Most routes to becoming a pro gambler are well known. Daily fantasy sports (DFS), card counting, poker, and sports betting are all common forms of professional gambling.

Slot machines, on the other hand, seem like the last type of gaming that would offer an opportunity to become a professional. Aren’t these the games that people mindlessly play for hours and lose lots of money? Yes, to a degree.

Apr 15, 2013 Sure, any person can walk up to a machine, sit down and mindlessly pump coins into it, but after awhile the amount of money lost will overpower the amount of money gained. This is why it is important to understand how a slot machine works and what the top 5 biggest slot machine mistakes are. And nothing could be easier than mindlessly pressing the spin button on a slot machine. Also, when you play slot machines, you usually have the opportunity to win a prize of 1000 units or so on a single spin. (A “unit” is the amount you’re betting. If you’re betting a dollar, then a.

However, slot machines can offer a chance to win profits under the right circumstances. That said, I’ll discuss different ways to win with slots and if this career choice is ultimately worth the effort.

What Are the Different Ways to Beat Slots?

You might think the only way to beat a slot machine is by praying to the heavens. If so, you’ll be surprised to find there are actually three different ways to win with slots.

Banking Slot Machines

A banking (a.k.a. accumulator) slot machine features a bonus meter that gradually fills as one collects special symbols. A bonus feature will be triggered once the meter reaches the top.

Paying tax on gambling winnings australia. The premise behind these games is that they entice gamblers to play longer in order to unlock bonuses. But some players don’t manage to trigger the bonus, because they either run out of time or money.

Assuming they leave, you can swoop in and take advantage. You can theoretically gain an edge with accumulator slot machines when the meter is nearly full.

The problem, though, is that these opportunities don’t come around often. Instead, you have to watch these games like a hawk and be the first to jump in when a player leaves.

What’s more is that many gamblers continue playing so that they can earn the bonus. Casino saint mitre les remparts. In these cases, you may need to build up the nerve to persuade a gambler off their slot machine beforehand.

Those who engage in this practice are often referred to as slots “vultures.” They hang around games and do anything possible to get a seat when the bonus is set to come.

Therefore, you not only need the time to find nearly full meters, but also need the nerve to talk somebody off a slot.

Mystery Jackpots

A mystery slot machine offers a progressive jackpot that pays out at a specific point. For example, a game may deliver its top prize at exactly $250.

Much like with accumulator slots, some gamblers leave a mystery jackpot slot machine before it’s set to pay out. This creates another opportunity where you can gain an edge by stepping in at the right moment.

The biggest challenge in getting this advantage is knowing when to play a mystery jackpot slot. Here’s a formula via Michael “The Wizard of Odds” Shackleford for calculating a mystery game’s most-profitable point.

Formula: t = m × (h + r) / (h + 2r)
t = Target point
m = Max jackpot
r = Rise of meter (percentage of each bet that goes into the jackpot; e.g. 2%)
h = House edge (including average value of progressive jackpot)

This formula isn’t perfect. After all, you may not know the house edge and/or jackpot contribution for the game you’re playing.

But you can at least guess these variables and come up with a reasonable target point. For example, most games see around 2% of every bet go towards funding the progressive jackpot.

Here’s an example for using these variables to determine when you’ll have an edge:

Formula: $250 jackpot x (0.05 + 0.02 rise in meter) / (0.05 + 0.02×2) = $194.44
You should begin playing when the jackpot reaches $194.44.

Progressive Jackpots

Progressive jackpots play a huge role in the popularity of slot machines. After all, some of these prizes can be worth seven or even eight figures.

For example, somebody won a jackpot of $21 million through Microgaming’s Mega Moolah in 2019. This prize is an exception to the norm, but it shows just how large slots jackpots can get.

Interestingly enough, the Mega Moolah jackpot is “only” seeded at $1 million. Its base return to player (RTP) is 88%.

You definitely can’t expect to win profits on a game with 88% payback. This RTP is as bad as it gets in the slots world.

However, Mega Moolah’s payback grows along with the jackpot. At a certain point, this slot, or any other progressive game, can feature such a large jackpot that the game itself offers over 100% payback.

Assuming you play progressive slot machines at this point, you’re theoretically earning profits. But this is a huge “theoretical,” because you’d have to actually win the jackpot at some point to eventually be profitable.

The odds of winning the biggest slots jackpots can be 1 in 10 million, or even greater. You certainly don’t have any guarantees with these games.

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Why You Should Chase Slots Profits

You can see from the above description that slots winnings aren’t easy to come by. However, you may still find this pursuit worth the effort for a few different reasons.

Make Money With Entertaining Games

Millions of people around the globe play slot machines on a daily basis for the entertainment value alone. Now, just imagine if you could also make a living while enjoying these games.

Professional slots play gives you this opportunity. You can hang out in casinos and play different slots for hours while earning a living.

Pick up Comps on the Side

The profits that you accumulate from slot machines aren’t the only benefits to this profession. You can also earn rewards on the side of your play.

How To Win At Slot Machines

You simply need to sign up for a slots club card at any casino where you gamble. From here, your bets will be comped based on each casino’s formula.

Generally speaking, you often receive 0.01% of your total bets as rewards. Remember, this money is on top of the profits that you’re already making.

Make Your Own Hours

Many people dream of working a job where they can make their own hours. Professional slots play offers this very chance.

You decide when to visit the casino and how long you want to play. You can also choose which holidays to work and which ones to enjoy.

Of course, you may have to play at the busiest hours to truly capitalize on these opportunities. But you always have the choice of when to gamble.

Visit Different Casinos

If you want to be a professional slots player, chances are that you’ll have to move to Las Vegas to do it. After all, Sin City offers the most accumulator slot machines, mystery jackpots, and progressive jackpots in the world.

Basic differences between Limit and No Limit. First of all, let’s explain the fundamental differences between Limit and No-Limit. In Limit Hold ’em, you can oNo-Limity raise the amount of the big blind and most cardrooms and oNo-Limitine poker rooms will cap the betting at 3 raises. Limit poker vs. no limit strategy.

Assuming you enjoy visiting different casinos anyway, then you’ll love this aspect of being a slots pro. Vegas, for example, offers well over 100 different casinos.

Not all these gaming establishments offer great opportunities to make p

Mindlessly Playing Slot Machines