In his song, the Gambler, Kenny Rodgers gives very crucial advice to players. With his experience and having gambled for so many years, he says that as a gambler, you should know when to walk away and know when to run. You should also never count your Money when you're sitting at the table, just because you'll have enough time to count all your spoils once the game is done. If you're going to become a successful gambler, then there are inevitable mistakes you must never commit, and to help you out, here we have a look at some of them.
The Gambler’s Fallacy
The gambler fallacy is a common phenomenon amongst most gamblers. It merely means that you think you are due because a particular outcome has not occurred for a long time. This is a massive mistake that if you consider, then you may end up losing a substantial amount of your betting money. You should know that the outcome of any Gambling result is always independent of the previous issue. It means that if a finding has not occurred in a while, there are no chances that that's going to happen on your next round.
Not knowing what game you are playing
There are so many gambling games in the world, and all of them have the potential of making you a lot of money, but this will only happen if you really don't know what you're playing. If you are going back and forth and just trying to see if you can get lucky, then you can be sure that that is the fastest way to lose your money.
Before you get to a slot, or you start playing any game on the floor, be sure that you know the exact match and you'll understand how to play it and most importantly you know how the payout and stakes for that game are done. Without this knowledge, you'll be like a blind person walking in the dark and hoping to get the direction right. You won’t realise when you fell into a ditch - and lose all your money.
Playing the games, you shouldn’t be playing
Not knowing the specific rules on how to play a particular game in a casino is one thing but also playing the wrong games is another mistake you must avoid at all cost. There is a myriad of casino games, and there are certain ones that are known to come with excellent odds. For example, the blackjack is a darling for many people because of the enormous odds it usually carries. When you are just starting out, therefore, it is recommended that you start with games that have good odds where you have higher chances of making back your money as soon as possible.
However, most people are fond of going for games that are less known or those that come with very low odds and as such, exposing their money to losses without any good reasons. Be sure, therefore, that when you step into Kiwi casinos or any casino for that matter, you only choose the games that you know you're good at and those that come with excellent odds.
Gambling with emotionsSuccessful gamblers know that gambling and emotions will never reside under the same roof. It merely means that you cannot gamble and be emotional at the same time. Some people may start losing money, and instead of them stopping spending more money on the slots, they continue pumping more money hoping that the next round will be a windfall. This is always a huge trap you must avoid if you want to become a successful gambler.
The best thing for you to do is that once your budget for the day is depleted or you've made enough losses, then you should just to walk away from the casino. Losing money is not an easy thing, and the moment you start seeing your money disappearing fast, you're likely to get emotional and if you cannot separate the two then just know that gambling is not for you and you should never ever try to gamble again. Besides, good gambler knows that they may have a life to win another day.
Playing beyond your bankroll.
This has been partially mentioned above, and it's another mistake you have to avoid if you want to become successful in gambling. Playing beyond your bankroll simply means you are trying to put more money than you actually have or that you had anticipated or planned to use for that day or that session. In other words, you're failing to cut your coat according to your size, and this is a lovely way to go bankrupt in the shortest time possible.
Don't be swayed by the desire to win big while gambling. As a rule of thumb, always set aside half of your winnings to bankroll your next games. Once that is depleted, take one step back and evaluate your finances before you keep on gambling. This is because if you're not careful, you may end up losing money you're not supposed to be used for gambling.
Trying to win back what you had lostIf you make a loss and become aggressive by gambling more so that you win back what you have forgotten, then you are not a gambler, and the best thing you should do is to just walk away from the casino or from the betting site. At such times, you're making decisions with your emotions just because you're trying to get back some of the law says you have made.
As noted earlier, emotions have no place in gambling and if you want to get that emotional to try to win to cover up for the losses you've made, just know that you're digging a deeper grave that you will soon the plunge into. Just understand that losses do happen, and embrace as part of your gambling career. Do you accept losses in gambling than you're not a gambler and the last place you should be found is within the precincts of any casino?