Big House Edge
House Edge is believed to be the biggest enemy of casino players.
A higher house edge means the casino has all the power to beat an average gambler. Technically, a house edge is a certain percentage that’s always disclosed in-game details shared with you by the casino.
The rule is simple – the casino will profit on every bet you make according to whatever house edge percentage it has shared with you. For example, if you’re playing Blackjack with a 0.40% house edge, the casino will deduct 0.40% from every $100 bet you make.
Absence of Strategy
Gambling has come a long way. The general misconception about online casino gaming is it involves uncertainty and probability. But the truth is it takes strategy building and proper risk management to excel in online gambling rather than just going with the flow.
Having a robust strategy isn’t just an option but a necessity, considering the highly competitive environment in which present-day gamblers are bound to survive. Thus one reason you might be lagging behind or facing continuous losses is the absence of a powerful gambling plan which, if present, can significantly increase your odds of winning
Believing in Tricks and Combos
This type of belief that there’s a formula to winning or lucky numbers is another reason players lose tons of their money online. Chasing lucky combos and applying them blindly could drive you into endless irrecoverable losses.
As discussed above, today’s casino gambling is more about strategy than chances or probabilities. Obviously, you can’t be too certain of the success of your planned strategy (it is a gamble, after all), but it is still something you can trust better than just depending on random lucky numbers and faulty superstitions.
Lack of Self-Control/Decision Making
How many times have you just can’t resist playing even after encountering losses in a row? This happens when you don’t have enough resistance or self-control. The first and most important rule of gambling is never to chase your losses.
The more you play to recover your losses, the more likely you’re to lose. So make sure you set loss limits and stick to them religiously. This way, you can keep track of your losses and take back control of your spending.
Selection of Game
The most important thing to remember is to choose a game that you’re interested in. You can’t do well in something you’re not passionate about. Choose a game you know about and create a strategy around it. Happy gambling!