Money Management Tips for playing Slot Machine Online or Offline

MMoney Management Tips for playing Slot Machine Online or Offline

It is quite beneficial for a player to put into place some well-thought-out money management and staking strategies when playing their favourite slot games. At the end of the day, playing slot machines in a real money playing environment is quite mesmerizing, and as such if you do not keep a sound and level head when playing, you may end up losing much more money than you may have initially set aside to play slot machines with. Therefore, it is actively encouraging for players to read through this following guide which will give you a full and very deep insight into the best slot game money management tips that you can adopt and put into use when you do play slot machines either in a land-based casino, online or via a mobile casino app for real money.

Managing your money when playing the slots is a cornerstone of smart play. A slot player can fall into these pitfalls if he does not take money management seriously.

  • Playing non-stop until you manage to lose your entire bankroll.
  • Playing with money that you can not afford to lose.
  • Getting a nice gain and then losing it all back.
  • Losing your allotted bankroll then borrowing more money to win it back.
  • Playing dollar machines with a short bankroll.
  • Getting greedy and playing your winnings on a higher denomination machine to win more, faster.

As long as you always have in place a solid and very well throughout slot playing strategy and money management system and are prepared to stick to it then you will always know when to stop playing and lock in a winning profit too or at the very least limit your losses to a reasonable and predetermined amount. You can have plenty of fun and play positively if you follow these mentioned money management tips.

  • Setting aside an affordable bankroll
  • Utilizing low-cost payment options
  • Setting your stakes according to your bankroll
  • Ensuring that you have a strict loss limit
  • Selecting a reasonable winning goal
  • Considering using promotional offers and deals

Play with money you can afford to lose

Most slot players never give much thought as to how much money they should take with them to play. First and foremost, you should never go to the casinos with money that you cannot afford to lose financially and emotionally. You should never gamble with money you need to pay bills or other necessities. You need to ensure though that you remove any temptation to continue playing when you have exhausted your bankroll, as you could end up losing way more than you have intended when playing slot games. So keep that fact at the forefront of your mind and only ever play with money that you can afford to lose.

Divide your bankroll by the number of playing sessions.

You must divide your bankroll by the number of playing sessions to protect yourself from losing it all in one session. Suppose you have a $600 bankroll and you plan on playing three sessions. That leaves you with $200 bankroll per session. The key concept is to restrict your losses to an affordable amount. If the worst happens and you lose $200, you still have $400 left to try your luck again.

Staking each spin to perfection

The amount you wager per spin when playing slot machines is important, but always keep in mind that the lower you wager per spin based on your bankroll the more spins and playtime you will then get out of your bankroll.

Loss limits and winning goals

Try not to lose your entire bankroll when playing slot machines, always have a loss limit in mind and if things do not go your way when playing slots and by having a loss limit you will never lose more than you have initially intended to do. By getting into the habit of stopping playing once you have reached your decided winning goal you will have more winning sessions over the long term, and many players simply continue playing once they have won and risk losing back their winnings by doing so. Suppose you begin a playing session with a $100 bankroll. Set a goal of winning $30 (30% of your session). If luck is on your side and your bankroll reaches the $130 goal, then increase your win goal to $160. As long as you keep winning, you incrementally keep increasing your win goal to a higher level. Sooner or later your luck will run out. When this happens and your bankroll drops below the last winning goal that you exceeded and that is your signal to quit with your profits intact.

Reference

As mentioned above it really can be beneficial for you to make an active point of choosing a low cost and fee-free way to both deposit and make a withdrawal from any casino account you may hold. With that in mind do consider using a debit card that is linked up to a bank account, as by doing so you will find there are rarely any fees or charges of using a debit card when either funding your casino account over and above the deposited amount, and cash out and withdrawals are often free too.

Protect your winnings

The worst thing you can do when you play the slot machines is to dump your winnings back into the machine until you end up losing it all. You must protect your winnings. The easiest way to accomplish this is to set win goals. 

Slow down your play

Unfortunately, no matter which slot machine you play the casino has the edge. This means the faster and the longer you play, the more you will lose over the long run. You can slow down your loss rate if you play slower. One way to slow down your play is to just pause between plays. Players who pound the spin button at a rapid pace can easily get 600 or more plays per hour. By slowing down to 400 plays per hour, you will be cutting your loss rate by 33%.

Depositing and withdrawal options

When playing online or when using one of the state-of-the-art mobile casino apps, you will often find plenty of different deposit and withdrawal options are available to you, but some of them will see you incurring additional fees. Therefore make sure that the ones you select have no additional charges attached to using them, and when playing in a land-based casino never use an ATM to access your bankroll if there are high fees for using them, as that way you will never lose any of the value of your bankroll to those pesky charges. 

Bankroll boosting opportunities

One final thing to be aware of is that if you are offered any casino bonuses or additional promotional offers and deals there will always be terms and conditions that you must agree to and adhere too, so always read through them to determine if they are worth claiming or not, as not all bonuses and promotional deals offer slot players the maximum playing value. You can always use your slot card to benefit from cash rebates that can be used to supplement your playing bankroll. Many casinos also offer their players free access to enter slot tournaments and other slot playing competitions, and if those tournaments and/or competitions offer real money prizes then with no entry fee required they are a great way to play real money slot machines at no risk but have the very real chance of winning some real money prizes, of course, so do consider entering some of them.

Final words

Slot machines are one of the most popular casino games both online and offline. They are one of the most sought after games because they are easy and hassle-free to play. But they can be very risky if you do not keep an eye on your bankroll as well. Playing the slots is fun and you can maximize your playing time and maybe, with a little luck, end up with some gain. The key is to have a money management plan and to stick with it.

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Summary

Name: Money Management Tips for playing Slot Machine Online or Offline

Posted On: 20/06/2020

Author: Darren Henley