# Change the size of a slot machine bet

I recently read an article where someone asked for advice on changing the bet size when playing slot machines. The idea is that when you’re ahead, you raise your stakes to try and win bigger. I’ve also seen some questions over the years about betting more on losses to try to make up for past losses on wins. These look like two different problems, but they are actually the same problem. The answers to both questions should be the same. In the article I just read, the answer is good, but it doesn’t cover the real reason in depth enough. Anyone asking these questions has no idea how slot machines work. They also don’t really understand how expected value and long-term expectations work. I’ll explain why changing the stake size doesn’t matter when playing a jili slot machine. The truth is, the more you gamble, the more you lose. These two things may not seem consistent, but after you understand how slots work, you’ll see why both statements are true.

## Slots and Expectations

Every slot machine in existence, whether located in a casino or online, has a built-in edge. The house edge is how the casino makes money, and it is impossible to overcome the house edge on a slot machine completely legally. By “overall” I mean the collective money made by the slot machines. Expected value is a term often used in gambling as a way of expressing the value of a betting decision. It is most commonly used in poker to determine the best way to play a hand in a given situation. You can also use it in games such as blackjack to determine the best way to play your cards. In games like poker and blackjack, you can make strategic decisions based on expectations. Bets on slot machines also have expected value, but they are all negative. A negative expected value means that, on average, you will lose money. Here’s an example of expected value on a slot machine. If the slot machine has a 5% house edge and you bet \$1 per spin, the expected value per spin is -.05. You may lose all \$1 or win something on a single spin, but the expected value is the amount you expect to lose on average over thousands of spins. Extending this example, if you bet 500 times in an hour, your expected value is -\$25. In other words, you can expect to lose \$25 an hour playing this slot machine. Again, this is an average, so in any given hour, you could lose more or win. The house edge is the same whether you bet \$1 or \$100 per spin. The same is true if you lose the last three spins or win the last three spins. The house edge doesn’t change, so changing your bet size won’t help you win more often.

## Slot machine long-term expectations

This sounds similar to what you learned in the previous section because it’s closely related. The mistake that many slot machine players make, such as asking two questions in the opening section, is to think that past outcomes have somehow changed future outcomes. But how can you believe you should raise after a losing streak or winning streak if there is nothing you can do to change the house edge? It is believed that since the long-term outcome must be very close to the expected outcome, it must be corrected in one way or another after a winning or losing streak. But the problem with this is that the strengths and expectations of the house are based on a large number of outcomes. It is not based on 10 or 100 spins like many players, but on hundreds of thousands or millions of spins. Even if you win 10 spins in a row, it doesn’t change the odds of the next spin happening because the machine is based on such a large number of spins. I’ve tried to show you why without involving complicated math, but you can do math on the effect of short streaks in a large number of results to justify what I’m saying. When many players correctly guess the next outcome after a streak, their belief in a short-term streak gets worse. This reinforces what they want to believe, even if the math says it’s not true. If you win 10 spins in a row, what do you think is most likely to happen on the next spin? Some players said that they lost money because the machine expired at a loss. Other players said they won because the machine was hot. How can these two views be true? The truth is that neither view is true for the reasons they think they are right. The real chance of winning or losing is 100%, depending on how often the machine is programmed to generate winning spins.

## Is it correct to change the bet size of a slot machine?

When I play slot machines, I do it in what’s called a “jackpot or bust” mode. I set aside a bankroll to chase the jackpot and keep playing until I hit the jackpot or run out of money. Most of the time I run out of money, but every once in a while I get lucky and hit a small jackpot. I know that in the long run, unless I hit the big slot jackpot, I’m going to lose. I can accept it, just like I can buy a lottery ticket to chase the jackpot. The odds of winning are low, but I’m willing to risk it for the chase. I always bet on the slot machine of my choice to qualify me for the jackpot. I tend to look for machines with low wagering thresholds to unlock the jackpots, as I want to get as many spins as possible. If you bought a lottery ticket, did you spend more money than the lottery ticket? Did you buy the clerk a \$3 ticket for \$5 and didn’t want your \$2 change? This is how I feel when I bet when I play slot machines. That’s why I never bet more than the minimum amount to qualify for the jackpot when playing a slot machine. There are two answers to the question of changing the stake size while playing a slot machine. The first answer is that if you bet more than the minimum, then you should bet less. The second answer is that it doesn’t matter if you change the stake size for any other reason. As long as you understand that the more you gamble, the more you lose, you can do whatever you want. It’s your money and you can play as much as you want.

## In conclusion

You are welcome to change your bet size at any time while playing slot machines. Whether you win or lose, changing the size of your bet won’t change your chances of winning. The only things that matter are the house edge or house edge you are playing against and the average bet size of your bet. When you bet more after winning, you only lose more in the long run. Gamble more when you lose, and you will only lose more in the long run. The only way to lose less money in slot games in the long run is to bet less. The best way to play less slot machines is to stop playing. But it’s not very fun, and if you don’t play, you’ll never hit the jackpot. I don’t recommend you stop playing. But with smart money management, keep your bankroll as long as possible and you have the best chance of winning before your bankroll runs out. In the long run, the only way you can get ahead in a slot game is to win a jackpot big enough to cover all your previous losses. This doesn’t happen very often. The best chance to do this is to make the smallest bet to unlock the jackpot and hope for the best possible outcome. Changing your bet size won’t help in the long run.