Leave the Credit Cards Home

When gambling at an online slot casino casino there are a few rules you should keep I mind. Here are a few of them

Bet only what you can afford

Many casinos have a certain house edge on every game there except for some video poker games, blackjack and live poker. Casinos always have some long formula that they use to make sure that the casino will always win. And that’s exactly what the purpose of the house’s edge. Because of this you must be careful when betting that it is affordable. You are likely to lose money and in many cases you are likely to lose a lot. Set a limit on how much you will be betting with.

Do not borrow money to bet with

Proper money management means that you should gamble with the budgeted amount that you have set aside. And always to stick with the money you have decided on whether you lose, win, or draw. You may be tempted to borrow money or use your credit cards to get money. This can end up placing you in great debt, ruining your finances.

Actually, there are hidden charges if you take your credit card to the casino. The casino will charge you some amount when they issue you a check on your credit card for a cash advance. So you would have already lost money by the time you start playing the game.

And then your credit card bill comes the following month. The balance showing a particular figure, and you notice that the biggest charge that you have is that from your cash advance. And it’s 5% bigger than your normal 15% you usually pay. Yes, you’re right. You got to pay twenty percent for your new rate. Luckily your credit card company can allow you to make the payment but in full right away. You can just pay only the minimum payment in each month. But most people do not know that this is a disadvantageous action and is the reason for the most cases why people are trapped in financial problems. These people do not understand the consequences if you make the minimum payments. The more you make the minimum payment, it will take a much longer time to finish and pay off your debt.

Putting yourself in credit card debt because of gambling is certainly not what you want. This is becomes especially true when you have lost the money you used to bet with bring back no returns. The cash advance on your credit card should only be used for Emergencies only and a few more hands in blackjack and few more pulls on slot machine cannot be listed in the emergency category.

James Hedge is co-author at several debt management websites and throughout his 6 years of work experience in the debt management field he has been able to help several clients to completely . His main area of expertise are IVA applications, debt management programs and debt consolidation loans.

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