Bet Responsibly: Only Wager Money You Can Afford to Lose

What Does It Mean To Bet Responsibly?

Let's face it. Football betting can be quite fun.

You browse through the fixtures this morning. You see Man City versus Arsenal. 

You check out how they recently performed, injuries, previous wins and losses, the amount of goals scored, as well as odds, and then you’ve picked a good bet and tell yourself, 

"I think this might just win". 

That is entirely a normal feeling. But here is the 1 most critical, every Tipsgoal user should pose before hitting “place bet”: 

“Should I ever lose this particular fund?” 

In the event your response is actually simply put No, do not place this guess. 

This is what bet responsibly genuinely means, just risk cash that you could afford to miss. 

Responsible gambling doesn't indicate that you can't have amusement via football anticipation or you can’t follow soccer gambling tips or even that you simply have to give up supporting your most loved work force. 

It simply means betting really needs to stay entertainment and definitely not money on which you can rely pertaining to day-to-day living needs. 

The core philosophy of Tipsgoal: Your football predictions needs never be above your specific living situation needs. 

For instance, suppose you might have $50 for fun income this month as well as $10 that happens to be the ceiling that you’re willing to bet around the soccer match, then shedding this $10 shouldn’t stop you from spending your utility bills or getting to feed yourself but you surely ought to avoid a gamble for these funds if you need to commute using your public transportation for work tomorrow. 

This is what betting intelligently means.

What Does Wagering Money You Can Afford to Lose Mean?

When we say only wager what you can afford to lose," this is money, that is disposable after having met all necessary monetary obligations in your life.

Take for instance an example: Suppose a person has an income of-per month-

Let's say the following are the expenses the person may have:

If they decide to put $20 of the entertainment cash into a football bet and lose the $20, it should not be any kind of problem.

If they decide to put $200 of their rent money on "a sure thing," that is not responsible betting.

The need is the thing that makes it irresponsible betting.

• Food is a need.

• Rent is a need.

• Medical costs are a need.

• School fees are a need.

• Paying off debt is a need.

• Money for an emergency is a need.

Money for betting should come from spare money that is truly meant for a bet to win OR lose.

Why Should You Bet Responsibly?

We are going to go through one of the most significant errors that we often observe amongst football punters. 

This is the issue of feeling like you 'have to' win back a lost stake as soon as possible.

This can lead into an awful cycle where:

We stake 10. We lose it. We stake 20 to get the 10 back.

We lose this again and now we stake 50 as we think that 'this time its a sure thing.

This is the concept of 'chasing your losses' and this is something that we strongly advise against at Tipsgoal. 

If you lose, you have lost. 

You do not need to win the money back immediately and sometimes walking away from betting completely at that moment, until the following day, is the wisest option. 

There is always another football match.

Create a Football Betting Bankroll

If you play fairly regularly using the tips, this will make managing your bets a whole lot easier with a dedicated betting bankroll.

Suppose we decide that we can afford to spend $50 for entertainment betting over one month.

This can be broken down. For instance:

Week 1 $12.50

Week 2 $12.50

Week 3 $12.50

Week 4 $12.50

If it's all gone in one week, there are no more deposits from entertainment bets, and wait.

This basic rule alone will save you money as it will be difficult to compound a small loss.

Never Use Essential Money for Football Betting

Rule number one when it comes to betting responsible on sports: never bet with cash that is essential and needed. 

Do not use money that is needed for:

• Rent

• Food

• Electricity

• School fees

• Transportation costs

• Medical fees

• Emergency money

• Loan repayment

• Money from a friend

The money would be essential if spent normally
in football betting. Losing the cash must not cause any dramatic problem.

Don't Borrow Money to Place a Bet

This is one of the most obviously warning of irresponsible betting according to Tipsgoal.

We do not, on any circumstances advise borrowing money to be returned at double the rate of investment ($100 borrowed to win $200). 

You should never place these bets as the return is simply never guaranteed a game may not have lost the previous 10 it can still lose the 11th. 

A single red card can swing a game around a slip or a goalkeeping blunder can affect the result of the match. 

A team favoured to win could easily have off days.

How Much Money Should You Bet?

There is no safe dollar amount that will work for everyone. One person might feel perfectly fine betting $5 on entertainment, another person might have a totally different budget available to them. 

This is why we don't recommend that all Tipsgoal readers bet $10 or $50 or $100.

What we encourage every reader to do is come up with their own individual gambling budget.

An example of a gambling budget would be:

The table of numbers above is just an illustration. Work out your own numbers according to your personal financial circumstances.

However, what is important is that you decide in advance of how much you are prepared to lose.

What Are the Warning Signs That Betting Is Becoming a Problem?

Responsible gambling, of course, also means setting your limits and knowing your limits. 

Look out for yourself; some signs you may have a gambling problem may include

Spending more on gambling than planned

Increasing bets after experiencing a loss

Borrowing money in order to gamble 

Hiding the extent of your behaviour from loved ones 

Dipping into savings for rent or family care 

Becoming irritable when restricted from betting 

Thinking about gambling the majority of the day 

Feeling like gambling could be the quick solution to life’s money problems 

Continuing to try to chase your losses, let work, family or school be neglected, to be able to take part in gambling. 

It can be worth remembering it only takes one sign of a problem and then more, to warrant investigation. 

Once you notice your betting getting out of control, consult deposit and spend limits, time-outs or the self-exclusion features at your bookmaker and contact a responsible gambling provider in your region.

Bet Responsibly: Only Wager Money You Can Afford to Lose

Research your matches. Follow football pundit. Have fun as you watch game. Know and respect betting limits.

Keep your bet within reasonable limits. The bottom line, there is nothing like safe, betting means potential loss. 

Do not ever chase after it. Perhaps the most important rule is that no football prediction is ever worth parting with money you absolutely need to keep. 

Remember, your money is more valuable to you than an accumulator.