Your betting budget - page 18. | Bitcointalksearch.org

Saint-loup

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Quote from: BuNga_cute on July 18, 2021, 06:35:06 PM

Quote from: tippytoes on July 18, 2021, 04:59:04 PM

Quote from: KTChampions on July 18, 2021, 04:26:12 PM

I think that the chance to immediately turn 100 dollars into ten thousand in one bet with a large coefficient is much higher than a gradual increase from this amount. Another thing is that such a single bet is unlikely to satisfy a gambler's need for a game, most players like to enjoy the process itself.

Using 100 bucks in a single bet is a very risky one. Unless, you are very sure about the results of the game. I still prefer the gradual increase, at least I know, I can't lose $100 in one bet. Anyway, gamblers have different preferences when it comes to their game. Some want to enjoy their game so they will use those $100 in various matches or games. And you will be very lucky if you can get your $100 to even a thousand dollars.

For me the money of $100 is very big, so there is no way I can use $100 in one bet. I'm not ready to lose $100 in one bet, but for rich people
it's not a problem to spend $100 in one bet. I need to adjust my finances to the way I gamble, so I will use $100 in multiple bets. I'm also one of
those people who like to get profit gradually, It's true that a large bet amount can get a big profit too. But the risk is also greater, the conclusion is
that everyone has their own gambling style, I also wouldn't blame gamblers using $100 in one bet.

Why would you blame them? They don't ask you anything and they don't need your judgement. Moreover you're part of a pretty well paid campaign for a casino so you shouldn't be so poor if you are able to save some money from your bounties. Usually it's recommended to bet less than 10% of your bankroll in one single bet. It means you just need to get a 1000$ bankroll to be able to bet 100$ in one bet without being an "irresponsible gambler".

BuNga_cute

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Quote from: tippytoes on July 18, 2021, 04:59:04 PM

Quote from: KTChampions on July 18, 2021, 04:26:12 PM

Quote from: freedomgo on July 18, 2021, 04:14:38 PM

Definitely, you should be more careful if you are a small gambler, you don't have a lot of money so always be discipline to stay at the limit. Actually not setting your limit on your losses only, make sure you also limit your winning so you can end up with a profit if ever you are lucky, not because we are lucky we will not think of stopping anymore, it doesn't work that way as probability will always hit us in the end and we will lose.

Lastly, be realistic, don't think your $100 bankroll will turn into $10,000 in just a short period of time.

I think that the chance to immediately turn 100 dollars into ten thousand in one bet with a large coefficient is much higher than a gradual increase from this amount. Another thing is that such a single bet is unlikely to satisfy a gambler's need for a game, most players like to enjoy the process itself.

Using 100 bucks in a single bet is a very risky one. Unless, you are very sure about the results of the game. I still prefer the gradual increase, at least I know, I can't lose $100 in one bet. Anyway, gamblers have different preferences when it comes to their game. Some want to enjoy their game so they will use those $100 in various matches or games. And you will be very lucky if you can get your $100 to even a thousand dollars.

For me the money of $100 is very big, so there is no way I can use $100 in one bet. I'm not ready to lose $100 in one bet, but for rich people
it's not a problem to spend $100 in one bet. I need to adjust my finances to the way I gamble, so I will use $100 in multiple bets. I'm also one of
those people who like to get profit gradually, It's true that a large bet amount can get a big profit too. But the risk is also greater, the conclusion is
that everyone has their own gambling style, I also wouldn't blame gamblers using $100 in one bet.

Saint-loup

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Quote from: barota on July 17, 2021, 10:08:34 AM

some people are betting just for fun , there is sometime free money like bonus from casino little sums but just for fun because gambling is not good way for making money , the risk of gambling is ,for many people, gambling is harmless fun, but it can become a problem , because problem gambling is harmful to psychological and physical health. People who live with this always have those bad thing , You should not rely on gambling as a source of living

Gambling is harmful for the physical health? Huh

Where have you seen that please? What are your sources for such a bold statement? Moreover why are you promoting a gambling site if you think gambling is harmful to psychological and physical health as you say? I've never heard that gambling could be noxious to physical health and for the psychological part, if you have a good bankroll management there is no reason to get hurt. BTW how do you manage your betting budget as asked by the topic?

CryptocurencyKing

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I for one, I do ensure I'm very much aware of my spending too @OP. Not like I take the time you do in doing a complete check over my account and relate it to my expenses while, running allocations for the month ahead. What I do is rather different and more of quantifying stuffs in my head, making sure that there is enough or as much as needed cash to meet up with other needs or wants mean while, I ensure that the things i pay for or purchase are actually things that would be useful in the long run or things I needed for a purpose.

Gambling funds are merely considered because I don't do much of it lately. Each time I gamble, its just for the fun of it and often due to the fact that, I find myself at a spot where the gambling is been done but still, I stake with amounts that I don't have to think twice about if its lost. That way, my gambling is safe.

LUCKMCFLY

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Quote from: barota on July 17, 2021, 10:08:34 AM

some people are betting just for fun , there is sometime free money like bonus from casino little sums but just for fun because gambling is not good way for making money , the risk of gambling is ,for many people, gambling is harmless fun, but it can become a problem , because problem gambling is harmful to psychological and physical health. People who live with this always have those bad thing , You should not rely on gambling as a source of living

You are right, in fact I am one of the people who enjoys a lot about slots, I play them to be able to de-stress, but I really do not have much money to do it, I learned that to play I need to have a part of myself I go out to lose it, hence I do not allow myself to lose more.
When I lose it, that money does not hurt me, because I use it for fun, if I win then it is phenomenal. The control that must be had in the money must be the main thing that must be taken in ceunta, this to avoid falling into vice.

tippytoes

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Quote from: KTChampions on July 18, 2021, 04:26:12 PM

Quote from: freedomgo on July 18, 2021, 04:14:38 PM

Definitely, you should be more careful if you are a small gambler, you don't have a lot of money so always be discipline to stay at the limit. Actually not setting your limit on your losses only, make sure you also limit your winning so you can end up with a profit if ever you are lucky, not because we are lucky we will not think of stopping anymore, it doesn't work that way as probability will always hit us in the end and we will lose.

Lastly, be realistic, don't think your $100 bankroll will turn into $10,000 in just a short period of time.

I think that the chance to immediately turn 100 dollars into ten thousand in one bet with a large coefficient is much higher than a gradual increase from this amount. Another thing is that such a single bet is unlikely to satisfy a gambler's need for a game, most players like to enjoy the process itself.

Using 100 bucks in a single bet is a very risky one. Unless, you are very sure about the results of the game. I still prefer the gradual increase, at least I know, I can't lose $100 in one bet. Anyway, gamblers have different preferences when it comes to their game. Some want to enjoy their game so they will use those $100 in various matches or games. And you will be very lucky if you can get your $100 to even a thousand dollars.

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Quote from: KTChampions on July 18, 2021, 04:26:12 PM

Quote from: freedomgo on July 18, 2021, 04:14:38 PM

Definitely, you should be more careful if you are a small gambler, you don't have a lot of money so always be discipline to stay at the limit. Actually not setting your limit on your losses only, make sure you also limit your winning so you can end up with a profit if ever you are lucky, not because we are lucky we will not think of stopping anymore, it doesn't work that way as probability will always hit us in the end and we will lose.

Lastly, be realistic, don't think your $100 bankroll will turn into $10,000 in just a short period of time.

I think that the chance to immediately turn 100 dollars into ten thousand in one bet with a large coefficient is much higher than a gradual increase from this amount. Another thing is that such a single bet is unlikely to satisfy a gambler's need for a game, most players like to enjoy the process itself.

Agree with this.

Majority of players or gamblers would definitely be cherishing out their balance as long as possible but there are some who do really make out one all yolo bet and hoping for some big hits

but for sure they would really still continuing to play and believe that they would have the same luck as earlier until they do bust up.Something new? no its not and this is why

gambling business is profitable coz people doesnt really get easily contented on what they do earn not only in terms of money but also into the leisure that they do get.

KTChampions

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Quote from: freedomgo on July 18, 2021, 04:14:38 PM

Definitely, you should be more careful if you are a small gambler, you don't have a lot of money so always be discipline to stay at the limit. Actually not setting your limit on your losses only, make sure you also limit your winning so you can end up with a profit if ever you are lucky, not because we are lucky we will not think of stopping anymore, it doesn't work that way as probability will always hit us in the end and we will lose.

Lastly, be realistic, don't think your $100 bankroll will turn into $10,000 in just a short period of time.

I think that the chance to immediately turn 100 dollars into ten thousand in one bet with a large coefficient is much higher than a gradual increase from this amount. Another thing is that such a single bet is unlikely to satisfy a gambler's need for a game, most players like to enjoy the process itself.

freedomgo

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Quote from: worle1bm on July 18, 2021, 10:15:20 AM

Quote from: paxmao on July 14, 2021, 05:45:35 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?

I have set aside my gambling budget and I don't exceed that limit in any case as this is what I afford to lose without any financial burden.So this gambling budget varies depending on my expenditures for the month as miscellaneous expenses may rise sometimes and I cut my this budget to balance the equilibrium.Small gamblers can apply this strategy and always set their limits so as to avoid any further problems.

Definitely, you should be more careful if you are a small gambler, you don't have a lot of money so always be discipline to stay at the limit. Actually not setting your limit on your losses only, make sure you also limit your winning so you can end up with a profit if ever you are lucky, not because we are lucky we will not think of stopping anymore, it doesn't work that way as probability will always hit us in the end and we will lose.

Lastly, be realistic, don't think your $100 bankroll will turn into $10,000 in just a short period of time.

worle1bm

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Quote from: paxmao on July 14, 2021, 05:45:35 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?

I have set aside my gambling budget and I don't exceed that limit in any case as this is what I afford to lose without any financial burden.So this gambling budget varies depending on my expenditures for the month as miscellaneous expenses may rise sometimes and I cut my this budget to balance the equilibrium.Small gamblers can apply this strategy and always set their limits so as to avoid any further problems.

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Quote from: coin-investor on July 18, 2021, 08:38:01 AM

Quote from: paxmao on July 14, 2021, 05:45:35 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?

I only play on two gambling sites and I'm only allocating $100 on a weekly basis I guess playing a small amount makes you play safe and my being safe in my games makes me win may times so over the week I ended up with the same amount, and sometimes, if you don't allocate amount for gambling you will end up losing money by adding more, just follow your plan, whatever it takes.

Very true! just keep things according to your plan and never to exceed, stop thinking that after you lose there's
a chance that you can recover once you deposit another amount to use for your bankroll.

Better to accept that you lose and you need to quit, it saves you a lot, not just for the money but also with the possibilities of getting addicted.

Keep your budget intact and accept whatever happened, if you win then enjoyed your weekends if you lose then keep the fun Cool

coin-investor

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Quote from: paxmao on July 14, 2021, 05:45:35 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?

I only play on two gambling sites and I'm only allocating $100 on a weekly basis I guess playing a small amount makes you play safe and my being safe in my games makes me win may times so over the week I ended up with the same amount, and sometimes, if you don't allocate amount for gambling you will end up losing money by adding more, just follow your plan, whatever it takes.

KTChampions

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Quote from: Vaskiy on July 17, 2021, 05:18:26 PM

Myself too does the same, but this went out of my control. As a result I've lost big depositing and gambling. This way I was in big debt and now I'm feeling bad for what I've done. I've shared my story on a separate post Be a Responsible Gambler. Even after this incident I keep on losing every week what I earn from campaign. Cry

Oh, this is sad. I hope your losses are limited only to earnings from the signature campaign now. What game do you prefer to play? Maybe you should install a casino simulator and play for free, maybe this will help you quell your passion for gambling and you will start saving at least what you earn from a signature campaign?

UmerIdrees

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Quote from: paxmao on July 14, 2021, 05:45:35 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?

If you do not want to lose a lot of money in gambling, then you should make a budget and keep it apart for gambling. This way you will only lose the amount you set aside from gambling. Many people don't do this and keep on spending more and more in gambling.

rodskee

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Quote from: Dread Pirate Roberts on July 18, 2021, 01:24:00 AM

Quote from: Luzin on July 16, 2021, 06:50:22 AM

Emotional control of the soul is very difficult

This is what is in our minds sometimes we want to immediately want to get back or get more straight away. and immediately leave the basics that we actually know. like don't cross the limit. don't be greedy. these things are sometimes just thrown away because of that feeling. one must be able to think calmer and better before do any silly act. self-awareness is required.

That's Greediness , In other term expressed , Emotional Control of the Soul Grin

That is your desire to Win easily when the right way is to work or at least do business and take time to grow .

But gamblers find it more easy to Gamble though they don't realized that the more they are seeking for easy money is the more they are dropping low to lose and take long to achieve their objectives.

Quote from: Eureka_07 on July 17, 2021, 03:58:17 PM

I use my funds that came from signature campaigns, preferably, I'm waiting for my balance to reach my minimum preferred balance before starting to play on amy casino. There were just few times in which I'll make some deposits from which aren't awarder from bitcointalk.

That is good, for sure you have regular work right? because if not and your only earning is that Signature payments yet you gambled it then you are literally addicted in such way.

Dread Pirate Roberts

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Quote from: Luzin on July 16, 2021, 06:50:22 AM

Emotional control of the soul is very difficult

This is what is in our minds sometimes we want to immediately want to get back or get more straight away. and immediately leave the basics that we actually know. like don't cross the limit. don't be greedy. these things are sometimes just thrown away because of that feeling. one must be able to think calmer and better before do any silly act. self-awareness is required.

newwest

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Each month I transfer a certain amount to the site and that is the top limit for me. If on the first day itself I lose that amount then no more of games to be played etc as that is the max amount for me. If I make profit during the month then some amount I withdrew and carry over the rest of the profit to next month and as well ad the amount for that month so have little more to pay with. Do not get carried away with wins/losses is what I have being following.

lienfaye

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Quote from: paxmao on July 14, 2021, 05:45:35 PM

How do you plan your gambling or fun budget?

I always prioritize the needs first. Usually I list the needed budget every payday and the expenses for the whole month. I always allocate the 20% (or higher) of my money for savings and whats left is my budget for anything I want to spend it.

What I always use when I gamble is a spare money, meaning to say the money that I can afford to lose. But most often when I only want to kill time, using the free satoshis of the site where im playing is already enough just to entertain myself.

For me its best to set limit on how much money are you willing to spend in gambling. Its hard to control ourselves when playing especially if the situation is getting intense but if we have discipline, self control wont be that hard.

traderethereum

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Quote from: Fredomago on July 17, 2021, 03:29:46 AM

Quote from: traderethereum on July 16, 2021, 11:31:14 PM

Quote from: Vaskiy on July 16, 2021, 06:56:42 PM

My earning isn't regular and the earnings I make isn't big. This makes me go try for multiplying what I have in the wallet. Probably I start with the minimal allocation of $10, but this never gets stopped by the point. The gambling gets stopped once the Wallet gets emptied. This way I used to end gambling for the while and I don't have self control.

It is difficult to use multiplying to increase the money by winning the games as we know that will depend on our luck.
But that could be the way for us to make money as long as we know when to stop.
Maybe you can try to change for $10 to be the maximal allocation to gamble so you will not have to add more money to continue gambling because I am afraid that can attract you to deposit more if you lose all of the $10.
Learning self-control will be necessary for a gambler because that can help him to stop gambling and not trying to deposit more money.

And what's next if you managed to increase your $10? without any limitation with your gambling activities, there's none waiting for you.

Always best to have good target when you are playing the game, though your budget is not that high and if you can stop after losing it and you have no plans to deposit larger amount, that's already a good way to start balancing your goals.

Most of the time, those gamblers who are good with small earnings managed to exit the house with a much better enjoyment, than those who are greed who keeps regretting and keep asking those "what if'" Just saying Grin

Just stop gambling if you can increase your $10 because the next round will not always be your lucky.
That is why limitations will always be necessary for gambling to know when to stop gambling and prevent addiction.
We can prevent a deposit of a larger amount with limitations because that will be a high risk that we will face.
We know how to enjoy gambling without using a large amount because our luck will come with a small amount.

magneto

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Quote from: paxmao on July 14, 2021, 05:45:35 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?

This is really good if you are looking to gamble at all.

You need to look at gambling as an expense that you are willing to pay - much like entertainment. In fact, it is a form of entertainment that you pay through incurring negative EV on casino run games.

I personally allocate somewhere closer to 2-3% and consolidate that with the rest of my entertainment expenses (subscriptions, etc.). Definitely not anywhere near the double digit percentages that a lot of other people seem to be working with.

Topic: Your betting budget - page 18. (Read 4966 times)