The Facts About Seniors And Gambling
In retirement, gambling can be a fun, social activity. Although many seniors find the right balance between gambling and other aspects of life, there are some factors that could increase your risk of developing a problem with gambling.
- Increased leisure time in retirement, which could potentially lead you to gamble more than you intended.
- A decline in income brought on by the transition to a fixed retirement income, which can increase the impact of gambling losses.
- Major life changes that could lead you to gamble to escape other problems.
The more you know about gambling, the better equipped you are to keep it fun.
Here are a few tips to help:
- Balance gambling with other hobbies
Whether it's reading, golfing, or just taking some time away from the tables or slots, every break helps.
- Set a Budget
Keep gambling enjoyable by setting a budget. Try out the GameSense budgeting tool at GameSense.ca and keep track of how much you're spending.
- Set a time limit
It can be easy to lose track of time when gambling. So plan ahead, take breaks and set a time limit before you start gambling.
- Don't chase losses
Every game is random, and the house always has the advantage. It's important to recognize this and stick to the time and budget limits you've set.
- Leave emotions off the table
Your mood may affect your gambling behaviour. Gambling when you're upset can cause you to make rash decisions - decisions you might not make in a regular state of mind.
We're Here to Help
Visit a GameSense Info Centre at any casino or community gaming centre for more tips, resources and suggestions to make gambling safer. Or you can call the Problem Gambling Helpline at 1-888-795-6111. There you'll find someone to talk to 24 hours a day.
Play for fun, not to make money.
Know how the game works and what the odds are before playing.
Set a budget and stick to it.
Don't chase losses. Accept them as the cost of entertainment.
Balance gambling with other types of leisure activities.
Take frequent breaks.
Set a time limit before you play.
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