Quitting While You Are Ahead When Gambling
Gambling, whether online or the traditional form, is one of the favorite past times among millions of people all over the world. However, because it involves money and the risk of addiction, many fall victim and suffer financial loss and ruin when abused. Mostly this comes when a player does not plan ahead and stick to self-made rules when playing. Knowing a few critical facts and some much-needed preparation before engaging in these activities will help you master the art of knowing when to quit when online gambling.
Why?
Why should you quit while you are ahead especially when gambling? It does not matter what game you are playing, whether poker or Judi Bola, it is the same. Knowing when to quit will prevent you from suffering unnecessary loss. You see, the longer you stay in the game, even if you are winning, exponentially increases your chances of losing. Having overconfidence does not help in this department either.
Setting The Limitations
Winning streaks can be the ultimate test of your will when trying to discipline yourself to quit while ahead. How much is enough? This is why it is very important to set limitations on both ends of the equation. What this means is that you must set limits on how much you can afford to lose and at the same time also set limits on how many times you should win before calling it quits. It is also a good idea to set limitations on how much you will bet every time. Being consistent on bets is one way to mitigate and avoid chasing your losses.
Brush Up On Game Knowledge
Whether you are betting online for your favorite sports or playing a casino game such as blackjack or poker, it is necessary to familiarize yourself of the game mechanics. Only by knowing these can you begin to actually strategize and from there somehow give an informed guess as to who will win and what are the odds. This goes the same with any casino game, know the rules and then strategize. Avoid playing the game that you have emotional ties to, such as one of your favorites. Play the game because it is the game that you know and therefore can be detached and think critically when making betting decisions.
Always Bet Logically
This is why it is a very bad idea to play “under the influence”. This encompasses emotional stress like being too happy or an emotional wreck because of family issues. Avoid drinking too much alcohol or any other substance that may impair your thinking and endanger your betting choices. Emotional or chemical influences on your emotions are a big no when engaged in this type of activity.