We know it’s boring to bring up the negative side of playing at an online casino, namely how you lose money. Nevertheless, we’ve chosen to do just that so that you can avoid making the most common mistakes.
There are a lot of tips out there to help you “cheat” your online casino, but if the truth be told, it’s not possible to succeed. Even the articles that describe how to increase your chances of winning contain only a few small straws to grasp. The only thing you can do is choose games with better payout percentages and lower house edge, and choose the best online casinos, like those found at this website.
So today, we’re going to go over the common mistakes that you should make sure to avoid to keep your bankroll for a longer period of time. Keep reading if you want to know more!
1: You bet too much at once
Rumours often circulate that you increase your chances of winning when you place larger bets each time. However, that the size of your bet would increase your chances of winning is not true. There is no way to improve the odds of a single bet.
Thus, placing larger bets each time will not award any more winnings. On the other hand, it will usually make you run out of money in the bankroll as quickly as possible. Furthermore, if you do not have a strategy when you play, you risk losing the entire bank roll.
2: You have no win or loss limit
To better illustrate this mistake, let’s take an example. Imagine that you have 100 dollars in the bankroll. Would you be okay with losing all of it in a single session? If not, then set a loss limit. It helps you know in advance when it will be time to stop because you do so when your bankroll shrinks by a certain amount.
The loss limit is fundamental when you get into bad luck. It’s very easy to want to bet more to win back what you’ve lost. However, there is a high risk of losing much more than before by doing this.
Instead, a win limit helps you deal with winning streaks. It tells you when it’s time to stop after you’ve won a lot. For example, you might decide that if you go 200 plus, it’s time to wait until the next time to place more bets. This way, you make sure you actually get to keep what you’ve earned.
3: You’ve been drinking alcohol
There’s always someone walking around trying to serve you drinks of various kinds at a land-based casino. It may feel like the casino rewards your loyalty, but in reality, receiving the drinks leads you to the deep end. This is, of course, something that the casino itself is aware of.
If you play at home instead, you will not be served the drinks. However, the effect of consuming alcohol while playing at an online casino is exactly the same. Are you playing a game that requires a great deal of concentration, such as poker or blackjack? Then alcohol can be devastating to your bankroll. Are you playing a simple slot? Then things can go just as wrong, as it can be harder to know when it’s time to stop.
Alcohol makes you think more slowly and makes you more likely to take unnecessary risks in your gambling. It’s even a risk factor pathological gambling, according to this study. So always avoid drinking and gambling at the same time.
4: You lose your temper
Getting more and more frustrated is devastating to your bankroll. It’s easy to choose to chase your losses during a run of bad luck – even though it may cause you to go over your loss limit or bet more than you can afford.
It’s important to keep your emotions in check when you gamble. You can avoid placing risky bets and losing more money by keeping it cool. Have you been unlucky for a long time and feel yourself getting frustrated? Then it’s better to take a break, back up a step and review your gambling strategy for the next session.
5: You have no strategy
If you play with no strategy at all, the result is usually that you simply feed the casino your money. Then, at the end of your session, it comes as a sad surprise to realize that all your gambling money is gone.
Having a strategy can mean, among other things, the same thing as our first and second points here. For example, one can control how much you bet each time and how much you play per session. Set limits and stick to them to make it easier to walk away from the table with your money intact.