Topic: Do you think as a gambler we should allocate specific amount to gamble? - page 4. (Read 1034 times)

Yes, anything that beyond 5% would really be just that too much. The only issue on here is that when you do say 5% and if you are really just that earning $100-200 in most 3rd world countries then it would really be that basically means that you would be spending $10 on every month on which we know that this is really that something which is really that too small because even on speaking about the fees on simply making up some deposits would really be already taking up the huge slice on the said bankroll that you are planning. This is why they would really be planning on adding up more money which it is really that more than on the amount that they have set earlier and this is where problem do start to kick in on the moment that you have that made out such bad decisions and this is really that very common in every gambler
and this one isnt really that a shocking thing.

Well, in my opinion, it is better to allocate some funds to your gambling balance when making a budget for the month, and I think 1-5% percent is feasible depending on the income strength of the gambler. Some people gamble without budget, and that is why they even end up to spend money that is not meant to be spent on gambling. Budget spending can actually help an individual live a reckless spending-free lifestyle, and it is applicable to gambling. If a gambler gambles with budge, it will help them live an additive-free lifestyle. It might not really work for everyone because we are all wired differently, but most people who live their lives according to the budget they make will not easily become addicted to gambling if they are gamblers. 

I would say anything between 0,9% and 5% of one's monthly income would be fair enough. Though, that is highly dependant on the situation of the person and whether that montly income covers all their expenses of the month easily or not. perhaps 5% would be too much in the case we are talking about a millionaire person how keeps businesses running and other assets to spare, on the other hand, with a minimum wage of 400$, we would be talking about 20$ per month, to me that does not sound unreasonable.

I also would like to point out that "spare money" or "pocket money" are very subjective terms. In the same way "money one can afford to lose" is subjective.

This is completely logical if we want to deduce a general rule, and the only general rule that applies to all cases is “Do not gamble with any amount that you are afraid of losing,” regardless of its size. I believe that this applies not only to gambling, but to any other recreational activity (if the gambler is an amateur) or any investment activity as well (with the difference that it is possible to risk applying for a loan for the purpose of investment).

What I concluded from Op’s thesis is that he is hesitant about the percentage that he will allocate monthly to gambling, considering that he is an employee who receives a salary every month, and he did not take into account other cases, such as those who work in freelance or business owners, who undoubtedly represent the largest percentage of gamblers who are able to spend large amounts. My advice to him is to diversify his sources of income so that he can allocate an independent budget for gambling activities away from his monthly salary.

This is right international especially on topic like this that has a mixed opinion with all users due to our preference on managing our bankroll. I personally preferred allocating my bankroll from my salary if I’m into gambling for that moment.

I’m not always feeling the urge to gamble especially if there’s no promotions that catch my interest. I’m too lazy to gamble on regular basis without promotion because I think bonuses is our way(players) to have an advantage against the casino to increase our profitability.

It depends on my mood whether I want to allocate or not when gambling but most of the time I do budget as way of self control.

Yes allocating a certain amount for gambling is a must if you do not do it then you will not be able to manage your finances it could be that the money that is spare / emergency savings can run out because there is no certain allocation this will continue to drain your money if you are addicted.

If the result of monthly income then it is 1-5% but there is an addition where other sources of income such as a little get from the usual airdrop will play a little for gambling. If there is nothing from other sources then I will allocate a little bit maybe I don't want to lose more to gambling.

Each individual has their own allocation, sometimes from their monthly income is different from us, it could be 1-5% big or small depending on the income.

Setting the amount of money to gamble is a must, which is a limitation for us not to lose more than what he can lose, it is one of the principles of responsible gambling, setting the amount of money to gamble is setting limits to lose money.

Yes, a lot of people lose more because they lose control when they don't set limits, such as setting the amount of money to lose on gambling, but some people are skeptical about this, they prefer not to limit the amount of money they want to spend on gambling, such as a percentage of the money they get per month.

If you are a regular gambler,  allocating specific amounts from your personal income will be very much adviceable. The reason is so it can help you regulate how much you spend on gambking or how long you spend at the casino. But for gamblers who gamble once in a very long while, weekly or monthly allocations might not really be necessary. The most important aspect we should take seriously is our ability to control ourselves when we gamble. You can set gambling limits for yourself and still gamble like your life depends on it while that gambler who just walks into the casino without any specific allocation will go home safe because he knew when to stop.

One kind of strategy cannot work for everyone, that  is why every individual should know the best strategy that works for them when it comes to reducing their risks. The most important thing is that gambling is being approached with caution and responsibility.

I have always advocated that people should set an amount that will be allocated to gambling each month, but they can only set this amount after paying all the bills they have and with the money left over they can make a list of things they want to do. to have fun and allocate money to each thing they want to do to have fun. For example, in the casino of a person who has a job and a salary of $500, that person should not take the $500 and go play while they have not yet paid all their bills and that person also cannot think that gambling is the the only forms of fun he should have

The right thing to do is for this person to take the $500 salary and pay all the bills, if there is $100 left, take $30 and keep it in the bank, take $70 to have fun and make a list of things to have fun with, take $20 for gambling, take $20 to go to an animal park, take $20 to spend time with your family, take $10 to pay for a walk with friends. It doesn't matter if the amount allocated for fun is low, the most important thing is that it diversifies the fun. This prevents addiction

Yes, that's true, but in this case I think it's better if we generalize all the financial situations that everyone has, simply put, rich or poor, of course allocating a small amount of money for gambling is much more recommended, or that means whoever you are and whatever your financial situation. Of course, it is always recommended to bet without exceeding your limits. Because after all gambling will have a very significant impact, and I understand that rich people have a much better financial situation than poor people, but if we talk about gambling then it is clear that this is an idea that must be applied to all of their gambling approaches.

Because no matter how much money you have, if you have the wrong approach which tends to always be aggressive then it is clear that in the end you are also very likely to lose all your wealth assets in an instant, so of course this idea applies to everyone, and yes, lastly, maybe I agree with you that from the start we have to get used to only betting small amounts, but I would say that this action can only be done if from the start they understand what gambling actually is like as a whole.

Its a game where winners know when to hold 'em and know when to fold 'em. I like this budget idea. Its smart. Its disciplined. Its how you take control, like I did with my businesses.

The money is power. Know how to use it. If you budget for gaming, you know it shouldnt affect your expenses, family, or anything else vital. The art of the trade is there. Gambling's fun yet risky. Be honest with yourself. Good for you if you're making money and investing it sensibly, like in real estate. Unfortunately, not everyone wins at the tables. Know your limits. Avoid game addiction. Be smart, disciplined, and most importantly, in charge. Thats how to win in life, not just casinos.

Only rich people gamble too much, but gamblers who are not rich are not entitled to gamble beyond their capacity. What will happen is that their lives will be ruined because of gambling because there is already an addiction that has formed in them.

So it is better that, from the very beginning of gambling, we get used to the small amount of money that we will gamble in a casino. Let's say that we allocate 10% of our salary to gambling every month or in the middle of the month. That's what any gambler should do.

From the past until now I have used side money for gambling, I mean apart from salary or basic income, overall there is no definite percentage for that, Sometimes I get $100 in tips/side money, I use it all for gambling, sometimes I use half of that money, in essence the side money I get varies, it can be $100-$300, Of course I don't get that money every day, if there is a jop of course I can easily get it, if there is no jop, of course I won't get the money.

The point is: I gamble freely without any coercion and what I use does not come from my salary, so I don't need to measure percentages to gamble.

There’s a pros and cons doing this depending on the person behavior since we have different tolerance and thinking on our actions.

One of the cons of allocating money to gambling from your monthly salary is you will be encouraged to gamble every since your salary is already set as reminder to fuel your gambling activities which can be avoided if you don’t have plan at all.

Pros is when you don’t have self control while you really like gambling in regular basis since it will help you to manage risk involved on gambling which is already part of your regular activity in monthly basis.

I gamble if theres an extra money like let's say for the total monthly I just play around 2$ of my earnings of course we are doing cutoffs every work so I guess I will play at the end of the month because playing every cutoff seems quite a bit short to play instead you have a budget at the end of the month most likely we settled our bills back on the discussion is just that approximate because personally, I do settle what my daily needs and savings as you growing up you have responsibilities over playing gambling yes it gives entertainment, joy and fun but we are using our money in other things now just small amount is enough to give yourself a small entertainment.

a gambler don't really have a specific amount mostly when you really needed to win a very huge amount, so for me i know that gambling it's something that can bankrupt someone life so the only thing is to know your limits. And we all know in gambling that the higher the amount you stake the higher amount you got in return, so in this process you don't really have an specific budget for gambling or any spare money kept for it. And first their are set of gambler, the addicted ones and the ones who gambles for fun but they are all using money to gamble. The difference is that the addicted can't have a specific amount when it comes to gambling, but the ones which gamblings for fun can set up a budget for their selves because they aren't aiming at any specific amount in return while gambling. So it's clear to me that if you want to go into gambling just know that you'll spend more money than the ones you'll get in return from the casinos gambling.

It is not recommended to exceed the budget limit for gambling, this will make you even more stressed to meet your daily needs if you lose. In my opinion, every gambler has their own discipline or patience in playing, usually this is what makes them lose a lot of money when playing. Having a good chance in that round he raised his bet quite big and but the result was not as expected, his opponent actually won. I've seen incidents like this. It's true that we should only play for fun when our money is lost, of course we are ready for this, don't expect too much to earn income from gambling, this will make you even more addicted.

When we talk about allocating an amount to gambling doesn't mean that such amount is not useful but it's just a kind of controlling one's spendings on gambling because if a gambler doesn't set out an amount to gamble with then he may end up spending more than he expected due to lack of financial management. As someone who receives salary or wages, it is very important to manage your income so that you that spend so much money on frivolous things. Gambling is for fun and of which even the normal fun we do seek for in other aspects of life we also do pay for it so there is no big deal about spending a little amount in gambling even if you don't win so that you can be able to bear it when you lose so if a gambler doesn't allocate an amount for gambling it can lead to excessive spending which they may end up regretting there after. A spare money is not necessarily an amount that's not useful but money that is left after you must have spent some money on more important things.

In life generally, we should learn the habits of planning how we spend our income because if you don't do so you may likely be spending money on things that are of less importance. Scrapping out amount for gambling is a good way to responsible gambling and not gambling to addiction since after you exhausted the money allocated to gambling you gonna quit till your next budget when your income arrives. Doing so will save you from spending so much time in gambling activities and have time for other things of life, it will also make you to be more careful about your expenses and you gonna spend within your limit.

Do you think as a gambler we should allocate specific amount to gamble? The answer is Yes if you a gamble you know the risk that gambling is involve money and if you dont set a budget you can go crazy and lost all of your hard earned money.

We know ton of story here in bitcointalk and other chat platfrom that people lost control and lost all money because fear and greedy so the point is yes we need to allocate some money depends on your strength