Slot machines may seem like simple games of chance where wins and losses are determined by lady luck alone. However, by following some basic bankroll management principles, you can stretch your playing budget, reduce variance and ensure that one bad run doesn’t wipe out your entire allotted slot bankroll.
Set a Slot Bankroll Budget
The foundation of any good slot bankroll plan at RocketPlay or other casino is deciding how much money you can afford to potentially lose playing slots over a certain timeframe. Your slot bankroll should be considered the “entertainment budget” you set aside specifically for slot play alone. Common bankroll timeframes include:
- Per trip to a land-based casino
- Per month for online slot play
- Per year as part of the yearly gambling budget
Experts often recommend setting your slot bankroll at 1-5% of your total disposable income after all necessities are covered. However, even $50 to $100 can give you several hours of slot play if managed correctly.
Only Play Slots You Can Afford
Once your allotted bankroll is set, divide that full amount by the number of planned slot sessions in that timeframe. This gives you the maximum affordability level per session.
Then when playing, only wager per spin what your bankroll can withstand. As a general rule of thumb:
- The minimum slot bet should be no less than 1% of your session bankroll
- Maximum per spin should be no more than 5% of the session bankroll
So on a $100 bankroll for one trip to a land-based casino, your minimum and maximum bets would be $1 and $5. This ensures no single spin can make a major dent.
Have a Stop Loss Limit
All slot outings, whether online or at a physical machine, should have a predetermined stop loss in place. This is the maximum amount you allow yourself to lose per session before calling it quits.
Setting a stop loss of 50% of your allotted per session bankroll is ideal. This allows you to walk away with at least 50% left to play another time if luck turns sour.
So sticking to the $100 per casino visit example, your stop loss would be $50. Once you lose $50 from the original $100, your slot play ends for that trip, even if 4 hours remain before you plan to leave. This takes emotions out of the equation and protects your bankroll from catastrophe.
Lock Up Profits to Protect Bankroll
If lady luck blesses you with a nice payout whenever you hit a big slot win in International Game Technology, make sure to pocket a portion of the profits and adjust your bankroll back downward:
- Cashout a percentage of winnings to lock in profits
- Lower your remaining bankroll by the cashed amount
- Lower minimum/maximum bet thresholds
Using the $100 trip bankroll example, let’s say you get a $200 win one hour into play. Follow these steps:
- Cash out $100 in winnings (pocket 50% of profits)
- The remaining trip bankroll lowers from $300 to $200
- Minimum and maximum bets drop from $3 and $15 down to $2 and $10
This locks in some guaranteed winnings as soon as possible and ensures one severe loss won’t eliminate all profits.
Add Slot Winnings to Future Bankrolls
Whenever you finish a slot session or timeframe with money left over, those leftover funds should carryover and supplement your next slot bankroll. This allows incremental profits to build up over multiple playing periods.
Sticking to the previous example, let’s say from your original $100 trip bankroll, you managed to walk away with $75 left after 2 hours of slot play. For your next trip one month later:
- Start with fresh $100 trip bankroll
- Add leftover $75 from last month
- New trip bankroll = $175
This gives you more playing power next session while locking in profits from past play. Over many months, this effect snowballs, letting you continuously play longer without depositing more funds.
Track Profits and Losses
Meticulously tracking slot play profit/loss results per session allows you to analyze outcomes and tweak strategies over time. You want to track:
- Date played
- Initial bankroll
- Total wagers
- Session profit/loss
- Bankroll running total
Apps and written spreadsheets both work. Review stats regularly to spot negative trends and make corrections like lowering max bets or setting stop losses earlier.
Know When to Walk Away Empty Handed
One foundation of slot bankroll management is accepting that even with perfect strategy, losing entire allotments is an inevitable certainty at times. Almost all frequent slot players experience bruising, hard-to-swallow dry spells.
Making peace with occasionally losing full amounts enables you to enter sessions with a sober understanding of slots’ high variance. This prepared mindset ensures you never deposit or wager above affordability levels trying to hastily recover from big losses during frustrating cold runs.
It’s simply the cost of playing a negative expectation game. Stay the course with your long-term bankroll plan.
Avoid Slot Bankroll Violations
As covered in this post, sticking to predetermined affordability limits, stop losses, cashout thresholds and other guidelines requires immense discipline. However, violating tenets of your bankroll plan can ruin your slot ROI.
Once you set deposit, loss and win guidelines, avoid sabotaging yourself with errors like:
- Depositing above your means to recover losses
- Chasing losses once stop loss reached
- Not cashing out the percentage of big wins
- Playing drunk and making emotional bets
- Upgrading to higher denomination slots after winning
Avoiding these amateur violations takes concerted effort. But letting them creep into your play steadily erodes your slot bankroll over time.
Use Slots Bonuses Judiciously
Online casinos try luring players with flashy signup bonuses offering hefty percentages or dollar amounts. However, while great at face value, bonuses that carry strict rollover rules can ruin slot bankroll strategy.
Only accept online casino bonuses like free play credits, deposit matches, or free spins if:
- You fully understand all playthrough rules and time limits
- The wagering requirements fit normal play patterns
- Bonus funds are compartmentalized away from the main bankroll
Ideally, view signup bonuses as temporary house money you play risk-free. If you somehow roll over the restrictive requirements, it pads your profits. If a playthrough proves unrealistic or you lose the bonus trying, your main bankroll stays protected.
Bottom Line
Implementing a structured plan for slot bankroll management helps you gain control and pushes back against the monumental house edge all slots inherently carry. Setting smart affordability rules, walking away empty-handed periodically, locking up winnings and tracking progress leads to better ROIs.
While slots boil down to chance, not all outcomes must be left to fate. By following the bankroll tips covered here, slot players give themselves the best chance to stretch playtime and survive the game’s unavoidable dry spells.