Responsible Gambling 101: 5 Ways You Can Practice Ethics In Gambling

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What Is Gambling?

According to an online dictionary, gambling is the act of wagering a valuable thing for another, especially for high stakes. Gambling formally, for a long time, has usually taken place within a land casino. The wager's outcome is often immediate. One such example can be a single roll of dice or the spin of a roulette wheel. Still, long periods are also common, allowing bettors to make wagers about the upcoming outcome of a future sports contest or season.

Gambling activity can be traced as far back as the Paleolithic period. The earliest six-sided dice In Mesopotamia date back to as early as about 3000 BCE. Meanwhile, gambling houses were widespread in China in the first millennium BCE. Furthermore, betting on fighting animals was also popular. Lotto games and dominoes (Pai Gow's precursors) appeared in China in the 10th century. Due to gambling, some religions have outlawed it as an activity.


The Dangers Of Gambling

According to Jennifer Shatley, an esteemed expert from UNLV's International Gaming Institute, gambling becomes problematic when patrons use gambling as a source of income or gamble with more money than they can afford to lose.

The dangers of gambling include:

 
Chasing losses through gambling more

Irritability when cutting back on gambling

Lying to friends and family, and significant others about gambling habits

Gambling as a scapegoat for problems and other issues

 
Mooch on others to pay for your gambling debts

Accumulation of debts incurred because of gambling



Due to these problems caused by excessive gambling, regulators and other stakeholders in the gambling industry worldwide have discussed social responsibility initiatives to help promote responsible gambling.


Practicing Responsible Gambling

What Is Responsible Gambling?

According to Jennifer Shatley, part and parcel of responsible gambling means taking breaks. In addition, it means not relying on gambling as a source of income, only gambling with money you can afford to lose, and lastly, setting limits for yourself.

Normally, limit-setting is easier to do online because many online gambling sites have built-in tools that allow gamblers to set limits directly on the site.

Usually, the most common forms of gambling are online casinos, where one can access online Baccarat and Blackjack online. However, with gacha mobile games becoming more popular, anyone can gamble online.

Up to now, responsible gambling remains a wide and broad concept that comprises several policies and requirements that apply to gambling stakeholders to ensure they respect the highest standards of quality. Moreover, responsible gambling offers a safe user experience that protects people from the potential negative consequences of online gambling.

Online suppliers that provide venues for online gambling are regulated and follow the rules. Some of the industry practices for online venues include:

● Protection of vulnerable gamblers

● Prevention of underage gambling

● Safety measures against criminal activities

● Information Privacy

● Online payment protection

● A secure online environment

● Ethical and responsible marketing


5 Ways To Practice Responsible Gambling

Gambling, no doubt, brings joy and happiness to people. However, one must always practice moderation, as too much of anything can result in negative consequences.

Here are five ways you can practice responsible and ethical gambling.
Set a budget. By setting a budget, you can avoid spending more than you can afford to. If you spend within your budget, you have more money set aside for savings and your other needs.

 
Refrain from gambling when you are upset or drunk. An unhealthy gambling practice is using betting as a scapegoat for your issues. Gambling is not meant to be used as an outlet for issues. Instead, you can opt to see a therapist. When you gamble, ensure that you are in a good headspace.

 
Follow a gambling time limit. Gambling is not meant to be a lifestyle nor a source of income. It is a joyful activity. Following a time limit ensures that you can give other things more time. In addition, you get to practice a healthy time limit away from gambling.

 
Take breaks. Life is not always about gambling. In addition, you can benefit from gambling breaks because they can refresh your system and mind.

 
Take up more hobbies. There are plenty of festive activities in the world aside from gambling. As an alternative to gambling, you can take up sewing or learning to make handicrafts. These are not only fun, time-consuming activities but also educational as well.


Wrapping Up

In the gambling industry, stakeholders are responsible for their actions and consequences. Although most responsible gambling is relegated to the bigger stakeholders, it is important, as gamblers and players, to practice self-awareness and mindfulness.

By being mindful of how you gamble, you become a better person and player. Personal growth remains one of the most provocative and powerful actions you can take in our busy world. It means actively choosing good - especially for the people you love.

BingoPlus hosts San Miguel Beermen Victory Party

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BingoPlus, the official bingo partner of the 47th season of the PBA, sponsored and presented the Philippine Cup Victory Party of PBA champions, the San Miguel Beermen, on September 05 at Robinsons Galleria. The event was attended by loyal PBA and SMB fans. SMB Head Coach Leo Austria, SMB Team Manager Gelacio “Gee” Abanilla, BingoPlus’ official dancers, BingGirls, and BingBing, the official mascot of BingoPlus, graced the event. One hundred lucky fans were able to bond and dance with the San Miguel Beermen during the victory party.

“BingoPlus’ main objective is to give entertainment and happiness to Filipinos, which perfectly aligns with that of the PBA,” said Jasper Vicencio.

To date, BingoPlus has had a payout of more than 20 billion pesos since its launch in January 2022. For more updates, visit www.bingoplus.com.

6 Perks of Solo Condo Living in Your Twenties

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Your twenties is the decade of your life where you discover several things about yourself. It’s the time when you try things out and experience the rise and fall of being young. Being out of college and snagging your first job gives you the first taste of the real world. Indeed, this age is when life becomes so fast, yet the same age wherein you realize there is more to life.

Thus, it’s the best time to move out of your childhood home and practice living alone. You may start by looking at your options, such as pre-selling residential buildings in Pasig, like The Galleon in Ortigas. When you separate from your parents, you learn how to be an adult.

There are several reasons to get away from the chaos of your family to forge your path. Unfortunately, many young adults fear the costs of breaking away from the pack. When going solo, the monthly utility bills, daily expenses, and rental or mortgage fees come into mind. These financial obligations cannot be avoided and are part of the learning curve. That way, you become an independent and self-sufficient twentysomething.

Below are other perks you gain from living in your condo.

Perks of living in a condo in your 20s

1. You learn to be more financially literate.

Living with parents means they are in charge of utility bills, food expenses, and rent [if you are in a rental]. When the place is yours, no one will shoulder these costs but you.

Living by yourself tests your decision-making skills. You learn to look for sources of income to cover your expenses. You discipline yourself on impulse buying after the paycheck. You consider investing in your health and future. You save up for monthly and annual checkups to keep yourself in top shape. You start to build your investment portfolio so you can upgrade from a rental to owning the property.

2. You discover your creative side.

Your fun side comes out as there’s no one to control, comment on, or hinder you from pursuing a passion project. You have a good time without having other people around you. You can start crafting your piece if you have your tools. Eventually, you spend hours working on it, so you rarely get bored.

3. You recover from daily pressure.

Highly sensitive people can use space and time to recharge their energy. However, living with others can be difficult, especially if they need peace and silence to unwind. If they don’t relax, they can develop physical and mental illnesses. With this said, it helps to invest in a condo with relevant amenities and facilities that align with your lifestyle. For example, Shang Residences at Wack-wack is built with a yoga studio, sauna, fitness center, and golf course that allows athletic pursuits.

4. You will learn to appreciate even the mundane things.

Because no one welcomes you at the end of a tiring day, the scarcity of affection makes you appreciate the company of others. You learn the difference between a house and a home. You start to love your noisy siblings. Most of all, you look for your mom and dad.

Besides your family, you also begin to value what your friends offer. Whether it’s their time or gifts, you learn to be grateful for their act of giving. You will understand how it is to give even when you have less to offer.

5. You will learn to keep your space clean and organized.

Adulting means mom won’t be around to pick up clothes, change sheets and cook meals. The rental will need upkeep, especially if you want to invite people. You don’t want anyone to know how much of a slob you are. You must wash and iron your clothes. The laundromat can do it, but do you need additional expenses docked off your income? Think about it.

Plus, there’s nothing more stressful than a messy and strewn-out place. It takes a lot of time to look for the things you need at the moment. On top of that, unnecessary stuff gives headaches.

6. You learn to be more responsible and independent.

This is the crux of living independently. You only tend to yourself for survival when living by yourself. You choose the things beneficial for you. You start to value your overall health and status. You can spend a day eating out, shopping and doing the things that make you happy by yourself. You can do the things that help you reach your goals. Hence, you gain confidence and personal pride. You build your sense of worth and self-esteem without thinking of the duties to fulfill.

Though having a condo is already a perk, living in one without a companion is a wholly different experience. It comes with lessons that will equip you with skills and traits you can use for a lifetime. Your twenties is sure to be your crazy years once you become firm on moving out.