It's Possible to Gamble Responsibly
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By Bromwich+Smith Staff | 491 words | Reading Time: 2 minutes and 27 seconds | Date: 2022/07/12
You love the cha-ching sound of a winning slot machine, but do you know how to gamble responsibly?
While gambling is a form of entertainment, it should be budgeted for and enjoyed responsibly. Like going to the cinema or attending a sports match, gambling can be enormous fun. It becomes a problem, however, when it is seen as a way to make money or solve financial problems.
The act of gambling is not inherently irresponsible, but it becomes dangerous when the following signs appear:
- A constant preoccupation with gambling and the next opportunity to gamble
- Relieving past gambling successes and talking about where to find money for the next opportunity
- Spending more time in gambling establishments, including online establishments
- Losing interest in other hobbies or activities
- Withdrawing from friends and family
- Borrowing money to gamble
- ‘Chasing’: borrowing money to gamble in order to pay back debts and losses
- Not showing up for work or family functions due to gambling
- Unexplained bills or absences
When these signs begin to appear in your life, or that of a loved one, it is time to reach out and get help. In Canada there are many non-profit organizations that can support you with gambling challenges that are free, confidential and anonymous.
Here are some responsible gambling tips to keep the games fun:
- Budget carefully: by ensuring that you know exactly how much you have to spend, it becomes much easier to simply draw that amount of money in cash, and leave your credit card at home and out of reach of temptation.
- Stay social! Gambling alone is usually one of the signs of addiction.
- If you want to know how to gamble responsibly, allocate a certain amount of time in the casino to avoid overspending.
- Don’t ‘chase’ losses by gambling more.
- Have realistic expectations of what gambling will accomplish – it will not help you pay your debts and bills, but it will provide a few hours of fun.
- Avoid drinking alcohol when gambling, as it impairs decision-making and can lead to overspending.
- Keep a separate account for gambling money, so that it cannot be drawn from your main account making it easier to keep track of your spending.
- Always play only one machine at a time – playing multiple machines at once is bound to cause overspending.
- Don’t borrow money to gamble.
- Gamble during the good times – when you feel positive and happy, rather than during difficult times. When depressed, angry, or under pressure, gambling becomes a high-risk situation.
By following these responsible gambling tips, we hope that it ensures you're having fun when gambling and not causing financial harm to you or your family.
If you are facing financial challenges we want you to know you are not alone. Bromwich+Smith has a number of debt relief strategies to help you regain control of your finances and get your life back on track. Reach out today for a free, confidential, no obligation consultation. Bromwich+Smith’s Debt Relief Specialists are available by phone at 1.855.884.9243, or request a call back at contact us page. We want to see you flourish!