Slots with high volatility are machines that although do not pay out as often, but pay more when they do form winning symbol combinations. Slot machines with low volatility on the other hand will pay out smaller wins with higher frequency. The true slot machine secret is always to bet high on a high volatility slot machine. August 24, 2020 - 1:22 pm A Bellagio slots player won a jackpot worth nearly $4 million on a Dancing Drums Explosion video slots machine.

The motto for most gamblers who come to Las Vegas on a lark is rather simple – go big or go home.

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If you’re going to wager real American dollars on games of chance and skill, there’s no reason to take the conservative route. Bankroll management notwithstanding, the goal for any gambler in Sin City is to hit it big, win the jackpot, and walk away with more money than you know what to do with.

Slot Machine Winner Denied 8.5 Million

Of course, the vast majority of us who take these shots don’t mint themselves instant millionaires. Instead, the house’s inexorable edge and every gambling game’s inherent odds against the player combine to pour our money straight into the casino’s coffers.

For this reason, what happened at the Excalibur casino on March 21^st of 2003 when a random tourist from Los Angeles decided to hit the slots has become the stuff of Las Vegas legend.

On that day, an anonymous 25-year old gambler arrived in town to visit his family. With the annual “March Madness” college basketball tournament in full swing, the player figured they might as well get some action down on Duke, Arizona, and the rest of the sport’s heavyweights.

The young man’s uncle heard about the trip to Excalibur Hotel & Casino and offered his nephew a little sage advice from a Las Vegas local – play the Megabucks slot machine and see what happens.

And with a $10 million starting seed* – not to mention millions of tourists plunking down the requisite $3 per spin to give themselves a chance – the Megabucks jackpot had swelled to an astounding $39.7 million.

*Megabucks initially offered a $1 million starting seed, before increasing to $7 million in 1997, and $10 million in 2005

Thus, the visitor from L.A. found a Megabucks machine and took a seat with $100 in hand.

Bovada betting odds. What happened next made history…

How Does the Megabucks Slot Machine Work?

First things first though… in case you’re unfamiliar with the Megabucks slot, here’s a quick crash course on the greatest progressive jackpot game of them all.

Casino game manufacturer International Game Technology (IGT) introduced its Megabucks slot way back in 1986. At the time, slot machine jackpots were static in nature, meaning each individual machine offered its own kitty based on how many coins had been previously deposited in between major payouts.

IGT had a revolutionary idea, however, so the company linked its various Megabucks machines all over the Silver State together. In other words, whenever a player in Reno, Mesquite, or anywhere in Nevada for that matter played one Megabucks machine, their coins contributed to the same jackpot total.

This wide area progressive jackpot concept proved to be an immediate hit with players, who loved to watch the meter continuously climb into the seven-figures.

And those meters did climb on a daily basis too, thanks to the Megabucks game’s enormous odds against on the topline jackpot.

Megabucks is a deceptively simple game, one which eschews the multiple paylines and expanded reels that make up the bulk of a casino’s slot inventory nowadays. For a maximum bet of $3, players send three reels spinning, each featuring traditional symbols like 7s, cherries, and BARs. To form winning combinations, players hope to hit three matching symbols along a single payline.

The game’s jackpot symbol is a golden “Megabucks Eagle” which depicts the slot’s distinctive logo. The only thing is, landing even one of these crucial symbols along the payline requires the player to beat odds of 1 in 368. Knowing this, the odds against spiking all three at once come to an astronomical 1 in 49,836,032 – or (1/368)³.

For this reason, the Megabucks progressive jackpot often goes unclaimed for extended stretches, many of which lasting more than a year. With so much time in between big winners, and so many players statewide tossing $3 per spin into the kitty, Megabucks jackpots soon became notorious for reaching epic proportions.

Before that fateful day in 2003, Megabucks players enjoyed an incredible run which saw the jackpot rise to a then record $27.5 million in 1998. That life-changing sum was won by a lucky slot spinner at Palace Station in November of 1998, but the record was eventually broken with a $34.9 million payout awarded to a cocktail waitress playing at the Desert Inn in January of 2000.

A little more than three years later, a new record was waiting to be set at the Excalibur.

$100 Flier Turns Into Life-Changing Record Jackpot Win

Starting out with only $100, the player from L.A. had just 33 spins to work with given the $3* price of play.

*Megabucks can be played for $1 or $2 spins, but the progressive jackpot is only awarded to players who opt for the max-bet of $3

Even so, as a press release issued by IGT later revealed, the player with a birthdate featuring three 7s seemed to have Lady Luck on his arm from the very start. Within the span of those 33 spins, the man watched as not one, not two, but three of the “Megabucks Eagle” symbols slowly spun and came to a rest alongside one another.

Just like that, the player had beaten odds of nearly 1 in 50 million to put nearly $40 million in his pocket.

Well, not all at once anyway. The winner elected to take $1.5 million installments over the course of 26 years – which means he’s still receiving seven-figure payouts annually to this day. In fact, the winner has another 10 years and $15 million remaining on his record-setting payment plan.

Although he chose to remain anonymous, the winner provided the following statement to IGT:

“I’m still stunned; it doesn’t seem real yet. But both of my parents are still working, so some of this money will be used to fund their retirement.”

Largest Megabucks Jackpot Ever – And By a Long Shot

John Sears – who served as vice president of IGT’s MegaJackpots program at the time – confirmed that the $39,713,982.25 payout smashed the previous record for largest slot machine jackpot ever awarded:

“This MegaJackpot is nearly $5 million more than the previous world record slot jackpot amount of $34.9 million – this one goes into The Guinness Book of Records.”

Check out the table below – featuring 10 real megabucks jackpot wins – to get a better sense of just how ridiculous the record-setting jackpot really is:

Megabucks Jackpot History (Wins of $10 Million or More)

Competing Jackpot Hunters Lament Loss of Record-Setting Total

Within the slot machine gaming enthusiast community, learning that Megabucks’ massive jackpot had been won proved to be bittersweet indeed.

In an interview with the Las Vegas Sun conducted shortly after the news broke, Kim Wong from Kailua, Hawaii told the newspaper how she felt watching the meter reset back to $10 million:

“I was here at lunchtime around 12:30 and it was still around $39.7 million. Then I came back around quarter after one and it was resetting. It was such a drag. It was a little more enticing with the $39 million up there, but I’m still playing.”

Judy Selasky from Lavonia, Michigan provided a similar story, telling the paper that even though a record payout was off the table, she and her husband would still play in hopes of a “lightning strikes twice” type of moment:

“I said, ‘Hurry up and get up to the room, so I can get downstairs. I figure if he won, there might be some magic here. I’m not a hog.”

Conclusion

In a city like Las Vegas which was founded on excess, setting the world record for slot machine jackpot winnings really is something special. And while we don’t know much about the software engineer from L.A. who did the deed, learning that a 25-year old tourist took the honors should give hope to every gambler who makes the sojourn to Sin City.

More than 16 years have passed since the record-setting spin, and nobody has even come close to claiming such an incredible Megabucks jackpot over that span – which shows just how astonishing that memorable moment in March of 2003 really was.

Playing on a slot machine can be tricky business. If you are in the initial stages of the game or a novice then you might need time to get familiar with the machine.

It is sometimes hard to decipher how to win on slot machines every time. This article can help you in finding a winning slot machine.

Every gambler looks for ways to trick casinos so that they can make the most on slot machines.

One of the toughest parts is to listen to the advice and sit through the good and bad. A number of casinos remain open to entertaining people. Many people are now pro at gambling and know tricks to win at slot.

You may have a plethora of options when it comes to choosing a casino. These top 7 qualities should help you in finding the best casino.

Before we go any further, you need to learn about the slot machine.

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What is a Slot Machine?

Having three or more spinning reels, slot machines are gambling games. The reels have symbols that spin and randomly form a combination once a player has placed a bet.

When numbers are lined up in a sequence, it determines wins. These are called pay lines. An amount is then given according to the wager.

Useful Casino Tips to Win Slots

How to win at slots can sometimes be tricky. One of the tips that must be followed is to spend a substantial amount of time in order to get to know the machine and its pattern.

The question, however, remains how much time to spend at slot machines?

Keep reading to find some useful tips to win slots.

1. Highest Payouts Slot Machine

One of the mistakes that beginners make when they go online to win money is choosing the wrong slot machine. This might seem obvious but many tend to overlook it.

If you want to learn how to win on slot machines every time then you must choose the one that pays higher than other machines.

Return to the player that is RTP should be higher.

In order to find RTP, the easiest option would be searching for it online. Many websites are reviewing casino games and you can find one.

2. Volatility of Slots

Volatility is an important factor when you have to pick a winning slot machine. This is also referred to as variance and or risk level.

It determines the level of risk that is involved while playing for real money. This also determines your winning probability.

If volatility is low then it means that you will win frequently. With high volatility, the wins are rare but they will be bigger than the low ones.

Slots that have high volatility are often exposed to risks as you are unable to determine the lucky spin to win money.

If you have not found a way how to tell if a slot machine is ready to pay then do not jump to a hasty decision. Spending all the money on gambling is not a good idea. These 10 tips can help you to avoid spending all your money gambling.

Slot Machine Winners 2021

3. Disregard the Obvious Option

Online gambling is becoming a serious phenomenon that has made its strong presence recently. Online gambling is another way how to win at slots. There is a myth that is associated with online gambling which requires one to increase stakes to win the jackpot.

The truth of this myth can be determined here.

No matter how impressive an online casino is, they still are after your money. There are all legal and legit but you need to know how to tell if a slot machine is ready to pay.

You need to dig deeper in order to reach the winning slot. For this, you need to consider the slots that are not promoted. Check the ones that are on the third or fourth page.

4. Go for Smallest Jackpots

In order to have the best chances to win the slots choose the smallest jackpots. The smaller is the jackpot, the higher the chances would be to win the game.

It takes so much time to create huge jackpots and as a result, you lose. This is the reason that you should stick to the smaller returns.

5. Do not go for Video Reels

Slot machines with video reels might look impressive but they pay less than the normal machines.

There is a reason why such slot machines pay less. Videos take long to display and while this is going on, the casino is not making money. This is the reason that such a slot machine is designed in a way that takes the money from players who are playing.

This is the reason that you should stay in the classic slot machine in order to get a big return.

6. Trust the Feedback/Other Players

This might not work when you are playing poker but for online gambling, you can trust other players. If the casino tries to trick you, other players can call it out. This is the reason that you should always check the reviews and ratings in order to find the truth about the game.

This would also tell you about the experience of the other players.

These are some of the tips that can help you in increasing the probability of your win. Your guide to gambling in Oz can help you in increasing your winning probability.

Manipulating slot machines in the past have questioned the probability of winning. Many players find it hard to believe if it is possible. However, with practice and familiarity, it is possible to manipulate slots.

Facts About Slot Games

You might be able to find how to win at slot games but at times you need to be aware of its working as well. If you are a frequent visitor to casinos then you must be familiar with the game and its rules.

There are some interesting facts about slot games that you must know.

Some of them are given below:

• The software for casino games is designed in a way that the mobile users experience the same version as they do while using a desktop.
• The user interface is kept simple with clear instructions. With a new slot comes with a new interface and design. This is the reason that they need to make a slot that in understandable and user-friendly.
• It is safe to play slots using mobile phones. They have a very strict security system that keeps your phone secured. The team would inform you as soon as any suspicious activity would take place from your account.
• Each slot is a machine is different. They might look the same on the outside but inside there is something that makes them different. A slot machine can hit the jackpot twice within the same time period.
• You cannot find any special technique or way to hit the spinner. Each move by the gambler would not affect the way in which the slot moves.
• There is also a myth that is associated with a hot coin. It is not true that a hot coin would affect the slot machine’s action.

These are some of the interesting facts that are not widely known. People tend to believe the myths that have been created over the past years.

Each machine is different and you should be familiar with its working.

Being familiar would help you in making the pattern work. You can win on slots. You need to keep in mind the tricks and tips that have been told.

These are enough to help you in making a winning slot. So make sure you do your homework before showing up at a gambling game.

How to Win on Slot Machines Every Time: Pick the Right Slot Machine

Now that you know so much about the slot machine, you should be able to pick the right one. This might be a tricky step but once you are through it you might know how to tell if a slot machine is ready to pay.

This article has made it easy for you to learn how to win on slot machines every time. Learn the tips and tricks so that you can hit the jackpot. With these aforementioned tips, you might be able to win the big hit.

Wouldn’t it be nice to win BIG?

To find the latest articles and features that cover the whole gambling industry in Australia, check out our other blogs posts.