Slot Money

[SweetCheeks1235]

So does anybody actually make profits off of slots? Or is it just for fun.

 

[Vambo]

In the long run most will lose heavily
So far I am in a very healthy profit
I havent hit the long run YET

 

[KasinoKing]

I too am hoping that 'the long run' doesn't arrive too soon!

(ALL casino games have a house edge - whatever game you play, 'the experts' will tell you that you WILL lose in the long run).

I think I'm ahead on slots over the last year - though it would take a week to work it out for sure!

For example, I've done 2 MG slots-only S.U.B.'s where I deposited $100 and cashed out $475 & $800. A few more where I've finished just slightly up, and a couple where I've completely blown out & lost the lot!

They were all fun though!

 

[Slotmachine]

The secrets of succesful slot playing

As far as i know, there are three ways to win in the long run playing slots.

1) KasinoKing's way. Takes time, and patience. Will not provide early retirement, the winnings are not that big. Check the "November Progressive Challenge" thread for KK's strategy. Based on bonuses.

2) Progressive Jackpot hunting. I know a person (This is a fact. My friend is his employee.) who has made a fortune with this method. He is a mathematician, and has made a computer program which analyzes the progressive jackpots in land based casinos all over the world. Whenever his program says a given progressive makes the game's expected return over 100%, he sends a squad of his employees to monopolize that slot and play it day and night until they hit the jackpot. The guy is filthy rich now. He does not do online casinos, because apparently the jackpots very seldom reach >100% payout, and you can't monopolize the game once they do.

3) If you have never gambled before (and don't especially want to start gambling), you could do a once-in-a-lifetime gambling session (and I am NOT recommending it, this is just theoretical talk), save up 10,000 eur and deposit it at some trustworthy casino, say 32Red, or land-based, play some bonus slot like Thunderstruck (or whatever) at 45 eur per spin until you either lose it all or hit something really big, and then quit forever. You'd have a fair chance of at least doubling your money, and a small but real chance of hitting something really big. You'd then have to quit forever, that's the thing. Of course, this is not a surefire way to win, and you'd have to be fully prepared to lose that 10,000 or whatever. But it would be interesting.

Aside from these, you will always lose in the long run if you keep playing. If you like to play slots, it's imperative that you do not chase your losses. Just deposit some amount you can afford to, and then see how it goes. You should expect to lose when playing slots. You can hit some pretty impressive losing streaks (last one for me was about 4 months, before I finally broke it last night). Then again, you can win big in one session.

The secret to smart slot playing (IMO) is, set yourself a deposit limit each month, such that it's perfectly OK to lose it all. Get your spouse's approval. If you lose it, wait till next month and deposit again. This way it doesn't matter if you lose, you're just paying the casino for the entertainment they provide. Then when you do win, and now and then you will, do what you will with your winnings. You can either withdraw them and buy something nice for your spouse, because it's extra money anyway, or you could just as well gamble it all, going for high bets and progressive jackpots, because then you'd have a chance to win something big and maybe even get ahead in the game.

I guess my main point is: Expect to lose. Pay for the entertainment. Stay smart and don't gamble more than you can comfortably afford to lose.

Cheers,
SM

 

[KasinoKing]

I guess my main point is: Expect to lose. Pay for the entertainment. Stay smart and don't gamble more than you can comfortably afford to lose.

Double Amen to that! :notworthy

I can enjoy my gambling now, win or lose, because it's entirely self-funding.
But I remember when I started out - losing money I had to work hard for, and getting into credit card debt way beyond any sensible amount.
Very dark days indeed, and I will NEVER go back there.

SM said it all - please heed his sensible advice!

 

[Slotster!]

2) Progressive Jackpot hunting. I know a person (This is a fact. My friend is his employee.) who has made a fortune with this method. He is a mathematician, and has made a computer program which analyzes the progressive jackpots in land based casinos all over the world. Whenever his program says a given progressive makes the game's expected return over 100%, he sends a squad of his employees to monopolize that slot and play it day and night until they hit the jackpot. The guy is filthy rich now. He does not do online casinos, because apparently the jackpots very seldom reach >100% payout, and you can't monopolize the game once they do.

That's amazing.

I'm not saying I don't believe you, but I find it astonishing that this could produce a profit over time. The >100% rule is only an indication, and by no means a guarantee, no matter how much however many people play! Never mind factoring the travel and transport costs in... Crazyness!

 

[max1mike]

Get your spouse's approval.

LOL!!!! i've seen all those words before, but never arranged in that particular order.

 

[Slotmachine]

That's amazing.

I'm not saying I don't believe you, but I find it astonishing that this could produce a profit over time. The >100% rule is only an indication, and by no means a guarantee, no matter how much however many people play! Never mind factoring the travel and transport costs in... Crazyness!

It's amazing but true. Apparently they only play slots, card games and other progressives which are way over the 100% mark. In fact, the >100 % rule does guarantee your profit over time, provided you've done your math right. It's like the house edge, reversed.

Cheers,
SM

 

[SweetCheeks1235]

The only way I could see making a small profit off an online casino is the bonuses, otherwise it's just luck.

 

[schnozzy]

So does anybody actually make profits off of slots? Or is it just for fun.

All my gambling is for fun. I've been up for a few years at poker and sports betting, and I'm probably down at everything else if I do the math.

I've had a real distaste for bonuses since I hit a royal flush while on one, and couldn't cash out... and busted.

 

[KasinoKing]

The only way I could see making a small profit off an online casino is the bonuses, otherwise it's just luck.

Even with bonuses you still need good luck, but you don't need as much luck as you do without bonuses!

I often make small profits from bonuses - but lot's & lot's of small profits add up to a pretty useful annual gain!