There is hardly any strategy that can be applied to slots. You will probably, of course, encounter someone who claims to have developed thefool-proof' slots strategy system but please, ignore such advice. The game is random and arbitrary. The slots don’t have memory, that’s why it is not wise to try to outwit them. But it is wise to play with useful tips, which can really help you. It doesn’t mean that you will win a lot of money, but you will not lose so much. You want to find anything above 95%. Like other casino games it is very important to know the odds and probabilities of the game you are playing, the same thing with slots. Before you start playing slots get acquainted with the payout schedule. Determine your losing limit for the day. If you are more likely to exceed this limit you’d better give up the game. When playing remember that you can win as well as lose. Don’t think that machine will feel guilty if you insert a lot of coins and get nothing back. If you think that the machine you are playing will hardly pay anything out you’d better stop playing it. When things are going your way and you're on a lucky streak, take advantage of it and bet more. When you're slumping, bet less. Find a machine that suits your bank-roll. Play dollar machines if you don’t have much money. Don't forget to cash out the credits you've accumulated. Sounds obvious, but a lot of people forget! Never make high bets if you play slots you have never played before.

Here is the list of the most amusing myths concerning slots.
You can spot a winning slot machine.
The only way one can say that theslot machine is a winning one is only to catch this moment, when the machine pays out. Slot machines use random numbergenerator and that's exactly that. Random.
Casinos place loose slots near the cashier, aisle ways, etc.
In reality it is not to casino’s advantage to place loose slots at one and the same place, because in this case gamblers would play only these slots. The slots are mixed and nobody can say for sure whether this slot is a loose one or not.
Count the number of symbols on the reels to determine your odds.
This is mathematically impossible, remember the RNG (random number generator) determines the stops. Thereare literally millions of combinations on a 3 reel slot machine, so there is no way of determining odds by the symbols on the reels alone.
Casinos can tighten or loosen slot machines from the back office.
In order to change how a slot willpay out is by changing the computer chip. No casino can just flip a switch.
A slot machine that has not been paying is due to hit.
It is not so. With every game the chances of winning are the same.
Pulling the slot machine handle produces more wins than pressing the spin button and visa versa.
It is also a mistake. These things are only mechanisms for beginning the game. The machine knows whether you win or lose before the symbols begin to stop.
Playing with hot coins improves your chances.
It is false. Nothing can affect the outcome, the machine doesn’t care and doesn’t know whether your coins are cold or hot.
Casinos set slot machines to payback more on the weekends.
One more rude mistake. The chances and odds are always the same. It doesn’t matter when you play.

Slot machines are honest because state gaming commissions make sure they are. What you can really doubt is the honesty of some manufactures.
In the old days, slot machines worked mechanically, with independent wheels spinning until they each stopped randomly. Modern slots are much different. Now the integral part of any slot machine is a chip, which is programmed to select numbers randomly. The selected number determines the symbol which then comes out. There is a computer code. It generates the random numbers and determines whether the slot machine is loose or tight. The gaming inspector will examine the machine to make sure it will not deceive the player. There is a legal rate according to which the machine has to pay out. Of course it can pay lower, which happen very seldom.
Because slot machines don’t pay off with every spin, it’s difficult for customers to tell whether a slot machine’s chip has been programmed to pay off less often than is legally required. The machines have to be examined before people begin to play them. Of course it is very difficult to examine every single machine, that’s why inspectors examine only brands. If inspectors approve the brand, they can produce machines, and change them. But these changes must cover legal requirements. Manufacturers can change chips to make a machine pay less as long as the inspectors have approved that particular chip.
In one of the casinos the chip was programmed in such a way that royal flushes would never come out. Similarly, Universal Distributing Company was caught programming machines to show a “near miss” of a jackpot. The effect was two-fold: the machine didn’t pay off, and customers continued to play the machine, thinking that they were very close to a big jackpot. If you think you’re playing a machine that is not honest, you can complain. Inspectors will respond by pulling the slot machine’s chip and seeing if it is an approved chip. Manufacturers that cheat are fined or they can lose their license.