Online slots come in all shapes and sizes, from the classic three-reel slots with very little peripheral entertainment in the form of features, flashy graphics or soundtracks, to the latest video and 3D slots that pull out all the stops to bring you an all-encompassing gaming experience, complete with accompanying narrative, enthralling gameplay and a fair smattering of cool or cute characters to help you on your journey towards – hopefully – a big pile of cash.
Here we outline our top tips for those who want to play online slots to make money (as opposed to just gaining enjoyment from playing the games themselves). So read on, follow our advice and give yourself the best possible chance of making a fistful of dollars playing online slots.
Tip 1: Always know the payout percentage
While many casino games such as roulette, blackjack or baccarat have odds that are more or less set (subject to rule variations and bonuses), slots are far less formulaic in terms of the “house edge”. The profit margin built into a particular online slot depends solely on how it has been programmed, and while some online casinos will openly published the payout percentage of their games, you sometimes have to delve a little deeper to find out the information.
But dig away because the difference in the payout percentage from one slot to another could be as much as 10 or 15 percentage points. If you don’t know what the payout percentage is of the game you are playing you might well be wasting a LOT of money. So check with the customer support staff and if possible get a list of the payout ratios for all the slots they offer, picking the best one(s) to play on.
Tip 2: Make the most of welcome bonuses
There are so many online casinos out there vying for your business that it is no surprise they go to great lengths to attract you to their site. Almost all will offer some kind of welcome bonus which will invariably come as a 100% or 200% matched bonus based on the value of your first deposit. There are lots of variations with some casinos offering unlimited bonuses, some others thousands of dollars in free cash and other smaller amounts but with less stringent wagering requirements.
You should always check the terms and conditions because while almost all bonuses will require you to wager your bonus through a number of times, that number can differ vastly from a handful to 80 or more. If you pick the right welcome bonuses you will find you have a whole lot more cash to play with and hence a much-improved chance of winning.
Tip 3: Know what you’re spending
Finally, and this might seem like common sense, NEVER bet more than you can afford to lose and never chase losses in the hope of hitting a winning run. Decide how much you want to wager and stick to it, whether you win or lose.