Slot machines come in different denominations, like penny slots, 5-cent slots, dollar slots, etc. Dollar slots have bigger payouts, but more risk and you might hit your loss limit faster. Penny slots won’t bankrupt you, but you won’t win big, either. However, you can spend a lot of entertaining time playing. 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. 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. The probability of winning jackpots on some progressive slots is varied and range from 30 to more than 40,000,000 to one. Every player has to decide how much of their money they want to invest in the quest for big wins but be that as it may, you still get to cash in on smaller payouts while basking in the thrill that you just might be the.

As far as the casino industry is concerned, slot machine games are the most played games, yet, they are the least understood.

In the UK, slot machine games, also known as the fruit machine games, are some of the most sought after games at the land based casinos, and in the US, where they were first played in the 1890’s, they continue enjoying prominence and popularity among the players!

Australia, where they are referred to as Pokies, has more slots per capita than the US though, and while not at the same level as Australia, slot machine games continue to receive game time across different European countries and different gambling hotspots in Macau.

Online, hundreds of millions of bettors continue playing video slot machine games, as casual players through different social media application or for real cash at the different online casinos.

But even to those who have devoted their free time playing slots; the different slot terms, how they work, and the odds of winning the jackpots remain in the dark!

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Is it possible to win playing slots jackpot?

The first and popular question that most of bettors ask is ‘Can I win the jackpot games?’ Right after this, they’ll ask ‘Is there a strategy or secret to winning big?’

It’s natural enough for any player to want to win! What’s the point of playing anyway? Is it not to experience the thrill and big wins that come with the video slot games?

Can I win while playing the jackpot slot games?

Sometimes, yes! All the payoffs as indicated on the video slot game actually represent your chance of winning. Any slots player who very often plays the game will increase his/her chances of winning and a reason to celebrate. But we are yet to see someone, besides the woman who won €1.75 million who while playing the same video slot game in a month, defied the odds of 625million:1 and won the same game twice in a row!

Is there a strategy or a secret to winning big?

Let nobody lie to you that they used a well worked out formula to win the video slot games! With rare cases, 99% of the slot machine games purely rely on chance. The results are determined by the Random Number Generator, and there’s nothing the casino or bettor can do to influence how the numbers are generated.

To this popular question, there isn’t any magical strategy or formula to increase your chances of winning! Only cross your fingers and pray lady luck is on your side!

What are the odds of winning a casino jackpot?

The odds of winning any casino jackpot vary from one game to another, on different coin values for the different bets you place, and in some cases on a slot machine game with the same denomination but playing on different machines. Casinos don’t usually advertise the odds of the different games and neither do they post them on the different machines.

Therefore, the best that we could do to estimate the odds of winning the different jackpot is to compare different games, offered at different casinos. For the estimate, we focused our attention on the United Kingdom market, where the casino average payouts are made public by the UK Gambling Commission for bettors to see.

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The percentages are different from one casino to another but the overall look of the paybacks look like this: Slot machines normally pay higher percentages if you place bigger bets. Below are some average house edges and returns, based on the information that we gathered from the UK Gambling Commission.

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Take note that the percentage of bets returned to the bettor as winnings increase as the size of the bet gets bigger. Gamblers who choose to go for the more expensive jackpot games get a larger portion of their wager back, and also stand a better chance of winning.

Does this mean that players should focus on placing bigger bets? No! By playing the more expensive game and get a larger portion of the bets you place back, but at the end of it, lose more money as you’ll be taking a bigger risk. The best thing to do is to let your bankroll guide you, and also avoid betting more money than you can afford.

Modern Video Slot Odds

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Most of the modernised slot machines don’t have 10 numbers on each reel and most of the slot games, both at the online and land based casinos, have at least five reels as opposed to the traditional three reels. This means that the developers and programmers are always dealing with more complex machines, featuring hundreds if not thousands of stops, symbols or random numbers on each reel.

Below are some of the factors that are always considered when modern video slot odds are determined:

• When the slot machines are on video, the programmer can choose to make the reels as long as he/she needs them to be. If for example, to achieve the right odds the programmer requires a slot reel to feature a sequence of 1000 symbols, then he/she will have to program a 1,000 symbol reel.
• However, in the land-based casinos, it difficult for the programmer to fit the 1000 symbols in the mechanical slot machines. Therefore to achieve this, the programmers use what is referred to as the ‘Virtual Reel’. Thanks to this feature, the slot machines at the brick and mortar casinos with the small reels can act as if they have more symbols. For example, the programmer could tell the machine ‘Any time the RNG software stops on number 7, stop on the jackpot symbol. Any time it stops on numbers 5, 3, 1 or 9, stop on the first bar.’ By programming the machine this way, the highly sought symbol that triggers the jackpot can only appear once after several hundred or thousands spins. This plays a huge role in determining the odds of the jackpot. A good example was in 2003 when the world record jackpot of Megabucks machine paid out a mind-blowing $39 million. According to IGT, the company behind this game, the odds of winning the jackpot were approximately 1 in 50 million.

The Free Spins & Bonus Factor

Almost all the modern video slot games, including jackpots, have bonus events which come in different forms including the spinning of a bonus wheel as with Mega Millions; Pick’em bonuses as seen in Jackpot Party and you can check out free spins on our favourite sites at a number of highly recommended online casino operators.

During the bonus round, you have the chance of accumulating credits without spending any extra cash thanks to the in-game free spins bonus round. This has to account for while setting the game’s odds and paybacks during the regular reel spins. But how do the free spins contribute to the game’s overall jackpot?

One of my friend, who happens to be a programmer told me that one of the games he has developed has a 90% RTP; 60% of this comes from the general reel spins, 30% comes from the different in-game bonuses, including the free spins and the remaining 10% comes from the house.

So how do you increase your odds of winning the casino jackpot?

Below are rules of thumb that every bettor should follow to increase their chance of winning while playing video slot games.

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• Always choose games that you understand better
• Make the most of the casino bonuses and offers to boost your bankroll. Most sites powered by NetEnt have free spins offers and deposit offers
• To ensure that your bankroll goes further, reduce the number of coins that you bet on each line and increase the number of paylines. This increase your chances of winning the bet