Whether you enjoy poker, sports betting, or gambling for cash, it’s important to know the risks of each. Taking risks is a natural reaction to the high-reward potential that gambling provides, but it should be limited to an occasional night out with friends. While gambling is usually legal, it can have serious consequences for your financial stability. Here are a few ways you can limit your gambling losses. All gambling involves some level of risk, so always remember to keep an open mind and stick to your budget.