If you chose to gamble, you must realize that like everything else in life, it’s going to have a cost. While everyone loves to win, the reality is that you probably aren’t going to. So, the real question is, how much are you willing to lose?
You see, if gambling is your entertainment, then the money you lose is part of your entertainment expense on your budget. Thinking of it that way, it’s easy to rationalize the money you are spending. Not only that, but it gives you the ability to determine limits; specifically, limits on how much you’ll allow yourself to lose, before you call it quits.
I’ll say it again; you’ve got to start out with the question, “How much can I afford to lose?” That’s the real key. If you don’t ask yourself that question, then you’re likely to lose more than you can afford. It’s easy to get into that trap. You can think, “Oh, just one more hand and I’ll win it back.” Or, “I can gamble this money, then pay the bills with my winnings.” Be careful about that, you can’t be sure that you’ll have winnings to pay the bills with.
People who are convinced they are going to win are on the road to gambling addiction. They’ve just got to keep on going till they get it back; only, they really don’t get it back. They gamble until they lose it all, then they are forced to quit. Worse than that, then they are forced to face the fact that they don’t have the money for their other needs. That’s bad enough when one is single, but worse when it affects your family.
Keeping gambling as entertainment keeps it light, fun, and most of all non-addictive. It’s only when you get that attitude of having to win that you are in trouble. Don’t think that you are smarter than the game, because the truth is, nobody is.