Your betting budget - page 15. | Bitcointalksearch.org

hahay

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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.

bitzizzix

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Quote from: michellee on July 22, 2021, 06:05:56 AM

Quote from: Cling18 on July 21, 2021, 10:05:01 AM

Quote from: Obito on July 21, 2021, 03:46:48 AM

Quote from: michellee on July 20, 2021, 06:20:06 AM

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.

Theones

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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.

michellee

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Quote from: Cling18 on July 21, 2021, 10:05:01 AM

Quote from: Obito on July 21, 2021, 03:46:48 AM

Quote from: michellee on July 20, 2021, 06:20:06 AM

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.

Maus0728

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When I first started learning about bitcoin trading, I discovered something called Bankroll Management, which is comparable to how poker players manage their betting budget.

The idea is to have a main account with the majority of your money and a separate account with the remaining 10% of your main wallet. With this, you can reduce the risk of losing a huge sum of money by doing so, and you can play again at a later date.

I think it would be helpful if I can share this video with you guys.
[1] https://youtu.be/SPRWLe7Xw1w

Adzivu

member

Activity: 200

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There is "liferoll" and "gambling bankroll".

Never take money for gambling from liferoll.

Maximum I bet on a single bet is 3% of my bankroll. That is very conservative way and I'm satisfied with it.

YOSHIE

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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.

Cling18

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Quote from: Obito on July 21, 2021, 03:46:48 AM

Quote from: michellee on July 20, 2021, 06:20:06 AM

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.

Shasha80

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Activity: 1876

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Quote from: babo on July 21, 2021, 05:29:10 AM

betting is extra fun for me, so my budget is just for fun
if going for a ride on the carousel costs 1 euro
for me it is equivalent, my bets are in the order of 2 euros or something more and games that I follow in some way

if today he plays the premier league of thailand, I don't make bets .. I don't follow those teams

sometime i bet on esport like league of legends

Playing gambling is supposed to be for fun, and we really have to provide a special budget for our fun. As you said maybe the gambling budget is
the same as the other fun budgets, and everyone has a different amount of budget. In accordance with the financial condition of each person,
it doesn't matter how much budget we allocate to playing gambling. The most important thing is that the budget we use does not use money
for daily needs.

Pmalek

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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.

michellee

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Quote from: Obito on July 21, 2021, 03:46:48 AM

Quote from: michellee on July 20, 2021, 06:20:06 AM

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.

Yes, we are raised different, but we can touch every people with heart. So in this matter, if we can approach them softly, I am sure they will understand what we mean and they will listen to us and want to learn more about self-control. I believe that we have self control and we can learn it slowly, as long as we have a will to learn. If they can set their budget in gambling and have self control, they will not let that money is gone in the short term.

madnessteat

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Quote from: blackened515 on July 20, 2021, 12:54:54 PM

Quote from: virasisog on July 20, 2021, 05:34:53 AM

I pay all my bills first and set aside extra money for unexpected expenses. I don't think of gambling too much and if I gamble I spend only few hours playing to relax and unwind. Losing in gambling can give you more stress and problem, also ot gives me a lot of pressure whenever I lose and being forced to use extra money to win back my losses. So,I stay away as much as I can and play lesser as much as possible.

I agree with you. Losing in gambling gives stress, because when you place your bets, your expectation is to win and have more money. And when it happens the other way round, it results to stress and depression. I think the best way to avoid spending too much on gambling is to set your limit.

Waiting for a win is completely useless and to understand this it is enough to study the mathematical expectation in gambling. Maybe then you will not get negative emotions in case you lose. In gambling, happy is not the one who won and the one who learned how to enjoy the game itself.

KTChampions

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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.
So that is my budget for gambling , though sometimes i exceed from that 5% because i have some Sideline weekends and earning 100$ rom it.

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?

Chato1977

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Quote from: paxmao on July 14, 2021, 06:45:35 PM

I kind o like feeling in control of my finances and that means controlling my spending and being very aware of what goes in and what goes out. I normally check my accounts every month and may make a few decisions on what to spend next month if things are not looking correct. One of the things I do is to set aside 10% of my income for things that I really do not need - expensive clothing, gadgets and electronics, books, games,... and part of that is gambling. For me, a reasonable gambling budget is 3 to 5% of my income, although I may allow more if I have some extraordinary income that month. How do you plan your gambling or fun budget?

My wife and I agreed that 5% of my monthly wages will be on my own discretion meaning i can do anything from that.
So that is my budget for gambling , though sometimes i exceed from that 5% because i have some Sideline weekends and earning 100$ rom it.

babo

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The hacker spirit breaks any spell

betting is extra fun for me, so my budget is just for fun
if going for a ride on the carousel costs 1 euro
for me it is equivalent, my bets are in the order of 2 euros or something more and games that I follow in some way

if today he plays the premier league of thailand, I don't make bets .. I don't follow those teams

sometime i bet on esport like league of legends

Kong Hey Pakboy

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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.

Obito

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Quote from: michellee on July 20, 2021, 06:20:06 AM

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.

traderethereum

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Quote from: hahay on July 19, 2021, 11:35:23 PM

Quote from: traderethereum on July 19, 2021, 11:18:16 PM

Quote from: harizen on July 19, 2021, 07:24:31 PM

Quote from: paxmao on July 19, 2021, 06:05:42 PM

Just make sure that at least you understand what is going inside you and if you can control, ask for someone to "supervise" you gambling.

Honestly, no need for serious supervision because as you have mentioned, dopamine plays a role whenever we gambling. Naturally, it creates pleasure in the brain therefore it was only us that can't control it.

Actually, I don't mind if people still continue to play gambling despite lots of losing in their respective sessions. That's their money and will after all. As long as they are still responsible outside their gambling activity, that was good. But if not, that was a different story.

Someone that can supervise us is us because we take responsibility for our money and I am sure we do not want to see our money is gone because of losing control.
But that is what happens so far, and many people tend to use their money to gamble and add more money to try to win without considering that it is better to stop gamble for a while after we lose.
People can play gambling anytime they want but they should know how to manage their money but if they do not want to listen to our suggestion, that will be up to them.
We can only suggest to them without forcing they must stop as soon as possible because they will not want to stop if they do not see their limit.

Well, I guess that could be a great way too. When we already have a budget for gambling but because there is a high awareness for supervision, then we can save the budget to anyone we trust, whether it's friends or family. With the budget that we entrust to the trusted person, at least there will be good control not to continue to increase the budget when it runs out and that method can also be good management for your finances.

That is the benefit of having supervision so our budget is under control and we will have a chance to prevent from over budget.
When we can make a good plan for using the money, we cannot worry about losing money because we will not try to break the limit just because of playing gambling.
We will think if we add more money to gamble from our plan, that can make our plan not work and we must avoid that.
If that can succeed, we can tell about the plan to people we know to also try it by themselves.

Pamadar

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Quote from: ?? on ??

You are simply doing gambling in a wrong a way, setting limit is just a secondary solution to minimize risk but if you are being depressed a lose means you are playing gambling using the money that's important to you or it was allocated to pay bills and you are just gambling it to earn more. Gambling should be for killing leisure time only and not for a profit generating source. You should use always an extra money no string attached so that you will not feel depressed in case it loss.

Often times we will that way, use money that you can afford to lose in order not to be saddened after losing your capital.

Bu throughout the game chances that you'll add more or you'll use money that not spare but money that allocated to other important things,

once you lose deep regrets follow, and that lose will keep chasing you, gamble more for fun and the money if in case you win is just an addition but not the focus of your gambling, much lesser the chance of addiction means you'll not going to lose more money.

kawetsriyanto

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Quote from: paxmao on July 14, 2021, 06:45:35 PM

For me, a reasonable gambling budget is 3 to 5% of my income,

3-5% of income to be the budget for gambling is reasonable and looks okay. You have made a good decision to set aside a quite small percentage of your income. I am sure, there are many other gamblers that have a bigger percentage of their income to be gambling budget. Wink

Quote from: paxmao on July 14, 2021, 06:45:35 PM

How do you plan your gambling or fun budget?

I have no certain amount of funds to be the gambling budget. I have no fixed schedule for gambling, I just gambling when I have funds and I am interested in the gambling game. So, I set my budget for gambling randomly, but I make sure it is still a proper amount of money for gambling. I mostly gamble for fun, not to achieve a certain target, so the gambling budget is easy to plan.

Topic: Your betting budget - page 15. (Read 4959 times)