Slots To Make Money
Yeah sure, casinos are fun. But the ultimate reason we all go there is to make money. And this here is the ultimate guide you will ever need on how to make money at the Casino Slot Machines.
- How To Make Money Playing Slots
- Free Slots To Make Real Money
- Best Casino Slots To Make Money
- Best Slots To Make Money
Winning at the Casino Slot Machines will take a combination of different strategies to maximize returns while minimizing your losses. Slots players know that after hitting some wins, a period of standstill follows where they get no returns, and the slot machine takes back everything, and the player loses their profits just as quickly as they won them.
Aug 04, 2020 When professionals look at how they can make money at the online casino slot machines, they focus on the slots welcome bonus. The welcome bonus is the incentive an online casino gives for the first deposit. Players can get up to 100% bonus when they deposit for the first time in an online Bitcoin casino. I make double that every week. It's frowned on by casinos, but it's called advantage gambling. I've actually been kicked out of a casino ( they said for bonus checking). Jul 01, 2019 What those fraudsters and slot cheats would then do is to send players to casinos all over the world and start playing slot machines on which there was a random number generator that could for all intents and purposes be cracked. Having run many casinos, there are a few ways we see people make a living playing slots, although it is a generally a low income living. You can become a jackpot Hunter and only play machines when the progressive jackpot is so high that the machi.
Here,we will familiarize you with the right techniques to not only keep yourwinnings but increase them by placing wagers on machines that pay off decentsums.
The main thing to do is to understand how the Casino Slot Machines work. This will help you come up with a great strategy to beat the machine and win big.
- Every spin of the slot machine is random. With every play, the device selects a random symbol for each of the reels
- The payback of the Casino Slot Machines are based on the probability of lining up the winning combinations on the reels
- The sequence of the symbols should not be manipulated (at least not legally) so every single spin has the same chance of winning
Feb 15, 2019 In fact, the slot will have a spin cycle that is programmed out to give out prize money. Which is usually the number of rounds that have been repeated, for example, when you start playing the slot for 10 rounds, the slot will give you the prize money. When you catch this point, the opportunity to make money is in your hands.
Now that you know the basic concept of how a slot machine works, the next thing you need to know is how to pick a winning slot machine. You can do this by:
Choosing the Casino Slot Machines with the Highest Payouts
Itis only apparent that to win big; you will need a tool that pays out more thanthe rest. Find out the return to player (RTP) percentage on the machine youwould like to play on. The RTP is the percentage of all the wagered money thata slot pays back to its players.
The easiest way to determine the RTP is to look it up online. Alternatively, you may look it up yourself. It is usually mentioned in the settings or ‘help’ section of the slot machine. RTP range between 92-97 per cent. To maximize winnings try and find machines with 96 per cent and higher.
Make Higher Bets
Everheard of the expression you need to spend money to make money? That rings truewith slot machines. The higher the wagered amount, the higher the winnings whenyou hit the jackpot.
Thecritical thing here is to find balance. Betting higher will faster deplete yourbankroll, but at the same time, higher denominations have higher payouts. Riskis an essential factor in gambling, and this advice adds more risk to the game.But you get to decide how risky you want to play so ultimately you are still incontrol. One truth holds; however, playing with a maximum bet always pays off.
Avoid Branded Slots
Brandedslots are designed to do one thing; attract you with their names. We arenaturally drawn to the familiar. Branded slots bets are also usually higher,and that might mislead you to think that the payouts are too. But it’s amistake even to believe that. Casinos will pay a premium to use these brandnames, be sure that they will be looking to make their investment worth itthrough your wagers.
Determine the Volatility of Slots
Thisrefers to the variance or risk level of the slot machine.
Lowvolatility means that wins are smaller but more frequent. High volatility, onthe other hand, means that victories are more senior and rare.
Here’san example of a high volatility slot:
Lowervolatility slots are suitable for people who lack the patience to risk theirmoney and wait for the big wins.
Here’san example of a low volatility slot:
Highervolatility slots offer more risk because it might be unclear how much time andmoney you might have to invest before hitting that lucky spin and make the bigbucks, but when you do, you win big!
Take Advantage of Free Spins
Althoughwagering requirements are limiting with regards to free spins and not tomention the hundreds of hidden terms and conditions for withdrawals of your winnings,free spins bonuses can still be worth your while.
Youcan use your free spins to first learn about the volatility of the slotmachines and figure out if it’s the one that best works for you or not allwithout losing a dime. And still, be able to make money from them.
Youcan also find online casinos where free spins have no strings attached. Thereyou will be able to bet as much as you want, make as much as you can and beable to withdraw your earned cash without the limitations of wagering requirements.An example of one such casino is Power Spins Casino.
Pickingthe right slot might not necessarily help you beat the slot machine, but itimproves your odds and guaranteed helps you win more.
Trust Other Players
Takeadvantage of the internet. Check what the other players have said aboutdifferent slots. Read the comments and reviews; they are invaluable researchmaterial. If a slot pays out like a cash cow, they will be sure to say it, andif not, they will be sure to mention it too.
Thisis perhaps one of the quickest and easiest ways to find out as much as you needto about a slot at no cost at all. Also, this may be one of the easiest ways tofind out which are the right slots to play.
Nowthat you understand how to pick the right slot for your game, you will need tolearn how to play a winning slot machine. It is known that slots pay at random.However, there are specific hints you should look out for. Take a look at a setof numbers randomly drawn, and eventually, you will notice a pattern orrepetitive numbers.
Beforeyou start your game session, you need to set your betting limits. Your upperlimit means that you need to cash out. If you are still making decent winnings,then you need to set new boundaries. A lower threshold means that it is time tostop playing. This is perhaps the most important things while playing; knowingwhen to stop.
In Conclusion
Thereis no universal betting limit strategy; you are free to work out your limitsand learn from them. However, seasoned players think that the lower limitshould not exceed twice the amount of the initial wager, and the upper limitshould not be more than five times the first wager. Play and increase yourlimits for as long as you are making money and cash out once you reach the lowerlimit. It is straightforward lest you lose all the money you made.
More on how to win at casino slot machines;here is a YouTube link:
You can find stories about people gambling for a living. Many people play poker for a living, and it’s easy to see why. Poker doesn’t have a built in house edge; it has what amounts to a seat charge in the form of rake. Poker players aren’t trying to win the house money, they compete for other player’s money. This is different than most other forms of gambling.
You can also read about blackjack players that have learned how to count cards or find sloppy dealers that flash the value of down cards. Some of these players are able to play blackjack for a living. A small percentage of sports bettors, horse track bettors, and dog track bettors are also able to make enough money to gamble for a living.
But it’s rare to find people who can gamble for a living who play other casino games. Bob Dancer claims that he was able to play video poker for a living several years back, but even if his claim is true, many things have changed since then. It’s harder to find full pay video poker machines and casinos pay lower comp rates for video poker play.
Of course, there’s nothing wrong with that and I’m not trying to say that he didn’t make money playing. But I don’t know if anyone is making a living playing video poker today. It’s possible, but if there are players doing it, there aren’t very many.
A few authors claim to make money playing craps using dice control. This has always struck me as a way to sell books and training courses, but just like Dancer’s claim in video poker, I suppose a few people can use dice control. Also just like video poker, if people are successful at dice control, there aren’t very many of them.
Games like slots, roulette, baccarat, and other table games don’t have stories about gamblers playing them for a living. Does the lack of stories mean that these games are impossible to beat?
Slots are the most popular form of gambling in casinos. People love to play slots. This brings me to the reason for this article.
The Hard Truth
Before you continue, consider exactly what making a living means. Some people live on $25,000 a year, while others seem to need $50,000 or $100,000 a year. Many factors come into play when determining how much someone needs to live.
Some of the factors include:
- Where you live
- How many people you have to support, like a spouse and children
- How frugal your lifestyle is
- How much debt you have
For the purposes of this article I’m going to use $52,000 a year as the threshold for making a living. This works out to $1,000 a week. You can use any number that you want, but unless you live in an expensive area, most people can survive on this amount.
Another issue that must be considered when you think about playing slots for a living is the lack of health insurance and other benefits. Professional gamblers have to find health care and they don’t get paid time off. Health care is a serious expense for many people and it can be dangerous not to have some type of coverage.
Many young people don’t worry about the lack of health care coverage, but as you get older it often becomes a real concern. If you have to pay for health insurance it can take a big chunk out of your income. Keep this in mind when you determine how much you need to make to play slots for a living.
The hard truth is playing slots for a living is almost impossible unless you’re already wealthy and have enough money that you can afford to lose in the long run. It’s much more likely that you’re going to lose $1,000 a week than win $1,000 week playing slots.
While most slots players lose in the long run, it’s not 100% impossible to play slots for a living. But such a small percentage of players make money that the truth is that you should probably forget the idea.
Each machine is programmed to pay back a certain percentage of every dollar wagers and keep the rest for the casino. These numbers are called different names, but I call them pay back percentage and the house edge.
A slot machine’s pay back percentage is the amount of all bets returned to the player through wins on the machine. If a slot machine has a 95% pay back percentage that means that on average it gives back $95 out of every $100 wagered to the player.
If you consider this from the other angle you get the house edge. When the slot machine pays back $95 out of $100, it keeps the other $5 for profit. In other words, a machine that pays back $95 out of every $100 wagered has a 5% house edge.
When you add the house edge percentage and the pay back percentage together, they always equal 100%. This means that if you know one number you can subtract it from 100 to get the other number.
You can use these numbers to predict how much money you should win or lose over a set period of time, based on how much you bet per hour. Because the house edge is in the casino’s favor, it means that if you can’t figure out how to overcome the edge or get lucky, you’re going to lose in the long run.
Most slot machines have a payback percentage between 90 and 98%. This means the house edge is between 2 and 10%. With a house edge, it means that you lose between 2 and 10% of every dollar you run through the machine.
Here’s an example:
- You play on a slot machine that has a 98% pay back percentage, which means it has a 2% house edge. Your bet size is $2 per spin and you make 400 spins per hour. You can figure out your average loss rate, or what you can expect to lose on average per hour, by using this formula.
- Amount bet per spin times spins per hour times the house edge.
- $2 X 400 X 2% = $16
This means that if you play for 10 hours your expected loss is $160. You simply multiply the expected hourly loss times the number of hours you plan to play and you get the average expected loss.
Slots are run by computers, which use a program based on math. These programs, unless the programmers made a mistake, make sure that the underlying math principles always come true. It might take millions of spins, but the programs guarantees that the machine produces the programmed profit percentage for the casino.
The house edge and pay back percentage are long term things. This means that these percentages are realized over a long period of time. In the short term the house edge and pay back percentages vary, sometimes a great deal. But eventually the short term variance evens out and produces the correct results.
Most players can’t, and this is why it’s almost impossible to play slots for a living.
If you still want to try to play slots for a living, the following sections have additional information you need to know. Just keep in mind that even if you use every trick and strategy in your power, you still might lose money in the long run.
Finding the Pay Back Percentage of Slots
You just learned about pay back percentage and the house edge and how these things guarantee the casino a profit. So the next question is how do you find out the house edge and pay back for slot machines?
Most casino games are designed in a way that it’s fairly easy to determine the house edge and pay back percentage, or you can easily find the numbers with a quick internet search. But slots are different. The programs that run the machines have so many variables that unless you have access to the program it’s impossible to determine the house edge and pay back percentage.
Another problem is that some machines offer different pay back percentages from the manufacturer, so each casino can order their machines with the percentage they want. You can find out more about finding slot machine pay back percentages here, but the news isn’t good.
The following sections include everything I know that can help you improve your chances to win. Four of them are strategies that you can put into action yourself, and the other one is based on hope. Sadly, hope isn’t much of a strategy, but it fits in perfectly with how most people gamble. They put their money out and hope to win.
Online Bonuses
Online casinos often offer bonuses for slots players when they make a deposit. You can get 100% or more of your deposit matched with bonus money you can use to play slots. This sounds like a great way to overcome the house edge, and if the money was free it would be.
While bonus money looks like it’s free, when you read the conditions and terms associated with the bonus you find out that it’s not a simple as the casino giving you free money.
Every online slots bonus comes with rules and regulations about how you can use it, what you have to do before you can cash out your money, and if you get to keep any bonus amount when you meet the terms of the offer.
The terms vary from online casino to online casino, so it’s important to read them before you make your deposit. Some bonuses are deducted from your balance when you make a cash out request, while others can be cashed out eventually.
When you accept an online slots bonus you have to meet certain requirements. These are usually called play through requirements. A play through requirement means that you have to play the bonus amount, and sometimes the deposit amount as well, a certain number of times to clear the bonus. The requirement is usually shown as a multiple, like 25X or 50X. This means you have to make wagers totaling 25 times or 50 times the bonus, and sometimes the deposit amount.
Here’s an example:
- You sign up at an online casino that offers a 100% sign up bonus on deposits up to $250. You make a $250 deposit and get a $250 bonus. This gives you a total bankroll of $500. The terms and conditions state that you have to play the deposit and bonus amount 50 times before you can cash out.
- The total of the bonus and your deposit is $500, so you multiply this by 50 to find the total amount you have to bet. 50 X $500 = $25,000, so you have to make $25,000 worth of bets before cashing out. The best can be any size as long as the total amount reaches the limit.
You can use a trick at this point to get an idea of the possibility of clearing the bonus and having money left over. You can multiply the total amount you have to wager times the house edge to find the expected loss.
Using this example, if you play on a slot machine with a 5% house edge, your expected loss is $1,250. This means that usually you’re going to run out of money before you clear the bonus. The only ways to change this are to play on a machine with a lower house edge, or find bonuses that have lower play through requirements.
You also need to make sure you understand the difference between cashable bonuses and the ones that are deducted from your balance. A bonus that can’t be cashed out when you meet the playing requirements makes it unlikely you can beat the house edge.
Here’s an example if you play a slot machine with a 2% house edge, using the same bonus numbers in the last example.
$25,000 X 2% = $500. This means that your expected loss is the same as your total bankroll of $500. Even if you get lucky and don’t lose all $500, the odds of you having more than your deposit of $250 left after clearing the bonus is slim.
You should defiantly use online slots bonuses if you want to play slots. Even a bonus that’s not cashable gives you extra money to gamble with. It also gives you extra chances to hit a big jackpot, which is the only way most slots players have of getting ahead.
Slots Tournaments
Slots tournaments aren’t run at all casinos, but some casino run them from time to time, and a few run them on a regular basis. A slots tournament offers a minimum amount of play for a set entry fee and awards prizes for the top finishers.
Some casinos offer slots tournaments as a reward for a set amount of play and/or connected to their slots club program. If you can earn a free entry into a slots tournament, anything you win helps overcome the house edge on your normal slots play.
When you’re looking for a slots tournament that has an entry fee, you should look for ones that have a guaranteed prize pool. If you can find tournaments that don’t get enough entrants to cover the prize pool you can play with an edge. It won’t greatly improve your chances of finishing in the money, but when the entry fees don’t cover the prize pool it’s profitable to play.
Here’s an example:
- The casino offers a slots tournament with a guaranteed prize pool of $1,000. The entry fee is $10 and they only get 80 people to sign up. If you divide the prize pool by the number of entrants you get the average value of playing.
- In this case, the average is $12.50. Any time the average return for playing is higher than the entry fee you’re playing with an edge.
How To Make Money Playing Slots
You still have to finish in the money to win some money, but if you play in enough of these types of situations you come out ahead eventually.
Playing Slots for Comps and Promotions
Every time you play slots you should be earning comps. Sign up for the slots club at your local casino and look for online casinos that have a rewards program. The casinos don’t give back enough in comps to overcome the normal house edge, but every penny you get back in comps helps lower your cost to play.
Casinos also run promotions from time to time. You might be able to find free slots play vouchers and match play coupons in the local paper or on the web site of the casino where you’re planning to ply. Promotions and coupons are a great way offset the built in house edge of the slot machines.
Getting Lucky
I hate to say it, but the only way most people can play slots for a living is to get lucky. If you’re lucky enough to hit a big jackpot sometime in your life, and are smart with the money, you can afford to play slots full time.
The only slot machines I play are the ones that offer either a progressive jackpot or ones that have a set top jackpot prize of $100,000 or higher. I know I can’t overcome the long term house edge without a big win, so I don’t waste my time on machines that can’t make a big deposit into my bank.
Getting lucky isn’t a strategy, but if you don’t put yourself in position where you have the chance to be lucky you don’t even have reason to hope. If you want to play slots for a living focus on slots with big jackpot possibilities.
Progressive Jackpots
The only way to truly play slots with an edge over the house is to play a progressive jackpot slot machine where the top prize has grown so high that it overcomes the edge. The problem with this is the same as I discussed earlier. If you don’t know the house edge you can’t determine how high the progressive jackpot has to climb before it makes the play profitable.
If you don’t know the house edge, simply play the slots that have the highest jackpots. Most casinos, both online and off, have at least one slots game with a jackpot over $1,000,000.
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If you can’t find one with a jackpot over $1 million, look for the highest one you can find. A $500,000 jackpot win might not set you up financially for life, but it’s enough to help out quite a bit.
Conclusion
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Playing slots for a living is a dream of many gamblers. But the truth is that it’s almost impossible to succeed. The house edge locks in a long term profit for the casinos, so very few people win.
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You can use the tips and strategies on this page to give yourself the best chance to overcome the house edge, but if you want to gamble for a living your best bet is to stop playing slots and pick a different game.