Online slot games are very popular. However, if you don’t follow every possible news feed about gambling, you won’t often hear about someone making money with slot machines. Are the systems being rigged or online casinos not advertising their winners well? Both. In other words, it’s complicated, and you shouldn’t be surprised you don’t see a ton of winners every month. Online gambling is a multi-billion-dollar industry – expected to generate more than $45 billion in revenue in 2017. Income increases year by year. It is estimated that there are more than 2,000 licensed online casinos, and there may be many more unlicensed casinos. People can and do win money from online slot games. However, despite the sheer size of the online gaming industry, there are few reliable statistics on the industry. Here’s what you need to know about people playing online slot games.
Slot games are not profitable for players anyway
Every gambling expert in the world will tell you that slot games are one of the least profitable games for players. The house doesn’t run the game without an edge. Opinions vary as to how much online slot games hinder the casino advantage. To complicate matters, some online casinos are illegal copies of other casinos, using stolen software. The game can’t be trusted. Some US-friendly online casinos may offer very fair games, but they are still old slot games. You should expect your balance to taper off with occasional big wins.
The type of game you play matters, some slot games are more volatile than others. They may pay out bigger jackpots, but it will take longer to get those jackpots. All slot machine bonuses are paid from player wagers. Whether you’re playing a standalone slot game or a progressive game that connects with other players, the company expects the prizes it pays out to come from theoretical “returning players.” If the casino advantage is 10%, then the theoretical RTP is 90%. While this may seem like a high number, it means that the average game balance will drop by about 10% over time. Notwithstanding any jackpots as they are expected to be part of the 90% RTP. In any gambling game, the bigger the prize, the bigger the wealth distribution gap. In other words, the more big winners you have, the fewer winners overall. These games are designed to balance stakes and prizes. If everyone playing roulette only bet on a single number, the realized house edge would be slightly higher than it is currently because the expected house edge on single-number bets is higher than on even-number bets. In this hypothetical game world, where only single number bets are placed, fewer players win, but on average they win larger prizes. According to the math, slot machine games work the same way. The mechanics of distributing big wins are different from roulette, but the goal is still to make a profit from the bet.
Accidental gambling is unlikely to win big
According to a Gallup survey, middle-class Americans (earning $36,000 to $90,000 a year) are more likely to gamble online than the poorest or richest households. The same survey also said people with a college or technical school education and those with only a 4-year degree were more likely to gamble than those with less and more education. That means you and I take on the burden of gambling. Since we are not rich, we have no money to gamble every day. Professional gamblers prefer games of skill such as blackjack and poker. Therefore, most people who play slot machines do it for fun. The dichotomy of slot game mechanics is that the longer you play, the more money you lose; but you need to play longer to improve your chances of winning the jackpot. If most slot machine gamers don’t have the budget to “buy the jackpot,” you’ll hear about fewer and fewer people playing slot machine games.
Stopping playback is not easy
Slot games are addictive for all the classic reasons. But even people who aren’t addicted to gambling and slot games have a hard time leaving the game. Once you get into that half-stupid state of constantly pressing “Spin”, your game is similar to most other people’s gaming habits. Older online slot games are designed to look and sound as much like land-based casino slot games as possible, but online casinos have a downside. When you play online from home, you are not in a comfortable, relaxing casino with hundreds of slot games all around. While it might be easier to stop playing an online slot game because you’re bored, the game is still designed to keep you playing for as long as possible.
How to make money online casino
This is probably the biggest factor in the equation. Experienced online players know they have to be patient with the online casino payment system. Casinos are not only concerned with avoiding player fraud, they also need to keep as much cash as possible to handle throughput. Technically, online slot games pay you every time you hit a jackpot. Casino is responsible for the money. As players in the US face difficulties depositing funds at online casinos, players should not be surprised that it takes longer to complete transactions in the opposite direction. How often do you pay with your debit card and ask for a return, the money goes back to your account as soon as it is withdrawn? The banking system has been rigged to delay putting money into people’s accounts. In the age of electronic transfers, every organization charges a fee and insists that you wait up to 3-5 business days to receive your money. This environment discourages people from putting their money where they can’t get it. The extra steps required to deposit and withdraw funds from an online casino account are annoying. Some people admit on online gambling forums that they keep their money there until it runs out. They are just for entertainment value not for making money.
Slot machine conclusion
The question is simple: can you make real money on casino slot machines? While it’s easy to do math and rambling about probability and prediction, this question deserves a more thorough and thoughtful answer. Yes, there must be some people who win more than they lose. That’s the nature of the game. Most people lose money on slot games, but not always because the game is losing money. Player intent and feelings are an important part of the picture. If you’re “just playing for fun”, you’re unlikely to care if you lose money, even if you put real money in. It’s the same whether you spend $1,000 on a steak dinner, concert tickets or a night of online gaming. If most players feel that way, then they feel like winners, even if they don’t take home more money than they spent. But seriously, if you’re serious about gambling online as a way to make money, playing slot machines should be one of the last options on your list.