How to Maximise Your Payouts in Online Slots

About 26% of the world’s population gambles, translating to about 1.6 billion people. Of these, 17% bet online, generating a revenue of about GBP£5.3 billion (USD$6.4 billion). 

One popular online casino game is slots. It’s considered the easiest of all online casino games because of its 100% random nature. Online slots are purely a game of chance, and there’s no tactic or strategy you can use to trick the machine into paying out more than it’s designed to. There’s no poor or sound decision. All you typically have to do is spin the reels and hope luck will be on your side.

However, like in every other casino game, gamblers always desire to maximise payouts in online slots. This article offers noteworthy tips you could use to win more cash when playing online slots:

1. Use a cost-effective withdrawal method

Most online slots offer several withdrawal methods. Popular options include the following:

• Bank wire transfer
• Credit cards
• Cryptocurrencies like Bitcoin, Dogecoin, and Ethereum
• E-wallets
• Mobile money payments

These options differ in fees and the time taken for the cash to reach your account. In most cases, wire transfers are the most costly and slowest. On the other hand, withdrawing your money to e-wallets is one of the most affordable and fastest options. 

On this note, you may want to try PayPal slots, which use one of the leading e-wallet platforms for withdrawals. The lower the withdrawal charges, the more money you have in your pockets.

2. Opt for slot games with a lower house edge

Also known as the casino advantage, the house edge guarantees that a casino will always make a profit. In 2021 alone, US casinos won a whopping GBP£44.03 billion (USD$53 billion), and the figures are likewise high in most other countries. In other words, casinos can never make a loss. 

The house edge is an algorithm integrated into the game itself, not set by a casino game provider. Your winning point is choosing a slot game with a low house edge, meaning there are higher chances of winning. House edge for slots varies between 2 and 15%. Choose games at the lower end of this range. 

3. Go for high return-to-player (RTP) ratios

Another tactic to maximise payouts is playing online slots with high RTPs. Return-to-player refers to the amount of money given back to gamblers relative to the sums wagered. It’s given as a percentage. Again, the figure can never be more than 100% because the casino will lose money in this case. 

An RTP of 90% means you’ll receive GBP£90 (USD$108) for every GBP£100 (USD$120) wagered. It’s a statistical average calculated over millions to billions of games, meaning you can get more or less this figure. Additionally, it’s not a determinant factor for a single gaming session. Since you spin just a few times in any session, you may witness quite some variance from the stated RTP.

The bottom line is slots with higher RTPs increase your chances of winning. An RTP of 96% is a reasonable standard. But some casinos offer RTPs even more than 99%. Go for these when choosing an online casino.

Notably, most online slots have RTPs above 92%, unlike land-based slot machines, which can go as low as 85% because of the higher running costs. You can usually find the payout details on the game’s dashboard or through an online search.

4. Take advantage of bonuses

Casino sites are in tough competition, hence will craft prudent strategies to lure gamblers to their sites. One way they do it is through bonuses. You can get a monetary reward by signing up with a given casino, depositing cash, or wagering beyond a predefined threshold. 

Notably, most casinos will require you to claim the bonus instead of crediting it automatically to your account. So, ensure you understand the claiming process and initiate it at your earliest convenience. Bonuses increase your account balance, allowing you to spin more and win real cash.

Aside from monetary bonuses, you’d want to take advantage of free spins, cash backs, and VIP points. All these freebies boost your payouts.

5. Play higher denomination slots

It’s proven that higher denomination slots pay better than low denomination ones. Suppose you bet one coin per line on a 10-line slot game. If you choose 1-pound denominations, your total wager will be GBP£10 (USD$12). But if you select 1-cent denominations, your total bet will be 10 cents. 

Risking more money leads to high-profit potential, but it also means you can lose vast sums of money. However, combined with the other strategies highlighted herein and spinning repeatedly, you can get significant profits by wagering with higher denominations. 

Just ensure to set betting limits. Know the maximum amount you’re willing to lose in a given gaming session or hour, and stick to it. If you’ve capped your hourly budget at, say, GBP£100 (USD$120), don’t exceed this limit even if you’re in losses by the end of the session. Chasing losses may only aggravate issues.

6. Pick slots with the smallest jackpots

Online slot games with smaller jackpots typically pay out more often, unlike slots with gigantic jackpots. A bigger jackpot isn’t easy to hit. It also takes quite some time before someone wins. You may want to opt for smaller jackpots for a higher chance of winning. 

Besides jackpots, you might want to participate in online slot tournaments, especially those with guaranteed prizes. It’s a strategy to win bigger prizes without waiting for jackpots, which have a slimmer chance of winning. 

7. Bet the maximum

Most slots pay higher if you bet the maximum number of coins possible. Slot providers typically exponentially increase the rewards if you bet on the maximum coins allowed. For instance, a one-coin wager may attract a payout of 500 coins, 1,000 coins for a two-coin stake, and 4,000 for a three-coin wager. The leap for the maximum bet is what you should be after. 

Conclusion

Online slots are a popular game because of the entertainment value and winning potential they offer. While it’s purely based on luck, you can maximise your payouts through several tactics, as discussed above. As a good practice, withdraw part of or all your winnings as soon as possible. Don’t be tempted to use it to play more; you may lose it all and regret it.