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The Best Bankroll Management and Money-Saving Tips for Online Slots

Rate this Article Wondering how can you can stretch out your bankroll? Here are some helpful tips! Social Casino Games - The Best Bankroll Management and Money-Saving Tips for Online Slots

Whether you’re new to the world of online casino games or a prolific player of online slots, we all want to find ways to make our money stretch further in those virtual casino rooms. You may have already heard about how, with careful management, you can make your bankroll work harder. However, there are also several money-saving techniques that you can also use to your advantage.

Bankroll Management

Just like for those players who prefer slot machines in brick-and-mortar casinos, bankroll management should be the most important thing to you as an online player. How you manage your bankroll influences the way that you play games as well as determines the amount of profit you can make from your favorite reels.

Typically, online casino gamers fall into two categories: those who play for jackpots and those who play for the enjoyment of it. Depending on which type of player you consider yourself, you will need to adjust your bankroll management strategy accordingly. Jackpot players should focus their efforts on games that require higher-than-average bets with top payouts — progressive jackpots are ideal. Leisure players, on the other hand, should opt for games that have a lower payout rate since these games require smaller denominations to play and you can make a little go a much longer way.

That said, there are some key bankroll management tips that every type of player should follow:
● Pick games with the highest RTP – RTP (return to player) is the expected payback percentage on wagers placed on the game. Since payout rates can vary so much between games, you should always choose games that offer as close to 100 percent RTP as possible to ensure you get a decent return.
● Pace yourself – There is the temptation to play as many games as possible, especially when you’re on a winning streak. But these are the perfect times to slow down, take a break and calculate your loss and win-per-play ratios.
● Understand theoretical losses – Whether you’re wagering $1 or $100, it pays to understand the theoretical losses of the game first to help you figure out the coin size you will need to play for the length that you are aiming.
● Stick to a loss limit – Never, ever chase your losses. Set a limit for an amount that you are prepared to lose during a game, and when you hit it, stop playing. Once you’ve spent your bankroll, it’s time to call it quits and pick it up another day.

Money-Saving Tips

One of the many slots games available with free spins.

Another way that you can be more cost-effective when playing slots in an online casino is to study up on the various bonuses and promotions that are available on reputable platforms. In some instances, you don’t even have to be a long-term member of the casino and can take advantage of the offers without having to deposit real money into your account. Here are some of the top offers:

● Welcome bonuses – Pretty much every top online casino platform will have its take on the welcome bonus. These are typically cash bonuses, which are aimed at new players who open an account for the first time.
● Deposit matches – Another useful bonus, especially for first-time players, offers to match your deposit (in some cases up to 100 percent), meaning that even if you deposit a minimum amount, you can still play with up to double that.
● Bonus codes – Online casinos offer bonus codes for everything from free slots spins, to cashback as well as substantial welcome bonuses. You can take advantage of these codes by using them on your preferred games or by trying out something new, but either way, they’re one of the most widely available and simplest ways to save money.
● Ongoing promotions – Even if you’re a long-term member of a casino, you can still take advantage of the various ongoing promotions, such as free spins, cash back, deposit-match days, etc. They may not be for big bucks up front, but these promotions can save you a few cents, in the long run, so make sure to sign up for your casino’s mailing list.

Check Out Your Online Options

As far as saving money goes, it always pays to check out the options that are available to you as an online casino player. With such an array of casino games and platforms out there, even though there are many benefits attached to being a loyal customer, it is more rewarding financially to play at multiple casinos. So, if you can manage your bankroll effectively, playing at a variety of casinos each month can rack up the number of promotions that you can use to your advantage. The best way to approach this is to start playing at one casino, then clear the bonuses to use that amount to deposit at other casinos.

You can also, literally, save money by switching up the way that you make deposits and withdrawals. Many players unsuspectingly use their credit cards to transfer funds, but the fees providers charge to do so can soon add up. Debit cards are a cheaper option to use since most banks won’t charge a fee for online transactions, but it’s advisable to keep your deposit funds separate from your main income, especially if you are setting loss limits for yourself. Switching to an eWallet — an electronic wallet — is a simple enough process to do, but it can save you a lot more money when funding your bankroll. Popular options include PayPal, iDebit, INSTADEBIT, NETELLER and Skrill, and they all typically offer low to zero additional fees, with instant deposits and withdrawals.

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