In the world of online gambling, slots are the king, and what about high limit slots? Video slots have been around for quite a long time, and they absolutely dominate online casinos. Millions of people can’t get enough of video slots on offer.
There are classics with 3 or 5 reels as well as modern 3D slots that offer quite the payout. And, that’s without even mentioning the hundreds branded slots based on hit TV series or movies – they have a loyal fan base of millions!
The thing about videoslots is that they don’t require any special skill or strategy to be played. You just insert a coin like in the good ol’ days, pull the lever until the reels spin, and wait for the outcome. You will either win or lose money. However, as you already have the chance to win, wouldn’t it be better to take a gamble on a big payout?
The majority of slots in an online casino have their paying ‘bars’ set rather low. However, there are also slots with pretty high limits that will appeal to high rollers the most. These slots require playing with a substantial amount of money, but they also offer prizes you’ve never heard of.
What are High Limit Slots?
As the name obviously suggests, these slots have a pretty large bet size and great payouts as well. Now, that may sound good to most people, but besides the obvious advantages, they also have many disadvantages. High limit slots create a more enjoying experience and excitement, while also paying out immeasurable payout, but they can also gobble up your bankroll in one sit-down.
Are these slots popular?
You can bet they are. Thanks to the amazing prize they offer, high limit slots are just as popular as regular slots. Major game designers have developed a number of high limit slots which pay out hundreds of thousands if not millions of dollars. Every player wants to take advantage of high limit slots, even if it means spending their whole bankroll. No one’s guaranteeing a prize, of course, but if you’re very lucky, it will be a prize worth spending for.
In general, high limit slots are the same as any video slot. They have the same themes and layouts, although with different bet sizes, paylines, and payouts. While low limit slots are rather limited when it comes to the bet size, high limit slots allow you to wager hundreds or thousands per spin, potentially earning you amazing wins. It goes without saying that the higher the limit of a progressive slot, the higher the wager required to hit the prize.
What are Progressive Slots?
Progressive jackpots, simply known as progressives, are slots that have a ‘shared’ progressive jackpot which rises until a player claims it whole. As you can guess, the prize can get pretty high after a while. The more players play it, the higher the jackpot will grow. Progressives such as Mega Moolah and Mega Fortune have already made several people millionaires, but what no one is telling you is that these people have probably wagered hundreds or thousands before hitting the jackpot.
The good thing is that the slot rewards your spending with a potentially life-changing prize. The bad news is that unless you’re a high roller, you probably won’t choose to bet a substantial amount of your bankroll (or the whole thing) just in order to win a major prize that’s not guaranteed.
In general, every slot that allows bets of over $100 is considered a high limit slot. But there are slots that allow bets of thousands, and those are the ones that can make you a millionaire.
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What are the pros and cons of High Limit Slots?
Aside from the obvious fact that you can win millions with high limit slots, they are also more exciting to play. Every player dreams of hitting the jackpot once in their life, but you won’t be able to do it without spending some money previously.
Another reason why players are tempted to play high limit slots is the fact that the casino has a slightly lower advantage over the player in these casino games. However, don’t make the mistake of thinking that you will instantly win because of this. Casinos won’t just give you millions just because you’ve placed a few high wagers. You still need a lot of luck, but hey, at least you get the chance.
Some players are excited by the prospect of becoming a VIP in the online casino they’re playing. You know how VIP programs work – the more you spend, the bigger the prize. High limit slots are perfect if you’re planning on becoming a VIP, and they offer a potentially life-changing prize as well, so it’s a win-win. Even if you lose it all, you still get a chance to become a VIP.
Now for the bad stuff. Although they can hand out amazing jackpots, high limit slots can burn through your bankroll in only one round. Depending on how much money you’re playing per spin, you can lose it all or a big chunk of your bankroll in just a few rounds. Additionally, if you get too excited by high limit slots, you may potentially acquire the mentality of a high roller which can be dangerous. Keep in mind that casinos always try to keep you playing for as long as possible. They are out there to take your money, and forgetting this can cost you a lot.
What are the best High Limit Online Slots?
Online gambling sites have a secret not many people know – even though the limits of most slots are generally lower than what you’d find in land-based casinos, the customer service can up the bet size for certain customers. If you ask them to do so, you’ll be able to play a variety of slots for higher limits. Of course, not all online casinos can fulfil the wishes of high rollers, but you’re not losing anything by simply asking them.
When it comes to online high limit slots, many of the best studios in the industry produce them. Microgaming, Novomatic, IGT, and NetEnt have all created slots that are perfect for high rollers. Slots such as Break Da Bank Again and Cashapillar have bet sizes that range from just under a buck to hundreds of dollars per spin, which should please most high rollers.
How to stay in the game for longer?
According to statistics, slot players make about 600 bets per hour. If we take into account the max house edge on slots in Nevada, which is 25%, you can determine the denomination (bet size) and the potential payout yourself. Let’s input everything in a formula – 600 bets per hour x $25 per spin X 25% house edge = you’re losing $3,750 per hour. That’s a lot of money to burn through, but this goes for slots with a RTP of 75%. If you’re playing an online slot with a RTP of 95%, that amount will be significantly lower (somewhere around $750 per hour), which is better.
Of course, if you’re not a high roller, you can play low limit slots with the same formula and lose less money – it’s what we recommend for beginners. You won’t get the chance to win millions, but you won’t spend much money as well. If you want a more challenging experience, stay right in the middle. Bet a bit higher than the minimum to keep things interesting, but under the maximum so you don’t lose everything.
The next step after determining your ideal bankroll is to determine how many hours you’re going to play in the casino. You’re going to want to stay in the game for longer, so decide on the hours and divide your bankroll – that’s the bet size you’re allowed to play. Now, find the ideal slot and start spinning.
How high can the bet sizes go?
We already said that slots with bet sizes of over $100 per spin qualify as high limit slots. However, you can also find online slots which allow bet sizes of over several hundred dollars per spin or even thousands.
Although Vegas casinos certainly have their own charm, online casinos offer more diversity of high limit slots. Here you’ll find slots that offer staggering jackpots that may make you an instant millionaire. Of course, their betting limits are pretty high, so unless you want to spend a lot of money, steer clear of them.
If you’re tempted to try your luck, read the terms and conditions of the high limit slot you’re planning on spinning. If everything suits you, fire away. Online high limit slots generally pay better than land-based high limit slots simply because online casinos are cheaper to run. Land-based casinos need a lot of staff, something which online casinos don’t need. Due to this, the online high limit slots are more suitable for high rollers and those that want to try their luck. Who knows – maybe you’ll be the lucky guy or girl to hit the progressive jackpot and earn a sum beyond your wildest dreams.
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