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Managing Money In Slots

In video poker, the “how” of playing is simply to play the best possible strategy that you can handle for the game you have selected. Select the right games, play the right strategies for those games, should be the mantra for all video poker players. Video poker is a game of skill and chance, but in the long run your skill is the determining factor in your success. Slot players have no control of the machine’s decisions whatsoever. Slots are pure chance. Thus, how you manage your money at the slots is the only variable in playing strategy. Do you play one coin, two or three or more? Do you set a win goal or a loss limit?

Savvy slot players know that in the long run the casino’s edge will win out, so the key to their playing strategy is to s-t-r-e-t-c-h that long run to make it as long as possible. They look for machines that have equal distribution, meaning that each extra coin merely increases the payout by that percentage (i.e., one coin = 100-coin payout; two coins = 200-coin payout; three coins = 300-coin payout). There is no added value or benefit to playing

more than one coin in such machines. You are merely putting through two or three times as much money for the house edge to work against. Play one coin and you can stretch your ability to last at the machines of this nature. Now that you can stretch your money, what do you do if you win some money? How do you know when it’s time to quit? This isn’t easy to answer. If you were to hit a nice jackpot on your very first spin but you had planned an evening in the casino, would you have gotten your full entertainment value by heading for the door? Probably not. In cases where you hit it big early, the best money-management advice is to take part of your win and all of the money you brought with you to play and lock all of it away. You don’t have to literally lock it away, but it should be put aside and not used for the rest of the night. Instead, play with the rest of the win and see if you can increase it. If you do, great. You get to go home a big winner. If you don’t, you’ve gotten your entertainment value and you’ve managed to bring home some money to boot. While no amount of money-management or machine-selection advice can turn a negative into a positive (the casino is going to have its edge), the tighter and tougher you play, the better will be your long term results. And that’s a sane way to approach the machines!

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