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Online slot tournaments are becoming increasingly popular. They are fun to play and offer an element of competition since you are playing against the other participants. Tournaments also offer long play times and the opportunity for a large payout with a set price to buy in.
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Slot tournaments can either require a fee or "buy in" or be a freeroll tournament. Freeroll is casino jargon for a free tournament. Free slot tournaments are used to bring in new real money players. The free slot tournaments usually require participants to sign up at an online casino. Around holidays you will often find freeroll tournaments that have large payouts. There are also online casinos that offer smaller weekly freeroll tournaments. The tournament itself will not cost you any money, but you will need to provide accurate contact information to play.
Each tournament will have its own set of rules but generally, there is a fee or "buy in" required. For this fee you will either receive a set number of credits or a set amount of time to play. Each participant receives the same amount of time or credits. These credits can then be used for spins on designated slot machines. In time limit tournaments you will want to make sure to get as many spins as possible. The goal is to end up with the largest amount of winnings.
Most tournaments use play money. It cannot be exchanged for cash when you are finished. The advantage of play money is that all you stand to lose is your entry fee. Every player has the chances of winning at the beginning of the tournament. No one will start with a larger stack than anyone else. The disadvantage of this system is that jackpots do not pay off in cash. If you hit a progressive during a tournament the maximum that you will receive is the tournament top prize.
Online slot tournaments generally do not require all players to start at the same time. There is usually a set amount of time that you will have to play. This time starts when you choose. The object of the game is to end with more credits than any other participant. You are allowed to stop playing at any time. Most tournaments have a leader board so you may decide to stop if you become the leader.
Familiarize yourself with the rules of the particular slot tournament than you are playing in. Although the actual play will be similar, the payout and re-buy systems may be different. Some online slot tournaments will allow you to re-buy credits after you have used your initial credits. This is important to know if you are on the leader board and expect to be paid out. Each tournament also decides how it will determine the winner. In some slot tournaments, the player with the most credits at the end of the established time period wins. Other tournaments have a playoff with a predetermined number of finalists.
Online slot tournaments give you the opportunity for large payouts for a relatively small investment, and a long playing time for a relatively small investment. It is a great way to get into online gambling without investing too much money right off the bat.
Being a winning slot machine player is impossible. All slot machines are specifically designed in order to give the house a long term edge, so the house will always come out ahead if you play long enough. The only real way to counteract the house edge on slot machine games is to play a game with a really big jackpot, bet the max every time you play, and hope that you hit the jackpot. Then when you do hit the really big jackpot, guess what you do next? Stop playing that game.
Don't get me wrong. I'm not saying that you shouldn't play slot machines. In fact, I think slot games, especially the really good ones, are a lot of fun. But you want to keep in the forefront of your mind that mathematically, what you're doing when you're playing a slot machine on a long term basis is paying for entertainment. You can calculate how much you're paying for that entertainment by multiplying the house edge times your average bet times your number of spins per hour.
For example, if you're playing a slot game with a payout of 95%, then the house edge is 5%. (The casino keeps 5% of every bet you make long term.) And if you're average bet is $3, then you're going to pay an average of 15 cents per spin to the house. (5% times $3.) Assuming you're making 500 spins per hour, that game costs you $75/hour to play, which may or may not be a reasonable price for you entertainment. That depends on your bankroll.
Something else to factor into your calculation is how much the perks and bonuses you're getting back from the casino are worth. If you're playing in a land-based casino where you're getting free drinks while you play, then you can subtract the cost of those drinks from you're hourly cost. (Or you can add the cost of those drinks to the value of the entertainment you're receiving--it's just a matter of perspective.) My recommendation is to drink top-shelf liquor and premium beers in order to maximize the entertainment value you're receiving. A Heineken can cost $4 a bottle in a nice restaurant. Drink two Heinekens an hour, and you've just lowered what it costs you to play each hour from $75 to $68.
Slot clubs also give back a percentage of your losses each hour, so definitely be sure you join the casino's slot club and ALWAYS use your card to track your play. There's absolutely no reason not to do this. Casinos bangsa jp also reward their larger slot players with comps like meals, show tickets, and free rooms, which all add up to reduce the amount of money you're spending each hour that you're playing on their machine.
So how to be a winning slot machine player? I'd sum it up by saying know how much it's costing you to play each spin and each hour, take advantage of all the comps and the perks, and go for the big progressive jackpot.