High Limit Slots
In order to play high limit slots online you need two things. First, you need a casino that has high limit slot machines and table games. Second, it needs to be absolutely perfect in terms of trust and safety with 24/7 customer support and a special VIP program. Of course, it also needs a solid banking system with a variety of high limit deposit methods.
High Limit Online Casinos
It’s important to 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.
Since comps and perks can accumulate quickly at high wagering levels, it’s important to find an establishment that rewards their VIP players. Handling VIP players is an art, and not all online casinos know how to do that. Some will give you a free chip, others will give you multiple free chips. It’s possible to get special cash back programs, gifts and even luxurious vacations. Therefore it is important that you find a high limit casino that will 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 classified as a high limit slot. People have different ideas on what makes a high bet. $20 per spin could be huge, but for others $250 per spin can look small. Typically, high limit slots begin at the $5 dollar denomination. Though some casinos consider $25 wagers and up as high. (But that is more appropriate to land casinos.)
In online casinos, many slot machines can be played as penny slots and as high limit slot at the same time. In this article, we will address high limit casinos that allow bets more than 100 USD/EURO/GBP per spin.
High Limit Slots History
Originally, high limit slot machines were found in exclusive VIP areas within a casino. Or there were 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 in the modern gaming environment, 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 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 casinos to keep high rollers and therefore casinos offer them higher payout rates. 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 because 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 $5,000. 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 a real money slot with a $10, $50 or $100 bet per spin should not be made lightly. The basic rule is that you should never make a bet that makes you feel uncomfortable. And never gamble with money you can’t afford to loose.