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And now, let’s continue with the obvious question: How to recover lost money from casino? Is this possible? Can you still take something back for lost money at casino?
The short answer is no. And you already know this: No casino (or online casino) will refund your money just because you lost. Remember that these are called “games of chance” for a reason. The operators do not guarantee any winnings and you cannot take your losses back. Do you go to the betting booth after losing a sports bet and ask for your money back? It is the same principle: Lost money online casino (or land-based casino) won’t be refunded, period.
There is only one scenario in which the answer to how to recover lost money in casino question is yes: Fraud. If your account is hacked and a third party used your balance to play games, then yes, the casino may choose to refund your losses. However:
- This is not mandatory. The casino may not choose to refund your losses even if you can prove that your account is hacked.
- Proving a hack is harder than you think. The majority of players who lost try to use this excuse, and we do not know even a single case where the casino accepted a hack really happened.
So, while possible in theory, it is near impossible to recover your lost money at a casino because of a hack. However, we have a suggestion for you: If you play at online casinos, you can win back a certain percentage of all your losses automatically. This is called a “casino cashback bonus”: By using it, you can save some of your losses at all games. For example, there are online casinos out there that refund 25% of all losses every week. Yes, it is not the solution you want, but it is still an option. More importantly, this is the only legal way of getting a refund, so we advise you to benefit from this promotion.
Not all people lose money in casino games. There are people that actually make a living playing casino games, even in online casinos, not just in brick and mortar live casino games. Why are they successful while the others simply lose money? The main reasons why this is the case will be presented below by highlighting why people lose in the first place.
House Edge
All casino games have a house edge. This is why casino games are making so much money. What house edge means is that there is a percentage of the bets put into a game that will eventually become profit for the casino. The problem with house edge is that some games have a much higher percentage going to the casino than others. This is why it is so important to know exactly what house edge exists. For instance, if you play a game that has a 5% house edge, you play games worth $100 and you use the optimum strategy, you can expect to lose 5$. The only casino game that does not have a house edge is regular poker but even there you will find a rake that has to be considered.
Not Knowing How To Play The Game
Let’s say that you play Blackjack. In theory, you know the rules but when you actually play the game you can end up doing many different things that do not work well since you do not know the optimum strategy to use as you play this casino game.
It is vital that you know everything about the game that you are about to play, including what strategy you should use in order to maximize earnings. Do not think that there is no strategy involved in chance based games. This is completely incorrect. By using probabilities you can always come up with the best possible way to play any chance based game. How much you know is going to drastically impact how much money you are going to lose and how much you are going to win on the long run.
Not Taking Advantage Of Casino Bonuses
There is definitely no shortage of casinos out there, both online and in the real world. Because of the competition between them they do all that they can to get as many gamblers as possible. Loyalty programs and money back programs are going to offer you so much money that you can put in your pockets or that you can simply use to play more. There are also free spins available and cross promotion offers you could take advantage of.
At the very least, in brick and mortar casinos you are offered complementary drinks and food. All this basically translates into money. If you go to a casino and you lose $10 but you are offered a meal and drinks, you are actually winning money.
Losing Money Online Casino No Deposit
Always be sure you keep your cool when you play casino games of any kind. This is vital for potential profits. Also, never bet or gamble more than you can afford to lose.