Why Online Casino Players Consistently Lose
The house always wins at real money online casinos. That’s just a fact of gambling. However, there are some people that lose more money than others. Often, consistent losers all share the same qualities. Today, we will give you five reasons that some online casino players lose more often when playing online casino games.
They Play Above Their Bankroll
A common mistake that many online casino players make at some point is playing above their bankroll. Often, new players make this mistake. For example, someone makes a credit card deposit for $50 and starts playing online slots at $5 per spin. In just a few spins, this person may find themselves busted and having to reload.
Then there are players who have the “go big or go home” mentality. They figure that they will take a big shot at higher stakes and hope to get lucky. However, often they end up busting out and bemoaning their bad luck.
Instead, a player should play stakes appropriate for the money in their bankroll. As the bankroll grows, then move up in stakes if you are OK with the increased variance.
They Play Games With Horrible House Edges
We all know that the house edge is where the casino makes its money. Some players completely ignore the house edge and play based on the payouts only. This is generally a mistake and ends up costing the player.
For example, games like Bonus Six Blackjack has a house edge between 10% and 23%. Keno games have a house edge upward of 25%. Then there are games where certain bets have a crazy house edge. If you play the Pair Plus bet on Three Card Poker, you’re giving up 7% to the casino. The tie bet on Baccarat has a 14.36% house edge. Ignoring video poker pay tables can also cost you as some pay tables give the house an edge of around 8%.
They Play Without Using an Optimal Strategy
One way to lower the house edge on some games is by using an optimal strategy. For blackjack, a basic optimal strategy drops the house edge all the way down to 0.5%. Other times, playing an optimal strategy drops the house edge down as much as 3% depending on the game.
While that doesn’t sound like much, consider that 3% is equal to $3 out of every $100. If you can reduce the house edge by 3%, that’s $3 out of every $100 you save in losses. That adds up over time and can make a big difference in your bankroll.
They Play a Bad Strategy
The opposite of playing without using an optimal strategy is using a bad strategy. Everyone thinks they have a system for beating certain games. Many of these systems do not have any scientific support to back them but are based on someone else’s experience or claims.
Other times, a player will try and play the game exactly as the dealer might, thinking that since the dealer wins frequently, they will too. They are forgetting that most games give special edges to the dealer, such as where a Dealer always wins on a tie in Pai Gow Poker.
If strategies you find for a game are not backed up by any hard data or scientific analysis, then you should just stick with a standard strategy. They may not be as exciting, but they will lose you less money over time.
They Play When They Are Upset or Drunk
How many times have you heard someone tell you that they got drunk and blew a bunch of money gambling? The same can happen if someone is upset over a job loss, a break-up, or any other life problem.
When you gamble while drunk or upset, you cannot play your best game. You’re not only giving up a decent chunk of the house edge, but you may not even play the games correctly. You might misclick buttons, make improper bets, or bet more than you normally might because you can’t think or see straight. Only gamble when you’re in the proper state of mind to play your best game.