Are you planning at gambling at one of a plethora of new slot sites? It likely that you want your money to stretch as far as possible, right? Well, read on! Let us walk you through how you can make your bank roll work for you!
What is your bank roll?
We have talked about this elsewhere on our website, probably in a lot more depth than this. To put it simply; your bank roll is the amount of money that you can afford to lose should you gamble online. So, basically, you should never be playing with money that you have set aside for your bills and the like. If you are, you have a problem.
When we are planning our bank roll, we take it out of our entertainment budget. It is entertainment, after all. Sure, we are likely to be disappointed if we lose the money that we are depositing into our account. Nobody likes to lose money. However, it is not going to impact our life at all if we do lose out.
Your bank roll could be any amount. Some people drop a couple of quid into their online account each month. Others drop thousands of pounds (yes, seriously!). Just, as long as you can afford it and you are happy to lose that amount. It is rare that you will loser all of it, but still.
Why is your bank roll important?
Your bank roll is important as it will have an impact on:
- The type of slot machine that you are playing on
- Your betting strategy
Let us explain.
The Type of Slot
If you browse through slot machine reviews, then it is likely that you will see plenty of information about the slot machine. The technical information. For determining where to play with your cash, you are looking for two pies of information (well, three, in theory):
- The minimum and maximum bet on the slot machine
- The volatility of the slot (more on this soon)
- The house edge (sort-of)
The minimum and maximum bet is self-explanatory. If your bank roll is just £50, then you are probably not going to be gambling on a slot machine which has a minimum bet of £1.00 per spin, are you? You get 50 spins and that is the end of your fun (assuming you do not win anything). For a bank roll of that size, you are looking for a slot which offers somewhere between 10 and 20p per spin. Much better for your bank roll.
The volatility of the slot is how often your wins are going to pop up and how big they are going to be. We will be discussing that in the next section as this will influence your playing strategy. For now, we just want to inform you that you should not be gambling on a high volatility slot if your bank roll is minimal. You won’t really make that much cash if you go down that route.
The house edge dictates how much is returned to the player (you will probably see this referred to as RTP). It is not a major deciding factor, but you should still bear it in mind.
If you have a high volatility slot, it means that the wins are not going to come through that frequently. When they do pop up, they are going to be big wins, however. It is common for somebody to go through 20-30 spins on a high volatility slot without seeing a win. This means that you probably do not want to be gambling massive amounts per spin. There is a chance that you could blow through your bank roll before you see any cash land in your pocket. You almost certainly do not want to be gambling on a high volatility slot if you have a smaller bank roll.
If you opt for a medium to low volatility slot, you could probably afford to take more risks with your money. A couple of larger bets here and there. The wins should come in frequently enough. Although, once again, If you have a smaller bank roll (sub-£100), then do not bet crazy amounts per spin.
Now you have all that information, you still need somewhere to gamble, yes? Well, we suggest you hop on over to www.newslotsite.co.uk and check out a couple of reviews for the latest and greatest slot machine sites around! This will save you more time searching for an awesome site, and give you more of an opportunity to play!