1. Always play with money you can afford to lose.
Let's face it. No matter what tips and strategies I give you on this page, the house still has the edge on any slot game you play. So the best way to play smart is to play with entertainment money, fun money. DON'T play with the rent money. Scared money always loses; whether or not you're superstitious.
2. Always play the max bet.
If you don't play the max bet, then you reduce your payout percentage considerably, because the biggest jackpots always require the max bet in order to win. And the biggest jackpot is calculated into your payout percentage. You want your payout percentage to be high, and in order for that to happen, you MUST play the max bet. If you can't afford the max bet, then play lower limits.
3. Understand the rules and payouts of the machine before you play.
My winning slot strategies are always aimed at maximizing the entertainment value of your slots play. To me, that's just being realistic. And the best way to enjoy any game, and especially a gambling game, is to understand what's going on.
4. Set win goals.
This one might be controversial to some people, but the fact is that if you're up for a session, you might as well quit when you've hit your win goal so you can feel good about it. Go see a show, enjoy a nice meal, or catch some of the tourist attractions before you play all your winnings back. People who win quit when they're ahead.
5. Set loss limits.
Bankroll management (loss limits and win goals are bankroll management techniques) do not affect the odds or payouts on a slot machine game. BUT, they can help you preserve your bankroll and keep you from losing money you can't afford to lose. And if you don't have the self-discipline to keep yourself from playing back all your winnings or to quit while you're ahead, then you shouldn't be gambling at all.
6. Understand the hourly cost of playing.
Realistically speaking, most people actually play 600 or so spins per hour. If a machine pays out at 95%, and you're playing $1 per spin total, that you're looking at an hourly cost of 5% times 600 spins X $1/spin, which means it costs $30/hour to play. Why's it important to know how much it costs to play? Because you need to budget your gambling. Only you can decide what is an appropriate hourly cost for the entertainment you're receiving from playing the slots.
If you stick with these slot machine tips and strategies as your starting guide, you won't go wrong as a winning slot player. (And you'll understand that a "winning slot player" is something like a "jumbo shrimp" or "military intelligence"--an oxymoron. But there are different ways to define winning.)
Casinos never existed in ancient days. The bourgeois class used to gamble in each other’s house or on street while the upper section or wealthy gaming aficionados got separate houses and rooms built to play. However with the advent of new games of chance, their soaring popularity and the handsome revenue incurred via them, well furnished big buildings were made specifically for enjoying the games. These hubs came to be known as ‘casinos’. With the progress of time, the quality of games, infrastructure and amount of people swarming the casinos have definitely improved.
But have you ever pondered over the fact that the casinos that have created millionaires make their money? How do the casinos run? What is their source of earning? In this article you will explore different money making strategies of casinos
o Casinos primarily run on the money they acquire through the different games played therein. The money that is paid to the winner is from the collection made by all the players playing that very game. Basically the casinos pay the winners less than the true odds. For instance suppose that there are 40 slots on a roulette machine i.e. 40 people can play together but only one person will be crowned the winner. Now while the actual odds in this case should be 39-1, in order to earn keep its margin, the casino makes it 36 or 35-1. If every player loses the game, its bonanza for the casino.
o Sports betting also enable the casinos to earn good profits. This is because in this betting the gambler has to pay an extra charge over the wager amount. For example if the original wager is for $150, he will be paying $160 or $170, $10 or $20 being the extra charge. Now the winner will receive the amount of his original bet, his charge and $150 as the winning money. But casinos collect the sum of all the losers. This constitutes the money of actual bet clubbed with the charge.
o Slot machines bring in hefty profits to casinos. Firstly these machines save the cost of a dealer. Secondly people are quite obsessed with the slot machines; as a result they keep on playing thinking that they too will win the game of chance. But they are sadly mistaken. The reason being the slot machine’s computer programmed by the casino operators. However, the slot machines can be really beneficial for the player too. Though the computer is tuned yet the odds are kept significantly high in favor of the player. Moreover, the machines are encoded before coming on the floor so there are no chances of deceit.
o The basic principle behind casino’s rich income is the setting of odds. The casino odds are inauthentic for authentic ones would entail minute and even no profit at all. But the odds are not set at random. The casinos determine the odds as a ratio to the average loss to the initial bet. This is an approximate measure of the income that casino will incur out of each game. The casino odds are known as house edge. The house edge value is high for games that are played the least and require less skill. Games that are skillfully played have a lower edge.