How to Gamble Responsibly
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We are also committed to helping and encouraging our readers to gamble responsibly. This is very important to us. We believe that gambling is a pastime that offers a great deal of fun and enjoyment, but we are very much aware that it can become a problem for some people.
If we could offer just one single piece of gambling related advice, it would be to always make sure that you are in complete control of your gambling. Furthermore, we would suggest that anyone who isn't confident that they can stay in control of their actions probably should avoid gambling altogether. It's always better to be safe than sorry because gambling simply isn't the right pastime for everyone.
The majority of people are able to stay in control though, and there are millions of people all over the world who enjoy healthy gambling. There's no reason why you can't enjoy gambling too, but please do it responsibly. We offer our top tips for responsible gambling below, and we strongly advise that you read and follow them.
Treat Gambling as a Form of Entertainment
Only a small percentage of gamblers are consistently profitable. Although it's technically possible for anyone to make money from certain forms of gambling, it requires a lot of time and effort to learn the necessary skills. We would never discourage anyone from trying to do this if they were serious about achieving their goals, but the reality is that most gamblers are simply not committed or determined enough to be consistent winners.
This doesn't have to be an issue for you though. The fact of the matter is that most people treat gambling purely as a form of entertainment. They expect to lose money and they view their losses simply as a cost of that entertainment. This is absolutely the right way to approach gambling in our view, for most people at least.
Gambling problems often stem from people expecting, or needing, to win. This can result in frustration or anxiety when they lose and it can cause them to wager even more money in order to win their losses back. This can start a horrible cycle which quickly gets out of control.
If you expect to lose, then you are far less likely to fall into the same trap. Gambling can still be fun even when you're losing, as long as you are fully prepared for your losses and don't mind spending the money to enjoy yourself. Winning is much more satisfying when you are expecting to lose.
If you're not enjoying gambling, then there isn't much point spending your money on it. When it stops being fun, it could be time to stop altogether.
Have a Fixed Budget to Gamble With
Perhaps the best way to avoid problems with gambling is to allocate a fixed amount of money that you are prepared to lose in any given period of time. If you set yourself limits and you stick to those limits, then you should be able to enjoy your gambling without ever getting into trouble. It doesn't matter whether you choose to set yourself daily limits, weekly limits, or monthly limits. The important thing is that you do set limits and actually follow through with them.
It's also important that you gamble with money that you can afford to lose. There's absolutely nothing wrong with spending your spare money on gambling if that's what you want to do, but it's a different story if you start risking money that you need for other things. This will often cause you to start chasing your losses, which rarely ends well.
When you've spent the money you've allocated for gambling, it's time to stop. You should never gamble outside your budget, or with money you can't afford to lose.
Set Time Limits &Take Regular Breaks
Spending too much time on gambling can be almost as damaging as spending too much money on it. It's very easy for gambling to become a habit rather than a hobby, and that can lead to further problems in the future. Even if you're not getting in financial difficulty, some parts of your life will almost certainly suffer if you choose to gamble at every possible opportunity.
Therefore, it's important to control how much time you spend gambling in the same way you control how much money you spend. Gambling in your spare time is completely fine, providing you can afford the cost, but you don't want to let it take over your life. It's a good idea to put some limits in place for the amount of time you spend on it and taking regular breaks is a sensible option too.
If you feel like you're spending too much time gambling, or that other parts of your life are being neglected, it's time to take a break. Gambling should never control your life.
Additional Tips for Responsible Gambling
For the most part, responsible gambling is all about being rational and disciplined. There really is no reason why it can't be a healthy and enjoyable pastime. If you're lucky, you may even win some money. You have to be aware of the risks involved though, as gambling most certainly can become a problem if you can't stay in control.
This is why it's very important that you follow the above advice and make sure that you control your gambling rather than it being the other way around. The following tips should help too.
- Don't gamble when drunk.
- Avoid gambling when stressed, depressed, or upset.
- Try to quit when you're ahead sometimes.
- Never borrow money to gamble with.
- Balance your gambling with other activities.
Our final piece of advice is that you shouldn't be afraid to tell someone if you know, or even suspect, that gambling is becoming a problem for you. There's nothing to be ashamed of and there's no point in trying to deal with the problem on your own. If you aren't comfortable speaking to friends or family about your issues then there are organizations that can help you instead.
You should stop gambling immediately if you ever feel like you are struggling to stay in control and/or unable to gamble responsibly. If you find it difficult to stop, or think you may be addicted, it's time to seek help. The following article offers information and advice on dealing with a gambling addiction.