1 5 Tips for Responsible Sports Betting during March Madness
Zita McGlinn edited this page 6 months ago


Did you understand that according to the National Council on Problem Gambling, nearly 67% of all college trainees bet on sports? * This figure does not even include those who also bet on the lotto, card games, mobile games or casinos.

If you pick to wager throughout March Madness, here are some suggestions, techniques and resources to assist you avoid risky habits and get assist if needed.

1. Evaluate your present routines

Gambling and sports betting are not naturally wrong or bad. However, it is essential to bear in mind that betting sites, video games and apps are all created to keep you wagering. They do this by stimulating your brain's reward center, similar to alcohol and other drugs do, which can lead to addictive habits.
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If you have an interest in how your brain reacts to gambling wins and losses, you can read more about the science behind betting. Knowing how your body responds beyond your control can help you be more mindful and know when it's time to take a break.

It's also an excellent idea to sign in with yourself to evaluate your betting habits. Reflect over the past 12 months and ask yourself:

Have you bet regularly or with more money?
Have you withdrawn from relationships?
Have you borrowed money to cover gambling debts?
Do you conceal your bets or betting habits from others?
Do you feel the desire to keep betting even when you're losing?
Has gambling triggered you any health-related problems, consisting of stress or anxiety?
Have you ever felt guilty or remorseful about the way you bet or what happens when you bet?
If you addressed yes to these concerns, it might be time to reassess your betting habits. You can likewise take this quick complimentary test to get help evaluating your existing practices.

2. Set limitations for yourself
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Setting limits around just how much cash and time you invest in gaming can assist you avoid unwanted monetary effects. Here are some ways you can reduce your monetary risks and substantial losses:

Set money and time limits. Take benefit of the functions offered on gambling sites to help you monitor your play and understand when you have actually reviewed your time or money limit. Resist the desire to keep wagering or playing when you have actually reached this limitation.
Budget for gambling. What can you reasonably afford to invest on gambling? Set a budget for yourself and stick to it. If you have a hard time to monitor your spending, consider eliminating your credit or debit card info from your phone or laptop computer so it can't autofill on websites. Additionally, if you're heading out somewhere to wager, leave your cards at home. Never obtain money or use cash that is meant for standard needs (e.g., rent and food) to place bets.
Know how it works. Research how a particular game or betting system works before you position your bets. For instance, some bets might depend upon the result of the game, while others may depend on a point spread or video games that will be decided in the future. Knowing what kinds of bets you're making and how the system works can help in reducing your danger of losing more than anticipated.
Bet only what you can manage to lose. All betting includes threat. Sometimes you're up and often you're not. That's why it is essential to consider just how much money you want to lose before you put any bets. Remember, if you lose your cash, don't attempt to win it back. This typically results in bigger losses than you would have incurred if you had let the cash go.
3. Find a balance

Gambling for extended periods can make it hard to track your money and time. Stepping away regularly can help you clear your head and cultivate a more deliberate relationship with betting. Here are a few tips to help you strike a balance between betting and other activities:

Balance recreational betting with other hobbies or interests.
Delete gambling apps from your phone, laptop and other gadgets.
Consider eliminating your credit or debit card info from the 'autofill' function on your phone, computer or other devices.
Set time limits or block sites that you 'd like to spend less time on using software application like Bet Blocker or GamBan.
Avoid betting or playing when your feelings are heightened (e.g., stressed out, upset, mad, frustrated, and so on).
Avoid betting while under the influence of alcohol or other compounds. This may cause you to take more threats than you usually would when betting.
You can also take a look at our free betting guide to learn quick tips for how to bet in a more deliberate way, find balance, know the caution signs of issue gaming and get assistance or .

4. Share your experience

It's common for individuals to be more open about their experiences when they result in success or winnings. However, it's also crucial to attend to losses you might have experienced.

Encourage your good friends to begin having open, truthful and well balanced discussions around sports betting and gambling. Being susceptible and sharing your real-life experiences with the low and high of sports betting can assist you recognize practices or methods that are working for you along with those that aren't. It can likewise offer insight into how others view gambling, what limits they have in location and how it impacts individuals's lives in a different way.

Here are a couple of concerns you may consider asking good friends:

How does betting effect the enjoyment of seeing sports for you?
How dangerous do you think sports betting is compared to other kinds of gambling?
What kinds of sports do you bank on?
How hard/easy is it to generate income betting?
Have you experienced any losses this year? What was it like?
How do you see your relationship with betting changing over the next few years?
5. Seek assistance

When betting ends up being troublesome, it not only increases your monetary threats, however it can also increase your danger of stress and anxiety, anxiety, self-destructive thoughts and relationship issues.

Some people might likewise experience compulsive betting. Compulsive gaming occurs when somebody has an unmanageable desire to keep gambling in spite of the toll it takes on their life or financial resources. When someone is engaged in compulsive gambling, they tend to chase after bets that lose regularly, utilize up their cost savings, enter debt or turn to theft or scams to money their gambling routines.
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If you're concerned about how gaming is impacting your life, there are resources and programs offered to help:

Collegiate Recovery Community (CUCRC). The CUCRC supplies community and assistance for trainees, staff and professors in healing or looking for healing from a wide variety of behaviors, including gambling.
Counseling and Psychiatric Services (CAPS). CAPS can assist students explore their relationship with betting and assist you connect with assistance resources. Schedule a screening or come by during a Let's Talk session to consult with a provider.
Faculty and Staff Assistance Program (FSAP). FSAP can assist staff and faculty explore their relationship with betting and help you link with support resources. Submit an online request to set up a consultation with an FSAP supplier.
National Problem Gambling Helpline. The National Problem Gambling Helpline is operated by the National Council on Problem Gambling (NCPG). They supply 24/7 phone, text and chat services to help link individuals with local resources and assistance associated to betting issues.
Gamtalk. Gamtalk is a totally free, anonymous, peer-based assistance network that assists people with issue gaming. They use moderated group assistance talks online 24/7.

  • Gambling is forbidden in CU Boulder dormitory. NCAA guidelines prohibit athletics personnel and student-athletes from taking part in any sports wagering activities on an NCAA sponsored sport, at any level.