The Rules of Gambling

More than twenty years ago, I discovered the thrill of gambling. As I gained experience placing all sorts of wagers with all sorts of people, various issues arose from time to time. So I developed several rules, which were initially just playful talk, for managing wise bets. However, these hard-learned rules have made me a lot of pocket money and saved my wallet from many unnecessary problems.

1) Put money on the "table."

The "table" is often literally a table, but sometimes it is merely a figurative term that refers to the physical transfer of money. Placing money on a table, or using it to purchase a ticket or chips, is the act which clearly signals intent to wager. It should remind a gambler that the decisions he/she makes have real consequences. Also, it greatly reduces the problems that surround collection and payment.

2) Don't borrow; don't loan.

This is a rule that I try to follow both at the "table" and away from it. I like to remind anyone requesting a loan that I am not a bank. Loans tax my bankroll and stress my head. I respect my friends enough not to burden them with my financial problems and expect they will do the same. Often, it is very hard to say no, especially to people I like; however, once a person gets to know me well, he/she understands that it's not personal. I am very strict not to loan to anyone because loaning to one means loaning to all. Once a person experiences the worry of carrying debt that is not theirs, he/she understands this essential rule.

3) Know the "zone."

The "zone" is a term which refers to an almost magical place where everything seemingly goes right. Often referred to as "rushing," being in the "zone" is the most terrific feeling in gambling; in the zone, every move works and every bet pays. Often times I can almost sense its arrival, like a rising tickle of adrenaline. However, it is more important to know when the rush is over, when to slow down, and when to quit playing. Not understanding when to quit is, without a doubt, the most costly mistake in gambling.

4) Never bet money that you can't afford to lose.

Gambling should be a pleasant diversion from the drudgery of the everyday. Therefore, it should never be engaged in with money needed for life's everyday essentials. Playing with money needed for food, clothing, shelter, or medication ruins the innocent enjoyment of gambling. Futhermore, this mistake can affect the chance of winning ; the fear of losing dominates every wager. Do not be tempted to try and use this fear as a motivation to gamble smarter. Breaking this important rule is often the sign of a gambling problem.