Common Online Casino Mistakes: 3 Things punters should Avoid
While the regulated UK gambling industry generated a cumulative yield of £6.8 billion in the financial year of 2013-2014, it is important to note that the contribution of the online sector passed the $1 billion for the first time. The biggest shift in virtual gambling came in the burgeoning casino sector, which now accounts for an impressive 16% of the total market and this figure is likely to grow further in the months ahead. Online casino play is fraught with risks and pitfalls, however, many of which need to be avoided if you are going to be successful.
With this in mind, let’s take a look at these pitfalls and identify the most common examples.
Not Knowing when to Quit
While public authorities have done an excellent job at regulating the online casino market, each player must assume individual responsibility for their own actions when looking to gamble responsibly. More specifically, they must develop an intuitive understanding of when to pursue big prizes and when to cut their losses, as this is ultimately what distinguishes successful gamblers from enthusiastic novices. Regardless of whether this translates into knowing when to fold a poker hand or changing course after you have endured a significant losing streak, the key thing is that you avoid the pitfall of not knowing when to quit.
Not Distinguishing between Different Types of Games
For novice or less knowledgeable players, there is a tendency to categorise all casino games as being closely related. There is an incredible diversity of games and titles available to take a punt on however, each of which requires an alternative level of skill and application. So while some titles are little more than games of chance, for example, others such as poker and blackjack demand a purposeful strategy that can be easily executed. Many players fail to recognise this, with the result that they partake in games that are ill-equipped to understand.
Ignoring Individual Terms and Conditions
There is a large number of online casinos active in 2014, and each individual website has its own unique terms and conditions. These are usually quite complex and detailed, while they will govern the way in which you gamble and your responsibilities as an individual player. Online casinos will also have terms that explain the real-time promotions that they advertise, so it is crucial that you read and understand these fully before investing your hard earned money. Many players ignore these terms, however, with the result that they can lose money and compromise any accumulated winnings.
Make sure that these are not ignored to avoid stumbling over wagering requirements stated for withdrawals of bonuses in particular, top bookmakers such as Bet365, William Hill, Ladbrokes and almost every other casino bookmaker stating these within their terms and conditions.