5+ Practical Tips for Responsible Gambling ► How to Enjoy the Thrill Without Losing Control ◄
Have you ever got so lucky on gambling that you feel you can go further or it doesn’t matter if you lose because you’re using what you earned? If you’ve been in this situation (or want to be in this situation), in this article we will keep it simple and straight forward for you! Gambling can be many things to you, a hobbie, a sport, an earning opportunity, a game, but never let it slip over yourself and stay focused. To help you briefly on this, here are 5+ practical tips for responsible gambling, and we will explain how to enjoy the thrill without losing control.
According to casino.org, from 2011 to 2017, we can see a growth in the amount of money that is being gambled online. It is also stated that 26% of the population in the world gamble, which means that at least 4 billion people gamble once in a year.
What Is Responsible Gambling?
Responsible gambling refers to the practice of gambling in a way that minimizes the risks and negative consequences of gambling. The goal of responsible gambling is to enjoy the entertainment value of gambling while minimizing the potential harm to oneself and others. This term applies for either sport gambling, casinos, bingo, lotteries.
Being responsible doesn’t mean you will always win, but it’s a way that you can prevent yourself from getting into trouble in any aspect. For that reason, we will list below 5+ practical tips for responsible gambling.
1. Set A Reasonable Budget
The first step to responsible gambling is to set a budget that you can afford to lose.
For example, you can allocate a small percentage of your salary for gambling every month.
It’s important that you never ask for a loan, play with money that is compromised for bills. You should not get in debt. You rather want to have extra cash if you’re lucky than getting behind your bills for losing money you could’ve used to pay them.
2. Don't Chase Losses
One of the biggest mistakes that gamblers make is trying to win back their losses. When you’re lucky, you can double or even triple your initial balance. This will trigger greed on you and you might want to grow your earnings even further, but on gamblings the odds of losing become higher as you start betting greater amounts.
If you happen to lose your earnings that took you days, weeks or even months to earn, do not chase those losses!
3. Use Responsible Gambling Tools
Many casinos offer self-exclusion tools that allow you to block yourself from gambling for a period of time. You can activate these and be respectful to your initial proposal so you don’t change or tweak the settings.
This is great also in terms of how much time you’d like to spend playing but also you can set it for a certain amount of bets you’ve done! You can stop everytime you win/lose 10% of your balance and the you’d continue the next time allowed.
4. Take Breaks
It’s important to take breaks from gambling to avoid getting too caught up in the excitement. You can set times as if this is a job or course where you’re only allowed to play for certain period of time.
For example, you can set an initial amount of 1-2 hours per day/week to play casino games. And you can even leave “milestones” to give you some time off of playing! Let’s say that you win 35% and have wagered enough within the first 20 minutes, then you can call it a day and keep those results.
4. Know The Risks And House Edge Of Each Game
Gambling can be addictive, and it’s important to understand the risks before you start. But also you should research about the games you’re playing and how the work instead of just throwing some money in expecting for big returns.
Remember that casinos have an established house edge. It is the mathematical advantage that the casino has over the player in a particular game, expressed as a percentage of the player’s original bet.
For example, in the game of roulette, the house edge is typically around 5.26% for American roulette and 2.7% for European roulette. This means that for every $100 bet, the casino expects to make a profit of $5.26 or $2.70, respectively, on average.
5. Don't Go In Debt For Gambling!
We already mentioned this previously, but we just want it to make it very clear that you should NEVER go in debt for gambling. No loans to family, friends, banks. Don’t use your credit cards to boost your balances, nothing. You have to play with a cash budget you DO have available for casino games.
6. Find The Right Casino For You
Last but not least, make sure that the online casino where you play is a reliable website. Don’t fall for sites that offer unreal returns. Remember there’s no get-rich scheme available anywhere.
You may get lucky by winning a jackpot but you should always do your own research and check that the casino you’re using meets all the security requirements for you to have an enjoyable experience.
That’s it! Apply these 5+ practical tips for responsible gambing and enjoy the thrill without losing control!