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The rise of crypto gambling shows no sign of slowing down. There are more and more options out there for players. But, whichever sites you choose to join, responsible gambling needs to be at the forefront of your mind. Responsible gambling means staying in control of your gambling activity, not developing any unhealthy habits or addictions and not placing bets you cannot afford to lose.
Whilst most betting sites provide a set of responsible gambling tools to help you control your activity, there are some that do not have these options (https://cryptonews.com/news/non-gamstop-casinos-uk.htm). However, using these sites does not mean you cannot gamble responsibly. Here are some top tips to help you stay in control:
1. Set your financial limits
Establish the maximum amount you can afford to lose when gambling online. Then, diligently ensure you do not exceed that amount. A good way of ensuring you are unable to make any unnecessarily large wagers is to only make small crypto deposits to your account. And if you make a profit, make sure you withdraw your winnings before using the additional funds.
2. Take your time
Whether you are placing a sports bet or playing an online casino game, make sure you have a full understanding of what you are doing. Before you place a wager, double-check that you placing it on the correct options. And, that you are using the correct amount.
3. Control your time
You help ensure you are not spending too much time gambling online, set a personal limit on the amount of time you are playing — set an alarm if it helps you to keep to that limit.
4. Know the rules
This is especially important if you are sports betting, as many bets will have specific requirements in order to win. There will always be terms and conditions attached to betting markets, so if you are unsure as to exactly what you are betting on, read these terms before you hit the ‘Submit’ button.
5. Don’t chase your losses
Losing is part and parcel of gambling online and sooner or later you will hit a losing streak. When these losses happen, there can be a temptation to place higher wagers, to make up for those losses. Unfortunately, this approach will invariably lead to even heavier losses. Instead, stick to your usual betting strategies and stake sizes — your losing streak will not last forever.
6. Form a strategy
When playing a casino game, do your research and establish which betting pattern is the most appropriate given your budget and risk aversion. Once you have formulated this strategy, tweak it if necessary, but always stick to your budget.
7. Have fun
Last but not least, always remember that online gambling is meant to be fun. Entertainment needs to be your primary focus. Not getting rich or creating an income stream. If you reach a point where you are no longer having fun, that is the time to take a break and walk away.
