Nowadays, slots at www.wizardslots.com pay out a little higher than they used to in the past. The increase is mainly a result of jackpots, with progressive jackpots being the most lucrative.
Sometimes, progressive jackpots contain life-changing payouts that result from a percentage of all players’ wagering contributions to the final pot.
However, it is worth noting that regardless of how much you wager, the outcome will always be the same. There is a common belief among gamers that the bigger the wager, the higher the chances of winning. Nothing could be further from the truth.
The random number generator (RNG) is used in slot games to individualize each spin, and you are nowhere near winning a jackpot after 100 hundred spins than you are on your first. Likewise, you are not nearer to a pot because you wager £ 200 and not 20p.
Whether you wager the maximum or minimum amount possible doesn’t matter. Betting maximum means, you win a higher amount should you win.
How Can You Improve Your Chances of Winning?
Often, slot machines favour the house. But you can use a few tricks to help you beat the odds. Below are a few things you can do to improve your chances of winning.
Choose Machines with Higher Payout Percentages
Picking a slot machine with a higher payout percentage may help improve your chances. Payout percentages are one of the crucial pieces of data available to help you choose a slot machine. However, this number is taken over millions of spins, and your values could vary since you will be spending less time on the slot.
Select Slots with Smaller Jackpots
Slots that offer larger prizes tend to pay out less frequently, while those with smaller prizes tend to pay out more regularly. The bigger the pot, the harder it is to hit, so you are better off choosing a minor jackpot.
Most slots only pay progressive jackpots and bonuses when the max credits are bet. Even on standard slots, the jackpot payouts for max bets are marked higher than at any other bet level.
How to Calculate the Maximum Payouts
When calculating the maximum payouts for online slots, the fixed payout value is multiplied by the number of coins per line. The odds are more in your favour if you play the maximum number of credits available. But, some online slots have added features that boost your odds of getting a higher payout.
Below is how to calculate the maximum win in a slot machine.
Assuming that you bet the maximum credit on a slot like the Book of Dead, whose max line payout is 500x the wager and 5,000x in the bonus round, and a max bet of £20, the calculation is as follows:
The maximum line payout: 20 x 500 =£ 10,000
The maximum win in the bonus round= 20 x 5000= £100,000
The calculation in this example is very straightforward as there are no multipliers. The math could be somewhat complex if a slot includes multipliers in its bonus features.