How to deal with your gambling problem

Gambling can be an entertaining and exhilarating pastime for many individuals. Nonetheless, for some, it may lead to serious financial, emotional, and social consequences.

Just this week, the government increased the tax on betting and gaming stakes from 7.5 per cent to 12.5 per cent, effective July 1, 2023, to discourage betting and gaming.

So, if abstinence+ is not an option, this is how you deal with your gambling problem.

Educate yourself

I won’t tell you to stop gambling or how bad gambling can get, I’d rather you find that out yourself. But I’ll tell you this, before it’s too late educate yourself about the risks and consequences of problem gambling. And If you think education is expensive, try ignorance. Ensure you understand the signs of addiction and seek help at the earliest indication. Stay informed about local gambling regulations and seek licensed and reputable gambling platforms if you choose to gamble online. Being well-informed empowers you to make responsible decisions and safeguards against potential pitfalls.

Budget! Budget! Budget!

Just like drugs, gambling is addictive, and once you are in it, it controls you and your money. If you have to gamble, then establish a gambling budget. In this economy, determine how much money you can comfortably afford to lose, if any, without impacting your essential expenses or financial stability. Set a limit on your gambling expenditures and adhere to it strictly. This ensures that you don’t spend more than you can afford and it reduces the risk of financial hardship.

Source: standardmedia.co.ke

About Post Author

Samuel

I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos.

See author's posts

Samuel

I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos.