Regardless of your choice of the favourite casino game, the importance of bankroll management strategy simply cannot be overstated. This is particularly true for online slots which can be very volatile at times and the game speed is often such that you can see a hundred or more spins in a matter of minutes. For a serious slots player, it is very important to figure out the size of his bankroll, i.e. the amount of money he can set aside for the game and make his plans accordingly. The size of your bankroll will determine many things, like how high you can play per spin and if you should play progressive slots or stay away from them completely.
Slots Bankroll Management Emergency Guide
- A good bankroll management strategy is essential for any serious slots player.
- The size of your bankroll determines your maximum bet and the types of slots you can play.
- A good rule of thumb is to have at least 500 bets for the game of your choice.
- Higher volatility slots, like progressives, will usually require a bigger bankroll, both in terms of currency and the number of bets.
Our Rating
Good 8/10
Additional Strategies
- Martingale Strategy
- Fibonacci Strategy
- Setting Your Win Limits Strategy
- Bonus Hunting Strategy
- Dozen Grid Strategy
- Money Management Strategy
- Paroli Strategy
- Jackpot Hunting Strategy
- Vary Your Bets Strategy
- Bankroll Management Strategy
- Double down Strategy
- Play as Many Cards Strategy
- Trend Betting Strategy
- Fewer Players Strategy
Bankroll Management for Slots
Crunching the Numbers
The very first step in the bankroll management system is determining the amount of money you have available. This is the foundation upon which you can further elaborate your strategy for particular slots or types of slots. Some players can comfortably put aside £10,000 or more as their bankroll, while others will only be able to come up with a few hundred. This will make a significant difference in your planning.
Bankroll Management by Example
Figuring Out the Essentials
Although there are no fast and steady rules when it comes to slots bankroll management strategy, there are some tips & tricks that should generally help you protect your money and give you the best possible odds.
The first thing to consider is the size of your bet per spin. I believe that a bare minimum to start playing with is 200 bets, although this is pretty low and there is a very high and realistic RoR (risk of ruin). So, for example, if you have £200 to play with, you should never bet more than £1 per spin, although you would do yourself a service to cut that in half and play with 400 bets. Of course, the bigger the bankroll, the lesser the chance you will go bust. Having 500 bets in your bankroll should give you a decent shot while anything above that is somewhat conservative bankroll management (not that there is anything wrong with that, of course).
The absolute size of your bankroll will also determine what kind of slots you can play. Since progressive slots usually favour players who play the maximum bet, this is something to keep in mind when figuring out just how much money you need. If you only have a few hundred to play with, you should probably avoid both progressive and classic slots, as these are usually very volatile, and stick to video slots.
The reason video slots are great for players with smaller bankrolls resides with the fact that these machines oftentimes offer many bonus features and special games in addition to numerous pay lines, so your bankroll will last longer, giving you more time to chase down a big win or two.
You could, for example, start by playing a slot like Piggy Riches. This NetEnt game is fairly enjoyable and it can be played for as low as £0.15 per spin. The free spins bonus, combined with a generous payback percentage, would make this game a great choice for anyone starting out with a low bankroll.
Summary
- At least 200 Bets
- Size of Bankroll definitely playable games
- Video slots let the bankroll last longer
Bankroll Management
Pros & Cons
When discussing bankroll management as a part of slots strategy, the upsides are quite obvious without any particular explanations. Being in control of your available money will give you an opportunity to play longer and only play slots that you can actually afford. By doing this, you not only increase your odds of winning but also avoid other problems like spending money that you were not planning to spend on slots.
There are no real downsides to the bankroll management strategy, as it can never be a bad thing to be smart with your money. If we were to stretch things, one could say that this strategy prevents you from hitting a big win by placing bets that you have no real business placing. Every now and then, someone starts betting £50 a spin with £500 bankroll and wins big. These are rare occurrences, however, and more often than not, these attempts end in frustration and depositing more funds to chase the losses.
Players who do have a bigger bankroll to work with should probably spread it over several casinos to both make sticking to these guidelines easier and take advantage of different perks offered by various casinos. For the selection of the best places, you can trust with your money, visit our online casino comparison guide.
Pros
- Lets you play in your comfort zone
- Increases your chances of winning in the long run
- Saves you from spending money that you had no intention of spending
Cons
- It stops you from gambling too much if this can be called a con.
- Bankroll management does protect you but also limits your potential wins.
Chances and Risks
What Does the Bankroll Management Strategy Slots Do for You?
For whom is that strategy suitable?
Sticking to a strict and well-thought-out slots bankroll management system will give you a lot more chances to win. It will stop you from running through your bankroll playing a game that plays too high or is too volatile for your current bankroll. Adhering to the tips listed in this article is guaranteed to make your gaming experience much more enjoyable unless you really have unlimited resources.
Many players view playing slots primarily as a fun activity and it will be much more fun if you don’t go bust within the first hour of depositing. This happens all too often, especially with less experienced players, who tend to go nuts without observing any rules for handling their slots money.
Of course, when calculating the size of your bankroll, you should always count in the bonuses. This is one of the often-overlooked tips, as many players seem to think that bonuses are somehow evil and casinos only offer them to trick you. This may well be true for some shady places, but offers listed in our casino bonus comparison guide have been tested and vetted and you can be certain these are exactly what they claim to be.
- 64% Beginner
- 73% Advanced
- 80% Pros
How high is the risk?
As for the risks, the whole idea of bankroll management revolves around reducing risks as much as humanly possible. This strategy is not about playing some hidden tricks to bring you money quickly but rather about maintaining a healthy bankroll to keep you in the game for as long as possible and save you from a lot of unnecessary frustration and impulsive spending.
The only constant danger connected with this system is the fact that it is all too easy to just forget about it during bad runs and go wild trying to get lucky. Unfortunately, most of us are not immune to it, so here are a few extra tricks that can help you stay in control:
Don’t put your entire bankroll in a slot – those few extra seconds that will take you to reload after you bust can make a difference between wising up and running your roll into the ground.
Are wins guaranteed?
Alternate between auto-spin feature and manual play. This way you will have a better sense of control and will have more fun playing. Staying in the moment is essential for proper bankroll management.
Try to cash out any extra money as often as possible. That way you will always know exactly where your bankroll is at and won’t be as likely to get carried away with your bet sizes.
Conclusion
Is Bankroll Management Worth the Bother?
Even if it sometimes may seem like a buzz-kill and you might feel restricted by it, a good bankroll management strategy for slots is not only worth it but is essential for your success. If you don’t have strict guidelines, there is nothing preventing you from just going crazy at any point during play and running through your entire bankroll within minutes. Anyone who has played online slots knows that they are not really forgiving.
If you have limited resources (like most of us) and want to play for more than one day, you absolutely need good bankroll management. Use tips from this article to come up with your numbers and, once you do, don’t deviate from them at any cost.
Highlights
- Regardless of how experienced you are, good bankroll management is always useful.
- Setting up good bankroll limits will give you more chances at a big win and will increase your overall enjoyment.
Tips/Hints
- Tailor the size of your bets and the type of games you play according to the total amount at your disposal.
- The bankroll management strategy helps to prevent you from spending money that you did not plan on spending.