Slots are one of the most popular casino games at the moment, and there is a good reason for that. In the past, slots were only randomized machines providing nothing more than a chance to earn money based on luck. However, nowadays slots have transformed into the ultimate entertainment games that provide you with countless chances to win some money, and constantly give you rewards just to keep you entertained.
When it comes to gambling, table games like Poker and Blackjack require skills and strategy to win the game. On the other hand, slots are created with a Random Number Generator software that casinos tune in order to increase their profits. In other words, slot games are designed to make money for the casino, which is why it is not odd that casinos push slot games so much.
However, casinos hide a few secrets that don’t want people to know about slots. Let’s go through them, and learn more about these entertaining games.
Winning Big Jackpots is Possible but Very Hard
One of the reasons why slot games are so popular at the moment is because of the life-changing rewards you can win. However, hitting the jackpot is harder than you might think.
Online casinos are designed to make money for the casino. They are based on an algorithm that dictates when will the jackpot drop. When it comes to progressive slots, this is usually a specific sum of money that is taken from all the participants until the requirements are met for the jackpot to drop. For example, if the jackpot is set for $500,000 the casino won’t drop the jackpot until it collects at least $550,000 from the players.
This is why it is important to check the history of an online slot and check when the jackpot dropped. If someone won the ultimate prize very recently, chances are that the next jackpot won’t appear in a while, at least for the time that the casino funds it.
Online Casinos Don’t Want You to Quit
As we mentioned before, slot machines are specific codes that dictate how much money will the slot earn. Even though the results are based on an RNG, slots can change their win/lose rate just to increase their profits. Some online slot games have RTP as high as 98% which might sound attractive to you, but hold your horses.
A high RTP doesn’t suggest that you’ll definitely earn money. In fact, 98% of the money is split among many users over a long period.
With that said, you cannot beat the slot machine. They are designed to make profits and the only job of the casino is to keep you playing. The longer you play, the higher the chances that you’ll walk away empty-handed.
Not All Slot Machines Pay the Same
When it comes to the pay rate of slot machines, it is important to understand that not all slot machines pay the same. They might look very similar in terms of design, but they might be designed in an entirely different way.
There are a few things to pay attention to when choosing a slot. The first and most important thing is the RTP (Return-to-Player) metric. This percentage indicates the amount of money that is returned to the players over a long period of time. The higher the RTP, the more likely is to win.
The other thing that is also important is volatility. The volatility suggests the frequency of the wins. Slots with higher volatility tend to pay out more frequently smaller amounts of money, whereas slots with lower volatility pay out less frequently higher amounts of money. You can find different kind of slots in popular online casinos such as 1GoodBet.
Video Slots Payout Less than Classic Slots
There are many different types of slot games you can find online, and choosing which one to play is really important. Based on statistics, video slots tend to pay less than classic reel slots, and there is a good reason for that.
Video slots are far more entertaining, which means that their cost for running and maintaining is higher for casinos. This means that the pay rate is tuned in a way to keep the games profitable.
You can think of it as a standard fee that applies to video slots in exchange for the entertainment you’ll get.