Online pokies are the most famous casino games with millions of fans around the world. In the last decade, the gambling industry has changed significantly, providing players with more fun and live experience. Recently, leading software providers have introduced some innovative features, including live casinos, bitcoin casinos, or platforms where you can play for free and win real money.
Moreover, more and more pokie sites offer so-called accessible gambling. It means that you can join the pokie game with a few dollars in your pocket. However, we will discuss the opposite situation, when you bet the maximum allowed bet on one spin. So, in the next part of the article, we will talk about betting limitations, and what would happen if you bet 100$ on each spin of a casino slot machine.
Online pokies provide multiple ways to place bets. There are pokies that allow you to bet the minimum amounts as $0.10 or $0.20 per spin. However, the maximum amount can be as close as $100 in most pokies. We recommend our readers who just started to gamble, stick closer to the minimum bets of $0.10, or $0.20. It will help you to learn how the pokie works and get more fun without big losses.
Can You Imagine Placing the Biggest Bet?
Many gamblers try to stay away from making maximum bets because for some players $100 is their entire bankroll. Just imagine that you bet $100 on each spin? Would you have a higher chance to hit a massive win or a jackpot? Or would you lose everything faster? If the world of high stakes is not for you, we’re going to discuss more about high stakes, and what pushes players to bet $100 on each spin.
Most Players Have Not Wagered Anywhere Closer to $100
Generally, $100 is the maximum bet you can make in the average online pokie. Only some gamblers can afford to place $100 on each spin, however, it gives more thrill and a chance to win a bigger prize. Of course, it’s not necessary to make such huge bets, there are many other options for average players. Even at the minimum bets of $0.10 per spin, it’s possible to earn good money.
How Much Can A Player Lose Wagering $100 per Spin?
Online pokies have an important indicator that is called Return to Player (RTP) that show how much money can be returned over time. In order to calculate the real percentage of return, we have to make thousands of spins. Since that, it’s impossible to check the slot’s RTP and expect to get the same number in the short term. However, as a player, we want to have more an RTP as close to 100% as possible to have the highest chance of winning.
Payout percentage helps to identify the theoretical losses playing with different stakes. In our case, we can clear calculate the risk of betting $100 on each spin. Let’s compare the theoretical losses at different stakes:
For example, you play 400 spins in one hour with a $0.20 bet per spin
- $0.2 x 400 spins equal $80 per hour
- If the house edge is 3.5% (96.5% RTP), then we multiply the $80 x 0.035 and we get a $2.8 theoretical loss per hour.
For example, you play 400 spins in one hour with a $1 bet per spin
- $1 x 400 spins equal $400 per hour
- If the house edge is 3.5% (96.5% RTP), then we multiply the $400 x 0.035 and we get a $14 theoretical loss per hour.
For example, you play 400 spins in one hour with a $100 bet per spin
- $100 x 400 spins $40000 per hour
- If the house edge is the same 3.5% (96.5% RTP), then we got a $1400 theoretical loss per hour.
Volatility Could Really Hurt Your Bankroll
The RTP percentage is a nice indicator for a rough estimation of the potential win and how long your bankroll will last. However, it’s not going to be easy to estimate the potential outcome in the short term. Bear in mind, that online pokies are highly volatile in comparison to other casino games. So, slot machines differ in volatility. Some professional players consider these games unpredictable. A player could hit an extremely huge jackpot with a $1 bet, or receive a huge amount thanks to a $100 bet.
Therefore, it’s extremely important to take the volatility into account since you’ll go through plenty of dry spins and lose your bankroll quicker at $100 bet each spin. So, make sure to read the description section of the slot to find out volatility ratings and avoid risking so much money.
That said, you never truly know what’s going to happen with these unpredictable games. You could hit a huge prize and win an extreme amount of money thanks to a $100 bet.
The more likely scenario, though, is that you’ll go through plenty of dry spells and lose much quicker at $100 a pop. This being said, you’d really want to take the volatility into account when risking so much money. Many gambling platforms rate the volatility of slots on a scale from 1 to 10. So, it’ll help to identify the risk and get an idea of how to predict the slot’s outcome. As a result, betting with a $100 stake, you better play medium or medium-to-high volatility slots to increase the chances of keeping your bankroll growing.
FREQUENTLY ASKED QUESTIONS
First of all, choose the one that has been on the market for a while. If a platform has a license given by an official jurisdiction, numerous loyal customers and a pack of positive unbiased reviews, then you should feel safe playing pokies in such a casino.
Yes, every time. While no deposit free spins are entirely free, you must create a new casino account to use them. The good news is that all you have to do is fill out a brief registration form with personal information, including your name, email, address, gender, age, and so on. You should use your free spins after you’ve checked your account details.
It should be noted that if you say to use free spins and end up with cashable winnings, you might be subject to the casino’s know your customer (KYC) procedure. Usually, you will be asked to submit copies of your ID or other documentation to prove your identity.
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