Topic: Risking 1% in Gambling - page 23. (Read 4380 times)

By taking other people's experiences as lessons for us, we can definitely think wisely and not try to experiment like them, especially since we know what impacts they have experienced, so we have to really pay attention to ourselves. It is indeed difficult to overcome or cure gambling addiction because it definitely hurts us, especially when we try to change ourselves so we can have new habits that are completely different from the usual ones.

That means they have to slowly change their mindset first so they can start reducing their gambling activities. After all, they have received the impact of gambling, and they should be able to realize that it is not in accordance with their initial goal of gambling, so they must try to change it. If they believe in themselves, they can definitely do it and can make a meaningful change so that they won't take any bigger risks. They are trying to prevent gambling addiction, which they could experience if they don't immediately realize it, especially if they feel that their gambling activities have started to change. They will quickly introspect what went wrong and fix it before it gets worse.

Yes, we should make other people's bad experiences as examples and lessons so that we don't have the same fate as them and end up with addiction, I think not everyone can go through extraordinary phases and pressures when they are already in the addiction zone, and many end up worse between stress, depression or even recently I've seen some news shows that there are desperate suicides due to dizziness because of debt due to excessive gambling.

I think the problem is as I said before that their mindset is very severe, they put too much hope in gambling, especially for victory so that they cannot limit all their activities and instead often do things out of control, and that means the first thing that must be corrected if they really want to change their bad habits then their mindset and understanding must first be changed, because if their understanding is correct then I think they can also make many changes, especially for the good of themselves so that they do not experience too significant an impact and do not end up addicted.

Actually if the salary of the gambler is 10k dollars,then the 1% of the money will be 100 dollars which is the reasonable money for the gambling.But we know the average income of the people in current market was 500 dollars per month,So playing the gambling with the 1% of 500 dollars is 5 dollars.With my knowledge we can't play any good game with the 5 dollars.So the gambler should understand and start the gambling with the 10 percentage of their income.So the average income gambler will do the gambling with the usage of 50 dollars in the gambling site.It help the gambler to make the reasonable money as the profit from the gambling site by using the 50 dollars.The usage of 50 dollars also not affect the gambler monthly expenses.

If relationships were initially meant for good and bad, I don't think these disputes would be coming up. Both parties feel too important and wants to know everything. No need taking sides on who boosts about being a gambler and taking advantage of the family money. The wife on the other hand, isn't perfect. She must have an attitude the husband doesn't like and he adapts to it. The whole thing requires a mutual understanding, so far the gambler controls or manages the amount he spends on gambling, falling into a quarrel shouldn't be raised up. As the wife or the non gambler, is expected to understand, the gambler isn't irresponsible. If you read the response of the member who doesn't care about his wife's attitude of shopping with her friends, exemplifies the same point I'm voicing out. Once both adults execute their plans and attitude moderately, the whole complains on your second paragraph will be pointless. I notice, some people will never be satisfied, due to their family rules, you're right. But, we can adapt to that and minimize the gambling habit to her own suggestions. Because, she doesn't feel good about gambling, doesn't guarantee her to stop her husband from gambling. In such cases, the man can easily hide his habit, to maintain a peaceful home. Unless the gambler is addicted, which I'll never be support, the woman is always right to stop them. But a responsible gambler should get the respect he deserves in every home. 

It's true, I don't agree with betting 1% of monthly income, because it cannot be applied by various types of people based on the monthly income they earn. Wouldn't it be wiser to "Bet with money you can afford to lose ?".

Whatever it is (5%, 10% or even 40% of your monthly income) as long as it doesn't disturb your psychology and make you a problem gambler, then it won't be a problem.

I usually read this kind of rule base on bankroll and not in monthly income. And actually 1% is too low if don't have a decent amount of bankroll, and you are right, we will be missing the entertainment here if we are gambling with an amount that we don't feel the thrill anymore.

$1000 is a good example as $10 (1% of it) is just too small to budget for one month in gambling, I wonder how are we gonna even pay the transaction fee of sending that money to crypto casinos, fee alone could already deduct like maybe 20% of that $10, so it doesn't make sense to me.

1% of monthly income for betting purposes is only applicable if you are making like $100,000 or more per month as $1,000 should be a reasonable budget.

There is no surefire strategy for minimizing loss just as there is no golden rule for making a profit. When you win a good amount from one bet, the risk rates in the subsequent bets will increase, given that you are gambling with profits and not with capital. Many people fall into this temptation, and they lose more than they gain in a short time.

Theoretically, 1 percent seems good for reducing risk, but the size of that percentage must be taken into consideration because 1 percent for Bob, who earns millions in income, is not the same as for Alice, who works as an employee. The bottom line is that you should not gamble more than the percentage that you are not afraid to lose.

The first is to only use no more than 1% of monthly income, then continue by only playing 1% on each hand? This only applies if you have a large monthly income, what if people only earn no more than $1000 per month?

The calculation will be like this: $1000 X 0,01 = $10 | $10 ÷ 100 = $0,1

From the calculations above, where can I get at least some entertainment? it would be a boring game and a waste of time, it's better to do something else than have to apply that strategy .

Every time we bet in gambling even though it's 1% or even 100% of your bankroll then it will depends on luck once you have the luck then you will have a chance id winning a good amount of money and also a chance that your bet is being doubled or trippled, anyways 1% of a bankroll is quite good enough to bet cause once you loss then it's not just a big deal for me cause it's only 1% and also this is the best example if we must gamble what we are affrod to loss.

That's what we have to do when playing gambling so that we don't suffer from many things or experience gambling addiction because we have seen that many people have experienced this and have difficulty curing their gambling addiction. They cannot take care of themselves well while gambling and limit their money for gambling, so they lose self-control and instead use more money. And gamblers indeed forget the self-control they actually exercised at the start of their gambling. As their interest in gambling becomes greater, it makes them unable to maintain self-control.

The boundaries they have set while gambling have been violated many times until, finally, they really don't use boundaries anymore when gambling. If that's the case, it won't take long to see them lose all their money and go bankrupt. Many gamblers have lost self-control and ended up losing all their money so that they have nothing left. Their mindset should be changed first so that they don't seek win after win, and even if they lose, they also don't need to recover from their losses because it won't be easy for them. Instead of placing their hopes on gambling, they should place their hopes on their work, where they can make money and even have a steady income every month.

Yes, that's true by knowing the level of risk that we will get from gambling, and in fact, this level of risk can increase if we lose self-control while gambling. If we cannot stop ourselves from gambling excessively, we will only increase the number of losses and end up being bigger than before, and so taking small risks. At the same time, gambling must always be considered to reduce the risk of losing money, especially since many gamblers have lost large amounts, so this should open our minds to always gamble within limits. After all, we use gambling only to get pleasure and will not pursue anything from gambling.

It's to hard to risk 1% in gambling. If you'r attention to risk 1% then you need luck on your side it's to hard to risk 1% because the game of skills and technically sometimes luck is needed but sometimes luck is against you. You're in profit in gambling but sometimes your luck who agenest you. If you are very lucky that case you can risk 1% or otherwise its hard to do.

Gamblers like me are usually not very active or can be said to be less addicted because when they decide to gamble they definitely have extra money after meeting their family's living needs. Usually we will only gamble on football because we like watching it and also place small bets as a complement. We definitely never calculate the percentage because the gambling we do is only for small needs as a complement to watching football.

If you use other money it may not have an impact on you, but what is worrying is that if someone is addicted to both types of gambling then he is using the money he earns irresponsibly. If you lose in a row it will affect your daily and monthly needs because you will run out of money to gamble. This is where many people involved in gambling make the mistake of not separating their gambling budget from their living expenses.

It's not easy, because trying to stay sober in a drifting state is not easy, which is why there's usually regret at the end of the session. On top of that, your logic and emotions will be battling it out between staying safe or trying to continue chasing something that is basically uncertain due to curiosity and not accepting defeat, and it's usually very difficult to think logically and reasonably due to the heat of the moment which makes it difficult to do so because of the emotion that is difficult to subdue.

Basically your statement is true, it's good advice to encourage someone not to make a mistake in approaching their gambling involvement, because even a little mistake will be very difficult for them to return to a healthy mindset because they have lost money that they cannot give up. Understanding from the beginning is the most important thing in this matter in my opinion, a realistic point of view and way of thinking will make you not misunderstand what gambling really is, I think you will avoid something that looks tempting when it is just a temptation and trap. You will be fine if you know and understand what gambling is along with the concept of real luck, that's all.

There is no gambling platform that will not tempt you to gamble continuously. Of course, when you are the one who is actually gambling, the situation is different. It is our emotions that fight with our thoughts when we start gambling.

So this is not new to gamblers like us. All we need to do is discipline ourselves if we are going to take the 1% risk on our earnings, whether it is a job or a freelancing opportunity.

% would really be that differ on each person but literally it is really that safe when it comes to kind of limit. If you are allocating a certain fund then it would be that no sense if you are really that putting all of your
salary or allotment into it. It would really be basically just that normal that control and moderation or else then you are really putting yourself on such big trouble later on. We do know that each person does have their own financial capacity. There are ones who are really that good when it comes budget allocation or bankroll management and there are ones who do really sucks bigtime on this one.
This is why it why it would really be just that important on doing so specially if you are dealing with gambling. Dont risk on the amount on which you cant afford to lose.
Also, our wife is really that too strict on where our monthly salary would go and if you do get that huge slice into those amounts then be prepared on whatever questions would be asked. 

Gambling deserves 1% of your entire money you make, because it's the most risky way of making money, at this level of risk you will feel more comfortable, at least what you are risking isn't much, with this type of amount you can also get the same entertainment that everyone is talking about.

If what you are risking is much your mind won't be on the fun or entertainment side, you only want to make some money and also you don't want to lose your money, greedy gamblers are the ones that have no fun in gambling, because they can't afford what they are risking on gambling yet they want to walk home with big amount of money.

Sometimes I even risk less than 1% in gambling because that's what I can afford depending on the situation at home, when you have people that are counting on you to survive you need to be a strategic person, I have a family at home and they are counting on me, there are bills to pay and other, how can someone like me be reckless with gambling.

What you invest in gambling. Is using the word investment normal for gambling? Let me try to rephrase, what you are willing to spend gambling differs from person A to person B. I know that the society or some psychologists must have tried to draw a standard. Even while following standards, there are individual discrepancies that needs to be respected.
The amount of money used by a casual bettor should differ from the amount of money used by a serious gambler. Someone who is an expert gambler and have evaluated themselves for years and understood that they have a way to win, maybe on the long run, sparing 5% is not bad for that gambler. In the other hand, an inexperienced newbie using 1% is very nice and that is subject to increment when they must have mastered the act of gambling.

Fun gambling is based on people in a relationship knowing and respecting each other. Here, he defends his gambling by saying that it only costs him 1% of his income and is therefore safe. Still, she sees this steady loss of money; a pattern forms, which makes her suspicious. He says its just for fun, maybe to get her into this world of chance by calling it "harmless fun." But her beliefs, which may come from being taught by her family, are at odds with this idea.

What did he do? Covertly use money for gambling while keeping the peace at home. But isnt this just lying under the guise of safety? He prides himself on understanding her, yet chooses to ignore her disgust for gambling. This approach keeps things calm on the surface, but it makes a deeper disconnect worse. Even though he respects her, he breaks that respect by doing things she hates. Whats the point of gambling if it breaks trust? This is a gamble not just with money, but with the very foundation of their relationship.

Knowing about what we are doing is very important, we shouldn't attempts gambling just the way we do to other things in life because each has its different ways of approach, gambling is not a source of making a profitable income from the bet we made, we should know the level of risk already involved when we say we are about to gamble, which also means we can loose or win and when either of the two occurs, we should accept it with all comfort because we realized that gambling is not a winning always attempts in playing bet.

That is if you have control over your bankroll and you manage it well, some gamblers have issues with their bankroll either they lose it fast and have to add more because they are not satisfied with their game, or they are chasing losses that they forget that what they allocated is only 1% of their income, gambling is a game of luck but some people forget that it is and because of their strong urge or motivation to make money they keep adding on to bankroll forgetting their allocate percentage.
I don't think this 1% is okay or will suffice who are addicted to gambling, as long as they are not satisfied or they still have money to fund their account they are still going to go for it.