Online Slots Strategy

There is no surefire way to guarantee that you will win playing online slots despite the plethora of articles that you will find on the web claiming to have found a secret formula. Most of these articles are just click bait to try and entice you into playing slots. However, there are certain strategies that you can apply to the way you play online slots that increase your chances of walking away with a profit and most importantly reduce your losses.

Here are some of the key tips for playing online slots:

  1. Understand RTP

RTP stands for ‘Return to Player’. Every slot has an RTP set as a percentage. For example, Mega Moolah is one of the most popular online progressive jackpot slots and comes with an RTP of 88.12%. This means the house edge on this slot is 11.88%. Most non-progressive slots come with an RTP of between 94% and 98%.

Take Home: Play slots with a high RTP percentage. The higher the RTP, the higher than chances are that you will have a hot streak and win. On the other hand, you are reducing the risk of losing your cash too.

  • Set Yourself Limits

Although playing for high-stakes can give some slot players a thrill, it is also the quickest way to burn through your bankroll. At the same time, it will shorten the amount of time you get to play on the slots. Do not feel that a $0.20 per spin bet means you are a lesser slots player.

The idea of playing slots is for fun, and to play for as long as you can. Therefore, if you want to play slots for an hour, then you may get through 600 spins. That means you will wager approximately $120. Within that $120, you will win free spins, combination wins, and bonus feature payouts. Let’s say the slot has an RTP of 98%, you may win back $117 back; although RTP does not work as fluidly as the percentages would suggest – we will get into that in the next section.

Take Home: Only you know your playing style, so figure out how much you can afford to lose. Always try to space out your budget and play stakes you can afford, so you do not suddenly find your casino account empty.

  • Understand Variation

Points 1 and 2 in this guide are governed by variation. Take for example the RTP of winning a coin toss. If you bet the same side of the coin, then the RTP is 50%. However, we all know after 10 flips the results of the toss are rarely 5 a piece. Probability says that you have a 50/50 chance, but within probability there is variation. Slots are the same.

The slot may have an RTP of 98%, nonetheless, you may end up betting $100 and only winning $20 back. This is known as a downswing. Conversely, you could wager $100 and win $200 because you are having an upswing in variation. If you are losing a lot on one slot, then switch to another one or lower your stakes until you feel you start to win again. 

When you are losing a lot, this is also a great indication to quit for a while. Take a break, reset, and do not try to chase your losses.

Take Home: Understanding slots RTP and variation can help you know when to stop when to reduce your stake, and when to increase your stake.

Summary

As you have just read. There is no formula for winning online slots, but there ways you can control the way you play. Understanding RTP and variation are also important factors in deciding how much you should bet spin and per session. As mentioned, only you know your style of play, so it is up to you to use the tips in this guide in order to become a smart slot player and add longevity to your play as opposed to going broke in just a few spins.