How to Stop Losing Money Gambling and Winning More

We all like the excitement of going to the casino and having a chance to win thousands of dollars. However, typically, we are not always fortunate enough to win big. On the other hand, you do not need to always lose either. The way you stop losing money at gambling is to stop gambling or set lower winning thresholds.

A Normal Gambling Loss Scenario

It’s a cool feeling to think about and hope for a big win at the casino so you can have some extra cash and a fun story to tell. But, as you know, it normally does not end that way. We play games until we lose nearly everything we put down. You might get some small wins, with a little back and forth but it normally ends the same. You take the small wins and give them back to the casino.

Does it go something like that for you? If so, now that we both understand what happens. Let’s go over how we can make some changes to create a better casino experience.

Setting Winning Thresholds to Win More

One way you can lose less at a casino is to set more realistic winning expectations. For example, instead of going to the casino and hoping to win a life-changing amount of money or even one-thousand dollars, how about expecting to win something more comparable to what you risk.

For example, if you’re risking $100, instead of hoping to win $1,000 in return, how about 110 or 120? Although an extra $10 or $20 dollars will not make a significant difference in your bank account, it will allow you to walk away with a win! If you’ve been to the casino several times and feel like you always lose. Try this strategy of looking for a realistic smaller wins instead of hoping for big wins.

What’s great about this strategy is, it works for any game. You only have to commit to a winning limit. Using the example above, if you ever hit $120.00, you win! The reason you lost at the casino before is because you did not have a real winning scenario. The goal should be to appreciate walking away with more than what you came in with; if only by a small amount.

Having a Spending Plan to Cap Losses

The second way you can stop losing at the casino is to set a strict spending limit. Let’s be honest, sometimes you can go to a game and have an unfortunate losing streak. Moreover, you can have a large loss in one play. To help minimize the loss, we will use a spending limit.

To use a spending limit, set a strict limit on how much you will bet at the casino. For example, you could take out $100 cash any only use that money to play. If you ever reach $0, the gambling is over and you take that controlled loss.

This is opposed to taking a $100 dollar loss then pulling out more cash to play again. I’m sure you know already, $100 can easily turn to $200 just because you want to win your money back. The problem is, the gambling then may become more emotional thus, irrational. By having a strict spending plan, you limit your losses.

Following this further, you could combine this strategy with the first one by setting winning expectations and losing caps. You might consider a strategy like this, I’m going to the casino to risk $50 at most and if I ever hit $70 dollars, I win!

Quitting All Together

This third option for helping to stop losing money while gambling is no surprise and may still be a good choice for some people. If you have tried everything else to include the solutions listed above, it may be a good idea to stop gambling altogether. Although this may not be the easiest option, let’s look at why this may be the best option.

If you are not able to use a wining threshold like suggested above, this would likely mean you are still losing too much. Next, having strict mental guidelines have proven not to be your strong suit, you are losing extra money like before. Without any mental restrictions on gambling, the house is likely winning and you are not having an enjoyable experience at the casino.

As a result, it is only frustrating to go to the casino because you have to be fortunate enough to win big in order to gain fulfillment. Now if you believe you are someone who may need to consider quitting gambling, there is one more great option to use to help lessen the desire to gamble. Your new option is to learn how to gain true wealth through hard work.

Motivation to Quit Losing at The Casino

Regardless if you have continued to gamble at the casino because you now win more frequently or if you are ready to quit, this is an excellent concept to understand to make more money. If you are someone who goes to the casino because they feel like they need a big win to have a better life or quit their job, this may be a very helpful option for you.

However, if you are someone who has loads of cash to lose and may already be considered wealthy by having financial freedom then this next tip is not for you.

When I walk into the casino and I see jackpots on top of the machine of $1,000 to $20,000, it can hardly be exciting. If you were fortunate enough to win a $10,000.00 jackpot, and let’s say you had to pay 25% of that to taxes, you are now down to 7,500.oo. What would you do $7,500? Get a new car? Go on a cruise? Then what?

Unfortunately, you would be back at the casino again, hoping for another jackpot to win some more big money but odds would be against you. Let’s cover how to truly solve this problem.

Chances are, you may not know how money truly works and you need a more dependable concept for making money. Click here to learn how money really works. The concept of how money really works will make those winning jackpots look like pocket change.

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