Asian Fortune Your source for all things Asian American
By Alexander Mar
Alexander has an Economic Degree earned at Leicester University and Master of Science in Management from Boston University. He has always been an avid writer and has been doing this for the last 15 years. Apart from his interest in business and the economy, he loves to keep abreast of all new technology and more, importantly, how it affects us all. The content he produces reflects his life experiences as well as his passion for discovering new places, people and culture.
People want to go to the casino, enjoy themselves and maybe make a bit of money in the process. If we want to have fun in life, the chances are that we will we need money at some point to have this fun. Some make a living as a professional gambler, but for most of us, it is a bit on the side that we just do for fun. Everybody wants money, and the casino is one of the quickest and also riskiest ways for you to obtain it. What can we take from what we experience in the casino that can help us manage our money in life?
Budget
It is always wise before you start gambling to think about how much money you are going to spend. Setting an amount and telling yourself you will stick to it no matter what is a good life lesson – plan ahead and set out for the month ahead what you are going to spend, so that you can assess what money you are going to have left once you have paid for all the essentials in life. Work it all out, and anything left over is a huge bonus.
Know your limits
Carrying on from the last one, once you have budgeted, make sure it is realistic and that you aren’t spending more that you can afford. Online casino operators allow you to change your settings to only allow you to deposit a certain amount at a time. In fact, at the online casino Unibet, players can even self exclude themselves for 24 hours, 7 days or 6 months. However this is more difficult when you are physically in a land based casino and being encouraged to go over to the ATM and draw some more money out. Make sure that you don’t spend more than you can earn or you will end up in debt. You have earned your money and its your right to spend it, but don’t leave yourself in a position where you are wishing to have that money back.
Knowing when you have hit the jackpot and to take your money
So you’ve been playing for years and finally have a life changing big win, maybe it’s time to stop and count your money. The odds are heavily against you and you have ridden your luck to win a lot of money in the casino. Cash out whilst you can! Just like in real life, it is similar to an investment, or perhaps you are trying to sell a property. If you are guaranteed a huge return on your initial investment that can change your life, don’t risk gambling further, instead take your money. So many gamblers win in the casino, carry on, and leave frustrated and angry because they didn’t walk away when they were on top. Quit whilst you are ahead. What would you rather do, be happy with $4,000 instead of $4,500, or know that you walked away with $0 when $4000 was there waiting for you?
