Meta description: Even the most successful gambling rookies make some mistakes while gambling. Read on to find out which are the most common mistakes they make and how you can avoid them.
Regardless of whether you have been gambling for five years or one day, there is a good chance you have fallen prey to the same gambling methods or habits that most other newbies employ. Luckily, at this point in your gambling job or pastime, there is nothing wrong with it.
However, if you do not begin understanding these faults, you may have a difficult time down the road. The goal of this article is to highlight three of the worst gambling mistakes you could be doing so you can focus on everything else. So, without further ado, below are some of the worst mistakes that gambling rookies make while playing online games.
- Gambling with real money you cannot afford to lose
At the first impression, gambling with real money that you do not have may look impossible. However, this is among the most common rookie gambling mistakes.
As a general rule of thumb, you should never risk money you cannot afford to lose by gambling. In turn, players should avoid gambling with their money if they are late on child support payments or have rent arrears. Your debts should be paid off first.
Gambling is a form of amusement. You should only spend money on recreation when all of your other adult responsibilities have been met. This includes bills that are way past due. Some people even gamble with money that they really need to pay their mortgage or rent. They assume they will break even at the very least, so they will be alright. Avoid this at all costs. Many players like this end up homeless and living on the streets.
Luckily, reputable online casinos, like Zodiac Casino, have put in place various responsible gambling tips and features to help players avoid overspending their real money and falling into the trap of problem gambling.
- Over relying on betting systems
Utilizing an established betting system is only a disaster if you misjudge the value of what it can do. Using betting methods is acceptable as long as you recognize that they do not affect the overall logic behind the online casino game. It is critical to keep in mind that they will not make you a long-term winner.
A betting system is simply a means of increasing and/or decreasing your bets based on the results of prior wagers. Some rookie gamblers believe that such systems boost their winning chances, but they are mistaken.
Consider a wager as a negative value. It does not matter how high or low you make that number, it will remain negative. More so, you get a negative number when you combine a sequence of negative values together. It is impossible to make that total equal a positive integer.
The Martingale, also known as the “doubling-up” strategy, which is applicable at Zodiac Casino, is the most popular gambling system used by online players. Each time you fail with this technique, you double the value of your stake. If you are successful, you will now have a one-unit profit after recouping your prior losses.
Do not overestimate such betting systems as they are not a guarantee of winning every time. If you believe it is a fun way to enjoy casino games, you can utilize a betting method. However, you have to always recognize that you are playing at a loss against the house in the long term.
- Opting for insurance in online blackjack
Insurance is a side bet in online blackjack, which is available at Yukon Gold Casino, where the dealer has a two-card total of 21. It appears to be a win-win situation. If the dealer lands a blackjack, the player wins 2 to 1 in an insurance bet. In turn, this “nullifies” your initial bet losses, unless you also hold a blackjack because a dealer blackjack always wins.
However, the correct mathematical approach is to treat insurance as a distinct bet and determine if it is a positive probability bet or not. Once the dealer’s face-up card is an ace, you can take insurance. If the dealer’s face-down card is a 10, the insurance bet pays off.
Placing a bet where the house edge is 7% in a game where the total house edge is less than 1% is at best foolish. Unless you are counting cards and the deck is heavy on tens, taking insurance is always a bad idea. Even so, it is a mistake since it gives the casino the impression that you are counting cards. So, avoid taking insurance in a game of online blackjack altogether!
Conclusion
In the world of online gambling, rookies are prone to making the same mistakes over and over again. Some of these are common gambling blunders, such as gambling with money you simply cannot afford. Some of these are exclusive to a particular game, such as taking insurance in a game of online blackjack. In any event, simply opt to avoid these common rookie gambling blunders.