Analyzing 4 Different Slots Advantage Play Methods
Slots are one of the most random games in the casino. You select your bet size, spin the reels, and hope that luck is on your side.
Slot machines are great for trying to win huge payouts in an instant. But they�re not viewed as good ways to earn guarantee profits.
Instead, table games, where you can use advantage play techniques like card counting, hole carding, and shuffle tracking, are considered better routes for earning profits.
But this isn�t to say that you can�t also gain an advantage through slots. In fact, there are four ways to win long-term slots profits.
Keep reading as I discuss each of these methods along with their pros and cons.
1 � Mystery Progressive Slot Machines
Almost all slot games randomly determine when a jackpot is paid. Mystery progressive slot machines, on the other hand, differ because they pay jackpots at a specific amount.
For instance, a game might be programmed to pay its jackpot at exactly $250. This means that you can predict exactly when the payouts will be delivered.
One defining characteristic of mystery progressive slots is that they have small jackpots. Their top payouts usually range between $50 and $500.
This isn�t very exciting if you like chasing huge jackpots, but the benefit is that you can use these guaranteed amounts to gain an advantage.
You need to calculate the target point when you should start playing in order to gain this edge. Here�s a formula that�ll help you do so.
- Formula: t = m � (h + r) / (h + 2r) t = Target point m = Max jackpot r = Rise of meter (how much of each bet goes into the jackpot; i.e., 2%) h = House advantage
The toughest part about this formula is that you�ll be dealing with one or more unknown variables. You won�t know the rise of meter, but you can reasonably assume that it will be around 2%.
Return to player (RTP) for most online slots is easy to find. But land-based slot machines� payback is rarely public information.
You�ll have to estimate the latter by looking at state gaming reports to see how much each coin denomination pays. For example, a Nevada report might show that dollar slots offer 95% RTP on average.
Here�s an example on using the formula to figure out a target point.
- You�re playing a slot with 96% payback (4% house edge) Rise of meter is 2% Jackpot hits at $400 Formula is: $400 jackpot x (0.04 + 0.02 rise in meter) / (0.04 + 0.02�2) = $300 target You should play this game when the mystery jackpot is at $300 to gain an edge
Once you know the target point, you can either start playing right away or wait for the jackpot to increase further. Waiting is risky, though, because somebody can step in and play for the jackpot before you.
Therefore, the best strategy is to jump in as soon as possible, rather than leaving things up to chance.
Pros of Playing for Mystery Progressive Jackpots
Mystery progressive machines are one of the rare guarantees in slots. You know exactly when the payouts will be delivered, and you can use a formula to calculate when to start playing.
This makes mystery progressive games the best in terms of earning guaranteed slots profits. And you can look forward to some nice payouts if you consistently visit casinos and look for favorable opportunities.
Another benefit to these games is that they offer low variance. The jackpots are small and come at guaranteed amounts.
Contrast this to a standard progressive slot, which delivers the top payout completely randomly. You can never guess when you�ll win the prize in this scenario.
All of these features combine to make mystery progressive slots the best with regard to preserving your bankroll.
You still need to worry about the randomness of small payouts. But you can at least look forward to positive expected value (+EV) overall with proper calculations.
Cons of Playing for Mystery Progressive Jackpots
The bad thing about playing for mystery progressive prizes is that the top payouts are small. I mentioned earlier how you can normally only expect to win jackpots worth between $20 and $500.
Some mystery progressive jackpots are worth $10,000 or more. But this leaves you waiting longer for the payoff and takes away some of these games� benefits.
Another downside to mystery progressive machines is that you need to go through a long grind to make significant profits. Contrast this to bigger progressive games, which offer the chance to make serious money in a short amount of time.
One more drawback is how you must do calculations to determine your advantage. If you�re not adept at math, then you may hate using the previously discussed formula to figure out the target point.
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