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Tips for Gambling Responsibly

Editor’s Note: A favorite summer destination for my brother and I (back in our 20’s) was Las Vegas.  There my brother discovered his love of gambling.  Me? Way too cheap to gamble, but he continues to do so often.  If you plan on gambling any time this summer, here are some tips from him.

Any seasoned gambler knows that gambling responsibly and maintaining good judgement is the key to a happy and productive experience.  You should never gamble more than you can afford and you should always log how much you’re spending each week.

It’s always good advice to keep a detailed log of how much you’re winning and losing as well as the nature of each bet you make.  This not only makes for sound financial sense, it also informs you as to what a good bet may be, with different punters having different but often creditable theories.  This applies to the casino as much as to the sports field.

In sports betting you’ll find some teams win only at home, whereas others have a distinct tendency towards the draw.  When it comes to the likes of cup finals or high stakes games, you may start to see correlations as to which way the result may go taking in factors like experience, hunger and mind set.  Some clubs exhibit tendencies every bit as glaring as Man United’s late wins.

If you do lose a bet, you shouldn’t blindly try to chase it and cover your losses as this can lead to impaired judgement.  It’s often wise to stick to the markets you know best and begin to specialise in certain fields.  Some may prefer the casino whereas others are strictly sports betting; nobody knows their team like a fan who attends all of the games and this is where you may be able to beat the bookie.

Many responsible sites such as will let you impose a limit on how much you can spend each week.  You should never put your livelihood at risk and try to win outlandish sums of money.  Stay focused on the small gains and be happy to lose only what you can easily afford.  The growth in things like online casino gambling should be seen as a leisure activity rather than something that consumes your entire income.

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8 thoughts on “Tips for Gambling Responsibly

  • The only responsible way to gamble it so tell yourself that you are going to SPEND $XXX at the casinos. That’s your admission fee–you should have no expectation of winning. Think of it like buying a ticket to a show.

    Or be picky about your games and learn to count cards. Ahem.

  • In another life I would have swore there is nothing like responsible gambling, I’ve lost a pretty sum. In this case however, I guess you argue it expertly in the financial sense: gamble only what you can afford (I carry specefic amounts nowadayds, If I lose that, I quit!), keeping records religiously. As long as one is disciplined enough, I suppose one can gamble responsibly.

  • I’m not the casino gambling type. I will but my money on the stock market or invest in real estate and many would consider that gambling as well. My uncle takes to the casino a lot but when he goes his max is $50. Everything he wins he pockets. And will only lose his $50 in came with. Strong willed in my opinion.

  • After reading these comments I went into the casino with $25 and walked out with $550 in 10 minutes. I told the dealer it was a “hit and run”. Blackjack Anyone!?

  • Before I go gambling I establish how much cash I am willing to loose in one night, and then “forget” about my bank card in my pocket. It is all about discipline, young grasshoppa’s.

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