Tips for gambling responsibly

The most important tip regarding responsible gambling concerns the amount of money that you spend on it. When you read about how to gamble responsibly you will almost always come across advice that tells you not to spend more money on gambling than you can afford to lose, but that is something of a glib statement. For instance what is too much money, an anyway, after all you might win.

What you need to think about is your disposable income. Disposable income is the money that you have left after paying all your bills such as your mortgage, your rent, your food bills, your bills for gas and electricity, your hire purchase agreements and your credit card bills. One thing is certain, most of us have less disposable income currently that we used to; however hopefully there is enough left over to pay for a little gambling as well as for the other things that you enjoy.

Once you have worked out how much disposable income you have, you should work out a budget. Think of all the things that you like to do, and allocate a certain amount of money to them. For instance these could consist of going to the theatre, cinema and concerts, visiting clubs and bars, going on holiday, going out for a meal, playing at a mobile casino and so forth. It is useful to prioritise these too. Which of them are really important to you and which ones could you do without? Once you have done that you will know how much you can afford to spend on gambling, and as long as you don’t exceed that amount you will be gambling responsibly. However much you enjoy gambling, never borrow money to gamble and if you are losing don’t bet more in an attempt to win back what you have already lost.

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