Posted July 22, 2013 by John Baintree in News

Gambling Responsibly

Gambling is enshrined within British  culture, with many events steeped in gambling tradition. The Grand National is a perfect example of this, where nationwide people who wouldn’t usually gamble have a ‘punt’ on the horses. This is where gambling is fun. It makes sporting spectacles more fun and can add extra excitement to the event. Usually, it is a social activity too, with many offices taking part in sweepstakes and lotteries. However, gambling has a certain allure to it, one that can quickly turn ominous. The prospect of being able to win vast sums of money can become intoxicating and can dramatically alter lives. Irresponsible or poorly managed gambling can soon leave a bitter taste in the mouth, and even worse, can send you on a downward spiral into debt. However, on the whole, gambling is meant to be fun. It is meant to be enjoyed and with the help of these tips you can ensure you have a good time.


Set Limits

Whether going to a casino, playing poker or simply having a bet on the football, you should set yourself limits. Think about your budget and work out how much money you can realistically afford to LOSE. You should always approach gambling in a pessimistic manner – expect to lose. That way you can more realistically assess how much you have to spend, by anticipating you will lose the money. And that’s what gambling should be seen as; you are purchasing the experience. By placing a bet or stake, you are buying into the experience of a casino or a poker tournament and the enjoyment such activities bring – if you win then that is an added bonus. If going to a casino, you should take cash and leave your bank card at home. This means no matter sucked into the table games you become, you will only have the budget you has assigned yourself. This is often overlooked but is a useful tool for making sure you don’t go overboard with your spending.


A ‘Sure Thing’ Does Not Exist

With gambling, nothing is for certain – everything is chance. From blackjack to bingo, the outcomes are random. Even in games such as poker, where there is a greater deal of player interaction, you have ‘to play the cards that are dealt’, so to speak, and those cards are dealt at random. All too often race favourites do not win and ‘sure things’ end up losing. Therefore, if you lose money, then you must accept your fate. Gambling more money in an attempt to break-even is foolish as you have no guarantee you are going to win, and ultimately, you could end up losing a substantial amount more.


Quit While You’re Ahead

If you are lucky enough to be making a profit from gambling, then do not become complacent with your winnings. Within casinos, a lot of people become detached from their winnings, with the mentality that they didn’t actually have the money before they went into the casino, and therefore it is no great loss. While this is true, your winnings are still real money, money that you can use in the real world. If you are profiting from the system, then you need to stop and think: can I put this money to better use? How will I feel if I lose this money? You should then use the answers to these questions to help assess when to call it quits and make off with your loot.


Consider the Effects of Alcohol

It is no secret that people make strange decisions when drunk, so this is problematic when alcohol interacts with gambling. Casinos will want to pump you full of drink in an attempt to impair your decision making, hopefully resulting in them turning a profit. You should refrain from getting too drunk. Drinking is fine, and it is sociable, but you may have more fun if you pace yourself. If you heed the advice of the first tip in this article, then that should remove the threat of overspending when drunk.

Many forms of gambling institutions exist, including betting shops, bingo halls and casinos. Their primary function is entertainment, and this should not be forgotten. Viewing these systems as a possible source of income is a dangerous policy to have due to the risks that are involved. However, on a lighter note, if gambling is treated with respect and responsible measures are adhered to, then it can offer a fun and exciting way to participate in viewing sports and can offer excellent nights out and holidays.

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