When you are playing in an online casino, some losses are inevitable. Even the best players end up losing every now and then. The key to having a good time is simply making sure you don’t lose too much. How can you reduce your losses with online slots? Follow these tips.
Make a Budget and Stick To It
One of the most important things to do is avoid getting into the cycle of thinking, “The next slot will be the win I need to make back my losses,” and continuing to bet long after you run out of money. To stay mentally and financially healthy, you need to remember that gambling is a pastime. Think of how much you can comfortably budget to spend on that pastime, and avoid using any more. Set a daily or weekly budget and only spend what you can afford. This helps keep you from losing more than you have.
Use Slot Machines at Reputable Casinos
Slots are one of the fastest ways to gamble online, so there are thousands of companies promoting slot machines. However, remember that not all slot games are equal. The random sketchy slot you found through an online ad might be one of the slots that always takes your money and never gives you a win. Meanwhile, another very similar looking slot from a good casino might have a higher rate of winning. Take the time to do a little research beforehand and make sure the casino has a reputation for favorable payout rates. The best casinos will have higher payouts because they want to encourage their customers to actually win.
Check the RTP on a Game Before Playing
In addition to researching the casino, try looking into the game itself. Remember that online slots are essentially just a program, and the win rate is coded into the game itself. Since avid players do a lot of research on games, you can easily check out a game before playing to see how often you might win. To do so, you need to look at the RTP. RTP stands for Return to Player, and it refers to the percentage of losses that you recover over time. A high RTP rate means the slots tend to give more frequent or larger payouts. Some options like the most popular jungle slots, Jackpot 6000, Mega Joker, and Rainbow Riches Pick n Mix tend to have particularly good RTP.
Don’t Double Down on Losses
Many gamblers like to use the Martingale system which recommends doubling a bet after a loss. In theory, this could let gamblers recover their losses after a bad bet. However, it’s important to remember that this only works in games where your chances of winning a bet are around 50/50. With all slots, including online slots, you aren’t likely to get a win on every other turn. So if you double your loss every time you bet, you’ll end up accumulating some major losses.
Take Breaks in Between Bets
This tip is more a psychological one instead of a mathematical one, but it can still help. Since slots is such a fast game, it’s tempting to constantly throw in money, click the button, and see what you get. This can easily pull you into a spiral of frustration if you repeatedly lose. And when you’re frustrated, you’re more likely to make bad decisions and lose money you cannot afford. If you feel this happening, try taking a deep breath and stepping away from the slots for a moment. This can help you be more logical and avoid losing more money than you can afford.
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