Last updated: May 11, 2010

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Tips Before Chips

Gambling is a word with a lot of meanings that varies in depth. Something as simple as casually betting for or against a certain team with your friend can already be considered as gambling. Something as major as risking your life savings on a hunch also, of course, can be called gambling.

Gambling has many forms: casinos, game stats, horse racing, etc. Research everything before you start risking your money in it. Know the rules, how it works, and you're already halfway there. Gambling after all, is 90% skills and strategy and 10% pure luck.

Don't turn into one of those people whose lives are destroyed because they put everything on the line. Don't turn into a statistic. Some people say that gambling is addictive; however, nothing can completely make you lose control if you don't allow it to. First of all, know your strengths. Before you set out to play, you have to first study the game. Understand what goes on and see how you can make the odds work to your advantage. Know yourself first and this will help you in determining which area of the casino you will most likely do well in.

In a casino setting, for example, if you are a gutsy player with good acting skills, poker might be the game for you. If you are very patient and rely more on luck, park yourself by the slot machines. If you're very good in terms of instinct, you can always try the roulette or the craps table. In a casino, there is always something for everyone.

After you've picked the medium you think best fits you, the next step is seeing that you have sufficient funds. Gamble with your own money and not someone else's. Gambling is all about making money, after all and not being in debt to someone else.

A successful gambler is someone who never puts in anything more than they can afford. Know your priorities. If you're gambling for that new gadget, stop when you know you have enough. Don't be one of those people who turn greedy and don't stop while they're on top. These people usually go home owing more than when they started.

Also, if today just isn't your day, know when to give up. Before you start, promise yourself that you'll only be putting out a certain amount of money. If you win, then good for you. If you lose, don't shell out extra cash to just stay alive. Save money for tomorrow, because it may be your lucky day.

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