Slot Games Can Be Played All Day With A Bankroll Of Just $100
How to Play Slot Games All Day
There are two important factors you need to be aware of if you’re a regular slot player. The first is that all slots have a very high house edge which can often go up to as much as 10%. The second factor is the fact that slot games are played very quickly, you can burn through your bankroll faster than playing just about any other casino game.
However, it’s perfectly feasible to be able to play the slots for hours on end utilising a tiny bankroll. In this article, we’re going to show you how, with just $100, you can play the slots all day. We will also show you the tools needed to determine just how big your bankroll needs to be. In truth, this knowledge is essential when you’re planning to take a trip to the casino to play slot machines. The same goes for opening your web browser to play at an online casino like Bovada Casino.
It’s certain that many players have witnessed gamblers, or even seen themselves blasting through a minimum of $100 per hour as they sit up at the slot machines. So the idea of being able to play all day for just $100 may seem a little far-fetched. But by understanding the information below, you’ll realise that it’s perfectly possible to stretch your bankroll much further than you imagined. This will give you not only much longer periods of fun but also increase your jackpot winning chances at the same time.
Expected Value In Slot Games
It’s essential to have a basic understanding of the maths behind all casino jackpot games including the slots. This is going to help you play for longer periods with a smaller budget. You don’t need to be a mathematician to understand as it’s all pretty basic information.
The base of all types of gambling games is what’s known as “expected value.” In its simplest terms, this is the amount you can expect to win on any given bet. Keep in mind this is an average based on hundreds of thousands, or even millions of times, making the same bet. You have to consider that on a single spin of a slot machine you will either win or lose. When you win, the amount you receive can vary considerably based on the paytable and combination of reels. However, when you lose, you lose the whole bet.
Probably the easiest way to illustrate the expected value is by utilising the house edge or payback percentage for the slot games you’re playing. The percentage of each bet that the casino keeps, in the long run, is known as the “casino house edge” or simply, the “house edge.” Once again, it’s a variable that’s taken over the average of many thousands of spins. You’ll find a huge variation in the house edges available for different slot machines. On the whole, the casino industry is pretty shy about sharing this information with the public. However, we can tell you that the vast majority of slot games have a house edge that falls between 2% and 10%.
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Understanding Slot Games House Edge
Once you know the house edge, then simple mathematics will allow you to multiply it by the amount of money you bet. The answer will be the “expected value.” It’s perfectly possible to do this for just a single bet or over a longer period of time, like an hour. For example, consider you’re playing a game with a house edge of 10%. And you’re betting $1 each time. This will give you an expected value of each bet being 10 cents for the casino. In other words, the return to player or the expected loss to your bankroll is going to be 10 cents every time you bet a single dollar.
To extrapolate this further, we can imagine you’re playing slot games using £400 an hour. Add $1 for each bet and you’ll be able to see that in this scenario your expected loss is going to be $40. The formula is as follows:
The total amount of wagers X house edge = Total expected loss
As you can see, the total amount of your bets is determined by multiplying the amount of each bet by the number of bets you’re making. For example, if you’re betting $1 per spin, and you make 876 spins, then you would have wagered a total of $876. For simplicity’s sake, simply plug the relevant numbers into the formula above and you’ll be able to determine exactly how much you’ll be losing on average.
Please do keep your mind that the previously mentioned numbers are just an average. That means in the real world, you may be able to win or lose a great deal more than expected. It’s just that over a very long period of time the expected value becomes true.
Using Expected Value To Determine Bankroll Size
Once you know how to calculate the expected value, then it’s easy to use this number to find out exactly how big your bankroll should be. It also allows you to manage your bankroll over the period of time you’ve allotted for playing. In the above example, we can see that you’re going to be making an average of £100 each hour. As previously stated, you can expect to lose $40 an hour with a 10% house edge. This means that if you want to play for 10 hours, then you’re going to need a minimum of $400. But if we substitute 50 cents instead of $1, then you’ll only need a bankroll of $200. Conversely, by playing at 50 cents per bet, you would make only 200 spins per hour. This would require a bankroll of $100 to play for 10 hours.
Now let’s consider that you’re going to be taking a trip to Las Vegas and would like to play the jackpot slots at least 6 hours a day for 5-days. This will give you a total of 30 hours on the gaming floor.
Don’t Under-Budget
Here at Jackpotfinder.com, we always suggest that you budget for a higher bankroll amount. This is because, as previously mentioned, the expected loss is a long-term average. Meaning that you could end up either winning or losing more than you planned. So allowing for a bigger bankroll ensures that you don’t run out of money halfway through your holiday. Another option is to play slot games with a lower bet amount. Or you could actually simply play the fewest spins each hour.
Playing Slot Games All Day For $100
Now comes the point where we should try and utilise the information above to see exactly how you can play slots all games day for just $100. For starters, try and find a slot machine with the lowest house edge. We’ve used a 10% house edge as our example. This is because this is about as bad as you’re going to find any way you end up playing. Of course, it’s perfectly feasible you might find a machine with a lower house edge. In this case, the expected value is going to be better.
As such, you’re able to play for much longer and thereby increase the possibility to win the jackpot online. Keep in mind that the whole design behind slot machines, as well as their psychology, is to encourage players to play hundreds of spins each hour. For the casino to make money, it needs you to risk as much as possible. To that end, slot machines are designed to be fast and easy. In fact, you can come across some slot machines that can be played at 500 or 600 spins per hour.
Play Slot Games More Slowly
We suggest that probably the best way to save your bankroll is to slow down. If you can manage it, don’t continuously shove coins into the machine. Also, limit your gambling time by taking regular breaks. At a land-based casino, there’s no harm in popping out for a drink or a snack. Or simply chatting with other players. The same goes for playing online at Bovada Casino. Sometimes close the browser and do something else. Remember that the whole purpose of gambling is not so much to make money. But rather to have an enjoyable time. That’s why stretching your bankroll and playing for as little as possible is always the best option.
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