Appropriate percentage of income for gambling - page 15.

swogerino

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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 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.

Stepstowealth

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

Solosanz

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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.

For myself less than 10% is already good, but sometime I gamble more because I still not satisfied, I'm not really that strict to control myself.

FatFork

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It is an interesting topic to discuss and hear different perspectives of the forum community.
I decided on a modest percentage of around 5% to 6%. That seems reasonable to me. However, I understand that everyone's financial situation and attitude towards gambling and risk-taking may be different. 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.

Oshosondy

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...gambling responsibly. Do not be addicted.

Quote from: coinerer on July 14, 2023, 07:31:59 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. This is not a problem if you gamble once a week and keep a weekly gambling budget limit and if you can afford to lose this money. Good luck to you. But keep one thing in mind that gradually do not sink into the deep addiction of gambling

You did not get me correctly. I did not say that I am making profit every week from gambling, what I meant is that if I win, I will not put next week 5% on gambling, it will be on my wallet or bank account, and that I would withdraw my profit for that week. But not that I win all weeks. That is not possible. I may lose all the 5% or I may lose part of it, which means I have to deposit another 5% the following week, or to deposit more to make it 5% in total. Gambling is not for profit making.

coinerer

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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?

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. This is not a problem if you gamble once a week and keep a weekly gambling budget limit and if you can afford to lose this money. Good luck to you. But keep one thing in mind that gradually do not sink into the deep addiction of gambling

KTChampions

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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?

If I'm not mistaken, this year there has already been such (or just a similar) topic and the majority agreed that 5-10% of spending from the total budget is normal (provided that the rest of the funds are enough for ordinary life without a financial deficit).
On my own behalf, I would add that the normality of the percentage that is spent on gambling depends on the size of the budget - if we are talking about millionaires, then even 50% can be normal. Someone being rich spends millions on yachts or something like that, but someone on gambling. This is a matter of personal choice.

Oshosondy

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...gambling responsibly. Do not be addicted.

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?

Topic: Appropriate percentage of income for gambling - page 15. (Read 1634 times)