HIGHER DENOMINATION SLOTS HAVE HIGHER PAYBACK PERCENTAGES
It was true when three-reel games ruled slot floors, and it’s true now when the large majority of games are video slots: Dollar slots yield a higher payback percentage than quarter slots, which may more than nickel slots, which pay more than penny games. That doesn’t mean everyone should rush out and play dollar slots.
There are factors beyond payback percentage, including entertainment value and what you want from a game.
Even in pure dollars and cents, playing higher-denomination games means bigger bets and more risk. If you’re betting $3 on a three-coin dollar slot that pays 95 percent, your average losses will be more money than if you’re betting 40 cents on a 40-line 1-cent game that pays 86 percent.
IF YOU PLAY PROGRESSIVE SLOTS, MAKE SURE YOU BET ENOUGH TO BE ELIGIBLE FOR THE JACKPOTS
On progressive slot machines, a percentage of each wager is added to the jackpot or jackpots.
Three-reel slot machines usually have a single progressive jackpot on the top payoff, and you must bet maximum coins to be eligible.
On a three-coin dollar slot machines, for example, you can’t win the progressive if you bet only one or two coins. Instead, landing the top jackpot combination on the payline brings a reduced payoff at a fixed amount.
On video slots, progressive jackpots usually are multi-tiered. Anywhere from two to 12 progressive levels have been offered.
Typical is a four-tier progressive with levels labeled mini, minor, major and grand, or bronze, silver, gold and platinum, or something similar.
On some video slots, all players are eligible for the jackpots regardless of bet size. On others, you must make a separate bet to be jackpot eligible.
The jackpots are the main events on progressives, and aside from those jackpots, the games usually pay less than other games.
Don’t settle for a lower-paying game. Make sure you make the bets necessary to be eligible for the jackpots. If you can’t afford those bets, choose a non-progressive game.