How Much Money Does The Average Slot Player Spend Online
How Much Money Does The Average Slot Player Spend Money

Over the course of one year you play your favourite slot machine every weekend and wager a total of $1,000. On average, that machine should return $950 to you in the form of winnings. The most important thing to remember is that the RTP is a statistical average. Teams can opt to spend more or less than the allotted slot value, but may incur a penalty if they exceed the amount — or risk losing a player if it's not the money they were looking for.

Slot machines play at super speed – around 14 spins per minute. The best way to get the most for your money is to take a few breaks. That will extend your play over a greater period of time.

Keep your bets low and avoid max bet

To extend your play time, your best strategy is to make smaller bets and avoid max bet because it can drain your bankroll quickly.

If you do decide to avoid a max bet, be sure you’re not playing a machine that requires a max bet to be eligible for the top prize. Learn more about max bet and how betting affects your payouts.

Tip

Playing max bet can add up. Max bet on penny or nickel machines can cost more than playing on a dollar machine.

Machines with bigger jackpots tend to have less frequent payoffs and will deplete your bankroll faster
Stick to machines with smaller jackpots but more wins to make your money last longer
To get a better understanding of prizing, check paytables or ask a slot attendant

Pace yourself

Keep it slow and enjoy your play – it’s not a race. Take breaks every so often so the fun lasts longer.

Don’t chase your losses

Don’t keep gambling to win back lost money. The odds don’t favour it.

Tip

No one wins every session they play. Sometimes it’s best to lose a small amount and walk away.

Keep your winnings and bankroll separate

Keep your initial play amount and your winnings separate. Only play from your original bankroll and stop once it’s gone.

Playing slots can cost you. But how much?
Adjust the settings to reflect your usual style of slot play.

YOUR WAGER SPEND

Bet per spin

$450.00

$19,553.00

$234,000.00

Want to learn more about how slot machines work?

Go to the Random Number Generator

TYPE OF DENOMINATION

When you put your money in a slot machine, it’s converted into “credits” which can be valued from pennies to $100. Each spin then costs a certain amount of credits depending on the game and your selected betting options. That’s why players talk about penny slots or nickel slots – they’re referring to the machine’s credit value, called the denomination.

LINES IN PLAY

A payline is a lineup of specific symbols on which a payout will be awarded. Paylines can line up in horizontal, vertical, diagonal or even zigzag patterns for a win. You can bet on as many paylines available but each additional will increase your cost per spin.

BET PER LINE

The number of betting units/credits wagered per line in play.
When it comes to prizing, every machine is different. The Paytable is the key to knowing your slot machine’s payouts. It shows you the prize value, winning symbol combinations, and which bet sizes correspond to each prize.

SPEED OF PLAY

The average time taken to start a game i.e. set your bets and paylines, hit the spin button, get the result and purchase the game again (spin again).

Track your play the easy way

Take advantage of the My PlaySmart tools at OLG Slots at Georgian Downs and Shorelines Casino Belleville to:

Set the amount of time you want to play
Set the amount of money you plan to spend
Get on-screen notifications of the time and money you’ve spent throughout your play session

Check out the easy way to keep an eye on your play.

Buddy up

Grab a friend and go to the slots with an agreement to only spend a certain amount. Keep each other honest
Plan to stop each other from going over the limit

Introduction to Slots Money Management Tips

Unfortunately, slots players typically spend any of their winnings before ever leaving the casino. A simple change of habit would let them instead leave as winners. I’ll briefly review each of my eleven practical slots money management tips.

There is a lot of slots money management advice on the internet, but it appears to be all jumbled up with myths and misunderstandings of the slot machine gaming industry. To provide you with some helpful clarity, I’ve broken up my eleven sensible slots bankroll management tips into four equally essential areas including:

Preparation beforehand
To-do immediately upon arrival
While playing slots
After-action debriefing

Throughout, I’ve provided links to other articles with details about specific slots topics, which, if discussed here, would distract us from our primary focus of how to keep our slots winnings.

This slots money management article has the following sections:

Introduction to Slots Money Management Tips
What is Negative EV, and Does It Apply to Slot Machines?
Repeating the Golden Rule of Gambling
Practical Tip #1: Preparation – Budget Your Gambling Bankrolls
Practical Tip #2: Preparation – Don’t Borrow Money to Win
Practical Tip #3: Preparation – Leave Your ATM Cards at Home
Practical Tip #4: Preparation – Review Your State’s Gaming Returns
Practical Tip #5: Upon Arrival – Visit the Players Card Desk/Kiosk
Practical Tip #6: Upon Arrival – Pick a Money Management Strategy
Practical Tip #7: When Playing – Limit Losses with Loss Limits
Practical Tip #8: When Playing – Preserve Gains Systematically
Practical Tip #9: When Playing – Pros and Cons of Emotional Control
Practical Tip #10: Debriefing – Get Accountability with a Team
Practical Tip #11: Debriefing – Practice Improves Discipline
Summary of Slots Money Management Tips

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What is Negative EV, and Does It Apply to Slot Machines?

Unlike craps and blackjack, which are so-called “negative EV” games, you can consistently win at slots over the long-term. EV stands for earned value, which is a statistical term for the more general word “average.” It means that on average, over time, everyone loses at craps and blackjack.

Why? Because the rules of the game say so. The math behind those games say so. Because of those odds, that’s why casinos like to offer craps and blackjack. With them, casinos have a house edge.

There was a short time when blackjack wasn’t a negative EV game for everyone. Players learned to do simple math in their heads to take advantage of casinos using only a few card decks. Since first developed, this card counting was itself countered by casinos with a higher number of decks, casino surveillance, and automatic card shufflers. https://cleverwines.amebaownd.com/posts/20408181.

If left alone by casinos, slot machine gambling is also a negative EV game. But that “if” is essential. Casinos never leave them alone. They’re always tinkering with the odds of winning on their slots machines, even before the arrival of casino operating computer systems in 2012.

Casinos have business practices that change the odds of winning on slot machines. For instance, their state or tribal compact may have gaming regulations that legally require them to meet a minimum theoretical payout limit. They can only achieve this limit with the ability to adjust the odds of winning on a slot machine.

For this reason, manufacturers must provide casinos with slot machines with adjustable odds of winning. But having this feature has allowed casinos to incorporate unusual business practices which also change the odds after the casino meets their obligations to the gaming authority.

Yes, slot machines are casinos’ biggest money-maker, by far. The profit made from gaming revenue, even when giving back 93% of that revenue as winnings, is enormous for the casino. That profit pays the employees, gaming revenue income tax to the state, and generally keeps the lights on at the casino.

On average, over all slot machines, casinos make a substantial profit. But they don’t make a profit on every individual slot machine. They don’t intend to!

A typical casino business pract

How Much Money Does The Average Slot Player Spend