Slot machines are an extremely exciting and fun way to test your luck, relieve some stress, and occasionally win some money. In addition, slots are easy to use and provide instant entertainment, making them an immensely popular game both players and casinos love.
And while slot machines are entirely luck-dependent, there is a set of common mistakes many gamblers tend to make that lead to losing even more money than they initially expected. And yes, determining your gambling budget based on the amount of money you’re willing to lose is the first and most important thing you need to do before you start playing any real money casino game.
In this article, we will shed some light on the common mistakes that cost slot players their bankroll, including not checking a slot machine’s RTP, playing too fast, choosing unreliable online casinos to play at, neglecting to set up a budget, and not knowing when to stop. Continue reading to learn more about how not to lose all your money playing slots.
The first and most important mistake you should never make is choosing unreliable online casinos to play at. Not every online casino is trustworthy or safe enough to deposit money into. In fact, certain online casinos are highly untrustworthy, meaning they will may your account info and money right off the bat if given the chance.
So always be careful when choosing an online casino. Check if they have a license and are regulated by established gaming authorities like the UK Gambling Commission or Malta Gaming Authority.
Also, make sure they are listed on online casino review websites and check your local gambling laws and look for sites that comply with them. For example, if you’re playing from Canada, make sure to check Canada casinos reviews first and choose the safest option possible.
Another common mistake is not checking the Return to Player percentage (RTP) of a slot machine before playing. The RTP is an important indicator of how much you can expect to actually win from playing that specific game.
For example, let’s say we have a slots game with a 95% RTP, which means that in the long run, you can only expect to win 95 cents out of every dollar you bet. However, if this same game has a 92% RTP, you can expect to win 92 cents on every dollar you wager. In other words, the higher the RTP, the better your chances are of winning. This is why you should always check the RTP before playing any slot game.
Another very common mistake is not setting up a budget before playing slots. Slot machine players tend to play for as long as possible until they lose all their money. This has a lot to do with the fact that slots are a relatively fast way to play, and provide instant results, provoking you to place new bets immediately.
The easiest way to avoid this is by determining the amount of money you’re willing to lose during each gambling session. Don’t forget that slots are mostly luck-based and aren’t always as easy to win as people think, so always ensure you have your own money management strategy before playing any real money casino games.
Playing too fast is another common mistake that many slot players tend to make. While this might not be a big deal for high-roller players, it can be extremely damaging to your bankroll if you play too fast. If you play too fast, you may even gamble away their life savings.
What’s more, while it may be tempting to use the autoplay feature offered by many online slots, you should avoid using it at all costs. If you use the autoplay feature, you won’t be able to keep an eye on your bankroll and you might end up losing a lot of money faster than you expected, without your input.
And last but certainly not least, not knowing when to stop is another common mistake that many slot players tend to make. On the one hand, it is important to know when to walk away from a game and leave the casino if you’re not winning. On the other hand, many players tend to continue playing slots even when they are losing, and their losses start piling up. You may also make more mistakes when you are losing, which is why it is essential to walk away from a slot game when you’re no longer winning.
Slots are highly fun and exciting games, which is why they’re so popular among players and casinos alike. However, there are a lot of things you should know about playing slots before putting any real money on the line.
Slot machines are entirely luck-based and can take several hours – if you’re lucky – before giving you any significant winnings. And if you make these five mistakes, then you just might lose all your money before you know it. Always check RTP, set up a budget, choose a reliable online casino, play slow and steady, and know when to stop playing!