Topic: Risking 1% in Gambling - page 21. (Read 4380 times)

I also think so, 1% of my income is too little to gamble with, it's only around $5 USD and there's no point in gambling that little amount of money because it will only waste time. I think gambling more than 20 percent of your income is still reasonable, the most important thing is that you have set aside money first for important needs and other things which are priorities, then you can gamble freely with the remaining money. Because after all other needs are more priority than gambling, don't do the opposite because it will harm you.

Just because gambling may multiply your money doesn't mean that you should go ahead and risk your life savings. If you can't afford it, it's a no-go, period. The issue is that there are people who're barely making ends meet who rely on probabilities, believing that gambling is their way out of poverty. Unfortunately, it's a pretty common occurrence and usually doesn't end up well. It's extremely easy to get carried away and lose track of how much money you're spending.

Betting with 1% of your budget seems like a joke but it's the best approach, I can't talk about the earnings as its directly dependent on the 1% committed which might be sufficient enough for an equal win.

A man with $100m  betting with $1m and winning $500k or $1m is considered a reasonable win.

I think It's commendable that people are taking a cautious approach by limiting their bets to a small percentage of their total funds. This strategy helps mitigate the potential negative impacts of losses and promotes a more controlled and mindful gambling experience. Your insight into the connection between the amount of money wagered and the emotional response to losses is crucial.

Indeed, betting an amount that people can afford to lose is essential in preventing frustration, and impulsive reactions, such as chasing losses. Misplaced expectations can indeed lead to dissatisfaction with gambling outcomes. Recognizing the unpredictability of gambling results and understanding that turning opportunities into victories is not guaranteed helps set more realistic expectations. This awareness can contribute to a healthier and more enjoyable approach to gambling, emphasizing the importance of responsible behavior.

The 1% of the current income standard will be very low,because for the developing or under developing countries average salaries is 100$.So the one percentage of the 100$ will be like the 1$,most of the gambling site doesn’t agree the bet below of 10$.Even if they agreed to low bets,the winning was based on the amount of money bet in the betting.The words are easier one,but applying was the hardest part here.So the 10 percentage of the income will be fit for the betting and then the gamblers may get the decent winning from the gambling site.If they can afford 20 percentage,So the gambling may starts with 20$ as initial to the gambling.

Even if you decide to spend 1% of your capital on gambling to minimize losses, it will be almost impossible to keep to such a small self-restraint, especially if the probability of winning seems almost one hundred percent. Easier said than done

That's right, if someone is struggling for their daily needs, gambling is not recommended. Even though gambling can be called doubling money but that is not the case, also if they still insist on gambling with a budget of 1% of the income they get per month, I think they will definitely want to gamble with a budget of more than that, because maybe gambling like that will feel boredom which can lead to a sense of wanting to gamble with a higher budget, and this certainly should not happen, because someone with a limited income must struggle to make ends meet. even if they gamble with a very small budget it is not recommended, it is better not to gamble at all.

Therefore, they should focus more on their more important life needs, do not let someone who is struggling with their life needs be tempted by those who say they can double their money in gambling, because that is not true for sure.

But does the percentage used really better, some individual gamblers can decide to use 1% of their income but yet they won't win while if they use other percentage they can win. What matters when we're gambling isn't the percentage we use but the outcome of our bets. Although the outcome isn't in our control but we should do things that'll make the favour come to our side a little. Some of those things is to not over gamble or using a wager that'll be too big for you to lose.

Gambling should be enjoyable and entertaining so we don't get depressed when we lose as losing is something that happens regularly when gambling, if using 1% is comfortable for you then you can use it so If you lose you don't lose much money but if 1% won't be enough for you then you can increase your risk. I use different percentages depending on the game that I'm playing as there are some games that I'm more confident in that I'll win when I gamble.

This is a fatal error in thinking that 1% used for gambling may not be too risky. And I know why you may think about it this way is because you cannot fathom that there are regions in the world where people earn less than a dollar per month. If they therefore use more than a percentage of that amount for gambling, then they are bound to go hungry for the rest of the month. In this situation 1% is the amount they can afford to lose anything above this is suicidal.
Sometimes they are lucky to win 10 times of their wager sometimes they are not luck but that is not important. What is important is staying within their risk management limit.

Yes that's right, taking small risks we can be sure that they don't bring any greed to their gambling approach so they only put 1% of the money they have, I say that they are quite responsible gamblers by only putting small amounts because of the amount of money What you bet will have a big influence on the impact you will experience later, for example, if you bet an amount that you cannot account for the loss, then it is clear that the most likely thing that can happen is that you will be annoyed and even act out of control, such as chasing losses.

The main problem lies  in misplacing expectations, I'm sure that's what makes them always feel disappointed with the final results not being what they want. They think that it is very easy to turn the opportunity of victory into reality, but it is not at all, on the contrary what happens is defeat which will continue to dominate you. So the point is that you have to pay attention to the money you will allocate, try to put money that won't be too much of a problem if you end up losing, it will keep you safe and comfortable.

1% sounds like a tiny amount of money to me; if you're earning €1000 per month, it's actually €10 to be put towards gambling. To be honest, I usually gamble more than that, and I'm quite careful and reserved in terms of how much money I spend on gambling. However, if someone is struggling to make ends meet, then they should avoid gambling in the first place; they're not in a position to lose money. Even if you can afford a small percentage of your salary to be spent, you need to have a buffer, as it's easy to get carried away and exceed your predetermined amount intended for gambling purposes.

I think it's pretty self-explanatory why someone in this situation shouldn't gamble, even for minor amounts.

Because they have similar functionality, employing this method of spending a particular amount of money is for those who engage in futures trading, which demonstrates that the person is not greedy and that you are trying to gamble responsibly. And using 1% everytime then you playing safe. Because a lot of people have endangered the living of their family just because they keep making wrong moves in gambling and if anyone can not control their self all they can do is to aviod gambling just as you said some people's thirst for money is high and the best thing people with does kind of nature can do is to aviod it and do others things for fun. Because once your decision is made that this is the amount of money you want to gamble then you have a lesser problem then.

If I look at the 1% that will be taken from my source of income, it seems like a small amount that will be allocated for gambling. I don't see anything wrong with this approach, but it actually helps.

This 1% may even push us to luck when we play crypto gambling. because maybe it also depends on the perspective and principles of a gambler like me in this matter at times like this, and I think it's a waste of time and money either way.

His opinion is owned by him, but he sounds like a careful person, who doesn't want to lose a dime in gambling. Why he's here in the first place, may he be preparing or reading to know more about gambling? A person may not be interested in paying to watch a football match, but he can stay around those who discuss football. And he's completely welcome to participate in this discussion. Even if his points or response ain't valid, we also need his abstract comment to understand that not everyone thinks like everyone else in the discussion. Which balances the discussion and turns it into an argument. However, paying 1% of our income is not too much to ask, as we spend lots of money to maintain other responsibilities in life. Hence, anybody who feels like getting relief through gambling after a stressful day, week, or month. Can easily gamble for pleasure and revive themselves for a better performance the next week.

However, not all humans understand the importance of gambling, they think it's a waste of money. But, fail to remember that they also spend money on hotels, drinks, etc. Even those other ones don't have any possibility of rewarding the buyer with money. I understand he wants to stay safe and doesn't want to get involved in gambling because of all he's heard about gambling. It's good, instead of becoming one, which might get addicted to the habit. Everyone is entitled to what they choose to do with their time and money. Hence, no need to think he's anti-gambling, if he is, he wouldn't be here. And a person who gets discouraged due to his response also isn't on the wrong side. Gambling is a free-will activity, as the risk is enormous. Although the goal is not preventing people from gambling. If someone is unsure about their ability to manage gambling-related problems like addiction and financial loss, they can choose not to participate.

It's okay if you only use a small amount to gamble rather than the possibility of losing more money while gambling. We must avoid losing a lot of money from gambling and if 1% is an amount we can afford, we must still use that percentage to allocate funds to gambling. We don't need to add a larger amount of money because that could result in greater losses. Taking a 1% risk of losing money is enough for people to enjoy gambling as entertainment because they don't have to gamble for too long, which can make them lose control of themselves. We do not seek profit from gambling but only seek pleasure from gambling so that if we cannot win, we must be able to accept it and not chase bigger wins. And if they also don't have a gambling addiction problem, they should still use that allocated fund so they can also avoid big losses.

So does your statement implies that you are anti gambling? If so, then there's no reason for you even participate in the gambling discussion as your statement is more like discouraging people because of the possibility of losing. No offense, but gambling is not about losing that you'll have to spend for it, it's about enjoying, getting the entertain and you are willing to risk money for that, even if you lose.

You decide to gamble with the amount of money you can afford to lose but I never want to lose my money by gambling. I have earned even one percent of my total money so I definitely don't want to lose even one percent of my money by gambling. Gambling should be directly dependent on luck, gambling should be dependent on luck but first one must have one's own skill on the game. When I can fully apply my skills, I will have a different confidence in gambling and I will have a higher chance of winning in that gambling game. Every percentage of money is very valuable for everyone, you said if 5% of your total money is lost then it will not affect your life badly but I never want any part of my total money to be lost because loss means that money is minus from total money.

If using 1% is enough to enjoy gambling then it will not be a problem because 1% is a small amount and is not too risky if used for gambling. The most important thing is to set 1% and be satisfied with it, don't let it happen. especially if you can't afford to lose more than 1% of your money because it will pose a big risk where you will chase losses.
By using 1%, a very small amount of your total income, of course you don't expect to make a profit from gambling because in my opinion 1% is a small amount if you want to make a profit, but the most important thing is whatever the result is, you can accept it and enjoy it as entertainment.
Do gambling with 1% will definitely run out quickly if you do one gaming session and then you can enjoy the rest of the day which is more useful than having to think about gambling continuously.

Using 1% of his family's income is enough for someone to gamble because with that amount of allocation, he can already gamble and that may fulfill his desire to gamble. He must prioritize the needs of his family before his desire to gamble. After all, gambling is just to get entertainment, so he doesn't need to gamble too often, so he can avoid losing a lot and also use his free time to do other, more useful things. If he could reduce his spending on gambling, he would definitely have more money to use for other things, perhaps investing in bitcoin so he could make a profit in the future.

By limiting the gambling budget it can reduce the risk of loss which of course this is good for them, actually if their financial situation is not good or limited I don't think they should gamble, even if they really want to gamble they should use bonus money from their work, because people who have limited finances of course they may still have many more important things such as their basic daily needs, they must always fulfill their basic needs because it cannot be eliminated or left behind especially if they ignore it just because of gambling, with limited financial circumstances I think they are better off saving the remaining money from the income that has been used for their basic daily needs, rather than being used for gambling which is not necessarily going to produce even that there might make us upset ourselves.

No matter how small the budget for gambling if they are already addicted, it will be a different story. maybe they will be more willing to gamble with a bigger budget because they are annoyed with gambling that only relies on a small budget, but the other side is in luck. with a small budget that is put in if they are lucky maybe they will get a win that they can withdraw and enjoy the victory.