For the purposes of this question, we’re going to answer this with the assumption that the basic principles we outline here regularly are followed, such as:
- Only gamble with your entertainment budget
- Always use a players card when playing
- Only spend what you’re comfortable losing
With those in mind, the worst mistake gamblers can make is overbetting relative to their bankroll.
Let’s say you have $100. If you bet $1 per spin, you’re given a minimum of 100 spins on that budget. Now let’s say you bet $5 per spin. At that point you only have 20 spins at minimum to make something happen.
Over time, slots have become tougher, as players want swings at bigger wins. While this can yield some exciting outcomes when it does occur, it can also take longer to get there. If you don’t have enough bankroll to withstand those portions where things get tougher, you won’t have the opportunity to make a comeback because you’ll run out of money before that key bonus or feature.
The sheer volatility of slots today make for a scenario where it may be tempting to bet big to try to get a big win, but a player simply won’t last long enough in most cases to make it work for them.
Here’s a rule of thumb – if you want to reduce the risk of going home with no money and want to play for a few hours, you should choose a bet that, based on your bankroll, is somewhere between 200 and 500 bets that can be done (depending on your risk tolerance).
So on that $100 bankroll, you’re looking at 20-50 cent bets – not exactly easy on today’s gaming floor, but also not impossible. And you can always adjust your bets as you go if you’re doing well, or if you’re not, to keep things going.
By not swinging for the fences with overly big bets vs. your budget, you can ensure a better chance of achieving some good wins, and perhaps leaving the casino with some money in the process, at least more often than if you burn through your budget quickly and consistently leave with nothing.
Now, while that’s our answer, we recently posed the question to players on the BCSlots Facebook Community. Here are some of their answers:
- Leaving a ticket or card in the machine
- Spending all the money they brought and then visiting the ATM
- Chasing the big one, and giving back winnings during that chase
- Playing until a player gets angry
- Not checking the bet size and denomination before starting to play
What do you think is the biggest mistake gamblers make? Share your thoughts in the comments below!
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