To minimize losses on gambling, it is important that players should have a set of gambling guidelines to follow.

Here are some of the best gambling tips that players should know:

Understand the game: This one is pretty obvious, but still there are some people place bets on games they don't fully understand. Generally, it is more advantageous for a player to fully understand the rules of a game before betting on it.

Budget your money: Place a limit on the money that you can afford to gamble with and lose. Never exceed that amount or gamble with money that you can't afford to lose. Leaving your ATM cards and credit cards at home may be a good way to ensure that you won't be tempted to exceed your budget limit.

Pace yourself: Avoid betting all your money in one go. Remember, the objective is to have fun and enjoy yourself.

Know when to quit: The best time to quit is when you are ahead of the casino. Many players make the mistake of thinking that their streak of luck will last forever and continue to gamble until they eventually lose it all.

Chasing losses: "Chasing a loss" is a term used to describe the act of trying to win back money that was lost during a previous bet. The problem with this is that the player stands to lose even more money. In this case, it is better to just accept the loss and quit or continue playing for the sole purpose of just having fun.

Emotional states: Never gamble when you are angry or depressed. Emotional states such as anger and depression usually cloud a person's judgment and impair his/her ability to play the games properly. A person who is experiencing an intense emotional state usually lacks the ability to think as clearly as someone who is not.

Take frequent breaks: As in any other activity be it reading, writing or playing computer games, one should always take frequent breaks to feel refreshed and alert. Although this may not apply to a person who places a few bets before leaving the casino floor, it does apply to gambler who intends on spending a considerable amount of time betting in a casino.

Have fun: Gambling should be viewed as a fun and exciting recreational activity as opposed to a means of making money. Even though most of us have heard of, or read about the occasional gambler who won the big jackpot that changed his/her life, this is usually not the case for the majority of players. Let's face it. The glitz and glamour of casinos were not built on the good fortune of winners. Therefore always play for fun and never for the sole purpose of making money.

By following these basic set of guidelines, one can enjoy a visit to a casino or at online casino and have plenty of fun while minimizing the risk of falling into any financial difficulties.