Money management is an important feature of effective gambling. When you come to the casino to try your luck at slots, you should come with a plan. Even if you are not lucky on that particular day, your plan should help get the maximum amount of play possible and keep losses to a manageable level.
Basic Slots Money Management
KNOWING YOUR BANKROLL NEEDS IN SLOTS
The first step in slots money management is understanding how much money you need in your bankroll for an enjoyable slots experience. Slot machines have varying payback rates, usually ranging from 75 percent at the low end to 99 percent at the high.
Clearly, you want as high a payback as possible and the average payback is around 90 percent. This means you can expect to lose ten cents for every dollar you put in a slot machine, or ten dollars for every hundred dollars you wager. This is not an exact account — it is simply what you can expect over time.
CALCULATING YOUR BANKROLL IN SLOTS
You now need to figure out how much you wager in an hour. If you wager an average of $100 an hour, a bankroll of $200 should keep you in play for five or ten hours, even if you should hit a streak of bad luck. If you wager $2,000 an hour, you will need considerably more.
NOTES ON SLOT MONEY MANAGEMENT
It isn’t necessary to expect to lose the entire portion of your slots bankroll. In fact, hopefully you will win. However, the goal is to provide yourself with enough money to keep you entertained and playing until you have the opportunity to replenish that bankroll.