Despite being more popular than ever, getting started in online gambling can be tricky, especially if you’ve never gambled before. New players will end up making mistakes that can turn out very costly. While mistakes make you learn, avoiding them is usually the best way to enjoy a pleasant online gambling experience.
The team of experts at Casumo casino has discussed the most common mistakes new players make when gambling, from online slots to live casino. Here’s what they are and how to avoid them.
Table of Contents
Falling to the Gamblers’ Fallacy
The gamblers’ fallacy is a known psychological phenomenon among gamblers. Essentially, it dictates that players are more likely to believe a particular result is about to occur if the negative result keeps happening frequently. This phenomenon was first seen in roulette games, but it can apply to every casino game.
Take the following example into account: Let’s say the number zero hasn’t landed for 1,000 rounds in a roulette game. Since it’s a cold number, more players will bet on it thinking it should come up soon. However, the odds of hitting a zero are still one in 36 (or 37 in American roulette). Every round is a new event and past results don’t influence the outcome.
Believing the gamblers’ fallacy can lead to chasing losses, costing you more money in the long run.
Not Using the Demo Mode
Online casinos offer a real advantage over physical alternatives; you can try most games for free. So, how’s this beneficial? It’s simple; demo versions allow you to find your way around the games and learn more about them. You’ll be able to familiarize yourself with the game before placing any real money wagers. This is great if you’re looking to see if a game is worth it or trying out new strategies.
Not Creating a Budget
Budgeting is one of the most important decisions you can make while gambling online. Creating a budget allows you to play more responsibly and may end up costing you less money.
Since casino games are unpredictable, it’s hard to know if or when you’ll win. Thus, it’s crucial to create your limits and don’t exceed them. Most of the time, chasing losses isn’t worth it and will only cost you more money. Rule of thumb: don’t bet more than you can afford to lose.
Using Fake Credentials
Many players unknowingly try to create multiple accounts using fake credentials to grab bonuses multiple times or share their affiliate code. However, did you know that this often doesn’t work? Licensed online casinos require you to verify your identity prior to withdrawals, which means that using fake information can result in suspended payments. You can even have your account banned if the casino suspects you’re using fake information.
Playing at a Bad Casino
Choosing the right casino is one of the most important decisions you have to make before you get into online gambling. Not only will you have an unpleasant experience, but you may also be a victim of fraud or identity theft.
Luckily, there are several things you can do to ensure you’re at a licensed and reputable casino:
- Check their licence – Reputable casinos are regulated by gambling commissions. The best licences include the United Kingdom Gambling Commission and the Alcohol and Gambling Commission of Ontario.
- Look for reviews – The experience of others may help you make a decision. Check out what other players have to say and act accordingly.
- Pay attention to safety measures – Legitimate casinos will always encrypt your information, rendering it inaccessible.
Conclusion
Despite being common, gambling mistakes can have catastrophic consequences. However, they’re relatively easy to avoid. With these tips, you’ll be able to play more responsibly and without exceeding your budget. These two aspects are the key to enjoying a fun and relaxing time at online casinos.
