Video slots have been a popular form of casino entertainment for a very long time. Most slot players enjoy these games because of their easy format and flashy nature.
Due to the often low stake amounts and the speed at which you can play numerous spins, the question "Can you win big money on slot machines?" lingers at the back of many players' minds. If that is you, then continue reading.
In this post, we will attempt to ease your mind by answering this question and others, such as whether anyone has ever won big playing slots, how you win big, and what slots have the highest payout percentage.
Can You Win Big Money On Slot Machines?
The short answer is yes, you can win big money on slot machines. It is true that slot machines are chance-based games. They use Random Number Generator (RNG) software which is a system that ensures that the results of a spin stay consistently random and unpredictable.
Even so, symbols may line up in a payline once in a while and hit a winning combination. The reward could be little, or they could be massive, depending on the kind of slot game you are playing. One particular slot machine you can potentially win big money on is a progressive slot machine.
Progressive slot machines are jackpot slots with a growing pot as a jackpot. So, instead of the potential win amount being fixed, the pool grows with each bet until it is won and starts over again.
However, the chances of winning progressive jackpot slot machines are far lower than in regular slot games. But small does not mean impossible.
Does Anyone Win Big Money On Online Slots?
If you have been playing slot machines for a while but seem to never win anything significant, you may start to wonder if anyone can win big money on online slots.
The answer is yes; anyone can win big money on online slots. In fact, there are a number of recorded slot machine winners who have won millions from these games. For example, in 2015, Mr J Haywood, a soldier from Cheshire, won £13.2m with a £0.25 bet from a progressive slot machine.
Concerns about the fairness of the games or the machines being rigged are natural. However, casinos cannot rig a slot machine as they risk losing their license and customer base by doing so. In addition, the use of an RNG ensures that outcomes are fair and unpredictable.
It does not matter whether you are playing in a land-based casino or online; the odds of winning big money are similar across the board.
What Slot Has The Highest Payout?
Not all slots are created equal. You can find slot games with the most popular themes, lowest bet sizes, different ranges of volatility, different paylines, bonus features and Return to Player (RTP) rates.
We're going to focus on the latter. An RTP rate can give an indication of a slot's payout tendencies. The higher the RTP, the higher the amount of money taken in by the slot it pays out, in theory.
However, if talking about the highest payout amount possible, the best slot machines for this would be ones with progressive jackpots.
Among the most popular progressive jackpot games is Mega Moolah, created by Microgaming. Some of the biggest wins in online casino history have been made with this game since its release over a decade ago.
To date, there has been over £1 billion in payouts since it first hit the casino scene. But it is not the only game that has the potential to offer big wins. There are other slot games you could try that have high payouts and high RTP rates, including:
- Diamond King Jackpots - 96.44%
- Blood Suckers - 98%
- Legend of the Golden Monkey - 96.1%
- Enchanted Waysfecta - 96.19%
- Monopoly Mega Catch - 96.05%
All of the above slot games are available to play here at Wizard Slots.
How Do You Win Big On Slots?
Owing to the fact that slots produce random results, there is no formula to winning big. In fact, there is no way to increase your chances of landing a win in a slot game. However, below are some tips that may prove helpful in choosing the right slot for you.
The first and obvious thing that ensures you win in online slots is by hitting a winning combination. You choose a slot, place a bet, spin the reels and see if the correct symbols line up; this is possible in any slot game.
If you are trying to find a slot game that may see you land wins, try the following:
Play a slot game with a higher RTP rate - Although an RTP rate is theoretical and an average measured over a large number of spins, it can give you an idea of an online slot's payout rate. For example, an online slot with a 98% RTP rate theoretically means that for every £100 it takes in, it pays £98 back out to players on average.
Pick low or medium volatility slots - Another aspect to look at is a slot's volatility. The volatility of a slot game indicates how often a slot game may hit a winning combination. For example, a high-volatility slot may, theoretically, land wins less frequently than lower-volatility slots, but if they do land, they are likely to be more significant. As such, choosing lower-volatility slots may see you land wins more frequently than higher ones, but the wins may be less substantial, in theory.
But, like the RTP, it is all theoretical and may not reflect in a shorter session. However, it can be an excellent way to select a slot more appropriate for you.
It is worth noting that you can do all the above and still not win big. That is because slots are random, thanks to the RNG chip. So you can play the best slot game with the biggest jackpot and the highest RTP rate and still not win any significant amount.
So, you can win big money on slot machines. It has happened numerous times before. However, the chances of that happening may be low. Therefore, when playing slot games, it is best to always remember that they are games of chance with no guarantees.
You can try progressive slot games for the chance to play for some of the biggest wins available in online slots, but there is no guarantee of this happening. Additionally, keep in mind that slot machines are meant to entertain and not to generate income, so you should always gamble responsibly.
*All values (Bet Levels, Maximum Wins, etc.) mentioned in relation to this slot game are subject to change at any time.