Topic: Risking 1% in Gambling - page 14. (Read 4380 times)

It's not something we can say a small amount to spend on gambling per month. If you have the same income shown above, $58 per month is enough to make a gambler satisfied with playing. Unless you are someone who doesn't know how to do bankroll management. Without knowing about it, your certain budget every month on gambling will not be enough and probably make you add more funds to continue playing.

1% per month is too little I believe because knowing that you can spend more than that is the
problem if we are dealing with gamblers here but if not then indeed that we  can see  them spending that little
lol. but its good to hear that  you manage having this 1% in your gambling activities that most gamblers must
do as well because many of them turning addicted as they are not knowledgeable about what will happen and
how to control their budget and earnings.

It's definitely a good advice I can give gambling newbies, if they can use one percent of their money to risk on gambling nothing bad will go wrong, but I do risk more than one percent when gambling, I am risking somewhat like three percent of my money in gambling and I don't gamble almost every time.

Make sure that this percentage comes from your income, using your money to take risks is better than using a loan money or money you borrow from others, you will be able to sleep well at night if the money is all yours but make sure you risks very little on gambling.

Always be prepared to lose the money, but since it's just a percent you are risking it won't affect you compare to using a lot more or even all your salary, this will hurt you a lot of up lose it.

Though, we must consider or keep in mind the average gambler who is more inclined to sportbetting is someone who is proficient in prediction of matches, want to be proficient on those predictions or believes to be proficient (when in reality they are not at all). So because they wish to have or already have a good amount of self-confidence, they see an opportunity to make money out of it and bet more than a few percentual points of their monthly income.
That is the big difference I can think of between gamblers and sport-bettors. Also, we both know gambling and betting is supposed to be all about entertainment and fun, but people abuse of their sense of good luck and risk more than what they should, though, because of the things I already mentioned, it is easier to wager more than one is supposed to in the context of sport betting.

It's even more better if from your income you allocate a certain percentage to gambling and out of the allocated percentage to gambling then you can make use of 1% for each stake until you exhaust the amount allocated to gambling, using 1% of your main assets on gambling daily could also be detrimental to the gambler because consecutive losses could gradually turn into a good percentage of their funds been lost to gambling, a consecutive loss of 10 different stakes of 1% of their funds will definitely get into the excess of 10% of their funds already which is much but if theses losses are suffered from the allocated funds for gambling then it could be considered a bearable losses because it was considered allocated to gambling which means it's what the gambler can be able to afford to lose.

Gambling budget is a very good way to maintain a good and responsible gambling habit so you still maintain a good financial capacity even while gambling but if you don't have a budget then you have a chance of gambling recklessly and probably gamble irresponsibly.

I agree with you, if we do gamble then we should be prepared for the risk of losing the money we bet on gambling and whatever the amount is a percentage of our income, if we have made a deposit then it means we have to be prepared for the risks involved. I myself have implemented this, because in my opinion, if we gamble but are still afraid of losing the money at stake then it is likely that we will chase losses that have already occurred, and in fact this is not recommended, if you have already lost then stop and come back another day to try your luck again Also in my opinion, if we bet with 1% and lose that amount, I don't think it's a big problem,  but a big problem occurs when we are greedy with the gambling we do.

it makes sense, also with the lifestyle that demands some young people today, they have a high sense of pride and are looking for alternatives to earning money through gambling, and they shouldn't do this, because gambling will only make them miserable  even though there are opportunities to win but that doesn't mean it will always be obtained. It's true, gambling like making it your main job is very risky  because the income you get is not clear,  it's different from physical work with that we will get a salary that is clear in terms of amount and time. they have to distinguish between what is true work and what is for entertainment.

If someone enjoy gambling then money does not play major role, he can enjoy it by betting 1 or 2 percent. I find a similarity among most sports bettors who cannot enjoy the game without betting. In their case 1-2% betting also works as a huge impression.
But there is a large part of the gamblers who bet for money. They are not encouraged to make such bets if they don't get good returns. To them, taking risks is joy. Which is why I would say that while risk reduction may be acceptable to some, it is not acceptable to many. It will depend on the needs of the average gambler.

Or better, control ourselves even if we play every day with just our free hours. It also matters where we are playing, it's better if we are already resting and not when at work or there's something else to do like house chores.
But this is not what is being discussed by OP and it's best if we won't go far about the topic.
The percentage of money that we use as a budget for each game. 1 percent may be high for high-salary jobs but I think it is just enough to enjoy ourselves and be entertained through gambling. That way it won't hurt when we lose and we are also avoiding a possible gambling addiction because we follow the amount that we set and we should not be back to deposit more even if everything is gone.
This is actually a good plan to control our bad habit, it may be fun to gamble but we are still wasting money that will absolutely just go to the business if we don't like withdrawing early after a win.
I actually used 5 percent of my money now but I make sure that it can last for 3 weeks or if possible a month by trying to be safe and not betting recklessly for games that I don't have a good chance to win.

It is better to gamble with 1% because 1% of income is very little money, gambling with it will not result in much loss.  Gambling with 1% of income just for fun can be enjoyed.  People will not lose much in this.  Don't get addicted to gambling again.  He will know that his amount of money is very small so he will not lose much.If there is a loss of 1% of the income, he will not feel bad about it.  Because the remaining 99% will be from him.  And if he can make a profit by gambling with 1% then it is a great pleasure for him.  So gambling with 1% of income is fine.

If we decide to gamble, we should think about the risk of defeat and the risk of losing our money, and we must be ready to accept whatever outcome will happen to our gambling, whether it is winning or losing. If you win, don't ever be greedy to continue your game and exceed your spending limit, such as more than 1%, because what is there is not that you will profit more, but you can lose your winnings because you are too greedy, but if you experience defeat, you must also be ready to accept it and not trying to catch up on the loss.

We live in an era where all basic necessities are expensive, in contrast to the past when everything was still cheap, so people are flocking to get more income from their fixed jobs, namely by gambling, hoping that gambling can generate profits to supplement their living needs, even though they shouldn't think so. gambling as a job because it is very risks, they will only increase the burden on their lives because their living needs are reduced and they will also lose money quickly due to making gambling as a side job.

Gambling depends on luck as well as if you are not experienced at gambling you will never win at gambling. Three days a week seems like too much to me. I would say don't gamble more than one or two days a week as much as possible.  The more the addiction to gambling will increase. Whenever you start gambling excessively, you will have a lot of trouble controlling yourself. Because gambling is a bad addiction, a gambler can lose all his money by gambling.

Gambling usually helps to gain benefits from money narrowed gambling. The more a player is attracted or addicted to gambling, the greater the chance of losses. The more money you have, the more you will be addicted to gambling, that's why it is better to bet 1-2% of the main assets on gambling every day. Then a gambler will be able to participate in gambling for a long time and will be sure to join if the money is used properly. Using such strategies in gambling is a sign of winning gambling.

The gambler think the usage of the 1% of the money will not affect them in the real game.But the fact is the average income of the gambler will be 500-1000$ based upon their work.So the one percentage will be 5-10$,with my experience in the gambling.The amount of 5-10 dollars will not be enough for the gambler to make the profit.The good capital alone give the gambler to win the good amount in the gambling site.Because the gambler should have enough backup money to recover some loss money.

and with such allotment, you will find out that you will truly enjoy your game because you know deep inside that even if you lose it all, it doesn't affect much of your financial needs. but in actuality, a lot of gamblers are spending quite higher percentage of their income in gambling, particularly those brick-and-mortar gamblers.

if only the gambler can stick to such percentage, i would say, they won't get into trouble and won't have to worry about their financial conditions. however, only few can contain their desire to play. as most have the tendency to continue as long as they are not satisfied with the results, in particular in circumstances that they are on the losing side.

Gambling is a technique to which one cannot become addicted, and gambling cannot be engaged in with excessive stress. The more gamblers become less addicted, the more gamblers will profit from gambling. If you gamble three days a week with less money, you will be much less addicted. Gambling mainly depends on the gambler's experience and addiction. A gambler can change his own luck because of the strategy alone. The more strategies a gambler uses the less addicted and likely to win.

Every one knows their level of income and you still have that freewill to increase your wager or limits yourself to some certain bet limit because you won't win or you would keep losing but it's for a safety of your health and your funds, with this method you can maintain a healthy gambling where you don't have to keep increase your bet t lose at least you have set yourself to a limit or do I call it stop lose. It's true that we make money from money but it shouldn't be in gambling since it's too risky and the lost in it can not be controlled sometimes it makes people commits suicide whereby what they planned to win didn't play out that way and some could be that they borrowed such amount from either their relatives of friends and or maybe their tuition fee used to gamble hoping to double their money before going back school. If people maintain their percentage of gambling you would see that lost will be abit eliminated not totally since it's still game of probability and game of luck.

Risk free gambling will give you better gambling experience. When you use 1% of your investment to gamble it will never stress you out.  Because you will never care if you lose that amount. So it will let you keep yourself in control. And if you can control yourself, you will get the real fun of gambling because then you can enjoy the gambling games without any fear. So it will be very good for you.  So those who have a fixed budget for gambling especially small amounts like 1-3% I always support them.

Exactly if someone use only 1% for gambling then perhaps he leave gambling after losing this money because he will not afford more than this and will eventually leave gambling after consecutive losses. Although you will not win big jackpot by using 1% but your losses will also be not too big that it become hard for you to handle.

For other things if we use more money then it will not be a matter for concern because there are many useful activities for which a person should use money but if useless activities are accepted and losing of money is more than winning like that of in gambling then first of all don't do this or if you consider that you cannot stop yourself then utilize minimum percentage.

That's a good choice, because that's how it should be, because as @LUCKMCFLY said, withdrawing your winnings is the best choice, there are no other options other than that when you win, because that way we can enjoy the victory that we have obtained. but when you get the self-control victory you need, and I think you have it, I hope you can maintain it as best as possible, don't be lulled by a victory that is only temporary.

When you get a win, the best way is to cash it out and if you still want to gamble, it's better to hold it and come back another day. If indeed the gambling has produced a profit, even if the profit is twice the capital you used then there is no harm in cashing it out, if you still want to gamble then withdraw part of the winnings equal to the capital used, so even if you lose in the next round, but there is still capital that is still safe.

1% is a very small amount and very low risk but it will prevent a gambler from getting excited because 1% of one's income is not a large amount. So if the gambler loses this amount in gambling he will not suffer and panic over it. It will be much easier for him to keep himself in control so a gambler can gamble up to 5% instead of 1% if he wants it won't hurt him too much financially. But he must maintain his limitation if he is able to do so then it is not a problem. He can enjoy gambling effortlessly. Addiction to gambling will not overwhelm him.