What to do if you are betting too much

Posted by Trix @ 12:00 AM, Sunday Jun 14th, 2009

If you find that you are betting too much, there are a number of things to consider. Firstly, are you chasing your losses? If you are, don’t. You will never recoup them. Bet if you feel the need to, but don’t bet to make up for a past loss. It is a useless exercise that will only get you into further trouble.

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Set limits on how much you bet each week/month and stick to them. If you set aside $30 per month for betting, that is fine. But only if you abide by it. This ensures you are betting responsibly and that you are in control.

Are you finding yourself borrowing money and owing money to others? This is a sign that you have lost that control. It is important to stop as soon as possible. Betting should be something you do for some fun, not something that will put you into debt and affect you, financially, down the line.

Do you find your thinking about betting all the time? Dreaming of that big win? It is time to take a break or seek some professional assistance. Betting should not affect your livelihood; it is a hobby and nothing more. The more you think of a big win, the further you are away from it.

Overall the best thought to consider is are you in control? Once you have lost control – both financially and emotionally – you need to seek help or stop betting. Continuing will simply hurt you more later on.

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