At least 80% of Americans gamble online, according to the Global Gambling Statistics. However, this number must have increased in the following years as the revenue for the 2018 Online Gambling Market reached $306.5 billion for the US alone.
It’s true that playing casino games on the web provides an exhilarating experience. But like any other risky activity, gambling online does not forgive neglect and mistakes.
Having a good strategy is all-important for casino players. However, the lack of knowledge of the basic principles of how the casino world works and not understanding its rules can significantly lower the chances of winning.
Concurrently, an error-free and well-thought-out game will notably enhance them. Thus, it’s vital to be aware of these seven main mistakes that beginners make and avoid them.
- Not Researching a Game’s RTP
RTP stands for return to players, and it acts as the reverse house of any gambling sites or online casino (คาสิโนออนไลน์ไทย) games. In other words, it explains the level of payout a bettor can get from the site over a large number of spins in a slot game, for instance, and is usually in percentage.
In some cases, return to the player tells the worthiness of a casino game. According to The Sports Bank, the higher an RTP is, the more money a bettor get when they win. To illustrate this, a game having an RTP of 99% pays back each bettor $99 for every $100 that goes with it but withholding 1% as profit.
Setting up a return to the player for a casino game is a complicated process and it gets more challenging the more elaborate the game is. The distribution of the RTP can vary so do research the games’ RTP to know how likely you are to get a payout.
- Choosing a Shady Casino
Curacao, Malta, and other several authorities often issue gambling licenses. Globally speaking, there isn’t much difference between them, as they all guarantee random outcomes and a secure gambling environment.
The licensing information on the casino website must be clearly visible. This is something every reputable casino site will want to display proudly rather than keeping it hidden.
As mentioned by Weird Worm, even if a player is overwhelmed by bonuses and promises, always ensure the casino is a licensed venue. Without the casino’s license, there is no one to complain to if anything happens.
- Playing the Wrong Games
While it’s essential to understand the game rules, it’s also important to choose the right gambling games to play. As explained by Best Casinos.Net, this means picking game variants that are not only fun and enjoyable but also offer the best odds.
Take roulette games, for instance, it’s considered a gambling mistake to go for the American version with its double zero pockets, when increasing the house edge by nearly 3% compared to playing European or French roulette, with their single zero.
Playing Keno at a physical casino can have an RTP that is as low as 65%, meaning you’ll only get $65 payout. When you take into account that games such as blackjack can hit over 99.5%, however, you’ll realize that the choice of the game can directly impact your success.
- Ignoring the Casino’s Terms and Conditions
“Don’t assume that an online casino has the player’s best interests in mind,” says Mike Epifani, an experienced online gambling writer of Bonus. “You need to know exactly what the terms are before you opt-in,” he added.
Some examples of terms and conditions to have in a player’s radar include:
- Playthrough Requirements: This determines how many times a player has to bet the deposit amount and bonus prior to withdrawing any associated winnings. Thus, if you deposit $100 and receive a $100 bonus with a 10x playthrough, you’d need to have $2,000 first before you get your winnings.
- Qualifying Games: Typically, the playthrough requirements solely apply to specific games. Slots, for example, often apply 100% to the playthrough while tables games may either contribute only 10% to the playthrough or may not qualify at all.
- Time Limits: Once you gain online casino’s betting credits or bonus, you often have to use them within a couple of weeks to a few months. Because if you don’t, the bonus or credits will be returned to the casino.
Web casinos need to make sure that bettors don’t just deposit money, receive a bonus, and then cash out. That’s why a playthrough requirement is always mandatory.
But there are times when the terms and conditions can be too much to the point where skipping the bonus altogether is the right decision. Then again, it’s crucial to read the terms and conditions carefully so you know exactly what you have to do to withdraw your winnings.
- Poor Bankroll Management
Totally Dublin warns that not having a bankroll management plan is likely a precursor to problem-gambling, especially if a player gambles frequently. You can call it knowing when to walk away or having a strategy, and it sounds simple.
However, oftentimes, many individuals ignore their own advice and lose money. The thrill of winning big can make a person push their luck and wanting to take it can make them feel more assured of winning.
Total Dublin advised in their article that casino gamblers should put aside half of their winnings so that if they get gleaned, later on, they still get to walk away with something. Stop-loss is another common strategy where a gambler reduces the value of their bets whenever they lose. If followed, the stop-loss can ensure that the money stays safe when a player hit a losing streak.
Lastly, the worst thing a player can do at an online casino is to wager with the amount of cash they don’t have. “If you think losing actual money is bad enough, you don’t want to start gambling on credit,” stressed Total Dublin. “This will get you into serious problems with your finances,” the article added.
- Chasing Losses
One of the most common “systems” that a new player will use is to chase losses by doubling wagers, which is undoubtedly a recipe for disaster. According to Gambling Sites, to continually double a bet, a player should have a significant bankroll first.
In addition, the table games being played will likely have a betting limit per hand, which means a bettor may not be able to double or max out until they are even. Developers designed their casino games deliberately. They know that this math would give any players who have the guts and money to make it through a tough stretch the chance to arrive winning it all back in the end.
Gambling Sites advised, “You should be starting with a number in your head that you are comfortable (if unhappy) losing.” “From there, back things up to how you are playing, and remember that each game has a set of odds…if you play consistently, and by the proper strategy, you will get to that number in the long run,” they added.
- Not Playing Responsibly
Every casino game—at least partially—favors the house. So, if a new gambler play casino games online long enough, they’re mathematically guaranteed to lose all of their money. That’s why gaming responsibly is an imperative strategy.
Before you play any casino games, you should decide how much you can afford to lose. It’s also essential to set a time limit, and you surely don’t want to gamble while you’re bored or depressed, as that can lead to problem gambling.
Every novice casino players should remember that online casino games are for entertainment only and are a game of chance. They are not a sustainable course of action for making long-term income.
Slot machines, roulette, table games, or anything else for that matter always favors the house. And even if the player is on the hottest streak of their life, it will eventually end.
Therefore, when you venture next into the world of online casino, just be conscious of the fact that:
- Free bonuses and bets will help lengthen your gambling wallet when used correctly
- Strategy always matters: an ever-evolving and solid strategy will notice your bottom line improve in some of the casino games
- When you are no longer having fun, that is the time to call it quits.