How to Handle Huge Gambling Wins and Losses
If you have already lost too much in gambling and online casino games, then gambling more is not the solution to cope up with the losses. The gambling industry has made people lose a total of $117 billion in the last few years, be it legally or illegally. However, let’s not be pessimistic because the gambling industry has let out thousands of billions as a winning amount.
Many times, people win big in gambling as well. They hit the jackpot and take home a large amount of money, much more than what they have ever invested in their lifetime.
No matter if it is a huge win or loss, you will have to handle all kinds of situations when involved in gambling. The following steps will help you handle unexpected gambling situations and will assist you in moving forward.
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How to handle major gambling losses?
Re-think Your Gambling Habits
Habitual gamblers need to re-think their betting habits. They might have been losing continuously at a particular game. It might be so that they have been applying the wrong strategy all along. In such a scenario, they need to do a quick re-check.
If they choose to play another game, they should learn its strategies well. They should practice the new game until they become perfect at it. Practise along with the right strategy should help them win.
Establish Certain Goals
The gamblers need to establish a few goals so that they don’t repent later. They need to fix the number of games they will play after suffering from a loss and the number of times they will play after they win. They must make a separate account reserved for gambling. The gamblers should decide firmly that they will never withdraw funds from other accounts to gamble.
There are a few games in which people are bound to lose, no matter how well they play. It is better to avoid such games. Gamblers should also keep track of the amounts they have won or lost on some app. If they spend only the amount present in their betting account, they will lose what they can afford to. It is important to maintain a track of the games they have won or lost. Also, they need to be honest with themselves about the money they have won or lost. Often, the gamblers are in a state of denial and they continue to bet more amounts. This may cost them adversely.
Accept The Losses
Many gamblers blame themselves for the losses. They consider themselves personally responsible for the loss and at times they deem themselves as unlucky. As luck would have it, a few players cannot play some games well, no matter how hard they try.
So, they should remain calm in such situations. It is the need of the hour to accept the losses reasonably. If they accept their losses calmly, they will find it easier to handle victories and losses.
Take A Break
It is natural for gamblers to get demotivated by continuous losses. In case a gambler suffers mounting losses, it is important to take a break. It will be a folly to gamble more to cover up the losses. While they take a break from gambling, the gamblers may join a cricket club. Alternatively, a walking or mountaineering club is also helpful. Intense physical activity may often be the perfect distraction from gambling. Gambling provides a rush of adrenaline. So, these intense physical games replace excitement.
Other activities such as gardening or reading may not provide the rush of adrenaline. However, they are major sources of distraction. They keep away the minds of people from betting. They are too occupied to think about betting. Otherwise, if they sit around at home, doing nothing, their craving for betting will increase.
Seek Professional Help
Many people are addicted to gambling. Gambling addiction is a serious problem. Such betting addicts need professional help for de-addiction. Many agencies provide suggestions on how to clear the debts that betting addicts have incurred. Such agencies also help in creating a plan to get rid of betting addiction. A few betting addicts may get rid of the addiction themselves. Others require professional help. Many areas have counselling groups to help people get out of their betting addiction.
How to handle major gambling wins?
Many people become gambling addicts because they win too many games. Let us learn a few steps to handle the symptoms associated with major gambling wins
Don’t Be Overconfident
Many people become overconfident about their frequent gambling victories. It is wise not to be so overconfident about gambling wins. As a popular proverb goes, “Pride comes before a fall.” People who are so confident about their gambling victories do not play carefully. This lack of dedication and surge of overconfidence makes them lose many bets. Also, gambling may lure people into debts. No matter how many times you win, you should not incur debts to play more games.
People should have control over themselves and set rules on how they should not play more than a particular number of games. No matter how many games they win, they should not play beyond the determined number. Their victory may not tempt them into playing so many games that they put their earnings at risk.
It is easy to get carried away by gambling addiction. Habitual gamblers have been known to ruin themselves financially. The lure of betting is so great that they forget they forget about paying medical bills or saving up for some emergency. So, the steps discussed above are meant to help people overcome this addiction. A few games on and off may be a source of entertainment. However, betting addiction may contribute to poverty. Our mission is to prevent such a destiny.