Your betting budget - page 25. | Bitcointalksearch.org

qwertyup23

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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 would like to commend you for having a detailed plan on your finances. The only struggle with this is being consistent with its execution as there may be cases where you tend to spend more on unexpected circumstances.

As I live in a third world country, every expense is essentially painful. Due to this background as well, I am compelled to limit my actual spendings on my gambling activities since I would literally starve if I exhaust everything. Back when I used to gamble, I only bring $50 with me and that's it. Either I win or lose, I will not spend beyond the budget that I brought.

robelneo

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It's hard to allocate a monthly budget on my part, I may end up losing everything before my monthly allocation so I prefer allocating my gambling budget on a weekly basis and actively playing before the weekend if I get lucky and win I will add my winnings for the next week allocation, I never add more on my gambling allocation, because if I do it will lead to cheating myself and I will likely get hook on gambling.

Saint-loup

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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?

So it means you increase your bankroll each month, and it gets bigger and bigger if you don't lose too much? You are not afraid of being robbed by the platform or by a hacker? Personally I monitor the total amount wagered during the month and I try to not exceed few thousands of dollars.

Darker45

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I don't allocate a certain percentage of my regular income for gambling or fun activities. But I always keep track of my overall spending. I gamble and buy the things that I need. However, if I notice that my expenses are rising in an unusual way, meaning, it is ballooning even if I am not traveling or spending on something which costs a lot, I would reduce spending accordingly. The reduction is mostly focused on the not-so-important things like gambling and unnecessary spending on hobbies.

rhomelmabini

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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?

Sound not new to me as I'm doing the same stuff but I guess monthly will be that luxurious in its sense. I think gambling can be 10x lower than what I spend onto investing nor trading, well, gambling was more of the hobby side so I put only 1% to 2% of that on monthly or bi-monthly basis. I'm just a swing gambler in its sense. LOL

I guess I may give advice to lower the percentage of your gambling budget but it's your call if you can afford it to lose or take a chance for a win.

Lanatsa

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Budget would be random because I do play sometimes and sometimes not so it will determine on how many times I do play in a week.

Mostly I do spend the most in weekends when I do have much time on playing and its understandable and budget cant really be determined on this one.

agustina2

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There is no specific budget for me as long as I feel to gamble.

I can't even imagine myself setting the right budget everytime I gamble as I'm sure it won't follow properly especially if I'm on a winning or losing streak.

I'd rather focus on maintaining my winning stats compare to thinking of how much should I bet for today, tomorrow, or in the future.

Kemarit

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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?

Good question. Personally, I really don't have a budget for gambling, if I saw my favorite player or favorite teams playing and I know that they can pull it off specially if they are the underdogs, I will definitely deposit in the range of at least 1 mBtc-2 mBtc and play with that money and see how it goes. And if I lost that money, then I probably take a rest and wait for another chance to deposit if there are good matches to bet again (again with my fav players and teams).

Joca97

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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?

Well most of the users just dont have a plan,they save up some money or get a bonus and they like to gamble that away.Reasonable budget for gambling should be 3-5% but still this should be for fun.But most addicted gamblers gamble it all away.This is diffrent from every other gambler.

carlfebz2

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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?

Everything is random because i cant tell neither i do earn more or less on monthly basis and if you do set out fix amount then its neither you would get short or have something more.

As long you dont compromise your priorities then this is what matter most then it should be fine.My budget is mostly 5-10% but its neither on 2 weeks or in a whole month

depending on the schedule i do have because most of the time i do really play in vacant times and now on my working hours.I can afford to lose up on max 10% but not on constant
or consecutive months and adjustments would be surely made.

paxmao

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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?

Topic: Your betting budget - page 25. (Read 4971 times)