Appropriate percentage of income for gambling - page 11.

Fivestar4everMVP

legendary

Activity: 2254

Merit: 1052

Leading Crypto Sports Betting & Casino Platform

Quote from: Oshosondy on July 14, 2023, 06:12:59 AM

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?

Well, I think this is not something that is or should be generalized, it is more of an individual thing, since we all earn differently, what I earn in a week may likely or exactly not be what you mean, you may earn higher or lower than I do Weekly, so as such, if we are to both set aside 5 percent of out weekly earning for gambling, your 5 percent might not be the same as mine, if you earn more than I do, removing 5 percent may still leave you with alot of extra money to spend, and for those that earn lesser, 5 percent might mean a lot..

So what I am driving at is that, there is no specific percent that is generally OK to set aside for gambling, it is everyone according to their level of earning., some do 2 percent, some do 3, some do 5 percent, whole some do 10, it all depends on how much one is making per week.

Chikito

legendary

Activity: 2366

Merit: 2054

Quote from: Oshosondy on July 14, 2023, 06:12:59 AM

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?

It's hard to calculate for people who rarely play gambling weekly like me. but when I accumulate what I get in a month, not more than 10% (2.5% weekly). but the benefits can be more than that, for example when I bet $10 a month, I can get $30, but not continue it like you, unsustainable, because of my busy work that is often out of town, I don't have much time to frequently gambling.

TelolettOm

hero member

Activity: 2086

Merit: 553

Leading Crypto Sports Betting & Casino Platform

Quote from: seleme on July 15, 2023, 05:30:12 PM

There is no concrete number we should think it is the appropriate percentage to gamble with it, IMO. If you feel it is time to have fun on casino platforms, then go for it and never limit yourself to some percentage unless you can't afford it at all. Maybe you will be lucky and that slot you play will hit the max multiplier on the bonus round.

Even if no concrete number, we can assume the limit of our budget. As long as you use the money that you can afford to lose, it means you still limit the amount of money on gambling. It is just nonsense if you really don't limit the percentage of money to use. Moreover, if you think more money to use that can increase the chance of your luck. At the end, it will lead you to huge losses and you just realize it when you have spent all your money. You must understand that limiting the budget is the preventive way to avoid the severe losses.

Slow death

legendary

Activity: 3038

Merit: 1100

Leading Crypto Sports Betting & Casino Platform

I believe that people before thinking about spending 1% or 12% of their weekly income, they first need to look at the priorities they have in real life, how much they are going to spend and after paying all the bills, they should see how much money is left for fun, and in this part of fun, people select for example: 10% for walks, 10% for beers or wines in some bar, 20% to go watch the games live in the stadiums, 10% for games of aza, and when doing that the percentage allocated to gambling will vary due to the cost of living rising, food prices are expensive, gas is expensive, electricity and water are expensive

so the trend will be an ever-increasing reduction in the amount allocated to gambling, so saying that I use 5% or 10% is something I can't say, my value depends on what remains after I pay my bills, but when I earn and profit so my bankroll increases and even then after I pay the bills and have money left over to play I add it to my bankroll, with the monthly bonus they allow me to play for a long time without having to damage my accounts, because I play for fun and I do very strict money management

famososMuertos

legendary

Activity: 1778

Merit: 2832

LE ☮︎ Halving es la purga

Well... It's relative, since first of all someone doesn't always use the money from their income to gamble, which is a big mistake, actually coming from someone (OP) who always writes about addiction, it's best to say 0 % and in fact if you can, you should keep it that way.

In my case it is 0%, I never use money from my main income to bet, the day it happens it would not be good, one should use extra money, maintain an income elsewhere and from there even dispose of whatever percentage.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

There is no concrete number we should think it is the appropriate percentage to gamble with it, IMO. If you feel it is time to have fun on casino platforms, then go for it and never limit yourself to some percentage unless you can't afford it at all. Maybe you will be lucky and that slot you play will hit the max multiplier on the bonus round. Well, it is still under the question but we are sure it is matter of time and luck it will pay your something big once.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: DoublerHunter on July 15, 2023, 05:16:20 PM

Quote from: wheelz1200 on July 15, 2023, 05:09:35 PM

Quote from: Oshosondy on July 14, 2023, 06:12:59 AM

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?

I don't think there is any good answer the way that question is structured. If you make $100k a year but your bills are 100k a year then 0% shoukd go towards gambling. On the flipside if you only make 40k a year and your bills are only 5k or something small a large percentage can go towards gambling. The right answer is no matter how much money you make only gamble with what you are willing to lose and that doesn't dig into your life's bills

^ I agree and the big question is how much money should be allocated towards gambling depending on various situations, such as one's income, expenses, and personal priorities. It is very important to consider the overall financial picture and not solely focus on the income aspect. For instance, if someone earns $100k per year but has bills amounting to the same value, it would be unwise to allocate any percentage towards gambling. Just because if someone earns $40k per year and has relatively low expenses, they probably be able to allocate a higher percentage towards gambling if they choose to do so. However, the key principle remains the same for me, only gamble with an amount that you are comfortable losing and that does not compromise your financial obligations as I said early, there is no appropriate percentage for gambling activities.

Lots of factors or things which are entirely different into each person when it comes to priorities and other spendings on which they should really be minding on prioritizing. There are some who dont spend much and there are some who do have lots of payables on monthly basis on which it is really just that right that they would really be giving priority into those things rather than on spending it on gambling which its never been that a wise move to be done. If possible then why would really be needing on making yourself that obliged on spending money on gambling? if you do see that you do have other priorities then it would really be that
just right that you should focus into something important but having some spending on leisure times isnt bad either as long you do have that moderation on your spending then it wont really be that bad after all.
Use the money which you can afford as always on which 5% would be ideal or not really necessary on these numbers or even it must be more lesser.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: wheelz1200 on July 15, 2023, 05:09:35 PM

Quote from: Oshosondy on July 14, 2023, 06:12:59 AM

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?

I don't think there is any good answer the way that question is structured. If you make $100k a year but your bills are 100k a year then 0% shoukd go towards gambling. On the flipside if you only make 40k a year and your bills are only 5k or something small a large percentage can go towards gambling. The right answer is no matter how much money you make only gamble with what you are willing to lose and that doesn't dig into your life's bills

^ I agree and the big question is how much money should be allocated towards gambling depending on various situations, such as one's income, expenses, and personal priorities. It is very important to consider the overall financial picture and not solely focus on the income aspect. For instance, if someone earns $100k per year but has bills amounting to the same value, it would be unwise to allocate any percentage towards gambling. Just because if someone earns $40k per year and has relatively low expenses, they probably be able to allocate a higher percentage towards gambling if they choose to do so. However, the key principle remains the same for me, only gamble with an amount that you are comfortable losing and that does not compromise your financial obligations as I said early, there is no appropriate percentage for gambling activities.

wheelz1200

legendary

Activity: 3640

Merit: 1407

Quote from: Oshosondy on July 14, 2023, 06:12:59 AM

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?

I don't think there is any good answer the way that question is structured. If you make $100k a year but your bills are 100k a year then 0% shoukd go towards gambling. On the flipside if you only make 40k a year and your bills are only 5k or something small a large percentage can go towards gambling. The right answer is no matter how much money you make only gamble with what you are willing to lose and that doesn't dig into your life's bills

Issa56

hero member

Activity: 1400

Merit: 911

Quote from: Oshosondy on July 14, 2023, 06:12:59 AM

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?

I don’t really know the appropriate percentage to gamble with, am not a frequent gambler, I gamble whenever I wish to do that so there is no any amount I do allocate for gambling. Whenever am busy sometimes I don’t even gamble in a week and whenever am less busy I do gamble more in a week. No matter the amount you allocate on gambling weekly or monthly, just make sure you are not addicted to gambling that’s just my main concern.

Quote from: retreat on July 14, 2023, 11:53:57 PM

My income per week is not too high, so usually I use a maximum of 10% of my income to play gambling and usually I spend it only on weekends to fill my time off.

You just said your income per week is not high. So why will you make your maximum percentage for gambling to be 10%? Don’t you think it’s going to affect you, since your income is not really much, then you should also make the amount you are gambling with to be very low so that you will be able to do other things with money. If your income is high, then I won’t care about the amount you spend on gambling, but if your income is low then you have to be very careful with the amount you are gambling with.

lionheart78

legendary

Activity: 2898

Merit: 1152

I do not have any percentage of income to apply to my gambling activity since I use fixed amounts for a bankroll depending on the availability of my funds. I have a fixed amount of $30 to $50 of my extra money regardless of my weekly income to use as a bankroll in my weekly gambling session. If I do not have extra money, I simply skip gambling that week. I am not planning to use any funds that are already allocated to certain bills and expenditures since I know it will be a headache if I overstep my financial boundaries.

klidex

hero member

Activity: 1414

Merit: 504

Leading Crypto Sports Betting & Casino Platform

Quote from: Oshosondy on July 14, 2023, 06:12:59 AM

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?

The percentage that I use from the weekly income is uncertain because sometimes I can use 100% for football betting.
Not because of anything like greed or addiction but when the club looks like a winner I will bet all my earnings.
It's very risky and doesn't need to be imitated, but this is very profitable for me when the club I choose is a strong club.
But if it's for casino games maybe I only use 10% of my income.

CryptoHeadlineNews

hero member

Activity: 994

Merit: 713

Quote from: Oshosondy on July 14, 2023, 06:12:59 AM

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 me, I don't think spending 10% of your weekly income on gambling to be a big deal, in as much as you gamble responsibly, and have set rules that guide your gambling habit to not exceeding how much you have planned spending, because you never can tell you may likely get lucky someday to win big or a reasonable amount if only you can gamble for the purpose of trying luck and having fun, while been open to whatever outcome that may come your way. However, the amount used for gambling may vary due to other peoples extra source of income.

Gozie51

hero member

Activity: 2520

Merit: 624

Quote from: maydna on July 14, 2023, 10:31:33 AM

Perhaps, around 5% too, but I never calculated it in detail. Usually, it's just depositing around $10-$20 into my gambling account, and it's enough to stay there for a week or even up to 3 weeks Grin

I never spend the money I deposit into gambling accounts because I don't have a large fund set up for gambling and only the money I can afford. Perhaps, other people have bigger percentage limits than I do, and I understand because it's an amount they can afford, and everyone who often gambles will use the money they can afford to gamble.

This seem the same here. It all varies on the circumstances of the bet for the previous week. If the loses are consistent then I could reduce and take a break. Of course the winning is not always guaranteed so it is better to take precautions. Sometimes I keep it around 2% , it fluctuates and not steady. If there are financial obligations to meet up to then I could reduce the betting expenses or not bet for the main time until I have the amount to bet without regret.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

I was between 2% and 5% of my earning amount but I finally chose 5% as the maximum percentage of the money I used.
Maybe some people use more than 12% of their income because they dare to take any risk that can happen.
But it's better to budget a little money for gambling for those who don't make much money from our income.
It will be better so that we will not have difficulty playing gambling and it will train us to use the same amount of money for gambling consistently.
But the percentage here will be relative or not the same because everyone's income is different, so the percentage here will also be different.

kamvreto

legendary

Activity: 1946

Merit: 1157

Enterapp Pre-Sale Live

Quote from: alastantiger on July 15, 2023, 09:10:57 AM

~snip~Unlike you, I don't use my weekly income. I rather drawing my budget at the beginning of every month and assign 10% of my income to gambling for the month. I also do not set out to gamble every other week. It all depends on some factors. What I have seen is that I usually don't even use up to the 12%. So when I win, I remove the capital and use the "profit or winning" money for my next wager.

Every month 10% is quite a large amount, but will there always be a budget for gambling every month? Wouldn't that be a waste? I myself only use below 10% or even very low for gambling because it is only entertainment. There is no budget target in a month. If the previous budget is still there and I'm still using it, I'll continue to use it to play. If it's for then I'm happy, if I lose I won't make another deposit until I want to gamble again. this simply depends on one's own desires, there is no routine gambling activity.

demonica

full member

Activity: 406

Merit: 109

I don't really calculate the percentage of the income I use to gamble but I can assure that I only allocate a small percentage of it. Probably more or less 20% of my extra money. But it still depends on how much extra money I have at that moment. I have other responsibilities so I only take money to gamble from my savings or extra funds. Since I make small bets to avoid big losses, I don't expect much wins in return. But I'm already content since I can still enjoy sports betting while having a chance to gain even a small win. As much as possible, I try to make the money I deposited on my account to last longer so I won't have to keep taking a percentage of my money to put it in gambling.

alastantiger

sr. member

Activity: 574

Merit: 310

Quote from: Oshosondy on July 14, 2023, 06:12:59 AM

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?

You strategy is a fairly simple strategy. Any newbie looking for one to adopt can easily adopt this. It reduces the need for chasing losses and other unhealthy gambling habits that could lure the gambler into addiction.

Unlike you, I don't use my weekly income. I rather drawing my budget at the beginning of every month and assign 10% of my income to gambling for the month. I also do not set out to gamble every other week. It all depends on some factors. What I have seen is that I usually don't even use up to the 12%. So when I win, I remove the capital and use the "profit or winning" money for my next wager.

Josefjix

sr. member

Activity: 1176

Merit: 279

yes

Quote from: yahoo62278 on July 15, 2023, 12:35:27 AM

I would choose less than 2%. Gambling should be seen as a way of entertainment, not a way to make money. Don't make yourself or your family suffer by wagering your whole paycheck weekly and praying you win. Just my opinion, but you'll be more secure taking the safe route.

We make income through our occupations on a weekly or monthly basis, depending on the type of work we execute, but I prefer that we deposit it into our gambling accounts only after we have adequately provided for ourselves and our families. I've come to understand to be disciplined, and I don't let gambling deplete my savings. In my perspective, the proper number is 5%. We all have our own take on gambling, whether we gamble with every dime we own or with an approximated calculated sum. Gambling should be considered a type of entertainment, something we do for enjoyment in our spare time. We should not be under any pressure to make money through gaming.

Oasisman

hero member

Activity: 2590

Merit: 549

Rollbit

Quote from: Oshosondy on July 14, 2023, 06:12:59 AM

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?

5% is a bit higher IMO. I would say 2% or less is the most appropriate amount percentage to allocate in gambling. There are far more important things to land my paycheck to. I would also choose be safe and pay all the bills and mortgages before I spend something for gambling.
We'll just have to consider that we always have a lower chances of profiting in gambling, most of the time we'll probably going to lose, after all we are actually looking for entertainment not to make money.
Although sometimes when you've got enough extra, I'd also consider less than 5% as the maximum percentage to allocate for gambling, but then again it won't gonna be consistent.

Topic: Appropriate percentage of income for gambling - page 11. (Read 1634 times)