Topic: Risking 1% in Gambling - page 8. (Read 4380 times)

Control is crucial but almost every gambler do really fail into this one.  

Speaking about percentage then 1% is really just that small not unless if you do have that huge earning per month then this would really be that considerable but still not that much.
The main point on here is that you should really know and be aware on the spending that you are making with gambling and not really goes into the point that you are risking those funds
which arent supposed to be used on gambling.

Moderation and control would really be crucial into these moments or times on which this is something that you should really be mindful.
Dont make yourself that too hopeful on winning because it would really be just making you desperate.

I've started to think about something, When we are in a casino, what do we look for ? Fun or money? I think both things, right? Yes, but above all make money, because who doesn't like money? For many, there are many Strategies that people want to do and apply when entering a casino to be able to do well in the casinos and not lose all their money , because some say that if I Earn this in my salary, why not? 1% to spend? It's not bad, what happens is that 1% for 30 days, well it is something that is very little, I consider it to be very little money, or if the money is obtained in another way it is what I see as most viable, for example if I Earn whatever it is, the first thing I would do is see how much money I can spend with my salary to cover the most basic expenses, it includes meals, medicines, if there are children, then you have to leave some additional money out there so that I can cover possible expenses.

In this case, if the person is responsible because he does everything to do better, then what I think about all this is that the situations are very particular for a player or several players, because my economic situation cannot be Bought with the from another person, perhaps there will be some similarities, but for this what must always be considered is the way to be able to show what can be spent, in my case I always look for my way of spending that I don't know how much, because if cat a lot of money, obviously these things are going to generate more deficits in my financial situation, and I am an enemy of making unnecessary expenses, of lending money, because lending money is a business for the lender and a great liability for the beneficiary , there will Always be ways to Generate expenses and so what I think is that whether Spending on Bitcoin or crypto Means money to me , and that is what we must maintain well in a casino because without money we cannot play in a casino but we cannot do anything without money , then the percentage for the game has to be studied very well.

When gambling, everyone must learn to control themselves so they don't gamble excessively and can avoid big problems. And using 1%-5% of their income will not be a problem as long as they can control themselves when gambling. They must continue to follow their rules so that they can enjoy their gambling games and can also keep them conscious when playing gambling. But for gamblers with a mediocre income, it is not recommended to gamble too often because it will confuse them about managing their finances. That is why they need to make rules for gambling so that they can still fulfil their daily needs and also gamble comfortably. They will also get used to not using a lot of money so as not to cause problems.

As long as they can remain conscious when gambling, they will be fine at gambling so they can bet using the money they can afford. They will not try to gamble more than they can afford because they know it will only make them lose a lot of money if they try to deposit more money. Those who are aware of the risks of gambling do not want to spend a lot of money, especially if it is just to chase the win because they have seen what impact they will receive if they do that. It would not be feasible for them because their income is not very large so they really limit their gambling activities carefully.

Its not an absolute rule but rather into those amounts only that you can really just that afford to lose and not something that you wont really be able to compromise your life savings or expenses
on which this is really just that only key that you would really be making  yourself being safe with gambling. Gambling is for leisure and entertainment and if you are really that making yourself
having those kind of issues then it would really be best that you should really be stopping it immediately and wont really be tending to engage even more on the time that you would really be
having those kind of problems on which you do know that it could become bigger as time would be passing. It wouldnt really be ideal on trying out to pursue on things which you do saw that it could bring out such big impact into you.

This 1% guideline does not need to be taken as an absolute rule, this is simply giving a specific value to the common advice that we see on the forum about setting a budget for your gambling activities and stopping once that limit is reached.

After all each person faces different circumstances, so a person could bet way more than that but if they are willing to diminish their expenses in other areas, like video games or streaming apps, they can easily make the difference without affecting their finances.

I think this depends on each person's income. If a gambler earns 100k dollars per month they set aside 1%, which is $1000 and that is a lot of money for other gamblers and I think that is enough for them to have fun, but if they earn $500 per month they only use it. $5 and yes, that not enough for someone to have fun if they spend a lot of time gambling, especially if they think about making a profit, of course this won't provide big profits because that small amount of money can quickly run out.

I think this is not about us not having enough fun using that 1% money, but about us being disciplined and limiting our gambling so that we don't experiences too much loss because 1% is not too risky for gamblers rather than having to spend more but not being willing to lose that money. Using more than 1% of your money is okay and that's fine, but that's how you have commitment and limits so you don't overdo it when gambling.

Yes there may be some gamblers who think that 1% is too small an amount to get a lot of fun or to sustain the fun over a longer period of time, and of course I also wouldn't mind if they wanted to increase the amount of budget they carry a little to 5% as you mentioned for example and just don't go over 10% because of course when you put the amount of bets with a budget above 10% then obviously at least it will definitely create problems in terms of your finances even if the problems are not too big. but the fear is that over time it is possible to eventually experience an increase in interest in gambling that can change all the approaches that you have planned before, But the fear is that over time it is very possible that you will eventually experience an increased interest in gambling that can change all the approaches you have planned before.

One of the reasons why I emphasize to anyone to put 1% in each gambling session is because it is very likely that they will eventually experience a change of interest as I said above which of course can make them think of increasing their budget, and with you in the habit of putting 1% then obviously I think the amount of increase will not immediately exceed above 10% because it is likely that this scenario will be gradual, and imagine if you start your gambling by putting a budget amount of 5% - 10% then wouldn't the amount reach 20% when you experience a change of interest over time? Of course that's a possibility, and it's nothing but advice that I say this so that you don't lose too much. On the other hand, you have also mentioned about the habits that are always done by gamblers who have entered the addiction phase and that is true.

It's not about the fixed percentage we can risk in gambling, but on the amount we can afford to lose. If we are making $500 per month and we can afford to gamble half of it, there's nothing wrong with that, we can't question a person who risk that high percentage since we are not the one living his life. Gambling is for everyone who can afford it, so we should only stick to ourselves and forget about other people and just let them enjoy or learn if they make mistakes.

Me personally, I don't have a fixed amount to gamble on a regular basis since my income is not fixed as well, sometimes I earn small income, hence my gambling budget would be small, and it's opposite when I make much.

Enough is expected from the part of the gambler and the more such gambler erred in them, the worse it becomes. Gambling needs our balanced psychology, we need to think straight towards it and not believe that we are so certain of anything, that is a lie, and even if it works for us today, it will not work for us in most cases. Also, the risk we take matters, aside from the fact that gambling is not certain, we are only always taking risks no matter how much we believe in that specific outcome, we might still lose it. This is why we should not be risking unnecessarily, yet, we should risk reasonably and not fearfully at the same time.

For me, the 1% risk is too much and increasing it is never greedy. It also depends on how big the money we are looking at is. You can't tell me to be risking 1% of $10 on gambling, it is too small. To some people too, risking as low as 1% on $100 is too small for them. Increasing the percentage might not be a dangerous risk but could be the standard individuals set for themselves. For me, I think that 5%-20% is still very good for gambling, but like I said, it still depends on the money we are talking about. If the money is large enough, I may even use lower than 0.5% in that case.

gamblers who have a mediocre income would be better advised to continue learning to control themselves consistently with all the rules that have been planned by themselves, as you said, using 1%-5% will not cause big problems as long as they are committed to their own rules.
and several things that must be paid attention to are not only about self control but also always learning to get used to the mind not to expect to win large amounts from gambling so that when gambling using a small budget, a small gambler can enjoy every bet he makes.
because if gambler doesn't get used to thinking positively, self control will definitely be difficult because all starts from the mind.

and actually there are many more ways to be consistent and make good use of the planned budget, such as betting in the right places and betting small amounts is one way to manage that 1% budget well.
such as choosing to bet on sports betting with small bets and being able to bet every day with small amounts compared to having to bet on casino games which are usually difficult to quit betting when very comfortable with the game.

Of course that's true, someone who is addicted will definitely have financial problems, because if they are addicted it means they can't leave gambling which has become an activity they usually do even though it drains their pocket but they won't care about it. because in my opinion, someone who is addicted to gambling will of course only think about winning and if they run out of money then they can look for any way to make money which can be used to gamble again. selling the goods he owns or taking out loans, and perhaps even worse, robbing. that could happen.

with them like that, of course they will be more courageous to do things that carry big risks. Therefore, of course, it is certain that someone who is addicted to gambling will experience problems with their finances and this could have an impact on their economy. It is clear that there are many threads related to gambling addiction, therefore in my opinion there are many people who are addicted to gambling and have problems with their finances or their lives. Preventing addiction can be done but requires strong self-control so as not to be tempted by excessive gambling, because many people are addicted and have many problems because of that addiction and because of excessive gambling.

If they can take the risk of no more than 1%, they can avoid gambling addiction because by using that amount of funds and by having self-control, they can gamble moderately and will not exceed their limits. They will always remember that greed can cause them to lose a lot of money and be unable to control themselves anymore. That is why they must continue to try to control themselves in gambling so that they do not become addicted to gambling and can also save their money from unnecessary losses. They will not want to continue gambling because they know that it is not good for them, especially if they only have limited capital to gamble. They will always try to prevent the seeds of greed from growing because that will only make them slowly become addicted to gambling. By always ensuring they stay within their limits, they can enjoy gambling as entertainment and never want to cross their limits.

But I think the amount of 5% or more is still reasonable amount because as long as it doesn't exceed quarter of you monthly income and it is still acceptable to lose it, even if the money is actually prepared for fun then it is still decent amount.
But on the other hand, the money must be money that is not used for other purposes or to meet life needs, they must use money that can make them feel happy but is not difficult to lose.
Percentage amount is not problem because everyone income is different, but I agree that gamblers who are in the addiction phase will be able to deposit and spend more money.
They will increase the amount of bets to be bigger without considering it and they gamble really with the aim of pursuing the ambition to be able to make more money, clearly this is very fatal mistake and should be avoided by every gambler.
If they really want to stay safe and avoid various risks that affect their lives, they must be able to manage or limit any budget they spend on gambling, otherwise it is clear that complicated problems will definitely arise in the future.

Right, we are of the same mind on this, I think it is no longer a matter of suspicion but certainly this really happens and is done by most gamblers especially those who have entered the addiction phase, they will find it difficult to ignore all the people they see in running sessions, so this is what makes them end up depositing much larger amounts. On the other hand, I will absolutely confirm that only a few gamblers are able to ignore the "greed" aspect of gambling because the opportunity to get a bigger  amount of winnings is always in their mind. And for those gamblers who can actually afford to risk no more than 1% in their gambling then I can confirm  that they really understand the various bad possibilities that exist in gambling so that they prefer to prioritize risk management or various precautions for safety.

What happens is that when a person is already addicted, there are many things that they do not measure, some do not care, which seems to be difficult for some, because for them it is not something that is hard, but as far as I am concerned it is always I will see the attitude of an addicted person who is always looking for a way to play, it doesn't matter if he runs out of money , for him many other things arise, like selling things so that they have enough money to play , that is something we are seeing Well, now we have a way that many people see things, for me an addict will always have economic problems, I have not seen any rich person who is an addict and who has problems with his things to live normally, the basics and , they don't Suffer from basic needs, they suffer from other things, so basically for me an Addicted person will always have financial problems.

The questions that arise in life are very different, we are people who are always going to see things from another point of view , first of all you can see that things are different when it comes to knowing how to play the game, if a person controlled the focus in the money that can be lost and that's why I don't play anymore, because I think there aren't that many people who are addicted, for me that's all that matters, what I can really do is try to recommend this, that's why I always To spread the word, I don't know if this may sound repetitive, but if you can prevent someone from being addicted because things can be very different, it is something that can be advocated in every way, of course it is my way of saying. think, because I know that with a few words one can make someone avoid some acts, and I have realized that here in the forum there must be many cases of addiction , and it is and Would be good if one could help to Prevent that from happening again. In fact , the fact of preventing someone from being addicted thanks to Advice from you as a person is something that is fulfilling.

Maybe I have implemented this because I have never or could be said to have very rarely made big bets because I prefer gambling that lasts longer rather than chasing big wins which in my opinion are much more difficult to get if I'm only using limited capital like I am a small gambler.
However, betting a small amount will make it difficult for us to get a big win, but once again gamblers should also take into account the possibility of getting it, for example, if you only have capital of $100 in a slot game, you will have difficulty achieving a high multiplier if the basic bet is $10 because that means you only have 10x the chance, even though I don't rule out the possibility of achieving it but in my opinion there is a greater chance of losing everything quickly before reaching the high multiplier that slot players always hope for unless the capital deposited into the casino is above $1000 which will indeed give us many chance to achieve it.

Simply put if you don't have the money or budget to allocate to gambling then obviously you can postpone the time to gamble, don't even think about borrowing money just to gamble because after all gambling should not be forced, meaning that if you don't have the money then obviously it is not recommended to take out a loan even with a small amount.

On the other hand I would say it's normal to take out a loan if it's for something else, or I mean taking out a loan for something that you really need in your life such as the necessities of life or to solve some financial problems when you are in an urgent situation that really needs money, because that's what borrowed money is for, but it's a very careless act when you use borrowed money for the purpose of gambling, this should not be allowed because I'm not sure you can withstand all the pressure due to the two risks that you can experience, first the pressure of having debt and second the pressure of losing when the money you borrowed turns out to be lost in gambling. So this action should really be avoided because it will lead to a much worse situation.

1% is sensible because you will notice if on a losing streak and have time to stop.   I totally agree with the slow and steady approach over rushing to bet all in an instance.  The ultimate alternative to this is to bet everything you own on Red, on the spin of a roulette wheel just bet everything which is an idea I saw played out in a TV show once.   I dont recommend that of course, you have less then 50/50 odds and have to handle the prospect of losing everything in a second; the reasoning for that option is that you put all consideration into just one bet and dont overthink things like people might do over the course of a day with multiple bets.
   The guy who bet all on a roulette wheel spin had like 6 episodes of a tv series and got paid for that before betting, imo he couldn't lose at that point just from the advertising and sponsorship.  He would be famous and could get fees for appearance and interviews, stories in future so fake it till you make is basically that story.   The more boring route rest of us take should probably be slow and steady 1% is smart as you can alter course and improve your bet strategy etc.

Tv series made by Simon Cowell some years later:
https://en.wikipedia.org/wiki/Red_or_Black%3F

5.3m views on this bet:
https://www.youtube.com/watch?v=zGCdBsOIKYA
https://edition.cnn.com/2004/SHOWBIZ/TV/04/12/roulette.win/

i don't think a lot are risking only 1%, because more then likely, more gamblers are spending 5% or more. because once you are sitting in your game, the tendency of depositing more is high once you deplete your game.
but if the gambler can stick to 1% then that is commendable as he won't encounter any problem when it comes to his financials.

The risking 1% in the gambling site can be think as the easy one,but the gambling with the one percentage capital was low for the game.So the gambling should play with the small betting if the initial was made as the one percentage from the earning.The gambling was seems to the easiest game,but playing with the experience to make the good money with the small capital like 1% from the income of gamblers.

The gambler who loss more money as compared to their winning money need to understand the gambling site will give them more money in the future.The continuous game in the gambling site was essential to play all the games with more  accuracy in the gambling site.