Show me a slots player and I’ll show you a gambler who loses money. I know you might make a few bucks playing slots from time to time, but the odds are that you’re a losing slots player.
The only way for most slots gamblers to stop losing money to the machines is to stop playing on them. Beyond simple playing slots, there are a few other things that are increasing your losses.
Here are six reasons why you lose when you play slots for real money. With these six things you can learn how to change your results at least a little bit.
The Impossible Gambling Odds
When you’re gambling you should know as much about the odds as you can. This is true whether you’re playing slots or any other gambling game. The problem is that the odds aren’t always easy to decipher, find, and understand.
To help you I’m going to show you a few different ways to look at the odds and probabilities for gambling games.
Most people think of odds as something like 3 to 2 or 4 out of 52. 4 out of 52 is how many aces there are in a deck of cards compared to the total number of cards. 3 to 2 is what you get on your bet when you get a blackjack.
When you’re gambling it’s easier to look at odds when they’ve been converted to either a return to player percentage of a house edge.
The games with high return percentages or low house edges offer better odds. The return for slots is usually somewhere between 85% and 95%. These aren’t very good odds.
The fact is that the odds, no matter how you look at them, for slots are bad. You can get better odds playing a wide number of other gambling games. Your best bet is to stop playing slots and play a game with better odds.
You’re Betting Too Much Money
With the odds stacked against you when you play slots, the more money that you put in the machine the more you’re going to lose.
Slot machines work with a simple concept that guarantees that over time they make a profit for the casino. This simple concept is a built-in edge that the slot machine is programmed to create for the casino.
In this case, it means that when you play $200 worth of spins the machine is going to keep $16. And if you bet more the machine is going to keep more.
You can bet too much when you play slots 2 ways. You’re going to learn more about the second way you bet too much in section 4 below.
In this section, you need to understand that you should risk the smallest amount possible when you play a slots game. The main way to do this is to play on slot machines that have a low cost to play. A machine that you can play for a quarter is better than a machine that costs $1 to play.
You Don’t Get Slots Casino Bonuses
Everyone who plays slots games has a budget. Some gamblers have a bigger budget and others have a smaller budget, but everyone has a limit to how much they can lose playing slots.
If you know what your slots budget is and how much the slot machine that you’re playing is programmed to keep you can get an idea of how long you can play before exhausting your budget.
For example, if you have a $200 budget to play slots and the machine is programmed to take $25 every hour you play you can play for around 8 hours. But what if you have $400 instead of $200? You can play for twice as long.
This is how mobile slots bonuses and online casino bonuses work. They give you a bigger bankroll so you can play slots longer.
Notice that I didn’t say that bonuses help you win. In most cases, slots bonuses don’t help you win. They just let you play longer.
The reason why a slots bonus doesn’t help you win is because the bonus has rules about how you clear the bonus. You have to do what the rules say, and the rules are designed to make you play for long enough that you lose the bonus before you clear the bonus.
You Play Slots Too Fast
I mentioned that there are two things that you do that make you risk more money than you need to when you play slots in section 2. In that section, you learned that playing on slot machines with bigger bets costs you money.
The second thing that you’re doing that costs you too much money when you play slots games is taking too many spins when you play. Every spin you take adds to the amount of money that you’re risking.
Looking at the example you saw earlier of a machine with a program to keep 8%, you lose $40 every hour when you risk $500, but only lose $8 an hour risking $100.
This shows you how you’re risking too much money, and shows you how to make two simple changes to start losing less money when you play slots games. Bet a lower amount on every spin and take fewer spins.
You’re Playing on the Wrong Slot Machines
You’ve read a couple of examples for a slot machine that’s programmed to take 8% of the money the machine takes in bets. This tells you that a machine that’s programmed to keep a higher percentage is going to take more of your money and a machine programmed with a lower percentage is going to take less of your money.
Here’s the amounts of money three machines with different programs are going to take. In each example, you’re risking $200 every hour.
A machine programmed to take 4% is taking $8 every hour.
A machine programmed to take 8% is taking $16 every hour.
A machine programmed to take 12% is taking $24 every hour.
This shows why you need to play slots games that are programmed to take a lower percentage of your bets. The problem is that this isn’t easy information to come by.
Do a quick search online to find the slots games that you play to see if you can find the programmed percentages. Then look for information about slots games that are programmed with a high return to player.
You’re Playing Slots Period
In the first five sections of this article, you’ve learned several different reasons why you’re losing when you play slots games. The basic fact is that playing slot machines lead to losing money. You’re not going to find slots games that are programmed to give you back more money than you risk.
If you get lucky and play slots games during one of the times when the machine is returning more over a short period of time you can win. The problem is that it’s impossible to predict when these times are. This leaves you with hope that you get lucky.
If you want to lose less money gambling, you need to play casino games that have a better return or odds than slots games. I recommend learning more about video poker games and blackjack if you want games with a higher return.
Gamble Smart When Playing Slots
The main problem that creates more losses when you play slots is that you’re playing slots. The odds are against you and if you don’t get lucky you’re going to continue losing.
If you can identify the slots games that offer the best odds it helps you lose less, but you’re probably still going to lose. And you make your losses worse when you bet more than you should either by making wagers that are too big and/or taking too many spins.
Look into slots bonuses that are offered by mobile and online casinos to help offset some of your slots losses.