Do People Really Win Online Casino Jackpots

  
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Do People Really Win Online Casino Jackpots

New slot machine players are going to find a lot of advice for beating the slots. Have a healthy skepticism when a slots expert tells you they know how to beat the slot machines. Among the games in a casino, video slots (in general) have a high house edge. Besides finding gaming machines with high jackpots and a low house edge, no skill or strategy is required to play slots. That means you can’t expect to increase your odds of winning in most situations.

Read through the advice below to optimize your chances of winning at slots. None of the advice assures winning sessions. Instead, it helps you stretch your bankroll, so you enjoy playing the slots longer. Also, the longer your bankroll lasts, the more chances you’ll have of hitting the big jackpot every slots player wants.

However, to actually win a jackpot totally different, and if it were simple to win, there would be tons of people out there winning left and right. Sure, winning a progressive jackpot involves a lot of luck, however there some things you can do to increase your chances of winning. Not at all, but the same could be said for every person out there who has actually won a mega jackpot. For that reason, most people who do win huge amounts of money do not have a plan for how they are going to deal with the windfall, financially or psychologically. Know your strategy. Often it’s easier to win in casino slot games with the lower jackpots, as they tend to pay out more frequently. If you are mastering two games, choose one high and one low jackpot game to strike the balance between big wins and those smaller bonuses that will keep your bank balance healthy. Jan 20, 2014  The Real Time powered online casinos let you play the random jackpot slots for free, to allow you to get a feel for how they work, however as you would expect during free play mode you cannot keep any random jackpots won! You can win millions on one spin of the reels and it's this giant jackpot potential that makes progressive slots such a hit with players at both land-based and online casinos. How do they work?

Casino slots jackpot wins

Use a Slots Card

Upon entering a live casino, sign up for a slots card. This provides comps and cashback, which automatically lowers the house edge by a bit. Never play a spin without using your slots card. In an online casino, accept the highest slots bonus and play according to the terms and conditions until you meet the wagering requirement. Once again, this lowers the house edge on online slots.

Make Max Bets

Look at the payout chart on a slot machine to determine how jackpots are paid. On many slot machines, the 5-coin bet pays out a higher percentage on the top fixed jackpot. For instance, a 1-coin bet might pay $200, a 2-coin bet might pay $400, a 3-coin bet might pay $600, and a 4-coin bet might pay $800. You might expect the 5-coin bet to pay $1000, but many slot machines pay out $1200 or $1500 in that case, trying to convince bettors to make the max bet.

If the jackpot increases a bigger percentage with a maximum coin wager, then it makes sense to make the max bet on a slot machine. If the bet size is too high for your tastes, then lower the coin denomination and make a max bet at that level. Of course, if there is no additional jump between the 4-coin and 5-coin bet, then you can wager a single coin and max out the coin denomination to the bet size you like.

Read the RTP Information

If an online casino or land-based casino publishes its return-to-player information, read through the RTP percentages to find the video slots with the best RTPs. Return-to-player or expected return is the percentage of a theoretical $100 you expect to see returned to you. It is a theoretical percentage based on probability, so an RTP of 95% does not assure you’ll be paid $95 for every $100 you put in the machine. You might lose $50 or you might win $150, or you might win a progressive jackpot and go home rich.

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The point of the RTP percentage is to give a player an idea of their expected return. If two slot machines sit next to one another and one has an RTP of 93% and the other an RTP of 95% (and both have similar jackpots), then it pays to play the game with the higher percentage. Over time, this leads to you maintaining a higher percentage of your bankroll.

Money Management Techniques

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Read about bankroll management techniques. “Money management” or “bankroll management” is a series of steps you take to lock on winnings when good luck happens and limit your losses when a bad streak occurs. These do not assure that you’ll win, but it optimizes your bankroll.

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Players should know three core bankroll management methods: percentage betting, win goals, and loss limits. Learn to calculate your bankroll and divide this into percentages. Then bet between 1% and 5% of your bankroll on any given hand, depending on your capacity for risk. This limits the amount of your stake you lose on any given session, keeping you playing for longer throughout your vacation. It is a given that people go to the ATM machine or credit card when they lose their whole bankroll — which means you spend more than you intended. The point of percentage betting is to assure your bankroll last through your whole trip, so you never have to replenish.

What Is a Bankroll?

“Bankroll” is not defined as your entire bank account. It isn’t defined as your discretionary spending budget or the money you have earmarked for entertainment expenses. Instead, it is a part of your discretionary spending cash and entertainment budget which is set aside specifically for gambling. In this case, a bankroll is less than your entertainment budget.

Once you have your bankroll figured, divide this into easy to understand percentage. If you have a bankroll of $1000, then divide this into percentages. These are simple calculations, but you should have an understanding of 1%, 2%, 5%, 10%, and 20% of your bankroll. In the earlier example, 1% would be $10, while 2% would be $20. 5% would be $50, 10% would be $100, and 20% would be $200.

Now that you have these, decide whether to bet 1% to 5% of your bankroll. Most experts suggest betting no more than 1% to 2% in order to maintain your bankroll throughout your casino trip or online slots session.

Setting a Win Goal

Next, set your win goal. This is the amount of winnings you set as your goal for any given slots session. If you have a win goal of 10%, then your win goal would be $100 for any given slot machine sessions. As soon as you hit that goal, you walk away from the slot machine — no matter what. A win goal is a hard-and-fast rule, because it locks in winnings. One of the biggest mistakes players make is losing back their winnings, because they think they’re on a hot streak.

Setting a Loss Limit

Even more dangerous is trying to win back cash you just loss. To protect against this tendency, set a loss limit. Once again, make this your hard-and-fast rule. Typical loss limits can be 5%, 10%, 15%, or 20% — though 20% means you could lose the entire bankroll in 5 slots session. 10% to 15% is a good middle ground. Once you’ve lost that amount, walk away from the slot machine under all circumstances. The slots game is not “due” to pay out, so step away from the machine and clear your mind.

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Win goals and loss limits guard against gambler’s fallacy. Gambler’s fallacy is the idea that the law of averages assures or weight the odds in your favor. Slots use random number generators and every spin is entirely separate from the previous spin. Losing the last spin does not make it more likely you’ll win the next spin. The odds stay the same, no matter how many wins or losses in a row you’ve had.

Avoid Progressive Betting

For that reason, avoid progressive betting systems like the Martingale system, D’Alembert system, Fibonacci system, and so on. Betting experts have used computer simulations to track the progressive betting methods against flat betting (same bet each spin). Flat betting beats all of the progressive betting schemes over 1 billion spins.

Progressive betting seems like it’s working, because it leads to a lot of small winning sessions. The problem is that it also has a handful of huge losing sessions which wipe out all the wins — and then some. You can’t beat the house edge with the Martingale system, however it might look to the naked eye. The Fibonacci numbers are incredible, but they are not a magical way to beat the casino.

The reason progressive bets are bad is they increase the size of your bets (in some systems exponentially). If you start with $5 or $10 bets, a streak of bad luck has you betting hundreds of dollars on one spin. That’s busts your bankroll and leads to a “risk of ruin” — meaning you’ll lose your whole bankroll if you hit a bad luck streak. No matter what you read online, flat bets are better.

Take Breaks for Rest and Refreshments

Play when you are at your best physically and mentally. Don’t play when you’re tired or sleepy. Don’t play when you’re hungry or thirsty. Take frequent rest and restroom breaks. If you get bored, take a break and walk the casino. Play another game to change up the betting pattern.

When you are rested and engaged, you won’t have distractions that might lead to bad decisions. The idea is to have fun, so if anything is causing you to lose focus on the entertainment aspect of the game, walk away and save your bankroll.

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Don’t Go on Tilt

Tilt is a concept in poker where a player makes decisions based on emotional responses instead of solid strategy. It can cost a player a lot of money if they make bets based on anything but rational decisions. While going on tilt is not a concept in slot machine gambling, every game of chance has a personal component.

In short, don’t play when you’re agitated. Take stock of your inner thoughts. If your ego or anger is causing you to make irrational decisions, take a deep breath and calm down. If that doesn’t work, walk away and clear your head. It stinks to lose a series of bets, but what stinks more is to lose a series of bigger bets when you’re trying to make up for lost bankroll.

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Can you really win big at online casinos?

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AuthorMessage
Hello,
I'm very much new to online casinos and gambling on the internet in general. I have yet to play at an online casino as I've always been one whose been skeptical about playing online as you don't find the large brands that you recognize when you go to say Vegas or Atlantic city to be operating any online casinos right now. My worry is that because the games and specifically slots which is what I like to play when I'm at a land based casino are not properly setup to return fair amounts to players who play online. I realize that internet gambling is a pretty huge industry and in particular poker and online casinos as I see them advertised all over the internet. However how do I know that they are legitimate and which ones are more legitimate then others. Because I'm new I'd like to know a bit more before just diving into playing at one that I'd randomly select in playing at. I think that having feedback from real players here would be of value to me. If you don't mind just giving me some ideas and some reassurance it would be greatly appreciated.
Thanks,
Tolsen


Mon Nov 30, 2009 12:09 pm
Yes you certainly can it's not a myth you can in fact win large sums of money playing at online casinos! I think that a lot of people in general have this attitude where they think that everything is rigged and that you can't actually win. I can tell you straight up from my own experiences as a player at online casinos that you can in fact win and sizable amounts as well. Online casinos need to build up a solid reputation and in order to do that they can't very well be cheating players otherwise players would ditch that casino and go elsewhere. Just like if you were playing in Vegas and were always loosing and never one a decent amount once you'd probobly go and try playing at a differnet casino. The same rules apply when playing at an online casino. I really don't think that you have anything to worry about quite honestly!
Best of luck to you regardless of whether you decide to try playing online or now!
All the best to you!
Stephen


Mon Nov 30, 2009 7:03 pm
Absolutely there's no doubt that there are some big prizes to be won playing at online casinos. I've won over 30K at times playing at my favorite Microgaming online casinos in the past. I don't think you have anything to worry about honestly


Tue Dec 01, 2009 9:12 am
It's no joke online casinos are legitimate.. well some of them are at least. If you play at reputable online casinos that are powered by some of the big and main software providers like Microgaming, Playtech, Cryptologic, Realtime Gaming, Vegas Technology, etc.. you shouldn't run into any issues and you will win just as you would if you were to play in a land based casino.
In fact online casinos offer better odds and payouts on their games like slots and scratch cards then that of what you'd typically get in a land based casino for comparable games.
All the best,
Angie


Tue Dec 01, 2009 6:21 pm
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