You might have been gambling very often but is it easy to avoid the popular gambling mistakes that most players usually commit knowingly or unknowingly? And if you have gambled for any period of time, you must know that being successful at gambling is not an easy affair by any means.
Although you may not be able to control the odds or where the cards fall, still there are many common, small mistakes you can avoid in order to have a more satisfying gambling experience.
I have compiled here a list of five of these gambling mistakes that can be easily avoided with a little awareness.
1) Thinking You Are Due to Win
This is a part of “The Gambler’s Fallacy,” in which it is a common faux pas among newbies is that as a particular outcome hasn’t occurred in a while, it is more likely to occur in the near future and vice versa. But the fact is most gambling games are not at all related to each other, and like in a coin flip, the next result has not at all related with the last ten. Keeping this rule in mind can keep you in check from making what could otherwise be irrational bets.
2) Not Knowing Which Game to Play
Not aware of the rules of a game is one thing, but there’s also a roster of games that you must avoid altogether if you are looking to do more than just play for fun, irrespective of the odds.
The suggestion is games like Big Six Wheel, Caribbean Stud Side Bet, Keno, Baccarat Tie Bet, and Roulette all are the games have house edges anywhere from 5-25%. And although blackjack is known for being the casino game that gives you the best odds, but only if you know basic strategy and follows it. Taking insurance bets and playing on “hunch” bets in the game can add to the casino edge anywhere from up to 8-20%. In addition, other casino games that can give you better odds include craps and some video poker machines.
3) Not Sure What You Are Playing
Not all casino table games offer equal opportunity, even if they appear to be the same. Even with some of the most common games in the world like roulette, there can be multiple numbers of variations to enjoy. Also, most of the version would have a different set of rules compared to what you are used to playing online. Although these differences don’t appear to be huge ones, they could be the difference that can make or mar your day in after 25 minutes of play.
Many online casinos have free play features using which you can learn the ins and outs of a game without risking any money, and most live casino dealers would be delighted to explain all the rules before you start to play.
4) Playing With Impaired Judgment
It is very clear that alcohol and other substances will immensely adversely influence your judgment to make rational gambling decisions at the casino although all casinos being too eager to offer you free or discounted booze. But beware of how it can affect your play.
5) Not planning a Budget to Play
You must set up a budget or you can say you should play within your bankroll. You must understand when to walk away. Often players do not define their playing time or budget. You get swayed away with the thrill of winning big. But the fact is, devising some simple bankroll management strategies and sticking to them can help reduce your chances of losses even on the days where you are seemingly getting luck in another building.
Wherever you play, the best rule of thumb is to always set aside 50% from all your wins. So long you don’t get cleaned out right from the start, this will ensure that you’ll leave the table with at least the amount you came with. Another popular strategy is the Stop-Loss Strategy. This means reducing the value of your bets on incurring a loss. Eventually, it’s always a good idea to only play with tangible cash as opposed to gambling on credit.