What are the biggest mistakes made by beginners in online gambling? How can they - page 5.

Nwada001

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Quote from: EmilyPayne on April 22, 2024, 02:27:58 PM

What are the biggest mistakes made by beginners in online gambling? How can they be avoided?

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.

Doan9269

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Quote from: Findingnemo on April 24, 2024, 12:14:57 PM

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...

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.

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Quote from: Findingnemo on April 24, 2024, 12:14:57 PM

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...

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.

Findingnemo

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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...

MAAManda

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Quote from: EmilyPayne on April 22, 2024, 02:27:58 PM

What are the biggest mistakes made by beginners in online gambling? How can they be avoided?

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.

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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.

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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.

aioc

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Quote from: EmilyPayne on April 22, 2024, 02:27:58 PM

What are the biggest mistakes made by beginners in online gambling? How can they be avoided?

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.

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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.

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Quote from: EmilyPayne on April 22, 2024, 02:27:58 PM

What are the biggest mistakes made by beginners in online gambling? How can they be avoided?

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.

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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.

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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.

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Quote from: bitbollo on April 24, 2024, 08:17:13 AM

Quote from: EmilyPayne on April 22, 2024, 02:27:58 PM

What are the biggest mistakes made by beginners in online gambling? How can they be avoided?

there are a lot of mistakes that can be listed. first of all: play only for jackpot and not for win (even small amount of money).
In this way it's completely sure they will just loss money.
the second one very common: they are playing every game/match even if they are not confident with it, or worst they don't have clear all rules.
the third one: bad money management.
I can continue... however the only way to avoid these mistakes is : study and learn how to play. everything else is just a waste of time.

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.

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Quote from: EmilyPayne on April 22, 2024, 02:27:58 PM

What are the biggest mistakes made by beginners in online gambling? How can they be avoided?

The common mistake made by newbies is they are easy to get fooled by some people who promote that its easy to win on casinos. There's a lot of temptation on social media and they believe on those people promoting that they can easily get rich if they sign up on the link given by those people and try to gamble at anytime they want. Also they believe that they can get those big gains gotten by those streamers that's why it leave some greed in their mind and try to catch up with what those influential people do. That's how most of them lost and later on their realize that what they have done on earliest part of their gaming habits is really wrong. And to bad they come up with that realization when they lose a lot of money, but everything can be corrected especially if they learn from their mistakes and not became an insane one which is still denial on everything bad situations happened to them.

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Quote from: EmilyPayne on April 22, 2024, 02:27:58 PM

What are the biggest mistakes made by beginners in online gambling? How can they be avoided?

Their biggest mistake and it also comes from my experience is thinking that you can double your money in gambling especially if you experience winning the first time you bet.

There's such a thing as beginner's luck and I consider this a curse more than a blessing because you will hold on to this thinking until you lose a lot and realize that it's not the case and gambling is a game of luck.

I've seen newbies insisting that they have found a method to beat the house, these newbies do not research the facts in gambling, they rely on observations and success stories of those who win huge money without checking the facts that the winnings are just a fraction their losses.

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Quote from: EmilyPayne on April 22, 2024, 02:27:58 PM

What are the biggest mistakes made by beginners in online gambling? How can they be avoided?

there are a lot of mistakes that can be listed. first of all: play only for jackpot and not for win (even small amount of money).
In this way it's completely sure they will just loss money.
the second one very common: they are playing every game/match even if they are not confident with it, or worst they don't have clear all rules.
the third one: bad money management.
I can continue... however the only way to avoid these mistakes is : study and learn how to play. everything else is just a waste of time.

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Quote from: EmilyPayne on April 22, 2024, 02:27:58 PM

What are the biggest mistakes made by beginners in online gambling? How can they be avoided?

Beginners don't need to avoid mistakes the first time they gamble, because from these mistakes they can learn a lot, that in any type of gambling there also needs to be something called financial management in allocating a % for betting. However, if you only gamble following your ambition because you see other people making big profits and then feel that you will also get the same thing, then the gambler will continue to try to chase victory with the aim of covering his own losses.

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Quote from: EmilyPayne on April 22, 2024, 02:27:58 PM

What are the biggest mistakes made by beginners in online gambling? How can they be avoided?

One of the biggest and very common mistake for those beginners are they fall on what we called "beginners luck"
They assume that they will win again once they repeat the bet because they already won at the beginning, sometimes even though they have been told that they should be aware and conscious when they experience it, they still do not follow the advice given because they are already trapped in the idea that they need to continue betting because if they stop, the opportunity to win may be wasted.

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Quote from: Dave1 on April 24, 2024, 02:50:48 AM

So for beginners, it's important that they should see as gambling as not a get rich quick scheme. It is still base on luck and not all of us have this kind of beginners luck. And capital management as well, very important so that you won't fall for the addiction and you need to control it early.

It's fine for someone to lose money at the first time, I always think it as a learning process.

But if they comeback to gamble with a lot of money and trying to recover the previous losses, then they're stupid since they can't learn from their mistakes. I don't understand why those gambling addicts don't have a common sense to think if they've gamble a lot but they still not in profit.

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Being too aggressive. We should avoid that because it leads to more losses. Try to enjoy the games as much as possible and don't give in with chasing the losses or being greedy.

Mimicking a streamer. Let's not do this. Some of those streamers are funded by the gambling site that they are promoting so we might as well avoid copying them because we have our own budget and the amount we can afford to lose. And that's real money.

Tailing everyone with their bets and picks. Try to make your own analyzation about the game too if you are in sports betting. Maybe that way you could see the difference on your own prediction against the other and it also helps learning the game.

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