How to Win a JACKPOT on Casino Slot Machines
Want to Win a Jackpot on the Slot Machines? Here are the ins and outs.
by Paul Ace Diamond "Huggy" Blow
A $2000 jackpot on a Megawinner slot machine.
If you want to win jackpots on casino slot machines, it can be done. If you have been in the casinos you have probably seen people win jackpots of a couple thousand dollars or more on the slots, and you think, "Why can't I do that?" Well, you can... and here I will discuss the ins and outs of winning jackpots on casino slot machines.
Technically, a "jackpot" is a win of $1200 or more on a single slot machine spin or bonus round. On most slot machines you will have to be betting max credits, or close to max credits, in order to win the jackpot awards. Max credits on most slot machines are between $3-$5 a spin. I personally have won three $2000 jackpots (at $5 a spin) and a handful of $1200 jackpots (at $3 a spin) on my favorite slot machine, Megawinner, since September 2013. Hitting the jackpot is a very, very exciting feeling, I can attest to that.
In order to win these jackpot awards on casino slot machines you will need three things:
1) Deep pockets (a bankroll of at least a few hundred dollars you can afford to lose)
2) Balls of steel (the courage to continue even when behind a few hundred dollars)
3) The LUCK to hit a jackpot before your bankroll has been wiped out
Hitting jackpots on casino slot machines will NOT happen each time you go to the casino, they happen very infrequently. You do NOT want to go chasing after jackpots -- betting max credits -- on slot machines that are not paying out or giving you frequent bonus rounds. That is a sure way to lose your money in a hurry. The BEST way to occasionally win a slot machine jackpot is to wait until you are on a slot machine that is HOT and paying out before you start betting the max credits. When I play slot machines I routinely move from game to game looking for a "hot" machine that is paying out... when you find such a machine THAT is the time to start betting big. There is no guarantee that you will find a "hot" slot machine every time you go to the casino, but to increase the chances you should go to the casinos on off nights or after 2:00 AM on weekends when they are less crowded and you have more open games to choose from. Also, if your "hot" game starts cooling down, decrease the size of your bets until you are sure the game is not "hot" anymore, then move to another game. There are many theories about "hot" games among the so-called experts, but experience tells me that slot machines do indeed run in cycles of sort. For more on how to find a HOT slot machine read this article: How to find the HOT slot machines in casinos
There are also some video slot machines -- particularly Aristocrat's "Reel Power" games -- where you can win jackpot amounts WITHOUT having to bet maximum credits. I personally won a $1500 jackpot on Aristocrat's Buffalo slot machine game with just an 80 cent bet. For more on these types of games, read this article: Slot Machines: 1024 Ways to Win games
$$$ Go to the Paul Diamond Blow Casino VIP Lounge homepage for more casino tips and advice articles $$$
Paying taxes on slot machine jackpots
When you win a $1200 or up jackpot award on a casino slot machine the machine will usually display a "JACKPOT call attendent" message on the screen. You cannot simply cash out your ticket and leave the casino, you will be required to fill out some tax forms before you are paid. These jackpot awards are reported to the IRS and you will be required to pay taxes on them, unfortunately. You will be given the option to either have the casino take out 25% of your jackpot award to hold for taxes, or you can take the full amount and pay the taxes at the end of the year. Personally, I like to pay at the end of the year. When winning a jackpot you will also be required to show your ID, which the casino records for tax purposes. Without proper ID you will not be able to collect your jackpot money.
If you get a couple jackpots under your belt you may start feeling like you can do it every time you hit the casinos. This happened to me once when I won two $2000 jackpots on consecutive casino visits. Do not make the mistake of chasing after jackpots when the games are not paying out! Reserve the max credit bets for the hot slot machines and you will increase the odds of winning jackpots and decrease the chances of losing all your money.