It is fair to say that there are a number of different ways that I boost my income on the internet. I love to give my opinion to market research companies via surveys, take part in mystery shops, undertake matched betting, sell items on eBay and more. I like to treat myself to nice things with the money that I make. Another one of the things that I like to take part in, from time to time, is a little bit of gambling. I think it is important to know how to gamble safely and it helps keep the fun level high too.
I know the perils of spending beyond your means, as I have witnessed this with a friend. My friend has frequently been in and out of debt over the years all because of an addiction to gambling. I am a big fan of responsible gambling for this reason and often share my tips with others. Today I am going to share my tips on how to gamble safely with you in the hopes of helping one of my readers.
How to gamble safely – set yourself a realistic budget
Setting yourself a budget can feel a little like it takes away some of the fun from gambling. In fact, if anything, it can help you have more fun. It can be nice to know that you have a set amount of money that you can lose, as long as you can afford to do so. Any budget should be based on your personal circumstances. You should never budget to spend more than you can afford. If you are going to implement a budget then you should have determination to stick to that it. By playing lower spins on slots, or buying less bingo tickets per game, you can still play for a nice period of time. You can also avoid the sinking feeling that often comes with experiencing a big loss.
How to gamble safely – never chase your losses
When your budget has been spent it can feel disheartening at times. It can also feel tempting to spend some more money in the hopes of that elusive big win. However, gambling companies make a profit, and this is because the odds are never going to be in your favour. Slot machines, for example, tend to pay out 92-98% of all money put into them. This means for every £100 around £2-8 will usually be profit for the company whose website you are using.
The main thing to remember is that if your budget is gone you set that budget for a reason. Spending more money is just going to leave you with an empty, sinking feeling. You are likely to just sink more money into the website because your losses are larger and you may become more desperate for a win. This is a downward spiral that will almost always end up in you being poorer than you would be if you just cut your losses.
How to gamble safely – gamble when you are happy
If you are depressed or you’ve been under a lot of stress it can be easy to look upon gambling as an escape. While this may be true you will usually exacerbate your depression if you experience a gambling related loss.
Gambling should be seen as buying fun and never as guaranteeing yourself a mood or cash boost. There are no guarantees of making a profit when gambling and you should start your gambling session with this in mind.
I hope that you have found these tips on how to gamble safely helpful. Gambling can be a fun way to spend a little money, with the potential for a win. I have had some nice wins over the year, however I stick to a budget of £20 on the occasions that I gamble. Sometimes I play a few big spins on a slot machine, other times I may enjoy an evening of bingo at my local bingo hall with family and friends. Whatever I end up doing I have fun and I never feel low when I lose, as I keep my budget low for this reason.
This is a collaborative post on how to gamble safely.