Why Online Gambling is Growing Even in a Recession

Problem gambling is an overwhelming desire to gamble even though there may be negative consequences or a desire to stop, it may also be known as compulsive gambling which is a much more clinical term.

There is only one universal definition of Problem Gambling which was coined in Australia:

 

Problem gambling is characterised by many difficulties in limiting money or time spent on gambling which leads to adverse consequences for the gambler, others, or for the community

 

As an addiction is gambling hard to shake but it’s important to understand at what point are you becoming addicted?

If you are concerned that gambling or sports betting is starting to become more than just a game then these guidelines should help you moderate your play. UFABET

  1. Try to set aside an entertainment budget & include gambling or sports betting in this. Assume that you might lose this money & any winnings are merely a bonus.
  2. Always start with a dollar limit & stick to it.
  3. Don’t spend too much time gambling, you should always try to set a limit on your play time. As the saying goes, it’s important to quit whilst you’re winning & on the flip side leave when you reach your dollar limit.
  4. Losing is part of the game, so make sure you understand that you have to accept your losses before you start playing.
  5. Never borrow money to gamble. No wins are ever guaranteed.
  6. You should not let gambling because a substitute for your relationships or work life.
  7. When you lose don’t try to recoup your losses. Chasing your losses is a quick way to end up with much heavier losses, the reason for this is that you’ll end up making less rational decisions because of the mind state you’re in.
  8. Gambling should not be used as a way to cope with physical or mental pain.

 

 

Winning at Gambling – 9 Rules For Gambling Success

Gambling is a massive industry and even in times of a worldwide economic recession, bookmakers continue to prosper. The reason for this is because the majority of gamblers do not follow simple rules, lack discipline and are unable to control their emotions. Its not easy but by following some simple guidelines you can turn yourself from a loser funding the bookmakers into a successful gambler.

1 – Create a sensibly funded separate betting bank

Gambling is a pastime which, if not treated seriously can lead to massive debts and losses. So the first rule is to ensure you bet with what you can afford. If you initially set aside an amount, which if lost is not going to cause any major concern, you are immediately removing the stress. You can treat this bank in the same manner you would money you had set aside for social activities or personal treats – there is one key difference though, you may well see a return!

Also as part of this step break your bank into betting points. As an example if you had a bank of 500 you could create 500 points and state 1 point will be placed on bronze confidence bets, 3 on silver and 5 on gold. Alternatively you may prefer a percentage of the bank. Both ways are fine, once you have a clear, sensible and controlled banking structure which will only run out if you fail over a long period of time.

Finally as part of this step you must know realistically what you define as successful. If you have a betting bank of 500, it is not going to grow into a million overnight. Realism and sensible goals are vital.

2 – Keep records

If you are going to take gambling seriously, you must act in an efficient and controlled manner. The first key element in doing so is to ensure you keep full records of every single bet you place. A simple spreadsheet will do the job perfectly. Excel is of course ideal for this type of activity and offers massive ways of breaking down your data for you to see where you are going right or wrong. You can create headings and columns as you see fit but its recommended you have at least the following –

 

  • Date – the date of the bet being placed
  • Selection – what you are betting on
  • Amount – how much you are betting
  • Odds – the odds you have been given
  • Categorisation – the type of bet, for example a system name or a categorised description
  • Profit/Loss – your overall return
  • Comments – notes for future analysis

 

3 – Study

Unless you are lucky enough to be friends with someone on the inside then relying on other peoples word or a so called tip is basically just guessing. The rule of study means every time you go to type in a bet to your spreadsheet you have justification and a sure sense of why the bet is being placed. If you are unable to study the statistics/conditions and categorically know you are placing a bet for the right reasons, you should not be betting in the first place. UFABET

It is not acceptable and will lead to failure if your bets are not being based on thorough study of the betting event you are investigating. The rule of study is absolutely and categorically vital – it means sourcing appropriate materials, ensuring you understand the results and allowing enough time to really get to grips with your findings. To summarise, without studying you are guessing and will lose in the long-term.

4 – Know your odds and get the value

No matter what gambling selection you make, there must be a price associated with it you consider to be worthwhile. This is no different to going shopping – you know what you want to buy and what its worth, if the item is not as good value as you believe it should be, you wont buy it. The same rule applies here, if you are not able to get the odds you have set out for, then you do not back it. Ever!

Deciding on what the correct odds should be is of course an art in itself but something you must master in order to be successful at gambling. To summarise the rule – if you do not know if the odds are good or not how can you possibly add it to your betting spreadsheet with confidence?

5 – Hunt for the best odds

Call it penny-pinching if you wish, but the difference between 1/2 and 4/9 is massive in the context of a successful gambler. There are now plenty of resources to compare all prices available and the laziness of just backing with the same firm or your local betting shop for ease will not do if you wish to succeed at gambling. Now that you have identified a bet to place and seen you like the odds available, you must see the benefits of taking this extra time to get the best price available.