Responsible Gaming
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It is up to you to comply with the laws of your local jurisdiction.
Below you’ll find more information about gambling motivation, where to gamble besides online, setting goals, and how to recognize problem gambling.
Gambling Motivation – Why People Gamble
Gambling, say most dictionaries, is defined by its element of risk – winning or losing. Most people don’t realize it, but getting up each morning is a gamble. You could trip on the edge of your blanket getting out of bed, fall and crack your skull, and good-bye, you!
However, the risk of such an accident happening is usually pretty low (unless you’re a real klutz, in which case, take better care of yourself!). On the other hand, gambling as a form of entertainment is a pastime that carries big risk by its very nature. Learning how to manage this element of risk is what defines a serious gambler from somebody just out for a fun night.
Most people think a casino is the only place to gamble, but they’re stymied by their own narrow thinking. Investors gamble when they buy stocks, Racers gamble when they get on a horse, or fire up their Formula 1 racing cars. All of life, and all pursuits in life, involve some risk. People still gamble, however, because they believe the risk to be worth the reward. They believe they’ll come out ahead in the end. That’s the motivation behind gambling.
The amount of risk we’re willing to undertake varies with the potential reward; We’ll chance more risk for a bigger reward. Jumping out of an airplane (with a parachute, that is) is an example, a dangerous activity that not many are willing to try. But if someone offered you one million dollars, you might give parachute jumping or skydiving a little more thought. The extra reward makes taking the chance a little more worthwhile.
Once you recognize the inherent risks of living, you realize that games of chance and skill aren’t much different from life’s everyday gambles. Gambling in a casino provides the opportunity for big rewards, risking only money set aside for entertainment. This risk, however, can be assessed logically: anything from a fun night out to a multimillion-dollar jackpot is the potential reward, while your risk comes in the amount of money you’re willing to wager on any given game. The odds equate to the amount of uncertainty involved with each game.
If your goal is to become an expert gambler, whether or not your earn your living this way, one of the most important lessons is to learn the difference between games of skill and games of chance. Gambling’s biggest payoffs are found in games of skill. Thus if you want to win big bucks, you have to learn the necessary skills.
Whenever you take a risk, it’s essential to gather all the information you can, and gambling is no different. To make the most of any gambling experience, you should first know how much you’re willing to spend, and what the chances of a big reward are before you lay down your bet. The goal of these articles is to help you understand the odds and the potential payoff of each game. As mentioned earlier, the first step is understanding the difference between games of chance and games of skill.
The way players place their bets is called a betting strategy. Casinos will usually place restrictions on how much or how little a player may bet for any given game, known as “house limits.” Slot machines even offer a choice, allowing you to play with one, two, three coins, or even more!
Knowing when to bet is crucial. Perhaps the best betting strategy involves lowering your bet when you’re losing (a status gamblers call “cold”), and raising your bet when you’re mostly winning, (the status that gamblers call “hot”). However, not many people are able to remain aware of their actions enough to know if they’re hot or cold. Recognizing and applying that knowledge is necessary to forming a winning betting strategy.
Your rate of return is important to a successful betting strategy. To determine your rate of return, simply divide the money you win by the amount you bet. You have an edge over the casino if your rate of return is positive, while a negative return means the edge belongs to the casino. In an effort to increase rates of return, several different betting strategies have been created for various games of chance. Unfortunately, most of them don’t work. Only certain games of skill, like blackjack, have betting strategies that can offer more of an edge while playing.
Where to Gamble Besides the Internet
There are 48 states in the United States with some form of legalized gambling. Two of the biggest centers for casino gambling are Las Vegas, Nevada,and Atlantic City, New Jersey. Las Vegas and Atlantic City can be considered the safest places to gamble because the industry in these sites is heavily regulated and organized. This helps provide honest gaming, and prevents cheating, making them literally your best bet for safe, successful gambling.
Over the past decade or so, riverboat gambling has become legal along the Mississippi River. Consequently riverside towns often have erected riverboat casinos, most usually operated by local or state governments. Some of these riverboat centers are found in Biloxi and Tunica, Mississippi, as well as Shreveport and New Orleans, Louisiana.
Native American casinos are another option. Hundreds of these stand-alone casinos have appeared in the last several years on tribal lands. A Native American casino, however, has no state or local government regulation or oversight to protect individual players. Native American tribes are self-governing sovereign nations according to their treaties with the U.S. government. This means that players must abide by the laws set forth by the Native American tribe that owns the casino. If something goes wrong, the player’s only recourse is to appeal to the casino management, or sometimes to the tribe’s governing council.
It’s a good idea to check the casino rules if you intend to play in other states or internationally before you start gambling. Any casino personnel or game dealer should be able to provide the house rules for any game you want to play. Occasionally the rules for a game will be printed on a sign at the gaming table, or on the table itself. Never hesitate to ask a casino employee if you have any doubts about the rules! You’d be a fool to play a game where you don’t know the rules, and we all remember that fools and their money are soon parted!
Every day, more and more players are gambling online for real money. If you are interested in online gambling, be sure to use a reliable website like RealMoneyGamblingOnline.com to find safe online gambling sites.
Set Gambling Goals
Setting realistic goals is perhaps the most important first step to recreational gambling. Set monetary limits, and walk away when you reach them, keeping in mind you played for enjoyment. You’ll set a dangerous precedent for yourself by exceeding your monetary limit. At that point, gambling can begin transforming from a good time to a problem. Keep to your monetary and time limits and have fun!
Beware of Problem Gambling
Gambling problems don’t start with losing. In fact, more often it’s winning a game of chance or skill that creates a compulsive gambler. Winning is sometimes so enticing that gamblers will wager more and more to achieve the thrill of victory, eventually risking everything in pursuit of a win.
All recreational players need to be aware of this serious downside associated with gambling. Succeeding at games of chance and skill can be thrilling fun and make for an exciting evening, but it’s important to remember it’s still a serious game. People play for money, which can lead to definite real-life consequences.
The best way to avoid the trap of gambling addiction is to know and heed your own limits. If you feel the temptation to play beyond the monetary or time limit you’ve set, resist it. The best thing to do is get up and leave the table, or even leave the casino altogether.
Gambling can be fun, but you don’t want your gaming to leave the realm of entertainment and become an addiction. Gamblers Anonymous is an excellent organization, offering help to you, or anyone you know, should gambling become a problem. Patterned after Alcoholics Anonymous, Gamblers Anonymous is set up in similar 12-step program. The desire to stop gambling is the only membership requirement. Local chapters for Gamblers Anonymous can be found in your local phone directory, or at the Gamblers Anonymous website.
