With casino games, often the more random and unpredictable the game the more myths and superstitions there are surrounding the game. For no game is that truer than for slots where myths abound. Most of these myths have to do with quick and easy ways to strike it lucky. A new player would be wise to start by debunking slot machine myths.
Players who have a good understanding of slot machine strategies will know that since the only thing you can control when it comes to these particular games is your bankroll your best strategy is learning how to effectively manage bankroll. That’s really the only thing a player can do to ensure they save face and a dollar or two along the way.
Bankroll management is part of being a responsible gambler. With slots it’s particularly important to pace yourself and make your money last as long as possible. The idea is that one will eventually hit the jackpot and players just need to make sure they don’t run out of money before then. Bankroll management is not about helping a player win. It’s about creating responsible gamblers who think strategically and thoughtfully about how they are using their money.
There are several bankroll management systems out there. When you get the hang of one or two systems you’ll find something that not only suits your pocket but your playing style too. And who knows, maybe you’ll devise your own bankroll management system.
It’s important to remember that bankroll management isn’t right or wrong. There isn’t really a strategy like one would use when playing blackjack. With bankroll management and slots in general, players need to find a playing style that suits them. Below we outline some of the main bankroll management systems. Feel free to pick and choose and create something that is uniquely you.
The Martingale System
This is a system which was created for random games with unpredictable outcomes such as slots and roulette. The idea behind the system is that a player should double a bet if the player lost on a previous bet and conversely, should reduce a bet if the player won on a previous bet. This system relies on mathematic probability and the idea that if a player lost they are more likely to win in following rounds while if a player won they will in all likelihood lose.
This system may seem very logical but it can end up costing a player tons. Players need to keep in mind that due to random number generators, every round on a slot machine is unique and in no way connected with previous rounds. That makes this not only a risky system but a potentially expensive one which requires limitless bankroll. The same can be said about applying this strategy to games like craps or roulette. The system doesn’t increase one’s odds of winning and can cost a player ten times more than they intended on betting. So for new or emotional players, it’s best to stay away from this system.
The Anti-Martingale System
As the name of this system suggests, with this system one does the exact opposite of what one would do with the Martingale System. This means that a player would increase their bets if they won in the previous round and decrease their bets if they lost in the previous round. This system is attempting to take advantage of what are known as hot and cold streaks.
While this too may seem to have some merit to it, there is no logical basis for such thinking. With games like slots one cannot have a hot or cold streak as the game is simply preprogrammed for random unpredictability. Just like with the Martingale System, this is not the best choice of bankroll management systems for inexperienced players.
Bankroll Slot Machine Strategy
This system is a great way of controlling your bankroll and ensuring you stretch your money for as many rounds as it can possibly last. With this system, a player keeps close watch on one’s bankroll and bases one’s decisions on whether it has increased or decreased.
Once a player has reduced his/her initial bankroll to half, the player should start playing with lower denominations. Every time the player’s bankroll halves, the player will once again play for less. If however, a player manages to win and has increased his/her bankroll the player can start playing with higher denominations. This systems rewards players who do well and attempts to manage a player’s bankroll so that the player can get the most out of each dollar.
The Bucket System
The Bucket System is about dividing your bankroll in such a way that you are forced to divide your play among different machines. This is a simple system that’s easy to implement and will ensure one doesn’t spend too much time on one machine. What a player will do is divide the bankroll into quarters. One of the quarters will be used to play at one slot machine and the rest of the bankroll will be placed in a bucket. Any winnings will then be placed in a second bucket. Once a player has spent the first quarter, the player moves on to the second machine. A player repeats this, placing winnings in the second bucket, until all the bankroll is spent.
The Credit Meter System
This system relies on monitoring and using the credit meter as a guideline. One decides on a high and a low for the credit meter once one has deposited an initial bet. For example, on a deposit of $10, one might set the high limit to $15 and a low to a limit of $5. One would base this on how much one is willing to lose. If the machine hits one of these limits, a player will know that it’s time to cash out.
As you will soon discover, there are many different bankroll management systems out there. It’s important to remember bankroll management when playing slots. The trick is to find one that isn’t too complicated and helps you use your bankroll in the most efficient way possible. You’ll probably need to play around a bit to find the system that’s right for you.
If you’re ready to put your bankroll management system to the test, be sure to head over to Spin Palace Casino for some not to be missed slots.