Title: How much of my salary should I use to gamble Post by: Why2why on May 05, 2024, 11:15:44 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble?
Title: Re: How much of my salary should I use to gamble Post by: Oshosondy on May 05, 2024, 11:19:29 AM If you want to go the appropriate way, 1% of your salary is okay, but that should be if your salary is enough. Some people may not have money to spare on gambling. If you earn enough, use 1% of your weekly income to gamble.
I use 2 to 5% of my weekly income to gamble and it is good for me. It does not feel like I lose anything and sometimes I win. Title: Re: How much of my salary should I use to gamble Post by: Ruttoshi on May 05, 2024, 11:26:19 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? This depends on how much your salary is, and how much your needs and responsibilities are in a month. If you don't have enough funds as discretionary funds, after taking care of all your expenses for the month, you can gamble occasionally, and you can use money that is not part of your salary for that.On the other hand, if you have enough that you can spare and also save from, after every expenses in the month, you can use 1% - 5% to gamble. Remember to gamble responsible so that you don't end up using more than what you have assigned for gambling, because you were chasing your loss. Title: Re: How much of my salary should I use to gamble Post by: Jawhead999 on May 05, 2024, 11:39:30 AM This is really subjective, just like some people choose to be hard saver i.e. frugal living and invest as much as possible, some people choose YOLO lifestyle i.e. spend anything they like because no one know we can live longer, while some people choose to find the balance i.e. savings and also spending for entertainment.
So which type you're? if you're the first one, you will avoid to gamble, in you're the second one, you will gamble as much as possible until you broke. Title: Re: How much of my salary should I use to gamble Post by: Reredmi896 on May 05, 2024, 12:02:06 PM This is really subjective, just like some people choose to be hard saver i.e. frugal living and invest as much as possible, some people choose YOLO lifestyle i.e. spend anything they like because no one know we can live longer, while some people choose to find the balance i.e. savings and also spending for entertainment. if someone has no income or for example has a job with a small salary or is just a freelance worker and gambles almost every day because he wastes a lot of free time because he is just a freelance worker and turns to gambling to fill his life. and hope that gambling can make money. Is it a heavy or mild type of addiction?So which type you're? if you're the first one, you will avoid to gamble, in you're the second one, you will gamble as much as possible until you broke. can it be cured? Or should such people be banished and ostracized as useless to family, friends, and neighbors? Title: Re: How much of my salary should I use to gamble Post by: swogerino on May 05, 2024, 12:02:41 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? It would be great to use funds you can afford to lose and not regret a lot or fall prey of addiction if you lose,so if you can afford to lose like 5% of your salary then most likely that is the max amount you should gamble from your salary and only do this if you want to really play gambling yourself and not because other people are doing it or in your locality is in the mood.I personally use like 5-10% of my net salary every month which is 150 EUR to 300 EUR depending which amount I feel like spending playing gambling,where I live this may be a high amount as I don't live in Germany which this is normal so it all depends on how much money you can afford to lose without regretting it,that is the right amount. Title: Re: How much of my salary should I use to gamble Post by: salad daging on May 05, 2024, 12:14:19 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? No more than 5% because the other 95% of your salary should be used for your needs, don't get carried away because in the circle you gamble a lot and then you spend it all, it will cause problems in your finances.Maybe it's better to invest more than 30% then it will be better than gambling and the rest of the money is your daily needs, so this is what I apply so always manage the bankroll so as not to exceed the limit that has been set. It's up to you to decide! I myself will not be big on gambling but when I win, I will keep it for the next bet. Title: Re: How much of my salary should I use to gamble Post by: Lida93 on May 05, 2024, 12:27:07 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? The popularity of gambling mostly online gamble has greatly attracted many people from different works of life to find interest in the activity and some do it for fun while others just engage to try their luck for a possible extra profit by chance. I do not try to exceed 5% of out of my income for gamble any week I have to gamble. So it's left for you that knows the strength of your salary compared to the weight of responsibility you carry generally to critically look inwardly and see if a 5% as I use will be okay with you. No matter the percentage you might want to use be it below or above a 5% mark ensure that it's an amount of money out of your salary that you are will to afford losing, it's really important to do so. Gamble responsibly! Title: Re: How much of my salary should I use to gamble Post by: EluguHcman on May 05, 2024, 12:33:43 PM Sounds like you are coming Into this gambling space newly.
So I would just advice you to set-up your gambling plans so that it doesn't have to affect your bankrolls and also, stay aware that loosing can be frustrating and winning can be encouraging. But no of it has positive effects if you focusing and desperately gambling to make profit because by then, you would be out of your emotional control which may ruin your finances. So it not more of seeking for recommendation of how much would be required from your salary to gamble that authenticates you a responsible gambler because you can easily break out of it if you are not capable enough to control your eagerness of gambling. I have just dropped you with some advice which I believe other users here has answered your question. Back to your question Title: Re: How much of my salary should I use to gamble Post by: Hatchy on May 05, 2024, 12:36:31 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? It's actually depends on how much you earn from your work monthly. And the decisions should only be made by you not anyone else. We don't want a situation where someone start blaming others for his wrong decisions. If you have a good paying job and feel like gambling with some of your pay then you can. But you should remember that gambling not matter how profitable it is to you, shouldn't be seen or taken as a means to make a living. Because with what you have said from your locality, it seems that's what they are into. Gambling yes can reward you but that's shouldn't be your source of income. There's a lot of risk in gambling so be wise enough not to put too much of your salary into it. Title: Re: How much of my salary should I use to gamble Post by: Gozie51 on May 05, 2024, 12:54:36 PM so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Using part of your salary in gambling is not bad but knowing your limit to the gambling is what is important because at times the bets don't become successful like you wish them to be and you keep chasing the loses. So even using the bearest of the percentage of your salary in gambling won't amount to anything if you don't have a good psychology and emotion to withstand the pressure and challenges in gambling, you realize at a point you will have to increase the percentage which will not be a good experience as you will end up losing everything. Therefore, the question is whether you have the patience to see your loses go and you try again another day, this is the best percentage you can use. Title: Re: How much of my salary should I use to gamble Post by: michellee on May 05, 2024, 01:15:23 PM There is no certainty about the exact percentage you can use for gambling because it depends on your salary. Maybe some say under 5%-10% is enough to be used as capital for gambling. But some say that 3% is enough.
Everything will depend on each person. But you should not get involved in gambling. You can be so deep in gambling that you don't realize it. You could even become addicted to gambling and spend all your salary. If that happens, it will ruin your life because gambling addiction is the biggest problem for a person. You should divert your thoughts to other things that can provide pleasure. Many other activities can pleasure gambling. Title: Re: How much of my salary should I use to gamble Post by: Davidvictorson on May 05, 2024, 01:23:27 PM If you want to go the appropriate way, 1% of your salary is okay, but that should be if your salary is enough. Some people may not have money to spare on gambling. If you earn enough, use 1% of your weekly income to gamble. This is a good advice. I have always tried my best to adhere to it. I will also add that having a side hustle will help his not to over use his salary. He should also stick to a game that he is familiar with that way he is able to be between the 1% to 5% of his salary. If he bets on games he isn't familiar with, he may likely go above that percentage.I use 2 to 5% of my weekly income to gamble and it is good for me. It does not feel like I lose anything and sometimes I win. Title: Re: How much of my salary should I use to gamble Post by: danherbias07 on May 05, 2024, 01:27:07 PM It will depend on how much your salary is/will be.
Let's say you are making $100,000 per month, will you really gamble 10 percent of it just for fun? I don't think that is a wise decision. $10k is a lot of money and it could be used for something more important or make a business that will make you more money than the risky type which is gambling. I might use only 1 percent of that or maybe less, as I said, it will depend on your salary. In my case, I only make an average amount and I spend 5% of my monthly salary. If I could stretch that amount into playing until 3 weeks then I will be fine. I am only using it to be entertained and sometimes I do win which lengthens my ability to gamble more. Always be careful with what you spend and abide by it. Don't ever deposit more just because you want to chase your losses because you might regret it later. Title: Re: How much of my salary should I use to gamble Post by: Eternad on May 05, 2024, 01:40:18 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? There is no specific percentage that can be considered right or wrong when it comes to gambling as it depends on personal preference and how much one values gambling activities. Personally, I prefer not to allocate funds from my salary towards gambling as it becomes a regular expense. Instead, I only play with money that I can afford to lose whenever I have extra cash. However, if I were to allocate funds from my salary to gambling, I believe that keeping it below 10% would be my sweet spot. This way, I won't be too attached to the money in case I lose it. Title: Re: How much of my salary should I use to gamble Post by: FatFork on May 05, 2024, 01:40:55 PM How much of what you make needs to go just to keeping the basics covered? I mean rent, utilities, groceries. Gambling's for fun, not paying the bills. First step's figuring out what you absolutely need to live.
Then take whatever's left over and decide if you wanna risk some of that for a shot at winning a jackpot, etc. Title: Re: How much of my salary should I use to gamble Post by: dothebeats on May 05, 2024, 01:51:45 PM The main question there is how much is your salary? How many people depend on your salary and how much are your expenses? With these in mind, only then will you be able to really discern how much of your salary can you really spend for your gambling ventures. 1% seems reasonable enough, but how much is that really and will you even enjoy or last an hour with that amount?
It all boils down to your priorities, responsibilities, and the amount of your salary. If you're living alone with not much bills to pay, I guess you can try living like a bum and burn your salary in just ome single night and see if it's something you want to experience again. Title: Re: How much of my salary should I use to gamble Post by: Findingnemo on May 05, 2024, 01:55:04 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? As everyone asks, the percentage depends on how much your salary is, if you're making 100K a year, then considering 5% itself a decent or can go upto 10% but if you earn 10K then this won't apply cause you need to cover your basic needs which means no room for spending on things that isn't necessary. If you still want to enjoy then can try the lowest amount possible on online so you won't have to worry about that your betting amount is very low than the people you hangout with. Title: Re: How much of my salary should I use to gamble Post by: G_Besar on May 05, 2024, 01:57:11 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? If you gamble based on your own desires without looking at other people or your colleagues, there should be no need to ask questions like this even though they are worth asking. Because the matter of what percentage of your salary you use for gambling is completely your right, so even if you use it all for gambling, there is no problem for other people because it is ourselves who regulates it all. But if you really want to accept advice from other people on things like this, of course 20% of your salary is quite suitable for you to use in this matter and if you think it's still too low, you can increase it again by ten percent.Title: Re: How much of my salary should I use to gamble Post by: coin-investor on May 05, 2024, 01:57:59 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Family needs and the bills should be our priorities, and the allocated amount should be in any way interfere with the finances of the family for me the ideal is 5% of the salary and income for the whole month. I get my salary every week so I can allocate properly the money that I can use for gambling, the most important is to be satisfied with what you allocate, avoid chasing your losses, and be honest with yourself that you cannot get rich gambling you need to be extremely lucky to get rich. Title: Re: How much of my salary should I use to gamble Post by: YOSHIE on May 05, 2024, 02:00:30 PM so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? In essence, humans have their own understanding and way of thinking in using part of their money/salary to use for gambling bets, that's for sure.In my understanding of gambling, but my salary is never involved and used in gambling, I like to use my side money in gambling and I have done that for several years, of course I am satisfied and don't need to worry if I lose. But you and I definitely have different opinions. My advice. If you want to take a percentage of your salary to bet, you should adjust it to the salary you get per month, for example you have a monthly salary of €1500, Of course you can use it to gamble, at least 3% includes shopping for yourself, more than that in my understanding will be detrimental to yourself or your family. The point is, adjust the monthly salary you get in your country and remember, don't exceed 3%. Title: Re: How much of my salary should I use to gamble Post by: Gaza13 on May 05, 2024, 02:04:25 PM Don't force yourself to gamble too much if you still don't have enough for your daily needs. This will make you even more miserable for your life in the future. Don't expect too much that you can find additional income there, it's better for you to think about more useful things such as saving your money rather than gambling. If you have enough money from saving to open a business, it would be better for you to focus on that.
Title: Re: How much of my salary should I use to gamble Post by: Nheer on May 05, 2024, 02:12:07 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? There is no right percentage in my opinion, it all depends on how much you earn and how much you can afford to channel into gambling. We all earn different amounts and we all have different problems and responsibilities so all these affects the percentage a person can put into gambling. Even if i tell you how many percentage i put into gambling it will be of no use to you because you will have to analyze and properly evaluate your earnings and liabilities. Regardless of how much you earn my advice for you is to put only a maximum of 5% into gambling depending on your earnings, if you don’t earn much you shouldn’t use more than 5% but if you earn much you should use like about 2%-2.5% to gamble. Title: Re: How much of my salary should I use to gamble Post by: panjul07 on May 05, 2024, 02:18:52 PM that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Dont use specific percentage of your salary, why? First, if your salary is not that big then the amount you will be able to spend on gambling is also too low. Lets say your monthly income is $300-$500 a month and you set 1%-5%, it will be only $3-$5 to gamble. Unless you can enjoy gambling with such a low amount, forget my opinion. Second, if your salary is so huge per month then if you use a specific percentage, you will spend big amount as well. For me, it is better to spend what you can afford to lose only, not depending on specific percentage of your income but after you spend your income for your real life needs first. Title: Re: How much of my salary should I use to gamble Post by: baco35 on May 05, 2024, 02:23:01 PM It sounds like the gambling you're talking about is a form of entertainment. So it should come out of the amount of money you have left after you take out cost of living, by which I mean bills, rent/mortgage and all other liabilities that take precedence over leisure.
I wouldn't worry so much about a specific %, just ensure you don't piss away money that's needed to live comfortably. Title: Re: How much of my salary should I use to gamble Post by: Alphakilo on May 05, 2024, 02:27:22 PM Dont use specific percentage of your salary, why? First, if your salary is not that big then the amount you will be able to spend on gambling is also too low. Lets say your monthly income is $300-$500 a month and you set 1%-5%, it will be only $3-$5 to gamble. Unless you can enjoy gambling with such a low amount, forget my opinion. Second, if your salary is so huge per month then if you use a specific percentage, you will spend big amount as well. For me, it is better to spend what you can afford to lose only, not depending on specific percentage of your income but after you spend your income for your real life needs first. You should ask yourself what is the lowest amount of money that I can place on a bet which doesn't fall below the minimum amount of deposit set by the casino? This lowest amount of money should be won that if you lose it over and over again you would not feel hurt or bad. When you find the answer to this question, then that is the amount from your salary that you should place on a bet. I have nothing against the percentages but I just feel that there are also other ways that can be personalised by the gambler. Title: Re: How much of my salary should I use to gamble Post by: Yatsan on May 05, 2024, 02:32:27 PM If I were you, I'd just use 10% of it to avoid problems concerning addiction and frustration. Why? Imagine losing 50% of your salary in one sitting, would you be able to accept it instantly? What's most likely to happen is for you to be upset and to try winning it back. And as we all know how gambling works, it could just cost you more. Unlike when you just lost a tolerable amount (yes, always anticipate losing as the worse outcome), at least you'd be able to accept it easily and move on to try on the next day. Winning will never be certain, and this should be an enough warning to not go all out or to not be too crazy of winning. In most instances you will be depending on your luck, which is something we have no control of. Be mindful on being preventive of situations that will bury you deep. Cliché stories of gamblers whose worlds were flipped, won't be there for a reason.
Title: Re: How much of my salary should I use to gamble Post by: uneng on May 05, 2024, 02:41:03 PM what the right percentage from my salary that I should use to gamble? First of all you have to calculate what percentage of your wage all your fixed monthly expenses correspond to. Then, separate an extra budget for emergencies and another extra budget for leisure activities. Inside the leisure budget you will have the portion of money you can use for gambling. It's up to you to decide how much of your leisure funds you want to spend with gambling, because there must be another activities you want to practice for entertainment reasons as well, correct?The percentage will always vary from gambler to gambler, because each individual has their own personal preferences and necessities. Some feel like they need more entertainment dosages, while others need less. It's just important to stick to the initial budget you allocated to leisure for that month, never crossing that line and never spending money you can't afford to lose. And in case your wage is fully compromised in a determined month due to fixed expenses, then don't gamble in any hypothesis. Try to organize your finances for the next months, so you can start gambling once again. Title: Re: How much of my salary should I use to gamble Post by: Miles2006 on May 05, 2024, 02:47:59 PM This is actually difficult cause no one here know the amount you get paid weekly or monthly secondly you’ll have to settle other necessary needs first before wanting to create a budget for gambling, you can decide to create little percentage at first , gambling is a game you play just because you feel like playing not because you saw someone gambling perfectly, I don’t think people will like to share their gambling lose but definitely you’ll have to know most times we don’t get lucky and as new gambler I feel the need informing you. You can always set a list and write down the amount you spent on gambling this week, month after creating the budget so you can know the amount you spent on gambling at the end of the year. Bank apps also work same way, they take record of every transaction details so at the end of the month customers get to see their budget for each month, this act is just a reminder each time you gamble with huge amount
Title: Re: How much of my salary should I use to gamble Post by: Mr. Magkaisa on May 05, 2024, 03:06:48 PM If you want to go the appropriate way, 1% of your salary is okay, but that should be if your salary is enough. Some people may not have money to spare on gambling. If you earn enough, use 1% of your weekly income to gamble. I use 2 to 5% of my weekly income to gamble and it is good for me. It does not feel like I lose anything and sometimes I win. - Here in our country, if it is applied to the 5% that you say, then the minimum wage earner here monthly is playing 300$ monthly, then the salary here is every 2 weeks, So, the 5% evey middle of the month can be played gambling at least if he can get used to this lifestyle, I think the gambler will be able to limit his addiction in the future, and it's possible. turned out to be a responsible gambler in the end. Title: Re: How much of my salary should I use to gamble Post by: Hispo on May 05, 2024, 03:11:24 PM It should only take you some simple calculations for you to be able to determine how much of your salary you are supposed to risk at gambling, in my opinion.
You first need to determine whether your salary is constant or depends on the amount of work available for you to do. Comissions versus fixed wages. After that, you need to calculate the monthly income and your expenses, the calculation must be in such a way you end up having saved money by the end of each month, if your amount of money by the end of each month neglectable then you are not supposed to gamble or risk money. Otherwise, you can take about 5% up to 20% (or whatever you feel comfortable with) to make your gambling budget. It is simple math. Though, the hardest thing which comes to having a game ming budget is to keep it and stick to it regardless of how tempting it could be for your to chase losses or try to go martingale on dices. Also, I would recommend you not to keep a record on your losses, since that will only push you to try to gamble more in order to recover money from the casino. In the end, every casino will let you know this is an entertainment industry and not a scheme to get rich fast. Be advised. Title: Re: How much of my salary should I use to gamble Post by: Mia Chloe on May 05, 2024, 03:25:20 PM If you want to go the appropriate way, 1% of your salary is okay, but that should be if your salary is enough. Some people may not have money to spare on gambling. If you earn enough, use 1% of your weekly income to gamble. If you should stick to the Gambling phrase of staking what you can afford to lose, then It would be safe to say you can stake as much as you wish as long as you can afford losing it. This is where a lot of gamblers make mistakes and make their Gambling losses become huge just because they have the habit of over staking more than they can afford to lose. In my opinion I think one of the most important things that qualifies a gambler as a responsible one is his ability of being able to properly manage his staking habits.I use 2 to 5% of my weekly income to gamble and it is good for me. It does not feel like I lose anything and sometimes I win. Like I always say one thing on the other hand that makes people stay clear from Gambling addicts is Thier problem of staking irresponsibly. Some even to the extent that they totally run out of funds or even go bankrupt. Title: Re: How much of my salary should I use to gamble Post by: Asuspawer09 on May 05, 2024, 03:28:10 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? I usually do around 1% up to 5% of my salary for bets, like right now I have a similar situation since at work we do bets on online gambling websites on NBA games, since its Finals we do a lot of bets online and the discussions are usually about it, I mean we are all NBA fans and its surely fun to do gambling bets on something that you really like it add a thrill on it as well as make you great feeling if you win the bet to mention the potential winning, I mean with a 10$ or 20$ bet you could easily earn 100$ on some easy bets on that, I mean it's a low-risk high reward in my opinion even though it was kinda difficult to do the bets. 5% I think is still manageable in my opinion as long as you know what you are doing you could easily recover from a 5% loss even though you lose that bet, your next salary could easily recover that so I don't see any problem with that as long as your gonna gamble responsibly and moderately. Title: Re: How much of my salary should I use to gamble Post by: acroman08 on May 05, 2024, 04:32:53 PM I am asking the question of what the right percentage from my salary that I should use to gamble? this entirely depends of how much you monthly salary is and how stable is your financial security, what you should always remember is Only gamble what you can afford to lose. Even if you have a steady financial income but you can afford to lose any of it from gambling, then you should not gamble. Title: Re: How much of my salary should I use to gamble Post by: atookz on May 05, 2024, 04:42:58 PM My advice is that before you gamble, it's better to make sure your daily needs are fulfilled first. Use your salary to meet your daily needs first and then use some for savings or investment. After you use it for daily needs and for investment or savings, then you use the rest for gambling. This would be safer in my opinion. Actually, if you ask the percentage I can't say for sure because I don't know what your salary is and what your needs are. But if you want to follow my example, after I use my salary for daily needs and investments, usually there is salary left over and I use around 10% - 20% for gambling then I use the rest of my salary for holidays with my family or just going out to eat.
Title: Re: How much of my salary should I use to gamble Post by: Orpichukwu on May 05, 2024, 04:48:50 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Are you planning on getting into gambling because your colleagues are also gambling, or do you want to start because you want to learn a new form of recreational activity? You need to have a reason first in order to set a good limit and budget that can keep you in place. 1% of your salary is not bad; it's affordable and can't affect your financial budget if removed from it. But for a start, you might not even need to spend up to that 1% of your monthly salary; you can just spend it inside your pocket, which you carry about on a daily basis, on some gambling and see how it goes without too much expectation from it. Title: Re: How much of my salary should I use to gamble Post by: bakasabo on May 05, 2024, 04:59:52 PM I think, that first of all, nobody should tell you how you should spend your salary. If you want, you can spend all of it in one single bet. Of course if you dont regret consequences later. Secondly, you should not stick to «I can spend only X percent of my salary on gambling». Spend whenever you can afford. If I were you, I would subtract all necessary monthly expenses from salary to find that one amount you can spend on fun, whether it be cinemas, gambling, outdoor activities, theatre and etc. And gamble based on that.
Title: Re: How much of my salary should I use to gamble Post by: sunsilk on May 05, 2024, 05:09:11 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? You should know that by yourself because you know the cost of living wherever you are right now and how much expenses do you usually pay with your salary.We're from different places and that's why my suggestion might not fit to you but if it's just about giving a percentage then a solid 5% is already enough if you're the casual type of gambler. But you might go further if you want to because you understand your needs and how much you're willing to lose. Title: Re: How much of my salary should I use to gamble Post by: Cantsay on May 05, 2024, 05:17:55 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? From the replies that’s have already been posted here I guess you should be able to choose how much you’d like to use for your gambling activities. The only advice I’ll give you is that you shouldn’t try to change anything isn’t the future, there are times when you’ll start experiencing wins or losses and that thought of increasing your bankroll so that you can win more will kick in. If you’re able to keep a healthy gambling lifestyle you’d be fine. Title: Re: How much of my salary should I use to gamble Post by: cabron on May 05, 2024, 05:19:15 PM Probably just $5 if you are not open to spending more. It should just depend on how little you want to lose. When you budget some cash only for your gambling each month, it always looks like you expect to lose that amount anyway so you might as well make sure it's as little as possible.
But having a huge paycheck may also make you allocate a larger amount. I hope OP will consult his wife in case there are other plans he doesn't know yet but the wife. Everything is cool when it's all up to you but when you have a partner who should be along your side when deciding then you might have a dilemma, especially if she already knew you gamble. Title: Re: How much of my salary should I use to gamble Post by: Wapfika on May 05, 2024, 05:29:48 PM I think, that first of all, nobody should tell you how you should spend your salary. He is asking an advice on this specific matter so obviously everyone will suggest an opinion. This statement of yours is only valid if the OP itself doesn’t ask for it. Quote If you want, you can spend all of it in one single bet. Of course if you dont regret consequences later. Secondly, you should not stick to «I can spend only X percent of my salary on gambling». Spend whenever you can afford. If I were you, I would subtract all necessary monthly expenses from salary to find that one amount you can spend on fun, whether it be cinemas, gambling, outdoor activities, theatre and etc. And gamble based on that. Some people preferred being organized so that they can properly managed their expenses rather than proceed to what you are suggesting that relies only to what he feels while the OP himself can’t decide on his own about this matter. It’s like someone ask for to solve his problem while your answer is I trust you that you can solve your problem on your own. People like OP that ask or an advice usually just getting an idea then decide for their own once he already knew what’s the most common method. Title: Re: How much of my salary should I use to gamble Post by: Crypto Library on May 05, 2024, 05:42:18 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? It depends on her\his needs also Because he doesn't have to spend only on the side of income or a certain percentage of income because he has to spend money on his family or some percentage of the money that will survive after meeting the needs of the family can be used for your entertainment.Generally I make this strategy with my salaries below 5%. Sometimes I don't have to use the 5% from my salaries because sum of profit from the games. So in this that much fund for you can afford to lose I mean that fund that's North kore affect your family. Title: Re: How much of my salary should I use to gamble Post by: shivansps on May 05, 2024, 05:46:38 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? It's actually very simple here. First of all, you need to understand what your salary is and what country you live in. If you earn, for example, $1000 and live in Georgia, then you will have enough for all your needs and you can use 10 percent at your discretion, for example, for gambling. If you live in Germany, then $1,500 will not be enough for you and you are unlikely to be able to use anything at all for gambling. It all depends on how much you earn and where you live. I would answer your question this way, you can spend as much on gambling as you would not mind losing, that is, you receive salaries, pay all bills, leave the money until the end of the month and from what is left you can spend money on gambling. That is, if you suddenly lose everything, it will not be a disaster Title: Re: How much of my salary should I use to gamble Post by: Fiatless on May 05, 2024, 06:14:36 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? The amount of your salary you will spend on gambling will depend on the cost of living in your country and your plans. Low-income earners whose income cannot cover their monthly expenses have no business with gambling. They will have to focus on providing basic needs rather than gambling. If you live in a country where there is a high cost of living and you can't even save any money because of inflation, you have to consider setting aside little funds for gambling. Secondly, some people don't have any plans for savings and investment, which means they can set aside high funds for gambling since they will have extra funds after allocating funds for their monthly needs. But if you have to budget for savings and future investment, you gambling budget might be affected. Personally, my gambling monthly gambling budget is between 4-6% but it can also increase or decrease based on some circumstances. Title: Re: How much of my salary should I use to gamble Post by: Rabata on May 05, 2024, 06:22:30 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? For gambling, if you get an environment where gambling is discussed at work, there is definitely a gambling environment where gambler can get more advantages in various issues. A gambler will take a percentage of his income to gamble. If you are a middle income job holder then I think you should spend 5% of your income on gambling. And if the amount is more than that then 10 percent or more can be used in gambling. Here the amount depends mainly on the financial condition of a gambler. He can use any amount in gambling that if he loses, saving his family will not be a problem. If a gambler decides his gambling budget in advance it will definitely play a positive role for him.Title: Re: How much of my salary should I use to gamble Post by: 0t3p0t on May 05, 2024, 06:42:32 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? It is not good to use hard earned money in any gambling activities unless it was your extra money that you can afford to lose. Same as using borrowed or loan money in gambling is much worst. But if you still insist to use a portion of your hard earned money from your salary then it us always up to you and I think 5% will do your thing. Title: Re: How much of my salary should I use to gamble Post by: alastantiger on May 05, 2024, 06:59:55 PM why I am asking the question of what the right percentage from my salary that I should use to gamble? The right percentage from your salary that you should use to gamble can only be answered by you. When you receive your income make a budget of everything that you would have to spend the money on. After you have done that, and you have made your calculation then add gambling to the list as the last item. Do the math and know what percentage that comes out to be that should be the percentage for which you should spend on gambling. I tell you ignore the 1% to 5% recommendations. Depending on your income and your needs you may need to go lower than one percent.Title: Re: How much of my salary should I use to gamble Post by: Sandra_hakeem on May 05, 2024, 07:12:37 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? I can't really accertain this as you haven't told us exactly what you do and how much your salary is... :P But lemme assume it's the regular 9-5 job and that could be around $1500? Gambling with just 2% of that is enough for a month. I don't know really get what you mean by "gambling being a popular thing in your locality " - I mean, who follows every societal trend and gets successful with it? The right percentage from your salary that you should use to gamble can only be answered by you. exactly!! How I'm I supposed to know this? I don't even know if he's got kids and all of that.Title: Re: How much of my salary should I use to gamble Post by: Issa56 on May 05, 2024, 07:18:50 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? I don’t see anything bad in gambling, but the addicted gamblers are the ones who are making people think gambling is a bad activity. If you are using part of your salary to gamble, then it’s fine, but you don’t expect me to tell you the percentage that you will be using to gamble, that’s left for you to decide. But you should gamble with just a small amount, the amount that won’t have any effect on you even if you lose it. Since you know the amount you are collecting as a salary, you know the bills you are going to pay, and you know the amount that is supposed to go into your savings account. Then you will know the percentage that is supposed to go into gambling. Title: Re: How much of my salary should I use to gamble Post by: darkangel11 on May 05, 2024, 07:28:13 PM Use as much as you want as long as it feels comfortable and doesn't put you in debt or any life hazards. I personally use a very small part of my income, usually less than 1%, but here we again come to a difference between me and you. I don't know how much you earn and what are your expenses. Someone who earns $5k a month may seem rich, but not if he has a loan to pay, 3 kids and a wife at home and so on. When you earn $5k and spend $4,9k every month to sustain your family, spending 5% on gambling is already a lot, but when you earn $2k, live alone and spend maybe $1k to pay bills and buy food, 1% lost in a casino is nothing.
Title: Re: How much of my salary should I use to gamble Post by: Franctoshi on May 05, 2024, 07:35:37 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? I can't really accertain this as you haven't told us exactly what you do and how much your salary is... :P But lemme assume it's the regular 9-5 job and that could be around $1500? Gambling with just 2% of that is enough for a month. I don't know really get what you mean by "gambling being a popular thing in your locality " - I mean, who follows every societal trend and gets successful with it? Title: Re: How much of my salary should I use to gamble Post by: DaNNy001 on May 05, 2024, 08:10:04 PM The answer to how much you can use for gambling monthly all depends on how much you earn as a worker. Because 5% can be seen a a huge amount for some persons while 5% can also be less than $100 for some persons, and your expenses is still an unknown factor so I can't really dictate for you how much you are to use for gambling, but all I have to say is, after setting all your bills and expenses for the month, then that's when you can set aside a particular amount to be used for gambling. And when setting aside funds for gambling, you must also ensure use too much for gambling should in case of emergency and other unforseen circumstances.
Title: Re: How much of my salary should I use to gamble Post by: Slow death on May 05, 2024, 08:29:15 PM you need to ask yourself the following question: how much money would you take to have fun at the beach? How much money will you spend if you want to go for a walk somewhere? So if you have a salary of 500$ per month and when you pay all the bills you have 100$ left, then in that 100$ you need to decide how many things you will do for fun and after that you divide that 100$ for each thing you will do for fun, for example if you have 100$ to have fun and you want to go to the beach, you want to go have a beer, you want to play in a casino, you want to go to the beach. So you divide 20$ for the beach, 20$ for playing at the casino, 20$ for a beer and then you define the calendar of days that you will do each thing. This way you will have a lot of fun and there will be no risk of becoming addicted to gambling.
because gambling should not be seen as a way to get rich, it should not be seen as a source of stable income, because it is not possible to make a stable profit with gambling, that is why I advise you to only invest money that you you can afford to lose and also don't look at gambling as the only fun there is, diversify the things you intend to do for fun because when people become too focused on gambling and watch gambling games as the only source of fun, so they become addicted to gambling Title: Re: How much of my salary should I use to gamble Post by: Juse14 on May 05, 2024, 08:48:00 PM The answer to how much you can use for gambling monthly all depends on how much you earn as a worker. Because 5% can be seen a a huge amount for some persons while 5% can also be less than $100 for some persons, and your expenses is still an unknown factor so I can't really dictate for you how much you are to use for gambling, but all I have to say is, after setting all your bills and expenses for the month, then that's when you can set aside a particular amount to be used for gambling. And when setting aside funds for gambling, you must also ensure use too much for gambling should in case of emergency and other unforseen circumstances. Indeed, the amount one can afford to gamble each month is contingent on numerous factors, with income standing at the forefront. For certain individuals, 5% of their earnings might loom as a substantial sum; for others, it could fall short of $100. Hence, pinning down an optimal figure for gambling presents itself as a challenging task. What takes precedence is ensuring that all bills and essential outlays are settled before deliberating on the sum earmarked for gambling. Once these financial obligations are laid out distinctly, you can then allocate a specific amount towards indulging in games of chance. Though, there is an essential point to remember: gambling must be played smartly. When you allocate funds for gambling, also ensure that you do not put too much money into it, especially in emergencies or other unexpected situations. First address your financial needs and duties before putting gambling on the table as a priority. Title: Re: How much of my salary should I use to gamble Post by: topbitcoin on May 05, 2024, 08:55:34 PM why I am asking the question of what the right percentage from my salary that I should use to gamble? The right percentage from your salary that you should use to gamble can only be answered by you. When you receive your income make a budget of everything that you would have to spend the money on. After you have done that, and you have made your calculation then add gambling to the list as the last item. Do the math and know what percentage that comes out to be that should be the percentage for which you should spend on gambling. I tell you ignore the 1% to 5% recommendations. Depending on your income and your needs you may need to go lower than one percent.To place gambling as the last entry on the list of your expenditures, including it is not a bad idea. This makes sure that you've already satisfied your primary needs before you think about any more spending other than on your source of entertainment, gambling. It allows you to see clearly what amount is left for indulging in gambling activities. On what percentage should go to gambling, there is no answer set specifically for everyone. While a rule of thumb ranges between 1% and 5% of income, this varies from one person to another based on their unique situations. Factors include but are not limited to: the amount you earn annually, cost of living, long-term savings goal; how frequently you gamble plays a role too. Also, do keep in mind that gambling should be seen merely as a form of entertainment, not a way to earn money. So make sure the stake you put down is one you can afford to part with without it having any bearing on your financial standing. In other words, set aside play money for this purpose and do not count on seeing any returns from it. Title: Re: How much of my salary should I use to gamble Post by: Wexnident on May 05, 2024, 09:01:04 PM ~ Realistically less than 10%, or maybe even less than 5%. I started with around 10% ish back then cause my salary was damn low, but nowadays I only use 5% or so whenever I play since I switched jobs to a better paying one. That's my case, in your case all depends on what you can actually afford. It may even be below 5% if you're struggling so far so it all depends. If you're just starting out I'd recommend somewhere around 3-5%? That's after you calculate every expense btw like bills, savings, investments and whatnot. Title: Re: How much of my salary should I use to gamble Post by: Cookdata on May 05, 2024, 09:16:32 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? You just want to chase shadow the rest of the people are chasing, there is no any justification for this to make you to gamble unless you have it in mind to gamble in the first place. If you want to gamble, it's fine but stop saying ttere is no shame in gambling, who says it was in the first place? It's a social of entertainment and sometimes make money but not often as you think because it's not an investment but "gambling" as you put ir in context to your subject. As for your salary, if you know you can afford to lose your salary to bet, then it's your choice to gamble, there is no specific money needed to gamble, only what you can afford to lose but we have some people that based their initial bankroll on the percentage of their salary. Some used 2% to 5% of their income to bets every month. If you can do the math's and try the same, it's fine but I hope it's something you can afford to lose. Title: Re: How much of my salary should I use to gamble Post by: Mia Chloe on May 05, 2024, 09:18:41 PM ~ Realistically less than 10%, or maybe even less than 5%. I started with around 10% ish back then cause my salary was damn low, but nowadays I only use 5% or so whenever I play since I switched jobs to a better paying one. That's my case, in your case all depends on what you can actually afford. It may even be below 5% if you're struggling so far so it all depends. If you're just starting out I'd recommend somewhere around 3-5%? That's after you calculate every expense btw like bills, savings, investments and whatnot. However In addition to all I have said , it think logically it's safe to stake between the range of at most 10% of one's income. This is because you can't really say you can afford losing 30% of your income. Title: Re: How much of my salary should I use to gamble Post by: famososMuertos on May 05, 2024, 09:23:21 PM ...//:; It's zero, don't believe in tall tales, look for additional income and manage it like a bankroll, use appropriate bet size, etc. And learn that you are basically going to war with variance, yeah! then, you are going to lose many times, hence, You look to be in breakeven as long as possible. Title: Re: How much of my salary should I use to gamble Post by: AmoreJaz on May 05, 2024, 09:36:43 PM ...//:; It's zero, don't believe in tall tales, look for additional income and manage it like a bankroll, use appropriate bet size, etc. And learn that you are basically going to war with variance, yeah! then, you are going to lose many times, hence, You look to be in breakeven as long as possible. This should be the case if you decide not to go in gambling sites. But if the OP really wanted to play, then, spend only your extra money after you lessen your basic expenses plus savings. It is always best to gamble your spare money so you won't regret losing it. In this case, you will be the only one who really know how much you can spend in your gambling activities. Do remember, losing is always part of this game, so don't consider that you will be winning at the end of your game, be conservative with your estimates. Title: Re: How much of my salary should I use to gamble Post by: alani123 on May 05, 2024, 09:39:30 PM First of all just because your colleagues gamble doesn't mean you should do it too. If the market for it only recently was opened up then naturally people will maybe have an over excited reaction to it. But you don't need to follow if you don't like it.
As of the question on money... See what part of your salary is left after your expenses to live comfortably. Can you save enough to invest? If you can't save much if anything then that's another reason to consider that maybe gambling isn't for you. It's best to save even a few dollars a month than nothing because you never know what situation is going to arise. If you happen to lose your job and while searching for another, these few dollars are going to buy you food. Gambling would make you worse in this situation. Now, if you're comfortable saving up and keeping money in reserves, you could deduct a very small portion of that money to go towards gambling without any remorse. Title: Re: How much of my salary should I use to gamble Post by: Raflesia on May 05, 2024, 09:43:47 PM It depends on how much you can afford to lose because this ultimately determines your fate in gambling.
Everyone's income and expenses are different so we really need to adjust to what we get from income and expenses that we will do including for unexpected funds then you can calculate how much there will be for gambling. For now I still do it with small stakes because even in gambling I am not too interested in other games apart from sportsbetting so in this case I always set aside funds around $10-$25 to make a bet because I realize that if it is too big than that I will not be able to bear it so I prefer to gamble with a slightly smaller bet than I have to bear something that I cannot complete later. Title: Re: How much of my salary should I use to gamble Post by: JMBitcointernational on May 05, 2024, 09:46:18 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? i have not tried to gamble with any percentage of my salary because my salary is very important to me other than gambling, my salary is quite meant for investment and other domestic use. i prefer trading crypto and use a bit percentage of the profit i made after trading to gamble and if i win the money then i will also use it to buy coins and hodl. However, just like you said op that the majority of the people in your area gamble and that gambling is quite legalized in your area so i would advise incase you want to gamble just like every other person, if you are a salary dependent try as much as possible not to imitate others because there are variations in salary so that you will not end up losing all to gambling, therefore you can start o.5% or at most 1% of your salary to gamble in other to be on the safer side.Title: Re: How much of my salary should I use to gamble Post by: imamusma on May 05, 2024, 10:20:15 PM It depends on how much you can afford to lose because this ultimately determines your fate in gambling. You have made a wise decision, it is quite difficult to quit gambling if you are already enjoying it, but by managing your budget according to your abilities and income you can at least avoid big losses. In my opinion, many people fail to apply principles like that, so that in the end they gamble no longer for fun, but to chase victory. Besides that, if gambling has made life narrower, and we no longer enjoy it as a way to find pleasure, that is a sign to stop before things get worse. On the other hand, don't let gambling activities affect your responsibilities in terms of work. Especially if we are the head of the family, who is not only responsible for finances, but we have to give time and attention too.Everyone's income and expenses are different so we really need to adjust to what we get from income and expenses that we will do including for unexpected funds then you can calculate how much there will be for gambling. For now I still do it with small stakes because even in gambling I am not too interested in other games apart from sportsbetting so in this case I always set aside funds around $10-$25 to make a bet because I realize that if it is too big than that I will not be able to bear it so I prefer to gamble with a slightly smaller bet than I have to bear something that I cannot complete later. Title: Re: How much of my salary should I use to gamble Post by: Dr.Bitcoin_Strange on May 05, 2024, 10:20:37 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Use any amount from your salary that you can afford to lose. If you can afford to lose all your salary to gamble, then feel free to do so and remain hungry for the rest of that month, or you can rely on other people for survival after you have spent all your salary on gambling. Take that as a joke or whatever, but by right, you should know the amount that is only required of you to be used for gambling, and perhaps you did not even mention the amount you are earning as a salary. If, for example, you earn $5000 per month and someone asks you to use 20% for gambling, that's a huge amount to waste on gambling. I will say, depending on your salary amount, that is what should determine the amount you can spend on gambling, but it should be in the range of 1%–5%. Title: Re: How much of my salary should I use to gamble Post by: seoincorporation on May 05, 2024, 10:35:08 PM It's a tricky question because we don't know how much your salary is... If you earn $2k/week, then 10% would be a good amount to risk without feeling the pain of the loss, but if your salary is a lot more, then you could only use the 3% of it.
And if your salary is low, you could consider rist a big portion of it, something like 50% that way if you win it would be like double up or triple up your salary. Title: Re: How much of my salary should I use to gamble Post by: Odusko on May 05, 2024, 10:39:33 PM Some times, it is a stupid thing to do gambling with your income as in form of salary, because that shows the level of your greed and addiction to Gambling, since it makes no sense to with money that you can not afford to lose because your salary in this context is something you worked and earned that reason it is important not to gamble with such money because you will be under pressure to deliver at most.
So you have to gamble with money that is a set aside funds and you have no reason whatsoever to be sad or under pressure if you lose the money while gambling. Title: Re: How much of my salary should I use to gamble Post by: Fortify on May 05, 2024, 10:50:52 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? This is a highly personal question and the answer can be very dynamic depending on your income level. If you are a low earner who is struggling to get by every month, you should maybe make it a fixed amount of say $5 or $10. If you're a middle income earner you can afford to be slightly more flexible and allocate yourself some "fun money" for entertainment, a portion of which you may wish to spend on gambling, which could be anything up to 5 or even 10% of your monthly earnings - you've worked hard for it after all. If you are in the richer bracket then often times you can spend as much as you want, but may do it relatively infrequently because the lure of earning extra money when you've already got enough can be diminished, especially when you know how the odds are stacked against you in betting. Title: Re: How much of my salary should I use to gamble Post by: robelneo on May 05, 2024, 11:35:13 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? It depends on your status in life if you're single and earning a lot or a minimum wage earner but it should be on the level where you aren't gambling too much that's taking away so much of your time and effort. Remember gambling should be for entertainment and your allocation should be on a level that you will be entertained not to the point that you are trying to invest in making money or trying to chase your past losses, so it's 1% if you're earning a lot and 5% or less if you're a minimum earner your logic should be your basis. Title: Re: How much of my salary should I use to gamble Post by: STT on May 05, 2024, 11:39:31 PM Depends on a variety of things, some people should be using any spare funds to overpay their mortgage or gain better healthcare coverage or insurance generally. You may not have the amount of cash spare you believe you do.
The obvious answer when new is to start low as you dont have the full experience of the game and any details that might gain or lose you a bet in future. So start small, like the same amount as you might spend on candy and crisps just for learning the game. I dont see the need to bet anything larger till fully confident of knowing the bias to win or not. Title: Re: How much of my salary should I use to gamble Post by: Raflesia on May 06, 2024, 07:39:08 AM It depends on how much you can afford to lose because this ultimately determines your fate in gambling. You have made a wise decision, it is quite difficult to quit gambling if you are already enjoying it, but by managing your budget according to your abilities and income you can at least avoid big losses. In my opinion, many people fail to apply principles like that, so that in the end they gamble no longer for fun, but to chase victory. Besides that, if gambling has made life narrower, and we no longer enjoy it as a way to find pleasure, that is a sign to stop before things get worse. On the other hand, don't let gambling activities affect your responsibilities in terms of work. Especially if we are the head of the family, who is not only responsible for finances, but we have to give time and attention too.Everyone's income and expenses are different so we really need to adjust to what we get from income and expenses that we will do including for unexpected funds then you can calculate how much there will be for gambling. For now I still do it with small stakes because even in gambling I am not too interested in other games apart from sportsbetting so in this case I always set aside funds around $10-$25 to make a bet because I realize that if it is too big than that I will not be able to bear it so I prefer to gamble with a slightly smaller bet than I have to bear something that I cannot complete later. I think that is much more important because in the end if we are able to make ourselves still able to gamble and without feeling lost at all considering that the budget that is done for gambling is according to the level that you can understand then indeed it is the most important thing so that we avoid the worst possibility in gambling, namely the problem of addiction which is always avoided by most gamblers. Title: Re: How much of my salary should I use to gamble Post by: Assface16678 on May 06, 2024, 07:39:34 AM This has been discussed many times in this section and like what I'm answering to the same topic, I think if you want to gamble using your own salary or you don't have any other money than your salary then I think its better to do percentage, it will depends on what percentage of your salary you can use for gambling, bear in mind that you should consider that percentage of money as it will be lost, we know that there are no certainty in gambling and based on what you will play the odds of winning might be little, so measure and balance it for yourself, if you know you can't afford to lose too much many then allocate only a small portion of your salary or if you'd like find a side hustle so that you can support your gambling hobbits, in that way you will have more funds to enjoy yourself without worrying of affecting your financial state.
Title: Re: How much of my salary should I use to gamble Post by: Z_MBFM on May 06, 2024, 07:52:59 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Gambling is entertainment which can also be called paid entertainment so if your job salary is low enough to support your family then you should not waste your money on gambling. Because if you lose gambling, it will be difficult to meet the expenses of your family. and if you have a solid enough income then you can spend 5-10% of your income on gambling. and can take the fun from there. But if you spend more than this amount on gambling, you will become addicted to gambling and you will not hesitate to spend your entire salary on gambling.Title: Re: How much of my salary should I use to gamble Post by: Bitinity on May 06, 2024, 08:01:59 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? This is something subjective, you should know how much is the wise amount for you to gamble. You cant rely on other's opinions because you are the only one who know your own financial situation. I'm sure you are mature enough to decide how much to spend on gambling. My suggestion, gamble with your spare money only, money that will not affect your life if you lose it on gambling. Title: Re: How much of my salary should I use to gamble Post by: passwordnow on May 06, 2024, 08:18:09 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with In what locality or country you are living? There are a lot of localities where gambling is legal to their citizens but there are also places where they prohibit locals to gamble but only allows tourists to do it. If you're in Vegas or Macao then it's possible that you're part of the crowd that you'd gamble with anything that you have and there's no need to be ashamed of it when the biggest industry in your area is about gambling. As part of it, you're supporting your economy but at the same time, you're also enjoying and probably winnng some. that is why I am asking the question of what the right percentage from my salary that I should use to gamble? How much do you need from your salary to live comfortably? you don't need to answer how much your salary is but just take out what you need from there and whatever is left could be for your savings and as well as leisure and other recreational activities. Therefore, your gambling fund should come from there and set it coming from 1%-10% and whichever you are comfortable doing that and taking it out from means that you're not going to be problematic if ever you lose. That's why it's an amount that you afford to lose as we used to say.Title: Re: How much of my salary should I use to gamble Post by: Z390 on May 06, 2024, 08:23:54 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? These types of questions are categorized as stupid questions to me, how can someone tell you what to do with your hard-earned money? You are the only one that knows the amount of money you spend on bills and other things, so you should be able to figure out how much you will be happy to lose from the whole salary. I am a boss of myself, I don't work under anyone, and if I feel the need to gamble I will only do so with what I can afford to lose, it is not a must, assuming I feel like gambling and I don't have the money it is still fine, I mostly feel like gambling when I have extra cash on me that is if I don't have anything else to spend money on. It is possible that you will lose the money, always have this in mind, so you don't have to be reckless with your hard earned money, risk only wjay you can afford to lose, because at the end of the day when there is nothing left, you will suffer for it before you make another money. Be a responsible gambler instead, always think about the losses more than if you win. Title: Re: How much of my salary should I use to gamble Post by: Dewi Aries on May 06, 2024, 08:32:10 AM Anyone, especially adults, are free to gamble or that means they are allowed to engage in gambling, especially when their country legalizes gambling activities and the rest is up to the gambler himself in terms of treating his gambling activities, but in the end it is still always recommended to treat gambling in moderation by putting a lot of restrictions on involvement such as in terms of time and budget. If in your place or in your neighborhood gambling is like a common thing that is often done then yes as much as possible you should be able to treat gambling in a reasonable way.
The main thing that must be considered is to understand how gambling actually is, you must understand how to get a win where most wins will only come when you are lucky and nothing more than that, and the other thing is that we also have to understand that the risks in gambling can never be avoided completely, This means that as long as you gamble then the possibility of defeat will continue to lurk when you are away from luck and by having this understanding I am sure that it is less likely for you to take irrational actions, and in my opinion the effective amount of budget allocation is to put 5% of the total salary you get to allocate to gambling, not more than that. Title: Re: How much of my salary should I use to gamble Post by: bakasabo on May 06, 2024, 08:32:21 AM I think, that first of all, nobody should tell you how you should spend your salary. He is asking an advice on this specific matter so obviously everyone will suggest an opinion. This statement of yours is only valid if the OP itself doesn’t ask for it. Quote If you want, you can spend all of it in one single bet. Of course if you dont regret consequences later. Secondly, you should not stick to «I can spend only X percent of my salary on gambling». Spend whenever you can afford. If I were you, I would subtract all necessary monthly expenses from salary to find that one amount you can spend on fun, whether it be cinemas, gambling, outdoor activities, theatre and etc. And gamble based on that. Some people preferred being organized so that they can properly managed their expenses rather than proceed to what you are suggesting that relies only to what he feels while the OP himself can’t decide on his own about this matter. It’s like someone ask for to solve his problem while your answer is I trust you that you can solve your problem on your own. People like OP that ask or an advice usually just getting an idea then decide for their own once he already knew what’s the most common method. Then OP should give more details about himself. How can we tell him what % of his salary he spend, when we dont know how much he earns and how much he must spend monthly to get to "nett" or "free" money he has. Ok, if I say 5% will that do and suit him? Nobody knows. If we tell him that 5% is ok, he will gamble only for that amount, but what if he can gamble for more? Imo there is no one correct and incorrect answer for him. We can only suggest him the default one - he can use the amount he can allow to lose. Title: Re: How much of my salary should I use to gamble Post by: Crypt0Gore on May 06, 2024, 08:58:43 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Your point is not helping enough, how much are you earning? How much are you spending on bills? There are things you need to put into consideration first. They say health is wealth, how much are you saving for emergency purposes? Because anything can happen at any time. To say the truth, gambling should take the lowest amount of money from your whole salary, because there is a huge chance that you will lose your money, so with something this risky it's better to play with very small cash. I like risking a percent of my entire money that I make per week, I don't spend more than $20 on gambling per month now, before it was a bit higher but now I am struggling to keep up as I am slowly not getting entertained in gambling like before. Title: Re: How much of my salary should I use to gamble Post by: Strongkored on May 06, 2024, 09:00:35 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? It must be based on your abilities, if you can budget more than 5% of your salary then do so, if not then reduce it, but it is best to budget after you have met all your main needs and set aside the remaining money available because gambling is not an activity that guarantees you can earn and in my opinion it's better to make it just an activity to get pleasure if you lose then you don't feel upset and if you win it's luck because you get extra money at that time, and don't expect it to always happen in your gambling.Title: Re: How much of my salary should I use to gamble Post by: rahmad2nd on May 06, 2024, 09:28:57 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Your question is, based on the salary you get, how much should you budget for this hobby? My answer is simple, whatever you want and can afford to lose. remember, whatever it is there is always a risk. Every choice is in your hands, and basically no one can limit you according to your own wishes. It's okay for you to look for comparisons or references for the bankroll you have to prepare from a fraction of the salary you get, but it's not certain that you will agree with every opinion or suggestion that we discuss in this thread. Moreover, referring to your thread, it seems that gambling is very familiar to you and the environment around you. In fact, we can discuss it from various points of view related to what your question is. But what I think is important is why you are doing a gambling session. Whether you're having fun, making money from your gambling, or just having fun while spending your free time, there are various reasons why people gamble, apart from wanting to win. Moreover, if the win you want to get is at a fantastic value. Well, I like gambling, the most dominant bet is sports. However, there are rules in the gambling that I do. before I gamble, I have to fulfill all the family's basic needs first. the rest, budget for emergency money. after that, then I can bet with the remaining extra money. but usually, I rarely distract from the main income results. The point is, the money I bet is mostly from side jobs that don't interfere with anything. meaning, I can start with even the lowest bankroll. or, I can bet with a large bankroll. Most importantly, no one is harmed, including my own financial situation, especially when I lose. Title: Re: How much of my salary should I use to gamble Post by: angrybirdy on May 06, 2024, 10:26:27 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Is it okay to talk about gambling in your workplace? In our case, it is not allowed to talk about gambling and it is included in our work ethics manual, even simple bets, but if it is outside the workplace, it is allowed. Anyways, not sure if there is really a right percentage or amount from the work salary that we can use for gambling because I don't do it, Usually the money I use for gambling is my extra money or when I have money saved from my sideline because the money I earn is allocated only for important things and bills but if that's what you do, you can use 5-10% of your cut off salary and just stick to that % so you can balance your money, remember You can quickly run out of money once you lose in gambling, so you should be prepared for the possible outcomes once you gamble too much. Title: Re: How much of my salary should I use to gamble Post by: irhact on May 06, 2024, 10:39:16 AM Is it okay to talk about gambling in your workplace? In our case, it is not allowed to talk about gambling and it is included in our work ethics manual, even simple bets, but if it is outside the workplace, it is allowed. Anyways, not sure if there is really a right percentage or amount from the work salary that we can use for gambling because I don't do it, Usually the money I use for gambling is my extra money or when I have money saved from my sideline because the money I earn is allocated only for important things and bills but if that's what you do, you can use 5-10% of your cut off salary and just stick to that % so you can balance your money, remember You can quickly run out of money once you lose in gambling, so you should be prepared for the possible outcomes once you gamble too much. Well an extra money could be any percentage of an individuals income but left for i won't gamble with anything beyond 5% of my income. If gambling didn't involve lots of risk i think i would've gone beyond 5% but since I'm aware that it involves lots of risk then be on the safer side I'll only invest what I'll be willing to lose without feeling very bad, which is 5% of my income. Title: Re: How much of my salary should I use to gamble Post by: GigaBit on May 06, 2024, 10:57:47 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Is it okay to talk about gambling in your workplace? In our case, it is not allowed to talk about gambling and it is included in our work ethics manual, even simple bets, but if it is outside the workplace, it is allowed. Anyways, not sure if there is really a right percentage or amount from the work salary that we can use for gambling because I don't do it, Usually the money I use for gambling is my extra money or when I have money saved from my sideline because the money I earn is allocated only for important things and bills but if that's what you do, you can use 5-10% of your cut off salary and just stick to that % so you can balance your money, remember You can quickly run out of money once you lose in gambling, so you should be prepared for the possible outcomes once you gamble too much. Now let's focus on income. A job holder will not be able to gamble with his share of income if he wants to because his money is divided according to different factors. In this case, if he spends a little more money, he will be financially a little unhappy because he has to spend for his entire family. If a gambler spends 5 percent of his monthly income on gambling it will not be a problem for as usual gambling. Title: Re: How much of my salary should I use to gamble Post by: aioc on May 06, 2024, 11:08:48 AM There is no specific answer each individual has their reason for the percentage they allocate for gambling but whatever the amount you should make sure that you allocate first for payment of all the bills and all your family and your needs and savings, your allocation should not hurt your family's finances, you will enjoy your gambling session knowing that you don't have to win so you can sustain your needs.
Title: Re: How much of my salary should I use to gamble Post by: Peanutswar on May 06, 2024, 11:18:42 AM As long as you have extra money you are willing to let go. Gambling's goal is to give satisfaction and entertainment but it doesn't mean that it's on your top priority make sure to keep yourself financially stable, cater your expenses, basic necessities and etc. so you can survive on a daily basis now if you have an extra money and would like to enjoy playing gambling. Base on my experience I just have an extra of 10-20% of my salary but most of the time I just play-end of the month now, and if i win in my account I didnt withdraw that much so I don't need to make a deposit and withdrawal again, I know this is not recommended but the amount is not too much huge as you guys expected.
Title: Re: How much of my salary should I use to gamble Post by: moneystery on May 06, 2024, 11:47:34 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? it depends on how much your salary is. if it's not too big, you don't need to spend more than 30% of your salary just to gamble, but if it's big enough you can spend a maximum of 10% of your salary to gamble. but that's just my estimate, because there is no definite calculation of how much someone should gamble with their money because each person's calculation can be different. so you should be able to calculate for yourself how much money you should gamble from your salary. Title: Re: How much of my salary should I use to gamble Post by: Fiatless on May 06, 2024, 12:16:32 PM There is no specific answer each individual has their reason for the percentage they allocate for gambling but whatever the amount you should make sure that you allocate first for payment of all the bills and all your family and your needs and savings, your allocation should not hurt your family's finances, you will enjoy your gambling session knowing that you don't have to win so you can sustain your needs. That's true. News, like someone used house rent, school fees, savings, and selling properties to gamble wouldn't occur if there was a well-enforced gambling budget. The general view is to gamble with what you can afford to lose but let me add that we should gamble with the amount that will not affect our plans. I expect every responsible gambler to always set aside funds for savings before crediting any casino account. Most gamblers complain that they don't have money to invest because of inflation but they still afford money to gamble. I have friends who will tell you that funds used for gambling are small and insignificant. But you will know that that money you call insignificant will become huge if you save for a long time. You will be a happier gambler if you can take care of your needs, have savings and if possible an investment. Title: Re: How much of my salary should I use to gamble Post by: GideonGono on May 06, 2024, 12:55:26 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? I only gamble with my spare money, but if I would set up a percentage it would only be small so that it wouldn't affect me much.I also don't want to do it regularly, I only gamble when I feel like it, so I am not setting up a percentage from my salary for it. Title: Re: How much of my salary should I use to gamble Post by: Casdinyard on May 06, 2024, 01:43:02 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Ideally you shouldn't dedicate a portion of your budget when you gamble, cause that paints the image in your head subliminally that you're prepping yourself for something like gambling, which is not supposed to be something you should look out for. I think you should not give in to peer-pressure too, just because gambling is becoming a more widespread activity amongst your countrymen and colleagues doesn't mean it's the best thing to do out there, better yet not the most productive thing you could do out of your spare time. Pretty sure these people when unchecked will end up becoming gambling addicts and a menace to society once shit hits the fan and they don't have money to splurge on gambling anymore, if you wanna end up like these people then go for it. Gambling out of peer-pressure is one of the most stupidest things you could do to yourself, you're literally digging your own grave just because your friends are telling you to do it. Research, find out for yourself if gambling is really for you, don't go out there thinking it's good to gamble cause the hot co-worker told you she's gambling. Title: Re: How much of my salary should I use to gamble Post by: Zigabel on May 06, 2024, 02:30:31 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Well this has a whole lot to do with preference a d so no answer can be absolutely correct nor wrong but then what I'm very sure of is in the fact thst some percentage are Ideal so you can aswell be able to handle other bills with the remaining of your salary. Personally from my perspective anything above 5% is too much and not a safe percentage to adopt because you may eventually get Togo bankrupt and in some cases addiction will creep in. Gambling is supposed to be a form of entertainment so spending upto 5% of ur salary on entertainment I think is a fair one.You may actually get to have other needs that are most crucial and essential to you which you can get to spend more of your funds on so you don't have to get entertainment with a greater part of your pay cheque as it's not ideal . Title: Re: How much of my salary should I use to gamble Post by: Blitzboy on May 06, 2024, 02:35:50 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Your question is, based on the salary you get, how much should you budget for this hobby? My answer is simple, whatever you want and can afford to lose. remember, whatever it is there is always a risk. Every choice is in your hands, and basically no one can limit you according to your own wishes. It's okay for you to look for comparisons or references for the bankroll you have to prepare from a fraction of the salary you get, but it's not certain that you will agree with every opinion or suggestion that we discuss in this thread. Moreover, referring to your thread, it seems that gambling is very familiar to you and the environment around you. In fact, we can discuss it from various points of view related to what your question is. But what I think is important is why you are doing a gambling session. Whether you're having fun, making money from your gambling, or just having fun while spending your free time, there are various reasons why people gamble, apart from wanting to win. Moreover, if the win you want to get is at a fantastic value. Well, I like gambling, the most dominant bet is sports. However, there are rules in the gambling that I do. before I gamble, I have to fulfill all the family's basic needs first. the rest, budget for emergency money. after that, then I can bet with the remaining extra money. but usually, I rarely distract from the main income results. The point is, the money I bet is mostly from side jobs that don't interfere with anything. meaning, I can start with even the lowest bankroll. or, I can bet with a large bankroll. Most importantly, no one is harmed, including my own financial situation, especially when I lose. Title: Re: How much of my salary should I use to gamble Post by: hyudien on May 06, 2024, 04:26:57 PM There is no specific answer each individual has their reason for the percentage they allocate for gambling but whatever the amount you should make sure that you allocate first for payment of all the bills and all your family and your needs and savings, your allocation should not hurt your family's finances, you will enjoy your gambling session knowing that you don't have to win so you can sustain your needs. I agree with that, because indeed when we receive a salary from our work, the thing that must be considered first is our needs, whether it is meeting or helping family needs such as paying monthly bills, or saving or others. After that and there is still money left over, then use it for our desires whether for entertainment or fulfilling our own desires such as buying property or others. Let's say there is still a lot of money left over from payday, but even with that leftover money, we must be able to limit the budget allocated to gambling, do not allocate large amounts of money such as spending all the remaining salary if the amount is large enough.Also, if for example the remaining money from the salary is small, do not expect that by betting it on gambling it can make us get a large multiplier so that it can make a lot of money that was previously small, if like that there is a possibility that we will not be able to accept when the money at stake is lost or experience defeat with the gambling that is done. Title: Re: How much of my salary should I use to gamble Post by: Dewi Aries on May 06, 2024, 04:35:50 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? I only gamble with my spare money, but if I would set up a percentage it would only be small so that it wouldn't affect me much.I also don't want to do it regularly, I only gamble when I feel like it, so I am not setting up a percentage from my salary for it. On the other hand as you say you only allocate small amounts of money to gambling and also you don't gamble very often and only gamble when you feel like it and by having this approach then obviously it is less likely for you to experience some of the significant adverse effects that many people who try to treat gambling in the wrong way tend to overdo it, and basically whatever your salary is I think it is less likely for you to experience financial problems as a result of being involved in gambling. Title: Re: How much of my salary should I use to gamble Post by: Ojima-ojo on May 06, 2024, 04:58:04 PM There is no specific answer each individual has their reason for the percentage they allocate for gambling but whatever the amount you should make sure that you allocate first for payment of all the bills and all your family and your needs and savings, your allocation should not hurt your family's finances, you will enjoy your gambling session knowing that you don't have to win so you can sustain your needs. I agree with that, because indeed when we receive a salary from our work, the thing that must be considered first is our needs, whether it is meeting or helping family needs such as paying monthly bills, or saving or others. After that and there is still money left over, then use it for our desires whether for entertainment or fulfilling our own desires such as buying property or others. Let's say there is still a lot of money left over from payday, but even with that leftover money, we must be able to limit the budget allocated to gambling, do not allocate large amounts of money such as spending all the remaining salary if the amount is large enough.Also, if for example the remaining money from the salary is small, do not expect that by betting it on gambling it can make us get a large multiplier so that it can make a lot of money that was previously small, if like that there is a possibility that we will not be able to accept when the money at stake is lost or experience defeat with the gambling that is done. Title: Re: How much of my salary should I use to gamble Post by: bitbollo on May 06, 2024, 05:02:01 PM you must use the same amount of salary that you doesn't really need and you can even trash.
You must always use money that you don't need or money that you can allocate for "fun". I mean it's like you're paying for an hobby/streaming tv and so on... it's just on you the right amount, it depends your needs, your financial target and so on. Title: Re: How much of my salary should I use to gamble Post by: mirakal on May 06, 2024, 05:58:27 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? If you are earning well, you can spare around 10% of your monthly salary reserved for gambling, but it’s okay if you go beyond that as long as you can manage your losses and won’t never be an issue. However, if you are earning a minimal amount, I suggest don’t force yourself to gamble. Gambling is meant to be fun and entertaining, not an obligation that is compulsory to fill in. Just gamble when you think you are already able enough, that you will be comfortable already of losing some amount.Title: Re: How much of my salary should I use to gamble Post by: Marykeller on May 06, 2024, 06:57:50 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? That would be how much you can willingly stake in gambling without having it affect the provision for yourself or that of your family.Gambling as a salary earner(monthly or weekly) should be done approximately as Oshosondy has advised "using 1% to 5% of your salary weekly". Going above that will make one feel terrible each time they experience losses in gambling. A married man who is a salary earner who bets above their weekly expenses will be affected in providing for their family, which can cause one to act aggressively towards their wife and when they can't provide for their family it can lead to domestic violence against their wife. Title: Re: How much of my salary should I use to gamble Post by: Zadicar on May 06, 2024, 07:16:25 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? That would be how much you can willingly stake in gambling without having it affect the provision for yourself or that of your family.Gambling as a salary earner(monthly or weekly) should be done approximately as Oshosondy has advised "using 1% to 5% of your salary weekly". Going above that will make one feel terrible each time they experience losses in gambling. A married man who is a salary earner who bets above their weekly expenses will be affected in providing for their family, which can cause one to act aggressively towards their wife and when they can't provide for their family it can lead to domestic violence against their wife. It wouldnt really be wise if you would really be keeping on doing this kind of spending but if you do have that multiple income source then it wont really be that much of an issue but if you are someone whose really that having a single source then spending up 20% is something that you could really be able to spend up on something more important. Gambling is really just that for leisure and if you are someone whose really that liking gambling then spending up too much then it would be your choice but of course there would really be that consequences if you have done it too much or something that do talks about spending like a madman. You would really be ending up on something that you dont like to happen in your life. Title: Re: How much of my salary should I use to gamble Post by: Renampun on May 06, 2024, 07:22:42 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? So, now how much income do you have for a month? try to only use 15% or 20% of your income or salary to gamble for a whole month because it is impossible for you to use 50% of your salary or 100% of your salary to gamble, you must be crazy if you do this. Gambling is a risky activity, unless you have a lot of cold money then there is nothing wrong with putting a lot of money into playing, but if your money is small and you are still a worker then don't gamble excessively. Title: Re: How much of my salary should I use to gamble Post by: Antotena on May 06, 2024, 07:24:08 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? You didn't specify the amount if you want to us to tell you the amount to spare for gambling. Imagine you are earning $100 a month for instance and I tell you to use 5% of your money to gamble, how do you think it's possible to achieve that dream of gambling with $5, some casino can allow you to have a minimum wager of $0.5 but your return will be small even if you try multipliers. I think you should know better an amount you know it's affordable for you to use in gambling, if you go and listen to other people advice and wager big amount, you will suffer alone without anyone there to give you the support you need the days you don't win anything and using a lot of money for gambling, you will likely run of more bills to be paid. Title: Re: How much of my salary should I use to gamble Post by: Aanuoluwatofunmi on May 06, 2024, 07:25:53 PM Some people can asked any sort of weird question sounding ridiculous to the ear, why should someone think of using his salary for gambling in the first place, then can boldly come up to the public in asking as well on the amount to be ratioed for gambling from salary income, i know as well that some would have also given ridiculous answers like the entire salary for gambling, because this is something we just need to understand that we are gambling all because we are able to afford doing so, and we should gamble with the amount of money we are capable of loosing.
Title: Re: How much of my salary should I use to gamble Post by: summonerrk on May 06, 2024, 07:34:01 PM I'll be honest.
I do not adhere to strict money management in gambling. It's not every month that I set aside a certain amount for gambling. Sometimes my mood determines whether I'm going to play or not. It happens that for a whole month I don't touch gambling at all, because I'm happy with my life. I understand that you need to be reasonable and control your expenses, but sometimes it's hard to restrain your desires and emotions. And because of this, sometimes I can spend more than the norm on gambling. Title: Re: How much of my salary should I use to gamble Post by: hedgeh0g on May 06, 2024, 07:43:07 PM I'll be honest. Sometimes I allow myself to play with risk in gambling and test my luck, mainly in hockey, football and even e-sports. I probably lose more than I win, but the process of the game itself is important to me. I have a small set aside amount for all my expenses and I take from it when I see that there will be super games and super matches. I like to bet on big events. So, I can place a lot of bets on a major tournament and this could be half of my salary, but next month I won’t make a single bet, so it’s always different. Although here you can get carried away quite easily and lose your entire salary if you lose control of yourself, so you need to be careful.I do not adhere to strict money management in gambling. It's not every month that I set aside a certain amount for gambling. Sometimes my mood determines whether I'm going to play or not. It happens that for a whole month I don't touch gambling at all, because I'm happy with my life. I understand that you need to be reasonable and control your expenses, but sometimes it's hard to restrain your desires and emotions. And because of this, sometimes I can spend more than the norm on gambling. Title: Re: How much of my salary should I use to gamble Post by: summonerrk on May 06, 2024, 07:55:08 PM I'll be honest. Sometimes I allow myself to play with risk in gambling and test my luck, mainly in hockey, football and even e-sports. I probably lose more than I win, but the process of the game itself is important to me. I have a small set aside amount for all my expenses and I take from it when I see that there will be super games and super matches. I like to bet on big events. So, I can place a lot of bets on a major tournament and this could be half of my salary, but next month I won’t make a single bet, so it’s always different. Although here you can get carried away quite easily and lose your entire salary if you lose control of yourself, so you need to be careful.I do not adhere to strict money management in gambling. It's not every month that I set aside a certain amount for gambling. Sometimes my mood determines whether I'm going to play or not. It happens that for a whole month I don't touch gambling at all, because I'm happy with my life. I understand that you need to be reasonable and control your expenses, but sometimes it's hard to restrain your desires and emotions. And because of this, sometimes I can spend more than the norm on gambling. Your approach is very similar to mine, except that I'm a fan of poker and slots. I don't really like esports, because I think everything is bought there in advance. And matches are often fake, and their outcomes are controlled by the mafia. And this is even at the highest level, and I'm talking about the International! I watched the investigative journalism. Some Dota 2 players suffer from ludomania and therefore they are ready to succumb to opponents. And it's terrible. That's why I try to play independent gambling. Title: Re: How much of my salary should I use to gamble Post by: lienfaye on May 06, 2024, 08:14:24 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? In my case I set aside 5% of my salary for leisure, it's an amount that I can live without. Thus, even I lose in gambling it won't affect me to the point I will chase it back. So for me, it depends on how much is your salary and of course the amount that you're willing to lose. Because if you gamble your money, don't expect that you can double it. Just enjoy the game to entertain yourself.Anyway, regardless of the percentage, it's a must to prioritize first your responsibilities before setting aside a money meant for leisure. Title: Re: How much of my salary should I use to gamble Post by: Wiwo on May 06, 2024, 08:24:56 PM So, now how much income do you have for a month? try to only use 15% or 20% of your income or salary to gamble for a whole month because it is impossible for you to use 50% of your salary or 100% of your salary to gamble, you must be crazy if you do this. Secondly, it is important to only gamble with money that is a spear cash flow and not something as important as salary because using your wages to gamble is an act of irresponsibility to me. Quote Gambling is a risky activity, unless you have a lot of cold money then there is nothing wrong with putting a lot of money into playing, but if your money is small and you are still a worker then don't gamble excessively. Yeah very risky and just as I have mentioned also that one should only gamble with amount that you don't have need for such as cold money as you mentioned.Title: Re: How much of my salary should I use to gamble Post by: Lanatsa on May 06, 2024, 09:38:04 PM I'll be honest. Sometimes I allow myself to play with risk in gambling and test my luck, mainly in hockey, football and even e-sports. I probably lose more than I win, but the process of the game itself is important to me. I have a small set aside amount for all my expenses and I take from it when I see that there will be super games and super matches. I like to bet on big events. So, I can place a lot of bets on a major tournament and this could be half of my salary, but next month I won’t make a single bet, so it’s always different. Although here you can get carried away quite easily and lose your entire salary if you lose control of yourself, so you need to be careful.I do not adhere to strict money management in gambling. It's not every month that I set aside a certain amount for gambling. Sometimes my mood determines whether I'm going to play or not. It happens that for a whole month I don't touch gambling at all, because I'm happy with my life. I understand that you need to be reasonable and control your expenses, but sometimes it's hard to restrain your desires and emotions. And because of this, sometimes I can spend more than the norm on gambling. Your approach is very similar to mine, except that I'm a fan of poker and slots. I don't really like esports, because I think everything is bought there in advance. And matches are often fake, and their outcomes are controlled by the mafia. And this is even at the highest level, and I'm talking about the International! I watched the investigative journalism. Some Dota 2 players suffer from ludomania and therefore they are ready to succumb to opponents. And it's terrible. That's why I try to play independent gambling. As for slots then we do know that this is something that against the house but there are still tons of people who do really love on engaging into this one. As for talking about on how many % that you would really be using up for gambling into your salary then it would really be just that depending on you because not all would really be the same in terms of salary amount but since we are talking about percentage then it would be just that a normal approach that you should really be just that spending up less. Title: Re: How much of my salary should I use to gamble Post by: Nwada001 on May 06, 2024, 10:41:43 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? As long as the money and percentage you intend to use out of your salary are not going to affect your daily life budget, then you are good to go. Some people gamble with up to 5–10% of their monthly earnings; that's up to them.The percentage to be used should be based on the person's budget, how much they earn, and how much they can risk to gamble. If you are sure you can cope with that, then feel free to go ahead, but just learn how not to get addicted and start breaking your own rules. Title: Re: How much of my salary should I use to gamble Post by: Dzigie on May 06, 2024, 11:32:22 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? I think the answer to this question varies from person to person because I think there are other things that need to be known in order to answer this question correctly. Do you have a dependent family? Do you have a house of your own? Do you have assets from which you earn passive income? Gambling is an entertainment for me. I don't spend a lot of money on gambling for entertainment when I should be spending it on things that are more important for my life. I think you should answer these questions for yourself and then ask yourself how much of my salary should I use for gambling. Title: Re: How much of my salary should I use to gamble Post by: wxa7115 on May 07, 2024, 02:23:50 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? This is a difficult question as each person will have their own answer due to the different circumstances they are facing on their lives.If you are not earning enough money through your job then you should not gamble at all and you should instead focus on earning more money, but if you do and you would like to gamble occasionally then using 1% if your income makes sense, however if gambling is your main hobby then spending up to 5% of your income seems right to me, however spending that much money only makes sense if you really do not spend too much of your money on your other hobbies, otherwise that amount could be too high. Title: Re: How much of my salary should I use to gamble Post by: Natsuu on May 07, 2024, 02:28:39 AM that is why I am asking the question of what the right percentage from my salary that I should use to gamble? What I would do personally is to settle first all my ends, payments, savings, and finances. In your case, set aside money first to settle with your house rent, car payments, insurance, food, allowance, gas, clothes. Those should be settled first. After that, set aside for your savings and investments. After all of those, pretty much all the stresses you carry is off from your back. If there's any money left, you can then use that for your gambling. In that case you are no longer pressured to make the money. The most important part here is that you are making importance of your life first before gambling. You are responsible on your life first and you are not taking anything for granted just to play and gamble. Title: Re: How much of my salary should I use to gamble Post by: hyudien on May 07, 2024, 02:38:25 AM I agree with that, because indeed when we receive a salary from our work, the thing that must be considered first is our needs, whether it is meeting or helping family needs such as paying monthly bills, or saving or others. After that and there is still money left over, then use it for our desires whether for entertainment or fulfilling our own desires such as buying property or others. Let's say there is still a lot of money left over from payday, but even with that leftover money, we must be able to limit the budget allocated to gambling, do not allocate large amounts of money such as spending all the remaining salary if the amount is large enough. I dont know why but I feel that when we talk about gambling and how much of our basic salary that we used to gamble, it best for the said individual the decide because salaries are not on the same amount while some persons can afford to gamble with 1% of they income at the end of the month, others could spare out 10% of their income and still be ok with it so that why I said when gamblers have access to funds that increases their urge to bet higher and since salaries comes once a month, ops could first States the exact amount he received as salary.Also, if for example the remaining money from the salary is small, do not expect that by betting it on gambling it can make us get a large multiplier so that it can make a lot of money that was previously small, if like that there is a possibility that we will not be able to accept when the money at stake is lost or experience defeat with the gambling that is done. There are no specific limits to allocating a certain amount of money to gambling, it's just that we have to be able to have our own limits, by allocating a certain amount of money to gambling without being too excessive. but with what you say it does make sense, but I think maybe they will have difficulty with their daily needs if indeed when they receive their salary they bet large amounts on gambling. On the other hand, they are indeed lucky if they can win, but even if they win, they will not necessarily use it properly. Title: Re: How much of my salary should I use to gamble Post by: angrybirdy on May 07, 2024, 02:52:50 AM that is why I am asking the question of what the right percentage from my salary that I should use to gamble? What I would do personally is to settle first all my ends, payments, savings, and finances. In your case, set aside money first to settle with your house rent, car payments, insurance, food, allowance, gas, clothes. Those should be settled first. After that, set aside for your savings and investments. After all of those, pretty much all the stresses you carry is off from your back. If there's any money left, you can then use that for your gambling. In that case you are no longer pressured to make the money. The most important part here is that you are making importance of your life first before gambling. You are responsible on your life first and you are not taking anything for granted just to play and gamble. Yeah, everyone should know what is their priority especially now that we're living with a lots of responsibilities and bills to pay, if you're a financial literate then you must know where we should put our money and income first before prioritizing our vices and leisures, besides it's good to settle important things first before doing some activities so that our mind will be focus in our gambling session and to avoid thinking a lot about our expenses. Title: Re: How much of my salary should I use to gamble Post by: zarintasnim on May 07, 2024, 06:31:31 AM When it comes to determining how much of your salary to use for gambling, it's wise to proceed with extreme caution. Gambling can be an addictive and destructive activity if not kept in check. While some view it as a fun diversion, the house always has the advantage in games of chance. The more you gamble, the more likely you are to lose money over time. Therefore, it's generally not advisable to gamble with any amount that you aren't fully prepared to lose. In my opinion, gambling is no more than 1-2% of your overall income. limiting gambling to entertainment budgets.
Title: Re: How much of my salary should I use to gamble Post by: Maus0728 on May 07, 2024, 07:06:12 AM If you can do it, don't use any of that to gamble, most cases that you can do this is if you've got a side hustle where you can easily supplement your gambling habits since you've got an extra income. If you're not that person that I'm talking about, you probably shouldn't portion your salary to satisfy your gambling needs, most of the time, you're going to end up with nothing and that money that you will allocate will definitely be not enough for the gambling session. If you're the kind of person that's got a salary that's on the 5 or 6 digit territory already, you're probably good with a 10% of that being used for gambling if you really can't help it.
Title: Re: How much of my salary should I use to gamble Post by: bakasabo on May 07, 2024, 08:19:07 AM I'll be honest. I do not adhere to strict money management in gambling. It's not every month that I set aside a certain amount for gambling. Sometimes my mood determines whether I'm going to play or not. It happens that for a whole month I don't touch gambling at all, because I'm happy with my life. I understand that you need to be reasonable and control your expenses, but sometimes it's hard to restrain your desires and emotions. And because of this, sometimes I can spend more than the norm on gambling. I dont admire having a specific amount for gambling. This amount might only be approximate. But having, for example $100/week, is bad and here is why. People might aim to gamble whole amount till the end. Lets say a person starts gambling and keep loosing. Just a bad day, stars in the sky are in wrong position, woke up with wrong foot and etc. If I was such a person in such situation, I would stop the game, or postpone it for few days. What will gambler with specific budget do? Gamble till whole weekly or monthly budget is lost. Title: Re: How much of my salary should I use to gamble Post by: nullama on May 07, 2024, 08:25:28 AM If you can do it, don't use any of that to gamble, most cases that you can do this is if you've got a side hustle where you can easily supplement your gambling habits since you've got an extra income. If you're not that person that I'm talking about, you probably shouldn't portion your salary to satisfy your gambling needs, most of the time, you're going to end up with nothing and that money that you will allocate will definitely be not enough for the gambling session. If you're the kind of person that's got a salary that's on the 5 or 6 digit territory already, you're probably good with a 10% of that being used for gambling if you really can't help it. The thing is that most gamblers would be better off if they simply saved (or even better, invested) their side hustle income instead of using that extra money for gambling. But I guess the thing that is different is that they are buying some kind of "hope" to become rich, which won't happen if they simply save or invest the money. Ironically, over time, they might get wealthier if they don't gamble. Title: Re: How much of my salary should I use to gamble Post by: joeperry on May 07, 2024, 08:29:06 AM You should be asking that yourself, not all of us have the same salary and expenses. I suggest to compute first your total expenses and prioritize that but if you are familiar with 50/30/20 budget rule (it's not fixed) I think you should follow that, for instance in 50/30/20 budget rule. The 50% should be for the needs including expenses, grocery, etc., the 20% should go to savings or emergency fund and the 30% remaining is for your wants though it doesn't mean that you should use that 30% to gamble (maybe if you really want) but with this budgeting you would be able to have a gambling bankroll and at the same time you still managed to have some savings and pay your expenses.
That budget rule is flexible and it doesn't need to be like my example, find what suits for you. But be responsible and stick to your budgeting and don't get greedy or addicted to gambling. Title: Re: How much of my salary should I use to gamble Post by: SeriouslyGiveaway on May 07, 2024, 08:38:44 AM If your locality does not prohibit gambling, then you are completely free to use your salary to gamble. However, you should be careful when using money for urgent daily needs for gambling, this will be dangerous for you and your family if you lose. How much of your salary to use for gambling depends on your goals and current financial situation.
If the amount of money you have to spend to take care of your family is large, I think you should only spend 2-5% of your salary on gambling, considering that you use that money for personal entertainment purposes. If you do not have a family, or your family's financial burden is not too large, in addition to the amount of money you are required to pay monthly and a little reserve money, the rest you can spend on gambling. There is no specific number, as long as the money you spend on gambling does not affect your quality of life and does not put you into debt. And the most important thing is that if you accidentally lose all the money you set aside in that month, you should stop, and only come back the next month when you have a salary, absolutely do not borrow to continue playing. Title: Re: How much of my salary should I use to gamble Post by: fullhdpixel on May 07, 2024, 08:50:25 AM Some people can asked any sort of weird question sounding ridiculous to the ear, why should someone think of using his salary for gambling in the first place, then can boldly come up to the public in asking as well on the amount to be ratioed for gambling from salary income, i know as well that some would have also given ridiculous answers like the entire salary for gambling, because this is something we just need to understand that we are gambling all because we are able to afford doing so, and we should gamble with the amount of money we are capable of loosing. I don't see anything wrong with it if someone is asking the public how much of his total earnings will be appropriate for him to use for his gambling activities. A salary doesn't have to be the money that one uses for monthly expenses but one's salary can be higher than what one might need for their daily or monthly needs, so if one can spare some money out of their salary, they can use a portion of it for their gambling activities because that money isn't supposed to be used for anything else.However, no one can tell a person how much money he should or can use for his gambling activities out of his salary because a person should know these things themselves. They should see how much they are earning, how much is spent on household expenses, how much goes for savings, and then whatever remains, they should know how much they can use for this purpose. Title: Re: How much of my salary should I use to gamble Post by: bitzizzix on May 07, 2024, 08:56:23 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Since I don't know how much salary or other needs you will need for one month, I just suggest that you prioritize all other needs and payments, if any, first. And if you still have some salary left, you can use it to gamble and it is just money you can afford to lose without regrets.It sounds like you're just starting out, because if you liked gambling you wouldn't be asking this. And this is what you need to worry about because often when beginners gamble they don't have the ability to control themselves and also manage their finances so it turns into suffering. And if your salary is barely enough, it's best not to do it. And if you still want to do it, you should look for work or additional income to be able to back up your finances when undesirable things happen that are beyond your expectations. Title: Re: How much of my salary should I use to gamble Post by: TopTort777 on May 07, 2024, 09:25:23 AM I wonder if OP really would listen to suggestions he was given here, or will just ignore this, his own, topic. I dont know why people seek for advices for such cases. Spend as much as you wont. We are nobody here to suggest you how you should spend your money. If you want, spend all your salary in gambling if you want, if you can afford that, if you feel like you need to spend so much. In addition we dont know what kind of gambler you are. Whether you are a risky guy, or the one who gambles with 1sat bet and feel disappointed every time you lose it. Anyway, listen to nobody, gamble the way you want.
Title: Re: How much of my salary should I use to gamble Post by: Samlucky O on May 07, 2024, 10:12:35 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Gambling doesn't have a specific percentage to gamble with. It depends on what you chose that wouldn't affect you. It has been said repeatedly that gamble with what you can afford to lose. It should range from %1 to %10 depending on your weekly or monthly income generation capacity. But as beginner I may sudgest to use 1-5% in other to check if you can be able to withstand loses, before you can start gambling %10 and above. Because a newbie may become frustrated after losing alot in a start. but if you have mastered self decition and control, then you may decide to even gamble with half your salary at your own risk.Title: Re: How much of my salary should I use to gamble Post by: Jody.Drummer on May 07, 2024, 10:23:48 AM If you can do it, don't use any of that to gamble, most cases that you can do this is if you've got a side hustle where you can easily supplement your gambling habits since you've got an extra income. If you're not that person that I'm talking about, you probably shouldn't portion your salary to satisfy your gambling needs, most of the time, you're going to end up with nothing and that money that you will allocate will definitely be not enough for the gambling session. If you're the kind of person that's got a salary that's on the 5 or 6 digit territory already, you're probably good with a 10% of that being used for gambling if you really can't help it. Limiting funds for gambling is certainly very good because if we use too much funds for gambling, of course this will make us have financial problems and this will put us in financial problems, so it is important for everyone who gambles to be able to limit the funds that will be used. used for gambling so as not to experience things we don't want, because in gambling no one can win bets continuously.Actually not only limiting the amount of the budget, but also by limiting the time of involvement, such as knowing when to stop and gamble in moderation, because this is what must be considered, logically when you do not have limits on gambling time then obviously the limits you have applied to the amount of the budget will not be useful because of course if the session continues then you will definitely have to allocate some money again, so limiting the amount of the budget and limiting the time of involvement cannot be separated and must be applied simultaneously. Title: Re: How much of my salary should I use to gamble Post by: ethereumhunter on May 07, 2024, 10:47:43 AM You don't have to playing gambling, even if your colleagues playing gambling. Even if gambling becomes more popular in your city, that doesn't means you should playing gambling because you knows the risks of playing gambling. If you are not ready with the risks of playing gambling that can becomes bigger, you must avoids gambling before you changes your lives into a worst situation. But if you still insist to follows your colleagues to playing gambling, you must have a strong self control and only use 5% of your salary to playing gambling. If you almost use that percentage, you must leaves the casino immediately to avoids the wanting of keeps playing gambling because you see your friends still playing gambling. That can caused you keeps playing gambling without thinks about the lose that can becomes bigger.
Title: Re: How much of my salary should I use to gamble Post by: knowngunman on May 07, 2024, 10:56:52 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Gambling is legal and very popular in your locality but does that mean you should use part of your salary to gamble compulsory? Just because it's allowed in your locality or people talk about it publicly doesn't mean there's no risk or you should think of investing some part of your salary into it. I'm not saying you should not use part of your salary to gamble but you sounded as if it is financial responsible to do that. One thing you should know about gambling is its addictive nature. You can start with a little percentage of your salary but you might probably be carried away some time and gamble more than your initial planned amount. Moreover, you are the only one that know your salary and financial situation. These are the factors that determine your entire budget that might include gambling. The percentage depends on the risk you can bear but the wider opinion about it is to just gamble with the amount you can afford to lose. If you can afford to lose your entire salary to gambling, you should do it but remember they are more responsible ways for us to spend our salary other than allocating it to gambling. Title: Re: How much of my salary should I use to gamble Post by: Outhue on May 07, 2024, 12:17:50 PM To me it is not about the percentage that I should sacrifice to gambling activities, you need to come up with an amount, assuming you are using $30 for gambling, let it be this $30, because it is all you can afford to lose in gambling, so even if you are making $1000 from your job you still need to keep using $30 in gambling.
Let's say you start getting more than $1000 every month, you don't need to increase this amount, because $30 is what you can always afford to lose, stick to this amount and keep growing, remember that gambling might not get you anywhere, instead use money to invest in assets. Investing in assets will bring you a better future, you could get lucky in gambling as well but this strategy won't make you relax on gambling, keep risking $30 every time in a month and that's it for gambling side, but take more risks in investment. Why? Investments bring promised results and gambling is like catching the air, which do you think is likely to come true? Title: Re: How much of my salary should I use to gamble Post by: Volimack on May 07, 2024, 12:28:31 PM I think it would be better to invest than to use part of salary for gambling. If you treat gambling as a form of entertainment and use it as part of your salary it can gradually turn into an addiction. Then it turns out that you are wasting everything on gambling which will become dangerous for everyone in your family. And investing part of the salary will provide future protection and get better results. Gambling is more likely to lose than win.
Title: Re: How much of my salary should I use to gamble Post by: Hirose UK on May 07, 2024, 12:37:26 PM I wonder if OP really would listen to suggestions he was given here, or will just ignore this, his own, topic. I dont know why people seek for advices for such cases. Spend as much as you wont. We are nobody here to suggest you how you should spend your money. If you want, spend all your salary in gambling if you want, if you can afford that, if you feel like you need to spend so much. In addition we dont know what kind of gambler you are. Whether you are a risky guy, or the one who gambles with 1sat bet and feel disappointed every time you lose it. Anyway, listen to nobody, gamble the way you want. It possible that the OP wants to get some answers about what he really wants to know regarding the average percentage of money used by members here who are also gamblers, but if he just ignores it then it will only be in vain.However, at least with this topic, some gamblers who still often gamble with excessive amounts of money can see or use the overall feedback as reference for the money they will use. I myself would always advise everyone who gambles to first meet their living needs and set aside money that should be saved for savings, after that use the remaining money from their salary to gamble if they really want to bet or play on gambling site. That way, even though there are lot of risks, they still won't feel the bad effects because what is used to bet is money that can be accepted to be lost, such as using 10% of the total income and I think this percentage is acceptable if lost. Title: Re: How much of my salary should I use to gamble Post by: sompitonov on May 07, 2024, 12:55:39 PM I wonder if OP really would listen to suggestions he was given here, or will just ignore this, his own, topic. I dont know why people seek for advices for such cases. Spend as much as you wont. We are nobody here to suggest you how you should spend your money. If you want, spend all your salary in gambling if you want, if you can afford that, if you feel like you need to spend so much. In addition we dont know what kind of gambler you are. Whether you are a risky guy, or the one who gambles with 1sat bet and feel disappointed every time you lose it. Anyway, listen to nobody, gamble the way you want. It possible that the OP wants to get some answers about what he really wants to know regarding the average percentage of money used by members here who are also gamblers, but if he just ignores it then it will only be in vain.However, at least with this topic, some gamblers who still often gamble with excessive amounts of money can see or use the overall feedback as reference for the money they will use. I myself would always advise everyone who gambles to first meet their living needs and set aside money that should be saved for savings, after that use the remaining money from their salary to gamble if they really want to bet or play on gambling site. That way, even though there are lot of risks, they still won't feel the bad effects because what is used to bet is money that can be accepted to be lost, such as using 10% of the total income and I think this percentage is acceptable if lost. As for the money put aside and only after that, they are under threat, because the player can break loose and, in a fit of wild rage and excitement, lose everything put aside in advance. The player needs to limit access to this money, for example, he can receive it from the bank only if the consent of the husband and wife is given at the same time. In this case, he will not receive the money. Also, a lot depends on the salary, if it is huge, then you can afford 5% on games or less. Title: Re: How much of my salary should I use to gamble Post by: Bananington on May 07, 2024, 01:09:41 PM ... why I am asking the question of what the right percentage from my salary that I should use to gamble? There is no fixed percentage that is appropriate for gambling, and the percentage appropriate will differ from person to person. I personally think that before a percentage is allocated for use in gambling a salary earner has to make sure that a salary has been split into other more necessary and important uses in their budget and then whatever is left of after settling all those responsibility can then be allocated to gambling. So whatever percentage is left after proper budgeting has been done is what is appropriate for gambling. Title: Re: How much of my salary should I use to gamble Post by: Dewi Aries on May 07, 2024, 01:57:56 PM ... why I am asking the question of what the right percentage from my salary that I should use to gamble? There is no fixed percentage that is appropriate for gambling, and the percentage appropriate will differ from person to person. I personally think that before a percentage is allocated for use in gambling a salary earner has to make sure that a salary has been split into other more necessary and important uses in their budget and then whatever is left of after settling all those responsibility can then be allocated to gambling. So whatever percentage is left after proper budgeting has been done is what is appropriate for gambling. Gambling is just a probability activity which means it is nothing more than a game of chance and obviously that means gambling should not be a priority in life because there are other things that are much more important than managing money for gambling, which is as you said to first solve all your life needs, such as allocating money to buy raw materials for food or other needs and after that if there is money left over that is not too used then you can allocate it to gambling. The point is that we cannot tell them to put a certain amount of money, because as we discussed above that everyone's income is different, meaning that what is recommended is to put a small amount that you can be responsible for if you lose in the end and not interfere with other things in your life. Title: Re: How much of my salary should I use to gamble Post by: Gheka on May 07, 2024, 02:13:06 PM ... why I am asking the question of what the right percentage from my salary that I should use to gamble? There is no fixed percentage that is appropriate for gambling, and the percentage appropriate will differ from person to person. I personally think that before a percentage is allocated for use in gambling a salary earner has to make sure that a salary has been split into other more necessary and important uses in their budget and then whatever is left of after settling all those responsibility can then be allocated to gambling. So whatever percentage is left after proper budgeting has been done is what is appropriate for gambling. Title: Re: How much of my salary should I use to gamble Post by: mvdheuvel1983 on May 07, 2024, 02:43:35 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Op, I can see that you have already made up your mind to gamble, since that decision has been made by you, it is also left for you to decide on the amount you can use to gamble, gambling decision is personal, nobody is allowed to make decision for you on the amount that you can use to gamble, but if I can give my little advice I will say that if you want to gamble, gamble with what you can afford to lose, gambling is not certain, it is not even an investment, if you must gamble, it should be done with care hence is not something you are not sure that it will happen as you expect it to be. As a gambler too your income matters on the amount you can gamble with, it will amount to a high level of foolishness when you gambler with a high percentage of your income without considering the potential risk that's is involved, if you must gamble, you should consider some inevitable circumstance before deciding the amount to use in gambling. Title: Re: How much of my salary should I use to gamble Post by: mamesso on May 07, 2024, 03:08:35 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? What is the nominal value of 100% of your salary that you get? If we don't know how much salary you earn, it's difficult to imagine what percentage is appropriate to use for gambling. If you have distributed your entire salary to where it should be allocated, such as household needs, savings and other expenses that are your needs, you can allocate part of your salary that you can afford to lose to gambling. Gamble as much as you can, if you get a promotion or get a bonus at work, you can increase the percentage for gambling. Title: Re: How much of my salary should I use to gamble Post by: dezoel on May 08, 2024, 03:42:01 AM Just because it is now a thing, does it mean you should join it too? No OP, that's wrong, especially if that thing is gambling. Maybe you haven't heard of those people yet who destroy their lives because of gambling but now that you personally know it from me, it's better to not involved your self at it. Even me, I'm also a problematic gambler but I'm figuring my way out now.
I will still answer your question there mainly for the sake of those who are already involved with it and trying to discipline their selves if they think it's impossible for them to quit gambling forever. The answer by the way is not more than but can be equal to 1%. Title: Re: How much of my salary should I use to gamble Post by: Don Pedro Dinero on May 08, 2024, 03:52:41 AM I doubt the OP's question is serious. If it is, it seems to me that he is a fool to be honest. The question is similar to the one that asks what percentage of your salary you should invest, and as has been pointed out, there are many nuances, but in the case of gambling I have been gambling for a long time and I have not asked myself a question like that.
Just because it is now a thing, does it mean you should join it too? No OP, that's wrong, especially if that thing is gambling. Maybe you haven't heard of those people yet who destroy their lives because of gambling but now that you personally know it from me, it's better to not involved your self at it. Even me, I'm also a problematic gambler but I'm figuring my way out now. Yes, it's like the one who asks: how much should I play with fire? For me the maxim in this is that you bet with money that you can absolutely afford to lose, and be aware of the risks. Title: Re: How much of my salary should I use to gamble Post by: Oasisman on May 08, 2024, 05:19:40 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Safe to say it should be less than 5%, but what would you ask the community about a reference on what percentage of your salary portion should go to gambling, when we all have difference in financial responsibilities with ourselves and our family? If your salary barely enough to pay your bills, mortgages, and even necessities, then that 5% makes a huge difference if you don't spend it on gambling. Now, if you are the kind of person who earns a lot, like you can feed, pay bills and everything on time without any problem and you still can have a lot of money left after all those are taken into consideration, then I think 5% might be too little and you can get up to 10% if you really are a gambling person, otherwise 5% would still be enough as the amount varies on the amount of income we can make. Title: Re: How much of my salary should I use to gamble Post by: irhact on May 08, 2024, 05:45:10 AM Safe to say it should be less than 5%, but what would you ask the community about a reference on what percentage of your salary portion should go to gambling, when we all have difference in financial responsibilities with ourselves and our family? If your salary barely enough to pay your bills, mortgages, and even necessities, then that 5% makes a huge difference if you don't spend it on gambling. Well some might feel they'll foolish, well might be if they're losing that anount daily without profiting much butcwith their financial strength and good strategy excluding greed i think they'll end stand more better chance of winning. I believe in the higher your betting power the higher you stand a chance of winning. But then everyone should maintain their own financial strength do not spend everything you've got cause of that statement. Title: Re: How much of my salary should I use to gamble Post by: Z_MBFM on May 08, 2024, 05:52:40 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Safe to say it should be less than 5%, but what would you ask the community about a reference on what percentage of your salary portion should go to gambling, when we all have difference in financial responsibilities with ourselves and our family? If your salary barely enough to pay your bills, mortgages, and even necessities, then that 5% makes a huge difference if you don't spend it on gambling. Now, if you are the kind of person who earns a lot, like you can feed, pay bills and everything on time without any problem and you still can have a lot of money left after all those are taken into consideration, then I think 5% might be too little and you can get up to 10% if you really are a gambling person, otherwise 5% would still be enough as the amount varies on the amount of income we can make. Title: Re: How much of my salary should I use to gamble Post by: traderethereum on May 08, 2024, 06:01:18 AM Safe to say it should be less than 5%, but what would you ask the community about a reference on what percentage of your salary portion should go to gambling, when we all have difference in financial responsibilities with ourselves and our family? If your salary barely enough to pay your bills, mortgages, and even necessities, then that 5% makes a huge difference if you don't spend it on gambling. Less than 5% should be fine to for playing gambling but don't use it all at once because you must knows how much money you can use every time you playing gambling. We can't use 5% every time we playing gambling because that can leads us to use more money if we lose that money without thinks about allocation money to playing gambling.Now, if you are the kind of person who earns a lot, like you can feed, pay bills and everything on time without any problem and you still can have a lot of money left after all those are taken into consideration, then I think 5% might be too little and you can get up to 10% if you really are a gambling person, otherwise 5% would still be enough as the amount varies on the amount of income we can make. It's better we allocate some money for a month and splits into some parts and we only use that parts for playing gambling. We must not deposit more money if we lose that parts because that can breaks our limitation. You must remember that we have other things that needs money so we must separate the money for other needs. That will helps us to have allocation for playing gambling and we will not breaks our rules. Title: Re: How much of my salary should I use to gamble Post by: hyudien on May 08, 2024, 07:20:13 AM Using money in gambling means wasting that money and you have to work a lot for a whole month to get salary, so you should think twice before wasting that hard-earned money for any reason. Gambling is completely a game of luck, so if someone invests money here, there is no guarantee that he will win gambling, but if he is lucky, he can win big. However, since a person manages his entire family with salary money, more than this amount should not be used for gambling. 5% is enough money I think. using more than that will be too risky That's right, gambling will most likely only make us lose money, also even more so if we can't manage finances properly or think that gambling is something that can make money, it allows us to continue gambling, and of course losing money cannot be avoided. Even if we don't do gambling, we have to work hard to meet our daily needs, I agree with you, we should be able to think twice if we want to open gambling, because yes it is like wasting money, although there are rewards that may occur but it is not certain to be obtained. because the victory in gambling is more directed to luck as you said, although there is gambling that uses our own skills but that does not mean luck does not have its role.Only people who are lucky can get a win equal to the amount of the bet or indeed get a bigger win because of the luck that leads. For the budget that must be allocated in my opinion, just balance it, don't be too big either because it will likely only complicate our daily lives. Title: Re: How much of my salary should I use to gamble Post by: Rruchi man on May 08, 2024, 07:25:42 AM why I am asking the question of what the right percentage from my salary that I should use to gamble? Use all your salary; keep nothing for yourself. ;D Struggle all month to keep up with bills and expenses. When the month ends again and you receive your new salary, use it all up again. Title: Re: How much of my salary should I use to gamble Post by: zuzie on May 08, 2024, 07:33:28 AM Safe to say it should be less than 5%, but what would you ask the community about a reference on what percentage of your salary portion should go to gambling, when we all have difference in financial responsibilities with ourselves and our family? If your salary barely enough to pay your bills, mortgages, and even necessities, then that 5% makes a huge difference if you don't spend it on gambling. Less than 5% should be fine to for playing gambling but don't use it all at once because you must knows how much money you can use every time you playing gambling. We can't use 5% every time we playing gambling because that can leads us to use more money if we lose that money without thinks about allocation money to playing gambling.Now, if you are the kind of person who earns a lot, like you can feed, pay bills and everything on time without any problem and you still can have a lot of money left after all those are taken into consideration, then I think 5% might be too little and you can get up to 10% if you really are a gambling person, otherwise 5% would still be enough as the amount varies on the amount of income we can make. It's better we allocate some money for a month and splits into some parts and we only use that parts for playing gambling. We must not deposit more money if we lose that parts because that can breaks our limitation. You must remember that we have other things that needs money so we must separate the money for other needs. That will helps us to have allocation for playing gambling and we will not breaks our rules. In my opinion, using 5% of our monthly salary is quite large because we have to think about our family's daily needs first and if we want to gamble, leaving just a little 2% is enough. We as gamblers must have a clear mind because we have worked hard for one month and only then get a salary and we must use that salary as much as possible with activities that are very useful in our lives. We have to think about our monthly needs and those of our small family, which is very important to do. Playing gambling is just entertainment when we feel bored and tired of our real work and maybe many people indulge in gambling to entertain themselves. Title: Re: How much of my salary should I use to gamble Post by: dansus021 on May 08, 2024, 08:01:23 AM How much of my salary should I use to gamble? In my opinion, this always depends on you because we don't know how much you need for life I mean life for food, shelter including your financial situation, personal preferences, and risk tolerance. and many more to have consideration.
I just do quick google search and "Some experts recommend allocating no more than 1-2% of your monthly income for gambling activities. This conservative approach helps minimize the financial impact of losses and reduces the risk of developing gambling-related problems." Title: Re: How much of my salary should I use to gamble Post by: bakasabo on May 08, 2024, 08:06:09 AM I think gambler should not stick to any specific % of his salary to be his gambling budget, but act according to the situation. If OP is in a situation, when he has spend already his "set % of salary", but he still wants to continue or he feels like he is about to win - should he stop? I have heard multiple times that "if a person wants to buy watch, then they must cost as much as person earn per month". The watch on my wrist cost way less than my monthly salary. I dont support such tradition. I just like the way those watch look. Same I think would be right for gambling. If I feel like I want to gamble for $1, I will gamble for this amount. If I feel like I want to gamble for $1000, I will do it.
Title: Re: How much of my salary should I use to gamble Post by: Ojinga on May 08, 2024, 08:23:28 AM For me it depends on how much you receive daily or monthly, if your income it's 100% then you should know it's not the 100% you should gamble with. First what I do when I receive my salary, if i have a debt to clear i clear up my debt than stock home then try to pay the bills. After all this then the remaining money then I go for gambling because I've cleared up my bills.
If I've the luck of winning or losing it affects me anymore because I've cleared all my bills for the week. But their are some people who use all of their salary to gamble and come back home complaining that they didn't receive salary for the week, and this set of people are addicted to gambling and lost in it. But as a human we all have responsibilities to deal with... But some people don't care about their responsibilities, they focus on gambling to get more income to add with their salary. I do have a staff which I do pay every month end but every time he does complain, that he needs money even when I paid him not quite long he'll surely find a lie just for me to give him the money. So that by end of the month I won't pay him again I said okay, but not knowing that he's gambling with the money he's asking me of his friend told me that i should advise him cause his family are complaining. That I don't pay him but his still working, that I'm wicked. So their people who are addicted they don't know how to control their gambling lifestyle, using your all your salary to gamble will lead you to much debt in life. So do you've plan before you get paid and try to focus on that plan before you start gambling with your salary. Title: Re: How much of my salary should I use to gamble Post by: Jawhead999 on May 08, 2024, 08:31:18 AM if someone has no income or for example has a job with a small salary or is just a freelance worker and gambles almost every day because he wastes a lot of free time because he is just a freelance worker and turns to gambling to fill his life. and hope that gambling can make money. Is it a heavy or mild type of addiction? If they don't have any income, they're heavy addicts because how can someone gamble when they don't make money in the first place? obviously they're using their savings or took from someone else.can it be cured? Or should such people be banished and ostracized as useless to family, friends, and neighbors? If they have low paid jobs and has enough money to survive, they're mild addicts. They might not able to be cured 100% because it's a habit. Yeah kick or avoid them are the easy way, would you want to give them money from your hard earned money? Title: Re: How much of my salary should I use to gamble Post by: bitgolden on May 08, 2024, 08:51:33 AM I understand that a lot of people want to be able to gamble, and trying to calculate how much you can spend. However, I would say that it is a wrong move to gamble with your salary, not even a bit of it, do not gamble with your salary at all. What you should do is go ahead and save some money from your salary, and invest that money into bitcoin.
This means that you would not be gambling with your salary at all, we haven't even started gambling yet, you are just saving some money and investing accordingly. After that, if you make a lot of profit from investing, like lets say 50% or so, then you can take a small part of that profit alone and could go ahead and gamble with it. Could make things a lot more easier for you on the long run. Title: Re: How much of my salary should I use to gamble Post by: klidex on May 08, 2024, 09:59:57 AM Depends on your income if your salary is above $500 you can use 10% of your salary but if your salary is below $500 it is better not to take risks with more than 5% I think that is enough if you don't think gambling can double your money and you only have the intentions of making a having fun, a worker must be able to control their money to use it for personal need and to have fun and not exceed what they can afford, I myself use my salary to gamble no more than 10% I think that is already bigger and I also can't afford to lose even big more if I can't control myself and exceed the limit.
In my opinion, 10% is a reasonable limit for us to use for gambling, the important thing is that it is not more than 50% of our incomed so we can still control our money, however gambling is a game for fun, we should not spend too much money gambling with the risks of losing high, don't ever think that your salary can double if you use it all, always think about the risk we will faced, the most important thing is that we can controls our thought and control our finances when gambling. Title: Re: How much of my salary should I use to gamble Post by: danherbias07 on May 08, 2024, 10:06:36 AM I understand that a lot of people want to be able to gamble, and trying to calculate how much you can spend. However, I would say that it is a wrong move to gamble with your salary, not even a bit of it, do not gamble with your salary at all. What you should do is go ahead and save some money from your salary, and invest that money into bitcoin. Well, that's the right way but I think the question will still remain if the OP badly wants to gamble his money. Sure, saving, investments, and whatever safe financial plan is better but we are in a gambling discussion. This means that you would not be gambling with your salary at all, we haven't even started gambling yet, you are just saving some money and investing accordingly. After that, if you make a lot of profit from investing, like lets say 50% or so, then you can take a small part of that profit alone and could go ahead and gamble with it. Could make things a lot more easier for you on the long run. I think OP is just trying to figure out what is the best number there is especially if other gamblers are already doing it. I do. 5 percent of my monthly salary goes to gambling and I don't mind if that will lose. I mean, I am ready if the money will go south while I am playing but if I do win like x10 of that amount then I will probably cash it out. I want to stick with that plan and then leave the 5 percent again so that I can keep on playing. Title: Re: How much of my salary should I use to gamble Post by: Jody.Drummer on May 08, 2024, 10:18:27 AM I understand that a lot of people want to be able to gamble, and trying to calculate how much you can spend. However, I would say that it is a wrong move to gamble with your salary, not even a bit of it, do not gamble with your salary at all. What you should do is go ahead and save some money from your salary, and invest that money into bitcoin. Well, that's the right way but I think the question will still remain if the OP badly wants to gamble his money. Sure, saving, investments, and whatever safe financial plan is better but we are in a gambling discussion. This means that you would not be gambling with your salary at all, we haven't even started gambling yet, you are just saving some money and investing accordingly. After that, if you make a lot of profit from investing, like lets say 50% or so, then you can take a small part of that profit alone and could go ahead and gamble with it. Could make things a lot more easier for you on the long run. I think OP is just trying to figure out what is the best number there is especially if other gamblers are already doing it. I do. 5 percent of my monthly salary goes to gambling and I don't mind if that will lose. I mean, I am ready if the money will go south while I am playing but if I do win like x10 of that amount then I will probably cash it out. I want to stick with that plan and then leave the 5 percent again so that I can keep on playing. So this is the reason why a gambler is more advised to bet a small amount of part of his salary, it can be like what you suggested which is to put about 5% of the total salary and do not exceed this amount, which is the point is that it is recommended to put an amount that we can accept if we lose in the end, because most of the gamblers who end up with addiction are those who initially put large amounts in the hope of getting a big win but they don't think about the risks that can never be separated in gambling which is defeat which in the end they act to catch up with previous losses and unknowingly fall into addiction. Title: Re: How much of my salary should I use to gamble Post by: sompitonov on May 08, 2024, 10:53:07 AM I understand that a lot of people want to be able to gamble, and trying to calculate how much you can spend. However, I would say that it is a wrong move to gamble with your salary, not even a bit of it, do not gamble with your salary at all. What you should do is go ahead and save some money from your salary, and invest that money into bitcoin. Well, that's the right way but I think the question will still remain if the OP badly wants to gamble his money. Sure, saving, investments, and whatever safe financial plan is better but we are in a gambling discussion. This means that you would not be gambling with your salary at all, we haven't even started gambling yet, you are just saving some money and investing accordingly. After that, if you make a lot of profit from investing, like lets say 50% or so, then you can take a small part of that profit alone and could go ahead and gamble with it. Could make things a lot more easier for you on the long run. I think OP is just trying to figure out what is the best number there is especially if other gamblers are already doing it. I do. 5 percent of my monthly salary goes to gambling and I don't mind if that will lose. I mean, I am ready if the money will go south while I am playing but if I do win like x10 of that amount then I will probably cash it out. I want to stick with that plan and then leave the 5 percent again so that I can keep on playing. Title: Re: How much of my salary should I use to gamble Post by: Odohu on May 08, 2024, 01:30:55 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? I don't think there will be a generally accepted answer to this question because people's salaries are not the same and so also their needs and responsibilities. These are the factor that determine how much can be injected into gambling without feeling depressed when it is lost. Some people can put 20% of their income and still be good whereas there are people that will put 5% and will be worried. Whatever be the case, I think a 2.5% of income injected will not make anyone broke. It is small but huge for sizeable for gambling provided the gambling will be diligent to build it systematically to something magnificent. Title: Re: How much of my salary should I use to gamble Post by: harapan on May 08, 2024, 01:44:52 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Mmm gambling with ones salary is a No no for me,I believe everyone have their own perspective on how they gamble and why they do so but it's advisable to gamble with the least percentage of one's income so as nit to chase over your kisses later on. But thinking about using your salary to gamble, probably if that's the only income your having for now it's best you use 1% or any amount you can afford to lose . Title: Re: How much of my salary should I use to gamble Post by: Dewi Aries on May 08, 2024, 03:34:27 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? I don't think there will be a generally accepted answer to this question because people's salaries are not the same and so also their needs and responsibilities. These are the factor that determine how much can be injected into gambling without feeling depressed when it is lost. Some people can put 20% of their income and still be good whereas there are people that will put 5% and will be worried. Whatever be the case, I think a 2.5% of income injected will not make anyone broke. It is small but huge for sizeable for gambling provided the gambling will be diligent to build it systematically to something magnificent. But on the other hand I think we also have to manage other things because managing the amount of money you want to allocate is certainly not useful if you can't manage the time to gamble, or what that means is you also have to manage your gambling time, because it's useless even if you put a small amount but you gamble too often then it can still cause problems in your finances. Title: Re: How much of my salary should I use to gamble Post by: pawanjain on May 08, 2024, 03:58:42 PM If you want to go the appropriate way, 1% of your salary is okay, but that should be if your salary is enough. Some people may not have money to spare on gambling. If you earn enough, use 1% of your weekly income to gamble. I use 2 to 5% of my weekly income to gamble and it is good for me. It does not feel like I lose anything and sometimes I win. 1% is a good amount from my perspective too. Honestly, I have allocated the same for gambling. I have seen people using upto 10% of their salary for gambling I wouldn't recommend using such high figures. At the maximum, people should consider using not more than 3% of their monthly salary for gambling. Title: Re: How much of my salary should I use to gamble Post by: Ruttoshi on May 08, 2024, 04:10:11 PM If you want to go the appropriate way, 1% of your salary is okay, but that should be if your salary is enough. Some people may not have money to spare on gambling. If you earn enough, use 1% of your weekly income to gamble. I use 2 to 5% of my weekly income to gamble and it is good for me. It does not feel like I lose anything and sometimes I win. 1% is a good amount from my perspective too. Honestly, I have allocated the same for gambling. I have seen people using upto 10% of their salary for gambling I wouldn't recommend using such high figures. At the maximum, people should consider using not more than 3% of their monthly salary for gambling. 1% is cool but sometimes we find it difficult to stick to that amount that we have set aside for gambling when it is exhausted. Discipline and self control is what matters a lot and not the percentage of money that one needs to assign to gamble. However, setting aside gambling rules leads to responsibile gambling. I use 2% of my income to gamble. Title: Re: How much of my salary should I use to gamble Post by: danadc on May 08, 2024, 04:11:27 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? I don't think there will be a generally accepted answer to this question because people's salaries are not the same and so also their needs and responsibilities. These are the factor that determine how much can be injected into gambling without feeling depressed when it is lost. Some people can put 20% of their income and still be good whereas there are people that will put 5% and will be worried. Whatever be the case, I think a 2.5% of income injected will not make anyone broke. It is small but huge for sizeable for gambling provided the gambling will be diligent to build it systematically to something magnificent. But on the other hand I think we also have to manage other things because managing the amount of money you want to allocate is certainly not useful if you can't manage the time to gamble, or what that means is you also have to manage your gambling time, because it's useless even if you put a small amount but you gamble too often then it can still cause problems in your finances. The amount of money that people have in their salary and want to allocate is something that is very personal, the only thing I can recommend is that a person does not allocate all their salary for gambling, because playing in a casino is always high risk and can be lose everything, if you want to play by allocating a percentage of your salary to gambling, it is something else, the person has to make a list of their expenses, including services and everything that must be covered and what they can allocate is what they think they can spend It is very difficult to say that there are times when it is not even enough to cover the basics, and for each player the economic situation is different, I would speak in a general way assigning 1%, if you can assume it, but not the rest. Title: Re: How much of my salary should I use to gamble Post by: Su-asa on May 08, 2024, 04:28:00 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? I don't think there will be a generally accepted answer to this question because people's salaries are not the same and so also their needs and responsibilities. These are the factor that determine how much can be injected into gambling without feeling depressed when it is lost. Some people can put 20% of their income and still be good whereas there are people that will put 5% and will be worried. Whatever be the case, I think a 2.5% of income injected will not make anyone broke. It is small but huge for sizeable for gambling provided the gambling will be diligent to build it systematically to something magnificent. But on the other hand I think we also have to manage other things because managing the amount of money you want to allocate is certainly not useful if you can't manage the time to gamble, or what that means is you also have to manage your gambling time, because it's useless even if you put a small amount but you gamble too often then it can still cause problems in your finances. The amount of money that people have in their salary and want to allocate is something that is very personal, the only thing I can recommend is that a person does not allocate all their salary for gambling, because playing in a casino is always high risk and can be lose everything, if you want to play by allocating a percentage of your salary to gambling, it is something else, the person has to make a list of their expenses, including services and everything that must be covered and what they can allocate is what they think they can spend It is very difficult to say that there are times when it is not even enough to cover the basics, and for each player the economic situation is different, I would speak in a general way assigning 1%, if you can assume it, but not the rest. Title: Re: How much of my salary should I use to gamble Post by: qwertyup23 on May 08, 2024, 05:23:00 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? It really depends on your financial obligations as that will determine on how much percentage you are willing to allocate on your gambling expenses. So let us say 100% is your salary, you have to at least allocate 60% to your obligations especially if you have a family that you need to provide. Also, you have to include all the expenses for your family and dues that you will have to pay. The other 20% will always be allocated to your savings and the other 10% will be allocated to your personal needs. Probably and in my opinion, you should at least allocate 5-10% of your whole income every month for your gambling needs. So in conclusion, the computation will be as follows:
Title: Re: How much of my salary should I use to gamble Post by: Huppercase on May 08, 2024, 06:14:26 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? I don't think you should be gambling because gambling has become a new niche for people to make money and just because it's popular doesn't mean is something you will want to try. The question I want to ask you is this, do you know how to gamble and what type do you do? Is it casino or sport betting? I will presume is sport betting since you said locality but there is more to sport betting though, you can't just venture into sporty betting if you don't follow the leagues. As for the amount, always gamble with what you know you can afford to lose, if you can afford to lose your salary then you are more than welcome and if it's some fraction you can let's go, it's fine but know that as you are thinking of making back the money, you are likely to lose that same money either you are good in predictions or bad because you can't be right all the time. Title: Re: How much of my salary should I use to gamble Post by: Fatunad on May 08, 2024, 06:25:14 PM If you want to go the appropriate way, 1% of your salary is okay, but that should be if your salary is enough. Some people may not have money to spare on gambling. If you earn enough, use 1% of your weekly income to gamble. I use 2 to 5% of my weekly income to gamble and it is good for me. It does not feel like I lose anything and sometimes I win. 1% is a good amount from my perspective too. Honestly, I have allocated the same for gambling. I have seen people using upto 10% of their salary for gambling I wouldn't recommend using such high figures. At the maximum, people should consider using not more than 3% of their monthly salary for gambling. 1% is cool but sometimes we find it difficult to stick to that amount that we have set aside for gambling when it is exhausted. Discipline and self control is what matters a lot and not the percentage of money that one needs to assign to gamble. However, setting aside gambling rules leads to responsibile gambling. I use 2% of my income to gamble. Doesnt matter on what would be the percentage because this number would really be that different to each other considering that not all would really be earning on the same amount on which means that on the time that you are already compromising the amount on which it shouldnt really be used on gambling then this is something that indicates that you are already that addicted to it and this is something that you should really be careful. Limit and moderation isnt really just that for gambling means but also in other things as well specially if it do really involves on spending money then it would really be that something that will really be important that you do really know on what you are doing because if you dont then you are just basically putting up yourself in harm not only you but also your family. Title: Re: How much of my salary should I use to gamble Post by: |MINER| on May 08, 2024, 07:08:38 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Always invest as much as you can afford to loose . So it not depends on your salary it depends on you what you can spends on that month for your gambling. Suppose you earn 2000 dollar per month and your need with the food to rental is about 1900 then I think you should invest 5 dollar ! And if one month your need full fill at only 1500dollar then you may increase your betting amount so always se what you can afford to lose. Title: Re: How much of my salary should I use to gamble Post by: coolcoinz on May 08, 2024, 07:17:48 PM Risk as much as you want. It's not a matter of % of salary but rather height of that salary compared to the %.
Someone who earns $100 a week can't gamble 1% because it's worthless. What are you going to do? Bet $1 on dice every week in hope of getting $2 one day? :D At the same time, someone who makes $10k a week can easily gamble with 1% because that's first guys total salary. So, I won't tell you what to do. You have to know that yourself if 1% or 2% of your salary is enough to do some gambling and at the same time not use too much money. Title: Re: How much of my salary should I use to gamble Post by: Ojima-ojo on May 08, 2024, 07:18:06 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Always invest as much as you can afford to loose . So it not depends on your salary it depends on you what you can spends on that month for your gambling. Suppose you earn 2000 dollar per month and your need with the food to rental is about 1900 then I think you should invest 5 dollar ! And if one month your need full fill at only 1500dollar then you may increase your betting amount so always se what you can afford to lose. I am against the idea of using a salary to gamble because based on my understanding about gambling and how I gamble is, I only use money that I have no need for to gamble same way I use such cash flow to buy some beer. Title: Re: How much of my salary should I use to gamble Post by: Aanuoluwatofunmi on May 08, 2024, 07:24:13 PM I will say that if the gambler thinks its something he can afford to use all his earnings from work to gamble, then he can go ahead and no one will inform him of being taught the lesson of his life before he could realized that, if we are to gamble, then we must be sure that we have enough money in spare which we can afford to use for this purpose without leaving anything behind undone as part of our responsibilities when gambling.
Title: Re: How much of my salary should I use to gamble Post by: CroverNo01 on May 08, 2024, 07:52:46 PM Funny question to ask,funny thing to do,funny man to do this.I believe you don't really know why you asked this question,or should I believe this question is asked because you want to get the answer to it?If you really want to get the answer to this question,I think you shouldn't use your salary for gambling,if you will use it,use a very little of it to gamble to begin your gambling life, because if you should just enter into gambling without knowing the things involved in gambling,you will lose the whole of your salary,and will turn a begger on the street, because you won't have any change in your pockets.
Ask people who are into Gambling,they will guild you on what to do. Title: Re: How much of my salary should I use to gamble Post by: Onyeeze on May 08, 2024, 08:26:37 PM I will say that if the gambler thinks its something he can afford to use all his earnings from work to gamble, then he can go ahead and no one will inform him of being taught the lesson of his life before he could realized that, if we are to gamble, then we must be sure that we have enough money in spare which we can afford to use for this purpose without leaving anything behind undone as part of our responsibilities when gambling. I think that whoever that is earning much amount of money or small amount of money as a salary should you have a particular amount it will use for gambling because if you don't arrange yourself well it might trigger you to make use of all the money you receive as a monthly salary to gamble that is why I do advise people have a statistics in their gambling so that there will know the particular amount they used to gamble monthly and also weekly as a monthly earner what you need to prosper in gambling is to know when you are supposed to gamble and also know how much you use to gamble neither weekly or monthly and you are not supposed to use whatever thing you receive as a salary to gamble anyone that do that it is called a foolishnessTitle: Re: How much of my salary should I use to gamble Post by: traderethereum on May 09, 2024, 04:21:20 AM Safe to say it should be less than 5%, but what would you ask the community about a reference on what percentage of your salary portion should go to gambling, when we all have difference in financial responsibilities with ourselves and our family? If your salary barely enough to pay your bills, mortgages, and even necessities, then that 5% makes a huge difference if you don't spend it on gambling. Less than 5% should be fine to for playing gambling but don't use it all at once because you must knows how much money you can use every time you playing gambling. We can't use 5% every time we playing gambling because that can leads us to use more money if we lose that money without thinks about allocation money to playing gambling.Now, if you are the kind of person who earns a lot, like you can feed, pay bills and everything on time without any problem and you still can have a lot of money left after all those are taken into consideration, then I think 5% might be too little and you can get up to 10% if you really are a gambling person, otherwise 5% would still be enough as the amount varies on the amount of income we can make. It's better we allocate some money for a month and splits into some parts and we only use that parts for playing gambling. We must not deposit more money if we lose that parts because that can breaks our limitation. You must remember that we have other things that needs money so we must separate the money for other needs. That will helps us to have allocation for playing gambling and we will not breaks our rules. In my opinion, using 5% of our monthly salary is quite large because we have to think about our family's daily needs first and if we want to gamble, leaving just a little 2% is enough. We as gamblers must have a clear mind because we have worked hard for one month and only then get a salary and we must use that salary as much as possible with activities that are very useful in our lives. We have to think about our monthly needs and those of our small family, which is very important to do. Playing gambling is just entertainment when we feel bored and tired of our real work and maybe many people indulge in gambling to entertain themselves. Having a clear minds will be necessary so we don't playing gambling too often and only gambling if we really wants to have fun in gambling. We can use other things to have fun such as playing gaming or doing physical activities. I am sure that will help us to train our minds that having fun is not just playing gambling but with other physical things that can helps us to have a strong relationship with our family. We can prevents the will to playing gambling and will not gets tempts with the promotions that we see on gambling site. Title: Re: How much of my salary should I use to gamble Post by: hyudien on May 09, 2024, 09:02:35 AM I think that whoever that is earning much amount of money or small amount of money as a salary should you have a particular amount it will use for gambling because if you don't arrange yourself well it might trigger you to make use of all the money you receive as a monthly salary to gamble that is why I do advise people have a statistics in their gambling so that there will know the particular amount they used to gamble monthly and also weekly as a monthly earner what you need to prosper in gambling is to know when you are supposed to gamble and also know how much you use to gamble neither weekly or monthly and you are not supposed to use whatever thing you receive as a salary to gamble anyone that do that it is called a foolishness When we have a set limit on the amount of money to be used for gambling, even if it is small, there is a possibility that we can lose self-control when gambling, considering that the attraction of gambling is quite strong and can make every player lose control when gambling. So it is not surprising that there are many cases where players use quite a lot of their money to gamble. When we have a salary, it is our right to use it according to what we want, but that doesn't mean we can use it carelessly without considering it well, there are times when we have to be able to consider everything well so that there are no regrets in the end.We should be able to make good use of the salary we have received, use it appropriately, there is nothing wrong if it is used for gambling but it is not natural if all the salary money is used for gambling. It's best to think first before acting, there are times when gambling can provide winnings that may be profitable even if we bet using a small betting amount. Title: Re: How much of my salary should I use to gamble Post by: nullama on May 09, 2024, 09:04:04 AM Risk as much as you want. It's not a matter of % of salary but rather height of that salary compared to the %. Someone who earns $100 a week can't gamble 1% because it's worthless. What are you going to do? Bet $1 on dice every week in hope of getting $2 one day? :D At the same time, someone who makes $10k a week can easily gamble with 1% because that's first guys total salary. So, I won't tell you what to do. You have to know that yourself if 1% or 2% of your salary is enough to do some gambling and at the same time not use too much money. You can bet $1 in some places, and in the end it doesn't really matter how much you bet. It's just probabilities, and the amount is simply a multiplier of the odds. The chances of winning in a bet can be modeled with a number between 0 (impossible to win) to 1 (guaranteed win). The amount you bet multiplied by this number will give you the expected amount you will end up with. You can see that the odds of winning are independent of the amount you gamble. Title: Re: How much of my salary should I use to gamble Post by: bakasabo on May 09, 2024, 10:29:41 AM I have noticed couple of times, that people suggest to spend 1% of monthly salary on gambling. Even though online gambling allows to make ridiculously small bets, wont 1% of monthly salary be to little to get the taste of gambling, if OP plans to gamble during whole month? I am saying that we dont know much about his motives. If it just a wish to gamble, or wish to have fun, or earn. 1% will be enough to gamble once per month and have fun. Based on the amount of salary, 1% out of 100% is really nothing. Even if OP gets lucky and wins, will that amount really satisfy him?
Title: Re: How much of my salary should I use to gamble Post by: angrybirdy on May 09, 2024, 10:36:46 AM I have noticed couple of times, that people suggest to spend 1% of monthly salary on gambling. Even though online gambling allows to make ridiculously small bets, wont 1% of monthly salary be to little to get the taste of gambling, if OP plans to gamble during whole month? I am saying that we dont know much about his motives. If it just a wish to gamble, or wish to have fun, or earn. 1% will be enough to gamble once per month and have fun. Based on the amount of salary, 1% out of 100% is really nothing. Even if OP gets lucky and wins, will that amount really satisfy him? You are right, we are not sure how the set up will be done by OP? Is it daily gambling or once a month? because if 1% of the monthly salary is used daily for 30 days, the OP will end up spending a lot more because when you save that, it's like 30% of the monthly salary will be the total expense, maybe we'll just depend on the gambling set up how much or what percentage is possible for us to suggest to him. Title: Re: How much of my salary should I use to gamble Post by: bakasabo on May 09, 2024, 11:00:18 AM I have noticed couple of times, that people suggest to spend 1% of monthly salary on gambling. Even though online gambling allows to make ridiculously small bets, wont 1% of monthly salary be to little to get the taste of gambling, if OP plans to gamble during whole month? I am saying that we dont know much about his motives. If it just a wish to gamble, or wish to have fun, or earn. 1% will be enough to gamble once per month and have fun. Based on the amount of salary, 1% out of 100% is really nothing. Even if OP gets lucky and wins, will that amount really satisfy him? You are right, we are not sure how the set up will be done by OP? Is it daily gambling or once a month? because if 1% of the monthly salary is used daily for 30 days, the OP will end up spending a lot more because when you save that, it's like 30% of the monthly salary will be the total expense, maybe we'll just depend on the gambling set up how much or what percentage is possible for us to suggest to him. If we just look on this case from mathematics point of view. Lets suppose OP earns $1000 per month. So he should spend only $10 per month (or per session, per day, we dont know it). I really doubt that it is possible to turn $10 into something significant from gambling. We even have a topic here that suggest to cash out our quit after doubling deposit. So we have a guy who earn $1000, that suppose to win $20 or +/- that amount and end with gambling till next salary? First of all, it is quite easy to lose those $10. Secondly, even if he earn $20 or be lucky to earn $30, with $1000 monthly salary, that is still nothing. Title: Re: How much of my salary should I use to gamble Post by: Jody.Drummer on May 09, 2024, 02:10:49 PM You are right, we are not sure how the set up will be done by OP? Is it daily gambling or once a month? because if 1% of the monthly salary is used daily for 30 days, the OP will end up spending a lot more because when you save that, it's like 30% of the monthly salary will be the total expense, maybe we'll just depend on the gambling set up how much or what percentage is possible for us to suggest to him. If we just look on this case from mathematics point of view. Lets suppose OP earns $1000 per month. So he should spend only $10 per month (or per session, per day, we dont know it). I really doubt that it is possible to turn $10 into something significant from gambling. We even have a topic here that suggest to cash out our quit after doubling deposit. So we have a guy who earn $1000, that suppose to win $20 or +/- that amount and end with gambling till next salary? First of all, it is quite easy to lose those $10. Secondly, even if he earn $20 or be lucky to earn $30, with $1000 monthly salary, that is still nothing. The point is that whoever you are and whatever your monthly income is, it is always recommended to allocate a small amount of money for gambling, none other than because the small amount will not make us feel objected when it turns out that at the end of the session we lose, meaning that betting a small amount will make it easier for you to be able to accept the fact of losing because as you said above that the amount is nothing or not too meaningful. Title: Re: How much of my salary should I use to gamble Post by: junder on May 09, 2024, 03:21:34 PM That's why I say less than 5% is fine and 2% is more preferable because we have many things to fills in a month, especially for our family's needs. It's better if we don't playing gambling and only save that money for the urgent situation because we don't knows when we will gets in that situations. basically we work to be able to meet our needs for one month, gambling is actually our own right, but what we have to pay attention to is that we have to be able to balance which money to use for needs or to throw away in terms of daily snacks such as gambling is one of them. when we have income generated from our own hard work, we must use it in a good way it is not recommended to risk all the income generated from work, because gambling can only make us lose money, not make money. We must be able to separate money for needs and for things that are not too important.Having a clear minds will be necessary so we don't playing gambling too often and only gambling if we really wants to have fun in gambling. We can use other things to have fun such as playing gaming or doing physical activities. I am sure that will help us to train our minds that having fun is not just playing gambling but with other physical things that can helps us to have a strong relationship with our family. We can prevents the will to playing gambling and will not gets tempts with the promotions that we see on gambling site. Of course, we have to be able to limit the gambling we do, don't let it just get us into trouble. such as to avoid undesirable things such as large losses, or other things that lead to bad impacts. Even though we have income, we must be able to set limits when gambling so we don't gamble excessively. Title: Re: How much of my salary should I use to gamble Post by: Dewi Aries on May 09, 2024, 05:22:15 PM Yups it's true to say that everyone has a different income in life, but no matter how big your income or how small your income is still the point is that it is advisable to put a small amount or a small percentage to be injected into gambling. If we talk about income then maybe we can see how the difference between the income of the rich and the poor where the difference must be quite significant but still if we talk about how much money should be allocated to gambling then of course it is recommended to put an amount that we can afford or an amount that will not make you feel upset or depressed if in the end you lose, in my opinion 20% is too large a percentage to inject in gambling, and usually the largest amount I bet is between 5% - 7% of my total monthly income and this allocation does not cause any problems at all to my finances. But on the other hand I think we also have to manage other things because managing the amount of money you want to allocate is certainly not useful if you can't manage the time to gamble, or what that means is you also have to manage your gambling time, because it's useless even if you put a small amount but you gamble too often then it can still cause problems in your finances. The amount of money that people have in their salary and want to allocate is something that is very personal, the only thing I can recommend is that a person does not allocate all their salary for gambling, because playing in a casino is always high risk and can be lose everything, if you want to play by allocating a percentage of your salary to gambling, it is something else, the person has to make a list of their expenses, including services and everything that must be covered and what they can allocate is what they think they can spend It is very difficult to say that there are times when it is not even enough to cover the basics, and for each player the economic situation is different, I would speak in a general way assigning 1%, if you can assume it, but not the rest. Title: Re: How much of my salary should I use to gamble Post by: Pandu Geddon on May 09, 2024, 05:30:29 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? If you are an employee and single, I recommend first saving 50-60% of your salary every month until you have enough to start your own business. the rest is for living needs including for fun. In this case includes the budget for betting in gambling. Of course, you can share it yourself based on your needs. If you have determined your safe financial limits, then keep playing with a clear mind to be consistent with your limits. The decision is up to you, and you really know the financial limits that you can use in gambling. Title: Re: How much of my salary should I use to gamble Post by: ChiBitCTy on May 09, 2024, 06:46:30 PM As I often mention here on bitcointalk, do not take financial advice from those whom aren't qualified to give it (which is the vast majority of people here). That being said, gambling really shouldn't be anything more than a fun bit of entertainment to most people, like going to a movie for example. So for most people there really probably shouldn't be a set "percentage" of your salary that is used, rather just a dollar amount you're willing to lose, weekly, monthly or whatever.
Title: Re: How much of my salary should I use to gamble Post by: hedgeh0g on May 09, 2024, 07:00:40 PM As I often mention here on bitcointalk, do not take financial advice from those whom aren't qualified to give it (which is the vast majority of people here). That being said, gambling really shouldn't be anything more than a fun bit of entertainment to most people, like going to a movie for example. So for most people there really probably shouldn't be a set "percentage" of your salary that is used, rather just a dollar amount you're willing to lose, weekly, monthly or whatever. Of course, no one will follow the exact advice and save as a percentage of their salary, because gambling itself implies playing on the player’s emotions. The player then performs various actions that he should not do, for example, after a series of losses, he will want to bet again due to the fact that he cannot be such a big loser. And it will happen again, and then in a rage he will collect all the money he can get and bet it all on red, and POOF and now he is already in debt for several years. This happens easier than lighting a match, but many do not want to understand this. I have simpler settings, I just play for a certain amount and if I lose it, then I don’t have to play for a long time, it could even be several weeks, and after I can afford it again, then I go and place bets if I feel like it want it.Title: Re: How much of my salary should I use to gamble Post by: Lanatsa on May 09, 2024, 07:39:16 PM As I often mention here on bitcointalk, do not take financial advice from those whom aren't qualified to give it (which is the vast majority of people here). That being said, gambling really shouldn't be anything more than a fun bit of entertainment to most people, like going to a movie for example. So for most people there really probably shouldn't be a set "percentage" of your salary that is used, rather just a dollar amount you're willing to lose, weekly, monthly or whatever. Of course, no one will follow the exact advice and save as a percentage of their salary, because gambling itself implies playing on the player’s emotions. The player then performs various actions that he should not do, for example, after a series of losses, he will want to bet again due to the fact that he cannot be such a big loser. And it will happen again, and then in a rage he will collect all the money he can get and bet it all on red, and POOF and now he is already in debt for several years. This happens easier than lighting a match, but many do not want to understand this. I have simpler settings, I just play for a certain amount and if I lose it, then I don’t have to play for a long time, it could even be several weeks, and after I can afford it again, then I go and place bets if I feel like it want it.On which you are right that when it comes to percentage then it could really be tentative because we know that there are moments or times that you would really be that become impulsive on the moment you are losing on which the primary thing that you would be having in mind that you would be needing to deposit more so that you could potentially be able to get those loses back on which its a common reaction that you will be making. As long you do have funds or money in your pocket then the probability is really there when it comes to potential spending more on what you have set out earlier. This is why it does really need up that extreme self control and discipline when you are tending to play gambling because setting out those rules earlier could really be altered out basing up on the emotions that you are really that feeling on that particular moment or time. Title: Re: How much of my salary should I use to gamble Post by: Porfirii on May 09, 2024, 07:47:46 PM As I often mention here on bitcointalk, do not take financial advice from those whom aren't qualified to give it (which is the vast majority of people here). That being said, gambling really shouldn't be anything more than a fun bit of entertainment to most people, like going to a movie for example. So for most people there really probably shouldn't be a set "percentage" of your salary that is used, rather just a dollar amount you're willing to lose, weekly, monthly or whatever. Of course, no one will follow the exact advice and save as a percentage of their salary, because gambling itself implies playing on the player’s emotions. The player then performs various actions that he should not do, for example, after a series of losses, he will want to bet again due to the fact that he cannot be such a big loser. And it will happen again, and then in a rage he will collect all the money he can get and bet it all on red, and POOF and now he is already in debt for several years. This happens easier than lighting a match, but many do not want to understand this. I have simpler settings, I just play for a certain amount and if I lose it, then I don’t have to play for a long time, it could even be several weeks, and after I can afford it again, then I go and place bets if I feel like it want it.That's the clue: many people won't understand it, even if the best financial advice ever is given. Chances are that the OP only wants to hear a certain percentage, but gambling is not an investment, and it is not like when you say to someone "you should save at least 30% of your salary" either. It is positive, though, to set a limit, a red line, a roof. But not a floor. The perspective is important. Title: Re: How much of my salary should I use to gamble Post by: Rockstarguy on May 09, 2024, 09:31:00 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? You as a gambler you are suppose to know the amount of money that if you should play with that won't affect you and even if you only play with a little amount you rally need to have a limit of playing gambling because playing all the time is another way of losing money in gambling. If you really value your money and you want to achieve good things with money do not engage yourself so much I'm gambling because it will only make you ro become addicted that you won't be able to make any good plan with money, instead you would always want to do crazy things to play gambling. Title: Re: How much of my salary should I use to gamble Post by: Zoomic on May 09, 2024, 11:09:00 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? You as a gambler you are suppose to know the amount of money that if you should play with that won't affect you and even if you only play with a little amount you rally need to have a limit of playing gambling because playing all the time is another way of losing money in gambling. If you really value your money and you want to achieve good things with money do not engage yourself so much I'm gambling because it will only make you ro become addicted that you won't be able to make any good plan with money, instead you would always want to do crazy things to play gambling. I do not think OP really has a clue of what gambling is, because if he does he wouldn't be getting recommendations from us on how much he should gamble with. Gambling because everyone around you gambles is not actually a good reason for deciding to gamble. This is a pure case of societal influence and we just hope that the society doesn't push him into becoming a bad gambler in the future. However if he must gamble, he should not exceed 5% of his monthly income. The percentage to set aside largely depends on his financial status and household responsibilities. He shouldn't be so interested in gambling when their are bills to pay with that 5%. Gambling is not for the weak, I just hope OP is really prepared to be a gambler. Title: Re: How much of my salary should I use to gamble Post by: n0ne on May 09, 2024, 11:59:39 PM I don't suggest allocating any percentage for gambling. To me, it is good to have patience and meet the month's needs. Further, if you've got anything in excess, you can spend 5% to the maximum. If you find yourself on the winning side, you should have the self-control to quit or stop the session for the day, week, or month. This practice will help you have a better gambling experience without big losses.
There are people who wait for a month to receive their salary in their account, and soon after it gets credited, they start to gamble. Some find luck and stop at the right time and take an exit, whereas most don't win and lose their entire salary. After losing it, they continue to borrow from friends and family to meet the month's needs. This shouldn't happen. Title: Re: How much of my salary should I use to gamble Post by: zuzie on May 10, 2024, 02:00:17 AM That's why I say less than 5% is fine and 2% is more preferable because we have many things to fills in a month, especially for our family's needs. It's better if we don't playing gambling and only save that money for the urgent situation because we don't knows when we will gets in that situations. Having a clear minds will be necessary so we don't playing gambling too often and only gambling if we really wants to have fun in gambling. We can use other things to have fun such as playing gaming or doing physical activities. I am sure that will help us to train our minds that having fun is not just playing gambling but with other physical things that can helps us to have a strong relationship with our family. We can prevents the will to playing gambling and will not gets tempts with the promotions that we see on gambling site. The advice you say is indeed very correct to do, but the reality is that there are still many gamblers who are already trapped in a state of addiction so that their behavior and clear thinking will not be optimal in changing the nature of their addiction. And if it is not yet included in the addiction category, it would be good if we slowly apply the advice you have said to gambling because it is a safe way and to prevent addictive behavior so that we gamble just for fun and are still consistent in betting. money there because the most important thing is to think about the family's needs first, play gambling if there is money left over. Title: Re: How much of my salary should I use to gamble Post by: traderethereum on May 10, 2024, 05:22:18 AM basically we work to be able to meet our needs for one month, gambling is actually our own right, but what we have to pay attention to is that we have to be able to balance which money to use for needs or to throw away in terms of daily snacks such as gambling is one of them. when we have income generated from our own hard work, we must use it in a good way it is not recommended to risk all the income generated from work, because gambling can only make us lose money, not make money. We must be able to separate money for needs and for things that are not too important. If we work, we will gets salary to fills our needs in a month but we don't have to use that money to playing gambling. If he wants to playing gambling, he must knows how much the money he can use to playing gambling. He can use small money to playing gambling just to fills his free time to have fun in gambling but usually, when someone engage to gambling, he can forgets to stops and will use more money to gambling. Of course, we have to be able to limit the gambling we do, don't let it just get us into trouble. such as to avoid undesirable things such as large losses, or other things that lead to bad impacts. Even though we have income, we must be able to set limits when gambling so we don't gamble excessively. That's will not be a good idea because that can makes him becomes addicted to gambling soon as we knows that playing gambling can tempts us easily. Having a salary doesn't means we can use that for playing gambling, especially if he have many things to fills with that money. Yes, limiting the gambling we do is a must to avoids the problems that can occurs. We must learn about limits our money so we don't have to gets a large losses. The advice you say is indeed very correct to do, but the reality is that there are still many gamblers who are already trapped in a state of addiction so that their behavior and clear thinking will not be optimal in changing the nature of their addiction. Many gamblers doesn't understand about how to stay away from the addictions and still playing gambling aggressively without thinks about how if they lose much money. If they can thinks about that, they will not use more money to playing gambling and always be careful when gambling.And if it is not yet included in the addiction category, it would be good if we slowly apply the advice you have said to gambling because it is a safe way and to prevent addictive behavior so that we gamble just for fun and are still consistent in betting. money there because the most important thing is to think about the family's needs first, play gambling if there is money left over. They knows that they must be able to avoids the addiction and not use their salary to playing gambling. They must knows what their priority first before they decides to playing gambling, especially playing gambling have risks. They can have fun in gambling but it's better they search for the other things to fills their times and not just playing gambling. If they knows how to fills their times, they will not gets addicted to gambling because they will use other things to have fun. Title: Re: How much of my salary should I use to gamble Post by: hyudien on May 10, 2024, 06:28:36 AM I don't suggest allocating any percentage for gambling. To me, it is good to have patience and meet the month's needs. Further, if you've got anything in excess, you can spend 5% to the maximum. If you find yourself on the winning side, you should have the self-control to quit or stop the session for the day, week, or month. This practice will help you have a better gambling experience without big losses. I think that 5% is enough when this month's needs are met. What's more, of course we need income every day, whether it's to buy snacks or something else, even though gambling will definitely end in disappointing results, we must be able to control ourselves so as not to gamble excessively, such as by putting money back into gambling. The main thing is that we have to pay attention to our needs first, don't ignore our own needs for things that have uncertain results.There are people who wait for a month to receive their salary in their account, and soon after it gets credited, they start to gamble. Some find luck and stop at the right time and take an exit, whereas most don't win and lose their entire salary. After losing it, they continue to borrow from friends and family to meet the month's needs. This shouldn't happen. when they find luck, they should be able to stop by taking advantage of the luck they have obtained, don't waste the luck they have obtained. with so many of them experiencing the loss of a certain amount of money, we should be aware of this, so that we can take advantage of the luck that has given us victory. or will suffer the same fate as many people who lose money. Title: Re: How much of my salary should I use to gamble Post by: bakasabo on May 10, 2024, 07:44:15 AM You are right, we are not sure how the set up will be done by OP? Is it daily gambling or once a month? because if 1% of the monthly salary is used daily for 30 days, the OP will end up spending a lot more because when you save that, it's like 30% of the monthly salary will be the total expense, maybe we'll just depend on the gambling set up how much or what percentage is possible for us to suggest to him. If we just look on this case from mathematics point of view. Lets suppose OP earns $1000 per month. So he should spend only $10 per month (or per session, per day, we dont know it). I really doubt that it is possible to turn $10 into something significant from gambling. We even have a topic here that suggest to cash out our quit after doubling deposit. So we have a guy who earn $1000, that suppose to win $20 or +/- that amount and end with gambling till next salary? First of all, it is quite easy to lose those $10. Secondly, even if he earn $20 or be lucky to earn $30, with $1000 monthly salary, that is still nothing. The point is that whoever you are and whatever your monthly income is, it is always recommended to allocate a small amount of money for gambling, none other than because the small amount will not make us feel objected when it turns out that at the end of the session we lose, meaning that betting a small amount will make it easier for you to be able to accept the fact of losing because as you said above that the amount is nothing or not too meaningful. I think you get my idea wrong. The point was not to allocate the small amount or as low as possible, but a significant amount person can afford to lose. If you allocate a tiny amount, you wont feel any happiness from winning, or will run out of balance quick. And that might force you to deposit again, more. Such low balance gambler can have a "not enough" feeling after he run out of available allocated money. Title: Re: How much of my salary should I use to gamble Post by: Bd officer on May 10, 2024, 08:36:15 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? It depends on you. You can gamble with what you can afford to lose. You might not lose as much money as someone else, so you can't gamble on someone else's advice. I don't know how much money do you earn? You can spend a small amount of your salary on gambling, let's say you can spend 4-5% of your monthly salary on gambling. But I will suggest you, you never become addicted to gambling, you can gamble for fun. Finally, don't be greedy and take too many risks. I also spend 4-5% of my monthly income on gambling for fun.Title: Re: How much of my salary should I use to gamble Post by: junder on May 10, 2024, 10:41:10 AM basically we work to be able to meet our needs for one month, gambling is actually our own right, but what we have to pay attention to is that we have to be able to balance which money to use for needs or to throw away in terms of daily snacks such as gambling is one of them. when we have income generated from our own hard work, we must use it in a good way it is not recommended to risk all the income generated from work, because gambling can only make us lose money, not make money. We must be able to separate money for needs and for things that are not too important. If we work, we will gets salary to fills our needs in a month but we don't have to use that money to playing gambling. If he wants to playing gambling, he must knows how much the money he can use to playing gambling. He can use small money to playing gambling just to fills his free time to have fun in gambling but usually, when someone engage to gambling, he can forgets to stops and will use more money to gambling. Of course, we have to be able to limit the gambling we do, don't let it just get us into trouble. such as to avoid undesirable things such as large losses, or other things that lead to bad impacts. Even though we have income, we must be able to set limits when gambling so we don't gamble excessively. That's will not be a good idea because that can makes him becomes addicted to gambling soon as we knows that playing gambling can tempts us easily. Having a salary doesn't means we can use that for playing gambling, especially if he have many things to fills with that money. Yes, limiting the gambling we do is a must to avoids the problems that can occurs. We must learn about limits our money so we don't have to gets a large losses. Gambling does have a strong attraction and it is natural that many people are addicted to gambling because the lure of winning which is easy to obtain is one of the attractors for many people to gamble. When you gamble by investing a small amount of money and it ends in defeat, you should stop, you must be able to control yourself with the gambling you do, including limiting your gambling activities when you lose or even when you win. Title: Re: How much of my salary should I use to gamble Post by: klidex on May 10, 2024, 11:03:54 AM I have noticed couple of times, that people suggest to spend 1% of monthly salary on gambling. Even though online gambling allows to make ridiculously small bets, wont 1% of monthly salary be to little to get the taste of gambling, if OP plans to gamble during whole month? I am saying that we dont know much about his motives. If it just a wish to gamble, or wish to have fun, or earn. 1% will be enough to gamble once per month and have fun. Based on the amount of salary, 1% out of 100% is really nothing. Even if OP gets lucky and wins, will that amount really satisfy him? If you use 1% of your salary to use it for gambling, it really doesn't mean anything, because 1% of 100% is very different, I'm also not sure if you can use 1% for fun or not. I think it can only be used for a short time and can't be used lasts a long time if he only plays once when he gets paid, but if 1% is used in one month I think that's ridiculous unless he only gambles once a month, usually people who gamble responsibly use around 5-10% so I think the salary every month if you spend 1% is too little and even if you make a profit you won't feel satisfied.Everyone has different thoughts depending on their satisfaction. If they only use 1% of their total salary and they are still satisfied, then it doesn't matter, maybe that's a number they can afford to lose and not more than that number. I also always advise people not to exceed the limits in gambling and always apply a disciplined attitude without exceeding the numbers they have prepared. If it doesn't produce anything, immediately stop and rest, we can enjoy gambling another time when we get paid again. Title: Re: How much of my salary should I use to gamble Post by: adpinbr on May 11, 2024, 07:59:29 AM Well if I will advise you, some people really like taking risk but I will only advise you to take just few part of your salary to gamble, using much more on your salary may not be good so I will advise you to use at least 5 percent of your salary and it will be good and not too much and you will also get what you want, so if you los it won’t affect you the most
Title: Re: How much of my salary should I use to gamble Post by: Ultegra134 on May 11, 2024, 08:29:24 AM I think you get my idea wrong. The point was not to allocate the small amount or as low as possible, but a significant amount person can afford to lose. If you allocate a tiny amount, you wont feel any happiness from winning, or will run out of balance quick. And that might force you to deposit again, more. Such low balance gambler can have a "not enough" feeling after he run out of available allocated money. I never really fathomed the idea of what you can afford to lose; although I understand the deeper meaning behind it, I'd reword it as what you're comfortable losing in case things go south. This question has been made before, and from my understanding, it seems like the OP is asking for validation for his gambling habits, mentioning that pretty much everyone around him is already doing it. I could be wrong, but that's how it sounds.There's no ideal or correct percentage; it's completely up to you and how much money you're comfortable allocating towards gambling alone. If you're fine with spending $50 per week or month, even though it accounts for a higher percentage of your salary, then you don't have to worry. Anywhere between 5% and 10%, depending on your habits, suffices and isn't too overboard. Title: Re: How much of my salary should I use to gamble Post by: avp2306 on May 11, 2024, 10:00:21 AM Well if I will advise you, some people really like taking risk but I will only advise you to take just few part of your salary to gamble, using much more on your salary may not be good so I will advise you to use at least 5 percent of your salary and it will be good and not too much and you will also get what you want, so if you los it won’t affect you the most Few part of our salary will be the most convenient amount to use since we know gambling is so risky and if we take a large part of our bi-weekly or monthly earnings for sure this is huge loss to be gotten by us since we will experience hardship with that. Its good to follow those suggestion that gamble the amount your can afford to lose also just enjoy the game and don't expect more or look forward to take home huge gains since maybe this will trigger us to became so greedy and result might bad for us. Also OP should answer his own question since what matter there is on how much he can afford to use on his gambling vices since we don't know how much he earn so for sure he can surely divide all of his earnings then see how much left for gambling. If he extend and get more then its fine as long as he have extra funds which he can use for gambling. Title: Re: How much of my salary should I use to gamble Post by: traderethereum on May 11, 2024, 11:30:52 AM There is also no obligation to invest your salary in gambling, because in my opinion, if it is for entertainment or in other words, everyone has their own thoughts about their level of enjoyment. not everyone who works and when they get their salary will put it into gambling, because each person's pleasure is different, I myself actually don't have a problem with those who use their salary money to gamble, but we have to be able to pay attention to which things are more important and which are less important. because it's true what you say, someone who even has limits can sometimes forget to stop because of the strong attraction of gambling. If he can thinks twice about his decision to use some of his salary to playing gambling, he will see that is not a good idea if he can't control himself in gambling. Many people already lost their money in gambling and he needs to learns from their experience and not trying to follows them.Gambling does have a strong attraction and it is natural that many people are addicted to gambling because the lure of winning which is easy to obtain is one of the attractors for many people to gamble. When you gamble by investing a small amount of money and it ends in defeat, you should stop, you must be able to control yourself with the gambling you do, including limiting your gambling activities when you lose or even when you win. People who gets salary must uses his money better and not thinks about using it to playing gambling. He can uses his salary for the other things that can gives him benefits such as investment because that can gives him profits in the future. Gambling can tempts many people to try because they sees other people can gets wins for playing gambling with some money. But they don't knows or realizes that winning in gambling is not easy and many people already lose much money. Title: Re: How much of my salary should I use to gamble Post by: HelliumZ on May 11, 2024, 11:37:46 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? See since gambling is legalized in your country any person can take up gambling as a source of income and career in your country. In this case, he will not have any social or state responsibility. An employee can spend part of his salary on gambling. However, if there is some part of the salary left after supporting the family, then they can gamble with the remaining money. But it will depend on salary and family expenses. Whether the family can afford to gamble more by reducing spending will of course depend on the gambler's income . But I think a gambler should spend 5-8% salary to use gambling bets....Title: Re: How much of my salary should I use to gamble Post by: teamsherry on May 11, 2024, 11:46:47 AM Bro this quick rhetorical, is gambling an investment that you might want to allocate some amount to one monthly basis or do you consider it a source of income, yeah I understand that some has used gambling as a side income stream but my only advice here would be gamble with what you can afford to lose, if possible like a 5% allocation won't be possible bad since its nothing compared to the rest 95%, but make sure you have some wins if not that compiled over time woudl be up to a month's salary wasted on gambling.
Title: Re: How much of my salary should I use to gamble Post by: zuzie on May 11, 2024, 01:47:36 PM Many gamblers doesn't understand about how to stay away from the addictions and still playing gambling aggressively without thinks about how if they lose much money. If they can thinks about that, they will not use more money to playing gambling and always be careful when gambling. They knows that they must be able to avoids the addiction and not use their salary to playing gambling. They must knows what their priority first before they decides to playing gambling, especially playing gambling have risks. They can have fun in gambling but it's better they search for the other things to fills their times and not just playing gambling. If they knows how to fills their times, they will not gets addicted to gambling because they will use other things to have fun. Totally agree with this, yes there are still many gamblers who cannot comprehend and understand that gambling can cause an addictive attitude and from the bad effects of this addiction, gamblers will experience changes in their behavior and life which was previously fine and then appears to be not fine. Yes, for example, someone who is addicted to gambling will use the results of their hard work, namely their salary, which should be used for daily needs, but instead they are also involved in gambling and we have often encountered this kind of behavior around us and the impact is very great. terrible and very worrying because only he himself will suffer and feel it, but the people around him, even his family, will also suffer. Title: Re: How much of my salary should I use to gamble Post by: Troytech on May 11, 2024, 02:10:14 PM I really think you need to answer this question yourself, but first I'll give some hint, what is a gamble, its a bet on a outcome that you feel would happens it guarantee? No, can you lose your money? Yes, so with this you shoudl understand that this is no no investment at all it is more like trying your luck on something cause you would never know no matter how much you try to get it right.
It's up to you to decide how much you can stake in gambling, but I'll rather have you change the perspective of allocate cause you shoudl only invest what you can afford to lose, more like a spare money or something that you feel okay to risk. If you ask me how I do my own, I mostly stake high, but don't get me wrong, I stake what I can afford to lose and its only once a week during weekend like today I gamble cause there are enough games to pick from, when I'm done with my week expenses and investment, with whatever cash I have left that I could use to get some enjoyments or maybe at times not enough to go out I just use it to gamble away, and this is okay with me and I don't how much of a gambler you are , so my advice is se your spare money not some allocation cause if you consistently lose those amount to gambling at some point you might start to regret and all that, so most preferable use yoru spare money and try your luck. It's what it is mate. Title: Re: How much of my salary should I use to gamble Post by: Hypnosis00 on May 11, 2024, 02:13:20 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? NO, I don't allocate money for my gambling habit but what I just did is to save some from my monthly allowance and use it for gambling. I won't say this is the right thing we should do or you will follow this. What I can say to you is don't keep gambling in your mind nor allocate money for it because this will mean that gambling is more important than other things. Just gamble when you have extra money, not because you allocate some percentage of your monthly income. Sooner or later, if you are allocating 0.5% today, it will possibly become 1% (or even more)someday due to addiction. Don't think this is a piece of advice but just a reminder that gambling is just a hobby, not an important thing that we need to allocate money for it. Title: Re: How much of my salary should I use to gamble Post by: Mr.suevie on May 11, 2024, 02:21:09 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? This question you are asking only you can answer it because it's actually your salary and you are the one who knows how and where you think you will get inconveniences if actually you used the money to gamble. I think setting the money to the range amount in which you can lose and won't get affected by the losses is actually what is needed from you as a gambler because the moment you lose and the funds you lost gets to you then it's now becomes a problem.Title: Re: How much of my salary should I use to gamble Post by: Aanuoluwatofunmi on May 11, 2024, 02:29:43 PM Bro this quick rhetorical, is gambling an investment that you might want to allocate some amount to one monthly basis or do you consider it a source of income, yeah I understand that some has used gambling as a side income stream but my only advice here would be gamble with what you can afford to lose, if possible like a 5% allocation won't be possible bad since its nothing compared to the rest 95%, but make sure you have some wins if not that compiled over time woudl be up to a month's salary wasted on gambling. Anyone interested in gambling should make it in a more appropriate manner whereby it wont affect him and the relationship of the people around him, we cannot assume gambling as a means of making money, also we should know the risk involved in gambling, for a salary earner, such gambler will think about this twice before making any decision on gambling from his earned monthly salary for gambling, because they already know they have no alternative for survival after salary. Title: Re: How much of my salary should I use to gamble Post by: lalabotax on May 11, 2024, 02:37:44 PM Gambling is becoming a popular thing in my locality almost everyone gamble Since ancient times, gambling has actually been very booming. it's just that they are offline gambling and traditional ones. therefore, not many people know. It's just that now, we can find various types of gambling, especially online gambling, which can be done safely, at any time, by anyone, even in countries where gambling is prohibited. so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? If this is done in a country where gambling is legal, it seems like there really is no need to hide to do gaming, because maybe most people also do it so it's the same thing. It's just that for those in countries where gambling is prohibited, this will involve things that involve shame, prohibition, and also a reluctance to inform other people. Because it's too risky.So with this, I think about how much of our salary we should use for gambling. then the answer is as much as you can afford to loose. because gambling does not guarantee that you will always get higher profits. So make sure that you are gambling with a percentage of funds that is possible and reasonable. so you don't need to take out a loan if one day you need it. because basically here, we often force our finances to use it for gambling, but in fact it actually makes us more anxious and detrimental. Title: Re: How much of my salary should I use to gamble Post by: panjul07 on May 11, 2024, 02:38:30 PM Well if I will advise you, some people really like taking risk but I will only advise you to take just few part of your salary to gamble, using much more on your salary may not be good so I will advise you to use at least 5 percent of your salary and it will be good and not too much and you will also get what you want, so if you los it won’t affect you the most At least 5% means that he should spend starting from 5% to 100%? Do you mean to say no more than 5% or it is real "at least" 5% as if it is real "at least" 5% means that it is a crazy advice. If he follow your advice, he may spend his whole salary for gambling and it is absolutely not good for his financial life. I really think you need to answer this question yourself, Exactly, we should know about it ourselves because it is our own financial life which is our own responsibility how to manage it wisely. Spending money for gambling based on specific percent from the salary can be dangerous, because what we need to spend for other things within a month can be something unpredictable. Title: Re: How much of my salary should I use to gamble Post by: Dewi Aries on May 11, 2024, 03:06:09 PM Bro this quick rhetorical, is gambling an investment that you might want to allocate some amount to one monthly basis or do you consider it a source of income, yeah I understand that some has used gambling as a side income stream but my only advice here would be gamble with what you can afford to lose, if possible like a 5% allocation won't be possible bad since its nothing compared to the rest 95%, but make sure you have some wins if not that compiled over time woudl be up to a month's salary wasted on gambling. Anyone interested in gambling should make it in a more appropriate manner whereby it wont affect him and the relationship of the people around him, we cannot assume gambling as a means of making money, also we should know the risk involved in gambling, for a salary earner, such gambler will think about this twice before making any decision on gambling from his earned monthly salary for gambling, because they already know they have no alternative for survival after salary. And also with this mindset, I am sure that you will not do various actions that tend to be excessive, because usually excessive actions in gambling are always owned and done by gamblers who are trying to make money in gambling, which actually makes them in a lot of danger that will continue to lurk in the long run. And also by having an understanding that gambling is not a place to earn then I'm sure whoever it is will not allocate large amounts of money, most likely they will only put small amounts because they think that gambling is just a normal game that requires them to spend some money if they want to be involved in the game, and this approach I think clearly will not disturb the financial balance in his life. Title: Re: How much of my salary should I use to gamble Post by: I_Anime on May 11, 2024, 03:19:39 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? At first don't forget is your hard earn money, so be cautious of the way you make use of it . At first don't let greed to get the best of you leading to gamble with all yah salary inorder to win something huge. Well I can't actually tell you how much you can use from your salary in gambling. But all can say is that just keep to this term , gamble with what you know you can afford to lose. And once you run out of such money (money you can afford to lose) , I will advice you to not gamble till you have money you can easily risk . Title: Re: How much of my salary should I use to gamble Post by: Smartvirus on May 11, 2024, 03:39:36 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? This question you are asking only you can answer it because it's actually your salary and you are the one who knows how and where you think you will get inconveniences if actually you used the money to gamble. In the end, it’s really up to the individual to know just how much problems they’ve got, how to appropriate their expenses and find out just how much might be okay to still be cool living with them gambling habits. Title: Re: How much of my salary should I use to gamble Post by: Beparanf on May 11, 2024, 03:56:17 PM But all can say is that just keep to this term , gamble with what you know you can afford to lose. And once you run out of such money (money you can afford to lose) , I will advice you to not gamble till you have money you can easily risk . This is always the trivial part, Gamblers doesn’t know what they can afford to lose that’s why some gamblers relies on the fixed percentage as basis for their limit since some don’t have limit until they bust all their bankroll. We are talking about money here, hard earned money as you mention which means every penny counts. I’m always a fan of “gamble what you can afford to lose” but some people don’t have a sense on determining it by themselves so setting a fixed percentage is good way to test first on how much you can endure losing. Title: Re: How much of my salary should I use to gamble Post by: coinerer on May 11, 2024, 04:55:59 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? How much percentage of your salary you spend on gambling will depend on your monthly salary. From there, if you lose the amount of money, you can use the rest of the money to run smoothly for the whole month, and you can use that amount of money to gamble for fun. But if you gamble more than that amount and lose it, you will be in a lot of trouble. But if you win gambling you will get a lot of money. In my opinion you should never gamble with extra money. Because in gambling you can never make a confirmed prediction. so if you have Hughes chances to loseTitle: Re: How much of my salary should I use to gamble Post by: lizarder on May 11, 2024, 05:28:11 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? This is quite a rare question that I hear and in my area gambling is not legal so there are limitations that we have to do. If asked what percentage of salary is used in gambling and in my opinion it is relative because everyone has a different salary amount. If you are not an active gambler, perhaps the amount of salary used can be adjusted and the most important thing is that the percentage used is not much greater than other requirements.I only use a small budget in gambling and until now it has never exceeded the percentage figure of 30 percent of my salary. Usually I only gamble at certain moments and more often on football, because in the past I often played on several gambling platforms, but as time went by I limited it a little. Title: Re: How much of my salary should I use to gamble Post by: GxSTxV on May 11, 2024, 06:05:44 PM I think it depends on how much you earn and how much your salary is. If you are making a lot every month then maybe spending 5% is okay if you afford losing that much of money ofcourse.
If you're not making enough I don't suggest you gamble at all, maybe 1% is enough for you. You should prioritise your financial obligations first. It is always best and preferable to stick to an amount of money you are comfortable with and you can afford losing. Title: Re: How much of my salary should I use to gamble Post by: decodx on May 11, 2024, 06:35:41 PM Anyone interested in gambling should make it in a more appropriate manner whereby it wont affect him and the relationship of the people around him, we cannot assume gambling as a means of making money, also we should know the risk involved in gambling, for a salary earner, such gambler will think about this twice before making any decision on gambling from his earned monthly salary for gambling, because they already know they have no alternative for survival after salary. I think you've really identified the key issue here. Gambling just for entertainment can be fine. but looking at it like free cash to pay for everything you want? Definitely not a good plan. People with steady jobs need to be really careful especially. That paycheck isn't meant to enable a gambling fixation. It keeps your home and feeds your family. Though I'd guess folks like that actually appreciate the value of their earnings more, since they worked hard for the money. Folks who come by cash without much effort tend to spend it casually too. (My opinion and observation only.) Title: Re: How much of my salary should I use to gamble Post by: DaNNy001 on May 11, 2024, 07:15:21 PM Most persons started off with gambling for fun and after which they have kept a continuous relationship with gamble, they end up becoming addicted. Asking how much of your salary is to be used for gambling is a bit suspicious, and it could mean you have already started using more than you are supposed to use. As gamblers, when you don't understand the function of gambling and you take it as a means of making money, you'll definitely end up spending more than you ought to spend from you salary into gambling.
Title: Re: How much of my salary should I use to gamble Post by: CryptSafe on May 11, 2024, 07:33:47 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? I see from the looks, seems gambling is legal in your country and that is why your colleagues are confident having gambling discussion in the office. Since your colleagues could do such openly then it means that your employer could do nothing about it in restraining them during work hours.Based on your question, your gambling depends on your level of income. They higher you earn, the more money you would want to gamble so in that case, you will have to gamble accordingly to your income level. You can use 5% of your income if you can but 1% would be very much okay so that you do not get worried about your loss if that be the case or end results of your gambling. Title: Re: How much of my salary should I use to gamble Post by: AnonBitCoiner on May 11, 2024, 07:45:52 PM This question you are asking only you can answer it because it's actually your salary and you are the one who knows how and where you think you will get inconveniences if actually you used the money to gamble. I think setting the money to the range amount in which you can lose and won't get affected by the losses is actually what is needed from you as a gambler because the moment you lose and the funds you lost gets to you then it's now becomes a problem. We cannot give advice to anyone regarding his money because a person always earned his salary due to his hard work so if he spends this salary in gambling because of the suggestions of others then this suggestion will spoil the life of his family. I think a person can think about his salary and gambling Activities better than others so don't ask about suggestions to anyone as their financial status and living conditions are different from yours. If you are earning less income and it can just help you to carry out daily expenses then don't gamble because with gambling you will be unable to provide good quality expenses to your family so try to invest this money which you want to use for gambling. Title: Re: How much of my salary should I use to gamble Post by: Bravut on May 11, 2024, 09:03:49 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Gambling is popular and legal in your country, are you sure you don't want to get involved in this because your colleagues are involved? Well, the percentage to be taken from your salary to gamble is based off on your salary amount, and how far the salary covers for any expenses before thinking of removing any to gamble as there is no certainity that you will recover. For me, I think 1% is ok, since you are a starter so no need to over leverage for now, till you understand what gambling entails. I would greatly advice if you have any other source of income, or discretionary funds you can use that to gamble rather than your salary. Title: Re: How much of my salary should I use to gamble Post by: erep on May 11, 2024, 09:18:53 PM This question you are asking only you can answer it because it's actually your salary and you are the one who knows how and where you think you will get inconveniences if actually you used the money to gamble. I think setting the money to the range amount in which you can lose and won't get affected by the losses is actually what is needed from you as a gambler because the moment you lose and the funds you lost gets to you then it's now becomes a problem. We cannot give advice to anyone regarding his money because a person always earned his salary due to his hard work so if he spends this salary in gambling because of the suggestions of others then this suggestion will spoil the life of his family. I think a person can think about his salary and gambling Activities better than others so don't ask about suggestions to anyone as their financial status and living conditions are different from yours. If you are earning less income and it can just help you to carry out daily expenses then don't gamble because with gambling you will be unable to provide good quality expenses to your family so try to invest this money which you want to use for gambling. Family is the main priority that we have to meet all their needs and we also have to add every salary for savings and investments, so there is no allocation for gambling unless you set aside a small portion of funds for gambling and maybe $5-10 is enough for gambling for fun , and you must make sure not to add another allocation if you have lost. Title: Re: How much of my salary should I use to gamble Post by: swogerino on May 11, 2024, 10:01:14 PM This question you are asking only you can answer it because it's actually your salary and you are the one who knows how and where you think you will get inconveniences if actually you used the money to gamble. I think setting the money to the range amount in which you can lose and won't get affected by the losses is actually what is needed from you as a gambler because the moment you lose and the funds you lost gets to you then it's now becomes a problem. We cannot give advice to anyone regarding his money because a person always earned his salary due to his hard work so if he spends this salary in gambling because of the suggestions of others then this suggestion will spoil the life of his family. I think a person can think about his salary and gambling Activities better than others so don't ask about suggestions to anyone as their financial status and living conditions are different from yours. If you are earning less income and it can just help you to carry out daily expenses then don't gamble because with gambling you will be unable to provide good quality expenses to your family so try to invest this money which you want to use for gambling. Family is the main priority that we have to meet all their needs and we also have to add every salary for savings and investments, so there is no allocation for gambling unless you set aside a small portion of funds for gambling and maybe $5-10 is enough for gambling for fun , and you must make sure not to add another allocation if you have lost. That is the best advice to use a really small budget for gambling and if you feel fun while gambling and want to make it last it means you need to use a feature almost all casinos have nowadays and use the IDR as a currency because 5-10 dollars are about 75.000 to 150.000 IDR and there are some slot providers that offers to play with as little as 100 IDR as a bet,this will make sure you only play for fun,enjoy yourself a bit longer and also place some sport bets if you want,it will keep you entertained long enough to not think about adding more money to try the gambling and as such you would be doing great in saving other parts of the salary for your family needs. Title: Re: How much of my salary should I use to gamble Post by: Wakate on May 11, 2024, 10:50:53 PM This question you are asking only you can answer it because it's actually your salary and you are the one who knows how and where you think you will get inconveniences if actually you used the money to gamble. I think setting the money to the range amount in which you can lose and won't get affected by the losses is actually what is needed from you as a gambler because the moment you lose and the funds you lost gets to you then it's now becomes a problem. We cannot give advice to anyone regarding his money because a person always earned his salary due to his hard work so if he spends this salary in gambling because of the suggestions of others then this suggestion will spoil the life of his family. I think a person can think about his salary and gambling Activities better than others so don't ask about suggestions to anyone as their financial status and living conditions are different from yours. If you are earning less income and it can just help you to carry out daily expenses then don't gamble because with gambling you will be unable to provide good quality expenses to your family so try to invest this money which you want to use for gambling. Family is the main priority that we have to meet all their needs and we also have to add every salary for savings and investments, so there is no allocation for gambling unless you set aside a small portion of funds for gambling and maybe $5-10 is enough for gambling for fun , and you must make sure not to add another allocation if you have lost. Title: Re: How much of my salary should I use to gamble Post by: Fiasem20 on May 11, 2024, 11:41:13 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? There is no specific amount you can use to gamble it all depends on your income.If your income is more than enough then you can gamble with 15% of your income then if you earn little amount of income out from your income you can gamble like 5% of your income.Whether you earn large income or small, gamble the amount that maybe if you lose it won't affect your mental/physical status.Title: Re: How much of my salary should I use to gamble Post by: I_Anime on May 12, 2024, 12:19:44 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? There is no specific amount you can use to gamble it all depends on your income.If your income is more than enough then you can gamble with 15% of your income then if you earn little amount of income out from your income you can gamble like 5% of your income.Whether you earn large income or small, gamble the amount that maybe if you lose it won't affect your mental/physical status.Exactly, irrespective of yah earnings, just gamble with the amount you can afford to lose . Because some people will be like my earnings are nice and huge I can gamble with it however I like , that's how reckless way of gambling normally start . Then they wil stop gambling for fun but for trying to get back what they have loss and most this normally lead to gambling addict and eventually endup getting himself rekt. Because no matter your earnings gambling can still ruins ones life if it's not approach properly. Title: Re: How much of my salary should I use to gamble Post by: bakasabo on May 12, 2024, 06:59:54 AM You can use 5% of your income if you can but 1% would be very much okay so that you do not get worried about your loss if that be the case or end results of your gambling. But gambler must understand, that the larger his bank is, the greater amount he could win (this also works in other direction as well). If you gamble with 1% of your salary, dont expect to have a big win. People are happy when they double their money. Turning 1% into 2% might not be a significant amount to stop gambling. I believe that most people will be greedy and continue gambling, which will lead to loosing. Title: Re: How much of my salary should I use to gamble Post by: junder on May 12, 2024, 07:36:39 AM There is also no obligation to invest your salary in gambling, because in my opinion, if it is for entertainment or in other words, everyone has their own thoughts about their level of enjoyment. not everyone who works and when they get their salary will put it into gambling, because each person's pleasure is different, I myself actually don't have a problem with those who use their salary money to gamble, but we have to be able to pay attention to which things are more important and which are less important. because it's true what you say, someone who even has limits can sometimes forget to stop because of the strong attraction of gambling. If he can thinks twice about his decision to use some of his salary to playing gambling, he will see that is not a good idea if he can't control himself in gambling. Many people already lost their money in gambling and he needs to learns from their experience and not trying to follows them.Gambling does have a strong attraction and it is natural that many people are addicted to gambling because the lure of winning which is easy to obtain is one of the attractors for many people to gamble. When you gamble by investing a small amount of money and it ends in defeat, you should stop, you must be able to control yourself with the gambling you do, including limiting your gambling activities when you lose or even when you win. People who gets salary must uses his money better and not thinks about using it to playing gambling. He can uses his salary for the other things that can gives him benefits such as investment because that can gives him profits in the future. Gambling can tempts many people to try because they sees other people can gets wins for playing gambling with some money. But they don't knows or realizes that winning in gambling is not easy and many people already lose much money. In fact, each person's level of enjoyment is different, and everyone has their own right to use money which is the result of their own sweat, there is no problem with gambling, it's just that what is feared is unwanted events such as losing more money. bigger than what had been planned, because I believe that gambling can attract people even though it has limitations, only a few people can gamble wisely. I think allocating a certain amount of salary money to gambling is not a problem as long as you can actually use it within certain limits, for example 5% of the salary you have earned, but that shouldn't be done every day. Title: Re: How much of my salary should I use to gamble Post by: Riginac111 on May 12, 2024, 07:52:47 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? if you know that you are earning $100 what you are supposed to do as a gambler is to at least gamble with a $20 and the remain $80 for your use so many people does not know that strategies is what makes people rich gambling with all the money you have is not encouraging from my own understanding but the gambling with the consciousness and precaution they make you to have a saves while participating in gambling.Title: Re: How much of my salary should I use to gamble Post by: klidex on May 12, 2024, 10:15:09 AM At first don't forget is your hard earn money, so be cautious of the way you make use of it . At first don't let greed to get the best of you leading to gamble with all yah salary inorder to win something huge. Well I can't actually tell you how much you can use from your salary in gambling. But all can say is that just keep to this term , gamble with what you know you can afford to lose. And once you run out of such money (money you can afford to lose) , I will advice you to not gamble till you have money you can easily risk . The money you earn with difficulty should be able to use it wisely and not carelessly if you want to gamble using money from your hard work, everyone should think about that before they think about taking the risk of risking their money to get more, know that the most important thing for people who gamble is that they can manage their money well and don't let their hard earned money go to waste to be used for gambling. Sometimes those who have just received a salary are too happy with their income and think about having fun and one of them is gambling because gambling is a pleasure in itself. for those who hold money and try to seize opportunities.Of course, the main point that must be taken for gamblers who have just received their salary is that they must not use all their money. They must prepare money that can afford to lose either 2% or 5%, no matter how small the money, it doesn't matter. The important thing is that if the money is lost, you don't regret it because you were willing to let it go and didn't expect anything. If you win, be grateful, but if you lose, stop immediately. Title: Re: How much of my salary should I use to gamble Post by: ethereumhunter on May 12, 2024, 11:18:36 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? if you know that you are earning $100 what you are supposed to do as a gambler is to at least gamble with a $20 and the remain $80 for your use so many people does not know that strategies is what makes people rich gambling with all the money you have is not encouraging from my own understanding but the gambling with the consciousness and precaution they make you to have a saves while participating in gambling.Title: Re: How much of my salary should I use to gamble Post by: Dewi Aries on May 12, 2024, 04:53:50 PM I think most of us already know about the right way to treat gambling so that we don't become one of the gamblers who experience the bad effects of gambling as experienced by some other gamblers who always gamble in the wrong way which will actually only harm themselves, and obviously the right and best approach to gambling is not to think that gambling is a place to earn, because by having this mindset, most likely your goal is to gamble just for fun when you have boring free time. And also with this mindset, I am sure that you will not do various actions that tend to be excessive, because usually excessive actions in gambling are always owned and done by gamblers who are trying to make money in gambling, which actually makes them in a lot of danger that will continue to lurk in the long run. And also by having an understanding that gambling is not a place to earn then I'm sure whoever it is will not allocate large amounts of money, most likely they will only put small amounts because they think that gambling is just a normal game that requires them to spend some money if they want to be involved in the game, and this approach I think clearly will not disturb the financial balance in his life. It's not just about money. Every dollar spent gambling goes into this enormous system that profits from people losing, not having fun. The issue is what happens when everyone thinks so, not whether you can afford to lose a little. If we ignore gambling, we may be condoning its addiction and financial disaster As you said, they think that they can control the game to bring in a lot of winnings, when in reality they are the ones who are controlled by gambling and it happens unconsciously. On the other hand, yes, what you said is true that no matter how little money you lose, it is still a big profit for the casino because those who lose are not only you but most of the gamblers who play at the casino, even though a gambler has the ability to accept small losses but if I conclude something you said above that yes, it is better not to gamble or avoid gambling altogether. Title: Re: How much of my salary should I use to gamble Post by: vs2014 on May 12, 2024, 05:40:08 PM Gambling has become popular because of the get-rich-quick story in a short period of time but not all peers will succeed here. There are many people who get paid a small amount of money a day and blow it by gambling. But you should set aside just that much of your salary that you need to manage your life. Even gambling is not the right path for everyone but your decision will show you the right path. Actually i don't think much about betting so when i have enough money i gamble it. Because i have a strong source of income so i can manage everything easily.
Title: Re: How much of my salary should I use to gamble Post by: Mia Chloe on May 12, 2024, 10:37:17 PM Most persons started off with gambling for fun and after which they have kept a continuous relationship with gamble, they end up becoming addicted. Asking how much of your salary is to be used for gambling is a bit suspicious, and it could mean you have already started using more than you are supposed to use. As gamblers, when you don't understand the function of gambling and you take it as a means of making money, you'll definitely end up spending more than you ought to spend from you salary into gambling. A gambling addiction is something a gambler should as much as possible to avoid this is because having an addiction puts a lot of things on a different view from others. Addicts have one of the most annoying habits of over staking and losing especially because of their inability to manage bets and time as well as how much risk they put in during Gambling activities. For a regular gambler who is responsible, he should be able to. Monitor how much time and money he puts intl gambling activities. I really don't think there is a fixed amount the responsible gamblers should make use of to ensure that that are not on the wrong track rather the phrase stake what you can afford to lose here should be the guide to making proper stakes.Aside from the fact that your salary may increase the stake, the phrase stake what you can afford to lose phrase is something all gamblers should put into their mind to help manage their funds. Title: Re: How much of my salary should I use to gamble Post by: Mrbluntzy on May 12, 2024, 10:57:30 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? if you know that you are earning $100 what you are supposed to do as a gambler is to at least gamble with a $20 and the remain $80 for your use so many people does not know that strategies is what makes people rich gambling with all the money you have is not encouraging from my own understanding but the gambling with the consciousness and precaution they make you to have a saves while participating in gambling.If they spend $20 from $100 and they end up not wining, it means that 20% of their salary has just been wasted on gambling. Question you should ask is, what if the person actually had financial need that will cost them the rest of the $80, that means they will not even have any money to add to their savings. It is a wrong calculation and let's not forget that gambling is for fun and not a compulsory thing to do. You have to sort out your needs first before you can think of gambling. Title: Re: How much of my salary should I use to gamble Post by: Zigabel on May 12, 2024, 11:16:13 PM I still don't get it why someone would be asking how much of his salary must he use to bet. This would very ridiculous to me and absurd. Why would anyone want to use part of their salary to gamble. Gambling money should not be extracted from salary but from other minor money we get. If we eventually starts using part of the monthly or weekly salary to bet, it might get to a stage that greed would want us to use almost all our salary to bet so we can get bigger rewards. This is how gambling addiction use to start in some persons and we have to be very careful or end up in the wrong track. It may actually sound somehow but then it's okay to ask for the purpose of learning so they get to have an idea into what feels Ideal and to help them keep their selves in check not to probably over do or get to the point where they will be having to exhaust their funds and eventually get to loose their money gambling. There's no specific proportionality to which money should be used to gamble, no one sounds ideal than the other neither does any aswell feels ridiculous because there are some persons who gets Money from salary alone and nothing else so such person where else do you expect them to get money from to gamble if they are into gambling.It's only for them to apply proper management to how much they get to spend their funds gambling even if it's salary, without greed, maintaining a certain percentage to gamble can actually turn out profitable in the long run . Title: Re: How much of my salary should I use to gamble Post by: livingfree on May 12, 2024, 11:56:25 PM If they spend $20 from $100 and they end up not wining, it means that 20% of their salary has just been wasted on gambling. And that's an amount that's quite high whether it's big or small amount but if the percentage is 20%, that's a lot.Question you should ask is, what if the person actually had financial need that will cost them the rest of the $80, that means they will not even have any money to add to their savings. It is a wrong calculation and let's not forget that gambling is for fun and not a compulsory thing to do. You have to sort out your needs first before you can think of gambling. It always boils down to the tip about spending what they can afford to lose. But tell that a hundred times, how many do you think will listen?I don't think that an addicted gambler will listen to you no matter how badly you tell them that they have to spend only a decent amount that they won't be too bothered losing it. Title: Re: How much of my salary should I use to gamble Post by: wxa7115 on May 13, 2024, 03:18:15 AM if you know that you are earning $100 what you are supposed to do as a gambler is to at least gamble with a $20 and the remain $80 for your use so many people does not know that strategies is what makes people rich gambling with all the money you have is not encouraging from my own understanding but the gambling with the consciousness and precaution they make you to have a saves while participating in gambling. If they spend $20 from $100 and they end up not wining, it means that 20% of their salary has just been wasted on gambling. Question you should ask is, what if the person actually had financial need that will cost them the rest of the $80, that means they will not even have any money to add to their savings. It is a wrong calculation and let's not forget that gambling is for fun and not a compulsory thing to do. You have to sort out your needs first before you can think of gambling. Only once they have used those savings to increase their income in a regular basis they can consider to use some of their spare cash for their hobbies, otherwise a person may not be able to improve their economic condition during their entire lives. Title: Re: How much of my salary should I use to gamble Post by: Lidger on May 13, 2024, 06:51:45 AM You are the best person to say about this because you know very well how much salary you are getting every month and what are the financial needs of your family. If you get a good amount of salary and a part of your salary goes to your family expenses and if you have some money left over then you can gamble with a part of that remaining money and the rest you can invest or save. I don't say to gamble for this with full amount of remaining money because the result of gambling is uncertain so if the result goes against but your pocket will be empty so you should definitely keep some amount of savings or investment keeping in mind your need and risk. Hope I've been able to give you good advice in a simple, concise way.
Title: Re: How much of my salary should I use to gamble Post by: GigaBit on May 13, 2024, 08:03:04 AM This question you are asking only you can answer it because it's actually your salary and you are the one who knows how and where you think you will get inconveniences if actually you used the money to gamble. I think setting the money to the range amount in which you can lose and won't get affected by the losses is actually what is needed from you as a gambler because the moment you lose and the funds you lost gets to you then it's now becomes a problem. We cannot give advice to anyone regarding his money because a person always earned his salary due to his hard work so if he spends this salary in gambling because of the suggestions of others then this suggestion will spoil the life of his family. I think a person can think about his salary and gambling Activities better than others so don't ask about suggestions to anyone as their financial status and living conditions are different from yours. If you are earning less income and it can just help you to carry out daily expenses then don't gamble because with gambling you will be unable to provide good quality expenses to your family so try to invest this money which you want to use for gambling. Title: Re: How much of my salary should I use to gamble Post by: Cryptmuster on May 13, 2024, 08:12:11 AM Many people suggest using 5-10 percent of his monthly salary for gambling and many people increase this percentage and keep it between 10-30 but I think it is important to observe whether our family is going through any shortage or not because family needs get the first priority. I don't think it would be appropriate to have a gambling budget there. Gambling can only be budgeted for when the family is able to fully meet their basic needs. A financially sound gambler may try to spend anywhere from 10 to 20 percent of his income which will not hinder the gambler's gambling. The main reason for making budget is to gambling so that he can lose his money without any obstacles. But there are some gamblers who do not pay the family expenses but use the money from it for gambling. Which later brought both his gambling life and his family a major disaster. Everyone's income level is different, and budget planning is very different. There are those who manage money wisely, and there are those who live from paycheck to paycheck, spending everything they earn. I think that you need to spend not 5-10% of your salary, but first distribute the money for all necessary needs and see how much you can save from your salary, and only from the money that you save, take 5-10% for gambling, then this will be imperceptible in case of loss. Title: Re: How much of my salary should I use to gamble Post by: bakasabo on May 13, 2024, 08:35:34 AM Many people suggest using 5-10 percent of his monthly salary for gambling and many people increase this percentage and keep it between 10-30 but I think it is important to observe whether our family is going through any shortage or not because family needs get the first priority. I don't think it would be appropriate to have a gambling budget there. Gambling can only be budgeted for when the family is able to fully meet their basic needs. A financially sound gambler may try to spend anywhere from 10 to 20 percent of his income which will not hinder the gambler's gambling. The main reason for making budget is to gambling so that he can lose his money without any obstacles. But there are some gamblers who do not pay the family expenses but use the money from it for gambling. Which later brought both his gambling life and his family a major disaster. Everyone's income level is different, and budget planning is very different. There are those who manage money wisely, and there are those who live from paycheck to paycheck, spending everything they earn. I think that you need to spend not 5-10% of your salary, but first distribute the money for all necessary needs and see how much you can save from your salary, and only from the money that you save, take 5-10% for gambling, then this will be imperceptible in case of loss. I would say it will be more wise to plan those 5-10% from salary not only on gambling, but on entertainment in general. And a person can balance between how he is allowed to bet, taking into consideration that he wants to go to cinema this month or planned other activity. If gambling will be in a category of entertainment, it will help to resist from being greedy and want to try to win more or chase losses. Title: Re: How much of my salary should I use to gamble Post by: retreat on May 13, 2024, 10:06:09 AM Many people suggest using 5-10 percent of his monthly salary for gambling and many people increase this percentage and keep it between 10-30 but I think it is important to observe whether our family is going through any shortage or not because family needs get the first priority. I don't think it would be appropriate to have a gambling budget there. Gambling can only be budgeted for when the family is able to fully meet their basic needs. A financially sound gambler may try to spend anywhere from 10 to 20 percent of his income which will not hinder the gambler's gambling. The main reason for making budget is to gambling so that he can lose his money without any obstacles. But there are some gamblers who do not pay the family expenses but use the money from it for gambling. Which later brought both his gambling life and his family a major disaster. Budgeting needs to be done by gamblers, especially those who already have a family, because by doing budgeting it will make it easier for gamblers to manage their finances in 1 month for their gambling activities and for their family. If a gambler doesn't budget and only plays according to their wishes, then what will happen is that their finances will fall apart and they will use money that they shouldn't use for gambling. And budgeting will help a lot a gambler to see whether they can use their money for gambling or not. Title: Re: How much of my salary should I use to gamble Post by: Jody.Drummer on May 13, 2024, 10:56:06 AM Many people suggest using 5-10 percent of his monthly salary for gambling and many people increase this percentage and keep it between 10-30 but I think it is important to observe whether our family is going through any shortage or not because family needs get the first priority. I don't think it would be appropriate to have a gambling budget there. Gambling can only be budgeted for when the family is able to fully meet their basic needs. A financially sound gambler may try to spend anywhere from 10 to 20 percent of his income which will not hinder the gambler's gambling. The main reason for making budget is to gambling so that he can lose his money without any obstacles. But there are some gamblers who do not pay the family expenses but use the money from it for gambling. Which later brought both his gambling life and his family a major disaster. Budgeting needs to be done by gamblers, especially those who already have a family, because by doing budgeting it will make it easier for gamblers to manage their finances in 1 month for their gambling activities and for their family. If a gambler doesn't budget and only plays according to their wishes, then what will happen is that their finances will fall apart and they will use money that they shouldn't use for gambling. And budgeting will help a lot a gambler to see whether they can use their money for gambling or not. As you said, having such money management in place makes it less likely for them to experience the problem of losing balance in terms of family finances. Another thing however is that limits should always be applied in any case especially when it comes to finances, and having a tendency to overdo it when it comes to gambling can never be right, it is a bad idea that will eventually lead them to significant financial problems that can most likely make it difficult for you to make ends meet, so the point is that management, budgeting and limits are very important things that all gamblers must apply to their gambling activities if you want to survive in the long run. Title: Re: How much of my salary should I use to gamble Post by: Lidger on May 13, 2024, 11:29:50 AM Many people suggest using 5-10 percent of his monthly salary for gambling and many people increase this percentage and keep it between 10-30 but I think it is important to observe whether our family is going through any shortage or not because family needs get the first priority. I don't think it would be appropriate to have a gambling budget there. Gambling can only be budgeted for when the family is able to fully meet their basic needs. A financially sound gambler may try to spend anywhere from 10 to 20 percent of his income which will not hinder the gambler's gambling. The main reason for making budget is to gambling so that he can lose his money without any obstacles. But there are some gamblers who do not pay the family expenses but use the money from it for gambling. Which later brought both his gambling life and his family a major disaster. Everyone's income level is different, and budget planning is very different. There are those who manage money wisely, and there are those who live from paycheck to paycheck, spending everything they earn. I think that you need to spend not 5-10% of your salary, but first distribute the money for all necessary needs and see how much you can save from your salary, and only from the money that you save, take 5-10% for gambling, then this will be imperceptible in case of loss. I would say it will be more wise to plan those 5-10% from salary not only on gambling, but on entertainment in general. And a person can balance between how he is allowed to bet, taking into consideration that he wants to go to cinema this month or planned other activity. If gambling will be in a category of entertainment, it will help to resist from being greedy and want to try to win more or chase losses. Title: Re: How much of my salary should I use to gamble Post by: STT on May 13, 2024, 01:09:47 PM Ideally pay all bills first and the amount left over is whats considered. Never consider to spend money that is already allocated to bills, you cannot spend what you dont have. Most places have taxes and rent and utility bills none of which is optional, so saying 5% of money which has to pay those bills would appear too much.
If a person already paid every bill and the food and anything else you require to live, this is when we can talk about what percent but I would not take cash directly from earnings as if it were free and clear. Title: Re: How much of my salary should I use to gamble Post by: Blitzboy on May 13, 2024, 01:29:15 PM ` True I agree with this, however and in any case management must be done especially when it comes to finances, and when you have a habit that requires you to spend a certain amount of money to be able to do so then obviously budgeting must be done, regardless of the amount but it must be in tends to be a small amount which is essentially the amount you can afford to lose. In addition, this is gambling, which is always a risk, which can be higher if you treat it in the wrong way.As you said, having such money management in place makes it less likely for them to experience the problem of losing balance in terms of family finances. Another thing however is that limits should always be applied in any case especially when it comes to finances, and having a tendency to overdo it when it comes to gambling can never be right, it is a bad idea that will eventually lead them to significant financial problems that can most likely make it difficult for you to make ends meet, so the point is that management, budgeting and limits are very important things that all gamblers must apply to their gambling activities if you want to survive in the long run. Gambling may be exciting if done properly. Great self-control and odds knowledge are needed. Real strategy is needed. Clear spending limits prevent overspending and make it fun. Budgeting, financial management, and discipline matter. If gambling is enjoyable without compromising finances or life, then they are required. Win only then. Title: Re: How much of my salary should I use to gamble Post by: danherbias07 on May 13, 2024, 02:41:44 PM Ideally pay all bills first and the amount left over is whats considered. Never consider to spend money that is already allocated to bills, you cannot spend what you dont have. Most places have taxes and rent and utility bills none of which is optional, so saying 5% of money which has to pay those bills would appear too much. I agree, this is where gamblers get it wrong. They use their money that is meant for something else to gamble and think they can double it so that they can have a better month. Pay the bills and more so they can provide for their other unnecessary things. Pay everything first, calculate the budget for the month, and then what is left is the only amount you can gamble. If a person already paid every bill and the food and anything else you require to live, this is when we can talk about what percent but I would not take cash directly from earnings as if it were free and clear. I don't think they are forgetting it, they are just greedy to think that they might win the game and have a convenient life. Gambling is not the answer to that. This is why I don't get heated with my wife because I pay my responsibilities first so that we won't argue about money and that's when I can enjoy my gambling habits after everything is paid and monthly necessities are all set. Title: Re: How much of my salary should I use to gamble Post by: Bravut on May 13, 2024, 09:49:57 PM Ideally pay all bills first and the amount left over is whats considered. Never consider to spend money that is already allocated to bills, you cannot spend what you dont have. Most places have taxes and rent and utility bills none of which is optional, so saying 5% of money which has to pay those bills would appear too much. I agree, this is where gamblers get it wrong. They use their money that is meant for something else to gamble and think they can double it so that they can have a better month. Pay the bills and more so they can provide for their other unnecessary things. Pay everything first, calculate the budget for the month, and then what is left is the only amount you can gamble. If a person already paid every bill and the food and anything else you require to live, this is when we can talk about what percent but I would not take cash directly from earnings as if it were free and clear. I don't think they are forgetting it, they are just greedy to think that they might win the game and have a convenient life. Gambling is not the answer to that. This is why I don't get heated with my wife because I pay my responsibilities first so that we won't argue about money and that's when I can enjoy my gambling habits after everything is paid and monthly necessities are all set. Well said Mate. Earlier I said, firstly, gambling from our salary is unwise and a bad financial habit. Before we thinking of allocating any amount at all, the needs and wants of the family should be meet with a surplus in case of any other emergency that can tally till you get paid again. If not the left over, or discretionary funds that are meant for your beer or outing then you can use to gamble risking responsibly. The percentage to be used depends on our salary amount, someone 5% can be some else 1% in a nutshell there is a variation so it depends on your salary. But in anyway, it shouldn't be more than 1%. Title: Re: How much of my salary should I use to gamble Post by: Lanatsa on May 13, 2024, 09:57:42 PM Many people suggest using 5-10 percent of his monthly salary for gambling and many people increase this percentage and keep it between 10-30 but I think it is important to observe whether our family is going through any shortage or not because family needs get the first priority. I don't think it would be appropriate to have a gambling budget there. Gambling can only be budgeted for when the family is able to fully meet their basic needs. A financially sound gambler may try to spend anywhere from 10 to 20 percent of his income which will not hinder the gambler's gambling. The main reason for making budget is to gambling so that he can lose his money without any obstacles. But there are some gamblers who do not pay the family expenses but use the money from it for gambling. Which later brought both his gambling life and his family a major disaster. Everyone's income level is different, and budget planning is very different. There are those who manage money wisely, and there are those who live from paycheck to paycheck, spending everything they earn. I think that you need to spend not 5-10% of your salary, but first distribute the money for all necessary needs and see how much you can save from your salary, and only from the money that you save, take 5-10% for gambling, then this will be imperceptible in case of loss. I would say it will be more wise to plan those 5-10% from salary not only on gambling, but on entertainment in general. And a person can balance between how he is allowed to bet, taking into consideration that he wants to go to cinema this month or planned other activity. If gambling will be in a category of entertainment, it will help to resist from being greedy and want to try to win more or chase losses. The important thing on here is that you are wary on the decisions that you are making and not really that doing something which could be putting you in harm. This is why it would really be better that you should really know on what you are dealing with. Spending up money on which it isnt supposed to be spend on that way then it will really be creating some future problems on which you might be ending up on regretting. This is why speaking about percentage of spending of funds in gambling then this is something that you should really be looking into. You should not make yourself that being getting dragged with emotions if you dont like to mess up. Title: Re: How much of my salary should I use to gamble Post by: klidex on May 14, 2024, 02:20:57 AM I would say it will be more wise to plan those 5-10% from salary not only on gambling, but on entertainment in general. And a person can balance between how he is allowed to bet, taking into consideration that he wants to go to cinema this month or planned other activity. If gambling will be in a category of entertainment, it will help to resist from being greedy and want to try to win more or chase losses. In my opinion, that's a different budget, even though they all include entertainment, but the goal of people who gamble is to be able to get more money than the money they have set aside for gambling, even though winning is not guaranteed, at least that is someone's goal for gambling, someone prepares a budget of 5- 10% for gambling and hope to get 20-50% However, if the money is used for other entertainment, we will not get the benefit of the money just to have fun for a while. Meanwhile, when gambling, we don't know what will happen when we gamble, whether we win or lose, even though the concept is the same, we use it to have fun, but if it is for other entertainment, we will lose money without making anything.The most important thing is that we have prepared special money for gambling and do not exceed the limit of that special money. We are very lucky if the money we have prepared for gambling can turn over and produce more money than the initial capital. But if it doesn't produce anything, we don't need to regret it because we have prepared that money to be ready to lose and just think of it as if you were on holiday and losing your money because to meet your needs, we consider everything the same as entertainment depending on the person who enjoys it. Title: Re: How much of my salary should I use to gamble Post by: Nrcewker on May 14, 2024, 02:28:11 AM This is an interesting question related to gambling I see. Definitely many people will have doubt on this. This can be solved very easily. Pay your daily and monthly bills, invest some amount of the salary, and save a little portion of the salary. Now what amount you left, you can try your luck with that. Now I have seen many people going above this limit while gambling. They gamble with the money that is necessary for other work. Hence, when they by mistake lose it, then get into depression.
Title: Re: How much of my salary should I use to gamble Post by: zuzie on May 14, 2024, 02:31:39 AM The most important thing is that we have prepared special money for gambling and do not exceed the limit of that special money. We are very lucky if the money we have prepared for gambling can turn over and produce more money than the initial capital. But if it doesn't produce anything, we don't need to regret it because we have prepared that money to be ready to lose and just think of it as if you were on holiday and losing your money because to meet your needs, we consider everything the same as entertainment depending on the person who enjoys it. Very good advice, by having a special reserve of money for gambling we also prevent money from swelling when we lose when gambling. Yes, with this special reserve of money we have taken action to limit bets and when to stop. And when we often lose, we are not too burdened because it is already a risk and we are definitely ready if the reserve money is lost. On the other hand, we do not interfere with matters in our lives, meaning that our daily needs are already there and we have specially prepared them. . Title: Re: How much of my salary should I use to gamble Post by: junder on May 14, 2024, 03:00:23 AM I agree, this is where gamblers get it wrong. They use their money that is meant for something else to gamble and think they can double it so that they can have a better month. Pay the bills and more so they can provide for their other unnecessary things. Pay everything first, calculate the budget for the month, and then what is left is the only amount you can gamble. especially when they experience financial problems, for example with their salary not being enough because there may be many deductions so they only receive a small salary which may not be enough to divide into many things such as meeting their needs or paying this or that bill and so on, because they are already familiar with gambling too Because they only have a small amount of money, the mistake is that they think they can use it on gambling. hoping that the money they bet can result in a win that they can get and help their finances, it's fine if they are lucky and can control themselves, but instead of wanting to improve their finances, the situation only makes things worse. Obviously this is the fault of each individual.I don't think they are forgetting it, they are just greedy to think that they might win the game and have a convenient life. Gambling is not the answer to that. This is why I don't get heated with my wife because I pay my responsibilities first so that we won't argue about money and that's when I can enjoy my gambling habits after everything is paid and monthly necessities are all set. I agree with what you said, if we have received money or salary from our work, then pay all the bills first such as electricity, water, or even wifi. After all that has been fulfilled, including basic kitchen needs, if there is still anything left, then bet on gambling, but that doesn't mean you have to. It is also not recommended to gamble. Moreover, we must be able to control ourselves as best as possible. Apart from that, this is where money management is important. Don't let us only prioritize what we want while other things that are clearly important are neglected. Title: Re: How much of my salary should I use to gamble Post by: bakasabo on May 14, 2024, 08:03:08 AM Everyone's income level is different, and budget planning is very different. There are those who manage money wisely, and there are those who live from paycheck to paycheck, spending everything they earn. I think that you need to spend not 5-10% of your salary, but first distribute the money for all necessary needs and see how much you can save from your salary, and only from the money that you save, take 5-10% for gambling, then this will be imperceptible in case of loss. I would say it will be more wise to plan those 5-10% from salary not only on gambling, but on entertainment in general. And a person can balance between how he is allowed to bet, taking into consideration that he wants to go to cinema this month or planned other activity. If gambling will be in a category of entertainment, it will help to resist from being greedy and want to try to win more or chase losses. The important thing on here is that you are wary on the decisions that you are making and not really that doing something which could be putting you in harm. This is why it would really be better that you should really know on what you are dealing with. Spending up money on which it isnt supposed to be spend on that way then it will really be creating some future problems on which you might be ending up on regretting. This is why speaking about percentage of spending of funds in gambling then this is something that you should really be looking into. You should not make yourself that being getting dragged with emotions if you dont like to mess up. Read my post once again. I did not suggest to spend 5-10% of salary only on gambling. That is the amount a person should spend on entertainment. That can be anything that can bring fun. Video games, books, outdoor activities, cinemas, shows, clubs and gambling. For me this looks like a reasonable amount to spend. Roughly we spend half of salary on food and bills. Then there are some obligatory expenses (this is individual, but lets say I spend 10-15% of my salary on such a category as kids). In addition I believe that a person must save something each month. So in the end I get an amount I can spend whatever I want. Title: Re: How much of my salary should I use to gamble Post by: Litzki1990 on May 14, 2024, 08:04:28 AM From the amount of money you get every month from your salary, you have to finish the necessary tasks first. You can create a monthly chart detailing your expenses. For example, how much money is being spent on your family every month, how much money is being spent on your child's education every month, how much money is being spent on buying medicines and other accessories. Apart from these, you can decide on gambling by making a chart of how much money you have left each month, excluding your travel expenses, dining out with friends or other expenses. If after excluding these expenses you have some money left at the end of every month then I would tell you to save your remaining money. But if you have enough money left at the end of the month then you can spend a part of that money on gambling and keep the rest for your needs.
Title: Re: How much of my salary should I use to gamble Post by: Betwrong on May 14, 2024, 08:31:12 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? My answer is 5%. This is a right amount if you want to really feel what gambling is. If you will start gambling you'll notice that it's impossible to stick to this restriction all the time, sometimes you'll break it, but don't go off the rails too much. The max you can spend on your gambling, if you are a sane person, is 10% of your monthly salary. It will be painful and you will feel it, and you will be swearing to never repeat that again, and maybe you'll bang your head against the wall a couple of times, but you will not die from it, and you will be able to say ten years later "I've been enjoying gambling for 10 years and I'm alive!" :) Title: Re: How much of my salary should I use to gamble Post by: Pierre 2 on May 14, 2024, 08:44:58 AM Answer is in my opinion, consider your country's inflation. If inflation is high enough your money is worthless anyways so you are more safe to gamble it without any issues.
Title: Re: How much of my salary should I use to gamble Post by: nullama on May 14, 2024, 09:38:06 AM Answer is in my opinion, consider your country's inflation. If inflation is high enough your money is worthless anyways so you are more safe to gamble it without any issues. In a way, yes, but also it would be better used in an investment rather than in a casino gamble. And the faster you do it, the better returns. Tomorrow's value of that money will be way less than what it is today in a high inflation environment. Title: Re: How much of my salary should I use to gamble Post by: angrybirdy on May 14, 2024, 10:30:57 AM Answer is in my opinion, consider your country's inflation. If inflation is high enough your money is worthless anyways so you are more safe to gamble it without any issues. In a way, yes, but also it would be better used in an investment rather than in a casino gamble. And the faster you do it, the better returns. Tomorrow's value of that money will be way less than what it is today in a high inflation environment. That's a good suggestion tho, but if a person knows how to handle well their own finances, their own self and decision making then I think there's now way telling them to stop doing gambling and just focus in investment. Why we suggest to stop if they can manage to do both, at the end of the day, it's a matter of how you will enjoy yourself while doing the things that you really want to do and not causing any trouble in your personal being. Title: Re: How much of my salary should I use to gamble Post by: bitgolden on May 14, 2024, 10:38:32 AM Everyone's income level is different, and budget planning is very different. There are those who manage money wisely, and there are those who live from paycheck to paycheck, spending everything they earn. I think that you need to spend not 5-10% of your salary, but first distribute the money for all necessary needs and see how much you can save from your salary, and only from the money that you save, take 5-10% for gambling, then this will be imperceptible in case of loss. I would say it will be more wise to plan those 5-10% from salary not only on gambling, but on entertainment in general. And a person can balance between how he is allowed to bet, taking into consideration that he wants to go to cinema this month or planned other activity. If gambling will be in a category of entertainment, it will help to resist from being greedy and want to try to win more or chase losses. So, if I am capable of doing that, betting about 10-20 dollars weekly, which I do not lose all, could be a very possible thing that won't change much in my life. Title: Re: How much of my salary should I use to gamble Post by: arwin100 on May 14, 2024, 10:40:19 AM Answer is in my opinion, consider your country's inflation. If inflation is high enough your money is worthless anyways so you are more safe to gamble it without any issues. In a way, yes, but also it would be better used in an investment rather than in a casino gamble. And the faster you do it, the better returns. Tomorrow's value of that money will be way less than what it is today in a high inflation environment. I guess he has money to spend on his investment but its better to suggest what better figure he should use for his gambling activity since maybe he's confused on what figures is best to used since maybe he want to have proper budgeting on all activities he want to do. Then provably maybe 5%-10% of his income is better to use for this activities since this could not hurt him so bad if he lost that amount but as well he could enjoy the amount he used especially if he is not the type of person who bet all trying to gain fast profit. Just aim to have fun and bet small for sure he can get satisfied with that amount especially if they have good discipline. Title: Re: How much of my salary should I use to gamble Post by: AliMan on May 14, 2024, 10:56:24 AM Preferably I wouldn't recommend gambling in the first place, and using the money fo salary isn't an ideal thing to do. However, if you really wanted and desire to do gambling just gamble what you can afford to lose.
Don't risk everything to the point that your family needs and basic expenses will be drained badly. Title: Re: How much of my salary should I use to gamble Post by: Jody.Drummer on May 14, 2024, 01:57:07 PM True I agree with this, however and in any case management must be done especially when it comes to finances, and when you have a habit that requires you to spend a certain amount of money to be able to do so then obviously budgeting must be done, regardless of the amount but it must be in tends to be a small amount which is essentially the amount you can afford to lose. In addition, this is gambling, which is always a risk, which can be higher if you treat it in the wrong way. Completely understand financial management. Especially when gambling, its crucial to spend carefully. Consider risk and reward, not just numbers. Budgeting and restrictions are crucial. Know how much you can lose without hurting family or money. Money management, in addition to gambling.As you said, having such money management in place makes it less likely for them to experience the problem of losing balance in terms of family finances. Another thing however is that limits should always be applied in any case especially when it comes to finances, and having a tendency to overdo it when it comes to gambling can never be right, it is a bad idea that will eventually lead them to significant financial problems that can most likely make it difficult for you to make ends meet, so the point is that management, budgeting and limits are very important things that all gamblers must apply to their gambling activities if you want to survive in the long run. Gambling may be exciting if done properly. Great self-control and odds knowledge are needed. Real strategy is needed. Clear spending limits prevent overspending and make it fun. Budgeting, financial management, and discipline matter. If gambling is enjoyable without compromising finances or life, then they are required. Win only then. The possibility of risk will always depend on how a gambler takes the risk, meaning that if you take a big risk then obviously if you are unlucky then your loss will also be equal to the amount of budget you allocated, so it is important to know that the chance of a big win will also always be directly proportional to the possibility of losing, and I think this is what a gambler must first know if they really want to have the ability to apply good financial management as a gambler. Title: Re: How much of my salary should I use to gamble Post by: Kavelj22 on May 14, 2024, 02:14:05 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? In fact, the title is a little misleading because it is simply not possible to specify a single percentage for all salaries because this will vary depending on the size of the salary and the user’s circumstances. For example, an employee with a high salary will not be able to allocate a large percentage of his salary to gambling if he has important responsibilities such as family expenses or bills to pay, while another employee with a relatively small salary can allocate any percentage of his salary if he has no financial responsibilities except towards himself. . The rule says that whatever percentage you intend to allocate from your salary should not harm your obligations. Title: Re: How much of my salary should I use to gamble Post by: summonerrk on May 14, 2024, 03:02:19 PM The rule says that whatever percentage you intend to allocate from your salary should not harm your obligations. I completely agree that money spent on gambling should not affect a person's basic needs. It is important to be able to control your expenses and not allow excitement to affect your financial situation. Those who have a family should be especially careful with gambling expenses. After all, the responsibility for the well-being of the family lies with us, and unreasonable spending can negatively affect our loved ones. Therefore, it is important to find a balance between entertainment and financial responsibility in order to provide your family with a decent life. Title: Re: How much of my salary should I use to gamble Post by: Z_MBFM on May 14, 2024, 03:13:17 PM The rule says that whatever percentage you intend to allocate from your salary should not harm your obligations. I completely agree that money spent on gambling should not affect a person's basic needs. It is important to be able to control your expenses and not allow excitement to affect your financial situation. Those who have a family should be especially careful with gambling expenses. After all, the responsibility for the well-being of the family lies with us, and unreasonable spending can negatively affect our loved ones. Therefore, it is important to find a balance between entertainment and financial responsibility in order to provide your family with a decent life. Title: Re: How much of my salary should I use to gamble Post by: Shamm on May 14, 2024, 03:25:59 PM Answer is in my opinion, consider your country's inflation. If inflation is high enough your money is worthless anyways so you are more safe to gamble it without any issues. In a way, yes, but also it would be better used in an investment rather than in a casino gamble. And the faster you do it, the better returns. Tomorrow's value of that money will be way less than what it is today in a high inflation environment. Title: Re: How much of my salary should I use to gamble Post by: madnessteat on May 14, 2024, 03:33:17 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? In my opinion, if you use part of the money from your salary for gambling, the spending should not exceed 5-10% of your monthly income. But it seems to me that the best solution is an additional job in your spare time, which will allow you to earn money that you can spend on gambling without regret. Firstly, this approach will help you better understand the value of your labor, and secondly, you will be able to set aside part of the money from your salary that would be spent on gambling. Title: Re: How much of my salary should I use to gamble Post by: danadc on May 14, 2024, 04:24:10 PM The rule says that whatever percentage you intend to allocate from your salary should not harm your obligations. I completely agree that money spent on gambling should not affect a person's basic needs. It is important to be able to control your expenses and not allow excitement to affect your financial situation. Those who have a family should be especially careful with gambling expenses. After all, the responsibility for the well-being of the family lies with us, and unreasonable spending can negatively affect our loved ones. Therefore, it is important to find a balance between entertainment and financial responsibility in order to provide your family with a decent life. For many the main thing is the family and it is the duty to be one, we cannot put the casino as a priority, the casino is simple, just fun and we must control ourselves for that, if we put a casino as a priority obviously they will have many losses and that will cause us fury , because the responsibility with the family, then what will happen with that? The basic things must be covered, especially when there is a person who works only 1 and the other is at home, that is something that must be seen, in the event that people put the casino as a priority, they have many losses, you go into anger and sometimes addiction, then it is not a good path. Title: Re: How much of my salary should I use to gamble Post by: 348Judah on May 14, 2024, 04:44:17 PM If we are interested in gambling that much, then no one is against it, if we have decided to use the entire earnings from our salary to gamble, that is still our business and decision, but we must first look onto the consequence to every of the decision or steps we are taking before going into them, we should also consider that we are expected to be responsible in everything we don that concerns our kind of gambling life without having any negative consequence on us.
Title: Re: How much of my salary should I use to gamble Post by: Dewi Aries on May 14, 2024, 05:25:14 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? In my opinion, if you use part of the money from your salary for gambling, the spending should not exceed 5-10% of your monthly income. But it seems to me that the best solution is an additional job in your spare time, which will allow you to earn money that you can spend on gambling without regret. Firstly, this approach will help you better understand the value of your labor, and secondly, you will be able to set aside part of the money from your salary that would be spent on gambling. Title: Re: How much of my salary should I use to gamble Post by: nullama on May 15, 2024, 12:58:04 PM That is a good advice but we if we have an extra money and we want to bw happy then we can gamble 5% of our salary which is pretty good enough to prevent such addiction but fulfill our wants which is for fun. And also if we can control ourselves then we are a very wise gambler. Anyways i agree what you said above mate through inflation there's a chance that the price of everything we want is higher. Yeah but what if you use 10% or 1%? It doesn't really matter in the end, because gambling will not generate money for the vast majority of people. Sure, one guy will be rich, but that's probably not you. Title: Re: How much of my salary should I use to gamble Post by: piebeyb on May 15, 2024, 01:15:01 PM Preferably I wouldn't recommend gambling in the first place, and using the money fo salary isn't an ideal thing to do. However, if you really wanted and desire to do gambling just gamble what you can afford to lose. Yes, it's true that using money that is ready to be lost doesn't mean that all salary money is used for gambling, every gambler must have a budget limit so that they don't get addicted to gambling and control it well. I think we all also know that gamblers often play following their emotions so that when they lose they don't care and forget themselves, they don't even feel like their salary is gone, there's nothing left because they can't control themselves, that's why it's important to set a budget limit so that it can be a reminder to yourself to stop gambling when your money runs out.Don't risk everything to the point that your family needs and basic expenses will be drained badly. I'm also a gambler, I only spend about 5% of my salary on gambling and that's only on weekends, I don't gamble all the time, that's why I also limit that budget consistently until now my gambling is fine, it doesn't become an addiction because it is Limit your budget so you don't waste money excessively, sometimes people like to forget themselves when they are emotional and sometimes they also like to forget when they feel the pleasure of gambling. That's why limiting your gambling budget is very important because it can protect us from addiction. Title: Re: How much of my salary should I use to gamble Post by: michellee on May 15, 2024, 02:28:36 PM If we are interested in gambling that much, then no one is against it, if we have decided to use the entire earnings from our salary to gamble, that is still our business and decision, but we must first look onto the consequence to every of the decision or steps we are taking before going into them, we should also consider that we are expected to be responsible in everything we don that concerns our kind of gambling life without having any negative consequence on us. Even though it will be our business and decision, we should think about it further. We have to be wise if we want to gamble and don't need to take risks by using all our income. We must remember that gambling with a lot of money can also give you the possibility of losing all the money.In gambling games, we often find ourselves losing control and if that happens, it will be difficult for us to resist it. However, we must be responsible for the money we use for gambling. We have to consider everything because we don't live just to gamble. We have to think about our daily needs and how we can meet them. When we have income, it should become our priority to meet our daily needs. Playing gambling is just entertainment and nothing more. Title: Re: How much of my salary should I use to gamble Post by: 348Judah on May 15, 2024, 02:34:10 PM Answer is in my opinion, consider your country's inflation. If inflation is high enough your money is worthless anyways so you are more safe to gamble it without any issues. In a way, yes, but also it would be better used in an investment rather than in a casino gamble. And the faster you do it, the better returns. Tomorrow's value of that money will be way less than what it is today in a high inflation environment. I don't know why it is sometimes difficult for people to make use of their opportunity in making an investment instead of gambling, its not like we are not going to gamble, but when we invest first, it will serve as a means of earning more money to us whereby we can use for gambling without finding it any way difficult to do, if we are well established from our financial source, then we can be able to afford using any amount of money to gamble at any time. Title: Re: How much of my salary should I use to gamble Post by: Kavelj22 on May 15, 2024, 10:45:39 PM The rule says that whatever percentage you intend to allocate from your salary should not harm your obligations. I completely agree that money spent on gambling should not affect a person's basic needs. It is important to be able to control your expenses and not allow excitement to affect your financial situation. Those who have a family should be especially careful with gambling expenses. After all, the responsibility for the well-being of the family lies with us, and unreasonable spending can negatively affect our loved ones. Therefore, it is important to find a balance between entertainment and financial responsibility in order to provide your family with a decent life. Everyone's positions vary regarding defining a precise and unified concept of the concept of "priorities" with regard to money management. But even if some luxury activities are among your priorities, it is better for Gambling to be at the bottom of the list. This means that if, for example, you allocate part of your monthly salary to take a trip to any place for entertainment, it is better not to break this rule just to allocate a budget for gambling. Let gambling be an option at the end of the list of priorities, not at the top. It must be acknowledged that gambling platforms make their huge profits from those who are not good at controlling their budgets and that a small percentage of users gamble relatively wisely. Title: Re: How much of my salary should I use to gamble Post by: tread93 on May 16, 2024, 01:34:34 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? If its something you can afford to lose go for it, but if its not and you're living paycheck to paycheck whatever amount that you came up with in your head use 75% of that amount to invest back into bitcoin or by some other investment oriented offering. I wish you the best of luck with your endeavors, may you win big! Try not to gamble a large portion of your salary away if you can help it! Title: Re: How much of my salary should I use to gamble Post by: Mr. Magkaisa on May 16, 2024, 02:27:02 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? - That depends on how much you earn monthly; for example, if you earn $400 per month, maybe allocate 2–5% to gambling. Now, if your salary is $1,000, even 3% can be set aside for gambling for one month. It is difficult because there is no allocation percentage to be allocated for gambling. Instead of using only a small amount for gambling, what might happen is that more than 50% of your salary is used for gambling without you noticing. Title: Re: How much of my salary should I use to gamble Post by: tsaroz on May 16, 2024, 02:38:16 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Depends on how much you can afford to lose. i.e. how much financial responsibility you need to take and what your secondary incomes are. If you are earning for yourself and don't have other financial responsibilities like bills and mortgage, a 5-25% of your salary should be the limit. If other people are financially depended on you, you should probably get their consent about how much you should expend on gambling. 25% is the highest an Individual should go. Even if you can afford more, you should also diversify the way you have fun and limit your gambling thrill as it could be addictive. Title: Re: How much of my salary should I use to gamble Post by: ethereumhunter on May 16, 2024, 12:11:49 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Depends on how much you can afford to lose. i.e. how much financial responsibility you need to take and what your secondary incomes are. If you are earning for yourself and don't have other financial responsibilities like bills and mortgage, a 5-25% of your salary should be the limit. If other people are financially depended on you, you should probably get their consent about how much you should expend on gambling. 25% is the highest an Individual should go. Even if you can afford more, you should also diversify the way you have fun and limit your gambling thrill as it could be addictive. Title: Re: How much of my salary should I use to gamble Post by: Jody.Drummer on May 16, 2024, 01:23:40 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Depends on how much you can afford to lose. i.e. how much financial responsibility you need to take and what your secondary incomes are. If you are earning for yourself and don't have other financial responsibilities like bills and mortgage, a 5-25% of your salary should be the limit. If other people are financially depended on you, you should probably get their consent about how much you should expend on gambling. 25% is the highest an Individual should go. Even if you can afford more, you should also diversify the way you have fun and limit your gambling thrill as it could be addictive. Actually, anything can be done if someone is able to consider with a rational mindset because of course they can definitely make the right decision that suits their situation, but in some cases it is rare that they can think this far about financial management, instead of making everything balanced but instead they take many decisions and actions that have the potential to lead themselves to a much worse situation, and we can already see that it is not uncommon for some gamblers to end up having to separate from their partners due to serious problems in the family economy due to excessive allocation to gambling. Title: Re: How much of my salary should I use to gamble Post by: CryptSafe on May 16, 2024, 01:23:58 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Depends on how much you can afford to lose. i.e. how much financial responsibility you need to take and what your secondary incomes are. If you are earning for yourself and don't have other financial responsibilities like bills and mortgage, a 5-25% of your salary should be the limit. If other people are financially depended on you, you should probably get their consent about how much you should expend on gambling. 25% is the highest an Individual should go. Even if you can afford more, you should also diversify the way you have fun and limit your gambling thrill as it could be addictive. Your idea of seeking the consent of your dependant to know how much you could gamble is a good move. You know most times it is good if as a husband or wife as the case may be, seeks the consent of your partner to help you make a clean decision so as not to run into any issues in the future while gambling. If you could do that, I believe you could be able to control your gambling lifestyle and funds as well because you would have to apply caution while gambling and having it in your mind that you can not exceed your gambling budget for the moment. That would prompt you to discipline yourself while gambling and doing that would save you money. Title: Re: How much of my salary should I use to gamble Post by: bakasabo on May 16, 2024, 02:02:55 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Depends on how much you can afford to lose. i.e. how much financial responsibility you need to take and what your secondary incomes are. If you are earning for yourself and don't have other financial responsibilities like bills and mortgage, a 5-25% of your salary should be the limit. If other people are financially depended on you, you should probably get their consent about how much you should expend on gambling. 25% is the highest an Individual should go. Even if you can afford more, you should also diversify the way you have fun and limit your gambling thrill as it could be addictive. I would say that spending 1/4 of monthly salary is a lot. That isnt gambling for fun anymore. I consider that people who see financial context in gambling might only be able to spend so much. With spending so much, I would also say that gambling addiction or serious problems are not far away. If gambler ever considers chasing losses after spending 1/4 of salary in gambling, a series savings and future budget cutting awaits him. Title: Re: How much of my salary should I use to gamble Post by: lizarder on May 16, 2024, 06:02:27 PM I would say that spending 1/4 of monthly salary is a lot. That isnt gambling for fun anymore. I consider that people who see financial context in gambling might only be able to spend so much. With spending so much, I would also say that gambling addiction or serious problems are not far away. If gambler ever considers chasing losses after spending 1/4 of salary in gambling, a series savings and future budget cutting awaits him. To be honest it is much better than people who gamble do not have the idea of spending money on what percentage, with the target in spending money from salary will make someone able to control gambling. For example, when it has exceeded the target of money they spent, they can stop and not continue on the month so that they can make finances much more stable. Instead of gambling in the absence of the amount of budget you want to spend and usually people like this will continue to gamble without limits.Of course the most important thing is how a person can maintain the financial percentage they spend and dependence in gambling must be able to be controlled by preparing the percentage of the budget spent. It's my view and others may have different ways of thinking because it is impossible for everyone to have the same opinion. Title: Re: How much of my salary should I use to gamble Post by: Negotiation on May 17, 2024, 03:16:40 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? If its something you can afford to lose go for it, but if its not and you're living paycheck to paycheck whatever amount that you came up with in your head use 75% of that amount to invest back into bitcoin or by some other investment oriented offering. I wish you the best of luck with your endeavors, may you win big! Try not to gamble a large portion of your salary away if you can help it! Title: Re: How much of my salary should I use to gamble Post by: lovesmayfamilis on May 17, 2024, 05:52:22 AM A bit of a strange question that sounds like “should.” Shouldn't gambling be a one-time event, not a regular one? I understand that we must have some kind of release from all those life situations that sometimes seem too difficult, but we should not play regularly. Of course, this is just my opinion; although I have had several successful experiences at the casino, anyone will want to spend time there more often. However, you should not play with money that you will depend on in the future.
Title: Re: How much of my salary should I use to gamble Post by: bakasabo on May 17, 2024, 08:38:04 AM To be honest it is much better than people who gamble do not have the idea of spending money on what percentage, with the target in spending money from salary will make someone able to control gambling. For example, when it has exceeded the target of money they spent, they can stop and not continue on the month so that they can make finances much more stable. Instead of gambling in the absence of the amount of budget you want to spend and usually people like this will continue to gamble without limits. Of course the most important thing is how a person can maintain the financial percentage they spend and dependence in gambling must be able to be controlled by preparing the percentage of the budget spent. It's my view and others may have different ways of thinking because it is impossible for everyone to have the same opinion. In the first sentence you say that a gambler should not stick to a specific amount he is able to spend, but in the second you mention that having a target amount is good, because it will stop from continuing spending. Where is the truth then? How can a gambler stick to budget if he does not have a budget? A gambler without limits and money management is programmed to lose. Anyone calculate their own amount they can spend on gambling, but this amount should not be very low, because gambler wont feel effect of winning, and should not be high, because risk meter will extremely high. From my point of view, spending monthly 5-10% of salary on any kind of entertainment is enough. Title: Re: How much of my salary should I use to gamble Post by: bitterguy28 on May 17, 2024, 11:37:58 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? First - Do you understand gambling totally ? Second - how much of your salary is the amount that you can a ford losing each time. Third - Do your family permit you to gamble? Mate never forget about how many lives have been wasted because of gambling so better know your plans before engaging because there is only a small chance of regretting before ruining all. Title: Re: How much of my salary should I use to gamble Post by: wxa7115 on May 19, 2024, 04:24:35 AM I agree chances of losing in gambling are high so bitcoin investment is the right decision as there is no risk and your capital will grow over time. But not everyone's attitude is the same.There is no standard percentage that applies to all gambles if gambling is desired as practicing responsible gambling involves setting personal limits based on one's financial situation and overall budget. It is very important for individuals to gamble responsibly and not risk more money than they can afford to lose and not expect to win big and lose everything to win big. Even if it is true that investing is a better option than gambling when it comes to making our money grow, at the same time most of those that gamble have no intention to benefit economically from it, and they just want to have some fun, also investing in bitcoin carries a risk, like any other investment, as the moment in which you invest your money is key.Finally if a person is thinking about gambling with some kind of regularity then they need to set limits, and once they have done so, they can adjust them later on depending on how they feel about them. Title: Re: How much of my salary should I use to gamble Post by: TopTort777 on May 20, 2024, 07:43:48 AM My God, we are discussing for so many pages how one guy should spend his money... There is not magic number or one correct answer for his case. OP - you should spend as much as you want and the way you want it. Dont listen to anyone. Be an adult ffs at least once. Learn everything yourself. What next? You would ask how much should you bet? Or we should decided what you should bet on? Then just give your money to someone if you are so sissy to make your own decision.
Title: Re: How much of my salary should I use to gamble Post by: EarnOnVictor on May 20, 2024, 02:42:36 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Depends on how much you can afford to lose. i.e. how much financial responsibility you need to take and what your secondary incomes are. If you are earning for yourself and don't have other financial responsibilities like bills and mortgage, a 5-25% of your salary should be the limit. If other people are financially depended on you, you should probably get their consent about how much you should expend on gambling. 25% is the highest an Individual should go. Even if you can afford more, you should also diversify the way you have fun and limit your gambling thrill as it could be addictive. However, the other set are the ones who have a high affinity for gambling, and even at that, there are different categories of them. There are some that will be neutral with their calculation based on bills to be paid and other considerations as you iterated above to come up with the amount they can afford for gambling. These are still the ones that are sane with it, they are responsible gamblers and know what they are doing. But there are core gamblers who will not even regard anything so seriously. After taking out the money needed for necessities and important bills, be sure that the rest amount is not safe in their hands anymore. But still, I advise anyone no matter their addiction to gambling to be responsible towards it. And no matter how much they love gambling, a clear sense of calculation to know the right amount to gamble from their earning is important. It doesn't have to be bill payments and others also, there should be extra money for savings and investments (purpose and retirement) and even extra for unforeseen circumstances as well. Lastly, the money for gambling should be taken out of a huge sum and not out of scarce resources. Let us just be wise and think about our future and that of our dependents above anything else. Title: Re: How much of my salary should I use to gamble Post by: Wakate on May 20, 2024, 02:49:12 PM My God, we are discussing for so many pages how one guy should spend his money... There is not magic number or one correct answer for his case. OP - you should spend as much as you want and the way you want it. Dont listen to anyone. Be an adult ffs at least once. Learn everything yourself. What next? You would ask how much should you bet? Or we should decided what you should bet on? Then just give your money to someone if you are so sissy to make your own decision. Honestly it surprised me seeing how people keep discussing about how to use pay of their salaries to gamble. This is not what we should be writing about. We can always make money from gambling but that should not make us to carry our monthly salary to play bets. There are things I don't think we need to do which could be very surprising when I see such kind of discussion. Gambling is always fun even though we are using part of our salary but one just have to be very careful because any slight mistake or greed could make us to lose money in betting. Greed could be the problem that could make us to carry our one month salary to play bets. Title: Re: How much of my salary should I use to gamble Post by: TopTort777 on May 21, 2024, 08:48:18 AM My God, we are discussing for so many pages how one guy should spend his money... There is not magic number or one correct answer for his case. OP - you should spend as much as you want and the way you want it. Dont listen to anyone. Be an adult ffs at least once. Learn everything yourself. What next? You would ask how much should you bet? Or we should decided what you should bet on? Then just give your money to someone if you are so sissy to make your own decision. Honestly it surprised me seeing how people keep discussing about how to use pay of their salaries to gamble. This is not what we should be writing about. We can always make money from gambling but that should not make us to carry our monthly salary to play bets. There are things I don't think we need to do which could be very surprising when I see such kind of discussion. Gambling is always fun even though we are using part of our salary but one just have to be very careful because any slight mistake or greed could make us to lose money in betting. Greed could be the problem that could make us to carry our one month salary to play bets. But I am surprised when people like "I have money, tell or teach me how to spend them". This is not kindergarten. I am shocked to see when adults ask for such things. Be the master of your own money. All in all you have earned them, not us. So spend them they way you want. And it is not imho about greed. It is about having hesitations. If a guy already has such approach, then I wish him big luck on being successful in gambling. Title: Re: How much of my salary should I use to gamble Post by: Betwrong on May 21, 2024, 08:51:38 AM If we are interested in gambling that much, then no one is against it, if we have decided to use the entire earnings from our salary to gamble, that is still our business and decision, ~ It's only like that when no one is depending on you. If you live alone, have no friends and no relatives, then indeed you can bet how much you want. You can lose your entire salary and try to live on water only for the next month. It's your decision to make. But you can't do that if you have a family, because the money you earn is not only yours then. You should never put the money that is not yours to risk. Title: Re: How much of my salary should I use to gamble Post by: madnessteat on May 21, 2024, 09:17:22 AM My God, we are discussing for so many pages how one guy should spend his money... There is not magic number or one correct answer for his case. OP - you should spend as much as you want and the way you want it. Dont listen to anyone. Be an adult ffs at least once. Learn everything yourself. What next? You would ask how much should you bet? Or we should decided what you should bet on? Then just give your money to someone if you are so sissy to make your own decision. Honestly it surprised me seeing how people keep discussing about how to use pay of their salaries to gamble. This is not what we should be writing about. We can always make money from gambling but that should not make us to carry our monthly salary to play bets. There are things I don't think we need to do which could be very surprising when I see such kind of discussion. Gambling is always fun even though we are using part of our salary but one just have to be very careful because any slight mistake or greed could make us to lose money in betting. Greed could be the problem that could make us to carry our one month salary to play bets. But I am surprised when people like "I have money, tell or teach me how to spend them". This is not kindergarten. I am shocked to see when adults ask for such things. Be the master of your own money. All in all you have earned them, not us. So spend them they way you want. And it is not imho about greed. It is about having hesitations. If a guy already has such approach, then I wish him big luck on being successful in gambling. There are many people in the world who for one reason or another do not want to make their own decisions and take responsibility for actions that may lead to losses. I can assume that psychologically it is easier for such people to part with lost money, because in their understanding they made a mistake relying on other people's advice and opinions. Of course, even with this approach, the responsibility and risks still lie only on the gambler. Title: Re: How much of my salary should I use to gamble Post by: kotajikikox on May 21, 2024, 09:21:58 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Do you have a wife? if does then better talk to her for how much are you carry to rik and lose for your gambling activities .but if you are still single? then better ask your self if what is your future plans , because it is you that will suffer in the sooner time. remember that n gambling there are no rewind , you cannot bring back the funds that you have already lose. Title: Re: How much of my salary should I use to gamble Post by: TopTort777 on May 22, 2024, 07:13:30 AM My God, we are discussing for so many pages how one guy should spend his money... There is not magic number or one correct answer for his case. OP - you should spend as much as you want and the way you want it. Dont listen to anyone. Be an adult ffs at least once. Learn everything yourself. What next? You would ask how much should you bet? Or we should decided what you should bet on? Then just give your money to someone if you are so sissy to make your own decision. Honestly it surprised me seeing how people keep discussing about how to use pay of their salaries to gamble. This is not what we should be writing about. We can always make money from gambling but that should not make us to carry our monthly salary to play bets. There are things I don't think we need to do which could be very surprising when I see such kind of discussion. Gambling is always fun even though we are using part of our salary but one just have to be very careful because any slight mistake or greed could make us to lose money in betting. Greed could be the problem that could make us to carry our one month salary to play bets. But I am surprised when people like "I have money, tell or teach me how to spend them". This is not kindergarten. I am shocked to see when adults ask for such things. Be the master of your own money. All in all you have earned them, not us. So spend them they way you want. And it is not imho about greed. It is about having hesitations. If a guy already has such approach, then I wish him big luck on being successful in gambling. There are many people in the world who for one reason or another do not want to make their own decisions and take responsibility for actions that may lead to losses. I can assume that psychologically it is easier for such people to part with lost money, because in their understanding they made a mistake relying on other people's advice and opinions. Of course, even with this approach, the responsibility and risks still lie only on the gambler. I can only suggest such people to give the money they want to spend on gambling to me. I will play and they will watch. If I win, they get everything. If I lose; they will lose those money anyway, because of their hesitation and disability to take a risky decision. I can never understand people who dont know how to spend their money. I always ask them why they even work then if they dont need money? What can I even suggest something to a person who ask how much he should spend on gambling, when I dont even know if he will listen to my advice? It will be advice based on my experience of gambling. But we are all different. Title: Re: How much of my salary should I use to gamble Post by: 7juju on May 22, 2024, 07:30:07 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling. Title: Re: How much of my salary should I use to gamble Post by: nullama on May 22, 2024, 03:40:51 PM You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling. Yeah, it is so crazy that you can do that, but no one really cares, it is up to the government to check everything... Any problem gambler can continue gambling their money away Title: Re: How much of my salary should I use to gamble Post by: Ruttoshi on May 22, 2024, 05:13:04 PM You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling. Yeah, it is so crazy that you can do that, but no one really cares, it is up to the government to check everything... Any problem gambler can continue gambling their money away Let me say I only use 1% to gamble because I earn little and I don't see gamble as something that I cannot do without, since I only entertain myself with it. I love sportbet and I place my bet on my favorite teams in which I also watch the match to enjoy the fun. Title: Re: How much of my salary should I use to gamble Post by: Bravut on May 22, 2024, 06:11:56 PM You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling. Yeah, it is so crazy that you can do that, but no one really cares, it is up to the government to check everything... Any problem gambler can continue gambling their money away Let me say I only use 1% to gamble because I earn little and I don't see gamble as something that I cannot do without, since I only entertain myself with it. I love sportbet and I place my bet on my favorite teams in which I also watch the match to enjoy the fun. True but you can do without it, if it gets on your finances with discipline and self control. This is just a matter of decision for anyone but the amount should be very low, I don't advice gambler gamble with there salary I always emphasize on the need of using disposable income. I don't see any value how someone will begin to allocate money for gambling instead of other projects though everyone is entitled to there opinion and decisions. Gamble and ensure you have another day to return understand this principle very well. When allocating money or using your disposable income don't lose all at once always use risk management, lol if am to use such word. Title: Re: How much of my salary should I use to gamble Post by: irsykes on May 22, 2024, 06:29:23 PM You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling. Yeah, it is so crazy that you can do that, but no one really cares, it is up to the government to check everything... Any problem gambler can continue gambling their money away Let me say I only use 1% to gamble because I earn little and I don't see gamble as something that I cannot do without, since I only entertain myself with it. I love sportbet and I place my bet on my favorite teams in which I also watch the match to enjoy the fun. Title: Re: How much of my salary should I use to gamble Post by: boyptc on May 22, 2024, 06:47:49 PM You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling. Someone who had worked all day long until receiving his salary and spending it in betting is totally out of his mind. While I know that there are people that are totally out of their minds.Doing this is on the next level of craziness, you don't gamble with all of your salary but yes, you're free to do that and no one is going to stop you because that's your money and not ours. Title: Re: How much of my salary should I use to gamble Post by: angrybirdy on May 22, 2024, 07:28:33 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling. Well you have a point when it comes to your "rights" but some people here are suggesting estimated percentages because OP is asking us what is the ideal amount to use. If you're a kind of a wise person, you will eventually think that using all of your salary is not a good advice because there's a lot of things may happen in just a snap and in just one wrong move in your bets so it's really up to a person how risk taker and decision maker they are. Title: Re: How much of my salary should I use to gamble Post by: Forsyth Jones on May 22, 2024, 07:39:19 PM I will use as an example what i use in my trades, something around 2 to 5% or less, of course this is my opinion and depends on the person and the risk exposure that each person is willing to take.
Of course, trading in crypto, shares etc. is very different from gamble, but I just gave an example of what I know, both are part of variable income... Of course, if you are not doing well in betting, you can simply expose less of your capital in this market and adjust your strategies accordingly, seeing your flaws and working on your emotions... We generally bet to have fun or even pass the time, we should never think of it as a guaranteed source of income. Title: Re: How much of my salary should I use to gamble Post by: dunfida on May 22, 2024, 07:47:40 PM You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling. Yeah, it is so crazy that you can do that, but no one really cares, it is up to the government to check everything... Any problem gambler can continue gambling their money away Let me say I only use 1% to gamble because I earn little and I don't see gamble as something that I cannot do without, since I only entertain myself with it. I love sportbet and I place my bet on my favorite teams in which I also watch the match to enjoy the fun. Even if we do say that this is really just that indeed for leisure but doesnt mean that we would really be that careless on how we do spend because at the moment you would really be that putting up yourself on such condition where spending or using up money which arent supposed to be used that way could really mess up your life if you wont really be that careful. Speaking about % of your salary to be spend on gambling then it should really be playing around 3-5% i must say on which i could tell that this is really that a safe threshold for you to consider but shockingly there are really that using up even 50% or even more. On the moment that you would really be able to experience on that overspending too much or would be out of budget then this is where you would really be starting to realize that you shouldnt have done such thing. Well, people do made mistakes but doesnt mean that you would really be tolerating it. As much as you could then you should really be that stopping on trying out to spend on the amount on which you cant afford to lose. Leisure is good but putting up much money or spending on it will really be fucking you up later on. Title: Re: How much of my salary should I use to gamble Post by: Issa56 on May 22, 2024, 08:24:56 PM If you're a kind of a wise person, you will eventually think that using all of your salary is not a good advice because there's a lot of things may happen in just a snap and in just one wrong move in your bets so it's really up to a person how risk taker and decision maker they are. How are you going to gamble with all your salary? I don’t even think someone with his right senses will do something like that. What if you decide to gamble with all your salary and you lose everything, How are you going to survive for that month? What are you going to feed yourself and your family members with? How are you going to pay your bills? Seriously, the risk is just too high. When gambling, we should know the chances of losing are higher than the chances of winning, so taking that kind of risk doesn’t make sense, and I know only addicted gamblers will take risks like that.Title: Re: How much of my salary should I use to gamble Post by: bettercrypto on May 22, 2024, 09:05:27 PM You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling. Someone who had worked all day long until receiving his salary and spending it in betting is totally out of his mind. While I know that there are people that are totally out of their minds.Doing this is on the next level of craziness, you don't gamble with all of your salary but yes, you're free to do that and no one is going to stop you because that's your money and not ours. An employee has a lot of addiction if all of his hard work is devoted to gambling. It's not right, and it's not normal to look at it like that, for sure. Although it is their money and they are the only ones who have freedom with the money they have worked for, that's why they are not spending their hard-earned money wisely. What if you are a middle-aged person and that happens? Your family will only starve, which can lead to the destruction of your family just because of the gambling addiction you have. So, gambling wisely with discipline and self-control is still really needed, so just have the right allocation when gambling. Title: Re: How much of my salary should I use to gamble Post by: nullama on May 23, 2024, 11:51:20 AM ~snip~ An employee has a lot of addiction if all of his hard work is devoted to gambling. It's not right, and it's not normal to look at it like that, for sure. Although it is their money and they are the only ones who have freedom with the money they have worked for, that's why they are not spending their hard-earned money wisely. What if you are a middle-aged person and that happens? Your family will only starve, which can lead to the destruction of your family just because of the gambling addiction you have. So, gambling wisely with discipline and self-control is still really needed, so just have the right allocation when gambling. Yeah, the thing is that gambling is basically a cost. Most people try to think of it as a source of money, but it is quite the opposite. As long as you keep your expenses in gambling in check, you will probably be alright. If you try to make extra money gambling, you will probably end up losing it all. Title: Re: How much of my salary should I use to gamble Post by: boyptc on May 23, 2024, 01:56:21 PM You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling. Someone who had worked all day long until receiving his salary and spending it in betting is totally out of his mind. While I know that there are people that are totally out of their minds.Doing this is on the next level of craziness, you don't gamble with all of your salary but yes, you're free to do that and no one is going to stop you because that's your money and not ours. An employee has a lot of addiction if all of his hard work is devoted to gambling. It's not right, and it's not normal to look at it like that, for sure. Although it is their money and they are the only ones who have freedom with the money they have worked for, that's why they are not spending their hard-earned money wisely. What if you are a middle-aged person and that happens? Your family will only starve, which can lead to the destruction of your family just because of the gambling addiction you have. So, gambling wisely with discipline and self-control is still really needed, so just have the right allocation when gambling. Then, you are the problem and you need to solve that within you. Your family is going to starve and the sad truth is that this truly happens in real life. Title: Re: How much of my salary should I use to gamble Post by: Chilwell on May 23, 2024, 02:35:18 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling. Well you have a point when it comes to your "rights" but some people here are suggesting estimated percentages because OP is asking us what is the ideal amount to use. If you're a kind of a wise person, you will eventually think that using all of your salary is not a good advice because there's a lot of things may happen in just a snap and in just one wrong move in your bets so it's really up to a person how risk taker and decision maker they are. I want you to sit down and calculate your monthly expenses and then compare to a your salary most time it more higher than the salary it self, using the entire salary to gambling is a risky game because if you lose everything you are harming yourself because you will never be confortable throughout the next months, and before salary doesn't satisfy all our needs in a month, they funny things is that there are important expenses that needs to be attend to which are feeding, and health the remaining things can be manageable. Title: Re: How much of my salary should I use to gamble Post by: irsykes on May 23, 2024, 02:58:55 PM You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling. Yeah, it is so crazy that you can do that, but no one really cares, it is up to the government to check everything... Any problem gambler can continue gambling their money away Let me say I only use 1% to gamble because I earn little and I don't see gamble as something that I cannot do without, since I only entertain myself with it. I love sportbet and I place my bet on my favorite teams in which I also watch the match to enjoy the fun. Even if we do say that this is really just that indeed for leisure but doesnt mean that we would really be that careless on how we do spend because at the moment you would really be that putting up yourself on such condition where spending or using up money which arent supposed to be used that way could really mess up your life if you wont really be that careful. Speaking about % of your salary to be spend on gambling then it should really be playing around 3-5% i must say on which i could tell that this is really that a safe threshold for you to consider but shockingly there are really that using up even 50% or even more. On the moment that you would really be able to experience on that overspending too much or would be out of budget then this is where you would really be starting to realize that you shouldnt have done such thing. Well, people do made mistakes but doesnt mean that you would really be tolerating it. As much as you could then you should really be that stopping on trying out to spend on the amount on which you cant afford to lose. Leisure is good but putting up much money or spending on it will really be fucking you up later on. Title: Re: How much of my salary should I use to gamble Post by: tygeade on May 23, 2024, 04:32:24 PM There are many people in the world who for one reason or another do not want to make their own decisions and take responsibility for actions that may lead to losses. I can assume that psychologically it is easier for such people to part with lost money, because in their understanding they made a mistake relying on other people's advice and opinions. Of course, even with this approach, the responsibility and risks still lie only on the gambler. I can only suggest such people to give the money they want to spend on gambling to me. I will play and they will watch. If I win, they get everything. If I lose; they will lose those money anyway, because of their hesitation and disability to take a risky decision. I can never understand people who dont know how to spend their money. I always ask them why they even work then if they dont need money? What can I even suggest something to a person who ask how much he should spend on gambling, when I dont even know if he will listen to my advice? It will be advice based on my experience of gambling. But we are all different. A lot of people are not like that, you can give them just one hour of free time and they will just scroll instagram and tiktok, not doing anything. Title: Re: How much of my salary should I use to gamble Post by: taufik123 on May 23, 2024, 04:43:18 PM I want you to sit down and calculate your monthly expenses and then compare to a your salary most time it more higher than the salary it self, using the entire salary to gambling is a risky game because if you lose everything you are harming yourself because you will never be confortable throughout the next months, and before salary doesn't satisfy all our needs in a month, they funny things is that there are important expenses that needs to be attend to which are feeding, and health the remaining things can be manageable. It is foolish when someone does not leave their salary for other needs, but instead uses it for gambling.A professional in gambling alone will not commit such stupid acts, they have their own financial management, so the money earned from the salary will not go into gambling in all. Indeed, it is very risky for larger losses, gambling should have a limited allocation of funds and even smaller than the expenses that must be made. I consider gambling as entertainment only and the money used will not exceed the limit for an entertainment. People who lose everything from gambling usually have no control on spending on gambling, or they are too addicted and can't stop to keep making deposits. Self-control and good management will be very important to overcome the problem. Title: Re: How much of my salary should I use to gamble Post by: LUCKMCFLY on May 26, 2024, 02:00:12 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling. This is very true, sometimes you, as a person unrelated to what another person may think about your money management, can say and establish something, some criterion, such as saying, that you allocate 1% of your salary, or maybe more, or Everything Just as you say, but each person has their own particular way and their needs to be covered, according to that they Establish how they can do to be able to set a range of expenses for that, because it is a delicate issue, we do not know what the economic situation is like, For a A person who is economically well established with a privileged position can bet more and lose more, but for a person who has everything square, sometimes he cannot even assign a percentage or an amount because he cannot. Title: Re: How much of my salary should I use to gamble Post by: wxa7115 on May 27, 2024, 05:40:55 AM It is foolish when someone does not leave their salary for other needs, but instead uses it for gambling. One of the characteristics of addiction, if not the most important one, is that the person is unable to stop even when they are aware the consequences of not doing so can be devastating.A professional in gambling alone will not commit such stupid acts, they have their own financial management, so the money earned from the salary will not go into gambling in all. Indeed, it is very risky for larger losses, gambling should have a limited allocation of funds and even smaller than the expenses that must be made. I consider gambling as entertainment only and the money used will not exceed the limit for an entertainment. People who lose everything from gambling usually have no control on spending on gambling, or they are too addicted and can't stop to keep making deposits. Self-control and good management will be very important to overcome the problem. So if a person has reached that stage, they need to ask for help to their family members and allow them to have control over some aspects of their life, so they can keep them from repeating the same mistakes over and over again, a difficult decision without a doubt, as society as a whole looks down on people that cannot control themselves. Title: Re: How much of my salary should I use to gamble Post by: danherbias07 on May 27, 2024, 06:19:48 AM You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling. Someone who had worked all day long until receiving his salary and spending it in betting is totally out of his mind. While I know that there are people that are totally out of their minds.Doing this is on the next level of craziness, you don't gamble with all of your salary but yes, you're free to do that and no one is going to stop you because that's your money and not ours. Those are the questions that will linger in our minds whenever we gamble everything that we have or even just half of it. It's always better to just set an amount that we can afford to lose, it means it will not affect the other expenses either it's monthly or weekly basis. We have to be disciplined in doing this or we will get in trouble until we sink into debt. Title: Re: How much of my salary should I use to gamble Post by: Kelward on May 27, 2024, 06:22:41 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? The most important thing is for every income earning gambler to learn how to gamble responsibly, that will help the person to plan the amount that they use for gambling. The income earner should have a budget for his expenditures, and he should be very disciplined to adhere to the percentage that he has mapped out for gambling, without discipline, the gambler can be carried away and exceed the planned amount for gambling. The amount of money to take from salary for gambling should be the decision of the gambler, their other responsibilities will determine how much they will gamble in a week or month, I will however suggest less than 5% of total income.Title: Re: How much of my salary should I use to gamble Post by: I_Anime on May 27, 2024, 07:05:49 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling. Well you have a point when it comes to your "rights" but some people here are suggesting estimated percentages because OP is asking us what is the ideal amount to use. If you're a kind of a wise person, you will eventually think that using all of your salary is not a good advice because there's a lot of things may happen in just a snap and in just one wrong move in your bets so it's really up to a person how risk taker and decision maker they are. That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose . Title: Re: How much of my salary should I use to gamble Post by: Falconer on May 27, 2024, 07:21:05 AM -snip- That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .Winning and losing are part of gambling and this can never be avoided. The risk of losing tends to be greater than the potential for winning, so having a gambling budget limit is certainly good. I agree that your gambling budget should be set as low as possible if you are gambling for fun, but if you rely on gambling as a place to make money, then you may need more of a budget to win something big. Title: Re: How much of my salary should I use to gamble Post by: TopTort777 on May 27, 2024, 07:41:24 AM That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose . So which one is it? How much should one spend? The situation with me - I have several sources of income. I dont fully spend my salary during month. I would say that due to unofficial income, I manage to save half of my salary monthly. So how much should I spend? 3%? 5%? You can even not bother answering, because the correct answer would be - enough to have fun. And add, that everyone should have a good self-control to understand when fun stops and spending to much starts. Title: Re: How much of my salary should I use to gamble Post by: $weetne$$ on May 27, 2024, 07:51:01 AM That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose . Using all your salary for gambling is a very bad behaviour and only gambling addict are use to that type of behaviour because they do not have control over the things they do when they want to gamble. A responsible gambler should only use a small percentage of his salary to gamble and he should not always take money from his salary. The earlier money that was used for gambling should bring some profits that he has to reserve a percentage to use Incase he loses the capital money when gambling. If you are gambling, you should not always think that you are going to lose or you will always lose. Have it in mind that you can win and when that happens, be smart enough to always keep a percent for starting the next round of bets. If you are new to gambling, using 5% of your salary for gambling is not too much to stake but the money should not be used all together but divided iynti different bets. Title: Re: How much of my salary should I use to gamble Post by: angrybirdy on May 27, 2024, 08:21:36 AM That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose . So which one is it? How much should one spend? The situation with me - I have several sources of income. I dont fully spend my salary during month. I would say that due to unofficial income, I manage to save half of my salary monthly. So how much should I spend? 3%? 5%? You can even not bother answering, because the correct answer would be - enough to have fun. And add, that everyone should have a good self-control to understand when fun stops and spending to much starts. That's good for you to use atleast 3-5% of your monthly income to gamble because you have a multiple sources of income and it shows that you can manage to spend how much do you want just to have fun because of your savings but that doesn't mean that you will use all of your money, you still have to control yoir spending limit and time management if you're doing gambling just for fun. Title: Re: How much of my salary should I use to gamble Post by: Nrcewker on May 27, 2024, 08:25:52 AM That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose . Are you serious about this? How can someone think of using all their salary for gambling? Gambling isn’t sure money. In fact, in gambling, the chances of losing are greater than the chances of winning. Hence, if you are planning to bet all of your salary on gambling at once, then I have not seen a more foolish person than you. Through your salary, you pay loan installments and bills. Hence, it’s ideal to not risk all the money for the sake of earning some extra money. Follow the golden 40:30:30 rule, which says 40% of your salary should be spent on daily or monthly needs, 30% for savings, and the rest 30% for investment. Here, you can use the remaining 30% to gamble if you want to make quick money in a shorter period of time. Title: Re: How much of my salary should I use to gamble Post by: Rabata on May 27, 2024, 09:30:26 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling. Well you have a point when it comes to your "rights" but some people here are suggesting estimated percentages because OP is asking us what is the ideal amount to use. If you're a kind of a wise person, you will eventually think that using all of your salary is not a good advice because there's a lot of things may happen in just a snap and in just one wrong move in your bets so it's really up to a person how risk taker and decision maker they are. That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose . Title: Re: How much of my salary should I use to gamble Post by: lienfaye on May 27, 2024, 09:44:13 AM That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose . Are you serious about this? How can someone think of using all their salary for gambling? Gambling isn’t sure money. In fact, in gambling, the chances of losing are greater than the chances of winning. Hence, if you are planning to bet all of your salary on gambling at once, then I have not seen a more foolish person than you. Through your salary, you pay loan installments and bills. Hence, it’s ideal to not risk all the money for the sake of earning some extra money. Follow the golden 40:30:30 rule, which says 40% of your salary should be spent on daily or monthly needs, 30% for savings, and the rest 30% for investment. Here, you can use the remaining 30% to gamble if you want to make quick money in a shorter period of time. Title: Re: How much of my salary should I use to gamble Post by: slapper on May 27, 2024, 02:34:30 PM That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose . Using all your salary for gambling is a very bad behaviour and only gambling addict are use to that type of behaviour because they do not have control over the things they do when they want to gamble. A responsible gambler should only use a small percentage of his salary to gamble and he should not always take money from his salary. The earlier money that was used for gambling should bring some profits that he has to reserve a percentage to use Incase he loses the capital money when gambling. If you are gambling, you should not always think that you are going to lose or you will always lose. Have it in mind that you can win and when that happens, be smart enough to always keep a percent for starting the next round of bets. If you are new to gambling, using 5% of your salary for gambling is not too much to stake but the money should not be used all together but divided iynti different bets. Title: Re: How much of my salary should I use to gamble Post by: Sakanwa on May 27, 2024, 02:44:20 PM Gambling with one's salary is one thing I don't like,the way it gets down to turn people into addicts,and you won't end up using your money for anything good is appauling.I am able to say this because I am having thesame issues,and that has made me unable to save money.Gambling addiction is one thing so bad,and I would advice anybody who has the courage to quit it to do so, except you are winning often,else,I would say gambling is not my thing,and I just wish I was able to quit it for life.And even if you win often, you still lose money without letting people know.
Title: Re: How much of my salary should I use to gamble Post by: sompitonov on May 27, 2024, 02:47:36 PM -snip- That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .Winning and losing are part of gambling and this can never be avoided. The risk of losing tends to be greater than the potential for winning, so having a gambling budget limit is certainly good. I agree that your gambling budget should be set as low as possible if you are gambling for fun, but if you rely on gambling as a place to make money, then you may need more of a budget to win something big. Approximately, I would say in this case that I would safely spend about 10-20% depending on what championships in my favorite sports are taking place in a particular month. If there are none at all this month, I can take a break, which will definitely benefit me. Title: Re: How much of my salary should I use to gamble Post by: Bravut on May 27, 2024, 02:50:40 PM That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose . Are you serious about this? How can someone think of using all their salary for gambling? Gambling isn’t sure money. In fact, in gambling, the chances of losing are greater than the chances of winning. Hence, if you are planning to bet all of your salary on gambling at once, then I have not seen a more foolish person than you. Through your salary, you pay loan installments and bills. Hence, it’s ideal to not risk all the money for the sake of earning some extra money. Follow the golden 40:30:30 rule, which says 40% of your salary should be spent on daily or monthly needs, 30% for savings, and the rest 30% for investment. Here, you can use the remaining 30% to gamble if you want to make quick money in a shorter period of time. Which 30% remains?, is it the one for investment, if you use it means you ain't discipline and willing to develop your life and also grow your financial life. I would say, using a certain percentage or not our salary should not be used to gamble, for those who don't have any source of income except Salary should have limits, better still a plan that regulates how much they can afford to risk from there salary and stick to it, But this depends on how much your salary is, if you are well paid or not it should not be allocated more than 1%, I advice you can use money meant for beer or other unnecessary stuffs to gamble responsibly and in Moderation. Title: Re: How much of my salary should I use to gamble Post by: Dewi Aries on May 27, 2024, 02:58:50 PM That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose . Are you serious about this? How can someone think of using all their salary for gambling? Gambling isn’t sure money. In fact, in gambling, the chances of losing are greater than the chances of winning. Hence, if you are planning to bet all of your salary on gambling at once, then I have not seen a more foolish person than you. Through your salary, you pay loan installments and bills. Hence, it’s ideal to not risk all the money for the sake of earning some extra money. Follow the golden 40:30:30 rule, which says 40% of your salary should be spent on daily or monthly needs, 30% for savings, and the rest 30% for investment. Here, you can use the remaining 30% to gamble if you want to make quick money in a shorter period of time. While gamblers who do not have the intention and purpose to earn obviously will not dare to take various actions that tend to lead to excessive action, meaning that we can actually find out whether the gambler has the intention and purpose to earn or just for fun in gambling by seeing how they treat their gambling, because if they only dare to bet small amounts such as 5% or less then obviously they are gamblers who have the right understanding which comes only to seek entertainment in the middle of the boring leisure time they have. Title: Re: How much of my salary should I use to gamble Post by: Oilacris on May 27, 2024, 03:03:07 PM That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose . Using all your salary for gambling is a very bad behaviour and only gambling addict are use to that type of behaviour because they do not have control over the things they do when they want to gamble. A responsible gambler should only use a small percentage of his salary to gamble and he should not always take money from his salary. The earlier money that was used for gambling should bring some profits that he has to reserve a percentage to use Incase he loses the capital money when gambling. If you are gambling, you should not always think that you are going to lose or you will always lose. Have it in mind that you can win and when that happens, be smart enough to always keep a percent for starting the next round of bets. If you are new to gambling, using 5% of your salary for gambling is not too much to stake but the money should not be used all together but divided iynti different bets. If you are really that be able to enjoy that amount then it would be that good. The key here is that you shouldnt really that make yourself go overboard when it comes to spending money when it comes to gambling. It would really be better that you should have that control because if you dont then you would potentially be able to have that kind of huge problem into your finances on which this is something that wont really be that good and you will really be regretting later on, on the moment that you've seen that yourself struggling with your finances. Title: Re: How much of my salary should I use to gamble Post by: noormcs5 on May 27, 2024, 03:03:14 PM That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose . The source of income for each gambler is different. Some may be getting salaries on the job while others may be doing business. Also, some may get more salary and make more money while others may earn less. Also, some people have more expenses as compared to others. Therefore we cannot say how much salary or how much % of salary or income one can devote to the gambling. The figure may vary from person to person and more importantly, it depends on the financial condition of the gamblers. Gambling addiction is one thing so bad,and I would advice anybody who has the courage to quit it to do so, except you are winning often,else,I would say gambling is not my thing,and I just wish I was able to quit it for life.And even if you win often, you still lose money without letting people know. If you are a gambling addict, then for sure you will not be able to save anything from your salary. Even you may not limit yourself because a gambling addict has no power to think in his mind that he has to quit gambling. This portfolio management is only applicable to responsible gamblers. Title: Re: How much of my salary should I use to gamble Post by: DaNNy001 on May 27, 2024, 03:09:43 PM That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose . Are you serious about this? How can someone think of using all their salary for gambling? Gambling isn’t sure money. In fact, in gambling, the chances of losing are greater than the chances of winning. Hence, if you are planning to bet all of your salary on gambling at once, then I have not seen a more foolish person than you. Through your salary, you pay loan installments and bills. Hence, it’s ideal to not risk all the money for the sake of earning some extra money. Follow the golden 40:30:30 rule, which says 40% of your salary should be spent on daily or monthly needs, 30% for savings, and the rest 30% for investment. Here, you can use the remaining 30% to gamble if you want to make quick money in a shorter period of time. Title: Re: How much of my salary should I use to gamble Post by: adultcrypto on May 27, 2024, 03:16:32 PM Even though no one have been able to give a definite percentage of salary that one can gamble with, I think that 5% to 10% of salary is not too high amount to gamble with because a gambler can comfortably lose 10% of his income and still not be broken. If 90% of the salary is not enough to cover his other needs, it definitely mean that the person is underpaid which in essence suggests that he ought not to gamble because his needs are not met first as there is no spared funds. The key thing every gambler should do first is to ensure there is a source of funds that can cover the basic needs and from the balance, gambling can be made.
Well you have a point when it comes to your "rights" but some people here are suggesting estimated percentages because OP is asking us what is the ideal amount to use. If you're a kind of a wise person, you will eventually think that using all of your salary is not a good advice because there's a lot of things may happen in just a snap and in just one wrong move in your bets so it's really up to a person how risk taker and decision maker they are. That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose . Title: Re: How much of my salary should I use to gamble Post by: Dr.Bitcoin_Strange on May 27, 2024, 03:22:18 PM Gambling addiction is one thing so bad,and I would advice anybody who has the courage to quit it to do so, except you are winning often,else,I would say gambling is not my thing,and I just wish I was able to quit it for life.And even if you win often, you still lose money without letting people know. If you are a gambling addict, then for sure you will not be able to save anything from your salary. Even you may not limit yourself because a gambling addict has no power to think in his mind that he has to quit gambling. This portfolio management is only applicable to responsible gamblers. The other day, I came across a topic created by a member of this forum where the user asked if it was possible that addicted gamblers don't win all their bets. It was a nice question because that really explains how terrible addiction is. It is possible for an addicted gambler to win a huge amount of money, but due to their state of mind, they will still lose everything and can even spend all of their money apart from the one they have won. If it got so bad with the person, he or she can still take a loan to gamble. How can a gambling addict even be able to save some of his salary when they cannot even save some of the money they are winning while gambling? Very difficult. Title: Re: How much of my salary should I use to gamble Post by: passwordnow on May 27, 2024, 03:35:22 PM That's good for you to use atleast 3-5% of your monthly income to gamble because you have a multiple sources of income and it shows that you can manage to spend how much do you want just to have fun because of your savings but that doesn't mean that you will use all of your money, you still have to control yoir spending limit and time management if you're doing gambling just for fun. Someone who has saved a lot of his earnings is unlikely to gamble all of it. Hard work and life savings are what we're all working for. I know that it is unlikely for the most but there were cases that a gambler will no doubt going to gamble that all at once. A yolo mentality sometimes is good but at most times is not. So, if you can afford to gamble only at least 3%-5% of your monthly income, that's already a good allocation for you to enjoy and have fun every month. You only need to find the most enjoyable gambling games and the probable profitable one for you. But even with 3%-5% is quite low for the most of us and it's an amount that's affordable to lose. Not everyone can still afford that especially those that are living in the third world countries. They even get a daily income just for survival and that's why discipline is a must and stick to the amount that you can truly afford, don't be too hard headed when your situation is quite tough because you won't just going to live in a day and with your salary, sustain first your needs than wants like entertainment and recreational activities like gambling. Title: Re: How much of my salary should I use to gamble Post by: pinggoki on May 27, 2024, 03:36:01 PM If you don't want to lose that salary and make the most of it especially if you're working in a minimum wage, may I suggest that you shouldn't try gambling and just go with apps in phones that plays with fake money? That's only applicable to the minimum wage earners though, if you're a well to do and you can afford to have a spare money left from your salary until last month, I think that you're probably going to be fine allotting about 5% of your salary to gambling although it's better if you don't use percentage in this kind of situation, just go with $100 a month and you'd probably be good to go.
Title: Re: How much of my salary should I use to gamble Post by: erep on May 27, 2024, 03:47:30 PM The other day, I came across a topic created by a member of this forum where the user asked if it was possible that addicted gamblers don't win all their bets. It was a nice question because that really explains how terrible addiction is. It is possible for an addicted gambler to win a huge amount of money, but due to their state of mind, they will still lose everything and can even spend all of their money apart from the one they have won. If it got so bad with the person, he or she can still take a loan to gamble. When the amount of money from gambling winnings cannot be allocated to savings and there is a small chance that money for other needs can be allocated to savings as well, relatively addicted gamblers cannot allocate funds for savings because the influence of gambling has worsened their economy, especially since some gamblers consider gambling to increase their income and they use a lot of money just to bet. The solution is that they have to limit access to gambling if they want to plan to make savings and they have to set a low allocation for gambling.How can a gambling addict even be able to save some of his salary when they cannot even save some of the money they are winning while gambling? Very difficult. Title: Re: How much of my salary should I use to gamble Post by: 2Pizza410000BTC on May 27, 2024, 04:02:10 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? If you're asking how much of your income to gamble, I'd say spend 1%-5% of your income on gambling. There are many people who do not set any budget for gambling, they participate in gambling constantly, constantly participating in gambling as a result of which at some point it is seen that they have completely ruined their lives. I don't know how much is your yearly or weekly salary but I won't consider it I would just say spend 1%-5% of your income on gambling If you can spend 1% to 5% of your income on gambling then you can be safe on casino platform for gambling. I always spend 1% to 5% of my income on gambling, except for this fixed budget, I don't spend any extra money on gambling.Title: Re: How much of my salary should I use to gamble Post by: Fivestar4everMVP on May 27, 2024, 04:13:02 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Well, I think this largely depends on how much money you are earning as a salary, like me for example, I am no longer working and earning salary, but I have been there before, and though I wasn't really into gambling then, I've never used more than 1 to 5 percent of my salary for gambling.But then also, you have to also consider some factors as well, if you are not married, and don't have other responsibilities aside from looking after yourself and feeding, then maybe the best percentage that should be used for gambling should not be more than 5 percent, depending on how much you are earning and how much you love gambling. But then, if you are a family man with wife and children responsibilities, then, I would say it advice that you do not use more than 1 percent of your salary income for gambling, this is to enable you have enough money for your self and your family, and other unforseen expenditures. Title: Re: How much of my salary should I use to gamble Post by: Bd officer on May 27, 2024, 05:07:47 PM That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose . The source of income for each gambler is different. Some may be getting salaries on the job while others may be doing business. Also, some may get more salary and make more money while others may earn less. Also, some people have more expenses as compared to others. Therefore we cannot say how much salary or how much % of salary or income one can devote to the gambling. The figure may vary from person to person and more importantly, it depends on the financial condition of the gamblers. Title: Re: How much of my salary should I use to gamble Post by: Accardo on May 27, 2024, 05:30:28 PM That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose . The source of income for each gambler is different. Some may be getting salaries on the job while others may be doing business. Also, some may get more salary and make more money while others may earn less. Also, some people have more expenses as compared to others. Therefore we cannot say how much salary or how much % of salary or income one can devote to the gambling. The figure may vary from person to person and more importantly, it depends on the financial condition of the gamblers. Gambling can be tricky and a player would think he already posses enough luck to win in gambling, thereby wagering too much money till his income gets exhausted. Here the problem will kick in because no money will be left to pursue the business. Taking loans would be the next choice for the gambler and he would be surprised at how his business may start to crumble as the borrowed may still be invested back to gambling. How then will a player make money for gambling if not through his income? Managing it is the main point. It's fine to wager from our salary. Money is made to be spent on this we enjoy. Title: Re: How much of my salary should I use to gamble Post by: STT on May 27, 2024, 05:59:57 PM Very quick answer here because simplicity is always best in any situation which can get more complicated over time.
Don't use any of your salary for that month, don't play in this way as it requires a steel will which most of us don't have. Play with your savings not your salary, simple difference the money is free and clear if already saved. If you are juggling the books between salary and bills and hoping the days after pay but before bills need paying it gives time to gamble, that part is the first mistake of many is my rough thinking. Don't start off on the wrong step if you are going to take this on as a serious proposition. Alternatively just play for fun and learn the game but don't begin expecting to win as if you are experienced, its an ego and discipline aid to a good attitude. Title: Re: How much of my salary should I use to gamble Post by: nimogsm on May 27, 2024, 06:35:52 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Since you are a beginner, then it’s not more than 5% and you shouldn’t play for everything at once, but this is enough to understand what you like best. But don’t forget to take breaks and play after a month so there is a chance that you won’t get sucked into gambling.You need to immediately control your budget and don’t give in to excitement.Title: Re: How much of my salary should I use to gamble Post by: _act_ on May 27, 2024, 08:22:06 PM Since you are a beginner, then it’s not more than 5% and you shouldn’t play for everything at once, but this is enough to understand what you like best. But don’t forget to take breaks and play after a month so there is a chance that you won’t get sucked into gambling.You need to immediately control your budget and don’t give in to excitement. I do not use more than 5% of my weekly income to gamble weekly. There are days that I may not use up to that amount in percentage. But I have seen days that I may just go for a slightly high odd with all the 5% and use it to gamble which the result may not take more than 10 seconds. If I lose, I stop gambling for that day but if I wn I also stop gamble for that day. I like when I win but I do not mind to lose. It is gambling it might or might not favour.Title: Re: How much of my salary should I use to gamble Post by: Cookdata on May 27, 2024, 09:20:28 PM If you're asking how much of your income to gamble, I'd say spend 1%-5% of your income on gambling. There are many people who do not set any budget for gambling, they participate in gambling constantly, constantly participating in gambling as a result of which at some point it is seen that they have completely ruined their lives. I don't know how much is your yearly or weekly salary but I won't consider it I would just say spend 1%-5% of your income on gambling If you can spend 1% to 5% of your income on gambling then you can be safe on casino platform for gambling. I always spend 1% to 5% of my income on gambling, except for this fixed budget, I don't spend any extra money on gambling. Percentage wise might not be a good recommendations because we don't even know what OP earn a year. If you recommend 1-2% for him and he earn $100 a month, that means $1-$5 is what he has an allocation for gambling, how does he even divide that amount to wager? His wager will be limited to some games because if for instance he wager $1 for dice, he get to try it 5 times max and if he is using casino that ask for higher limit wager, he wouldn't be able to gamble for that number of times. If OP is earning withing the range of $100 dollars, $10 is good amount for gambling just to be sufficient, $500 above should go between $25-$30 and $1000 should be $50 but all this will be useless if you don't understand how to gamble. It's better you have understanding your of gambling before asking all this otherwise even if you use $1000 dollar to bet, you are likely to lose all. Title: Re: How much of my salary should I use to gamble Post by: sompitonov on May 28, 2024, 09:02:15 AM If you're asking how much of your income to gamble, I'd say spend 1%-5% of your income on gambling. There are many people who do not set any budget for gambling, they participate in gambling constantly, constantly participating in gambling as a result of which at some point it is seen that they have completely ruined their lives. I don't know how much is your yearly or weekly salary but I won't consider it I would just say spend 1%-5% of your income on gambling If you can spend 1% to 5% of your income on gambling then you can be safe on casino platform for gambling. I always spend 1% to 5% of my income on gambling, except for this fixed budget, I don't spend any extra money on gambling. Percentage wise might not be a good recommendations because we don't even know what OP earn a year. If you recommend 1-2% for him and he earn $100 a month, that means $1-$5 is what he has an allocation for gambling, how does he even divide that amount to wager? His wager will be limited to some games because if for instance he wager $1 for dice, he get to try it 5 times max and if he is using casino that ask for higher limit wager, he wouldn't be able to gamble for that number of times. If OP is earning withing the range of $100 dollars, $10 is good amount for gambling just to be sufficient, $500 above should go between $25-$30 and $1000 should be $50 but all this will be useless if you don't understand how to gamble. It's better you have understanding your of gambling before asking all this otherwise even if you use $1000 dollar to bet, you are likely to lose all. Title: Re: How much of my salary should I use to gamble Post by: Betwrong on May 28, 2024, 09:51:22 AM ~ sometimes the budget is 5% of my salary not always all the time. When the balance starts to go to zero, from the growth of bringing in 5% of my salary, it can increase many times over and I can withdraw money to achieve my target. When the balance started to go to zero I made a deposit from yesterday's winnings. I'm not always ambitious because I've had bad experiences that I don't want to repeat It's a good approach to gambling, mate. Try to play only from the money you won earlier. And if, because of bad luck, you are out of those money, then, if gambling is what makes you entertained, makes you relaxed, helps you take a break from your hard work, you can make another deposit, but not more than 5% of your monthly salary per month, or, around 1.5% of your salary per week. Never go over that limit. Title: Re: How much of my salary should I use to gamble Post by: maydna on May 28, 2024, 12:57:52 PM Since you are a beginner, then it’s not more than 5% and you shouldn’t play for everything at once, but this is enough to understand what you like best. But don’t forget to take breaks and play after a month so there is a chance that you won’t get sucked into gambling.You need to immediately control your budget and don’t give in to excitement. I do not use more than 5% of my weekly income to gamble weekly. There are days that I may not use up to that amount in percentage. But I have seen days that I may just go for a slightly high odd with all the 5% and use it to gamble which the result may not take more than 10 seconds. If I lose, I stop gambling for that day but if I wn I also stop gamble for that day. I like when I win but I do not mind to lose. It is gambling it might or might not favour.Title: Re: How much of my salary should I use to gamble Post by: Bitcoinsummoner on May 28, 2024, 01:16:09 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? My opinion about playing Gambling. Gambling is like an addiction. If you take gambling as a recreation, then very soon you will be addicted to gambling. So my request is to avoid gambling. No one can't happy to invest in gambling and earn much more money from it. If one earns more from gambling then he wants more than previously. In this way, he will deeply engage in gambling and a few months later he will lose all of his property. Title: Re: How much of my salary should I use to gamble Post by: Roseline492 on May 28, 2024, 01:30:17 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Sometimes is good to ask yourself the reason why you choose to gamble because in most cases it could be that you decided to joined gambling based on the fact that you saw your friends or colleagues gambling without actually knowing how it works, so if perhaps you decided to join because of your friends I think you should think twice before joining because you can easily be vulnerable of becoming a victim were as you will find it very difficult controlling yourself while gambling. However in terms of knowing the percentage from your salary that would be good using to gambling, I think 3% to 4% will be okay depending on the amount you received, however I would strongly advise you to stick on that amount or percentage on monthly basis and never to go above that on the process, however another method is that instead of using the whole percentage to gamble at once you could break it down by using it to gamble on weekly basis because with this you have more good chances of making some win. Title: Re: How much of my salary should I use to gamble Post by: Maus0728 on May 28, 2024, 01:35:53 PM If you can do it, don't use any of that to gamble, most cases that you can do this is if you've got a side hustle where you can easily supplement your gambling habits since you've got an extra income. If you're not that person that I'm talking about, you probably shouldn't portion your salary to satisfy your gambling needs, most of the time, you're going to end up with nothing and that money that you will allocate will definitely be not enough for the gambling session. If you're the kind of person that's got a salary that's on the 5 or 6 digit territory already, you're probably good with a 10% of that being used for gambling if you really can't help it. The thing is that most gamblers would be better off if they simply saved (or even better, invested) their side hustle income instead of using that extra money for gambling. But I guess the thing that is different is that they are buying some kind of "hope" to become rich, which won't happen if they simply save or invest the money. Ironically, over time, they might get wealthier if they don't gamble. Title: Re: How much of my salary should I use to gamble Post by: Peanutswar on May 28, 2024, 01:43:51 PM If you can do it, don't use any of that to gamble, most cases that you can do this is if you've got a side hustle where you can easily supplement your gambling habits since you've got an extra income. If you're not that person that I'm talking about, you probably shouldn't portion your salary to satisfy your gambling needs, most of the time, you're going to end up with nothing and that money that you will allocate will definitely be not enough for the gambling session. If you're the kind of person that's got a salary that's on the 5 or 6 digit territory already, you're probably good with a 10% of that being used for gambling if you really can't help it. The thing is that most gamblers would be better off if they simply saved (or even better, invested) their side hustle income instead of using that extra money for gambling. But I guess the thing that is different is that they are buying some kind of "hope" to become rich, which won't happen if they simply save or invest the money. Ironically, over time, they might get wealthier if they don't gamble. Not all people have a good background in investment some of them don't know where to start and what are things they need to do, we know gambling is one of the fastest way to earn money, gambling gives entertainment to the player and lets accept the fact it's the easy way to earn money but not all the people have the same profitable story, always the casino wins the game and a small portion of gambler only experience the wins. Just gamble you afford to lose and use other money to your daily needs and investments, always separate your assets that is used for your personal needs like gambling. Title: Re: How much of my salary should I use to gamble Post by: Dewi Aries on May 28, 2024, 09:05:48 PM The thing is that most gamblers would be better off if they simply saved (or even better, invested) their side hustle income instead of using that extra money for gambling. But I guess the thing that is different is that they are buying some kind of "hope" to become rich, which won't happen if they simply save or invest the money. Ironically, over time, they might get wealthier if they don't gamble. Not all people have a good background in investment some of them don't know where to start and what are things they need to do, we know gambling is one of the fastest way to earn money, gambling gives entertainment to the player and lets accept the fact it's the easy way to earn money but not all the people have the same profitable story, always the casino wins the game and a small portion of gambler only experience the wins. Just gamble you afford to lose and use other money to your daily needs and investments, always separate your assets that is used for your personal needs like gambling. In fact, only a few people understand that apart from gambling being the fastest way to make money, it is clear that gambling can also be the right place to make you lose much more money quickly. Gambling can only be used as entertainment when the gambler knows that this is a high-risk activity, of course you will only dare to bet small amounts when you know that gambling is high-risk and when you know that the real winnings are only for the casino. And implementing financial management is always the best preparation which refers to prevention, especially when you are involved in gambling, prioritizing basic needs, putting some into investment allocation (if you know and understand), and saving another small part for gambling is smart management. Title: Re: How much of my salary should I use to gamble Post by: DaNNy001 on May 28, 2024, 09:18:59 PM That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose . The source of income for each gambler is different. Some may be getting salaries on the job while others may be doing business. Also, some may get more salary and make more money while others may earn less. Also, some people have more expenses as compared to others. Therefore we cannot say how much salary or how much % of salary or income one can devote to the gambling. The figure may vary from person to person and more importantly, it depends on the financial condition of the gamblers. Title: Re: How much of my salary should I use to gamble Post by: ShowOff on May 28, 2024, 09:26:10 PM The other day, I came across a topic created by a member of this forum where the user asked if it was possible that addicted gamblers don't win all their bets. It was a nice question because that really explains how terrible addiction is. It is possible for an addicted gambler to win a huge amount of money, but due to their state of mind, they will still lose everything and can even spend all of their money apart from the one they have won. If it got so bad with the person, he or she can still take a loan to gamble. When the amount of money from gambling winnings cannot be allocated to savings and there is a small chance that money for other needs can be allocated to savings as well, relatively addicted gamblers cannot allocate funds for savings because the influence of gambling has worsened their economy, especially since some gamblers consider gambling to increase their income and they use a lot of money just to bet. The solution is that they have to limit access to gambling if they want to plan to make savings and they have to set a low allocation for gambling.How can a gambling addict even be able to save some of his salary when they cannot even save some of the money they are winning while gambling? Very difficult. It all depends on how each gambler approaches it. One can set aside his winnings as his gambling budget for another time, while others fail. Limiting your budget for gambling is certainly highly recommended, but on average, if you fail to do so, they can even spend their entire salary just for one day of gambling. I can imagine how easy it would be to spend $100 in a day or just a few minutes to gamble, but they would have to work over 14 days to collect $100. Many gamblers do not value money, they can lose a month's salary in one day just because of a serious gambling addiction. If one of them is here, then I'm sure they are not the typical people who are good at saving money. Title: Re: How much of my salary should I use to gamble Post by: Onyeeze on May 28, 2024, 09:26:53 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? the most of people in the society is jobless especially countries that's uncivilised and they seems gambling as only avenue of making money, so therefore, we need to understand that what lures people into gambling is not only pleasure or they seems gambling as entertainment kind of, they are seeing gambling as only means od having a burks money and that is why you see different people queuing up into gambling, so people in local environments and also who is jobless take gambling as source of generating revenue and that's why you see many of them as associate of gambling in quantum. Title: Re: How much of my salary should I use to gamble Post by: Zadicar on May 28, 2024, 09:27:33 PM If you can do it, don't use any of that to gamble, most cases that you can do this is if you've got a side hustle where you can easily supplement your gambling habits since you've got an extra income. If you're not that person that I'm talking about, you probably shouldn't portion your salary to satisfy your gambling needs, most of the time, you're going to end up with nothing and that money that you will allocate will definitely be not enough for the gambling session. If you're the kind of person that's got a salary that's on the 5 or 6 digit territory already, you're probably good with a 10% of that being used for gambling if you really can't help it. The thing is that most gamblers would be better off if they simply saved (or even better, invested) their side hustle income instead of using that extra money for gambling. But I guess the thing that is different is that they are buying some kind of "hope" to become rich, which won't happen if they simply save or invest the money. Ironically, over time, they might get wealthier if they don't gamble. You are the ones who would really be finding out whether you would really be making too much spending or you are really just that on the right track. People wont really be making out those realizations that they had spending up that much not on the moment that they are still on good condition but on the moment that they had past with those limits then this is the moment that they would really be trying out to notice up that they had done too much on which this is the usual case. 5-10% of your salary i should say that it would really be that too much but well we do have our own way of spending on things. The only thing that you do need to consider is that you wont really be making yourself that go past beyond on your budget. Limit would be the key but people often fails on this one. Title: Re: How much of my salary should I use to gamble Post by: blockman on May 28, 2024, 09:36:12 PM If you are family man and you have kids to feed. Make sure that you allocate first to the basic needs, food, rent, bills, etc. And whatever is left there is the one where you're going to pull your funds off for gambling. So, let's say that you have $50-$100 remaining for every month, do you think that you're able to live with that amount as your bankroll for the entire month? I don't think that many will do but if you are having a tight budget then you have to deal and live with it.
Title: Re: How much of my salary should I use to gamble Post by: youdacapt on May 28, 2024, 09:38:48 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? 1-5% of your salary is all you need for a gambling budget and you should not exceed or stretch the limits. Also, it is indeed not advisable to gamble with your monthly earnings Gambling can be addictive; keep yourself safe Title: Re: How much of my salary should I use to gamble Post by: Ojima-ojo on May 28, 2024, 09:44:45 PM Why should you think of gambling with your salary if you are going to lose the money, for me the only money I can gamble with is only free cash flow that is the money that I don't have any financial need for and is not included in my budget since I have to plan and work for my salary for a whole month, I will not gamble with such money, I can gamble with money that is gifted to me from work which is not a part of my salary.
Most times gambling is best taken as just fun and ways to lose money and burn out some times just to ease up stress, no one should take gambling to be a means to make 🤑💰 because it won't happen at least not most of the time. Title: Re: How much of my salary should I use to gamble Post by: BABY SHOES on May 28, 2024, 09:49:28 PM Why should you think of gambling with your salary if you are going to lose the money, for me the only money I can gamble with is only free cash flow that is the money that I don't have any financial need for and is not included in my budget since I have to plan and work for my salary for a whole month, I will not gamble with such money, I can gamble with money that is gifted to me from work which is not a part of my salary. Maybe he means what percentage of the total monthly salary whether it's 5% or 10% for me it's too big and it's a pity that the results of a full month's work are then partly for gambling, so it's better to find other income so it doesn't interfere with your monthly salary.Most times gambling is best taken as just fun and ways to lose money and burn out some times just to ease up stress, no one should take gambling to be a means to make 🤑💰 because it won't happen at least not most of the time. In essence, never force gambling if the monthly salary is still mediocre for a full month's needs, with free cash flow it is better because when they lose it will not be too stressful.... What I do in gambling, there is free money to gamble, if there is no then just rest. Title: Re: How much of my salary should I use to gamble Post by: Onyeeze on May 28, 2024, 09:52:50 PM If you are family man and you have kids to feed. Make sure that you allocate first to the basic needs, food, rent, bills, etc. And whatever is left there is the one where you're going to pull your funds off for gambling. So, let's say that you have $50-$100 remaining for every month, do you think that you're able to live with that amount as your bankroll for the entire month? I don't think that many will do but if you are having a tight budget then you have to deal and live with it. you're right, and someone who is a family man that is working is someone who can remember to make such calculations and it work out for him, because most of persons that's a gambler really be inquisitive to make money through gambling and most of them that don't think of reservations of welfare of children and reservations of funds to new of apartment before they go into gambling, as I said that someone that will have such thinking is someone who is working already but someone who is jobless will think that the little he or she have can be multiply through gambling, so gamblers have different narratives.Title: Re: How much of my salary should I use to gamble Post by: uchegod-21 on May 28, 2024, 11:56:39 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? I don't think there's a fixed figure or a template to follow on this. It is just like asking how much of your income should you use to buy bitcoin. Gamble with what you can afford to lose. What do I mean by what you can afford to lose. Gambling with the amount you will not keep remembering if you eventually lose.I have seen people talking about 5%. Maybe you have to use 5% as the benchmark or the max cap of what you can use to gamble. These stats can change if you do not actually win. The more you lose, the more you keep reducing the amount you use to gamble until you do not gamble again. Title: Re: How much of my salary should I use to gamble Post by: Samlucky O on May 29, 2024, 05:01:28 AM If you are family man and you have kids to feed. Make sure that you allocate first to the basic needs, food, rent, bills, etc. And whatever is left there is the one where you're going to pull your funds off for gambling. So, let's say that you have $50-$100 remaining for every month, do you think that you're able to live with that amount as your bankroll for the entire month? I don't think that many will do but if you are having a tight budget then you have to deal and live with it. You are actually correct about that. Being a family man requires a whole lot of responsibility and we should be cautious of how we spend our bankroll. Before someone would set aside a certain amount for gambling we should try as much as possible to settle the important things at hand before we gambling, just as you have stated above, by settling for rent, food, school fees and other important expenses. and Morover investing some amount in bitcoin which is more important before gambling the little amount you may have set aside. And if that amount has finished, you have to hold on for a specific period of time before you can gamble again. And it will be the next time you receive your salary either weekly or monthly.Title: Re: How much of my salary should I use to gamble Post by: Psynthax on May 29, 2024, 06:46:57 AM i have firm believe that people who gamble should be done with their needs first, they should be at least quite well off or have spare money, there's no point in engaging into such activity if someone is so broke, they just gonna make things worse.
be well off first, have that spare of money, and then engage, of course if you somehow believe and so optimistic that your pick gonna be the best pick in the century you can always mess and find out, since probably you gonna be regretting over it if it turns out truly to be a victorious pick on your side but then again know your financial capabilities and stake only what you can afford to stake, there's nothing more harmful to your current financial well being other than forcing yourself into something that you shouldn't do. just know that some people doing it for entertainment because it is entertainment for them since sometime they already have too much money so they want the excitement and adrenaline, other than that if anyone is so broke they barely make ends meet. they simply just trying to put themselves in difficult situation, at least thats my opinion and of course i can be mistaken about it. Title: Re: How much of my salary should I use to gamble Post by: GigaBit on May 29, 2024, 07:10:18 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? 1-5% of your salary is all you need for a gambling budget and you should not exceed or stretch the limits. Also, it is indeed not advisable to gamble with your monthly earnings Gambling can be addictive; keep yourself safe Title: Re: How much of my salary should I use to gamble Post by: Dr.Bitcoin_Strange on May 29, 2024, 08:12:37 AM When the amount of money from gambling winnings cannot be allocated to savings and there is a small chance that money for other needs can be allocated to savings as well, relatively addicted gamblers cannot allocate funds for savings because the influence of gambling has worsened their economy, especially since some gamblers consider gambling to increase their income and they use a lot of money just to bet. The solution is that they have to limit access to gambling if they want to plan to make savings and they have to set a low allocation for gambling. These are people who were once non-gamblers, started gambling, and were never addicted from the start, but at some point took it upon themselves to become addicted. In worse cases of addiction, it can scatter a long relationship that took years to build and cause more harm and pain, but some gamblers will just allow themselves to fall for this. It's not really difficult to take out some money from your winning reward and only keep some for gambling, but some gamblers make the mistake of leaving every dollar on their casino balance; they don't want to withdraw until they are done playing, while in the process of continuous gambling, they will end up losing all the money, including the one they had in mind to withdraw. Title: Re: How much of my salary should I use to gamble Post by: Awaklara on May 29, 2024, 08:24:36 AM i have firm believe that people who gamble should be done with their needs first, they should be at least quite well off or have spare money, there's no point in engaging into such activity if someone is so broke, they just gonna make things worse. Unfortunately, some people who are new to gambling actually think gambling will give them wealth. With limited funds, even those who are addicted are willing to spend most of their salary on gambling.be well off first, have that spare of money, and then engage, of course if you somehow believe and so optimistic that your pick gonna be the best pick in the century you can always mess and find out, since probably you gonna be regretting over it if it turns out truly to be a victorious pick on your side but then again know your financial capabilities and stake only what you can afford to stake, there's nothing more harmful to your current financial well being other than forcing yourself into something that you shouldn't do. just know that some people doing it for entertainment because it is entertainment for them since sometime they already have too much money so they want the excitement and adrenaline, other than that if anyone is so broke they barely make ends meet. they simply just trying to put themselves in difficult situation, at least thats my opinion and of course i can be mistaken about it. As you said, it will only put them in a difficult situation. where their living needs will be disrupted and if the addiction continues, it will even drain their wealth. everyone who wants to gamble. they must really know and be prepared for the risks. especially prepared for their finances. Title: Re: How much of my salary should I use to gamble Post by: Litzki1990 on May 29, 2024, 10:21:51 AM If you are family man and you have kids to feed. Make sure that you allocate first to the basic needs, food, rent, bills, etc. And whatever is left there is the one where you're going to pull your funds off for gambling. So, let's say that you have $50-$100 remaining for every month, do you think that you're able to live with that amount as your bankroll for the entire month? I don't think that many will do but if you are having a tight budget then you have to deal and live with it. It would be wise to decide our gambling spending based on how much money we are making each month or week as well as how much money we have left over from all our expenses each month or week. If our expenses are more than our income then there will be no money left for gambling but if with our monthly salary we can save some money to meet the needs of the family then we can definitely plan to gamble with that money. First of all make a monthly routine and for making monthly routine some amount more than the amount needed every month should be assumed for family management then if there is remaining money then gambling can be planned with that money.Title: Re: How much of my salary should I use to gamble Post by: junder on May 29, 2024, 12:45:50 PM You are actually correct about that. Being a family man requires a whole lot of responsibility and we should be cautious of how we spend our bankroll. Before someone would set aside a certain amount for gambling we should try as much as possible to settle the important things at hand before we gambling, just as you have stated above, by settling for rent, food, school fees and other important expenses. and Morover investing some amount in bitcoin which is more important before gambling the little amount you may have set aside. And if that amount has finished, you have to hold on for a specific period of time before you can gamble again. And it will be the next time you receive your salary either weekly or monthly. hat's right, when we already have income or income then we have to be able to meet our needs first or prioritize things that are important to survive for a certain period of time, don't think that we can overcome financial problems by taking out a loan of course it might be sweet at the beginning but most likely it will bitter in the end and makes us experience greater losses. I always set aside some of the remaining money that I have, when I have fulfilled all the things that are important in my opinion and there is still money left over that can be used as best as possible, I still divide it evenly, where I set aside a little for gambling and a little for myself, whether that means buying snacks. or drinks.Of course, for people who really think about the future, they will do their best by saving or even investing the money they earn, but don't forget that investment must be done with good knowledge and also with good understanding. Don't invest but don't know. what should I do next? it's the same as committing suicide. because if that's the case, I think they only hope for quick profits, whereas investment also has its own risks. Title: Re: How much of my salary should I use to gamble Post by: Bravut on May 29, 2024, 02:05:07 PM As I have said in my previous comment, I would not advice anyone to gamble with there salary it is financially unwise. We can gamble from other funds, nevertheless everyone is entitled to there decision about what they choose and how they want to live there life.
This is matter of Money management, and money allocated to separate stuff/project needed of which if there is a surplus you can use them for gambling to replace beer or some unnecessary fun, but should be as low as possible, and should not replace any wants. Title: Re: How much of my salary should I use to gamble Post by: bubilas on May 29, 2024, 02:10:37 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? You should probably think about not spending money on gambling at all :) But if the habit is already there and the gambler cannot imagine his life without a casino or other gambling games, then you need to understand how much money a gambler needs for life per month. He need to take into account the costs of everything: food, clothes, loans and more. In general, find out the balance of funds that can be spent without problems. At the same time, the gambler should not save money, because high-quality food and things are very important. Title: Re: How much of my salary should I use to gamble Post by: LFC_Bitcoin on May 29, 2024, 02:31:48 PM It’s fine to allocate a small portion of your disposable income like 1-5% for recreational activities such as gambling. Obviously it’s important to remember that gambling should be treated as entertainment and not as a source of income.
Setting a budget and sticking to it is crucial to ensure responsible gambling and to avoid financial difficulties. It’s a good idea to prioritise essential expenses, savings and investments before allocating any portion of your salary for gambling. Title: Re: How much of my salary should I use to gamble Post by: Dewi Aries on May 29, 2024, 04:16:23 PM It’s fine to allocate a small portion of your disposable income like 1-5% for recreational activities such as gambling. Obviously it’s important to remember that gambling should be treated as entertainment and not as a source of income. Because if we understand the dangers of gambling and the various adverse effects that can potentially occur then clearly the best approach to gambling is to only allocate a very small amount of budget such as 1 - 5% that you mentioned, and I think that amount is sufficient to get entertainment and fun when we have free time with boring situations.Setting a budget and sticking to it is crucial to ensure responsible gambling and to avoid financial difficulties. It’s a good idea to prioritise essential expenses, savings and investments before allocating any portion of your salary for gambling. Considering that gambling is nothing more than a recreational activity is the most correct point of view, because by having the intention and purpose for entertainment, it is clear that our minds will be distracted from the pursuit of victory, which means and benefits that there is less chance for us to apply or do various dangerous actions such as greed that can trigger a much worse situation. And yes it is true as you said that by only risking small amounts then indirectly this approach will make it easier for us to become a responsible gambler, and maybe we have often heard about the idea of “not overdoing it and betting small amounts that are ready to lose”, the reason is because by only betting small amounts then we will be easier to accept the fact of losing, and another benefit is that obviously this approach can save us from possible financial problems. Title: Re: How much of my salary should I use to gamble Post by: nara1892 on May 29, 2024, 04:37:59 PM If you are family man and you have kids to feed. Make sure that you allocate first to the basic needs, food, rent, bills, etc. And whatever is left there is the one where you're going to pull your funds off for gambling. So, let's say that you have $50-$100 remaining for every month, do you think that you're able to live with that amount as your bankroll for the entire month? I don't think that many will do but if you are having a tight budget then you have to deal and live with it. That's right, we should fulfill our basic needs first, especially if we are the head of the family, of course we must prioritize our family. Don't think about making money by gambling when your finances are unstable because that will only make things worse. after all we have to survive and with what you say that paying bills, rent, food, etc. is a requirement for survival. In fact, I don't think this applies to those who are already married, of course for those who already have income and salary but don't have a family yet, that doesn't mean they have to spend all their salary on gambling, that's not the right thing to do.In fact, I think that with the remaining money that you said, it won't be enough to last one month, what's more, we don't know what will happen tomorrow, even though we don't want anything bad to happen, we still have to be prepared. Title: Re: How much of my salary should I use to gamble Post by: sompitonov on May 29, 2024, 06:27:23 PM Because if we understand the dangers of gambling and the various adverse effects that can potentially occur then clearly the best approach to gambling is to only allocate a very small amount of budget such as 1 - 5% that you mentioned, and I think that amount is sufficient to get entertainment and fun when we have free time with boring situations. What you said is really true in my opinion, however, if you make a small bet and lose, the player will not even feel it, and many people come to gambling precisely for feelings and emotions. If we take the opposite situation and imagine that the player won, then the winnings will be small, since he took on a small risk with this bet. And a small win will be boring and uninteresting to him, he will want more, I think many have gone through this.Considering that gambling is nothing more than a recreational activity is the most correct point of view, because by having the intention and purpose for entertainment, it is clear that our minds will be distracted from the pursuit of victory, which means and benefits that there is less chance for us to apply or do various dangerous actions such as greed that can trigger a much worse situation. And yes it is true as you said that by only risking small amounts then indirectly this approach will make it easier for us to become a responsible gambler, and maybe we have often heard about the idea of “not overdoing it and betting small amounts that are ready to lose”, the reason is because by only betting small amounts then we will be easier to accept the fact of losing, and another benefit is that obviously this approach can save us from possible financial problems. I sometimes think that no matter how much a person actually earns, he will be interested when the stakes are high relative to his salary. Even if he is a millionaire, he will not be interested in bets of hundreds of dollars, he will want to bet in a thousand or tens of thousands. I can only advise one thing - don’t let gambling eat your wallet, place adequate bets, but at the same time I understand that few will listen to me and do as they see fit, because everyone there thinks that they are kings. Title: Re: How much of my salary should I use to gamble Post by: AVE5 on May 29, 2024, 06:38:28 PM How much of what you make needs to go just to keeping the basics covered? I mean rent, utilities, groceries. Gambling's for fun, not paying the bills. First step's figuring out what you absolutely need to live. Very good analysis. So it's literally not about specifying a specific amount to use in gambling, what matters most is the bills and essential needs being financially required to be achieved, having his savings plans and then he'd realize the particular amount of money to be used for his gambling out of his income.Then take whatever's left over and decide if you wanna risk some of that for a shot at winning a jackpot, etc. Title: Re: How much of my salary should I use to gamble Post by: Tmoonz on May 29, 2024, 07:32:58 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? There is nothing that can be more than the gambling roles that says don't gamble with more than what you can't afford to lose, a notable percentage for betting might not really be necessary as individual have different size of income or salary and different lifestyles so as our gambling percentage from our salary will differ too. However, it is very important we take Care of our basic needs before considering gambling, you can gamble with as much of your salary if it is within the range of the amount that you can afford to lose as gambling gives no guarantee. Gambling is very risky and every one have different risk tolerance level so everyone should only stay within his limit as going above your limit can be very devastating and can affect one's life negatively if not properly handle. Title: Re: How much of my salary should I use to gamble Post by: Agbe on May 29, 2024, 07:47:33 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? I see this question as a rhetorical question because telling you how much you will use with your salary to gamble is not wise. This thread was not needed here. And if you want forum users to tell you how much you will need to use to gamble then, you would have tell the community how much is your monthly salary so people can tell you how much should be use. And if you must know, your colleagues you said are gambling are also good example to ask. And lastly you can make a budget from your salary after paying all the bills and stock your house with food items and clothes then you can think of gambling. Title: Re: How much of my salary should I use to gamble Post by: stomachgrowls on May 29, 2024, 09:22:28 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? There is nothing that can be more than the gambling roles that says don't gamble with more than what you can't afford to lose, a notable percentage for betting might not really be necessary as individual have different size of income or salary and different lifestyles so as our gambling percentage from our salary will differ too. However, it is very important we take Care of our basic needs before considering gambling, you can gamble with as much of your salary if it is within the range of the amount that you can afford to lose as gambling gives no guarantee. Gambling is very risky and every one have different risk tolerance level so everyone should only stay within his limit as going above your limit can be very devastating and can affect one's life negatively if not properly handle. On the time or moment that you've seen yourself that spending which is way more than with your budget or something that you cant afford to lose then better stop and assess yourself on whats happeing. This is the moment that you could really be able to tell that you are gradually getting addicted with gambling on which this is really that bad. Title: Re: How much of my salary should I use to gamble Post by: wheelz1200 on May 29, 2024, 10:36:52 PM As much as you can afford to lose. There is nonset amount nor is there any sort of percentage you can use as a guidline. Given the same salary and the same bills it's still different because people have life goals. If yours is to just chill and relax than have a t it, but others want to grow fortune for theor family bigger house etc. They shoudlnt gamble as much. When you feel uncomfortable that's when you kmwo it's too much.
Title: Re: How much of my salary should I use to gamble Post by: Dewi Aries on May 30, 2024, 04:34:24 AM Because if we understand the dangers of gambling and the various adverse effects that can potentially occur then clearly the best approach to gambling is to only allocate a very small amount of budget such as 1 - 5% that you mentioned, and I think that amount is sufficient to get entertainment and fun when we have free time with boring situations. What you said is really true in my opinion, however, if you make a small bet and lose, the player will not even feel it, and many people come to gambling precisely for feelings and emotions. If we take the opposite situation and imagine that the player won, then the winnings will be small, since he took on a small risk with this bet. And a small win will be boring and uninteresting to him, he will want more, I think many have gone through this.Considering that gambling is nothing more than a recreational activity is the most correct point of view, because by having the intention and purpose for entertainment, it is clear that our minds will be distracted from the pursuit of victory, which means and benefits that there is less chance for us to apply or do various dangerous actions such as greed that can trigger a much worse situation. And yes it is true as you said that by only risking small amounts then indirectly this approach will make it easier for us to become a responsible gambler, and maybe we have often heard about the idea of “not overdoing it and betting small amounts that are ready to lose”, the reason is because by only betting small amounts then we will be easier to accept the fact of losing, and another benefit is that obviously this approach can save us from possible financial problems. I sometimes think that no matter how much a person actually earns, he will be interested when the stakes are high relative to his salary. Even if he is a millionaire, he will not be interested in bets of hundreds of dollars, he will want to bet in a thousand or tens of thousands. I can only advise one thing - don’t let gambling eat your wallet, place adequate bets, but at the same time I understand that few will listen to me and do as they see fit, because everyone there thinks that they are kings. This means that there is nothing better than betting with small amounts, the reason is because even if you bet with large amounts, there is still nothing that can ensure or guarantee that you will win, in the sense that losing will always be a definite possibility. And on the other hand regardless of one's background of whether they are rich or not, at the end of the day everyone wants money, meaning that if they have a wrong understanding of gambling that makes them put excessive interest and obsession with winning in gambling then obviously I will confirm your idea that every gambler is likely to bet a relatively large amount because of the chance of getting a big reward regardless of whether they are rich or poor, but the fact is that not everyone is always lucky at the end of the session, and this is why it makes sense to say that there is nothing better than betting a small amount. Title: Re: How much of my salary should I use to gamble Post by: bubilas on May 30, 2024, 04:39:51 AM As much as you can afford to lose. There is nonset amount nor is there any sort of percentage you can use as a guidline. Given the same salary and the same bills it's still different because people have life goals. If yours is to just chill and relax than have a t it, but others want to grow fortune for theor family bigger house etc. They shoudlnt gamble as much. When you feel uncomfortable that's when you kmwo it's too much. On the one hand, one learns that such an attitude is good. After all, you can spend as much as you feel comfortable gambling in a month. After all, if the gambler does not make large purchases this month, then there is a lot of free money, and you can use it to play slots or place bets in the betting. Only this attitude has a downside: with such a lifestyle, it is very easy to start treating money lightly, and spending more for a gambling than necessary. Title: Re: How much of my salary should I use to gamble Post by: Hirose UK on May 30, 2024, 04:59:07 AM As much as you can afford to lose. There is nonset amount nor is there any sort of percentage you can use as a guidline. Given the same salary and the same bills it's still different because people have life goals. If yours is to just chill and relax than have a t it, but others want to grow fortune for theor family bigger house etc. They shoudlnt gamble as much. When you feel uncomfortable that's when you kmwo it's too much. On the one hand, one learns that such an attitude is good. After all, you can spend as much as you feel comfortable gambling in a month. After all, if the gambler does not make large purchases this month, then there is a lot of free money, and you can use it to play slots or place bets in the betting. Only this attitude has a downside: with such a lifestyle, it is very easy to start treating money lightly, and spending more for a gambling than necessary. Many gamblers are also willing to postpone the money they use to meet their living needs and prioritize being able to fulfill their worldly desires in having fun or getting satisfaction such as gambling. This happens lot and we can easily find it, just look there are quite lot of gamblers who really find it difficult to live their lives but they can spend excessive amounts of money on gambling, this kind of stupid attitude is something that always happens. Moreover, for those who have bad mindset and cannot develop in thinking long term, whatever they do is only for momentary interests, they think that today getting money and spending it is not complicated thing because tomorrow they can go back to work and make money. I sometimes wonder about people like this because their goals in life are very monotonous, they look like people who don't want decent life in the future, after all life in old age will be much more difficult. Title: Re: How much of my salary should I use to gamble Post by: Dr.Bitcoin_Strange on May 30, 2024, 03:11:39 PM I can imagine how easy it would be to spend $100 in a day or just a few minutes to gamble, but they would have to work over 14 days to collect $100. Many gamblers do not value money, they can lose a month's salary in one day just because of a serious gambling addiction. If one of them is here, then I'm sure they are not the typical people who are good at saving money. It is quite funny how it takes so much time and energy to make money, but it just takes a matter of minutes for a gambler to lose all their salary in a casino game. It made me remember one day that I was playing plinkoplinko, I kept staking $1 and got 0.5x, but when I decided to stake $0.5, I got 1x. I just imagined that if I had staked a huge amount at once, like $20, $50, or $100, depending on my budget, then I would have just lost all that money in just a few minutes. It's necessary for every gambler to have a budget because if they do not discipline themselves and keep their budget, they might end up disappointed after losing all their salary. Title: Re: How much of my salary should I use to gamble Post by: adpinbr on May 30, 2024, 04:18:12 PM Well I wouldn’t not advise you to gamble more than 5 percent out of your salary because it not what you are sure about, gambling is just a game of choice and don’t gamble because all the community is gambling, gamble because you want to gain something and not because of friends and don’t engage so much in gambling and I don’t feel like using more than 5 percent of of your salary to gamble that it is right, you will just put yourself on a very big risk and you may not want that
Title: Re: How much of my salary should I use to gamble Post by: Ndabagi01 on May 30, 2024, 04:27:13 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? They don’t tell someone how much they can use from their salary to gamble. If you try 50% of the salary this month and survived it, maybe you can add more and when your try it and don’t survive it, then you should and reduce it the next time you want to take part of the salary to gamble. If you’re using your hard earned money to put into something that is not assured of return on investment, you can’t risk more that what you can’t bear. So for an adult that knows what he/she is doing, they’ll gladly do the right thing that will not make them regret their actions. To state clear facts to your answer, it depends on what you earn and what you use the money fortht will depend the percentage you can remove. Title: Re: How much of my salary should I use to gamble Post by: DaNNy001 on May 30, 2024, 04:43:02 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? I see this question as a rhetorical question because telling you how much you will use with your salary to gamble is not wise. This thread was not needed here. And if you want forum users to tell you how much you will need to use to gamble then, you would have tell the community how much is your monthly salary so people can tell you how much should be use. And if you must know, your colleagues you said are gambling are also good example to ask. And lastly you can make a budget from your salary after paying all the bills and stock your house with food items and clothes then you can think of gambling. That's exactly the point everyone is saying bro, it's not that you must have to know the person actually amount of salary earned but what the OP is trying to ask is how much or maybe I should clarify by how many percentage in relation to your salary so you think is wise enough to be used for gambling? well that's how I see it but I don't know if am actually right though but I believe that's the context and what everyone has been has highlighting so far in this thread is how irresponsible it is to actually use a dangerous percentage of your to actually gamble because the funny truth is that even as so many persons reach against this it's certainly still very sure that some crazy folks do actually do this. Title: Re: How much of my salary should I use to gamble Post by: 348Judah on May 30, 2024, 04:48:07 PM If we know that we have the ability to effectively manage money and finances within our capacity, then it's never a bad thing that we earn our salary and stipulate a portion from it to be used for gambling purpose, since we are not using the entire earnings, as well as we are not leaving other things to be done undone, if we can be able to meet up with our needs then i see no reason why we can't have fun in playing bets with our money, even if only its for us to be able to ease stress for the day.
Title: Re: How much of my salary should I use to gamble Post by: ethereumhunter on May 30, 2024, 05:17:14 PM Well I wouldn’t not advise you to gamble more than 5 percent out of your salary because it not what you are sure about, gambling is just a game of choice and don’t gamble because all the community is gambling, gamble because you want to gain something and not because of friends and don’t engage so much in gambling and I don’t feel like using more than 5 percent of of your salary to gamble that it is right, you will just put yourself on a very big risk and you may not want that Maybe less than 5 percent will be good for him to enjoy his time to playing gambling. After all, playing gambling is not for makes money but only for fun so less than 5 percent is enough to have fun in gambling. Although there is no exact percentage of their salary that they can use to playing gambling, they must calculate it by themselves so they don't use too much money to playing gambling and they can use the other money to the other things or their needs. If our salary is not too big than our friends, we don't have to force ourselves to follow their life style because we are different and that can makes us in trouble. It's better we stay away from gambling if we don't have too big of salary because we must gives priority to our daily needs, especially if that's for our family.Title: Re: How much of my salary should I use to gamble Post by: el che on May 30, 2024, 05:24:01 PM I'd like to think that I only use 10% of my salary in betting, but realistically it doesn't end up that way. During my early days of betting I would spend much more on betting, sometimes I would most of it, I use to be a bartender in my 20's and I would be living of daily tips, so as long as I had enough money for food and beer that day, the rest would go into betting on whatever was going on that day, I would guess about 80% of my tips that day.
Now older and a bit wiser I do separate only 10% of my salary to use in betting and only to have fun and get a little thrill, since I don't drink beer anymore, I can afford to loose 10%, but there are some special events where I do tend to bet more, fortunately those events are rare for me nowadays. Title: Re: How much of my salary should I use to gamble Post by: Oneandpure on May 30, 2024, 05:31:38 PM If we know that we have the ability to effectively manage money and finances within our capacity, then it's never a bad thing that we earn our salary and stipulate a portion from it to be used for gambling purpose, since we are not using the entire earnings, as well as we are not leaving other things to be done undone, if we can be able to meet up with our needs then i see no reason why we can't have fun in playing bets with our money, even if only its for us to be able to ease stress for the day. Firstly, about how much of salary should use to gamble depend on how much salary received from office or other working kinds, the manage with one month later outcome allocated and looking how much money left before using to gamble. Don't make big mistake after receiving salary by purchasing at gambling without manage early for one month later needed behind not promising yet when gambling has bigger ratio percentage for winning. Make gambling for fun only and use free money after spending for daily needed and pay of bill, rent house until allocated for emergency funds. I think if some have much salary will allocated bigger fund for gambling but if get lower salary has limitation using for depositing in gambling account. Title: Re: How much of my salary should I use to gamble Post by: Mate2237 on May 30, 2024, 05:35:55 PM ... OP is trying to ask is how much or maybe I should clarify by how many percentage in relation to your salary so you think is wise enough to be used for gambling? well that's how I see it but I don't know if am actually right though but I believe that's the context and what everyone has been has highlighting so far in this thread is how irresponsible it is to actually use a dangerous percentage of your to actually gamble because the funny truth is that even as so many persons reach against this it's certainly still very sure that some crazy folks do actually do this. The Op should know that if his salary is big then he has to divide itto the bills in the house before thinking of going to the gambling sites and if has not done that and visit the casinos with the whole salary then he would not return with any peanut and tell the story how the money was spent. And if I will suggest for the Op he should use 1% of his salary to gamble because the matter.how the salary is either small or big, it will look responsible Because he will only play or use the 1% and left the site for another salary day. Title: Re: How much of my salary should I use to gamble Post by: blockman on May 31, 2024, 08:07:11 PM If you are family man and you have kids to feed. Make sure that you allocate first to the basic needs, food, rent, bills, etc. And whatever is left there is the one where you're going to pull your funds off for gambling. So, let's say that you have $50-$100 remaining for every month, do you think that you're able to live with that amount as your bankroll for the entire month? I don't think that many will do but if you are having a tight budget then you have to deal and live with it. you're right, and someone who is a family man that is working is someone who can remember to make such calculations and it work out for him, because most of persons that's a gambler really be inquisitive to make money through gambling and most of them that don't think of reservations of welfare of children and reservations of funds to new of apartment before they go into gambling, as I said that someone that will have such thinking is someone who is working already but someone who is jobless will think that the little he or she have can be multiply through gambling, so gamblers have different narratives.If you are family man and you have kids to feed. Make sure that you allocate first to the basic needs, food, rent, bills, etc. And whatever is left there is the one where you're going to pull your funds off for gambling. So, let's say that you have $50-$100 remaining for every month, do you think that you're able to live with that amount as your bankroll for the entire month? I don't think that many will do but if you are having a tight budget then you have to deal and live with it. You are actually correct about that. Being a family man requires a whole lot of responsibility and we should be cautious of how we spend our bankroll. Before someone would set aside a certain amount for gambling we should try as much as possible to settle the important things at hand before we gambling, just as you have stated above, by settling for rent, food, school fees and other important expenses. and Morover investing some amount in bitcoin which is more important before gambling the little amount you may have set aside. And if that amount has finished, you have to hold on for a specific period of time before you can gamble again. And it will be the next time you receive your salary either weekly or monthly.Title: Re: How much of my salary should I use to gamble Post by: Mr.suevie on May 31, 2024, 08:11:57 PM ... OP is trying to ask is how much or maybe I should clarify by how many percentage in relation to your salary so you think is wise enough to be used for gambling? well that's how I see it but I don't know if am actually right though but I believe that's the context and what everyone has been has highlighting so far in this thread is how irresponsible it is to actually use a dangerous percentage of your to actually gamble because the funny truth is that even as so many persons reach against this it's certainly still very sure that some crazy folks do actually do this. The Op should know that if his salary is big then he has to divide itto the bills in the house before thinking of going to the gambling sites and if has not done that and visit the casinos with the whole salary then he would not return with any peanut and tell the story how the money was spent. And if I will suggest for the Op he should use 1% of his salary to gamble because the matter.how the salary is either small or big, it will look responsible Because he will only play or use the 1% and left the site for another salary day. Title: Re: How much of my salary should I use to gamble Post by: Nwada001 on May 31, 2024, 08:32:05 PM How much of what you make needs to go just to keeping the basics covered? I mean rent, utilities, groceries. Gambling's for fun, not paying the bills. First step's figuring out what you absolutely need to live. Very good analysis. So it's literally not about specifying a specific amount to use in gambling, what matters most is the bills and essential needs being financially required to be achieved, having his savings plans and then he'd realize the particular amount of money to be used for his gambling out of his income.Then take whatever's left over and decide if you wanna risk some of that for a shot at winning a jackpot, etc. I have always been of the opinion that gambling amounts shouldn't be calculated based on how much we earn, but rather based on how much one will be left after all the bills have been handled. There are people whose monthly earnings don't usually sustain them till the end of the year. Title: Re: How much of my salary should I use to gamble Post by: topbitcoin on May 31, 2024, 08:34:55 PM Well I wouldn’t not advise you to gamble more than 5 percent out of your salary because it not what you are sure about, gambling is just a game of choice and don’t gamble because all the community is gambling, gamble because you want to gain something and not because of friends and don’t engage so much in gambling and I don’t feel like using more than 5 percent of of your salary to gamble that it is right, you will just put yourself on a very big risk and you may not want that That percentage may be quite good, and it is effective in limiting us in managing money to be wasted on gambling, but this will be effective if at a certain level of income, maybe if we have an income of $1000 per month 5% will be very good and healthy as a budget for gambling in assessing risk and including financial expenses that do not give any impact, but what if the case is like you have an income of $200k per month, isn't 5% too large if only to be used in gambling. So there needs to be a calculation first about the income we can make every month then we decide what percentage can be spent on gambling for a month, because it is also impossible for 5% to be used in a day of gambling, we need to divide it for several sessions, whether we get lucky or not so that our money increases from gambling, because it is out of our control so there needs to be a plan in managing the money, and don't let the 5% we spend every month on gambling attract 95% to also enter gambling because of our impulsive and compulsive nature over gambling. Title: Re: How much of my salary should I use to gamble Post by: bangjoe on May 31, 2024, 08:40:15 PM How much of what you make needs to go just to keeping the basics covered? I mean rent, utilities, groceries. Gambling's for fun, not paying the bills. First step's figuring out what you absolutely need to live. Very good analysis. So it's literally not about specifying a specific amount to use in gambling, what matters most is the bills and essential needs being financially required to be achieved, having his savings plans and then he'd realize the particular amount of money to be used for his gambling out of his income.Then take whatever's left over and decide if you wanna risk some of that for a shot at winning a jackpot, etc. I have always been of the opinion that gambling amounts shouldn't be calculated based on how much we earn, but rather based on how much one will be left after all the bills have been handled. There are people whose monthly earnings don't usually sustain them till the end of the year. While after everything is finished, we can see how much money we can use for gambling, don't be too forceful about something that is not our obligation, if it is only limited to a sense of desire, while our spending responsibilities are very much, of course it is a mistake in managing finances. Title: Re: How much of my salary should I use to gamble Post by: Oilacris on May 31, 2024, 08:43:26 PM How much of what you make needs to go just to keeping the basics covered? I mean rent, utilities, groceries. Gambling's for fun, not paying the bills. First step's figuring out what you absolutely need to live. Very good analysis. So it's literally not about specifying a specific amount to use in gambling, what matters most is the bills and essential needs being financially required to be achieved, having his savings plans and then he'd realize the particular amount of money to be used for his gambling out of his income.Then take whatever's left over and decide if you wanna risk some of that for a shot at winning a jackpot, etc. I have always been of the opinion that gambling amounts shouldn't be calculated based on how much we earn, but rather based on how much one will be left after all the bills have been handled. There are people whose monthly earnings don't usually sustain them till the end of the year. 1. Bills 2. Insurances 3. Food expenses 4 School expenses 5. Savings 6. Car amortization/House ;D 7. Emergency funds ..... The list is long and pretty sure with those things above then you would really be barely making yourself having that left on your salary. This is really that you should really be something considerate about on the allocation and if turns out that you do have some money left then this is indeed the moment that you would considering on playing gambling. Title: Re: How much of my salary should I use to gamble Post by: Docnaster on May 31, 2024, 08:44:13 PM Well I wouldn’t not advise you to gamble more than 5 percent out of your salary because it not what you are sure about, gambling is just a game of choice and don’t gamble because all the community is gambling, gamble because you want to gain something and not because of friends and don’t engage so much in gambling and I don’t feel like using more than 5 percent of of your salary to gamble that it is right, you will just put yourself on a very big risk and you may not want that That percentage may be quite good, and it is effective in limiting us in managing money to be wasted on gambling, but this will be effective if at a certain level of income, maybe if we have an income of $1000 per month 5% will be very good and healthy as a budget for gambling in assessing risk and including financial expenses that do not give any impact, but what if the case is like you have an income of $200k per month, isn't 5% too large if only to be used in gambling. So there needs to be a calculation first about the income we can make every month then we decide what percentage can be spent on gambling for a month, because it is also impossible for 5% to be used in a day of gambling, we need to divide it for several sessions, whether we get lucky or not so that our money increases from gambling, because it is out of our control so there needs to be a plan in managing the money, and don't let the 5% we spend every month on gambling attract 95% to also enter gambling because of our impulsive and compulsive nature over gambling. Title: Re: How much of my salary should I use to gamble Post by: Egii Nna on May 31, 2024, 08:55:39 PM How much of what you make needs to go just to keeping the basics covered? I mean rent, utilities, groceries. Gambling's for fun, not paying the bills. First step's figuring out what you absolutely need to live. Very good analysis. So it's literally not about specifying a specific amount to use in gambling, what matters most is the bills and essential needs being financially required to be achieved, having his savings plans and then he'd realize the particular amount of money to be used for his gambling out of his income.Then take whatever's left over and decide if you wanna risk some of that for a shot at winning a jackpot, etc. Exactly the budget can help him, especially when he is an addict. Being an addict is not an easy thing to get away from, which is why he will be suggesting the amount to put in gambling out of his salary, which has affected many lives globally. Gambling is somehow related to emotional distress. Because if you can still see deep down in gambling, it has made some bankrupt and even some make money because of the quantity of their losses, which definitely means they put in the amount that they couldn’t lose and ended up losing it. That is why any time you see them counselling and addicting, they always advise him to create a budget. I think that is the main reason that the Op decides to ask for a specific percentage of his salary that should be put into gambling. Title: Re: How much of my salary should I use to gamble Post by: DaNNy001 on May 31, 2024, 08:59:40 PM I can't give a specific amount to be use for gambling from your salary or earnings, it's a personal choice and it also depends on your responsibility and the amount of time you put in to catch your so called fun. If you put in huge effort and time you might be spending gambling, those who spend more time gambling are likely to spend more on gambling because they can easily get addicted to the extent of using all the income to make gamble on a single ticket or stake. Gamble should be played with caution and not a means of making yourself wealthy overnight, most person suffer losses because of greed with is one of the foundation of gambling addiction.
Title: Re: How much of my salary should I use to gamble Post by: HelliumZ on May 31, 2024, 09:57:19 PM OP, How much of your paycheck you allocate to gambling is entirely up to you. But before you participate in gambling with your salary money, you must carefully consider whether your participation in this gambling can have a bad effect on your family members. Since you want to spend part of your salary on betting here, you must refrain from participating in gambling if it has a negative impact on your family's expenses. You must consider that your family is very important to you.
Title: Re: How much of my salary should I use to gamble Post by: Ivystar5 on May 31, 2024, 10:29:13 PM One thing about gambling with percentages is that it's all different for individuals because these people do not really earn like you. There are people earning from different places, and if such a person advises you to go with 5% because he uses that, what about you who's relying on just one source of income to make a living? Imagine taking such advice and what the outcome when there's a loss. I will advise you to gamble according to your salary. And before going into gambling with your salary, there are some basic things you should consider in a month because each month comes with its own challenges to sort out. Like, some month might be a month to renew rent, pay school fees, or get some food stuff; all this should come first before you can take the left-overs and make your percentage out of it to gamble with. This is what I really believe. Secondly, gambling's a game; don't gamble because others or your community and friends are gambling. Lots of people around you might gamble and get lucky, but do you think it's worth you gambling? The question should be, It's my thing, because you could gamble but not make it as they do. So sleep over each decision before embarking on it.
Title: Re: How much of my salary should I use to gamble Post by: Orpichukwu on May 31, 2024, 10:51:51 PM Exactly the budget can help him, especially when he is an addict. Being an addict is not an easy thing to get away from, which is why he will be suggesting the amount to put in gambling out of his salary, which has affected many lives globally. Gambling is somehow related to emotional distress. If you are an addict, do you think budgeting will help you at all? Any gambler who is still gambling within his or her budget is not yet fully a gambling addict, because when you are addicted to the game, you can't control your action again. Whatever funds you have at your disposal will be used to gamble until there is nothing left for you to use. That's when you will realise what you have done to yourself so far.Title: Re: How much of my salary should I use to gamble Post by: topbitcoin on May 31, 2024, 11:03:12 PM Well I wouldn’t not advise you to gamble more than 5 percent out of your salary because it not what you are sure about, gambling is just a game of choice and don’t gamble because all the community is gambling, gamble because you want to gain something and not because of friends and don’t engage so much in gambling and I don’t feel like using more than 5 percent of of your salary to gamble that it is right, you will just put yourself on a very big risk and you may not want that That percentage may be quite good, and it is effective in limiting us in managing money to be wasted on gambling, but this will be effective if at a certain level of income, maybe if we have an income of $1000 per month 5% will be very good and healthy as a budget for gambling in assessing risk and including financial expenses that do not give any impact, but what if the case is like you have an income of $200k per month, isn't 5% too large if only to be used in gambling. So there needs to be a calculation first about the income we can make every month then we decide what percentage can be spent on gambling for a month, because it is also impossible for 5% to be used in a day of gambling, we need to divide it for several sessions, whether we get lucky or not so that our money increases from gambling, because it is out of our control so there needs to be a plan in managing the money, and don't let the 5% we spend every month on gambling attract 95% to also enter gambling because of our impulsive and compulsive nature over gambling. Many gamblers miss this point which results in them losing more money, while they only make presumptions in finance, which at the end of the month they have no money because of the wrong calculation. Title: Re: How much of my salary should I use to gamble Post by: benalexis12 on May 31, 2024, 11:23:57 PM Maybe it's better to first list what you spend your salary on, from the electricity bill, water bill, grocery, if you have a motorcycle, include the fuel for 1 month, or for a vehicle,
put how much expenses you have there, your allowance for the whole month, emergency fund, and savings, and then if there is any left over, maybe use that for gambling. Because you need to be able to pay or provide for your regular monthly expenses so that you don't have a big problem as a person who likes gambling. Title: Re: How much of my salary should I use to gamble Post by: 2Pizza410000BTC on May 31, 2024, 11:55:27 PM Maybe it's better to first list what you spend your salary on, from the electricity bill, water bill, grocery, if you have a motorcycle, include the fuel for 1 month, or for a vehicle, Setting a fixed budget for gambling is very important. Everything you said here is fine but a man's monthly or weekly salary can be much more than the household expenses. Here as you said if the salary is more than this expenditure then he will have a lot of money left after spending everything Now the remaining money which after spending everything will be a lot of money if he spends it all on gambling he will never be able to save money for future. So a fixed budget should be set for gambling. But I think that 1% to 5% of income is good to use for gambling and more than that should not be used for gambling.put how much expenses you have there, your allowance for the whole month, emergency fund, and savings, and then if there is any left over, maybe use that for gambling. Because you need to be able to pay or provide for your regular monthly expenses so that you don't have a big problem as a person who likes gambling. Title: Re: How much of my salary should I use to gamble Post by: Judith87403 on June 01, 2024, 12:55:30 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Because of the risk involve in gambling I won't suggest the percentage you should use to gamble and secondly I don't know how much is your salary so what if I mentioned a percentage that your salary is not even up to lol..., Gambling is very riskty in the sense that it is very hard to win and this is the major reason why some people don't gamble cause they believe it's a waste of money, time and energy. However, there's no specific amount that is good to use and gamble rather you are to gamble with what you can afford to let go, amount that won't bother you or make you regret why you gamble so my advice to you is, try and use what you can afford to lose from your salary to gamble but note that, the smaller your money the smaller your winning and the higher the risk because when you use small amount you will like to pick big odds so the money will be big thereby putting yourself in higher risk of losing your money. Title: Re: How much of my salary should I use to gamble Post by: hyudien on June 01, 2024, 08:00:07 AM Setting a fixed budget for gambling is very important. Everything you said here is fine but a man's monthly or weekly salary can be much more than the household expenses. Here as you said if the salary is more than this expenditure then he will have a lot of money left after spending everything Now the remaining money which after spending everything will be a lot of money if he spends it all on gambling he will never be able to save money for future. So a fixed budget should be set for gambling. But I think that 1% to 5% of income is good to use for gambling and more than that should not be used for gambling. It is indeed important to set a budget limit for gambling, because in general gambling should not be done excessively, therefore we must be able to have a set limit in the budget so that we don't lose a lot of money when gambling. when we already have a job and a salary, of course what must be seen and fulfilled first are basic needs, because to survive we have to be able to fulfill what we need, but there are those who already have an income or salary but they only care about their wishes so they don't care about their needs, including those who are addicted to gambling, I think they will only prioritize their desire to gamble compared to fulfilling their needs.that's quite good, with 1% to 5% of the budget set for gambling it probably won't affect our finances, but we must be able to restrain ourselves from the results of the gambling we do, because with the end result of losing or winning there will still be a feeling of wanting to gamble again. , and here the role of self-control is important. Also, before that, make sure you use the remaining money from your salary that has been used for other needs so you don't use the money for other needs. Title: Re: How much of my salary should I use to gamble Post by: ethereumhunter on June 01, 2024, 08:05:33 AM Maybe it's better to first list what you spend your salary on, from the electricity bill, water bill, grocery, if you have a motorcycle, include the fuel for 1 month, or for a vehicle, Allocating your salary for all of your needs will helps you to knows how much money you have so you can use it to allocates it into your gambling account. That will be better because you have a limitation for your budget and you must obey that limitation so you don't use much money to playing gambling. If you already knows how much expenses you have there, you will be careful to use the free money you have, especially to playing gambling because you knows that if you add more money from that needs, you will difficult to fills that needs. You can becomes wise allocating your money in your needs, including budget to playing gambling because you will not wants to have difficulty in splitting the money for the right needs. While you can playing gambling using enough money, you can still fills all of your needs.put how much expenses you have there, your allowance for the whole month, emergency fund, and savings, and then if there is any left over, maybe use that for gambling. Because you need to be able to pay or provide for your regular monthly expenses so that you don't have a big problem as a person who likes gambling. Title: Re: How much of my salary should I use to gamble Post by: Betwrong on June 04, 2024, 10:19:32 AM If you are family man and you have kids to feed. Make sure that you allocate first to the basic needs, food, rent, bills, etc. And whatever is left there is the one where you're going to pull your funds off for gambling. So, let's say that you have $50-$100 remaining for every month, do you think that you're able to live with that amount as your bankroll for the entire month? I don't think that many will do but if you are having a tight budget then you have to deal and live with it. Yes. I know from my own experience that that is perfectly possible. My bankroll is often less than $100 and still I can be enjoying gambling with that. Honestly, it's hard to imagine how can you enjoy gambling making $20 bets with that bankroll, but making $0.20 bets with $50 bankroll you can be doing it a long time. At least one month you can. Just don't bet so many times in one day that it makes you be tired from it. Take enjoyment from your game. Make only 20-30 slot spins $0.10-$0.20 each, or several sports bets $1 each, but not more. And don't gamble every day, take some days off. Title: Re: How much of my salary should I use to gamble Post by: wxa7115 on June 05, 2024, 03:05:51 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Because of the risk involve in gambling I won't suggest the percentage you should use to gamble and secondly I don't know how much is your salary so what if I mentioned a percentage that your salary is not even up to lol..., Gambling is very riskty in the sense that it is very hard to win and this is the major reason why some people don't gamble cause they believe it's a waste of money, time and energy. However, there's no specific amount that is good to use and gamble rather you are to gamble with what you can afford to let go, amount that won't bother you or make you regret why you gamble so my advice to you is, try and use what you can afford to lose from your salary to gamble but note that, the smaller your money the smaller your winning and the higher the risk because when you use small amount you will like to pick big odds so the money will be big thereby putting yourself in higher risk of losing your money. Studies suggest that using 1% of our monthly income to gamble is the upward limit of what we should gamble, some may think that is an amount that is too low, but at least to me it is a reasonable amount, especially if we take into account we must save all the money that we can so we can invest it on bitcoin. Title: Re: How much of my salary should I use to gamble Post by: Cityhunter34 on June 05, 2024, 03:40:59 AM For me I think if I see a better game that I we play I we not mind using 10 to 20% my salary and play the game why because sometimes taking risk in gambling is very important because once you are not using a better amount in our gambling you we see that after the game we play you start blaming your self that why did I not use a huge amount on this particular game I think by now I would have won a huge amount of money, so that's why is always good as a gambler when you are placing a bet try to put better amount that we make happy when the game played.
Title: Re: How much of my salary should I use to gamble Post by: nullama on June 05, 2024, 01:41:46 PM For me I think if I see a better game that I we play I we not mind using 10 to 20% my salary and play the game why because sometimes taking risk in gambling is very important because once you are not using a better amount in our gambling you we see that after the game we play you start blaming your self that why did I not use a huge amount on this particular game I think by now I would have won a huge amount of money, so that's why is always good as a gambler when you are placing a bet try to put better amount that we make happy when the game played. The thing is that 10% or 20% is probably a lot different to a lot of people. First of all, is this pre or post tax, also, what if you just invest it all, you would be more richer anyway.... So, it really matter about how much money you are making so that you are comfortable wasting it all... Title: Re: How much of my salary should I use to gamble Post by: LUCKMCFLY on June 08, 2024, 06:00:48 PM For me I think if I see a better game that I we play I we not mind using 10 to 20% my salary and play the game why because sometimes taking risk in gambling is very important because once you are not using a better amount in our gambling you we see that after the game we play you start blaming your self that why did I not use a huge amount on this particular game I think by now I would have won a huge amount of money, so that's why is always good as a gambler when you are placing a bet try to put better amount that we make happy when the game played. The thing is that 10% or 20% is probably a lot different to a lot of people. First of all, is this pre or post tax, also, what if you just invest it all, you would be more richer anyway.... So, it really matter about how much money you are making so that you are comfortable wasting it all... I think the same too, if a person has a salary and expenses, they can't be the same for everyone, some have families, they have obligations that sometimes we can't imagine , some are alone and may not have more expenses, so if this is so, things change, but it also happens that you have to pay taxes and services, and in some countries the services are too expensive and this is noticeable, so Everything Changes, saying that a percentage should be allocated is very variable, sometimes in my case I don't have enough to spend even 1% in the casino, that's why every time I can play I make the most of it. Title: Re: How much of my salary should I use to gamble Post by: Cantsay on June 08, 2024, 06:14:41 PM For me I think if I see a better game that I we play I we not mind using 10 to 20% my salary and play the game why because sometimes taking risk in gambling is very important because once you are not using a better amount in our gambling you we see that after the game we play you start blaming your self that why did I not use a huge amount on this particular game I think by now I would have won a huge amount of money, so that's why is always good as a gambler when you are placing a bet try to put better amount that we make happy when the game played. 10% - 20% is a lot of money to risk in gambling. I know that sometimes it’s okay to take risks, but you should also remember that in gambling we should always play with what we can afford to lose - for someone who’s earning $1,000 I don’t think it’s wise for them to be putting $100 - $200 in their gambling account, remember that there are lots of things that needs to be done and taking that amount out from your pocket is not something I think they should be doing. 1% - 5% is more than enough for you, gambling should not be made into a means to earn money, if you find yourself thinking of ways to beat gambling system and make money from it then you should probably take a break from it as it is obvious that you’re prone to be addicted and still not realize it. Title: Re: How much of my salary should I use to gamble Post by: panjul07 on June 08, 2024, 06:27:44 PM For me I think if I see a better game that I we play I we not mind using 10 to 20% my salary and play the game why because sometimes taking risk in gambling is very important because once you are not using a better amount in our gambling you we see that after the game we play you start blaming your self that why did I not use a huge amount on this particular game I think by now I would have won a huge amount of money, so that's why is always good as a gambler when you are placing a bet try to put better amount that we make happy when the game played. 10% - 20% is a lot of money to risk in gambling. I know that sometimes it’s okay to take risks, but you should also remember that in gambling we should always play with what we can afford to lose - for someone who’s earning $1,000 I don’t think it’s wise for them to be putting $100 - $200 in their gambling account, remember that there are lots of things that needs to be done and taking that amount out from your pocket is not something I think they should be doing. 1% - 5% is more than enough for you, gambling should not be made into a means to earn money, if you find yourself thinking of ways to beat gambling system and make money from it then you should probably take a break from it as it is obvious that you’re prone to be addicted and still not realize it. I think I have to repeat my opinion, it is better not use percentage based on our salary to be spent on gambling but it should be any amount that will not affect our financial life. I would not even suggest 1%-5%, because 1%-5% can be something big if our salary is big while in fact it can be used for other important things first. For me, it is always better if we spend our salary for our monthly needs first then once all what we need to pay in the month is already done, we can spend few of the rest for gambling. All in all, if we use specific percentage based on our salary is like making gambling into something that we should care about every month. Title: Re: How much of my salary should I use to gamble Post by: danherbias07 on June 08, 2024, 06:44:34 PM For me I think if I see a better game that I we play I we not mind using 10 to 20% my salary and play the game why because sometimes taking risk in gambling is very important because once you are not using a better amount in our gambling you we see that after the game we play you start blaming your self that why did I not use a huge amount on this particular game I think by now I would have won a huge amount of money, so that's why is always good as a gambler when you are placing a bet try to put better amount that we make happy when the game played. Higher capital. I agree with that. You play slots with a $0.1 minimum with only $20 in your wallet and I bet you won't go anywhere. That's just two hundred losses and if you are unlucky then you might get there in just an hour or maybe less. I realized that when I kept on playing slots because the way I see it, the RTP won't just come in 10-100 rounds of bet. You will need to stay there for a long if you want to see something surprising. The system ain't giving it away just like that. For those who have experienced it in the early phase of their gambling, they are lucky. It could be anything, beginner's luck or just placing the bet at the right time. Title: Re: How much of my salary should I use to gamble Post by: Stable090 on June 08, 2024, 07:08:28 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work I don’t know if it’s only in my community, but I will say most of the youths in my community are now gamblers. After getting home from their work place and taking some rest, you will see most of them at gambling shops in the evening. Most of them are underpaid for the work they are doing, so they always gamble just to increase the money they have with them, even though most of them do end up losing money when gambling. so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? It’s not about percentage, what everyone earns is different, and the problem everyone is having to solve is different from each other. Just because other people are using a particular percentage doesn’t mean you are also going to follow them, you should gamble with the amount that won’t have any effect in case you lose it. Title: Re: How much of my salary should I use to gamble Post by: Cantsay on June 08, 2024, 07:10:08 PM I think I have to repeat my opinion, it is better not use percentage based on our salary to be spent on gambling but it should be any amount that will not affect our financial life. I would not even suggest 1%-5%, because 1%-5% can be something big if our salary is big while in fact it can be used for other important things first. Despite me using percentage in my post I don’t actually use it in real life senerio - I don’t even have a fixed amount, I usually make deposits based on what’s available and what I can afford to play at that moment. There are times when I feel like just playing and make deposits that not even up $2 and I’ll still enjoy the whole section. Title: Re: How much of my salary should I use to gamble Post by: erep on June 08, 2024, 07:28:45 PM I think I have to repeat my opinion, it is better not use percentage based on our salary to be spent on gambling but it should be any amount that will not affect our financial life. Maybe they suggest 1-5% of your salary because the normal budget allocation for gambling budget is according to your financial level, so if you lose that budget it will not affect the remaining salary that you use for other needs. But believe me for those who have a high salary will limit gambling based on percentages because they also like high stakes gambling, gambling under 50$ in bets may not be worth it for them chasing high winnings.I would not even suggest 1%-5%, because 1%-5% can be something big if our salary is big while in fact it can be used for other important things first. For me, it is always better if we spend our salary for our monthly needs first then once all what we need to pay in the month is already done, we can spend few of the rest for gambling. All in all, if we use specific percentage based on our salary is like making gambling into something that we should care about every month. However, there is no budget limit whatsoever for gambling except just the right advice from gamblers who attempt to remind other gamblers to be careful about gambling with high budgets. Get used to allocating the lowest budget for gambling and if your finances don't support it then don't force yourself to gamble because you are paying for your mandatory needs in your monthly budget. Title: Re: How much of my salary should I use to gamble Post by: BABY SHOES on June 08, 2024, 07:41:56 PM I think I have to repeat my opinion, it is better not use percentage based on our salary to be spent on gambling but it should be any amount that will not affect our financial life. This is exactly right.I would not even suggest 1%-5%, because 1%-5% can be something big if our salary is big while in fact it can be used for other important things first. For me, it is always better if we spend our salary for our monthly needs first then once all what we need to pay in the month is already done, we can spend few of the rest for gambling. All in all, if we use specific percentage based on our salary is like making gambling into something that we should care about every month. It's better to go to other things first - bills, shopping, savings, investments - if there's any left over, then you can gamble, so applying it like this won't cause any problems because everything is covered. I don't want when I receive a salary that is thought of or set aside for gambling even though it is only 1-5%, it is still a more important need than gambling, if if the payday money is only mediocre, there is no need to force it, there is still another time we gamble and get funds from other sources. Title: Re: How much of my salary should I use to gamble Post by: CryptoHeadlineNews on June 08, 2024, 08:52:46 PM I think I have to repeat my opinion, it is better not use percentage based on our salary to be spent on gambling but it should be any amount that will not affect our financial life. Though a percentage rate could be big if the person is earning a huge salary, it's still better better not to have a range at which you plan to use while gambling, because for me, I think its better to set aside certain percentage such as either 1-5%, but yet that doesn't mean you must use it all for gambling in that particular month, because though you may use almost all the money you budgeted, it doesn't mean every month you will use it all, as some months you may not use close to half of your budgeted amount if you are earning huge.I would not even suggest 1%-5%, because 1%-5% can be something big if our salary is big while in fact it can be used for other important things first. For me, it is always better if we spend our salary for our monthly needs first then once all what we need to pay in the month is already done, we can spend few of the rest for gambling. All in all, if we use specific percentage based on our salary is like making gambling into something that we should care about every month. Title: Re: How much of my salary should I use to gamble Post by: angrybirdy on June 09, 2024, 06:10:19 AM I think I have to repeat my opinion, it is better not use percentage based on our salary to be spent on gambling but it should be any amount that will not affect our financial life. Though a percentage rate could be big if the person is earning a huge salary, it's still better better not to have a range at which you plan to use while gambling, because for me, I think its better to set aside certain percentage such as either 1-5%, but yet that doesn't mean you must use it all for gambling in that particular month, because though you may use almost all the money you budgeted, it doesn't mean every month you will use it all, as some months you may not use close to half of your budgeted amount if you are earning huge.I would not even suggest 1%-5%, because 1%-5% can be something big if our salary is big while in fact it can be used for other important things first. For me, it is always better if we spend our salary for our monthly needs first then once all what we need to pay in the month is already done, we can spend few of the rest for gambling. All in all, if we use specific percentage based on our salary is like making gambling into something that we should care about every month. Well, it also depends on the person how the strategy he will do for that specific percentage that he can use in gambling, but that's why we give a percentage range is for people who have become their daily routine or hobby the gambling, because it will help a person to learn to follow the limit we have set for ourselves, so that we don't overspend on gambling and when we get used to such a set up, we learn to be more responsible with our gambling habits. Title: Re: How much of my salary should I use to gamble Post by: Belarge on June 09, 2024, 07:18:55 AM Despite me using percentage in my post I don’t actually use it in real life senerio - I don’t even have a fixed amount, I usually make deposits based on what’s available and what I can afford to play at that moment. There are times when I feel like just playing and make deposits that not even up $2 and I’ll still enjoy the whole section. Using fixed amount to gamble? Absolutely the plan to stay strong. We worked and toil tirelessly to earn a living and we can't just jeopardize our salaries for gambling except for those people that are gambling addicts. We should be very careful with the system because it doesn't always go as plan. We're different and we use the percentage that's convenient for us and not copying the style of others. The system comes with negative and positive results, just be ready accept the one that fall for us. Title: Re: How much of my salary should I use to gamble Post by: nullama on June 10, 2024, 11:38:57 AM ~snip~ Using fixed amount to gamble? Absolutely the plan to stay strong. We worked and toil tirelessly to earn a living and we can't just jeopardize our salaries for gambling except for those people that are gambling addicts. We should be very careful with the system because it doesn't always go as plan. We're different and we use the percentage that's convenient for us and not copying the style of others. The system comes with negative and positive results, just be ready accept the one that fall for us. Yeah, and it is a good reminder that the most probable scenario is that the casino will win all the money in the end. If you are OK with that, and have a good time with the money you spent, then I don't see any problem with gambling like that. The issue appears when people blindly waste all their money trying to become rich, and ironically end up poorer than before. Title: Re: How much of my salary should I use to gamble Post by: Weawant on June 10, 2024, 11:58:00 AM However, there is no budget limit whatsoever for gambling except just the right advice from gamblers who attempt to remind other gamblers to be careful about gambling with high budgets. Get used to allocating the lowest budget for gambling and if your finances don't support it then don't force yourself to gamble because you are paying for your mandatory needs in your monthly budget. Not having a budget limit is an unnecessary exposure of your funds which may eventually get you bankrupt if you are in the habit of continuing to gamble with almost every of your funds not putting to consideration the possibilities of getting bankrupt and the need for management of your funds properly. Most gamblers who have gambled without putting the consideration the fact thst their funds should be under control and not investing all that they have got into gambling have ended up most times loosing a huge fund they later regret.Gambling isn't a s shouldn't be for everyone, just like you rightly mentioned, if you find out that you are not able to comfortably gamble with that which you have got as your funds, then you should rather make sure you are not gamble and focus more on meeting your immediate needs as that will only be the best way out for you to not get all your funds down the drain in the casino. Gambling for the purpose of fun should not be don with funds that was supposed to be used for something else. Title: Re: How much of my salary should I use to gamble Post by: Sakanwa on June 10, 2024, 12:16:15 PM You can use any amount you feel like using,even if you want to use all,you can use all of them.Gambling is something we try which is not guaranteed for a particular result, especially in sport betting,where there is no sure odd.But what we do is try our luck,look at the analysis and check the the best team or the team that is more inform,and pick that team,in that case,we can assume that the team we pick will win, and stake on it with a better amount of money so that if it plays,we can gain more.
Some persons believe it is risky to use a huge amount,well I believe it is more risky when we bet on more odds with little amount, than a few odd with huge amount. Title: Re: How much of my salary should I use to gamble Post by: Dewi Aries on June 10, 2024, 01:01:17 PM The point is a small amount that you can really account for if in the end it turns out to be lost due to defeat, regardless of the amount you should or are advised to bet a small amount such as for example 1 - 5% of the total income you generate each month. The reason is clear that however in gambling there is not only a chance of winning but the possibility of losing will also always be a part that can never be separated in the record besides you can win but you can also lose which may be in a larger amount.
The benefit of course, when someone only bets a small amount in the sense of an amount that they can afford to lose then surely it is less likely for you to experience emotions and regret within yourself, because usually it is always emotions that lead and direct a gambler to various aggressive decisions and actions that can certainly harm themselves more like what gambling addicts do. This means that the benefits of only risking a small amount of your total salary can not only minimize the possible amount of losses but can also avoid the possibility of emotions. Title: Re: How much of my salary should I use to gamble Post by: o48o on June 10, 2024, 01:32:54 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Let me reframe that question so it can be answered at all. How much of your salary you can use after your mandatory expenses like rent, utility bills, food and travelling, gifts, hobbies, responsibilities, social interactions, and just spoiling yourself once in a while.How much after those you have and what you are using that money usually? If it's vices, then you can try and replace one or more vices with gambling, but make sure you understand what comes with that. Make sure that you budget it and stick with that budget. Are you planning to use the money you win also for gambling? Is it some sort of buffer money and you can gamble more when you make more by gambling? But i would spend about 1-2% of the money after all expenses i have. Saving for rainy day and investing money is important as well, as there always will be unforseen expenses and medical bills at some point. So it's better to have money ready for those then paying them up with interest later on when you have already budgeted that money. And gambling shouldn't be a realistic road to richness where you think that by spending more you make more, even if there's a change for that. Keep the percentage as low as you can, then after a while, you can revisit your budget and see if you are confortable raising it, or if you even need to do that. Title: Re: How much of my salary should I use to gamble Post by: Julien_Olynpic on June 10, 2024, 01:51:03 PM I believe there is no clear answer to this question. It all depends on a very large number of factors. And the most important factor is how experienced you are in gambling and whether you have a strategy that has proven its effectiveness over a long period of time and with large game statistics. For most players, it can be advisable to limit your bets to a few percent of your weekly or monthly income. However, you can also consider the fact that we sometimes play with saved and saved money. Some people save and save money not to invest it, but to invest it in games. It’s a pity to lose the saved money, but if you have a salary, then you will survive this loss.
Title: Re: How much of my salary should I use to gamble Post by: Dr.Bitcoin_Strange on June 10, 2024, 02:11:26 PM Despite me using percentage in my post I don’t actually use it in real life senerio - I don’t even have a fixed amount, I usually make deposits based on what’s available and what I can afford to play at that moment. There are times when I feel like just playing and make deposits that not even up $2 and I’ll still enjoy the whole section. Using fixed amount to gamble? Absolutely the plan to stay strong. We worked and toil tirelessly to earn a living and we can't just jeopardize our salaries for gambling except for those people that are gambling addicts. We should be very careful with the system because it doesn't always go as plan. We're different and we use the percentage that's convenient for us and not copying the style of others. The system comes with negative and positive results, just be ready accept the one that fall for us. We all treat gambling differently. If it's something you take very seriously, then the person can invest more funds into it, but if it's just something the person passes time with, then the amount to spend should also be under the average of what the person can spend on a bear or cigarettes without having two thoughts about it. Title: Re: How much of my salary should I use to gamble Post by: Zigabel on June 10, 2024, 02:19:22 PM Though a percentage rate could be big if the person is earning a huge salary, it's still better better not to have a range at which you plan to use while gambling, because for me, I think its better to set aside certain percentage such as either 1-5%, but yet that doesn't mean you must use it all for gambling in that particular month, because though you may use almost all the money you budgeted, it doesn't mean every month you will use it all, as some months you may not use close to half of your budgeted amount if you are earning huge. Some months you really get lucky a d you get to win often, you may not have to spend much on gambling, you may at some point even spend less than what you may have planned or intended to spend gambling because when you win you will just have to take from your profit to gamble again but if you are suffering losses, you may have to look into your gambling budget and try to stick to it and in other not to exhaust your funds gambling when you are not supposed, you just have to make sure you keep a certain percentage as it stands as the best measure to use if you want to be sure about your gambling budget been under control enough and not encroaching the budget ment for other things which happens not to be gambling and are important to you as a person. If you aren't keeping funds aside fr gambling in percentage, I doubt how you will be able to measure the extent and amount you need to be able to gamble well and maintain the proper range and amount you should spend gambling and not all that you had .Title: Re: How much of my salary should I use to gamble Post by: frnandoh on June 10, 2024, 02:30:30 PM Use 1%, so if you are really good as you are thinking, you will increase this 1% and make it to be 1000% of your salary.
Title: Re: How much of my salary should I use to gamble Post by: Jody.Drummer on June 10, 2024, 02:41:55 PM I think I have to repeat my opinion, it is better not use percentage based on our salary to be spent on gambling but it should be any amount that will not affect our financial life. Though a percentage rate could be big if the person is earning a huge salary, it's still better better not to have a range at which you plan to use while gambling, because for me, I think its better to set aside certain percentage such as either 1-5%, but yet that doesn't mean you must use it all for gambling in that particular month, because though you may use almost all the money you budgeted, it doesn't mean every month you will use it all, as some months you may not use close to half of your budgeted amount if you are earning huge.I would not even suggest 1%-5%, because 1%-5% can be something big if our salary is big while in fact it can be used for other important things first. For me, it is always better if we spend our salary for our monthly needs first then once all what we need to pay in the month is already done, we can spend few of the rest for gambling. All in all, if we use specific percentage based on our salary is like making gambling into something that we should care about every month. I would appreciate it if we could hold onto it with high commitment, because I also feel that many people end up exceeding the amount of money they allocated for gambling. I think this happens often, especially when they can't control themselves. Title: Re: How much of my salary should I use to gamble Post by: slapper on June 10, 2024, 02:48:00 PM However, there is no budget limit whatsoever for gambling except just the right advice from gamblers who attempt to remind other gamblers to be careful about gambling with high budgets. Get used to allocating the lowest budget for gambling and if your finances don't support it then don't force yourself to gamble because you are paying for your mandatory needs in your monthly budget. Not having a budget limit is an unnecessary exposure of your funds which may eventually get you bankrupt if you are in the habit of continuing to gamble with almost every of your funds not putting to consideration the possibilities of getting bankrupt and the need for management of your funds properly. Most gamblers who have gambled without putting the consideration the fact thst their funds should be under control and not investing all that they have got into gambling have ended up most times loosing a huge fund they later regret.Gambling isn't a s shouldn't be for everyone, just like you rightly mentioned, if you find out that you are not able to comfortably gamble with that which you have got as your funds, then you should rather make sure you are not gamble and focus more on meeting your immediate needs as that will only be the best way out for you to not get all your funds down the drain in the casino. Gambling for the purpose of fun should not be don with funds that was supposed to be used for something else. Title: Re: How much of my salary should I use to gamble Post by: mamesso on June 10, 2024, 03:03:30 PM ~Snip~ You're right about financial responsibility being a damn necessity. Blowing money without thinking is dangerous. Keep in mind that not all gamblers are losers. It's not about money or escaping reality for some. The adrenaline thrill, outsmarting opponents, and social aspect of the game are key. Consider high-stakes poker. Top gamers don't scatter chips. They calculate, research their opponents, and manage their bankroll like their lives rely on it. When to be safe and when to bet big. Responsible gamblers spend within their means and never gamble with money they can't afford to lose. Not abstinence, but moderation and self-awarenessTitle: Re: How much of my salary should I use to gamble Post by: LDL on June 10, 2024, 03:17:53 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? It will depend on your monthly expenses. If you can save some funds with your family support then you can gamble with some part of those saved funds. If you think that there will be no money left after supporting your family then you should refrain from gambling completely. In this case, you should not go to gamble by borrowing from others. If you have a high monthly salary, you can gamble part of your salary once a week or twice a month. But you can bet as much part of your salary as it will not be a problem, keeping in mind that your career and family should not have any problem.Title: Re: How much of my salary should I use to gamble Post by: Sim_card on June 10, 2024, 03:23:05 PM ~Snip~ You're right about financial responsibility being a damn necessity. Blowing money without thinking is dangerous. Keep in mind that not all gamblers are losers. It's not about money or escaping reality for some. The adrenaline thrill, outsmarting opponents, and social aspect of the game are key. Consider high-stakes poker. Top gamers don't scatter chips. They calculate, research their opponents, and manage their bankroll like their lives rely on it. When to be safe and when to bet big. Responsible gamblers spend within their means and never gamble with money they can't afford to lose. Not abstinence, but moderation and self-awarenessTitle: Re: How much of my salary should I use to gamble Post by: rachael9385 on June 10, 2024, 08:52:42 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? It will depend on your monthly expenses. If you can save some funds with your family support then you can gamble with some part of those saved funds. If you think that there will be no money left after supporting your family then you should refrain from gambling completely. In this case, you should not go to gamble by borrowing from others. If you have a high monthly salary, you can gamble part of your salary once a week or twice a month. But you can bet as much part of your salary as it will not be a problem, keeping in mind that your career and family should not have any problem.Title: Re: How much of my salary should I use to gamble Post by: Ojima-ojo on June 10, 2024, 10:18:40 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? Since I have realized that gambling with my salary is risky for my financial stability, I decide to either gamble with a little unnoticeable amount and not setting out any percentage of my income to gamble with, but sure thing is that gambling is for fun and for that reasons, I only gamble with an amount that I know I don't have any use for just like free cash flow.In recent time, a lot of employees have fallen into debt simply because they failed to separate the place of income and gambling, using salary to gamble is an abuse and a financial error since gambling is an uncertain activity you will lose all to it and that is why you should only use amount that you don't have any use for Title: Re: How much of my salary should I use to gamble Post by: Nwada001 on June 10, 2024, 10:45:45 PM In recent time, a lot of employees have fallen into debt simply because they failed to separate the place of income and gambling, using salary to gamble is an abuse and a financial error since gambling is an uncertain activity you will lose all to it and that is why you should only use amount that you don't have any use for People have lots their home, and some even lost their jobs due to reckless gambling activities. Why have some been able to maintain a peaceful environment yet they also gamble? It all depends on how the person treats gambling.If you are a salary earner and that's the only source of income the person has, that means all the money or expenses he is going to make will come from his salary. He can gamble with his salary, but as said above, it should be an unnoticeable amount that, when removed, won't affect his budget for the month. Title: Re: How much of my salary should I use to gamble Post by: klidex on June 11, 2024, 06:21:05 AM This is exactly right. This is the right solution for those who don't just think about gambling but think about more important needs first which must be met for one month before getting the next salary so that they set aside their salary to gamble when these important needs have been met, gamble when there is still some left. If there isn't, then there's no need to gamble, it won't be a problem because gambling is not an obligation for someone. Gambling is just a game to have fun. It's not a necessity. So if we have earned a salary, the thing we have to pay attention to first is basic needs first, then gambling.It's better to go to other things first - bills, shopping, savings, investments - if there's any left over, then you can gamble, so applying it like this won't cause any problems because everything is covered. I don't want when I receive a salary that is thought of or set aside for gambling even though it is only 1-5%, it is still a more important need than gambling, if if the payday money is only mediocre, there is no need to force it, there is still another time we gamble and get funds from other sources. If we set aside a percentage of our initial salary for gambling, even 1-5%, this is the same as obliging us to gamble every month and this is not a necessity for us if one day the remaining money is not enough to buy necessities then we will be in trouble if we have using the money that has been set aside for gambling, it is better to think about it later, not at the beginning. The most important thing is that whatever money is set aside does not affect your financial condition to meet your needs. Title: Re: How much of my salary should I use to gamble Post by: Hirose UK on June 11, 2024, 06:58:55 AM In recent time, a lot of employees have fallen into debt simply because they failed to separate the place of income and gambling, using salary to gamble is an abuse and a financial error since gambling is an uncertain activity you will lose all to it and that is why you should only use amount that you don't have any use for People have lots their home, and some even lost their jobs due to reckless gambling activities. Why have some been able to maintain a peaceful environment yet they also gamble? It all depends on how the person treats gambling.If you are a salary earner and that's the only source of income the person has, that means all the money or expenses he is going to make will come from his salary. He can gamble with his salary, but as said above, it should be an unnoticeable amount that, when removed, won't affect his budget for the month. But on the other hand, not all gamblers will continue to experience consecutive losses or even actually lose all their money because for those who can manage their money very well and with the right attitude, all of this can be minimized. If they only follow their passion and desire for gambling, gamblers will only continue to lose and lose, there is no chance for them to be able to maintain and have good financial stability. What is clear is that in order to make gambling an activity that is not priority, they must first fulfill all their living needs and only use the remaining money that is not used for gambling. This is good financial management and the possibility for gamblers to save more money on gambling and avoid trying to recover losses because they only gamble with relatively small amounts. Title: Re: How much of my salary should I use to gamble Post by: I_Anime on June 11, 2024, 07:15:01 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? It will depend on your monthly expenses. If you can save some funds with your family support then you can gamble with some part of those saved funds. If you think that there will be no money left after supporting your family then you should refrain from gambling completely. In this case, you should not go to gamble by borrowing from others. If you have a high monthly salary, you can gamble part of your salary once a week or twice a month. But you can bet as much part of your salary as it will not be a problem, keeping in mind that your career and family should not have any problem.That's a nice point mate , settling expenses first before thinking of the amount he or she can use to gamble and that's somehow related to using the amount of money one can easily risk. Because gambling something with no guarantees of either one is going to win , because in gambling is either one win or lose and base on stories have heard losses is more common than winning. So we should take care of our family needs first before considering the amount or the percentage of your earnings to use in gambling. Title: Re: How much of my salary should I use to gamble Post by: satscraper on June 11, 2024, 07:49:05 AM I would advocate OP to consult with his wife on the matter relevant to his salary and gambling. The part, used for gambling, should not impose any strain on family. For those families which have good reserve even 100% may be affordable, but some families may suffer even from penny lost. Thus, it depends...
Title: Re: How much of my salary should I use to gamble Post by: bakasabo on June 11, 2024, 08:14:56 AM I would suggest to remember and count all daily or weekly expenses a person does, make a list and mark which one of them are not very necessary or can be skipped. For example on the way to work, I can skip taking a coffee at the gas tank. Sometimes I can skip or replace lunch with a fruit. Those who smoke, can smoke less. Calculate all those available for skipping expenses and that will be your free money for gambling. Even if the amount isnt large, it will save gambler from spending to much on gambling, while still give chance to get portion of dopamine.
Title: Re: How much of my salary should I use to gamble Post by: Z_MBFM on June 11, 2024, 08:37:03 AM I would suggest to remember and count all daily or weekly expenses a person does, make a list and mark which one of them are not very necessary or can be skipped. For example on the way to work, I can skip taking a coffee at the gas tank. Sometimes I can skip or replace lunch with a fruit. Those who smoke, can smoke less. Calculate all those available for skipping expenses and that will be your free money for gambling. Even if the amount isnt large, it will save gambler from spending to much on gambling, while still give chance to get portion of dopamine. Gambling is a fun thing and we want to have fun only when our daily life is going well.always we work a lot to fulfill every need of our daily life. And gambling is to enjoy some fun with free time and idle money after completing the mandatory tasks of life. So how much money or what percentage of income we should spend on gambling depends on how much of our salary we need for our daily expenses and how much we have in spare money. But if someone is using gambling for income then it is his personal matter how much money he will use for gambling. But he should always remember that gambling never guarantees profit and it is a very dark worldTitle: Re: How much of my salary should I use to gamble Post by: Hazink on June 11, 2024, 09:40:56 AM I would advocate OP to consult with his wife on the matter relevant to his salary and gambling. The part, used for gambling, should not impose any strain on family. For those families which have good reserve even 100% may be affordable, but some families may suffer even from penny lost. Thus, it depends... Even without consulting the wife, as a man of the house, he should know the financial status of the house and know what they need, what should be spent, and what they shouldn't risk.If he has calculated all that and there is still some money left in the salary, he can still contact the wife for other needs, which might have also skipped his mind, and also not forget to leave emergency funds aside. If all that has been taken care of, there is still something left to gamble on. Title: Re: How much of my salary should I use to gamble Post by: Dewi Aries on June 11, 2024, 11:27:35 AM I would suggest to remember and count all daily or weekly expenses a person does, make a list and mark which one of them are not very necessary or can be skipped. For example on the way to work, I can skip taking a coffee at the gas tank. Sometimes I can skip or replace lunch with a fruit. Those who smoke, can smoke less. Calculate all those available for skipping expenses and that will be your free money for gambling. Even if the amount isnt large, it will save gambler from spending to much on gambling, while still give chance to get portion of dopamine. Gambling is a fun thing and we want to have fun only when our daily life is going well.always we work a lot to fulfill every need of our daily life. And gambling is to enjoy some fun with free time and idle money after completing the mandatory tasks of life. So how much money or what percentage of income we should spend on gambling depends on how much of our salary we need for our daily expenses and how much we have in spare money. But if someone is using gambling for income then it is his personal matter how much money he will use for gambling. But he should always remember that gambling never guarantees profit and it is a very dark worldAnd the above is also a reason why it is better for us to only make gambling as a place for entertainment to meet the needs of dopamine in the brain, I understand that there are still quite a lot of other activities without involving risks that can be done but everyone has freedom of choice so of course gambling is one of their choices, meaning that it is okay to engage in gambling as long as we can manage everything in balance, in the sense of gambling with full limits by only putting the intention to seek entertainment so that the allocation of money we bet is not excessive along with managing other things such as our daily needs that must be prioritized. Title: Re: How much of my salary should I use to gamble Post by: junder on June 11, 2024, 01:00:22 PM Absolutely, the most important things a gambler should do is to settle his family needs for the month before he can think of how much he or she could use from the remaining funds. When a gambler don't settle his expenses before he thinks of how much he could gamble from his salary, there's no guarantee that he could win and as he hasn't settled his monthly expenses, when he lose he could collect another money and gamble again. So it's important to settle the monthly expenses before thinking of how much you could gamble from the remaining money. Yep, that's the most important thing when we already have a job and can make money every month. When the results of a month's work have been paid and we receive that payment, what must be considered first is our basic needs, where these needs relate to the basic needs to survive for the next month, and pay bills for water, electricity, maybe home WiFi or something else. and when all the needs have been met and there is still money left, it can be used for things that are not too important, because in my opinion gambling is not very important and is not recommended to be something that is important or prioritized in life, I am sure everyone who has getting to know gambling knows the reasons why it is not recommended to make gambling a priority in life so I will not explain it, even with people who have never gambled I think they know the reasons about the bad effects of gambling.yes, that's true, there is no guarantee of being able to win by gambling and there is no definite way to win at gambling, although there are some people who believe and believe that the strategy they have can produce a win, but it is not a definite guarantee. Moreover, in my opinion, winning at gambling really depends on luck, even though they have good skills in gambling, I don't think they can possibly win with certainty. Bet with the money you have and have to use money that isn't really money for you. other needs. Don't force yourself to gamble, even if you think you want to improve your finances by gambling which can give you a win, it is not recommended. Title: Re: How much of my salary should I use to gamble Post by: moneystery on June 11, 2024, 01:24:57 PM .... I would appreciate it if we could hold onto it with high commitment, because I also feel that many people end up exceeding the amount of money they allocated for gambling. I think this happens often, especially when they can't control themselves. many gamblers think about how much they should gamble from their income each month, but they do not discuss how they can commit to their spending on gambling. because the most important thing in responsible gambling is how you can commit to your spending on gambling and not exceed what you have set that is the most important thing. because many gamblers only allocate their money, but sometimes they do not commit to what they have set and gamble more than that because they are carried away by the excitement. Title: Re: How much of my salary should I use to gamble Post by: Obim34 on June 11, 2024, 01:39:27 PM I would suggest to remember and count all daily or weekly expenses a person does, make a list and mark which one of them are not very necessary or can be skipped. For example on the way to work, I can skip taking a coffee at the gas tank. Sometimes I can skip or replace lunch with a fruit. Those who smoke, can smoke less. Calculate all those available for skipping expenses and that will be your free money for gambling. Even if the amount isnt large, it will save gambler from spending to much on gambling, while still give chance to get portion of dopamine. Gambling is a fun thing and we want to have fun only when our daily life is going well.always we work a lot to fulfill every need of our daily life. And gambling is to enjoy some fun with free time and idle money after completing the mandatory tasks of life. So how much money or what percentage of income we should spend on gambling depends on how much of our salary we need for our daily expenses and how much we have in spare money. But if someone is using gambling for income then it is his personal matter how much money he will use for gambling. But he should always remember that gambling never guarantees profit and it is a very dark worldTitle: Re: How much of my salary should I use to gamble Post by: karabiber on June 11, 2024, 04:55:55 PM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? It will depend on your monthly expenses. If you can save some funds with your family support then you can gamble with some part of those saved funds. If you think that there will be no money left after supporting your family then you should refrain from gambling completely. In this case, you should not go to gamble by borrowing from others. If you have a high monthly salary, you can gamble part of your salary once a week or twice a month. But you can bet as much part of your salary as it will not be a problem, keeping in mind that your career and family should not have any problem.From what I have observed, the vast majority of gamblers gamble to get richer and live in better conditions. Most of the lives shown on social media are fake, but when people see people with better conditions on social media, they become unhappy. For this reason, they are looking for the shortest way to make money. If you explain to a gambler that he should not gamble with the last of his money, the gambler will not understand. If a person with a dependent family is financially unable, they may gamble with the last of their money. This of course has undesirable consequences, but we cannot tell gamblers that their next step will lead to bad consequences. Most of the advice given to gamblers is empty. Because the gambler will continue to gamble even after he runs out of money. Title: Re: How much of my salary should I use to gamble Post by: Betwrong on June 12, 2024, 08:50:08 AM ~ Despite me using percentage in my post I don’t actually use it in real life senerio - I don’t even have a fixed amount, I usually make deposits based on what’s available and what I can afford to play at that moment. There are times when I feel like just playing and make deposits that not even up $2 and I’ll still enjoy the whole section. To be honest, even being a proponent of small deposits, I think $2 deposit is unbelievably small, especially these days when you have to pay $2 as a transaction fee. Maybe it was a typo and you meant $20? Because this is, like, the smallest deposit I can imagine these days. Anyway, if your deposit is small and you still enjoy the session, I admire you. That's what every gambler should be striving for. Title: Re: How much of my salary should I use to gamble Post by: bakasabo on June 12, 2024, 09:10:26 AM ~ Despite me using percentage in my post I don’t actually use it in real life senerio - I don’t even have a fixed amount, I usually make deposits based on what’s available and what I can afford to play at that moment. There are times when I feel like just playing and make deposits that not even up $2 and I’ll still enjoy the whole section. To be honest, even being a proponent of small deposits, I think $2 deposit is unbelievably small, especially these days when you have to pay $2 as a transaction fee. Maybe it was a typo and you meant $20? Because this is, like, the smallest deposit I can imagine these days. Anyway, if your deposit is small and you still enjoy the session, I admire you. That's what every gambler should be striving for. To bad thata Cantsay did not mention any blockchain, because it might cost only few cents to deposit $2 on Polygon. What I like about crypto casinos, that when for IRL $2 is almost nothing in many countries (2 small bottles of water), in crypto you can bet almost any amount of it. 0.00000001 USDT bet is still a bet. Of course the amount won will be appropriate small, but with such approach, $2 will be enough to gamble for a very long period. Of course it is impossible to become a millionaire with $2 gambling balance, but it is possible to turn $2 into $20 during one session. Title: Re: How much of my salary should I use to gamble Post by: danherbias07 on June 12, 2024, 09:43:21 AM I would suggest to remember and count all daily or weekly expenses a person does, make a list and mark which one of them are not very necessary or can be skipped. For example on the way to work, I can skip taking a coffee at the gas tank. Sometimes I can skip or replace lunch with a fruit. Those who smoke, can smoke less. Calculate all those available for skipping expenses and that will be your free money for gambling. Even if the amount isnt large, it will save gambler from spending to much on gambling, while still give chance to get portion of dopamine. That's a good strategy and I think that can work especially for those who really like to gamble but do not have sufficient money to provide for their gambling needs.Lessen the expenses which are not really needed. Another good example is why we should be buying a popular coffee when we can really buy a whole bunch of coffee beans for a cheap price and we can do it ourselves at home. I do that and it's actually cheaper plus you can control the sugar that you want so you won't be diabetic or fat. Another way is not to buy unnecessary things. I've learned my lesson in the past and I have lots of things at home now that are not used because they aren't really needed. I could've saved more money if I didn't bought all of those. Title: Re: How much of my salary should I use to gamble Post by: hedgeh0g on June 12, 2024, 09:51:23 AM I prefer to spend non-fixed amounts and therefore they differ every month. It all depends on what kind of tournament or championship is taking place in a particular month. If there is a championship that I like the most, then I can bet about half of my salary on the games in it, so I will be absorbed by the interest. But when it ends, I will most likely skip the next month and not make a single bet, for me this is normal. I understand that some people are ready to bet every day, but this story is not about me, I’d rather bet less often, but more, because I’m not impressed by small winnings.
Title: Re: How much of my salary should I use to gamble Post by: Cantsay on June 12, 2024, 10:01:51 AM ~ Despite me using percentage in my post I don’t actually use it in real life senerio - I don’t even have a fixed amount, I usually make deposits based on what’s available and what I can afford to play at that moment. There are times when I feel like just playing and make deposits that not even up $2 and I’ll still enjoy the whole section. To be honest, even being a proponent of small deposits, I think $2 deposit is unbelievably small, especially these days when you have to pay $2 as a transaction fee. Maybe it was a typo and you meant $20? Because this is, like, the smallest deposit I can imagine these days. Anyway, if your deposit is small and you still enjoy the session, I admire you. That's what every gambler should be striving for. I don’t deposit such amount through crypto - bcgame allows deposits through fiat so when I get a bet code from a group or friend and I know that it has some good predictions I tend to make such low deposits (when my account is zero) and stake on the game - as a bettor you know that risking large amount on a parlay that has more than +10 games is not a wise thing to do and thus the reason for that little deposits. Sometimes I still deposit large amount and still use just that one from it, but the issue is that I’ll have this urge to go back and gamble with the rest of the money left in the account. Title: Re: How much of my salary should I use to gamble Post by: Cryptmuster on June 12, 2024, 10:24:13 AM I don’t deposit such amount through crypto - bcgame allows deposits through fiat so when I get a bet code from a group or friend and I know that it has some good predictions I tend to make such low deposits (when my account is zero) and stake on the game - as a bettor you know that risking large amount on a parlay that has more than +10 games is not a wise thing to do and thus the reason for that little deposits. Sometimes I still deposit large amount and still use just that one from it, but the issue is that I’ll have this urge to go back and gamble with the rest of the money left in the account. Is there any point in such big multi-bets, how often do you win? It may be better to bet a little more but reduce the number of events in a multibet to 2-3, I think this is more reasonable in terms of the risk-to-reward ratio. But maybe everyone has their own strategy, someone is ready to endure many defeats in anticipation of a big victory, although with a small bet the winnings will not be so noticeable. Title: Re: How much of my salary should I use to gamble Post by: bubilas on June 12, 2024, 10:28:49 AM I don’t deposit such amount through crypto - bcgame allows deposits through fiat so when I get a bet code from a group or friend and I know that it has some good predictions I tend to make such low deposits (when my account is zero) and stake on the game - as a bettor you know that risking large amount on a parlay that has more than +10 games is not a wise thing to do and thus the reason for that little deposits. Sometimes I still deposit large amount and still use just that one from it, but the issue is that I’ll have this urge to go back and gamble with the rest of the money left in the account. Is there any point in such big multi-bets, how often do you win? It may be better to bet a little more but reduce the number of events in a multibet to 2-3, I think this is more reasonable in terms of the risk-to-reward ratio. But maybe everyone has their own strategy, someone is ready to endure many defeats in anticipation of a big victory, although with a small bet the winnings will not be so noticeable. An absolutely correct remark, because if you bet on express trains, then the chance of winning is very small, even if the winnings will be very large. It's better to make a lot of small bets that will bring you a loss or a profit, but this guy will have at least some kind of win. I understand that the express will win sooner or later, even according to the theory of probability, but for this you need to have a very large deposit that will allow you to play over and over again. Title: Re: How much of my salary should I use to gamble Post by: rodskee on June 12, 2024, 10:45:29 AM Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble? with this thread are you really willing to listen to us? because you seems to not updating here what had happened here ?but if you are going to listen ? then at least 10-20% of your weekly or monthly salary must be spend nothing more. because if you will try adding more each time you lose? then that will bring you more on addiction than enjoyment. Title: Re: How much of my salary should I use to gamble Post by: AnonBitCoiner on June 12, 2024, 10:47:52 AM Even without consulting the wife, as a man of the house, he should know the financial status of the house and know what they need, what should be spent, and what they shouldn't risk. If he has calculated all that and there is still some money left in the salary, he can still contact the wife for other needs, which might have also skipped his mind, and also not forget to leave emergency funds aside. If all that has been taken care of, there is still something left to gamble on. First a person should fulfil his responsibilities and look towards the expenses of a home if they are easily manageable then he can utilize some part of money for other things which are not a compulsory part of life. But if there is a hazardous situation and one cannot fulfil the requirements of a home then I think he should avoid activities like gambling because it will not give him money but will put him in a more hazardous life. Some people are here who do not have enough money so they move towards gambling and the reason behind their participation in gambling is to make lots of money that makes their life easy but thoughts like this are very bad and nobody should think like this. Title: Re: How much of my salary should I use to gamble Post by: traderethereum on June 12, 2024, 11:12:11 AM ~ Despite me using percentage in my post I don’t actually use it in real life senerio - I don’t even have a fixed amount, I usually make deposits based on what’s available and what I can afford to play at that moment. There are times when I feel like just playing and make deposits that not even up $2 and I’ll still enjoy the whole section. To be honest, even being a proponent of small deposits, I think $2 deposit is unbelievably small, especially these days when you have to pay $2 as a transaction fee. Maybe it was a typo and you meant $20? Because this is, like, the smallest deposit I can imagine these days. Anyway, if your deposit is small and you still enjoy the session, I admire you. That's what every gambler should be striving for. Only use $2 is better for him because some slot games have a minimal bet $0.1 so he can play for some rounds. He can play other gambling games too with $2 which will helps him to limits his lose. But if your salary is not too big, we can suggest him to have a strict control to limits his funds to be used for playing gambling. He must not use too much money to playing gambling from his salary because he must fills his daily needs as his main things for his life. Title: Re: How much of my salary should I use to gamble Post by: HONDACD125 on June 12, 2024, 12:03:59 PM To be honest, even being a proponent of small deposits, I think $2 deposit is unbelievably small, especially these days when you have to pay $2 as a transaction fee. Maybe it was a typo and you meant $20? Because this is, like, the smallest deposit I can imagine these days. Anyway, if your deposit is small and you still enjoy the session, I admire you. That's what every gambler should be striving for. It's probably a mistake, and if it's not, I assume the guy is making deposits and withdrawals using a cryptocurrency that charges extremely low amounts as transaction fees because you can't use cryptocurrencies such as Bitcoin or USDT for making a $2 deposit because it wouldn't even cover the fees for a Bitcoin transaction and it will be $1 getting deposited if done using USDT. I also wonder what casino allows deposits as low as $2 because they would usually have a minimum deposit amount and you can deposit anything below that range. It's good for small level gamblers if a casino has no minimum limit when it comes to deposits so that someone can deposit as much as they want or can without having any problems, it's also good for trying out a specific game or something with a small amount first. Title: Re: How much of my salary should I use to gamble Post by: junder on June 12, 2024, 02:29:25 PM First a person should fulfil his responsibilities and look towards the expenses of a home if they are easily manageable then he can utilize some part of money for other things which are not a compulsory part of life. But if there is a hazardous situation and one cannot fulfil the requirements of a home then I think he should avoid activities like gambling because it will not give him money but will put him in a more hazardous life. It is true, we must be better able to fulfill the responsibilities that we should fulfill and consider every expense we make. Of course, when we have a family, we have to be able to see that the family's needs are more important than anything else. Don't let us prioritize other things to the point that needs or things that should be responsibilities are ignored. expenses must be managed well, unfortunately in my opinion there are still people who already have jobs but they cannot manage their expenses or finances well so they often have financial problems. one of them is by spending money on gambling and prioritizing gambling over basic needs, of course this is the wrong action, because the money you have can run out with just one gambling.Some people are here who do not have enough money so they move towards gambling and the reason behind their participation in gambling is to make lots of money that makes their life easy but thoughts like this are very bad and nobody should think like this. Indeed, there are quite a few people who gamble with the aim of making money, in the hope that the gambling they do can make money and help with their financial problems, but instead of wanting to improve the situation, it actually makes things more difficult, not to mention they will become addicted to gambling, which This can make them addicted and make it difficult to get out of their gambling addiction. Title: Re: How much of my salary should I use to gamble Post by: adpinbr on June 12, 2024, 03:21:08 PM If I am to advise on the percentage of your salary you should use a gambling, I will tell you to use only 5% of your salary in gambling because it's not what you can really trust so much and it's just a game of luck sometimes you lose because you are not 100% chance so that is why you need to use the maximum of 5% minimum of 1% of your salary to avoid stories and problems that comes out, after you have lost if you don't take a good strategy on gambling very well and the most and different part of it to avoid issues you have to learn to see videos online,that is how I feel it is supposed to be having with and also doing the most important to use the 5% of your salary in gambling
Title: Re: How much of my salary should I use to gamble Post by: Dewi Aries on June 12, 2024, 03:29:58 PM ~ Despite me using percentage in my post I don’t actually use it in real life senerio - I don’t even have a fixed amount, I usually make deposits based on what’s available and what I can afford to play at that moment. There are times when I feel like just playing and make deposits that not even up $2 and I’ll still enjoy the whole section. To be honest, even being a proponent of small deposits, I think $2 deposit is unbelievably small, especially these days when you have to pay $2 as a transaction fee. Maybe it was a typo and you meant $20? Because this is, like, the smallest deposit I can imagine these days. Anyway, if your deposit is small and you still enjoy the session, I admire you. That's what every gambler should be striving for. So I don't think there is anything wrong with that amount if we convert it back to the currency of each country - especially those that are worth much less than the dollar. And actually in gambling anything can happen, meaning that even if for example you gamble with a really small amount where maybe with that amount you can only press a few times the button to start but there is nothing impossible that when luck comes at the right time then of course the amount of balance available in your casino wallet will definitely increase which indirectly it can increase your betting time to be longer especially if you bet with a minimum multiplier especially in game types such as slots which are now quite popular. |