Tag Archives: gamble
How to Indulge in Responsible Gambling
The biggest drawback of gambling is the tendency to become addicted to it. Once you are addicted, you will not realize its potential threat. Since there is no guarantee of winning every time, you will definitely incur some losses if you continue to gamble for a long period of time. In order to deal with negative consequences of gambling, it is advisable to gamble responsibly.
Gambling can be a potentially profitable and enjoyable activity if carried out carefully, properly, and most importantly, responsibly. You can adopt a few steps to restrict yourself from irresponsible gambling. For instance, you can set some specific limits in terms of time and money. You should avoid gambling with money that is kept for daily household expenditure. Try to prepare a separate budget for your entertainment and amusement. Include money for gambling in this budget.
Responsible gambling further entails not running after current losses. If you try to recover them by more gambling then you might end up losing more. It is recommended that you gamble with the money that you can surely afford to lose. In other words you should indulge in it only with disposable income. It is not too difficult to stick to your set limits. They will give you considerable scope to enjoy yourself at the casino and even online.
You can also follow the following steps that will enable you to gamble responsibly:
Keep your moneybag or wallet at your home: While visiting a casino, it is always sensible not to carry too much money. In this way, you will be able to check the amount of money that you can put at stake.
Quit gambling at the correct time: If you are on a winning streak and it seems to you that you will definitely win more, you should discontinue at that point. There is no assurance that you will go on winning. Once you suffer a defeat, it will be too late to backtrack.
Set a specific and strict budget: It is safer to prepare a budget for gambling well in advance. If you do not do so, you will face a lot of difficulty at the casino on deciding how much to put at stake. You might even gamble more than you can afford to and it will lead to a severe crisis.
Be accompanied with a sensible friend or relative: This will enable you to keep your gambling in check. He/she will also be able to prevent and dissuade you from betting when you are under pressure.
Thus, gambling can be controlled and utilized if carried out sensibly and responsibly.
101 Gambling Tips for the Avid Gambler (Page 1 of 6)
While many of the gambling facts you may have picked up in Las Vegas can be useful in online gambling its important that you realize there are some critical differences. But with a knowledge of the facts surrounding your chosen game, and armed with some gambling tips from experienced online players, you will find online gambling not only a fascinating and exciting adventure bit also an opportunity to turn your gambling hobby into a profitable venture.
Critical Rules for Every Game
1. Never chase after your losses. Dont increase your bets because youre losing and want to get even; only increase your bets as part of a pre-determined strategy.
2. Dont gamble at any game that you dont understand. Learn it first.
3. Dont gamble and drink at the same. Its hard enough to win at gambling even without dulled senses.
Money Management General Guidelines
4. You will lose more often than you win and the longer you play the more likely that fact is. And its true whether youre talking about hands of blackjack, rolls of the roulette wheel or throws of the dice
5. The key to winning is to maximize your wins and to minimize you losses.
6. Learn and memorize the odds at the particular game you have chosen to play as well as the best strategies to use in an effort to maximize your winnings at that particular game.
7. Never gamble with “dear” money; only gamble with “excess” money. In other words, never gamble with money that you will need, or may need, to pay your everyday living expenses.
8. If youre playing against other players online this is doubly important. The minute you start gambling with “dear” money the other player will sense your heightened stress and play accordingly often bullying you out of a bet because they know you are more tentative with your “dear” money.
9. Set a stop loss amount and stick to it. Divide your total gambling bankroll into four separate amounts. Divide each of those amounts into four smaller amounts. If you lose one of the smaller amounts, change tables or games or just take a break. If you lose your entire first allotment, stop gambling for the day.
10. Be disciplined and avoid the gamblers demise of going into your next allotment because you feel like your luck “just has to turn around.”
11. Plan ahead. When you start a gambling session determine the amount that you want to win (be realistic) and when you reach that point put the money away and walk.
12. When you are winning, draw some money occasionally from your gambling bankroll and put it into a “do not touch” bankroll to protect that portion from further risk.
13. No money management system will ever overcome the house advantage over the long term. You will always lose more often than you win. The key is that you must win more big bets and lose more small bets.
Money Management Positive Progression Systems
14. A Positive Progression System is one in which you increase the amount of your bets when you win and decrease the amounts of your bets when you lose. To use this system properly you must establish a “standard” betting unit.