Topic: What are the biggest mistakes made by beginners in online gambling? How can they - page 5. (Read 924 times)

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.

One of their mistakes that always leads to regret is not taking T&C very seriously. A lot of newbie gamblers are only focused on what they could get from the casino rather than what the casino can hold against them.
 
Some of them just slide into a casino through a link they saw online, either from influencers who are paid to promote the casino or from some random bonus link they receive, and they decide to register and take advantage of the bonus that has been given without checking the pros and cons of the casino, which means they might end up wasting their time and still getting banned at the end of the day.

That's true, its not every online gambling website we are to trust, some are not offering us anything than to deceive new members to register and make deposit on their platform, such will have no withdrawal permission, poor customers service and the platform as well will not be properly developed and structured not to talk of the user interface, all they mostly do is to engage influencers to help advertise what they do and make use of ads and other social links to make people click and register with them online.

I always feel sad when I see stories like this about how players went to a fraudulent gambling site because they didn’t recognize it by its appearance and found a link somewhere on the Internet or social networks, and there the page was simply copied and with a lot of fake subscribers. Also, some new players fall for scammers' tricks such as private messages. Scammers write to them with a photo of a young girl and after a short conversation she gives him a link. After all, as you know, many young people can buy their appearance on a social network. I hear about this all the time and wonder when it will stop, but probably never, or until people learn basic safety skills. In short, I agree that this is the worst thing for a beginner. The gambling industry is losing this player for a long time due to the fear of falling for the same or a similar trick again. And the scammers, after making such terrible money, will continue to do this because they received rewards. Everyone tries hard except the scammers.

Most common mistake of a beginner is picking scam/shady casino to start their gambling experience. I even saw people from social media promotes fake casinos and investment and this is giving the exposure to people who have no idea about what is gambling but they will be interested in trying cause the people they follow suggested them to do.

Stop promoting scam platforms and let's save those innocent followers...

The biggest one should be the most basic one, based on my experience from several stories of my newbie friends who play gambling, they always think that they can be different and win every gambling session. This kind of thinking should not exist considering that luck also has a correlation with odds, or RTP if we talk about slots.

The way to avoid the mindset like I said is to realize that gambling is completely about luck and also calculation (if in sports betting), remain logical in gambling, don't lose control of yourself over your gambling.

Here are some of the mistakes beginners make in gambling some time, which they need to avoid them to stay long in gambling.
1) Continue betting when losing in the gambling: Whenever you encounter losing in your online gambling, all you need to do to avoid losing your money is to stop gamble through out the day to know what really caused the loss, I believe you will begin to get it right as a beginner.


2) Ensure you have a budget in your gambling: If you don't want to make mistakes in your gambling that will make you regret as a gambler  ensure you have a budget in your gambling, like the amount you will be using to gamble a day either winning or loosing, you will not gamble above that amount of money.


3) Never you borrow money to gamble: Many gamblers use to fall victims on this one some time because is very difficult to avoid in gambling, but try your best to avoid it, and if you don't have money to gamble you can use the opportunity to research to get more tactics on how to win in the gambling.

It is interesting that so many opinions about mistakes in gambling can also apply to other areas, such as investment or trading. Choosing the wrong exchange is equivalent to choosing the wrong casino, gambling with money they can't afford to lose is the same as opening a position with money they can't afford to lose, and so on. If this assumption is correct, maybe anyone with some degree of experience in trading/investment will quickly realize what they should avoid if they don't want to lose too much money.

I guess you can say that greed is the root of all of this, as mentioned above. Sadly controlling greed is not as easy as copy-pasting articles on the internet. Even I fall for rationalization more often than not, even though I realize that doing so is risky.

Newbies can avoid all these mistakes if only they do research and talk to veteran gamblers, we already have the internet all they need to do is to check all the many risks of too much involvement and betting too much.

If they did their research they would find out that they should not take a loan or use their saving to gamble and they are not going to chase their losses most importantly they will not gamble what they can afford to lose, unfortunately, gamblers choose to learn from his experience which is the worse and costliest way to learn about gambling.

I believe it's always about the greediness. It's going to make it easy to make yourself try to gamble and gamble. And you have now the gambler's fallacy, that if you bet a little more, you would reach that "jackpot" that you have been waiting on for so long.

This stuff can be avoided if you educate yourself by knowing why people do that and make sure that it's best you do risk management.

they gamble more than they can afford. many novice gamblers do things like this, where they gamble more money than they can afford to lose and what's worse is that they don't regret it. it is a fatal mistake made by novice gamblers because gambling beyond their means is something that will make the gambler go bankrupt in a short time and it does not rule out the possibility that it will disrupt their relationships with their family or friends, because they may use other people's money just to gamble.

however, novice gamblers can avoid this by gambling responsibly and as much as possible to control their desire not to gamble excessively. if they do this, then it will be very easy to avoid this problem.

The biggest mistakes makes by beginners is when they can't learn from other mistakes and don't wants to learn many things related to gambling such as self control, limitation, and else. If they don't wants to learn it, even if they already lose money before, they will gets many mistakes from gambling. That can impact their lives and ruins it without have a chance to realizes or fix the mistakes. They can avoids the mistakes if they have awareness to realizes and trying to limits themselves from playing gambling and not thinks that playing gambling can gives them money. It's not easy to realizes because gambling can tempts anyone who playing gambling, especially when they don't have limitations and self control with the other things. Every people can do that, but if they don't realizes, that will be too difficult for them and will gives many problems to them.

Most of the time they lead to the wrong casino, like not reputable, trusted and reliable, if you are a newbie of course all the things if broad, you cant choose what is the right because there's a lot of people recommendations, at your own risk too its a good thing to make a background check so you can check if what kind of casino ideal to your gambling habit. Like focus in rewards, wage, weekly events, supported coins and games, and also fast withdrawals are the possible factors. There is ton of information in the internet, also to newbies they can get here and check if that casino has a background here seems like most of the people in crypto world came here just to take a look whats all about the forum.

Yes, just like you outlined, Beginners are wildly prone to making a lot of mistakes, this mistakes seems inevitable because they have not been into the system and more likely some few beginners who just ventured into gambling has failed to prioritize their interest to understand the reality and approach towards gambling. Beginners can be easily outplayed just by watching or seeing in medias on the huge win of most people after gambling and they simply become carried away by this act and often try their every possible best to get the actual or better result than what they came across, this will cause them to put more finance into gambling even while they keeping losing and getting financial reckless they still hope on luck shinning one day in which they recover all they lost, not minding this is a wrong approach to follow.