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Topic: What are the biggest mistakes made by beginners in online gambling? How can they (Read 924 times)

legendary
Activity: 2702
Merit: 1465
The expectation that they've got the beginner's luck, that's not true, not everyone has that in them and the reason why that kind of belief propagated is because casinos and other gambling business want to do something about keeping the reins on the beginner gamblers, that's the only way that I can describe it. They want people to think that they can exploit this non-existent thing to try and gamble even more and then at the end of the day, it really was just a one lucky play and that there's no way that you can be on a hot streak just because they tell you that you were lucky as a beginner. To avoid this kind of thing, maybe just being a pragmatic person and you would be fine, that way, you don't have to worry too much about things that doesn't affect your game or yourself, most beginners are advised to read this kind of threads because it basically teaches you what you need to know because it's the people that have experienced it that's talking about it.
Agree that casinos are responsible for this so-called beginner's luck and even if not all newbies are covered with it but at least many of them are. For me, it's not a big deal if they will keep on considering it as a beginner's luck but as long as the effects are still the same.

Even let say a newbie gambler will have a strong belief like that, that they think it's exploitable, I won't still think that they will continue burning more money if the early results they get are negative. And at the same time they will realize that they are wrong and they can also blame the casino for having that false belief. This thread has a newbie word on it, so newbies are more likely reading this.
But I think that, of course, any game that we are accustomed to consider a game of chance with provable fairness does not pay any attentionn to which player is playing it.  And in general, apparently the newcomer’s luck is largely an advertising option for additionally attracting clients to the gambling industry.     But still, the idea that beginners are lucky is too widespread in the gambling industry.  And even often experienced players, if they lose to an opponent who can be considered a beginner, justify their failure in the game precisely by the fact that the opponent is a beginner, and they, these newcomers, assholes, are always lucky.  This is also a very nice argument to justify a loss for an experienced player. 
And of course, to calm yourself down after an unsuccessful game with a newcomer.
sr. member
Activity: 2296
Merit: 348
The expectation that they've got the beginner's luck, that's not true, not everyone has that in them and the reason why that kind of belief propagated is because casinos and other gambling business want to do something about keeping the reins on the beginner gamblers, that's the only way that I can describe it. They want people to think that they can exploit this non-existent thing to try and gamble even more and then at the end of the day, it really was just a one lucky play and that there's no way that you can be on a hot streak just because they tell you that you were lucky as a beginner. To avoid this kind of thing, maybe just being a pragmatic person and you would be fine, that way, you don't have to worry too much about things that doesn't affect your game or yourself, most beginners are advised to read this kind of threads because it basically teaches you what you need to know because it's the people that have experienced it that's talking about it.
Agree that casinos are responsible for this so-called beginner's luck and even if not all newbies are covered with it but at least many of them are. For me, it's not a big deal if they will keep on considering it as a beginner's luck but as long as the effects are still the same.

Even let say a newbie gambler will have a strong belief like that, that they think it's exploitable, I won't still think that they will continue burning more money if the early results they get are negative. And at the same time they will realize that they are wrong and they can also blame the casino for having that false belief. This thread has a newbie word on it, so newbies are more likely reading this.
sr. member
Activity: 1484
Merit: 323
The expectation that they've got the beginner's luck, that's not true, not everyone has that in them and the reason why that kind of belief propagated is because casinos and other gambling business want to do something about keeping the reins on the beginner gamblers, that's the only way that I can describe it. They want people to think that they can exploit this non-existent thing to try and gamble even more and then at the end of the day, it really was just a one lucky play and that there's no way that you can be on a hot streak just because they tell you that you were lucky as a beginner. To avoid this kind of thing, maybe just being a pragmatic person and you would be fine, that way, you don't have to worry too much about things that doesn't affect your game or yourself, most beginners are advised to read this kind of threads because it basically teaches you what you need to know because it's the people that have experienced it that's talking about it.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
The thought of gambling to make money itself is the biggest mistake. They should change the thought to playing gambling games for fun once every 2months or so.

Though the fact that casinos exist is because people have this hidden greed for money and are willing to try their luck on things that have a chance of winning or losing. Still the objective should be clear and once it become clear, that person will no longer wish to gamble with their hard earned money.

There is nothing wrong with being a part of the gambling industry, in fact most of the owners are multi-millionaires, one can become part of it as a investor or affiliate marketer.
legendary
Activity: 2702
Merit: 1465
False expectations are very often the main reason why many people fail at something, and what better example of this than meme coins, in which young and inexperienced investors put their hopes in a meme coin, believing they can get great profits with it in just a matter of weeks, and while such scenario is not impossible, it is very unlikely to happen, and when they fail to get their way they cannot believe this actually happened, while for people that had the right expectations out of those coins, it was easy to foresee such disaster and avoid it by investing their money in bitcoin instead.
In my opinion, the comparison of gambling with meme coins is very correct, especially since they now appear every day in the hundreds and on different blockchains.
 And then the results of investing in them are obvious and sad for such young, inexperienced investors.  By the way, custom articles are often written in crypto media about how some lucky trader got rich on another meme coin in one day from a small amount and became a dollar millionaire.  As if such a "Slumdog Millionaire."

 And the mistake of inexperienced players is also that some of them believe that beginners are lucky, although the game is a random process in any case.  And during the game, a beginner, just like all players, can be lucky or unlucky.  It seems to me that this is also a beginner's mistake.  This is too much arrogance and faith in success.
The media does this for two reasons, first they love the attention, so whatever they can do to attract the attention of readers is something they want to get themselves involved with, but the second reason is that I think they are directly paid to write articles like that, while some of the most experimented members of the community look at meme coins with disdain, and with good reason, exchanges love them, since they can bring a stream of newbie investors which will make huge moves and lose it all within weeks, becoming a great source of revenue for exchanges, so it would not surprise me if they paid the media some money to publish those kind of stories regularly.
Yeah.  It looks like it's already been put on the conveyor belt.  In this pipeline of meme coins flow, both exchanges and the media are involved with custom advertising articles about happy buyers of such coins who have earned a lot of money by investing very little. 
It is true that quite a few naive people fall for the trick of this scheme.  And the scheme itself cannot be called pure fraud, but in essence it is at least a veiled deception of people in order to take money from them. 
In the history of the development of cryptocurrencies as a whole, there is now a period in which this scheme is actively used and is still working effectively.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
False expectations are very often the main reason why many people fail at something, and what better example of this than meme coins, in which young and inexperienced investors put their hopes in a meme coin, believing they can get great profits with it in just a matter of weeks, and while such scenario is not impossible, it is very unlikely to happen, and when they fail to get their way they cannot believe this actually happened, while for people that had the right expectations out of those coins, it was easy to foresee such disaster and avoid it by investing their money in bitcoin instead.
In my opinion, the comparison of gambling with meme coins is very correct, especially since they now appear every day in the hundreds and on different blockchains.
 And then the results of investing in them are obvious and sad for such young, inexperienced investors.  By the way, custom articles are often written in crypto media about how some lucky trader got rich on another meme coin in one day from a small amount and became a dollar millionaire.  As if such a "Slumdog Millionaire."

 And the mistake of inexperienced players is also that some of them believe that beginners are lucky, although the game is a random process in any case.  And during the game, a beginner, just like all players, can be lucky or unlucky.  It seems to me that this is also a beginner's mistake.  This is too much arrogance and faith in success.
The media does this for two reasons, first they love the attention, so whatever they can do to attract the attention of readers is something they want to get themselves involved with, but the second reason is that I think they are directly paid to write articles like that, while some of the most experimented members of the community look at meme coins with disdain, and with good reason, exchanges love them, since they can bring a stream of newbie investors which will make huge moves and lose it all within weeks, becoming a great source of revenue for exchanges, so it would not surprise me if they paid the media some money to publish those kind of stories regularly.
legendary
Activity: 2702
Merit: 1465
I think rather than the most common mistakes made by newbies in the gambling world is coming in with the wrong perception of gambling, most of them perceive gambling as a way to multiply their money or as a way to have a   steady income thereby completely overlooking the risks involved. This is exactly why most gamblers end up making wrong choices in their gambling, choices that often lead to loses and even addiction.
Newbies should first acknowledge the fact and always remember that gambling shouldn't be considered as a way to make money, especially by inexperienced gamblers who haven't had a good experience or skill in the field...
False expectations are very often the main reason why many people fail at something, and what better example of this than meme coins, in which young and inexperienced investors put their hopes in a meme coin, believing they can get great profits with it in just a matter of weeks, and while such scenario is not impossible, it is very unlikely to happen, and when they fail to get their way they cannot believe this actually happened, while for people that had the right expectations out of those coins, it was easy to foresee such disaster and avoid it by investing their money in bitcoin instead.
In my opinion, the comparison of gambling with meme coins is very correct, especially since they now appear every day in the hundreds and on different blockchains.
 And then the results of investing in them are obvious and sad for such young, inexperienced investors.  By the way, custom articles are often written in crypto media about how some lucky trader got rich on another meme coin in one day from a small amount and became a dollar millionaire.  As if such a "Slumdog Millionaire."

 And the mistake of inexperienced players is also that some of them believe that beginners are lucky, although the game is a random process in any case.  And during the game, a beginner, just like all players, can be lucky or unlucky.  It seems to me that this is also a beginner's mistake.  This is too much arrogance and faith in success.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
I think rather than the most common mistakes made by newbies in the gambling world is coming in with the wrong perception of gambling, most of them perceive gambling as a way to multiply their money or as a way to have a   steady income thereby completely overlooking the risks involved. This is exactly why most gamblers end up making wrong choices in their gambling, choices that often lead to loses and even addiction.
Newbies should first acknowledge the fact and always remember that gambling shouldn't be considered as a way to make money, especially by inexperienced gamblers who haven't had a good experience or skill in the field...
False expectations are very often the main reason why many people fail at something, and what better example of this than meme coins, in which young and inexperienced investors put their hopes in a meme coin, believing they can get great profits with it in just a matter of weeks, and while such scenario is not impossible, it is very unlikely to happen, and when they fail to get their way they cannot believe this actually happened, while for people that had the right expectations out of those coins, it was easy to foresee such disaster and avoid it by investing their money in bitcoin instead.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
What are the biggest mistakes made by beginners in online gambling? How can they be avoided?
beginners are prone to so many mistakes when it comes to online gambling, first of all they are always attracted to Ads and end up becoming victims of loss. Gambling ordinarily needs attention, time, and strategies to be successful. most beginners don't consider the strategies before gambling rather they believe in adverts and that is why they are always used scammers and end up losing their money to online scammers, i will sincerely encourage them to be patient enough to understand that gambling is all about adverts rather it requires dimension and possible strategies to make it work.
Not just beginners prone making many mistakes but people who often playing gambling also makes that mistakes. Playing gambling needs carefully so we can avoids makes the mistakes because we will not realizes when and how we makes that mistakes. We must pay attention to the games and focus playing the gambling games but we must also use limitation to avoids the big lose. But we maybe agree that the biggest mistakes that beginners and other gamblers makes is when we lose big money in gambling and still wants to recovers that lose which makes us lose more money. Besides that, they can tempts to register on the scam sites without they knows if that site is a scam site because they wants to gets the promotions. The promotions can easily makes people join in the casino because they thinks that they can gets that money.
sr. member
Activity: 1288
Merit: 231
Hire Bitcointalk Camp. Manager @ r7promotions.com
What are the biggest mistakes made by beginners in online gambling? How can they be avoided?
beginners are prone to so many mistakes when it comes to online gambling, first of all they are always attracted to Ads and end up becoming victims of loss. Gambling ordinarily needs attention, time, and strategies to be successful. most beginners don't consider the strategies before gambling rather they believe in adverts and that is why they are always used scammers and end up losing their money to online scammers, i will sincerely encourage them to be patient enough to understand that gambling is all about adverts rather it requires dimension and possible strategies to make it work.
I think rather than the most common mistakes made by newbies in the gambling world is coming in with the wrong perception of gambling, most of them perceive gambling as a way to multiply their money or as a way to have a   steady income thereby completely overlooking the risks involved. This is exactly why most gamblers end up making wrong choices in their gambling, choices that often lead to loses and even addiction.
Newbies should first acknowledge the fact and always remember that gambling shouldn't be considered as a way to make money, especially by inexperienced gamblers who haven't had a good experience or skill in the field...
member
Activity: 252
Merit: 21
★Bitvest.io★ Play Plinko or Invest!
What are the biggest mistakes made by beginners in online gambling? How can they be avoided?
beginners are prone to so many mistakes when it comes to online gambling, first of all they are always attracted to Ads and end up becoming victims of loss. Gambling ordinarily needs attention, time, and strategies to be successful. most beginners don't consider the strategies before gambling rather they believe in adverts and that is why they are always used scammers and end up losing their money to online scammers, i will sincerely encourage them to be patient enough to understand that gambling is all about adverts rather it requires dimension and possible strategies to make it work.
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
I agree with you and its true that education plays a crucial role everywhere influenced heavily by upbringing. I would like to see more people engage in self education, also on platforms like forums where they can learn from the diverse experiences of others. This approach would definitely enhance their initial gambling experiences.
It is very helpful to be in forums like this to learn more. I actually use this as my morning newspaper, instead of going to Google and finding news, this forum is what I open first as I sit in front of my computer.
In gambling, well, it's actually better. We can see a lot of experiences being shared by players from their daily picks to gambling addiction and more. By reading those experiences we are learning a lot about how gambling works especially if we want to make it a long-term habit. Newbies will get their experience even without playing the game yet.
I've learned a lot here in the forums and up until now I am still learning so yes I think that's a good approach to avoiding a messy start.
hero member
Activity: 1176
Merit: 543
fillippone - Winner contest Pizza 2022
Most players don't look into themselves anymore, all they ever do is wager with no strategy or manner of approach.

I think gamblers who just joined the niche should be craving for new information daily on ways to escape addiction.

Then when issued the guidelines they also need to practice it and strategize a method to change the ways they once saw gambling.

Which means those players will be filled with inconsistencies and worse, bad habits. Being irresponsible in gambling could be transfer into other aspect of their lives which could be toward their careers or their family. Conversely, if you systemize your gambling, it could also put the same practice to organize your life. So that's the best I can give. To just enjoy gambling and do your best not to affect your life by it negatively. When you feel like you're doing something wrong, then you probably are.
Does someone that is irresponsible I'm gambling alone be irresponsible in the actual world where their service is needed? I don't think so because I think we all have different reason why we choose to gamble and once we have nit achieved such aim, we might see ourselves going back to try luck to see if we can win. Gambling could take majority of our attention which is one reason we need to be very careful and make ensure if we want to gamble, we do it appropriately not in a way that would attract us more to keep gambling. Disciplinary measure could help a gambler to reduce their urge to gamble and stop gambling because of so many reasons.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
To my unimaginable surprise, gamblers undergo no prior process of researching about gambling, but wager lots of money and spend time doing the game. The most annoying part of the mistakes new gamblers make is that they barely take responsibility of their actions. They think the house has caused it why their funds get lost consistently. Some approach gambling like it's a competition between the player and the house. The misconception new players have for gambling is the main reason they hardly learn the easy way. Correcting such mistakes is very difficult when neglected to stay for a long period.

Most players don't look into themselves anymore, all they ever do is wager with no strategy or manner of approach. I think gamblers who just joined the niche should be craving for new information daily on ways to escape addiction. Then when issued the guidelines they also need to practice it and strategize a method to change the ways they once saw gambling. The initiative plays a vital role in the life of a gambler. Some players already possess the thought of gambling for money. Same mistake is repeatedly seen amongst new gamblers. Those perspectives should be changed to something more productive. Most new players don't think of learning through gambling, the goal is main focused on earning.
It is odd without a doubt, but at the same time, it should not be that surprising, after all you will notice that this is the same attitude most people have towards everything, basically they do no make any kind of research at all on whatever interest them and they just hope that things will go their way, this is the same that happens with trading, in which people use the money they have saved for years through all kind of sacrifices to invest in a meme coin and they get surprised when they are scammed, when for people like us such a scenario was almost a given.
legendary
Activity: 2716
Merit: 1855
Rollbit.com | #1 Solana Casino
-snip-
Start by carefully analyzing your approach, and what your betting objectives are in relation to what I have explained to you. Since as I always say, the first mistake of newbies is themselves.
Beginners do not know what potential is in him and what is actually suitable to play.
Beginners try all the games and bets, but no profit is gained, it will just be a waste of their money.

But when you do a careful analysis and see what you like and how to do it well, then the best potential will be obtained.
This will certainly overcome the first mistake caused by yourself.

But will every beginner be aware of this?
Of course, every beginner has their own mindset, more failures at the beginning, then learn from these failures.
full member
Activity: 1148
Merit: 158
★Bitvest.io★ Play Plinko or Invest!
Most players don't look into themselves anymore, all they ever do is wager with no strategy or manner of approach.

I think gamblers who just joined the niche should be craving for new information daily on ways to escape addiction.

Then when issued the guidelines they also need to practice it and strategize a method to change the ways they once saw gambling.

Which means those players will be filled with inconsistencies and worse, bad habits. Being irresponsible in gambling could be transfer into other aspect of their lives which could be toward their careers or their family. Conversely, if you systemize your gambling, it could also put the same practice to organize your life. So that's the best I can give. To just enjoy gambling and do your best not to affect your life by it negatively. When you feel like you're doing something wrong, then you probably are.
hero member
Activity: 1274
Merit: 561
Leading Crypto Sports Betting & Casino Platform
To my unimaginable surprise, gamblers undergo no prior process of researching about gambling, but wager lots of money and spend time doing the game. The most annoying part of the mistakes new gamblers make is that they barely take responsibility of their actions. They think the house has caused it why their funds get lost consistently. Some approach gambling like it's a competition between the player and the house. The misconception new players have for gambling is the main reason they hardly learn the easy way. Correcting such mistakes is very difficult when neglected to stay for a long period.

Most players don't look into themselves anymore, all they ever do is wager with no strategy or manner of approach. I think gamblers who just joined the niche should be craving for new information daily on ways to escape addiction. Then when issued the guidelines they also need to practice it and strategize a method to change the ways they once saw gambling. The initiative plays a vital role in the life of a gambler. Some players already possess the thought of gambling for money. Same mistake is repeatedly seen amongst new gamblers. Those perspectives should be changed to something more productive. Most new players don't think of learning through gambling, the goal is main focused on earning.
hero member
Activity: 1862
Merit: 574
Leading Crypto Sports Betting & Casino Platform
What are the biggest mistakes made by beginners in online gambling? How can they be avoided?
The common mistake beginners always make in gambling is that they don't take their time to have a better understanding about gambling first. Most beginners believe gambling is a fast way to make money and they also believe the more you play the more money you make in playing . Beginners don't take their time to learn and this is a big mistake that can always result to lose and other damages like addiction in gambling. The mistake about gambling is that people fail to learn , I think if learning should be considered as the first thing to do I gambling their won't be mich mistake in gambling.
Beginners often jump in without understanding the odds, strategies, or even the basic rules of the games they're playing. Believing that the next bet will make up for their losses is a recipe for disaster. This is kind of behavior for the people who gamble to gain quick profits. Gambling should be seen as entertainment, not a way to get rich quickly. New gamblers can easily get caught up in the excitement and lose track of how much they're spending.

Beginners need to take time to research the games to place the bet. There are many sources to guide bettors to understand how the games work. Taking the time to learn and practicing responsible gambling habits, beginners can minimize their losses and maximize their enjoyment. Placing bets is not based on favoritism, but it should be rational choice from informed decision-making. This is the way for gambling that should be viewed as a form of entertainment, responsible gambling means knowing your limits and walking away when you're ahead.
copper member
Activity: 252
Merit: 4
What are the biggest mistakes made by beginners in online gambling? How can they be avoided?
The common mistake beginners always make in gambling is that they don't take their time to have a better understanding about gambling first. Most beginners believe gambling is a fast way to make money and they also believe the more you play the more money you make in playing . Beginners don't take their time to learn and this is a big mistake that can always result to lose and other damages like addiction in gambling. The mistake about gambling is that people fail to learn , I think if learning should be considered as the first thing to do I gambling their won't be mich mistake in gambling.

I agree with you and its true that education plays a crucial role everywhere influenced heavily by upbringing. I would like to see more people engage in self education, also on platforms like forums where they can learn from the diverse experiences of others. This approach would definitely enhance their initial gambling experiences.
legendary
Activity: 1918
Merit: 3047
LE ☮︎ Halving es la purga
OP: What are the biggest mistakes made by beginners in online gambling? How can they be avoided?

What is a mistake when making a bet.

What does the biggest errors mean in relation to the above?

You have to formulate things well, in the area or field of application to which you want to gambler, e.g. let's say you must have heard something called "trial and error," yes!, well, so, you are moving forward.

Consequently, unless we talk about a well-planned structure of where you are going to betting, the errors vary based on that mentioned, trial and error.

That is to say, you cannot put the complexity of betting into a single "bag of errors", that is, the experience in traditional casino games has its degree of experiences and consequently its particularity of errors, even per game.

If we talk about Black Jack, there is a degree of complexity, experiences and errors. The same with Poker, the same with sports betting, and not to mention if we take this to the level of in-person casinos.

Start by carefully analyzing your approach, and what your betting objectives are in relation to what I have explained to you. Since as I always say, the first mistake of newbies is themselves.
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