It’s fair to say that plenty of Aussies love gambling as a pastime. As of 2017, there were 6.8 million people who gambled one way or another during that year. But reports suggest that Australians are also some of the biggest losers! When it comes to gambling, Aussies lose A$1,200 per capita every year.
That’s almost half as much as the next country on the list, Singapore.
Source: The Economist
If we don’t look at the per capita numbers and consider the average yearly loss of a regular gambler, the picture turns even more grave. An average Aussie who gambles will lose around A$2,000 each year.
Source: The Conversation
This does sound disastrous for the average Joe, so it prompts alarmists to try and declare a war on gambling. But let’s be realistic for a second. Even if you forget about the fact that as an Australian you should enjoy the right to do something frivolous with your hard earned money, millions of people won’t stop gambling overnight. Despite what the bureaucrats may tell you, this is not how people work.
That’s why a more sound approach is to learn to stay on top of your gambling. If you’re an adult who wants to place a couple of bets on pokies — whether online or in a pub — follow these six tips, and you’ll find yourself losing more and winning less. Hop on and let’s stop being a part of this depressing statistic!
Adopt a “festina lente” mentality
Without getting too philosophical here, this Latin saying means “make haste slowly.” How does this relate to gambling? Too often, we see the gambler types being far too reckless in how they live their lives, and especially in how they tend to bet.
They want to become millionaires overnight. One booze-fueled night of gambling, and they’re going to get that sweet jackpot, rent out their house and go live in the Bahamas. That’s an attitude that will get you nowhere.
Let’s face it, gambling is not a reliable way to make money. And if you go broke before you become a millionaire, it’s going to be a lot harder to go on with your hobby.
What you have to do to enjoy life both inside and outside of a gambling parlor is slow down a bit and ask yourself “am I being a bit irrational here?” when you try to win back the losses.
Once you embrace that mentality and understand that it’s better to quit now and come in the other day, you’ll instantly become a better gambler.
Set your limits
Gambling is fun. Sometimes it’s so fun we forget everything apart from the pokie we’re staring at. Unfortunately, when you get all drawn up in the game and leave the parlor with less bucks in your pocket that you’d love to, it’s not that fun anymore.
This is why the next gambling tip for Aussie players is to always set your limits. A bit of discipline won’t ruin the fun, and you’ll end up with a fatter-looking wallet.
You should come to the casino with a firm understanding of how much money you can spare for the night. No matter how much it’s tempting to extend your visit just for a couple of hours, leave when you’re done.
That’s easier to follow than you think, just bring whatever money you’re willing to spend and not a dime more. In case of online casinos, make a deposit and stop when it’s over.
Also, follow the 1% rule when making bets. Don’t bet more than 1% of your total deposit at a time. Otherwise, you may hit a losing streak and run out of money pretty fast.
Quit with a net positive
In any business venture, it’s a good idea to build upon your achievements. When you earn some money, you need to reinvest it, that’s just a given. In gambling, the opposite is the case.
If you win a good amount of money and bet on it again to double your success, you may find that heap of cash fading fast. It’s a game of chance after all, and you’re not guaranteed a victory if you keep gambling.
That’s why this gambling tip is very simple. When you double your deposit, call it a night and withdraw your winnings. You may not leave a millionaire, but you’ll definitely leave richer than you came in.
Know your casino
Most land-based casinos work the same way. However, if you gamble online, you may find that a lot of conditions are put in the fine print. This could mean that you make a deposit, get a bonus, and only when you win a good sum of money you find out you can’t withdraw it without meeting some requirements.
To avoid this, you should always get to know the casino you’re playing at. Bonuses are one of the most pernicious elements when it comes to judging how good a casino is. For instance, most casinos reviewed by AussieCasinoHEX have a withdrawal requirement of x30. This means you’d have to bet 30 times the bonus amount to become eligible for a withdrawal.
If you spend a bit of time looking, you may find that there are casinos that let you make withdrawals faster. Get to know the casino you’re playing at before you make a deposit, and you’re going to be more confident in your play.
Know your game
Sure, gambling is a hobby that involves a lot of luck. But you don’t have to forget about improving your skills either. How do you improve skills at a game with an outcome that depends on luck and requires little to no input? You have to improve your knowledge of the game instead!
Get knowledgeable about the ins and outs of pokies to win more — that’s our next pro gambler tip. When you learn more about RTP, slot volatility, paylines, and bonuses at a slot you play, you’ll be able to choose the pokie that suits you best.
For example, if you’re a low roller, you need a slot with low volatility, lots of free spin opportunities, and perhaps even a progressive jackpot. Since many pokies are now available both online and in the regular casinos, this knowledge will serve you everywhere.
The same goes for the table games. You may not be good enough to count cards in blackjack, but knowing that you should stop at 16 or place several bets to diversify your chances at the roulette will help you when luck fails.
The biggest gambling tip
If you take only one tip from this list, let it be this. Trying to solve your problems with gambling only creates more problems. If you catch yourself gambling because you’re trying to cope with something, not because it’s fun, you may be contributing to the sad statistic mentioned at the start.
If that’s your case, this is no way to enjoy gambling. Get those problems sorted out and come back when you’re in a happier place. This won’t just make sure you’re not getting yourself broke, but also will make you enjoy your hobby even more!