Slot Machines: Should You Ignore the Odds or Not?

The Statistics on the Matter

Let’s look at some potential losses during, say, 10 hours of playing. Your potential losses with 1-dollar slots in a 2-coin game go as high as 800 dollars! As for the potential losses of 25-cent slots in a 3-coin game, those would be 350 dollars. Now let’s compare those to the potential losses during 10 hours of playing, say, 25-cent video poker in a 5-card game – they’d amount to 125 dollars. And what about 5-dollar per bet Roulette? That would amount to a potential loss of 79 dollars. And lastly, with 5-dollar per hand Blackjack, the potential losses for 10 hours of play go no higher than 25 dollars! The statistics hardly ever lie, folks, and this case is no exception. And they all point to one ugly truth: slots have a higher tendency than other gambling games to be a source of money loss.

Yet Still…

And yet, the fact remains, they are super-popular among any type of player, whether a high-roller or a newbie. Surely, we can’t be the only ones who’ve done the math up till now, surely others have realized they could end up losing a lot less playing something different. So why do players keep feeding slot machines? Get ready for another truth: these numbers can be slight…deceiving. This is largely due to slots being faster than any other casino game. Which, of course, makes the potential of chipping away at the player’s bankroll a whole lot bigger. But wait, you might ask, doesn’t that make the potential to make more money also bigger? Particularly with those alluring progressive jackpots simply waiting to be popped? Well, theoretically, yes, it does. So, the question stands here: How can a player make sure they are making more money and not losing it? We might just have some small, albeit useful, pieces of advice for you all. It might sound silly, but just ignore those odds and try these rather smart strategies instead.

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So what are the suggestions?

1. Pick the Smallest Jackpot Machines

Our first piece of advice to any player out there is to ignore their basic instinct and go for slot machines that offer the smallest jackpot. We know how that sounds, especially when greed comes rolling around, but trust us on this one. Think of it this way: such big jackpots can be compared to huge sale prices. For instance, five thousand dollars off a car dealership sounds fantastic, but when you take a deeper look, the salespeople must be recouping their losses one way or another. After all, why would they be willing to sell the car that way otherwise? Such recuperation of losses could be in the form of higher lease and finance rates, which raise the monthly cost. Well, believe it or not, the same unspoken and unwritten rule applies to jackpots. Even though we all dream of hitting a really big jackpot, or the biggest, we must face facts: chances of hitting a big one are much smaller than hitting a small one. Or at least, smaller than the biggest one. So, play it smart by choosing machines offering smaller jackpots rather than making a beeline for the biggest of them all.

2. Play it Smart When Playing Progressive

If you’re one of those players who is insanely attracted to progressive jackpots, then make sure to always look into how much money is going to the jackpot. It may be as high as 10% in some cases, regardless of what you play! And if that really is the case in your situation, then always opt for playing a 2-coin slot machine in place of a 3-coin machine. An extra bit of advice is to avoid dollar slot machines and instead turn your attention toward quarters or nickels.

3. If Playing Live, Avoid Video Reel Machines

Since things have a tendency to be much faster on the internet, this last bit of advice doesn’t apply that much to online gaming. For those of you who are playing live, you’d do well to avoid any video reel machines. Rather, go for the classic reel games, where there isn’t that much video content and the reels actually move. This is because the video-reel machines usually tend to be slower, often with breaks between the spins, solely for entertainment purposes. It may not seem like much at all, but those wasted seconds can really add up after some time. And yes, we know those breaks can be entertaining, but the thing is that casinos aren’t making any money when players aren’t feeding the slot machine. So, what do they do? Their course of action is to take a little more money when the player is actually playing. And we’re pretty sure no player wants that.

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Conclusion

Well, there you go. These useful tips have come in handy for those who have already given them a try, so they might just come in handy for you too! Now that you’ve been acquainted with the proper stats and gotten to know the whole truth, you can choose which games to play. We’re by no means saying you should stop playing your favorite slot machines, but at least try and play it smart next time. Good luck to all of you players, no matter what and where you decide to play.

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