We’d like to point out that online casino software providers categorize slots into low, medium, and high-variance slots. Every spin on slots for real cash is independent of the previous one and future spins.
A slot game will be illegal if the casino online controls the outcome of each spin.
The problem is many players still don’t know the difference between the three. The bigger the jackpot of the real money slot machine is, the more volatile it is.
To best illustrate our point we’ll use a few examples. Judith, we assume you’re a casual slots player hence the reason you only play at low stakes.
Low Stakes Slot Games
So, we’ll start with a low-variance slot machine like The Hive from Betsoft first.
The minimum bet is 10 cents up to $10. As you can see the entry level is very low. More interestingly, the RTP of the game is 96.97%, and the jackpot is $30,240.
Just from the size of the jackpot and the RTP, we can glean that it’s a low-variance slot game. If you wager $0.10 per line and there are 30 paylines.
The maximum amount you can win on a single spin is $3 in the base game. The more money you risk per line the higher the payout.
This is only fair because the jurisdictions that license online casinos regulate fair and safe play. Right?
Before you deposit and risk real money play slots online for free first. It gives you ample time to experience the payouts, the software, and how to trigger a bonus. That’s the gist of it at least.
Do Volatility and Payouts Increase With Bet Size?
“What I noted was that players who bet more than I receive bigger payouts. Interestingly, I win more often than them.”
Let’s look at the next section of your question. Let’s assume players prefer high-variance slots like Betsoft’s Trinity Reels.
Trinity Reels is a high variance slot with a jackpot of 21,673x the stake. As you can see it is significantly larger than that of The Hive.
Trinity Reels has a Cascading feature which means repeat wins are possible. Furthermore, the slot offers Free Spins, Trinity Reels, Wild Boost, Mystery Symbols, and Bonus Option.
We know that it has a huge jackpot. What about the RTP and the coin betting range? The RTP is 95.96%, and bets go from $0.20 to $16 per spin.
If your smallest wager is $0.10 when you play The Hive, you can win a maximum $3. Technically speaking, you’ll receive more winning spins than the players who bet more than you.
You won’t necessarily win more cash than they do. The old adage applies: “To win more you have to risk more”. So, yes, you will win more than they do but they’ll receive the bigger payouts.
The Bigger The Risk The Higher The Payout
“And, is the probability to win at the max bets lower?” Yes, absolutely. It’s pure economic sense. Slot machine developers and online casinos want to make money.
They want real money slot machine players to bet more. Why? The RTP for high variance slots is a mathematical model software providers determine over millions of spins.
The more money players spent on the slot game the more money the software providers and the online casinos make.
However, it does not mean they don’t offer the odd big win. After all, if they don’t, online casinos won’t make any money either.
If you want the maximum possible win within the confines of your bankroll risk more money. Players who bet the maximum bet on a high-variance slot machine can experience up to 20 dry spins.
Your probability of a win is significantly lower. If a big win does come along it’s usually a big one. Some online slot providers also include the stats of their Mega Wins.
More to the point, a Mega Wins pays out after 800 or so spins. This helps slot players to build a proper bankroll. Once again, it depends on whether you’re playing low or volatile slots.
Real Money Slots Rewards
Judith, since you play slots for real money online albeit with low stakes. We want to make sure you get the best bang for your buck. Our trustworthy American casinos track every dime you spend over time.
They reward you with bonuses, free spins, and complimentary points. Once you notched up at least 100 comps you can ‘sell’ them for $1. The going comp rate is 1 point for every $10 you wager on slot machines.
Casino slots: max or minimum bets? Well, that’s entirely up to you. Before you sign up at an online casino, check if you like their bonuses. Not only the ones they offer you upon sign-up. But the ones they give you once you become a loyal depositor.
Online casinos in the United States also offer cashback on losses of up to 10%. If you lost a certain amount of cash they’ll return 10% of the money you lost.
We’d like to conclude with the following. Online slot machines have a negative expectation. It doesn’t matter which slots strategy you follow; you will lose over the long haul.
Yes, you will win money in the short run. We advise you to play a minimum of 50 spins on at least 5 different slot machines. They can be low, medium, or high variance.
Remember to keep your average bet per spin the same. Always play slots online with RTPs of 96% and above.
They must offer you plenty of bonus rounds that increase your odds of winning. We recommend you have a look at our expert 10 tips to become a better gambler. That’s a wrap, take care, and good luck!