Make Real Money Playing Slots Online
Slots are not only a casino game, but a passion and excitement that only true players know. When we mention such kind of game, many will immediately think of the old school video slot machine called “Pay Slots”, which brought a lot of happiness but dissatisfaction to many.
Yes, that was a long time ago, now it is much harder to find that game in local casinos or taverns. Also, when we say fruits, most will think of old appliances that had three reels with painted fruits and bars. Such slot machines have become a rare occurrence. Today, when we mention slot machines, we mean modern games. These games are mostly played locally in casinos. The trend of playing slots online is still uncertain for many and not so popular.
Playing online offers gamers many benefits that they cannot get by playing on a local video slot machine. The first comparison is bonuses, free spins, playing for free for fun, a wider selection of different slot machines from various world software manufacturers.
Starting a slot game is a fairly easy process. To play for real money you must first register at an online casino that suits your needs. Don’t forget to take advantage of the offered bonuses. This can be a smart move that will increase the amount of credit in your account. Once you have registered and logged in, select the casino slot game category and check the offer.
If you don’t know exactly which slot you want to play, you can do a little research and see which one you like the most. Many casino platforms offer players to test games for free, which is a great opportunity to try out the slot before playing for real money. That way, you don’t have to worry about making a mistake that will cost you your loan. Another thing we would recommend to you is to always start the game with low stakes. This way you will see how the slot behaves before you decide to increase your stake. If you have selected a game, adjust the bet and lines, then press the start button! The wheels will start to spin and you can expect the best possible outcome!
It is generally known that there is no strategy in a slot that can increase your chances of winning, in essence, everything is left to luck. That’s at least when it comes to the outcome of the reels we spun. But there are still many side tricks when choosing a device and your overall knowledge of the services and features that the device offers, which can significantly increase your chances of winning.
Usually experienced players are interested in real money slot machines. This is understandable because by developing your playing strategy, gaining more experience, and raising your level of knowledge to a professional level, it is possible to turn a common hobby into real earnings. It is always profitable to play for real money here, because the system of random generation of numbers in Internet slots works independently, which eliminates interference in the spinning results. Playing for money has several obvious advantages.
The most important is following: by first deposit and subsequent payments, each player receives a useful incentive in the form of welcome bonuses, weekly refunds, and other prizes, such as bonuses of 10% to 25% for the second, third, and all subsequent payments; by playing the slot for money, the user of the online club can participate in promotions, draws, and tournaments that will help increase the chances of decent and unlimited winnings; by selecting a slot machine for money-making regular payments to the account to place bets and activating the spin, each player automatically becomes a member of the VIP Club.
User status grows in direct relation to his activity on slot machines; if you are a user of a particular casino, it is possible to play for real money on any slot machine and have a decent income. Active participation, the player becomes a potential lucky person who will be able to win a big jackpot very shortly.
Many are afraid to take a big risk when playing online for real money. Well, there are some truths in that. But if you’re careful enough, you don’t have to worry. To make sure it’s not a scam, you need to make sure the casino is licensed. It’s always good to read reviews, as it’s a place where players share impressions of the casino and games. It is important to check the methods of payment and withdrawal – if it can be done in several ways, there is little chance that it is a fraud.
Of course, even if you have checked all this and made sure that the casino is reliable, it does not mean that you will surely win. Slot machines belong to random games, ie those in which you cannot influence the outcome of the game, so the chance of winning is 50-50. This is the biggest difference between slots and strategy games such as blackjack, in which you increase your chances of winning with your mathematical knowledge.
Final thoughts
All casino games, including slots, are unfavorable for the player. Their RTP is less than 100% and favors the casino. This means that you need luck to win, which is exactly why higher volatility is generally better for you. In low-volatility games, the results over time tend to stay closer to the expected return, which is lower than 100%. In contrast, in highly volatile games, you still lose money in the long run, however, you have a chance to make a large amount of money, thanks to high volatility.
Love playing brain games like trivia, scrabble or word games? If so, you will fall in. To play online casino games for real money, you need a legit online gambling site that has safe and convenient deposit and withdrawal methods. For that reason, we compiled a list of the best casinos with online slots, blackjack, poker, roulette and many other gambling games. What’s more these casinos.
- Playing slots online for real money is basically the same as playing at land-based casinos, but there are a few differences. The first being that online slots have a return to players percentage (RTP) between 95.
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- The only way to play online slots for real money is to sign up to an online casino. There are many casinos on the web, and not all of them are worthy of your time or money. First of all, you want to go with a.
From a different perspective, you can win the same amount of money while placing smaller bets. If you place smaller bets with high volatility, you will lose less in the long run, and at the same time, you will maintain the chance of winning a lot. That is the reason why most slot tricks and strategies are based on increasing volatility, while at the same time taking into account RTP games.
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.
Are There Any Online Slots That Pay Real Money
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.
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.
Make Real Money Online Slots
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.
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
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.
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.