Online Slot Betting

Slots, whether they are online or at a brick and mortar casino, are the most common casino game. Though they are popular, they are not without their problems. The main problem is that they have a high house edge and, since there is no strategy involved, there is nothing you can do to change the odds.

While you can’t change the odds of winning on a particular spin, you can impact the amount of money in play and, as a result, control how long your money supply lasts. The first thing you need to know that slots betting is about risk-reward. Most online slots are multi-line games, where you can choose how many paylines to put in play. With those slots, you pay per line, so each spin when playing 25 lines will cost five times as much as each spin playing five lines.

At the same time, the amount of money you win on successful spins is proportionate to your bet. For example, a winning combination when you played 5 lines will be 5 times the amount of that same winning combination if you only bet on a single line. Some people then think that you should bet the maximum to make the most money.

However, you should remember that since slots have a house advantage, you are more likely to lose money on the spin than to win. For that reason, wagering more means losing more and in the long run, it will cause you to run out of money faster. As I said, though, it’s a risk-reward scenario, because if you hit the jackpot you will wish you had bet the maximum.

Progressive slots have that same risk-reward issue. Since the machines are tied together, they carry much larger jackpots. However, another way in which the jackpots are kept higher is that they pay out less often on the smaller wins. For that reason, progressive slots should only be played if you’re going after the massive jackpot, understanding that you probably won’t hit it and will most likely lose all of your money. With that in mind, I recommend that you always bet the maximum with a progressive slot. It may cause you to lose money faster, but the last thing you want to do is hit a massive progressive jackpot and only get a fraction of that payout.

In short, with regular slots, I recommend betting the minimum in order to make your money last longer. Conversely, with progressive slots, I recommend betting the maximum to take advantage of the huge jackpots.