Gambling is entertainment. To
view it any other way is foolish and
without reason since we all know the
odds are in the favor of the casino
and that in the long run we have
very little if any chance to come
out ahead.
Gambling is entertainment. That
understood, it is then easy to
approach gambling the same way you'd
approach going to the movies, or to
a sports event, etc. The only
difference is that while you may pay
... say $20 to go to the movies
(gas, treats, admission and whatever
other costs you may include to make
it a pleasant experience), or say
$100 to go to a sports event... in
the case of gambling you actually
have a chance, however unlikely,
to come home with as much or even
more money than you started out. It
is for that reason you should open a
separate account (I suggest an
ewallet for those who gamble online:
I've used NETeller for years without
problems and now use QuickTender ..
found inside the casino banking page
under "UseMyWallet") to store your
winnings and keep your losses from
becoming problems that could effect
your marriage or quality of life.
It
would be a good idea to figure out
what the total amount of money you
can afford to lose in a month and
then deposit that amount into your
ewallet or separate bank account
(from here on in I will refer to
ewallet). This is your bottom line.
You cannot gamble when this amount
is gone until the beginning of your
next month. However in time you will
catch a win and when that happens be
sure to cash-out some of that money
because that is going to be what
becomes your base camp (so to
speak). After this time you should
be able to fund your gambling
sessions by taking some of those
winnings out of your ewallet rather
than having to wait for the next
month to come around. Of course some
of you won't be as lucky as others
and you may have to endure some
months passing before you see a big
win, but remember that your time is
coming and that you must be smart
when that time happens and leave
yourself enough to be spoiled,
having enough to gamble a bit
frivolously while putting away ....
I'd say 2/3 of your win would be a
good minimum to shoot for since you
can always redeposit later.
Note-
your first loss limit won't change
from its original setting unless
your win limit is raised in which
case you raise your loss limit a
similar distance that the win limit
goes up. So you'll either see your
loss limit raised or go home broke.
:)
An ounce of prevention is worth a
pound of ...
I
cannot stress enough how gambling
should never be viewed as a means of
income as it is a sure recipe for
disaster and nobody is immune.
Anytime you find yourself saying "I
need to get lucky" or "I'm due": you
should quit and take a step back and
truly think about what you're doing
because either of those sayings
overheard by a sharp poker player
would be a neon sign blinking the
words "down on the luck and not
enough sense to put money in their
pocket". Although its true the
casino games (cough:slots!) can't
know a thing like that: its also
true that to them it doesn't matter:
what matters (to you) is the fact
that during these times you're
probably not going to be hitting the
little wins necessary to carry one
over to when a time comes that you
hit a big win.
And
most importantly is learning how to
take that step back when you're
losing. What I often find amusing
(if its not someone who is so down
they shouldn't be gambling at all:
in that case its just sad) is when
someone is on a losing streak that
you nearly have to drag them away to
get them to stop. Even when they'd
be the first to tell you that they
are having terrible luck and have
lost a bunch ... its like they've
suddenly been hypnotized into
believing they won't ever have a
chance to get their money back if
they don't try to get it back right
then.
The
times you get someone to take that
step back, go get some air, take a
walk... ... well I'd bet 99% of
those times the player in question
would after having taken the break:
thank you for getting them back to a
point where they were thinking
straight and able to view gambling
as entertainment and not something
you chase.
Next page of
Gambling Tips and Learning from your Losses
Back to
table of content for
Casino Articles
