My own "Responsible Gambling" rules

[SlotMonster]

Hello, everyone!
As you know, I wasn’t very active poster here at CasinoMeister. Sometimes it’s because I’m just have nothing to say, because all necessary things were previously voiced, sometimes because of my bad English, therefore I was unable to say right things correctly. Sometimes I was just overloaded with my work and only from time to time visited this forum to read new threads/posts.
I think I won’t say anything new if I say that we have great community here at CasinoMeister. And it’s always pleasure for me to read this forum, communicate with other members, discussing problems and issues relating to online-casinos and online gambling. And I really hope that I wrote something which was useful for you.
What I’m going to tell you today is my own “Responsible Gambling” rules. Maybe it sounds too grandiloquently, but it helps me to win and keep my winnings, and not to give it back to casinos. I always follow these rules, and it works! At least it helps me not to lose more than I was ready to lose. And I truly hope it will help you maybe not to win, but at least keep your winnings or not to lose more. Well, let’s start.
1. Define how much you can spend on online-gambling. You know, that you cannot lose more than you have…well, you can, if you borrow some money from your friends, relatives, etc. But in this case you will have to repay them. So just sit down, calculate your weekly/monthly/yearly revenue and define how much you can spend on casinos without falling into financial difficulties (unable to pay bills, buy food, clothes, etc.). Write this sum down, and follow it! For example, I can spend 2000$ every month on online-casinos without any problems. If I’m going to play once a day, I just divide 2000$/30, so I can spend approx. 67$ a day. If I missed one day, I can play 2x67$ next day. If I’m going to play once a week, I can spend 500$/week, and so on.
2. Define your stop-loss cap. If you already defined how much you can spend on gambling, now it’s time to define your stop-loss cap. Actually, the sum you can spend every day or week – it’s you stop-loss cap. Do not deposit more than once (well, actually you can, but ONLY if you deposit in two different casinos, or deposit ½ of the sum every time! In this case just split your money.). But sometimes you may lose your temper, because there were no bonus games, or no free spins, or you lost your money too quickly. And you deposit again, and sometimes again, and again, and again! And you lose again, and again and again! So follow this rule: if you lost – you lost! You were ready to lose it! Game over!
3. Define your stop-win cap. Wow! Congrats! You won something over your deposit! So now it’s time to cash out! Do it! And do it NOW! But if you too greedy, you can lose all your winnings + your original deposit! And it’s often happens. I agree, sometimes you may think that you won not enough to make a cash out, and it’s true, because I’m not telling you “If you won some – make cash out”, I’m just trying to say to you “If you won as much as you have planned – take money and run!” As for me, if I deposit 100$ - I will cash out, if I win 150$ or more. Maybe I will lose it all, bit if I win – I will save my deposit and winnings!
4. Find another hobby. Sometimes you may catch a down-streak. You deposit – you lose, you deposit – you lose. And it never ends. And if it happened – turn to another hobby. There is so many interesting things in the world! Travelling, sport, movies, music, etc, etc, etc… Don’t limit your curiosity!
5. Do not forget about your family and friends. If you are passionate gambler, you may forget about this very important part of your life, because all your thoughts are about gambling! Don’t do that! Spend as much time as you can with your wife/husband or girlfriend/boyfriend, parents, friends! Otherwise you may stay alone…
6. If you win – buy something valuable. O.K., you got some money from casino(s). What players usually do? Yes, they are almost always think “Wow, lucky me, let’s try another time, or another casino!” Don’t do that! If you won something – buy something! It’s a great idea! Especially if you are going to buy something for someone who is dear to you! You will see – it will be very appreciated!
7. “It’s just money”. If you lost your money - do not mourn for it! It’s just money! You were ready to lose and you lost it! See p.4 and p.5 if you don’t know what to do if you lost your money.

It was a long post, but finally I managed to finish it. Hope it will help you! Good luck with your play!

[solarrocker]

We all play with our own rules, but agree with pretty much everything written down. Specially about don't forget those around you.

[BingoT]

Originally Posted by SlotMonster

5. Do not forget about your family and friends. If you are passionate gambler, you may forget about this very important part of your life, because all your thoughts are about gambling! Don’t do that! Spend as much time as you can with your wife/husband or girlfriend/boyfriend, parents, friends! Otherwise you may stay alone…

Great points my friend.
Always remember your Children for the future because we all know this World is changing each day & it's harder for them to save.
And we have to save some money so we can all go to SlotMonster's Wedding

[babs7262]

Excellent Post Slotmonster!

I actually went over this with my brother lol. He knows I love this hobby but also knows I need a budget. Thats why my rolling is so low. This is what I do.

Rich is a roofer so my budget changes every week. For the most part, I keep my budget at around $300 a month in deposits. That is $10 a day at 3dice and if Rich has in extra hours, I put some in on RTG or MG. That is why I use to gamble at Inet, because you can deposit as little as $2 (I do $5-$10)

If I get to $80, I cash out $50 of it and have fun with remaining $30 by either staying at 3 dice or QTing it and use some of it at the RTG/MG. If I win more than $150-$200 I keep $40 or $50 of it and transfer some over. But Im pretty much a stickler that I must cashout $50 if I win $80 or more. Less, if I had no cashouts that week THere have been times where Ill deposit my $10 and be on a roll and not have to dep for 4 days, if that's the case, Ill use the money I didnt have to deposit to go out for dinner.

Now, If Im on a losing streak at the same time Rich doesnt have the extra hours, I put myself on a limit dep. Like right now lol. I can only dep $50 a week for the past 2 weeks. Thats going to be lifted today or tomorrow because of winning and extra income coming in this weekend. I have to do this because I know myself and will try to chase those losses. In that case, I do the free tournies and hope to win some to go to real, if not, I just wait for time to pass like TODAY!! yipeee..I can dep today. finally!

[Jasminebed]

Slotmonster, you said it well. I do a good job on all these points except maybe #3. And even there, I do manage to cash out from time to time, it's just that my win expectations are high. But when I do cash out, it's usually big enough to do something with.

[SlotMonster]

Originally Posted by Jasminebed

Slotmonster, you said it well. I do a good job on all these points except maybe #3. And even there, I do manage to cash out from time to time, it's just that my win expectations are high. But when I do cash out, it's usually big enough to do something with.

Well, for me #3 is the most difficult rule to follow Sometimes it's very hard to say yourself "Stop!" and make a cashout. I often imagine what I will buy for my relatives or for future Mrs. SlotMonster, and it usually helps
Glad for you that you at least "manage" to cashout from time to time

[oyw7862]

good tips, but the hard thing is to follow them.
Nowadays, if I lost alot, I should be the person being blamed of not casinos.
sadly but too true.

[handkey]

Excellent Words!

Especially the rule #5,

We are human for life, but not the slave of gaming.

[catrina m]

Originally Posted by SlotMonster

It was a long post, but finally I managed to finish it. Hope it will help you! Good luck with your play!

Excellent!

[Simmo!]

Originally Posted by SlotMonster

Well, for me #3 is the most difficult rule to follow Sometimes it's very hard to say yourself "Stop!" and make a cashout.

Here's a tip.

1) Play at a casino where cashouts aren't reversible (harder to find one for Americans although you can get some that Flush on request quickly - for Brits and Europeans there is loads of choice).

2) When you hit a decent win, walk away from your PC for 10 minutes (Smoke, bevvy, make the bed, anything!) and think about what you could do with the money if you cashed out.

3) When you return, cashout a wedge of money leaving some to play with possibly.

I find the short break thinking about what you could do with the money works wonders.

Cheers

Simmo!