The best strategy for finding the hot (paying) slot machines is to go to the casinos on slow nights (Monday-Wednesday) or in the off hours (after 2 AM) when the casinos are not crowded and more games are available to play. Say you have a favorite game you like to play - mine is Mega Winner II. Unfortunately, there is no way to tell when a slot machine is going to hit. Slot machines all have a random number generator inside. This means every pull is independent from each other. I have played at machines that have hit 3-4 times in a minute and other machines that don't pay off in a 10 minute span.

Remember the movie National Lampoon’s Vegas Vacation, when gambling fever consumes Chevy Chase’s character, Clark W. Griswold? He goes on a losing streak to beat all losing streaks while his son, Rusty, wins four cars by playing the slot machines. Maybe Clark would have done better if he had read Probability For Dummies! In this article, you discover the basic ideas behind slot machines and how they work, so that you can get past the myths and develop a strategy based on sound probability.

Understanding average payout

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When casinos advertise that their slot machines pay out an average of 90 percent, the fine print they don’t want you to read says that you lose 10 cents from each dollar you put into the machines in the long term. (In probability terms, this advertisement means that your expected winnings are minus 10 cents on every dollar you spend every time the money goes through the machines.)

Suppose you start with $100 and bet a dollar at a time, for example. After inserting all $100 into the slot, 100 pulls later you’ll end up on average with $90, because you lose 10 percent of your money. If you run the $90 back through the machine, you’ll end up with 90 percent of it back, which is 0.90 x 90 = $81. If you run that amount through in 81 pulls, you’ll have $72.90 afterward (0.90 x 81 = 72.90). If you keep going for 44 rounds, on average, the money will be gone, unless you have the luck of Rusty Griswold!

How many pulls on the machine does your $100 give you at this rate? Each time you have less money to run through the machine, so you have fewer pulls left. If you insert $1 at a time, you can expect 972 total pulls in the long term with these average payouts (that’s the total pulls in 44 rounds). But keep in mind that casinos are designing slot machines to go faster and faster between spins. Some are even doing away with the handles and tokens by using digital readouts on gaming cards that you put into the machines. The faster machines can play up to 25 spins per hour, and 972 spins divided by 25 spins per minute is 38.88 minutes. You don’t have a very long time to enjoy your $100 before it’s gone!

The worst part? Casinos often advertise that their “average payouts” are even as high as 95 percent. But beware: That number applies only to certain machines, and the casinos don’t rush to tell you which ones. You really need to read or ask about the fine print before playing. You can also try to check the information on the machine to see if it lists its payouts. (Don’t expect this information to be front and center.)

Implementing a simple strategy for slots

Advice varies regarding whether you should play nickel, quarter, or dollar slot machines and whether you should max out the number of coins you bet or not (you usually get to choose between one and five coins to bet on a standard slot machine). In this section, you’ll find a few tips for getting the most bang for your buck (or nickel) when playing slot machines.

Basically, when it comes to slot machines, strategy boils down to this: Know the rules, your probability of winning, and the expected payouts; dispel any myths; and quit while you’re ahead. If you win $100, cash out $50 and play with the rest, for example. After you lose a certain amount (determined by you in advance), don’t hesitate to quit. Go to the all-you-can-eat buffet and try your luck with the casino food; odds are it’s pretty good!

Choosing among nickel, quarter, and dollar machines

The machines that have the higher denominations usually give the best payouts. So, between the nickel and quarter slots, for example, the quarter slots generally give better payouts. However, you run the risk of getting in way over your head in a hurry, so don’t bet more than you can afford to lose. The bottom line: Always choose a level that you have fun playing at and that allows you to play for your full set time limit.

Deciding how many coins to play at a time

How To Tell If A Slot Machine Is Going To Hit Big

When deciding on the number of coins you should play per spin, keep in mind that more is sometimes better. If the slot machine gives you more than two times the payout when you put in two times the number of coins, for example, you should max it out instead of playing single coins because you increase your chances of winning a bigger pot, and the expected value is higher. If the machine just gives you k times the payout for k coins, it doesn’t matter if you use the maximum number of coins. You may as well play one at a time until you can make some money and leave so your money lasts a little longer.

For example, say a quarter machine pays 10 credits for the outcome 777 when you play only a single quarter, but if you play two quarters, it gives you 25 credits for the same outcome. And if you play the maximum number of quarters (say, four), a 777 results in 1,000 credits. You can see that playing four quarters at a time gives you a better chance of winning a bigger pot in the long run (if you win, that is) compared to playing a single quarter at a time for four consecutive tries.

The latest slot machine sweeping the nation is the so-called “penny slot machine.” Although it professes to require only a penny for a spin, you get this rate only if you want to bet one penny at a time. The machines entice you to bet way more than one penny at a time; in fact, on some machines, you can bet more than 1,000 coins (called lines) on each spin — $10 a shot here, folks. Because these machines take any denomination of paper bill, as well as credit cards, your money can go faster on penny machines than on dollar machines because you can quickly lose track of your spendings. Pinching pennies may not be worth it after all!

Casinos are a game of luck – but not entirely. There are professionals who actually make a living from playing Casinos full-time.

We’ve done our research and cut through the garbage to bring you 5 things you need to know before considering Online Casinos.

#1: Use Risk-Free Starter Bonuses

Competing Casino companies are offering free Starter bonuses to attract new players, usually worth between $20 and $2000.

Use this free money to get used to the game and build your strategy. After all it’s not your money yet, only once you actually deposit you are at a risk of losing money.

#2: Have a good strategy

Slots are really a game of luck. Still you will come out on top with a good strategy you have to choose in advance.

Set how much you’re willing to invest, to lose, and at which amount you want to cash out. Don’t get emotional but follow your strategy instead.

#3: Choose one game and specialize

Experiences is king. Choose one specific Casino Game and become an expert at it – you can get a deeper understanding of the rules and mechanics behind it, which in turn allows you to improve your strategy.

#4: Not All Online Gambling Sites are legal

Playing on regulated online casino websites means that the funds you deposit are safe and you’ll be able to cash out quickly! Be careful and do not play on questionable sites.
If you are not from Canada check your local regulations, in many countries Online Casinos are illegal.

#5: Don’t Get Greedy! Know your limits

How To Know When A Slot Machine Is About To Hit Big

Lastly, perhaps the most important rules of all are “Don’t Be Greedy” and “Don’t invest what you can not afford to lose”.

Online casino success is about winning money – not winning money and then losing it all again. Set a target and stick to it.

How To Tell A Slot Machine Is Going To Hit Hardest

Let’s say your target is to win $150. Once you reach that amount, cash out your winnings and wait for the casino to offer you another deposit bonus and start again. Know when to quit. Don’t get emotional and keep playing.