How to Beat Online Slots: Tips from Professional Gamblers
A professional players use two basic methods to beat slots: 1) To beat slots either by limiting their slot play to progressive jackpot slots at which the jackpot has gotten big enough to give a player advantage; 2) To use slot play to milk various kinds of loss rebates and free money offers in online casinos.
In order to use the first method in video slot machines other than video poker, you have to record the results of enough spins on a slot game to determine the frequency of each type of payout and the percentage of your bet that goes into the jackpot. From this you can determine the house edge on the game. This all takes some work and a good understanding of the math involved..
Professional gamblers tend to either be good at math, or rich enough to hire someone who is. And they tend to be very dedicated about playing at casinos that give the most back for their play, through good points programs and comps.
A recreational gambler who enjoys playing slots, and expects to play slots regularly over a period of many years, would probably do better over the long term playing only progressive jackpot slots on which the jackpot was significantly larger than the average level at which it goes off.
Just be aware that you can't know for sure where a player advantage starts unless you go through the process of mathematically analyzing the game. And no matter how big the jackpot gets, it doesn't guarantee that you will win the jackpot, or even that the jackpot will go off while you're in town. There are no short-term win guarantees in gambling, not even for professional gamblers.
All a player advantage means is that, if you limit your play to such situations, and you put in enough hours, you will likely make more money in the long run than you put in. But the long run can mean a very long time, and if you play only a few hours a year, you may not get in enough hours in an entire lifetime to get ahead.
So no matter how big the jackpot gets, you should play only an amount that you can afford to lose without it affecting your lifestyle.
Also, slot pros don't like to play for too small an advantage, so they'll usually wait until the jackpot is significantly bigger than the minimum level necessary to turn the advantage to the player. On the other hand, if they know they'll be getting valuable points and comps for their play, they can play for a slightly smaller jackpot and still have a player advantage overall.
Pros generally prefer to play jackpots with a smaller average jackpot size than a gigantic average jackpot size. For example, a slot with an average jackpot payoff of $3,000 or $10,000 is considered a better bet than a slot with an average jackpot payoff of $1 million, because the variance on the games with the smaller average jackpots will be a lot lower.
But professional slot players typically have very large bankrolls to play on - much larger than the average Las Vegas recreational player, who may bring a few hundred dollars in mad money to Vegas to try her luck. Slot pros who find a game where the progressive jackpot gives a player advantage are generally prepared to put in whatever money and hours it takes to keep playing until the jackpot goes off. And if that player is not the person to win that jackpot, he'll stiill have plenty of bankroll left to go after the next jackpot, whenever a player advantage occurs. He won't be broke.
Again, the reason the pros need such a big bankroll is because even when you're playing a progressive jackpot slot with a decent player advantage, you can't guarantee you'll win that jackpot. All a player advantage means is that you can know you'll win over the long run if you put in enough play.
For more information on how professional gamblers beat slots, read Million Dollar Slots by Peter Liston, an accountant turned high school teacher turned professional slot player.