Topic: Risking 1% in Gambling - page 5. (Read 4423 times)

Well, I think you are mistaken, or both of you maybe, amount a person or a gambler spends on gambling isnt the number one cause of gambling addiction, what causes gambling addiction is majorly the way a gambler takes and treats gambling, which is gambling with their heart instead of their head, the heart is known to be a very frigile and emotional part of the body system, it easily becomes clinged or attached to something, when a gambler gambles with then heart, they are likely to become addicted to gambling in no time, doesn't matter how much he or she spends on gambling, could even be $5 or $10, doesn't really matter.

And what I mean by gambling with ones heart is simply taking gambling too seriously, like treating gambling like one hell of an important thing that one must do every blessed day, like attaching your heart, showing too much love for gambling, a time will come when the person will.get hooked, doesn't matter if the gambler is betting $0.04 on each bet and spending a total of $1 or less in a day, a time will come when he or she can no longer find peace or rest without gambling, and when that time comes, he or she will start spending even much more - addiction have set in..

Exactly. A lot of people have a monthly income of $500 or less. I don't think you can fully enjoy gambling with a $5 deposit. Sometimes $100 to $200 isn't enough for me. So you don't need to listen to anyone about 1%, but just find some extra income to spend on gambling. In almost any country you can find some kind of part-time work. If a person has access to the Internet, there should not be any problems with earning money at all. If a person can not earn extra money for gambling, then it is better not to play gambling at all, but to engage in self-development.

Yes, that's right, by measuring in terms of the amount of income we get from weekly or monthly salaries for gambling allocations, we will be able to get a balance in terms of finance, or in the sense that your gambling expenses will be balanced with your income. Actually, no matter what the amount of your income is, in the end, it is more advisable to put the smallest amount, which means the amount that will not be a problem if it is eventually lost due to defeat.

I think $10 is too much for me, but yes everyone has their own financial situation and maybe those who bet with $10 or more are those who have an income above $1000 per month maybe, but for myself I mostly put an average amount of $5 and never more than $10 or reach that amount, And also on the other hand I am not an active gambler in betting which means I will only gamble when I have time and when I am in a boring situation, for me gambling is nothing more than an ordinary game that requires a budget as a condition for getting involved, with this then I never put any hope on winning.

If you have a mindset that you gamble because you need to be happy then  1% is quiet good enough to gamble and sustain your daily,weakly or monthly wants  cause in the first place we don't need to pay more for our happiness which is not pretty good if we have a self control. In gambling 1% is the minimal amount that can make a lot of money once we are too lucky because even though we bet a small amount then still we have a chance to win big amount of money. Cause in  gambling luck is the best thing we have to win a good prices.

Starting from a small effort of 1% will usually increase by 2%.3%, even though it is entertainment, gambling will still attract the attention of emotional desires if cannot control it. If you can control your mind so you don't get greedy, maybe can say how entertainment and a 1% budget should develop. so as not to take out savings assets again.It's not easy to grow with capital from 1%

Yes, it's true that to set a budget limit, we have to first look at our income and if the income is less than $200, it seems like 1% is impossible and in my opinion, if the income is small, it would be better without having to calculate what percentage we should take as our gambling budget limit. for example $10.
I think with $10 we can still bet and that's a reasonable amount for any gambler and it won't be a problem to lose $10 and we also have to have good self-control to be able to use $10 within a few days or even a few weeks like betting on bets sports with multi bets.
As long as we are able to control ourselves not to violate these limits, we will definitely avoid addiction in the future.

In fact, this all depends on the control of each gambler and if a gambler has good self-control it will definitely be easy to manage finances or manage the finances that will be used for gambling, even if it is only with a small budget that is owned, but every responsible gambler will definitely easily use the funds you have, bet wisely so you don't run out of funds you have and last a few days.
Addiction is just a result of poor self-control, so I say this because self-control is very important.

Gambling portfolio" can be translated as "bankroll" here. Betting 1% of your bankroll doesn't sound like you are having fun only; it's a serious strategy that successful gamblers use. This is provided that you have a decent amount of bankroll; otherwise, this percentage is useless if you don't feel the thrill in gambling.

someone who has good thoughts, of course they work, the goal is to support their family, that is the main goal of those who have good thoughts, because they know that family is the most valuable asset, because in my opinion, family is the most valuable asset, therefore we should can maintain the good name of the family and keep the family alive and safe. Therefore, of course, those of us who are adults must be able to work to earn income and support our families because indirectly that is also our obligation as adults. what you say is true, if we already have a family but like to gamble or gamble then we must be able to manage our finances well, prioritizing family and basic needs is the thing that must be paid the most attention to, don't prioritize gambling even though you don't have a family because that can make everything falls apart including family relationships.

In my opinion, related to the 1% that is at stake, it depends on the income or income they earn. If their income or income is indeed large, then I think 1% is enough, and for those with limited or minimal income, it might feel less, but even so So there's no harm in maintaining it because you have to be able to balance the income you earn with everything in life, including your own desires. with many of them who become addicted to gambling, in my opinion it is because they have the wrong principles or thoughts about gambling, where they take gambling not seriously, because what is clear is that gambling will most likely only result in the loss of the money they bet on, so it is only natural This happens, but after the money they bet is gone, the rest of the decision is up to them, if they can't accept the obvious loss that will happen, maybe they will become addicted. But that's not what you have to do, because what you have to do is be able to accept defeat well, the aim of which is to prevent gambling addiction which can harm yourself and even others.

I think this guy is just playing for fun. When you gamble for fun, you don't bother on how much your profit is... Moreover, odd like 1.05 shouldn't be part of his games. I think he will gamble most on accumulated bet with good odds.

What does "gambling portfolio" even mean? Why not just use the word "budget". Stealing terms from investing lingo doesn't quite work here.
First of all, betting a small amount is by no means risk-free. That's a pure delusion. The risk is still there, only the amount is smaller, and you could still make 100 bets at the same time and lose it all.
Sorry, but the idea that 1% of your funds is somehow an optimal size bet, disregarding any other factors involved is pure laziness and it's simply nonsense.
Will you put the same amount on x1.05 as on x10.0? If you only had $10 left in your budget - would you be splitting it into $0.10, just for the sake of not losing "it all"?
Choosing an optimal bet size is much more nuanced than that, see the Kelly Criterion system for example.

The reality is here, I've never creates doubts with my prediction, and not all days are paydays. We have the days to smile and withdraw our profits, and also the days to frown and record huge loss. We would never sits in position to know the crucial spots of what's going to happen next in the gambling space. This is basically one of the reason to never puts trust in any prominent team. Whenever we hits massive winnings in the system, it becomes clearer for most of us and I've never been so confident than seeing myself growing to be confident and swift to identify strategies to used.

YES, the fact that we are not the head of a family, the responsibility is very great and has to be assumed as the most important thing in life, there is no heart not to give them what they need for their consumption, it is something that is necessary for us and It is something that we work for, if we are able to think we or the majority who are good thinkers work to have well-being and to have what is necessary to give to our families, then if so we must have the budget too tight for the things, and as a consequence if we like gambling, if we like betting a lot , we Must do everything within our control to do it and continue maintaining it like this without any type of problem, but we have to remember that we must be more careful every time day with this, I could say that thanks to this I did not fall into any type of Addiction  , because to think that they are going to go through something stupid, I think I would never forgive myself for that.

The fact of 1% may be very little for some, but when you look at it from Another point of view, they can only allocate a few periods to have fun and that must be respected, that's why I don't say much about these things, they are always They will do this, as people who always see things from another point of view, we know that sometimes money is not enough even for the 1%, so I do understand the issue perfectly because sometimes everything Seems so hard that it is It is difficult to be able to enjoy this thing that Sometimes we cannot do so that we are or Feel good.

The biggest problem in society today is that the person fears the risk of Falling into addiction, and many have fallen and even though they have many things to do, they do not give it the necessary importance and give themselves over to addiction, which I see very wrong and that they should improve, then the forum here with all these discussions, without a doubt some advice on this can help.

If you look at it we should be able to adjust our own income and economic situation, do not let gambling interfere with other more important needs At least we have to know what gambling is, don't let us gamble but do it with fear of losing the money we bet, with feelings of fear it's true that you said maybe the pressure that will occur is stronger so that it presses us and stress occurs because it cannot accept the reality of the defeat that occurs But in my opinion to win more, it cannot be ensured that we are not afraid of losing the money, because in my opinion it is more about luck. Therefore we must realize that gambling that is done will most likely only end in defeat So we should be able to accept the defeat and not question it With the many cases of losses that occur due to gambling, in my opinion, it is because they push themselves too much where they gamble but exceed,  their limits do not adjust the income earned to be managed properly but the income earned is a large percentage bet on gambling.

Of course I don't recommend it, of course if we really like gambling, we must be able to see our economic situation including our own income. Do not overdo gambling where you use most or all of your income for gambling, of course it is not recommended. Of course we as humans have other things that are basic needs, so we should prioritize that especially as you said, if we are the head of the family, of course we have more responsibilities, not only our own responsibilities, of course there is a family to think about. After all, excessive gambling will only bring problems, and can also include a bad impact on family relationships and it is not recommended, because of course family relationships must be maintained properly, therefore we must gamble with a budget that is adjusted to the income or income we get.

But then you end up with posts here in the lines of "I could have won more" when they actually win a bet with their 1%.

It's usually the same, people wanted to bet more when they win, and bet less when they lose.

The reality is that you never know what's going to happen.

1% is the safest number to use in gambling for those with low and high incomes. Losing 1% in a week, maybe will not make a gambler regret about it. However, if gambler lose 40% in a week, this is no longer a have fun and i think low budget gambler will regret about his loss. That's why, the suggestion of 1-5% is the safest. but emotional control and management have an important role for gambler to keep their consistency in applying the 1%. Of course, this number can be very small and it could be said it is less possible to expect big wins from 1% if the gambler's income is less than $500 per month.

At the end of the day it's all about probabilities.

The expected value of most gambling bets is negative.

This means that the most probable outcome will be for you to lose money.

Based on the title, I can assume that OP doesn't care about losing 1%, and might be happy earning something.

The thing is that there will probably be other investments with a better return than negative.

Unless of course OP wants to have fun with this, and can happily lose the 1%

Gambling with %1 to each of your stake is just like the usual singling of bet, where you play by staking each of the game separately which mean if any of them play there is a chance of winning step by step. I have been playing such game for some time now because of frequent lost in multiple. But gambling is most impossible to win. Even if you stake 10 single games 2 or 3 might turns out to play, while the rest 8 will fail and you'll be speachless. Gambling is one of theost difficult task of brain calculation.

Your friend is engaging in an act of self-deception, as he seems to be taking the right steps to restrain himself while gambling, but when the time comes he refuses to follow the budget he set for himself and gambles way more than that.

However by doing all of that he can at least claim he is making an attempt to correct his behavior, but instead this is just a smokescreen to keep gambling as much as he wants, while avoiding the criticism that others may bring his way by being an irresponsible gambler.

I know a gambler friend of mine who often makes various calculations in gambling especially in determining his money but in reality he spends much more than his budgeted amount. Such an approach would not allow a gambler to play a role in risk reduction if he cannot self-regulate. If a gambler wins by placing 1 percent bet, the amount of profit must be very similar. I don't think gambling is effective for a gambler who wants to avoid risk. The more risk a gambler can take, the more he can enjoy gambling.

Sometimes a player decides to allocate 1% to the game, because that is what he has to accept to put in, no more than that, according to the economic situation he has, because if he sees that that is what he can do, then that is will do, the fact that he does not have more money to put into the casino is already that player's problem, therefore when we decide to make any move in the casinos we cannot leave everything there, and the fact of resisting not playing because when That's just what you should do, in this aspect the players will always have a very different way of doing things, first you have to know that when you go into a casino the most likely thing is that the money that is there will go to you to lose, a person cannot be playing with fear, because if they play with fear, pressure and stress, what they will achieve is lose, when the game is played normally without the person looking at that money, I think they can even win much more.

But in terms of economics, if the person determines that only 1% is what they are willing to lose, then they must comply, if the person feels that they should play more, then they must take stock of what they have, I do not recommend, the fact of Playing is for leisure, it is for something else, it falls among the things of enjoyment and pleasure, I consider that there is something more important than that, like fulfilling the main things, and if you are the head of the family, even more so, things must be done well if not You will encounter financial problems that are difficult to solve, so if I see that someone says that they only have $1 just to play, I respect it, although I imagine that that 1% will go away in a single game session because that is how you start.