While there are both good and bad habits, the former are central to the creation of effective, daily routines.
It’s interesting to note that all habits proceed through four distinct and chronological stages; namely cue, craving, response and reward. Understanding this can help markedly, both in terms of developing good habits and helping to break bad ones.
This same basic principle can also be applied to online gambling, especially if you wager regularly and as a preferred leisure pastime.
But what are the most important and positive habits that you need to unlock as an online gambler? Here’s a few to keep in mind:
#1. Make Bankroll Management a Primary Consideration
In the digital age, there are a number of secure and licensed casinos for Canadian players, creating a huge range of online games and verticals across both casino and sports betting platforms.
Because of this and the increased accessibility of iGaming in the newly regulated Canadian marketplace, it’s crucial that you make the creation and management of your bankroll a key priority before you start wagering real money.
The key starting principle here is to ensure that you never wager more than you can comfortably afford to lose, whether you set your bankroll over the course of each day, week or month.
This way, you can wager with genuine peace of mind, as your bankroll will have been derived responsibly from your disposable income and process of budgeting incomings and outgoings.
Next, you’ll need to create deposit limits with your chosen sportsbooks or casinos, with licensed operators now having to offer this feature to customers and part of responsible gambling initiatives.
You can set deposit limits per day, week or month depending on how frequently you wager, ensuring that your bankroll is managed efficiently at all times.
#2. Deploy Betting Strategies Wherever You Can
Another key to responsible bankroll management lies with the deployment of betting strategies, which can help to regulate how much you wager on specific outcomes and markets.
Initially, you’ll need to create a single betting unit with a nominal value, which should ideally be a small or modest amount in line with your total bankroll and wagering frequency.
You can then determine how many bets or wagers you can place on average each day, week or month, while making allowances to potentially increase your stake in relation to specific bets and odds.
For example, let’s say that you’re a fan of sports betting, and want to back a short-price favourite to win Canadian Premier League soccer match. In this case, you may look to increase your stake by a fixed multiple of your betting unit, scaling this to optimise your returns and cash in on a highly likely outcome.
Conversely, you may choose to put your money on an outsider at much longer odds, in which case you should minimise your stake to compensate for the fact that this outcome will have a lower implied probability (but the potential returns are considerably higher).
Ultimately, the key is to have a clearly defined betting strategy, and one that helps you to make the most of your bankroll while minimising loss and optimising potential returns.
#3. Set Time Limits for Playing
Whether you like to wager during the daily commute to and from work or as a way of de-stressing from a particularly challenging job or day, the chances are that you’ll typically bet as part of a wider daily routine.
You should note that the act of gambling can become compulsive over time, however, so it’s important to enforce time limits in some instances and regularly how often you gamble.
Online casinos and sportsbooks may also help in this respect, as these enable you to set time limits for specific gaming sessions. This helps you to regulate your activity automatically, while enabling you to make the most out of every single gaming session.
By gambling in a responsible and disciplined fashion (and deploying online limits where possible), you can continue to wager in a balanced way that doesn’t compromise either your finances or everyday life.
This is good news for everyone, while it showcases how even simple, positive habits can have a significant effect when wagering your hard-earned money online!
The Bottom Line
So, there you have it; three tips to help you cultivate positive habits when gambling regularly online!
These tips may also help you to avoid bad or negative habits over time, by challenging individual behaviours and avoiding the types of excesses that can really cause issues given the compulsive nature of betting online!
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