Topic: Risking 1% in Gambling - page 26. (Read 4423 times)

Yep, perhaps this strategic approach would be suitable for those who gamble on a daily basis, and even if a month's total loss is above the applied level, about 30% of the monthly salary is spent on gambling. But still more realistic is the issue of whether management really ensures that it will not stop when it fails. I believe that many people who are passionate about gambling will not be alert enough to maintain the original rules.

For me, gambling inspiration is only used occasionally, maybe on weekends with sports betting or online and offline casinos. But I know that many people are also professionals at gambling, but that is not what I pay attention to in this field.

If you only use 1% of your money to gamble, I don't think it will be a problem as long as you don't gamble every day. This means that we only bet 1% of the money we have 2 or 3 times a week and this step can also overcome the risks in gambling. .

According to this thread, risking just 1% in gambling is good advice and important for gamblers to do because it can anticipate large losses and does not make a gambler addicted.

I agree with you, only use no more than 5%, in my opinion it is still a reasonable limit, not too small and not too big. The most important thing in gambling is that we can position ourselves as responsible gamblers who can manage our finances well like you do.
as gamblers we must be able to apply gambling within these limits, set a budget that is not too big and when you make a profit, immediately withdraw the money, but when you lose the money that has been set, stop immediately and do not continue gambling because it will be very risky to lose more money. Even bigger than the limits that we have implemented, a disciplined attitude in gambling is very important, we must be able to comply with the rules that we have set.

It does at least sound like someone is defining limits and a budget, but it is a relative number that may not apply to others. However, since it is a very low one I guess this could be handled by most of the people. 10% could be a number that not any household can afford to spend on gambling and the question is when there is really no spare money at all, whether a 1% rule could still apply because someone does it to find some time off for themselves and relax.

This seems like a sound idea, but value-wise, better use the entirety of your funds to something worthwhile other than gambling.

Most people still prefer the safer option when it comes to sports betting, so obviously there is a very little return that each winning bet will get. Of course, people who want to be optimal and smart in their approach would not want to bet more than 3 or 4 events at the same time, as that may affect their analysis and predictions. If you are risking that small amount to win 1.5x more, is it worth the time you have analyzed a bet and researched for current news? I don't think so.

Then again, to each his own. If you have a larger gambling fund, perhaps the 1% approach will work. But to those who only has less than a $100 to bet on, better up the increments and look for safe bets to work with.

Well, I don't often seem to calculate the percentage of what I am gambling off, but I think it's wise to not gamble more than 5% percent of one's income, or perhaps don't gamble more than the amount that is supposed to be used in sorting out other important bills, which will get you to regret it at some point. For example, since I love sports, I can just stake $20 in different games, like five dollars each, and while the game is running, I will not have the need to bet more but to relax and watch the matches play out. If I am also playing slots, I could just decide to use $20, and when it exhausts and there is no serious win for me, I will just rest for the day.

That's the best percentage to use on gambling because the money is not much so losing it in gambling will not affect you in any way but however the only thing is that the chances of wining a reasonable amount of money will be very low because the amount Is quite small to expect something big from any wining from it.

I think that's one of the reasons why most gamblers prefer to stake higher amount of money in other for them to have
a good reasonable amount of money if they eventually wins but however is better to gamble with the money that cannot affect you if you lose it.

Risking 1% in gambling could be the safest strategy when it comes to gambling, that is even if you lose them all, there will be no regrets and issues. But for me, it's like I'm risking for nothing. It will be more challenging if it's 3-5%, but I guess gambling with 1% is quite boring for me.

I may be quite generous when it comes to betting but it's the only way I'm getting thrilled. The important thing here is that I still got to manage my expenses and losses from my gambling habit, and my finances are not put at risk.

Are you sure that 1% makes it a safe bet? Why not go lower into like 0.1% and make it extra safe?

When I read it for the first time I thought that you must be joking or it's one of those threads made for the sake of posting so you can make your quota, but I'm not so sure now since you're making a whole explanation of how betting low makes it safe from losing. How's that really working out for you? Do you really think that your odds change when you lower the bet?

I think that when that 1% is 50-100 dollars for me is enough to gamble for month,well for most people is a low amount but I like to use IDR as a currency and you can multiply that with near 16.000 IDR which is 1 dollar in value so I can play really long with that amount.For example near 1.600.000 IDR is 100 dollars and with that amount if you only play sport betting or you keep buying the bonus in Pragmatic slots with lowest bet amount you can have a huge amount of fun no matter if you lose this money,you will play long enough to enjoy a lot considering you are only paying a fee to have fun in this context.

It's really a nice idea, but we all know most people won't follow the idea. A lot of people in the gambling space are gambling because of money, so if you suggest they gamble with just 1 percent of their gambling portfolio, we all know it's really safe, but they won't be able to make the money that they are looking for. The only people that can follow your strategy are those who just gamble for fun, but people who are gambling because they want to make money won't follow the strategy that you just recommended, most of them don't care about the risk which they are taking, all the want is jackpot from gambling, so the are ready to do everything just to hit the jackpot.

I don't have any fixed percentage that I do gamble with, actually, I do gamble with just a little amount of money. I don't really spend much money on gambling. I gamble with any amount that I wish to gamble with at any particular period of time, maybe I should still start monitoring the amount that I am spending on gambling.

Most people don't really follow all those strategies because of the high reward they are looking for. Let me use future trading as an example. Don't you see the high leverage that most people use just because of the high reward they will get, but they do ignore the risk in using high leverage. The same thing is applicable to gambling, people will want to gamble with a large amount of money just because of the reward they will get.

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Mentioned about having that 1% of his bankroll and not with the odds that he's been talking. Two things are different and this is why it would really be that important that you should really know
on how to read up at least on what are the things that had been said or mentioned out so that you could really be able to respond basing up on what had been said.

Risking out 1% of your bankroll then it is really that a good approach but do we really believe that gamblers would really be patient enough and tends to make things stay put on longer runs?
For sure with a couple of losses then you would really be pretty sure you would be changing up those percentages and you would really be that ending up on
betting even more until you do go all in. 

How sure are you going to know that the only risk you took was only on 1% and nothing more, we should know that gambling alone is taking a risk to bet on wether to loose or win which is a 50 by 50 percent perfect risk, now the kind of game we played also has it constituents along this risk, am not saying that we cannot even use a single 1 percent probabiliy to win a bet, but the chances in relation to the probabilities are very small and weak.

The people who need the advice more, are people who gamble more regularly, so that they do not overspend money on gambling to the extent that it affects their daily living. Even if you gamble with small amounts of money but often, you will not know before you exceed the advised 1-2%.

For people who gamble less frequently that is occasionally, they can afford to gamble heavily at once, because since they show signs of lesser addiction, they will be able to control themselves better, and stick to the 1%.

Gambling is not a way to make money, if you do not have money, work and try to get money from other reliable sources before you decide to gamble. Do not become the desperate gambler who lacks self control.

Agreed.. Implementing that limit could potentially lead to increased aggression and frustration among some gamblers, particularly those with a strong urge to gamble, because such a limit could hinder their ability to gamble as much as they desire, leading to feelings of dissatisfaction and a compulsion to deposit more money in order to continue playing. That limit will reduce the potential benefits, but also could help to reduce the overall amount of money that gamblers spend, potentially mitigating the negative impacts of gambling on their finances and personal lives.

The effectiveness of the limit would depend on the individual gambler's motivations, financial situation, and ability to control their gambling behavior. While it could lead to increased aggression in some cases, it could also promote responsible gambling practices and reduce the potential harm associated with excessive gambling. But I dont think gamblers would stick on very small limit, adrenaline and greediness would break the limit.

This is the best approach to gambling and trading as well. We can not exhaust the benefits that comes with it, from the stable mentality and the rational decisions you make to the risk you manage.

When gambling with this 1% formula, it becomes a case of probability for you and truly leaves you dependent on luck to play out and you might not have to feel depressed as a result of a loss and the issue of addiction is limit drastically.

agree with you. the point is how a gambler can set limits for their game and consistently adhere to these limits. because the essence of gambling is for fun and if a gambler can limit themselves in this regard it is a very good thing because they will be able to become a responsible gambler and be able to enjoy all the games they play.

Calling any gambling "risk-free" is dishonest, right? Even at 1%, risk accumulates. If you play 100 games, doesnt each loss hurt your finances? Also consider psychology. Doesn't this method provide a false sense of security, encouraging gambling? Like the 1% trading technique, your approach ignores a key point: trading includes appreciable assets, while gambling doesnt. Can we risk mainstream gambling as a financial strategy instead of seeing it as enjoyment with risks?

Finally, how do we confront addiction? Is this "risk management" strategy not indirectly encouraging greater gambling? One might argue its a slippery slope from controlled gambling to problematic behavior. Thoughts?

It depends on how much you can able to risk at the end of the day it's your decision and willingness until how much you can afford to risk. Sure there's some people who cant control themselves even if they want to bet 1% with their getting with their emotions possibly more than that they can risk, they will just realize the amount they have already. People who have consciousness with their self-control have the capability to stick with this plan of 1%.

If you have less expenses I guess higher than this you can more than to risk but doing gambling before your basic needs seems can give a huge trouble with your current status.

I once read how good that 1% but I prefer to play with money that I can afford to lose and most of the time it's not 1% but I made sure that I never go over 10%
the most important is you enjoy the game and you are comfortable with the money that you've lost it need not be 1% as long as I'm ok I can log out without thinking that I think I lost more than what I can afford to lose I'm ok with it when I was single I can afford to spend 20% but now family comes first you have to think your household budget first before your gambling allocation.

But I know some people who go overboard and spend up to 30% of their monthly income, the reason is they have a good winning average with their betting, some gamblers are exempted from this 1 to 10% rule and these gamblers are known as risk takers.