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.
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. 
Topic: Appropriate percentage of income for gambling - page 2. (Read 1810 times)
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.
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.
That's why having a job is very important, do not use gambling to solve your jobless problem, it's like using kerosene to take out a fire outbreak, that's not the solution, have a source of income first then use some money to start risking on gambling, you will have some losses and some wins but you will feel alright with yourself, knowing that you aren't jobless and money still comes in.
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.
That's why having a job is very important, do not use gambling to solve your jobless problem, it's like using kerosene to take out a fire outbreak, that's not the solution, have a source of income first then use some money to start risking on gambling, you will have some losses and some wins but you will feel alright with yourself, knowing that you aren't jobless and money still comes in.
More like everyone has a different percentage of their income that goes for their gambling habit, and we can't be sure if all the gamblers or the ones that've been answered in this topic really follow the percentage that they have given. I'm sure most don't have a track record of how much they have used for gambling in a week. Let's not be hypocrites; most people use money beyond their budget just to gamble. Not everyone has the strong will and control to limit their gambling expenses. To be honest, as I have a limit on what percentage I can use for gambling, I sometimes go beyond my limit, especially if I'm in a zone, but that zone is the winning zone because I have a strong boundary or limit if I know that my money is going overboard on my gambling limit. If, for example, I win quite a lot, then I will secure the initial capital and gambler the rest of the money until I'm satisfied with whether I earn or not, as long as the capital is safe already.
I do think so too that they have a hard time keeping that percentage strict because I feel like it's too constricting but that's just me and maybe you and me are just a bit skeptical about people and that there are people out there that can really keep that percentage and we're just a really bad at keeping a strict percentage for our gambling funds so we think that other people are being reckless and don't follow what percentage they've assigned. I'm the same as you, I almost always go overboard with my gambling but I do have an ample amount of funds so I don't do so much damage in my pocket whenever I gamble. 
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.
More like everyone has a different percentage of their income that goes for their gambling habit, and we can't be sure if all the gamblers or the ones that've been answered in this topic really follow the percentage that they have given. I'm sure most don't have a track record of how much they have used for gambling in a week. Let's not be hypocrites; most people use money beyond their budget just to gamble. Not everyone has the strong will and control to limit their gambling expenses. To be honest, as I have a limit on what percentage I can use for gambling, I sometimes go beyond my limit, especially if I'm in a zone, but that zone is the winning zone because I have a strong boundary or limit if I know that my money is going overboard on my gambling limit. If, for example, I win quite a lot, then I will secure the initial capital and gambler the rest of the money until I'm satisfied with whether I earn or not, as long as the capital is safe already. 
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.
It makes sense, about how much money will be allocated to gambling it really depends on a person's ability in terms of finance, if indeed they have a pretty good monthly income or above the average middle class person in his place then maybe if they are someone who is quite active in gambling then the amount they will allocate as funds for gambling will be greater than people who have a middle to lower income, but sometimes it's not always like that.There are also some people who have good finances but only put a small amount that if calculated is the same as the amount of funds put by the lower middle class, this is about understanding money and how someone can appreciate the money they have, no matter how rich or poor, or however large and small the amount of their income per month. So I think the amount of money that will be allocated to gambling is not fully known and we cannot if we only look at the size of their income to be able to conclude in terms of measurement. Another thing is the point is if you feel that the amount is not a problem to lose then please do it, and do not try to increase the amount.
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.
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.
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.
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
I actually dont really have budget for gambling tho if I want to 50$ is max 
in a month but all my salary goes to other things especially bill and food you know the inflation is keep rising war is everywhere economic is unstable 
I think the world is going to end soon.
so back to the question if you follow The 50/30/20 rule just dont above the 30% of the salary.
in a month but all my salary goes to other things especially bill and food you know the inflation is keep rising war is everywhere economic is unstable I think the world is going to end soon. so back to the question if you follow The 50/30/20 rule just dont above the 30% of the salary.
Before when I gambled I make around 10 percent to 20 percent of my income for the whole month those are quite enough to make fun and entertainment to my gambling satisfaction but of course currently the inflation gets too expensive and its too hard to make a good savings at all so right now with the recent percentage get lessen sometimes it takes me over couple of months again before to play or just around 20 USD just to gambling with the sports or e-sports game. All or nothing game.
I believe 20% is a very large amount even if you are earning a lot of money or less, it takes a big chunk of your salary which you can use for something more useful. However, it depends on one's personal preferences and their responsibilities. A person who has a family to take care of would probably not be able to use that much money just on gambling in a month because they will have a lot of responsibilities and we all know how hard it can get sometimes.I also agree with you that inflation has badly affected almost every single thing that we used to do. Even if we talk about food and stuff and if we don't earn a lot of money we have to compromise on their quality since we can't buy high-quality ones as they are too expensive and it will drain our pockets.
However if possible we need to save as much money as we can despite the high inflation we are experimenting, since the more money we can save and invest now is money that we can put to work for us and reach retirement age with way more money than the average person.
Before when I gambled I make around 10 percent to 20 percent of my income for the whole month those are quite enough to make fun and entertainment to my gambling satisfaction but of course currently the inflation gets too expensive and its too hard to make a good savings at all so right now with the recent percentage get lessen sometimes it takes me over couple of months again before to play or just around 20 USD just to gambling with the sports or e-sports game. All or nothing game.
I believe 20% is a very large amount even if you are earning a lot of money or less, it takes a big chunk of your salary which you can use for something more useful. However, it depends on one's personal preferences and their responsibilities. A person who has a family to take care of would probably not be able to use that much money just on gambling in a month because they will have a lot of responsibilities and we all know how hard it can get sometimes.I also agree with you that inflation has badly affected almost every single thing that we used to do. Even if we talk about food and stuff and if we don't earn a lot of money we have to compromise on their quality since we can't buy high-quality ones as they are too expensive and it will drain our pockets.
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Well, well, aren't you the moral compass of the gambling world? Now, cut through the nonsense; the reason people gamble is not that they're dumb or haven't heard your "groundbreaking" advice about budgeting. They gamble because they want to escape, feel the fun, or because they're just straight-up addicted. The "amount of money we can afford" logic is hillarious, but in practice, people rarely stick to it. Humans are f**king bad at assessing risks and rewards. You see, the issue isn't just budgeting; it's a lot deeper than that. Maybe sit down, and let those of us who understand the complexities take the stage. (not me though 
)
Maybe in some countries, the standard of living is good, and people who work can earn a good income that allows them to lead a comfortable life. In such cases, it's easier for them to allocate a certain percentage for gambling. However, in poor countries where their income isn't even sufficient for a comfortable life, then they have no business gambling. In the end, it's not about the percentage but your capacity to gamble. I believe in the principle of gambling only what you can afford to lose, so if you can't afford to gamble, you should not venture into it.
Gambling is never an obligatory thing that one should actually engage in it. It’s an individual’s choice to gamble and to reserve an amount that you won’t be regretting once totally lost. However, for those who are only earning low income and have difficulty in making end meet, then do not pressure yourself to engage in gambling. Gambling can definitely wait, so do not be obsessed with it, and while you are busy thinking how to create luck and change your life’s status, just focus on looking for a stable job that will certainly put food on the table without relying on gambling on one side.It should be like that, I mean don't let you (poor people) have an interest in gambling because obviously it will only make you worse and will only add to the problem, it is very dangerous for you because if you are addicted then you will get poorer and maybe you have no way to live anymore because everything you have is likely to be used for gambling, there are many cases like this and they even dare to steal just to gamble. Yes that's right don't get obsessed with gambling, it's not for the poor alone but for everyone. And yes I hope you live normally by relying on your main job only, and if possible do not touch gambling.
Before when I gambled I make around 10 percent to 20 percent of my income for the whole month those are quite enough to make fun and entertainment to my gambling satisfaction but of course currently the inflation gets too expensive and its too hard to make a good savings at all so right now with the recent percentage get lessen sometimes it takes me over couple of months again before to play or just around 20 USD just to gambling with the sports or e-sports game. All or nothing game.
Real gamblers have no limit and no percentage, they gamble as the as the mind direct them and as they wish.
This looks like a hobby, not as a real gambler, because a gambler is a professional job that needs the skill to get money or profit. Your statement is the same as we exercise sports, golf, billiards,etc where we aren't professional jobs. Yes, when we exercise that sport, we don't need percentage and profit, we play as a hobby for fitness. That is different when profesional sport r gambling, they need win and percentage for next step. 
Non-wealthy people have a lack of education in finance and investing, and they are more likely to see cryptocurrencies as a scam, as this is the vision that many governments are laying down through television propaganda. They have a stereotype in their minds that investing requires a lot of money, and they do not realize that gambling is more risky than investing in cryptocurrencies.
It's an elevated thought if they still think cryptocurrencies are fraudulent currencies. That is a fact and until now many still think that because of a lot of government propaganda against bitcoin or crypto while people who do not have education in the field of investment, their minds will only be focused on the government not their own ideas or other inflation.One more thing is that gambling is now considered normal and this is a habit to keep spending money to get rich quickly, the thinking of this scheme has always happened to middle to lower class people because in investing they cannot possibly earn 1 or two years so the shortcut is gambling but that is the wrong way.
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.
Maybe in some countries, the standard of living is good, and people who work can earn a good income that allows them to lead a comfortable life. In such cases, it's easier for them to allocate a certain percentage for gambling. However, in poor countries where their income isn't even sufficient for a comfortable life, then they have no business gambling. In the end, it's not about the percentage but your capacity to gamble. I believe in the principle of gambling only what you can afford to lose, so if you can't afford to gamble, you should not venture into it.
They don't remember that they have more urgent needs, as you mentioned. And if they can be wise in using their money, maybe they won't gamble too often and would rather use it to meet their needs. But it is better to replace the percentage with money that you can afford because we don't need to provide money according to the percentage but the amount of money we can afford. This prevents large losses, especially since we need the money.
) 
When I see the thread I laughed because the question looks like someone who is just coming to the gambling field and want to know more the amount to be gambled but when I look at the OP, he is a Sr. man in the gambling section. Those percentages you mentioned is meant for those who are not into gambling for long run but just for fun and gambling to pass time. Real gamblers have no limit and no percentage, they gamble as the as the mind direct them and as they wish.
Addicted gamblers did/do not give percentage in their gambling. They gamble as the soul command and the mind tells them to play. And that is why there are sometimes they played everything they have and go home with empty hand. And come back in the next to with the hope of regaining their previous loss. As I said, real gamblers do not set a limit for their gambling.
Addicted gamblers did/do not give percentage in their gambling. They gamble as the soul command and the mind tells them to play. And that is why there are sometimes they played everything they have and go home with empty hand. And come back in the next to with the hope of regaining their previous loss. As I said, real gamblers do not set a limit for their gambling.
well, if someone is poor from the start why would they gamble? instead of using their money for gambling, it is much better for them to use their money for better things such as buying milk for their children, saving money, or they can buy bitcoins in small amounts and that is much more profitable than hoping for luck in gambling which in the end will make them continue to be poor.
Usually, people who gamble from a lower middle class economy mostly hope to get rich quickly so they don't care about any losses they experience. On average, most of them never think about choosing to invest in Bitcoin or anything else, they will only gamble because gambling is the only fast way. to get rich and be able to change their lives quickly.But the facts are not in accordance with what they expected and in the end when they feel addicted they will waste their money and become poor so they forget about their family and even their wives and children, it all comes back to their mentality, if their mentality is still poor then they will forever be like that but If they are mentally successful, they usually know how to be successful.
Non-wealthy people have a lack of education in finance and investing, and they are more likely to see cryptocurrencies as a scam, as this is the vision that many governments are laying down through television propaganda. They have a stereotype in their minds that investing requires a lot of money, and they do not realize that gambling is more risky than investing in cryptocurrencies.
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