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How Real Money Online Slots Work
For the most part, online slots work the same way as the majority of slot machines that you will find in casinos around the world. Unless otherwise noted, online slots typically use an RNG to generate results for each spin. This means that each spin is as close to truly random as possible. Unlike a deck of cards in an actual, physical casino, the exact time that you hit the spin button will play a role in determining what the result is. If a deck of playing cards is set, the cards will not change based on your decisions. With slots, though unpredictable, your actions do impact the result.
In terms of win frequency or games offered by betting limits, online casinos tend to offer lower limits than most B&M casinos. This is for a few reasons. First, online slots allow for a much faster pace of play. If the online games are 2x faster, you will effectively be risking the same amount if you play for 50c per spin online, as you would be risking $ 1 per spin in your local casino. The casinos know this, and lower limits help to encourage more play. While some online casinos offer high limit slot play, the majority do not offer many games over $ 20 or $ 30 per spin.
Licensed vs. Unlicensed Online Slots
Have you ever noticed how many slot machines in casinos closely resemble the Wheel of Fortune game? This isn't a coincidence. Game manufacturers saw that the WOF formula was a significant hit among players, and the bonus spin format has been repeated in many different ways. Online casinos, too, know what games players do and don't want to play. As a result, you will often find games that may look and even sound like your favorite slots, but may, in reality, be close imitations.
The lack of regulations for casinos that operate offshore allows them to operate in a total gray area where they are virtually immune to legal action of any sort. Online casinos that offer "rip off" versions of IGT or Aristocrat slots, for example, do so because they know that they won’t get in trouble. While it is your prerogative to decide whether or not to endorse these games, our recommendation is to check and make sure exactly what game you are playing, especially if you are depositing and risking real money.
Fairness of online slots
Perhaps the biggest downside to playing online slots, especially at unregulated websites, is that it can be challenging to prove the fairness of any games that are offered. While Bitcoin casinos can prove that they are provably fair, classic online slots are not as well-vetted. While many of these online casinos do have “licenses” from different gaming bodies, they are usually not from an organization that researches whether the games are genuinely fair. We advise that you tread lightly whenever you are playing online slots for real money.
In casinos, like those in Las Vegas, the gaming commission will perform audits on the machines on the floor. There are various thresholds, depending on the area and commission, that casinos need to abide by. For example, a Las Vegas casino may not be able to hold (have an advantage of) over 10% of the total risk by the player. The higher stakes, generally speaking, the less house edge that exists in casino slots. With online slots, however, fairness is mostly a guessing game. The best thing that you can do is to research the casino itself. If you are playing at a state-licensed casino like those in New Jersey, you have nothing to worry about. If you are playing at an unregulated online casino, however, you should complete a bit of independent research to ensure that they do not have a poor reputation.