Topic: Risking 1% in Gambling - page 20. (Read 4395 times)

But on the other hand although it is possible for them to be careless I don't think they will increase their budget too much from 1%, because obviously they are used to 1% and if they are not satisfied with their winnings then maybe they will only double the amount to 2% or a little more, which means it is still not more than 10% and I would say it is still quite safe.

On the other hand, in my opinion, it is not right if you put satisfaction in gambling results because the name of satisfaction will always be graded or means leveling up to be higher and it is dangerous for the gambler's financial condition. But yes, it cannot be denied that there will definitely be or even many gamblers who apply a sense of satisfaction to gambling results driven by greed, the fact is that all of this is beyond our control and it is their choice and only they will feel the bad impact. For those gamblers who are still doing well with their 1% budget allocation, I hope you will keep that approach consistent, and don't act recklessly just because you see someone else's fantastic winnings, it's just a temptation and a trap.

It happens if we have a good enough job and a guaranteed monthly income to do that but for those who are on the average line with a monthly income from the salary of the work done actually I think this is still lacking and it happens for myself.
In my country the average salary received is around $200-$300 per month which means that if we spend 1 percent of our monthly income indirectly it means that one month we only have to spend $2-$3 which is not really enough.
Although that is a good guideline so that we dont get too carried away in gambling but  i still do it my way where i do it with a slightly larger nominal where in a month i might be able to be in the range of $15-$20 which means that it is 10 percent of the income that i get. Although this is considered too much for some people but im comfortable with this and it also doesnt interfere with the quality of the economy that i have so i dont have a problem with the amount that i spend.

With 1% of your income, you can go careless with your bet and just enjoy whatever the outcome. If you win, you'll have an extra money to spend, maybe buy some beers and invite some friends to come over for a drink. It's not really a significant amount, but not everyone would be satisfied with that 1%, at least those who are will be safer.


There's no fix percentage, it's mostly base on gut feel since our aim is to win or maximize our profit. 1% is just small that we can afford to let go, so if we can cash out a big profit, that would be an extra satisfaction aside from gambling itself.

I'm a gambler, and I gamble regularly so you can't call me a gambler. A person does not become a gambler just because he or she presents facts about gambling. You can say that you sometimes gamble with the intention of losing money, but why do you? Every gambler, if asked such a question, will surely say that they do not gamble with the intention of losing money but rather with the intention of gaining money.  The intention is to win us but sometimes luck is not in our favor and our decisions are wrong due to which we lose gambling. I myself take gambling as a pastime and after finishing all my other work, I spend some free time in gambling. It's one thing to risk money and another to gamble with the intention of losing money and you're conflating the two.

Yep, that's true, because gambling doesn't always give us profits by multiplying our gambling. Well, believing that gambling is a way to overcome poverty is of course wrong, because it is impossible for them to win so smoothly. I mean it's impossible for gambling to always go according to wishes because what I know is that gambling only costs a lot of money and doesn't make a lot of money, especially if it happens often, it's very impossible, there are often losses rather than frequent profitable wins.

For those with limited incomes whose monthly income is only enough to meet their daily needs, I don't think they should force themselves to set a budget for gambling, it's better for them to focus on their daily economic needs. they can gamble if they have bonus money from the job they have, meaning they can gamble with more money than what they usually get, maybe that's not a problem. as long as you can control yourself. When they gamble with a bonus budget from work and lose, they have to stop and not force themselves to continue gambling, let alone use the money for their economic needs. Even if they almost win, they are not advised to continue gambling. So it's better to stop when you really have to stop or they will become addicted to gambling which will drain a lot of their money.

Looking at the article you'd understand that it's not only limited to wagering 1%, the player is required to adjust according to the amount he earns each month or annually. This is a good strategy for gamblers to always manage their funds and lead a valuable gambling experience. Nothing is wrong in staking games with 1% of our income, regardless of how much we'd earn from gambling the little amount. It's better to depend on the money we earn from business than money made via gambling. As it's not a place to make money or earn a living. It's a bad decision to spend all the money we make from business or company in gambling hoping to triple our profits. The trauma such a decision can cause to a gambler would be enormous, as he won't withstand the number of losses attributed to gambling. However, not everyone would love to adhere to this type of advises, and they'll go ahead to wager more than they can lose. Affected in business productivity, the gambler would lose more; in gambling and income sources.

Wouldn't it be a severe problem for the gambler? Gamblers must follow instructions from gambling experts, as there is a reason why they devise such methods of coping with money management. Many have experienced the downside of loss of money control in gambling. And doesn't wish for somebody else to pass through similar disputes.

However, it's not easy to stick to those instructions, because we all enjoy gambling and would prefer to get more of the thrills. Then we forget that the thrill isn't a thrill if we end up regretting our actions. Now believing after the whole game, that the thrill was a trick, puts gamblers to another level of anxiety. Those who seize to practice what they've learned about gambling face more difficult times, and find it hard to give up the bad habit. As they wish to recover all the losses at one go, wagering more money for a jack pot. Which doesn't come easily, and before it arrives the gambler may have chattered his income and derailed productivity. Therefore, he becomes half addicted feels bittered about gambling, and is not able to help himself. Hence, whenever we gamble, it's important to manage the money we earn through businesses, then follow advice like OP's.

Like you, I think that such decisions are compulsive and it is very difficult to stick to constant values in bets. Let's imagine a situation - you have been waiting for a predictable match for a long time, and you see that teams that you know well are playing tomorrow. This means that you can predict the result of their game with a high degree of probability (as it seems to you). Then it will be difficult to withstand and not bet, for example, 5 percent of the deposit - the match is predictable! It’s these spontaneous decisions that I’m talking about. They ruin the player's financial strategy.

No risk is ever small, in EV- gambling your luck will wipe out the balance before you know it. Low risk gambling is a gimmick in my opinion, any gamble is a risk and if not stopped quickly leads to losses that cannot be recovered. You are basically just playing with the money at a 50% chance of winning and you will lose.

The less you take risks the less the rewards, which is also true and that puts off the gambler who thrives on risk. Hence the gambling industry works, the casinos market their risks and the gamblers pay for them.

But from the start, setting budget of 1% for gambling from your monthly income will never be accepted easily because in gambling there is always feeling of dissatisfaction and with 1% we cannot get that satisfaction.
In my opinion, it not about commitment but about how much budget you have, if you can have large income then it worth it and can even produce commensurate win if you lucky.
It just that here everyone has different budget and of course 5% to 20% is budget that is still reasonable and acceptable if you lose.
Moreover, the gamblers here spend most of the proceeds from participating in the campaign on gambling and on average they use more than 20% of the total payments received.

Can all gamblers have the same income of $100 million?
This kind of response is not appropriate if it is conveyed publicly and of course not everyone can accept it.

By making an allocation, whatever the percentage, it must be adjusted to the amount of money you can afford so that you don't exceed the limits of what you can afford. This is to ensure that he does not lose a lot of money while gambling and that he can also fulfil his living needs well. With that percentage amount or one that has been adjusted to the amount of money he can afford, he can have fun well and will not think about winning or losing other than getting pleasure from gambling. And if he loses, he won't think about depositing any more money because he has already used his allocated funds for gambling. If he keeps depositing a certain amount of money, it means he is exceeding his limits, which could harm his financial position. And yes, by allocating a certain amount of money for gambling, he can avoid the possibility of gambling addiction, especially as many people have experienced this and it has become a serious problem that must be avoided by all gamblers who have not experienced gambling addiction.

TBH, I never estimate a budget for gambling but so far I only use money from campaign results and if possible when there is a good match on sports betting and at that time I dont have a budget I will just use the remaining money in my pocket without assessing what percentage I spend to gamble almost the same as what you do and actually there is no need to go into too much detail when you want to gamble as long as we gamble responsibly using money that is not used for daily needs, it does not matter, the most important thing is just not exceeding our limits.

maybe some people will do things like OP said, manage finances very strictly to avoid addiction, but some people dont because experience may also have an influence when it comes to managing a budget for gambling.

yeah that's great and the concept are same as the budget for gambling but on the gambling site, I don't have rules like how much percentage I want to bet in each game.  I just let it flow especially when i do gamble on Plinko the money and the times go fast + if you skip the animation and keep it auto on all colours. bet 100$ is just took a second to finish.

Do u guys have in in-game percentage when betting?

Of course, with 1% allocated you are not really worried about losing a lot of money because you have allocated 99% of your money to meet your living needs, in this case it means that you don't really prioritize gambling because what you prioritize is money for your needs.
At least with that 1% you can enjoy gambling and have fun without having to think about when you lose, where you are ready to lose that 1% and you can stop easily without having to deposit again to catch up on your losses.
By allocating 1% to gambling, of course you don't need to worry about being addicted to gambling because you have allocated 99% for your needs, not for gambling. If you are a gambling addict, maybe you will do the opposite.

1% is not too risk for people who earn more than $1 a month because they don't use half of it but only 1% You should understand what I mean if those who earn less than $1 per month are better off not using gambling because what is being discussed here is using 1% of the money that we can afford to lose, if someone think there is no more than 1 dollar a month, it mean they are using 1% their money to make a profit from gambling, even though I thinks that is impossible because gambling does not necessarily give us a profit.
Those with low incomes should not use their money to gamble if they are not prepared to lose it that money.

Gambling is never been an income and it is really just that for fun, there are really just those people who dont really that cant really be able to control themselves on what they are spending. 1% is something that would really be that good because you wont really be making yourself getting wrecked with gambling if you do have this kind of spending. It is really just that there are people who arent really that getting contented on the way that they are spending because they do really aim for something bigger and this is something a behavior on which you shouldnt really tolerate or else you would really be finding yourself on great trouble when it comes to finances because people who do usually wreck up themselves on the time that they do make out those huge spendings just because they do really believe that they could be able to succeed with gambling.
It is really just that there are people who do make themselves delusional instead on minding about realistic approach on things.

When you do gamble then you should really be only spending on the amount that you can afford to lose, never ever make yourself on betting on the amount on which you cant really be able to afford to lose.
Usually people would really be that having those kind of impressions but there are ones who arent really that getting affected with these things because they've been thinking that they could be able to
to have some fun without needing to spend that much and treating up gambling as a form of entertainment and leisure and not into some sort of income making.
There are really just those people who cant really that have that realistic approach towards gambling and acting up on the opposite way.

Maintaining will always be the hardest thing and planning may be very easy because you have not felt what things or temptations are there that can make you increase the amount of your budget from 1% to 10% maybe. But on the other hand it doesn't matter because with the intention of taking a smaller risk it is better for you, the other thing that must be considered and prioritized is that you must maintain awareness and firmness in terms of limits within  yourself so that you are not easily tempted by any temptation that is there.

some time what some gamblers just want is just r have fun and ease off stress and you can see that from the pattern of bets and how much they place on their bets at some point, many of them use the 1% stake it will be much more obvious that that set of gambler are just the fun seekers and nothing more.

But when you see someone staking a huge amount that is basically out of comprehension it then becomes clear that greed is outplaying their sense of judgment and at that stage,  their risk factor will become high.

I also think 1% is really small, but if it's only what other people's budget can afford, there's nothing wrong with that as long as you enjoy playing gambling. Because I can bet 5% and I can afford to lose, for me there is no problem even if it is a few % as long as you are careful about gambling, you will not exceed the budget you have set, control your emotions there will always be no problem. Everyone has the right to gamble, just be careful because we know that gambling can sometimes ruin lives.

You are right bud, but then, with consistent income, the impact won't still be felt since it's not like the 1 percent is being removed from the same amount of money that 1 percent have already been removed from before, that then simply means, it's no longer 1 percent that is being removed but more.

For example, if I earn a consistent $70,000 dollars every Month, and from that amount, I remove 1 percent off it every month to gamble, even if all the games always end up in a loss, the impact wont be felt since money is coming in consistently.

Consistent loses becomes noticeable and possibly affects the gambler financially if the gambler doesn't have a consistent income.

And worthy of mentioning also is that, not like it's hard for any one to only stake 1 percent of their income on games, but we all know that the higher you stake, the higher amount of money you would win if you are lucky, this I believe is one of the major reasons why most gamblers over bet.

Yes 1% is still at a good leverage level and with minimal impact if it be that it becomes a loss in the end since the amount in stake can be said to be an effortless amount that can easily be looked away from if it becomes a loss a the end of the day,  and you are right to say that gambling along that line of stake in 1% is still same as betting with the amount that one can lose and still be comfortable with on the long run.

Staking 1% out of the entire income may be okay but if it records frequent losses and does not make any income increase it may also means a lot of it being accumulated over time as losses.

Well, I personally believe that this strategy is also the same as gambling with the amount of money one can easily afford to lose and not bother about it.
For me, this is something Ive been practicing for a very long time now, i might not have paid attention to playing with only 1% of my household income, but I've always made sure that I do not exceed the amount of money I am very comfortable losing, and with this strategy, my Gambling experiences have always been awesome, only one time can I remember that I have gone over board in betting a huge amount of money, which I lost, and the experience was really excruciating, and since then, I've learnt my lesson and never will I make make such mistake again.