Gambling is fun, there’s no doubt about it. People gamble to relieve stress, get the adrenaline flowing or to enjoy time with their friends. The main reason that we all gamble though is to win money – no-one would gamble if there was no chance of winning money!
If, like millions of people in the UK, you are a fan of online slots then you owe it to yourself to find the most profitable slot game that you can play. You will most likely have heard of Return to Player (RTP) but there are many other factors to consider when searching for a profitable online slot.
RTP – The best barometer
As mentioned in the introduction, RTP is one of the most commonly used ways to evaluate the profitability of online slot machines. It is a term that was coined by casinos to describe the percentage of wins that a player could expect to achieve on a certain slot machine.
RTP is similar to the ‘house edge’ in that it highlights the odds that stand against you and success. Unlike house edge, RTP is more commonly available and you will usually find RTP percentages physically stamped somewhere on a slot machine.
With online slots the RTP percentage will be included within the product description of the game that you are playing. If you find an online slot with a 92% RTP you could reasonably expect to place 100 bets of £1 and see a return of £92.
RTP percentages vary depending on the wager, the lower the wager the lower the RTP and vice versa. If you are wagering £1 the average RTP that you should be demanding is 95%.
Progressive Jackpots – The lottery effect
As we know, RTP is one way of measuring the profitability of an online slot, but it doesn’t take into account progressive jackpots. Slots with progressive jackpots provide players with the opportunity to grab a massive financial windfall.
Every player playing a slot with a progressive jackpot will be in with the chance of being randomly picked out as a winner. Every time a winner is named the jackpot restarts from zero and steadily rises again.
Progressive jackpots are very similar to the old-school national link in bingo halls, but with slots the jackpot is only awarded to 1 player rather than being split. The largest progressive jackpot ever received was £11.8 million and it was paid out on the Mega Moolah slot.
Hit frequency – The more complex barometer
Whereas RTP offers players a clear indicator of the amount of money they will get back from playing, hit frequency details how often a player will hit a winning combination. If a machine had a 50% hit frequency that would mean that you would hit a winning combination once in every 2 spins.
Such a high hit frequency is incredibly rare, with the highest hit frequency usually being around 45% for video poker. However it is hard to predict too much from hit frequency rates. The 45% hit frequency in video poker may seem high, but it’s worth nothing that these hits usually only return to the player their original stake or a fraction of it.
The hit frequency of most online slots is usually around 8-10%, which may seem low in comparison to video poker but the winnings are normally much higher. The higher the winnings are, the lower the hit frequency will be.
Bonus slots – The free hit
One added extra for slots players can be bonuses in the form of free spins. Games offering these bonuses tend to be the most popular amongst players and they do what they say they on the tin – they give players free spins.
Slots producers use these as an added extra to keep players interested in their games. Certain combinations will trigger free spin bonuses which allow the player to play on for a certain amount of spins risk-free.
There are no statistics available for the winning chances of free spins but they are a helpful way to prolong your enjoyment on a slot.
Where to find your perfect slot
There are no shortage of websites offering vast numbers of online slots and whilst that’s good, it does make it tricky to find the right site for you. If you’re looking for the perfect range of slots then Rose Slots website is the best place to start.
They are a licensed UK gaming site with – as the name suggests – incredible expertise in online slots. There are over 500 different slots to try out on the site including ones with big bonuses, ones with progressive jackpots and others with encouraging hit frequencies.
Bonanza Slot is currently the most played in the UK and it can be found on the Rose Slots website. It is also one of the most profitable slots currently available on the market with a 96% RTP and no shortage of bonuses including multipliers and free spins.
Also worth a try is Chilli Heat, just like Bonanza Slot it provides players with the chance to claim free spins at the same time as boasting an impressive 96.5% RTP. If you’re new to Rose Slots you can claim 500 free spins when you register and make a deposit of £10.
Finding a profitable slot machine relies on a number of factors including RTP, hit frequency and bonuses. Finding a slot that offers the best of these three factors is often difficult, with games like Bonanza Slots and Chilli Heat being something of a rarity.
Don’t forget to boost your chances of making a profit by taking advantage of sign-up bonuses and existing customer incentives too.