What Are the Odds of Winning on Online Slots – How to Increase Your Chances of Winning
Oliver Moore / 15 January 2022

What Are the Odds of Winning on Online Slots – Helpful Tips to Improve Your Game

If you think that all you have to do to win an online slot is click the Spin button and hope for luck, you’d be wrong. Despite their simplicity, pokies are more than just about spinning the reels. To choose a suitable game, you should have at least some idea of what are the odds of winning on online slots. Modern pokies are sophisticated and well-thought-out casino games favoured by many Australian gamblers. While they’ve become much safer, it’s also harder to predict their behaviour. So, we’re here to give you an idea of what are the odds of winning pokies at online casinos in Australia.

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Pokies with the Best Odds of Winning

The days when slots were huge machines with mechanically driven reels are long gone. Today’s pokies are online apps based on strictly coded algorithms. To add an element of randomness to the gameplay, game studios use RNG, a special software code that generates random numbers. Each of these numbers has a specific symbol tied to it, which ensures that each game result is random. With that in mind, there are a few basic parameters that determine the odds of winning pokies, and we’ll look at them below.

The Higher the RTP – the Higher the Chances of Winning?

To answer this question, you need to understand what the RTP is. By figuring it out, you’ll be able to determine the chances of winning on pokies at online casinos. RTP is a number that indicates how much of the total amount of money spent on bets by the players of a particular slot will be returned in winnings. In simple terms, RTP determines what percentage of all bets made will be in the prize pool of a specific pokie. It’s easy to guess, the higher the RTP, the larger the amount the slot pays out in the long run.

However, you should understand that this parameter is not tied to a specific player and a specific game session. The actual RTP may tend to zero or significantly exceed 100% on short distances. Therefore, you should only consider the RTP value when choosing a pokie if you are set up for a lengthy playing session. So, having the RTP alone is not enough to find out the odds of winning pokies. That’s why we’ll talk about some other important parameters that you should also consider.

Chances of Winning Pokies – Volatility of Slots

So, just knowing the RTP is not enough to find out what are the chances of winning on pokies. To determine how often a particular pokie pays and how big the prizes are, a parameter called volatility (dispersion) has been introduced. The volatility level indicates whether the mathematical model used by the slot is stable or unstable. So, the higher the volatility level, the less often you will land winning combinations. However, these infrequently falling combos will yield quite large payouts. The opposite is true with low-volatility pokies: they pay out often but in small amounts.

So, if you’re aiming for frequent – though not huge – payouts, then low-volatility, high RTP slots are your best bet. Ultimately, you must understand that the higher the wager, the bigger the potential payout. So, by increasing your wager, you get the chance to land something really valuable even despite the low-volatility nature of the pokie. Also, low-volatility casino slots with a high RTP are the most promising for wagering bonuses.

Placing Higher Bets at Casino Games

Some gamblers claim that the higher the bet size, the better the winning chances. RTP and volatility determine winning odds, two important parameters explained above. Regardless of what bet size you select, these parameters’ values will remain the same. However, it does make sense to raise your wager to the maximum value for slots with a progressive jackpot. To qualify for the maximum prize, you must make the max bet. So, the winning odds in some slots depend on the size of your bet, albeit indirectly.

online slots odds of winning

Expert Tips on How to Improve Your Odds of Winning at Australian Slots

The truth is that Australian pokies work like other online slots available at any online casino worldwide. Based on the RNG, they don’t allow players to influence the game results directly. However, by arming yourself with knowledge of what are the odds of winning on online slots and using the tips listed below, you can improve your game immensely.

  • Find the best game concerning volatility and RTP. That is, find out what are the odds of winning on online slots before you spend any money on betting. If you are new to the game, we recommend opting for low-volatility pokies featuring decent RTP.
  • Know how much to bet and how many paylines to activate. By understanding what are the odds of winning on online slots, you are more likely to activate the maximum number of betways to achieve the desired result.
  • Don’t fall prey to misconceptions about slots. So-called “hot” and “cold” pokies are nothing more than myths.
  • Use casino bonuses. Wondering the odds of winning online slots, you should realize that bonuses with low wagering requirements are a blessing in disguise.
  • Limit your playing sessions by the time and amount of money you are willing to spend. Also, learn to walk away when you are in the black.

Also, make sure you choose a reliable gambling website, as all your research into finding pokies with high winning odds will be in vain if you end up on a fraudulent platform.

Summary

When playing RNG-based casino games such as pokies, you should realize that you are doomed to lose, as the edge is with the house. However, you always have a good chance of winning something of value. So, we recommend choosing games with high RTP, low volatility and playing with sensible bankroll management in mind.

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Written by

Oliver Moore

Oliver Moore is the leading online casino expert and editor of all posts at Spin Paradise. Oliver believes in luck but considers tactics to be equally important.

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FAQ
  • What are the odds of winning on online slots?

    Two parameters - volatility and RTP, determine your chances of success - so pokies are pure chance games.
  • Is it worth the high stakes playing pokies in Australia?

    The higher the wager, the greater the potential payout, so betting high makes sense, but only if you have a sufficient bankroll.
  • Which pokies are the best for wagering casino bonuses?

    By opting for low-volatility pokies with a high RTP, you improve your chances of fulfilling requirements for wagering bonuses.