Know about Bitcoin Casino Games mistakes done by every Gambler
With the advent of online casinos, it’s easier than ever for everyone to try gambling. However, if you are just beginning to play online casino games, you are likely to make some common gambling mistakes. The most common among them all is thinking that gambling will make you a billionaire. When you are playing Bitcoin Casino Games in an online casino with Bitcoins, you can’t afford to make mistakes – big or small – as it will adversely impact your bankroll.
Following are some common mistakes that gamblers make when playing table/card games online:
NOT KNOWING YOUR GAME
This is especially true for gamblers who are just starting out. Even if all table games appear to be similar, they are not so! Some of the most common games in the world, like Roulette, can have countless variations. For instance, the European roulette offers higher odds of winning than the American roulette as it only has a single zero (0). Even slight variations in the rules changes your odds and the betting strategy that you should employ to increase your chances of winning.
Some players even start playing without acquainting themselves with the rules of the Bitcoin Casino Games. You should at least have a basic understanding of the game and its strategies before you put any real money into the game. Many online casinos have a free play feature using which you can get to know the game without wagering any real money into it.
PLAYING WITH AN IMPAIRED JUDGMENT
Having alcohol and other substances can negatively affect your decision-making skills, preventing you from thinking rationally about the choices you are going to make. Same goes with your mood: if you are in a bad mood, you should probably avoid playing Online Casino Games With Bitcoin at that moment. No one is really immune to the excitement and emotional rush that gambling induces in people, but you should try to control your emotions when you are playing to increase your odds of winning.
CHASING YOUR LOSSES
It is one of the most terrible ways to manage your bankroll. This tendency of chasing losses by doubling bets is a certain recipe for disaster. Not only do you require a massive bankroll to double your bets each time, the table you are playing at might even have a betting limit per hand. This means that you might not be able to double until you are even. The smart way to go about it is to decide beforehand on the money that you are comfortable losing. And do not breach this hard limit, no matter what.
EXCEEDING YOUR BANKROLL
Not staying within your bankroll is probably the most basic mistake a gambler makes. The thrill of winning big can often blind you from seeing how risky a position that is. Devising simple bankroll management strategies and sticking to them can help you minimize your potential losses to a great extent on days you are not so well-endowed with luck.
A good rule of thumb that you can follow is to set aside half of your winnings, whether you are playing online or in a land-based casino. This makes sure that you won’t leave the casino with an amount which is less than what you started with. Another popular and effective strategy is the Stop-Loss Strategy. This involves reducing the value of your wagers whenever you face a loss.
BETTING TOO LARGE
As you might already have realized, managing your bankroll properly is crucial to the length of your gaming sessions. Once you decide on the bankroll for a session, you need to adjust your wagers accordingly. A simple strategy would be to never bet more than 10% of your bankroll on one hand. This ensures that you get to play Bitcoin Casino Games long enough so that you don’t lose all your bankroll in a single wager.
USING THE MARTINGALE BETTING SYSTEM
The Martingale system states that if you double your bets after every loss, you will eventually recover all your previous losses in addition to a small profit equal to your original wager. However, the problem with this betting system is that it assumes that the player has an infinite amount of money, a table with no limits, and an infinite amount of time. Anyone familiar with a casino knows that neither of the three exists.
NOT USING ONLINE CASINO BONUSES
It is always a good idea to make use of promotions and bonuses offered by online casinos. This is similar to the ‘comps’ that you might receive at an offline, land-based casino. Online gambling sites are known for their generous rewards and bonuses, and you should definitely take benefit of those.