Online slots are arguably the biggest thing today when it comes to online gambling. And let’s face it… everyone who plays online video slots is thinking or expecting one thing… a “fun” shortcut to financial freedom that wins the Jackpot. People will buy dubious software programs or hypothetical strategies published in Ebooks that promise to help them solve the elusive “online slot Jackpot winning strategy”, but of course, they only realize later that their greed or pettiness (or ignorance) ) only succeeded in making them lose more money!
So how do you beat the system and win big? Does the stake amount increase the chances of winning the jackpot?
A Glimpse at the Science Behind Online Video Slots
Online video slots use a very simple (but somewhat) complicated system to come up with winning combinations. Most online slots have 5 reels and this is what happens in every spin. A number is assigned to each symbol that appears on the reels then a random number generator (RNG) algorithm arbitrarily selects the number associated with a particular symbol which determines what symbol will be displayed on each reel when the reels finally come to a stop. The symbols (whether similar or not) on each reel also have a different weight … meaning that if for example a video slot has 22 unique symbols per reel then the chances of getting matching symbols on all reels are also completely randomized each time you spin.
Another thing about online slots and payout (or return) systems is that they all depend on the RTP (Return To Player) percentage that you can check here for most of the online slot game. Most online video slots have an RTP that is set between 90% and 99% (which only looks good on paper, but doesn’t increase your chances of winning in any way). Then, of course, there are variants and the number of paylines in each particular online slot. They only determine the odds of winning and the amount you get as a payout… nothing more. The last thing is a matter of timing your laps. Allow me to briefly explain this too. The fact about the RNG algorithm is that they constantly pick a random number for each reel – sometimes every millisecond – whether someone is playing at an online slot machine or not. This means every time you become a winner,
Now, where does that leave our original question? Does the stake amount increase the chances of winning the jackpot? Is there any chance that your chances of hitting the Jackpot of any online slot could increase simply by increasing the monetary risk?
Prepare yourself for this… The answer is yes and no… here’s why.
Effect of Max Bet on RTP Percentage and Jackpot Winnings
There are basically two main types of Jackpots; fixed, and progressive. The general rule with most progressive Jackpots offered on online slot machines requires you to place a maximum bet (Max Bet or Max Bet). Playing with anything less than the Max Bet on any online slot offering a progressive Jackpot not only makes you one of the generous donors of the Jackpot, it automatically disqualifies you from even participating in the Jackpot! By default, and theoretically, or mathematically … increasing your stake for that matter has a positive correlation with winning the Jackpot in this online slot.
Another thing that applies to our question is about Fixed Jackpots (flat tops). Many of the fixed Jackpot online slots considered during this investigation share one common characteristic; they all experienced an increase in their RTP of between 94% and 99% as the stake grew. For example, the average RTP for $ 1 (coin) is 94.72%, the RTP when playing with 2 coins or $ 2 goes up to 96.7%, and when playing a $ 3 or 3 coin this RTP goes up as high as 98.9% . Remember, the higher the RTP, the lower the grind and casino value. This means more chances of a bigger win for you. Hence, this also theoretically (and mathematically) means that the higher you go with your stakes, the higher your chances of hitting the Jackpot win.
Read Also : Online Slot Machine Game Tips.