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Money Management Tips

Read these 2 Money Management Tips tips to make your life smarter, better, faster and wiser. Each tip is approved by our Editors and created by expert writers so great we call them Gurus. LifeTips is the place to go when you need to know about Gambling tips and hundreds of other topics.

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Gambling Betting Tips for Slot Play

No matter if a person is gambling at an online casino slot machine, a land-based casino slot machine, or another location, winning strategy is the same: the higher the bet, the higher the win. The only trouble with that is that the person gambling will run through their stake money fastest when betting high bets.

Commonly understood betting tips include the fact that a win potential is maximized if the gambler is betting all possible plays, or lines on a slot machine. Likewise, gambling the maximum number of coins can greatly increase a win. What the gambler needs to look for is the payout schedule. This is true when playing regular slots or card game slots.

For example, on a five-coin machine, the highest win at one-coin play might be 1000 coins. If the payout is 10,000 coins on the five-coin bet, it is worth making the max bet. If, however, the payout at five-coin play is only 2500, think about not making the highest coin level bet. You may be ahead, last longer, and increase chances of getting a big win with the lower coin level bet.

Obviously, the win at the higher coin levels will always be more than the win at a single coin bet. The question to ask is whether or not the increased payout is worth the higher play amount you must risk.


Gambling and Strategy

When gambling online or at any casino, the smartest play is to have a gambling strategy! This means planning the visit ahead. Nothing can wreck a bank account quicker than gambling without thinking. This always leads to trouble and faulty reasoning.

Sometimes the gambler will get carried away and pull out extra funds because they wrongly believe that if they play through enough money, eventually they will get the big win. The sad truth is that each and every play has the same odds. Just because a gambler has been gambling on the same slot machine for an hour and done 1000 spins, it does not mean that that 1001st spin will create the big win. Or that if they leave that machine, the next player will pick up the luck and win big. The odds are the same on slots for the first spin as the last; there is no improvement and the odds always favor the house.

To plan out a gambling strategy in advance is the best move, and it is a sure thing. You will not lose more than you take in. Leave the credit cards, bank cards and extra cash at home, where it is unavailable. Then go play your stake and have fun. Maybe win, maybe not. With a gambling strategy, you control your gambling expenses.

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Ray Lokar