Sensible Gambling
When it comes to any form of gambling whether it is in a casino, at a bookmakers shop or even playing bingo in a bingo club, punters need to keep their wits about them and have a level head. Whilst in most cases, people will go to such venues with the expectation that they will end up losing, whilst possibly dreaming they will win big. Occasionally the latter will happen and they will win that life changing win they have been dreaming of and it is in situations like these, they need to be totally in control, to ensure they do not gamble the winnings back!
Being a sensible gambler will entail you having some form of strategy when it comes to your betting and gambling habits, so we thought it would be useful to show you how other people put in place such a gambling strategy, as it may help you to put in action, ways of locking in a profit when things are going well, whilst conversely putting into place some stop loss limits the purpose of which is to stop you suffering a total loss.
So below is our step by step guide to sensible gambling, have a good look through it and try and digest some of the information it contains and then try and put it into practice when you next have a gamble and see how you get on!
Sensible Gambling Strategy
In basic terms a sensible gambling strategy will see you working out in advance how much you are ideally, and not greedily, hoping to win during your next session, whilst at the same time working out how much you are prepared to lose should everything go wrong.
Now a level headed gambler will never walk away from any gambling activity completely broke, and as such one common way punters will plan their next betting or gambling expedition is to look at how much they are taking with them, and then dividing it by two. So if you are hitting the casino or betting shop with, for example, £100, then half of that is of course £50.
This £50 figure will be both a stop loss limit, meaning a punter playing with a strategy will not, under any circumstances, lose more than that, whilst conversely they will hopefully try and win £50 from the days betting/ gambling. So now that punter knows both his winning goal and his stop loss limit, however another aspect of his days gambling is to work out how much he will be placing on each selection in the case of horse or greyhound racing, or how much to play each spin of the roulette wheel for if he is going to the casino.
This is known as the unit stake, and to arrive at this figure you need to do a few workings out. If you are planning a day at the races, then with our earlier figure of £50, you need to simply divide that by the number of races you will be betting on. If there are five races then you will have £10 to bet on each one, remember that you are aiming to win £50 at the end of your session, so should your first horse win at 7 to 1 then put £50 of the winnings in your pocket and have fun with the rest.
However, should you be visiting a casino, then working out the unit stake can be a little more difficult should you be intending to play the slot machines, then one good unit stake figure is to divide your stake by 100, so that £50 divided by 100 is 50p, and use this as the stake you will be playing each spin for, this ensures that you will get at the very least 100 spins during your session. This 50p unit stake may see you hit a few bonus rounds and the like to ensure you get some form of entertainment value from that particular session, due to the number of spins you will therefore be playing.
Should it be Blackjack or Roulette you are planning to play in the casino then look for smaller stake tables, if you have £50 to play with then you should divide your £50 by 20 and use this as your unit stake when playing roulette, as this game take much longer to play than playing slots for example, so you should get a decent amount of playing time when playing 10 x 25p chips per game.
Knowing When to Stop Playing
One of the hardest things to do, more so when you are winning but just as much when you are losing, is to know when to stop. It is true to say that most gamblers will fall into a trance like state when they are gambling, and it is all too easy to lose track of reality when things are going your way or not!
By putting into place a sensible gambling strategy and knowing exactly when you are going to move on will install some form of self regulation into your gambling, however this is often easier said than done, and it will be down to your will power whether you do recognise when the time is right to leave the game.
However ask yourself do you want that horrendous stomach churning feeling which happens when you have lost everything, or do you want to be able to walk away still with money in your pocket. We guarantee when you come to your senses you will be opting for the latter, and this is where it truly pays dividends for you to work out both stop loss limits and winning goals in advance and then up and leave once you hit them, by doing this you will be able to play more sessions than you ever would by constantly busting out!
So the next time you fancy a gamble, we challenge you to walk away once you either win half your initial bankroll value or lose half of your initial bankroll, let’s hope it is the former and not the latter, good luck when you next hit those tables, slots or visit the racecourse!
