Playing online slots is a very popular way of passing the time, especially because they are such a simple concept. You place a bet, press the spin button, watch and see if you win.
Sure you can find more advanced slot strategies out there, but if you don’t, it doesn’t kill the enjoyment of this simple gamble. Compared to other games such as blackjack, baccarat or video poker, online slots do not have as many tactics to take into consideration.
However, there are some common mistakes which online slot players make, which could be something you need to think about before you next spin the reels.
Chasing your losses
If this becomes a regular habit, it can eventually become very dangerous for your financial security and can do more damage than good.
It is always important to remember that slots are there to make casinos money, so whilst it is possible to hit big wins, in the long run, you will generally lose.
When you start chasing your losses, this is where the casino game will stop being entertaining and will become more frustrating. And if you stop having fun, it’s time to stop gambling.
When gambling online, if you do find yourself chasing your losses and becoming increasingly frustrated, then it may be time to take a step back and have a break. Reputable casinos often have an array of responsible gambling tools that you can use to keep your gambling in check.
Lack of bankroll management
Managing your bankroll is one of the most important parts of online gambling, as this is where you establish how much you can afford to spend before you spin the reels.
Once you’ve set yourself a limit, whether for the night, the week, or the month, stick to it and don’t go over that budget.
Spending your entire allocation for the month in one sitting is not something we would advise, which is when it is important to be honest with yourself, keep to your target and quit playing when you reach your allocated limit.
Managing your online casino bankroll is essential when gambling online, and while careful budgeting should be your primary way to manage your bankroll, introducing a betting limit will guarantee you don’t waste all your money – should you start losing more than you are winning.
Most good online casinos, such as Mr Green casino, will have built-in tools for you to set your own limits and give you warnings if you are playing more or less than you usually are.
Playing after winning big
If you have been lucky enough to win on online jackpot slot games, it is important that you then take a break from gambling for a while.
After winning big, there is the possibility that your emotions will drive you to make spontaneous decisions, which is why it is common for big winners, for the first time, to lose it all.
It’s a horrible situation which can easily be rectified by setting yourself a winning limit. What’s this you say? Simple. Pick a percentage amount on your deposit that you’ll withdraw if you hit it.
So say you want to walk away with double your money (or 100%) and you deposit £€$50, if you get a win over £€$100, you can click the withdraw button. If you want, you can keep anything from the original deposit to keep playing.
Therefore, it is important that you take a step back and have some rest for a while, which will ensure there is no sense of rush when you gamble.
Betting too high with a bonus
In the online slot world, this is definitely one of the most common mistakes which is made by novices. Yes, it might seem counter-intuitive – after all, if you are going to bet more than your normal bet, why not use bonus bets rather than real money slot spins?
But, you may not be aware of maximum stakes in some T&Cs of casino bonuses.
Say you take advantage of a bonus from a casino – such as free spins, no-deposit bonuses, matched deposit bonuses, cashback and more. However, if you start making individual stakes more than the ‘maximum stake’ in the T&Cs, you will forfeit all wins.
This means that you cannot stake more than a certain amount of money while using bonus funds. Usually something around $5 to $8 a spin.
To avoid making this potentially devastating mistake, it is important that you check the terms and conditions of a bonus before playing. This will prevent any situations where your winnings could potentially be wiped by the casino completely, so you should always make sure that you’re playing within the allowed stake sizes for your bonus.
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