Topic: What are the biggest mistakes made by beginners in online gambling? How can they - page 4. (Read 793 times)

They don't have power to rid the temptations that comes to them as they also lack of self control which is needs when they playing gambling. They underestimate about having self control in gambling and not thinks about the other things that they must have to prevents the big lose. They don't learn from the other gamblers or reading many stories about gamblers who lose their money in gambling. They drag into their excitements without thinks about to take care of themselves while they playing gambling. They even don't see how much they already lost in gambling because the excitement that they gets from gambling makes them forget to check their balance. If they wants to avoid that things, they must learn about self control and the other things and always use limitations while they playing gambling so they will not have to lose much money.

Lack of emotional control : Gambling isn't a charity organization so you don't engage in it with a mindset of only recording wins, there are times you would lose and lose badly and that's where your emotional abilities are put to the test. Avoid chasing loses out of frustration from losing streaks, normalize quitting the session when you detect your emotions building up so you don't get into bigger troubles.

Not having gambling budget : Always set funds aside for gambling and never go beyond that. I'll advise you that your gambling budget shouldn't be more than 5% of your income weekly or monthly, as soon as its exhausted, do well to pause gambling until the next inflow.

Excessive Spending after winning I fell victim to the excitement that comes with winning and spending without thinking multiple times before becoming wiser. These were for the fact that I never knew about accurate funds management and had to learn it the hard way. When you've won here, plan before spending to avoid unnecessary wastage.

Gambling at the wrong time : Plan your day properly  and assign a time for gambling, don't gamble before attending to the major activities of the day and don't gamble at the start of the day.

High expectations: train yourself to expect nothing from gambling, If you win congratulations, and if you lose, the journey continues. Have other sources of income and never make gambling your occupation

All the  above suggestions would safeguard you from what is called gambling addiction which is a state of gambling without limits or discipline. Excessive gambling has dire consequences on both the Gambler and his loved ones and is such you wouldn't want to experience.

Beginner's mistakes yeah, I don't think we can generalize this to every novice gambler. however, in general, most novice gamblers, especially online, think that gambling is easy to win. usually, most people are interested in gambling when they win. whether it's watching what the streamers play, seeing when a friend or family member wins the bet they made. or, anything that inspires a beginner's interest in gambling. From my point of view, this is actually a common thing for beginners. why, yeah, because they don't understand it or lack knowledge about gambling itself. I say this based on personal experience, because initially the attraction of winning which seemed easy made me get involved in gambling. Even though I started gambling in traditional gambling, gambling is actually easy. yeah, I said it again. betting is easy, easy to win and easy to lose. whatever the type of game, they are all the same based on my point of view. Apart from that, the luck factor is also involved when we carry out a betting session.

Well, the main point for beginners is not the biggest mistake. but how to realize what we actually do from gambling. what is ideal for us about gambling, for example to have fun or to earn extra income. If so, know all the risks, whether it's just for fun and doing it for fun. or, those interested in earning an income from gambling.  beginners must know everything first, and the importance of knowledge, insight, regarding gambling itself. Thus, at least, once a beginner starts gambling, he will not easily lose direction and get carried away in excessive euphoria.

Perhaps the biggest mistake that beginners make in gambling is that they lack risk management - they tend to gamble according to their wishes and don't care whether their money is sufficient or not. This lack of risk management makes them gamble without knowing limits, chase losses too aggressively, and become emotional, which affects their financial condition. Beginners can avoid this by learning to manage their money and as much as possible to regulate their emotions, so that it does not affect their psychology to gamble continuously and make gambling activities something that is detrimental to them.

Of course, gambling is a get rich scheme. Anybody who wants to patiently get huge amount of money should focus on his skills or improving his business so that he can earn more. Because gambling is 50/50, most person come here directly to make quick money so that they can settle their urgent needs like providing money for feeding in the family, paying tuition fees, hospital or electricity bills. Debt can also be one good reason why a gambler would want to double the money he has so that he can meet up to pay back the debt on the day he promised.

Gambling can never be a sure source of income because it involves predictions which may be true or may be false. There is not certain amount of money to be expected every month as a income this is why any one who has a family should look for benefitting job and not rely on gambling to take care of his family.

It's true, we can't just say that it's the beginners who always have the wrong mindset that will endanger themselves in gambling because in fact there are still some gamblers who can be said to have been involved in gambling for quite a long time and have also experienced this very often. - significant bad things such as experiencing a loss of large amounts of money but they still maintain that wrong mindset. Of course, whatever the fact is, as you said, gambling can never be used as a profitable place, uncertainty and lack of guarantees when running a session is always the main reason and it has been proven that winning only happens occasionally and by "coincidence" when you being lucky.

With these facts, it is clear that gambling cannot be used as a place to earn money or as a medium for gaining instant wealth. They are nothing more than losers who want to be rich but don't want to work and just depend on luck in the wrong place, which in the end is very natural for them to experience many bad impacts.

That's right, gambling is freedom or it means that anyone is free to get involved in gambling if for example they have money to gamble, but often most people are trapped and misunderstand what gambling really is, all because they only look at the chances of winning but not considering the other aspect that gambling has a level of risk that can be much higher when treated in the wrong way, the point is that it makes no sense if you dedicate yourself to making money in a place that only depends on luck.

This is very common even to long time gamblers who until now have not achieved the right mindset of a gambler, that gambling is never a get rich quick, and gambling can never replace the position of having a stable job. Although you can win big from gambling, but that is only rare to happen as losses will always outnumber our gains or profits.

There is no wrong with gambling actually. What makes it wrong is that when we start seeing gambling as a reliable source of living when in reality it will never be. Gambling is purely based on luck and chances, and it’s not all the time that we get extra lucky and win our bets.

This is a common thought not just for old time gamblers but also for the beginners that have started their ways to gamble. They think that it's the easiest place to make money and that's why many becomes addicted to it and they start some common habits that many aren't noticing that they're doing. And one of it is becoming optimistic for every bet that they do, they think that it's going to be a good start when they'll be optimistic with their bets and even if they're already on the losing streak, they're not going to stop because they're optimistic.
So, so much optimism is also bad when it is loud and clear that you're on a bad day and losing streak that keeps on coming.
When you won't stop at that day, you'll incur more losses and that's a mistake that many does, so there's no exemption on it and the acceptance that you're having a bad day with full of losing streaks is a pill that's hard to swallow.
You think that there's still ways that you'll able to recover which is true but you have no idea if those ways are going to give you full recovery for which most gamblers have accepted it that when you lose, then forget about those and start somewhere else. Many will agree that it is one of the biggest mistakes that many are doing, thinking that gambling is like a cash cow to them where they'd just land and get money with just few bets but in the end, the opposite happens and they're losing more money instead.

How then should a beginner choose the right casino. Even on this forum, 1xbet was advertise and other casinos that users have complained of scamming them. I think that choose a right casino is to ask the right questions to the right people. The right person to ask is an experienced gambler.


On the other side of not creating a gambling budget is not tracking your gambling expenses. They look the same but they are not. Some gamblers have their gambling budget in their head, some wrote it at the back of their bet slip all of which are susceptible to loss and damages. I think the right thing to do is to keep track of the gambling expenses on a excel spreadsheet. I am using excel because it is the simplest to assess. At the end of 3 months the beginner can return to the sheets and know how much has been spent and how much profit they made form gambling.

One common mistake I've seen lots of gambling newbies make in online gambling site is, that they are beginning to develop skills and wining strategy by studying the game, which will make them gamble more, and each time they come up with a mindset that they have learnt new strategies. I often laugh to my satisfaction whenever I am being presented with these idea by newbies. Unknown to them that they could easily get addicted if they keep on thinking they are learning winning strategies, while the major overall outcome of their gambling experience is a huge loss. The earlier they realise that gambling is a game of luck and not a skilled game, the better for them.

OP, what did I tell you in my first reply in this thread? Lots of boring lectures and blah, blah, blah posts about responsible gambling and budgeting - exactly as I predicted. Hahaha!

Or simply being that too greedy on which this is something the most common mistake that every beginners or even with those older gamblers or veterans on the time that they do gamble on which there would really be that common urge on wanting for more profits on which this is something that you would really be coming after as always. This isnt really that shocking thing on where you would really be aiming for profits.
People would really be only making out those kind of realizations on the time that they would really be suffering with those unfortunate conditions but on the time that they arent still that experiencing such stuff
then they would really be continuing no matter what on which this is really something a mistake. This is why it would really be better to be wary with your actions if you dont really like to mess up yourself
because this is where gamblers do usually that experiencing those life unfortunate conditions when you do tolerate that much in speaking about gambling addiction due to greed.

Beginners luck.  A lot of people win right off the bat and think that's how easy it will always be.  A lot of those players get hooked and make dumb decisions trying to replicate the same experience.  It's tough to tell someone that like that how easy it is to lose because they base their decisions on experience and greed is terrible to try to overcome. 

Being too excited about their winnings and forget how to take profit.
This is the usual mistakes because they can’t still control their emotions and this is also happening in physical casinos. The only wait to avoid it is to learn how to be more professional and responsible. In gambling you should always have your limit and strategy because its not always about betting, it’s also about controlling yourself not to be greedy.

not sure whether anyone has answered it or not, what I know from several cases of mistakes that beginner gamblers often make is just thinking instantaneously or considering gambling as the easiest place to make money.
and the bad thoughts that beginner gamblers have usually arise after they are not initially gamblers but too often they see someone gambling or see streamers who earn money very easily, a beginner gambler's ambition becomes very big and it seems as though they feel challenged to try gambling.
without realizing it, novice gamblers don't have any problems and end up forcing themselves to try gambling using money they can't afford to lose and in the end feel angry and regretful and want to chase after their losses assuming they want to get their money back.
and this is a bad start for novice gamblers who don't have much experience who dare to try gambling without any knowledge.
but also many beginner gamblers are lucky enough to get big wins even though they gamble without any knowledge and these big wins can give beginner gamblers an addiction because after winning, a beginner gambler thinks that it is really easy to get money from gambling even though he doesn't know how big the risks are in the long term.

the way to overcome this problem is quite simple, namely, try to gain knowledge about the various risks in several types of gambling games, such as the risks in games of luck and also the risks in games of skill.
after that, try to see how gambling works to find out what you have to control yourself so as not to spend too much money.
after some understanding you can understand it try to always think this is just a game of luck not a place to make money.

Betting carelessly, betting without doing a thorough analysis, betting without using a strategy and betting non-stop. This is what beginners often do when gambling or betting.

Although gambling or betting is a game of chance, and luck plays a quite important role in every win. However, to increase the chances of winning, we must continue to improve our strategy and skills in gambling and betting. Likewise with beginners, they have to improve their style and skills in gambling. However, behind all that, there are things that are more important than improving strategy and skills in gambling, namely self-control and good emotional control, so that you can be wiser in gambling and know when to play and when to stop.

Social media influencers turning into a second hand scammers by helping a scam platforms to loot the people and in my opinion they should be punished to stop these kind of scams by the respective governments.

Even in bitcointalk there are few casinos who still manages to scam people even after hundreds of open scam accusations against them which shows how people were ignorant when picking things online.

Here are some of the mistakes that I think a beginner could experience:

• Beginners often have high expectations in gambling to the point that they think that they can win every time they gamble;
• Overspending or going beyond the budget allocated for gambling;
• Beginners tend to chase their losses by betting again;
• They often go all out since they do not understand the nature of gambling; and
• Being overconfident.

There are still lots of factors that beginners make whenever they try to gamble but I submit that chasing your losses by gambling and overspending beyond your means are the biggest mistakes that they may experience. Gambling is a game of chance- meaning the result can always go either direction depending on your luck. Newbies lack experience so they tend to have high expectations of winning the jackpot, so, they tend to continuously gamble until they get what they have hoped for.

The biggest mistake is taking gambling as a method to make money while it is actually fun and entertaining and should be kept limited to that only. Unfortunately people who hunting for free bitcoins often end up in these sites following a random affiliate link and then waste money on the games to lose everything.

Go to Vegas once a year and spend some money there but no need to login to casino everyday to attempt that.

This can easily be avoided, but without prior knowledge of how casinos work, this might take some time for naive people.

Too greedy. They think gambling is meant to make money but that is totally wrong.
Gambling is meant to be enjoyed and not to a milking cow because we cannot milk them as the house edge will always be there to defeat us.
Even if we win today, once we go back we can feel that every ounce of what we made/profited is being taken back like there's a black hole sucking it in.
We should be wiser than that. When we win in a casino game, let's choose a different path where the gambling site's system would not have the power to control it. Sports betting for example.