Topic: Risking 1% in Gambling - page 4. (Read 4380 times)

Relaxed and employed a solid game strategy because it's going to be acquainted with massive profits. There's no means available to start risky everything in the system, for what exactly? I've been calmed this whole while and taking upon myself to become very useful when it comes to gambling, staking 1% doesn't seem to be something we all should be bother about? That's the only safer ground we can embodied the system and techniques to get involved. Gambling is not for the weak, steadily grinding for relevant odds in the system is not an easy tasks accomplished and the continuous process.

That's right, we should do everything appropriately, because anything done excessively will only result in something that is not good or even bad. especially with gambling where the fact is that losses that can make us lose our money are real and will happen more often, so if we gamble often it's the same as we often lose a lot of money, even though we are ready to lose the money we bet on, that doesn't mean we can gamble. by gambling frequently, of course, gambling appropriately, limiting gambling activities, whether it's the time for gambling or the budget, everything must be done within certain limits so that nothing bad or detrimental happens, it can even harm many parties, not just yourself. Also of course we do have responsibilities towards our own families as you said. pay attention to every expense, at least even though we are not married, our parents will be proud if we can help financially with the economy, such as paying water bills, electricity bills, and schooling for younger siblings if we do have younger siblings. This needs to be paid attention to, therefore we must be able to think about our expenses well, risking just 1% of the income we earn is not bad, as long as we don't lose self-control because if we lose self-control there will of course be disasters that can be detrimental. .

Yes, I agree with you, if we gamble excessively then it is likely that all of our needs will not be met, in fact, what will most likely happen is that there will always be shortages, and of course that will be a problem where when the economy is not met then the destruction of family relationships will occur. or not being able to pay the water and electricity bills, of course we will experience water and electricity blackouts if we cannot pay them. Life can go well without problems if we don't look for problems ourselves, it's like preventing rather than treating. that is what must be emphasized.

It is true that I agree with what you say, in the case where you have a family, if you are a responsible person you have to have responsibility towards them, you know that you cannot go overboard in things because Basically if they do it then everything does not work or It turns out well, 'because I don't think that things like being in a casino and having fun are given more priority than family obligations, also in the balance of expenses between them, they always appear spent, not just food. , also expenses regarding the services that have to be solved, plus the expenses that are from schools, if a person does not cover these Expenses because they are thinking or giving more priority to the games, they are failing first themselves and then failing their family I don't know what it is but, for that reason, 1% is not bad, and because the economic situation of many is different for each person.

For a person who has the Situation, as you say, of working for a year, to give vacations and certain things that are necessary, well they also have to see all these things , if a Person Overdoes it in a casino, then he cannot cover those expenses, So everything depends on the person's income, there is no other way, you have to consider all this before talking about a percentage, 1% for me is not bad, it's just that 1% can be easy in a session of game and that is what the person must adjust to, the idea is to carry out their daily life with everything, without Problems.

Note that one aspect that is not mentioned is the frequency.

How many times should you bet that 1%.

1% of your annual salary is fine, every year?, every couple of years?, every month?

It really depends on what we are talking about.

Is it maybe a one-off?, in that case it shouldn't really matter I think, but it's usually never a one-off.

You cannot bet 1% of your salary, the point here is not whether the amount is large or not, but that in addition to the rates, there are many mandatory payments that you need to pay, you need to live somewhere and eat. And to avoid problems with finances, you need to allocate only a small part of your salary for gambling, and only allocate 1% of the bet from this gaming budget. Only competent financial management will help you avoid problems in case of frequent losses, if in pursuit of adrenaline, you bet on 10% of your salary, this will lead to big problems.

As usually it depends from the situation. Risking 1% in each bet might sometimes is a right move, but what will you do when have a feeling that your next bet is going to win? Will OP also make a 1% bet? Suppose you had a series of losses? Personally, I would bet more than 1% in that case. Risking 1% all the time might be similar to standing on one place, and not going forward. For example it will always take roughly two wins to cover 1 loss.

This is a useful strategy to help manage risk and avoid losing large amounts of money. By betting only 1%, you can ensure that you are not putting all of your eggs in one basket, you are not putting too much in any one bet, and you can play more games over time, making it more enjoyable and sustainable.

Any Update about the result of your recent changing of strategy? its been passed a quarter(3 months) of this implementation , have you saved a lot of time and money? of have you make more money from this self control?
who says it is not fun using 2 dollars monthly? you called for everyone but are you in me? i can be happy using 2 dollars if that is the only amount I can risk.
also if you have a good attitude and can control your self then that is enough amount to enjoy gambling.

If you do have that seen that you are really just that earning less on monthly basis and made out some calculations about having that 1% wont be able to satisfy you then its better to stop since there's no point on doing so, plus it would really be giving out that kind of potential that you might that getting addicted because you would really be having that kind of problem on which you might be that depositing even more which is more than with that 1% and thats surely a bad thing on your part or you are really just that putting up yourself at such risks. Gambling should really be that for fun and its not something mandated or something that
would really be compulsory because if you are finding for leisure things then you could actually be able to do other activities which it isnt that only limited to gambling.

Risking 1% is really just that fine but just like on what people been saying on here is that this amount is really just that too small for us to consider on playing or making
some enjoyment not unless if you do earn big on monthly then it would be something that significant but if not then it would really be
that darn no sense.

At the end it is up to each person to decide how much money they want to bet, however a person that is earning a small amount of money each month to the point betting 1% of that does not bring them any thrill, probably has no business gambling anyway.

This is because it is likely that in their desire to get some fun they may spend an amount way higher than that, and when their monthly pay is so low already, I doubt they have the capabilities to shoulder losses that high.

Yeah, I think something like would work quite alright.

You're right in saying that 2% might be too low, but it really depends on what things people gamble with.

There might be a few games where you only need cents to play. It all depends really, but yeah, the winning would be too low anyway to make it interesting.

Yes although basically allocating 1% is the recommended allocation of money in the approach to gambling to avoid bad possibilities, but for some people it may be too small an amount that they can't really feel the pleasure, but I think it doesn't matter if that's the amount you can afford to lose, And also everyone has their own limit of fun, what I mean is that there are some people who feel quite happy even if they gamble with only a very small budget, most likely they are gamblers who are not too interested in gambling activities which means they will never think about the size of the fun they should get and feel.

For myself I usually only gamble with a percentage of at most 5% of my monthly income and sometimes less than that, actually it doesn't matter if you can afford to lose more than that, but however such an approach is not recommended because it is too dangerous, in the sense that it is very likely that you will eventually grow the amount allocated to gambling to a larger amount due to increased interest which can ultimately affect your financial balance, meaning that risking small amounts such as 1% is always recommended, and I don't think we can conclude that a 1% amount will not be able to provide pleasure because there may be some people who also seek pleasure from other things outside of gambling.

Even if they don't have a family that doesn't mean they don't have needs, of course those needs are always there and needed by everyone whether they have a family or not, it's all the same. However, what you say is true, perhaps the needs are increasingly different and will not be the same as the needs that must be met by those who have a family. Fulfilling basic needs is a must because it is a way to survive, such as having money to buy feed. as you said, they have to think about their future, yes indeed they have to think about it, in my opinion, by having a job and a clear income you can also manage your finances well in the sense of being able to divide the income you earn well between your needs, saving and fulfilling your needs. Own desires such as gambling or holidays are good. but what is bad is when we have income but the income is not managed well, but instead we spend it in vain, such as spending it just on gambling, of course that is not the right action, because it should not be like that because there is a primary need that must be done. Pay attention, instead of gambling, it would be better to gamble with the remaining money from your income, which is money that is not money that is set for needs or in other words, needs must be met first before gambling and for the size it is up to us to manage it ourselves.

as I said before it depends on the individual, if they are smart in managing their finances maybe they will feel fine by risking only 1%, and with those who are not satisfied or still feel less than risking 1% maybe they have wrong thinking about gambling, and what they are aiming for is a win where they risk 1%. It is clear that they want to win, but of course the win will not happen as expected, because it is impossible for every gamble they make to result in a win. and I think that those who don't have a lot of expenses doesn't mean they can gamble using large amounts of money like you said, 20% for a game. In fact, in my opinion, if they don't have a lot of expenses, they should be able to share that percentage. bigger for saving, not for gambling. Although it depends on the individual, there's no harm in suggesting it.

Gambling with 1% of income for everyone is not fun.  Because 1% of those whose income is $200 a month is only $2, so gambling with $2 a month will never be fun. no fun if you don't have at least $10 to gamble with. so one should decide what % of his money should be used for gambling depending on his income and his ability to accept loss.  However, maximum 5-10% of money should not be used in any way. Because using 5-10% of a person's income for entertainment would be quite a large budget

You're right. Many people only could earn less than $500 monthly. If we only spend 1% from the monthly income, it means we only have $5 every month. Sure, it is not enough for gambling, no one will think it is satisfied amount. But I don't think you need to spend $200 monthly if your income is only about $500 every month. I bet $300 won't be enough for your monthly expanses. So, it should be around $50-$100 for your budget in gambling per month. This amount still makes sense for gambling although it may be a little too much.

Well, don't generalize the amount of gambling budget. We must adjust with our economic level. We don't want gambling burdens our daily life, it is not the goal of playing gambling. I'm sure whatever the amount of money won't satisfy you to enjoy the gambling. That's why we need to have a self-control to limit our desire in gambling.

Please gamble with safe budget!
It won't be fun anymore if gambling brings difficulty for our life.



https://www.youtube.com/watch?app=desktop&v=5yYvms_oW_g

Stressing on the article you'd figure that the writer also made specifications on the amount of money a player who earns larger income may wager per month. However, 1% is quite very safe for any gambler and wouldn't cause him any trouble. Although not every gambler would be able to get hold of the strategy. But, personally, it's the best strategy for any gambler, who wishes to gamble with no cases of going bankrupt. Gambling requires hard work, critical thinking, and money management. The last mentioned, is the most important. Regardless of the mistake, if the money wasn't affected, then the gambler isn't in a deep trouble. Sticking to this strategy will help reduce chasing of loss. A high number of gamblers chase losses, and it's eating up their income; annual or monthly. So, everyone can track or trace how much a percent of their salary looks like, before gambling. Maintaining the bankroll is crucial, any win that erupts can be added to the bankroll thereby adding more betting time to the gambler. Increasing his fun time as well.

Could be. But if someone is throwing around terms like "portfolio" or "strategy" that would usually indicate their approach to gambling is a bit more than just fun.
But even from the "fun" perspective, the 1% rule makes little sense. Why not just decide on the amount you want to risk, stick to it, and just have fun with it?
The only good thing about that "strategy" is he will never exhaust his budget to zero, he would always have at least a few pennies left in his pocket - if that makes him feel better, I'll let him be.

Something very logical must always happen and that is that we as people have to take into consideration many things, first what family is for certain cases, but there are people who do not have families, so their objectives, goals and expenses change, in this order of ideas we We can say only one of the valuable things that it can have, in addition there are people who have to think very well about their future, about what they can do, about the businesses or companies they can set up, and that is money, then that is As far as we can see, before being players we have a life, a life where we have to comply with the most basic parameters, and that is food, buying what a person needs to be able to live, so when we don't have at least That aspiration is very identifiable that a person can control themselves and also look to the future, a person cannot be looking in the short term, they have to see things in the future.

Personally, I have always said something, when someone says, I can only win so much % in games of chance, well you have to respect it, here the issue is 1%, well it is not bad, because if it is or is what the but if you are willing to spend that is the only thing that should be spent and that must be respected, because we do not know how the financial capacity of the people is, so it is something in which we cannot generalize what it has to be like this, some of us do. who have more cocaine, then obviously they will see that they can give more than 1%, but that already has a lot to do with the situation of each person, a single and single person who does not have many expenses, because they could afford to put up to more than 20% in games, but that already depends on the situation of each person, everyone knows what their strengths and deficiencies are and knows how to manage their finances, for me 1% is fine, even if it is spent on more 1 minute, but that is something that was designed to play, maybe if things get better they start looking for 25, there are people who can't even play with 1%.

Well, when you are the type of person that's disciplined very well you won't increase your stake, rather you maintain it for save keeping. As you gamble you must be aware of what addiction can cause, when you are not aware of the disadvantage in addictions you might lose everything you have a also feel remorse of your actions. If gamble is for entertainment you shouldn't gamble with what you can never afford to risk. Some people gambles because they doubt that they will lose, meanwhile its not possible for one not to lose when he is gambling. You must be aware of what you are about to do before taking a step to do them, just like gambling, you should have a clear understanding about gambling and it risk before you do it.

1% of the gambling portfolio is a safe bet if you are talking about sports bet. I too have a similar approach and with each loss, I carry on with some sort of martingale to cover for my loss and with good analysis and h2h, I try to gain back within 5 consecutive bets. If I have 5 consecutive loss, I give up for some time. I don't have the patience to bet 1% on each match for 100 different games.
But 1% is too high on instant gambling games like dice, roulette and crash. They go away too soon. But again clicking 100 times to spend 1% each time is torture. I might be doing martingale and letting it on autobet.