How to Win Big Money Playing Progressive Slot Machines
Are you a gambler? You’re not alone.
Gambling is a $13 billion per year industry in Canada. It’s no secret that slot machines are a big driving force behind the gambling boom.
Slot machines are some of the most popular casino games. They’re flashy, easy to play, and offer big payouts. But how can you get an advantage? How can you make the most money playing slots?
Progressive slot machines are the secret behind big wins. They often go unnoticed, but you can win big money playing if you know what you’re doing. Here are some tips to help you beat the odds and bring home fast cash.
What are Progressive Slot Machines?
Before we share our secrets for success, we need to answer what is a progressive slot machine.
Progressive slot machines differ from other slot machines because a percentage of each bet adds to the jackpot. That means that all of your bets are contributing to the potential pool of winnings.
This might sound appealing. After all, who wouldn’t want a higher jackpot? However, hitting the jackpot with progressive slot machines isn’t easy.
Progressive slot machines also offer lower payout percentages than other machines. That means your odds of making fast money are lower.
Don’t let this steer you away from progressive slots. You can still win. You just need to prepare.
Progressive Slot Tips
Progressive slots are all about the jackpots.
Because each spin adds to the jackpot, you should aim to bet the maximum. The best payout on progressive slot machines comes from placing max bets.
Let’s say your slot machine’s minimum bet is .50 cents. You might think you’re saving money by only betting the minimum. That is until you hit a jackpot.
Betting .50 cents means your limiting your potential. You could make double (or triple) the jackpot by placing the maximum allowable bet.
Your odds of hitting a jackpot may be low, but it’s all worth it for that one lucky spin.
On the other hand, you should avoid playing slots that recently paid out a jackpot. Progressive slots reset after a jackpot win. It’s not worth it to play a progressive slot with a low jackpot number because of the poor payout percentage.
There are many misconceptions about slot machines. Some people think you can game the system. Others try to play “hot” machines or slots on the end of a row.
You might want to believe these myths are true. However, they’ve been largely debunked. But that doesn’t mean you can’t make some quick wins on slot machines.
Professional gamblers use a two-pronged approach to get quick wins. The first is to limit their play to progressive slots with large jackpots.
The other strategy is to play slots with additional perks. Many casinos offer points, complimentary spins, and even complimentary items to gamblers.
No gambling strategy is without its risks. You might suffer some initial losses.
But your chances of getting a big payout are higher with progressive slots. You can level out your losses with free perks from lower stake slots.
There’s no denying the allure of quick wins. 59 percent of 18-34-year-old Canadians gamble in the hopes of winning some fast cash.
Quick wins may be great. But the real secret to progressive slot payouts is a long-term play.
One method you can employ is analyzing the slot machines payout frequency. This will require a large number of spins and upfront cash. By playing enough of the same slot, however, you’ll be able to expect how often a machine will pay out.
That’s not to say that this is a guarantee you’ll win. But it will give you an advantage.
If you’re looking to get serious about slot machines, it’s time to put in the hours. Playing for long spans of time is the best way to understand a machine and its payouts.
High Risk, High Reward
Betting the maximum may not sound appealing. Risking large sums of money leaves you vulnerable to soul-crushing defeats.
Often times, progressive slots only offer jackpots if you place a maximum bet. This is common in three-coin dollar machines. In this scenario, you can’t win the jackpot if you only bet one or two coins.
Not all gamblers have a large quantity of money lying around. You don’t have to risk all your money to win.
An alternative strategy is to play a four-tiered progressive slot. These slots payout four different jackpots based on the betting amount.
You can still win a jackpot by not placing the maximum bet. Instead, you can win a “bronze” or “silver” level jackpot.
You may not win the highest jackpot payout. For many gamblers, playing multi-tiered slots is the best strategy. It allows for more spins while still offering a chance for a large jackpot payout.
Play Your Budget
We’ve all had dreams of hitting that one big jackpot, quitting our jobs, and buying beachfront property in Malibu. Yes, that sounds appealing. But it’s important to know your limits when gambling.
Always play progressive slot machines with your budget in mind. You should only play slots that allow you to play for several hours at a time.
The longer you play, the better the odds of a payout. Playing high stakes could leave you penniless after only a few rolls.
Do you only have a couple hundred dollars to spare? You might want to reconsider playing the dollar slots. Opt for a lower stakes slot instead.
You don’t have the option to hedge your bet or place multiple bets on slots. Your risk all boils down to the luck of the spin.
Play within your budget and know your limits. You may not win that beach house. But you’ll avoid big losses and will have the opportunity to play slots for hours on end.
More Gambling Tips
Are you looking to play slots? You don’t want to miss progressive slot machines.
Progressive slot machines can offer big payouts and jackpots. Use these strategies to give yourself a shot at big money.
Are you looking for more gambling tips? We can help. Check out our casino reviews for rankings on the top online casinos in Canada.