Don't bet more than you can afford to lose. - page 4.

mv1986

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Quote from: ajochems on January 09, 2022, 05:07:34 PM

Quote from: hello_good_sir on January 09, 2022, 04:30:41 PM

Quote from: madnessteat on January 09, 2022, 02:48:17 PM

Personally, I believe that if a person spends no more than $100 a month on gambling is the first sign that he does not have a gambling addiction and is quite able to control their budget. It happens that I spend $200 on gambling but I always split this amount into two different deposits and do not allow myself to spend more than $100 per day.

I think that is way too much unless your monthly income is $10k+.

You shouldn't allocate more than 5% of your income to gambling. You should treat it as an expense because you are mathematically guaranteed to lose it all given that you play with the funds for long enough.

Would you spend $200 a month on movie tickets?

Probably not.

Have the right mindset.

Based on your monthly income, you can inverse your on gambling. Actually investment in gambling will be made without any contradiction and investigation. So it will purely based on your luck. With a luck, you need to be patience to get a decent amount as your profit all the time.

Isn't it also a lot about what's going on in the online gambling market? I prefer to place some bets when there are games that I am really excited about, especially big clashes between the huge teams. Or during the final 8 weeks in the Champions League season and so on. It is not so much about a monthly budget for me.

tippytoes

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Quote from: ajochems on January 09, 2022, 05:07:34 PM

Quote from: hello_good_sir on January 09, 2022, 04:30:41 PM

Quote from: madnessteat on January 09, 2022, 02:48:17 PM

Personally, I believe that if a person spends no more than $100 a month on gambling is the first sign that he does not have a gambling addiction and is quite able to control their budget. It happens that I spend $200 on gambling but I always split this amount into two different deposits and do not allow myself to spend more than $100 per day.

I think that is way too much unless your monthly income is $10k+.

You shouldn't allocate more than 5% of your income to gambling. You should treat it as an expense because you are mathematically guaranteed to lose it all given that you play with the funds for long enough.

Would you spend $200 a month on movie tickets?

Probably not.

Have the right mindset.

Based on your monthly income, you can inverse your on gambling. Actually investment in gambling will be made without any contradiction and investigation. So it will purely based on your luck. With a luck, you need to be patience to get a decent amount as your profit all the time.

Honestly, I don't consider investment when it comes to gambling. You can never be sure about the return of your money here. Unless, you are investing on the casino's bankroll where at least you can get some type of dividends. But if you are using your money to play, that's not investing but gambling. And the chance of losing it all is actually high if you don't know how to control your gaming habits.

ajochems

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Quote from: hello_good_sir on January 09, 2022, 04:30:41 PM

Quote from: madnessteat on January 09, 2022, 02:48:17 PM

Personally, I believe that if a person spends no more than $100 a month on gambling is the first sign that he does not have a gambling addiction and is quite able to control their budget. It happens that I spend $200 on gambling but I always split this amount into two different deposits and do not allow myself to spend more than $100 per day.

I think that is way too much unless your monthly income is $10k+.

You shouldn't allocate more than 5% of your income to gambling. You should treat it as an expense because you are mathematically guaranteed to lose it all given that you play with the funds for long enough.

Would you spend $200 a month on movie tickets?

Probably not.

Have the right mindset.

Based on your monthly income, you can inverse your on gambling. Actually investment in gambling will be made without any contradiction and investigation. So it will purely based on your luck. With a luck, you need to be patience to get a decent amount as your profit all the time.

mv1986

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Quote from: Oasisman on January 09, 2022, 04:42:10 PM

Quote from: hello_good_sir on January 09, 2022, 04:30:41 PM

Quote from: madnessteat on January 09, 2022, 02:48:17 PM

Personally, I believe that if a person spends no more than $100 a month on gambling is the first sign that he does not have a gambling addiction and is quite able to control their budget. It happens that I spend $200 on gambling but I always split this amount into two different deposits and do not allow myself to spend more than $100 per day.

I think that is way too much unless your monthly income is $10k+.

You shouldn't allocate more than 5% of your income to gambling. You should treat it as an expense because you are mathematically guaranteed to lose it all given that you play with the funds for long enough.

Would you spend $200 a month on movie tickets?

Probably not.

Have the right mindset.

$100 or $200 may not be too much for some people.
However, gambling addiction cannot only be measured by how much you spend every day or every month on gambling, it is also measured on how frequent you gamble.
Usually, a person will never know when he's addicted or not, because we always believe that we gamble normally even If it means that we don't have time for different thing other than our day jobs or business.

I would also add that it is not only about the money you use for gambling, but also time! Imagine you have under control that you only gamble with $200 at maximum every single month. But you go back and forth with winning losing, spending one third of your lifetime gambling. Are you addicted or not? Wink

Time is a very important variable I think that should definitely be considered. There are many other things in life that could suffer from being neglected no matter how much or less you spend on gambling.

Or take your mood: let's say you lose $200 in a day and are done for the month, is everything cool with your inner mood? Are you the same person on that day or are you frustrated? What if you are frustrated that day and people get to feel your frustration because you are able to control your budget, but not your mood? There are a couple of angles that must be considered as part of this discussion in my opinion.

passwordnow

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Quote from: Oasisman on January 09, 2022, 04:42:10 PM

$100 or $200 may not be too much for some people.
However, gambling addiction cannot only be measured by how much you spend every day or every month on gambling, it is also measured on how frequent you gamble.
Usually, a person will never know when he's addicted or not, because we always believe that we gamble normally even If it means that we don't have time for different thing other than our day jobs or business.

That's the truth and if somebody sees the sign that they're also addicted, they won't admit it and will reject the criticism that has been brought to them. That's the reality from those gamblers that deny their addiction.
As for gambling frequently, it will make you addicted but I also believe that someone who does it frequently and has planned it always on how much he's going to spend and he's aware of that, I think it's hard to judge if he's addicted or not because he still has the control to himself and understands what he's doing.

YinShuiSiYuan

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Quote from: Oasisman on January 09, 2022, 04:42:10 PM

$100 or $200 may not be too much for some people.
However, gambling addiction cannot only be measured by how much you spend every day or every month on gambling, it is also measured on how frequent you gamble.
Usually, a person will never know when he's addicted or not, because we always believe that we gamble normally even If it means that we don't have time for different thing other than our day jobs or business.

I only partially agree with you. It is true that it is dangerous to play too often, but when we have control over it, it's still okay. Problems begin when we play not only in our spare time, but when we neglect our responsibilities just because we want to play. The amount of money is also very important because if we are spending more than planned on gambling, it is a very bad sign.

Oasisman

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Quote from: hello_good_sir on January 09, 2022, 04:30:41 PM

Quote from: madnessteat on January 09, 2022, 02:48:17 PM

Personally, I believe that if a person spends no more than $100 a month on gambling is the first sign that he does not have a gambling addiction and is quite able to control their budget. It happens that I spend $200 on gambling but I always split this amount into two different deposits and do not allow myself to spend more than $100 per day.

I think that is way too much unless your monthly income is $10k+.

You shouldn't allocate more than 5% of your income to gambling. You should treat it as an expense because you are mathematically guaranteed to lose it all given that you play with the funds for long enough.

Would you spend $200 a month on movie tickets?

Probably not.

Have the right mindset.

$100 or $200 may not be too much for some people.
However, gambling addiction cannot only be measured by how much you spend every day or every month on gambling, it is also measured on how frequent you gamble.
Usually, a person will never know when he's addicted or not, because we always believe that we gamble normally even If it means that we don't have time for different thing other than our day jobs or business.

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Quote from: madnessteat on January 09, 2022, 02:48:17 PM

Personally, I believe that if a person spends no more than $100 a month on gambling is the first sign that he does not have a gambling addiction and is quite able to control their budget. It happens that I spend $200 on gambling but I always split this amount into two different deposits and do not allow myself to spend more than $100 per day.

I truly believe that the amount has nothing to do to determine if a person is already addicted or not. Being addicted is usual but the difference is, there's a thing called responsible and irresponsible addiction. There are gamblers who lose more money than we imagined but despite of it, they are still on themselves.

Regardless of the amount spent in a given period, even how low it is, the addiction will be noticed by the gambler's action outside the gambling world. Like always irritated, skipping work, skipping meals, selling stuff even unnecessary, taking loans, borrowing money from family, close friends, etc.

hello_good_sir

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Quote from: madnessteat on January 09, 2022, 02:48:17 PM

Personally, I believe that if a person spends no more than $100 a month on gambling is the first sign that he does not have a gambling addiction and is quite able to control their budget. It happens that I spend $200 on gambling but I always split this amount into two different deposits and do not allow myself to spend more than $100 per day.

I think that is way too much unless your monthly income is $10k+.

You shouldn't allocate more than 5% of your income to gambling. You should treat it as an expense because you are mathematically guaranteed to lose it all given that you play with the funds for long enough.

Would you spend $200 a month on movie tickets?

Probably not.

Have the right mindset.

Quidat

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Quote from: Fredomago on January 09, 2022, 04:16:18 PM

Quote from: panjul07 on January 09, 2022, 12:45:20 PM

Quote from: stadus on January 05, 2022, 06:46:59 AM

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.

I cant say the exact amount how much I'm willing to spend for gambling just based on my monthly earning.
It will always be depending on how much I need to spend for my real life needs on that month.
Once I've paid what I need to pay, and save some for unpredictable needs then I can use the rest but not all.
IMO, the best amount to spend is not based on how much you earn on monthly basis but we should spend a spare money only which wont affect our daily life.

I believe that thru good control of yourself, doing good money management will lessen the chance of you losing huge amount. It's always a self define argument when talking or discussing how much you can afford to lose. There are gamblers who don't know that they are already exceeding from the amount that they are targeting to spend.

When aggressions take control, there's no way that you can stop depositing more for your bankroll. Huh

Awareness of your actions and just using up your own common sense would or should be enough but people do really let theirselves get hooked and tolerate their greed inside
which would really result into disaster thats why when you do deal with gambling you should really mind off the risks and if you do find out yourself earlier that you are bit impulsive
then you shouldnt deal with gambling in the first place because this would really be a potential big problem into your life when things starts to mess up.
Bet on the amount which you can afford to lose and if you are losing that much then its sensible for you to stop.

Fredomago

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Quote from: panjul07 on January 09, 2022, 12:45:20 PM

Quote from: stadus on January 05, 2022, 06:46:59 AM

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.

I cant say the exact amount how much I'm willing to spend for gambling just based on my monthly earning.
It will always be depending on how much I need to spend for my real life needs on that month.
Once I've paid what I need to pay, and save some for unpredictable needs then I can use the rest but not all.
IMO, the best amount to spend is not based on how much you earn on monthly basis but we should spend a spare money only which wont affect our daily life.

I believe that thru good control of yourself, doing good money management will lessen the chance of you losing huge amount. It's always a self define argument when talking or discussing how much you can afford to lose. There are gamblers who don't know that they are already exceeding from the amount that they are targeting to spend.

When aggressions take control, there's no way that you can stop depositing more for your bankroll. Huh

Erdogan

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Quote from: madnessteat on January 09, 2022, 02:48:17 PM

Quote from: Erdogan on January 09, 2022, 02:18:16 PM

^

Personally, I believe that if a person spends no more than $100 a month on gambling is the first sign that he does not have a gambling addiction and is quite able to control their budget. It happens that I spend $200 on gambling but I always split this amount into two different deposits and do not allow myself to spend more than $100 per day.

I believe it is the other way around. First of all, the fact that someone is planning their gambling expenses is good. The problem arises when someone is unable to refrain from gambling, even when his budget has long been exceeded. Of course, each situation is different, because someone could for example won a larger amount before and now he can easily lose it, etc. Anyway, sticking to the budget is the most important thing to avoid troubles.

madnessteat

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Quote from: Erdogan on January 09, 2022, 02:18:16 PM

^

Personally, I believe that if a person spends no more than $100 a month on gambling is the first sign that he does not have a gambling addiction and is quite able to control their budget. It happens that I spend $200 on gambling but I always split this amount into two different deposits and do not allow myself to spend more than $100 per day.

Erdogan

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Quote from: stadus on January 05, 2022, 06:46:59 AM

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.

It depends on how many hobbies someone has. I think 15% on hobbies a month is quite a lot, but if someone is passionate about something, this may be the right amount. So if someone has 3 different hobbies, 5% for each should be enough. I think for the average person, $100 per month should be enough to have a lot of fun at an online casino.

Smartvirus

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Don't bet more than you can afford to loose. That's just a rephrase of the principle, don't invest more than you can afford to loose. It's just the same exact thing and to be sincere, very few if any follow through with this principle at all. Gamblers and investors are always stuck on the percentage they hope to gain or how much far they could double their funds as per staking power that they fully forget the risk of loosing.
The reality is, you could always loose. That's why the other team or person has got an odd. That's the risk factor right there looking g at you and in some circumstances, it does come true and get expressed.

When it comes to how much a $2000 monthly earner can gamble, I'll say 5-10%. Anything off that could be considered out of line for me!

mv1986

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Quote from: mindrust on January 09, 2022, 01:15:38 PM

Quote from: gabbie2010 on January 09, 2022, 11:29:28 AM

Quote from: bitgov on January 09, 2022, 09:11:57 AM

I would love to earn $2000 a month, then I would definitely spend some of my money for gambling every month. My expenses are not big, so a lot of it could be spent on losing and it would not be a problem for me. But I think it would be a bit pain to lose more than $100 per month.

By my own standard $100 is very reasonable amount for gambling per month which is 5% of the whole gross amount, for instance I will gamble on sportsbet blackjack bettings by splitting the $100 to 10X a win by betting with $10 amount to $210 of course there is the tendency to win once before I spend the whole $100, I believe this is one of the subtle way of betting without addiction and avoiding gambling with the $2000 monthly income and losing the whole money, however this requires discipline to avoid tempting of betting above the stipulated amount of money

If you can stop after spending that $100 then you have nothing to worry about because that means you still have the control over your addiction. Most people isn't able to do that because they can't control themselves. When they lose that $100 (the amount is different for different people probably), they are likely to think: "what if my luck turns out this time?" and they spend another $100. Then the next thing they know is they are out of funds to go on. That's how they go bankrupt.

Yes but that really requires the mental situation to be able to stop. All these regulations where you can theoretically block yourself from playing on a casino don't really help. You could open accounts literally anywhere at anytime. I guess for some players who notice they might not have gambling under full control, the best choice is probably to not gamble at all. Easiest way to not get into the position to feel that you have to win something back.

mindrust

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Quote from: gabbie2010 on January 09, 2022, 11:29:28 AM

Quote from: bitgov on January 09, 2022, 09:11:57 AM

I would love to earn $2000 a month, then I would definitely spend some of my money for gambling every month. My expenses are not big, so a lot of it could be spent on losing and it would not be a problem for me. But I think it would be a bit pain to lose more than $100 per month.

By my own standard $100 is very reasonable amount for gambling per month which is 5% of the whole gross amount, for instance I will gamble on sportsbet blackjack bettings by splitting the $100 to 10X a win by betting with $10 amount to $210 of course there is the tendency to win once before I spend the whole $100, I believe this is one of the subtle way of betting without addiction and avoiding gambling with the $2000 monthly income and losing the whole money, however this requires discipline to avoid tempting of betting above the stipulated amount of money

If you can stop after spending that $100 then you have nothing to worry about because that means you still have the control over your addiction. Most people isn't able to do that because they can't control themselves. When they lose that $100 (the amount is different for different people probably), they are likely to think: "what if my luck turns out this time?" and they spend another $100. Then the next thing they know is they are out of funds to go on. That's how they go bankrupt.

Cryptock

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Quote from: stadus on January 05, 2022, 06:46:59 AM

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.

Unfortunately, it is often difficult to determine how much we can spend on gambling, because it may depend on our financial situation. It is a very comfortable situation if someone has no loans and unexpected expenses. In December, for example, I probably couldn't gamble for anything from the $2000, because of expense for Christmas. However, if there are months in which I have little spending, it could probably be as high as $500.

Fortify

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Quote from: tokeweed on January 09, 2022, 11:43:29 AM

Quote from: stadus on January 05, 2022, 06:46:59 AM

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.

If I needed that 2k a month for expenses, bills, mortage or rent and car payments? I wouldn’t use any of it for gambling. Not sports, not poker, nothing... Here’s the thing, if you want to take gambling, sports betting or poker more seriously then you should have a separate bankroll for all your gambling stuff and have at least 6 months worth of savings for monthly expenses.

But if you’re just gambling for fun... Just use a 50 bucks at most per weekend, split them 5 ways per bet in different events you enjoy... Better yet, just bet them on degen parlays. A full card parlay in a UFC event could win you 60k for a 10 dollar bet if it hits. Lol.

It's a shame to see but you cover a few good points, most casinos target the lowest income earners in society and they often times fail to comprehend the simple mathematical odds that will work against them in the long run. For every 100 people betting, 99 will lose but one might bounce above break even or even strike a reasonable win, but ultimately they surrender that money back to the house in a never ending carousel ride. If you want the thrill of winning big, you'd be better off just playing the lottery once or twice a month where the odds are still hugely stacked against you but their is an ever so tiny possibility that you'd at least win a life changing sum of money - instead of a few hundred, maybe thousand, which won't change much.

panjul07

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Quote from: stadus on January 05, 2022, 06:46:59 AM

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.

I cant say the exact amount how much I'm willing to spend for gambling just based on my monthly earning.
It will always be depending on how much I need to spend for my real life needs on that month.
Once I've paid what I need to pay, and save some for unpredictable needs then I can use the rest but not all.
IMO, the best amount to spend is not based on how much you earn on monthly basis but we should spend a spare money only which wont affect our daily life.

Topic: Don't bet more than you can afford to lose. - page 4. (Read 1352 times)