Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Frank Scoblete Archives
More Strategy Experts

Gaming Guru

author's picture

Money Management at Slots

16 December 2014

By Frank Scoblete
Gambling writers such as me (meaning writers who gamble and who also write about gambling) tend to give their money management advice as if it were manna from heaven. It isn’t. It’s merely an opinion usually derived over the years --- years when you learn what can and can’t be done when playing games where the casino has an edge.

There are plenty of experienced slot players who also have money management techniques, some good, some bad, some just awful.

Before we learn their “secrets” let me just lay out what money management isn’t. Simply, in games where the house has the edge no amount of money management can turn that edge in your favor. Essentially a good money management principle is to save losing so much money that you crawl into bed strongly desiring to suck your thumb.

CARLTON: I give myself $500 per day to play with. My goal is to win $500. If I get up that amount I put the $500 amount I originally gave myself in an envelope or in the safe in my room and then use $200 to play with. No matter what, for that day I have won $300. Should I turn that $200 into another $200 win, I take the first $200 and put that away. I play quarter machines only. I play for maybe six hours a day divided into three or four sessions. I find this money management works for me.

DANIELLE: I try to play all day long from when the bus drops me off until the bus picks me up, with a break for lunch and to go to the bathroom. I play on $200 only at quarter machines. I play one coin at a time and my money lasts a long time. I usually lose most of the $200 because I can’t resist playing. I go to the casinos one day a month. I figure this is fun money.

CONNIE: I have a separate bank account for my gambling money and I put about $200 a month in it. I did this for a year without going to the casinos to give me a large enough amount not to have to worry about losing. I still put the $200 a month in the account and any wins that I might get when I am playing. I find this is a way to ease the fear of losing money because the gambling money I have is geared strictly for gambling, nothing else.

RICHARD: I play dollar machines, full coin. I play for as long as I feel like and I have played marathon days. I once played for 24 straight hours! I don’t like to go to the movies or plays or even out to dinner. The only thing that really turns me on is playing slot machines. I’m divorced and I have no kids and I don’t intend to leave any money to anyone when I pass on. I’ll use my money to play with.

MARLA: I am a very slow and deliberate slot player in Atlantic City. I drive down once a month with my husband. He plays craps and I play the slots. I also take long relaxing walks on the Boardwalk and right on the beach.

We use separate money from our own accounts because he is crazy when he plays and he usually makes terrible bets at the craps tables. I play what are called “stand alone” machines and I look for the ones that pay an equal amount across the jackpot line like, you know, $400, $800, $1,200 where you get no reward playing full coin. I therefore only play one coin. By playing one coin I play two-thirds less money in a day. I usually go home with at least some of my initial money in my pocketbook. My husband goes home with empty pockets.

BARRY: Don’t get me started. I have lost a lot of money because I used to play like a wild man. I would go on binges thinking I would win all the money I lost with one giant jackpot. I’ve hit jackpots but I have never made enough to get back to even. Now, I give myself maybe $400 a session and I play four sessions for an hour each. That’s it. Whatever I have after four sessions, win or lose, I am done for the day. I am no longer a wild man. I know how to pace myself now.

JANE: My friend Mary and I play as a team. We spread out our play. We sit right next to each other. I play my three credits. She waits. Then she will play her three credits. We take our time, talk to each other and anyone around us who wants to talk. We look at our play as gambling and socializing. We go maybe two days a month and we have a great time.

FRANCES: I go to the casinos about two days in a row every month but I play very cautiously. I like to go to the shows and I enjoy just people watching. I might play maybe two hours a day. If I am ahead I might try maybe $100 in a five dollar machine. But I am conservative and I never allow myself to go nuts. There are too many great things to do in the casinos. I enjoy getting massages and using the other spa facilities. I try to take advantage of everything a casino offers.

This article is provided by the Frank Scoblete Network. Melissa A. Kaplan is the network's managing editor. If you would like to use this article on your website, please contact Casino City Press, the exclusive web syndication outlet for the Frank Scoblete Network. To contact Frank, please e-mail him at


Ten Mistakes of Slot Play

9 December 2014
Let’s have done with the sarcastic response first. Question: “What are the biggest mistakes of slot play?” Sarcastic answer: “Number one is playing the slots! Yuck, yuck, yuck.” So much for that. In truth, the biggest mistakes of slot play have nothing to do with playing slots. Some have to do with how folks play the slots and some with what machines some people choose to play. ... (read more)

The Bus People

2 December 2014
The “bus people” is a common phrase in Atlantic City because so many of the weekday players come from different areas of the Northeast on buses for single-day visits. You see those buses tooling along the Garden State Parkway and the Atlantic City Expressway in the mid-mornings bringing players to the ... (read more)

The Grinding

25 November 2014
I think many casino players are aware that the house has the edge on just about every bet they can make; yet these players are not fully aware of exactly how the casino does this. Sadly, they play many of the games poorly because they cannot see the hidden costs of what they are doing. Many of those hidden costs actually come when the players win as I shall show you later on in this column. ... (read more)

Next 10 Articles >

  • Featured Articles

Ask Frank: Spanish 21 Strategy

Hello there, Living in Canada, I find that the rules are more liberal here than at other casino locales, such as the dealer standing on all 17s for Spanish Blackjack. In your book, Armada Strategies for Spanish 21, there is only a strategy for when the dealer hits soft 17. I w... (read more)

Ask Frank (Playing Winning Craps)

Dear Mr. Scoblete: In your book Forever Craps, you recommend to play one Don't Come bet per shooter without odds in order to reduce your exposure to the house. I usually play at casinos that count the spread and odds. If I play one ... (read more)

Bad Ways to Play Good Casino Games

You've met this guy before. He's cantankerous, witless, and loud. He knows everything about everything when it comes to casino games. He's a self-made expert who knows more than all writers and mathematicians combined, and as he doubles on his thirteen against the dealer's ... (read more)

The Craps to English Dictionary

Craps is another country, a kingdom with its own mores, legends, myths, rites, rituals, superstitions and government. It also has its own language, much of it easily misunderstood as sexual or scatological references. For those of you interested in journeying to this ... (read more)

Craps Crap and Craps Gold - Part 1

What do the following sayings have in common? "An apple a day keeps the doctor away." "Better late than never." "High fences make good neighbors." "Always play the Pass/Come and take full odds." Answer: The above statements are true. Yes, some people might quibble and say that you can eat as ... (read more)
Frank Scoblete
Frank Scoblete is the #1 best selling gaming author in America. His newest books are Slots Conquest: How to Beat the Slot Machines; Everything Casino Poker: Get the Edge at Video Poker, Texas Hold'em, Omaha Hi-Lo and Pai Gow Poker!; Beat Blackjack Now: The Easiest Way to Get the Edge; Casino Craps: Shoot to Win!; Cutting Edge Craps: Advanced Strategies for Serious Players; Casino Conquest: Beat the Casinos at Their Own Games! and The Virgin Kiss.

Frank and Casino City Times columnist Jerry "Stickman" teach private lessons in dice control. Frank's books are available at, in bookstores or by mail order. Call 1-800-944-0406 or write to Frank Scoblete Enterprises, PO Box 446, Malverne, NY 11565. Frank can also be reached by email at

Frank Scoblete Websites:

Books by Frank Scoblete:

> More Books By Frank Scoblete