Being a winning slot machine player is impossible. All slot machines are specifically designed in order to give the home a longterm edge, so the home will always come out ahead if you play long enough. The sole way to counteract the home edge on slot machine games is to play a game with a really big jackpot, bet the max every time you play, and hope that you hit the jackpot. Then when you do hit the truly big jackpot, guess that which you do next? Stop playing that game.
Don’t get me wrong. I’m not saying that you shouldn’t play slot machines. Actually, I think slot games, especially the truly good ones, are lots of fun joker true wallet. But you want to keep in the forefront of the mind that mathematically, what you’re doing when you’re playing a slot machine on a longterm basis is paying for entertainment. You are able to calculate just how much you’re paying for that entertainment by multiplying the home edge times your average bet times your amount of spins per hour.
For example, if you’re playing a slot game with a payout of 95%, then a house edge is 5%. (The casino keeps 5% of each bet you make long term.) And if you’re average bet is $3, then you’re going to pay for an average of 15 cents per spin to the house. (5% times $3.) Assuming you’re making 500 spins each hour, that game costs you $75/hour to play, that might or might not be a fair price for you personally entertainment. That depends on your own bankroll.
Something different to factor into your calculation is just how much the perks and bonuses you’re getting back from the casino are worth. If you’re playing in a land-based casino where you’re getting free drinks when you play, then you can subtract the price of those drinks from you’re hourly cost. (Or you can add the price of those drinks to the value of the entertainment you’re receiving–it’s only a matter of perspective.) My recommendation is to drink top-shelf liquor and premium beers in order to maximize the entertainment value you’re receiving. A Heineken may cost $4 a package in a great restaurant. Drink two Heinekens an hour or so, and you’ve just lowered what it costs you to play each hour from $75 to $68.
Slot clubs also give back a share of your losses each hour, so definitely be sure you join the casino’s slot club and ALWAYS use your card to track your play. There’s zero reason not to complete this. Casinos also reward their larger slot players with comps like meals, show tickets, and free rooms, which all soon add up to reduce the quantity of money you’re spending each hour that you’re playing on their machine.
Just how to be a winning slot machine player? I’d sum it down by saying understand how much it’s costing you to play each spin and each hour, take advantage of all of the comps and the perks, and choose the big progressive jackpot.Read More