Home Insights & Advice How much can you win at online casinos?

How much can you win at online casinos?

by John Saunders
17th Jan 22 3:42 pm

Online casinos are big businesses. They often say that the casino always wins, but that doesn’t necessarily mean that you can’t take a slice out of the business’ fortune along the way. How much you can, as a single-player, expect to win playing at online casinos? If you’ve been sitting at home bored and are seeking something exciting to spice up your day, online gambling could be the answer. Allow us to break down the truth about what you can win when you play at online casinos in 2021.

Prizes are proportional

Any prizes you might hope to win are proportional to your bet. It doesn’t matter which game you play; this is the way of things. In other words, you’re looking at fixed odds prizes for almost all games. In short, whether you want to bet £1 a spin on a slot or £100 a spin, the top prize will always be worth the same, for instance, 10,000x a bet. The exception to this rule are progressive jackpots. These are uncapped, meaning you could win anything from a few quid up to millions of pounds, but we’ll come top that in a second.

Does RTP matter?

You may have heard of RTP – return to player rates. The big question is, does it matter? More than you know. The RTP rate is essentially the other side of a coin that includes house edge. Whereas the house edge tells us what portion of each bet a casino keeps, the RTP tells us how much of each bet made by players the casino puts back into a massive pot for you all to win. The higher the RTP rate, the fairer and more appealing the game is. We don’t recommend playing any slot with an RTP rate lower than 94%.

What about volatility?

Volatility is not as significant, but it is still worth getting to grips with. Volatility determines how likely you are to win frequently and what sorts of prizes we’re talking about. For instance, low variance games pay regularly but often do so with small winnings, while highly volatile slots pay infrequently but deliver larger prizes. It is up to you to decide which one suits you best based on your budget, but top sites like www.rollers.io will typically carry a touch of everything.

Winning millions of pounds online

Now, we’ll end with where we began – jackpots. These are uncapped and aren’t always tied to how much you bet. In some games, you can only win massive sums if you wager the maximum bet. However, in most jackpot slots, you could get away with winning a top prize with even a minimum bet, especially in games where there are several jackpot prizes available. It may sound fanciful, but it is entirely possible to win millions of pounds with a single 25p bet. It has been done before, with the record currently standing at over £19m on Microgaming’s Mega Moolah slot.

 

Please play responsibly. For more information and advice visit www.begambleaware.org

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