Topic: "The Lower-Risk Gambling Guidelines" Is this a joke? - page 7. (Read 1130 times)

This is a NO for me. There are lots of "what if" after losing that 1%? The eagerness will still be there to continue.

Conclusion: I'm not setting up any amount to gamble. I also don't follow the "gamble only the money you afford to lose" mindset because there are no specific figures on this. Just be responsible enough to stop at any cost during our gambling session.


As if the majority can do this. It's a very obvious thing that gambling rarely can lower the risks of losing but still the possibility of always losing can happen even for 4 days. The result is still the same regardless of how many times a person will gamble.

Conclusion: Like I posted above, just be responsible enough to stop at any cost during our gambling session.


This is nonsense for me. Regardless of gambling on 1 or 2 games at once, the money at staked and risks is still the same.

Conclusion: Gamblers can gamble at anything at the same time as long as they know and understand those games.

During my addiction, I can play 5x a week in a landbase casino, this is prior of me joining crypto and playing online slot games. But I'm more sober now, maybe 2x-3x a month that is a lot to me. I just focus on sports betting now.

I think the advice is much on a broader audience and not for those who have a lot of budget to play daily or weekly. So it's just a baseline for others and who knows, it could be good for them as per the "suggestion" on the budget.

All matter with preference and just like what been said that not all gamblers are really that making up huge spending towards gambling.There are ones who do really make spending as minimal as possible but its true
that those amounts would be entirely used on just one roll or not really that something could entertain you at all.Low risk will really be depending on how much you can spend on your gambling activity or leisure times.
Know your limits and thats the key, it doesnt matter on how much you would be spending as long you are contented with that.

In the first place, you are playing to be entertained and enjoy your time in my case how can I enjoy it with $2 based on my computation on the percentage you provided, and 4 times a month, even if you are a risk-free gambler I don't think you will accept that allocation, it may be a lower risk gambling but if you are comfortable with your losses and you're gambling for fun you can allocate whatever amount that is comfortable to you and you are in a lower risk bracket.

The aim is to lower the risk and harms of gambling so the guides actually makes sense. The guides 1 and 2 are just telling you that the simple solution is to gamble less so you don't get exposed too much.

Guide 3 is quite intriguing. I don't really get it but maybe it's meant to take advantage of the RTP....?

people are probably better investing than gambling
if they aim to make money investing is the way to go
if they see gambling as a source of entertainment then 1% is probably too low

household income is a good metric but I'd think of total money invested too
maybe someone's income is low but they already have enough saved for the future. then they can gamble a bit more

1-10% should be safe based up on real experience but 1% is indeed small in overall and if you are someone who do really play for fun and not for making profits or money or not simply chasing it out then any amount

would suffice.It doesnt matter on how much percentage you would be using from your income and as been said that we do have different financial capacity which means that  spending will really vary on some factors.

If OP find this to be a joke then its up to him but its quite relevant for some people who are really that meticulous on spending up some funds on gambling.

I think of this guideline is playing safe in here. I guess it really stands of what it is being described as "lower risk" gambling. It's understandable to have that threshold per month and those small time gamblers can do and follow that easily.

But those that are gambling for a long time, this is really a small budget and this will go nowhere unless you put that in the lotto and you hit jackpot but that's not gonna happen.

Yup, as long as he still have that limit and won't be that much. Adding a few for that 1% is totally fine and you still understand that you don't have to go all in with that fund where you're getting that money.

If the person doesn't bother losing money and have gambling as his hobby he can use more than 1% of his income to gamble. Instead of going to the movies, concerts, travelling, going out, playing videogames, some people simply gamble. For a matter of comparison, we could calculate how much of their income other people spend doing these activities I mentioned earlier, so we could reach a more accurate result of how much gamblers should spend with their hobby. After all it depends on each ones' goals and purposes in life. I imagine the article is just concerned about helping people to not lose too much money, while still being possible to bet.

Those numbers that you posted seem suspect to me, as well. It also seems like a lazily put together sheet of data that someone pulled out of their own bottom instead of doing the research. The numbers change depending on factors such as where you live, how much you earn, how much your expenses are and how much you need to put aside for emergency savings and so on.

If you're making 10k a year and live in a first world country you have bigger problems than worrying about your gambling expenses. But even then you could afford to gamble more than 8 bucks ( that is if you don't have a family to worry about)

if you earn 6 figures a month, you may really spend huge for anything you enjoy doing. so the guideline will make you think of following it once you see yourself losing half of the 6 figures. it sounds like a joke but i guess this will serve as a reminder moderately gamble the money out from your wallet. its probably just for people to minimize the habit.

If I'm not mistaken, banks consider reliable borrowers who spend no more than 20% of their income on mortgages, because in fact, if you subtract mandatory expenses, then 20% of income is a lot. Are you suggesting spending 10% (half the mortgage payment) on gambling and considering it "innocent entertainment that has nothing to do with addiction"? I think that for ordinary people for whom gambling is entertainment along with many others and not a hardcore hobby, such spending is too much.

That guideline could be helpful for those that really can't think what to do and they're in the middle of a personal gambling crisis. While we have our own allocation. I think the main logic there is tightening the budget for your bankroll and that's the good that I can get from it.
Although it will still depend on me and I have no metrics that I'm basing from my salary per month or per year. So it's like having a spare money at that very moment and it will be the one that I'll use as my bankroll.

And the joke begins:

$58 per month LMAO! Okay, IIRC I advised people to bet a maximum of 10% of their income, but 1% is just too low. It won't even last one-hour playing penny slots in most cases. And look at this table:

Even if you earn 6 figures, you can only bet <$100, less than @roycilik's weekly budget

While I think once a week is reasonable, four days a month is too harsh. I mean, if there are five Saturdays in a month, you still get only four playing sessions. IMO the limit should be twice a week.

IMO it's useless advice. Even if a gambler plays many types of games, it won't matter as long as he knows the limit, guidelines 1 & 2.

What do you think?
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The way I see it, it is just as the name implies, 'guidelines'. They may not necessarily be the solution to a gambling addiction, but with known facts, it is little decisions that add up eventually. This is also the reason why only an estimated amount of income, schedule, preference is suitable, but up to a restricted amount, so as to control the urge which leads to excessive gambling.
These guidelines could however be tweaked to suit ones taste, as I do on days as a London Derby, an El classico, Champions League Finals, and on other boxing and history making matches/bettings that happen only once.
 It will be difficult to control the urge to visit gambling sites on ones phone, seeing the ease at which smart devices with these apps either pre-installed or downloadable exists. Twice a week, 1% income, only 2 kinds of games to bet on, is a schedule I can keep.

58 dollars a month is obviously overkill. I wouldn't call it low risk gambling. Better to say you are not even gambling at all. But %10 suggestion may be okay considering it would be 580 dollars a month. You can divide it to 4 and only gamble at weekends (especially Saturday) so you would be spending money as typical mediocre white collar guy. You should be enjoying gambling, you can enjoy nothing with less than hundred dollars.

When it comes to allocation then it would really be that subjective whether you would be using 1% or 10% on overall gross income or annual then its out of others business.
Important thing on here is that you do play with limits and thats what people should be thinking.I dont see for that guideline to be a joke.For those people who had been
playing using up huge amounts then this would be definitely be a small amount to consider yet you could really indeed play with these amounts with few bets which is something
that would really tell you that it is pointless or useless.What if that certain person been contented on that way?

Do you now feel like you are addicted because you play all your week's pay? 

Its not a low risk but it negates the idea about you enjoying your weekend which gambling was suppose to be entertainment.  I don't know if you are really going to follow this guideline because it seem meant for you to lose 4 days a month for $8. Well its just $8 anyway but I'd rather add the amount to beer budget.

I also think that allocating 1% of the family budget to gambling is too little. If you have a small salary, then enjoy the game on this money will not work. In my opinion, the optimal is to spend no more than 5%.

I completely agree with the second recommendation as I believe that the more often a person plays gambling the stronger the addiction becomes. In my opinion it is optimal to gamble once a week or two.

The third recommendation makes no sense to me at all.

I think that rule could make sense if we were talking about someone with a lot of responsibilities which does not have too much money to spare, however that is not the way they are promoting this guide, as supposedly this is a one size fits all policy for everyone that may be interested in gambling, and that is where they make their mistake, after all a single person can have very low expenses when it comes to their needs and the majority of their disposable income will go towards entertaining themselves, meaning that the limit you have recommended to other people of 10% is perfectly reasonable for people under those circumstances.

Yes, it should be huge if having family. But you can have family and still bet on your mobile phone or personal computer even without your wife and children knowing. It depends on how and where you are gambling.

Even if you are not married, gambling in just 4 times monthly will be good, provided if you gamble with the amount you can lose and not think about or lead to depression, I mean the amount of money that is low to the extent that you can afford to lose it.