It cannot be overemphasized how important loss control in slots is. The wins will come, but the key is keeping your losses to such a minimum that when you do hit the winning streak, you don’t have a lot of losses to regain.

There is a method referred to as naked pulls and it’s useful in getting you away from a cold slot machine before you lose all your money. Naked pull is a play in which you get nothing. If you get nothing over a series of plays, then that machine is cold. To set a naked pulls number pick a number between 7 and 14. You have to give the slot game at least 7 pulls, but when the number of naked pulls is more than 10, it’s very likely it’s a cold machine.

Let’s assume you choose 10 as your naked pulls number. The moment you reach 10 pulls with no outcome, you should end that session. Don’t think about just one more pull, simply leave the machine. One more will lead to another then another and so on, before you realize it, you’ve just given all your cash to one machine.

One thing you should particularly keep in mind is that winning is often all about picking the right time. You should simply cash out when you’ve had enough – enough losing as well as enough winning. If you lose three hands in a row, walk out, catch your breath and try another game later. Always keep a sum of money in your head that you’ve set as your threshold values. For instance, you may have $100 in cash on, and set yourself the following limits: “If my money goes down to $50 or goes up to $175, I’m done.” Make these limits reasonable and, more importantly, stick with them – that’s the only method to consolidate your winnings or fight another day. If you win big, pull out your principal and coast on the winnings alone – that way, even if you lose it all, you won’t be out of pocket. The rules I present here are all simple, but it is easy to forget about them in the heat of the moment. That is precisely why you are advised to set you thresholds BEFORE you play and strenuously stick to them during play.

Another piece of advice from me is to have the right attitude. Remember that you’re playing for money here! You should expect to lose at least some of it and be thankful if you are able to win something. Do not be greedy, and learn how to spend your time at the tables so as to enjoy yourself the most. My philosophy goes like that: “Even if you lose your entire principal, you will have played enough to have made the experience worth it. Winning is just gravy.”

The first thing you should do is to set up a free Neteller eWallet account. The next thing, and probably the most important one, is to set up a second “checking” (or “current”) account, without (that’s important!) Internet banking facilities and without a debit card. I often refer to this as my secure account. This account is the one I use on daily basis and it I pay all my direct debits and bills from it. As soon as I get my salary cheque, I put it into my original bank account, and transfer over everything except what I know I can afford to play with to my secure account, out of harm’s way. This provides me with a simple entertainment allowance in my main bank account which I can easily access online or with my debit card. When the account is dry, it stays that way until next month.

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