Place a limit on the money is you can afford to lose. Set aside this amount of money in advance. When you do this, you won’t lose track of how much you’ve lost and will be able to control what you have.The last thinking you want to do is start taking money from a savings account or other place you have. Only gamble money that you can afford to lose, meaning if you lost that amount of money, your financial situation would still be secure. You must pace yourself. Don’t bet all your money at
once, this is very dangerous as the odds are always in favor of the house. Let’s say you put aside $100 to gamble with. Of that $50 place little bets such as $1 or $2 in a single bet. Just imagine if you lost the entire $50 dollars on one single of bet, you can be forced to quit so soon. Peace your self, there is don't rush.
Another important aspect of money management and be-ing wise about money is to NEVER borrow friends money. This is not relative and even if your mind want get that money back on the next bet, don’t do it. This is a horrible habit to start. You can handle it lose control and spiral into a pile of debt. This where is it changes from joy to suffering. Take what I’m saying very seriously. Some of you reading this get probably borrowed small or much amounts from a best friend or family member in the past, and everything turned out great and if you can get bring back the money back. Great, I’m glad for you. However, don’t do it anymore. It just isn’t a well your habit to get in to. Thinking again for a moment about what you would do if borrowed money from a friend and got losing streak at casino. You got deeper and deeper into debt. Maybe your friend doesn't need money right away, but what if he comes to you and says he needs money issues this month and needs the money you borrowed right away? What would you say?It’s not a good situation to be in if you get lose streak casino. believe me, I’ve been the friend who has lent the money and it can ultimately destroy a kind friendship or any sort of relationship you have with your friend person. Do not re-stake for extra cash gambling. Just take my advice and never borrow money with your friend if you get streak of lose.
Since we are speaking about money risk management, it just as important to manage your money properly just as much as it is to quit. I always say to quit after you get big win. It may seem like you are in the middle of a lucky streak, but on the online gambling, that streak can end quite suddenly. It is tempting to keep betting as you think of all the money rolling in however this is better known as greed. Greed is a nasty thing, especially when in to the context of gambling. The reason I say because it can be very dangerous, especially to a new, inexperienced gambler. Another condition you can find yourself in is when you has been winning and when the next round rolls losing. There are quite a more people out there that become adamant about winning that money back. They begin to go after their loss trying to win it back as they keep betting to win. This is very bad rationale as you will probably continue to lose even more money. Just remember to manage your money wisely and only play when you mind to clearly about the bets you place.
