There is one fact when it comes to slot machines - you cannot alter the spin outcome in any way. The random number generator inside all slot games controls the outcome of each and every spin. There is one thing when it comes to gambling that you have total control over - yourself.

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9) Be sure to always look at slot machine payouts and odds before you start to play. Know what you are aiming to achieve and have a small goal in mind. Whether you are sitting down to get a free drink or hit the mega bonus, know how much you want to spend – set that limit and when you hit it get up and leave.

Slot machines are so unpredictable that it’s tough to determine if your bankroll will last X amount of hours, even with in-depth calculations. But you can at least get a nice estimate on how long your bankroll will hold up.

Using sound money management strategies you can plan to keep your winnings, limit your losses and maximize entertainment. This article covers some sound ideas that you should consider before you gamble.

The most important strategies take place before you even choose which game you are going to play. Setting a budget will help you walk away with a big jackpot if you get lucky and avoid one of the most common mistakes that gamblers make - playing too long and losing what they have won.

Before you play a slot machine or any gambling game you should decide on a session budget. This is the key to staying in control. Once you have decided on a budget you have to stick to it. An easy way of doing this is to get the exact amount you need in cash and put away all forms of credit or ATM cards.

This is easy to do at land based casinos as you can either leave your credit cards at home or in the safe in your room. Online it is a little harder to do so we suggest making only one deposit per gaming session. This means that when the money runs out you have to disconnect and do something else.

The amount of your session budget has a direct correlation to the games you should play. You want to have at the minimum 30 to 40 spins on the slot you are going to play. For example it is probably not a good idea to play a $5 slot with a $20 budget. The lower the coin denomination and bet size you choose the longer you will get to play.

When you are playing slots online you are playing with virtual coins so some of the best strategies for land based casinos are harder to implement online. Texas holdem hand probability calculator. While it is generally recommended not to play with credits at land based casinos you have no choice when playing online.

With a little effort the following strategy can still be used online. The 'Play through Once' strategy is quite simple. All you need to do is divide your deposit by the bet you want to make. Once you reach the total amount of spins you either stop playing or you change machines depending on your profit or loss.

For example you make a $200 deposit and want to play a machine with a $2 max bet. You then make 100 bets on your machine and stop playing. If you are ahead you keep the profit and either change machines or repeat the process. If you have lost money you can change machines or come back at another time.

The most important strategy is to take the profit while you are ahead. Many slot players who claim that they always lose simply fail to stop playing when they have in fact won. Remember there is always tomorrow to play again.

First of all you should know that slot machines, as with many casino games, are a type of game for which there is no “winning strategy” - technically speaking they are a negative equity game, or –EV game for short. Unlike a game such as poker (against real opponents, not vs. the house) where proper application of skill can make a game profitable in the long-term, most casino games are designed to make this impossible.

Why Can’t I make a Consistent Return at Slots?

Let’s look at why, in the case of slots, there’s no way to make money long-term. For simplicity let’s imagine a game where there is only one pay-out, the “jackpot”, paid out for matching five symbols, of course the same logic will apply to complex modern machines as well. In this hypothetical machine there are five symbols available on each line and you need to match five of the same to win the jackpot on a $1 machine.

The lines are controlled by random number generators, and over time the five different symbols will come up equally often on each line. So the chance of hitting, say a cherry on one line is 1/5. The chance of hitting a cherry on the second line is also 1/5. Therefore the chance of hitting five cherries in a row is 1/5 x 1/5 x 1/5 x 1/5 x 1/5, or 1/3125, or 0.032%. Your odds of winning are better than this, as you can hit five bells, five whistles or five of any other set of symbols, so on this machine your odds of any set of five are actually 5 x 0.032%, or 0.16%. So once in every 625 spins of this hypothetical machine, you’ll hit your set of five identical symbols for the jackpot.

How To Get Lucky On Slot Machines For Sale

Now if the jackpot payout was $625, the machine would be a break-even proposition, as on average you’d pay $1 624 times without winning anything, and then you’d hit once in every 625 spins for the $625 prize, breaking even overall. Of course pay-outs are set by the casinos at a slightly lower figure, usually between 90% and 98% of this frequency, so for example if this imaginary machine was set for 95% pay-outs, the jackpot would actually be $594.

Of course you can get lucky and hit jackpot on your second spin, walk away and keep the money, technically making a profit. But long-term there’s no way to beat the law of averages, and the house edge will be sustained over any short-term variance in results. Rarely, certain machines are reported as paying out just above 100% over a given month, but this is again just the variance inherent in randomness, and will not be sustained over larger samples.

There’s a very nice little piece of software providing virtual testing of this principle, to be found here at Vegas Click. It simulates the return over one wager, over ten, a hundred, a thousand, ten thousand and a hundred thousand wagers, of a bet subject to a house edge, and shows the returns expected in each simulation. Try it out for yourself - it’s cheaper than going to Vegas!

A slot machine house edge is known by casino managers as the “hold”, and hold percentages vary a great deal, and do tend to be smaller at more expensive slots, frequently found to be around 1- 3% at the five dollar slots. Of course, percentage of investment lost is not a real money figure, and you’ll still tend to lose more money in real terms at the more expensive machines, since you’re putting far more money through the machine each hour.

Why Play if There’s a House Edge?

Certainly you shouldn’t be playing in order to try to make sustainable returns. Of course many people enjoy the thrill of a gamble, even if they know or merely suspect that it’s a negative equity investment of their money. Of course, there’s always the chance you may get lucky, even astoundingly so, as some winners of multi-million dollar slots jackpots can certainly attest to. There’s also the enjoyment factor, and playing slots can be a cheap form of entertainment if you stick to a budget and if you actually do genuinely enjoy it!

What is the Exact Edge on a Particular Machine?

There’s an easy answer to this one – you frequently can’t find out. Certainly it’s against a casino’s interests to publish this information on the front of a machine, and I’m sure many gambling-happy players don’t even realise there is a real house edge, nor know the difference between a game of skill and one of pure luck. Monthly and annual reports are regularly published of the actual pay-outs for given machines, so do your research and you could get a good idea.

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