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What Are Your Odds Of Winning On An Online Slot Machine?

Online slot machines are a fixture in most online casinos and are usually the most popular games there, but it’s no secret that they don’t give the best odds of winning. They can be tons of fun, however, and this should be your mindset when playing them. Rather than playing to win, concentrate on enjoying the experience, immersing yourself in the story, and having fun.

What Are Your Odds Of Winning On An Online Slot Machine?

If you play slots games with the sole intention of trying to win a jackpot, you will eventually get frustrated and lose a lot of money unless you try to come up with some sort of system to beat the odds.

Because of this, it is sensible tolearn more about how slot game odds work, so you can have realistic expectations. You should also know that there are ways to know which machines are more likely to pay out than others. So, what are the odds of winning on an online pokies machine?

General Odds

The first thing you should know is that every machine is different and the odds can vary greatly depending on which one you pick. You’ll find some machines that have a 1 in 5000 chance of paying out while others will have odds as low as one in 17,000,000 spins, which is comparable to some of the biggest lotteries out there. Not surprisingly, these slots are more about having fun playing the game than actually winning any money.

Many things can affect the odds of an online video slot game. One of them is the way you play. You can’t use strategy to win consistently with slot machines, but some errors will significantly decrease your chances. Another thing that will affect your chances of winning is RTP, or return to player ratio. Volatility is another metric that will help you find out how likely you are to win. Let’s take a look at what these things are and how they affect pay outs.

RTP and Volatility Explained

One of the most beautiful things about online pokies is how transparent they are. A lot of people are not aware of this, but online casinos will tell you how good the probabilities on their machines are. As a matter of fact, they are obligated by law to do so.

One of the ways they indicate this is through the RTP, or return-to-player ratio. This is a theoretical representation of how much money is returned to players based on the amount of the wagers. So, if you see that an online slot has a 95% RTP, this means that $95 is returned to players on every $100 they spend theoretically.

Another metric that will give you an indication of your chances to win is volatility. Volatility is not represented by a percentage like the RTP, however. You can either have low, medium, or high volatility – high volatility offers the best chances.

How to Pick the Right Machine

Once you know about RTPs and volatility, you can start looking for the best machines for you. One thing you shouldn’t do is pick the safest machine. That’s because they will usually offer very modest pay outs and you will still lose at the end of the day most of the time.

You also shouldn’t go with machines that offer the highest jackpots. These machines manage to rack up such huge jackpots because of the people who lose to them. So, if you see a machine with an outlandish jackpot in the millions, there’s a strong chance that it’s largely unattainable and that the RTP will be ridiculously low.

Your best bet, no pun intended, is to go for machines with medium jackpots, medium/high volatility, and a good RTP ratio. What is a good RTP ratio you ask? Well, anything between 95% and 97% should be considered. Anything lower or higher than that is simply not worth it.

Errors to Avoid

If you want to improve your chances of winning, there are some things that you’ll have to stop doing when playing slots. One of them is playing on penny slots and only putting the minimum down. Minimum bets might get you a spin but won’t get you to bonus rounds which is where you get the real chance to make good money. So, try betting a bit more than the minimum when playing but don’t go for max bets as they will deplete your bankroll faster without giving you better odds.

Don’t pick unbranded slots either. Many casinos use those to bait new players and they will usually have horrible odds. You should also learn how to manage your bankroll and divide it so you can spread your bets across your sessions.

Conclusion

There is no doubt that slot games are fun to play – and for good reason. Many of the top slot games have engaging storylines and amazing sounds and graphics. However, if your primary aim is to win some money, it is important to understand how odds work and what affects your odds of winning. The odds of winning at online slots will depend on all sorts of factors, as outlined above. Online video slots games can be a great option if you don’t want to think too much and enjoy casual gaming, but you have to choose and use them wisely if you don’t want them to turn into a money pit.

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