Your betting budget - page 14. | Bitcointalksearch.org

panjul07

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Quote from: Vaskiy on July 22, 2021, 08:02:43 PM

These days my campaign payments were my betting budget. It's been more than six consecutive weeks I haven't used my campaign payments for anything good or for my personal needs. I have some hope and go try for it. Finally ends up losing everything out of control. This should not happen with the gamblers. Apart from this I also wasted the monthly and weekly bonus.

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.

babo

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i want to add a consideratoin in this discussion

I have, as I said, a low budget (fun purpose)
this budget is fixed and I always lose money

if I win, I simply postpone putting money

the budget helps not to overdo it
my two cents

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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.

It's easy to say but it's hard to do in reality.

I doubt that "main task" of not going beyond a pre-planned budget will always be applied properly by a gambler. Maybe it will work for a casual gambler or for those people who are not doing gambling that much.

But for a regular bettor, I will admit that any set budget for my particular session is not really working well. For example in my certain session, let's say I've already used all my funds, there's always a chance for me to exceed my budget bit by bit without realizing that I already spend lots. That's a reality for a regular bettor even how disciplined they are. Part of human nature in gambling.

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

^

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.

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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.

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.

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These days my campaign payments were my betting budget. It's been more than six consecutive weeks I haven't used my campaign payments for anything good or for my personal needs. I have some hope and go try for it. Finally ends up losing everything out of control. This should not happen with the gamblers. Apart from this I also wasted the monthly and weekly bonus.

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Quote from: Rengga Jati on July 22, 2021, 06:08:07 PM

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

Planning is just easy, doing it is another.

You are right. Although it will depend on each person who does that plan and also management, I also admit if sometimes there are difficulties and their own reasons why we can out of our plan. Especially if when we have begun to addicted gambling, we can really always out of plas in the reality if we can't control it. And maybe this will happen. So, start for ourselves in advance to be able to control and make good management of funds and our emotions.

Indeed we do not always succeed in carrying out our plans well, sometimes there are reasons that make us get out of the plan we have set.
So it takes commitment and discipline to be able to follow the plan that we have made, indeed it is not easy and requires a process. But as long as
we have a strong intention within ourselves, we should be able to continue according to the plan we have made. Especially for those who are addicted
to gambling, I suggest they start to control themselves so they can be disciplined in carrying out the plans they have made.

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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.

It is true, planning is just an idea that is made in our minds but applying it. That's when someone starts to have trouble and problems. But if you're very firm with planning, you will follow the budget that you set and you're going to be obedient with your plans because that's needed to be followed by you. Well, it's not you that have done that. Made a plan yet the plan wasn't followed for some reasons and the budget became more with gambling.

Rengga Jati

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

Planning is just easy, doing it is another.

You are right. Although it will depend on each person who does that plan and also management, I also admit if sometimes there are difficulties and their own reasons why we can out of our plan. Especially if when we have begun to addicted gambling, we can really always out of plas in the reality if we can't control it. And maybe this will happen. So, start for ourselves in advance to be able to control and make good management of funds and our emotions.

Mahanton

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Quote from: jaberwock on July 22, 2021, 04:41:17 PM

Quote from: YOSHIE on July 21, 2021, 10:38:43 AM

Quote from: Chato1977 on July 21, 2021, 05:53:03 AM

My wife and I agreed that 5% of my monthly wages will be on my own discretion meaning i can do anything from that.

Your wife thinks normally, indeed 5% of husband's income is a decision that must be made, sometimes I've also heard someone tell me of his 100% income, he only takes 20% for himself.

So, I want to ask you, your wife knows you gamble and use that 5% budget....

Because I have a friend caught his wife gambling, he only gives 50% every month to his wife, 50% he spends on betting in the end, it's a mess.

I think the 5% he spends at his discretion is basically anything he wants, he can do anything with that amount. The daily needs and other essentials must be managed from that 95% and hence the wife has allowed him to spend 5% without asking where it goes.

You're right though that once the wife gets to know that the 5% is going towards gambling, it might be a mess because gambling is something wives consider bad for whatever reason.

I feel ironic that we husbands take 5-20% of our own money and yet feel worried about the wife not being upset of how we spent it.

5% on your monthly salary would really be the sweet spot on where you dont risk that much and would able to prioritize things.The issue here is on how someone would

really able to handle it out or does have that kind of discipline on oneself specially when they are already on the verge of chasing losses or addiction on which people
should really mind of and on the question about how much is my budget? It would be random but for sure it wont really be going above 10% of
my monthly salary and thats my limit.

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Quote from: YOSHIE on July 21, 2021, 10:38:43 AM

Quote from: Chato1977 on July 21, 2021, 05:53:03 AM

My wife and I agreed that 5% of my monthly wages will be on my own discretion meaning i can do anything from that.

Your wife thinks normally, indeed 5% of husband's income is a decision that must be made, sometimes I've also heard someone tell me of his 100% income, he only takes 20% for himself.

So, I want to ask you, your wife knows you gamble and use that 5% budget....

Because I have a friend caught his wife gambling, he only gives 50% every month to his wife, 50% he spends on betting in the end, it's a mess.

I think the 5% he spends at his discretion is basically anything he wants, he can do anything with that amount. The daily needs and other essentials must be managed from that 95% and hence the wife has allowed him to spend 5% without asking where it goes.

You're right though that once the wife gets to know that the 5% is going towards gambling, it might be a mess because gambling is something wives consider bad for whatever reason.

I feel ironic that we husbands take 5-20% of our own money and yet feel worried about the wife not being upset of how we spent it.

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Quote from: Kong Hey Pakboy on July 21, 2021, 05:26:48 AM

When it comes to gambling, I have a big budget so I really don't worry if I go overboard because I sometimes don't spend it all that much because it's either late or I have other things to do.

I can only imagine that you have excellent control over your gambling because when I am playing and I am intensely involved, I guess even a million dollars would be busted within a few hours, hence I always deposit a small amount knowing that once I get going on a game, I cannot stop at will.

I don't have a set budget but it's mostly the leftover amount after the monthly spending and savings. I don't think anyone ever makes a budget for gambling specifically, it's just part of the money we spend on fun activities and there is usually no budget. At times when I am lucky and win something good, I cash it out and it directly goes to my savings.

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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.

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Quote from: pawanjain on July 22, 2021, 11:36:36 AM

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!

Good to see a financial advisor among us. I can say that you don't gamble frequently because you know how much you can spend for gambling each month.
A person who know their limits stays in control most of the times. Even I had decided few months ago to keep a limit on my gambling.
Since then my gambling frequency has reduced quite a lot.

That's the importance of advisors around us to make ourselves aware when we forget to be in control of gambling I know this is very difficult but in particular they need to be able to limit it every month if it's not a real gambler, I'm sure of us can do this and the income is high What we use in gambling is extra money from various things such as signature campaigns and other income.

But sometimes I continue to be on the gambling board always this itching to play while the restrictions are over because the money to gamble has reached the limit but it is indeed difficult for all of this, but I can get out of this problem.

BITCOIN4X

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So far I have not specifically limited the amount of budget I spend on gambling purposes. I have amount that vary from 10%-20% or more of my total earning on gambling which doesn't seem great to some. It's just that I don't use the money I get from my actual job for gambling because it seem like enough for me to just use it from the signature campaign revenue.

Because I gamble not because I want to win a lot of money, it is still very possible for me to use more than 20% for fun. Sometime I get bored due to the lack of profitability from the gambling I love and that can make me cut back on my budget.

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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!

Good to see a financial advisor among us. I can say that you don't gamble frequently because you know how much you can spend for gambling each month.
A person who know their limits stays in control most of the times. Even I had decided few months ago to keep a limit on my gambling.
Since then my gambling frequency has reduced quite a lot.

ChiBitCTy

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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!

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Quote from: hahay on July 22, 2021, 07:50:14 AM

Quote from: Theones on July 22, 2021, 06:16:15 AM

In the past, I didn't pay attention to how much money I spend on gambling, which from the time perspective I think was very reckless.
For several years, I have been trying to be very careful with gambling-related expenses.
If I don't have any additional bonuses or lucky winnings, the maximum amount I spend on gambling per month is not more than $150, but I often manage not to exceed even $100/month.

For me it is a big budget, because for me the budget for gambling should be kept to a minimum and then we can continue to use the funds for the next bet from the profits obtained. when I can make a win at the beginning with several wins to get back the initial capital, then I can gamble comfortably without any pressure. Therefore, I never use large capital to gamble, because it will only create stress when gambling.

To be honest, this is easier said than done; that is why the best solution to this is to avoid bringing your cards and/or excess cash.

Only bring money that you are willing to lose. If not, you are open to the possibility of continuously betting especially if you experience a losing streak. You need to have control in your emotions since it can compel you to bet money more than you actually planned. That is why, bet with an open mind and heart- accept defeat if ever you lost all of your betting budget.

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Quote from: bitzizzix on July 22, 2021, 06:25:10 AM

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Quote from: Obito on July 20, 2021, 04:28:28 AM

~snip

That will really help us decide, especially when we play gambling, as we can forget about the rule that we have and make us want to play more and more. We already see many people losing their money because they can not hold themselves and lose control. I am sure we will have a chance to control ourselves and reduce the emotion fast than the other people. Learning about discipline will help us reduce our tension and eliminate wanting to play for some more rounds.

It's not their fault, I mean we have been raised different and we have unique personality so I don't necessarily that we are same in terms of self control, the good news is that it can be learned and if you just put your heart into it, you will be able to do so.

Learning to control yourself and do the proper way of budgeting would take you away from gambling addiction. Yes, we're raised in different ways but we could change our path by handling things well. Allocating enough budget for gambling would help us control and spend our finances right. 5-10% I think is already enough to enjoy gambling.

As long as we can handle ourselves in gambling, there is nothing to worry about because we will know when the budget has almost reached the limit and stop gambling. The allocating budget will help us to prevent losing all of the money. It is better to use not too big money to gamble because that will be enough for us to play gambling. We should prevent the sound in our head telling us to continue gambling because that can tempt you to use more money to gamble.

Being able to control yourself is the most important thing in playing gambling and being consistent with the budget that has been provided, win or lose you will stop with enough capital that you have provided and that is gambling for fun.
and allocate a sufficient budget and don't feel like adding it when you lose and can resist the urge to continue playing you will be far from losing a lot of money, you only rely on the capital that has been provided and if you lose you will stop according to the capital provided and if you win it's luck , and but don't keep playing if you win because if you keep playing you will still lose and try to stop when you win.

Winning or losing will not matter for us who playing gambling without having tension to win or chase the money because what we want from gambling is having fun and enjoy the game. We can allocate some money to gamble but we must remember not to use the other money to continue playing gambling because we will never know if we can hold ourselves to stop gambling or temp us to playing more rounds. If somehow, we lose in that day, we need to get out from the casino and never look back because that can tempt us to deposit more money to continue gambling.

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TBH, I'm only using a small amount of my total salary for gambling but if you will ask about the budget none because I didn't put any budget for gambling purposes.

Whenever I gamble in the past, I will just deduct some of my expenses and that will be the money that I will be using in gambling. Luckily it didn't went to the point where I need to spend huge amounts of money just to recover my losses. I'm the type of gambler in the past where the money that I used in gambling will be the money that I will be ok if I lose it.

Different people have different betting budget. Just remember that just be ready for the worst case scenario and don't overspend in gambling because it might lead to serious things. Be disciplined

Topic: Your betting budget - page 14. (Read 4947 times)