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About That Gamble Option on Slots

17 June 2011 by admin

Gamble OptionIf you play a lot of online slots, there’s a good chance you’ve come across games with the gamble option. You might be thinking, hey, aren’t I already gambling? What is this craziness? Yes, you were already gambling by playing the slot, but the gamble option allows you to gable your winnings on each winning spin.

Here’s how it works. Let’s say you spin the slot machine and you hit a winning combination where the casino gives you $10. You can either take the $10 and put it back in your bankroll or you can choose to gamble it. If you gamble it, you generally have two options – double or nothing or quadruple or nothing.

The double or nothing bet is going to give you two options and a 50% chance of guessing correctly. The most common one is guessing the color of a card. There will be a deck of cards face down and you have to guess whether the next card will be black or red. If you guess black and the card is flipped over, revealing a black card, instead of $10, you win $20 for that winning spin. However, if the card is red, you win nothing and that $10 that you had won is now gone. That is the risk of the gamble option.

The quadruple or nothing bet is going to give you four options with a 25% chance of guessing correctly. Again, the most common one is using a deck of cards, this time choosing the right suit. There will be a deck of cards face down and you have to guess which suit the next card will be. It could be spades, hearts, diamonds or clubs. If you guess correctly, instead of $10 you win $40. However, if you guess wrong, that spin won you nothing.

So is it a good deal? We here at like to keep you informed and provide you with the best chances of winning. For that reason, I can’t really recommend using the gamble feature on an online slot. The house edge on that is much higher than on the regular slot game. Also, much like letting it ride when playing blackjack or another table game, I recommend keeping your winnings instead of wagering with them. That way, you know you’ll at least have some money to show for your gaming. Some people like the gamble feature even knowing that it has bad odds, though. They love the drama and risk. If that’s you, then there’s nothing wrong with using it. Just make sure you know the odds.

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