What should my walk away limit be when playing slot machines?

Question

When playing slot machines, how do I set a walk away limit to ensure I don't lose all my winnings?

Answer 1

Set a walk away limit by aiming to double the money you put into the machine. For example, if you start with $100 and get up to $225, you can play it back down to $200 and then walk away. As long as you're winning, you can reset your walk away limit in real time, but always set a hard limit and cash out if you hit that limit.

Comments

There is only ONE strategy that works every time. Take only the money you can afford to lose. Call it entertainment expense. Parse the amount over the amount of time you will spend at any one casino so you have enough to make it fun. Be prepared to lose it all. If you walk away with money, GREAT! If not, you had a good time - just as if you went to a movie. During slots sessions, it does make sense to have win goals and loss limits. It is fun to walk away up (or not all the way down). In any case, gambling should be for entertainment purposes only. Casinos are a for profit business. No one can beat them or they would be out of business. Have fun, stay disciplined.

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Hello LUTT, I found your video very informative and educational. I too have tried the JJ advice and came back similar as you did, several times. I do admit one time I became a bit impulsive or frustratingly anxious and lost more. That "discipline " you speak of is critical to walking away "healthy" is the best term I can say. Thanks again for your video. At least I don't feel alone anymore.

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If you leave after 5 dead spins, it may have paid out on the 6th spin. Nobody knows if it would have or not. It's random. However, my impression is, playing higher bet amounts gives you more wins. That's how casinos reward higher investors.  That does not mean they will profit overall, but are enticed to return.

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I learned the same... my problem is "The Walk Away"

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Your tips are spot on people need to always need to remember they need to bring a certain level of discipline with them. Along with money they can afford to lose. Gambling with money set aside for your rent/mortgage etc. is something you want to stay away from at all costs. Setting limits is key. Knowing when to walk away is another. Great video!

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Good job. Hope you show more tests like this. Be careful when you are counting dead spins and consider one of the a kickback.  On Cleopatra you won 12 cents and pointed at the “20” which was the number of lines you were betting when in reality you were betting “40” cents which would make it a dead spin.