Reasons Why You Lose Money Playing Casino Slots
Show me a slot player and I’ll show you a gambler who loses money. I know you might make a few bucks playing slots from time to time, but the odds are that you’re a losing slots player.
The only way for most slots gamblers to stop losing money to the machines is to stop playing on them. Beyond simple playing slots, there are a few other things that are increasing your losses.
Here are six reasons why you lose when you play slots for real money. With these six things you can learn how to change your results at least a little bit.
The Impossible Gambling Odds
When you’re gambling you should know as much about the odds as you can. This is true whether you’re playing slots or any other gambling game. The problem is that the odds aren’t always easy to decipher, find, and understand.
To help you I’m going to show you a few different ways to look at the odds and probabilities for gambling games.
Most people think of odds as something like 3 to 2 or 4 out of 52. 4 out of 52 is how many aces there are in a deck of cards compared to the total number of cards. 3 to 2 is what you get on your bet when you get a blackjack.
When you’re gambling it’s easier to look at odds when they’ve been converted to either a return to player percentage of a house edge.
The games with high return percentages or low house edges offer better odds. The return for slots is usually somewhere between 85% and 95%. These aren’t very good odds.
The fact is that the odds, no matter how you look at them, for slots are bad. You can get better odds playing a wide number of other gambling games. Your best bet is to stop playing slots and play a game with better odds.
You’re Betting Too Much Money
With the odds stacked against you when you play slots, the more money that you put in the machine the more you’re going to lose.
Slot machines work with a simple concept that guarantees that over time they make a profit for the casino. This simple concept is a built-in edge that the slot machine is programmed to create for the casino.
Each slot machine has a casino house edge, or percentage, that the program keeps from the bets that are placed on the machine. For example, if the machine is programmed to keep 8% of the money, this is exactly what the machine does.
In this case, it means that when you play $200 worth of spins the machine is going to keep $16. And if you bet more the machine is going to keep more.
You can bet too much when you play slots 2 ways. You’re going to learn more about the second way you bet too much in section 4 below.
In this section, you need to understand that you should risk the smallest amount possible when you play a slots game. The main way to do this is to play on slot machines that have a low cost to play. A machine that you can play for a quarter is better than a machine that costs $1 to play.
You Don’t Get Slots Casino Bonuses
Everyone who plays slots games has a budget. Some gamblers have a bigger budget and others have a smaller budget, but everyone has a limit to how much they can lose playing slots.
If you know what your slots budget is and how much the slot machine that you’re playing is programmed to keep you can get an idea of how long you can play before exhausting your budget.
For example, if you have a $200 budget to play slots and the machine is programmed to take $25 every hour you play you can play for around 8 hours. But what if you have $400 instead of $200? You can play for twice as long.
This is how mobile slots bonuses and online casino bonuses work. They give you a bigger bankroll so you can play slots longer.
Notice that I didn’t say that bonuses help you win. In most cases, slots bonuses don’t help you win. They just let you play longer.
The reason why a slots bonus doesn’t help you win is because the bonus has rules about how you clear the bonus. You have to do what the rules say, and the rules are designed to make you play for long enough that you lose the bonus before you clear the bonus.
You Play Slots Too Fast
I mentioned that there are two things that you do that make you risk more money than you need to when you play slots in section 2. In that section, you learned that playing on slot machines with bigger bets costs you money.
The second thing that you’re doing that costs you too much money when you play slots games is taking too many spins when you play. Every spin you take adds to the amount of money that you’re risking.
If you’re playing a slots game at $1 per spin and play 500 spins in an hour you’re risking $500. But if you play on a machine that has a .25 bet and you play 400 spins in an hour you’re only risking $100.
Looking at the example you saw earlier of a machine with a program to keep 8%, you lose $40 every hour when you risk $500, but only lose $8 an hour risking $100.
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