To Back Lucky Streaks - Or Not

New players must have heard old timers say, "I ran into a lucky street the other day. Had I wagered more I would have recovered my losses," or something to a similar effect. Lucky streaks are a series of wagers that turn out in favor of the player. Lucky streaks exist, and players can obviously tell when they have passed through one. However, the problem lies in the fact that lucky streaks are impossible to predict.

Online slot games are such that by their very nature it is impossible to predict the outcome of the next wager. If the last three spins have been rewarding for a player it is impossible to conclude that the fourth spin will be rewarding as well. Some players may argue that they are in a lucky streak and the fourth spin will also yield high rewards. Others may argue that since they have had a good period the next spin will probably be a bad one. The fact of the matter is that each spin is independent of any or all of the previous results. Therefore by setting up indicators to mark the beginning of a lucky streak and increasing the bet amount does not increase the mathematical chances of winning.

Having seen that there is nothing to be gained by chasing lucky streaks, it is equally important to consider if there is any harm in chasing them. Just as the player is not likely to win more often, he is not likely to lose more often. If he increases the bet amount and wins then he will win a larger amount and if he increases the bet amount and loses then he will lose a larger amount. Here in lies the trap of chasing lucky streaks in slots games. The player can easily fall into a process of compulsive gambling. If the past few spins have paid him well he may be tempted to increase the wager to very high levels and a few losses may wipe of everything he has won so far. And if his spins are going without any wins he may again be tempted to increase the bet amount in the hope that the lucky streak will start.

Therefore if one considers the issue of lucky streaks with a cool head then there is nothing to gain and something to lose by chasing lucky streaks. However the concept of lucky streaks is so adventurous that at some time or the other slots players will be tempted to try it out. Therefore players must instill some discipline into the method that they are planning to use to try and cash in on lucky streaks. They must first fix a base amount per spin. They must also limit the increased wagers to double or at most triple of the base amount. They must also limit the number of times that they use the increased wager. A good thumb rule is not to use them more than 5 times in a row and to ensure that there are 15 or 20 base amount spins in between each set of increased wagers. This way, players can indulge in their fascination for chasing lucky streaks during slots games but with adequate controls and cooling off periods to prevent them from falling in the compulsive gambling trap.

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Comment by: Augustine On: March 10, 2010
A good gambler knows there's no such thing as good or bad luck. Luck really isn't a factor that should be taken into consideration. Gambling is all statistical and should be viewed at in this way!

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