Chances Of Winning Penny Slots
There are now slot games based on television shows, poker, craps and horse racing, just to name a few. To learn more about modern slot machines, including strategies to increase your chances of winning, check out the links below. Therefore the chance of hitting five cherries in a row is 1/5 x 1/5 x 1/5 x 1/5 x 1/5, or 1/3125, or 0.032%. Your odds of winning are better than this, as you can hit five bells, five whistles or five of any other set of symbols, so on this machine your odds of any set of five are actually 5 x 0.032%, or 0.16%.
- Odds Of Winning Slot Machines
- Winning Slot Videos
- What Are The Chances Of Winning Penny Slots
- Chances Of Winning Slot Machines
This is the first part in a new series we are running on how you can get the most from your online slots play.
It is true to say that the odds are set against you when you play a slot machine, but at the same time, you can improve your chance of winning. This allows you to get more fun from your money and a bigger chance of hitting a jackpot.
When you play in a land-based casino, the big question is how to choose a machine and also, whether to max bet or not. With online slots, the bonus offers are a big factor. We discuss both of those below:
Decide Whether to Max Bet or Not
Some slot machines pay out better when you play max bet. For example, on some 3-reel games, if you hit a line of the top-paying symbols you might win (for example) 1,000 credits if you play 1 credit per line.
But, if you had been playing max credits per line (for example, 3 credits), then the top win might rise to 10,000.
In this type of example, you should play max bet, because if you hit that top winning line, you stand to win a lot more than you would otherwise
Odds Of Winning Slot Machines
With other games, it makes no difference whether you max bet. For example, most video slots pay out the same, no matter how many credits per line you play.
One exception with video slots, is when there is a progressive jackpot. If you play a game like Wizard of Oz, which has a big progressive, you can only win if you play max bet. The max bet is usually $3 or $4 per spin, so you need quite a lot of money to play, but you get much better odds when you max bet.
If you don't have enough to max bet, then I would say it is better to choose a slot with a lower domination that does not have a progressive.
So, if you like penny slots, search for a jackpot you can win without max bet
Decide if a Bonus is Good for You (or not)
With online casinos, you will nearly always be offered the chance to take up one of their 'free cash' bonuses.
With a free cash bonus, the casino will match you initial deposit. for example, if you deposit $100, they will give you an extra $100, so you will start your play with a total of $200 (this is a 100% bonus)
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Take a look at the latest list of Bonus Offers for Online Slots
Other casinos go further than that - some will offer 200%, 300% or even 400% bonuses. With a 400% bonus, if you deposit $100, you will get $400 extra, meaning that you get to play with $500 in total.
Terms and Conditions
Of course, all casino bonuses come with terms and conditions. If you take a 'free cash' bonus, the casino will expect you to actually play with the money. If they didn't enforce a minimum play rule, then people would just take the cash and run!
So, with a bonus, you must play through the bonus a certain number of times. Usually, this means you have to play 25x the total (of deposit + bonus) before they will allow you to cash out the winnings.
These bonuses are fantastic to play jackpot games, because you get so much more chance to hit the big jackpot. To win at slots with jackpots, bonuses are a perfect tool to give you the best odds.
However, bonuses might not be so good for the type of player that just wants to hit a $200 win playing slots and cash out straight away, because of the need to complete a play-through.
So, you need to decide yourself what type of player you are and then decide whether you will take your bonus offer or not. That will help give you the best chance of winning, depending on what type of win you are going for.
Slot machine odds used to be easy to calculate. When you’re dealing with three reels, ten symbols on each reel, and a limited pay table, then it’s just a simple math problem. But the rise of electromechanical slot machines and (later) video slots added some complexity to the situation.
How Probability Works
Probability has two meanings. One is the likelihood of whether or not something will happen. The other is the branch of mathematics that calculates that likelihood. To understand the odds as they relate to slot machines (or any other gambling game), you have to understand the basic math behind probability.
Don’t worry though. The math isn’t hard. Probability involves addition, subtraction, multiplication, and division, all of which you learned in middle school.
The first principle of probability is that every event has a probability of between 0 and 1. If something has no chance of ever happening, then its probability is 0. If something will always happen, no matter what, then its probability is 1.
Probability is, therefore, always a fraction. It can be expressed in multiple ways, as a decimal, as a fraction, as a percentage, and as odds.
A simple example is a coin flip. The probability of getting heads when you flip a coin is 50%. That’s common sense, but how is it determined mathematically?
You simply take the total number of possible outcomes, and divide the outcome you’re trying to determine the probability of it by that number. There are two possibilities when flipping a coin, heads or tails, but only one of them is heads. That’s 1 divided by 2, which can be expressed as ½, 50%, 0.5, or 1 to 1 odds.
Odds are expressed as the number of ways something won’t happen versus the number of ways that something will happen. For example, if you’re rolling a single six-sided die, and you want to know the odds of rolling a six, you’re looking at 5 to 1 odds. There are five ways to roll something other than a six, and only one way of rolling a six.
When you want to determine the probability of multiple things happening, you use addition or multiplication, depending on whether you want to determine whether one OR the other event will occur, or whether you want to determine whether one event AND the other event will occur.
If you’re looking at an “OR” question, you add the probabilities together. If you’re looking at an “AND” question, you multiply the probabilities by each other.
So if you want to know what the probability of rolling two dice and having one or the other come up with a six, you add the probabilities together. 1/6 + 1/6 = 2/6, which is rounded down to 1/3.
If you want to know the probability of rolling two dice and having BOTH of them come up six, you multiply the probabilities. 1/6 X 1/6 = 1/36.
How Slot Machine Odds USED to Work
Early slot machines were mechanical devices. They had three metal reels that had ten possible stops each.
To calculate the odds of a single symbol appearing on a reel, you just divide the one symbol by the total number of potential outcomes. So if you had one cherry on a reel, your odds of hitting that cherry were 1/10, or 10%.
To calculate the odds of getting three cherries, you multiple 1/10 X 1/10 X 1/10 and get 1/1000, or 0.1%.
If the odds of hitting that symbol are the same as all the others, then you have 10 possible jackpots you can win, which means that your chances of winning SOMETHING are 10/1000, which is 1%.
Most people wouldn’t play a slot machine that lost 99 times out of 100, though, so slot machine designers added additional, smaller prizes for getting two symbols out of three for certain symbols. And as long as they paid out less in prizes than the odds of hitting those jackpots, then those slots are guaranteed to make a profit in the long run.
For example, if a prize for hitting three cherries was $1000, you’d be playing a break-even game, but if the prize were $750, it’s easy to see how the casino would be guaranteed a profit. The difference between the odds of winning and the payout odds is where the casino makes its money.
How Slot Machines Work Now
Modern slot machines use a computer program called a random number generator to determine the outcomes of the various spins of the reels. This creates an imaginary reel with a number of symbols limited only by the program in question.
A mechanical slot machine with 256 symbols per reel would be huge, too large to play, much less to build. But a computer can create an imaginary reel with 256 symbols per reel and take up no more space than an iPod Shuffle.
Winning Slot Videos
To make things even more interesting and entertaining, slot machine designers can program different probabilities for each symbol to come up. Most symbols might come up once every 256 spins, but others might come up twice as often, while still others might only come up half as often.
This enables slot machine designers and casinos to offer slot machine games with far larger jackpots than they were able to when they were limited by mechanical reels. And they’re able to offer these large jackpots and still generate a healthy profit.
What Are The Chances Of Winning Penny Slots
How Does This Relate to Payback Percentages?
The payback percentage is the amount of money that the slot machine is designed to pay out over an enormous number of spins. This number is almost always less than 100%. The difference between 100% and the payback percentage is the house edge, and that’s where the casino makes its profits.
Chances Of Winning Slot Machines
A simple example can help illustrate how this works. Suppose you have a slot machine with three reels with ten symbols on each, and it only pays out when three cherries hit. The odds of winning that jackpot, as we determined earlier, is 1/1000.
If we set the jackpot as $900, and charge $1 per bet, the payout percentage for that game will be 90%, or $900/$1000. Of course, no one would play a slots game which only paid out once in every 1000 spins, which is why there are various smaller payouts programmed in.
There’s no way to tell what the payback percentage on a particular game is unless you have access to the par sheet for that machine. Casino management has that information, but players never have access to that info.
The best slot machine odds are almost always found in real casinos. If you see slot machines in an airport or a bar, be aware that the payback percentages on those games is much lower than you’ll see in a real casino.