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Being a winning slot machine player is impossible. All slot machines are created specifically so that you can provide the house a long-term edge, so the home will always come out ahead if you play long enough. The only real way to counteract the home edge on slot machine games is to play a game with a really big jackpot, bet the max every time you play, and hope that you hit the jackpot. Then when you do hit the really big jackpot, guess what you do next? Stop playing that game.
Don’t get me wrong. I’m not saying that you shouldn’t play slot machines. The truth is, I think slot games, particularly the really good ones, are a lot of fun. But you want to keep in the forefront of your mind that mathematically, what you are doing when you are playing a slot machine on a long term basis is paying for entertainment. You may calculate just how much you are paying for that entertainment by multiplying the home edge times your average bet times your range of spins every hour.
As an example, when you are playing a slot game with a payout of 95%, then the home edge is 5%. (The casino keeps 5% of every bet you make long-term.) And if you are average bet is $3, online then you are going to pay the average of 15 cents per spin to the home. (5% times $3.) Assuming you’re making 500 spins every hour, that game costs you $75/hour to play, which may or may not be a reasonable price for you entertainment. That relies upon your bankroll.
Another thing to factor into your calculation is how much the perks and bonuses you’re getting back from the casino are worth. If you are playing in a land-based casino where you’re getting free drinks while you play, in which case you can subtract the cost of those drinks from you’re hourly cost. (Or you may add the price of those drinks to the value of the entertainment you’re receiving–it’s just a matter of perspective.) My recommendation is to drink top-shelf liquor and premium beers as a way to maximize the entertainment value you’re receiving. A Heineken can cost $4 a bottle in a great restaurant. Drink two Heinekens per hour, and you have just lowered what it costs you to play each hour from $75 to $68.
Slot clubs also give back a portion of your losses each hour, so definitely be sure you join the casino’s slot club and ALWAYS use your card to track your play. There’s absolutely no reason not to do this. Casinos also reward their larger slot players with comps like meals, show tickets, and free rooms, which all add up to reduce the amount of cash you are spending each hour that you’re playing on their own machine.
Now how to be a winning slot machine player? I’d sum it up by saying know how much it’s costing you to play each spin and each hour, make use of all of the comps as well as the perks, and go for the big progressive jackpot.
