Online Gambling Mistakes – 7 Terrible Issues
Introduction: Online Gambling Mistakes
Once every so often we like to come back to the theme of online gambling mistakes. This isn’t a way of poking fun at the faux pas that gamblers make, but rather to look in greater detail at the common online gambling mistakes made by millions of gamblers on a daily basis. The more online gambling mistakes we can focus on, then the more educated gamblers will be (hopefully).
With an ever-increasing number of gamblers and casual gamers joining online casinos, it’s not surprising that the number of costly online gambling mistakes is going up. In 2020, the British gambling industry managed to pull in an excess of £4.5 billion, with over half of that money coming from casino players. That’s an impressive number and as we speak and continues to grow. In mixed in with all that cash are a huge number of silly, ignorant and foolish wagers born from any number of online gambling mistakes.
Nevertheless, as casino games become more and more popular, along with easier to play, it still hasn’t eliminated the number or sheer scale of online gambling mistakes being made by new players. So today we’re going to look at some more online gambling mistakes that you should try to avoid when you’re gambling, either online or at the real casino.
Online Gambling Mistakes: Ignoring Your Level
Yes, we all believe that we’re much better than we really are. That’s just human nature. And many casino gamblers find it difficult to be honest with themselves when it comes to recognising both their level of play and their playing limitations. One problem is that many new players who want to win the jackpot online, find casinos on which to play, on which they are first spending time playing free games. With this, there’s no money to put down, but at the same time, you are experiencing the exact same gameplay as if you were playing with real money at a casino. This is the road to another online gambling mistake.
Because new players tend to focus on the wins, this leads to a gambling “God” complex. Essentially, they think after playing a few rounds of free poker or blackjack, that they are now invincible Gods of Gambling. This doesn’t bode well for when they come to play with real money. We suggest that if you’re a newcomer, you should only proceed with a great deal of caution. Take things one step at a time, especially if it’s a new game to you. We do suggest that you should play for free as a means of learning the rules and any strategy if that exists at all. Don’t worry about the prestige or the class of the game.
Only choose games where you understand what’s going on and know the rules to a tee. This will allow you to fully immerse yourself and have an enjoyable experience. In truth, acknowledging your limitations is not a sign of weakness, but is going to be the first step to having a great time. For the best time, we highly recommend playing at King Billy Casino. From their massive selection of games to their great bonuses, you’ll certainly have a great playing experience.
Online Gambling Mistakes: Believing The Bonus Hype
Most gamblers today understand that the bonuses offered to new players are not necessarily what they first appear to be. It’s a case of “beware of Greeks bearing gifts.” Unfortunately, it seems that every bonus has two opposing sides to it. One is what the casino wants you to see. And the other is the reality you’ll experience if you make use of it. But there are still many players who are brand-new to playing online jackpot games, and they find it pretty much impossible to resist any kind of bonus, welcome bonus, discount or incentive, no matter how crazy or over-the-top it might seem. This is another of those basic online gambling mistakes.
But the golden rule of nearly everything in life is that if something appears too good to be true, then it probably is.
It’s important that you always keep in mind that the casino exists as a business to make money. They are certainly not a charity and they are not, and have never been, in the habit of giving away free cash. We’re not saying that all these bonuses and other incentives are necessarily evil, but that you should always consider all the options before you take them. To that end, you should always take your time to read the terms and conditions of the website on which you’re playing. This is in order to see exactly what will be needed from your end for you to be able to cash out any winnings taken from these incentives.
Many bonuses will offer to multiply your initial deposit with, what looks like, free money. The only problem is that virtually all of these offers require the new player to first play what are known as “wagering requirements” before they can actually cash out. A wagering requirement is the number of times they need to play the initial sum of money, with their own real cash, before they can touch the bonus amount. For one 0f the biggest bonuses, you should head over to King Billy Casino. They are offering 151% up to €/$500 + 51 bonus spins!
Online Gambling Mistakes: Fake Registration
We can understand that playing online at an unknown casino with real cash might cause some gamblers to be concerned about data protection, in particular with their personal and banking details. These players will look for a reputable casino with a proper valid licence from a reputable licensing authority like the UK Gambling Commission or The Malta Gaming Authority. They will take their time to read the small print and terms and conditions, maybe taking in some reviews of the site in question from other players, and only then with a clear mind made up, they will sign-up, deposit funds into their new online casino account, and start to play.
But there is another type of player who is not so trusting. Or maybe can’t be bothered to do the necessary work and look into the background of the casino they’re about to play at. For whatever reason, every day thousands of new gamblers sign up using fake names and fake addresses. Perhaps this is a way of remaining anonymous. Often, after the initial sign-up, they will deposit funds into their new account and start to play. Once again, one of the most basic of all online gambling mistakes. Unfortunately, from this point, it’s all downhill.
Obviously, they haven’t thought it through very well or else they would realise that the moment they win something, they will need to verify their identity before they are able to withdraw any funds. So whether you’re lucky enough to win £10,000 or £1000000, you’ll not be able to claim your winnings, and even worst, might have your claim invalidated because you would have breached the casino’s own terms and conditions, by which you are allowed to play. Turning up the ante, you could even be prosecuted as giving false details over the internet to an online casino is illegal.
Here’s the thing; it’s better to be open about everything because at some point the casino will need your real identity. So please don’t waste everyone’s time by giving fake information. These sort of online gambling mistakes are about as far away from being a jackpot winning strategy, and will only end in tears.
Online Gambling Mistakes: Chasing Losses
Here at JackpotFinder, we all think chasing losses is probably the worst mistake any gambler can possibly make. That may sound harsh, but chasing losses leads some players to places where they would rather not be. This can include bankruptcy, depression and even suicide. Once the gambler starts chasing losses, then his mental abilities fly out the window and any chance of making logical or rational decisions is gone the same way as his bankroll.
Ask any seasoned or veteran gambler, and they will tell you the same story That nothing matters more than knowing when to call it a day and walk away. The fact that you are chasing losses really means that you haven’t accepted the reality of the situation you’re in. That’s why we suggest you step back from the table, turn around, and go for a walk, preferably outside of the casino. If you’re playing online, then go and make a cup of tea. Just take a complete break to clear your head. Take time to consider your attitude before you return to the table.
Online Gambling Mistakes: Ignoring The Odds
If you’re a sport’s better, then nothing is more important than keeping one eye on the ever-changing odds. One point to keep in mind is that not all online betting sites will offer the same odds on the same sports or even the same events. If you look carefully, you’ll find that the differences between one bookmaker and another, or from one gaming website to another, can be absolutely enormous.
We tend to think that if you’re going to be betting on sports then you should really be thinking about winning as much as possible. It makes no sense to sell yourself short if on another website you can find better odds. In fact, in today’s internet age, there’s really no excuse for making more online gambling mistakes of not finding the best odds, as a simple Google search will give you those results within a matter of seconds. Going back a few years you would have to peruse the newspaper or actually visit betting shops in the high street to see the odds.
Being lazy will cause you to make online gambling mistakes. Today, if you do a tiny bit of homework, whether on your phone or PC, you can find the best odds for any sport, and it may lead to you having potentially huge winnings.
Online Gambling Mistakes: Being Greedy
Always remember that neither winning streaks nor losing streaks will last forever. In fact, in the time period of a couple of spins or hands played, your winning or losing streak could well be over. If, for example, you enjoyed four lucky rolls at the craps table, then the possibility of another four coming in a row is much reduced. We’ve already talked about chasing losses when it comes to losing streaks, but there are also at the other end of the spectrum.
Winners, who after a few wins, believe they are now blessed with some sort of good fortune fairy dust, which will see all the following moves result in wins. It’s as if they feel they cannot lose, even if they tried. This never ends well. But all that’s really going on here is the emergence of one of the deadly sins, namely greed. Just like the gambler who has lost his focus and logical thinking when on a losing streak, the gambler who’s on a winning streak will experience exactly the same sensations along with the same lack of judgement. For either player, these types of online gambling mistakes are not a good thing.
In the same way that it’s critically important to know when to cut your losses and step away from the gaming table, the same holds true for someone experiencing a winning streak or a number of wins in a row. Even if you’re playing on the best casino site to play, don’t push your luck, because it’s more fickle and fragile than you could possibly imagine.
