Your betting budget - page 21. | Bitcointalksearch.org

johhnyUA

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Quote from: iv4n on July 16, 2021, 08:05:50 AM

I don't have a gambling budget! I know how much money I have and how much I can deposit for gambling purposes!

Isn't it the same things? The term of "budget" means some part of your money that you can spend on something (like gambling, shopping etc). So you know how much you have, and what part you can spend - this is the budget term
You sounds like "I don't have a budget, but i have a budget" Grin

traderethereum

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Quote from: aioc on July 16, 2021, 07:32:38 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?

Allocating is a big challenge just lucky I have a family to look after my allocation and see to it that I follow my allocation, I'm happy with that setup at least I am not going within my boundary, gamblers should set up a budget that they can follow or a family that can help them follow the allocation, it's all about knowing your limitation and not crossing your bondary.

Maybe learning about allocating some money every month will allow you to play gambling without disturbing the other things.
I really hope that your family can remind you to reduce the money you use in gambling because I am worried that you can someday break your limit.
Besides that, we never know how long we can control ourselves, especially if we win in the gambling games.
But if you always can control your emotion in gambling and know your limit, maybe that will be fine if you allocate some money to playing gambling.

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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.

iv4n

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I don't have a gambling budget! I know how much money I have and how much I can deposit for gambling purposes! The most important is the old saying "never gamble with more than you can afford to lose"! So when I deposit it's my gambling bankroll, and I can lose all in trying to make more and it would be fine! I will try next time! That next time can come sooner or later, but again I will deposit what I can afford to lose...
Gambling is entertainment and fun! If you have some money you can decide to go to a restaurant and spend all your money there... you will pay for food and drinks, you will have fun... and it's the same thing as with gambling, don't order expensive drinks and food if you don't have money to pay for it! Excessive enjoying in exclusive things cost a lot of money! It's the same when you are going to a casino, you spend money for fun and entertainment... with one little difference, you can actually win money..

So, just take care of how much you can spend without regretting doing that and you will be happy and fine for life!

suzanne5223

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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.

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Quote from: AverageGlabella on July 16, 2021, 07:39:45 AM

Quote from: aioc on July 16, 2021, 07:32:38 AM

Allocating is a big challenge just lucky I have a family to look after my allocation and see to it that I follow my allocation, I'm happy with that setup at least I am not going within my boundary, gamblers should set up a budget that they can follow or a family that can help them follow the allocation, it's all about knowing your limitation and not crossing your bondary.

I am not sure if I'm understanding you but your family gave you an allowance and you use that for gambling? Do they know that you are using it for gambling? If my family were giving me an allowance I would assume it would probably be for education or getting an house not for gambling.

I guess he/she having risk management when playing gambling, it depends on the player how they handle their money to gamble if you win it's just okay because you double up your money but if not its better to have good money management, also a good idea too telling to your family because sometimes we are having a bad time in gambling and its too hard to them to identify and comfort you why sometimes we got mad by that they have a responsible response.

Xinarae*

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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.

Beparanf

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Quote from: aioc on July 16, 2021, 07:32:38 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?

Allocating is a big challenge just lucky I have a family to look after my allocation and see to it that I follow my allocation, I'm happy with that setup at least I am not going within my boundary, gamblers should set up a budget that they can follow or a family that can help them follow the allocation, it's all about knowing your limitation and not crossing your bondary.

Wait a minute? You are letting your family budget your finance? How old are you dude? Are still a student? In adult life, There is no such thing as family control your finances unless you have a dominant wife that controls you but you not rely to others for your financial management. You should do it by yourself, self control and discipline is the key to become successful on this aspect of life because if you are fully depending to others that will limit you then what will gonna happened if they are gone and you live independently?

AverageGlabella

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Quote from: aioc on July 16, 2021, 07:32:38 AM

Allocating is a big challenge just lucky I have a family to look after my allocation and see to it that I follow my allocation, I'm happy with that setup at least I am not going within my boundary, gamblers should set up a budget that they can follow or a family that can help them follow the allocation, it's all about knowing your limitation and not crossing your bondary.

I am not sure if I'm understanding you but your family gave you an allowance and you use that for gambling? Do they know that you are using it for gambling? If my family were giving me an allowance I would assume it would probably be for education or getting an house not for gambling.

aioc

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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?

Allocating is a big challenge just lucky I have a family to look after my allocation and see to it that I follow my allocation, I'm happy with that setup at least I am not going within my boundary, gamblers should set up a budget that they can follow or a family that can help them follow the allocation, it's all about knowing your limitation and not crossing your bondary.

AverageGlabella

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I set aside $100 and usually collect the offers gambling sites do to maximize my earning potential. I do know people who spend over 50% of their wage gambling though. Remember that when it comes to getting mortgages gambling will go against your application so you have to make sure its controlled otherwise you could be rejected. Not just mortgages but it will affect your chance of getting any funding or loans if you require them for education etc.

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.

Its the same as trading except I would say its easier to get carried away with gambling imo since when you win you tend to win big where trading is usually a little more less lucrative.

Questat

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Quote from: carlisle1 on July 16, 2021, 06:13:32 AM

Quote from: swogerino on July 16, 2021, 01:37:30 AM

In order to have fun while gambling the first thing to do is limiting our daily, weekly or monthly budget for it and never crossing the line (depositing more to play more).I personally use a monthly bankroll and even if I lose it in a day I stay true to it and don't play until next month, this happens rarely when I play slot machines but when I play sport betting I usually make it to the end of month by betting small increments everyday in sport betting. In the end it all comes to how disciplined you are at managing your finances, there is no exact formula to this.

It's tough but if you can managed doing it then the chance of losing more money and getting addicted is not possible to happened,

Gambling is more enjoyable if you see the entertainment part alone and you are not after those huge amount that you need to keep on chasing when
you start your betting journey,

Setting your limitations and stick with it, you'll see yourself more been entertained and no harm will take effect that much.

it starts with yourself being responsible, if you cannot be responsible with a small amount then you'll surely lose control and might risk the money that you cannot afford anymore. Have you heard of people who borrowed money just to gamble, I call them desperate already and they are putting themselves into big trouble, let us not reach to that level, be in control all the time and stick with the budget.

Luzin

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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.

carlisle1

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Quote from: swogerino on July 16, 2021, 01:37:30 AM

In order to have fun while gambling the first thing to do is limiting our daily, weekly or monthly budget for it and never crossing the line (depositing more to play more).I personally use a monthly bankroll and even if I lose it in a day I stay true to it and don't play until next month, this happens rarely when I play slot machines but when I play sport betting I usually make it to the end of month by betting small increments everyday in sport betting. In the end it all comes to how disciplined you are at managing your finances, there is no exact formula to this.

It's tough but if you can managed doing it then the chance of losing more money and getting addicted is not possible to happened,

Gambling is more enjoyable if you see the entertainment part alone and you are not after those huge amount that you need to keep on chasing when
you start your betting journey,

Setting your limitations and stick with it, you'll see yourself more been entertained and no harm will take effect that much.

Saisher

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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.

peter0425

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I am allowed by My Wife to spare or risk all the funds i earn from my Bounty payments here and even those Airdrop that i joined .

So basically i have at least 60$ or more budget per week and if lucky i can use more than 300$ per gaming and that is enough if i want to completely enjoy my gaming.

But of course since i already completed to maintain my gambling addiction years ago? now i only play at least once a month.

KTChampions

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Quote from: swogerino on July 16, 2021, 01:37:30 AM

In order to have fun while gambling the first thing to do is limiting our daily,weekly or monthly budget for it and never crossing the line (depositing more to play more).I personally use a monthly bankroll and even if I lose it in a day I stay true to it and don't play until next month,this happens rarely when I play slot machines but when I play sport betting I usually make it to the end of month by betting small increments everyday in sport betting.In the end it all comes to how disciplined you are at managing your finances,there is no exact formula to this.

Great way! Apparently you are a very disciplined person, once you can endure a month if you lost gambling budget in one day. By the way, how do you manage your winnings? For example, if you won $ 300, can you continue to play on them or are they also limited to $ 100 (for convenience, I assumed that the budget is $ 100)?

Tessnik

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Am not a gambling fan so any time I gamble I just do it for fun, and I can only spend my leftover to gamble but can not budget any percentage of my salary to gamble.

dothebeats

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I don't really gamble that hard, only just to kill time and entertain myself for a bit. The max I can give myself to gamble is $100 every month, and that's just it. I only ever play dice and bet occasionally on sports that I really follow and big events on eSports that only happen every few months. So far I'm not really regretting anything that I'm spending on dice since it's a negligible amount from what I earn, and I make sure that I don't go over my allotted budget for the month. $20 per weekend on dice is already enough to keep me entertained for an hour or two, and afterwards I just go with my day as a normal person.

Tumanggor

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Setting a budget for gambling is important because we don't know what difficulties will befall us
don't use all your salary and savings even borrow money just to gamble, it will kill you slowly

I only allocate 30% of my monthly salary to play gambling (slots, dice, lottery and betting)
I mostly avoid borrowing money to gamble because I will have difficulty with the installment payments

Topic: Your betting budget - page 21. (Read 4971 times)