Online slots have quickly grown into the biggest game in the iGaming industry. They were popular way earlier at land-based venues, but their popularity soared as soon as they made the switch online. Web-based slots nowadays come in more shapes and sizes than ever, but it’s the huge winning potential that remains the major draw.

The biggest wins on Las Vegas slot machines in the past were associated with jackpots. Nowadays, even a regular slot may pay more. It’s not uncommon to find slots that pay thousands of times your bet as the main prize, and that’s before you even get to progressive jackpots. These games offer prizes beyond your imagination even though your chances to hit the jackpot are tiny. They’ve still made many players millionaires, and some have shared the secrets of success.

How Likely Are You to Hit a Progressive Jackpot?

Not very likely, to be honest. Unlike fixed jackpots which were used on slot cabinets in the past, progressive jackpots keep growing. Each bet made on such a slot contributes to the progressive pot, which can burst at any time and often randomly, awarding the full prize to the winners. Online slots with such jackpots have made many players millionaires, and it wasn’t just luck that helped.

While it’s not easy to predict the next spin in a slot game, you can do other things to all but ensure the outcome of a spin. Playing responsibly is one of them, and, of course, having patience is key.

The Secrets Behind Slot Success Stories

Understanding the Basics – RTP and Volatility

First things first – before you start your slot journey, you will need to understand the basics. You can’t devise a strategy before you learn what slot RTP and volatility are. The core of every slot online is an algorithm named Random Number Generator. This technology ensures a random and fair outcome for all spins. It ensures that the gameplay stays fair by randomizing the action, so you can’t tell what the next spin brings.

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 When you fire up an online slot, you’ll see some unusual terms such as RTP. Displayed as a percentage, the Return to Player factor shows you the expected returns over a longer period. So, for example, if you play a slot with an RTP of 96%, you can expect 96% of your bets returned over time. The 4% that remain are the house edge. Obviously, you can expect better winning chances on slots with a higher RTP. However, the frequency of wins are also controlled by another factor – volatility.

In short, slot volatility shows how frequent a slot pays out. Online slots with high volatility pay less often, but when they do, they shell out big wins. It’s a big risk-big reward kind of thing. You also have medium volatile slots with a balanced profile between bigger and smaller wins, and low volatile slots that pay smaller prizes often.

Manage Your Bankroll

If you want to get the most out of your slot sessions and maximize the chances of big wins, you should always keep your bankroll in check. By keeping your bankroll in check, we mean managing it properly. This is a key tactic for slots, so before you start playing, you should set a budget for your bets and stick to it.

This will allow you to get more bets on a slot, which increases your chances of winning. Many players prefer to go with small bets and line up wins over a longer period. Some decide to go all-in and hunt for the top prizes. It’s up to you to use a strategy that works best with your budget but keep in mind that splashing it all on a few spins might leave you penniless.

Choose the Right Slot

No two slots are the same. When playing slots, you should pick the right one if you want to get the best possible returns. Most slot winners went for high-RTP slots with the right volatility per their budget. It should be a slot that suits your playing style and budget unless you’re hunting for jackpots, in which case you should go with the most rewarding game possible.

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Progressive jackpots are obviously the best big-win type of slot you can spin. They come in different themes and have one goal – to provide the best possible win you can ever hit. If you’ve read incredible slot success stories with millions won, that’s a progressive jackpot win. Microgaming’s Mega Moolah is the best in this regard, holding the Guinness World Record for top slot win of all time. You should obviously pick the right slot if you want to hit the largest wins. Do your research and check factors such as RTP, volatility, and maximum win potential in order to get the most out.

Keep Your Bets Smaller

Winning on slots can be a bit of a grind. If you think you can just waltz your way in on a low-volatile slot and start winning, you might be surprised about the mounting losses. Even on low volatile slots, you will need a bit of time and dozens of bets before you get a return on your investment. This is why it’s important to manage your bankroll and keep your bets small, especially in the beginning. This will help you stay in the game for much longer, and by spinning for a longer time, you will earn more chances to win.

Use Bonuses

The best gaming sites online use a wide range of bonuses to keep players entertained. You can get a welcome package on sign up, usually doubling your first deposit and offering free spins. While bonuses come with all kinds of specific terms, you can win real money with them, and sometimes without caps on winnings. But, before using any bonus, you should give the terms a thorough read. No bonus comes for free, and if you don’t stick to the rules, you won’t be able to win anything.