One of the dangers of gambling online is the fact that there is no time pressure. If you go to Vegas you typically spend a few days there so you try to cram it all in in a short space of time. When it comes time to leave, you’re either ahead or you’ve lost, and I don’t think too many people cut a vacation short because they won a sum of money! Many, many more extend their stay in the hope of recovering some of their losses, however.
When you’re playing at an online casino, it’s always there 24/7/365 – you don’t have to worry about catching your flight the next morning. The temptation is great to just leave any winnings in the casino so that you can play later, because when you cash out it usually takes a week or three to receive the funds, and in doing so many people lose their winnings right back. RESIST THAT TEMPTATION!
Any time you have set a goal and achieved it, you should cash out at the end of the session. Some casinos have what they call a “reverse cash-in” option, which at first glance is a neat way to change your mind, but in reality it’s the Devil waiting for you to open the door. I’ve had people ask me how in the world they can disable the option to do a reverse cash-in, and guess what? No can do, short of deleting the casino from your computer. It is important that you have discipline if you want to make money gambling.
If you are playing at a casino where you have to wait a week or two for a PIN number to cash out (Boss Media casinos come to mind), just STOP playing until your PIN arrives. I do …