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No, slot machines do not pay more often with higher bets. The outcome of each spin on a slot machine is determined by a random number generator, so the amount of the bet does not affect the likelihood of winning. However, higher bets can result in larger potential payouts if a winning combination is hit.
Slot machine odds are some of the worst, ranging from a one-in-5,000 to one-in-about-34-million chance of winning the top prize when using the maximum coin play.
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    A Daily Double bet can be high risk and high reward. The payouts can be huge if you can choose two winners that aren't favorites. You can mitigate risk by introducing wheel bets that allow you to include multiple selections in one or both of the races.
    The Martingale strategy involves doubling up on losing bets and reducing winning bets by half. It essentially a strategy that promotes a loss-averse mentality that tries to improve the odds of breaking even, but also increases the chances of severe and quick losses.
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                    Last updated 1/2018