Topic: Appropriate percentage of income for gambling - page 12. (Read 1634 times)
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Using 5% of your weekly income makes sense. Whatever percentage you gamble with depends on how much you can afford so if someone uses 12% of their weekly income, that's fine. I probably use about $10-$20 a week to gamble but I don't spend it for a week because I often leave the balance in my gambling account until next week so I don't have to deposit another amount. That's more than enough for me to gamble. After all, I don't gamble too much so the amount of money is still within my reasonable limits.
I usually only use about 5% of my weekly income so it's easier to stick to my gambling budget, after all I'm only a small gambler so 5% is enough to just find entertainment and have fun in gambling, sometimes less than that around 2.5% when I really busy with my weekend with family. So always put family first. because I only gamble on weekends and have to share time with my family too.
Gambling must be wise, I think 5% is enough for you to spend money on gambling, don't follow the rich people out there who gamble with big money, always look at ourselves and our abilities so we don't get trapped until it finally turns us into addicts, focusing on family is most important to keep us holding on to our consistency. gamble wisely
Gambling must be wise, I think 5% is enough for you to spend money on gambling, don't follow the rich people out there who gamble with big money, always look at ourselves and our abilities so we don't get trapped until it finally turns us into addicts, focusing on family is most important to keep us holding on to our consistency. gamble wisely
I think there are a lot of factors that can affect that percentage, such as how much you earn, whether you are single or married, in which country you live to evaluate the cost of life, and a lot more things that come to your mind when you are about to decide a budget for a certain thing. However, 5% does sound like a reasonable percentage considering all your expenses for the week or the month because you should be able to easily manage everything else in 95%.
When I used to gamble more often back in the day, I used to save this money if one week or month I stay in profit, for example, if I used my 5% for this week and got some profit on top of it, I wouldn't spend 5% more next week and add it to the bankroll but I would just use the previous money and save the 5% that I had to use for gambling.
When I used to gamble more often back in the day, I used to save this money if one week or month I stay in profit, for example, if I used my 5% for this week and got some profit on top of it, I wouldn't spend 5% more next week and add it to the bankroll but I would just use the previous money and save the 5% that I had to use for gambling.
Less than 5%. I often spend less though since some winnings are more often left over during my weekly/monthly sessions, so I just total that to what I usually deposit. I don't withdraw usually unless it's a really big win (which has never happened), so it's a pretty positive effect for me since that means a reduction in the usual amount I deposit. In the past, I used to deviate quite widely though in terms of deposits. Maybe if gambling was my only past time, I would, but sadly it isn't and there's quite a bit of stuff that I do enjoy as past times I spend money on.
I choose 10% of my weekly income for gambling but not every week sometimes with weekends always mostly spent on family vacations at places near my home.
I also see from previous winning sessions that weekly income will never be disturbed, therefore if there is no victory because of unlucky I again allocate 10% of forum income, this has become my safe route but I will not be too greedy in betting because to try what has been set from that percentage.
I also see from previous winning sessions that weekly income will never be disturbed, therefore if there is no victory because of unlucky I again allocate 10% of forum income, this has become my safe route but I will not be too greedy in betting because to try what has been set from that percentage.
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.
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?
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. However, to keep my gambling activities from interfering with my financial condition, I always record these expenses separately and calculate how much I spend and what I get from gambling. So far there's nothing to worry about, because I don't think my gambling activity has made a loss, but it's also not profitable LOL.
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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, the thing is that I hadn't stopped to think about it in terms of percentages, but I would say that, when I bet, it's usually around 5% or sometimes a little more, the thing is that I don't bet all the time. I can deposit 5% of my salary, gamble a little bit that day, and not gamble again for days or a week and then if I lose it, I don't gamble again for weeks. Gambling is not a continuous habit for me. And I think I'm right to keep it that way.
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% to gamble isn't bad. It is good that you are limiting yourself and you never exceed the limit. And you use your profit to further gamble. So, I am guess you gamble for fun, right? As long as it is for entertainment purpose and you don't spend all of it on gambling, then its fine I guess. But just make sure you always limit yourself. Never chase your losses. As for the 12%, where did you get the data from? I doubt there has been any research on how much % does a person spends on gambling. There is no fixed % of weekly income that one should be spending on gambling. It all depends on each persons financial status. For some 10% might be nothing, for others it might be a lot.
I don't allocate a specific percentage of my monthly income to gambling. I don't like the idea. Personally, I don't even think this is right. I mean, what's gambling, after all? Why do I have to regularly set aside a certain amount of money for it?
In my case, I gamble whenever I want to, or sometimes when a friend invites me. But that would depend on whether I have the extra money or not. If I don't have it, then no gambling for me. If there's an extra, then I will be betting within that amount.
In my case, I gamble whenever I want to, or sometimes when a friend invites me. But that would depend on whether I have the extra money or not. If I don't have it, then no gambling for me. If there's an extra, then I will be betting within that amount.
It depends, because I never set any part of my income to be spend on gambling. I used to gamble with my week's pay and the choice is to make an addition of $10 to the payment. In the process I used to loss most of the time. At times I win the predicted $10 and my gambling activity doesn't gets broken and it gets continued. This leads to big win as well as loss my week's pay. So, there is no perfect limit on spending.
No fix allocation to anyone since even though you already set some amount to spend but there are times that you deposit a little bit more just to satisfy yourself because you didn't satisfied yet.
Even if no fixed amount of money to use weekly, but I think we need to set the maximum amount to spend. I think it is the purpose why OP made a vote about how much the percentage of money to use weekly. If we want to satisfy ourselves, we may lose all our money. Everyone must understand if we will never be satisfied. When we got a loss, we probably spend more money to chase the win in order to make up for defeat. While when we wins, we may use more money in order to chase more prizes. Unfortunately, the chance to win is very small, using more money can't create more chance to win. Instead of earning more, people mostly lose more money. It will happen if you don't set a maximum amount to spend in gambling.
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?
Self-preference indeed since everyone has different financial status.
In my case, I'm not setting a fixed percentage on my gambling expenses. As long as I really feel on doing gambling, I will spend money on it. Not to the point that I will just burn my money for nothing but obviously, my way of betting is always associated with responsible gambling. Sometimes getting heated, as it usual, but will never breach the danger zone.
I also believed that, and I'm 100% sure of this that most gamblers don't have a specific percentage of their income that will be used for their gambling expenses. It's hard to follow honestly, especially for a regular gambler. There will be always that a limit will always be breached. In that case, just always keep being responsible.
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?
Gambling is not by force so whatever way you want to gamble is you decision. If you think 5% is only for you in the week and you are okay for that then it is nice. That 12% you are mentioning is under probability, there are some addicted gamblers that spend more than percentage per week. In gambling if you spend big and you have luck to win one game, you will win big so gamblers also look those factors to gamble. As for me there is no specific percentage for weekly gambling. You can gamble any amount of money but gamble what you can lost. The amount that when you lose it will not pain you.
that is true, it depends on the person's financial capability. some can go big while others want to spend a very small amount to their gambling. for me, much better if you will spend small, which won't affect any of your basic expenditures to live a decent life. because if you start spending more than what you can afford, your basic needs will suffer tremendously, you will find yourself in trouble.
so for me, there's no fixed percentage every week. it depends on the availability of extra money that i have for that period.
No fix allocation to anyone since even though you already set some amount to spend but there are times that you deposit a little bit more just to satisfy yourself because you didn't satisfied yet. For sure at the moment many long time gamblers here knows how to balance their budget that's the reason they can stay for long and been here with us playing for long time because they are been well discipline with their emotions and the money they spent on their playing time.
which i could really be able to lose. This is why it would really be that so important that you should be minding about your priorities and there are really times or moments that i dont gamble at all when
im not really on the mood which i could easily make myself stop with those kind of situation on minding myself on playing gambling since i do have much more important things needs to spend that money on or buying up something or whatever it would be except gambling. Less that 5% would be the most ideal spot on making yourself that safe towards addiction.
Stick into those numbers and you wouldn't really be finding yourself into big trouble when it comes to finances because you are really that spending a dime towards your gambling activity.
I have known someone or my friend who do spend out almost 50% of his earnings because he is really that believing that he could make money more and save up himself
on paying up his previous debts which is really that absurd.
If you're not making that much money, I don't think it's appropriate to spend more than 1% of your income at all. If that doesn't entertain you then I guess you'll have to look for a different form of entertainment, or better, make more money by getting more jobs or learning a skill instead of wasting your time gambling - but that's just me. You always have the choice on how much to spend, the thing is, everything should be accounted for first before spending anything for leisure or wants. This helps your finances fall into place and you not having to borrow money just because you 'enjoyed too much' in gambling.
I'll just come out and say it: there's no such thing as the "right" proportion. Akin to asking how much salsa to put on tacos. Of course it is, right? It's spicy for some, not for others. But if you're going by logic alone, it should be an amount you could lose without it seriously disrupting your life. This could be higher than 1% for some people and less than 1% for others. However, 12%...hmmm, it could lead to some serious budget issues. I get it; it's human nature to feel a twinge of jealousy when we learn of someone else's good fortune. But keep in mind that those are the outliers. In a nutshell, aim for minimum effort, minimum cost, and maximum pleasure. My two doge, if you will.
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?
Gambling is not by force so whatever way you want to gamble is you decision. If you think 5% is only for you in the week and you are okay for that then it is nice. That 12% you are mentioning is under probability, there are some addicted gamblers that spend more than percentage per week. In gambling if you spend big and you have luck to win one game, you will win big so gamblers also look those factors to gamble. As for me there is no specific percentage for weekly gambling. You can gamble any amount of money but gamble what you can lost. The amount that when you lose it will not pain you.
that is true, it depends on the person's financial capability. some can go big while others want to spend a very small amount to their gambling. for me, much better if you will spend small, which won't affect any of your basic expenditures to live a decent life. because if you start spending more than what you can afford, your basic needs will suffer tremendously, you will find yourself in trouble.
so for me, there's no fixed percentage every week. it depends on the availability of extra money that i have for that period.
No fix allocation to anyone since even though you already set some amount to spend but there are times that you deposit a little bit more just to satisfy yourself because you didn't satisfied yet. For sure at the moment many long time gamblers here knows how to balance their budget that's the reason they can stay for long and been here with us playing for long time because they are been well discipline with their emotions and the money they spent on their playing time.
There is no right or wrong with this one as long as you have budgeted your finances and set aside something for gambling, that can be good. You have to align this as well with your financial status and life situation, if you can’t have this one then create your own percentage that can work for you. As an occasional gambler, having a limited time in gambling can also a big help for me not to spend beyond my limit, gambling can be tempting at times but you have to stay committed and just focus on your goal.
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% of weekly income is not bad. In fact, it's too small but in my opinion I don't think it is necessary to allocate a certain percentage of your income to gambling unless you are addicted. I do spend more than that on gambling some week while some week I spent less. It all depends on how moody and financial buoyant I am during the week. For one to allocate a fix percentage on a weekly basis shows that gambling has made it to a list of priorities and to do which I consider as a sign of addiction. I gamble with whatever I have left after the necessary expenses. Does everyone actually earn on a weekly basis?
30% from my perspective, but you know each individual person have different income. If you are playing with "signature" money, to be honest the amount are to little for less than 5%. Should be around 5% but since the amount income I have are really small, my self around 30% from the income. If too small bankroll, just make donation to the casino.
What am I not understanding here? Do you mean to say 3% and mistakenly add zero? 30% from income is almost half of the total income and it's too much tbh.
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?
Gambling is not by force so whatever way you want to gamble is you decision. If you think 5% is only for you in the week and you are okay for that then it is nice. That 12% you are mentioning is under probability, there are some addicted gamblers that spend more than percentage per week. In gambling if you spend big and you have luck to win one game, you will win big so gamblers also look those factors to gamble. As for me there is no specific percentage for weekly gambling. You can gamble any amount of money but gamble what you can lost. The amount that when you lose it will not pain you.
that is true, it depends on the person's financial capability. some can go big while others want to spend a very small amount to their gambling. for me, much better if you will spend small, which won't affect any of your basic expenditures to live a decent life. because if you start spending more than what you can afford, your basic needs will suffer tremendously, you will find yourself in trouble.
so for me, there's no fixed percentage every week. it depends on the availability of extra money that i have for that period.
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