How to Practice Safer Gambling

Posted on: July 15, 2016

Gambling is all about risk-it’s what attracts us to games of chance in the first place because the chances of winning the reward seem to outweigh the costs of succumbing to the game.

Unfortunately, the risky nature of gambling ultimately can lead to problems when a player loses perspective on what is appropriate risk-taking gambling behavior and what is not, specifically when a person becomes addicted to gambling and reaches the point where it is seriously impacting their life and well-being and even that of their family as well.

Safer gambling is all about knowing how to manage the risk of the game in a consistent way that will protect your best interests while still allowing you to enjoy the hobby of casino gambling, playing the lottery, or other betting-based games.

There are a number of things you can do proactively to help maintain safer gambling practices so that you can get the most out of your favorite gambling game, let’s take a look at a few of those tips here:

  • There is such a thing as problem gambling–know the signs!
    • Thoughts of gambling pervade your thoughts uncontrollably, even disrupting your sleep -gamble to escape thoughts of worry or boredom
    • Hiding rent or bill money from a spouse or loved one to gamble with
    • Missed work or other responsibilities due to extended gambling bouts.
  • Don’t think of gambling as a way to make money
    • Gambling can be a fun and exciting hobby, even something that a small percentage of the population make a living out of, but the reality is that institutions like casinos exist to make money, so as a general rule, you need to expect to lose much more often than you win.
    • The essence of a gamble is that the odds of winning are small so that those who win will win big, so when you win, enjoy it!
  • Only risk that which you can afford to lose
    • Never gamble money that you need to use for bills, rent, tuition, etc
    • Only use money that you set aside specifically for having fun, so that you treat gambling as the hobby that it is
  • Never chase after a loss in an effort to redeem your money
    • When you lose and you reach your money limit for the day, do not chase that loss by going over your limit because you think a big win will redeem such a loss, once you reach your limit and you continue to gamble, the risk becomes too great.
  • Set realistic and responsible time and money limits for every gambling outing
    • Decide upon an amount you can afford to lose each time and keep yourself within this amount, and once you have reached this amount, practice safer gambling by stopping immediately.
    • Also, set a time limit for each gambling session, as this directly correlates with how much money you spend
  • Don’t gamble when upset, and try to avoid alcohol when gambling
    • Gambling when intoxicated or emotionally distressed can make it much more difficult to practice safe gambling, and that is why its best to avoid gambling under these conditions

By knowing these signs and following the necessary steps to be responsible while having fun, you will have a better, safer gambling experience.