Appropriate percentage of income for gambling - page 14.

Beparanf

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Quote from: Oshosondy on July 14, 2023, 05:12:59 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?

1% to 2% is the percentage I can allocate for gambling if I will be using my job salary since that’s already huge considering my job pay grade. I won’t go beyond 5% or else I might gambling part of my insurance and life savings funds.

I participate on signature campaign to have steady source of Bitcoin for my weekly gambling. I do feel very risky when I'm using salary huge percentage of my salary money because I always consider the work I done with my job just to lose it on gambling.

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Quote from: Oshosondy on July 14, 2023, 05:12:59 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?

In choosing the percentage for gambling we have to consider our income and expenditure. If you are a low-income earner, 5% will not be a huge sum to use for gambling. But some people's 5% can be in the tens or hundreds of thousands or even millions. An individual who gambles thousands of dollars weekly might not be proper even if he earns that much. Such a person might have to consider a lesser percentage. If some people spend 5% on gambling per week they might not be able to afford their needs because their income can barely cover their expenditure. These people will also have to consider lowering their gambling percentage. I will consider gambling above your 5% benchmark if my income is higher than my expense. But for now, my gambling budget for a month ranges from 2-3% of my income. I am comfortable with it because it does not have any negative effect on my budget.

cryptomaniac_xxx

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Quote from: Oshosondy on July 14, 2023, 05:12:59 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'm not sure though, yeah maybe 5-10% might be a ballpark numbers on how much we should spend on gambling. But personally, I don't have the numbers, I just play when I feel like it and that's it.

But maybe there are gamblers here that really play on a budget and so that is good to hear. At least we can enjoy the best of both worlds, we can continue with our gambling activity and then we can still have some money left in our wallet for other things. Hopefully though those who spend more of their money on gambling should slow down a bit so that they won't get addicted.

aylabadia05

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Quote from: Oshosondy on July 14, 2023, 05:12:59 AM

What percentage of weekly income do you think is right for gambling?

Less than 10% is enough for gambling. This applies to players who are not too addicted to gambling and who make gambling a place to seek pleasure. Those who are already heavy addicts will not have enough percent of their income to be able to play gambling.

Players with medium income (not too low and not too high) will differ in the amount that is considered sufficient to be provided for gambling.
Players who fall into the category of rich people, maybe the minimum that makes them satisfied reaches 40%.

ryzaadit

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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.

Yatsan

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Are you really using a weekly percentage of your income? 'coz in my case I only gamble extra money but I've been in a situation, it was when I started gambling, that I was really into it but not with percentage still. I have bet most of my funds and some sort of all or nothing kind of betting strategy. It did me no good so fortunately, I was knocked by the reality to not rely my fate in this industry. I do now enjoy sportsbetting wherein I am at the stage that it is enjoyment which I seek of more than getting rich in an instant. Well ofcourse a big win is tempting but once you have realized things, for sure gambling experience would be better on your end. We often lose but atleast we now enjoy betting.

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I think 5% of the income sounds reasonable for most of people. If we are talking about a person with a high income and a economical position which helped to keep that income for a indefinite period of time, then they could even get away with 10% if they do not become addicted to gambling and lose control of their budget.

This is a quite relative topic, though, for some people 5% of their income is 5$, for others that same 5% could be 500$ or 50000$.
At the end of the day what matters is to have fun responsibly and never wager what one needs to feed one self and one's family.

molsewid

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Quote from: ralle14 on July 14, 2023, 11:27:57 AM

My percentage isn't always the same because the casinos I use have different minimum deposits and minimum withdrawals. But I also have to say that 5% is probably the best weekly percentage if you know how to make that bankroll last for more than a week. I always use more than 5% if there's a promotion worth chasing and then once the promo is over, i'd cash most of them out and usually leave around $20-$30 as that's the amount I regularly deposit.

For me it is not good if you will put that in percentage maybe it should be in whole number not percentage. Because when you say percentage it will be adjustable and you can lose more depending on the allocation. So I think make it as an exact number so that it would not be a problem soon. You will be more disciplined if you have exact number rather than thinking like oh i am not yet at my limit percentage something like that.

livingfree

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The percentage to gamble weekly is subjective. Sometimes, there's really no exact percentage and amount on how much we should gamble. We just deposit any amount at our own will.

And for some other gamblers, there's no definition of percentage that they're willing to gamble especially those that are just up for the entertainment.

They're likely giving just sums of a maximum of a hundred bucks and as low as two to ten bucks depending on the mood that they've got. That's why it differs at most times.

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Quote from: Oshosondy on July 14, 2023, 05:12:59 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?

Actually making it less 2% is what I can totally give up for gambling since it's not that of a priority but trading. There's no right or wrong on how much you can give onto gambling it depends on your level of perception if you're ready to lose it or not since that weigh more compare to what we can actually win. Allocation isn't the question, it's about the risk and the responsibility if you lose it.

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I would say less than 2% because in the long run this is going to be failed "investment". So the less you lose the better. However, We are also not monks. People drink, smoke and gamble. We spend lots of money on other stupid stuff for fun too so it is fine to spend some money on gambling as long as you are having fun not greedy and 2% sounds just like the right amount. Life is all about balancing stuff. We need to balance fun and work so we won't go crazy.

ralle14

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My percentage isn't always the same because the casinos I use have different minimum deposits and minimum withdrawals. But I also have to say that 5% is probably the best weekly percentage if you know how to make that bankroll last for more than a week. I always use more than 5% if there's a promotion worth chasing and then once the promo is over, i'd cash most of them out and usually leave around $20-$30 as that's the amount I regularly deposit.

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Quote from: Oshosondy on July 14, 2023, 05:12:59 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 use 100% income here in the forum on gambling since my salary here is just my extra income without any allocation on my necessities but if I will be using the overall income using my business profit then I would say 0% since I’m already learned my lesson to not involved money from my business or salary on my job on gambling so that it will not bothered in an event that I lose. My wife has no comment on my gambling this way since I’m not spending money that should be allocated for my family.

I think the percentage is very subjective. For me, Only the money that I consider as disposable no matter what is the size is what can I afford to gamble.

maydna

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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.

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Quote from: Oshosondy on July 14, 2023, 05:12:59 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.

I agree with you and I voted 5% this is for us is the right percentage, part of 5% comes from my overtime pay and the salary will go for paying bills and for the family's basic needs, honestly, 5% is very small so you have to make the most of it.

Quote

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?

12% for me is already high but if you have other sources of income or business that can sustain your family's needs then it's justifiable, higher than 30% can be considered risky gambling and you are considered addicted to gambling, and there are people who do this, they work to satisfy their gambling addiction.

_act_

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Quote from: FatFork on July 14, 2023, 07:16:03 AM

What might be reasonable for one person may not be for another. In any case, we should all be aware of our financial circumstances and limitations.

It is in percentage, not amount. In trading and gambling that are very risky, percentage is used to know someone's threshold in amount of money to be used to gamble. The money should be small in percentage to the extent that if the person lose the amount, there will not be any problem. 5 to 6% is good but I prefer 5% or less. Sometimes I go for less percentage like 2%, but I go most for 5%.

Quote from: Solosanz on July 14, 2023, 07:24:28 AM

I don't think you should use appropriate term when it's come to each gambler opinion, someone can say less than 2% is appropriate, someone can say less than 30% is appropriate, or someone can say as long as it will not harm his life, gamble all the money is appropriate because you only live once.

Anyone that choose gamble all the money is appropriate is only encouraging addiction because it is very inappropriate and anyone that think like that does not like himself or herself.

Nheer

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Quote from: Oshosondy on July 14, 2023, 05:12:59 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?

Instead of being greedy and spending a large portion of your income or all of your cash to gamble and putting all of your faith in it to multiply your income, it is a very good idea to develop the habit of spending a certain amount of your weekly income on gambling. People who gamble a larger percentage of their weekly income typically have other sources of income that they can fall back on if things don't work out.

Though i have taken a break currently from gambling but i plan to spend 7% of my income on gambling because since I started earning on the forum i have not really participated in any gambling activities. Maybe when i have another source of income i may increase the percentage i take into gambling.

Quote from: coinerer on July 14, 2023, 06:31:59 AM

Your strategy is good and it is your luck that you are getting such profit from weekly gambling. but there is no guarantee how long this will happen because gambling does not guarantee anyone a profit.

You misunderstood what he said; he never mentioned gambling profits rather, he was referring to the percentage of money he allocates each week for gambling, and no matter what, he never reduces or increases that amount. He also always tries to set boundaries; if he was unable to gamble one week, he would transfer the money to the following week's budget.

sunsilk

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Quote from: Oshosondy on July 14, 2023, 05:12:59 AM

What percentage of weekly income do you think is right for gambling?

The usual term that we say about being able to gamble with the amount you afford to lose. That's why whether it is 5% and you afford to lose that amount then in your own term, that's good.

What you're doing is a good strategy and if that works for you perfectly, you just have to keep working on it. Some may afford to lose 10%-20% of their income.

And I even saw a few from us here that can gamble their entire week profit to gamble and they afford to lose it.

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Quote from: Oshosondy on July 14, 2023, 05:12:59 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 honestly I have not been ever thinking about this but usually my weekly income without signature which is my payroll is about 500 dollars and I only play like 30-50 dollars or max 100 dollars,this 100 dollars happens very rarely so my percentage is like 7-20% with average being about 10% and I don't think this is high,is something I can afford to lose,as otherwise I would spend this money to get to the movies or buying a new online course,of course online courses teach you things but they never give you the adrenaline you have while gambling so for me that percentage spent in gambling is money well spent.

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Quote from: Oshosondy on July 14, 2023, 05:12:59 AM

What percentage of weekly income do you think is right for gambling?

The percentage of what you can afford loosing at every time is what you should use gambling. If you receive money weekly, the percentage of that money that you do not need for any expenses or budget can be used in gambling. I do not think a fixed percentage should be adopted, because some weeks or months depending on how you earn, you will need more money than some other weeks for some other important expenses that will come up and will need attending to. At the end, the percentage you use for gambling should not exceed a certain amount.

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