Topic: Risking 1% in Gambling - page 16. (Read 4423 times)

As we know that some out of control actions always start from emotions and emotions will usually arise when you are unable to accept the results at the end of the session in the sense of losing, And that's why we have to be responsible gamblers because by only putting small amounts then surely you will not feel too upset when the final result loses and with this you will avoid some out of control actions such as chasing victory, usually people who are completely unable to approach like this most of them will quickly end up with addiction. After all, of course you have also said that gambling is just for fun, so what's wrong with just putting a small amount? anyway if we are lucky we will also be able to get victory.

This is actually a good strategy to follow because you limits yourself to only gamble with 1 percent of household income you stands a better chance to gamble responsible knowing that whenever that amount is being exhausted then you won't touch any other money from your income to gamble for the week or month per say. This strategy helps you control your spending whenever your allocation for the month has been reached you won't gamble anymore and you won't lose further due to the amount sets has been reached.
Anyone who started gambling recently and follow this mothed it could be very hard for such person to become addicted gambler, since they are strictly following 1 percent budget of their income.

I just heard this in gambling. I myself often use 10% of my income to gamble. and feel like it's okay to lose it. If it's only 1%, maybe it's just for fun and to satisfy your gambling hobby, regardless of the winnings.
I took 10% because if I win, the results are not bad. At least you can hang out with friends.

I also think it's not bad and there's nothing wrong with setting aside 1% for gambling, but in my opinion this depends on income, because if the income is large, then maybe 1% is big enough to do gambling, and the same thing as what you said, setting aside 1% for gambling from the income earned even if it's as an ordinary employee or a small business, then it's not bad either, because we should be able to look at our income before gambling.

Because there are people who have limited income or income but insist on gambling with a budget that is more than they can afford, like he gambles with 50% of his income, because he believes gambling can provide benefits, but this is certainly wrong. if we do gambling, we should look at the budget that we can spend and try not to let the budget for gambling hamper our daily life, because of course we must have capital to survive in the daily life that is carried out. if you bet with the amount of $ 200 in my opinion it is more than enough, even in my opinion it is too much, for myself.

There's a lot to talk about. Not everyone is going to earn that much monthly. Even country also do matter in this case. If i earn like $500 monthly in my country, then 1% is $5 (without tax) Which is still low for whole month gambling. Not all websites will allow you to bet with cents but minimum $1 need to stake. so i can place few bets only. I read some articles and i found Budget 5% from total household income, is good to go. A person can enjoy the gambling. But if your earning is huge, then 1-2% is enough cause that'll be too much money for gambling. And i believe we should set lowest budget for gambling as possible.

When you put away 1% for gambling, I don't think it's bad if you are a person who is not rich and just earns as a normal employee or small business. I think it's fine. Because the 1% that will be taken from the source of income is probably only a small amount.

Now, if you are a rich person and let's assume that you earn $20,000 a month, that means you have an allocation of 1% on that amount, which is around $200, which in fact, for me, is a large amount.

I'm not a gambling addict mate but it's not good for me. I think we can only talk about percentage like that here if we are earning a significant amount of money, regardless on where it's coming from. Man, most of the gamblers I think are just in the middle class, so let's say the average they are making is only $500, 1% of $500 is only $5.... Does anyone here enjoy gambling with a budget of $5 per month?

This happens quite frequently and it is one of the reasons gamblers lose more money than what they thought they could, as they begin to do well and they believe that they can rise their bets and make more money than what they have been doing so far, but then their luck disappears and their losses go up quite quickly, and while this is not a reason to worry about, there have been some casinos that cheated their customers this way, so keep your eyes open and see if this happens over and over again.

Last week i did betting where i almost won when i bet small but when i bet a big amount then i lost. It will tell you how to risk the decision! In every game you can win a small money but most of the times when you play with big money you have 95% chance of losing as i can tell from my real experience. On the other hand trading strategy is quite different which can be achieved with your experience but gambling is the opposite of that because it is luck. However if you gamble with a plan where you take a break after losing repeatedly and then play again a common outcome may occur.

1% is still good enough to gamble if you are not an gambling addict. Cause you can control yourself to avoid things much worst. And maybe yes 1% is enough to  sustain your bankrolls and income if you are lucky. anyways once you are loss with your 1% then all I can say is that not just bad as it's a small amount of money compared to 10% or more in your income. And also once you stop lucky then that 1% have a chance to grow.

Well if anybody learns about one percent in gambling strategy and he decide to follow it then it is his responsibility to follow that strategy. We cannot say that a person wants to adopt the strategy and also because of the emotions he will invest more than one percent or he will not follow the strategy.
If anyone is unable to follow his own principles then I am afraid there is no one else who can stop him from getting big losses in gambling. Gambling is not only about playing, it is also about controlling oneself.

Whatever interests a gambler, is good for him, so far he doesn't misuse his techniques. Gamblers can lose and still gamble for more wins. If the player overuses the strategy or wants to get the win in one day, it can be bad in the long run, as he'll run short of money. He may not be able to win during the period of gambling in a day, as the game of gambling requires full-fledged thoughts of mind and a cool brain to think correctly and predict the right move to choose. Gamblers, in high quantity, gamble for a longer period, because it generates money in the long run. But the actual game should be the other lessons like Mauser said; learning about his team and improving his horizon on sports-related matters. This shows the other importance of gambling. Most players already developed a new life outside of gambling, because they are gamblers. Sometimes, I'd be able to act according to what I've learned through gambling.

So, when we lose, it's not bad to continue playing, but it should be moderated for our good. Which remains the context of the thread. After reading the few links on the OP I was enlightened on the importance of money management for gamblers. If a gambler loses 1% of his earnings on gambling, he wouldn't have much anxiety, stress, or regret. He can easily forgo the money, and try again another month. I think it's enough to define gambling, as doing something that won't be like a burden to us, but instead a fun and source of relaxation. Whenever we are rewarded with a win, we'll know that we already generated another money to add up to the money we already crafted out for gambling. Thereby increasing the amount of money on our bankroll. Hence, going for the big win with a small money may be less possible, but the same low wagers can give us more fun than those wagering huge amounts and chasing more money.

OP, if this strategy is maintained it will be splendid but this can lead to going for more if not adhered to, gambling can make you to move away from you set plans, with what I know it is very difficult for a gambler to maintain his or her stance when it comes to decision making and when it has to do with expenditure, to balance your expenses is almost impossible no matter how you decide to spread it, most times what leads to this is mostly greed, when you use such percentage you set out to use for the said activity and finally become successful, you will like to invest more thinking that you will win more, but unfortunately this might flope against your wish.

This kind of advice can only work in the sense of fun, nothing else, this can't be for those who are serious about gambling and wish to make money out of it no matter how little. The amount this will earn you will be tantamount to the risks you take in it, so if you are risking just 1% of say $100, I wonder what your profit will be in the long run of both losses and winnings. This is a perfect strategy for me when it comes to casinos, after all, I always prepare my mind that I am not playing it for the money, but for the fun, so it will not be a big deal to continue to bet with $100 and do not lose my money for the entire year. Just the same way I might not make anything reasonable money out of it throughout the year. But most likely, I would have lost all the money before the year ran out.

However, the plan would have accurately served the purpose for the year. Imagine me having the entire gambling experience through casinos for the whole year and still did not lose all the money deposited. That is the power of low-risk gambling, it will give it a tough time for you to lose everything. Not like those who will risk everything at once and will have nothing to show for it, not even the fun.

Sticking to sports betting and learning everything about our team, the league and the big tournaments will eventually give us an edge and should make us long term money. Everybody needs to decide for himself how much money he is willing to risk. Having a fixed budget in relation to our monthly income makes a lot of sense and I would only consider gambling more if my income or my bankroll goes up. It's all about statistics, because the more we gamble the closer we will get to our expected values. This doesn't mean that we can't get lucky and get a big win. It's just that the number of gamblers achieving that is very small, similar to the number of gamblers getting a big loss. The majority of gamblers will land in the middle of the distribution, either getting a small win or a small loss.

I split my gambling assets into two parts because if I lose one part I can make sure I win the other part and get back at least some of my assets. Winning in gambling is usually based on strategy, the more experienced and skilled a person is at gambling, the more likely they are to win. I don't like to put my wealth at risk, I usually win more by betting on football because I'm more experienced with the sport than with a little more unique gambling.

They? That's us, right? unless you aren't a gambler. Personally, I do enjoy gambling if only I win, and if I lose, I would consider it as a challenge and that makes more interested in gambling. However, overtime, I know what kind of gambling to choose as there are skilled based and luck based gambling, of course we choose those skilled based as that gives us a real chance, so for me, I'm more focus into sports betting, continuously finding the working strategy and hoping that one day I'll able to discover it.

   -    Back then and until now, most gamblers often lose, whether it's online or land-based casinos. Of course, it's just common sense that if most gamblers win at the casino, it's not certain that a casino will last long in an industry like this.

But in spite of everything that is happening in the ecosystem of the gambling industry, there are still many gamblers who play even though they know that they often lose because they still hope that they will get lucky eventually; that's how they motivate themselves.

It's a very good attitude of a gambler. However, there are still few gamblers who tend to try their luck and becomes more aggressive in gambling, and by becoming more aggressive that means they are gambling big money that they aren't sure they can afford already. As they might think that there are more excitement with bigger bets but failed to see the possible consequences of their actions.


No, our desire should only to win, however, we need to be realistic that in gamblng there are two outcomes only and that is either we win or we lose. Although losing is not what we want to achieve, but we have to accept as it's part of gambling.

The most common thing in gambling is to lose. If someone is encouraged to gamble after knowing about the risks, then I think he is fit to gamble. There are wins and losses in gambling as those who are lucky will gain a lot from here as well as lose if luck doesn't favor them.

Gambling can be good for those who can take risks and control themselves even after big losses. If there is no desire to lose then one should not take part in gambling. A gambler should always keep in mind the amount of money he puts into gambling that there is no chance of getting that money back. From such thoughts one should gamble. However, there are many gamblers who dream of various kinds of winnings before win in gambling and then they are disappointed.