How not to lose your winnings
Most players and myself, who have been playing for a year or more, have one problem. After a big win, we cannot stop.
It often happens that we catch a good win in a bonus. For example, a Book of Dead slot. Let's say you got x2000 and continue to play further, we continue to play Book of Dead, but with a higher bet, then frantically change online slots and often raise the bet, because a smaller bet didn't let us win and we want to win back.
As a result, we lose the winnings and sometimes make another deposit and then another one. It seems like two hours ago there was a large amount for withdrawal, but now you can't stop and you are in a very big minus.
Why do most players lose their infrequent winnings?
It's all about gambling addiction and gaming experience.
As for gambling addiction, if you are reading this article, then you have a severe form of gambling addiction, because you cannot stop, because you want to win more and more.
As for the gaming experience, each player had a gaming session when we won in each selected slot, or caught not one big win, but 3-4 wins over x1000 per gaming session. Sometimes everyone is lucky, even the most unlucky person.
So, after a big win, our brain remembers this game session and we think that we can win more and we had a positive gaming experience before, we know that this is possible, we just forget that it is very rarely possible.
Therefore, novice players withdraw money from the casino more often, they control themselves better and have less positive gaming experience. If the players did not win, they would not suffer from gambling addiction, the more we win, the more our mind sucks into online casino.
Until you withdraw money, you have not won
Remember the rule - until you have withdrawn money, you have not won.
Suppose you stop after a big win, but as a rule, withdrawing money from an online casino does not happen instantly, but takes time. If the account is verified, then the withdrawal of money in a good casino can take up to a day. What if the account is not verified? Even in client-oriented casinos, the process of withdrawing money and verifying can take 2-3 days.
Most of the players break down and lose their winnings. For example, you have finished the gaming session and after a couple of hours you are visited by thoughts: "I will play just a little bit, only 20 spins in Reactoonz, if it does not give a bonus, then I will not play further, if it gives a bonus, then the winnings will be larger". After 20 spins, there will usually be another 20 spins, then 50 spins at a higher bet, then we decide to change the slot… And then we lose everything.
I have compiled a list of tips on how not to lose winnings, with various situations, they will help you save money. All advice is based on my real experience as a player.
How not to lose your winnings in an online casino - Tips for players.
1. Put a limit on the loss.
Let's start with the simplest, if an online casino has the opportunity to put "Loss Limit" in a responsible game. This feature will allow you to set a limit per day or per week how much you can lose in the casino, bet $ 1 per week and safely withdraw your winnings.
After a big win, immediately put a limit on the loss.
In Casumo, this function is located in "Play Okey Setting".
If the casino has a Maltese license (MGA), you can cancel this limit only after 7 days, which means that you can safely withdraw your winnings, even if you want to play, you can do it only after 7 days.
The problem is that fewer and fewer casinos give you the opportunity to set such a limit, since the casino is profitable for you to lose your winnings and if we consider a casino with a Curaçao licence, then even if it is possible to set a limit on losses, they can cancel it.
My advice to you is to play only in a casino where it is possible to put a "Loss Limit" and there is no way to immediately cancel it, and after a big win, immediately put a limit.
2. Verify your casino account in advance
To reduce the waiting time for a payout at an online casino, verify your account in advance, before the game, and not after the game, when a withdrawal may be required. If the casino account is verified, then it will take less time to withdraw money.
The less time it takes to withdraw money, the less likely you are to lose money.
And another important point, the larger your winnings, the longer the account verification process will take and the more documents they may require.
3. Choose a casino with normal withdrawal limits
Regardless of what bets you play, be sure to always check the limits for withdrawing winnings before registering at the casino, if the limit is less than 50,000 thousand dollars a week, I would not recommend playing there. Why?
Let's look at an example, your bet is $1 and you catch X50000 in the Razor Shark slot from Push Gaming. I personally have never caught such a multiplication, but I believe that everyone is sometimes lucky once in a lifetime.
Your winnings are $50,000, let's say the withdrawal limit at the casino is $5,000 per week. Your winnings will be withdrawn during 10 weeks, which is almost three months. What is the probability that you lose the winnings, which falls to a person on average once in a lifetime, if they withdraw money for three months? Chances are you won't get all the winnings.
And if the maximum withdrawal limit is $5,000 per week, but not more than $10,000 per month, then you will be withdrawing money for almost half a year. Do you need it? Even if you don't lose that money, it's half a year of stress.
4. Do not gamble before withdrawing your winnings.
Until the withdrawal of money, do not gamble at all, do not play in other online casinos, otherwise there is a big risk of losing control and losing your winnings. Before the money is credited to the account, protect yourself from any games for money at all.
5. Start celebrating the victory after the money is credited to your account.
I had a chance, I won a lot, three slots gave a multiplication of more than X1000 at good stakes for me and I opened a bottle of whiskey to celebrate the victory. As a result, after I got drunk, I lost self-control and lost all the winnings.
Combining alcohol and gambling will not bring you a good result.
6. Tell a loved one about your victory.
My wife knows about my gambling addiction and when I win, not only do I tell my wife about the win and promise some gift, but also I give the casino passwords. She changes the passwords so that I don't lose money.
The only point is that your loved one should not gamble and suffer from gambling addiction, otherwise he may lose money for you.
This method has always worked for me.
How not to lose money in another casino after withdrawing money
Many players, after winning in one online casino, lose money in another casino and a vicious circle is completed. The player seems to be winning, but we put the money back into the game and does not get any result from the win. This is a very common problem that I have encountered too.
But I found a way out of the situation, after winning, I already know what I will spend money on.
It can be anything, such as a phone, a computer, or pay for a vacation.
I remember after a big win, I closed the car loan.
Our goal as players is not just to win, but to win and acquire something for ourselves, and in this case, all the money will not go to the casino owners.
Conclusion
I am sure that I have written one of the most useful guides for players and I want it to help you save some of your money. Ask questions in the comments, you can also write your own ways not to lose the winnings, if there is something interesting, I will add your life hacks to the article.
Amanda Shimmer is the Chief Editor at CasinosInCanada and an experienced casino expert who ensures all guides, reviews, and industry investigations remain accurate, transparent, and helpful for players.
Hey guys! I read the article a long time ago but decided to return to leave a review. I also recently won big on the Gonzo's Quest slot. At first, everyone wanted to continue playing, but then I remembered your advice - do not touch the money until the withdrawal. And did not regret! Thanks for the advice!
Good article, but it's clear as it is. Another thing is that you still can't stop. And even if you withdraw money, then the desire to throw them again. As a result, either immediately or within a couple of weeks, everything returns to the casino and is lost.
Thank you for reminding me how important it is to be able to stop! I often forget about it when luck smiles. Your advice will help me keep my winnings and make the game even more enjoyable!
I want to tell you about a terrible mistake I made after winning big. Last month I was lucky to win a large amount of money at an online casino playing Big Bamboo. I could not believe my luck and happily remembered my winnings every day. But ... I admired my balance and scrolled through the pictures in my head how I would multiply it. Even if I do x10, it will be a lot of money. And then I thought x20… x100. I decided that if I won this much, then I can win even more! I increased the stakes and began to play with even more excitement, sincerely believing that luck was on my side. But, alas, luck turned out to be insidious and unreliable. I started losing my winnings and couldn't stop. It seemed to me that the next spin would bring me a huge win, and I continued to spin the reels, ignoring my growing minus on my account. When I finally realized that I was losing all my winnings and was left completely without money, I felt angry and disappointed in myself. My greed played a trick on me, and I realized that I had to stop and withdraw money immediately after winning. In the end, I withdrew only $200. When the deposit was 500...
Vital. In the same way, I lost the $3000 I won and withdrew 100….
I understand what you are talking about. Playing in a casino is a real romance! I try not to let passion take over my mind, but I still give up sometimes. Thanks for support!