The ideal percentage needed for gambling and trading is about the same, somewhere around 3-5% is termed ideal.
It makes you stay disciplined and stay on course without over spending and getting wrecked as well as getting addicted.
Your normal expenditure in real life isn't disturbed by your gambling life as a result of the percentage.
Topic: Appropriate percentage of income for gambling (Read 1810 times)
I’ve seen a story where a family man with about 4 kids worked for over 8 months but kept telling his family that he wasn’t working and it was later discovered that he was earning over $500 monthly but gambled 100% of his earnings and couldn’t even meet up with life and he even had to borrow to gamble but his better now according to the recent stories I’ve heard now and that’s why his story came to my mind when I saw your thread.
I like it when I see people having a goal and principles and strife to keep to it especially in gambling because I know it is always difficult to determine one’s percentage of income imputed in gambling because it is always unpredictable.
If the gambler is the family man,the story will be different compared to the gambler who is working bachelor.The gambler who are financially independent when he is bachelor and he can use the money 10-20 percentage of their salary without any hesitation.But the family man should answer to their wife for every expenses made on their salary.Since he had informed their wife about their monthly salary and expenses made by him.
Before the marriage one can do the target in their life and work for the same.But the life after the marriage was not same before it was to him.This was the reason for which the gambler who doing the gambling after the marriage will try to do gambling without the knowledge of their family.If he had win money from the gambling,their was huge chance of the gambler to share their gambling activities to their family.
What percentage of weekly income do you think is right for gambling?
I’ve seen a story where a family man with about 4 kids worked for over 8 months but kept telling his family that he wasn’t working and it was later discovered that he was earning over $500 monthly but gambled 100% of his earnings and couldn’t even meet up with life and he even had to borrow to gamble but his better now according to the recent stories I’ve heard now and that’s why his story came to my mind when I saw your thread.
I like it when I see people having a goal and principles and strife to keep to it especially in gambling because I know it is always difficult to determine one’s percentage of income imputed in gambling because it is always unpredictable.
Use the smallest possible percentage for gambling from your monthly income even if you have a large salary out there while you increase the percentage then it is quite worrying because of the fear of increasing the amount of the percentage because we feel we have a large salary.
That's my current rule of thumb in gambling, depending on how I win in it: for example, I have won in any gambling and have exceeded the initial capital limit, then it will be set aside in gambling to continue some of it is withdrawn for other purposes maybe fun outside gambling.
If I lose, it will be put back a small percentage like the original plan above.
That's my current rule of thumb in gambling, depending on how I win in it: for example, I have won in any gambling and have exceeded the initial capital limit, then it will be set aside in gambling to continue some of it is withdrawn for other purposes maybe fun outside gambling.
If I lose, it will be put back a small percentage like the original plan above.
There is nothing that beat proper planning especially when it comes to anything thag involved money. When you see people say use a percentage from your monthly income(most often than not 1%), some others think it's an exaggeration but to be honest, nothing beat that in gambling. Sometimes, I will be just on Twitter having my normal time on timeline and then I saw a betting codes from a friend and I get tempted to bet on such games but when I remember that I have an allocation and I can't gamble more than that, I stopped instantly.
When you are limited with an allocation, it gives you time to think before pressing stake orbet because as soon as you bet that money, then you know it's not coming back, the coming is under a probability and doing unnecessary and wasting money on bets is limited, with that even addiction becomes very low as you don't even get chances of becoming addicted gambler.
I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble. I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?
Budgeting is important especially for gambling, I also use 5% for gambling. I also don't gamble often, maybe I only gamble once or twice in 1 month, there are even times when I don't gamble for the whole month. I'm also very busy and if I have time, I often don't spend that free time on gambling. It's really fun to play gambling but while you're playing you shouldn't overcommit to it because it's very dangerous if you let yourself become an addict or an irresponsible gambler.
Luckily I never became an addict and I don't look for gambling.
The percentage we want to put into betting should be based on how much we are making outside gambling. Those that has money and are working in a place where they are paid huge amount of money can always determine how much they will be putting into gambling.
To determine how much we are putting into gambling should be based on how much we are making from betting. Those that have made lots of profits from betting will not bother much on how much they will be using to bet since the money is still part of the overall profits they had made from gambling. To those that had not made much profits from gambling, it is good for them to based their percentage on low and not spend too much gambling for premium safety.
Use the smallest possible percentage for gambling from your monthly income even if you have a large salary out there while you increase the percentage then it is quite worrying because of the fear of increasing the amount of the percentage because we feel we have a large salary.To determine how much we are putting into gambling should be based on how much we are making from betting. Those that have made lots of profits from betting will not bother much on how much they will be using to bet since the money is still part of the overall profits they had made from gambling. To those that had not made much profits from gambling, it is good for them to based their percentage on low and not spend too much gambling for premium safety.
That's my current rule of thumb in gambling, depending on how I win in it: for example, I have won in any gambling and have exceeded the initial capital limit, then it will be set aside in gambling to continue some of it is withdrawn for other purposes maybe fun outside gambling.
If I lose, it will be put back a small percentage like the original plan above.
when it comes to financial. It is really just that part of our responsibility for us to have that kind of consideration and being that mindful about on the money that we are spending.
You wont really be putting up yourself on such big trouble if you are really just that aware on what you are doing because gamblers do usually even fail on doing the basic things
when it comes to spending. They would really be that able to realize things when its already too late. You cant really that make yourself that profitable all the time with gambling.
The percentage we want to put into betting should be based on how much we are making outside gambling. Those that has money and are working in a place where they are paid huge amount of money can always determine how much they will be putting into gambling.
To determine how much we are putting into gambling should be based on how much we are making from betting. Those that have made lots of profits from betting will not bother much on how much they will be using to bet since the money is still part of the overall profits they had made from gambling. To those that had not made much profits from gambling, it is good for them to based their percentage on low and not spend too much gambling for premium safety.
Use the smallest possible percentage for gambling from your monthly income even if you have a large salary out there while you increase the percentage then it is quite worrying because of the fear of increasing the amount of the percentage because we feel we have a large salary.To determine how much we are putting into gambling should be based on how much we are making from betting. Those that have made lots of profits from betting will not bother much on how much they will be using to bet since the money is still part of the overall profits they had made from gambling. To those that had not made much profits from gambling, it is good for them to based their percentage on low and not spend too much gambling for premium safety.
That's my current rule of thumb in gambling, depending on how I win in it: for example, I have won in any gambling and have exceeded the initial capital limit, then it will be set aside in gambling to continue some of it is withdrawn for other purposes maybe fun outside gambling.
If I lose, it will be put back a small percentage like the original plan above.
Everyone has their own decision, what percentage of their income a person will spend on gambling depends on his monthly or weekly income. Everyone will gamble according to their financial status and income. I spend 4% to 5% of my monthly income on gambling. But I don't gamble all the time. I mostly invest in Bitcoin and gamble occasionally.
The percentage we want to put into betting should be based on how much we are making outside gambling. Those that has money and are working in a place where they are paid huge amount of money can always determine how much they will be putting into gambling. To determine how much we are putting into gambling should be based on how much we are making from betting. Those that have made lots of profits from betting will not bother much on how much they will be using to bet since the money is still part of the overall profits they had made from gambling. To those that had not made much profits from gambling, it is good for them to based their percentage on low and not spend too much gambling for premium safety.
As everyone's income is not the same that is different from each other, the percentage that needs to be spent depends on the individual's income and expenses. If someone with a good income spends 12 percent a week, it will not be a problem, but for a person with a low income, it will behave negatively. Already some users have suggested using 5 percent which is definitely a good percentage for gambling. If a gambler regularly spends this small portion of their income on gambling then their gambling will not affect their personal life.
Dude, I think it is not about the percentage of the monthly income but it is about the amount of money used for gambling. If we are talking about the percentage, it can be the same for all level of financial status. But if we are talking about the amount of money, surely it will be very different. 1% monthly income of a rich person must be different with 1% of monthly income of a poor one. I hope you get the point! 
5% is enough to use for gambling if you are just an average gambler. But if you are a professional gambler, you may use bigger percentage because you know well how to get bigger money from the gambling games. So, we can adjust the percentage of income to use in gambling according to our purpose. If the focus is for entertainment, we shouldn't spend much money.
I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble.
5% of your weekly income?? Goodness lord..do you mean what you get in here from campaigns or?? What type of job pays weekly? How about the peeps that don't get Thier stipends on weekly basis, is this question also for them?...if you're actually a heavy staker, your weekly bankroll of atleast 5% of your stipend doesn't even deem your urge, talk more of the monthly salary earners; (In most cases,a satisfactory bankroll would consume almost everything everything before it' gets to MAYDAY)You can calculate your weekly income even if you are paid bi-monthly, monthly, quarterly, semi annually or annually. Even daily income can be calculated. From that statement of 5% weekly income, it means 20% of the monthly income.
For me as long as that amount can be afforded to lose, I do not find any problem spending that amount. Any percentage is good as long as the person can afford to lose that amount.
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I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?
Right?any percentage is okay... You could also decide not to gamble at all..No, I disagree that any percentage is ok, any percentage that a person cannot afford to lose, is a bad move. Like spending the amount for gambling that is allocated for monthly bills, that is a no no for me.
As everyone's income is not the same that is different from each other, the percentage that needs to be spent depends on the individual's income and expenses. If someone with a good income spends 12 percent a week, it will not be a problem, but for a person with a low income, it will behave negatively. Already some users have suggested using 5 percent which is definitely a good percentage for gambling. If a gambler regularly spends this small portion of their income on gambling then their gambling will not affect their personal life.
According to this guideline The Lower-Risk Gambling Guidelines, we should only invest 1% in gambling. Why would you risk 30% of your income in gambling or even 5% is as told by the OP seems more.
The reason i am saying this is because gambling is not like investment, where you invest more and gain more. Here the risk is high and if you gamble with more money, chances are that you may lose them all. Better stick with 1% plan and gamble with a risk free mind without any tensions of losing money.
More details has been discussed here on Risking 1% in Gambling
It's a habit, a bad one, just like smoking and alcohol that's why there should be moderation when it comes to how much money we are going to fund our habits.
I already stopped smoking so that's less expense for me and I don't want that excess money to go to another habit so just putting a little money should suffice just so I could entertain myself by betting on sports that I love and maybe win some in casino games that I usually play and enjoy too.
It's not bad to satisfy our urges to gamble but as long as we know the limit then I think we are still good to go. Stop when there's no money left, don't keep on chasing what can never be attained back. It's just fantasy most of the time.
I always do well with risking one percent of my income on gambling, I can easily lose the money you know, so one percent won't do any hurt to my or my portfolio, nothing feels better than using what wont even hurt at all, and I know this will be harder for those who really want something better from gambling, no risk no reward they say but the higher the risk you are taking the exposure to greater loses for you.
People's sources of income differs and how the money flows in percentage also differ. There are people that are traders, skill or craftman, their income amount isn't stable it comes in scattered amounts . These group of persons as gamblers can really stick to a particular percentage for their gambling, except they just have to stick to the principal of gambling responsibly.Quote
And most gamblers that use more money are those who don't have ways to make money in their lives, maybe due to lack of no job in their country or harsh economy, but the truth need to be told, those who are suppose to be more careful with gambling are those who makes less money, because if you are making more money you will be able to take more risks in gambling.
You nailed it in a way that it suites my reading pleasure as it's something of a practical experience I am observing among youths in my country as there's limited job opportunities and you have to see even school graduates spending most of their entire day in the gambling hall in the hope that they can maintain an income source from gambling, and every little money they have it's straight to gamble they bets on sports bets which is one of the most popular games they bet on over here. If you have a job that's giving you a steady monthly or weekly income you won't have the time to spend daily in the bet halls, and that can limit how much risk you regularly take and how bets you make as there's no always a free time for you. 
I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble.
5% of your weekly income?? Goodness lord..do you mean what you get in here from campaigns or?? What type of job pays weekly? How about the peeps that don't get Thier stipends on weekly basis, is this question also for them?...if you're actually a heavy staker, your weekly bankroll of atleast 5% of your stipend doesn't even deem your urge, talk more of the monthly salary earners; (In most cases,a satisfactory bankroll would consume almost everything everything before it' gets to MAYDAY)Quote
I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?
Right?any percentage is okay... You could also decide not to gamble at all..Sandra 🧑🦰
The gambling need of the sufficient budget to make the good win from the gambling site.Most of the people forgot the importance of the big betting as compared to the small betting.The gamblers thought making the small bet for the safer side,but the fact is the more you deposited will help you to end the game because of the no capital at the end.If you wagger to the dice game,if you start with 50 dollars.The game may end with the no money because of the less initial.If you start with the good money,then you can lay multiple time.If you start with the 200,the game may change to your side at the value of 50 dollars from 200 dollars.But the 50 dollars initial may leads to complete loss.
I don't think you need money to win big amount of money and you also need a big amount. With small amount in wager, you can win big amount with either a high multiplier of you do casino and you can also do that in betting with high odds but this is based on luck as well, your predictions will most likely break along the line and are difficult to win but people are also making here once in a blue moon.
Using big amount is also a good master plan and with small multiplier or odd and you will win but it doesn't guarantee the success, if you are reckless plaster any money without good skills, good thinking of next move, you will not make a cent from the gambling platform. In everything you do in gambling, just make sure that you have good skills that will give you good returns and gamble responsibly.
numbers. When it comes to budget allocation then spending up 12% with your income is really just that too much or something not that recommendable. I highly doubt that there are even more people who do spend more than with those percentages on which it is really just that not a good idea because you are really that putting yourself at great risks on losing more.
We do have different priorities in life on which it would really be just that normal that we shouldnt really be spending up on the money that we cant afford to lose and heck
spending a huge chunk into your salary with gambling is simply a suicide and its never been that recommendable in the first place on having that kind of
spending. Only spend a few percentage and not a huge deduction into your overall salary or pay.
The gambling need of the sufficient budget to make the good win from the gambling site.Most of the people forgot the importance of the big betting as compared to the small betting.The gamblers thought making the small bet for the safer side,but the fact is the more you deposited will help you to end the game because of the no capital at the end.If you wagger to the dice game,if you start with 50 dollars.The game may end with the no money because of the less initial.If you start with the good money,then you can lay multiple time.If you start with the 200,the game may change to your side at the value of 50 dollars from 200 dollars.But the 50 dollars initial may leads to complete loss.
I don't think you need money to win big amount of money and you also need a big amount. With small amount in wager, you can win big amount with either a high multiplier of you do casino and you can also do that in betting with high odds but this is based on luck as well, your predictions will most likely break along the line and are difficult to win but people are also making here once in a blue moon.
Using big amount is also a good master plan and with small multiplier or odd and you will win but it doesn't guarantee the success, if you are reckless plaster any money without good skills, good thinking of next move, you will not make a cent from the gambling platform. In everything you do in gambling, just make sure that you have good skills that will give you good returns and gamble responsibly.
I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble. I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?
For anyone who is still confused about the appropriate percentage of income for gambling after reading this thread, I recommend that, whatever percentage you feel comfortable with, you should split it into three parts. Spend the lowest percentage on gambling. As you begin to get the hang of it and experience fewer losses, you can then go ahead and split the percentage into two parts, using one half. Continue this process until your wins exceed your losses. Then you stop splitting it. This is my personal strategy that has worked for me. 
I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble. I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?
Whether 2, 5, 10 or whatever percentage anyone choose to use shouldn't really be a problem, as long as you don't gamble into other budgets, every gambler has their own preferences, what works for you may not work for me, and vice versa, maybe 5% works perfectly fine for you, doesn't mean someone else has to go with the same percentage in other to be considered a responsible gambler, some weeks, I can go with 5% and sometimes I can go with 10, it does vary, but the most important thing is that I don't let it cut deep into other budgets,l. So everyone should stick to what works best for them. Your strategy is good as you limit the amount of money for gambling but if your limit increases after sometimes then gambling can be hazardous for you therefore keep control on your limits always. If someone has fix days on which they gamble and also they use minimum amount each week then gambling cannot be risky but if a person become regular gambler then it is not possible that gambler will quite gambling.
5 percent is a minimum amount and its okay to use such amount but if a person is spending whole salary on gambling then it does not sound better. If your luck does not help you to get profit then don't rush to use extra sum of money but wait for next week so in this case your loss will be reduces.
The amount one will use depends on how deep one has gone in the ocean of gambling addiction. A person with no addiction at all wouldn't spend more than a fixed amount no matter how much it is, it doesn't always have to be 5% of the total income because a lot of people can use more than that without having any other things in their lives getting disturbed. An addicted gambler would know no stopping as long as they have money because they usually tend to lose first and then chase their losses and then lose more in that process.5 percent is a minimum amount and its okay to use such amount but if a person is spending whole salary on gambling then it does not sound better. If your luck does not help you to get profit then don't rush to use extra sum of money but wait for next week so in this case your loss will be reduces.
So, not every gambler will spend all their salary on their gambling activities but not everyone will use 5% or anything around that. Those who gamble with a minimal amount or percentage of their income wouldn't increase their limit unless they know they can afford to do that but there is no point because they don't gamble for money and one can have fun even with a smaller amount.
~snip~
The gambling need of the sufficient budget to make the good win from the gambling site.Most of the people forgot the importance of the big betting as compared to the small betting.The gamblers thought making the small bet for the safer side,but the fact is the more you deposited will help you to end the game because of the no capital at the end.If you wagger to the dice game,if you start with 50 dollars.The game may end with the no money because of the less initial.If you start with the good money,then you can lay multiple time.If you start with the 200,the game may change to your side at the value of 50 dollars from 200 dollars.But the 50 dollars initial may leads to complete loss.That is a sufficient percentage of a budget for gambling because it is not too big and not too small. And as long as you can control yourself when gambling, that percentage will be enough for gambling. And it is indeed better if the money from your monthly income is used to invest in bitcoin because it promises more profits in the future. By allocating the percentage amount you want in gambling and also investing in bitcoin, you can enjoy gambling activities as intended. You can also make a profit when the price of bitcoin increases. We must be able to maintain the percentage amount for gambling and must not increase the amount of money because that could provide a greater risk of loss.
The gambling need of the sufficient budget to make the good win from the gambling site.Most of the people forgot the importance of the big betting as compared to the small betting.The gamblers thought making the small bet for the safer side,but the fact is the more you deposited will help you to end the game because of the no capital at the end.If you wagger to the dice game,if you start with 50 dollars.The game may end with the no money because of the less initial.If you start with the good money,then you can lay multiple time.If you start with the 200,the game may change to your side at the value of 50 dollars from 200 dollars.But the 50 dollars initial may leads to complete loss.
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