Topic: Your betting budget - page 24. (Read 4971 times)
On my part, I usually gamble like $10-$20 on slots machines. But on sport bet, it's usually $10 or less per match depending on the game and players or teams involved. So no fixed budget, there will be time that I wouldn't bet on a week or two, and then goes on a weekend bet sparingly. So I guess it's different for every gamblers here, still based on their preference on what game they choose, i.e. slots, card games, dice, and sports betting.
When dogecoin was cheap, my usual bet was 1 dogecoin. I dont gamble to win, I just gamble to get emotions. Playing with play money does not give it, but loosing $5-20 in "cheap dogecoin" on a weekend game session in slots was a real joy for me.
Previously, I have had tokens on Betfury.io that gave me around $1-1.5 daily through staking. That was enough to play for on Friday evening for half an hour. I would say that my betting budget is <$20 weekly. But I must add that I dont gamble regularly.
Previously, I have had tokens on Betfury.io that gave me around $1-1.5 daily through staking. That was enough to play for on Friday evening for half an hour. I would say that my betting budget is <$20 weekly. But I must add that I dont gamble regularly.
Same as others, no budget whatsoever, I just play money that I can afford to lose simply as that. Maybe for some who are really addicted, maybe their whole salary or paycheck, or there could be signature participants who spend their weekly pay on gambling/sports betting. But for me not the case, if I feel that I wanted to gamble, probably just a few satoshi's to bet let's say NBA games to make it more exciting watching the game with some friends.
so far I only spend about $ 20 / week or about $ 80 per month to do gambling and usually I put that budget aside from my salary so far, and if I win at gambling I usually use the profits back for games so that I no longer need to set aside money from my salary in the future, gambling games in my opinion are only limited to mere pleasure but still we must be able to manage the financial situation so as not to experience a crisis in the end.
If you are already a Knowledgeable Gambler then you can easily answer this because you knew how to evaluate your gambling activities and your gambling expenses .
For me i only Budgeting myself at least 100-300$ per month depend on my Salary and depend on my Mood when playing .
I know only Play at least once or twice a week unless i have no plenty of time to spend.
For me i only Budgeting myself at least 100-300$ per month depend on my Salary and depend on my Mood when playing .
I know only Play at least once or twice a week unless i have no plenty of time to spend.
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 also try to control my finances each month and take away some funds for gambling and betting. Since the corona pandemic I reduced my gambling budget to only $30 each month. I need to save more money in case I get the virus or have to stay home for quarantine a long time. It is not a lot to gamble, but I tend to save every winnings. So my bankroll is growing each month. For poker I have a separate budget I put in $20 each month.
I'm just trying to play gambling with an extra amount of money that I'm willing to spend all day long just to play gambling. I just have a 5k USD to enjoy my leisure time, quite a small amount to others but it's the only one I can afford. When I think I already lose a lot of games I tried to stop in a meantime it's too hard to play when exhausted. Sometimes I didn't lose all those pocket money, when I have a good day and winning already still I limit my self, I just seek fun and entertain myself and not just having a whole day and make gambling a job. Always gambling responsibly.
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Some gamblers like to be in control of their budget but gambling can disrupt that for them during addiction, that is why it is not good to be addicted to gambling. Reading the OP, I noticed you are not a gambling addict, this makes you to be in control of your weekly/monthly income, I too is just like that. Although, I was an addict before, but bygone now.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.
Why? You did not mention in amount but in percentage. If you are collecting $100, you use 5% to gamble monthly, that is $5. But if you see $1000 as a surprise in another month, you still use 5% to gamble, that is $50. So if your weekly/monthly income increased, the money you use to gamble will also still increase. I do not think any increment is necessary or maybe this is what you meant.How do you plan your gambling or fun budget?
I prefer to use 2% to 5%, it depends on the weekly income. If the income is very high, I use 2% but if the income is low, I use 5% in such a way almost the same amount is used to gamble. I do not increase my gambling amount like that as it is not necessary. 
I always reserve some certain amount of money monthly for betting budgeted from my monthly expences which would not affect my livelihhod ,of course I only gamble with small percent of the amount i.e the amount of money I can afford to lose, I only involve in soccer bettings thus I have the opportunity to play parley or accumulate my odds betting with a small amount of money in a bid to win big, I strictly followed my budget with discipline to avoid being addicted to betting after a losing streak I wil wait till the next month and start all over I play betting for fun as a soccer fan I can easily predict matches.
I do not have a specific amount to gamble but that should less than $30 and do not use any percentage because I already set a range of the amount of the money to gamble.
That amount can change, especially if I still have some money in my account to not have to deposit more just to gamble.
Sometimes, I do not gamble in a week but on the other days, I can gamble 2-3 times a week and that is okay for me.
We need to manage our money and know how much money we will use to gamble because that can disturb our daily needs.
That amount can change, especially if I still have some money in my account to not have to deposit more just to gamble.
Sometimes, I do not gamble in a week but on the other days, I can gamble 2-3 times a week and that is okay for me.
We need to manage our money and know how much money we will use to gamble because that can disturb our daily needs.
I don't have a specific budget on how much to use for gambling, I will only use the money to gamble if all my main needs have been met for that month and the rest will be used for gambling, but surely there is money use for gamble every month, only the percentage is not always the same will change based on rest money I have.
How do you plan your gambling or fun budget?
@paxmao, Of course people's minds are not all the same, they have their own principles and ways of managing a budget, be it in winning gambling or vice versa, what you do is the best for yourself.Of course, if you talk about the money that is earned in gambling, I play gambling, none of my family knows and I never set aside money from gambling winnings for the needs of my family, Instead I spend gambling money for my own luxuries and for me, I never set aside a percentage for it, it's just, for example: I won $300/20% I left it in the gambling site account, the rest I peeled all for fun.
Of course: other people have different ways of managing money from gambling results.
Gambling has always been and would remain a fun game for so I don't necessarily need to budget for it I gamble after I have made my necessary expenses what ever is left is channeled to gambling still having a little reserve for feeding until I'm able to win a game then the cycle continues although it's not really a difficult task for me because I keep my winnings very achievable there by reducing my greed and quest for fast money
I try to set it to $100 every session, also depends on whether I actually have much money or not, but it tends to roam around there and not exceed $150. Small, yes, but hey I only play to enjoy sometimes, not really to earn hence why I'm pretty satisfied with it. Don't plan to increase it even if I do get some more sources of income since that would just result in me increasing it every time. If I ever win, I tend to use it to fill out the $100, instead of adding it to the original $100 so I can save up more for whatever stuff I actually need, and not for playing. So yep, strictly $100 and I tend to stretch that out for a month if I could.
I personally don't have a fixed budget because sometimes, I make low deposits but then I can still continue to bet with that money with the resulting profits. So that way, I personally do not have budget management because usually I will only gamble according to my wishes without any coercion, if a budget is needed every month then it is better for me to leave gambling because then there will be no fun that I can get in gambling.
I plan my gambling budget Every month and set aside 5a% of my income for it's very purpose except on special occasions where I have limited expenses or maybe I had more than my usual salary I might decide to increase my budget. if I draft a budget for gambling i ensure I don't exust all in a single game. I carefully divide my funds and ensure it can serve me throughout the month so I can gamble as often as I want and once it's exusted I wait till the next month
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.
It is easier to have a betting budget that you can be disciplined enough stick to when you are not a compulsive gambler, but someone who just gambles for fun. For some others, gambling has become an occupation for them, while others have become addicted and can no longer control or put under the budget an amount for gambling.
Also people are different in nature, some can easily control a habit even if they start, some can decide to just quit a habit they already have, while others even if they start small and under control cannot maintain the control over the habit for a long time.
So you may see someone who originally had a budget for gambling but he/she no longer does because he can no longer maintain the discipline to gamble responsibly under a budget.
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 learn my lessons now mate , In the past i deposit almost half of my monthly workpays for gambling and care nothing if this will grow or now but what's important for me is the feeling of gambling.But now? i only allocate my Signature campaign payment for my weekly activities in gambling , if my capital earns 30-50% then i will take them out and will continue playing , every same percentage will be withdrawn until my capital totally loss or at least when i felt like stopping.
in that way sometimes i earn more than 200% of my capital but sometimes end up losing everything for short period of time.
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?
Gambling is not in your head because you can allocate and follow that rule, I also doing the same thing, if you can allocate and follow that you are a truly responsible gambler and you have control of your gambling activity and budget it's hard to do that because with so many online casinos now offering bonuses and giveaways, it's hard to keep following your allocation.
Since you set aside a budget for your betting, it only means you really plan things, and it would appear like you organized all that you want to do. Most of the gamblers I met don't do that. Often times they tell me it's just their extra money that they are spending.
I don't plan to gamble, I just do it whenever I feel like but it rarely happens because I only bet nowadays to boxing and MMA.
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