The first step to winning in online casinos is to identify the correct type of slot machine. Not all players are the same and not all slot machines are the same. Beginners do not always understand the differences between the different slot machines and they also do not know the correct bets to maximize their winnings.
In general the largest payout is only paid when the maximum number of coins has been bet. What this means is that if a slot machine accepts different coin denominations, it is always better to play the maximum number of small coins instead of a lesser number of larger coins. In a machine that accepts up to five coins you are better off playing five nickels than a single quarter. This is especially true in the case of progressive machines. Progressive slot machines pay out at a lower rate for all hits accept the jackpot. The jackpot is only paid if the maximum coins are played. Next you need to know the different types of machines.
If you were only going to play with one coin or you wanted the same payout percentage no matter how many coins you played then you would want to play a multiplier slot machine. Multiplier machines pay out a certain amount of coins for certain symbols. This amount is then multiplied by the number of coins bet. So, if three cherries pay 10 coins for a one coin bet, it will pay 50 coins for a 5 coin bet. This type of machine does not penalize the player for not playing the maximum number of coins allowed. There are no big jackpots in this type of machine. If you are looking to get the most playing time out of your money then this is the machine for you.
The bonus multiplier is very similar to the multiplier machine except when it comes to the largest payout. On the bonus multiplier machine when the jackpot is hit with the maximum number of coins played it pays a jackpot. So, the machine may pay out 1000 coins when the top symbols come out for one coin, 2000 for two coins and 10,000 for three coins when three coins is the maximum.
Another type of slot machine is the multiple pay line machines. Most slot machines only pay out when the symbols are on the center line. Multiple pay line machines pay out on many different lines. These machines are very popular as nickel and penny machines. The most popular configurations include nine pay lines, but there are machines with as many as 96 pay lines. You can play more than one line on these machines. The more coins you add the more lines that will be activated up to the machine maximum number of lines.
The highest paying slot machine is the progressive. Progressive slot machines take a small percentage of each play and put it into a pool or jackpot. The lucky player who plays the maximum coins and hits the jackpot wins the whole pool. Progressive pools typically can get to be over $1 million. Many times several casinos will group machines together in order to increase the jackpot.