What is responsible gambling?
Important aspects of responsible gambling
Responsible gambling is defined as gambling in a controlled and informed manner, in order to minimise the risks of harm associated with gambling. It involves setting limits on how much money and time you spend on gambling activities, as well as staying aware of the risks involved. There are a number of ways to gamble responsibly, including:
- Setting limits on how much money you spend on gambling activities
- Staying aware of the risks involved in gambling
- Avoiding chasing losses
- Only gambling with money you can afford to lose
- Taking breaks from gambling
- Seeking professional help if you feel like you may have a problem with gambling.
Am I a gambling addict?
If you’re wondering whether you may have a gambling problem, there are a few key signs and symptoms to look out for, including:
- Spending more money on gambling than you can afford to lose
- Chasing losses by spending more money in an attempt to win back what you’ve lost
- Gambling as a way to escape from problems or negative feelings
- Feeling restless, irritable or anxious when you try to cut back on gambling
- Lying to friends and family about your gambling activities
- Stealing money to fund your gambling
- Neglecting work or studies due to gambling
- Borrowing money to gamble with
If you’re concerned that you or someone you know may have a gambling problem, there are a number of organisations that can provide help and support, including:
Useful tips and advice for beginners
If you’re new to gambling, it’s important to be aware of the risks involved and to gamble responsibly. Here are a few tips and pieces of advice for gambling safely:
Start by setting limits on how much money and time you spend on gambling activities. Stick to these limits even if you’re winning.
Turn off your emotions while gambling
This means not chasing losses and sticking to your limits. Be aware of the risks involved in gambling. This includes understanding the odds of the games you’re playing and being aware of the potential for problem gambling. If you’re worried about your gambling, or someone else’s, there are a number of organisations that can provide help and support, including:
Don’t place bets hastily
When gambling, it’s important to take your time and place bets carefully. Don’t be tempted to place a bet just because you’re feeling lucky. Remember, the house always has an edge in casino games, so there’s no such thing as a sure thing. If you’re thinking about placing a bet, ask yourself:
- Is this a responsible decision?
- Can I afford to lose this money?
- Am I chasing losses?
- What are the odds of me winning?
If you’re unsure about whether or not you should place a bet, it’s probably best to err on the side of caution and not do it. Gambling should be enjoyable and entertaining, not something that causes you stress or financial problems.Last Updated on: 02/12/2022 ago by Shyla Anand