Gamble wisely without losing it all

by Kristina on December 23, 2013 · 2 comments

Good morning Dinks.  I am not sure if you know this about me, but I love to gamble.  But because I am a huge control freak and a former spend-a-holic I don’t do it very often, however when I do gamble I always have a good time.  I don’t gamble for the same reasons why I don’t drink alcohol – I don’t want to form bad habits, especially the ones that are hard to break.  I know a lot of people don’t like to gamble because they think it’s a waste of money, but that doesn’t have to be true.

Earlier this year I spent a week in Las Vegas and I had a blast. Surprisingly enough I spent more money shopping than I did on gambling.  That’s because I love the experience of being in a casino more than I love wasting money.  Of course there is always the little part of me at the craps table or the black jack table that says bet more and win more – but that is just a myth.

The key to winning while gambling is to have a strategy and most of all just have fun.  If you walk away from the table and have no regrets then you had fun, if you win money it’s that much better.  I think we can all agree that losing money is not fun – so the key to having fun while gambling is not to lose.  I also want to mention that I saw Dennis Rodman at Planet Hollywood while in Las Vegas and he is surprisingly really handsome when he dresses like a man.

3 tips to help you enjoy gambling without losing a ton of money:

1. Place your bets wisely.  If you limit your betting you won’t be able to lose all your money.  This is absolutely my number one rule when gambling I bring a limited amount of cash and I never hit up the ATM.  If I win I am happy and if I lose it at least I had a good time.  I could make $40 last an entire night at the craps table because I am mostly there for the ambiance; the winning is just an added bonus.

2. Save your winnings on the side.  My second biggest winning strategy is to never bet money from my winnings.  I keep my winnings from the black jack table in a separate pile from my original gambling money.  This helps me always walk away from the table with some money in my pocket.

3. Learn a bit about the rules.  Some people think that gambling is just about luck.  Although luck has a little something to do with it so does strategy.  Knowing the rules – at least the basics – will help you find a betting strategy, avoid making bets that have no chance of winning and hopefully lose less money.  I can’t count the number of times I’ve been at the craps table with people who don’t know what they are doing, and that’s OK because that was me many years ago.  However, the experience is better and your money will last a bit longer if you know a little bit about the game you are playing.

Photo by TravisIsaacs

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{ 2 comments… read them below or add one }

1 Jen @ Frugal Rules December 24, 2013 at 5:05 am

Hmm..definitely food for thought. I though gambling is nothing but all negative. I don’t play any of the games mentioned nor do I go to casinos. But in the event that I do, I’ll keep what you said in mind and play it smart.

2 Tim December 26, 2013 at 5:50 pm

Every gambler has a strategy, that’s why there are so many broke gamblers.

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