you best.
Choose your theme carefully
Slot machines are all about having fun, so you should think about the theme you will get the most out of. There are so many options depending on whether you like movie, adventure, Egyptian mythology, mafia, animal, circus, Halloween, superhero or space adventure themes. There is a theme for everyone and choosing the one that suits you is one of the most exciting parts of playing slots online!