Your betting budget - page 20. | Bitcointalksearch.org

kotajikikox

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Quote from: madnessteat on July 15, 2021, 08:04:59 AM

My gambling budget depends on how many times a month I visit an online casino. For me, it is enough to visit a gambling site once or twice a month, but sometimes it happens that I just do not manage to visit it. The main restriction that I set for myself is a deposit of no more than $100.

That only means you are not a typical gambler and you can completely control your self from betting .

Imagine that you can visit no gambling site for month ? when we as gamblers surely need to Place a bet at least once a week depend on our capacity to spend money?

But good to hear that and please continue that behavior mate , that will bring bright to your life by not losing too much money .

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Quote from: Mahanton on July 16, 2021, 04:53:24 PM

Quote from: arwin100 on July 16, 2021, 08:09:06 AM

Quote from: suzanne5223 on July 16, 2021, 08:01:35 AM

Yes, emotional control of the soul is difficult but can still be control when it comes to gambling and before anyone can be good in funds management in gambling and emotion control such gambler need to fully understand the major concept of gambling and can follow the steps of gambling profitably because nothing is promised in gambling.

One of the method is quite effective to do is to deposit only the amount we want to use for gambling and never deposit any extra or bigger the amount we can afford to lose since this could start the dilemma for us since once we are losing we choose to gamble more to think that we can recover our money, and by having fix amount we can control ourselves not to get hook to much or try to bet more if our balance already gone in the day. Although there's no promise to earn in gambling still its good to see that we are winning but we really need proper discipline so that we can possibly take home some cash if we win.

Easy to say but majority of people do really fail on this one because they intently to make deposit even more because its neither they are trying to break even their losses or theyre hoping for getting some big hit
and then stop and this had been always a common issue or behavior of most people.We are making out some budget on our mind about our finances on doing gambling but when you are already on the actual
situation then things change and would really be forgotten, until you do realize that you had spent out that much on that particular day. In result on having this kind of behavior?
Sooner or later, you would be finding yourself in the streets because you sold out everything because of your gambling addiction.

You make a point. Before gambling people always make decisions about the fund to gamble but when the gambling spirit takes over, they are deemed to make another decision which I considered to be not taking the steps to gamble profitably.
Gambler need to understand himself and level he can gamble. It is just like crypto trading, a trader that doesn't have the capacity to day trade will make losses if she day trade.

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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.

Rajamuda

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

How do you plan your gambling or fun budget?

Each of us certainly has different family situations and conditions and must adapt to financial conditions. basically, of course, we have to be able to manage it well, and for me personally, because I'm not a rich person.. gambling is a side that is not so important and like a small-time gap to fill my spare time, I set aside only a small part and sometimes I just collect the balance from free, it is like more tended on just for fun in certain sites.

Oceat

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Quote from: Rengga Jati on July 16, 2021, 06:43:34 PM

No more than 25% of the payment of this campaign every week, using it for playing and getting profit, once lost, should wait until the next.
I know this may be too stingy with myself to spend money to play here even though the campaign pay. But this is what I can take the risks.
Because gambling will change to addiction as long as we cannot control ourselves and manage it because we will feel less likely to play.

You might have to reconsider your choices if that's the case because we never know when we will gonna need the money to use for emergency. So in my case it's just the same as the other because I play randomly in a week or two depending on how much money that I have left that's ready to spend on gambling.

But keep in mind that to always make a back up plan in case you needed money because that's the time you really need the money you spent when it's all gone. So think carefully on how do you spend your money.

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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.

Rengga Jati

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No more than 25% of the payment of this campaign every week, using it for playing and getting profit, once lost, should wait until the next.
I know this may be too stingy with myself to spend money to play here even though the campaign pay. But this is what I can take the risks.
Because gambling will change to addiction as long as we cannot control ourselves and manage it because we will feel less likely to play.

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Quote from: Hippocrypto on July 16, 2021, 05:58:45 PM

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 can't plan to bet a money that's out of my main job's earning, that feels so bad to loss a hard earned money compared to a money from bounties or airdrop. Budgeting is needed for us to prevent sudden loss of funds, you don't know one day you'll be suffering from financial struggles if you treat gambling so serious. This shouldn't be a priority, but rather consider it as a second options in life.

Not that really bad on spending but it would be a good thing if you dont really touch at all with those money you earned from day job.Dont go above your expenses because

that would really be a big problem if financial budget is out of control. Spend only on the amount you can or willing to lose and mind of that you are paying for entertainment in gambling.

Winning is just a bonus when you are lucky but if you do lost then call it a day.

Wawa2013

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Quote from: Hippocrypto on July 16, 2021, 05:58:45 PM

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 can't plan to bet a money that's out of my main job's earning, that feels so bad to loss a hard earned money compared to a money from bounties or airdrop. Budgeting is needed for us to prevent sudden loss of funds, you don't know one day you'll be suffering from financial struggles if you treat gambling so serious. This shouldn't be a priority, but rather consider it as a second options in life.

I agree it's better not to make gambling a priority in life, gambling is supposed to be an activity to seek entertainment. So the budget that we provide
must come from the extra money we have or it could be money from bounties or airdrops. Because playing gambling the possibility of us losing
money is very large, even when I play gambling, I always lose more than the profits I get. Usually I set aside about 10% of the income I have every
month for gambling. If we do not limit our budget for gambling there is a possibility that in the future we will experience financial difficulties,
because playing too much gambling can cause addiction. If we are addicted to gambling then our finances are in trouble and our lives can fall apart.

Hippocrypto

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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 can't plan to bet a money that's out of my main job's earning, that feels so bad to loss a hard earned money compared to a money from bounties or airdrop. Budgeting is needed for us to prevent sudden loss of funds, you don't know one day you'll be suffering from financial struggles if you treat gambling so serious. This shouldn't be a priority, but rather consider it as a second options in life.

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Quote from: acener on July 16, 2021, 03:13:08 PM

My betting budget would depend on how much money I have left after prioritizing my family needs and also my plans on my excess money.
If I have plans to buy something I would surely spend little amount on the things that isn't necessary to me and my family.
So to be clear my betting budget or gambling budget is random depending on the situation.

That's very responsible of you.
You only gamble if there's anything left from your money after you've spent it for important things for your family. Well, I guess we have similarity in that kind of decision.

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Quote from: Russlenat on July 16, 2021, 04:56:19 PM

Quote from: goinmerry on July 16, 2021, 04:22:22 PM

^[snip]

You can still set a budget though, and that is by setting up your bankroll, let's say you budget your bankroll for a week, win or lose you'll withdraw the money if there's still left and start a new bankroll again for the next week. Well, what's only important is you know what you are doing, and you will be able to follow your game plan and be discipline as well.

Well, speaking of the game plan that is good in gambling and you are right, I thought --only in trading that has gambling, it will perhaps be the same on the gambling. No matter how much you will be a gamble as long as you can afford it. Before when I was gambling, my habit ng gambling was an increase, and almost every day I wanted to go out. But now it is totally different, the pandemic was tech me how to save money because I proved that there is no real friend when you get down so I decided to limit my gambling. Perhaps 10-20% was in gambling during per session;

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Quote from: goinmerry on July 16, 2021, 04:22:22 PM

Not used to set a specific budget for any of my gambling sessions as I know it won't follow.

It's hard and difficult to follow since the urge of doing gambling is always there even when winning or losing a streak. Winning, because we don't want to waste the opportunity that we are feeling lucky and losing, because we want to chase losses even bit by bit.

What I'm doing is to set a minimum bet, whatever the gambling type, so that the bankroll is properly managed.

You can still set a budget though, and that is by setting up your bankroll, let's say you budget your bankroll for a week, win or lose you'll withdraw the money if there's still left and start a new bankroll again for the next week. Well, what's only important is you know what you are doing, and you will be able to follow your game plan and be discipline as well.

Mahanton

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Quote from: arwin100 on July 16, 2021, 08:09:06 AM

Quote from: suzanne5223 on July 16, 2021, 08:01:35 AM

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

Quote from: Saisher on July 16, 2021, 06:07:28 AM

Sometimes I lose control of my allocation still lucky that the additional allocation that I added is not that huge not huge to make me feel depressed I am trying to control adding beyond my allocation because if this continues I will have financial problems later, I guess we all have this kind of issue and we need to be tough enough to fight this.

Emotional control of the soul is very difficult. Almost similar to trading. We must have good management and control of emotions. If not then all you have can run out. I've played on one site even I can make my money twice as much. But the next day because I didn't have good fund management and emotional control my money ran out. But I have no regrets and some days I visited several sites to play with cold funds.

Yes, emotional control of the soul is difficult but can still be control when it comes to gambling and before anyone can be good in funds management in gambling and emotion control such gambler need to fully understand the major concept of gambling and can follow the steps of gambling profitably because nothing is promised in gambling.

One of the method is quite effective to do is to deposit only the amount we want to use for gambling and never deposit any extra or bigger the amount we can afford to lose since this could start the dilemma for us since once we are losing we choose to gamble more to think that we can recover our money, and by having fix amount we can control ourselves not to get hook to much or try to bet more if our balance already gone in the day. Although there's no promise to earn in gambling still its good to see that we are winning but we really need proper discipline so that we can possibly take home some cash if we win.

Easy to say but majority of people do really fail on this one because they intently to make deposit even more because its neither they are trying to break even their losses or theyre hoping for getting some big hit
and then stop and this had been always a common issue or behavior of most people.We are making out some budget on our mind about our finances on doing gambling but when you are already on the actual
situation then things change and would really be forgotten, until you do realize that you had spent out that much on that particular day. In result on having this kind of behavior?
Sooner or later, you would be finding yourself in the streets because you sold out everything because of your gambling addiction.

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Quote from: goinmerry on July 16, 2021, 04:22:22 PM

What I'm doing is to set a minimum bet, whatever the gambling type, so that the bankroll is properly managed.

I didn't get this moment: how your bankroll can be properly managed, if you know only a minimum bet? For example, your minimum bet can be 10 dollars, but full bet and your all bankroll can be like all you monthly income, or all your savings )))

Maybe I have understood something wrong. Clarify please.

goinmerry

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Not used to set a specific budget for any of my gambling sessions as I know it won't follow.

It's hard and difficult to follow since the urge of doing gambling is always there even when winning or losing a streak. Winning, because we don't want to waste the opportunity that we are feeling lucky and losing, because we want to chase losses even bit by bit.

What I'm doing is to set a minimum bet, whatever the gambling type, so that the bankroll is properly managed.

AhmadM

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

How do you plan your gambling or fun budget?

Having such detailed budgets for purposes of gambling is a good way to prevent someone lost control or overspend on it, everyone has each plan on how much money they are able to spend in a casino. As for me, I don't have such detailed plans as you mostly just random amounts around $50 each month and of course its my spare money so I wouldn't regret it if lost them all.

acener

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My betting budget would depend on how much money I have left after prioritizing my family needs and also my plans on my excess money.
If I have plans to buy something I would surely spend little amount on the things that isn't necessary to me and my family.
So to be clear my betting budget or gambling budget is random depending on the situation.

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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?

3% - 5% sounds like a decent amount of money for gambling. I guess you are already good at having a control on your finances.
It's actually good to have a tight budget for everything except investments. I read somewhere where they said we should invest lavishly and spend expenses like a beggar.
I do occasional gambling which means I gamble only when I have enough money to lose.
Now everyone would be like we never have enough money to lose but that's where the 'financial control' plays a major role.
Instead of gambling with what we have and then depositing more to gamble we should already allocate a tight budget for gambling and not deposit more than that.
I deposit this amount only when I have enough budget for gambling.

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Quote from: Xinarae* on July 16, 2021, 07:44:27 AM

Just as you have probably budgeted for all the other money in your life, you need to budget in the same way for casino gaming for any kind of entertainment. The wise idea of taking some time to sit and get out is how comfortable you can spend each week or month so that you don’t spend extra money or accidentally cut money which means spending it on something else. Remember that there is always a chance that you may lose money deposited in any online casino to play with so budget only for the amount you know you are comfortable losing.

I admire the people that can budget their money when it comes to gambling and stop altogether when the budget for the day or the week was already spent. I have a hard time doing that but it's not bad at all that I don't have a budget since I sometimes win something big and when I do, I immediately quit playing to enjoy my wins.

Topic: Your betting budget - page 20. (Read 4966 times)