Managing your risk is one of the integral factors when gambling. The first thing you have to do is put yourself in a position to win.
Keep Your Money Safe
After you’ve managed your risk, you have to make sure your money is safe. If you’re at the casino, this means ensuring that your money is placed in a slot machine that doesn’t pay out too often. If you’re at the racetrack, this means taking the extra precaution of putting your bets in a winning position.
Maintain a High Credit Limit on Your Credit Card
If you’re like many people, you make payments on your credit card every month. You might even have a card with a very large credit limit. When you have a high credit limit on a credit card, your luck really depends on how much money you have in the account and how much is available on the card at any given time.
Maintain a small balance on your card to ensure you have some luck left in the game.