It is quite obvious that we like to gamble. With casino cruise ships that leave U.S. waters for hours at a time to allow their guest a night of poker, blackjack and slots to the classic casinos scattered throughout the country. Some people view gambling as a social aspect and some are just waiting for the next big win. The new variety of games will ensure you’ll find at least one you like to play or watch. Not to mention the friendly game of Texas Hold’Em you could find in your very own basement or garage.
Everything is a gamble, and that’s why we have insurance. We try to protect ourselves from high medical bills, and unforeseen circumstances. So why not try to protect ourselves from gambling debt. Although there isn’t a service quite like that, but there are precautions you can take to protect yourself and your assets.
One thing you can do is not participating in gambling games at all. However that may not be a ‘fun’ option for you. Assessing your financial situation and determining how much you can afford to lose is a great way to prevent gambling debt. Another tip is to leave your credit cards at home, set a maximum betting limit, and stick to that number. By having a predetermined account balance can help you keep track and acts as a safety net to prevent you from spending money allocated to something else such as your bills. When you’re in a casino, and you start to win big, the casino will start to offer you free alcoholic beverages, know your tolerance. The casino doesn’t want you to win; they want you to make bad gambling decisions while drinking alcohol. So if you can still function be having one drink, by all means you’re there to have a great time, but know when to say no. This will save you from making bad judgment calls.
With these gambling debt prevention tips, you can still have a great time, but remember you still have to be responsible. Also be aware of your family history, does someone in your family have a gambling problem? Be sure to know if you are more susceptible to having a gambling problem. This may be deciding factor on whether to gamble or not, and if you are susceptible you need to be conscious of its affects, long-term and short-term.
There is a time and place for gambling, and with the Internet providing access to online gambling, you can gamble anytime. You should be cautious though, online gambling posses several risks associated with gambling addictions. With online gambling there are fewer restrictions and policies, and you have a great chance to develop a gambling habit.
Whether you gamble online or in a casino, there is always the risk of gambling debt. In the event that you do find yourself in debt, immediately stop gambling. You should seek counseling and possibly a debt consolidation service. There are several companies out there that are non-profit and can help you get a handle on your financial situation.