Top 3 Mistakes New Online Casino Players Make and How to Avoid Them

While the wagering process at online casinos seems to be extremely easy, new players often find out that there are many nuances that they initially overlooked. As a result, their betting experience becomes less engaging and more discouraging. This can be avoided if you know the common mistakes and avoid them when you play online casino games. For this reason, we have selected the three most common mistakes and provided practical pieces of advice on how not to commit them.

Chasing Losses

This is the mistake practically every casino player has made at least once. Sometimes, it is simply too difficult to withhold from making a new deposit in an attempt to win what has been lost previously.

However, chasing losses is the most inappropriate thing that can be done to your budget. Especially when you try to win back money by placing bigger or riskier bets. It is an emotionally driven decision and rarely works out well. Studies show that 78 % of players who chase losses end up losing more than they initially did.

Here are several practical tips on how to avoid chasing losses:

• set a strict loss limit before you play;
• take breaks after losing sessions;
• treat each session as entertainment, not recovery.

In other words, deposit a sum that you are ready to lose. This way, you will not regret your decision if you have a series of unsuccessful bets and will not have an urge to win back a lost deposit.

Ignoring Bonus Terms

While casino bonuses look lucrative and can boost gambling engagement, it is important to understand their terms and conditions, wagering requirements, and expiry dates to avoid frustration from lost opportunities. The necessity to understand clearly the bonus terms rises if it is considered that, according to a survey by the UK Gambling Commission, 65 % of gamblers received an incentive in the past year.

Therefore, we recommend looking through the bonus terms before you claim it. This way, you will be aware of the deadlines and wagering requirements. While still on the bonus terms page, make sure to check which games contribute to play through and what the contribution percentage is. Slots often have 100 % contribution, while table games and live casinos offer a very low percentage (if any at all). Moreover, select a casino, like MyBookie, that offers clarity and transparency of bonus terms.

Playing Without Strategy

Many casino releases are games of chance, and betting strategies are ineffective. However, if you are a fan of blackjack, roulette, or baccarat, a good strategy can pay off and increase your chances for a big win. E.g., basic blackjack strategy can reduce the house edge from 2 % to under 0.5 %.

Thus, make sure not to waste an opportunity to boost your winning chances and learn the rules and house edge of each game before playing. Use detailed guides to understand what works fine and what actions are worth ignoring. Moreover, consider using free demo versions to practice.

As soon as you follow those tips, your gambling experience might be much more positive and easier.