High Limit Slots
In order to play High Limit Slots online you need two things. First, you need a casino that offers high limit slot machines and table games. Second, it needs to be absolutely perfect in terms of trust, safety, 24/7 customer support, special VIP program and of course it needs to have solid banking system with a variety of high limit deposit methods.
High Limit Online Casinos
It’s important that you play in an environment that you trust. For that, you need to choose an online casino that is licensed, offers fast deposits and withdrawals, and has clean history of fair play. After all, having thousands of dollars tied up in an online account for a long time can be nerve-wracking.
Also, since comps and perks can accumulate quickly at high wagering levels, it’s important to find an establishment that rewards their VIP players well. Handling VIP players is an art and not all online casinos know how to do that; some will give you a nice free chip, and some will give you free chips, special cashback program, gifts and even luxurious vacations. Therefore it is important that you find a high limit casino that will know how to cherish and reward its VIP players.
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High Limit Slot Machines
There is no exact definition on what slot machine can be referred to as a high limit slot. For some of us betting $20 per spin would be huge, while for others, even $250 per spin bet will look small. Typically, high limit slots begin at the $5 dollar denomination–though some casinos consider the high limit designation for $25 wagers and up, but that rule is more appropriate to land casinos.
In online casinos, many times the same slot machine can be played as penny slot and as high limit slot at the same time. In this article we will address high limit casinos as ones that allow to bet more than 100 USD/EURO/GBP per spin.
High Limit Slots History
Originally, high limit slot machines were found in exclusive VIP areas within the casino or even in specific high limit casinos. The thought was that the exclusivity and elegance of the high limit room would entice the players who had sufficient funds to play there. Today, with the modern gaming environment taking place in both traditional and online casinos, high limit slots are much more common.
The increased amount of money wagered on each spin creates certain advantages to players who choose to play in this environment. In many cases, these benefits are quite attractive.
The big draw to high limit slot machines, aside from the VIP benefits and the thrill of winning a major jackpot, is the payout rate. In most casinos, the payout rate on high limit slots is higher than average. There are two reasons for that.
First, it is important for the casino to keep the high rollers and therefore they offer them a higher payout rate. The second reason is that the wagering level on high limit slots is higher than on penny slots for example. When the amount of money bet each spin increases, the casino takes in more money every hour. Surprisingly, this is actually a good thing for the player, since the casino can afford more generous payouts. For example, a person who makes 200 spins per hour with a $1 wager generates $200 of play. Similarly, a person playing at the $25 level would generate $5000. If the casino wants to earn 20 dollars from each machine per hour, the casino would need to keep 10% from the $1 player, but only 0.4% from the second player.
Nevertheless, the decision to play real money slot with $10, $50 or $100 bets per spin should not be made lightly. The basic rule is that you should never make bets that make you feel uncomfortable and of course, never gamble with money you can’t afford to loose.