Playing slots is an exciting experience that gives you the chance to win big payouts and trigger bonus rounds. The downside, though, is that slot machines can quickly drain your money. You may have no problem with this if your bankroll is worth hundreds, or even thousands, of dollars. But what if you’re dealing with a tiny bankroll, such as $20?
In this case, you can’t just choose any slot machine and expect your bankroll to last. You instead need a proper plan to stretch your money further. Keep reading as I cover different ways that you can make $20 go the furthest possible while getting the most entertainment out of slots.
The first thing that you want to do when making your small bankroll last is play internet slots. Here are the main reasons why you should choose online games:
Chances are that you don’t want to make a special casino trip when you only have $20 to gamble with. This is when online casinos become perfect, because you merely need to pull out your smartphone or tablet to begin playing.
This isn’t to say that all online slots are cheap. Some require you to use 50-100 lines, which mean that you’re spending between $0.50 and $1 per spin. However, the majority of internet slots only require you to bet $0.25 or less. Some games even allow you to set the paylines to one, and coin size to $0.01.
I just discussed how many online slots allow you to adjust betting options to the lowest-possible amounts. But just because this is the case doesn’t mean that the options start at the lowest levels.
Some games begin at higher betting options, and you won’t realize it until after playing a few spins. Here’s an example:
I suggest that you begin every slot session by ensuring that the betting preferences are to your liking. Oftentimes, you’ll find that they’re set slightly higher than the lowest amounts. But what if you like betting more on each spin? The truth is that you can do whatever you want when playing slots. If you’d like your coin size to go up to $1, then by all means do so.
Furthermore, you’re rarely rewarded for betting a higher coin size or more coins per line. Your payouts typically increase proportionally to the bet size, meaning there’s no incentive to choose higher values. Going back to paylines, you can always play a single line per spin if they’re adjustable. I personally don’t like this, though, because it takes forever to accumulate any wins.
Here’s an example on how I set betting options to maximize my bankroll:
You can make slots bankroll management easier by dividing your bankroll into units. A unit is the average bet that you make when playing a particular game.
Units are a good way to keep track of your bankroll without dealing with dollars and cents. You can instead simply look at how many bets you have remaining.
Here’s an example on dividing your bankroll into units:
Looking at your bankroll in terms of units is a clean way to determine how many total bets you have available. You can also decide how many units you want to use in any given session. Obviously you don’t have many options when dealing with $20 or less. But you can still limit yourself to $10 or so per session.
Here’s an example:
Volatility is the measure of how closely short-term results compare to statistical averages. Slot machines generally have high volatility, because the short-term results are wildly different from the return to player (RTP).
The only problem is that most slots don’t come with hit frequency or volatility ratings. I’ve seen some Pragmatic Play games that do, but the vast majorities don’t. This leaves you guessing on volatility by looking at multiple factors, including the jackpot size, bonuses, and low payouts.
Here’s an example on judging slots volatility:
Most slots with high hit frequency don’t offer big jackpots and large bonuses. But they will see you win often enough to sustain your bankroll and stay in the game.
As covered above, slots with large jackpots don’t pay as frequently as the rest. You should especially be wary of the biggest progressive jackpot games. It’s important to mention that players – not the game developers or casinos – contribute the most towards increasing progressive jackpots. But the game maker does have to seed the original amount.
The jackpot can make up a sizable portion of the RTP if it’s seeded at a high amount. Failing to win this jackpot means that you’ll be playing a game with far lower RTP than what’s listed.
Here’s an example:
One downside to progressive slots is that you won’t know how much of the payback consists of the original jackpot amount. But you can make an educated guess that a jackpot seeded between $500k and $10 million will comprise anywhere from 5-10% of overall RTP.
Considering that the chances of you winning such a jackpot are extremely low, you’ll only have a chance at the regular payouts. If the jackpot makes up 5-10% of overall payback, then you might be eligible for less than 90% RTP. The only reason to play these games is if you’re set on competing for a massive prize and could care less about how long you last. In every other case, you should choose slots with smaller progressive or non-progressive jackpots.
Payback isn’t of the utmost importance when you have a $20 bankroll. But you should still factor RTP into the equation since it does relate to your chances of winning. Payout percentages are especially useful when you combine them with low volatility. The lower volatility indicates that your short-term results are more likely to equal the high RTP. The only question remains exactly how you go about finding slots’ payout percentages.
You have several options for doing so with online slots, including looking at the paytable, googling the game, and googling the developer. Here’s a closer look at each of these methods:
Ideally, you’ll only have to look at the paytable to find payback. But since the majority of online slots don’t offer this info, you normally must look up the specific game or developers.
Megabucks, which offers 88.0% payback, is a rare exception. But this is only because Megabucks is the most popular game in Las Vegas and offers record breaking jackpots. Your best bet for finding land-based RTP is to check out reports from state gaming agencies. Visit your respective state gaming agency’s website and look for annual reports on slot machines.
These often show a composite average on how much slot machines pay back per coin denomination. Here’s an example from the Nevada Gaming Control Commission:
This doesn’t give you an accurate measure of what individual slot machines pay. But it does offer a ballpark figure for when you’re playing penny slots, nickel slots, etc.
It’s tempting to keep playing slots until you run out of money with such a small bankroll. But having a stop loss limit can make your $20 feel like $200.
A stop loss limit refers to a predetermined amount of losses that indicate when it’s time to quit a session. The idea is to force yourself to stop at a certain loss amount so that you can play more sessions.
Here’s an example of setting a stop loss:
The stop loss limit doesn’t guarantee that you’ll quit at a specific point. After all, it still requires willpower to force you to stop playing. But these limits at least make you conscious of how much you’re losing. Hopefully, you’ll be able to quit playing at your predetermined point.
Unfortunately, setting stop losses with $20 doesn’t give you much playing time. But I still recommend that you use this practice, because being able to play multiple sessions is more entertaining than losing everything in one trip.
Not everything in slots is about what you win on the actual reels. You can also pick up comps and bonuses that increase your bankroll and allow you to play longer. The rewards offered at online casinos relate directly to cash, including deposit bonuses, cashback, and free spins. These bonuses are nice since they help you reload your bankroll.
Here’s an example on earning a deposit bonus:
You can see from this example that you’re more likely to lose $20 before meeting wagering requirements. Nonetheless, this deal still gives you a chance to earn $20 if luck goes your way. Even if you can’t withdraw the bonus before losing everything, you can at least look forward to earning other rewards like cashback.
These comps are exciting because they involve physical rewards and services. But they won’t do much with regard to helping you stretch $20. The best you can do is find a land-based comp program that allows you to exchange points for cash. This lets you earn money back over the short run and continue playing longer.
Chances are that you won’t get hours’ worth of play out of a $20 bankroll. You may not even last one hour due to the volatility of slot machines. But you can at least improve the chances of playing longer by following the tips listed here.The biggest thing you can do is play online slots with small minimum bets. Ideally, you’ll play a game that lets you select your coin size and number of paylines. You also want to look for slots with low volatility. This means choosing games that have smaller jackpots, fewer bonuses, and more low payouts.
The jackpot aspect is particularly important. Playing a slot with a big progressive jackpot severely lowers the hit frequency and makes it difficult to play for longer. RTP plays a lesser role in preserving your bankroll, because it’s a long-term figure. Nevertheless, you can still boost your odds by choosing games with high payback.
One more important step is to set a stop loss limit. Doing so gives you a point to quit playing based on losses, thus allowing you to play more sessions with a small amount. Again, there are no guarantees with slots. However, being mindful of the games you play, your bankroll, and volatility will improve your chances of playing longer.
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