Are There Such Things As Hot Or Cold Slot Machines

Online Slots Payouts

Slot machines don’t really get “hot” or “cold”. One of the best examples of the gambler’s fallacy is the belief that a slot machine game gets hot or cold. The idea is that a game which is paying out a lot is somehow “hot” and will continue to pay out.

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When you play slot machines whether in a land based casino or online casino they all have a payout percentage that they payback over the long run. It’s good to note quickly that most online casinos have better payout percentages then land based casinos making it better to play online slots then slots at your local land based casino. If you’re unsure exactly what a payout percentage is we’re going to define it for you in simple terms.

A payout percentage for slot machines is simply how much the slot machine pays out over thousands of spins. For instance, if the payout percentage of the slot machines at a certain online casino is 95% then that means the slots payout $95 for every $100 received. One thing a lot of players get confused with is that the payout percentage is based on thousands of spins and not just a handful of spins so if you spend $100 in a slot machine then it might not payout anywhere near $95, but it could also payout a lot more then $95.

The reason I feel it’s important to discuss the payout percentage is because most online casinos list there payout percentages for all there games. Most of the time payout percentages are determined by a third party company who audits the casino on a regular basis. This is to ensure that the online casino is being fair and not taking to much of a percentage from players. When you’re choosing an online casino you need to make sure that you spend some time looking at the payout percentages for the slot machines if you plan on playing them.

If the online casino you’re looking to join doesn’t have the payout percentages visible on there website then it’s usually safe to say they’re lower then they should be and you shouldn’t join that casino. Almost every good online casino will list there payout percentages and you can use this as a factor when joining a casino. Obviously you want to play at a casino with the best payout percentage, but don’t put to much weight on this factor alone. The reason you don’t want to do this is because most online casino are within a couple points of a percent on there payout percentages meaning it won’t make any difference to a casual slots player.

Most online casinos will have a payout percentage of about 95% with some a little bit higher and some a little bit lower. If you’re thinking about joining a casino and there payout percentage is below 94% for slots then you should think twice about making that move because you’re losing almost a full 1%. Payout percentages change all of the time as the economy changes so you’ll need to keep checking your casinos website for changes each month. Usually changes aren’t drastic, but it’s always better to know then to guess when it comes to dealing with your money. Remember that slot machines are suppose to be fun so although these factors are important don’t let them eat you up to much and just focus on relaxing and having fun.

Most people look at the vast array of casino slot machines and assume they are all alike. They see a handle, a coin slot, flashing lights and figure one is as good as another. However, in making this assumption, they fail to see a lot of valuable information to help determine if they should play a particular slot machine.

Are There Such Things As Hot Or Cold Slot Machines Machine

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Surprisingly perhaps, machines aren't all the same. The best way to separate one from another is to learn how to “read” a machine by looking at the payout schedule on the front. Let’s see what information can be found on a typical slot machine.

Casinos here in the U.S. and abroad keep several types of slot machines in play at any given time. A few you'll most often see:

Are There Such Things As Hot Or Cold Slot Machines

Multiplier: This machine has a payout for a certain symbol and the number of coins played multiplies it. If the machine pays 5 coins for three lemons when you play one coin, it would pay 10 for the second coin and 15 for three coins played. This machine does not penalize you for not playing maximum coins. If you plan to play only one coin at a time, this is the type of machine you should look for.

Bonus Multiplier: This machine operates like the multiplier but offers a bonus when you play maximum coins and hit the jackpot. Three 7’s may pay 1,000 for one coin, 2,000 for two coins and 10,000 for maximum coins. The central question is whether the bonus is worth playing the extra coin.

Multiple Payline: These machines have more than one line of play. Each coin activates a particular line. If you hit a winner on a line that is not activated, you will not receive anything. The older machines used to have three lines but the newer video slots can have up to nine lines.

Buy-a-Pay: These are the most misunderstood machines in the casino. Each coin activates a different payout. You need the maximum coins to receive the largest jackpot.

One example is the Sizzlin' 7s machines. This machine will pay on cherries, bars, and sevens. The sevens pay 1,000 coins. If you play one coin you collect only on the cherries. If you play two coins you collect on cherries and bars.

Three coins are required to collect on the Sizzlin' 7s. If you hit the jackpot with one coin in you will not win anything -- do not play this machine under any circumstances unless you are playing the maximum coins.

Progressive Slots: The progressive slots take a certain percentage of the money played and add it to a pool for the top jackpot.

First and foremost, It is never wise to play a progressive machine with less than the maximum coins -- stories abound of people losing out on lesser progressive jackpots because of short coin play.

Some casinos link machines together within their own facility to offer mini-progressive jackpots.

Are There Such Things As Hot Or Cold Slot Machines Dispense

Megabucks and Quarter Mania are examples of machines from several casinos linked together to offer 'life-changing jackpots'. It's important to keep in mind that payback percentage on lesser wins is lowered to allow for these jackpots.

Are There Such Things As Hot Or Cold Slot Machines Jackpots

All of the information you need is posted on the front of each slot machine. Before sitting down to play, taking a minute to “read” the machine will help make you more knowledgeable in determining which machines may be best suited for you.

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Until next time, remember:
'Luck comes and goes...Knowledge Stays Forever.'