Gambling is a great pastime for all and can be loads of fun. Thanks to the social distancing guidelines being enforced by most countries, many players have moved online. This means fewer distractions and often playing alone, so it’s even more important to keep yourself in check to avoid losses. These are some tips to gamble responsibly.
- Never gamble with money you can’t afford to lose. To avoid this, always decide on a gambling budget before playing.
- Never borrow money to use for gambling, you may not be able to pay it back.
- Gambling should be a fun activity and any losses should be seen as the cost of your entertainment. If you aren’t enjoying yourself while you’re gambling, it may be time to stop.
- Although you can easily get lucky and make large wins, avoid viewing gambling as a source of income. Never gamble with the goal of paying off debts, putting food on the table or paying rent.
- Use a strategy for managing your bankroll and stick to it strictly.
- Use websites that offer pre-commitment tools which allow you to set a time limit and a limit on how much money you can spend. This will keep you from tempting yourself into spending more than you budgeted for.
- Don’t gamble when you’re stressed or depressed which can cloud your judgement. Using gambling as a distraction from negative emotions creates an unhealthy relationship with an otherwise fun hobby.
- Avoid drinking too much or indulging in substances when you gamble.
- Often there are hidden fees when you use a credit card to play, so be sure to check when you sign up.
- Learn the rules of the game you’re playing and read the terms and conditions before you place any bets.
- Don’t chase your losses. Most of the time, trying to win back lost money only lands you in an even more dire situation.
- Balance your gambling out with other activities, such as sports, exercise, art or socialising.
- Take frequent breaks during sessions to eat, drink, go for a walk or grab some fresh air.
- Don’t let yourself feel pressurised to make a move by your friends or other players. Stick to your strategy and know when you’ve had enough.
- Understand the risks, rewards, and your own reasons for gambling. By understanding the risks, you’re less likely to react badly to unwanted outcomes. It’s your responsibility to balance the negative and positive aspects of gambling
- Know the house edge of your favourite games and the average cost of play they come with. It helps to learn strategies to minimise the effect of house edge on your bankroll.
We hope these tips help you gamble responsibly. While gambling is a great pastime, it can easily snowball out of control when we hit a losing streak. By making rules for yourself, you keep yourself safe from making unwise choices that might land you in trouble. Keep your emotions out of the game and keep in mind that it’s just a game.