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Costly Gambling Mistakes

How to Avoid Them

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The casino has a house edge on all of their games. It is how they make money and it is our cost for playing the games. Over the long run the casino will win but sometimes we get lucky and we win. We can minimize our losses by playing games with a low house edge. We can also increase of losses by making some costly mistakes. Here are a few mistakes you should avoid.

1. Playing With Borrowed Money

The number one rule of gambling is never to bet more than you can afford to lose. You should always look at gambling as form of entertainment and the money you use for gambling as your price of the entertainment. You should also never gamble with borrowed money which is what you are doing if you take a cash advance on your credit card at the casino. Leave the credit cards home.

2. Not Understanding the Games

Visiting the casino and playing the games is a lot of fun but if you have only visit occasionally or are new to the casino you might not feel completely confident playing anything other than the slot machines. Playing the table games can make your trip more exciting and learning the procedures is not hard. Here are some short tutorials to help you become a casino expert.

3. Making Bad Bets

Some bets in the casino have a very high house edge. Slot machines are popular but they can have a house edge from 1-15 percent depending on the casino and/or location of the machines. Although some table games have a low house edge, there are some bets you should avoid. Here are some of the worst bets you can make.

4. Not Using Your Players Card

The most valuable card in the casino is not found on any of the tables. It is you players card and it is the only way the casino can track you play so you can earn comps. When you do not use your card you are essentially giving away free money.

5. Getting Greedy

The downfall of most gamblers is when they get greedy. You win little and want more so you start making higher bets and before you know it you have given back all of your winnings. If you want to be a winner you need to lock up a small profit when you win to avoid giving it all back. It’s easy to leave the casino when all your money is gone. It takes discipline to walk away when you are ahead. Discipline and control is what separates winners from losers.

6. Not Having a Plan Before Your Visit

Many players simply go to the casino with a pocket full of money and jump from game to game until all their money is gone. I have yet to find anyone who can honestly admit that losing all their money during a casino visit was an enjoyable experience. You can have a much better time if you just spend a few minutes to make a plan for your next casino visit. Here are some suggestions for planning your next visit.

7. Poor Money Management

The true essence of money management really comes down to bankroll management. It is how you handle your money in the casino to make sure you have enough to last for your casino visits. Money management systems will not change the odds of any game. A good bankroll management system will help you control the amount of money that you put at risk.

8. Losing Control – Chasing Losses

The casino is a place of glitz and glamour. The excitement of the sights and sounds and the general atmosphere help to add to a fantasy world. Many people get caught up in the excitement. When this happens it is easy to get carried away and gamble more than you should. Even the best of us can be caught off guard and lose control when we fall into some of the casino traps that were designed to have us spend more. Here are some things to keep in mind when you visit the casino.

9. Playing Too Long

The longer we play, the more we are exposing our money to the house edge. Playing marathon gaming sessions is a sure way to lose money. Some players will play the slot machines for five or more hours at a time. A few of these players said the reason for the long sessions was that they do not get to visit the casino very often. A few people admitted that they played for hours was because they lost all track of time. Here are some tips to avoid playing too long.

10. Drinking Alcohol and Gambling

Some players feel that since they losing at the table they will recoup some of their loses by ordering many drinks to make sure they are getting something in return for the money they spent playing the games. Drinking alcohol can casue you to make some bad decisions, Save the celebrating until after you finsih playing.
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