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What Are The Risks Of Betting On Horses?

One of the main risks of betting on horses is that, while you can win, you can lose. It is important to use self-control in order to reduce the amount of losses that you could accumulate if you are not careful.

Also, make sure you know what you can afford to lose. One way to avoid the risks of betting on horses is to make a limit to stick to. If you bet at a racecourse, include your limit as part of the day, whereas if you bet at a high street bookmakers or bookmaker’s website use your extra expenditure for the week or month as what you can afford. You could also limit yourself to a set number of bets, and keep to these. The risks of making bets on horse racing can be disastrous unless you keep your self-control - Don’t chase your losses! Most importantly as a beginner, horseracing gambling is something that shouldn’t be taken seriously but something that is an enjoyable pastime.

How to get help with betting on horse racing

There are several ways to get help regarding the risks of placing a bet on horse racing:

• The National Gambling Helpline: 0845 600 133
• The Gamcare website: www.gamcare.org.uk

See Also

Gambling Guide to Responsible Gambling

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