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This post was a little misconception of a fellow user on this section saying that is not a good advise to allocate specific amount to gamble from our monthly income, that is good to gamble with spare money or money not in used.

Okay I was mean to ask this question towards people over here to know and draw different overview from you all to know whether you always have spare fund or money not in use? As a matter of fact I don't have spare money or money not in use and every money is useful to me therefore I have to set some specific amount from my income to use and gamble to maintain a responsible gambling practice and when this money is exhausted I don't go further to alter any other money kept as reserved or cushion/emergency fund otherwise could leads to gambling addiction.

To summarized here; whenever you are gambling with spare money if you don't apply cautiousness you would end up altering your savings in the name of gambling with spare cash or money not in use for other important things. Although if the person is gambling for fun it does matter because any amount wasted is always counted even though you sees it as peanut at least it's a minus (-) to the loser and to their bank account.

I will like to see your different opinion on this misconception maybe let us know how to control gambling addiction if by using spare cash can reduce and limits gambling addiction or not. You can continue the discussion over here (https://bitcointalk.org/index.php?topic=5501023.msg64264885#msg64264885) if you have made your vote and give your opinion

The percentage set is based on Individuals and how much cash flow they have access to, i think setting something around 1% to 5% is some what OK as amount you keep for gambling within a certain period of time and also as for wether it is good to set a percentage on the amount you gamble with is because to avoid over spending while gambling you need such limits to guide you through.

Lastly if you check majority of those that run into debt or even become addicts are those within the cycle of unregulated gambling habits, so for one to stay safe from all of the negative experiences in gambling there must the a limit of what you gamble with.

The money that you are assigning to gambling every month from your income is known as spare money because you can afford to lose it. It is not compulsory that you must assign money to gambling. If you are gambling occasionally, when you want to gamble you can use any amount of money that will not affect your emotions when you lose it. However, if you are the type of gambler that gambles daily or weekly, it is good that you have a gambling budget to help control your gambling activities to limit running at great loss and addiction.

I use 2% of my weekly income to gamble. It is the same in percentage if you calculate it in month but higher 4 times or slightly more in amount. Sometimes I go up to 5% if I really wish to gamble more. I can not go more than 5%.

I think 1% is good for people but getting less than that would be very little for me.

Location of amount is when you don't want to start gambling out of your budget because there are some people who love to monitor and take account of their amount that is going out of their pocket mostly. When gambling for fun it makes it less worrisome than just gambling without control and culture, a responsible gambler minds the amount they gamble with be it free money spare money there must be a reason for all money that is used to gamble because lot of people needs to know where there money is entering. Like for me I don't gamble continually when there is no spare fund with me I wait till I have money this way it's hard for me to easily becomes gambling addiction.

I voted 1-5% as I feel that anything within that amount is fine to be invested into gambling and if everything work out fine, that small amount can even generate far more than the total income. Secondly, that percentage is definitely less that the taxes paid in any country that I know of, so I will not call it being over-invested into gambling. The only challenge will be the ability of the gambler to maintain that amount because it is easy to make rules in gambling, keeping those rules is the major problem many gamblers face.

I no longer support the idea of having a fixed percentage; for me I just want to gamble so i might even go as low as 0.001% of my income or even lower and sometimes I can go as high as 4% or even higher it all depends on my goal, whether I want to go for a long play or just want to make parlay bets or few slots spins.

There are some people who make a large amount on a weekly basis, and if they start allocating percentages, you'll see that they'll end up spending more on gambling. Also, it's important to note that gambling is not something that is meant to be done every day, so the idea of using a fixed percentage makes it look like its now a mandatory thing to do.

The most important thing is not about what percentage of your budget you can get as a gambling budget, but having a budget limit is more important. Each gambler has their own budget strength and they must be able to limit their budget for gambling so that they do not immediately experience negative financial impacts. If it has to be a percentage, 1% to 5% depending on financial strength is enough as a gambling budget, but one can have more than that too.

I don't have a specific percentage, but I just limit myself and my budget to gambling as small as possible. Gambling isn't a regular activity for me every day, so I don't think much about how much I can spend when I really want to gamble. Having a budget limit on gambling is advisable, so I think it's much more important than arguing over the percentages.

It all depends on what percentage of each person's income is, I may only provide 0.9-1% for gambling.
It depends on what the purpose of the gambling is, the gambling I do is only for entertainment and does not push myself too much to get big wins.

Playing with 1% of the income is more than enough for just entertainment.
I will use the amount allocated to a minimum, play in some games and if there is a win it will go to other games.

Everyone has their own goals on gambling, so it's not the same how much they need for gambling.
But if someone is too addicted, they will put in all the money they have and bet with all that money, which is not good.

I see spare cash as the money at your disposal after you have set aside funds that will be enough to cover your needs and savings until your next paycheck comes. A few years ago I used to have spare cash after I had taken care of my monthly budget. This extra bucks can be easily entertainment such as gambling and hanging out with friends in bars sharing few bottles of beer. But the bad economic condition that my country is facing have made survival very difficult.

Now my income is not even enough to cover my monthly needs. In this kind of condition, a gambling budget or plan is compulsory to avoid betting with what one cannot afford to to lose. I usually allocate some insignificant amount of my budget to gambling because it is one of my major source entertainment. Another reason why I still gambling regardless of the fact that having spare cash is difficult is because it bring some financial reward when I am lucky to win. There is no reason to doubt that having a gambling budget can help reduce the possibility of becoming a gambling addict.

Weather using a specific amount of your monthly income or using a spare money, for me, what I always advise people as the ultimate rule for gamblers is to always gamble with the amount of money you can always afford to lose. Because if the spare money or certain percentage of your salary which you claim to use is not what you can always afford to lose, then such gambler is still likely to go bankrupt if he choose any of them without the application of this ultimate principle of gambling. Because just as our income and individual gambling desire varies, so will the amount people are willing to gamble with or lose also varies too. Hence, I will also like to correct the phrase about the money said to be "Not in used", because on the contrary, there is no money in the world that is not in used, as it's either the need for it hasn't arise yet or kept for other purpose.

It should depend on the individual, whether in percentage or in spare funds the whole idea we are trying to capture is restraining from over or misuse of funds that supposed to serve for a more reasonable purpose now diverted into gambling.

If the gambler finds using percentage to limit him self from exceeding gambling budget then it's a good innovative, I fall under those who don't bother about percentage measures, after calculating my weekly or monthly budget, having my reserved/emergency funds kept aside, then I can decide whether to gamble, go out for some drinks and since it's kinda spare funds i feel more relaxed while gambling.

Yes, and you want to know some fun facts?

The first casino who have a feature including the resource income is (Stake). Check these out: https://stake.ac/responsible-gambling/calculator on there you have (Budget Calculator). You can set up based on your monthly income, and you can also limit your based on (Lose/Win) on https://stake.ac/responsible-gambling/gambling-limits.

Usually casino only have (Self Excluded) on their site for Responsible Gambling.

The real truth or fact is that the majority of people that are into gambling don't actually always have that spare of funds to use, however there are times we have excess of funds coming in compared to what we usually have, So this is the time I normally spare part of this money into my gambling portfolio and regardless if we use spare money or allocate some percentage of funds from our income/earning,  applying cautiousness is indeed necessary, else we might be tempted into touching the money which we aren't meant to use for gambling.

Allocating specific amount of budget while gambling is important because it can avoiding people to gets huge lost and being addicted besides that in my opinion gambling with the money we can afford to lose can lead people to more enjoyed about their gambling activities and feel the real entertainment of gambling because if they lost then it wouldn't be a big deal for them and i personally using this method to control myself in gambling

But i have to admitted that sometimes i personally didn't discipline to using this method because when lost sometimes i was very curious want to reversing my lost and using more money than budget limit i have set however i am not a gambler who had a habit can spend a lot of money so i have limited budget to gamble and usually everytime i starting togamble i was only used less than 2% from my monthly income

Thank you for sharing this stake features that calculate how much and what someone can gamble with aside from the popular self exclusion which seems to be the most popular feature among casinos, gambling should be based in all form of responsibility and not just that it should be done with little amount of money.


Since gambling is a game of either win or lose all, it is very important to make sure that we gambler with amount of money that we can easily let go of if we lose which we will eventually lose unless with high luck.

I gamble with 1-2% of my income regularly, sometimes smaller than that if I win. When I win, I set some percentage of it to gamble while withdrawing the rest, at points when I get good runs I may not deposit to my accounts for a couple of weeks.

Anyone not budgeting their gambling capital should start doing that to not lose too much without being aware of it.

- Jay -

Both are good to be honest. It all comes down to your control as a gambler, whether you've got spare money or allotted budget on it from whichever source you have.

But if you can't control yourself from doing it, you're going to lose them all however you want. That's why the source of your gambling fund might matter but in the end, what matters most is on how you react by having that budget.

Because if you're not too good in budgeting and controlling yourself of spending them, spare or not, you'll easily lose it all.

If you do not have extra money for a gambling activity then why gamble?  This is actually an act of irresponsible gambling.  Since you don't have extra money and the money you spending for gambling is actually allocated to something more important then you might get a fund deficit and eventually have to borrow money to fill that missing fund.

Percent to spend on gambling is pointed to the percent of the spare money you have.  But if you have an allocation of your income to entertainment and used it to gamble then I think it is fine since gambling is one form of entertainment.


When it comes to a fund that is already allocated to something else, spending a percentage of it to gambling is being irresponsible, IMHO.  Just gamble what we can afford to lose but make sure it is not allocated to something else.  If it is free money then learning bankroll management is the best way to maximize our allocated fund for gambling.  I also agree to allocate a percentage of the free money to gambling and not spend it in one go.  Moderating our gambling funds and activity is one way of gambling responsibly.

I don't have any spare funds but what I do is save some money from my monthly income. The amount of money I can live without is not much. I can think of this as additional funding. Because most have to collect money from a fixed income. They save private funds from their savings. You make a good point indeed people with extra funds are more likely to be addicted to gambling. Although I set aside a certain amount of money on a monthly basis, it is a part of my income that I save. If I lose that money I depend on next month's income. Those who have extra money or financial freedom to gamble tend to have higher rates of addiction as well.

When it comes on assigning a % of money in every month for me to gamble is something that i wont really be doing. Why? It would really be more worth that with those percentages
you could really that make use in other means or purposes on which it is really that more important rather than on putting it on leisure thing.Although it wont really be that bad into such consideration
or would really be just that depending on a certain individual on how they would really be making out such thing about making up some budget or really that obliging themselves on which this one would really be
that situational since this isnt something that will really be that important specially in talking about leisure stuffs since gambling is really just that only on a few things.

Making up some budget or allocation on monthly basis towards gambling isnt really something that i would really be that wanting on which it would really be just that totally
a random thing for me on the moment that i do feel like on trying out to play gambling which it would really be that situational.

You're contradicting yourself where!
You said you have no money to spare then you say you don't want to touch money kept in reserve, so which one is it?

He was right, you don't gamble with money you can't afford to lose, setting a budget of 10% of your income for gambling when you're at your limit and you would need that 10% for something else is a thing I don't recommend anyone doing, if at the end of the month for a whole year you're left with 20% of your income without cutting any expenses, then yeah, you can play with a part of that money as if they weren't there anyhow but else, no!

Thank you for bringing this up. When I first saw the notification, I was like urrgh another topic that has already been discussed but I must confess that I got disappointed when I read the whole thing. I like your own perspective added to it.

In my own estimation, I would add to the discussion by mentioning that there is no hard or fast rule to it. Each person should do whatever they feel makes them comfortable. Besides I strongly feel that even if a person allocates a specific amount for gambling and person B just gambles with spare cash, it doesn't mean that person A will not because a gambling addict. It is all about self discipline.

I advocate for having a set out amount but I will say again do whatever one you are comfortable with.

I have some percent of amount that I do allocate for gambling weekly, but sometimes I do decide to increase my allocation, and I also reduce it sometimes depending on the financial problems that am having at that particular period of time. But immediately I use up the amount that I allocate for gambling. I will never deposit more money to gamble, and even when I am bored, I will rather get something else to do than gamble because I already used up my allocation for that week.
 
If I can deposit more money, then I am already breaking the rules that I set for myself, which doesn’t make sense, so if my limit is reached, I will stop gambling no matter the condition.

The same way I don't allocate a certain amount of money from my earnings for bears and other recreation events I participate in, that's the same way I don't allocate any single percentage to gambling; it's all based on what one wants individually. As long as I can foot those bills without affecting my expenses, it's all good. 
 
For the record, no money is a waste, like some people put it, because they use money they are not using. Rather, I can easily say that the that the money I can afford to spend on gambling is my pocket money, those extra cash I go out with in case I need anything.

It depends on  the amount gamblers use in playing out from their salary that may look it to be bad. Some one that is earning salary and decide to take out about 1% or 2 to gamble out of the salary to me is not bad to me. What I think is that this can be bad for some people based on the amount they collect from their salary to gamble,  this amount can be something that they can't be afford to lose. For those who can use a portion of their salary to play gamble and they won't be affected I don't think it is a bad thing.

One thing about gambling is that you can choose to play the way you like but it shouldn't affect you financially, or emotionally,  this just the most important thing gamblers needs to take note no matter how they want to take gambling.

Okay lemme break it down, if you keep saying that we should only use spare money to gamble this implies that money that you aren't planning for anything or tag to something important right? Good!
But if you allocate money to gamble from your monthly income it shows that is the amount you can risk to spend or lose, and if the amount is being exhausted meaning you don't have to gamble anymore till that particular allocation is being refilled again to continue gamble, in all, that is the amount someone can actually risk to lose, therefore anything more that is not welcomed and is subjected to irresponsible gambling. So tell me where do I contradicts the whole thing sir?
we are all learning everyday and if there is any place I wasn't getting correctly then we could break it down.

Keeping a specific amount to gamble in order not to spend more than your budget that can get you addicted to gambling is the best because, no matter what, having a budget will never let you down or make you have enough to gamble, so this can be a simple strategy for not only those that are addicted to gambling but also those that are not yet addicted. 
 
Why I said that is because when you have enough money to gamble without having a budget or a specific amount kept for the gambling, that is what will trigger you to continue playing the game, and with that, you will start getting addicted to gambling without even knowing it, and that will be so hard for you to stop. because no matter what method you use, you go out of addiction because you keep a certain amount to gambling. 

Of course we have to determine the allocation of funds used for gambling, because if not, it will be quite difficult for us to be able to manage gambling activities well, because we will never know for sure about the amount of losses experienced and it could be because we do not apply a maximum budget limit for gambling, without us realizing that we have lost a lot of money in gambling and in fact it almost exceeds half of the income we get.

However, so that gambling activities can be controlled and managed well, we must determine the amount of funds allocated for gambling. And 5% of the income we have, that's a pretty big amount. However, apart from that, gambling is a desire, not an obligation. So before you allocate a budget of 5% of your income for gambling, before you budget it, fulfill your needs first, including the savings and investments you have. And after that, then you budget the 5%. However, if in reality the income you have is not enough to meet your needs as well as your savings and investments, then get rid of your desire to gamble. Because gambling is not a place to make a profit or multiply the money you have.

Allocating budget certainly will assist you on how to manage your expenses, and not go beyond your limits. That is, if you are strict to yourself and not follow your desires if you still want to play outside your budget. In most cases, gamblers exceed their limits because once their allotted bankroll has been depleted, they tend to deposit more, in order to recover their losses. It is no surprise if they will do such move. Now, it is up to you how you will stop yourself from doing the same act.

In my case, it is a big help because like it or not, you won't stop playing if you will not be hard on yourself. I usually set the max losses that I can afford. If I reached that amount, I stop no matter what is in front of me. I already learned my lessons in gambling.

The contradictions are in your own phrase, I highlighted it for you!
So you don't have spare money but you have a cushion fund which....is reserve money!


No, it's a difference between money you have but you don't plan on spending right now and money you afford to lose!
Have you bought everything you want for your house, have you reserved your holiday, do you have emergency money aside,  and you still have x sums left, you don't feel like buying anything no need for anything, and tomorrow is your payday, then x is your extra money!

Now, the small difference, are you sure two weeks from now you won't regret wasting this sum? If not, then you can easily gamble them, if you yes, then no! Or shorter version, how much do you afford to just take out of your pocket and burn it? That's the amount you can play with!

Well, having a spare cash to gamble is just the same with setting an amount that you are comfortable of using and losing. So I don’t see any difference with that. What’s important in gambling is you never use money that you are intended for safe keeping for your emergency funds, otherwise if you can’t control your emotions while chasing your losses, you might end up spending all these money without hesitation. Setting a small amount is good, as long as you stick to it no matter what.

That's right, this is going to be based on what we really want. We can allot some specific amount as we wish to do so or we can do with spare money. This isn't really a problem at all to be thought of, as long as you've got that money "affordable to lose" for which what we've been telling for so many times long time ago and until now, that's what everyone should remember.

Way better, bills and needs first before gambling and you're good to go. This is a good practice and those that don't know what to do before they gamble, clear first your bills and every other needs before allotting a budget on it whether they'd be 5% or 10% or even more.

Exactly, it is what I am saying that it's all about the money that a gambler can afford to lose. It could be a couple of bucks, a hundred or a grand. As long as it suits your budget and you won't be problematic after losing it but much better if you gain some profits through it.

If you keep using money you call spare cash to gamble you would make more cash spare and remove the important use from it just because you need money to gamble with.
As a gambler, Set a budget, allocate an amount to gambling so that when that money is exhausted you would know that you have exhausted the amount of money that you have allocated to gambling for that period of time and that can make you know that you have to take a pause.

For norms gambling needs to participate with precaution and also with observation, because looking at gambling it's obvious that gambling have to do with obligation but when you don't know a thing of that nature you will be surprised of gambling, now for you to be a successful gambler without be discouraged or addicted in gambling you have to learn the preamble of gambling and also try to know the consequences of gambling, because I know quite well that with gambling their's some certain things you have to know of it, so therefore if you are a beginner in gambling just have a statistics of how you will regulate or fix your gambling strategies without that you will not know the amount you have being using to partake in gambling.

 I mean. It's what worked for me when I was trying to pick back up from a long hiatus out of gambling, and along with the system that I made to ensure I don't lose out too much money while gambling, while also securing my wins, it effectively became its own funding system where it takes me months to even feel the need to fund it, and I'm a high baller so that should tell you just how much I'm playing around with.

Although it's a case of apples vs. oranges, cause if you're already broke even while you have a paying employment, and you're still thinking about allocating a certain amount to your gambling indulgences you might wanna hold off on that and instead look for ways to increase your income, which you will not find by the way in gambling.

If you're gambling however and you're pretty alright when it comes to money, I suggest you separate your gambling money with your money for expenses, makes it easier to budget shit, and at the same time, you won't go looking for where your money went once the checks don't balance out.

It depends.
If you're tracking your expenses and you don't want to mismanage the whole budget then yes you should just allocate a percentage of your salary. Personally, a 5-10% of my monthly income, is what I use to things that I perceive as leisure or things for my own enjoyment and gambling happened to be one. However, I won't use all of it to gambling alone. One reason I do this is to avoid crossing the lines. If I would be engaging a bigger amount then there's a higher tendency that I would be upset whenever I am losing and that might trigger me to be frustrated to gamble more. It is also important to know oneself; how you respond to stress and loss. But if you're okay with using larger amounts then that's fine if it works for you. We just have different levels of risk appetite. What matters is that you should not be at risk of gambling addiction.

I do not think it is possible to specify a fixed percentage of the monthly salary allocated to gambling that can be appropriate for every person and under all circumstances. There is a person who can spend 10% or more without harming his budget (if we assume that he will not make any profits), while another person cannot exceed 1%. Likewise, someone who can spend any percentage of his salary in a particular month is not sure that he will be able to spend it in the following months.

In my words, I mean the average gambler who practices gambling as a hobby, not addicts, because addiction will impose reckless behavior that may not be appropriate to his circumstances.

Of course a gambler should allocate a certain portion of his income to gambling. There are many gamblers who spend most of their monthly or weekly income on gambling and do not have the financial support to support their families, so they need to borrow money from other sources to manage their gambling money. Thus, at some point, the gambler becomes bankrupt while trying to borrow money. So if a gambler wants to sustain himself well in gambling then 1-5% of monthly salary must be allocated specifically for gambling.

I voted for the third option (1%-5% range) as I think this is the sweet spot for the majority, but I probably fall under none because I sometimes break the limit when I see something profitable offered by the casinos.

There are unbelievable promotions that come once a year, and they're a no-brainer knowing you'll mostly walk away with a decent profit in your pocket.

Going back to the main question, it's best to have a budget or at least put more effort into spending less because gambling can always give you the itch to spend more.

I would have asked how you did see something juicy or profitable in a game of luck like gambling but, there have been a couple of occasions when i was spot on in my prediction. One game I felt could easily be converted to a win was the Panama 2:1 USA from the previous day. Panama was given a whooping 9 odds for a bet and USA had just about 3 points. I almostI did pick that but, thought about the risk in the last minute before kick of and removed it from my bet slip. As the game continued, Panama got the early advantage and was leading USA before they came for an equalizer and got their goal. Panama still managed to advance by 2 goals and USA couldn’t come up with anymore come backs.
I lost on my bet though but, that was a good bet right there.

On the whole, I’ll still like those who have great trouble in handling money or money management have allocations for activities such as this which could be addictive. They don’t need that in their lives.

Op just as you, I personally don't have any money tagged spare money within my possession, any penny in my custody has a specific use.  If we are to dwell on the premise of spare-money how do we even categorize money that should be spare money and that which is not?

I think the phrase spare-money settles in conveniently with gamble addicts as a metric they can easily use to cover their over spending on gambling and later placate themself to accept that it was a spare-money they wasted or lost so for that no need worrying. Allocating specific amount to your gambling expenditure could be fashioned to be like the break pedal in a car, the exhaustion of your allocated amount  you just know it's time to hold break from the day's gambling.

I think this percentage based gambling isn't for everyone to be honest, for those that threat gambling as a business or livelihood.. I expect their risk appetite to be much higher while anybody else doing it for fun can easily stay within budget and apply that percentage based approach, and 1-10% should be okay depending on salary.

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Was thinking in the same lines as this isn't really realistic, percentage based gambling sounds like it can be done on paper but in reality it's easy to get carried away and go over the budget especially if your aren't a regular gambler.
Though for someone having a bigger salary, I believe percentage based gambling can easily work here depending on ones risk appetite and dyou really need to be disciplined to follow it otherwise once in a while you are likely to go overboard!!

I consider 1%-5% of monthly income to be an advisable sum to spend with gambling, because it's part of the money amount I would use for my pleasure, so gambling is included on that budget. To spend less than 1% seems unrealistic, because it must correspond to a very low sum of money, unless you have a pretty high monthly income. At same time, it's not a good idea to spend more than 5% with gambling, considering we have many other expenses which can't be postponed.

Allocating certain amount to gamble is necessary and is a must so we don't use the money for other things or our daily needs. The allocates money you use to gamble must not too big as you only use gambling for fun and not too often to playing gambling. Actually, the amount to be used for gamble will be different from every people.

We must adjust the allocating money to gamble with our income. We don't have to use more than 1%-3% to be the capital for playing gambling but if you thinks that percentage is enough for you to playing gambling, you can set it up on that amount. You must discipline not to breaks that because that can makes you use more money, especially if you lose in the gambling games.

I don't use too big money to playing gambling, maybe it is about 3% of monthly budget and that is enough for me. Besides that, I don't playing gambling too often and just really fills my spare time. Maybe in a week, I can playing gambling for one or two time but in other week, I may not playing gambling for a week or two week or even for a month.

As much as i will want to understand that there is definitely a thing as a spare money, or money not in use, for the rich, I personally have not also gotten to that realm where I can boldly say that I have spare money, or money not in use, because for my current financial status, every penny I have is either to be used for something important now, or in the very near future; like tomorrow or next, or better still, the money is locked away in an investment(s), there is no thing as spare money, or money not in use in my dictionary at the moment.

So, going by the above, It is always very important for us to alway allocate a specific amount of money for gambling, it's always very dangerous to walk into a casino with all the money you have, why? Because the chances you might come out from that casino with that same amount of money and maybe with profit, is very slim.
So, allocating a specific amount of money specially for gambling is always the safest way to saveguide ourself from losing money we are or were not prepared to lose.

Exactly. Therefore, even your budget for gambling is a spare money, it will become futile when you don't have discipline. Because not being to control yourself when playing can only lead to committing a decision that is not planned from the beginning. Thus regardless if you allocated a funds meant for gambling or not, as long as you have discipline then certainly you won't spend a money that is mean for important things.

Anyway, I learned to allocate a small part of my salary for leisure. So that I can monitor my budget and won't let myself exceeds to my set limit.

I cannot agree with what you are saying when talking about people who have financial means having a stronger gambling addiction. Some successful people know how to manage their money well, which is probably why they have all the best, since they manage their finances correctly.
On the contrary, saving money for further gambling looks like a rash step, since a person is depriving himself of what he needs. In addition, if you look at the history of victories, then those who part with game money with a light heart often win, and not those who understand that they could buy themselves better food or everything they need instead of playing.
Hope for instant enrichment is a sign of poverty. You need to realize that money always sticks to money. And until you reach a level of life where gaming is accepted as entertainment and not as income, winning a large sum will always go to others.

Same; anything below 1% sounds extremely minor (it's $10 if you're making $1,000 per month), especially if we're talking about a monthly budget. I don't allocate a specific amount each month, nor do I have any specific rules about my gambling budget. I usually spend anywhere from $30 to $50 per month, more or less, depending on the occasion. For instance, now that it's the European Football Championship, I might surpass my usual budget, while it also depends if I've won previous bets and have an available bankroll. Generally, I avoid limiting myself to tight budgets and prefer to go with the flow of things.

This is how I deal with the budget at the moment. Eh, it’s a pity that this matter came to me too late. I managed to lose before realizing the situation that I had already lost a lot of money that I could have used for a necessary and useful cause. The excitement was so strong that I couldn’t just stop and say “no” to myself. So what? Life put everything in its place and I had to radically reconsider my attitude towards casinos. I no longer go beyond what is permitted, as this is fraught with very serious consequences.

Its good to manage your funds according to me. Moreover definitely you should invest some of your earnings in gambling. You can only make money from money. Saving all of your money isn’t a ideal deal according to me. So yes a small percentage of your winnings can definitely work in order to gamble and try your luck. You might not be able to make profits all the time, but if you manage the risk involved and bet wisely, then definitely you can make good money through gambling. Just gamble and trust yourself.

I think there is a slightly different understanding here. There is free money that people want to spend on vacation, entertainment, etc. And there is money that you do not keep in the bank, for example, but keep in cash for special needs. In your case, you can decide that having children means that you, as a wise mother, should provide for unforeseen cases that need to be taken into account when having children. Of course, this free money cannot participate in games since we don’t know how the game will turn out, but having lost it, sometimes the need for that lost money will immediately arise.
If you are talking about planning games and allocating money for them, it should take into account such unforeseen expenses. It always depends on the person; some will decide to have fun playing in a casino, while others will simply buy more toys for children. People are different, and you understand that.

I wonder who're allocate 0.01%-0.1% for gambling? if someone earn $1,000 per month, it means they only gamble $0.1-$1 per month, it's really crazy as they only able to bet in one match per month lol. It's really low except you're rich, 1% make more sense if we talk about majority of gamblers.

Allocating specific amount to gamble help you to learn self control, but if you already have a good self control, you're free to choose to allocate specific amount or not.

What you say is correct, however, the best thing is our own behavior in the gambling we do. Not having good self-control can make us lose self-control which can lead to decisions that we shouldn't make. Also, there are many gamblers around me who don't have good self-control, so it's not surprising that many of them get angry or upset when they lose at gambling. Apart from that, basically gambling is better done using a budget that is free, not to be used for other more important things. For example, with a budget for basic needs that has been determined, don't disturb that budget, especially since it will be used for gambling, that's not the right decision.
As much as possible, we must be able to allocate a budget of funds that we can afford, do not gamble or place bets beyond the limits of our own capabilities which will cause us to experience our own difficulties because the decisions are made based on ourselves. not only for me, but I hope everyone can allocate a certain amount of funds and not exceed that amount within a certain time.

Why not invest (for example, in bitcoin) free money or money that is not used, instead of wasting money on gambling?

If all money is good for you, then why are you willing to risk it for fun? This brings to mind the popular phrase here: “only play with the money you are willing to lose”. I would understand if you had an excess of money (free money), and with such introductory info, you should think more carefully about whether you will have to limit yourself in something because of a loss.

The precaution here would be to not gamble with that kind of money at all.

Money that we aren't using? Where will it come from? I think it's still from our salary. I have a piggy bank but all the money that is in there still came from my salary. That guy must've some business that we don't know where he can create money from air.  :D

There's no such thing as spare money. Everything comes from what we worked for or from the profits of our business which means that is still hard-earned money.
So, it's always better to allocate some money for our gambling activities in order to not affect the other money that is not for leisure. Get a number, follow it. There are instances where we want to chase our losses, but don't do it. Keep in mind that what we only allocated is the one that must be used. This requires good discipline in financial matters to keep in under control.

Every responsible income earners needs to have budget for their expenses and anything that is not in the budget will not be spent on. A person that gambles regularly should allocate a percentage of his/ her income to it and be disciplined not to exceed the budget. Except for an occasional gambler, I don't think it's good for the regular gamblers to gamble with spare money or emergency funds because they're also part of the income budget. Except a regular gambler chooses to call their budgeted amount for gambling "spare money" otherwise it is still money that is allocated for their gambling.

I think that spending 5-10% maximum of their salary per month is okay, for example if someone earns 300 USD every month, then they can spend 30 USD every month on gambling. However, perhaps each gambler's preferences are different, some spend 20% or 30% of their income just on gambling, maybe they don't have more expenses, so they can allocate more to gambling. But personally, it would be better for someone not to allocate too much of their income to gambling because they also need to think about other priorities which are more important than that.

A good plan is to keep a fixed percentage based budget for gambling. Because if one does not keep a certain budget limit then he will continue to gamble and if he becomes addicted to gambling then he will not stop gambling until all his money is gone. It will cause him a huge financial loss which he cannot accept. Because if the financial loss is more, it is not easy for anyone to accept it. some become addicted to gambling and gamble up to their homes and become completely bankrupt. so I think everyone should keep a fixed budget. And I keep my gambling budget and always I deposit a certain amount gambling that is 2000 BDT in my country which is equal to $16.50. If they lose, I deposit the same amount again. After that, if I make a profit, I withdraw and stop playing for that day. And even if I lose, I don't continue gambling for that day.

For every salary man, there's an allocation for your "me time budget" and that's a good allocation for your expenditures for gambling.

It can be in gambling or any other form of entertainment and whichever is your preferred way of spending it, that's okay. But on your case, it's on gambling and that's an acceptable amount.

You won't feel bad if that lose eventually in the long time and you need to wait again for another month to have it once again for that allocation.

Well the both point are actually good because when we removed a small certain amount of money from our monthly salary to allocate it into gambling is actually obvious that the money is like a spare change for us that whatever happened to it during the gambling will not affect our total finance or affect us emotionally, while spare money is also the money that may not have a negative impact our lives if being lose through gambling, so you can see that you both are actually on the same direction but the only misconception there is that the terminology you use and the one he uses are not actually the same, perhaps that's why it looks as if you both are saying different things because there is no way you would allocate money that would affect you into gambling, so is mostly spare money.

Gambling gets more challenging when you are losing because you would not want to lose and then you might gamble with money you have reserved for another expenses. If you have access to more money without a budget, you will always gamble more than you thought you would but having a budget makes you to be disciplined to some extent. I do not have a specific percentage I allocate monthly to gambling but I keep aside the quantity that I know I can use for gambling throughout the month and I would not have to touch money meant for other expenses. If I exhaust the money, I would had made some profits that I can use a part of to continue gambling. Everybody should know how gambling affects them or favour them and allocate money to be used based on how much that they are earning.

         -   If we allocate only a small amount for gambling that we will take from our salary if we are regular employees, I think that's fine, mate. The bad thing is that if we use 50% of our salary to play gambling in the casino, that is not the correct and normal way.

Also, this kind of practice is good for a gambler to get used to so that we can control the losses that we can experience every time we gamble. If there is no such limitation on our money to be used for gambling, we will end up with a big loss at the end of our gambling.

I choose to allocates 1-5 percentage from my income as my budget to playing gambling. I don't wants to do more than that amount because that can makes me spends too much money. Besides that, I have a bad experienced before as I use more than 5 percentage for playing gambling so I don't wants to repeat the same mistakes.

Many times I tried to reduce my budget to playing gambling less than 1 % from my income because I also trying to reduce my gambling activity. I realizes that playing gambling too often can attracts me lose my control which I already experienced before. Playing gambling doesn't needs to use too much money so less than 2% from my income will be enough to be used to playing gambling. If that money is all gone when playing gambling in a month, I can accept the result but I will not added more money to my budget because that will makes me lose all of that money.

Do you think as a gambler we should allocate specific amount to gamble? The answer is Yes if you a gamble you know the risk that gambling is involve money and if you dont set a budget you can go crazy and lost all of your hard earned money.

We know ton of story here in bitcointalk and other chat platfrom that people lost control and lost all money because fear and greedy so the point is yes we need to allocate some money depends on your strength

When we talk about allocating an amount to gambling doesn't mean that such amount is not useful but it's just a kind of controlling one's spendings on gambling because if a gambler doesn't set out an amount to gamble with then he may end up spending more than he expected due to lack of financial management. As someone who receives salary or wages, it is very important to manage your income so that you that spend so much money on frivolous things. Gambling is for fun and of which even the normal fun we do seek for in other aspects of life we also do pay for it so there is no big deal about spending a little amount in gambling even if you don't win so that you can be able to bear it when you lose so if a gambler doesn't allocate an amount for gambling it can lead to excessive spending which they may end up regretting there after. A spare money is not necessarily an amount that's not useful but money that is left after you must have spent some money on more important things.

In life generally, we should learn the habits of planning how we spend our income because if you don't do so you may likely be spending money on things that are of less importance. Scrapping out amount for gambling is a good way to responsible gambling and not gambling to addiction since after you exhausted the money allocated to gambling you gonna quit till your next budget when your income arrives. Doing so will save you from spending so much time in gambling activities and have time for other things of life, it will also make you to be more careful about your expenses and you gonna spend within your limit.

It is not recommended to exceed the budget limit for gambling, this will make you even more stressed to meet your daily needs if you lose. In my opinion, every gambler has their own discipline or patience in playing, usually this is what makes them lose a lot of money when playing. Having a good chance in that round he raised his bet quite big and but the result was not as expected, his opponent actually won. I've seen incidents like this. It's true that we should only play for fun when our money is lost, of course we are ready for this, don't expect too much to earn income from gambling, this will make you even more addicted.

a gambler don't really have a specific amount mostly when you really needed to win a very huge amount, so for me i know that gambling it's something that can bankrupt someone life so the only thing is to know your limits. And we all know in gambling that the higher the amount you stake the higher amount you got in return, so in this process you don't really have an specific budget for gambling or any spare money kept for it. And first their are set of gambler, the addicted ones and the ones who gambles for fun but they are all using money to gamble. The difference is that the addicted can't have a specific amount when it comes to gambling, but the ones which gamblings for fun can set up a budget for their selves because they aren't aiming at any specific amount in return while gambling. So it's clear to me that if you want to go into gambling just know that you'll spend more money than the ones you'll get in return from the casinos gambling.

I gamble if theres an extra money like let's say for the total monthly I just play around 2$ of my earnings of course we are doing cutoffs every work so I guess I will play at the end of the month because playing every cutoff seems quite a bit short to play instead you have a budget at the end of the month most likely we settled our bills back on the discussion is just that approximate because personally, I do settle what my daily needs and savings as you growing up you have responsibilities over playing gambling yes it gives entertainment, joy and fun but we are using our money in other things now just small amount is enough to give yourself a small entertainment.

There’s a pros and cons doing this depending on the person behavior since we have different tolerance and thinking on our actions.

One of the cons of allocating money to gambling from your monthly salary is you will be encouraged to gamble every since your salary is already set as reminder to fuel your gambling activities which can be avoided if you don’t have plan at all.

Pros is when you don’t have self control while you really like gambling in regular basis since it will help you to manage risk involved on gambling which is already part of your regular activity in monthly basis.

From the past until now I have used side money for gambling, I mean apart from salary or basic income, overall there is no definite percentage for that, Sometimes I get $100 in tips/side money, I use it all for gambling, sometimes I use half of that money, in essence the side money I get varies, it can be $100-$300, Of course I don't get that money every day, if there is a jop of course I can easily get it, if there is no jop, of course I won't get the money.

The point is: I gamble freely without any coercion and what I use does not come from my salary, so I don't need to measure percentages to gamble.

Only rich people gamble too much, but gamblers who are not rich are not entitled to gamble beyond their capacity. What will happen is that their lives will be ruined because of gambling because there is already an addiction that has formed in them.

So it is better that, from the very beginning of gambling, we get used to the small amount of money that we will gamble in a casino. Let's say that we allocate 10% of our salary to gambling every month or in the middle of the month. That's what any gambler should do.

Its a game where winners know when to hold 'em and know when to fold 'em. I like this budget idea. Its smart. Its disciplined. Its how you take control, like I did with my businesses.

The money is power. Know how to use it. If you budget for gaming, you know it shouldnt affect your expenses, family, or anything else vital. The art of the trade is there. Gambling's fun yet risky. Be honest with yourself. Good for you if you're making money and investing it sensibly, like in real estate. Unfortunately, not everyone wins at the tables. Know your limits. Avoid game addiction. Be smart, disciplined, and most importantly, in charge. Thats how to win in life, not just casinos.

Yes, that's true, but in this case I think it's better if we generalize all the financial situations that everyone has, simply put, rich or poor, of course allocating a small amount of money for gambling is much more recommended, or that means whoever you are and whatever your financial situation. Of course, it is always recommended to bet without exceeding your limits. Because after all gambling will have a very significant impact, and I understand that rich people have a much better financial situation than poor people, but if we talk about gambling then it is clear that this is an idea that must be applied to all of their gambling approaches.

Because no matter how much money you have, if you have the wrong approach which tends to always be aggressive then it is clear that in the end you are also very likely to lose all your wealth assets in an instant, so of course this idea applies to everyone, and yes, lastly, maybe I agree with you that from the start we have to get used to only betting small amounts, but I would say that this action can only be done if from the start they understand what gambling actually is like as a whole.

I have always advocated that people should set an amount that will be allocated to gambling each month, but they can only set this amount after paying all the bills they have and with the money left over they can make a list of things they want to do. to have fun and allocate money to each thing they want to do to have fun. For example, in the casino of a person who has a job and a salary of $500, that person should not take the $500 and go play while they have not yet paid all their bills and that person also cannot think that gambling is the the only forms of fun he should have

The right thing to do is for this person to take the $500 salary and pay all the bills, if there is $100 left, take $30 and keep it in the bank, take $70 to have fun and make a list of things to have fun with, take $20 for gambling, take $20 to go to an animal park, take $20 to spend time with your family, take $10 to pay for a walk with friends. It doesn't matter if the amount allocated for fun is low, the most important thing is that it diversifies the fun. This prevents addiction

If you are a regular gambler,  allocating specific amounts from your personal income will be very much adviceable. The reason is so it can help you regulate how much you spend on gambking or how long you spend at the casino. But for gamblers who gamble once in a very long while, weekly or monthly allocations might not really be necessary. The most important aspect we should take seriously is our ability to control ourselves when we gamble. You can set gambling limits for yourself and still gamble like your life depends on it while that gambler who just walks into the casino without any specific allocation will go home safe because he knew when to stop.

One kind of strategy cannot work for everyone, that  is why every individual should know the best strategy that works for them when it comes to reducing their risks. The most important thing is that gambling is being approached with caution and responsibility.

Setting the amount of money to gamble is a must, which is a limitation for us not to lose more than what he can lose, it is one of the principles of responsible gambling, setting the amount of money to gamble is setting limits to lose money.

Yes, a lot of people lose more because they lose control when they don't set limits, such as setting the amount of money to lose on gambling, but some people are skeptical about this, they prefer not to limit the amount of money they want to spend on gambling, such as a percentage of the money they get per month.

Yes allocating a certain amount for gambling is a must if you do not do it then you will not be able to manage your finances it could be that the money that is spare / emergency savings can run out because there is no certain allocation this will continue to drain your money if you are addicted.

If the result of monthly income then it is 1-5% but there is an addition where other sources of income such as a little get from the usual airdrop will play a little for gambling. If there is nothing from other sources then I will allocate a little bit maybe I don't want to lose more to gambling.

Each individual has their own allocation, sometimes from their monthly income is different from us, it could be 1-5% big or small depending on the income.

This is right international especially on topic like this that has a mixed opinion with all users due to our preference on managing our bankroll. I personally preferred allocating my bankroll from my salary if I’m into gambling for that moment.

I’m not always feeling the urge to gamble especially if there’s no promotions that catch my interest. I’m too lazy to gamble on regular basis without promotion because I think bonuses is our way(players) to have an advantage against the casino to increase our profitability.

It depends on my mood whether I want to allocate or not when gambling but most of the time I do budget as way of self control.

This is completely logical if we want to deduce a general rule, and the only general rule that applies to all cases is “Do not gamble with any amount that you are afraid of losing,” regardless of its size. I believe that this applies not only to gambling, but to any other recreational activity (if the gambler is an amateur) or any investment activity as well (with the difference that it is possible to risk applying for a loan for the purpose of investment).

What I concluded from Op’s thesis is that he is hesitant about the percentage that he will allocate monthly to gambling, considering that he is an employee who receives a salary every month, and he did not take into account other cases, such as those who work in freelance or business owners, who undoubtedly represent the largest percentage of gamblers who are able to spend large amounts. My advice to him is to diversify his sources of income so that he can allocate an independent budget for gambling activities away from his monthly salary.

I would say anything between 0,9% and 5% of one's monthly income would be fair enough. Though, that is highly dependant on the situation of the person and whether that montly income covers all their expenses of the month easily or not. perhaps 5% would be too much in the case we are talking about a millionaire person how keeps businesses running and other assets to spare, on the other hand, with a minimum wage of 400$, we would be talking about 20$ per month, to me that does not sound unreasonable.

I also would like to point out that "spare money" or "pocket money" are very subjective terms. In the same way "money one can afford to lose" is subjective.

Well, in my opinion, it is better to allocate some funds to your gambling balance when making a budget for the month, and I think 1-5% percent is feasible depending on the income strength of the gambler. Some people gamble without budget, and that is why they even end up to spend money that is not meant to be spent on gambling. Budget spending can actually help an individual live a reckless spending-free lifestyle, and it is applicable to gambling. If a gambler gambles with budge, it will help them live an additive-free lifestyle. It might not really work for everyone because we are all wired differently, but most people who live their lives according to the budget they make will not easily become addicted to gambling if they are gamblers. 

Yes, anything that beyond 5% would really be just that too much. The only issue on here is that when you do say 5% and if you are really just that earning $100-200 in most 3rd world countries then it would really be that basically means that you would be spending $10 on every month on which we know that this is really that something which is really that too small because even on speaking about the fees on simply making up some deposits would really be already taking up the huge slice on the said bankroll that you are planning. This is why they would really be planning on adding up more money which it is really that more than on the amount that they have set earlier and this is where problem do start to kick in on the moment that you have that made out such bad decisions and this is really that very common in every gambler
and this one isnt really that a shocking thing.

must apply financial management to be regular and wiser. Playing gambling loses to win ordinary things but it needs to be realized not too rash to avoid the destruction that is not want, many examples of people who become addicts because they cannot manage the financials that must be allocated gambling entertainment and daily life. Excessive effects that become emotional due to losing a lot of money. So for me to apply important management, 1% or up to 10% is still normal if it exceeds the limit of our salary will definitely be carried away by the waves

Judging by the stats of the poll, majority of the voters are of the opinion that gambling should be done with 1-5percent of their income. I don’t know if the voters actually practice this in real life but I believe every negative thing that happens in gambling is as a result of gamblers risking more than they can afford to lose. I believe if more gamblers adopt this approach to gambling, there wouldn’t be as much negativity associated with gambling.

Financial management is the sure bet to staying long enough in the game asides which you will go bankrupt sooner and may never be able to gamble again except you will accept the gate of turning into becoming a debtor gambling, it's also not a very good route to take, I mean borrowing to gamble when you have lost all your initial funds gambling because you are not been careful gambling. All along, using 10% is something I even consider as too much already because gambling is supposed to be seen as a means of entertainment so when you spend 10% of your income getting entertained it portraying some level of irresponsibility because for someone who's got a whole lot of bills to take care of, I believe 5% is enough to get them enough entertainment gambling or even doing other things which they find entertaining which they have to spend money on.

Yes, you know when an amount is set for a particular task it makes it very easier to reduce over expenses or let me say random spending because there is an amount that is already been tied to it but when gambler doesn't have a fixed amount for gambling and they gambles with their spare money it makes very open to gamble with anything that comes into their minds and that they would continue to pinch every little bit of their money without control or limits to which they wanted to.

Whether it is 1% or 10%, there is nothing wrong with spending a lot as long as it is our extra money. But what we usually think is that if we gamble, we certainly lose which gives us some pressure. But if we just think I do this to have fun, even spending 10% could give us regrets. Unfortunately, we think of winning which absolutely changes our way of gambling and mindset, and when we lose, we tend to gamble more to take back our losses. We've been driven by our wrong mindset which is why we always feel disappointed and this is the reason why we don't feel satisfaction anymore.

It's not just those who aren't rich who shouldn't gamble beyond their means, even those who are rich, I don't think that means they can gamble freely. Those who are rich still have to be able to limit the gambling they do by not gambling excessively because the consequences are the same as ruin. Those who are rich or not have to be able to regulate the gambling they do. If they have a lot of money, they do have a greater chance of gambling. freely, but that doesn't mean they can continue to gamble using large amounts of money.
It's true what you say, we should be able to allocate only a small amount of money for gambling from the income we already earn. looking at the other side there are more important things to pay attention to than gambling, so don't prioritize gambling by spending a lot of money. This applies to everyone without exception, rich or not, the same must be able to limit the budget allocated to gambling.

If you can't avoid gambling, it's for the best and the smartest move for you to allocate some money when you're gambling, and if you don't have a lot of money, you'd probably be fine allocating the smallest percentage for your gambling habit, that's the only way in my opinion that you'd enjoy your experience each session, lack of enjoyment and fun in your gambling sessions lead you to believe that you weren't satisfied and you'd probably be gambling more than the money that you've budgeted for that specific time.

It's easy to talk about budget when you don't have a strong gaming addiction. And if it is present, then what to do in this case? How to resist the temptation to win back money that has already been lost? Don't have an answer to this question? That's what I'm talking about. It's not as simple as it seems. At first I also thought and reflected, but practice showed completely different results. It got to the point where I even had to borrow money to play.

That’s actually worse. If you only use ‘extra’ money, you are going to end up use more because you did not set a budget for it. Limitation is always good as it promotes discipline.

You are going to end up reducing more expenses just to have extra money for gambling.

Setting a limit will require you to not spend any more even if you want to.

Yes you are right on that because gambling with spare cash seems so stupid to me because you would always keep gambling at all times but to keep a good practice is when someone set a limit or the maximum amount to be used to gamble per month at this point if those money are exhausted there's no way they could go use any additional funds that is not planned for gambling to gamble even though it a spare cash at least they had already met their gambling budget for the week/month so the person will be a responsible gambler instead of becoming addicted Gambler who always gamble with any amount that comes into their hands as spare cash, to me they aren't regulating their activities as a gambler.

OP, above all, we should gamble with the money that suits our kind of person and the plans that will never hurt our finances. Ever since I've been gambling, I've never allocated a certain money for gambling specially, I only gamble with some random amount depending on the amount I can spare that time and my moon towards it. If I closely weigh it, it has always been an amount that if I lost it can never affect me whatsoever.  That is how I prefer gamblers to think and act as well but we are free to do whatever we want to do. Also, when I am trying to earmark certain money for gambling, I make sure that I do not view it as a must. As we all know, gambling is not the smart way of income and since I have my source of income, it has never been difficult to view it as less important to my living.

With this mindset, I have been able to do without the compulsion of gambling, and if I lose money initially deposited, I might not even think about depositing again for a month or more unless I feel like doing it. But to avoid taking too long to deposit, I rather reduce the risk I wager per bet and it has been helping me to sustain my deposits for months in my account. Notwithstanding, I've seen and heard people allocating a certain portion of their earnings for gambling, well, it may only be a smart idea if gambling is positive to them, but if it is always negative, so why earmark the portion you will be losing/wasting from your income?

I think it's just a difference in how the gambler uses the money he's going to use in gambling, as both still allocate funds for gambling.
Those who use the percentage method or the amount of the monthly salary do not mean that they will always gamble with what has been determined because of course the money used is still idle money, so if in one month it turns out that the money has been used up in more important allocations without including gambling then he will not gamble.

So gambling with a set value of monthly salary or just spare money is important that it is an amount that he can afford to lose, because even though gambling is only for pleasure does not mean he can arbitrarily use money for gambling when it is money for his living expenses in one month which when he loses it actually makes him unhappy and affects his life for a month.

There's nothing we can do if we are already addicted, so we should prevent ourselves from getting addicted in the first place. This way, we can continue gambling based on what we can afford to lose. We need to have a budget and stick to it. It doesn't matter if we're rich or not because we know our own finances and we're the only ones who can manage them.

Some might say that rich people spend a lot of money on gambling because they are rich. While that might be true, it's a wrong mentality. Being rich doesn't mean they won't go bankrupt if they don't manage their money well.

Do you think as a gambler we should allocate specific amount to gamble?
Yes, I believe any moderate gambler should allocate a specific portion of his income for gambling, although this person shouldn’t always do this thing or he is obligated to allocate the same amount every time. More times you ignore and skip gambling that week or month, the better for your health and pocket.


Personally, I don’t have a stable income and that’s why I only use the extra small payments for gambling. As any gambler, sometimes we fall into the trap of seduction and gamble more than what we planned. I noticed also the more your percentage of gambling compared to your income is higher, the more you are close to addiction. However, as you mentioned this tip also can help maintain a discipline way for gambling and prevent overspending your money, and never touch your emergency funds.

never crossed my mind and have never taken out a gambling loan just to play. I am more effective in using personal money, because if I borrow money it is not certain that the money will come back or bring good luck. For example, if I lose money on a bet, I don't make a re-deposit on that day. come back at a different time. if we have big ambitions it will only cause emotions to occur and not be controlled

1% and 10% are a huge difference in spending, sometimes we can already generate other sources of money from a few percent like that, even though those are the amounts we can earn more but it's bad to waste the opportunity and give it away on meaningless entertainment like gambling. Furthermore, you are right that a gambler's position does not come as a guest of entertainment, they come with the pressure that is generated from this as well as a forced win, become a puppet and lose their emotions with this endless game

    -     Maybe if you earn 1000 dollars per month, I think 5% is a lot for me, because he is on 50 dollars, then let's say once a week the gambler plays gambling, which is 12.5 dollars every week. Maybe this is a small amount for others.

But in the countries that are among the poorest countries around the world, it is already big, but even so, it always depends on the gambler how he will do it. As long as possible, we should really limit gambling so that we can control it. the money we put into the casino.

If a person spends 1 to 10 percent of his monthly income on gambling, it may not create any hindrance for him, but when he spends more than the budget, he will definitely use necessary money which is needed everyday life, After a certain period disaster come to him. In gambling even if a person has multiple sources of income, he should keep a certain amount of budget on gambling. When that limit is touched the gambler should take a break from his gambling. When gamblers become addicted, they lose common sense and at some point they are exposed to huge losses.

Yes of course, if you didn't want to allocate specific amount to gamble, you must have learn to allocate specific amount first, if there's nothing wrong and you can stick with your plan even when you're angry or stressful, you can choose to not allocate for gambling anymore.

Just like muscle memory, if you train your mind everyday, it will make you have a habit. In this case, the habit is self control, having a high self control will make you not spending too much for entertainment.

I think spending 1 - 10% will not be too big of a problem because it is still a small amount of a person's total income, especially when they have an income that is quite good or equal to people in general with minimum wages, because if it is not between 1 - 10% then how much more should be allocated for gambling? I understand that a smaller amount like 0.50% may be better and safer but most people will not be comfortable because with that amount they will not be able to enjoy gambling for quite a long time, at least half an hour.

If you say that it is too big an amount to waste then I would say that there are two choices: you still have to choose an amount between 1 - 10% to bet or don't bet at all, I think there are only two options .

If every gambler allocates their budget correctly before playing gambling, they will usually not end up becoming addicted to gambling because they will be consistent with the budget they spend every week, every month or every day depending on how they limit it for gambling, at least gambling with money that is not used or money that is ready to be lost for entertainment because if you gamble properly it is for fun rather than making money in it because gambling is not a place to make money.

It's a shame if gambling is used to seek wealth or a source of income because usually those who gamble don't set a budget and playing beyond the limit will usually end tragically, namely gambling addiction because they can't control themselves. I think we all know that it's important to limit the budget so you don't get addicted. gambling in the end, many cases that we have seen so far are people who are addicted to gambling because they are obsessed with wanting to get rich by gambling even though it can't make them rich but makes us chase something that isn't real.

If the intention is just to have fun in gambling games, why regret it? We all know that when we gamble, the chances of us losing are much greater than winning. If we experience defeat, what is important in this case is self-control or emotional control so as not to play again. If you continue to increase your gambling budget to chase wins or losses, you can be sure that you will experience much bigger losses than before. In this case, you should limit your budget for gambling.

Allocating funds to bet on gambling with a certain minimum with what we want to bet, there is no problem because we have a job and we can use this strategy, the strategy can be said to bet at the time we want, in my opinion it is not too risky because we gamble with a period of time determined by our monthly income or our weekly income, betting like that can avoid addiction to excessive gambling because we manage our betting time,
We can think of allocating our monthly or weekly funds as our pocket money, but it is used for our gambling interests.

It would also depend on the coin and network those people living in a so-called 'third world country" use to carry out their casino deposits, by the way.
Because of the fees and how the network get congested, It would be a bit difficult for me to picture someone from south Asia or Africa doing their deposits using a coin like Bitcoin. They are more likely to use USDT on the Tron network or even in the recently supported TON network.
It does not have much to do with gambling, actually, it is just how people living under unfavourable conditions try to save money while also taking advantage of the freedom the ecosystem of cryptocurrencies gives to all of us.

Also, I would like to point out that even if the transaction had neglectable feed, ten dollars is still a significant amount of money to spend in an impoverished nation.

Budget restrictions are indeed very necessary, but sometimes those who gamble do not do that.
I myself have always kept my budget to a minimum and played just for fun. If I lose, I put in only a little money.

But when someone comes in with a lot of money, and they expect a big win,
they will inevitably be disappointed with some losses and end up continuing to play to recover those losses.

Yeah, that's why I stand to agree that allocating a certain amount for gambling is better than spending recklessly while gambling. If you make out a gambling budget, it will help the gambler to even be more reasonable and responsible while gambling because they know that after they spend all the allocated amount, they will not have any money to gamble with until the next month, when they will receive another salary and make another budget. For example, if someone earns $200 every month and decides to allocate $40for all gambling activity in that month, it will help him to gamble wisely because he knows that if he spends all that $40 in just 2 or 3 days of gambling, he will never have another dollar to gamble with throughout the month.

Yes, this is the big problem that there are some gamblers who gamble with their entire salary after the end of their monthly salary. A few days ago in a post here it was written that a husband gambled away his wife's entire wedding money and lost the bet. In my locality it often happens that the husband gambles with the wife's savings. Again, all the monthly money is bet on gambling, so many problems about how the whole month will last is the most common problem in my area. Therefore, before participating in gambling, you must plan in advance how much percentage of your monthly or weekly income should be allocated to gambling. One should not participate in Utha with all the money of monthly salary to get rich in a short time due to excessive greed.

Allocating an amount from your monthly income to go into gambling is simply overthinking or overdoing a very simple thing. The general concensus is thar gambling should be done only with money you can lose and not get knocked down by it. So that means it should be only done with spare money that you don't have an immediate use for. If you start allocating money for it, as time goes on, you'll begin increasing that allocation as your losses get bigger and bigger and you need to allocate more in order to bet bigger and recoup losses faster.

It starts as fun but we begin to regret when we start losing and have overspend while gambling. Having fun on a budget won't make you angry but when you have gambled more than you thought you're going to gamble including the loss of the money, you'll be angry. Having a budget is important for having fun or if you're trying to make some cash while gambling. You can't not go wrong while having a budget. A budget is like a guideline for you and it makes you watch out for any irresponsible act that you might want to do when you're losing. Gamblers become irresponsible when they're losing so having a budget helps prevent that behaviour.

When a person sets his limits in gambling, he can protect himself from excessive losses. There are some gamblers who do not set any limits and gamble according to their wish. Among those gamblers, most of the gamblers are prone to losses and there is a high probability of addiction among them. If the limit is set then the gambler will be able to protect himself from either excessive loss or addiction. Excessive gambling will definitely affect a person's income which will negatively affect his personal life. We should budget our gambling depending on how much we can afford to lose. And the most important thing is that if we can conduct responsible gambling without greed in gambling then from here we will definitely enjoy entertainment and for this everyone must set limits.

Therefore, allocating a certain amount of money to gambling, in any case, essentially must be willing to lose it, because then we can accept the losses that occur and losing the money that is at stake has become a necessity. because when we can't accept losing money it can make us want to continue gambling when we have lost, whereas even if we continue gambling it doesn't guarantee that we will be able to win. However, by being able to accept defeat or losing money that occurs, it can make us realize that when we have experienced defeat or lost money, we don't have to bet again on the same day. Having limits is the key, but not all gamblers have that.
You can use spare money to gamble, as long as you don't use money that has been allocated for other things, for example money that has been saved. Of course, this money is not good for gambling. Those who gamble using their savings are people who have lost control of themselves so they can do inappropriate things.

Setting aside money from your salary every month or week is actually not something you have to do if you are not a compulsive gambler. If you always set aside money for gambling, it means you always want to gamble every time you receive your salary and this is not a good thing considering that we gamble just to fill ourselves up. free time or to have fun, every time we finish receiving our salary, what we prioritize is your basic and personal needs. If all of that has been met and there is still some left over, it means you have spare money and it's up to you whether you want to use it for whatever you want or save it for emergency needs. However, if you want to gamble, you can use a small portion of the spare money, the most important thing is that it doesn't affect your emotions if you lose the money.

It's true that if you don't use your spare money carefully for gambling, it will end up being lost, but that doesn't mean you have to use all of your spare money. For example if you save every month fromfrom the remainder of your salary and put it into your spare money and if you want to gamble before You can save this spare money by taking only a small amount, the important thing is that you can have fun and not exceed the predetermined limit.

It’s good to write about addiction when a person doesn’t have one. Can you imagine how difficult and difficult it is to get rid of it? This requires moving mountains, and this is not as easy as it seems. I had to work very hard to somehow reduce it a little. I had such withdrawal symptoms just like a drug addict. Although, I sometimes compare myself to them. This is because the signs of addiction are almost the same. If I'm not mistaken, there are even rehabilitation centers where they can help cope with this problem. I somehow managed to go down this path myself, but I didn’t get rid of it completely. Yes, now I control myself, since I have a lot of responsibilities and my loved ones are counting on me.

I think this misconception will be as a result of how we gamble or how we see gambling. Of course if you are not a gambler then it would be safer to talk about spare money for gambling expenses because you are not gambling all the time and there won't be any need to set money aside for the purpose of gambling.

But for someone who is a regular gambler, then it will be reasonable for such person to set money outside for it. Setting money aside is for the purpose of control so that you know your stopping limit. However, despite setting such limits, some gambler who don't have proper emotional control of themselves still indulge further after expending their set aside money. But it good for a regular gambler to set money aside for it, it is just like a hobby for such gambler and it should be planned for.

It is not possible to specify specific percentages of salaries that apply to any gambling practitioner, but data analysis specialists can suggest a general average that is close to most options. This proposal is based on available data and not an estimated process determined by salaries, since this is almost impossible, as we mentioned. Unfortunately, since collecting this data is almost impossible for any person or institution, the process remains unknown and is based only on expectations that cannot be objective. Perhaps the state authorities can work on this type of data analysis since they can make comparisons because they are the only ones who know the financial and professional status of each users and can impose on the casinos to provide them with all the data necessary to complete the study.

Doing this might actually save you from losing huge amounts and making terrible financial mistakes. As a gambler it's not advisable to stake more than 5 percent of what you earn monthly especially if you don't earn much. Gambling is a lifestyle and it's something you find yourself doing even when you don't want to, this is why you should set aside 5 percent of your income monthly and try not to exceed that amount whether you win or lose. A lot of gamblers seem to deviate from the plan when they are losing because they use all they have to chase their losses, you must learn to be disciplined no matter what

5% is actually make sense even you didn't earn much, if you earn much you might say 5% is too much.

Let's say you earn $300 per month, you only can gamble for $15.

But, if you earn $10K per month, 5% from $10K is $500, you might say it's too much to gamble for $500 because you ever get paid $300 per month.

When you're earn small, calculate in percentage looks make sense, but when you earn big, calculate in percentage doesn't make sense anymore.

Amount would really be basing up on how much you do earn or simply with your income. Even if we do talk about % changes but still it would really be just that the same if we do speak about allocation.
When we do gamble then it will really be that recommended that you should really be that make use of the amount that you could really be able to afford to lose. Never ever make yourself that make use
specially with your life savings on which you are really that committing out such suicide when it comes into this action. Its not really that bad to gamble but it will really be that understandable
that you should be that mindful into the money that you are spending on which getting beyond with those limits will really be putting you up on such big trouble.

Your discretionary income is what a gambler should use to gamble. If you are the one that use to have a gamble budget every week then you can figure out how much from your discretionary income that you will use as your gamble budget. I do use 2% for my gamble budget and since I have being doing this it has helped me a lot to manage my bankroll and has saved my from excess loss.

Gambling can become a vice if you become addicted and that is the main reason why responsible gambling is needed at all cost. If you assign too much from your income to gambling, it will affect you financially and psychologically because funds for important needs will be lost in gambling.

There will be depends on how much his salary, so that will be the best if he know how much money he willing to spend in gambling. Using $15 every time he gambling will be okay if he can accept the risk of losing all of that money.

But if he allocates $30 for a month, no matter how many you playing gambling in that month, that will be good for him. He knows that he can not playing gambling for more than $30 in a month. So he will be careful when place his bet and always limit his gambling activity.

If you earn small, very small you don't have to playing gambling. That will make you in trouble because you must pay attention to your daily needs rather than playing gambling. You can playing gambling when you have more money so you don't disturb your daily needs expenses.

That's a point many gamblers ignore and they face negative consequences for that. Gambling is not for you if you can't afford to do it, if you know you are earning only enough money to take care of the household, there is no necessity for you to gamble. Gambling should only be to try one's luck if someone is gambling for money. If you have a few extra bucks from each of your pay, you can use that only to try your luck. If you don't win, don't push it because that wouldn't change anything.

Spending more money doesn't make you win, it might increase the odds of you winning because you will be gambling for longer but that doesn't mean you should do it because we all know that at the end of the day, we are the ones who will be at a loss unless we win something significant before exhausting our bankroll.

Well, but I can't always budget at the same amount when it comes to gambling. Like sometimes my budget is 2% and sometimes it is 4% but I try not to exceed 5% in any order. I believe it is difficult to manage gambling on a fixed budget. Although many are able to do that. Since there is no regular chance of winning in gambling and also there is no guarantee of winning in gambling so sometimes it is necessary to take a risk if there is an opportunity. But what we do is to keep it within our budget and within control otherwise gambling can lead to disaster.

A gambler can have a lot of money but still he should limit his betting to a certain amount so that he can avoid an unexpected situation. The bet amount can be slightly more or less but it must be set to a certain level.

Allocating money for gambling will be good because by doing so, we will also gamble with discipline. What is meant is, when the money we allocate for gambling is lost or runs out, then we must also stop gambling, and not continue it even though we still have money in other pockets. But if you only play with spare money or money that is not needed, I am sure not everyone can afford it. Because indeed, I also realize that for  those of us who only have a salary or money that is always used or important for everyday life, it is difficult for us to make spare money. Therefore, allocating money for  gambling is a good plan, and will also make us play with discipline and not be greedy to continue betting when  we win or lose.

Yes we should. There should be a budget if we want to keep that discipline or else it will chaos for us. Gambling is not something we should take for granted, it could make us greedy or too frustrated that we will keep on depositing whenever we lose which also means getting broke for us.

Make a budget, live with it. It's just for entertainment and should not be taken seriously. If we lose then call it a day, if we win, we do the same and enjoy our profits.

Well, that's right, I think this shouldn't be something that should be taken too seriously, because in the end what matters most is how much you can afford to lose, no need to go around in percentage divisions by connecting it to the amount of income for each different time.
This means that even if you have an income of $ 10,000 per month, it doesn't mean you have to allocate $ 500 just because it is 5% of the amount of income you have, and of course the smaller the better, the point is don't exceed your ability to lose money.

Basically, the problem of the downturn experienced by most gamblers, especially those who are addicted, is because they allocate an amount of money that they cannot afford to lose, meaning that you will not experience significant problems or even you will be fine in terms of finances, mental and psychological if you are able to treat gambling according to your abilities.

I'm not sure, if you earn less would be way better to invest the money, buy bitcoin, buy stocks, instead of gambling because usually the money you bet will be lost forever
that are some crossovers with investing but not many, in terms of risk/returns the real winner over the long run is the house, not you
I answered max 1% and would say that regardless of total income

The mistake most people that are new to gambling make is that, they think when they keep a budget that it implies that they are gambling for money as they are putting too much attention on gambling but that is not it. The budget helps to keep you disciplined and not making you take gambling seriously against your will. If you do not budget, you are always going to over gamble and you can not keep track of the money that you are spending because there was no initial budget from the on set. Putting yourself on a budget helps you to quit when you got nothing left from the budget but this does not mean that you do not have any money left but playing without a budget will make you not have anymore again. After you have allocated money for gambling, you too have to be disciplined to keep to the budget.

Using percentage is okay but I still prefer to go with spare money - I feel using a fixed percentage makes it look more like gambling is now something that must be done every month. Gambling is meant to be for entertainment purposes and we treating it this way will only make us start developing a different ideology of what gambling actually is.

If you have a spare money that you don’t want to use and you can afford to lose you can take part of it and gamble, you really should start separating gambling money from your salary - the same way you’ll allocate money for feeding, you’ll still allocate for gambling, it sounds weird to me.

the mistake of beginners is that they do not keep a budget and do not have a strategy for their finances, I even remember how I started, these were chaotic games with the goal of only winning and at the same time I did not keep track of how much I spent and how much I won and I know many people who did the same. And over time, when discipline appeared, it became much easier to control your finances, since this is the basis of all games: do not spend more than you are ready to lose at a time.

Unfortunately, what happens to most people is that at first they think of gambling just for fun, but when they get it right once, their thinking changes radically. They start thinking about gambling to make a profit, and when they lose, they chase losses. And in the end, they lose all their possessions and become addicted to gambling. The ideal is for people to always have many other things to enjoy, not just focus on gambling as fun. This is a mistake that no one should make. For example, a person should go to the beach, go for a walk with relatives, spend little time gambling but spend a lot of time having fun with their family. This way, the person does not get frustrated and does not become addicted to gambling.

It's not necessary to allocate any money to be set aside for gambling because you tend to always keep to that whenever you get an income, so Many gamblers do this on several occasions possibly when they get money in hand they keep certain amounts for gambling purposes but what I think is the procedures end up luring the gamblers to addiction.
So i think there shouldn't be any allocated money but rather you gamble with any amounts you can afford to lose  depending on your income rate, I know that some persons usually keep an allocated amount for gambling inorder to track their gambling habits but it all depends on the individuals decisions tho.

The ultimate goal of setting aside a specific amount for gambling is to avoid addiction. Some gamblers do that to control how much they spend on gambling at a specific time. When they exhaust the amount they have assigned for the month, they would have to wait for next month's or week's income to refund their gambling account. Controlling how much we spend on gambling also depends most on self-control. You can have a sound gambling plan or budget but if it is not effectively implemented it could still lead to addiction.     

Setting aside a specific amount for gambling is a sign of responsible gambling. And the truth about responsible gambling is not just setting aside a decent amount for gamble. But the other important thing is that we also need to limit the number of time we spend on casinos (both online or offline), because the more we stay in a casino we will spend more money (even if we keep small money for gamble).

I don't really know what "as a gambler" means.  As someone who enjoys gambling, I don't think it's a bad idea to have a regular budget to spend on gambling.  Certainly most people have budgets for things like entertainment.  At least the financial folks who care about their money.

Even if you're going to yeet your savings in Vegas, I would think you'd still have a number in your head that you're willing to play with.  I do feel bad for anyone who gets drunk and makes horrible decisions as a result of not having a number in their head.  I'm sure more than one person's life has been ruined by bad gambling decisions.

Allocating such percentage wouldnt really be ideal because just like on what you had said above that if we do stick into that 5% then on having a bigger salary or income will really be having that huge budget for doing gambling, same goes when you do have that small income then it wouldnt really be something significant that you could really be that making use into. This is why it wont really be that ideal if you do set out those % but actually its not really that bad on having those kind of limits but you should really be  that mindful on the overall amount that you are spending $500 allocation on a 10k salary will really be just that too much, but if you are someone whose really that earning up that much per month then these kind of spending wont really be that much can be felt, this is why its normal on having this kind of set up.

For me to control gambling addiction and regulate a total amount one should used to gamble or to limits oneself from spending uncontrollable while gambling it's also good to allocate a special and specific amount to gamble because this will reduce the way one could be betting games. When the amount is set to gamble even though the allocation got exhausted it will make one to have patients while they allocates the amount back to gamble, with this, gambling addiction can be reduced and gradually eliminated if that gambler doesn't apply excessive greed while gambling.

First thing we should know as a gambler regarding the amount of money to be use for gambling, we have to assign a particular amount in which we can afford to lose and gamble with, this said amount should be the rate that should reflect on our casino wallet, then secondly, we shouldn't overrate our gambling expectations no matter what, because we are not sure of winning or losing each time we are gambling until we made it to the end.

If the gambling addiction is so severe, well it would be very good to allocate a little money, and do not save money in large amounts, because it is the same as when the plan is to only spend a little because it is difficult to control yourself, no matter how much money is left it will run out, locking money and allocating a little money is the right choice.

Yes it is better to allocate some specific amount in f money from your income to gambling if the person is an addict to gambling. And for those who are not doing anything but looking for people to dash them money so they can use it to play gamble have nothing to do with gambling budget but gamble whenever they have money.
Therefore budgeting is meant for income earners so they can manage their resources whenever they received the salary.

How will a person have such a view that allocating certain percentage to gambling is not a good idea, i don’t know his reasons but i feel you should have shared his reasons with us so we can know why he thinks so and if his reasons are reasonable maybe we can reason with him but i don’t think his reasons will be reasonable enough because not allocating a small percentage of your money to gamble will endanger your whole money and gambling without planning is a terrible idea it can leas to lots of things like even addiction and debt accumulation.

I think i am just like you OP, i do have spare money sometimes but not always so whenever i don’t have spare money i don’t use all my money to gamble i only set aside a small amount to gamble and use the other funds for my needs and whenever the money is not enough i don’t make it a must to gamble. Maintaining a responsible gambling habit is the best way to go about gambling in order to get the best out of it.