The possibility of online slots paying real money is exciting, but only some players have benefitted from the prospect. That may lead to many players doubting whether it’s likely to win real cash from slot games. Unfortunately, keeping track of every winning player could be impossible since there are countless online casinos and even more physical casinos.
However, some players receive real cash wins from their slot games. Let’s see how.
Can You Win Real Money From Online Slots?
Yes, you can win real money from slot games. However, this depends on a few factors.
Slot RTP
Different slots have varying Return to Player (RTP) rates. RTP refers to a theoretical value that measures how much of the money taken in by the slot is paid back to players. For example, most games have an average RTP of 96% to 97%. That means that for every £100 wagered, the slot pays out £96 or £97 to players.
However, as slots are random, there’s no saying how or when this will be paid out. RTP is also calculated across a large sample, so a short session may not reflect this.
Slot volatility
A slot’s volatility refers to how the slot should behave in theory. For example, higher volatility slots may pay out less frequently than lower volatility slots, but the wins may be bigger. On the other hand, low-volatility slots may deliver smaller wins more frequently than high-volatility slots, but this is theoretical and not guaranteed.
Slots are unpredictable
Online slots use a Random Number Generator (RNG), which generates number sequences using an algorithm to determine the random outcomes of each spin. Therefore, winning real money from slots is not a guarantee.
How Do Online Slots Pay Out?
Firstly, you need an active online casino account at Wizard Slots to play slots online. You can access hundreds of slot games once logged in. If you land a matching symbol combination in a particular slot, it triggers a cash prize. That cash prize is then added to your funds and can be withdrawn - unless it’s subject to any wagering requirements.
What Are The Best Slots Online To Play For Real Money?
You can be spoilt for choice the first time you log in to Wizard Slots. So, it’s best to consider a few factors to know which are the best online slots to play for real money.
Play slots with high RTP
Note that playing slots with high RTP does not guarantee real money wins. RTP is merely a theoretical value that measures how much a slot pays out in the long run. For example, you might be better off playing a 97% RTP slot versus a 93% slot. That doesn’t mean that the former will pay more often, but rather that it is likely to pay out more to players compared to the 93% game.
Remember your goal
The motive behind playing online slots should be to have fun rather than make money. Therefore, it would be pointless to play for profit since earning real money from slots is never guaranteed.
Note the slot volatility
Some players prefer more volatile slots because they can pay higher amounts even though the wins may come less frequently than in lower-volatility slots. Conversely, low-volatility slots may be preferable among players that prefer the chance at more frequent lower-value wins.
Are There Any Free Slots That Pay Real Money?
Online casinos like Wizard Slots don’t offer free slots or demo slots as per UK Gambling Commission (UKGC) regulations. So, you have to play with real money to enjoy your favourite slot games, but they also pay out real money if you win.
There might not be any free slots, but you can benefit from bonus features like Free Spins, respins, multipliers, wild symbols, etc., depending on which slot game you play.
Free Spins allow players to enjoy extra spins without paying for them. Sometimes, you can trigger the Free Spins feature via scatter symbols or special symbols. So, you can win a number of extra spins to enjoy more rounds of the slot at no extra cost.
Conclusion
Online slots can pay real money. However, this isn’t a guarantee since slots are random. Winning is possible, but there’s no telling when, or even if, it will happen.
*All values (Bet Levels, Maximum Wins etc.) mentioned in relation to this slot game are subject to change at any time.
