It’s true what they say: money makes the world go round. These days, if you dream big and want to make your dreams come true, you need investment to get things up and running. While many people look to traditional ways of securing money such as getting bank loans, others try more unconventional methods.
One of these is gambling. Even though the odds are against you and you’re more likely to lose than win, some people still try their luck. They hope to make a profit from playing at an online casino, focusing on slots with high payout rates. But is it really possible to make money from doing this?
A Brief Overview of Winning at Online Slots
Slots are the most common type of game you’ll find at online casinos. There are tens of thousands of them, with the typical Canadian casino offering several hundred or thousand. They’re exceptionally popular because of how varied they can be. They come in an endless range of themes and have a wide variety of features that enhance their gameplay.
When playing online slots for real money, you have to pay each time you spin the reels. To win, you typically have to line up enough matching symbols (usually three or more) on a payline. This is a line that runs across the grid, covering one position per reel (or column). If you win, the size of your payout depends on:
- How many paylines you’ve landed enough matching symbols on
- The number of winning symbols on each payline
- The symbols you’ve won with
Most slots have paylines that determine wins, though a growing number of them use different methods. Some, for example, use cluster pays, where you win by landing enough matching symbols in a cluster. Others have the pay anywhere mechanic in place; with this, you win by having enough identical symbols land anywhere on the grid.
Can You Increase Your Chances of Winning at Online Slots?
Slots are entirely based on luck. When you spin the reels, there’s nothing you can do to influence the outcome. You’re only going to win and make money if you happen to be lucky. With that being the case, there’s nothing you can do to boost your chances of winning.
While there’s nothing you can do to increase your win rate when playing an individual slot, there are a few things that may help your budget in the long run. This is where RTP and volatility come in.
RTP is a term that refers to ‘return to player’ and is measured as a percentage, e.g. 96%. It represents a slot’s average long-term payout and the higher it is, the more of your money you should make back.
As for volatility, this refers to how often a slot should pay out and how big its winnings tend to be. There are three main volatility levels:
- Low. Payouts tend to be frequent and small
- Medium.
- High. Payouts are less frequent but can be large
A general rule of thumb is to stick to slots that have a high RTP and medium volatility. With high-RTP slots, you should lose less money over your gameplay. Choosing slots with medium volatility means you should get some regular payouts and may win a larger cash prize every now and then if you’re lucky.
Progressive Jackpots
It’s worth mentioning progressive jackpot slots. These are slots whose top cash payout increases whenever someone places a bet. The jackpot starts at a set value (known as the seed value) and if you place a bet, a portion of it is added to the jackpot. The more people play the slot and the more they spend, the bigger the cash prize will be.
Progressive jackpot payouts can be very large indeed. The biggest ones have even turned a few incredibly lucky players into millionaires. While it can certainly be tempting to play slots with progressive jackpots hoping for a life-changing win, the odds of securing a win are very slim indeed.
There’s no point in trying to win one because you’re effectively wasting your time. By all means play slots that have progressive jackpots as they can still be fun, enjoyable games. Just don’t expect to land the big prize because you more than likely won’t.
Making a Profit From Playing Slot Games Online
To sum up, it is possible to make money playing online slots, though there’s no guarantee this will happen. Anyone can visit an online casino, spend some money on slots and make a small profit; a few people might even make a large profit. But, most people will walk away with a loss. That’s just the nature of online slots and online casino games in general.
You have to be extremely lucky if you’re going to make money from playing slots online. Even if you manage to do this, your next gaming session could result in a significant loss, bringing your overall earnings down. Gambling isn’t a good way of making money at all. If you want to earn some cash, there are many other more reliable things you can do instead.
Also Read: Famous Americans Who Got Rich Off Online Gambling
