When playing slots, having a sound money management system can ensure that you’re not wasting your valuable funds and you’re making the right decisions at the right times as you play. Adding funds to your account and playing slots is simple, but managing your money is the safest way to play online. In fact, money management is the key to success when playing slots.
In order to make the most out of your money, here are the top money management tips for avid slot players.
Set your bankroll before you play
Regardless of whether you play slots for real money in an offline or online casino, give due thoughts to your stakes for the day. If you can afford to risk £100 for the day, for instance, then limit your online buy-in to no more than £100, or take no more than £100 in gambling money to a land-based casino.
Once you’ve set the bankroll for the day, it’s important to stick to it. If you’ve set your bankroll at £100 and lose it all, that’s it. Don’t tap on other funds and call it a day.
An important aspect of a sound bankroll money management system is to never bet money you can’t afford to lose. You want your gambling funds to come from an entertainment budget, not from the money needed to pay bills, mortgage or any other necessities of life.
Build up your bankroll
When playing slots online, it’s important that you build up your bankroll at all times. In order to do this, you must continue betting on the minimum amount. This will allow you to effectively build your bankroll, and thus you can also increase your bet amount overtime. It might seem unattractive, but this is a popular money management strategy that enables players to effectively manage their money. Also, you can use other money management strategies such as Martingale and Paroli, where you double your bets at different stages of the game in an attempt to capitalize on your winnings.
Set aside your winnings
Setting aside your winnings will help ensure that your budget for the day lasts longer. Many high-rollers keep a percentage of what they’ve won aside, which helps them differentiate what they do and don’t want to play with. While it can be tempting to spend your winnings instantaneously, preserving your winnings will help you determine how much you’ve won when compared to the amount you’ve bet.
The play through once method
If you want to ensure that you can leave the casino feeling fully satisfied, the play through once method is a perfect choice. The play through once method will ensure that you don’t waste your winnings in an attempt to win even more. All you need to do is decide how much money you want to bet, and play through the slot once – and only once. However, if you happen to win and want to optimize your payouts, you can always opt to spin again.