Win a 1-night stay for 2 at The Athenaeum Hotel and Residences in London’s Mayfair
Home / Sport & Entertainment

How to gamble responsibly, no matter how much money you have to play with

If you’re determined to take a more sensible approach to gambling in 2023 as opposed to continuing to splash your cash with no restraint, then here’s how to do it.

By LLM Reporters   |  

For the high roller, a night at the casino or logging onto one of the best UK casino sites is one of life’s simplest pleasures, and taking your place at the Roulette wheel for a few spins or heading straight to the VIP Poker room to put your latest strategy to the test – potentially walking away with a substantial win – is the dose of excitement you need in your life.

But even when you have money to burn, it’s important to gamble responsibly, as popular games can quickly become addictive and no matter how experienced you are, the result of a game is never guaranteed.

If you’re determined to take a more sensible approach to gambling in 2023 as opposed to continuing to splash your cash with no restraint, then here’s how to do it. And yes, you can still place those eye-watering bets, within reason, which means you won’t have to compromise on that adrenaline hit.

Set a financial limit before you play

It’s easy to get carried away with the thrill of chasing a win, whatever your favourite casino game happens to be, and often, that can mean you end up gambling substantially more money than you had originally intended. To avoid going overboard, set yourself a financial limit before you enter the casino, and stop once you reach it. It’s always tempting to play just one more spin or one more round of Baccarat, Blackjack and other favourites – but setting and adhering to a limit will ensure that your hobby remains just that, and continues to be enjoyable – rather than becoming a burden on even the most sizeable of bank accounts.

casino table
It’s easy to get carried away with the thrill of chasing a win, whatever your favourite casino game happens to be – and often, that can mean you end up gambling substantially more money than you had originally intended

And a time limit, too

Gambling responsibly isn’t just about avoiding going overboard with the amount of money you play at any given time, but ensuring that it doesn’t eclipse other important things in your life, too. Time flies when you’re having fun, but that can sometimes mean that you have none left for your family, friends and even business. With this in mind, allotting yourself a specific amount of time or a certain evening each week to go to the casino whilst scheduling in time for other things, too, is key to maintaining a healthy balance and stopping your gambling fun from impacting upon other areas of your life.

Know when to cut your losses

You win some, you lose some; such is the nature of gambling. But if you’re a seasoned high-roller who has just lost an eye-watering wager, then it can be tempting to keep playing in a bid to win your money back – something which is ill-advised, and could potentially lead to even greater losses as the evening goes on. This is the point at which you should remind yourself of that financial limit you set, and be willing to accept the fact that it simply isn’t your night. There’s always next time, after all.

card game at casino
Gambling responsibly isn’t just about avoiding going overboard with the amount of money you play at any given time, but ensuring that it doesn’t eclipse other important things in your life, too

Learn the rules and odds of games

This might seem like stating the obvious, but to avoid huge losses when gambling, it’s essential that you have a thorough understanding of a game and its odds before you play. When money is no object, it’s all too easy to simply go in blind and hope for the best, but you could see some considerable losses in doing so that could have been avoided.

Blackjack and Poker tend to have better odds than many other games, but certain bets within them can still come with some of the worst odds in the casino attached, for example – while slots, although less consistent and reliable, can still offer some great wins and plenty of fun along with it.

Remember, it’s all about luck

Granted, the most successful gamblers have a wealth of experience behind them and usually come with a strategy, but even then, nothing is guaranteed. So, avoid falling into the trap of believing you’re invincible or falling prey to superstitions, and understand that a huge win one night doesn’t necessarily mean that you’re on a roll or that you’re unstoppable.

Be grateful when you do win, but also accept that this won’t always be the case, and you’ll maintain a healthy balance that doesn’t become all-consuming. There’s no such thing as a lucky table or a lucky seat, either – so be careful not to fall prey to the idea that there is and keep your feet on the ground at all times.