People gamble for various reasons. Some like the fact there’s a financial reward after winning, some gamble for profits, some because it gets their adrenaline going. Regardless of the reason, one has to be very careful not to go over the edge with gambling. That’s why worldbookies.com suggests you get familiar with a term called responsible betting.
On the other hand, not being lured to gamble today is difficult. You have all the reasons to try it, since you can gamble on your mobile devices regardless of the place you are at.
If you are one of those people who experience gambling as fun and only a game, you should study this article well, because responsible betting is also the basis of successful betting.
This topic is very important for every gambler, and we have decided to make a list of all the rules and tips to help you gamble responsibly online.
First, let’s explain a bit more about what we mean under “responsible gambling”
The definition of this term could be: the skill of managing money and emotions during gambling, i.e. successfully avoiding risky gambling when you enter a winning or losing streak.
Both options are equally bad. In the first one, you can believe that you are infallible and the goal of getting rich quick and easy is to increase the number of stakes over and over again – it is a sure path to ruin, because you will make mistakes, and it depends on the size of your greed whether you go bankrupt or not.
On the other hand, it is equally disastrous to chase the losing streak, expecting that it will be stopped once and the lost money is returned – most often you experience a financial collapse without waiting for the victory.
Here are some tips and rules to apply
As we already said, to minimize the possibility of risky gambling, you need to learn how to manage your gambling budget. Here are the rules you should apply:
- Determine the total amount of the budget for a certain period (for example, a month) – set aside the amount of money that you can afford to lose, and gamble with it
- Clearly define the rules on the number of bets, generally, it should not be more than 5% per bet – the number of bets will depend on the risk assessment of the bet.
- Always have a gambling strategy – the type depends on what you want to achieve: to secure a stake or reduce potential losses.
These are the primary rules, which will not protect you from losing but will help you to stay disciplined, not go bankrupt, control your risk exposure, track your gambling progress.
Always keep in mind that throughout history there have been countless gamblers who have been able to predict the exact outcome, but have not achieved lasting success due to indiscipline. The principle is simple: determine how much money you can set aside just for betting and do not exceed it if you “start” or if you lose. Although it is simple, some people find it difficult to apply it in practice, because they are overwhelmed by emotions.
It is especially difficult to bear a losing streak. So, remember the following:
- Gamble for having fun, not making money.
- Limit gambling time.
- Do not gamble on money intended for other purposes (living expenses, gifts for children ().
- Don’t borrow money to gamble.
- Don’t chase losses.
- Don’t gamble when you are bored or stressed or sad
- Do not gamble when you are under the influence of alcohol or any other substance (including drugs) that may affect your perception
- Adjust gambling to other activities, not the other way around
- Don’t let gambling control your life or affect your relationships with family and friends.
Online gambling can be both fun and lucrative at the same time, but keep in mind that it also costs money. If you want to get the best possible experience from whatever you like to gamble on, then it is important to follow these three golden rules:
1) Don’t spend more than you can afford
This should also be the golden rule of life. If you do not have enough money to say goodbye to, then do not spend it. Most online gamblers have great fun and win prizes by spending amounts of money they can afford. If you cross that line, you’ll probably regret it.
2) Gamble only in half of the stakes
This rule says that it is worth risking only half the amount of the maximum stake in casino games to guarantee you a safe and secure game. As with other businesses, don’t take too many risks. If you spend within your means, everything will be fine.
3) Never be greedy
Okay, you probably already know what we’re talking about. Joke aside, greed has never brought anyone any good. We’ve all heard those stories about millions and multimillions of jackpots before, and that could happen to you too. But don’t storm the windmills. Be content with what you win, and in the hunt for big jackpots, never spend more than you can afford.
Finally, do keep in mind that responsibility also requires you to know where you are gambling. With so many platforms and websites, it is hard to know which one is the safest. To know this, you need to allocate time and do research online. Check things like various reviews, experiences, and so on. This will keep your gambling money safe, and save you from chasing your already lost money around. And do your best to use all the bonuses available. Every single gambling website has these, and if you learn how to use them smartly, you won’t even have to invest much of your own money.
Sticking to what we wrote in the article will keep your gambling activity responsible and regret-free.