How to Gamble Online and Stick to a Budget

Online gambling is a fun activity for many people, but it can become a problem if you spend -- and lose -- too much money. Unless you are a professional gambler or are extremely skilled at a particular game, chances are you are going to come out on the short end. That's OK, and you can consider gambling a form of entertainment. But to do it responsibly, you have to stay within your budget.  

Set a budget and stick to it 

The easiest way to stay within a budget when gambling online is to set a budget and be religious about sticking to it. For example, you might decide you are going to spend no more than $10 a day or $50 a week when gambling online. Usually, you would set this as the amount you are willing to lose. If you spend $10 and lose it, be done for the day, even if you have only gambled for a few minutes. On the other hand, if you win money, you spend a bit more because you are looking at your spending as losses. 

Avoid automatic funding of gambling accounts 

It's easier to stick to an online gambling budget if you have to manually fund an account. If possible, do not link a bank account or credit card account to your online gambling account. A pay-as-you-go strategy will make it harder to overspend and easier to stick to a budget. 

The key to gambling online on a budget is to treat it as fun entertainment. Once your money has been exhausted, your entertainment is over, and it's time to log off. 

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