Best Online Slot Bet Amount?

If I were given $50 to play, I would probably wager the smaller amounts. I am just cautious that way. It would be more fun to bid higher amounts though! In the past, I have bid small until I win, then I bid higher.

My bf just won $30 by placing an 8 cent bid. I think those are few and far between though.

I am too chicken, so I always wager fifty to sixty cents. The exception is Lucky Tiger, because minimum bet is 88 cents for that game.

My friend wins three to four hand pays per year at the land casino and she always bets ALL lines minimum bet!

I have been tempted to bet more on the no-deposit chips like my brother does at the land casinos when they give him a free five or ten bucks. I know some people who only play max, but when I have tried to raise my bet, it honestly does not seem to make that much of a difference.

The most I have bet in the online casinos is 1.00 per bet, and that is only when I am WAY ahead and I only try it for a few spins.

barbadosslim93 wrote:

I am feeling very tempted to go out and try this method with $50, just to see what happens. If and when I do this, I will film it with my iPhone and put the results on YouTube for everybody to see.

What do you think?

What method are you talking about, 'Slim? Betting 2.00 per spin with a 50 dollar deposit, or more per spin?

Me thinks it is your money, lol, but I will be interested to see the results. I wonder how much the odds really change, though, with the higher bets, because I know so many who have won HUGE jackpots on the smaller betting amounts. It would be interesting to know if there are stats behind that.

Whatever you decide, GOOD LUCK! 🙂

I don't think it's a matter of how much you bet but how many lines you play. When I tried the fun play, it seems more tighter to win if you max bet but if you turn off half of the multi-lines there's a chance you may win big.. hey, I could be wrong! LOL

I would definitely ALWAYS play ALL lines, minimum bet rather than fewer lines with a higher bet.

I am really curious about this topic now, and I still wonder if the odds change when we change our bets.

CL-Ed?

I also play all lines and I usually bet 20 cents per line. I'm a coward and I'm afraid to wager more. 🤷

I've just started gambling so I never know how much to bet 🙄

You need to make the call between what you value more - playtime and entertainment or the chance of a huge win. You increase your chance of a huge win by wagering more, but you do so by increasing the risk of going bust real quick. Try it in fun mode first and see. Most of the time you will bust but once in a while you might hit something big. Neither approach will change the house edge though so the odds are still against you finishing in front no matter what you do.

The interesting thing is that as far as I am aware, when you play online all games have the same house edge regardless of your coin size, with the exception of progressive games that only pay the jackpot if you bet max coins/max lines. However at the land casinos it is common that the smaller coin machines pay out at a much worse rate than the bigger coin sizes. I actually have some numbers here for an article we're doing that compares land based and online payouts. These are the payout rate percentages (RTP) of machines at Nevada casinos for 2011:

1 cent: 90.0%
5 cent: 94.4%
25 cent: 94.4%
1 dollar: 94.6%
Megabucks: 88.8%
5 dollar: 94.9%
25 dollar: 96.5%
100 dollar: 96.2%
Multi denomination: 94.8%

Source: http://gaming.nv.gov/documents/pdf/1g_11dec.pdf

So it's pretty clear that you get a better deal by playing the $25 and up slots at Vegas, and the 1 cent and Megabucks machines are by far the worst deal (although in the Megabucks case they are funding the jackpot). If I had a small budget I would still avoid the penny slots and try to play the 5c machines.

CL-Ed wrote:

You need to make the call between what you value more - playtime and entertainment or the chance of a huge win. You increase your chance of a huge win by wagering more, but you do so by increasing the risk of going bust real quick. Try it in fun mode first and see. Most of the time you will bust but once in a while you might hit something big. Neither approach will change the house edge though so the odds are still against you finishing in front no matter what you do.

The interesting thing is that as far as I am aware, when you play online all games have the same house edge regardless of your coin size, with the exception of progressive games that only pay the jackpot if you bet max coins/max lines. However at the land casinos it is common that the smaller coin machines pay out at a much worse rate than the bigger coin sizes. I actually have some numbers here for an article we're doing that compares land based and online payouts. These are the payout rate percentages (RTP) of machines at Nevada casinos for 2011:

1 cent: 90.0%
5 cent: 94.4%
25 cent: 94.4%
1 dollar: 94.6%
Megabucks: 88.8%
5 dollar: 94.9%
25 dollar: 96.5%
100 dollar: 96.2%
Multi denomination: 94.8%

Source: http://gaming.nv.gov/documents/pdf/1g_11dec.pdf

So it's pretty clear that you get a better deal by playing the $25 and up slots at Vegas, and the 1 cent and Megabucks machines are by far the worst deal (although in the Megabucks case they are funding the jackpot). If I had a small budget I would still avoid the penny slots and try to play the 5c machines.

This is exactly what I was asking about and curious about when I asked the question. I wonder how it works when you change the bet on a machine with the same denomination? So, say you are playing on a one - cent machine, and you are playing forty lines at one-cent per line, for forty cents per spin. Then you decide to play the same number of lines on the same machine, but you bet five cents per line for $2.00 per spin. Do your odds then get better or do they remain the same.

Another question I have is why would this be different in the online casinos, CL-ED? Wouldn't it be the same where the odds increased the more you bet, or not?

This topic makes me very curious, and I look forward to reading the article. 🙂

I would hazard a guess that it would depend on the individual machines. The easiest way they change the house edge on a slot is to add or remove symbols from the reels. So to increase the payout rate they might change one low paying symbol to a higher paying one to make it more likely to hit (and vice versa). This is easy to do on an electronic video slot machine but less likely to happen on a mechanical machine with physical reels. Maybe to be safe you should play a machine where the minimum bet size is 5c! 😉

As to why the online games don't do this. I don't know. It will be interesting to see if and when the Vegas casinos come online whether this sort of thing starts happening online too.