50 Reasons Why You Lose At Gambling (And How You Can Fix It)

Tuesday, December 16th, 2008

Reasons for Loosing at Gambling Casinos are full of players looking for a big win. Whether it is online or at a brick-and-mortar place, the players are looking to beat the house. Some people play for recreation while others play to try to earn big. No matter why you gamble, sooner or later you are going to lose. That is just the nature of how the games are set up. Even if you approach the games with a determined and prepared mind set, it is no guarantee you are going to win. So why do gamblers lose? What are some of the more common mistakes? Below is a list of the top 50 reasons why you lose at gambling, plus ways to fix it.

Top 50 Reasons

1. The house always wins. It may be on the first hand or spin or it may take time (such as several casino visits) but the house is going to win back everything they pay out and more. There is not really a whole lot you can do about this so just accept it.

2. Making decisions based on emotions. When people are emotional they tend not to think things through. Use you r head, not your heart, to make your gambling decisions.

3. Many gamblers don’t shop around for the best game or casino. Not every casino is going to have the same house rules or the same house edge. Do a little searching and find the games that offer the best odds.

4. Another bad move is betting for entertainment, not because you have an edge. So many gamblers fall into this trap. They don’t have a handicap or a strategy. Depending on the game, try to find an inside track or game plan that gives you an edge.

5. Betting on games where you don’t know the rules is a sure way to lose money. Always, always, know the rules to any game. And not every game is the same wherever you go so be sure to check it out before you lay your bet down.

6. Betting too much, too quickly is another big mistake. Any veteran gambler will tell you to be patient and build your winnings slowly. Don’t go all in after a couple of wins. You’ll only end up back at square one.

7. Focusing only on short term, not long term is a quick way to end up losing. This is related to Reason #7 above. Winning at gambling is all about focusing on the long road.

8. Blowing your budget is one of the more common mistakes gamblers make. They go through all of their money quickly and then hit the ATM machine to withdraw more. Make a budget and stick to it, no matter how quickly you lose.

9. Players that do not have a strategy are going to lose more than players who do have one. A strategy is not a sure way to win every time but it can increase your odds of winning.

10. In games like poker, not knowing your opponent can be a quick way to end up in the poor house. If you have the opportunity, observe the other players before you sit down. See if they ever bluff, how aggressive they are, and other playing styles.

11. Many gamblers play too long and do not know when to quit. They may find themselves up by several hundred or a thousand. Instead of quitting and pocketing a substantial win, they think they can win even more. If you are ahead by a considerable amount, time to quit.

12. Many novice gamblers try playing at tables with too high limits. Simply, the stakes are too high for their budget and they can’t keep up. Stick to tables with limits that fit your bankroll.

13. Another main reason gamblers lose is not enough practice. Just like a sport, a good player practices their craft and learns the ins and outs of the game.

14. Casinos are noisy, flashy places so it is easy for gamblers to get distracted and not pay attention to their game. Try wearing headphones, sunglasses, and don’t look around to see what else is going on.

15. Playing while tired is a common mistake and is easy to do. Casinos keep the adrenaline going. When you are tired, you tend to make mistakes. When you feel your energy beginning to wane, its time to call it quits for the day.

16. Gamblers on a losing streak are commonly known to go tilt. This means they keep playing and keep betting more and more in the hopes of winning back everything that they have lost. There is only one thing to do when you are on a losing streak. Take a break and walk away.

17. Going in debt to play is a BIG mistake. Some gamblers borrow money from friends, family, banks, loan sharks, or anybody with cash to spare. If you don’t have the money in the first place, you don’t need to gamble.

18. Gambling more than you can afford to lose is another mistake. Gamblers do it all the time in hopes of winning big. Don’t forget that you have bills to pay.

19. Many gamblers are guilty of not having discipline when it comes to gambling. They ignore all the rules and strategies, tips, and plain common sense. If you are risking your own money, you need to have discipline if you expect to win.

20. One fo th4e psychological factors in losing is that sometimes you forget that the chips are representing real money. You see pieces of plastic and it doesn’t seem real. Pieces of plastic are easier to risk that actual dollar bills. Always remember how much those chips cost you at the cashier window.

21. Many gamblers are guilty of not keeping track of how much they are spending. Before long, their wallet is empty and they cannot remember where it all went. Set money aside for each day that you gamble and keep it track of it throughout the day.

22. Casinos love to give out free drinks. Why? They lower inhibitions and cause you to spend more. Don’t drink while you gamble.

23. Most novice gamblers don’t separate spending money from gambling money. Hey will go through all of their money on the games and then not have anything left for food, taxi fare, and general spending money. Separate spending money from gambling money.

24. Another big mistake is thinking that if you win you are then playing with the casino’s money, not your own. So it’s okay to recklessly risk it. If you win, that money is yours! So if you take big risks with it, you are risking your own money.

25. So many gamblers lose track of time in a casino which affects how much they gamble. Ever notice how there are no clocks on the game room floor? Casinos want to keep you playing. Always wear a watch and keep track of the time.

26. A mistake that some slots players make is when slot machines convert dollars into credits, those credits seem to lose their real value. Many players will play out the remaining credits on a machine instead of taking the ticket to the cashier window. Those loose credits can add up after awhile so cash them out if you are finished playing.

27. Playing too fast is a very common blunder. The pace of a casino is fast and sometimes they want to rush you. Slow down and take a second to make sure your decision is sound.

28. Greed. Perhaps the number one problem with losing your money at a casino. You start winning and get greedy so you want to win more. Set a goal for a target win and once you reach it, stop playing.

29. Too many gamblers use a faulty system. After all, there are a ton of them out there and nine out of ten don’t work. If you use a system, research it to make sure it actually works.

30. A problem many gamblers have is thinking that the best way to play is ‘high risk, high return’. This is not always the case. Sometimes the risk is too much and you go broke before you see any return or the return does not make up for what was risked. Start small and play smart.

31. Not knowing a casino’s house edge is a great way to empty the wallet. Some casinos and their games have a higher house edge which means you will lose your money twice as fast. Like we mentioned above, do a little research and find out what the house edge is for certain games or casinos because they are not all the same.

32. Playing while stressed can lead to losing. Stress increases tension and frustration which can affect the way you play. Try to relax and never play stressed.

33. Thinking that you should win big every time is very unrealistic. The odds for casino games don’t work that way. Try to realize that you are going to be doing good to win about 45 to 47% of the time over the long run.

34. These days there is a lot of pressure to win because you need the money to pay your debts. This is a terrible mistake to make. There is no guarantee of winning and you are just as likely to lose money that could have gone towards reducing your debt.

35. Becoming a gambling addict is steadily becoming the number one problem among casino players. Like any other addiction, it’s hard to control. If you or your friends feel you are becoming a gambling addict, you can get help to treat it.

36. So many online gamblers fall for the advertising of casino sign-up bonuses and promotions. It is a misconception that you are given free money. But if you take the time to read the fine print, the money it is only good for credits and cannot be withdrawn. Always read the fine print before signing up to any online casino.

37. Too many gamblers doubt themselves or their gambling decisions when in the casino. Don’t second guess. Be confident.

38. Too many players do not play realistically. They get frustrated when they do not win enough. Expect to take a loss when you gamble.

39. Gamblers who are on a winning streak will do themselves in by taking all of their winnings and putting them right back into the games. Guess what? You just gave the casino all of their money back. Pocket your winnings and play on what you originally started with.

40. When playing online, some gamblers only having one account at one casino and won’t play anywhere else. Shop around and open up another account. You may lose at one account and make it up at another.

41. Playing on a hunch or gut instinct is probably the number one way to lose at gambling. A hunch may work once or twice. If you want long term wins, expect to play with a strategy or game plan.

42. Playing as a means of escape fro m everyday life is a way to lose. If you are playing to escape something, then you will be less interested in how much you win or lose and instead only interested to keep playing. Don’t take your problems to the casino.

43. A problem some players have is trying to force a hand in games like poker. They start out with a low hand but stay in because they think they can still win. Play the odds and quit on a low hand.

44. Also in games such as poker, trying to bluff too soon and too often will lead you down the road of ruin. Observant players will quickly catch on and call your bluff. Try not to bluff except occasionally and you may catch everyone sleeping.

45. Far too many novice players make the mistake of thinking they are a better player than they are. Not everyone is good at any game. Be honest with yourself and only play at the games you are best at.

46. Players these days don’t always put in the time to study casino games. They would rather just show up at a casino and put down their money. There are many books out there on every casino game. Get a couple of them and study up.

47. Narcotics and other substances can lead to a gamblers downfall. There are several infamous professionals that won big and lost it all because of the influence of drugs. For every possible reason, don’t use drugs.

48. Gamblers are notoriously superstitious and that has led to many a losses. They either didn’t have their lucky rabbit’s foot or they didn’t walk around the tablet three times. Don’t put too much stock into superstitious beliefs.

49. Another reason for losing is that some players are not trying to win. They just enjoy the experience of playing. If a person doesn’t care how much they lose as long as they have fun, then there is nothing you can really do about it. Just don’t give them any of your money.

50. And one of the biggest reasons gamblers lose is because it’s gambling and casinos are a big business. If they didn’t win more than they lost, then there wouldn’t be so many casinos in the first place.

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50 Reasons Why You Lose At Gambling (And How You Can Fix It)

Top 50 Reasons

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