Slots Losing Streak
Some of these streaks can be quite long, which is fantastic when you are winning, but it can be quite disheartening when you have a prolonged losing streak. I remember a line I read many years ago that said, “Winning is easy but losing brings out the true character in a person. Like any other casino game, you might find yourself on a losing streak. When that happens you should just move on or stop playing or perhaps go to another slot to change your luck. Quit While You Are Ahead: If you have been on a winning streak or have just hit a jackpot, it is a good idea to cash in your winnings and leave.
Three simple ways to turn bad luck around at live & online casinos.
Have you ever experienced a frustrating streak of bad luck at the casino? If you would call yourself at least a casual gambler, sure you have. We all have! It’s the nature of the game. Luck is not a lethargic tide. It rarely comes in comfortable ebbs and flows. It travels in erratic waves, cresting and crashing down with the unpredictability of the ocean. Before every violent hurricane is a calm before the storm, and no meteorologist can accurately foretell the storms path every time.
Losing streaks, winning streaks – they happen. No one worries about how to handle a winning streak. But many have asked, with regret dripping from the sorrowful inflection of their voice, how to lose a losing streak.
Ways to Turn Bad Luck Around
Your perception has more to do with your reaction to a bad luck streak than anything else. How do you perceive your gambling, or gambling in general? How do you perceive the losses you’ve incurred? What is your reason for gambling in the first place?
Some see gambling as a form of entertainment, and that’s exactly what it should be. You wouldn’t go to the movies and watch film after film, buying “just one more popcorn” each time the credits role, slurping down soda after soda and freebasing Junior Mints to keep your eyes open. You go watch a movie you’re interested in, or even a matinee. But once it’s over, you’ve had enough, you’ve gotten your money’s worth in entertainment, and you go home.
Gambling should be no different. If you see gambling as anything else, or attempt to chase losses every time you have a bad run, you’re asking for trouble. It’s like giving a child a grenade to play with after wrapping tape around the pin. Oh, it’s fine, it’s safe, it’s not dangerous – I put duct tape on it!
Perception is everything. Keep that in mind at all times. If you find yourself toying with a duct-taped grenade, you need to find a new hobby. Otherwise, keep a clear head and follow these three simple tips for turning your luck around.
#1 Bet Low, Play Slow
Slow your game down. Move around the casino and check out the sights, the sounds, the games. You don’t have to spend every moment wagering. When you do pick a game to play, just bet the minimum. No need to relinquish your entire wallet during a bad luck streak.
#2 Break It Down(Time)
Sometimes your best bet is not to bet at all. Walk away. Take a break. Everyone needs a little downtime now and again. As we already know, luck can be a volatile thing. You could be having a bad day, a bad week, a bad month… Find some other way to entertain yourself until the good-luck-train rolls back around.
#3 Practice Makes Precept
Very few forms of gambling can give you a positive expectation no matter how well you play them. Poker is the only game where skill can truly dominate. Blackjack and video poker are the only banked games that let you make definitive decisions, but they still afford a minuscule edge to the house. Even a mathematical savant can lose, because in the end, these are still games of chance, and as we know, luck is not a loyal friend. But you can spend your downtime practicing strategies that will increase your odds of – not winning more – but losing less.
If you really want to turn bad luck around, get better at the games you play. While riding out the unlucky streak, play free online casino games. Practice using a blackjack strategy chart. Learn how a pay table effects slot machines. Learn to play craps and how to take odds on the right bets. There’s a whole world of live and online casino games out there that may do far less damage to your bankroll, and offer a much more generous return when luck is on your side.
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Royal Vegas is going crazy with their promos this month if you are a Canadian based player. They are a serious operator and accept a host of easy deposit options such as eCheck. Quick payouts, and highly recommended.
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Remember the movie National Lampoon’s Vegas Vacation, when gambling fever consumes Chevy Chase’s character, Clark W. Griswold? He goes on a losing streak to beat all losing streaks while his son, Rusty, wins four cars by playing the slot machines. Maybe Clark would have done better if he had read Probability For Dummies! In this article, you discover the basic ideas behind slot machines and how they work, so that you can get past the myths and develop a strategy based on sound probability.
Slots Losing Streak Slot Machine
Understanding average payout
When casinos advertise that their slot machines pay out an average of 90 percent, the fine print they don’t want you to read says that you lose 10 cents from each dollar you put into the machines in the long term. (In probability terms, this advertisement means that your expected winnings are minus 10 cents on every dollar you spend every time the money goes through the machines.)
Suppose you start with $100 and bet a dollar at a time, for example. After inserting all $100 into the slot, 100 pulls later you’ll end up on average with $90, because you lose 10 percent of your money. If you run the $90 back through the machine, you’ll end up with 90 percent of it back, which is 0.90 x 90 = $81. If you run that amount through in 81 pulls, you’ll have $72.90 afterward (0.90 x 81 = 72.90). If you keep going for 44 rounds, on average, the money will be gone, unless you have the luck of Rusty Griswold!
How many pulls on the machine does your $100 give you at this rate? Each time you have less money to run through the machine, so you have fewer pulls left. If you insert $1 at a time, you can expect 972 total pulls in the long term with these average payouts (that’s the total pulls in 44 rounds). But keep in mind that casinos are designing slot machines to go faster and faster between spins. Some are even doing away with the handles and tokens by using digital readouts on gaming cards that you put into the machines. The faster machines can play up to 25 spins per hour, and 972 spins divided by 25 spins per minute is 38.88 minutes. You don’t have a very long time to enjoy your $100 before it’s gone!
The worst part? Casinos often advertise that their “average payouts” are even as high as 95 percent. But beware: That number applies only to certain machines, and the casinos don’t rush to tell you which ones. You really need to read or ask about the fine print before playing. You can also try to check the information on the machine to see if it lists its payouts. (Don’t expect this information to be front and center.)
Implementing a simple strategy for slots
Advice varies regarding whether you should play nickel, quarter, or dollar slot machines and whether you should max out the number of coins you bet or not (you usually get to choose between one and five coins to bet on a standard slot machine). In this section, you’ll find a few tips for getting the most bang for your buck (or nickel) when playing slot machines.
Basically, when it comes to slot machines, strategy boils down to this: Know the rules, your probability of winning, and the expected payouts; dispel any myths; and quit while you’re ahead. If you win $100, cash out $50 and play with the rest, for example. After you lose a certain amount (determined by you in advance), don’t hesitate to quit. Go to the all-you-can-eat buffet and try your luck with the casino food; odds are it’s pretty good!
Choosing among nickel, quarter, and dollar machines
The machines that have the higher denominations usually give the best payouts. So, between the nickel and quarter slots, for example, the quarter slots generally give better payouts. However, you run the risk of getting in way over your head in a hurry, so don’t bet more than you can afford to lose. The bottom line: Always choose a level that you have fun playing at and that allows you to play for your full set time limit.
Deciding how many coins to play at a time
When deciding on the number of coins you should play per spin, keep in mind that more is sometimes better. If the slot machine gives you more than two times the payout when you put in two times the number of coins, for example, you should max it out instead of playing single coins because you increase your chances of winning a bigger pot, and the expected value is higher. If the machine just gives you k times the payout for k coins, it doesn’t matter if you use the maximum number of coins. You may as well play one at a time until you can make some money and leave so your money lasts a little longer.
Slots Losing Streak Games
For example, say a quarter machine pays 10 credits for the outcome 777 when you play only a single quarter, but if you play two quarters, it gives you 25 credits for the same outcome. And if you play the maximum number of quarters (say, four), a 777 results in 1,000 credits. You can see that playing four quarters at a time gives you a better chance of winning a bigger pot in the long run (if you win, that is) compared to playing a single quarter at a time for four consecutive tries.
Slots Losing Streak Poker
The latest slot machine sweeping the nation is the so-called “penny slot machine.” Although it professes to require only a penny for a spin, you get this rate only if you want to bet one penny at a time. The machines entice you to bet way more than one penny at a time; in fact, on some machines, you can bet more than 1,000 coins (called lines) on each spin — $10 a shot here, folks. Because these machines take any denomination of paper bill, as well as credit cards, your money can go faster on penny machines than on dollar machines because you can quickly lose track of your spendings. Pinching pennies may not be worth it after all!