Online Gambling: Why Budgeting Your Hard-Earned Money is So Important!

In order to answer this question, I will use my own experiences from Atlantic City to Las Vegas. Atlantic City Casinos, in my opinion, have the lowest slot payout percentage. You can literally lose $100 in 5 minutes. That’s what happened to me. In Las Vegas, on the other hand, they have a little higher payout percentage, but the house always has the upper hand at slot play. Because of my experiences, I have never gambled online. I practice play. I am on a very strict budget, and to gamble online and lose would cause me great distress. Each time you join an online casino, you will always see words such as “Be Responsible” or other words to that effect. Some online casinos even give links to Gambler’s Anonymous or other organizations that can help those who become addicted to online gambling. This is the crux of the matter in the title. Budgeting IS important. How many people do you know you are addicted to gambling in any genre?

Online Gambling at Home

I found a wonderful statement that applies to online home gambling. It said: Online gambling at home provides greater convenience and comfort than playing in a casino, allows bets to be placed without the scrutiny of others, offers a more immerse interface, and allows players to place bets after heavy consumption of drugs or alcohol - all factors which can increase both the duration of time spent gambling and the amount of money wagered.”

Budgeting Your Hard-Earned Money

There is a site that gives you 10 ways to be a responsible gambler. Because online casinos offer the highest payout percentage for slot games, here are some tips that you may want to utilize.

  • “Responsible gambling involves deciding how much you are willing to lose before logging on.
  • If you do happen to win, decide beforehand when you will stop.
  • In addition to setting win and loss limits, also set a time limit for how long your gaming session will last.
  • Take regular breaks from gambling.
  • Payouts are determined by preset odds, not discernible patterns. There is no such thing as "hot" or "cold" tables - even for online casinos.
  • Avoid online gambling if you are depressed, stressed, or are trying to avoid a negative emotion of any kind.
  • Online gambling should not be your only (or even your primary) form of entertainment..
  • If you are not able to practice responsible gambling online, install software on your computer to block access to online gambling websites.
  • If you gamble, view it as a form of entertainment that you will pay for, not as a way to make money.”

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