Fixing Common Mistakes Costing You Big Time on Online Casinos

It is true that gambling is a game of luck and that a punter can only either win or lose a bet, however, some gamblers are more successful than others because they effectively avoid some common mistakes others make. Newbies and experienced gamblers can relate to the mistakes discussed below, and the good news is, you will see positive differences if you follow our instructions.

Mistake 1: Having the Business Man’s Mentality

As good as this type of mindset can be for anybody, it is very unrealistic, and any punter who wants to have peace of mind and not get addicted should change it. A businessman is always counting his losses, doubling future bets (or playing max bet) to see if they can win big to earn back what they have lost. This is not always a smart move in gambling since you can either win or lose. Instead, adjust your bet upwards once in a while (so far it is cash you can spare), then hope that your luck makes you hit the jackpot! Simply play to have fun, and it will always be a win-win situation for you.

Mistake 2: Having No Strategy

It is better to play with a strategy that to not have any at all. Now, much online software such as slot machines come with in-game strategies to help control your spending. Some of the most effective strategies include:

• Increasing your bet after 4 to 5 losing streak, since your chances of winning the next spin are high.
• Playing using max bet and autoplay options. This allows you to program the slot machine for example to run for multiple times with your regular bet. Some autoplay options also allow you to program the game to stop after a loss/win limit is reached.
• Reducing your bet after a big win, you know the casino is also a business venture and they won’t always want you to win.

Mistake 3: Not Taking Time Off to Enjoy your Big Wins

The biggest enemy of every punter is greed! We said this with an exclamation mark behind it because most gamblers can relate to this. We have had cases of gamblers like Stu Ungar, who blew his $1 million fortune on sports betting (which he wasn’t good at), Erick Lindgren who ended up with debts worth $12 million after going all-in with his $300,000 he won on Full Tilt Poker, etc. Instead, after you hit a big win, do not go all-in immediately, take some time to enjoy your fortune on travels, and doing things that make you happy.

Mistake 4: Not Maximizing your Welcome Bonus

Most punters undervalue welcome bonuses they receive on online casinos; some do not even redeem it at all. As you already know, welcome bonuses usually come in the form of free spins and cash prizes. These prizes can serve as a big cushion and boost to your gambling experience. We know how difficult it can be to fully gain real money value from these bonuses, but in the long run, you have an advantage over the casino since you get to bet with free money and study the games without risk.

Mistake 5: Not Knowing the Rules of the Game

As much as you are eager to hit the PLAY button and start playing online gambling games for real money, we advise that you take some time to study the rules of the game. Knowing the rules of the game can save you a fortune, imagine losing all your earnings due to a slight malfunction on the system or because you merely closed (to reopen) your browser or the game app on your desktop or mobile device?

Mistake 6: Getting Distracted in a Live Casino

We know the pretty faces at a live casino are worth the long stares, but you should not get carried away. There are usually other players on the table (e.g. poker) so, you do not expect the host to always be there to fix your mistake when you lose your turn to deal cards or play. Always stay focused so as not to misplay hands.

Mistake 7: Following Cliché

People make this mistake mostly on Roulette games, by for example dogmatically picking a “lucky number 17 or 7”. This system may not always work, so we advise players to pick random numbers, bet on colours, bet on the ball landing on even or odd numbers, just like having an adventure.

Mistake 8: Playing on Unregistered Casinos

This is perhaps one of the costliest mistakes noobs and even some experienced players make – playing on casinos that are not licensed or legit. Fixing this is simple, check that the online casino that you are about to use is licensed by appropriate authorities such as the UKGC (United Kingdom Gambling Commission), or the MGA (Malta Gaming Authorities).

Conclusion

No matter how lucky you are at gambling and winning, you can ruin things for yourself when you make silly mistakes. So, change your mindset, do not stake more than you can spare, avoid clichés, embrace strategies, stay focused, and in all play to have fun.