25 Apr How Casinos Use Math to Make Money When You Play The Slots
- How Much Do Casinos Make
- How To Make Money In Casinos Using Slots Without
- Win Real Money Casino Slots
- How To Make Money In Casinos Using Slots For Cash
- How To Make Money In Casinos Using Slots Online
Slot machines are one such machine, which is built by considering the math carefully and curating the wins so that ‘house always wins’. Slots are an asset to the casino business, as it is considered a money-making machine of many casinos in the US, where they contribute to about 65%-80% of their income to the casinos.
Casinos are famous for their lavish ambience, finesse, and the entertainment offered to attract customers. Little did we know that this attraction also veils some demerits to a gambler. How do they make profits every day, contribute money to the gamblers every day and still not go bankrupt? All the games on the floor are carefully examined so that they provide the highest cut to the house. It’s called ‘House Edge’. Slot machines are one such machine, which is built by considering the math carefully and curating the wins so that ‘house always wins’.
Slots are an asset to the casino business, as it is considered a money-making machine of many casinos in the US, where they contribute to about 65%-80% of their income to the casinos. Every day gamblers put in millions of dollars into these machines. Why? Because there is the math behind the money, which calculates the odds such that the house makes more money than the gambler ever will.
Slot Machine Claims
Like all other casino games, slot lovers have claimed strategies and prospects of winning a jackpot:
If you go on playing the slots, you will eventually land into a jackpot.
If you count the numbers appearing on the wheels, you will eventually figure out when you’ll hit the Jackpot.
Casino manipulates the machines to control the chances of winning.
Although not many of these theories have been put to the test or have been proved successful, people still think it’s worth a try.
Game of chance
Slot machines are loved by everyone, almost in all the casinos because it is a game of chance and does not require the player to memorize strategies and rules. The reels that display on the slots are generated randomly, without affecting the outcome of the previous outputs. However, there is math involved in every slot machine outcome.
For instance, there are 20 different symbols on each reel. Then the combination would be 20X20X20= 8000 combinations for each slot machine which increases with the increase in reels. And if the Jackpot is at 7 7 7, then it would be 1 in 8000 combinations. If you have to sit and calculate your odds at winning it, you should be a math genius.
Payouts
Most slot machines announce their payouts in terms of percentages. For instance, 97.8% payout means for every dollar you put, the machines return 97 cents and keeps 2.2 cents. This only happens when you’re playing on the machine for a long time. It is generally misinterpreted that the payouts happen anyway in the long run. But this is false. The percentages can only be fantasized in theory, because in reality it only happens over long games.
Gamblers start with a smaller amount and then raise their bar according to their luck. The truth is, the slot machines make money on every penny you deposit into the machines. That is how they make money.
Conclusion
It is imperative to know that there is maths in every game you play in a casino, whether you like it or not! That is how the casino always wins. In many casinos in Vegas, particular accountants maintain the odds and increase their stakes. Although it is nearly impossible to decode the math, it is better to research it, to increase your chances.
Slot machine games are fun, no doubt. But everyone knows that the major reason why most gamblers flock there is not to entertain themselves but to win money. Unfortunately, not many of them walk away with their purses smiling.
I’m sorry if you’re one such person!!!
I take it you’re here on this post because you want to leave the league of those slot players that play, play, and play, but never win anything.
How Much Do Casinos Make
Well, wear a smile on your face because you’ve come to the right place.
In this guide, we’ll show you all that you need to know about making money from slot machines.
Go for the machines with the highest return to player percentage
The return to player percentage, or RTP as it is known for short, is the first yardstick you want to use for picking out the casino slot machines you want to bet your money on. Because the higher the RTP percentage of a machine, the better your chances of winning on it.
The RTP is the percentage of all the wagered money that a slot pays back to its players. So if a slot machine has a very high RTP, it implies that players have a greater tendency to win on it.
You can find out the RTP of the slot game you want to play by looking it up online or checking the “help” section in the settings tab of that slot machine.
For starters, the best machines for you are those that boast RTPs in the range of 96% and above.
Measure volatility against your bankroll
If you have a big enough bankroll, don’t go for the simple, low volatility machines; instead, try your luck at the high volatility games. Although winnings are rare on these machines, when they do come, they come really big. And since you have a big enough bankroll, you should be able to withstand the few losses that come along the line.
However, if you have a lean bankroll, please stick with the low volatility games. Although winnings are meager, your risks are lower, and with patience, you can grow your profits to multiple figures.
Don’t ever pass the chance on free spins
I don’t know whether you’ve been doing it before, but if you haven’t, please start now. What am I talking about?
Well, I’m talking about the act of making “free spins” the first thing you look out for on a slot machine. Free spins are there for a reason, and if you want to win money playing casino slot machines, you cannot afford to underutilize them.
How To Make Money In Casinos Using Slots Without
However, be sure to read the T&C related to free spins on a casino site before you start using them. Usually, many casinos include lots of hidden terms and withdrawal limitations with their free spins. But sometimes you can be lucky to come across sites that offer you free pokies without any strings attached like King Pokies.
Use your free spins to learn about the volatility of the slot machine, use them to gain insights into the game, and ultimately use them to increase your profits.
Avoid branded slots
As much as you want to play a slot game that features some of the characters from your favorite sports or TV shows, you need to resist the urge to play on any machine where they can be found.
Why? Because branded slot machines are designed for one purpose: to lure you and drown your bankroll. Not that the creators of these slot machines have a special interest in extorting gamblers, but due to the fact that many of them pay hefty sums to get the right to use the name or face of those popular characters, they try to raise the difficulty of their games, thereby limiting a player’s chance to win.
Try your best to go high
Win Real Money Casino Slots
I know we all don’t have the luxury of placing thousands of dollars on bets, but you remember the old saying, “you need to spend money to make money.”
Well, that statement couldn’t be less true in casino slot games. If you want to win big, you just have to spend big! The higher the wagered amount, the higher the winnings when you hit the jackpot.
So as much as you’re trying to limit your risk, always try to put something big on the line once in a while. Just make sure you measure your risks carefully before treading that path.
Get a second opinion
Before you go through with your decision to bet on a particular slot machine, be sure to check what other players are saying or have said about that machine. Thankfully, we now have the internet, so it cannot be so difficult to get a public opinion on any slot machine you want to play. Go on Reddit, Quora, YouTube, Twitch, and other online forums to read the comments and reviews of people.