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9 Rookie Online Gambling Mistakes That Are Losing You Money
People have different reasons for getting hooked on online gambling.
17:01 13 June 2019
Some look to it as a way of beating boredom while commuting while others take things more seriously and making it one of their sources of income. Whatever the reasons are, online gambling is now taking the world by storm and it is predicted to grow more every year.
But online gambling is, at the end of the day, a gamble where you either win or lose big. The good thing is, you can control most of your fate while gambling if you avoid these nine common rookie mistakes that are losing you precious gambling money:
- Gambling using only your hunch
While hunches worked wonders for a lot of gamblers, but it takes good knowledge to really increase your chances of winning in online casinos. Even if you’re feeling good about a game, you shouldn’t just rely on it to place your bet. Instead, learn about the game first by reading an online casino review, for instance, so you know how things work, study your odds and make an informed decision.
- Using fake credentials
When you want to protect your identity and remain anonymous while gambling, it’s easy to turn to fake credentials to do it. But while casinos don’t usually verify registrations, they are strict about personal details when it comes to payouts. So, if you win big and you’re using a different name, you can kiss that money goodbye.
- Gambling with money that you can’t afford to lose
This is a common mistake among a lot of rookies and probably one of the worst that you can ever make. Gambling is fun and it can win you more money at some point, but if you’re behind on rent or credit card payments, don’t gamble the money that’s allotted for that.
- Forgetting to check payment methods
Before putting your money on any casino, make sure they accept your preferred payment method first. If you prefer Skrill, choose a Skrill casino. If you prefer to be paid using PayPal, find a casino that uses the same payment method. This way, you won’t have a hard time claiming your winnings later on.
- Taking insurance in only one game
From online casinos to slot machines, there is a wide range of games available to try these days. But while some games give you better chances at winning than others, you should never take insurance in one game and put all your money on it. It’s best to explore different types of games every now and then so you’ll have variety and more fun.
- Skipping the terms and conditions
Don’t we all hate reading those finely printed terms and conditions in products? This can also go the same with gambling online. A lot of rookies and even experienced gamblers fail to read a casino’s terms and conditions thinking that as long as they know how the game is played, they’re good to go. But if you run into some problems later on because you failed to read those terms and conditions, you might end up losing bonuses or worse, your winnings.
- Betting on your favorite team
So, how does this become a mistake? If you really want to win money, you have to start thinking about the value of the bet rather than your emotional attachment to your favorite team. Do your research and see the odds of the bets before putting your money on them. Sometimes, you have to bet against your team if it means having bigger chances of winning.
- Failing to grab bonuses
Sure, some gamblers will tell you take precautions when accepting bonuses. But if you gamble in a reputable online casino, you can safely take advantage of bonuses, freebies and other extras while playing. A lot of online casinos offer welcome bonuses for new registrations and they are a great way to build your momentum and bankroll for gambling. For instance, if you deposit $100 to your bankroll, the casino can double that amount, so you’ll have $200 to use for gambling. You can also get free trials to get a feel of the games before putting real money into them.
- Gambling at a rogue casino
Most online casinos keep their personal information discreet because of legality problems. This is why it’s hard to see whether a casino is rogue or not. To protect yourself against gambling in a rogue casino, it pays to do some legwork before getting into any game. Find a casino with good reputation, especially when it comes to payouts.
Avoid these common rookie mistakes and have the best time when gambling online.