Have you encountered a time when you ran out of money on your visit to a casino and never felt satisfied with the slots you played? Are you constantly putting off playing online slots or slot machines because you are not sure if your funds are just not enough? In this article, we help know how much you should bring to a casino as well as how you can get the most on your slots money.
Factors That Determines Your Slot Bankroll
A good rule of thumb on how much money you are going to spend for slots is to consider three factors.
Cost of Bets Per Hour
Think about the slots you plan to spend most of your time with and how much money had left after playing it for a significantly long period. Did you burn $100 in less than an hour or did you get enough spins to last for more than two hours?
If you have yet to play any slot games, consider playing any online free slots of a game that intrigues you for two hours. Note down how much credit you spent during that time and raise it by half of the amount, which is equal to the ideal slot money to spend on your favorite game. For brick & mortar casinos, your best source of info is long-time patrons who can tell you how much it costs to play physical slot machines.
Based on the average amount a typical casino visitor spends per year, about $50-$100 is enough. Adults Americans spend approximately $261 each year on lottery or gambling games.
Slot Volatility and RTP
With the focus on Las Vegas casino slots or online ones, it pays to know about a game's volatility and RTP rate. Volatility indicates the risk associated with the game where low volatile ones tend to give plenty of wings with fewer payouts while high volatility slots are low winning high paying. Another data to consider is the RTP of a slot, which is the edge players have against the house.
Expect to lose a significant amount of your slots money in a short period if you plan to play high volatility slots with a low RTP. On the other hand, high RTP-low volatile slots let you stretch out your total balance for a long time.
What is your objective when you are visiting any casino? Double your initial bankroll? Looking to kill time before a convention or event starts? Do you just want to enjoy your favorite slot regardless of how much time you spent on it?
Having a goal in mind can help you find the right slots money amount to bring with you. If you are looking to get a large payout, it pays to bring as much disposable cash as possible. For a casual experience, you just need to set aside about 10% to 25% of your travel budget to enjoy any slot games.
Maximizing Your Slot Money
Once you have your budget all set, it comes down to how you can get the most out of your slot money. Here are some of the strategies you can fully enjoy your casino experience.
Avoid Borrowing Money for Gambling
Chances are very high that you will lose your bankroll after playing for a certain period. You do not want to double the frustration of your loss by having to see those losses on your credit card bill. Fortunately, slots only accept paper money. This limitation can act as a deterrent for people who may not control their spending in casinos.
It is a good idea to set aside cash for your slots money when you visit a casino. When it comes to online casino slots, use a debit card or pre-paid card instead of your credit card.
Put Aside Half of Your Winnings
Did you get a major payout from a physical or no-download online slots game? Consider setting aside half of that winning and continue playing. Players often do not consider that any big winning is just more ammunition to get more.
Unfortunately, slots are likely not to be generous even after spinning its reels several times. By taking home at least half of your winnings, you can still enjoy the fruits of that lucky spin.
Take Advantage of Free Slots
If your goal is just to kill time or play your favorite game as much as possible, free online slots are the way to go. You can find them on nearly every online gambling site as well as review sites.
While free games may not have the same thrill as real money slots, they provide just enough distraction to get you through a long wait or help you save your winnings.
Look for Deposit Bonuses and Free Spins
Be on the lookout for online slots bonuses or physical casino bonuses. These promotions tend to be bonus money based on your deposit amount or free spins to qualified slot games. Physical casinos may have slot tournaments that offer incredible cash prizes.
Taking advantage of available promotions lets you stretch out your slots money when playing in any online or physical casinos.
Set your Loss and Profit Limit
One of the most common quotes you hear from players is "I should have quit while I was ahead". Would it not be frustrating to have doubled your initial slots money, only to lose all of it after several spins?
It pays to set a limit on your losses and profit before hitting the casino floor, helping you avoid coming home with regrets.
Do Not Chase Your Losses
If you went through your entire slots money budget after several spins, avoid attempting to win it back by using part of your travel funds or borrowing money. Losing more money by chasing your losses will just make you more frustrated.
Always remember that your slot money budget is just for entertainment, not a way to make money.
Knowing your target slot bankroll, volatility, and RTP as well as your primary goal can help you determine how much slot money to set aside. Using our methods on maximizing your budget can also help you get a positive slot experience.
This article was published on April 16, 2021, and last updated on November 14, 2022.