When you step into a casino you want to have a bit of fun, hopefully win some money, and hopefully not lose too much money. But if you are just learning how to play casino games, or if you have not been to many casinos, they can be fairly overwhelming places. However you want to look as if you know what you are doing and ensure that you do not make any silly mistakes. In this article we take a look at the top five mistakes that gamblers generally make – just so you know what to avoid doing.
1. Set your limits
Very few people can wander into a casino and not really worry about how much money they are putting on the table. Casino games are games of chance and you need to be aware that while you might win big, it is also highly possible that you will lose. You need to know how much you can afford to risk in this exercise. A lot of experienced gamblers will run a separate account, or betting bank, which isolates the funds that they have set aside for gambling and stores any winnings – this way any losses do not directly impact their day to day financial affairs.
2. Do not borrow money to play
This is just asking for trouble – you are effectively betting with someone else’s money so any losses will hit you twice as hard. This rule applies to credit cards too.
3. Know the rules
A sure fire way to lose your money is to start playing a game without really understanding the rules. If you don’t know how the betting works or how winning bets are selected then you may as well just throw your money away.
4. Know when to walk away
If there is anything we have learnt from country music legend Kenny Rogers is that not only do you have to know when to hold ‘em, and know when to fold ‘em, you also have to know when to walk away. If you have had a reasonable win do not get greedy – do not kid yourself that you are now on a winning streak and can do no wrong. The odds of casino games are designed to ensure that overall the house makes a profit, if you have been one of the lucky ones to win some money you need to walk away with that money in your pocket otherwise you will just end up giving it all back to the house again.
5. Make a plan of attack
While you might decide to wander into a casino after dinner to have a few drinks and some laughs with your friends, most serious gamblers will approach a casino with a clear plan of how the night will unfold. Don’t just get distracted by the brightest lights, think about which games you want to play, what sorts of bets you are going to make, and what your limits are.
Casinos are a great example of where you can learn from the mistakes of others. Avoid these common mistakes and make the most of your night out at a casino.