Online Slots are one of the most played games in online casinos and there are a couple of reasons for that. First of all, online slots are simple to understand to play and do not require any kind of skill. Secondly, online slots offer life-changing prizes that can be very tempting. Lastly, there are thousands of online slots available nowadays at online casinos, each played differently making them really fun to play.
However, since online slots are games based on chance and you cannot influence the amount of money you can win, most professional players on this site and others tend to create a budget strategy just to keep them on track.
Creating a budget strategy when playing online slots is really important, especially if you want to end up winning some money. Here are a couple of ways you can manage your bankroll.
Choose a Budget and Stick to It
The first thing that professional players recommend is creating a budget or the amount of money they intend to use playing slots. Remember you have to invest only what you can afford to lose, which means that this budget should not be big enough which makes you uncomfortable.
In other words, your monthly budget for slot games should consist of funds you are comfortable spending or potentially losing. There should be clear limits on your bankroll and you should not go over it no matter what.
Choose Coin Value
When it comes to playing slots, choosing the coin value is very important. The coin value is the amount of money used per spin. This means that you should choose a sensible coin value not to exhaust your budget and blow it out in a few spins.
Most professional slot players choose to invest a small percentage of their entire budget per bet and it is lower than 1%. A rule of thumb is that the higher the stake is, the larger the payback percentage will be.
Choosing a smaller bet is safer and less rewarding which makes it perfect as a long-term strategy.
Set Win / Loss Limits
Another really important thing is to set limits to the amount of money you can afford to lose (per day) and the goal of how much money you’ll like to win. Since slot games are very tempting, it is really important to know when to stop.
Setting win and loss limits will help you stick to your budget strategy and play safer without losing more money. In other words, before playing slots you should choose how much money you’ll like to walk away and if you manage to hit that goal, you should stop playing immediately.
Most professionals recommend setting a win limit 60% higher from your starting bankroll.
Play at a Slow Pace
Most slot games are designed to lure you in at a high pace by increasing the reward which is really bad when it comes to managing your budget. You should always play slots at a slow pace and keep track of your budget and return on investment.
This can help you increase your gaming session without increasing the size of your bankroll.
Choose the “Naked Pulls” Approach
In the slot dictionary, reel spins that are giving no returns are referred to as “naked pulls”. Professional players adopt the “naked pulls” strategy and apply it to their playstyle. When a player experiences a few losing sessions in a row, this is interpreted as a signal to stop playing and close the betting session.
Chasing losses is the worst thing you can do when playing slots, which in most cases ends up digging a deeper hole in your budget. That’s why it is important to know when to stand up, end the betting session. Losing a few spins in a row is the perfect signal to try your luck later on or the next day. That way you’ll maintain a steady budget and avoid risking losing more money.