We all love a good gamble.
Whether it be something complicated like the games you may find in a casino to something more mundane as “betcha can’t eat just one Lay’s potato chip”, challenging others in feats of skill adds a bit of fun to almost everything.
But when it comes to casino gambling, there are those who bet smart and those who don’t.
The smart betters are those who learn the math behind every game they choose to play, who study the odds and the rules. The best strategies for winning.
They’re the ones who, to quote the oft-quoted song – “know when to hold ’em, know when to fold ’em”. It sounds corny, but it’s true.
The secret to being a successful gambler is knowing when to walk away from a specific game, when the odds turn against you. Because after all, when it comes to casino gambling – the odds are almost always going to be in the house’s favor over time. That’s just the way gambling it.
But you can bet intelligently.
You can be a RESPONSIBLE GAMBLER and not just someone who throws good money after bad.
And a responsible gambler is one that doesn’t focus on just one betting game, but rather spends their money on a variety of gambling activities. Spreading your money around minimizes risk that’s exposed when you focus on playing only one game.
According to a recent study of UK gamblers, here are the following BEST PRACTICES to be a responsible gambler:
- Set a spending limit
- Calculate how much you can reasonably lose
- Set a time limit for your gambling session
- Carry just a limited amount of cash
- Leave the ATM card at home
Note the consistency of the term “limit” in the above list. Having a limit is not intended to limit your enjoyment of a particular game. It’s to limit your losses. The less you lose, the more responsible you are as a gambler.
Other items to note: never gamble when upset, depressed, or bored. You should always gamble – to be frank – as entertainment. Entertainment is 100% disposable income. That you choose to “play” by spending money gambling is no different from those who “play” by spending money on their car hobby or cooking classes. The key is again, that you have a limit to how much your “entertainment dollar” is going to go.
So don’t be shy – go out there and bet with the big boys. Once you’re playing with the House’s money, put a little bit aside for yourself as profit, and have some fun with the rest.
Go be responsible.