Gambling online has become one of the most common pastimes among youth. It can be fun when played in a controlled manner. Gambling is an interesting and healthy hobby, only when it is done in moderation. The players need to know about when to stop. And for that, they need to be responsible enough; otherwise, the hobby can result in addiction, and resultantly, cause an economic and social burden on their lives. Here in this guide, we will discuss some tips on how you should gamble responsibly, and how to stop in case of developing an addiction.
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Gambling is not a Career but a Paid Entertainment
The first thing to keep in mind is that gambling is a paid form of entertainment. You should not seek a career out of gambling. It can be a career, but not for everyone, only a few (1%) highly skilled as well as lucky gamblers can seek profession out of it. However, for rest 99% of the players, it must remain limited to a form of entertainment. It is okay to play a round of roulette or a hand Blackjack an evening for relaxing the mind, but if you start playing it to earn money, then you need to stop right away.
Set A Limit and Wager Only What You Can Afford to Lose
It is usually hard to keep your wagering amount in check when you are already indulged in the game. Therefore, you must prepare for it beforehand. You should set a budget to spend on gambling, separate from the daily expenses, and stick to it. If you have run out all the money kept separate for gambling, it’s time to stop.
Any gambler wagering big amount frequently should always have enough amount left to survive the loss. Any gambler placing bigger bets that he/she can’t afford to lose is a warning sign indicating to a gambling problem.
Don’t Try to Chase/Recoup Your Losses
Not every day can be your lucky day, so do not try to recoup your losses with the bigger bets. However, it is fine if you are placing bigger bets from your set gambling budget. But remember, placing bigger bets and extending gameplay to recoup your lost money, must be avoided. Since casino games involve house edge, the game mechanics are arranged in a way to provide short-term profits, while in the long run, the players are guaranteed to lose. Chasing the losses by extended play or placing bigger bets is the most common mistake the gamblers make since the more extended play only worsens the situation.
Set a Time Limit
Besides setting a limit on your budget, you need to set a time limit as well. When you are gambling, the time seems to acquire the wings, and it starts flying. You are always tempted to play more, but it is essential to set a time limit when you are gambling and leave the game according to it, irrespective of whether you are winning or losing.
Setting a limit on time also helps to control the gambling losses.
Learn The Rules and Odds of the Games
For some gamblers, some games are more entertaining than others, irrespective of the odds. Blackjack and Poker comparatively have the best odds, but specific bets can bring the worst odds. Whereas Keno or Slot machines do not always have the best odds, but people enjoy playing them and win big. Hence, it is essential to understand the rules and odds of the games you enjoy playing.
Avoid Gambling When You are Drunk and Upset
Gambling addiction is as worst as other addictions. Just like an alcohol addict keeps drinking to escape the world’s realities, a gambler keeps on gambling for the same reasons, which leads to mental and emotional conditions such as depression or sometimes more complex situations. And you should especially avoid gambling when you are under the influence of alcohol or emotionally devastated. That is because you don’t have control over your thoughts in such conditions, and you may end up making bad decisions.
Don’t Borrow Money for The Gambling
When you start borrowing money for betting, consider it as the worst sign. Whether you are thinking to use a credit card or borrowing money from your family or friends, stop right away. Never play with the money you don’t own. Gambling must remain as a fun pastime, if you can’t afford to place bets, then don’t gamble at all.
How to Stop Gambling?
When you realize that you have developed the gambling problem and things are no longer in your hands, you need to take essential steps to stop.
Admit Your Addiction
When you finally realize that you are addicted to gambling, acknowledge it. Admitting your addiction is usually a difficult thing to do, but this is the first step to curb it. You may feel confused as the wise part of your personality will ask you to stop, while the other side may still crave for the gambling.
This is the time when you need to listen to the rational side of your personality, to save yourself from getting destroyed.
Join a Support Group or Organization
Talk to someone whom you are comfortable with and who can be your support and pillar during the tough time. Together you can make a plan of action to combat the addiction. Or if you are not comfortable about confiding your addiction to your close ones, seek professional help or trained specialists who can guide you throughout the treatment.
Restrict Your Access to Gambling
Block your access to gambling by deleting your accounts from the gambling apps or websites. You can use self-exclusion tools that block gambling or betting sites for you.
Keep Yourself Occupied
Distraction helps aid addiction. Keep yourself busy to overcome the gambling problem. You can concentrate on other hobbies or pick a new one like indulging in physical activities. One of the best practices adopted by many sufferers is yoga and meditation that helps to cope up with a feeling of guilt that comes with gambling addiction.
So, mentioned above are some of the best tips and practices you can implement to gamble responsibly.