Your betting budget - page 19. | Bitcointalksearch.org

btc78

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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?

Have you created a Ledger in every details of your Incoming and outgoing finances mate? because this is what My Wife does for our monthly funds flow.

She is the one who's making the recording and Deciding how much She will allow me to use for gambling, and i respect Her so much for this because at least I know that even if i lose , there is only small part of our funds that goes with the gambling operator and also this made me become disciplined gamblers because of My wife's help for letting me understand everything and telling me that this is all for our family.

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

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.

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.

Controlling ourselves is the hardest thing in gambling. Even if we set our budget/limit before start gambling, we may jump into a situation when we cant control ourselves. It is a human nature if you ask me, greed is something that hard to control but if gambling turns you into a big debt then you did it really wrong.

Quote

Even after this incident I keep on losing every week what I earn from campaign. Cry

Why dont you learn from your own experience? I think you need to find someone to help you as it seems you are addicted already as you cant even stop after you were in a big debt because of gambling.

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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.

i think the whole point of making a budget for gambling is to not regret anything, i think the amount that a person should gamble with is the amount that he can lose and not regret gambling with it afterwards.

Vaskiy

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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.

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

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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.

How much is your preferred minimum balance from your campaign earnings? Don't you feel bad that after you've participated for a week or two then you'll be using that minimum amount from your campaign? I think that the minimum amount you've been spending isn't that much because if so, you won't have anything left from your weekly or two participation.

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 ,

We always hear that it's not good for making money but let's just embrace those gamblers that have the talent and made it their source of living. Well, it's a good strategy if you're always using those bonuses from the casino but they can't just have it forever.

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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.

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Quote from: Johnyz on July 17, 2021, 03:10:20 PM

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

They are maximizing the free money they get from for free and that’s fine as long as they didn’t go beyond their limit because gambling can become more expensive at your side if you’re seeking for too much fun, its addicting.

Anyway, budgeting is one my top priority and with regards to gambling capital, I don’t always have budget on this but sometimes if I get extra money on that month, I tried to play and later on regret it because of being greedy. Due to this pandemic, I limit myself up to $100 only if I have the extra.

$100 dollar, is that for per every session?

For me, I'm more into bankroll budgeting, so I can put up to $1000 and it will already last for several days if unlucky but I would be able to withdraw some profit if I'm lucky, so the point is, I stick with my max bankroll and I'm just like getting an interest if I have some lucky days. Also, I carefully choose my game and I am so disciplined with the amount per bet, I remain conservative so the enjoyment will last longer.

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Quote from: Johnyz on July 17, 2021, 03:10:20 PM

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

They are maximizing the free money they get from for free and that’s fine as long as they didn’t go beyond their limit because gambling can become more expensive at your side if you’re seeking for too much fun, its addicting.

Anyway, budgeting is one my top priority and with regards to gambling capital, I don’t always have budget on this but sometimes if I get extra money on that month, I tried to play and later on regret it because of being greedy. Due to this pandemic, I limit myself up to $100 only if I have the extra.

When greed hits me then my self awareness do really always remind me on that i do have a family to eat and need up something to live in a comfortable life and thats the time
i do completely stop and dont intend to spend more beyond the limit or budget and i have been into this situation for several times on where i do need to stop mid way
because when you do really get impulsive then you would really be out of your mind and in result you would really be betting like theres no tomorrow.
Anything should be on budget specially with finances because you wouldnt know if you would earn money or not in tomorrows time.

Johnyz

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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

They are maximizing the free money they get from for free and that’s fine as long as they didn’t go beyond their limit because gambling can become more expensive at your side if you’re seeking for too much fun, its addicting.

Anyway, budgeting is one my top priority and with regards to gambling capital, I don’t always have budget on this but sometimes if I get extra money on that month, I tried to play and later on regret it because of being greedy. Due to this pandemic, I limit myself up to $100 only if I have the extra.

Slow death

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I did the following each month I used to withdraw some of the money I trade and then the profits I invested in my bankroll until I had enough bankroll so I didn't have to put any more money out of the trade after I started. Seeing that the profits were already good I started making withdrawals, every time the leagues take a break I don't place bets and withdraw my money and I honestly feel happy that I bought things with my profits, losing money Is something bad I know that gambling should be seen as fun, but even so you shouldn't just be losing money

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Quote from: iTradeChips on July 17, 2021, 06:32:43 AM

I usually put like maybe almost half of my bounty earnings per month into betting, of course on multiple bets. But I do it not all the time not all monthly of course. If I lose then I should wait for the next pay, but of course it will not be always on gambling and betting as I also use my earnings to buy more Bitcoin when price is cheaper. It is better to buy more crypto than bet always. Besides we can bet more once we get more money out of our crypto profits.

When I first tried to invest in cryptocurrency i am afraid I mean I made my own research before I put any principal amount of course but there are something that holds me back to not push my investment but luckily I made a whole decision of mine and start my first journey to become a first timer investor and I didn't regret it after all. This is for me the first step towards a more investment in crypto and yeah as of this time i am betting for about more than my initial investment and hopefully this time i am planning to put a lot of eggs in a few basket which I have check the project and found it good for investment.

barota

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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

YuginKadoya

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I am setting up a budget if I have an extra and when it comes to Sportsbet for example UFC I tend to bet for all picks that I think will win in an equal manner most of the time all picks will be 0.0003 BTC if I just have a small budget to spare but oftentimes if I have plenty of budget for every picks I just go with 0.00063 BTC every picks that I think may win, well this budget is sometimes random depends on how much money I got and I will divide it equally with the picks I think would win,

But in my opinion, only bet if you got an extra amount with you, sometimes I don't really bet at all if there are many bills and something happens and we needed money for that certain stuff, I suggest being a responsible gambler for you and your families sake.

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Quote from: iTradeChips on July 17, 2021, 06:32:43 AM

I usually put like maybe almost half of my bounty earnings per month into betting, of course on multiple bets. But I do it not all the time not all monthly of course. If I lose then I should wait for the next pay, but of course it will not be always on gambling and betting as I also use my earnings to buy more Bitcoin when price is cheaper. It is better to buy more crypto than bet always. Besides we can bet more once we get more money out of our crypto profits.

I only do bet whenever I have gain some profit in trading or when I'm feeling lucky. Whenever I play I make sure to still left some in the casino enough to try small bets and to know whether I'm feeling lucky whenever I play. The only left money is enough for some play time since its not advisable to left money in my casino if we know we're not playing actively or everyday.

iTradeChips

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I usually put like maybe almost half of my bounty earnings per month into betting, of course on multiple bets. But I do it not all the time not all monthly of course. If I lose then I should wait for the next pay, but of course it will not be always on gambling and betting as I also use my earnings to buy more Bitcoin when price is cheaper. It is better to buy more crypto than bet always. Besides we can bet more once we get more money out of our crypto profits.

Ratash

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Yes this i like the way you divide your gambling income i too do not use more than 10% of the incomes to gambling but the % depend on how much you earn monthly if you are in a comfort situation i guess you can spend some extra money plus you have a chance of winning money plus some people has a gambling hobby.

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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?

It sounds like you are much more responsible with your finances than most people and are able to organise a budget before all else. I think it's a good idea to keep your budget below 5% and ideally get to the point where you are able to cover any expenses from previous wins - however this will depend on whether you are trying to win (e.g. poker or sportsbet) or just doing it for a thrill (e.g. slot machines).

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Quote from: KTChampions on July 17, 2021, 04:14:30 AM

Quote from: ?? on ??

This will work for the mature gamblers who can follow their plan very well, but newbies or those who play if they have money and have no control or plan on how they are going to play I don't think they can follow it up, it's like a new year resolution that will likely to be broken, again and again, practice self-control first before setting up your budget, it will definitely you in your playing and glad that you set up a plan.

You underestimate people Wink

If things were as bad as you describe most newbies would lose all their money at once and end up in debt or some bad situation. But in fact, such cases make up a small percentage of the number of newbie gamblers, since they still understand what they are dealing with even if they did not have gambling experience.

This. It's like we're underestimating the level of knowledge people have. At this point, it's like you're saying everyone who starts at the beginning shouldn't make up a plan since they can't follow it anyway, which is a stupid argument ngl. Practice self-control before setting up your budget? The budget IS self-control. It controls you to spend only that amount, why would you not set it up saying that they won't follow it, yet say to practice self-control.

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Quote from: ?? on ??

This will work for the mature gamblers who can follow their plan very well, but newbies or those who play if they have money and have no control or plan on how they are going to play I don't think they can follow it up, it's like a new year resolution that will likely to be broken, again and again, practice self-control first before setting up your budget, it will definitely you in your playing and glad that you set up a plan.

You underestimate people Wink

If things were as bad as you describe most newbies would lose all their money at once and end up in debt or some bad situation. But in fact, such cases make up a small percentage of the number of newbie gamblers, since they still understand what they are dealing with even if they did not have gambling experience.

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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

Topic: Your betting budget - page 19. (Read 4966 times)