Lost Money At Casino

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Accept That You Have a Problem. You need to accept the fact that there’s a problem. Sure, it happens all the time. She and I went to the casino that day and banned myself for 5 years. When I got back to my city I went right back to the casino and started Gambling more all week, I had lost another 4-5000$ and when I went into work my manager saw I how to recover lost money in casino was gaming club online casino.

One of the most common searches on the internet is: “I lost all my money gambling – What do I do?” Trust us when we tell you this: You are not alone.

Gambling addiction is a problem you can solve.

How to gamble at a casino without losing a lot of money. I love to gamble. It might seem strange for a guy that writes two articles a week about how frugal I am to visit a casino, because it really isn’t a very. It seems that gamblers suing the casinos is becoming a trend. And responsinsiblr gambling rules are on their side. See for example these two cases: Asian gambler tries to recover 2 million dollars from the Ritz Club casino; Intoxicated gamblers demands his money.

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Lost Money At Casino

There are plenty of gamblers who have lost it all because of their addiction. This is a serious problem, which has seen thousands of people completely ruin their lives. It can happen to anybody belonging to any walk of life.

Gambling habit can start off as a harmless diversion for anyone. You never know when it will become an unhealthy obsession with huge consequences. It hits you from out of nowhere.

If you’ve hit rock bottom, stop thinking about the negativity. It is time to take matters into your own hands.

In order to resolve any problem, you need to first understand it. Crying over how “gambling ruined my life” will never help. You need to understand the full extent of this dangerous addiction so that you can fight it.

Contents

  • 4. Make it Impossible to Gamble
  • 5. Look for Alternatives to Gambling

What is Gambling Addiction?

Understanding gambling addiction can help gamblers regain control of their life. It will also help people close to them get a better perspective on the situation and help them out. Gambling addiction is an impulse-control disorder.

If you are a compulsive gambler, you find it hard to control your impulses to gamble, no matter how bad the consequences may be. It is almost like nothing really matters to you.

A lot of people see themselves betting on one thing after another knowing that the odds are not in their favor or if they cannot afford to lose. This addiction is actually related to different mood or behavior disorders.

Many gamblers also suffer from substance abuse, bipolar disorder, anxiety, ADHD or depression. In order to overcome your gambling addiction, you need to work on the underlying reasons so you have a fighting chance.

Here are the steps you should follow in order to overcome your gambling addiction. For friends and family members of compulsive gamblers, you should use this information to help them on their road to recovery.

1. Accept That You Have a Problem

You need to accept the fact that there’s a problem. For those who have hit rock bottom, it’s obvious. You have lost all of the money you worked so hard to earn. What more do you need?

Those who have not hit rock bottom yet, you do not want to wait for the day you go home and say “I’ve lost all my money at the casino” to realize that you have a serious problem.

Just take a deep breath and reflect on yourself. Look for the signs of a gambling addiction problem. Do you feel the need to be secretive about your gambling?

A prominent sign of a gambling problem is that you gamble till you lose all your money and then you want to gamble even when you’ve lost your last dollar. You’ll feel like doing anything to get more gambling money.

And the last sign that confirms the problem is that you have trouble walking away from gambling. Once you start, how easy is it for you to walk away no matter how good or bad your odds of winning are?

Seeing these signs and actually acknowledging that you have a problem is the most important step. Friends and family members need to help their loved ones with a gambling problem recognize these signs if they can’t on their own.

Read more about gambling addiction: how to get help for gambling addiction, how to stop gambling and save money, gambling addiction treatment plan, how to stop gambling forever, and gambling addiction symptoms.

2. Self-Help for Gambling Problems

Acknowledging that you have a gambling problem is tough. It is important to recognize that as miserable as it can make you feel, there is hope. Remember the fact that you shouldn’t try and overcome it alone. It’s too tough.

First of all, you need to learn how to relieve the unpleasant feelings you have in a more proactive way. Majority of people gamble when they’re lonely, bored or when they are stressed out. Look for healthier distractions.

Instead of using gambling as a distraction, find better and healthier ways to manage your mood. Try exercising, spending time with friends who don’t gamble or perhaps even taking up yoga. The important thing is to stay away from gambling.

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Perhaps your gambling problem derives from mood disorders. Substance abuse, depression, bipolar disorder or anxiety are some of the things that can both provide the initial trigger for gambling and even make it worse. It’s very important to address them.

Joining a 12-step Gamblers Anonymous group recovery program can help. It is a program planned following the effective Alcoholics Anonymous program to help gambling addicts. Finding strength in numbers and support from others is the best way to recover.

Ask yourself something: will a casino give you your money back? No. They are places designed to make you think you have a chance of winning but in the end, the casino makes the money and gamblers always lose.

3. Stay In Recovery

For a lot of gamblers, it is not quitting that is the problem. In fact, the biggest challenge for most gamblers is to successfully stay in recovery after they quit. Committing to the decision to stop gambling is very hard.

A lot of former gamblers find themselves feeling that they can probably make up for everything they have lost by chasing losses. Gambling is a lot more accessible now because of online gambling.

Maintaining recovery is still possible if you surround yourself with people whom you are responsible for. Avoid being in environments that can tempt you to think all those negative thoughts again. Find healthier ways to substitute gambling in your life.

4. Make it Impossible to Gamble

One way to stop gambling and stay away from it for good is to remove the things which allow you to gamble again. Replace them with something else. Here are the three important elements needed for a person to gamble:

Money

Make someone else responsible for your money. Give your credit cards to someone you can trust and someone who is invested in helping you stop gambling. It helps to not have access to the money to gamble away.

Time

If you do not have the time, you will not even be able to resort to online gambling. Schedule things to do in your free time and stick to the schedule so you don’t get time to gamble.

Game

If there is no game or any kind of activity for you to bet on, there’s no opportunity for you to even think about gambling. Remove yourself from any tempting environments.

5. Look for Alternatives to Gambling

A lot of the battle against gambling addiction is about maintaining your distance from the habit. Remember that you do not want to be the person who was known to say “I lost all my life savings” because of gambling.

Here are some alternatives that you can schedule for yourself in order to replace the gambling habit. These are recommended activities you can do based on the possible reason for your gambling habits and triggers. Now let’s go through them.

Rush of adrenaline

Take up a new sport. It should be something challenging. Maybe take up mountain biking, hiking or rock climbing. They’re all activities that give you a rush of adrenaline. You won’t have to rely on gambling.

Boredom or loneliness

Find something that you are really invested in. Sports, art, reading or music are good options. Look for other people with the same interests and start hanging out with them. It will be a good distraction.

Unpleasant feelings

If you’re plagued by a mood disorder or unhealthy thoughts and they trigger your gambling problem, the best thing you can do is to seek professional counsel. Try going to a therapist. It will really help.

Interacting with people

If you gamble to meet and interact with new people, discuss this with your family. Try and meet new people through them and increase your communication with your family. Join a social group.

6. Fight Cravings

Gambling cravings will come and hit you out of nowhere. If you have not lost everything to gambling, do not give yourself the opportunity to do so. If you have lost everything, fight the urge to gamble again.

Look to your friends and family for help whenever you crave gambling. Isolating yourself will never help. Call a friend over, go out for a coffee or perhaps even go to a Gamblers anonymous meeting that is happening near you.

Remember that if you are not able to deal with the cravings and you experience a relapse, you should not be too hard on yourself. Do not make a relapse an excuse to give up. Everybody slips up.

Be kind to yourself. If the gambling addiction is getting really bad, try getting into a recovery program. Every gambler’s addiction is unique. Getting into a program will provide you a solution made for you. Remember to hang in there.

How to gamble at a casino without losing a lot of money

I love to gamble. It might seem strange for a guy that writes two articles a week about how frugal I am to visit a casino, because it really isn’t a very wise investment, but it isn’t as strange as it seems. Most gambling games are nothing but math and statistics, so I am attracted to it. Even if you aren’t as into stats as I am, the occasional win is very exciting, and it is fun to fantasize about what you would do if you won big.

Now we all know that you are probably going to lose, but if you play smart you should be able to spend less money gambling than you would on a show, and have more fun for that money. Here’s how:

Pick the right game

The key statistic to determine how much you are likely to lose is called the payback percentage. Blackjack has a payback percentage of 98.5% whenyou play with the basic strategy, which means if you bet $100 over many hands you are likely to win $98.50 back and only lose about $1.50. That’s not horribly expensive entertainment, is it? Here are some other good choices:

Game Payback percentage
Blackjack 99.25%
Craps (basic bet) 98.6%
Pai Gow Poker 97.5%
Roulette (red or black) 94.7%
Video poker varies machine to machine
Lost Money At Casino

All of these games have payback percentages much higher than slot machines which are as low as 80%. The worst gamble you can make by the way is the lottery which is usually less than 50%. That is why it is illegal for anybody except the government to run a lottery.

Play low limits

Since you know you are probably going to lose more than you win, it’s a good idea to gamble as little as possible to reduce the size of those losses. To do that look for table games that have the lowest minimum bet, and make sure you don’t bet more than that minimum.

On many table games you will have an option to bet on some kind of bonus that pays extra if certain conditions are met. Never play these bonuses, they are for suckers and have lousy payback percentages. You will probably find that sooner or later you hit whatever combination it takes to get paid the bonus. When this happens people sitting at the table who are bad at math will point out that you made a mistake by not playing the bonus because you could have won a lot of money. Ignore these people and remind yourself that you would lose a lot more than you would win in the long run.

So where do you find the lowest table minimums? The short answer is Downtown. The long answer is that they vary from casino to casino. You can search on cheapovegas.com to find the lowest minimums.

So what do you do if you don’t know how to play table games but want to gamble? You play really low limit slot machines. If you are playing for a nickel per pull you will know you are likely to lose a good percentage of the nickels you put into a machine, but it takes a lot of nickels for it to add up enough to matter.

Know the game

For heavens sake, don’t bet real money on a game that you don’t know how to play. The last time I played black jack I found myself sitting next to a very nice couple who were making very bad decisions that lead to them losing many hands they should have been winning. I don’t normally like to bother people, but I was horrified that these nice people were losing money they shouldn’t have been, so I finally asked if they wanted some advice. They welcomed my advice, so I spent a few minutes teaching them basic strategy, and before long they were winning almost as much as they were losing.

So before you play a game for money, at least know how to play it. All you have to do is a google search along the lines of ” How do I play __________”

So how much does gambling cost?

If you follow these 3 basic rules: Pick games with low house advantages, bet small amounts of money, and know how to play the games you can limit your losses. So how much does it really cost to gamble on average? Less than you might think. The table below shows how many wagers per hour you might expect to play, how much you would expect to wager in an hour if you are betting $5 per hand, and how much you would expect to lose in an hour. Keep in mind this is only an average and can vary wildly. In actual practice there are times when you will win quite a bit in an hour, and times when you will lose quite a bit.

BlackjackCrapsPai Gow Poker
Avg loss per hand704834
$ wagered per hour at $5/ hand$350$240$170
$ won back per hour $347.38$237.64$165.75
$ lost per hour$2.63$3.36$4.25

Is that less than you thought? Yeah, it’s really pretty cheap entertainment on average. It’s pretty obvious that those huge Las Vegas Casinos weren’t payed for by people paying $2.63/ hour to gamble. They were paid for by people dumb enough to think they could win, people who didn’t know what they were doing, or people that didn’t care how much they lost. If you play smart, you can get your money’s worth.

Disclaimer:All the numbers that appear in this article are averages. At times they will be much, much worse. Gambling is not a wise financial decision and you should never gamble more than you can afford to lose. You gamble at your own risk and artofbeingcheap.com assumes no responsiblity for the advice given in this or any other article.

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