This is an animated GIF picture of a slot machine. Under the picture you can read about techniques, strategies to make money reliably with slots progressive jackpots using mathematical calculations.
How to win at slots reliably, RTP 100%+ on progressive pooled jackpots

 

It is public knowledge that slot machines that have progressive jackpots are beatable. This means, that a progressive jackpot has the potential of exceeding a certain amount, after which the calculated average return (RTP) will be positive (100%+) for the player (in short: you will win more money, than the amount you need to spend to win the jackpot). As much as this is true (and this is true, you can easily calculate this, it’s the same mathematical calculation used in the lottery section here, calculations below), but deriving a working slot machine strategy from this insight is by no means easy. There are several barriers an advantage gambler aiming to exploit this possibility could face.

Let’s take a look at them.

 

Here we will discuss a viable theoretical strategy to beat slots with progressive jackpots. 

/By “beating” slots, I mean increasing the RTP to over 100%, which is only possible with extremely high progressive jackpots (pooled progressives preferred), this does not work with any other types of slots./

 

Summary:

 

 

Is it possible to win on slots, reliably, to walk away with more money?

 

The short answer is: Yes. The longer answer is: as with all advantage gambling methods, it’s a lot more complicated. There are several things you need to consider, to get a clear picture. But it is indeed possible.

 

 

If it’s true that a progressive jackpot can reach a break-even point, why do casinos let this happen?

 

The answer is quite simple. Progressive jackpots usually start very low, but the jackpot increases with each spin, each bet the players place. Therefore, by the time the jackpot passes the break-even point (point where RTP is over 100%), the point when winning the jackpot costs less than the amount you will win, is reached, the casino already made an unbelievably huge amount of money. Just like lottery, if the lottery jackpot is really high, the company is unlikely to make money on the the last draw (the revenue from selling lottery tickets during the last draw is much less than a really high lottery jackpot they need to pay out to the winner), but by the time the lottery jackpot reached a really high level, they sold millions of tickets, it’s the same situation.

In short: they still make a lot of money, and it’s worth it for them.

Additionally, really high pooled progressive jackpots (pooled means that the progressive jackpot is shared among many online casinos, these can get unbelievably high) cause a sort of “gold fever”, which is good for the casinos, people tend to play with other the games as well, not just the progressive slots. Also, the RTP is only above 100% if you play to win, and you don’t stop till you manage to win the progressive jackpot. If you quit before that, the casino still wins (and most people do, because it requires a lot of initial investment on your part, booth time and money, most people don’t have that sort of money, see below).

 

Online casinos with high progressive jackpots

The following online gambling websites have slots with really huge progressive jackpots, IMO those are the only slots worth playing. You can try out in these online casinos what you have learned here. Keep in mind, this slot strategy only makes sense if you play to win, and you only play with slots with progressive jackpots and nothing else, and you paly to win.

These are the online casinos I’m currently active in and recommend (most of them have poker and sports betting too):

 

Black Lotus Casino

This is Black Lotus Casino's 2020 animated GIF banner advertising their new slot and their free spins and casino match bonuses. You can read about these promotional offers below the animated banner. By clicking on the banner you will be taken to the casino's website where you can register and play.
Black Lotus Casino bonus offers
USA and Canada players are accepted.
  • Get 200% match bonus, up to $600. Use the code: WELCOME600
  • +$30 bonus. Use code: WINBLACK

Bonuses for existing players:
  • 32 Free Spins on Sweet Success Code: CHEER1
  • 32 Free Spins on Nordic Wild Code: CHEER2
  • 32 Free Spins on Cosmopolitan Code: CHEER3
  • 32 Free Spins on 7 Chakras Code: CHEER4
  • 32 Free Spins on Le Chocolatier Code: CHEER5
  • 32 Free Spins on Fairy Dust Forest Code: CHEER6
UPDATE, SPECIAL CHRISTMAS HOLIDAY BONUS: It's the Elf Hat Game of the season! Can you keep your eyes on the lucky hat? Choose the right one with the present and see what festive prize you will win! For returning players only.

Playthrough requirements and wagering limitations

All bonuses and promotions are subject to the following wagering limitations and playthrough requirements.
  • Playthrough requirement: 40-60x for match bonuses and usually 60x for free spins and other bonuses, depends on the bonus check the casino's web page for the specific, up to date, current playthrough requirements and wagering limitations

Wagering limitation:
  • 100% - Slots and Keno
  • 50% - Roulette and Three Card Poker
  • 25% - Baccarat
  • 10% - Video Poker
  • 5% - Blackjack, Craps
  • 0% - Everything else

 

BGO

BGO casino banner displaying the various bonuses and promotional offers offered by BGO casino. You can read these offers below.
Next gen, cross platform and mobile compatible casino with the best casino games, live dealers and bingo. Best bonuses currently.
US players can not register.
  • 500 free spins
  Terms and conditions of the casino apply (if any). Check the casino's webpage for up to date terms and conditions and wagering limitations.  

Playthrough requirements and wagering limitations

Only for UK players, new players only.
Playthrough requirement: 65x
Wagering limitation:
  • Slots: 100%
  • Roulette: 25%
  • All Blackjack Games: 25%
  • 3 Card Brag: 50%
  • Casino Hold'em: 25%
  • Baccarat: 0%
  • Everything else: 0%

 

Bet Online Casino and Sports Book

Bet Online bookmaker and gambling website's banner displaying the various bonuses and promotional offers offered currently.
Bet Online sports-book and casino, cross platform and mobile compatible, Bitcoin accepted.
  • Welcome bonus, 100% up to $1,000 on your first three deposits! Use the code BOLCASINO
  • 100% welcome match bonus up to 100% on your first deposit using Bitcoin, Bitcoin Cash, Ethereum, Litecoin or DASH. No code required.

Playthrough requirements and wagering limitations

The deposit bonus amount must be wagered 40 times before withdrawal.
Playthrough requirement: • Slot Games (progressive jackpot slots excluded) 100% • Roulette (All versions), Draw High-Lo, 3 Card Rummy 20% • Baccarat, Blackjack (American & European), Poker 3, Oasis Poker, Single Deck Blackjack, Triple Edge Poker, Caribbean Poker, Three Card Poker, Video Poker 10% • Pirate 21, Blackjack Super 7, Pai Gow, 21 Burn, Ride’m Poker, All forms of Keno, Red Dog, Pontoon, Top Card Trumps 5% • Craps, Live Casino, All Games with Progressive Jackpots, Virtual Racebook. Speciality games ie Keno’s and Scratcher game offered by Betsoft 0%
Wagering limitation:
  • Any action on Baccarat, Roulette and Craps will not count towards the wagering requirement.

 

Betsson Casino and Sports Book

European casino & sportsbook & poker
North American players are not accepted.
  • Welcome bonus, 100% up to €100
  • 101 free spins on your first deposit
  • €5,000 every week for one lucky active returning player (no wagering limitation, no playthrough requirement)

US players can not register. Betsson has over 1500 games, the most games of any casino. You can read the review of Betsson casino here.

Playthrough requirements and wagering limitations

The deposit bonus amount must be wagered 35 times before withdrawal. No wagering requirement for the weekly extra money.
Playthrough requirement: No playthrough requirement for the extra weekly money. In case of the welcome bonus: • 100%: Slots • 10%: All Roulette (except Live), Caribbean Stud & Casino Stud Poker Games • 10%: All Casino Hold’Em, Red Dog, Pai Gow, Poker Games, Oasis Poker & Texas Hold’Em Poker Games • 5%: All BlackJack (except Live BlackJack), Baccarat, Video Poker, Pontoon, Beat Me, Punto Banco Games
Wagering limitation:
  • The bonus cannot be wagered on the following games: 1429 Uncharted Seas, Aliens, Big Bang, Blood Suckers, Castle builder, Castle Builder 2, Champion of the Track, Dead or Alive, Devil´s Delight, Eggomatic, Epic Gems, Eye of the Kraken, Kings of Chicago, Pearls of India, Robin Hood, Scrooge, Sea Hunter, Super Monopoly Money, The Wish Master, Tower Quest, Wild Gambler, Wizard Shop, Zombies.
  • Player from certain countries are not allowed use bonuses due to regular bonus abuse, check the casino's website for the ever changing up to date list.

 

 

The house edge, RTP on slot machines, and the probability of winning a progressive slot jackpot

 

The house edge, or if you prefer RTP (measures the same thing) on slot machines:

 

Slot machines usually have an info about RTP either on the casino’s website, or the developer’s website or on a gambling blog online (I also have RTP values for about 200 slots in the free slots section), but those values are not taking into account progressive jackpots, they were all calculated with a fixed  jackpot. This makes it a lot harder to consistently win, make money with slots. Progressive jackpots change all the time, therefore you either do the calculations and calculate the RTP for yourself or you look up what sort of jackpot it was originally calculated with, what’s the original fixed jackpot of that slot, and make an educated guess based on that. 

Example: 

Slot A has 97% RTP (which is 3% house edge, if you prefer house edge over RTP, I calculate with RTP). And the slot’s original, non-progressive jackpot is €1 million (, which was used in the original RTP calculation). If the current progressive jackpot is €2 million, then the RTP is probably 98% – 98.5% (if nothing else changed) and the break even point is probably €4-5 million, if the jackpot is above that, the RTP is 100+% , and you are good to go, this slot is beatable.

Pretty simple right? But! Don’t forget! This only gives you a “guesstimate”, you have to actually calculate the RTP with the current value of the progressive jackpot to be certain.

 

There are only two ways to calculate the RTP of a slot machine. One is obtaining data on casino earnings and player spending on that particular slot machine (and unless you own, or work in the management of an online casino, has access to casino management apps, or you are a developer of digital slots, it’s unlikely you will have access to that data), and the second is testing, observing, and tracking the results of the digital slot yourself. There is no, ‘one size fits all’ formula for calculating the RTP,  each slot is different (although, there only a handful of templates, most just have different graphics, but 90% of slots are based on these templates, making the calculations not entirely different for each slot). You have to calculate the RTP for each different slot, with the actual value of the progressive jackpot at that time, to get an exact RTP value. 

Here is a video on how to calculate the RTP of online slots (this is the method I use too, I have already calculated the value of about 200 slots, you can find them in the slots section):

 

The problem with calculating house edge yourself by tracking your results and estimating returns, is that you have to play for hours, and that would cost you a lot of money. But, luckily, the online casinos on this page all have practice modes (registration sadly needed) where you can test the slots without spending any money (and no, the RTP values in practice mode are the same as in real money mode, I have tested these online casinos myself, I’m actively using them for 5+ years, they are not cheating). Alternatively, you can check out my free-to-play casino games section, with about 250 games, no registration required, perfect for calculating RTP without having to spend any money or having to register.

As progressive jackpots are often only available for players who play with the highest bets, make sure to place the highest possible bets too, during calculation, to get the best estimate for the RTP.

 

 

Slots calculator – odds of hitting the jackpot

A player hits the jackpot when the jackpot sign is rolled on all reels of the machine. Physicist John Robison estimated, that for a player to hit the Megabucks jackpot, one of the highest progressive jackpots at that time, the chances were 1 in 49,836,032.

Smaller jackpots are easier to hit. The method to calculate the chance of hitting the jackpot on a slot machine is as follows:

 

jackpot odds = 1 in y^z, where

y is the number of figures on a reel (digital or analogue)

z is the number of reels

 

Example calculation: You’re chances for hitting the jackpot on a slot machine with 3 reels, 1 jackpot symbol/reel and 64 figures on each reel would be: 1 in 64^3 = 1 in 262,144, that is 0,00038146972656%.

 

 

How to win on slots – a feasible slot machine strategy, mathematically proven way to make money playing slots

 

It’s pretty easy, if you have read everything above. Her is what you need.

 

Use these slot strategy to make money playing progressive slots:

  • 1., Find online casinos which have progressive slots (the ones on the webpage should have them).
  • 2., Find the progressive slots and ONLY spend money on them.
  • 3., Look up their RTP value, and look up the values of the fixed jackpots the non-progressive versions of the slots have, the ones that were used in the calculations of their respective RTP values
  • 4., Make an estimate based on the RTP values of the slots, the fixed jackpots, and the current values of the progressive jackpots. Or, calculate the exact RTP value using the video tutorial and information above.
  • 5., And the final step. Calculate the amount you need to definitely hit the jackpot. Here is how you do it:

 

Using the original example above, slot A has 97% RTP, the fixed jackpot of the non-progressive version of the slot has a €1 million jackpot, the current value of the progressive jackpot is €10 million. The current RTP based on the estimate is 117%.

97% RTP  – €1 million jackpot => you need to spend  € 1.03 to definitely win the jackpot.

117% RTP  – €10 million jackpot = > you would need to spend €8.3 to definitely win the jackpot, which is less than the jackpot.

 

It is calculated the following way: jackpot x ( 1 + [100%-RTP] ) = the amount you need to spend to hit the jackpot with a 100% probability.

 

For the fixed jackpot: €1 million x 1.03 = €1.03 million (make sure to convert % into actual decimal numbers).

For the progressive jackpot:  €10 million x 1.03 = €1.03 million (make sure to convert % into actual decimal numbers).

 

Therefore, in this case, it’s guaranteed, mathematically proven, that if you would spend €8.3 million on the progressive slot used in the example, you would walk away with €10 million, resulting in a hefty profit of €2.7 million (jackpot €10 m. – €8.3 m., money you need to win = €2.7 profit) Keep in mind, that this is the worst case scenario, by speeding €8.3 m. you are guaranteed to win, 100% chance to win the jackpot, but probably it will happen much sooner, in fact it has exactly 99% chance of happening sooner than that.

Of course, who has €8.3 million to spend on slots! I don’t, otherwise I would be doing it already. Not to mention, it would take about a week to spin that many times (even with the autospin feature). However, the mathematical calculation checks out. And even if you do not have the necessary amount of money, you can still maximize your chances at winning if you only play with the progressive slots, no matter how little money you can afford to play with. So make sure to only spend money on progressive slots, if you plan on playing slots.

 

Good luck.

 

Online casinos with high progressive jackpots

The following online gambling websites have slots with really huge progressive jackpots, IMO those are the only slots worth playing. You can try out in these online casinos what you have learned here. Keep in mind, this slot strategy only makes sense if you play to win, and you only play with slots with progressive jackpots and nothing else, and you paly to win.

These are the online casinos I’m currently active in and recommend (most of them have poker and sports betting too):

 

Black Lotus Casino

This is Black Lotus Casino's 2020 animated GIF banner advertising their new slot and their free spins and casino match bonuses. You can read about these promotional offers below the animated banner. By clicking on the banner you will be taken to the casino's website where you can register and play.
Black Lotus Casino bonus offers
USA and Canada players are accepted.
  • Get 200% match bonus, up to $600. Use the code: WELCOME600
  • +$30 bonus. Use code: WINBLACK

Bonuses for existing players:
  • 32 Free Spins on Sweet Success Code: CHEER1
  • 32 Free Spins on Nordic Wild Code: CHEER2
  • 32 Free Spins on Cosmopolitan Code: CHEER3
  • 32 Free Spins on 7 Chakras Code: CHEER4
  • 32 Free Spins on Le Chocolatier Code: CHEER5
  • 32 Free Spins on Fairy Dust Forest Code: CHEER6
UPDATE, SPECIAL CHRISTMAS HOLIDAY BONUS: It's the Elf Hat Game of the season! Can you keep your eyes on the lucky hat? Choose the right one with the present and see what festive prize you will win! For returning players only.

Playthrough requirements and wagering limitations

All bonuses and promotions are subject to the following wagering limitations and playthrough requirements.
  • Playthrough requirement: 40-60x for match bonuses and usually 60x for free spins and other bonuses, depends on the bonus check the casino's web page for the specific, up to date, current playthrough requirements and wagering limitations

Wagering limitation:
  • 100% - Slots and Keno
  • 50% - Roulette and Three Card Poker
  • 25% - Baccarat
  • 10% - Video Poker
  • 5% - Blackjack, Craps
  • 0% - Everything else

 

BGO

BGO casino banner displaying the various bonuses and promotional offers offered by BGO casino. You can read these offers below.
Next gen, cross platform and mobile compatible casino with the best casino games, live dealers and bingo. Best bonuses currently.
US players can not register.
  • 500 free spins
  Terms and conditions of the casino apply (if any). Check the casino's webpage for up to date terms and conditions and wagering limitations.  

Playthrough requirements and wagering limitations

Only for UK players, new players only.
Playthrough requirement: 65x
Wagering limitation:
  • Slots: 100%
  • Roulette: 25%
  • All Blackjack Games: 25%
  • 3 Card Brag: 50%
  • Casino Hold'em: 25%
  • Baccarat: 0%
  • Everything else: 0%

 

Bet Online Casino and Sports Book

Bet Online bookmaker and gambling website's banner displaying the various bonuses and promotional offers offered currently.
Bet Online sports-book and casino, cross platform and mobile compatible, Bitcoin accepted.
  • Welcome bonus, 100% up to $1,000 on your first three deposits! Use the code BOLCASINO
  • 100% welcome match bonus up to 100% on your first deposit using Bitcoin, Bitcoin Cash, Ethereum, Litecoin or DASH. No code required.

Playthrough requirements and wagering limitations

The deposit bonus amount must be wagered 40 times before withdrawal.
Playthrough requirement: • Slot Games (progressive jackpot slots excluded) 100% • Roulette (All versions), Draw High-Lo, 3 Card Rummy 20% • Baccarat, Blackjack (American & European), Poker 3, Oasis Poker, Single Deck Blackjack, Triple Edge Poker, Caribbean Poker, Three Card Poker, Video Poker 10% • Pirate 21, Blackjack Super 7, Pai Gow, 21 Burn, Ride’m Poker, All forms of Keno, Red Dog, Pontoon, Top Card Trumps 5% • Craps, Live Casino, All Games with Progressive Jackpots, Virtual Racebook. Speciality games ie Keno’s and Scratcher game offered by Betsoft 0%
Wagering limitation:
  • Any action on Baccarat, Roulette and Craps will not count towards the wagering requirement.

 

Betsson Casino and Sports Book

European casino & sportsbook & poker
North American players are not accepted.
  • Welcome bonus, 100% up to €100
  • 101 free spins on your first deposit
  • €5,000 every week for one lucky active returning player (no wagering limitation, no playthrough requirement)

US players can not register. Betsson has over 1500 games, the most games of any casino. You can read the review of Betsson casino here.

Playthrough requirements and wagering limitations

The deposit bonus amount must be wagered 35 times before withdrawal. No wagering requirement for the weekly extra money.
Playthrough requirement: No playthrough requirement for the extra weekly money. In case of the welcome bonus: • 100%: Slots • 10%: All Roulette (except Live), Caribbean Stud & Casino Stud Poker Games • 10%: All Casino Hold’Em, Red Dog, Pai Gow, Poker Games, Oasis Poker & Texas Hold’Em Poker Games • 5%: All BlackJack (except Live BlackJack), Baccarat, Video Poker, Pontoon, Beat Me, Punto Banco Games
Wagering limitation:
  • The bonus cannot be wagered on the following games: 1429 Uncharted Seas, Aliens, Big Bang, Blood Suckers, Castle builder, Castle Builder 2, Champion of the Track, Dead or Alive, Devil´s Delight, Eggomatic, Epic Gems, Eye of the Kraken, Kings of Chicago, Pearls of India, Robin Hood, Scrooge, Sea Hunter, Super Monopoly Money, The Wish Master, Tower Quest, Wild Gambler, Wizard Shop, Zombies.
  • Player from certain countries are not allowed use bonuses due to regular bonus abuse, check the casino's website for the ever changing up to date list.

 

Progressive slots video tutorial

If you are more of a visual learner, you can listen to this video tutorial about progressive slots. It tells basically the same thing that is one the webpage, except there are no calculations (but you can find those on this page).

 


/If you’re not interested in how to win at slots, check out my guide on how to make money like a professional gambler for other advantage gambling methods./

/And check out these general tips and trick on how to reliably maximize your chances at wining in online casinos./

 

Last updated: 2021-01-03

Gamble responsibly! Good luck,

SimonTheSorcerer

Summary
Simon's Guide to How To Win At Slots, Make Money Playing Slots Online
Article Name
Simon's Guide to How To Win At Slots, Make Money Playing Slots Online
Description
A guide to help you calculate the necessary RTP, budget, the minimum required slot progressive jackpot value, and the amount you can expect to win, in order to reliably, consistently win money with slots online and in land-based casinos. Mathematically proven method, calculations included. Guaranteed to work.
Author
Simon András Péter (SimonTheSorcerer)
Simon's Online Marketing Kft.
Tagged

4 Responses

  1. Great article! I love reading your blogs! Will you have the target point calculator up soon?

    1. SimonTheSorcerer says:

      Thanks. Hopefully.

  2. Hi, Just one thing, apart from calculating how much you can win, expected to win at slot, this is also good for minimizing how much you are going to lose, and calculating how unlikely you are to win the jackpot 😀 … Sorry, couldn’t resist. Good advice though, always avoided those progressive slots, they are really expensive, but from now on, I will only use them. Wish me luck.

    1. SimonTheSorcerer says:

      Good luck. Yes, it helps people to lose as little as possible, and the odds of hitting the jackpot is usually abysmally low, yes. But if you follow the rules, do the calculations, use the strategy, it should work. I’m glad you only play progressives from now on, that’s the only kind of slot you should by playing, the others have usually 96% RTP, which is very low.

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