Common Online Gambling Mistakes

Everyone makes mistake but making them during an online gambling session can be costly. There are a few mistakes that are commonly made by players who may or may not be experienced.

One of the biggest and most common mistakes gamblers make is joining an online casino because it promises a higher bonus than any of its competitors. Players join these casinos under the mistaken impression that they will have an increased amount of money to gamble with. However, the terms and conditions of casino bonuses for new players are often something gamblers fail to read. The higher a casino bonus is the more rules there are surrounding the use of it. Inexperienced players fail to realize that they have to wager any bonus they are given a certain amount of times before they can withdraw anything they won from it. The best online casinos will make this information readily available to players but many other casinos bury this information to the point where gamblers don’t think to look for it.

Many inexperienced players make a deposit into their online casino account and then withdraw the deposit a short time later. What they fail to realize is that any winnings they accumulated are automatically forfeited if they cancel the deposit that they used. As is the case with most online casinos, players have 24 hours to cancel a requested withdrawal of their winnings. This is so that the casinos can ensure that a withdrawal request is legitimate and the player has the amount in their casino account that they wish to withdraw.

Another common mistake made during online gambling is to plunge right into a game without first fully understanding all of its rules. Even slot machine games require players to be familiar with the specifics of it. No matter what game one is playing they will have a better chance of playing it successfully if they read the rules first. Many online casinos will even list strategies for their table games on their website. Players should read through the strategies and understand them before trying the game, especially when real money is being wagered.

Every gambler experiences a losing streak eventually. Yet a very common mistake many make is choosing to continue playing after they have already lost a significant amount of money. Chasing a win often ensures that players walk away as losers. It also turns gambling from a fun activity into one that can breed resentment, defeating the whole purpose of engaging in it.

Lastly, since online gambling can be done in the privacy of one’s home at any hour of the day or night, a common mistake is to start gambling after having had one too many alcoholic drinks. More often than not this leads to gamblers spending more money than they can comfortably afford to. The chances one takes when under the influence of alcohol can have disastrous consequences even in the case of online gambling as it is likely no one will stop them.

An Overview of Social Media Gambling

Social media gambling has soared in popularity thanks to sites such as Facebook, which offers many games to its users in which they can pay money for in game purchases and extra features. The first gambling app was released on Facebook in 2014 and was meant for players in the U.K.

Zynga is among the largest game companies to turn to social media to reach its audience. With the release of Zynga’s real money poker game, Facebook users were able to enjoy an interactive online gambling experience. This led to a significant rise in the number of social media gamblers active on the site.

Social media gambling is also possible through Bebo and Google Plus, though the majority of those who participate in this type of gambling do so, on Facebook. The reason that this type of gambling has only been available to Facebook’s U.K. based members is because of the online gambling laws throughout the rest of the world.

As a result of U.K. residents having access to social gambling the country’s gambling commission has been concerned about the line between commercial gambling and social gaming. They feel that the line between the two has become blurry because social media has become such a popular way for people to gamble. The commission has kept a particularly close eye on social games that involve aspects of gambling games like dice and playing cards.

Of all the players who engage in social media gambling, 54% of them are men and 46% of them are women. Social media gamblers are generally 39 years of age and a small percentage of them participate in this activity during the day while at work.

Even some social media users who play non gambling games have been found to be more likely to transition into gambling as a result. The concern has been that this has the potential to lead to social media casino gamers developing a gambling problem. One reason for this is because social gaming and gambling are merging more and more every day.

Studies have been conducted to further explore the relationship gambling and social casino gaming share. The study was conducted online and involved 521 adults who had played social media casino games over the course of the past year. Of the 521 adults surveyed, 71% of them said that social media casino games did not change the amount of time and money they spent gambling. Only 19% of those surveyed said they were gambling more as a result of playing the social media casino games. It was found that men are more likely to make the transition from playing social media casino games to gambling than women are. It was also found that younger players were more likely to make the transition than older players. Those that did make the transition most often did so to give themselves a chance of winning real money.

Facebook and other social media sites will likely continue to offer gaming/gambling opportunities.

When Student Athletes Gamble

Though many college students are not old enough to gamble legally, this often does not stop student athletes from doing so. The majority of them that gamble do so, on sporting events as opposed to playing table and slot machine games.

It is not unusual for student athletes who gamble to become anti-social, let their grades slip and experience legal troubles. They also often see a drop in the quality of their performance on the playing field of whatever sport they participate in.

In 2012 the NCAA commissioned a study in which 39% of female athletes and 57% of male athletes admitted that within the last year they had participated in some form of gambling. Division 1 students were found to gamble less than others.

While few student athletes actually practice pathological gambling, .2% of females and 1.9% of males were found to be exhibiting clinical signs seen in those who have a problem with gambling. Those male and female athletes are said to be at a higher risk for becoming pathological gamblers than others.

Studies have shown that student athletes are more likely to participate in high stakes sports betting than non-athlete students who are more likely to engage in other types of gambling.

To protect student athletes the NCAA has ruled that they are not allowed to place real money bets on any professional, amateur or college sports event if the NCAA conducts it. Any athlete found to be in violation of this rule is no longer allowed to participate in any of their school’s sports teams. When one athlete loses the right to participate the entire team is often negatively affected.

However, 26% of student athletes who are male continue to engage in sports betting anyway. Of those 26%, 8% or more of them admit to participating in sports betting once a month or more.

In most cases when student athletes make bets on sports games the bets are made between teammates. However, others are getting around the NCAA rules by participating in online sports betting as opposed to offline sports betting.

Of Division 1 athletes, a study conducted in 2012 determined that for every 20 male student basketball players, one of them was approached in order to gain insider information on an upcoming game.

Surveys conducted on student athletes have determined that 2/3 of them operate on the belief that their teammates or aware of when they are participating in gambling. Most college sports team coaches encourage their players to let them know if they know of a teammate who is engaged in gambling. They will often refer any of their players that are gambling, to a resource where they can seek help for it. Coaches are trained to detect when one of their players may be gambling, just by listening to the conversations they have with their teammates at any given time. Team members and coaches both play an important role in ensuring that no student athlete is gambling at all.

The Benefits Of Legalized Gambling

The legalization of gambling has created many benefits for people all over the world. Virtually every state and country where gambling is legal has seen at least somewhat of an improvement in their economy.

One benefit of legalized gambling is that the tourist industry is growing and thriving as a result. Large cities where gambling is legal have seen rises in the number of tourists that visit them every year. Those who support gambling in big cities do so because it brings more revenue to the state, not only in the form of casino revenue, but also revenue for nearby businesses such as hotels and restaurants.

Another benefit that legalizing gambling led to was the creation of more jobs. It takes hundreds if not thousands of employees to run a large casino. With so many positions available in casinos it has proven helpful to those struggling to find gainful employment. In turn, those who work in a casino have more money to help support other local businesses with.

Many U.S. Government activities have been funded through gambling. These activities often serve to strengthen communities and allow them to take care of their citizens in a way they would not be able to otherwise. One of the best examples of this is state lotteries. Residents often can’t resist purchasing their lottery tickets and increases each state’s revenue. The most common way that gambling revenue was spent in the past was on educational purposes.

One benefit that gambling has brought to the modern world is that casinos have tight enough security to ensure that everyone can safely and responsibly enjoy their favorite game or games. This is an improvement over the days when gambling was illegal and, therefore, took place in backroom gambling parlors which were not always safe to play in.

Along the lines of this benefit is another one in the fact that gambling is essentially playing a game, which can be an important aspect of an individual’s life. It brings people together in ways they may not otherwise interact. This often leads to communities where everyone is open and supportive of each other. Since playing games is said to enhance one’s life the argument could be made that legalized gambling is making life better for everyone who participates in it in a healthy manner.

Legalized gambling has also helped the Internet become a place where people can safely play their favorite casino games in comfort and privacy. States in which gambling is legal, such as New Jersey, now boast several online versions of their offline casinos, increasing the revenue of those casinos. Those who are particularly passionate about a specific online casino often become affiliates and earn money each time they get someone to visit the casino’s website.
These are just a few of the benefits of legalized gambling. It is likely that these benefits will continue to change the world and provide opportunities for gaming that did not always exist in the past.