Because they believe they can win big payouts from small stakes, many players choose nickel and penny slots. Rarely will you find a machine with a minimum bet per spin that is less than.25. Most penny machines require a minimum wager of $1.00 to $2.00 in order to activate all pay lines and place maximum coins.
Not everyone wants to play games that cost pennies. High limit slots are what many people want. High roller slots were first introduced in Las Vegas in high-roller rooms. However, online casinos recognized that high roller gamblers also wanted to play online.
You can now find many online high limit slot machines. Below, we cover all you need to know about high-limit slot machines.
What are High Limit Slots?
The definition of high limit slots varies depending on who you ask. High limit slots are defined by players who place a $5 bet per spin, while low rollers may consider a $100 per-spin machine to be high limit.
No matter what your definition of high limit slots is, it doesn’t really matter. There are machines available online and in land-based casinos that will meet your needs.
Contact the support department if you would like to play at higher limits than those offered by your favourite online casino. You might be able get higher maximum wagers if you have a track record of playing at the highest levels offered by your favorite online casino.
The advantages of playing online high limit slots
Online casinos offer higher payback percentages than land-based casinos. This is the main benefit of high limit slot machines online. While online slot machines don’t have a higher payout percentage than those in your local casino. Many do.
Online casinos don’t have the overhead of a traditional casino. This means they can make less per game than a local casino.
Other benefits include the freedom to choose from many options and not having to travel for the games you desire. Online slots allow you to choose from literally thousands of games.
While a casino may have over 1,000 slot machines, many are identical to those found online. Online casinos offer more machines and many offer machines from different software companies.
Where can you find high limit slots?
The old rule was that you needed to visit a casino located in a large gambling area like Las Vegas to find a high-limit slot machine. Online software platforms now offer high limit slot machines.
Nearly every online casino offers multiple slots machines with bets ranging from $5 to $10 per spin. Many machines also accept wagers ranging from $100 to $1,000 per turn. Many online casinos offer special bonuses for high-roller slot players.
So you can quickly determine if a slot machine is right for you, each of our reviews includes the maximum wager per spin. Here’s an example.
Wings of the Phoenix from Konami allows for a maximum wager per spin of 225 EUR PS$. Reviewers also provide information about the range of coin values, pay lines and maximum coins per line. These numbers can be quickly viewed in the reviews to determine the minimum and maximum wagers.
Bankroll considerations for high limit slots
It is easy to determine how much money you will need to play high-limit slots. These are the things you will need to know in order to figure out how large your bankroll is to play high limit slots.
* The amount you wager per spin
* The number of spins per hour
* The number of hours you wish to play
* The house edge of the slot machine that you are playing
The house edge for the particular slot machine that you are playing is not always known so an estimate of the edge can be used. It is usually stated as a percentage of payback if you have the details. You subtract the payback percentage of 100% to get the house edge.
We recommend using between 5% and 10% if you don’t have a good idea of the house edge. This will give you a safe range, which includes the house edge for most slot machines.
The following formula can be used to calculate your bankroll requirements:
The amount you wager per spin divided by the number of spins that you take per hour multiplied by the time you wish to play times your house edge.
Here’s an example.
Here’s how to calculate if you want to wager $10 per spin, take 300 spins an hour, and play for 10 hours on a slot machine you don’t know about the house edge on.
Use a 10% house edge
$10 X 300, 10 X 10% = $3,000.
Use a 5% house edge
$10 X 300X 10 X 5 = $1,500
You’ll bet $3,000 an hour if you place a $10 wager on a spin that lasts for 300 minutes. Every time you play, your loss or win rate is different. These numbers give you your average loss. These numbers are your average loss if you play enough.
This example shows that you can expect to lose $150-300 per hour.
Here’s an example that uses a well-known house edge:
You wager $100 per spin, and you play 200 times per hour on a machine that has a 3.5% house advantage. You would like to play for five hours.
$100 X 200X 5 X 3.5% = 3,500
The equation is made up of four parts. Any one of the four components can be changed to change your expected loss. You can play less per spin if you wish to play more with the same bankroll. Or, you can choose a machine that has a lower house edge. You can also combine these options to increase your bankroll.
Too many spins per hour is a problem for many slot players. On some machines, you can take 400-600 spins an hour. You don’t need to play as fast or as often as the machine allows.
High roller slots offer huge payouts but can quickly reduce your bankroll. You can find online many high limit slot machines that allow you to place maximum bets of $100 per spin, depending on what you mean by high limit.