Topic: This is not Practical - page 9. (Read 1495 times)

^ Yes of course!
It is true that for many people, any loss of money can have an impact, the purpose of using disposable income or funds that are not allocated to essential needs is meant to minimize the potential harm. Because for me, it is about balancing the desire to gamble with the responsibility of managing one's finances. But this question depends on both individual gambler that has priority management and those with less financial expenses will have a big amount to allocate in gambling. It is very practical to have a decision like this.

Yes, I gamble with the money I can afford to lose... Most of us are always "short on the money", but let's say we have $50-$100 (I am sure this amount can be lower or higher) to spare on something from time to time... I guess some people will buy something nice for themselves, some people will party all night, and some of us chose to have a quiet night playing some hot games!!

I am not sure how to explain it, I guess some things come with years and experience. We all get into all sorts of troubles, but what makes us who we are is how we solve them, we survive something and we learn from our mistakes and we advance or...  or we have another "sad story". I saw too many people eaten by some vice, and we read about it all the time, almost everywhere.  

Don't get in over your head:

I agree wit one of the replies that the advice "gamble what we can afford to lose" is a simple reminders for us to be a responsible gambler.  Now, I don't know why @OP think that it is theoretical when gambling responsibly is a practical way of avoiding negative results of gambling activity.  It is also a good advice in avoiding financial disaster.  


I also got the impression that @OP do not understand what the line "use money you can afford to lose for gambling" specifically the word afford means.

You use superfluous money for gambling, what means it's a money you won't use for your daily needs. It's not money you use to buy food, to pay your bills, the school of your children, the clothes and accessories you need, the car and goods of your house. It's money you would use to buy cigarettes, beers, candies, to go to a concert, to go out with your friends... It means we are talking about expenses on entertainment department.

Of course it is! I'm not going to sacrifice my life in order to gamble.

If you think you had no money you could afford to lose, that's all the more reasons you shouldn't gamble in the first place!

You're only speaking for yourself, a lot of us here had enough money to play around with which makes gambling something that we can afford. I'm not poverty-shaming or whatnot but the fact alone that you think no one's able to afford gambling money so we should just go with it anyway tells me that either you're someone who's really incapable of gambling due to your financial situation that you're projecting and supposing as if everyone's in the same boat as you, or you're a chronic gambler who's trying to make sense of things and your logic. You can't make me think otherwise.

That's not true. You don't understand what afford to lose means.
It doesn't mean that you will not regret the money lost and it doesn't mean that you're losing money that you'd otherwise throw away or burn.
It means that losing this money will not affect your life. You could have a million dollars in the bank and no idea what to spend it on. If you take 1k out of that sum and lose it in a casino, it's like nothing to you. This was money you could afford to lose.

Where do you see empty rhetoric? You just said yourself that you don't gamble with your life savings or your lunch money, but you set aside a little money that you don't need for your everyday expenses or other more important things. This precisely aligns with the definition of "money you can afford to lose." There is no rhetoric here.

The advice is good to follow but there is something called odds that if you bet only a small amount, you could also make pennies. This is basically sports betting. You can just bet $10 to make $5 if you are okay with it.

But that's not really satisfying after some time. Over time you will need to make sure you can make a fair amount in one game and there will be no allocation when you think of bigger profits. Not practical but when you feel confident with your bets, thats what will happen.

Its true that each person doesnt really like on losing money even if we do speak on using up on the money which we can afford to lose on which we dont really like to lose eventually but on having these things in your

mind would definitely make you prepared on what are the things will mostly happen specially on gambling field on which this could really be always means about losing money and this is inevitable.
Only a few would be able to get out if they are really that lucky but if not then the money you had used would definitely bust up in the end on which its never been that a shocking thing to happen.
The word or advise on using up on the money which you can afford to lose would really be giving out that idea and awareness to yourself that you should stick into that limit.

Always be having the moderation on making use of those funds which are really that intended for gambling.If ever you would lose those balance then you do know that it is really the line which
you should stop and never ever consider on depositing once again because you are tending to chase up with those losses and this is where the common cycle begins on gambling field
and this is why lots of people been fueling up and making this industry becomes too profitable because people cant really just control out themselves on playing.

It's not that I afford to lose those money I used in gambling but regardless, be responsible enough to know our limits. Technically, there's no specific amount we can consider as an amount that we afford to lose. We always breach our set limits because temptation to continue is always there either we win because we feel luck and we chase losses during the losing streak.

There's no such thing for me as being practical in gambling because in the first place, how the hell we want being practical to our money but will used it on gambling. It doesn't make sense.

Again, just be responsible enough to know our limits.

My understanding here is that, you are being taught to be more responsible and warn you that gambling can be very risky so spending your important money here is not ideal. That’s why many are saying gamble with your extra money only, that means you will not be broke if you lose that money since its an extra. This is a practical advice from the gamblers who already knew the effect of gambling, don’t ever try to borrow and gamble, its more risky.

Do you agree that the advice to only gamble with "money you can afford to lose" sounds a little pretentious? It's not like money just appears out of thin air (unless you happen to be Mr. Bezos or Mr. Musk, of course).

But let's not waste time with empty rhetoric. The harsh reality is that every dollar you gamble away is a dollar you could have spent on a cheeseburger, put towards a bill, or put away for a rainy day. Sounds like a see-saw to me. When one end is raised, the other must be brought crashing down.

However, I don't put my life savings or my lunch money on the line when I play the slots or roll the dice. It's a tiny bit that I chiselled out for this express reason. Sure, I could buy a lot of cheeseburgers with it, but I'm saving it for the moments of the casino instead.

i would have merited this thread but currently out of smerits. I totally agree with that this particular advice is actually more theoretical than practicalise by gamblers and I myself is actually a victim of this but this a community and every one is trying as much as they to stay clean off bad habits and so claiming to actually gamble with funds they deem they plan to lose which when you look at it in a true sense only few percentage of gamblers actually hold to this action.

Lolz!!! Op you are funny. Even though you are funny, there some elements of truth. I don't really think there some spare money in anywhere for gambling. For addicted gamblers, the money that is meant for taking care of the stomach, clothes, a d bills always end up in the gambling halls. And there they thought is the money doubling place so they went there with the mindset to double the amount that is in their hand. And end up losing all to the casinos or sportbetting. The money that they want to use us not the money they can afford to lose oo my brother. It is for doubling oo!

I belch you some people do have such money and it's called budgeted gambling money. Practically there are gamblers that budget specific amount of money a percentage weekly or monthly from their income to be use just for their gambling activities. And some are so discipline enough to keep to the very amount never going beyond.

The statement, always use money you can lose is meant to keep the gambler in check of himself not to squander beyond his capacity as gambling can be so eluding that you don't know when you spend more based on how captivating you get. And suffix me to say, staging a budget for yourself while gambling prevents you from easily falling into addiction.

]"Money that you can afford to lose" does not mean money that has no real use or money that won't be missed it you lost it. That term means money that will not wreck you in any way when you use it to bet. You will definitely not happy you lost money but it doesn't mean you'll be with nothing.

It depends on how much you have. $2k dollars is what some people might be able to afford to lose, while for others it may $30.
Imagine making $2000 a week and using the whole 2k on gambling. That's not money you can afford to lose. But if you lose $500 on gambling, that may be money you can afford to lose, depending on your needs.

Well, In my opinion, the reason for such a statement is that one should not gamble with money that will derail them mentally or emotionally. For example, if you have $2000 and want to use $1800 for a project, you can spend the remaining $200 on anything you want. But if you decide to foolishly spend all the money on gambling, it becomes a problem because you only have the freedom to use $200 for anything. Even if you decide to flush the $200 down the toilet, it's your business, but Using the $1800 will cause problems for the person. So, indirectly the $200 was some money you could waste if you want.

I can freely gamble with any money I have Budgeted for gambling; even if I lose, it wouldn't offend me because I have put it aside to use the money for fun.

This is like making gambling as part of your life. Honestly,I playing gambling regularly but I don’t add gambling expenses as part of my budget because this is just a leisure activity which means I can live with or without it. Setting maximum losses works for me to control my gambling expenses limited to the range which I can afford to lose.

Most important thing is the satisfaction using the money within the range that you can afford. I think adding gambling budget to your expenses will just push you to play more instead of controlling it since you are giving importance on gambling by allocating money during your budgeting.

Control takes time on gambling. This is what I learn on my long years of experience of controlling myself for not over extending my budget.

No, this advice is practical because it clearly says that one should only use the amount of money in gambling which doesn't impact his/her life in any way possible. For example someone who earns $1000 dollars per month if uses $10 for gambling then even with a loss the person still won't be affected in any adverse way, on the other hand if someone who earns $1000 per months and spends $500 for gambling then his/her life will be affected in the worse way if they lose that amount of money.

In the later case use person would hardly be able to meet his/her expenses of the month while in the first case the person won't be affected at all and he/she can still enjoy the month despite losing the money in gambling because $10 is a very small amount for someone who earns $1000 per month while $500 if 50% of the money of someone who earns $1000 per month and that's why the ones who losses $500 in a bet would hardly be able to fulfill the needs of the month and he/she has to borrow money from others in order to fulfill their needs of that particular month.

Money one can afford to lose = money that is extra to a person that will not affect his current state of living. That is why 'afford' is the term, it's because you can still do things and live comfortably even without it.

I personally have spare for this kind of activity although I have strayed from it currently since I'm more into sports and esports betting right now but there aren't any good tournaments just yet. In this facet of gambling, I get to be entertained more and also have more chances of winning compared to just casino games that I was doing before.