When writing about gambling, it’s easy to lose sight of the importance of money. My bankrolls are never more than a few hundred dollars, even though I’m frequently writing about multimillion-dollar jackpots and people betting more each hand than I did on my last car.
Low-cost bets at casinos offer a lot of value. It’s more than possible for folks like me to spend an entire day at a casino anyplace in America with only $100 to spend. I prefer low-stakes games that allow me to play for as long as I want without paying more than I can afford.
This article will discuss the various ways you can gamble for a long period with simply $100.
Low-Cost Slot Machines to Play
Yes, you can play some slot machines for pennies on the dollar. They aren’t always the most popular games, and you won’t always find all of the latest features and licensed characters and such, but if you choose the appropriate games, you can have some fun for a low price.
You must be cautious when playing penny slots, as they sometimes require large maximum bets to have a chance of a fair reward. Instead, look for a slot machine that allows you to place a maximum stake for as little money as feasible.
Another issue with slots is that, unlike other casino games, we don’t know the exact payback percentage, so we can’t predict how much money you’ll lose.
You could gamble for a long time with your $100 bankroll if you can keep losing $5 each hour. Your actual outcomes will differ from the theoretical returns, but you may still gain money.
But that isn’t the aim of this exercise; the goal is to gamble you can for the $100 you have on hand. To do so, choose a low-cost bet max machine and reduce your game speed slightly.
Purchase $100 worth of scratch-off lottery tickets.
Why do I put so much emphasis on scratch tickets? Draw games have a lot of money to give away, but they only draw once or twice a week, and that’s a little too slow. I’m looking for immediate gratification, and I’ve got $100 to spend on lottery tickets.
If I buy 100 $1 scratch cards and scratch one every three minutes, I’ll have spent five hours gaming.
Let’s say I go to the Texas Lottery and purchase 100 Weekly Half Grand tickets. Because the odds of winning any reward are 1 in 4.78, I estimate that my 100-ticket haul will yield around 20 winners. Prizes range from $1 to $1,000 on that ticket. I might be able to pull off a solid hit, but I’m sure I’ll be lucky to break even.
Probably not; however, if you’re a scratch game fanatic, scratching 100 of them in one session might appeal to you. You might even have some fun online by live streaming yourself scratching. And if I won the top prize of $1,000, I’d get a 10:1 return on my $100 investment.
For five hours of low-cost gambling, it’s not awful.
Play Keno as though you’re a pauper
If you want to gamble in a casino and take in the ambiance, playing Keno can be a cost-effective method to do so.
The majority of casinos allow you to play for as little as $1 per ticket, and you can even purchase ten tickets in advance. Because Keno is a slow game (maybe 12 outcomes every hour), you can mark up your access, pay your $10, and relax for an hour of people-watching, free sodas, and whatever else you can think of.
Keno has a huge casino advantage. On average, you should expect to lose around $0.75 per decision or $9 per hour. Still, for a $100 investment, you get a lot of enjoyment. Expect low-cost gambling rather than large payouts.
What you don’t want to do is begin acting like a millionaire. Keno machines should be avoided because they yield more than 12 results every hour. You could sit and play Keno for ten hours or more on a $100 bankroll if you play slowly and keep track of your spending.
Poker Tournaments Aren’t Always Expensive.
You’re probably not too far from a poker room or casino where you can participate in a poker tournament. You’ve just quadrupled your chances of playing tournament poker if you can play online poker.
If you have $100 to invest, entering a few single-table tournaments throughout the day will provide you with a lot of gambling time without having to spend another dime. Your entire investment is at the very top of the competition, and you win or lose solely on your own merits and abilities.
If you finish in the money in any of these single-table tournaments, you’ll almost certainly make a profit for the day.
I’ll be occupied all day gambling if I take $100 and enter eight $10+$1 sit-and-go tournaments. I’ll never spend more than my $100 bankroll. I usually double my buy-in and win $20 if I finish third, and I should treble it if I can finish second. If I’m lucky and win one of these, I’ll make $50, which is about half of my bankroll all at once.
You’ll need to know how to play poker to pull this off. You shouldn’t enter $10 buy-ins if you’ve never played before or aren’t confident in your abilities.