I know this is common sense to the majority of people on this forum but I can't stress how important it is to gamble responsibly.
There was a recent case in Australia where a man lost his entire life savings of $400,000+ in a 48 hour gambling spree.
The gambler lost $12,000 in a single bet and then tried to chase that initial amount but ended up losing his life savings.
I am a seasoned and experienced gambler and my one piece of advice to people is to only bet what you can afford to lose otherwise you are setting yourself up for failure.
Gamble responsibly is an advise that any gambler can not afford to ignore, the repercussions are very costly both mentally and financially. One of the worst things that can happen to any gambler is to chase lose, that is the highest height of irresponsible gambling, the gambler will become so addicted to recovering his lose that before he realizes it, he'd have emptied his entire savings. Not having a budget for gambling is another indiscipline by some gamblers, without a budget for gambling, the person can be carried away and keep going on and on till they exhaust all the money that they have. Gambling the amount that you can afford to loose is the beginning of responsible gambling.