How Much Cash Should I Bring to Play Slot Games?
Except money grows on trees in your house, you would have to decide how much you want to take to a casino (online or physical). To make a better-informed decision, there are certain factors that you should consider to maximize your payout. In this article, I discuss these factors as well as how to maximize the money you decide to stake.
Four Factors that Determine Your Slot Money
When determining how much money you should have to play slots, there are three main factors that you should consider. They are slot variance, RTP, your goals, and bet cost per hour. Let’s break them down below:
- Slot Variance: The variance or volatility of a slot game is one of the most vital pieces of information you should acquire before you determine how much money you want to wager with. The volatility of a slot indicates the risk that it is associated with. Low volatile games allow you to win more often but the payouts are minimal. High volatile games, on the other hand, allow you to win less often, but the payouts are very high.
- RTP: RTP or return-to-player rate is data that indicates the value of the edge that players have against the house. It is a measure of how much of your stake you can get back after playing over a reasonable period. If an RTP of a game is 95%, it means if you play for a considerable amount of time, you can get back €95 if you bet with €100. So if you plan on playing a high variance slot that has a low RTP, you will blow your money in a short period. However, if you choose a low volatile and high RTP slot, you can play for a long time before finishing your cash.
- Your Goals: What do you plan to achieve by visiting that online slot? Do you want to double your money? Or do you just want to entertain yourself with the game? Having a clear objective can help you determine the correct slot bankroll to play with. If your aim is to cash out a huge amount of money, then you should approach it like a business and go in with as much cash as you are willing to invest. If you just want to casually play, just set aside some little change for the experience.
- Bet Cost Per Hour: You need to know how much a slot game costs per hour. Think of any slot you have played and how much cash you had left after spinning the reels for a considerable amount of time. Did the game consume €100 within an hour, or were you able to keep playing with that amount of money for over two hours? If you’re new to slots, try and test the waters with free online slot games for about two hours. Take note of how much credit you used up within that time frame. Raise that noted credit by half of the amount – this calculation will give you the ideal amount of money to bet on your chosen slot.
How to Maximize Your Slot Money
Once you have been able to determine how much you want to play your favorite slot with, the next thing that should be on your mind is how to effectively utilize the cash. Below are some strategies you can employ to get the most out of the money you want to play with.
- Set Half of Your Winnings Aside: So you had a lucky stroke, and you won a major pay. What should you do? Try to put aside half of that payout and keep playing. Most times, bettors do not realize that huge wins can be used to get more wins. However, you should understand that slots tend to be tighter after spinning their reels many times. So even if you do not win after that big initial strike, you can still walk away with half of the win.
- Do not Borrow Money to Gamble: Winning at slots is not always guaranteed, and there are some times that you will lose your money to the one-armed bandit. The feeling of the loss will be even more frustrating if the loss reflects on your credit card bill. Remember to always bet with only what you are comfortable with losing and avoid using a credit card to play online slots – use other payment methods like an online wallet, prepaid card, or a debit card instead.
- Try Free Slots: Although free online slots may not provide the thrill of using real money to bet, these non-cash games prove quite entertaining as well. So if your gaming objective is to just kill time while traveling or you just can’t get enough of your favorite slot game, you should consider playing for free. That way, you can save your bankroll or any initial winnings you made.
In addition to the above three, you should also take advantage of bonuses and free spins; set profit and loss limits, and avoid trying to chase your losses.
Conclusion
I hope you are now better informed on how to determine how much you should take to the slots. Remember to not bite more than you can chew – so don’t bet with more than you can afford to lose.