Topic: Risking 1% in Gambling - page 18. (Read 4388 times)

Yeah of course millionaires can surely afford 1% of their funds for gambling or maybe even more. As they say, it really depends on how much you can spend on gambling and the limit you have on your bankroll.

I Agree that it's common for rich people to use gambling to relieve their stress in life and as well as part of their entertainment activities. But if you only risk 1% in gambling, you won't be too sad if you even lose the game. And it might be boring for a while because of course you feel that it's not much of a thrill and it doesn't have much of a profit.

Maybe risking 1% on gambling can work for newbies, or for people who are afraid to bet big money. Gambling has a lot of risk and if you are dedicated enough then keep doing what you are doing and be a responsible gambler as well.

Actually most of the gamblers because most gamblers aren't making a lot of money, the reason why they are gambling to make more money which is a wrong perception. If you are a millionaire, then most probably 1% for gambling woudl work for you, but the question is, do millionaires really a fan of gambling? I mean, they are financially stable, they succeeded because they know how to manage their funds, so most likely they'll just see gambling (if in case they'll gamble) as a means to relieve some stress in real life venture.


The lowest amount it's allowed for a gambling site that I'm using is $1. IMO, the amount is very affordable, so even if you aren't making good paycheck from your job, you can still have fun with gambling, but, remember to be always cautious at that $1 could be boring in the long run.

risk 1-2% depending on the amount of capital. Because every game has a minimum bet. This risk calculation only applies to players who have large capital.
But I agree with the amount of risk, because you can be calmer when playing and don't lose big money in an instant. Unfortunately this advice doesn't work for everyone.
You have to be smart in finding a gambling site that has a small minimum bet, so you can play with small bets.

Sometimes I use 5%-10% of my income to gamble hoping to get a profit 2-3x, then pull out the capital and use the rest for gambling again, if lucky can get more if not, then I don't lose my money and I'm having fun.

A gamblers who dares to take risk will definitely use more than 1% of the money they use for gambling, maybe around 5%, they can use thats money to make extra money, but they remain consistent with that 5% if they don't make anything and have already spent it they will stoped, everyone definitely has differented financial arrangement depending on how they manage it in such a way as long as they can afford to lose that money, the most important thing is that we can accept losing or winning and not be greedy, for people who use 1% it's not a problem, that's a step This is a good thing to do for gamblers who thinks they cannot afford to lose a lot. But it seem that not many gamblers really only use 1% if their goals is to make a profits because 1% is small money and will be used up for bet in a short times but that okay as long as the 1% money does not affect your mind because usually gambler always thinking about his losses.

However, if there are gambler who can make money with thats 1% of money, then these gambler really use small money to make extra money. I have heard of gamblers who can winning bets with small money, whereas gambler who bet with big money definitely experience losses because they cannot use it in contrast to someone who has good financial management such as using money with no more than 1%

The gambler who was ready to take risk in the gambling alone may have a chance of winning the money.But the gamblers who had a potential to make huge deposits was the huge winner most of the time.The gamblers who had free money can use to do the gambling,gambling with the hospital expenses or school fee is not the better option.Many gamblers using the important money and get hate towards the gambling.Instead the gamblers can play with the free money and if they loss means it won’t affect the gamblers at any point.If they win means,it will be additional free money for the gamblers to keep for their expenses.

You should really be doing this from the start on which you should really be that responsible for whatever things that you are dealing with. You cant really just that make yourself that having that all in thing when it comes to gambling on which we know that spending up the money on which you cant really afford to lose or simply talking about life savings would really be a huge problem or disaster.
Starting up with 1% would really be avoiding you on getting wrecked in the end because it is really just that a small and it cant really be able to for it to destroy you when it comes
to your finances. This is a must thing to consider because you cant really just that make yourself that too confident on spending huge with gambling knowing the
odds would be always against you.

When I see the 1% for games of chance it is something that makes me think, why? because many of us who are in this game and at the same time in trading feel that it is easier for us to put money in trading than in the game itself, but it is also good to say that When we are in the Game then An Option if we want to have that 1% looking for profits , when it is that way it is 1% that will go away in a moment, I Preferred to talk about less than 1% for the game if a person wants to have fun, but If you want to win, that depends on what you can do, for example in my case I always have, because I'm not going to play with little money, 10usd per session, let's say, it's not like I play all day, but I have that, and well, with That's fine, I feel like I do things better this way, because I have control within myself that if I spend them, then nothing, there is nothing to do, I have no regrets left.

In the event that I can make any other amount, maybe it will be less, but I have always arranged that, now when it comes to the slots, well as I said, I only use them to be able to have fun and forget about everything a little, It's like that moment when you go to the football stadium and you forget everything and that Moment you live with your team, it's something that can be given for good, of Benefit to me, if I win, then I take advantage of it, I leave it there If I lose it doesn't matter , Because it's my money that I had to spend on the slots, for that reason it is that whenever we are in a casino we must mature that commitment, knowing that for anything we have to give what we want, but there are people who They take slots very seriously, and for a slot machine it is money that has to be invested and a lot of it, that is something that we have to consider , there is no other Option , it is what Should be done, at least I think of it that way.

I think that's good starting point to control your gambling habits. Best gamblers grow from people with great willpower. This wouldn't make you the best gambler in life because obviously you lower your risks far greater than average. But in return your gambling experience will be much better because you will never be worried about amount of money you are losing.. Clear mind always helps when you are gambling. And your bank account won't be that hurt.

This strategy is more to be safe in gambling. As what everyone sees, gambling is a high risk type of entertainment, because there's a possbility that we lose control and we would spend more than we can afford to lose. This "do not spend what we can afford to lose" principle doesn't state how many percentage we should only risk, however, if that's 1% of your income, that's very safe, the only risk here is we won't be able to consistently follow it.

There should be no worries or imagine how the poor people can do this, because even the poor or an average person is capable of following this strategy or simply set an individual limit which is not that high amount to avoid losing a lot of money than expected. Aside from that, this strategy doesn't need to be followed by everyone, it's just another option. As long as an individual gambler can control his spending in gambling, whatever the strategy is the better.

1% is already a huge amount for rich gamblers but I can't imagine the amount for the poor and average people. I have no objection to following such an idea but the problem is if it is easy to make it a habit especially if we are already heavy gamblers. We can set our limitations where we know it won't compromise our finances. Spending 1%, 5% or $1000 is our choice, we can still escape from addiction if can manage our gambling habits.

Without a doubt using only 1% of your income to gamble may seem to be an amount of money that is too limited for those that may enjoy gambling with some regularity, however when taking into account the money you have to spend to keep your current lifestyle, the money you have to save in order to invest in assets that could grow up in value and the money you need to save to have an emergency fund, it is not as if there is too much money left you can use to gamble anyway.

I know that the percentage can be different for each gambler based on the urge they have or the risk appetite they carry, but I think 1% is still too low for anyone from any gambling category. Imagine someone is getting $1,000 as a monthly income, 1% of that would be $10 only, and I can't imagine how a person can spend only $10 for the whole month on their gambling activities if they are a regular gambler who gambles almost every single day or at least once in two days.

So, just like you, I believe one should use at least 5% of their income so that they can at least enjoy the experience. I know it can be different for people with addictions or those who wish to earn money from gambling, but those who gamble for fun can have more fun if they spend a bit more on it.

That's what everyone should do to risk their money in gambling. Lately I have often seen several fatal cases of those who lost in gambling, it was none other than because they couldn't control their finances when carrying out gambling activities.

I assume you have been successful in gambling, meaning: you master gambling, not vice versa gambling controls you, 1% for me is the best idea and solution for us in overcoming negative actions towards gambling activities, I like the way you manage money in gambling.

Not some people, they are too greedy, so there is no consistent view when using money, cars, loans, houses for sale to gamble, it's a ridiculous thought and in the end of the story suicide.

These are some of your internal rules regarding the permissible amount, there are many players here and each has their own permissible amount, for some it will be $50-100, and for others this amount will be in the tens of thousands, so everything is individual.

1% is about risk management, when regardless of the amount, you must adhere to a certain budget distribution, which will allow you to move evenly in gambling and thus it will not allow you to lose your entire deposit for several bets, which is very important in gambling.

This is a trick of gambling sites, where they will provide small wins to attract gamblers to continue playing and gambling sites return to withdraw their small winnings until they run out, the small winnings that make them return to gambling because that is the trick of gambling sites, where they will drain the gamblers' finances, this is not the fault of gambling sites, but this is the greeting of the gamblers themselves who cannot limit themselves in gambling, therefore they gamble continuously to recover their losses.

This is not other than this is caused by themselves, it is not reasonable if they blame the gambling site or blame others, because that will not change the situation either, if they lose, they still lose, the winner is the gambling site, and vice versa if they win, I think the gambling site is giving a test to people who gamble, will they come back to gamble or not, but usually many people return to gambling for the same reason to recover the losses they have received.

Yes, that's right, one day we will encounter a problem in gambling, therefore we must always be careful and think carefully every time we gamble so that the problem doesn't become big if we can anticipate it early on and I agree if this happens and if we can do it well then we won't feel burdened, instead we will gamble in the long term because we feel safe.


It is true that every gambler has different preferences on how they gamble and this is up to each gambler to decide. because every gambler must be able to accept all the risks that will occur so that they bet according to the contents of their bankroll, then they will consider whether to bet a large or small amount, because in gambling there is no compulsion in any form, only yourself will make the decision.

It would always falls down on someone preference because there are gamblers who do have that bigger bankroll or balance but still have decided on making use of small bets on everytime that he would really be putting up or making deposit on a certain platform. There are really just that who are mindful when it comes to spending and we do know hat 1% isnt really that much or even considered to be so small on which people would really be having that kind of thinking or consideration on adding up more and this is where risks tolerance would differ into each other since not all would really be that having that kind of consideration on the time that they would really be doing gambling. Some might bet big and some might really be that bet lesser. So it does vary.!

Some of the gambling sites was doing like you said,the gambling site will allow the gamblers to win.So the gamblers will get some good hope to make more money from that gambling site.It made him to try for the many time to recover the loss again d again.But the fact is that gambling sites will do the drain of the wealth from the gamblers again using their algorithms.The gambling site will allow that gambler to make the small win again and again.But if the gamblers use the big money,the gambling site will do take of the money into the gambling site.So the gamblers should choose to play in the good gambling sites to get fortunes from the gambling games.The gamblers who make the small win will keep try for the big winning was achieved.