What Would Happen If You Bet $100 on Every Online Slots Spin?

By in Slots on
6 Minute Read
Smartphone-Slots-100-Bill

Online slots provide a wide range of betting options. Many games let you bet as little as $0.10 or $0.20 per spin. They also allow you to wager up to $100, or even more in some cases.

Most players stick closer to the $0.10 or $0.20 minimum wager. They want to make their bankrolls last and get more entertainment out of slots.

Meanwhile, very few gamblers ever think about betting the $100 maximum. For some players, this would mean risking their entire bankroll.

Assuming you did have a large bankroll, though, what would happen if you kept betting $100 on every spin? Would your chances of winning a massive prize increase? Or would you simply lose everything faster?

I’m going to discuss more on playing at insanely high stakes. I’ll also go through the math on what would likely happen if you continued to bet $100.

Most Players Don’t Wager Anywhere Near This Amount

$100 is typically the maximum bet in an online slot. It’s reserved for gamblers who have serious money and get more thrills out of chasing bigger prizes.

Of course, many people can’t afford to risk $100 on a single slots spin. After all, online slots are volatile games that offer very few guarantees in the short run.

The average player wagers somewhere between $0.20 and $2 per round. Even at this rate, mobile slots can be brutal on a bankroll.

The thought of risking $10 per bet is even frightening to many players. That said, a $1 bet placed continuously seems insane to the typical gambler.

Theoretical Losses When Wagering $100 per Spin

Return to player (RTP) measures how much money a game will pay back over time. It covers hundreds of thousands or even millions of spins, making it a very theoretical stat.

That said, you can’t necessarily look at a game’s RTP and expect it to be exact in the short term. In fact, you wouldn’t want it to be completely accurate because you’d be guaranteed to lose.

Nevertheless, payout percentages are helpful for determining your theoretical losses at different stake sizes. They’re also nice when figuring out how much you stand to lose when risking $100 per spin.

Here are some comparisons to show your theoretical losses with a $100 wager versus other stakes:

$0.20 Bet

  • You play 400 spins an hour.
  • 400 x 0.2 = $80 wagered per hour
  • The house edge is 3.8% (96.2% RTP).
  • 80 x 0.038 = $3.04 in theoretical hourly losses

$1 Bet

  • You perform 400 spins an hour.
  • 400 x 1 = $400 wagered per hour
  • The house edge is 3.8% (96.2% RTP).
  • 400 x 0.038 = $15.20 in theoretical hourly losses

$10 Bet

  • You play 400 spins an hour.
  • 400 x 10 = $4,000 wagered per hour
  • The house edge is 3.8% (96.2% RTP).
  • 4,000x 0.038 = $152 in theoretical hourly losses

$100 Bet

  • You perform 400 spins an hour.
  • 400 x 100 = $40,000 wagered per hour
  • The house edge is 3.8% (96.2% RTP).
  • 40,000 x 0.038 = $1,520 in theoretical hourly losses

Volatility Could Really Hurt Your Bankroll

Payout percentages are nice for getting a rough estimate on how long your bankroll will last. As explained before, though, they’re not entirely accurate in the short run.

All online slots are highly volatile compared to the average casino game. Some slots are even much more volatile than others.

That said, you never truly know what’s going to happen with these unpredictable games. You could hit a huge prize and win an extreme amount of money thanks to a $100 bet.

The more likely scenario, though, is that you’ll go through plenty of dry spells and lose much quicker at $100 a pop. This being said, you’d really want to take the volatility into account when risking so much money.

Some online slots developers put volatility ratings in their games. In these cases, you can visit the info screen and check the rating.

Most of these ratings are on a scale of 1 through 10, while others range from 1 through 5. In either case, you’ll get an idea on how unpredictable a slot can be.

Even if you’re dealing with a massive bankroll, you should consider the losses you’ll take with $100 bets. You might choose medium or medium-to-high volatility slots to boost the chances of sustaining your bankroll.

Are There Any Advantages to Betting $100 Per Spin?

You can see that there are plenty of risks involved with staking $100. However, this massive wager can also pay off due to a variety of reasons.

Boost Big Wins

Most modern online slots don’t feature progressive jackpots. Instead, their jackpots are based on a multiple of your stake.

The average internet slot offers up to 5,000x the stake. If you’re betting a dollar on a game like this, then you can win up to $5,000.

Few players would complain about a $5k prize. However, this amount isn’t exactly going to make you rich. It’s actually a little disappointing when considering that these types of wins rarely come around.

You can seriously boost your win potential by wagering $100 per round. In this case, that 5,000x prize would turn into a $500,000 payout.

Of course, some slots offer top payouts worth much more than 5,000x the stake. If you’re playing a game with a 25,000x maximum prize, then you could win $2.5 million with a $100 wager.

Even if you don’t collect the highest-possible payout, all of your wins will be boosted with a bigger stake size. A string of small and medium wins could turn into serious money with large-enough bets.

Unlock the Bonus Round Immediately

Some developers offer an option called feature buy (a.k.a. bonus buy). Feature buy lets you purchase the bonus round immediately for a multiple of your stake.

Here’s an example on how it works:

  • You’re betting $1 per spin.
  • Feature buy costs 100x the stake.
  • You must spend $100 to unlock the bonus.

The average bonus buy costs between 80x and 100x your stake. Assuming you plan on wagering $100 a spin anyways, you could unlock the bonus again and again.

Of course, your wins will be in relation to your original stake (e.g. $1). Therefore, you won’t truly capitalize on huge wins. But on the plus side, you’ll play for many big payouts when buying the bonus again and again.

Benefit From Higher RTP With Feature Buy

Continuing off the point above, some slots hike the RTP during the bonus.

For Example:

A game might offer 96.3% RTP in the main game and 97.0% payback for the feature. Assuming you aim to trigger the bonus naturally, then you won’t enjoy this higher payout percentage often. Instead, you’ll mainly be dealing with the 96.3% figure.

By putting your large bets into bonus buy opportunities, though, you’ll be privy to higher RTP more often. In turn, you stand to win more money over time from a given game.

Assuming you’re a high-stakes player, you should check the pay table to see if feature buy offers a higher payout percentage. If so, you’ll gain yet another advantage by making big bets.

Should You Ever Consider Betting $100 on Online Slots?

$100 slots bets have their pros and cons. On one hand, you’ll enjoy the opportunity to win bigger payouts. You can also use feature buy much more often.

The downside, though, is that your theoretical losses will increase versus other stake sizes. These losses are only exacerbated when you’re wagering $100.

You definitely shouldn’t bet anywhere near this amount as an average player. You stand to lose your entire bankroll more quickly this way.

$100 wagers also aren’t a good idea when you’re adverse to big-time losing sessions. Your potential losses will increase greatly at this bet size.

Provided you’re a high roller with a big bankroll, you might consider risking $100 sometimes. These big wagers really pay off when you win a large multiple of your stake.

Furthermore, you can keep playing the bonus around again and again through feature buy. Games offer their largest payouts in the bonus.

Conclusion

So what would happen if you kept risking $100 in online slots? The answer for the average player isn’t pretty.

Your theoretical losses stand to greatly increase at this rate. If you don’t have the bankroll to handle these losses, then you’ll quickly be out some serious money.

That said, you want to go with your instincts and avoid betting anywhere near $100 as a common player. As the examples before show, you’re facing serious losses with the maximum bet size.

Of course, you could be one of the rare, lucky, and rich players who can afford to wager this much. Assuming you’re well off enough to bet $100 a spin, then you might get more enjoyment from these stakes.

Michael Stevens

Michael Stevens has been researching and writing topics involving the gambling industry for well over a decade now and is considered an expert on all things casino and sports betting. Michael has been writing for GamblingSites.org since early 2016. ...

View all posts by Michael Stevens
Email the author at: [email protected]