Slot machine tournaments offer a range of advantages over regular slot play although you also have a few negatives. It is worth keeping both the pros and cons in mind before you enter a tournament. Several of the pros and cons will differ depending on what sort of player you are and your VIP status at the casino.
- You have a better chance of winning *
- You know exactly how much you will spend
- You can win big prizes for a small entry fee or for free in some cases
- You can get a free entry based on your VIP status
- You get more spins for your money **
- You have to play quickly
- You may not be able to play your favorite game
- If you hit a jackpot you do not get to keep the actual win ***
- You can only play when the tournament is scheduled
- Some of the bigger tournaments have comped entries only ****
To explain what we mean when we say you have a better chance of winning look at this example. The top prize on a slot machine is 2,500 coins or $1000 on a quarter denomination machine. The odds of hitting this top jackpot during normal play will be anywhere from tens to hundreds of thousands to one. If a tournament has a $1000 top prize and there are 100 entrants you have a 1 in 100 chance of winning $1,000.
** While you do get more spins for your money in terms of credits on the machine you have to play quickly which might lessen the enjoyment. This can be a positive or negative depending on your style of play.
*** Your wins during a tournament are only used to give your position on the winners list. This means that you can hit the top jackpot on a machine that may have paid $5,000 but you do not get to keep the $5,000 win. This is a bit of a negative although hitting a top jackpot in a tournament usually means you will be in the money.
**** Comped entry only means that you have to have earned your entry with previous play at the casino. This is tracked via your Slot Card or Players Card. Comped tournaments are often a way for casinos to reward regular players. This can be bad if you are a small player but a positive if you are a VIP at the casino.