Firstly, it should be said that there is no blueprint for a standard gambler. Because gambling is such a personal thing, it’s almost entirely subjective. What’s more, everyone will have their own different, personal financial situations. This means that what is right for one person playing online slots will not suit another person playing exactly the same game – click to visit.
Likewise, different gamblers have different attitudes towards volatility. This means that some gamblers are more conservative than others, and where some find ‘high-risk high reward’ appealing, others will want to control their betting more tightly. Put simply, there’s no right or wrong answer.
Knowing how much to bet
All of this contributes to how much you bet. Again, it entirely depends on the gambler’s preference. Many articles have been written about strategies detailing how betting the highest amount each time is a sure-fire way to win big, while other blogs have been written stating the opposite.
Betting small amounts has its advantages and drawbacks, as does betting the maximum amount. So how do you know what to do?
Different strategies when wagering amounts
Every gambler has to manage his or her bankroll on a personal level. However, as mentioned above, wagering the largest amount possible with every spin surely leads to higher pay-outs, doesn’t it?
After all, if a slot pays out 5000 times your winning betting stake and you bet just 10p; you’ll be awarded £500.
However, let’s say the maximum bet on this game is £20 and you land the winning combination. Suddenly, you find yourself £100,000 richer. Surely that’s the right bet?
Some advantages of betting small
Well, not necessarily. Betting the minimum wagering amount is economic and you’re unlikely to ever run into financial difficulties. Whatever your financial hardships, anyone can afford to spin the reels for 10p a time can’t they?
Anyway, this will lead to your bankroll lasting for the longest time possible, and the consequence of this is that you can play a huge range of slot games with a relatively small bankroll. This appeals to many people as they want to dip their toe in the water before committing to a game.
Check out the wagering amounts
Most games will have their own wagering amounts set at a minimum and a maximum level. Generally speaking, the average slot game will let you wager between 10p and £100 per spin, but some games exist that let you go as high as £1000.
Improve Your Odds of Winning a Jackpot
With this in mind, it may be worth focussing on progressive jackpot slots as they give you stronger odds when you risk more money. For example, if you play Mega Moolah, you only have to wager £0.25 per spin for a chance at the jackpot.
The conclusion is that there are pros and cons of betting small and betting big. There is no “right bet” – it’s entirely your preference.
In truth, most of us aren’t high rollers and can easily afford to risk £20 or more per spin. For that reason, betting smaller amounts and accumulating smaller sums of money may be the better option. Not many people mind winning, whatever the amount!