High Stakes Slot Wins

 
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  1. High Stakes Slots
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The first pit stop in Las Vegas for most visitors is usually a casino. Whether you are an experienced player on the casino floor or just starting, slot machines are the most profitable and entertaining games available.

Slot machines have proven to be popular among players time and time again. Casinos and other entertainment facilities are profiting tremendously from the revenues collected from slots.

The Nevada Gaming Control Board reports that the Las Vegas Strip contained over 160,000 slot machines in 40 different locations in 2019, generating revenues reaching almost $270 million per month.

While these numbers are beneficial to the establishments and their operators, slot machines are also known to be the most profitable game in a casino for the user.

Slot machines, on average, have an RTP, or return to player, between 75% and 98%; in other words, for every dollar a player spends, the slot machine will yield about 75 to 98 cents right into their pocket.

Even with the high RTP and revenue, Las Vegas and other cities famous for their casinos fill their halls with slot machines because anyone can press a button.

Commitment is never a priority; the player can put down a small individual bet. A poker face is never required, neither is real skill, to win big.

However, research is still encouraged to profit off of slot machines at the highest level, such as reading on user experience on specific games and reading the RTP at each Las Vegas casino.

Return to player is perhaps the most critical factor in picking the best slot to play in Vegas. The higher the RTP percentage, the more likely the slot will payout.

An amateur way to discover a slot’s RTP percentage is to test it with a bet. If a slot claims to have a 94% payout, then after a $100 bet, the payback would equate to about $94. While this may seem straightforward, this method does not fit every player.

Checking message boards and online threads, as well as comparison sites containing slots reviews, are a great way to find the best slots in Vegas. Notable websites encourage players to share their experiences with slot machines; most of their reviews focus on the amount of cash they get to keep after playing.

Another tip to finding one of the better slots offered in Las Vegas is to look for promotions. By signing up to the casino’s player’s club, customers can access unique games, receive free slot plays, and gain eligibility to have freebies on their next visit.

Benefits are significant, especially when the rounds on the slot machines are free, increasing the already high payout.

The most profitable slots are coined as “loose slots” because they pay out the most amount of money to the player and are thus very desirable among customers.

A feature of profitable slot machines called “progressive jackpots” has become a popular way to transform a couple of hundred bucks to millions.

Progressive jackpots offer prize money compared to the national lottery games, which can easily make a millionaire in a single evening.

According to the Nevada Gaming Control Board, the dollar slots pay back an average of 95% of receipts, 25 cent slots payout 93% on average, and 5 cent slots give back 90% to the players.

The payout from slots at the downtown or other off-Strip locations is one or two percent higher than those on the Strip. Hotel-casinos frequented by locals, such as Sam’s Town, pay better than the tourist hotels in the city. Nevada residents well know that fact when they consider which facilities contain the best slots in Vegas.

Moreover, the newer and more luxurious hotels are known for having the overall poorest RTP percentages.

Some of those hotels include the Bellagio, Venetian, Mandalay Bay, and the new Wynn Las Vegas. Since the amenities of these hotels are off the charts, slot machines do not have to be the most profitable asset (at least to the player).

However, some of these lavish hotels offer great prizes and entertainment that makes a higher payout from the slot machine. The Bellagio, for example, provides a slot tournament with 2,300 games as options. From jackpots and progressive features, the Bellagio slot machines can grow small bets into millions.

Generally, the best slots in Vegas are located in the older properties of the North Strip.

Slot machines may look flashy and modern, especially themed slots, but that does not mean they have the highest payout. The more traditional and old-looking games may be a better money’s worth.

Much like the endorphin rush of a “win,” a good-looking slot machine can trick the brain chemistry into wagering more money than intended. With that in mind, a simple-looking slot should be considered to help players gamble responsibly and win big.

Rather than always playing Star Wars or Avengers slot machines, players should have an eye out for the more dated and less appealing slot machines available on the casino floor. Many of them have substantial RTP rates and have stood the test of time.

One of these seemingly unappreciated slots is housed in Slots-a-Fun at Circus Circus Casino in Las Vegas. The selection includes classics, such as “Double Diamond” and “Red, White, and Blue.” Although they are not the flashiest, they are the best slots in Vegas.

Slots-a-Fun is a classic and exclusive casino that incorporates slot machines paired with an arcade, pool tables, bowling, and other forms of entertainment. Their slots have been proven time and time again as the machines to make the next big Vegas winner.

As mentioned before, these slots are not located conveniently for the tourists on the Strip. A general rule of thumb to follow: the more touristy the casino, the lower the payback on the slot machines.

While the Las Vegas Strip has a win percentage of about 8%, the slots in Reno and Boulder have a more generous casino wins of around 5%.

Some of the casinos located in Reno, Boulder, and North Vegas include Eastside Cannery, Sunset Station, M Resort, Jerry’s Nugget, Texas Station, and Boulder Station.

Geographical location should not be the only consideration when looking for great slots. Some veteran gamblers and websites claim that corners within a specific casino itself have some of the better slot machines.

High traffic areas, such as near elevators, a front desk, aisles, showrooms, registration areas, etc., contain the loosest slots in the casino.

Some people do not even have to go to a casino to access a slot machine. An entertainment facility is perhaps the unrivaled source to use for the best slots in Vegas.

Airports, convenience stores, and grocery stores are the first locations to avoid playing slot machines. Even though the majority are in clean and well-run establishments, they do not offer significant returns with their slot machines.

What these three different places have in common is that under Nevada law the slot machines in airports, convenience stores, and grocery stores are entirely controlled by large corporations.

With that in mind, it should not be surprising that the slot machines in these facilities provide a much lower payout percentage than the typical slot found in a Las Vegas casino.

Even though convenience store owners can obtain a lease or purchase of slot machines, the Nevada law changed in favor of larger corporations having control over the slots and their payouts.

Nevada grocery stores are the only place that can legally provide slot machines because they have leased the space through a larger company. Although they can offer marginally better odds than the former two, grocery stores should still be avoided when it comes to slot machines.

The loosest slot machines in the past 12 months have been Megabucks and penny slots. Megabucks had the tightest slots at over 11% casino win percentage. Penny slots are the most popular denomination, even though their win percentage is not the most generous.

Megabucks offers some of the best slots in Vegas with the highest winnings. In 2014, a man playing a Megabucks slot machine in Rampart Casino hit a $14 million jackpot after playing for five minutes on a $20 bill when the slot paid off.

This payout is not the only one from a Megabucks machine. Megabucks has produced life-changing jackpots for multiple players for over two decades.

Their slogan markets the casino’s accomplishments perfectly: “Dream big. Win big”. Even with players only spending a $1 for a spin, there is always a chance of the jackpot prize of $10 million.

In addition to Megabucks and Slots-a-Fun, there are plenty of casinos offering some of the best slots available in Las Vegas.

Many websites report O’Shea’s, Stardust, and older casinos located on the north side of the Strip as the places to visit for great and profitable slot machine winnings.

The casino nearest to offering the loosest slots in Las Vegas is Palms resort, which has an average game payout percentage of about 94%.

Lower payout slot machines also have distinct locations on the casino floor. Some of those include the leading slot machine on the floor, those near the table games, and close to the poker room. Since all of these areas have too much action, either from different games or other slots, the RTP does not have to be too high.

Furthermore, it is better to be aware of which specific slot machines should be avoided. The reason behind it is the exact opposite as to why the already mentioned slots are the best: the worst slots have a low percentage of payback.

Several slots have unfortunately been added to the universal list of worst slots found in Las Vegas, such as Wish Upon a Jackpot by Blueprint Gaming, Adventures in Wonderland by Ash Gaming, and King Kong by Cryptologic due to their low RTP.

Different software companies specializing in slot machines have reputations that reflect off of the RTP’s. While some developments have been mentioned before for their low percentage payback, others are renowned for their slots having high RTP rates.

Playtech is one of the more famous software companies that develop successful and popular slot machines located in Las Vegas casinos. Games created by this company include: Goblin’s Cave, Ugga Bugga, and Ocean Princess. All offer reputable and above-average percentage payouts.

Other software companies known for distributing slots with high paybacks are Barcrest, WMS, and NetEnt.

In addition to Palms Casino and Resort, there are other casinos in Las Vegas that have multiple slots maintaining an above-average payout.

Fitzgerald’s Casino and Hotel has established a favorable reputation for offering the loosest slots in downtown Las Vegas. Ranked regularly, the machines in Fitzgerald’s that are given the best paybacks include reel, penny, and progressive slots.

Slot machines are incredibly entertaining, easy, and a great reason to visit a Las Vegas casino.

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Although research is essential, in-depth research is not necessary unless you are wagering a significant amount of money. Specific slot machines should be sought out to cash in millions, which has been proven to be possible within five minutes of playing.

The different themes, bonuses, promotions, and prizes, prevent slot machines from ever becoming boring. For some lucky few, a slot will transform a single $5 bill to $5 million or more than that colossal amount.

With the press of a button, a slot machine can make an average player into a millionaire, or give the customer an affordable and responsible amount of fun on the Las Vegas casino floor.

With some of these tips that differentiate the better slots in Las Vegas, slot machines can become more of a calculated game than intended.

Overall, Vegas is the numero uno destination to play slots in the United States. The key is to be wise and risk only as much as you can afford to lose.

High Stakes Slot Wins

It is essential to ask around and try some old slots that have a proven track record of wins. Don’t just be impressed with design and wager money in the excitement!

The great thing about slots is that you can choose the stakes you’re comfortable playing. You can bet as little as a penny or as much as $5,000 per spin. Most players opt for games that allow them to wager the bare minimum. You can find a great deal of online slots that let you risk just one cent per spin ($0.01 on one line).

Betting a small amount on slots allows you to extend your play further. Small wagers are also attractive when you don’t have a very large bankroll. Of course, many casinos allow players to bet more on slot machines. Las Vegas, Atlantic City, and other casino destinations are famous for their high roller machines.

But what exactly is the purpose of wagering more on negative expectation games? I’ll cover 9 reasons why people are attracted to high stakes slot machines. But first, I’m going to discuss exactly what constitutes high stakes play.

What Defines High Stakes Slots Play?

High limit slot machines aren’t defined by a specific dollar amount. Instead, this is a subjective matter that can vary based on opinion. Online low rollers who are used to playing 25 lines for $0.25 might consider anything else to be a high stakes slot. Meanwhile, those who risk $25 or more per round will have a much different take.

Personally, I feel that any slot machine requiring you to wager $3 or more per spin borders on high stakes play. Considering that there are land-based slot machines with $5,000 minimum bets, there’s a big gap here. But many players will find that $3 bets and above can get expensive.

Here’s an example to illustrate my point:

  • You play a land-based progressive slot machine with 300 paylines.
  • You’re required to bet one penny on all 300 lines ($3 total).
  • Return to player (RTP) is 88% (12% house edge).
  • You perform 600 spins in an hour.
  • 600 x 3 = $1,800 in hourly bets.
  • 1,800 x 0.12 = $216 in theoretical losses.

If you play this slot machine for five hours, you’d theoretically lose $1,080. Many players consider this a very expensive night of gambling. Of course, I mentioned before that high stakes slots play is subjective. You may have a totally different definition, such as games with $25 bets or more.

Whatever the case may be, it’s clear that some slot machines cost more than others to play. I’m now going to explore all the reasons why you should consider betting more on slot machines.

1 – You’ll be Eligible for Better VIP Rewards

Increased loyalty rewards are one of the most-exciting parts about playing high limit slot machines. Casinos are willing to offer more VIP benefits to their top customers. Playing higher stakes means that you’ll rack up extra loyalty points. Therefore, you move up the VIP latter faster and become eligible for better comps.

Both land-based and online casinos have different tiers in their loyalty programs. The basic levels in land based casino programs include player; room and food (RF); and room, food, and beverage (RFB). Gamblers at player status are only eligible for free drinks, meals, and basic hotel rooms. These players also earn points at a lower rate, meaning it’s harder for them to collect a free meal or hotel stay.

RFB players, on the other hand, are afforded the best comps that the casino offers. They usually get a nice hotel suite, fine dining, and liquor on the house. The biggest high rollers can also make special requests, such as limousine transportation, a private gambling room, and their choice of nightclub tables. Online casinos can’t give out cool comps like hotel rooms and lobster dinners. But they still offer their players plenty of incentives, including cashback, free spins, and deposit bonuses.

High stakes online slots players earn points at a faster rate, thus making them eligible for a higher cashback rate. Here’s a comparison between what a low-level and high stakes player might receive:

  • An online casino allows players to exchange 100 points for $1 cashback.
  • Level 1 players earn 1 point per $10 wagered.
  • 10 x 100 = $1,000 must be wagered per point
  • 1 / 1,000 = 0.1% cashback rate for Level 1
  • Level 5 players earn 1 points per $5 wagered.
  • 5 x 100 = $500 must be wagered per point
  • 1 / 500 = 0.2% cashback rate for Level 5

The high roller is likely to lose more money due to their increased betting volume. But they’re also receiving a larger percentage of money back due to their higher loyalty status.

2 – Some Progressive Jackpots Require Larger Bets

Many popular progressive slot machines in brick-and-mortar casinos require you to bet at least $3 per spin.This leaves you risking between $1,500 and $1,800 at a normal hourly play rate.

High Stakes Slot Wins

Plenty of gamblers are perfectly fine with this as long as they get to spin for life-changing jackpots and/or play their favorite games. Others, however, are worried about losing their bankrolls in a short amount of time at this pace.

I went through an example that showed how you can theoretically lose $216 per hour playing a $3 game. Of course, potential losses only increase from here when moving up in stakes. Certain land-based casinos offer high stakes rooms with minimum bets ranging anywhere from $5 to $5,000. Few people can afford to play the $5k games, but it still gets pricey playing slots with $100 stakes and above.

The good news is that the same slot machines normally offer higher RTP. But you’re facing greater theoretical losses on these games.

Here’s an example on how much you could potentially lose:

  • You’re playing a slot machine with a $100 minimum bet.
  • The game offers 95% payback (5% house edge).
  • You perform 600 spins per hour.
  • 600 x 100 x 0.05 = $3,000 in theoretical losses per hour

You certainly don’t want to play these slots with a limited bankroll. But well-funded players like risking more to make the payouts worth their while. Therefore, the $3k in hourly losses could easily turn into profits worth $3k or more.

3 – High Stakes Are More Thrilling

I’ve covered plenty on how high stakes slot machines can lead to bigger losses. But you also have to consider the reverse in that they offer the potential for bigger payouts. Many players get more thrills out of having the chance to earn bigger prizes. This is especially true of high rollers who aren’t excited about playing for pennies.

Imagine being a rich player who has can easily put together a $100,000 bankroll. This same gambler won’t be excited about playing penny slots and regular wins worth between $1 and $10. Instead, they want to play for bigger payouts. High limit slot machines offer larger average prizes and more thrills in the process.

High Stakes Slots Wins

Even players who don’t have five or six-figure bankrolls still enjoy betting more per spin. They’d rather go for the big payouts than make their bankroll lasts longer. Slot machines are all about entertainment. So if you get more excited when playing for higher stakes, then by all means do it.

4 – You May Be in a High Stakes Slots Room

Brick-and-mortar casinos offer high limit rooms for players who want to get away from the normal crowd and gamble in luxury. High stakes rooms typically feature more-comfortable seating, posh furnishings, and extra attention from the cocktail waitresses and other staff members.

The obvious goal here is to create a luxurious atmosphere that makes high rollers comfortable gambling their money. In return, casinos win more off these players on average. Most high stakes rooms feature stakes worth hundreds or even thousands of dollars.

You’ll only find bets worth thousands of dollars in certain Vegas Strip casinos. But many other gambling establishments at least feature stakes worth up to $100 in their high-roller area. You pay a price for gambling in luxury, because you won’t have the option to use penny slot machines in these rooms. Instead, you’re likely looking at a $5 or $10 minimum bet.

Here’s an example of potential theoretical losses if you make the minimum wager in a high stakes area:

  • You play a slot with a $10 minimum bet.
  • The game offers 95% RTP (5% house edge).
  • You perform 600 spins per hour.
  • 600 x 10 x 0.05 = $300 in theoretical losses per hour.

5 – You Can Win Larger Fixed Prizes

Having the ability to win larger payouts is the main reason why people jump on high stakes slot machines. Slots multiply payouts based on your line bet. For example, a 25-coin payout would be worth $0.25 if you’re only wagering a penny per round.

This same payout will be worth $125 if you’re betting $5 per line, which gives you a far more to be excited about. Of course, most big gamblers aren’t worried about a larger average payout. Instead, they’re focused on hitting a bigger top prize when they bet more.

Here’s an example on how larger wagers can change the dynamic of a top fixed payout:

  • A slot machine’s highest fixed payout is worth 100,000 coins.
  • You win the payout while betting $0.01 per line.
  • 100,000 x 0.01 = $1,000 win
  • You win the payout while wagering $5 per line.
  • 100,000 x 5 = $500,000 win

If you’re not comfortable betting this much per line, then you can find plenty of online slots that give you a chance to win big progressive jackpots for a small wager. The drawback, though, is that you have smaller odds of winning these jackpots. Casinos make the odds longer, because they’re not earning as much off your small wagers.

6 – Scatter Payouts Are Worth More

Scatter symbols can pay even when they don’t all land in the same payline. These scatter payouts are either worth a multiple of your total wager or line bet.

Here’s an example on how much large scatter prizes can be worth based on a multiple of your total wager:

  • You bet $1 on 30 pay lines ($30 total).
  • You land three scatter symbols and qualify for a 5x payout.
  • 30 x 5 = $150 prize

Imagine if you’re only wagering one penny on each line ($0.30 total) in the scenario above. You’d win just $1.50 (5 x 0.3) instead of the $150 payout.

Scatter prizes only get better when you’re able to land five symbols. In these cases you can win anywhere from 100x to 1,000x your bet depending upon the game. Hitting a 1,000x scatter payout on a large bet is basically like winning a jackpot. In the example where you’re making a $30 total wager, a 1000x scatter prize would deliver you $30,000.

7 – Random Progressive Jackpots Are More Likely to Hit

A random progressive jackpot differs from standard jackpots in that it doesn’t require a minimum bet or specific payline combination. Instead, these prizes pay out randomly regardless of your wager size or wins/losses.

Random progressives are exciting for low rollers who don’t have the bankroll to wager anywhere from $1 to $3 on larger progressive slot machines. But many of these same gamblers don’t realize that their chances of winning the jackpot improve when they make bigger bets.

Microgaming’s Mega Moolah slot offers a perfect example. This game features a total of four progressive jackpots through the bonus round. The bonus is triggered randomly. However, your odds of getting the bonus improve when you place larger bets. Exactly how much better your odds are is a mystery. But the key is that your chances of winning one of the biggest prizes (sometimes THE biggest) in online slots improve with higher wagers.

You don’t necessarily have to play high limits just to experience this benefit. Rather than wagering one cent per line, you could instead bet $0.25 and have a stronger chance of hitting the random progressive prize. But a high roller who’s willing to risk several dollars or more per spin has a built-in advantage when it comes to hitting the jackpot.

8 – Your Free Spins Will Pay Higher

Free spins are the most-common bonus in slots. You typically trigger free spins by landing three or more scatter symbols anywhere on the reels. Your free spin payouts are based on the size of your line bet. If you trigger this bonus by betting $0.05 per line, then your free spin payouts will be multiplied by a nickel.

Here’s a comparison on how much more you’d stand to win with free games based on a higher triggering bet:

  • You earn free spins while betting $0.05 per line.
  • You win a combined 5,000 coins through all of your payouts.
  • 5,000 x 0.05 = $250 win
  • You earn free spins while betting $3 per line.
  • You again win a combined 5,000 coins during the bonus.
  • 5,000 x 3 = $15,000 win

Wagering more per line doesn’t make you any more likely to get free spins. Furthermore, all payouts will proportionally increase along with the size of your bet. But high stakes players are more excited whenever they trigger this bonus due to the fact that they have an opportunity to collect larger prizes.

9 – You’ll Clear Welcome Bonuses Faster

Online casinos offer welcome bonuses to new players. These usually consist of a deposit bonus and possibly free spins.

Terms and conditions must be met before you can withdraw money. One of the most important terms is wagering requirements (a.k.a. playthrough), which refers to a multiple of the bonus that must be wagered before withdrawing your earnings.

Here’s an example of how wagering requirements and internet casino bonuses in general work:

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  • The casino is offering a 100% match bonus up to $200.
  • You deposit $100 and become eligible for a matching $100 bonus.
  • Playthrough is 40x the bonus.
  • 40 x 100 = $4,000 must be wagered

Most players consider wagering $4,000 a lot when trying to unlock their bonus. It does take a while to bet this much when you’re only risking $0.25 per spin.

High stakes slot winners

High rollers, on the other hand, can unlock their bonuses rather quickly. Here’s a comparison between how fast a low and high roller would unlock their money:

  • 4,000 / 0.25 = 16,000 spins for low roller
  • 16,000 / 500 spins per hour = 32 hours for low roller
  • 4,000 / 5 = 800 spins for high roller
  • 800 / 500 = 1.6 hours for high roller

One important point worth noting here is that most online casinos include a maximum bet in their conditions. For example, your bonus offer could be nullified if you place wagers worth $50 or more.

Casinos do this to ensure that players don’t just making big bets to get their bonus money as quickly as possible. In any case, you need to read the terms and conditions carefully to ensure that you don’t wager any amount that would nullify your offer.

You can see that high stakes slots players enjoy a number of advantages that low rollers don’t. Most of these benefits revolve around winning bigger prizes and receiving preferential treatment from casinos.High rollers really get the red-carpet treatment at land-based casinos. They can receive anything from limo transportation to penthouse suites. They’re also privileged to bigger potential regular wins, stronger chances of winning random progressive jackpots, collecting larger bonus prizes, and clearing deposit bonuses faster.

Therefore, you can see the many perks of betting higher limits with slot machines. But you also have to consider that larger wagers don’t necessarily boost your chances of winning. In fact, high stakes players will suffer more losses on average than low rollers.

High Stakes Slot Wins 2019

The house edge doesn’t go away just because you’re betting more. With many online slots, the house advantage stays the same no matter if you’re playing for low or high stakes. Don’t make the decision to play higher limits under the assumption that you’ll have a better win rate. Instead, you should only do so if you want to enjoy the advantages that I’ve covered here.

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