Your betting budget - page 5. | Bitcointalksearch.org

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Quote from: Smartprofit on August 11, 2021, 11:15:06 AM

Quote from: kkaroul4 on August 11, 2021, 07:31:49 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.

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Quote from: South Park on August 11, 2021, 03:09:57 PM

Quote from: bitzizzix on August 07, 2021, 02:20:17 PM

Quote from: South Park on August 07, 2021, 12:55:05 PM

Correct, setting up a budget is not a winning strategy, it is a strategy that will help you to avoid losing huge amounts of money that you cannot really afford to lose, so I have been always in favor of people having a budget, that way even if they happen to lose control of their gambling during a session if they can respect that budget then those losses are not going to be a big deal since they can just stop gambling during the rest of the week or month and they will still have lost the same amount of money.

As a savvy gambler, you should never forget that you should never risk more money than you can afford to lose, and that you should set aside some money and budget for gambling.
You set a budget and stick to it and when the gambling capital that has been budgeted is used up, your gambling is done and that is to prevent you from becoming addicted and disciplined.

Not only that setting up a budget is a great way to be able to tell that something is wrong with your gambling, after all if you are constantly going above your budget and you are spending more money than your current allocation then that is a sign that something is wrong and that something must be done about it, this is an early sign that tells you that something is wrong, some people will disregard that sign but for those that know the signs of addiction this is going to be worrisome and they will take early action before an addiction develops.

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.

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Quote from: bitzizzix on August 07, 2021, 02:20:17 PM

Quote from: South Park on August 07, 2021, 12:55:05 PM

Correct, setting up a budget is not a winning strategy, it is a strategy that will help you to avoid losing huge amounts of money that you cannot really afford to lose, so I have been always in favor of people having a budget, that way even if they happen to lose control of their gambling during a session if they can respect that budget then those losses are not going to be a big deal since they can just stop gambling during the rest of the week or month and they will still have lost the same amount of money.

As a savvy gambler, you should never forget that you should never risk more money than you can afford to lose, and that you should set aside some money and budget for gambling.
You set a budget and stick to it and when the gambling capital that has been budgeted is used up, your gambling is done and that is to prevent you from becoming addicted and disciplined.

Not only that setting up a budget is a great way to be able to tell that something is wrong with your gambling, after all if you are constantly going above your budget and you are spending more money than your current allocation then that is a sign that something is wrong and that something must be done about it, this is an early sign that tells you that something is wrong, some people will disregard that sign but for those that know the signs of addiction this is going to be worrisome and they will take early action before an addiction develops.

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Quote from: kkaroul4 on August 11, 2021, 07:31:49 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.

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Quote from: carlisle1 on August 11, 2021, 10:41:21 AM

Quote from: hahay on August 11, 2021, 08:00:00 AM

Quote from: kkaroul4 on August 11, 2021, 07:31:49 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.

I think a good budget is a budget that has been prepared only for the purpose of something, if you are still increasing or sometimes using it for expenses then I guess it can get messy. That is, if you have prepared a budget for gambling even though it is only to gamble on one day and then in gambling you lose until you lose the budget, then as much as possible you should stop at that time but if you increase the budget when you lose then that is not the right way of discipline.

Exceeding to your target budget is not a healthy practice when dealing with gambling, always best to stop when your bankroll was empty.

From that you can say that you have good discipline and you are still in control with your gambling activities, most of the time there's a surge inside you urging you to deposit more as you may win and recover, but once you allow that to happened you'll find yourself losing a lot that day.

Regrets should not take place if you follow your routine, set the amount and make sure not to add more.

As much as possible, we should be able to manage the budget as healthy as possible because there we can control ourselves from gambling and I think this will become normal even when the balance is empty you will not become addicted to depositing again because it has been budgeted for how much to gamble, so indeed discipline is very important in gambling.

I've been doing this for a long time and it really works, because I won't bother spending necessities because it's my duty to look after them, and gambling funds are budgeted when how much income we get for a week or month.

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Quote from: hahay on August 11, 2021, 08:00:00 AM

Quote from: kkaroul4 on August 11, 2021, 07:31:49 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.

I think a good budget is a budget that has been prepared only for the purpose of something, if you are still increasing or sometimes using it for expenses then I guess it can get messy. That is, if you have prepared a budget for gambling even though it is only to gamble on one day and then in gambling you lose until you lose the budget, then as much as possible you should stop at that time but if you increase the budget when you lose then that is not the right way of discipline.

Exceeding to your target budget is not a healthy practice when dealing with gambling, always best to stop when your bankroll was empty.

From that you can say that you have good discipline and you are still in control with your gambling activities, most of the time there's a surge inside you urging you to deposit more as you may win and recover, but once you allow that to happened you'll find yourself losing a lot that day.

Regrets should not take place if you follow your routine, set the amount and make sure not to add more.

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Quote from: kkaroul4 on August 11, 2021, 07:31:49 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.

I think a good budget is a budget that has been prepared only for the purpose of something, if you are still increasing or sometimes using it for expenses then I guess it can get messy. That is, if you have prepared a budget for gambling even though it is only to gamble on one day and then in gambling you lose until you lose the budget, then as much as possible you should stop at that time but if you increase the budget when you lose then that is not the right way of discipline.

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Quote from: panjul07 on August 10, 2021, 10:32:11 AM

Gambling everyday can be considered as an addiction but not all who gamble everyday are addict.
Those who gambler every single day but they are able to manage the time and money well, I can say they are not addicted.
Lets say he is gambling everyday but he has can start and stop his gambling session wisely each day, I would say he is smart gambler instead of an addict.

Does a "smart" gambler like this really exist?
I mean the first sentence are contradicting.
When you gamble every single day, regardless of the amount of money you gamble, regardless of how you manage your time (of course you need to manage your time between gambling and day job/business), gambling addiction is measured on how frequent your gambling activities are, not the time and money management everytime you gamble.
Well, gambling everyday seems an obvious ground for gambling addiction, because the urgency to gamble during your past time everyday will become normal to you.

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Quote from: stomachgrowls on August 10, 2021, 03:36:33 PM

People who do indeed gamble on daily basis could really be considered to be a gambling addict and not for those people who do play on weekends or casual basis.

You can't say that as a blanket statement. There are also people who bet every day without being addicted, those who do it as their main job or have a good side income. However, they do it professionally and are not guided by emotions. They usually have a strict money and balance management and thus also regularly in profit. I know that because I know people like that.

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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.

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Quote from: junmisakiro on August 11, 2021, 03:59:56 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?

I had previously set a percentage with a monthly income, but unfortunately the decision only lasted for a short time because I couldn't control my emotions completely when the game was exciting, which prompted my intention to deposit again and again, even though I realized that in the long run I would lose everything, if I keep doing stupid things like this.

It shows to you that you need to learn about controlling yourself and not getting emotions in gambling. Maybe you can set your budget and trying not to break that limit and if you lose all of that budget, you need to stop gambling as soon as possible and not even think to deposit or borrow money from others because you can get into trouble soon. From what you say, I suggest you not to playing gambling for a long time because you can deposit more money if you lose and you will hard to stop.

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Quote from: panjul07 on August 10, 2021, 10:32:11 AM

Quote from: KTChampions on August 10, 2021, 10:11:22 AM

Do you really play every day? In my opinion, this is an obvious sign of gambling addiction and you really should worry about it. In any case, it's good that at least you can discipline your gambling spending. And if it's not a secret, how long have you been gambling on such a schedule (almost every day or every day)?

Gambling everyday can be considered as an addiction but not all who gamble everyday are addict.
Those who gambler every single day but they are able to manage the time and money well, I can say they are not addicted.
Lets say he is gambling everyday but he has can start and stop his gambling session wisely each day, I would say he is smart gambler instead of an addict.

I have big doubts about this Grin

Of course, a lot depends on how long it takes and if the period is short, then this does not mean anything, but in most cases if a person was able to arrange his life in such a way that he has the opportunity to do something every day, then this suggests that he has a lot of addiction to it.
By the way, when I read your message, I remembered one anecdote: A fan of smoking weeds says
- How good that marijuana is not addictive! I'm smoking for five years every day, but I can quit at any time!
Wink

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Quote from: junmisakiro on August 11, 2021, 03:59:56 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?

I had previously set a percentage with a monthly income, but unfortunately the decision only lasted for a short time because I couldn't control my emotions completely when the game was exciting, which prompted my intention to deposit again and again, even though I realized that in the long run I would lose everything, if I keep doing stupid things like this.

This has happened to me, but because of the current economic pressure, it makes me really have to take care of my finances and one of them is by reducing the amount of my allocation of funds for gambling, so far I have spent almost $80-$100 for do gambling in a week but now I only spend about $20-$30 a week, at first it was very difficult to do because it was a fun factor as you said but of course I have to put that aside in order to maintain my family finances, and I'm sure if you make a family as an impetus to stop it of course the possibility it will work in my opinion.

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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 had previously set a percentage with a monthly income, but unfortunately the decision only lasted for a short time because I couldn't control my emotions completely when the game was exciting, which prompted my intention to deposit again and again, even though I realized that in the long run I would lose everything, if I keep doing stupid things like this.

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Quote from: Smartprofit on August 11, 2021, 03:35:42 AM

10-15 percent of your salary is a normal gaming budget. No more highlighting.

I recommend purchasing a special bank card and making a deposit exclusively from it. This will systematize the process. If you managed to win this month, then do not increase the budget for next month.

It is better to spend this money on your family - buy candy and ice cream for the children, and fruits and flowers for your wife.

Reinvestment can be beneficial in business. However, in gambling, such an action does not make sense.

You play for fun.

Your goal is not to make a profit.

As a rule, betting leads to a loss of funds over a long period of time, so it is better not to get carried away with large amounts of bets, which will almost always lead to the loss of large amounts. It is better to have a small budget and try to increase it, if possible, then you can play for an increased deposit and see what happens to it over time, whether it increases or decreases.

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Quote from: Woodie on August 08, 2021, 06:36:09 PM

I have never put gambling on my budget because this feels like you always be gambling, probably becoming an addict too.
I think I don't go big with gambling such that your income is all redirected to gambling. All I do is work with a fixed amount I set aside to play with as my safety net to avoid over spending. By the way I have cut down on gambling because my losses are catching up with me, the house is just too good looking for something more profitable.

You should put it in my opinion because it helps you to be mindful of how much you're spending when you're gambling. You are on the right path already, you have a fixed amount but at the same time you should record what's happening to help you much better in terms of managing your money.

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Quote from: stomachgrowls on August 10, 2021, 03:36:33 PM

Quote from: panjul07 on August 10, 2021, 10:32:11 AM

Quote from: KTChampions on August 10, 2021, 10:11:22 AM

Quote from: sempak on August 09, 2021, 07:32:26 AM

Of course I always set limitation, amount limitation to my budget. I only seek fun so if I have some profit from gambling I save it to my gambling budget in that way I have more gambling budget and I only refill it whenever it reaches 0 for example this month I have 0 balance then I fill it up around $1000 that's for whole month then of course I divide it by day.

This kind of budgeting strategies would also help you to be a responsible gambler and lowers the chance of being addicted to gambling since you control yourself.

Do you really play every day? In my opinion, this is an obvious sign of gambling addiction and you really should worry about it. In any case, it's good that at least you can discipline your gambling spending. And if it's not a secret, how long have you been gambling on such a schedule (almost every day or every day)?

Gambling everyday can be considered as an addiction but not all who gamble everyday are addict.
Those who gambler every single day but they are able to manage the time and money well, I can say they are not addicted.
Lets say he is gambling everyday but he has can start and stop his gambling session wisely each day, I would say he is smart gambler instead of an addict.

People who do indeed gamble on daily basis could really be considered to be a gambling addict and not for those people who do play on weekends or casual basis.When it comes to budget then this would really be varying

on someones financial capacity because not all would really be having that big income or assets or savings for them to spent out on gambling and some are just really that keen on spending into entertainment.

My budget would be only in between 5-10% overall in my monthly salary and i do play occasionaly or into those times which i do see that theres some interesting games that i do love to bet on.

10-15 percent of your salary is a normal gaming budget. No more highlighting.

I recommend purchasing a special bank card and making a deposit exclusively from it. This will systematize the process. If you managed to win this month, then do not increase the budget for next month.

It is better to spend this money on your family - buy candy and ice cream for the children, and fruits and flowers for your wife.

Reinvestment can be beneficial in business. However, in gambling, such an action does not make sense.

You play for fun.

Your goal is not to make a profit.

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Quote from: panjul07 on August 10, 2021, 10:32:11 AM

Quote from: KTChampions on August 10, 2021, 10:11:22 AM

Quote from: sempak on August 09, 2021, 07:32:26 AM

Of course I always set limitation, amount limitation to my budget. I only seek fun so if I have some profit from gambling I save it to my gambling budget in that way I have more gambling budget and I only refill it whenever it reaches 0 for example this month I have 0 balance then I fill it up around $1000 that's for whole month then of course I divide it by day.

This kind of budgeting strategies would also help you to be a responsible gambler and lowers the chance of being addicted to gambling since you control yourself.

Do you really play every day? In my opinion, this is an obvious sign of gambling addiction and you really should worry about it. In any case, it's good that at least you can discipline your gambling spending. And if it's not a secret, how long have you been gambling on such a schedule (almost every day or every day)?

Gambling everyday can be considered as an addiction but not all who gamble everyday are addict.
Those who gambler every single day but they are able to manage the time and money well, I can say they are not addicted.
Lets say he is gambling everyday but he has can start and stop his gambling session wisely each day, I would say he is smart gambler instead of an addict.

People who do indeed gamble on daily basis could really be considered to be a gambling addict and not for those people who do play on weekends or casual basis.When it comes to budget then this would really be varying

on someones financial capacity because not all would really be having that big income or assets or savings for them to spent out on gambling and some are just really that keen on spending into entertainment.

My budget would be only in between 5-10% overall in my monthly salary and i do play occasionaly or into those times which i do see that theres some interesting games that i do love to bet on.

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Quote from: panjul07 on August 10, 2021, 10:32:11 AM

Gambling everyday can be considered as an addiction but not all who gamble everyday are addict.
Those who gambler every single day but they are able to manage the time and money well, I can say they are not addicted.
Lets say he is gambling everyday but he has can start and stop his gambling session wisely each day, I would say he is smart gambler instead of an addict.

Good case, is that similar to an experienced gamblers who can managed to milk out some cash from the house? Grin

it's possible that due to experienced and good money management this kind or type of gambler exist.

They are into gambling with a system that allows them to win some and quit or to lose some then stop. Money management or bankroll managements are always the topic for each gamblers to avoid heavy addictions, you needed to have a good control with your emotions
and keeps on taking advantage with some luck behind you while you are in-play.

Maximizing some luck and quit in an earlier stage and manage to stay out to keep some winning or to stay at a smaller amount of losing.

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Quote from: KTChampions on August 10, 2021, 10:11:22 AM

Quote from: sempak on August 09, 2021, 07:32:26 AM

Of course I always set limitation, amount limitation to my budget. I only seek fun so if I have some profit from gambling I save it to my gambling budget in that way I have more gambling budget and I only refill it whenever it reaches 0 for example this month I have 0 balance then I fill it up around $1000 that's for whole month then of course I divide it by day.

This kind of budgeting strategies would also help you to be a responsible gambler and lowers the chance of being addicted to gambling since you control yourself.

Do you really play every day? In my opinion, this is an obvious sign of gambling addiction and you really should worry about it. In any case, it's good that at least you can discipline your gambling spending. And if it's not a secret, how long have you been gambling on such a schedule (almost every day or every day)?

Gambling everyday can be considered as an addiction but not all who gamble everyday are addict.
Those who gambler every single day but they are able to manage the time and money well, I can say they are not addicted.
Lets say he is gambling everyday but he has can start and stop his gambling session wisely each day, I would say he is smart gambler instead of an addict.

Topic: Your betting budget - page 5. (Read 4966 times)