Before you start pointing out the obvious machinations of how the randomness works in slots gaming; let me remind you that I am already well aware of the mathematics involved.
What I’m trying to say here is that lower amounts per bet generally wouldn’t result in massive wins at “regularly achievable intervals.”
The odds of say winning a $5,000 hand pay on a 10-cent bet, depending on which slot title you play, can be 1 in several thousand.
Of course, if that machine hasn’t paid out big in quite a while, and by the stroke of luck you pop in and win the coveted jackpot, it doesn’t automatically mean that “hit level” has gone up.
It just means you’re lucky.
I know as a gambler who may have spent hundreds or perhaps thousands of dollars on dead spins, but with amounts under $10 per spin, may feel like a casino is scamming you, or may be the machine is rigged.
But it isn’t.
I can’t say much about offshore casino sites, but for land-based legal casinos, it’s rare to have majority of their slot gaming machines, completely compromised.
So this guy on Reddit seems to be frustrated of not ever hitting anything above $1,000.
I heard from jackpot judo on YouTube that older slots have a better RTP and odds but the most I’ve won was $1000 on the bonus times 10 times pay machine ($1 slot, newer machine)
I always see everyone winning on this thread and I’ve never really had a big win or hand pay just 200 dollars there, 300 dollars etc..
Well first; he is conflating RTP with what a slot should be giving out, should he deposit an X amount and spin a Y number of times.
This is not how it works, not unless he is playing the same machine all his life.
RTP just shows the past data of a particular slot, of what it has paid cumulatively over the course of its operational life.
It isn’t dependent on one session. You can go and deposit $30,000 into it and win nothing, quit and some other person may walk in, deposit, and do $10 per bet and win a triple multiplier of 3000X.
Thing is one cannot accurately predict the future of a slot payout based on how much money it has already dispersed; even though this data is readily available.
Having said that people do win. But, they would never share the stories of tens of thousands and in a good number of cases, hundreds of thousands of dollars, even millions lost, before they finally got to listen that highly craved-for hand pay siren.
I’m not even sure why anyone would want to win a hand pay in the first place.
I mean you’ll have to pay taxes on it. Why not keep the risk to $1 per spin, even though it means at best making a few hundreds dollars here and there.
After all, you are in it for entertainment. Not, for making money.
I hope it’s not the money. Because then you got bigger problems.
A few Redditors shared the same feeling in their replies:
Those smaller wins are actually better. Handpays mean taxes. I’d rather pay less taxes and keep more money in my pocket.
Take about 10k play $5-10 spins and pray you hit one for 1200+. Bigger the bet smaller the multiplier needed to get a hand pay. Smaller bets are possible but improbable very rare to get 1000x bonus. But honestly why do you want one? I had one last year and was annoyed that I knew I had to claim it on my taxes.
I will even go ahead and say this that even if one went ahead and made an app that tracks slot spins, the end result would still be the same. Losses for gamblers.
Gambler’s Fallacy
A single slot machine can pay out multiple jackpots back to back, provided it’s not rigged.
Yep.
It may read like hocus pocus because chances of such a thing happening is unbelievably low, but if a slot machine is not tampered with; then the chances of someone winning two jackpots in a row are equally good compared to someone dropping thousands not winning anything even after hundreds of spins.
This Duke University post gives a nice explanation of this thing called the Gambler’s Fallacy. Imagine walking into a casino and seeing three slot machines, with two empty and one being played by a man.
Suddenly you hear him shout “YEA, I WON.”
Then a few moments later he walks away with a nice hand pay, is whisked to the cashier by a floor attendant.
Now the question is. Would you drop your funds into the same machine, that has just paid out a huge amount? Chances are you won’t. Most wouldn’t. But, this is wrong.
Your chances of winning the next jackpot are the same as before. Just random. The RTP doesn’t apply here at all, which is nothing but just a number of its past payouts.
Here’s one fine point worth reading out of that post:
Assuming that the slot machine is fair, any two plays of the slot machine constitute a pair of independent events. Similarly any two spins of a fair roulette wheel are independent. Thus, knowing that a slot machine has just paid a jackpot has no influence on the probability of it paying a jackpot in the future.
The main factor here is a clean slot machine run by a reputable casino brand that is regularly audited by the Gaming Boards.
But whether you win or not, in the end, it is just a chance or in other words pure luck.
This is why you should always look at slot gaming for its veracious value; which is, nothing but “Entertainment.”