What Defines a High Limit Slot?
Defining what exactly makes a high limit slot is difficult. In a live casino, most machines work only on a single denomination; thus, a machine in a VIP room in a Las Vegas casino that takes $500 “coins” is obviously a high-limit slot. But because online slots offer many more options for customization on each machine, the same machine can often be played as a low-stakes machine and a high-limit slot at the same time by two different players.
For the purposes of this article, we’ll define a high-limit slot as any slot machine that has the option of being played for over $100 per spin (or 100 units of your currency of choice, such as pounds or euros). While these machines can often be played for much less if a player so chooses, these games at least have the option of being played for high stakes.
There are usually three different ways in which a game can build up the cost of a spin for the player. This is why it is difficult to simply look at the denomination of a machine in determining whether or not it is a high limit slot; it would theoretically be possible to create a “penny” slot that could be played for hundreds of dollars or more per spin!
Still, the first factor in determining if a slot is a high-limit machine is the denominations offered by that game. Most online casinos will allow a wide range of coin denominations on their slot machines. For instance, you may play a game that allows you to adjust your betting denomination from $0.01 to $5 per coin, based on your preferences. For the sake of this example, let’s start at the high end, with a $5 coin. That’s certainly sizable, but doesn’t meet our definition of a high limit slot on its own.
Next, you’ll want to take a look at the number of paylines you have the option of playing. On many five-reel machines, you may have as many as 50 or more paylines available, though you’ll rarely be obligated to play a certain amount, and playing even just one line is possible. However, the more lines you play, the better your chances of winning, as you’ll have more possibilities for making winning symbol combinations. Every line you play must be paid for separately, effectively multiplying the cost of each spin. For our example, we’ll imagine we’ve played a 20-line slot machine at $5 per coin. That brings us up to $100 per spin!
But we’re still not done. Many machines will allow you to play a variable amount of coins per line, with a range of 1-5 coins being common. Of course, each coin costs the same amount of money, though your winnings will also be multiplied by the number of coins you choose to play. In our running example, if we chose to play five coins per payline, that would bring the overall cost of each spin to $500 — well within the range that most people would consider to be high limit!
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Why Play High Limit Slots?
There are a few reasons why you might choose to play high limit slots. First, particularly in live casinos, the odds on the highest limit slots tend to be better that those on lower limit slots. In fact, this is a progressive trend that exists through all limits: penny slots return less than nickel slots, which aren’t as good for the player as quarter slots, and so on up the line. Although this is less of a factor in online casinos, there are still some cases in which “cheap” slots payout at a lesser rate than their high limit cousins. In addition, playing at higher limits also grants you more access to VIP and loyalty programs that can earn you even more value for your play.
Another reason to play high limit slots is to have access to the biggest prizes possible without relying on very difficult to hit progressive jackpots. For instance, take the new Playtech slot machine, Goddess of Life. In this game, players have the option to wager as much as $10,000 on a single spin — an amount most people could never dream of affording. However, being willing to put up that much money does come with some amazing rewards, as prizes as large as $5 million can come if you play for the maximum amount on each payline.
Finally, though, the real reason to play high limit slots is that these are the limits that seem right to you. The best limit to play any slot machine on is the one that gives you the maximum amount of excitement as a player while also allowing you to be comfortable with the amount you’re wagering. Whether that means that you’ll be playing for pennies or thousands of dollars on each spin is up to you and your budget – and one of the great advantages of online slots is that you’ll usually have the ability to play at either of these extremes or anywhere in between.