Knowing how to avoid common pitfalls goes a long way in any discipline or life event, with gambling being no exception. With anything, there is always a better as well as a less ideal way to approach something. There are many ineffective habits to avoid when gambling, and we’ve rounded up the top 5 to give you the edge.
Poor Money Management
No matter how lucky you consider yourself to be, without proper bankroll management your luck will eventually run out. Reputable casinos realise this and endeavour to avail useful information concerning the proper and responsible management of money matters. The fact of the matter is: those who run out of money will not be returning to the casino any time soon. This is bad for the player, now facing financial difficulties as a result of over-spending, and also for the casino – who has lost the support and business of a patron.
Chasing losses is a prime example of poor money management. Believing that the next big win is just around the corner and that it will erase all prior losses as if they had never occurred, is a very dangerous approach. It can potentially ruin a player financially because no matter how you look at it, there’s simply no sure-fire way of knowing what the outcome of any event will be until such time as it has actually taken place. Games of chance are labelled as such for good reason.
This applies especially to games of skill like Blackjack. Blackjack is favoured by many players as there is a definite measure of control that accompanies relevant knowledge, and skill and strategy can be applied to help you win. In Blackjack it is however easy to fall in the very attractive trap of impulse betting, quickly opting to hit or stand before thinking it through. Blackjack – and in many ways, gambling in general – is a marathon; not a sprint. Slow and steady trumps fast and fragile. Stick to the game plan, do the necessary research – and make an informed decision.
Placing Too Many Bets At Once
Anyone who enjoys gambling will agree, overextending yourself and your budget is never a good idea. Temptation will certainly come knocking, sooner rather than later. Rather focus on strong game play, strategy or betting system than trying to cover the whole board all in one go in the hopes of covering all possible combinations.
Avoiding passion bets is another biggie. Just because you’re a fan of a particular bet because it has worked for you before, don’t count on it being the best bet again. It’s much easier to step into this particular hole than what you may initially think. The truth is, we’re all naturally given to a bit risk taking, impulsive behaviour, and that’s perfectly fine. We also always like to think that our birthday or other lucky numbers have something of a super power. The secret is to know yourself and your limitations and avoid chasing your first impulse on a mere whim.
Lack Of Research
People perish for a lack of knowledge. This is very true for those who enjoy gambling. It’s vital to know the rules of a game before engaging in play. You would not take to the highways if you did not know how to drive, why would you approach gambling any differently? The games may mainly be games of chance, but there is always a measure of control, and being well informed is probably the most effective way to exercise this.
Being familiar with probable outcomes based on the basic structure of a game narrows the measure of risk considerably. This is vital for anyone wanting to achieve long-term success and a favourable and profitable overall outcome.
Every single wager made should be thoroughly considered beforehand. We’re not saying that its necessary to over think the decision to the point of ridding it of all excitement, merely that a little planning and know-how goes a long way towards making an activity all the more enjoyable.
Common Game Mistakes
Attempting to use a betting strategy in order to earn or substitute an income is a dire mistake made by many players. Gambling has always been intended for entertainment purposes, never for making a living. There are those who do manage to pull that particular rabbit from the hat, but they are few and far between and most definitely not the norm.
Always try to remember why you started playing casino games in the first place. Fun, social interaction, engaging with like-minded individuals enjoying the same activities, these are the joys that keep the clock ticking over. We all make mistakes along the way, but if you are having fun these errors can simply be looked as living and learning!