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Can You Be an Advantage Online Slots Player?
Online slots seem like the last type of game that you can beat with skill. After all, they involve spinning reels over and over and waiting for fate to do the rest.
Another roadblock to beating online slot machine games is that they�re based on software. Unlike card counting in land-based casinos, for example, online casinos can easily program slots to avoid providing an advantage.
Nevertheless, you might be surprised to know that you can beat these games in certain instances. You just have to find an opportunity and take advantage.
I�ll cover a couple of examples of players winning big profits through online slots. But first, I�ll discuss more on why people think these games are so difficult to beat.
Why Do Gamblers See Online Slots as Unbeatable?
Certain table games, like baccarat and European roulette, see you win around half the time. You�ll experience many winning sessions with these games as a result.
Online slots differ, though, because they�re among the most volatile games in the casino. You�ll lose far more times than you win in any given session.
Of course, internet slot machines are still programmed to pay back at a reasonable rate. You can expect to win around 96% of your money back with the average online slot.
But the volatility is the problem. The only reason why you can win back 96% of your money (or more) is because you�ll occasionally hit big wins.
Considering that these large wagers come so infrequently, you�ll be losing quite a bit up until these points.
You may eventually think that online slots just can�t be beaten unless you hit a jackpot.
But as I�ll cover throughout this post, you can win with these games under the right circumstances.
Slots Bonuses Can Sometimes Result in Profits
The most common way you can make profits through slots is to combine your winnings with a favorable bonus. The good news is that most online casinos offer a number of deposit bonuses.
But you can�t just take any deposit offer and win money with it. Instead, you need to find the perfect circumstances.
The first element you need is low wagering requirements (playthrough), which refer to how much must be wagered before cashing out a bonus.
The second crucial aspect involves what games you can play to meet playthrough. Online casinos typically place restrictions on their top-paying slots when it comes to bonuses.
They may offer games with 98% return to player (RTP). However, they�ll either restrict or outright ban these games from counting toward wagering requirements.
I should warn you that the majority of the time, you�ll be dealing with bonuses that offer negative expected value. Casinos expect some players to win profits thanks to bonuses, but they still want to beat the average gambler.
You can win theoretical profits under the right circumstances. Here�s an example:
- You qualify for a $500 bonus.
- Wagering requirements are 35x.
- 500 x 35 = $17,500 must be wagered
- You find a slot with 98% RTP (2% house edge) that�s not restricted.
- 17,500 x 0.02 = $350 theoretical loss
- 500 � 350 = $150 theoretical profit
The best place to find favorable bonus deals like these is in newly regulated markets. When Pennsylvania begins offering legal online casinos, for example, it�ll feature plenty of lucrative offers.
These are the markets where gaming sites do everything they can to grab customers. They�re willing to lose a little money on bonuses as long as they recruit numerous players.
You won�t, however, have as much luck in regulated long-standing regulated markets (e.g. the UK) or offshore markets. The latter, which includes most of the US, are among the stingiest when it comes to bonus deals.
You Can Occasionally Find Flaws in Game Designs
When you think of an advantage gambler, you probably envision a card counter or somebody with similar skills. These are the players who can make consistent profits through their abilities rather than just bonuses.
Unfortunately, internet slots don�t offer a consistent advantage gambling technique like card counting. But opportunities do occasionally arise for a limited time.
Case in point, a group of New Jersey gamblers once made well over $1 million by exploiting flawed designs in online slots.
In 2019, a New Jersey gambler named �Jay� found an advantage through IGT�s Ocean Magic slot. Just weeks later, he also discovered a flaw in IGT�s Golden Egypt.
Jay asked a casino actuary to run the numbers on the games� profit potential. The group discovered that they could gain a massive advantage with both games.
They used this knowledge to earn a combined $1.4 million. Both slots were quickly pulled from NJ online casinos in the aftermath.
As for Ocean Magic, it featured �climbing wilds� that moved up one space after each spin. The wilds would eventually exit the screen at the top.
Jay discovered that if he switched his coin denomination, a climbing wild would always return to the original bottom position. In reality, it should�ve continued climbing regardless of the betting action.
The group continued playing Ocean Magic and making money until it was finally removed. They were able to win $900,000 before the casinos finally caught on.
Just six weeks later, the team found a similar flaw in Golden Egypt. They exploited this imperfection to the tune of $500,000.
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