Whether you are gambling online or gambling in a brick-and-mortar casino, self-control is one of the Paramount skills to develop. You need to know when to fold them, you need to know when to leave the table, and you need to know when to leave the casino to avoid losing more than what you have planned. It is especially important to know when to leave after you have won a large jackpot. We have seen so many people, ourselves included, just put all of the money right back into the slot machine after winning a jackpot. Before you know it all of the money is gone and you wonder what happened.
Unfortunately for many people they lose more than they planned and end up losing much more money than they can afford. It is also amazing just how quickly you can go through $100 in cash without winning very much. If this is happening to you it’s time to take stock and decide if you want to continue gambling and lose more money.
Most gamblers will tell you that the house will eventually win if you play long enough. They have to pay for the establishment somehow and the only way to do that is to win money from gamblers. Many places will indicate what the percentage return is and it’s never 100%. It is always 95% or even much lower 85% for some casinos. The brick-and-mortar casinos typically have better odds than the online casinos. The brick-and-mortar casinos have much higher operating costs than the online the casinos do however they seem to take a smaller cut.
Online gamblers risk losing a great deal of money, since there are no balances and checks in terms of avoiding taking more money out of their bank account. At least with brick-and-mortar casinos you need to get up from the table or the slot machine to go to an ATM machine to take out more money. One trick is to set your ATM withdrawal limit to $500 per day to avoid taking out more money than you ever planned removing from your bank account. While this might be frustrating at the time, it could save you a great deal of money.
These are just a few tips and ideas in terms of how you manage online gambling. When it stops being fun, it is probably time to quit and try something else. Go for a drink, something to eat or even just a walk to change the scenery. This is one of the best ways to help you control how much you are spending at the casino.