Many gamblers believe that only high rollers have a chance of hitting the jackpot. However, that’s not always the case. So, can everyday players staking around $10 actually win big?
Yes, it’s possible to win big with a small deposit, but it’s a rare occurrence. That’s why it’s important to set the right expectations to avoid losing money chasing big wins.
Are there strategies for low-wagering players? Yes. Read this article to understand how to set your expectations and analyse odds. We’ll also share smart tactics to use when playing with minimal deposits.
Do You Need to Bet Big to Win Big?
Many Kiwi players still believe that only big spenders stand a chance of winning huge jackpots. However, the reality is that online casinos don’t give large bettors any advantage over those wagering small amounts.
Nowadays, online casino games use a random number generator (RNG) to ensure that every spin, dice roll and card draw happens randomly. Therefore, the outcome of each bet is random, regardless of the wager. Whether you’re placing a $10 or a $100 bet, the chances of winning are exactly the same. The only difference will be the size of the payout. Since progressive jackpots are also random, big and small wagers have equal chances of winning.
In a nutshell, big wagers can lead to bigger payouts. That said, betting big doesn’t make you luckier. With the right strategy and luck, even low wagers can win big.
Biggest Online Casino Wins from Small Deposits
In New Zealand and beyond, plenty of everyday players have turned a few dollars into impressive payouts. One of the biggest casino jackpots recorded was in October 2015. Jonathan Haywood, a British soldier, made headlines after winning a whopping £13.2 million jackpot on Mega Moolah. Surprisingly, he didn’t spend a fortune but hit the jackpot with a 25p spin!
Another player from Finland, who preferred to remain anonymous, won an epic £17.8 million progressive jackpot in 2013. The winner only wagered €0.25 on the Mega Fortune slot to trigger one of the biggest wins in history.
Rawiri Pau set the record in New Zealand after winning a massive NZ$10 million playing the Mega Moolah slot in June 2016. The Kiwi had previously won small amounts but decided to stake his winnings and luckily hit the jackpot.
Of course, these stories are exceptional and you’re not guaranteed the same outcome when you play. Remember, for every big win, there are probably thousands who win small amounts or nothing at all. Still, these real-life examples show that with Lady Luck on your side, even a $10 deposit can lead to memorable wins.
Understanding the Odds and Setting the Right Expectations
Whether you’re staking a few cents or hundreds of dollars, it’s important to understand how the odds work at online casinos. The outcome of casino games is based on probability, Return To Player (RTP) rates and volatility.
RTP means the percentage of money a game pays back to players over time. For instance, a slot with 92% RTP theoretically pays back NZ$92 for every NZ$100 wagered. However, it’s good to note that the percentage is based on millions of spins and not an individual session.
Online casino games also have varying volatility, which affects the number and size of wins. High-volatility titles have fewer but bigger wins, while low-volatility ones have smaller but more frequent wins.
Smart Strategies for Low Wagers
If you are a Kiwi player who prefers to play online casino games with low wagers, here are a few smart strategies to apply in your gameplay:
Play games with high RTP: Consider wagering on titles with high RTP rates that have higher chances of winning. And if you like small, frequent wins, play low-volatility games.
Take advantage of bonuses: Whether you’re a new or existing player, you can claim bonuses like reload rewards to boost your bankroll. Use the extra funds or free spins to keep playing and increase your winning chances.
Play for fun and not for wins: Instead of chasing big wins, play at 10 dollar deposit sites where you can have fun without risking large sums.
Set a budget and time limits: Only bet small amounts and always set a time and budget limit. Stick to these constraints and avoid spending too much time or money on betting.
Should You Chase Big Wins?
The idea of depositing NZ$10 using mobile crypto wallets or other payment methods and winning thousands of dollars might sound exciting. However, it’s easy to fall into the dangerous trap of chasing that “one big win”. You might start your gaming journey for entertainment but end up spending more than planned, especially after a small win or a near-miss.
While chasing big wins, you might find yourself also chasing losses, where you increase your wagers in an effort to recover money lost. This “chasing losses” strategy, hoping for bigger wins, is risky for various reasons, including:
- It could lead to significant financial losses: Continuously wagering on online casino games with the hope of hitting a jackpot can lead to substantial losses. Avoid going beyond your daily betting limits to ensure you don’t lose much.
- Risk of addiction: Constantly wagering on online games while chasing big wins can become a bad habit, leading to addiction. Set a bankroll and time limit when playing casino games and stick with it to avoid falling into problematic gambling.
- You might lose your edge: When unthinkingly chasing wins, you might abandon your strategy, play with emotions and increase the risk of loss. Losing control in your gaming can shake your confidence and compel you to make irrational gambling decisions.
Final Words
Yes, you can really win big even with small deposits. However, it’s wise to stick to your budget and play for fun instead of chasing big wins. If you want to get started, check out low-deposit sites to wager small amounts for a chance to win big without spending too much.
