There are many small gambling mistakes that any long-time player will have learned to avoid; but for the novice, these mistakes will not only ruin your game, they can have life-long consequences. We know that you can’t control where the cards fall but keeping a sharp mind will ensure that you don’t overreact when things aren’t going your way or get overconfident during a winning streak. If you’ve noticed a pattern of bad choices when gambling online, this article will help keep you more aware the next time you log in to your favourite online casino. So here it is, the 6 most common mistakes to avoid at an online casino:
1) Playing at Unlicensed Casinos
The risk here may seem obvious but we still have a significant number of people playing at shady online casinos – and having their money stolen. Always play at a licensed casino just like IBC003 which is licensed under Pagcor (Philippine Amusement and Gaming Corporation).
2) Registering an Online Casino Account with Fake Details
A major reason people sign up to online casinos is because it provides a better chance of being anonymous than going to a traditional brick-and-mortar casino.
Unfortunately, if you give falsified information when signing up, it can backfire when it comes time to collect your winnings.
3) Playing the Wrong Games
Not knowing anything about the game you’re playing can lead you to make devastating mistakes – and lose money in the process.
Some games should just be avoided unless you’re an expert. These include:
4) Lack of Bankroll Management Plan and Betting Strategy
Not having a bankroll management plan is probably a precursor to problem-gambling, especially if you gamble often. You can call it having a strategy or knowing when to walk away; and it sounds simple, but many times people ignore their own advice and lose money
A common rule for casino players is to put aside half of their winnings, so that if you get gleaned later on, you still get to walk away with something.
5) Don’t Believe the Gambler’s Fallacy
So, there is a tendency for gamblers to believe that if one outcome happens several times, then the exact opposite of that outcome is likely to happen in the next few tries.
Bear in mind that there is a mathematical design behind all the games offered in the casino, and results are not influenced by past performance.
6) Not Reading the Bonus Terms and Conditions Carefully
Welcome bonuses are extremely attractive and may cause you to rush to make a deposit, expecting the best possible deal. Always read the conditions for bonuses and the rest of the terms and conditions to avoid a ton of grief later. If the casino is licensed and trustworthy, they will spell it out clearly in the agreement, and won’t introduce new rules after your deposit.