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Topic: Your betting budget - page 4. (Read 4966 times)

hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
August 15, 2021, 02:22:09 PM
$20 every week is my budget and I do not go over that amount most weeks. There have been times where I have gone above it but this is rare and has only happened when there are big events on like the Euros a couple of weeks ago. I think it is healthy to set a budget and only go above it sometimes when there are special events on.
This is the way it should be done, having very clear limits about when and how much to gamble and remaining the majority of the time below those levels is the healthiest way to gamble, many people do not like this because they think it interferes with their fun as they cannot any longer do whatever they want and they feel they are missing some of the fun they got with their gambling without those limits, but people like that should use a budget as that kind of thinking could easily lead them to become addicted to gambling.
hero member
Activity: 2856
Merit: 644
https://duelbits.com/
August 15, 2021, 10:21:34 AM
I don't actually have a betting budget. I know it's surprising but it's true, I just based it on my mood for example in sports betting if there are some good events of course I increase my budget to it and if there's something like football competition or wagering competition I increase my budget to that but that varies it's around $1000 or more.
Not sure about $1k, as gamblers who don't have the budget to gamble will at least only be playing with money ready to lose which means it's not a huge amount. A gambler who has a regular or calculated budget, it is easy for him to prepare a large budget for gambling. But for players who only gamble occasionally in my opinion, I'm not sure that such a gambler will spend a lot of money just to gamble for a moment.
I agree, how can $1000 be at stake in a big competition is that not great? a gambler who does that, of course, is only ready for what he holds in his funds and is ready to lose if determining a $1000 fund is not an easy thing because in gambling, he will feel very sorry if he allocates large amounts, even I am also a gambler with a budget, I will know how the limit is and does not exceed thousands of dollars unless he is a gambling addict who has everything ready.
Every certain competition will of course have a budget that already knows how it should be spent.
legendary
Activity: 2996
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Leading Crypto Sports Betting & Casino Platform
August 15, 2021, 10:20:39 AM

I am sure managing the finances will give us a chance to know how much our free money is and how we will use that money. If we have free money that we do not use for anything, we can use it to gamble, but of course, we need to limit playing gambling. Otherwise, we will use more and more money and we will lose it in the gambling games. If we can limit our money to gamble, we do not disturb the other money that we already set it every month.

Limitation is always a key, it will guide you not to lose more and it will also allow you to win over the house, if you have good limits with your gambling activities either ways, win or lose just know when to stop and you are good to go.

Taking some portions from your budget and allow yourself to be entertained, but always know when to quit that's your advantage dealing with this activity.

Value your money and set only the amount that you are capable to let go.
legendary
Activity: 3486
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Leading Crypto Sports Betting & Casino Platform
August 15, 2021, 10:11:52 AM
I don't actually have a betting budget. I know it's surprising but it's true, I just based it on my mood for example in sports betting if there are some good events of course I increase my budget to it and if there's something like football competition or wagering competition I increase my budget to that but that varies it's around $1000 or more.
Not sure about $1k, as gamblers who don't have the budget to gamble will at least only be playing with money ready to lose which means it's not a huge amount. A gambler who has a regular or calculated budget, it is easy for him to prepare a large budget for gambling. But for players who only gamble occasionally in my opinion, I'm not sure that such a gambler will spend a lot of money just to gamble for a moment.
hero member
Activity: 1484
Merit: 516
August 15, 2021, 09:49:13 AM
I don't actually have a betting budget. I know it's surprising but it's true, I just based it on my mood for example in sports betting if there are some good events of course I increase my budget to it and if there's something like football competition or wagering competition I increase my budget to that but that varies it's around $1000 or more.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
August 15, 2021, 09:29:28 AM
Waoo! This is my first time of hearing that some people do have budget set aside for gambling on a monthly basis. This is a very nice one but I don't have a budget for gambling maybe I will start now since I have making little money out of my gambling this days.
I'm also surprised that you don't have a budget for gambling. I think you don't really manage your expenses every month
it's a good thing if you want to try to manage your finances while gambling so you can know how much your monthly expenses are

One of the keys to not losing in gambling is being able to manage and control finances

I am sure managing the finances will give us a chance to know how much our free money is and how we will use that money. If we have free money that we do not use for anything, we can use it to gamble, but of course, we need to limit playing gambling. Otherwise, we will use more and more money and we will lose it in the gambling games. If we can limit our money to gamble, we do not disturb the other money that we already set it every month.
sr. member
Activity: 2660
Merit: 339
August 15, 2021, 08:40:16 AM
it's a good thing if you want to try to manage your finances while gambling so you can know how much your monthly expenses are
Not just in gambling; everywhere be must keep track of how much we are spending and how much we are earning for that we could have control over our economy. Moreover, maintaining expense details will definitely help to find out what are the expenses are not necessary so that we could have better saving for securing our future.

One of the keys to not losing in gambling is being able to manage and control finances
I don't think so. Managing your finances will help you to have less spending for your gambling but that definitely got nothing to do with your losses in gambling. But at the same time, if you are less spending for gambling then there will be the better chances for less losses in the end.
full member
Activity: 1050
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1xBit.. recovered their reputation
August 15, 2021, 07:15:07 AM
Waoo! This is my first time of hearing that some people do have budget set aside for gambling on a monthly basis. This is a very nice one but I don't have a budget for gambling maybe I will start now since I have making little money out of my gambling this days.
I'm also surprised that you don't have a budget for gambling. I think you don't really manage your expenses every month
it's a good thing if you want to try to manage your finances while gambling so you can know how much your monthly expenses are

One of the keys to not losing in gambling is being able to manage and control finances
hero member
Activity: 2436
Merit: 877
August 15, 2021, 05:50:15 AM
It depends if I don't have expenses for the current month, I increase my gambling budget and sometimes I get my expenses from my betting budget if I managed to win. This is really a nice discussion since trying to budget your fund in gambling is one of the really important things since it will let you be a responsible gambler.

Gambling winnings are a bonus.  

It is logical to spend them on something unusual, and not just to finance running costs.  Make your dream come true.  

For example, flying in a hot air balloon, scuba diving, traveling, going to an expensive restaurant.  

This will allow you to organize an interesting Life Style.  At the same time, it will not give you the opportunity to develop gambling addiction.  In addition to gambling, an interesting Life Style awaits you.  

Focusing on Life Style will save you a lot of trouble.

Your suggestion seemed expensive, but of course it will help if you have the budget, but unfortunately, most people who are addicted in gambling are those who does not have a financial freedom, they got addicted for trying to win big money as they think it's an opportunity to change their lives to improve financially in just a short period of time.

We do not need to adopt expensive life styles to get ourselves free from gambling. You can visit to parks or have candle light dinner are enough to keep you from gambling addiction. Its in our mind will, that we want to treat gambling as a fun activity or make it a deadly hobby which may lead towards our poverty.  A very useful advice would be not to  make gambling the primary source of income.
legendary
Activity: 1806
Merit: 1024
August 15, 2021, 03:04:24 AM
I think people always agree with themselves in the beginning to set a limit for gambling. But what do you do when you want to go over that limit, since you have lost your bet? Then the problems often start that can no longer be foreseen.

ya.ya.yo!
hero member
Activity: 3024
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August 15, 2021, 01:11:46 AM
Waoo! This is my first time of hearing that some people do have budget set aside for gambling on a monthly basis.
There have been actually doing that if you read a few posts back then. They are gambling with a budget on a monthly basis and others do that as long as they've got spare money.

This is a very nice one but I don't have a budget for gambling maybe I will start now since I have making little money out of my gambling this days.
If you want to gamble and you don't have a budget yet, might better allocate and wait for your money to come.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
August 14, 2021, 04:59:03 PM
3% or 5% means you truly manage your gambling budget since degen gamblers don't care after one point how much they spend to keep chasing losses. Personally, I prefer to do it around 10% of the total passive income I get and I never mix the main income source with gambling since gambling addiction can have a huge effect on it. Long story short, just gamble for fun and for fun having a spare extra few hundred dollars is enough, IMO.

Some people prefer to gamble half the salary and they keep believing recovering the loss is possible in a single session. Having decent money management requires to recover the losses of previous dead sessions slowly, for example, I prefer to recover the losses in two weeks rather than doing all in few days. Rushing to recover the loss in short timeframe will make losses double, so gambler are supposed to make a bigger deposits which can be a another loss for a day.
legendary
Activity: 3122
Merit: 1140
August 14, 2021, 04:44:36 PM
Waoo! This is my first time of hearing that some people do have budget set aside for gambling on a monthly basis. This is a very nice one but I don't have a budget for gambling maybe I will start now since I have making little money out of my gambling this days.
Budgeting gambling capital in my opinion is very important and to avoid you losing a lot of money, but all of that must be supported with high discipline and consistency because it is not easy.
when you bet within the budget for some time you set and when you lose and your budget runs out you don't add any more.
And if you have several wins, you can use the winnings for other purposes or to prepare for the next budget capital and you stay consistent and play with the budget that has been prepared until the time limit runs out.
Do you equally have budget for gambling purpose too? Playing gambling within the budget is a very good idea to help one not to get addicted to gambling. If one is discipline and work within the budget I see no reason why people should be addicted for I believe it is act of indiscipline that make one to be addicted. Is just like drinking alcohol, if you drink responsibly you will not get drunk.
Always stick with your budget and wont go over it or would be overspending because if you have already on this state then its simply showing that you are already addicted with gambling.

This is something that you should stop right away when you are still on midway because if the problem would even becomes worst then it would really be a regretable thing that would happen into your life.

If you dont like to experience it then better be mindful towards your actions and be sensible on any situation.
hero member
Activity: 2856
Merit: 674
August 14, 2021, 03:57:12 PM
Waoo! This is my first time of hearing that some people do have budget set aside for gambling on a monthly basis. This is a very nice one but I don't have a budget for gambling maybe I will start now since I have making little money out of my gambling this days.
That is the only way prevention that we can do to prevent the big loss. They have different monthly budgets, and I am sure they will not try to break the budget because if they do that, it can lead them to more losses. You can hope to make little money from your gambling, but I suggest you do not try hard to make money from gambling because the result will not always be what you expected. Maybe you can limit or set your budget by playing gambling so you do not feel curious about winning.
Curiosity is the first step on why people get hooked on gambling, and getting hooked is not really a bad thing if from the very beginning you already understand what you are doing as you will certainly be responsible for gambling. I also have a dream to make consistent money in gambling, like those who are making a living from it, but I know it's not for everyone and one has to have the proper skills in order to make a living in gambling.

As a gambler, we should be honest with ourselves as that's the only way to know our real capacity, whether we are just for fun or for serious business.
hero member
Activity: 1610
Merit: 507
August 12, 2021, 08:52:07 AM
Waoo! This is my first time of hearing that some people do have budget set aside for gambling on a monthly basis. This is a very nice one but I don't have a budget for gambling maybe I will start now since I have making little money out of my gambling this days.
That is the only way prevention that we can do to prevent the big loss. They have different monthly budgets, and I am sure they will not try to break the budget because if they do that, it can lead them to more losses. You can hope to make little money from your gambling, but I suggest you do not try hard to make money from gambling because the result will not always be what you expected. Maybe you can limit or set your budget by playing gambling so you do not feel curious about winning.
sr. member
Activity: 2366
Merit: 448
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August 12, 2021, 06:12:44 AM
Waoo! This is my first time of hearing that some people do have budget set aside for gambling on a monthly basis. This is a very nice one but I don't have a budget for gambling maybe I will start now since I have making little money out of my gambling this days.
Budgeting gambling capital in my opinion is very important and to avoid you losing a lot of money, but all of that must be supported with high discipline and consistency because it is not easy.
when you bet within the budget for some time you set and when you lose and your budget runs out you don't add any more.
And if you have several wins, you can use the winnings for other purposes or to prepare for the next budget capital and you stay consistent and play with the budget that has been prepared until the time limit runs out.
legendary
Activity: 2478
Merit: 1951
Leading Crypto Sports Betting & Casino Platform
August 12, 2021, 05:21:27 AM
Your suggestion seemed expensive, but of course it will help if you have the budget, but unfortunately, most people who are addicted in gambling are those who does not have a financial freedom, they got addicted for trying to win big money as they think it's an opportunity to change their lives to improve financially in just a short period of time.

In fact, the main paradox of gambling addicts is that even if they win a large amount of money, they still continue to gamble (usually up to a complete loss) instead of actually changing their lives. I have heard many such stories, plus stories where a gambler who won a lot of money spent all of them on entertainment. But I don't remember a single one when the lucky one would open a business or do something serious.
full member
Activity: 1008
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August 11, 2021, 04:54:34 PM
$20 every week is my budget and I do not go over that amount most weeks. There have been times where I have gone above it but this is rare and has only happened when there are big events on like the Euros a couple of weeks ago. I think it is healthy to set a budget and only go above it sometimes when there are special events on.

Fixed betting budgets are a great thing. It enables you to bet within your means and don't risk money that you can't afford to lose, which is perhaps one of the most important skills of a successful bettor. The odds will sometimes not go in your favor and you feel as if you're simply losing wager after wager. This leads many people to increase their stakes to try to recover their losses when their luck returns. Unfortunately, this rarely works.
sr. member
Activity: 467
Merit: 578
August 11, 2021, 04:34:39 PM
$20 every week is my budget and I do not go over that amount most weeks. There have been times where I have gone above it but this is rare and has only happened when there are big events on like the Euros a couple of weeks ago. I think it is healthy to set a budget and only go above it sometimes when there are special events on.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
August 11, 2021, 04:28:41 PM

Which would really be a wasteful act and  would definitely result into problems later on when you do spend much above into your budget.You shouldnt really be having that kind  of behavior because if you dont like to experience problem then you should be mindful about your spending.

Budget should be only sufficient on your leisure needs because if you do make it as a source of income then you would likely to be spending more on the amount that you had allocated.

In result? You would really be get addicted at the same time you would really be having some financial problems later on.

Mismanaged of your funds will surely harm you in the long run, you should always stay with your allocated budget and never to exceed with it, responsible gambling saves you  from getting addicted.

If you set a certain amount with your gambling leisure best to keep it that way, please your desire but control your emotions.

When you're done using your budget then it's also time for you to quit, take the enjoyment and experienced it will give you good vibes not those regrets when you overspend your money, amount that you are not willing to let go.
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