Original slot machines are played by inserting coins. But that’s until casino operators have discovered the practicality of using coinless slot machines. They provide up-to-the-second tallies and have fewer moving parts to maintain.
Coinless slot machines accept banknotes instead of coins to make them work. Some variations come with two receptors for bills and coins. Prizes come in the form of vouchers that you can cash in at dedicated booths.
What Is a Coinless Slot Machine?
So, what is a coinless slot machine? According to its patent abstract, it is “a gaming apparatus which comprises a slot machine capable of accepting either paper currency, preprinted coupons, or cash out slips. The slot machine also includes a printer that prints and dispenses cash out slips which include a bar code representing a unique identification that provides the amount of ‘winnings.’”
Under a coinless slot machine system, you can’t cash out your winnings from the machine itself. Instead, it will print a receipt that you’ll exchange for cash at the cashier window. While this is a good thing for those who don’t want to touch dirty coins, it has also resulted in long queues. As a result, some gamblers don’t bother to cash out their winnings, especially if it’s below $5.
While many slot machines across the globe only accept bills, you can still find some classic coin-based slots. If you’re wondering, these machines are usually available in the downtown gambling joints that use traditional slots to appeal to your nostalgic side. However, some fear that coinless slot machines might soon replace them as the world migrates to a cashless society, not to mention coin shortage.
How to Win on a Coinless Slot Machine
Now that you’re familiar with how a coinless slot machine works, it’s time to learn how to play it. As you know, slot machines are all a matter of chance. You can’t come up with blackjack- or video poker-like strategies to beat the casino’s mathematical edge.
Slot machines have unchanging odds. You can’t do anything legal that can influence the outcome. However, you can do some techniques to make the most out of the games. Below are some tips to guide you while playing.
Make up Your Mind
Before you insert your hard-earned cash into a coinless slot machine, make sure you really want to play it. Due to the convenience they provide, coinless slot machines are more expensive to play than their coin-based counterparts. The cost per play is nearly similar to traditional slots. However, the one-dollar minimum amount to start playing is still pricier.
That is the reason some players still prefer traditional slots. Before playing, decide whether you want to play a coin-based or a coinless slot machine. In addition, you have to be ready emotionally and psychologically. Traditional machines won’t force you to keep on playing to make the most out of your dollar.
Play With Bills in Smaller Denominations
Now that you’re sure you want to play on a coinless slot machine, it’s wise to play with smaller denomination bills. Playing with banknotes in a larger denomination is more convenient, but it’s also favorable to casinos. It earns them more money. If you don’t intend to play in large amounts, just use small denomination bills.
It’s best to set a budget before you even sit on a coinless slot machine. Make sure you change your money into one-dollar bills before playing. That way, you won’t spend more than you can afford.
Cash-out the Vouchers ASAP
Since coinless slot machines pop out prizes as vouchers, it’s advisable to cash out your winnings as soon as possible. Coinless slot machines give you the option of redeeming the voucher or using its credits to continue playing. More often than not, cashing out is the better option. Aside from guaranteeing your winnings, it also helps with practicing self-control.
Sure coinless slot machines make things easier for players who don’t fancy heavy coin buckets or touch dirty coins. However, it also comes with some catches. Remember these tricks to winning in a coinless slot machine to ensure a more enjoyable casino visit.
How Do You Pick a Winning Slot Machine?
First things first, you have to understand that slot machine games come in different forms. Therefore, some machines are easier to play and win than others. Whether you’re playing a coin-based or a coinless slot machine, here are some tips for choosing a winning slot.
Play the One With the Highest Payouts
A common newbie mistake is wrongly assuming that all slot machine games are created equal. They think graphics is their sole distinction. However, that’s totally wrong. No two slot machine games will give you the same winning chance.
If earning money is your end goal, go for coinless slot machines that payout the most. You may be wondering how you can figure that out. Well, it’s as simple as looking at the Return to Player (RTP) percentage to determine their payout potentials.
The RTP percentage refers to how much of the wagered money the slot machine gives back to players. It’s always on a scale of zero–100. Most games come with an RTP of around 92 to 97 percent.
Check the Slot Game Volatility
Before shedding your hard-earned money on any slot, ask yourself: how volatile is this game? You can find answers online or ask around. Also called “variance,” volatility refers to the risks you’re taking when playing a specific slot game.
A coinless slot machine can be low volatility or high volatility. Low volatility slots offer huge winning chances. The risks involved are less, but low volatility spins usually mean smaller winnings. In other words, your total winnings for a whole day of play might not be as high as you’d expect.
On the other hand, high volatility slots have a better payout that compensates for the high risks involved. These are the best choice if you’re looking to take home massive winnings. However, you have to practice playing slot machines. It also helps to learn some tips and strategies since you’ll be putting your bankroll on the line.
Read Reviews
This advice might fail for other casino games, but not in slots. It’s best to find out what other players are saying about a particular slot machine game. You can trust their comments and reviews when it comes to choosing a winning coinless slot machine. That’s because players are quick to complain if a slot doesn’t pay or gives unfair winning odds.
Check the Licensing
More than the lucrative bonus offers, checking if the platform is authentic is key to finding a winning coinless slot machine. If you’re playing online, make sure to verify the licensing credibility of the website. Their licensing systems are your best friends, guaranteeing that you’re playing only on legitimate sites.
Try Online Slots for More Variety
Why are online slots better? Major slot machine creators are now distributing their games online. In addition, some of the new breeds of game manufacturers look first to the online market. NextGen, NetEnt, and ReelPlay design their games with online players in mind. That means you have an extensive selection of online slot games.
Steers Clear of Branded Slots
Finally, avoid playing branded slot games. While they’re exciting to play, these games aren’t the easiest to beat.
For starters, branded slots are themed games featuring events or characters from your favorite films or TV shows, historical legends, famous brands, and many more. Developers spend an arm and a leg to use popular brand names. That said, they’ll likely try to earn back their investment and not run their machine at a loss.
