Topic: Don't bet more than you can afford to lose. - page 11. (Read 1352 times)
Gambling is always comes with a high risk, because it is possible to never earn money or may lose money too. So if ever I have earn $2000 dollars a month, I will set aside my money first by saving it to cover all the daily needs of my famiy and emergency expenses.Then maybe I will bet 10% or 20% of my remaining money for gambling.
It all completely depends on how much your monthly expenses are. After your rent, your bills, food, etc are taken care of, then how much is left. After that, did you contribute to your retirement plan? Are you on track to meet your retirement goals? Only then can this question be answered. It’s as simple as that.
A lot of people in 1st world countries do not care about retirement plans and even care about their future, because they know the government will provide for them, if they reach an old age. Some of these countries have social grants that will pay them from other tax payers contributions and they even pay for their health care.
People should not gamble, if they cannot afford any of their daily needs.... period! Go to the chat channels on these gambling sites and just see what some of these people post... it is scary what people do to gamble.
We always read the words "Don't bet more than you can afford to lose", but are we really following that safe principle in gambling?
Sounds like holding . "Invest what you can afford to lose" lol.Quote
So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.
2000 dollars is Huge amount to earn per month in my Country so if i am earning that amount? i only need 400 dollars to sustain all my family needs (Since i am owning my own house ) so meaning i have plenty to decide?Please use the amount as a basis for your answer.
I will safe the other 1000 dollars for investments and savings , so i have a 600$ money to risk and spend for gambling .
We always read the words "Don't bet more than you can afford to lose", but are we really following that safe principle in gambling?
So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
If I get an income of $2000 dollars, then I will prioritize daily needs, bills, and other necessities, but I guess there will still be 30% left. So 15% can be used for savings and 15% can be used for gambling. $300 is a sufficient amount for gambling and if I can win then I will have more money to buy something I want (or just to save), but if I lose then it's okay.
We always read the words "Don't bet more than you can afford to lose", but are we really following that safe principle in gambling?
So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.
probably a percentage of the amount that will be left once I paid all the bills, food, etc... I can't really give an exact number of the percentage since I am pretty it would vary on how much money I have left once I paid all things that needed to be paid and how much and how long I want to gamble. So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.
$2000 is a huge income for me and what I need for a month will pay off and even more, and maybe the rest I will use to gamble.
because I am not an active gambling player then I will use about 5%-10% to play gambling for fun and fill my spare time which I think is that big I will not feel a loss if I lose and if I win is luck, and other reasons because I have steady and full time job that does not allow me to actively play gambling every day. so just in free time only and 5%-10% seems appropriate.
because I am not an active gambling player then I will use about 5%-10% to play gambling for fun and fill my spare time which I think is that big I will not feel a loss if I lose and if I win is luck, and other reasons because I have steady and full time job that does not allow me to actively play gambling every day. so just in free time only and 5%-10% seems appropriate.
So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
The $2k income for a month is huge enough already to sustain the needs of my family for the whole month. So what I will do is I will set aside first the needed expenses for food, bills, transpo and the budget for wants of my kids. I can probably save 40% as my savings and will set a 5% for my own leisure since I only gamble during off to my work and with limitation. Im not after to win big because what matter to me is to entertain myself. But of course who dont want to win in gambling right? Its just that im not hoping too much.
It also depends on your purpose in gambling, if you are just gambling for fun then most probably you will not spend like 10% of your income and higher, but if you are gambling with the purpose to be successful (which is not impossible), then you will surely set an amount that would be able to give you a decent win in case you succeed.
Here you still need to take into account the character and willpower of the person who decided to gamble. If everything were that simple, I lost 10% and stopped. This is not always the case in life. Alas! If everyone followed such a strategy, then there would be no gambling addicts losing fortunes and being a grief for their families. Of course, most of the players can stop in time, but among people there have always been and will be 1-2% of those who cannot cope with their passion for the game, gamblers.And this is worth considering.
If I earn $2,000 a month, I can spend about 3%-5% on playing gambling but that depends on my financial conditions because I will not use that money to gamble if I need that money to cover my bills.
I prefer not to think much about gambling because that is a secondary thing in my life and I prefer to try to fill the main things for my life and then I can go to the next things.
Besides that, I am worried about using more money to gamble, especially if I lose all of the money I deposited before.
But $2,000 in a month is big money as the revenue for many people to tend to spend more than 10% playing gambling, especially if they are already addicted to gambling.
It also depends on your purpose in gambling, if you are just gambling for fun then most probably you will not spend like 10% of your income and higher, but if you are gambling with the purpose to be successful (which is not impossible), then you will surely set an amount that would be able to give you a decent win in case you succeed. I prefer not to think much about gambling because that is a secondary thing in my life and I prefer to try to fill the main things for my life and then I can go to the next things.
Besides that, I am worried about using more money to gamble, especially if I lose all of the money I deposited before.
But $2,000 in a month is big money as the revenue for many people to tend to spend more than 10% playing gambling, especially if they are already addicted to gambling.
If I earn $2,000 a month, I can spend about 3%-5% on playing gambling but that depends on my financial conditions because I will not use that money to gamble if I need that money to cover my bills.
I prefer not to think much about gambling because that is a secondary thing in my life and I prefer to try to fill the main things for my life and then I can go to the next things.
Besides that, I am worried about using more money to gamble, especially if I lose all of the money I deposited before.
But $2,000 in a month is big money as the revenue for many people to tend to spend more than 10% playing gambling, especially if they are already addicted to gambling.
I prefer not to think much about gambling because that is a secondary thing in my life and I prefer to try to fill the main things for my life and then I can go to the next things.
Besides that, I am worried about using more money to gamble, especially if I lose all of the money I deposited before.
But $2,000 in a month is big money as the revenue for many people to tend to spend more than 10% playing gambling, especially if they are already addicted to gambling.
We always read the words "Don't bet more than you can afford to lose", but are we really following that safe principle in gambling?
So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.
So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.
It depends on the month usually the month of December and January is the month where casinos offer huge bonus and giveaways on your wager we can also include the anniversary month of the particular casino you are playing, this month alone I allocated more than 40% of my income and 30% of my yearly bonus, but on a regular month, I can only allocate 20% of my monthly income.
We always read the words "Don't bet more than you can afford to lose", but are we really following that safe principle in gambling?
So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.
$2,000 is big enough for me and once it's been deducted with all my living expenses it still big, but I'm not going to use more than 10% of that money, I more to sports betting with limited types of sports so 10% from $2,000 is enough to meet my gambling needs, and that money I can afford to lose. So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.
Ok if my income is $2000 a month the first thing i do is complete all the needs including bills and for life then I will use 50% of my remaining expenses to gamble this amount is not fixed because sometimes my needs are different every month. there may be another question, are you not saving?
yes i save from side income side income includes from several things , advertising, forums and business. sometimes the pattern can change, for example I only use the income from the forum to gamble.
yes i save from side income side income includes from several things , advertising, forums and business. sometimes the pattern can change, for example I only use the income from the forum to gamble.
We always read the words "Don't bet more than you can afford to lose", but are we really following that safe principle in gambling?
So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.
So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.
As for my way of living, 5% would be enough to allocate to gambling. I've been applying that principle for a long time because if not, I will be the one who will regret it in the end. It's just a matter of self-control and self-discipline. It's fine to enjoy gambling but we should know our limits and just spend the amount that we allocated on it.
Even though I have a salary every month whether it is small or large, I personally will not set what percentage of the funds I have to spend on gambling. If I am betting on sports, there will sometimes be moments where I will dare to spend a lot of money even though I have to be completely willing to lose. But if it's about $2000, then it's possible for me to only spend $300-$500 maybe for the initial capital, before finally spending half of it if I keep losing or decide to take a break. Also, if we have won with initial capital and are able to manage finances in gambling well, then it will make us no longer have to use the money generated from work or salary every month.
Agree but this also leads to addiction but if ever we can control our self then it is good. If we are not investing into something business to earn back profit we usually run into gambling as we try our luck if we could win the pot money as it is big, imagine you will have a chance winning it but the chance is pretty low but if you got lucky then that is really good that is the only time we can left our work and start a huge business as we do have enough capital. That $500 capital is really huge in our country so that would be a grate start.
Even though I have a salary every month whether it is small or large, I personally will not set what percentage of the funds I have to spend on gambling. If I am betting on sports, there will sometimes be moments where I will dare to spend a lot of money even though I have to be completely willing to lose. But if it's about $2000, then it's possible for me to only spend $300-$500 maybe for the initial capital, before finally spending half of it if I keep losing or decide to take a break. Also, if we have won with initial capital and are able to manage finances in gambling well, then it will make us no longer have to use the money generated from work or salary every month.
How could we provide you the answer when we don't know the specific circumstances of your life?
We should not be setting aside a fix percentage of our income for gambling. If you have $2,000 salary per month, the first question you would ask is that, how much is my expenses for the needs? We all have different needs. If you have a family of 5, $2,000 might just be enough that you won't have anything left for gambling. But if you are living alone, do not pay a rent, do not have any bills or mortgages to pay, you could spend a good amount for gambling.
What is definite is that your gambling expenses should be taken from your extra savings. Never compromise your savings, much less your needs, for gambling.
We should not be setting aside a fix percentage of our income for gambling. If you have $2,000 salary per month, the first question you would ask is that, how much is my expenses for the needs? We all have different needs. If you have a family of 5, $2,000 might just be enough that you won't have anything left for gambling. But if you are living alone, do not pay a rent, do not have any bills or mortgages to pay, you could spend a good amount for gambling.
What is definite is that your gambling expenses should be taken from your extra savings. Never compromise your savings, much less your needs, for gambling.
2000$ a month is a lot of money in my country. It's an enough amount to live confortably, paying for daily expenses while having access to decent food products and brands, confortable home accessories, clothes, access to quality health professionals and leisure activities, where I could include gambling. So let's say the amount I would spend travelling, eating out, going to the movies, parks, etc... could be also used to gamble instead. Depending the month and my momentary necessities I would choose one or another. Anyway, I believe at least 20% of that monthly budget could be used for this kind of activity, because leisure really matters for me.
It depends on the monthly expense that I do? As well as whatever I'm planning to earn money up for. I have a lot of factors that I take into account when trying to allocate my budget when gambling, but I usually don't exceed 10-20% of my monthly salary. Heck that's already pretty big imo but I rarely gamble anyway, I don't try to make it a habit to do it monthly, I just rarely do it at times whenever I want to so I don't mind going that high. Maybe once per three months maybe? Though again, that is dependent on my mood.
Though you said you rarely gamble and you do not look like a gambling addict but it is not right to set a goal or goals by thinking of making money from gambling, this is not right, it can lead to money loss even if you are not an addict.
If i'm earning around $2000 a month then I don't mind spending 10% or more if I find a profitable promotion like the Live Casino Hero for example since the expenses here in my place would go for like $400-$600.
On the other hand, I don't deposit monthly so it really depends on the time and situation if i'm really down to gamble and spend more or stick with my remaining balance since there are times where i'd still have some money left due to bonuses and other rewards.
On the other hand, I don't deposit monthly so it really depends on the time and situation if i'm really down to gamble and spend more or stick with my remaining balance since there are times where i'd still have some money left due to bonuses and other rewards.
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