This blog post was originally titled – “MY Most Common Gambling Mistakes” but while researching the topic I’ve concluded I share the same gambling missteps with most of you! Even though this doesn’t make me feel super extraordinary or special, I’m certain now that a topic like this one will be beneficial especially for all of you just discovering the excitement of gambling but lack the experience in something that is so much more than a simple game! So, let’s focus, here are our 3 favourite slipups.

Gambling Without a Limit

I bet you’ve heard many times that managing your bankroll is extremely important. And it really is, unless you’re freaking Bill Gates or some other friend of him featured on the Forbes Billionaires List. If you didn’t see your name on that chart, setting a daily, weekly or monthly gambling budget is a top priority! Plan your gambling expenses according to your income and whenever you reach your loss or win limit – just stop, no excuses, no 2 more bets or what so ever! Gambling should be a positive and an exciting activity and to keep it this way, self-discipline is the only strategy you should follow. Knowing when to stop will save yourself the financial and emotional problems which can turn into an addiction if you neglect them in the long run.

Believing in the Gamblers Fallacy

Consciously or subconsciously, I think we all have fallen into the gambler’s fallacy trap. Believing that the outcome of a random event is somehow affected by the outcome of a previous random event is a complete nonsense! Yet somehow, our mind always looks for the logic even when dealing with games based on pure randomness. So, whenever you catch yourself hoping for the next spin to crack the jackpot because it’s been quite some time since this has happened, just know that this is not how randomness works and your gut feeling is blurring your mind. I think this is probably one of the hardest mistakes to overcome, as most of the time players don’t even realize how their brain is playing tricks and fooling them that randomness can be predicted.

Making Bets with Terrible Odds

This mistake category may seem as an easy one to avoid, however, it’s just as tricky as the previous two. The reason is that considering the house edge is not always enough when choosing your games. Going for the games with higher RTP is a matter of comparing a few numbers yet often enough a lot of low house edge game variations offer additional temptations which have terrible odds. The list of bet types which you better pretend are not available features all side bets, insurance bet in blackjack, progressive jackpots, single-number bets in roulette, tie bet in baccarat and of course the winner of them all – all Keno bets! They all have one thing in common – the superpower to make your bankroll disappear just as quick as your high hopes for a huge win.

Long back before I became a regular player, the bulky slot machines in land-based casinos were my one and only idea of gambling. They looked as the laziest entertainment ever, sitting on a chair and simply waiting for the matching symbols to show up. Nowadays online slots have their loyal share of fans and the entertainment level has reached a totally new dimension. In the next few paragraphs, I’m going to tell you why slots are the perfect start for every beginner and what are the few little things to consider when playing an RNG game.

Advantages of Playing Slots Online

Slots are an easy form of entertainment and that is the main reason for them to be so popular among first-time casino visitors. If you’re new, there is nothing more stressful than dealing with complicated rules, strategy charts, live dealers or any other type of intimidating elements. And with slots, you successfully avoid all of these worries straightaway. The only action required from you as a player is to select the desired bet value and then go for the spin button. Everything else depends on the Random Number Generator.

The next key advantage is that most slot variations have a wide bet range. This allows new players to start with smaller bets and to adjust them as their confidence and experience grow with time. Not only that, almost every slot has a free demo mode available and the option to try the gameplay without risking any real money is a huge plus for everyone who’s just starting out! However, if you go for the real money experience, there are thousands of ways to make your first deposit a lot bigger! The most popular way is to claim a welcome bonus which can be in the form of free spins or just free cash to keep you playing for longer.

Avoid These Common Slot Mistakes

Even though playing a slot game may seem like the ultimate endless fun, there are some tricky moments which can make the fun not so unconditional. The slot themes have such great variety so that absolutely everybody can find a favourite. Their special features, free spins, bonus games are so attention-grabbing that every single spin is a true adventure making you want to go further and further. Whether it’s collecting certain symbols to unlock a feature or playing until you crack the progressive jackpot, slots can make time fly away just as your cash balance. So, my advice is to never play fast even though you may feel the urge to do so. Setting a daily limit and sticking to it is another great tip. The most important one, however, is to choose your slots bearing their RTP in mind. Don’t be fooled by an interesting theme, bright colours or an overflow of features. All these perks do not guarantee a high RTP and you might end up losing a lot of money while being nicely distracted by the madhouse on the reels.