Online gambling can be extremely fun to play, however, it can also be a pretty expensive hobby if you let it get out of control.
Luckily, there are a few things you can do to ensure that this doesn’t happen. Take a look at our tips to control you gambling spending below.
One of the best things you can do when it comes to online gambling is imposing time-based restrictions on yourself. For example, one way of doing this is telling yourself that you can only gamble for an hour at a time per day, and you should set a timer on your smartphone. When that timer’s up, you have to finish your current game, log out, and exit your computer’s browser.
Limiting how much you play at a time will benefit you greatly as it will prevent you from spending too much and it can also prevent you from getting frustrated over losses, potentially causing you to spend more to try and make more wins.
Another way of doing this is limiting your gambling to select days, preventing you from gambling frequently. While it may be boring scheduling some gambling time every week, it may help a lot when it comes to spending money.
Keep track of your spending
Another great way of keeping your gambling spending under control is by keeping track. When doing this, you should always make a note of your deposits so you know exactly how much you’re paying out. As this adds up, it may force you to take some time away from gambling or will help keep you focused on not overspending. Another great suggestion is to keep track of your losses too so you can see the difference between your losses and wins when gambling online. If you play at casino sites with high return rates, you might find that your losses are lower over time than elsewhere.
Setting money aside
Another great way of regulating your gambling spending is by setting a lump sum of money aside specifically for gambling. This is a great way of regulating your spending as you can prohibit yourself from spending more than the money you’ve set aside for each month. Doing this will also help you budget your money for other things for the month including food, bills, rent, and more.
Use in-casino tools
Most online casinos now allow you to impose restrictions on your account to prevent you from overspending. For example, many online casinos like Videoslots now allow you to set daily, weekly or monthly deposit and loss limits. Whenever you reach any of these limits, you will receive a notification and will be prohibited from playing until your select time period is up. Some online casinos even display a timer detailing how long you’ve been playing since logging in, a perfect way of keeping track of your time when gambling online.
These are just some of our tips for regulating your spending while gambling online. While most depend on you having self-control and following your own rules, our final tip suggests using tools readily-available at online casinos and we couldn’t recommend these services more as they’re a great way of keeping control. If you are an avid gambler, we suggest you try some of these – they’ll help!