Your betting budget - page 13. | Bitcointalksearch.org

traderethereum

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Quote from: babo on July 23, 2021, 10:52:06 AM

yes i agree with you

Quote from: traderethereum on July 23, 2021, 06:44:39 AM

Budgeting money will need the discipline to work for a long time.
If they can not manage their budget and do not have discipline, they do not have to try playing gambling and never try to visit only to watch the games.
If they insist on seeing how gambling works, they will attempt to try playing gambling and for some time, they will see that it is easy for them to gamble.
But in the long term, he will get deeper into gambling games without realizes and can not leave gambling easy.

but this is valid always and for whatever you do
to have a business such as a shop
to work as a freelancer

you need to have a budget and be disciplined

is better for ALL kind of activities with money

Yes, all activities need to have a budget and be disciplined, which could be the key to achieving what we want.
But in the gambling business, if you are a gambler, you need two things to control you from losing the money.
When you can control your money in any activities, you will see that you still have the money that you can use for other things or maybe you can save the money for your future.
Budgeting will help us know which thing we need to reduce or calculate to not over budget.

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Quote from: RealMalatesta on July 23, 2021, 12:50:00 PM

You must be a great sports bettor then because when I am betting on sports, I am just losing my wallet quickly. I guess since you don't have that much time, it might not be a bad idea to become a tipster because we have very few legit tipsters in the bitcoin gambling industry and there's always need for more good ones.

I have never really considered doing that. I know some people who tried being tipsters and it's all milk and honey when your tips are winning, but as soon as you start losing or end up in a negative streak, your customers start blaming you. Some guys have received threats as well.

When I said I don't have that much time, I also meant I don't follow sports as closely as I did in the past and have less interest in analyzing teams and their performances to have the data to be a profitable tipster.

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Quote from: Questat on July 23, 2021, 12:14:21 PM

Quote from: pawanjain on July 23, 2021, 12:12:02 PM

Quote from: Kelvinid on July 23, 2021, 12:08:45 PM

Quote from: KTChampions on July 23, 2021, 12:01:33 PM

Quote from: pawanjain on July 23, 2021, 11:56:16 AM

Quote from: RokokGudangGaram on July 22, 2021, 12:53:54 PM

Planning is just easy, doing it is another. I tried to do it budgeting my income and divide to investment, savings, bills and gambling but I didn't managed to follow my budget in gambling. I'm not sure maybe I'm a little bit addictive to it now but I'm trying to control it but sometimes I didn't put on my savings it just go into my gambling budget, usually it's around 20-30% of my total income.

Damn, 20% - 30% of total income into gambling is so huge. The experts say to at least invest 20% of total income to investments to secure your future.
I think you should decrease your gambling amount from 30% to 10% and then invest the rest 20% into investments which can yield good returns.
This way you will still be gambling while investing and having a better future.

Sure! I think the game process brings the same pleasure when used in the game and 30 percent of income and 5. This means that changing the spending on gambling and starting to save will not change anything else in the gameplay, but after a few years you can feel a pleasant accumulated large amount that itself begins to generate income.

For me, it's not big if you are really winning in gambling, but if you are just losing in gambling, then better drop that percentage so you will not feel the pain of losing. We gamblers have the same purpose but we don't have the same experience as some just really losing money while some are making money.

The number of people making money in gambling is way too less than the ones losing money.
Happy for you that you are making money in gambling. Mind sharing your strategies Grin

It's hard to stay in profits in gambling as it requires strong will power and control on yourself.
Decreasing the amount is the best bet when it comes to continuously losing in gambling.

Obviously, otherwise, casinos and other gambling platforms would not survive, the fact that the gambling industry is a booming industry, only tells us that they are making money consistently while majority of the gamblers are experiencing the opposite thing.

We wont see a booming industry if people arent doing the opposite thing.This do implies that there are lots who had been spending more money in gambling which did really make out big revenue
into these businesses which is quite obvious or evident.When it comes to budget then its a personal choice because we do have different situations in terms of spending or expenses or simply
on how we do live our life which simply differs with the capacity we do have on various things this is why its really hard to tell about average bets or something like that
because decision making will really be different.

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Quote from: babo on July 23, 2021, 10:52:06 AM

you need to have a budget and be disciplined

is better for ALL kind of activities with money

Yep, as it said: "Millionaire is the person that count even coins"
And adding from myself: "And the one who in store with his own shopping bag" Grin

Quote from: pawanjain on July 23, 2021, 11:56:16 AM

Quote from: RokokGudangGaram on July 22, 2021, 12:53:54 PM

Planning is just easy, doing it is another. I tried to do it budgeting my income and divide to investment, savings, bills and gambling but I didn't managed to follow my budget in gambling. I'm not sure maybe I'm a little bit addictive to it now but I'm trying to control it but sometimes I didn't put on my savings it just go into my gambling budget, usually it's around 20-30% of my total income.

Damn, 20% - 30% of total income into gambling is so huge. The experts say to at least invest 20% of total income to investments to secure your future.

I think he is wrong with counting. Or he is highly gambling addicted person who needs medical help. No one in his right mind will not spend such amounts into gambling (except cases described above)

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Quote from: Kelvinid on July 23, 2021, 12:08:45 PM

Quote from: KTChampions on July 23, 2021, 12:01:33 PM

Sure! I think the game process brings the same pleasure when used in the game and 30 percent of income and 5. This means that changing the spending on gambling and starting to save will not change anything else in the gameplay, but after a few years you can feel a pleasant accumulated large amount that itself begins to generate income.

For me, it's not big if you are really winning in gambling, but if you are just losing in gambling, then better drop that percentage so you will not feel the pain of losing. We gamblers have the same purpose but we don't have the same experience as some just really losing money while some are making money.

I knew several gamblers who made money on gambling, but this was earnings ON gambling and not IN gambling. I hope the language barrier didn't stop me from showing the difference. Almost all players on the distance (which means all regular players) are in the red, so I see no reason to talk about the difference that could be if a person suddenly plays profitably.

Quote from: RealMalatesta on July 23, 2021, 12:50:00 PM

Quote from: KTChampions on July 21, 2021, 06:03:02 AM

If it's not a secret, how long is this agreement valid and what are your gambling statistics? Does it happen that in some month you find yourself in the black and instead of spending money you get it? And accordingly, if this happens, how do you dispose of these unexpected winnings?

Haha, I'll wait for him to answer but I guess the agreement is valid and peaceful as long as he is earning good and the expenses are well under control. Once the monthly expenses are higher but unfortunately the wages are not sufficient for management, the agreement will come to a halt Grin

.

In fact, 5% is not a critical level if everything is in order with income, but it is clear that if a family begins to experience financial difficulties, then it is necessary to reduce all unnecessary expenses, which gambling is.

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Quote from: pawanjain on July 23, 2021, 12:12:02 PM

The number of people making money in gambling is way too less than the ones losing money.

Or to paraphrase a famous movie quote:
"Logic clearly dictates that the losses of the many outweigh the winnings of the few." Wink

Quote

It's hard to stay in profits in gambling as it requires strong will power and control on yourself.
Decreasing the amount is the best bet when it comes to continuously losing in gambling.

Yeah. There are times when the losing streak persists, so the best thing to do is just quit and try again the next day.

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Quote from: pawanjain on July 23, 2021, 12:12:02 PM

The number of people making money in gambling is way too less than the ones losing money.

No question about that! There are few who manage to win against the house compared with those who losses a lot.

Quote

Happy for you that you are making money in gambling. Mind sharing your strategies Grin

If possible, I also wanted to learn from you Grin

Quote

It's hard to stay in profits in gambling as it requires strong will power and control on yourself.

Determination and how keen you are to find the right system to increase the chance of winning.

Quote

Decreasing the amount is the best bet when it comes to continuously losing in gambling.

Taking some time to stay away is also a good strategy to lessen those huge losses when the outcome is mostly not favoring you.

RealMalatesta

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Quote from: KTChampions on July 21, 2021, 06:03:02 AM

If it's not a secret, how long is this agreement valid and what are your gambling statistics? Does it happen that in some month you find yourself in the black and instead of spending money you get it? And accordingly, if this happens, how do you dispose of these unexpected winnings?

Haha, I'll wait for him to answer but I guess the agreement is valid and peaceful as long as he is earning good and the expenses are well under control. Once the monthly expenses are higher but unfortunately the wages are not sufficient for management, the agreement will come to a halt Grin

.

Quote from: Pmalek on July 21, 2021, 09:16:34 AM

In the past, when I was much more into gambling on sports, I used to play with a bank of €1.000-€2.000. I looked for value bets and played only single events wagering €80 to €100 per selection. At the end of the month, I would calculate my profit and I found that to be working quite OK for a few months. Since I don't have the time to go that deep into match analysis as I did when I was younger, I had to give this up. I am now an occasional player.

You must be a great sports bettor then because when I am betting on sports, I am just losing my wallet quickly. I guess since you don't have that much time, it might not be a bad idea to become a tipster because we have very few legit tipsters in the bitcoin gambling industry and there's always need for more good ones. And in case you don't know, people earn really good being a tipster.

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Quote from: pawanjain on July 23, 2021, 12:12:02 PM

Quote from: Kelvinid on July 23, 2021, 12:08:45 PM

Quote from: KTChampions on July 23, 2021, 12:01:33 PM

Quote from: pawanjain on July 23, 2021, 11:56:16 AM

Quote from: RokokGudangGaram on July 22, 2021, 12:53:54 PM

Planning is just easy, doing it is another. I tried to do it budgeting my income and divide to investment, savings, bills and gambling but I didn't managed to follow my budget in gambling. I'm not sure maybe I'm a little bit addictive to it now but I'm trying to control it but sometimes I didn't put on my savings it just go into my gambling budget, usually it's around 20-30% of my total income.

Damn, 20% - 30% of total income into gambling is so huge. The experts say to at least invest 20% of total income to investments to secure your future.
I think you should decrease your gambling amount from 30% to 10% and then invest the rest 20% into investments which can yield good returns.
This way you will still be gambling while investing and having a better future.

Sure! I think the game process brings the same pleasure when used in the game and 30 percent of income and 5. This means that changing the spending on gambling and starting to save will not change anything else in the gameplay, but after a few years you can feel a pleasant accumulated large amount that itself begins to generate income.

For me, it's not big if you are really winning in gambling, but if you are just losing in gambling, then better drop that percentage so you will not feel the pain of losing. We gamblers have the same purpose but we don't have the same experience as some just really losing money while some are making money.

The number of people making money in gambling is way too less than the ones losing money.
Happy for you that you are making money in gambling. Mind sharing your strategies Grin

It's hard to stay in profits in gambling as it requires strong will power and control on yourself.
Decreasing the amount is the best bet when it comes to continuously losing in gambling.

Obviously, otherwise, casinos and other gambling platforms would not survive, the fact that the gambling industry is a booming industry, only tells us that they are making money consistently while majority of the gamblers are experiencing the opposite thing.

pawanjain

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Quote from: Kelvinid on July 23, 2021, 12:08:45 PM

Quote from: KTChampions on July 23, 2021, 12:01:33 PM

Quote from: pawanjain on July 23, 2021, 11:56:16 AM

Quote from: RokokGudangGaram on July 22, 2021, 12:53:54 PM

Planning is just easy, doing it is another. I tried to do it budgeting my income and divide to investment, savings, bills and gambling but I didn't managed to follow my budget in gambling. I'm not sure maybe I'm a little bit addictive to it now but I'm trying to control it but sometimes I didn't put on my savings it just go into my gambling budget, usually it's around 20-30% of my total income.

Damn, 20% - 30% of total income into gambling is so huge. The experts say to at least invest 20% of total income to investments to secure your future.
I think you should decrease your gambling amount from 30% to 10% and then invest the rest 20% into investments which can yield good returns.
This way you will still be gambling while investing and having a better future.

Sure! I think the game process brings the same pleasure when used in the game and 30 percent of income and 5. This means that changing the spending on gambling and starting to save will not change anything else in the gameplay, but after a few years you can feel a pleasant accumulated large amount that itself begins to generate income.

For me, it's not big if you are really winning in gambling, but if you are just losing in gambling, then better drop that percentage so you will not feel the pain of losing. We gamblers have the same purpose but we don't have the same experience as some just really losing money while some are making money.

The number of people making money in gambling is way too less than the ones losing money.
Happy for you that you are making money in gambling. Mind sharing your strategies Grin

It's hard to stay in profits in gambling as it requires strong will power and control on yourself.
Decreasing the amount is the best bet when it comes to continuously losing in gambling.

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Quote from: KTChampions on July 23, 2021, 12:01:33 PM

Quote from: pawanjain on July 23, 2021, 11:56:16 AM

Quote from: RokokGudangGaram on July 22, 2021, 12:53:54 PM

Planning is just easy, doing it is another. I tried to do it budgeting my income and divide to investment, savings, bills and gambling but I didn't managed to follow my budget in gambling. I'm not sure maybe I'm a little bit addictive to it now but I'm trying to control it but sometimes I didn't put on my savings it just go into my gambling budget, usually it's around 20-30% of my total income.

Damn, 20% - 30% of total income into gambling is so huge. The experts say to at least invest 20% of total income to investments to secure your future.
I think you should decrease your gambling amount from 30% to 10% and then invest the rest 20% into investments which can yield good returns.
This way you will still be gambling while investing and having a better future.

Sure! I think the game process brings the same pleasure when used in the game and 30 percent of income and 5. This means that changing the spending on gambling and starting to save will not change anything else in the gameplay, but after a few years you can feel a pleasant accumulated large amount that itself begins to generate income.

For me, it's not big if you are really winning in gambling, but if you are just losing in gambling, then better drop that percentage so you will not feel the pain of losing. We gamblers have the same purpose but we don't have the same experience as some just really losing money while some are making money.

KTChampions

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Quote from: pawanjain on July 23, 2021, 11:56:16 AM

Quote from: RokokGudangGaram on July 22, 2021, 12:53:54 PM

Planning is just easy, doing it is another. I tried to do it budgeting my income and divide to investment, savings, bills and gambling but I didn't managed to follow my budget in gambling. I'm not sure maybe I'm a little bit addictive to it now but I'm trying to control it but sometimes I didn't put on my savings it just go into my gambling budget, usually it's around 20-30% of my total income.

Damn, 20% - 30% of total income into gambling is so huge. The experts say to at least invest 20% of total income to investments to secure your future.
I think you should decrease your gambling amount from 30% to 10% and then invest the rest 20% into investments which can yield good returns.
This way you will still be gambling while investing and having a better future.

Sure! I think the game process brings the same pleasure when used in the game and 30 percent of income and 5. This means that changing the spending on gambling and starting to save will not change anything else in the gameplay, but after a few years you can feel a pleasant accumulated large amount that itself begins to generate income.

pawanjain

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Activity: 2702

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Nothing lasts forever

Quote from: RokokGudangGaram on July 22, 2021, 12:53:54 PM

Planning is just easy, doing it is another. I tried to do it budgeting my income and divide to investment, savings, bills and gambling but I didn't managed to follow my budget in gambling. I'm not sure maybe I'm a little bit addictive to it now but I'm trying to control it but sometimes I didn't put on my savings it just go into my gambling budget, usually it's around 20-30% of my total income.

Damn, 20% - 30% of total income into gambling is so huge. The experts say to at least invest 20% of total income to investments to secure your future.
I think you should decrease your gambling amount from 30% to 10% and then invest the rest 20% into investments which can yield good returns.
This way you will still be gambling while investing and having a better future.

KTChampions

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Quote from: panjul07 on July 23, 2021, 05:25:01 AM

Assuming that you have other steady income IRL and you use your campaign payment as your betting budget and you do it for fun, there is nothing wrong with it.
On the other side, if you lose what you earn from the campaign and it does affect your life economically then you do it really wrong.
In this case you should be able to divide what you earn from the campaign, lets say half for daily needs and the other half for gambling.

I think that the earnings from the signature campaign are intended for this - to be easily spent. This is just a nice bonus for chatting on the forum, but not work. Even living in a backward country with low salaries, I believe that if someone considers payments from a signature campaign as earnings, this is a serious problem. We all need more serious income.

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Quote from: cabron on July 14, 2021, 10:08:30 PM

Since you set aside a budget for your betting, it only means you really plan things, and it would appear like you organized all that you want to do. Most of the gamblers I met don't do that. Often times they tell me it's just their extra money that they are spending.

I don't plan to gamble, I just do it whenever I feel like but it rarely happens because I only bet nowadays to boxing and MMA.

I strongly believe planning helps manage funds. Spending at random amount might make you surpass your income or spend more on gambling and what if you weren't bluvky although that period it might end in excessive losses putting you in debt in most cases. For me I plan my gambling and have a specific budget for it every week

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Quote from: ChiBitCTy on July 22, 2021, 11:23:56 AM

As a financial advisor I love seeing stuff like this. It is imperative that everyone sets up a spending budget. It’s a great way of making sure that you are spending money how you should be, making sure you aren’t spending too much etc. I don’t personally set aside a percentage of my income for gambling, but I do know how much I can spend each month based off my budget: Well done!

nice words, i did this too....i never limit how much money i spend on gambling, i'm just worried that i can't control myself. i'm also not a heavy gambler, i only play when i'm in the mood, so i can control how much i spend every month.

babo

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yes i agree with you

Quote from: traderethereum on July 23, 2021, 06:44:39 AM

Budgeting money will need the discipline to work for a long time.
If they can not manage their budget and do not have discipline, they do not have to try playing gambling and never try to visit only to watch the games.
If they insist on seeing how gambling works, they will attempt to try playing gambling and for some time, they will see that it is easy for them to gamble.
But in the long term, he will get deeper into gambling games without realizes and can not leave gambling easy.

but this is valid always and for whatever you do
to have a business such as a shop
to work as a freelancer

you need to have a budget and be disciplined

is better for ALL kind of activities with money

traderethereum

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Quote from: agustina2 on July 22, 2021, 10:30:43 PM

Quote from: ChiBitCTy on July 22, 2021, 11:23:56 AM

As a financial advisor I love seeing stuff like this. It is imperative that everyone sets up a spending budget. It’s a great way of making sure that you are spending money how you should be, making sure you aren’t spending too much etc.

It's good but can't actually follow in terms of gambling. As a financial advisor, you won't see anything related to gambling in terms of budget.

There's always an attempt after a budget has now been depleted. If they win, why should they stop, if they lose, they should cover it.

That's the reason why budgeting money in betting will not work in the long-run. The temptation is hard to resist.

Budgeting money will need the discipline to work for a long time.
If they can not manage their budget and do not have discipline, they do not have to try playing gambling and never try to visit only to watch the games.
If they insist on seeing how gambling works, they will attempt to try playing gambling and for some time, they will see that it is easy for them to gamble.
But in the long term, he will get deeper into gambling games without realizes and can not leave gambling easy.

Ucy

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Regularly spending 3-5% of your monthly income on betting games/competitions maybe consider gambling especially if it doesn't earn you consistent profits and if it's unsafe/bad games or competitions.
I would probably set aside less than that on games/competitions I depend on for luck to win or those I'm not skilled in until develop some strategies that earn me consistent profit.
I think a safe start maybe 0%—2% of your income and I will gradually adjust that depending on how well I do with my bets,.

I wouldn't advice anyone to take big risk or gamble with their funds or life.
Practice Safe Bets all the time
*it's equally a gamble to spend hugh amount of money on things you don't need or even spending on things that can cause you problems. Your intentions for betting should be good if you want to be lucky.

Bet but don't gamble.

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...gambling responsibly. Do not be addicted.

Quote from: madnessteat on July 23, 2021, 01:11:52 AM

The temptation will always be there, but the main task of the player and is not to go beyond the pre-planned budget. If a player observes this simple rule, he does not have any problems with gambling.

Yes, this is true, I agree. Many punters go beyond what they pre-planned already to bet with, this is not right, it is wrong, if a gambler has already lost the pre-planned budget, he should just leave gambling at that moment for wrong mind and emotion not to set, this is the weakest period for gamblers and can result to losses of most or all their money.

But we still need to consider and talk about the planned amount, it should not be too much which is what we are considering on this thread, some gamblers can have a pre-planned budget that can even result to depression if they lost the money to gambling or anything, this is also wrong, the budget should be little and gambling should be taken for fun and entertainment.

Topic: Your betting budget - page 13. (Read 4947 times)