Here are some great ways to increase your chances at winning at the slot machines in a casino, or just about anywhere that you encounter a slot machine! Luck plays a huge role in successfully winning at slot machines, but there are some slot machine strategies that can maximize your chances to win. The probability of winning a significant amount of money on slot machines is slim to none. Casinos do not ordinarily disclose the odds of winning at their slot machines, so the slot players cannot be informed of their chances of winning. Believe me… the chances of winning big money on the slots are very low. However, most people do love to play the slots, and you can still increase your chances of winning some money with a few tips as follows.
The Wild Life is a 5-reel slot with 20 paylines made available. The soundtrack is very reminiscent of wildlife and the slots spin fluidly. When you win, you are going to see the winning symbols accented with light and a line drawn through them on screen. There will be a display under the reel showing your total wins for that spin. Unlike normal slot machines, where payouts are made for matching symbols across paylines, in this slot, you win if you have a poker hand on one of the five paylines. The game includes a joker, which substitutes for all cards. Plus, the scatter label can randomly appear on any card. Get 3 or more and free deals, the equivalent of free spins are. At Emma’s, we are committed to delivering quality entertainment to busy adults interested in comfortable and inviting atmosphere, quality choices in food and drink selection, as well as Illinois’ most exciting slot and video poker machines.
Some video slot machines have a fixed maximum payout while other machines have progressive jackpots, which means they have a meter which increases the jackpot with every play where there is no return. The more people play these slot machines… the higher the jackpot becomes.
Progressive slots might seem to be the most attractive, due to the supposed high return, however the huge disadvantage of the progressive slots is that in most online casinos they are all linked together. Because of the number of people all playing for that huge jackpot amount, your odds of winning on a progressive slot machine are much lower. That lower probability of winning not only applies to the jackpot amounts, but also for the overall odds of winning smaller amounts. So it is more profitable to stick to the machines with a fixed maximum payout and limit your play on the progressive ones with the huge jackpots.
To have the very best chances of winning, at least in the short term, you should choose the slots that offer the smallest jackpots. These smaller jackpots are easier to win, which will increase your chances of walking away a winner. The bigger the jackpot, the harder it is to actually hit, and it is more likely that you might lose. It takes a lot of playing hours to create the huge jackpots which is why your chances of winning them are much lower. Games that are novelty themed with enormous jackpots have the worst odds of all, so you really should stick to the machines with the smaller prizes.
This is an amazing book, which everyone should have, if they play slot machines regularly!
You won’t find it in a library or bookstore, but you can click on the photo and find a site where they sell it at a bargain price! Some online retailers charged $29.95 or $19.95 for the very same booklet!
If your favorite casino offers some sort of slots-specific promotions, or even a Player’s Club, where you get an ID Card and can insert it into a machine before beginning to play, it is definitely worth your time to take full advantage of these promotions. You might earn some points which can get you free food or merchandise, there might also be daily or nightly drawings where you can win prizes. Even a few free spins on a slot machine can possibly have the potential to earn you some massive prizes, and there’s really no cost to you to take advantage of these free offers from the casino.
Players dream of hitting a big jackpot when they play the slots. When that day comes for you, you'll have questions about the taxes you must pay on the winnings.
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Hand Pay Jackpots
When you hit the winning combination of symbols for a large jackpot, your slot machine locks up. Depending on the machine, the lights on top of the machine may come on and start flashing, music may play or bells ring. A slot attendant arrives promptly to see what you have won.
On jackpots smaller than $5,000, an attendant verifies that you hit the jackpot and then assists you in claiming your money at the cashier's cage. In the case of a large or progressive jackpot, the casino may have technicians come and check the machine to certify that it was functioning properly when the jackpot hit. If you hit one of the wide-area progressive machines such as MegaBucks, the slot company that operates the game comes out and verifies that machine before giving you a check.
When you hit a jackpot, you have the option of taking your winnings in cash or check. Usually, large amounts are paid by check. In the case of the MegaBucks or similar multi-million dollar jackpots, you receive a check for the partial amount, and then you have 90 days to decide if you want to be paid a lump sum or an annual annuity on the balance. If you select the lump sum option, you receive only a percentage of your actual winnings. For example, the full winnings of one multi-million slot jackpot is paid in 25 annual installments, or you can take a lump sum of 60 percent of the winnings.
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IRS Withholding
All casino winnings are subject to federal taxes. However, the IRS only requires the casinos to report wins over $1,200 on slots and video poker machines or other games such as keno, lottery or horse racing. When you have a win equal to or greater than $1200, you are issued a W-2G form. This form lists your name, address and Social Security number. The casinos are not required to take out withholding tax on jackpots under $5,000 as long you supply your Social Security number. If you don’t provide your Social Security number, the casinos withhold 28 percent on small jackpots.
You can request a specific amount of withholding tax to be taken out of any jackpot you win. Some players like to do this to avoid a big tax payment in April when they file their income tax returns. The additional withholding may not be necessary if you keep a log book. The law allows you to deduct gambling losses up to the amount of your winnings. You can only do this if you have documentation of your losses. Keeping a diary or log book is the way to do this.
Proper Identification
Casinos can refuse to pay you until you produce proper identification—a photo ID such as a driver’s license, military ID or passport.
If you don’t produce an ID, you are photographed and the casino holds your winnings until you come back with proper ID. For this reason, you should always carry a valid form of identification with you when you visit the casino.
When the casino checks your identification, it also checks your age to make sure you are legally old enough to play. The minimum age for gambling varies from state to state, but under-age gamblers are not be paid if they hit a jackpot. This is the law in all jurisdictions, and it has been upheld in court.
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Plan Ahead
Illinois Video Gaming Slot Machines
Before you start playing your favorite slot machine you should have a plan for the day you hit a jackpot. Players become excited when they hit the big one, and this may affect the decisions you make about your winnings. It is helpful if you know ahead of time how much withholding you want taken out or whether you want a check for all or some of the amount.