Should you max bet on a slot machine? – This is one of the most common myths when it comes to playing slots. The myth comes from land-based casinos where the max bet limit is relatively small. You can find slots with a max bet limit of $1 or a few dollars at most.
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So these games can be easily played on max bet, with a relatively low balance. Since you are playing on the max bet it’s natural that the payouts in the slot are higher.
The reason many players think that the machines pay more on the max bet is simply psychological. For example. You are playing a slot machine on a $0.10 bet and you hit a $30 payout. This may not seem like much, but this is in fact a big win of 300 times the total stake.
Now if you play the same game on a $1 bet and you hit the same payout you will end up with $300 in plus.
Now, this is a great win since you won a substantial amount of money. But in fact, in terms of times stake payouts, this is the same. The only difference is in the bet size and the amount of money you won.
Should you max bet on a slot machine? – We wouldn’t recommend it!
On the other hand, you play a slot machine on a low bet, let’s say $0.10 bets with a $50 balance. This translates to a minimum of 500 spins, which will no doubt be a long gaming session.
But, if you deposit $250 and play on $5 bets you will play for a minimum of 50 spins and you have a big chance of going bust soon. So the max bet button should only be used if you have a big starting bankroll, so you can cover a lot of spins and have a good chance of hitting a bonus round.
With online casinos, the max bet theory for winning big simply can’t be executed. Most online slots have a very high max bet limit, ranging from $100 to $200, or even more.
So you have to ask yourself a question here. If you have enough money to bet that kind of money on slots, why are you gambling? If you want to gamble big with that kind of starting balance you have a much better chance of winning on table games.
Hit the tables and play Blackjack or Roulette. You will certainly play for a longer time and with some basic betting strategies you can end up in a big profit after a relatively short period of time.