Gambling can be a lot of fun, but for many people, there is a fine line between having some fun and then toppling into the realms of being very irresponsible. If you have bills to pay, a family to look after and a car to run, you need to learn how to manage your finances and be wise with your money. Here are some of the things that you can think about if you’re trying to gamble responsibly:

Limits are important

If you want to become a responsible gambler, it’s important that you set yourself limits and you know exactly what these limits are. One of the most important things when gambling is to be disciplined in order to stay within your limits. For example, set yourself $50 to gamble with and don’t go over that limit. If you win more money, you can choose whether or not to allow yourself to gamble further with your winnings. However, don’t dip into your bank account to spend more than the initial amount you gave yourself.


Gamble with money you can afford to lose

A lot of people get into financial difficulty after gambling because they have gambling with money that they couldn’t really afford to lose. Gambling with money which has been set aside to pay the weekly food bill or the monthly utility bills is a very risky move, so you should discipline yourself to gambling only with your leftover money or money which you’ve given yourself to spend within the month. If you lose all the money, you’ll still have the money which you allocated to pay your bills and other important things.

Don’t drink and gamble

A lot of gambling takes place in casinos and similar places where alcohol is available and people are going out to drink, smoke and gamble. Combining alcohol with gambling can be a dangerous thing to do, especially since alcohol impairs your thinking abilities and causes you to do things that you perhaps wouldn’t do otherwise. Statistics show that you’re much more likely to carry on gambling and not stop even if you’re losing money when you’ve been drinking, so always keep alcohol and gambling separate. Even if you’re in the comfort of your own home having some drinks with friends, don’t fall into the temptation of having a friendly game of poker, since you might find yourself losing more than you can really afford.


By James