Online Gambling Risks: Knowing When to Stop and When to Play
Gambling is all about fun and excitement, right? Who wouldn’t feel the adrenaline rush of excitement as you wait and see if you finally won the big bet and increased your bankroll? And with the number of online casinos that are now operating, who wouldn’t get doubly excited at the flash of bright lights on their computer screens or the variety of games that they could play? Yes, online casinos have changed the gambling industry. Today, you can gamble anywhere you may be and at anytime of the day. It is that easy and convenient.
With the accessibility of online casinos, it is very easy to spend so many hours playing without you knowing it. You can visit so many online casinos in a day without you fully realizing the risks. In online gambling, just like in any form of gambling, two things are of utmost importance. You must know when to stop playing and when to take risks. With online gambling, you are not merely risking your money. Because you are using your personal computer, the heightened risk includes malicious intruders that can get into your files and stored data. If you are using your credit or debit card, your financial details might be at risk to malicious intruders.
How can you minimize the risks?
Choose a reputable online casino
Before taking any risk by signing up to an online casino, check the website first. Is it a reputable casino known for its honesty and fairness? One important document that you should be looking for on the website is the license. If it is not licensed, do not play there.
Check the software program that they are using. Does the casino have a reputable software provider? Examples of trusted software providers are PlayTech, MicroGaming, Cryptologic, Boss Media, and many more. Although many players overlook this, customer support is also important in choosing an online casino. A reputable online casino will have customer support available 24 hours and 7 days a week. Remember that you can play anywhere and anytime, so if any problem occurs, the online casino must also be able to address your needs through their customer support.
The online casino must also offer a wide range of banking options. Look into the minimum and maximum deposit amounts and check the withdrawal policy as well.
Payout rates also vary among online casinos. The payout rate is the percentage of casino winnings that are being paid out to its players. The higher the payout rate, the better it is for you. When you check the payout rates, you must also see to it that these rates are verified and audited by a reputable and independent accounting firm. Even if the online casino publishes a 95% payout rate, you cannot verify its accuracy if it is not audited.
You must also go through the terms and conditions of the online casino. If there is a clause that you cannot understand, contact its customer service for clarification.
Increase your computer’s security
Since you will be using your personal computer while playing, it is important that you observe strict security measures to ensure that a malicious intruder cannot install viruses, worms, or malware into your computer files. Because your computer contains many personal files, it is important that you secure these from unauthorized access. There are so many ways by which you can beef up your computer’s security. First, remember that it is riskier to play under the administrator mode. If an online casino requires this, be 100% sure of the casino’s reputation. If you are using the administrator mode, you are risking full control of your computer to malicious intruders. This is very dangerous because intruders can get to as far as stealing your identity.
Second, use passwords and encryption. Using encryption means that even if an intruder gains access into your computer, it will not be able to gain access into your encrypted computer files. Using passwords also increases your security against malicious intruders. Remember that you must use a strong password, meaning that it will not be easy to decipher. In making your password, mix up uppercase and lowercase letters and use numbers and special characters.
Third, use firewall, anti-virus programs, and anti-malware programs. All these increase your computer’s security against hackers, viruses, worms, and malicious software.
Fourth, do not surf the Internet while playing, and play only on the casino’s website. Web browsing increases the risk of getting into a malicious site. Because you are more focused on playing, you may become less wary of entering unknown websites. These are just some measures that you can observe before taking the risk of gambling online. Gambling can be addicting. Whether you are losing or winning, you always get the urge to play more. This is a risky behavior because you are opening yourself up to addiction. Be a responsible gambler by knowing when to stop playing. Here are some tips for you.
* Set a budget
Before playing, set a budget and stick to it no matter what. You must stop when you are losing money that you cannot afford to lose. You must stop playing when you are in debt or borrowing money to play with.
* Limit time for playing
Aside from setting a limit on your betting money, you must also set a limit on your playing time. Remember that your chances of winning do not depend on how long you stay at the online casino. In fact, the longer you play, the lesser your chances of winning.
* Impose self-control
When gambling, you must realize that self-control is important. When you are on a losing streak, stop playing longer because you are thinking of chasing your losses. And if you are winning, stop playing for too long as well. You will never know when the tables will turn against you. Remember that gambling is just a game of chance. Online gambling has many risks but you can minimize the risks through conscious efforts in being a responsible gambler. Just have fun and enjoy the game!