Gambling can be a lot of fun or it can be a nightmare. If you walk away having won, it’s a wonderful day. If you walk away, from gambling, with the same amount you went in with, you won’t feel anything. But, if you walk away having lost much more than you planned to spend, it can be a horrible day. In order to protect your money, while gambling, you should really use common sense. One must realize that taking all of your money with you, when you go gambling, will only cause you to spend more than you had originally planned. Follow these five tips to protect your money the next time you go gambling.
- Only take the amount you are prepared to part with.
This is called gambling, it’s not called making an investment in your future. In fact, gambling is the exact opposite of investing; most of the time you lose money when gambling. So how do your protect your money? Only bring the amount you can stand to lose. This means leaving any extra money at home. If you simply leave the money in your car, you will be tempted to go out there and get more, to try and earn back what you’ve lost.
Never play like an amateur and keep betting what you have in order to gain back what you have lost as that would be disastrous and you will end up with nothing because it has happened time and time again whether it is in Poker or blackjack.
- Do not take credit cards, when you go gambling.
There are ATMs inside casinos, making it very easy to get more money from your credit card. To protect your money, leave all your credit cards at home. Having credit cards with you while you’re gambling will only lead to disaster. You will be tempted to go to the ATM and withdraw money. You will continue to do this, thinking you can earn back what you lost. Protecting your money also means protecting money you’ll have to pay back later, with interest.
- Do not bring debit cards with you either.
When you go gambling, nothing is worse than walking out of the casino and realizing you just lost your mortgage for that month. To protect your money for upcoming bills, leave your debit cards at home. Do you really want to get home and realize that all of your money is gone because you lost it while gambling?
- Choose low risk games.
To protect your money, choose low risk games or games that don’t cost a lot to play. A good game to play is Black Jack. I watched a special on the Travel Channel that said the only game casinos lose money on is Black Jack. A game that allows you to make choices, like Black Jack does, gives you more control and allows you to better protect your money.
For goodness sakes, if you’re going to go gambling, know what you’re doing! There are several websites where you can study for free. Some casinos even have classes where you can learn to play different games. This really helps you to protect your money by giving you the advantage of knowledge.
I hope these tips help you to protect your money the next time you go gambling. Many people walk away having lost everything, don’t let yourself be one of those people.