Bankroll Management in Slots
By: R. Kingsley, Wednesday September 24th 2008
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Online slots games offer nothing by way of skill and therefore there is no strategy involved in the actual playing of the game. However bankroll management is crucial to playing online slots games because judicious bankroll management enables the players to get more games in. Bankroll management strategies depend on two factors. One is whether the player is a high roller or a low roller and the other is whether the player is a risk taker or a conservative. Different bankroll management strategies have been formulated for the different circumstances.
The Simple strategy has been devised for players who are low rollers but risk takers. They want higher winnings and are willing to risk their small bankrolls. Under this strategy if the player receives a payout on any spin he bets the maximum coins in the next spin. If he does not receive a payout in any spin then he reduces his next wager by one coin. This bankroll management strategy enables the player to cash in on winning streaks.
The Up The Steps strategy has been devised for players who are low rollers and are conservative players. Under this strategy if the player receives a payout on any spin he increases is wager by one coin in the next spin. If he does not receive a payout in any spin then he reduces his next wager by one coin. Though the player is not able to take very much advantage of winning streaks he is able to stretch his bankroll further.
The 3 Star strategy can be adapted to both the Simple and the Up The Steps strategy. Its basis is that it requires more than one win to make a winning streak and more than one loss to make a losing streak. Therefore changes in the number of coins wagered are made only on three successive wins or three successive losses. Otherwise the player continues to wager the existing number of coins. The changes may be made as laid out in the Simple strategy if the player is a risk taker or as laid out in the Up The Steps Strategy if the player is a conservative player.
Then there are players who do not believe in losing or winning streaks. They set up a pattern of wagering and follow it regardless of the outcome of each spin. This strategy is known as Patterns strategy. A pattern has two components. One is the total number of coins in the pattern sequence. High rollers will have more coins and low rollers will have fewer coins. The second component is the proportion of wagers with maximum coins. Risk takers will have more wagers with maximum coins in their pattern whereas conservative players will have few wagers with maximum coins in their pattern.
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