You should use some simple methods that can help you stay inside the framework of your gambling budget. The following are a few time-honored techniques of limiting your potential losses in the casino.
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You should always take advantage of all casino bonuses that are offered, as extra money helps reduce any potential losses.
Stop-loss limit
Stop-loss limit is a commonly used technique in the stock market. Stop-loss limits safeguard your stocks from a serious downturn by telling your broker to sell them if they fall to a certain price.
You can employ the same rationale to your gambling efforts. First, you must decide in advance how much you are willing to risk in a visit and in a day. When you have lost a predetermined amount, stop, run quickly to the exit door, calm down and spend the rest of your day sightseeing or golfing.
Dramatic comebacks – wiping out your gambling debt by winning huge cash – are simply stuff of legends. And that is where those stories really belong. You shouldn’t gamble in the casino to pay off your bills and make a living. Treat gambling like a short vacation, and leave the wonderful dreams of making tons of cash in the casino for Hollywood movies.
Time limits
Another good tool for self-restraint is to set limits on the length you playing session each day. Marathon game sessions at the tables frequently spell tragedy. The longer you play in a game, the more likely you are going to lose your perspective and focus. You shouldn’t play for more than a couple of hours at a time, and never go play for more than five to six total hours each day. Casinos are strong enough to beat you anyway, but when you are mentally hungry or foggy, you will add an extra burden to that job. Find out how to take breaks since they can assist you to clear your mind and protect your financial situation. Stopping for dinner or lunch may seem too obvious, but the number of gamblers who totally forget when to eat during those exciting games is simply stupefying. Here are just some reasons why you need to take a break:
- Going to the bathroom: Drink enough water so you need to take repeated trips to the powder room. These short walks stretch both your muscles and your financial situation.
- Sports book scoring: Put a few minimum-bet sports bets over at the sports book. You will be motivated to stand up every now and then to track the progression of your teams, and these bets provide perhaps have the greatest entertainment value anywhere in the house.
- Exercising: Even if it is just a short walk around the casino floor, you should do something to get your blood circulation going. It is even better to get a real workout at the nearest hotel gym.
- Calling your friends and loved ones: Your family, friends and significant others will appreciate an occasional check-in call. A check-in call may also remind you to your daily budget limit. You may easily lose touch with your reality while gambling. A quick phone call should remind you of what is more important in life.
Win limit
Everybody wants to end the day as a winner. Cashing out as a winner is one of the greatest emotions in the world, and it is the ultimate goal of people who gamble. But you should remember that one of the lousiest feelings is dumping all of your previous winnings back when you are up a lot and then losing them quickly. So quitting the game when you get a predetermined amount guarantees that you have a few successful days during your lifetime casino experience.
Some gamblers set up specific target, such as quitting the game when they get ahead of the daily bankroll by fifty percent or a hundred percent. If you cleverly add the profits back into your bankroll (instead of spending them); you will have a bigger buffer to withstand later negative swings.
Do remember that quitting early will not help you in the long-run because you have absolutely no chance of knowing when those cards are going to turn for this day. But you will reap an enormous psychological benefit if you quit playing and you have won a certain amount of cash.
