Topic: Do you think as a gambler we should allocate specific amount to gamble? - page 3. (Read 1034 times)

I think spending 1 - 10% will not be too big of a problem because it is still a small amount of a person's total income, especially when they have an income that is quite good or equal to people in general with minimum wages, because if it is not between 1 - 10% then how much more should be allocated for gambling? I understand that a smaller amount like 0.50% may be better and safer but most people will not be comfortable because with that amount they will not be able to enjoy gambling for quite a long time, at least half an hour.

If you say that it is too big an amount to waste then I would say that there are two choices: you still have to choose an amount between 1 - 10% to bet or don't bet at all, I think there are only two options .

Yes of course, if you didn't want to allocate specific amount to gamble, you must have learn to allocate specific amount first, if there's nothing wrong and you can stick with your plan even when you're angry or stressful, you can choose to not allocate for gambling anymore.

Just like muscle memory, if you train your mind everyday, it will make you have a habit. In this case, the habit is self control, having a high self control will make you not spending too much for entertainment.

If a person spends 1 to 10 percent of his monthly income on gambling, it may not create any hindrance for him, but when he spends more than the budget, he will definitely use necessary money which is needed everyday life, After a certain period disaster come to him. In gambling even if a person has multiple sources of income, he should keep a certain amount of budget on gambling. When that limit is touched the gambler should take a break from his gambling. When gamblers become addicted, they lose common sense and at some point they are exposed to huge losses.

    -     Maybe if you earn 1000 dollars per month, I think 5% is a lot for me, because he is on 50 dollars, then let's say once a week the gambler plays gambling, which is 12.5 dollars every week. Maybe this is a small amount for others.

But in the countries that are among the poorest countries around the world, it is already big, but even so, it always depends on the gambler how he will do it. As long as possible, we should really limit gambling so that we can control it. the money we put into the casino.

1% and 10% are a huge difference in spending, sometimes we can already generate other sources of money from a few percent like that, even though those are the amounts we can earn more but it's bad to waste the opportunity and give it away on meaningless entertainment like gambling. Furthermore, you are right that a gambler's position does not come as a guest of entertainment, they come with the pressure that is generated from this as well as a forced win, become a puppet and lose their emotions with this endless game

never crossed my mind and have never taken out a gambling loan just to play. I am more effective in using personal money, because if I borrow money it is not certain that the money will come back or bring good luck. For example, if I lose money on a bet, I don't make a re-deposit on that day. come back at a different time. if we have big ambitions it will only cause emotions to occur and not be controlled

Do you think as a gambler we should allocate specific amount to gamble?
Yes, I believe any moderate gambler should allocate a specific portion of his income for gambling, although this person shouldn’t always do this thing or he is obligated to allocate the same amount every time. More times you ignore and skip gambling that week or month, the better for your health and pocket.


Personally, I don’t have a stable income and that’s why I only use the extra small payments for gambling. As any gambler, sometimes we fall into the trap of seduction and gamble more than what we planned. I noticed also the more your percentage of gambling compared to your income is higher, the more you are close to addiction. However, as you mentioned this tip also can help maintain a discipline way for gambling and prevent overspending your money, and never touch your emergency funds.

There's nothing we can do if we are already addicted, so we should prevent ourselves from getting addicted in the first place. This way, we can continue gambling based on what we can afford to lose. We need to have a budget and stick to it. It doesn't matter if we're rich or not because we know our own finances and we're the only ones who can manage them.

Some might say that rich people spend a lot of money on gambling because they are rich. While that might be true, it's a wrong mentality. Being rich doesn't mean they won't go bankrupt if they don't manage their money well.

I think it's just a difference in how the gambler uses the money he's going to use in gambling, as both still allocate funds for gambling.
Those who use the percentage method or the amount of the monthly salary do not mean that they will always gamble with what has been determined because of course the money used is still idle money, so if in one month it turns out that the money has been used up in more important allocations without including gambling then he will not gamble.

So gambling with a set value of monthly salary or just spare money is important that it is an amount that he can afford to lose, because even though gambling is only for pleasure does not mean he can arbitrarily use money for gambling when it is money for his living expenses in one month which when he loses it actually makes him unhappy and affects his life for a month.

OP, above all, we should gamble with the money that suits our kind of person and the plans that will never hurt our finances. Ever since I've been gambling, I've never allocated a certain money for gambling specially, I only gamble with some random amount depending on the amount I can spare that time and my moon towards it. If I closely weigh it, it has always been an amount that if I lost it can never affect me whatsoever.  That is how I prefer gamblers to think and act as well but we are free to do whatever we want to do. Also, when I am trying to earmark certain money for gambling, I make sure that I do not view it as a must. As we all know, gambling is not the smart way of income and since I have my source of income, it has never been difficult to view it as less important to my living.

With this mindset, I have been able to do without the compulsion of gambling, and if I lose money initially deposited, I might not even think about depositing again for a month or more unless I feel like doing it. But to avoid taking too long to deposit, I rather reduce the risk I wager per bet and it has been helping me to sustain my deposits for months in my account. Notwithstanding, I've seen and heard people allocating a certain portion of their earnings for gambling, well, it may only be a smart idea if gambling is positive to them, but if it is always negative, so why earmark the portion you will be losing/wasting from your income?

Yes you are right on that because gambling with spare cash seems so stupid to me because you would always keep gambling at all times but to keep a good practice is when someone set a limit or the maximum amount to be used to gamble per month at this point if those money are exhausted there's no way they could go use any additional funds that is not planned for gambling to gamble even though it a spare cash at least they had already met their gambling budget for the week/month so the person will be a responsible gambler instead of becoming addicted Gambler who always gamble with any amount that comes into their hands as spare cash, to me they aren't regulating their activities as a gambler.

That’s actually worse. If you only use ‘extra’ money, you are going to end up use more because you did not set a budget for it. Limitation is always good as it promotes discipline.

You are going to end up reducing more expenses just to have extra money for gambling.

Setting a limit will require you to not spend any more even if you want to.

It's easy to talk about budget when you don't have a strong gaming addiction. And if it is present, then what to do in this case? How to resist the temptation to win back money that has already been lost? Don't have an answer to this question? That's what I'm talking about. It's not as simple as it seems. At first I also thought and reflected, but practice showed completely different results. It got to the point where I even had to borrow money to play.

If you can't avoid gambling, it's for the best and the smartest move for you to allocate some money when you're gambling, and if you don't have a lot of money, you'd probably be fine allocating the smallest percentage for your gambling habit, that's the only way in my opinion that you'd enjoy your experience each session, lack of enjoyment and fun in your gambling sessions lead you to believe that you weren't satisfied and you'd probably be gambling more than the money that you've budgeted for that specific time.

It's not just those who aren't rich who shouldn't gamble beyond their means, even those who are rich, I don't think that means they can gamble freely. Those who are rich still have to be able to limit the gambling they do by not gambling excessively because the consequences are the same as ruin. Those who are rich or not have to be able to regulate the gambling they do. If they have a lot of money, they do have a greater chance of gambling. freely, but that doesn't mean they can continue to gamble using large amounts of money.
It's true what you say, we should be able to allocate only a small amount of money for gambling from the income we already earn. looking at the other side there are more important things to pay attention to than gambling, so don't prioritize gambling by spending a lot of money. This applies to everyone without exception, rich or not, the same must be able to limit the budget allocated to gambling.

Whether it is 1% or 10%, there is nothing wrong with spending a lot as long as it is our extra money. But what we usually think is that if we gamble, we certainly lose which gives us some pressure. But if we just think I do this to have fun, even spending 10% could give us regrets. Unfortunately, we think of winning which absolutely changes our way of gambling and mindset, and when we lose, we tend to gamble more to take back our losses. We've been driven by our wrong mindset which is why we always feel disappointed and this is the reason why we don't feel satisfaction anymore.

Yes, you know when an amount is set for a particular task it makes it very easier to reduce over expenses or let me say random spending because there is an amount that is already been tied to it but when gambler doesn't have a fixed amount for gambling and they gambles with their spare money it makes very open to gamble with anything that comes into their minds and that they would continue to pinch every little bit of their money without control or limits to which they wanted to.

Financial management is the sure bet to staying long enough in the game asides which you will go bankrupt sooner and may never be able to gamble again except you will accept the gate of turning into becoming a debtor gambling, it's also not a very good route to take, I mean borrowing to gamble when you have lost all your initial funds gambling because you are not been careful gambling. All along, using 10% is something I even consider as too much already because gambling is supposed to be seen as a means of entertainment so when you spend 10% of your income getting entertained it portraying some level of irresponsibility because for someone who's got a whole lot of bills to take care of, I believe 5% is enough to get them enough entertainment gambling or even doing other things which they find entertaining which they have to spend money on.

Judging by the stats of the poll, majority of the voters are of the opinion that gambling should be done with 1-5percent of their income. I don’t know if the voters actually practice this in real life but I believe every negative thing that happens in gambling is as a result of gamblers risking more than they can afford to lose. I believe if more gamblers adopt this approach to gambling, there wouldn’t be as much negativity associated with gambling.

must apply financial management to be regular and wiser. Playing gambling loses to win ordinary things but it needs to be realized not too rash to avoid the destruction that is not want, many examples of people who become addicts because they cannot manage the financials that must be allocated gambling entertainment and daily life. Excessive effects that become emotional due to losing a lot of money. So for me to apply important management, 1% or up to 10% is still normal if it exceeds the limit of our salary will definitely be carried away by the waves