Responsible Wagering Guide

Setting Your Limits

The most important aspect of responsible wagering is setting clear, realistic limits before you start trading and sticking to them no matter what happens.

Daily Limits

• Set a maximum daily trading amount
• Limit time spent trading each day
• Take mandatory breaks between sessions
• Stop trading after big wins or losses

Example: "I will trade no more than $50 per day and stop after 2 hours."

Monthly Budgets

• Allocate a fixed monthly trading budget
• Track all deposits and withdrawals
• Review performance monthly
• Adjust limits based on results

Rule of thumb: Never risk more than 5% of your disposable income.

Recognizing Problem Gambling

It's crucial to recognize the warning signs of problem gambling and take action if you notice these behaviors in yourself.

Warning Signs

Behavioral Signs

• Trading more than planned
• Chasing losses with bigger bets
• Lying about trading activities
• Neglecting work or relationships
• Trading to escape problems

Emotional Signs

• Anxiety when not trading
• Mood swings based on results
• Guilt or shame about trading
• Inability to stop despite losses
• Trading to feel excitement

Healthy Trading Habits

Before You Trade

• Set your budget for the session
• Decide on your time limit
• Choose your markets in advance
• Check your emotional state
• Review your trading goals

During Trading

• Stick to your predetermined limits
• Take breaks every 30-60 minutes
• Don't trade when emotional
• Keep detailed records of all trades
• Stop if you hit your loss limit

After Trading

• Review your trades objectively
• Update your trading journal
• Take time away from trading
• Celebrate small wins appropriately
• Learn from mistakes without dwelling

Risk Management Strategies

Portfolio Diversification

• Spread trades across multiple markets
• Don't put all money in one outcome
• Mix different types of events
• Balance high and low probability bets

Position Sizing

• Never risk more than 10% on one trade
• Size positions based on confidence
• Use smaller sizes when learning
• Adjust sizes based on bankroll

Tools and Resources

Self-Assessment Questions

Ask yourself these questions regularly:

• Am I trading within my predetermined limits?
• Do I feel in control of my trading decisions?
• Am I trading for the right reasons?
• Is trading negatively affecting other areas of my life?
• Can I easily stop trading when I want to?

If you answered "no" to any of these questions, consider taking a break from trading.

Getting Help

If you're struggling with gambling problems, help is available:

• National Problem Gambling Helpline: 1-800-522-4700
• Gamblers Anonymous: ga.org
• National Council on Problem Gambling: ncpgambling.org
• Crisis Text Line: Text HOME to 741741

Making Trading Enjoyable

Responsible wagering isn't just about avoiding problems - it's about making prediction market trading a fun, educational, and sustainable hobby.

Focus on Learning

• Treat each trade as a learning opportunity
• Study market dynamics and probability
• Keep detailed records for analysis
• Celebrate improved decision-making

Social Aspects

• Discuss markets with friends
• Join prediction market communities
• Share insights and strategies
• Learn from other traders

Ready to Trade Responsibly?

Remember: the goal is to have fun while learning about markets and probability. Set your limits, stick to them, and enjoy the experience!

Start Trading Responsibly

Financial Safety

Mental Health