10 Rules for Safe Online Gambling

“True luck consists not in holding the best of the cards at the table; luckiest is he who knows just when to rise and go home.”

~ John Hay (1838 – 1905)

  1. Plan your budget.  Before you log on, have your budget planned.  Plan ahead.  Know how much money you will risk, and stick to it!  
  2. Set your low limit.    Let’s say you enter the casino with a balance of $500.00.  You’ve followed  rule #1 and set your gambling budget to $100.00.  You plan to quit the game if your balance falls to $400.00.  ($500.00 – $100.00 = $400.00).  Your low limit in this case is $400.00.
  3. Keep your expectations reasonable.  Yes, there are huge jackpots out there, but don’t play with the expectation of hitting one.  Play to your preset upper and lower limits, and if you do ever hit the big one, it’ll be icing on the cake.
  4. Gamble only with money you can afford to use.  After all, gambling is entertainment, and can be budgeted much the same way.
  5. Never exceed your spending limit if you’re losing.  Be firm with yourself!
  6. Make a goal for winnings – save some and gamble only with the leavings.  In other words, raise your “lower limit” as your money accumulates.
  7. Stay cool.  Don’t get all excited and carried away when you’re on a winning streak by  increasing your bets significantly.  If you do increase your bets, do it gradually.  After all, what goes up fast also does down fast!
  8. Be rested.  Don’t play when you’re tired, because that’s when emotions come closer to the surface and can hamper your will to stick to your plan.
  9. Know your betting boundaries.   Play only on games whose minimum wager requirement you can afford.
  10. Know when to leave.  If you’re losing, leave the game either after 5 consecutive losses, or when you have reached your predetermined low limit.  On the flip side, when you’re winning, quit while you’re ahead!  rules

We’re all human, which is why casinos always win – in the long run.  It’s the short run we want to be ready for.  Statistics tell us that the longer we play a game, the more likely it is we’ll lose.    It is very important to come to the casinos prepared.  Have a plan.  Stick to the plan!  Don’t go chasing the losses – that’ll put your balance to zero before you know it.  Don’t chase winnings.  Know when to quit, and quit while you’re ahead.

If you follow these simple rules, you’ll greatly increase your chances of coming away a winner.  Who needs that sinking feeling you get when you walk away (or log off)  because you’ve chased the losses and ran your account dry.  By sticking to a simple plan, you’ll always feel good after, because you were in control!  You did exactly what you intended to do, and still have money left over for exciting gambling action another day!

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