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Slot Money Management

online slot machine money management

How do you win on a slot machine? Most people think that you should especially smile sweetly at Lady Luck. Reality is different. If you are on a slot machine money management is an important, not to be underestimated aspect of effective gambling. Any seasoned gambler will nod in agreement when we tell you that you can give luck a helping hand with a plan of action and a clear goal, which you will of course also stick to yourself. The practice is simple: those who play a slot machine do not earn their money solely on the basis of luck. 

Know your bankroll needs on a slot machine

We assume that you have enough money and that you are ready to win big. But is that enough to get the job done? Now if you nod your head contentedly and think so, just walk over to your fridge, grab a drink and sit back. Because then we have to talk. The first step in managing your money in a slot machine is simple. Try to figure out how much money you need to put into your bankroll to have a fun slot machine experience. Once you know what that amount is, hold on to that! In practice, this means that once you have decided how much money to spend during a gaming session, whether you are winning or losing, you will walk away from the slot machine the moment you spend the pre-agreed amount. Nothing less, and certainly nothing more. A common mistake of gamblers is that they believe their luck will miraculously return the moment they put down a bad streak. Let's be honest. This almost never happens. Moreover, such decisions are a recipe for bad luck, which will make you go broke very quickly. Essentially, money management on a slot machine is about learning to control your emotions and actions. Try to avoid being a player who lets euphoria at a win or despair at a loss prevail. It always ends wrong when you make decisions purely on emotion. You must set a goal to always maintain complete control over your actions. Perhaps the most important thing we would like to give you: never gamble with money that you actually do not want to spend or can lose. This actually speaks for itself.

Once you have determined the amount you are going to gamble for, another important point follows: finding the right slot machine. The payout ratio of slots is normally between 75 percent and 99 percent. Of course you want to have as much chance as possible of a nice payout. It is therefore good to remember that the payout ratio is on average around 90 percent. This means that you can assume that you lose ten cents for every euro spent, or 10 euros for every 100 euros. This is not an exact amount, it is only an indication of what you can expect in the long term. That said, it is very important that you check every slot machine for the payout percentages. No slot machine is the same! We probably don't need to point out that you should always read the fine print. Especially in the casino login world, this can make the difference between winning or losing.

Calculate your bankroll for the slot machine

Once you know how much money you are going to spend and which machine you are going to spend it on, let's move on to the next part of slot money management. Ask yourself how much you are willing to spend in an hour. Why an hour? Simple, an hour is long enough to get to know the slot machine. In addition, you do not lose sight of the time if you keep an hour of playing time. You also keep track of your profit or loss if you make a small stop every hour. If you gamble with an average of 100 euros per hour, a bankroll of 200 euros is sufficient to be able to play for five to ten hours, in good and bad times. You obviously need more money if you are the type of player who can blow through it for about 2,000 euros in an hour.

Set aside your winnings

Various studies have shown that when you eat in front of the TV, you work inward more than when you sit at the dining table. Because you are not fully focused on what you are doing, in this case eating. We hear you think: what does this information have to do with gambling? Everything! Don't mindlessly spend your hard-earned money. Once you've gotten to the point where you've made a nice amount of money behind a slot machine, do yourself a favor and don't throw everything straight back into that same slot machine. Keep a percentage of your winnings separate from your play money and then stay away from it. Otherwise, you end up just like the people who eat in front of the TV. Before you know it, you have wasted a stack of euro notes without even realizing it. If you keep your winnings separate you ensure that you have a good overview of your playing behavior and winnings. As a result, you will find out quickly enough when a slot machine does not meet your expectations. When you decide in advance how much money to keep and how much to throw back in the machine, you will rarely return home without money in your pockets. One of the biggest mistakes even the most experienced gamblers make time and time again when it comes to slot money management is after a great win, just keep playing with the money they've won. Usually this is a futile attempt to make up for previous losses. The painful result is often that they also forfeit their winnings, leaving them empty-handed. We give you an example that you can put into practice today. Suppose you win 1,000 euros. Continue playing with 10 percent, which equates to 100 euros. If you win again, you play again with 10 percent. In the unlikely event that you don't win anything with your first 100 euros, you can at least go home with the nice amount of 900 euros.

Play slower

Playing unfocused and without commitment can have major consequences. Then you lose considerable amounts. But there are other risks too. Like playing too fast. That too can have unpleasant consequences for your bankroll. The reality is that the casino login has an advantage over you as a player. Regardless of the slot machine. The faster and longer you play, the more money you will lose in the long run. You can slow down this process by playing slower. If you make it a habit to play more slowly at all casino logins, chances are you will make better decisions. An informed decision is always better than a hasty decision.

How should players put this advice into practice? One way to do this is to play with one coin at a time, instead of three coins per round. Only do this on slots that pay out properly. Of course you can omit this tactic on slots with a relatively higher payout percentage, especially when it comes to the maximum coin jackpot. If a slot machine pays out 100 coins for 1 coin, 200 coins for 2 coins, but 500 coins, not 300 coins, for 3 coins, you will be penalized with a lower payout if you choose to play with less than the maximum number of coins. play. Another method you can use is to take breaks after each round. On average, bettors play 600 or more rounds per hour with ease. If you manage to reduce this number to a respectable 400 rounds of play, you reduce the risk of loss by no less than 33%. You get more playing time this way, with the same bankroll.

Slot money management, it is for everyone!

We hope this page has taught you something about how to manage your money the next time you get behind a slot machine and hunt for resounding euro coins. Know that it doesn't take anything to lose your entire bankroll to a slot machine. If you take our expert advice to heart and put it into practice, you will significantly increase your chances of a good profit. And not only that! Even if you unexpectedly do not have the most successful session, and the money is not constantly being spent slot machine rattles, our tips should still allow you to have at least a nice evening or afternoon at the online casino login. Taking the time to memorize our tips for money management behind a slot will ensure you keep enough money in your pockets to have fun until the chance arises that you can top up your bankroll.!

Frequently asked questions about Slot Money Management

With the right strategy and strong slot money management it is possible to win money here and there. It is certainly difficult, since the house advantage can be enormous. Fortunately, there will certainly be times when you are on a profit for a while, pay close attention and make use of this!

An online slot machine pays out the most by far! For example, there are online slots with 96% RTP, where casino logins such as Holland casino login and other gambling halls are often below 90%. Much more chance of winning with an online slot machine!

Make sure you stick to your money limits. This way you can never spend more than you initially want. Lowering your bet also works well, start small and only as soon as you are in the plus can you throw that up.