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Fact is that if you've never paid attention to how much you spend on your minor wants, chances are high that you can never make proper budgeting for your gambling.

Sometimes, the amount we spend on things that don't add anything to us is always more than the amount we spend on gambling and for gambling expenses, it's even better because there's a chance that you might win and get a return from what you've put into it but for the regular expenses, once it's gone it's gone for good and it's easy to spend so much on small items without even knowing that a lot is already going into such as long as you're not taking record of such expenses.

If you want to practice proper gambling budgeting and see that it works effectively, you first have to start from personal budgeting and then you can easily implement it in your gambling.

What's your take on this?

I absolutely disagree with this.

If you are able to have savings after all living necessities, you can be using not more than 1% of your income on gambling. No need to think about the budgeting like it is something special.

I spend more on things that add up to me than things that do not add up.

That’s why there’s a famous line, gamble only what you can afford to lose. Gambling should always come after you’ve taken care of your personal budget, basic needs, and savings. If we’re already struggling to cover our daily living expenses, then that only means one thing.. we simply can’t afford to gamble.

People have a scale of preference, hence they spend their money based on order of importance. Some people might prefer to spend money on movies, junk, cigarettes, and other unimportant needs instead of gambling. The level of fun they derive from an activity will determine how much they will spend on it.

But just as you have highlighted these expenses might not bring returns like gambling. Gambling occupies a low position in the scale of preference because  I use an insignificant part of my income to engage in it, as the returns are not certain.

I agree with your general point which is that being conscious of little things around us that matters can have a way to influence our attitudes to gambling. Although I tend to disagree with a few of your scenarios.

Truth be told, if we practice good cashflow management, we would be able to apportion every penny that comes to us into the various mediums of utility and still have discretionary income which we can either save or invest. A large chunk of mistakes is done when we don't plan out our finances firstly before going ahead to start spending it. If proper planning is done, we can open the possibility of stricter discipline in our gambling activities by only engaging in it only with funds allocated to it which for me is less than 3% of your income.

Count me in, I'm someone who not making budget for personal, but I do make budget for gambling.

I use minimalist lifestyle where I prioritize my needs and I try to buy the cheapest. Let's say I want to buy sunscreen, instead of buy the small product which only cost $5 for 100ml, I will buy the big one which cost $30 for 1L. That's save me $20 and I get the same size.

I'm making sure that I won't spend something that don't add anything to me, however when I making budget for gambling, it works effectively and I don't make more deposit if I ran out of my bankroll.

I would definitely agree with you, budgeting is ESSENTIAL and could maximize earnings/profits/expenditures and so on.
Some people told to me = well but this is a tiny fraction that could be earned on this way... I know but if you are earning even 5% of your yearly salary in that way you can have 1-2 monthly salary for FREE! Just optimizing your expenses.
If you apply the same in gambling you can "gamble for free" or at least without the stress of losing money.
I think this is wise decision...

I totally agree with you and the OP,  before removing funds for gambling from your income you need to first satisfy your personal needs. Personal needs are expenses that you cannot afford to ignore like food and rent after which you make provision for discretionary funds, from their is where you'll remove funds for gambling. If your income cannot satisfy your primary needs that means that there wouldn't be a provision for gambling fund. It'll simply mean that you don't have amount that you can afford to loose. Every responsible gambler should have a budget for their income, it is from their that you will decide the amount that is convenient for you to spend on gambling that won't affect you negatively.

Gambling budgeting is important so you don't use more money. But not many people aware of this instead just continue deposit whenever they lose in gambling. That will make them bankrupt anytime and don't realize what happen to them. It is why gambling budgeting is the must thing you should do because that will prevent from using the money for other needs.

But if you want to succeed with your gambling budgeting, you need to have discipline and strong self control because the temptation to deposit more money will be there. It will related to allocation the money to the right place so you will not take the money from other needs just to gambling.

Are you saying that we should gamble with the money for our minor expenses because we can make profits from that money instead of using it for ourselves and families. I don't see think that's ideal because it means that you want to start gambling with an amount that you can afford to lose. Your win is not guaranteed because gambling is a game of luck.

It also means that you are taking gambling as your priority which is wrong. Have a gamble budget and stop gambling when you have exhausted your budget for that week until you have refilled it the next week. If you have kids, or people living under your roof that it's your duty to take care of them, you can't avoid little expenses.

Personal budgeting will not improve gambling outcomes. It will minimize the amount of loss but never bring in profit or something good.

There are methods to handle gambling losses but all of them are only bandaid like. If you want to improve in gambling you have to stop gambling.

It might sound like a deal breaker but it is the truth. However much you try to budget you will not be able to save unless you stop.

One thing you most understand is that, each and everyone us here have different ways we do things. So is left for you to decide if you can add up your expenses into gambling because is pretty obvious that there is no how you can easily to tell someone to leave other things he or she is doing aside, and only focus on gambling. It would never be possible because gambling is not something to rely on heavily, is better to engage on other things aside from gambling than using it to Play gambling that you are not sure about the final outcome.

Of course you are right and people do not usually count those ones as loses because it's not going directly into gambling budgets. One thing for sure is that whenever a gambler starts classifying every single amount into gambling then I might say that they wouldn't be that far from getting addicted while gambling, to me let the money mapped out for gambling should be for gambling and the money mapped out for other expenses should be for that irrespective of how little or small it could be. People must not give account on every single expense they are making from their finances or even classified them into gambling because sometimes there could be loses incurred while gambling.

You should think about using the amount left after you done paying attention on your bills , investment and other necessities. What money left(extra funds) can be used for gambling.

But don't think about using all of extra funds since maybe you might get a problem if it happens you lose all of it. So maybe try to spend only 1%  or even 5% on the excess funds you have.

If you really want to practice better start with disciplining yourself towards on your spending's so that you can separate everything and have proper budgeting towards on where you want to spend your money.

I don't think there is a point to argue this. You are absolutely right. The primary goal of making budgets is to strive on maximizing our profits.
And as disciplinary investors or traders, there is every necessity to also note that there are leisure basis which we also make expenses that probably won't bring improvements to our source of incomes rather than consuming.

Meanwhile... Without a drastic measures of how we should manage our incomes for long term sustainability we can not consider to gamble or spending on the unnecessary things.

So, essential needs should be considered on our budgets before fun likely... That of gambling.

I'm not suggesting that doing personal budgeting will help improve the chances of winning in your games, as a matter of fact, it does not in any way have the slightest effect on the outcome of your prediction. What I'm suggesting is that, if you've never taken the need of doing personal budgeting seriously, it will be deficult to implement it in your gambling when you're hoping to do so.

If the plan of gambling with what one can afford to lose is going to be implementable, then it ought to start from doing personal financial planning like personal budgeting and then it becomes more easier to implement it while gambling. You can't really give what you don't have.

The money spent on those things could be much but they dont see it as anything because they had a nice time with it. Most persons spend similar amount on gambling too because that is one way to have good times too and let go of the stress. It all depends on the reason why we are gambling so that's it.

One thing you should also know is that, there is a time for everything. Dont consider money meant for enjoyment and fun as a waste.

many people do not understand this and end up getting into debt and doing anything to play, acquaintances or even friends have come to ask me for money to play, so for me this is nothing new, many do it and put gambling as a priority, when they understand it will be too late

This has to do with priority and the order of preference to what we want from our pressing needs, sometimes it not that we forget about some needs, but we have chosen to place them under a secondary demands, so don't be surprised if some a gambler is seen attending not to other things and choose to gamble first, he might have his own reason for doing this, we cant expect people to act the same way we could have done if we are in the same position, more so, the way we all see gambling is different form each other, some derive pleasure in it and whine away their time and let go of stress, while some to make money.

We really just need to be responsible, because no one is truly safe here, whether we have a small or big gambling capital, the money we’re using is always at risk. It's also easier for poor people to get addicted, since they’re more desperate to earn money. But it’s wrong to treat gambling as a source of income, because in reality, it’s not meant for that.

Of course, every individual has his own way of how they apply a personal budget or gambling budget, you do like this, of course I do like that, nothing is the same as all has his own frequency in budget arrangements.

Personal I will do the budgeting with efficiency where Gambling Anggara is not stirred by personal budgeting.
I mean, the money to gamble is not my passive income or my monthly salary, I gamble using side money, of course, with the money I don't need to bother to do budgeting I can spend as I like, that's how I work in budgeting.

Gambling budget is effective but less important when you have a good financial sources of earnings, above an average spender. The rich hardly projects budgeting, the rules of budgeting mostly apply to average and less classes. You should also know that gambling isn't the most fun part of entertaining one's self, perhaps if you think since gambling can in return give profits while the entertainment, try to understand how difficult it is to win whereas luck only works a few times and majority of times you lose.

You are making a lot of sense here but even though they are minor wants the bottom line is that you still ended up spending the money on yourself and what you want other than gambling with it. Even though you feel like those money spent would have been doubled with gambling what are the chances of this happening? There are no guarantees of getting that money back, it's possible to end up losing it.

I don't agree.

How hard can it be for you to just use one percent of your income to gamble? I don't need to know how much you earn every month, just the math yourself and keep using that for gambling, it's really not hard at all.

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Everyone has a bill to clear this days, nothing comes for free even if you are not a family man, you still need to pay bills and buy some foods, that's why one need to get a paying job.

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Since gambling is very risky you should always have this in mind that it doesn't deserve more than a percentage of your income.

Anyone who doesn't include gambling at the bottom of their budget and categorizes gambling in an order where it takes priority over important things is a complete red flag and means there's a problem.

In fact, gambling shouldn't be included in a budget as if it were a shopping list, because when you include it in a budget, you're giving it importance as if it were an option you can't omit.

There’s only one big problem this which is the emotion will make you lose control when budgeting your gambling experience. The effects of gambling on our mind especially when we are losing big time will make us out of focus because our goal will shift on how we can get back that losses.

Experience is always the best teacher when it comes to gambling because you will never know what’s the actual experience until you play it for yourself and encounter a scenario that will make your emotion unstable.

Although there’s some people that has high self control but normal people will usually fall victim on gambling greediness effect.

That's true, gambling is not precisely predictable, we should not take it for granted and also be able to understand all that is involved with gambling, we can't have full expectation on the result on what may comes out, anyone gambling should have the expectation of the risk also attached and see if they can cope with the conditions, we must plan adequately well, in other to get best of it all with our budget for gambling.

Most gamblers may only set aside a few % of their income for gambling. Not many will do a detailed budget for detailed things. The most important thing is routine needs, and they can still save some for investment or emergency funds.
Everyone has different needs, so is the budget for higher needs and leaving a little for gambling. I set a gambling budget as an allocation for entertainment. So it can be used flexibly for gambling or other entertainment.

This is a good way to manage your capital, so you know how much you can spend on your gambling habit. I agree that making it a habit to see what you are spending on is essential, so you are aware of your current financial standing.

If you are using an application to record and track your expenses, you could have already created a budget if that feature is available in the app.

I think this is a must and not just for gambling people.

Spending with your wants or gambling, both of these things arent that good in any way. Why? there's soo much thing on which is far more important rather than on making yourself that spending into something that you could be able to potentially be wasting up your hard earned money. Its not bad to spend up some funds into your wants or on leisure but everything should be done in moderation and control if you dont want to mess up your life with it. There are just that those times or situations that you do become that too impulsive just because you have something or needing up to hit like having that wins or even acquiring a certain thing that you do really want despite of the amount or value of it on which it causing up for you get overdropped or having that affected finances just because you cant be able to control yourself on doing such thing. When you do play gambling then always make it sure that you wont be finding any issues about finances because this is where people do usually mess up their lives just because they are that doing things excessively without even thinking about into the consequences on which this is the sad thing about other peoples mindset and thats why they do end up on having some problems because of that. Always make it sure that on the time that you do deal up with something is that you wont be totally forgetting on what you are trying out to deal on with. Having some gambling allocation or budget then its not a bad approach because you do know or have put up some limits on how much you should be spending with it and always make it sure that you will be not be able to make yourself having some issues about on being impulsive because of that. Always be considerate about into those potential problems if ever you do made out some excessive move just because you are trying out to deal up with something that not out of your plan or budget. Gambling is just that for fun and entertainment and never make yourself that being that too delusional with that because at the time or moment that you do have that mentality then this is what pushes you to play up even more and its always been that a bad approach towards gambling and you are just that putting up yourself into trouble.

Agree with you because what you said is true. We will gamble only with what we can afford to lose. Even if we lose all our money while playing games, it should not affect our daily lives in any way. If we can play games with extra money while keeping our daily lives running smoothly and keeping all the systems open, then I agree to play games.

Many lose money while playing games and become destitute, disrupting their daily lives. Still, they do not stop playing games, and in this way they are making their lives difficult. If we can get out of these and play games for fun, I will agree. Moreover, if we lose money while playing games, become destitute, and disrupt our primary lives, I do not agree with the system of playing games.

Actually, it depends but it's also related. Yes, disciplines come first at some other things and that means you can apply it too on gambling but remember that it's not always the case. Some people are very impulsive on buying things especially the necessary ones, but they aren't spending too much on gambling. It's a separate thing, it's still possible to be more disciplined in gambling than in personal stuff and also vice versa, people are good on budgeting foods and necessities but when it comes to gambling, they're reckless. So, budgeting in personal stuff is not the prerequisite of being a good and responsible gambler, it'll always depends on your priority and some people prioritize gambling, so they spend a lot more and doesn't even think about the other needs in life.

I have thought about this before and I had the same ideas, sometimes we spend money on things that we regret, they might be clothes, gadgets or perhaps other things that might later be considered as a waste especially when they are overly expensive... whatever the case maybe at least you used it to get something for yourself, money that's spent on your wants even if they are unnecessary is way better than losing it completely in gambling

Money management and risk management. If you don’t know how to do either of those, it means you shouldn’t be gambling. If you know how to manage money/risk, then you’ll exactly know which bets to take and which ones to avoid. This is a skill set you can use everywhere, not only trading. You can use it while making investments too.

If you don’t know how to manage risk, there won’t be a limit on how much you can lose. It is because you never thought about it and it will be too late to do something about it when you lose your life savings. So it is better to make plans before the shit hits the fan.

If a gambler wants to gamble responsibly, I don't think they need to implement such things. Because gambling is part of the entertainment that is visited when having money left over from needs or allocating 1% - 5% of income to gamble for one week or one month. It's quite simple and if someone really wants to gamble and applies such things, I'm sure they won't gamble but choose something more profitable.

i disagree with you, because the money we lose in gambling should be much than what we spend on our daily basis, so gambling expenses is much, you can spend $1000 in gambling one day but you can't spend $1000 unnecessarily, so that is what we have to know about gambling, we really spend much on gambling more than what we spend on daily basis except that the person that is not a gambler, a real gambler spend much money on gambling

I think what you said is right that we have to start with small things and get used to it so that we can be disciplined in big things, and this applies to anything, including gambling budgeting. In addition, I think we also need a time target whether we can really do personal budgeting, maybe around one or two weeks, and if it goes smoothly, then I think it can be applied to gambling budgeting, and don't forget to still be able to control emotions, and time well when gambling, because I think that is also important to discipline ourselves, and we can still be a responsible gambler.

So you're spending money you spend on gambling is better because it gives chance to win something but it's bad if you spend on foods, groceries or anything that we consider minor one?

No, I disagree. Anything you spend on gambling should be considered as complete loss that's how you should prepare if you want to practice the responsible gambling not the other way so if you lose then you will not worry about how to make up for that. And if you can't do that then my suggestion is don't gamble, it's not something you must do.

This is obvious and does not require any calculations, since no one can spend more money on gambling if their income is low, i.e. you cannot bet $1,000 if your earnings are 500 bucks. I think it would be acceptable to allocate no more than 5% of your income to gambling.

This does make alot of sense. Basically if you fail to control the way you spend on rather your budget on other reoccurring expenses as the day goes by then there is a higher chance that you will also fail in being able to account for your gambling expenses. When people talk about controlling your gambling budget it is not necessary a scenario where you take a pen and paper everyday and calculate the how much you are risking and how much you will risk in subsequent games.

Basically what it means is being able to keep track of what you are putting in and what you are getting out. This is where addiction has a lower chance on a gambler.

Gambling is a form of entertainment, just like going to see a movie at the cinema, going to the beach, or playing football. So everyone needs to know how to manage money so that they can have fun with many forms of entertainment. Gambling is not the only thing that people should think about in order to have fun.

By this I mean that first the person should pay all the bills, then they should set aside money to have fun at the beach, at the cinema and other things, and only the rest can the person use for gambling.

If something doesn't add anything to your life, you shouldn't be spending money on that at all. However, you have to be careful if you consider gambling as an essential expense. Just because there is a chance you win money from it, it doesn't mean you are going to win. Keep in mind the chances are against you on long term, so the more you gamble, more money you are likely to lose. If you think that way, gambling also doesn't add anything to your life, right?

But then, there is also the entertainment aspect. You may think gambling is more entertaining than to spend money on other things, so there is the possibility it adds something to your life on that sense. As long as you adopt the right stance and mindset towards gambling, it will be ok.

Perhaps you just have to spend on things that you need, plus set aside some savings. If you're tightening the belt and can't have savings, it's probably all right for as long as you've sufficiently provided all your needs.

If in the end, there's nothing left for gambling, then so be it. What's gambling, anyway? Gambling shouldn't even be on the list to be provided budget for. And don't reason out that it's something that could even generate further income for you. That's complete nonsense.

I agree with every word. Because before I was the one who didn't know my expenses. I saw that I was earning a lot, but my expenses were such that I constantly had to borrow money from everyone. And time after time my debt grew and grew. Then I started an expense tracking program and was surprised at how much I spent, especially on food! There were also huge expenses on stupid entertainment, and things that I didn't need. I bought a lot of games on Steam and didn't play it. Then I realized that it was better to save on this, and save money, or sometimes gamble. That's when I first came to poker.

Habit is a habit, no matter where you are. If you are good at money management in real life then obviously you will be good at gambling budgeting as well.

Basically the common sense is the key factor. Some people misunderstand about skills like different field requires different skills. But, basic human habit are same everywhere.

If you are able to make good money management as your habit then you can easily apply same kind of principles even while gambling.

So, I agree that experiences on personal budgeting will definitely help you in gambling. But, you cannot be lazy like you are aware of everything, so everything will be all fine. It means that you need to be conscious and fully cared and then your habits will protect you from the dangers of  gambling bankroll related things.

Nah, I’d rather spend most of it or save it instead of using it for gambling, simply because that’s the only amount I can afford to lose. Never go beyond that. I’ve done it before, even though I knew the results wouldn’t be on my side most of the time. So I’d rather spend it. Separating a budget for gambling isn’t everything. You also need self discipline to actually stick to that budget and only use what’s meant for gambling. That’s what you really need to practice more.

I agree with you, someone that doesn't know how to handle their other budget can not also know how to budget for gambling, budgeting is a lifestyle that some people find very difficult to cultivate and therefore they usually face financial difficulties because of spending unwisely. The reason why some people easily gamble off all the money they had or spend all their salary at once in gambling is because they don't even make serious budget for other important needs that they have to settle before allocating some money to gambling.

Such calculation can be useful only for a player, someone who considers his gambling hobby an integral part of life. In all other cases, I would prefer to control spending on those things that are not necessary in my life, and first on the list would be games. Other little things are also important, like the same shopping trips and spending money on entertainment for my family and children, as well as an extra pair of shoes or an extra rag. I do not see the need to save and deprive myself of delicious food in a restaurant or beautiful things just because sometimes there is a desire to play in a casino. For the most part, we lose in gambling, and therefore the first joys in my life will be other little things and only then gambling.

Before making a gambling budget, it is necessary to look at the amount of expenditure in one's daily life. Many times it is seen that gamblers are making a budget for gambling but do not have a proper idea of ​​the actual expenditure in their personal life. And if a budget is made without this idea, then that budget will never be useful. The expenses that are considered insignificant at one stage can add up to a large amount. That is why gambling budget should be made after completing the personal budget. So that there is no impact on the gambler's personal life. If the right budget cannot be made for gambling, at some point it can lead to addiction.

When I gamble, I use personal money, because I know that gambling should be entered with as much money as I can afford to lose. Gambling should be maintained in this way, otherwise you will face danger, gambling means whenever you spend money on gambling from other places or fulfilling basic needs, then you will always face danger around you.
The gambler will then think that I have to win money and fulfill the needs of my family with this won money. If you gamble with such a mindset, you will definitely face danger, you should never get involved in gambling in a tense state. That is why if you want to play this game, you should gamble in a calm environment and with personal money according to your ability.

I agree with it. Those who budget their own expenses will probably be good at their gambling expenses, too.

It's also a matter of getting used to a habit of counting everything or calculating all the losses and spending for the day. Those who always do this will have a hard time spending too much on gambling because they know how important money is.
A person who pays for his own bills, necessities, and food will gamble wisely and would stop at a point where they cannot afford to spend more money anymore.

this is so true. sometimes we are too quick to focus on the broader picture at the negligence of the very tiny thing that matters the most forgetting that once the foundation is not properly set, everything that follows afterwards is going to face her own share of the problem. gambling does not just happen overnight, before it starts, you have engaged in a lot of financial responsibility which might have some sort of effect on you and also influence the way you go about things. imagine someone that is already a drunk that decides to go into gambling for instance, the implication is going to be that the bad effect of gambling is going to also affect the way he goes about the gambling and certainly, he will not have stayed long before he becomes an addict. same is the case with someone that has a poor financial planning lifestyle, he is going to also experience issue with his planning because he probably have never been good at it.

Personal budgeting is different from gambling budgeting. In personal budgeting, what you need and want is your primary consideration; in gambling, your allocation is for entertainment, and to make money, there is a different mindset because in gambling, you are susceptible or tempted to use more money because of the temptation that you can double your money.

So, if you want to have a good budget in gambling, learn how to be a responsible gambler. if you can do this, then you can control how you budget your bankroll.

I agree with personal budgeting first then gambling budgeting because that is our important thing in our life. We can not start from gambling budgeting especially if we can not control ourselves better. We may lose all of our income at once if we only budgeting for gambling.

We need to realize this so we just set a budget for playing gambling and allocate the other money for our daily needs. We know that gambling budgeting is something that we will not regret if we lose. We can accept the result and will not add more money to our gambling habit. We still prioritize our main needs than just gambling activity so we just playing gambling occasionally.

You might be missing somethings from what the Op meant.
From my understanding, he was driving to what categories between responsible and irresponsible gamblers. As learned gamblers just as you said, gambling budgets should be treated optional since it's just fun activities while basic human needs and investment plans should be made a priority and comes first.
That defines you a responsible gambler because if you've to loose those certain amount of gambling, you'll have nothing to regret about.
While there're also those irresponsible gamblers who considers gambling first once they've money and they usually regrets it after loosing. So they either struggles on affording those necessary needs neither do they see improvement in their incomes.

It should be on your character if you have control over all your decisions, whether it's a personal or a gambling budget, you will have no problem implementing this.

Everything we do in our lives when it comes to finances, we should have a level of control over our spending if we want better finances or a bankroll.

You don't have to practice budgeting in your budget to become good at handling your budget in gambling, it will come naturally if you have control.

Like in the case of the forum,  this might not actually apply for some who have a day job and have a passive income coming from sigs for example...Whatever money is being made IRL can never have an allocation for gambling as Sigs pay can cover the entertainment side of things.. unless you are high roller gambling tens of thousands of dollars 💸 then in this case  some kind of budget wouldn't be a bad idea...

But then again , someone that is gambling away a thousand dollars per session tells a story of them being able to afford the losses and they know too well whats invested and what's returned as profit or loss.

Financial management is important so we must certainly try to make this a thing that must be forced from the start so that we get used to it because after all, to survive in the life we are doing now, financial management must be one of the things we must pay attention to.

As for gambling, this can also be an important thing but of course before we budget for gambling, we must have good management in economic needs. What happens now is the opposite where sometimes not a few people actually prioritize money for gambling compared to their daily needs, especially for those whose economic level is below sometimes more force to have money to be used as gambling capital than to support their lives because they think that by making their money as capital for gambling this can make them feel confident that they can change their economic level in the hope of winning big in gambling.

Making a proper budget is a big part of being a responsible adult and the only way you can really be a responsible gambler. You need to know your incoming and outgoings funds each month, so you don't accidentally over spend. Over spending can lead to debt and desperation, which can be a devastating combination for someone who likes to gamble too. Once you build an honest budget that captures everything, then you'll finally be able to assign an amount of "fun money" which can go towards activities like betting. You might want to cap the money spent on bets as a portion of your fun money, because you'll want to do things like go to restaurants or enjoy activities with friends using the remainder. Having a budget, even a rough sketch if you struggle with detail, is super powerful.

I have seen very few poor people gamble, but the rich people are the ones who gamble the most. I have a friend who is known online and bets hundreds of dollars every day, but he enjoys gambling, which is why he is always involved in gambling.
I asked him why he bets so much and it doesn't matter if he loses or wins, but you have shown signs of addiction, he replied that he has not faced any addiction, but I have fun here and at night I gamble and dance and romance in clubs. But my friend doesn't keep a budget for gambling, he bets as much as he has to.

Totally agree with you.

And it makes sense to gamble when you have the funds because firstly it's not money problems on your mind , and gambling gets less risky when the funds are there...

Say for example this fellow puts in $100K on a 1.2 odds game, when that.wins they will probably take that profit to servicing their car or save it up for an upcoming vacation... Gambling should never be difficult  8)

You can budget however you like, but always make sure to leave the necessary money aside. Bills must be paid, family must be fed, savings set aside and so on... Whatever is left is yours to do with as you wish. Although personally I only gamble the smallest possible amounts because my goal is entertainment, not making an (impossible) income from gambling.

10% of whatever is left of my disposable income is my budget.

Although maybe for some people this amount would not be very much because they would rather spend thousands of dollars in gambling.

Self discipline is key, budget comes second.

On the scenario that you provided then yes it won't affect you, it's true that if you have the money it won't bother you, unlike with those who needs to barrow just to play, those are the kind of gambler that's prone getting addicted sooner or later they'll realize that they've lost a lot and only regret can be done, there's no way that they can recover those missing money either to seek help or to continue and keep losing more.

Gambling is fun when you gamble for entertainment and setting up a budget for it is very important. I only use very little amount of money to gamble because I am not after making profits from gambling since the chances of that happening is very slim. If I am lucky and win my bet, I enjoy the fun more but if I lose, I quit and call it a day.

I will not make it too complicated when it comes to gambling, I do not need to set specific gambling budget by using too complicated calculation based on many things.
For me, as long as what I can spend in gambling will not be something that may affect my other important things in real life, I'll go with it.
Although I have my own way to spend which money to spend in gambling, but I take it simple because I do not want to take it seriously which may make me think too much just for gambling.
Gambling is not a primary things to do so basically I do not need to think about it too much by having complicated calculation or even by having a specific gambling budget based on salary or other income.

My take on this is you are right. One needs to have a wide sense of budget and personal budget before going onto the money one of willing to put at stake on casinos and betting on sports. It sounds like something obvious, but it is not so for so many people who do not care to take the time to have a brief analysis on their personal finances and their expenses before jumping into casinos and bookies.

Performing such economical analysis on ones budget is more important if one happens to be a regular gambler, instead of a casual one, who only gambles once in a while or on a few occasions per month or year, because losses can accumulate faster than we think and could affect negatively our way of life before we realize something wrong is going on.

I am absolutely sure that gambling has affected the control of not only my bankroll, which I learned to control back in my poker days, but also my personal budget. I will never make unnecessary purchases that I do not need, I will find out which cashback is better and whether there are bonuses that I can get, even if I just go to buy groceries in the store. In addition, it is important that part of our budget worked for us, for example, investing in financial assets. But this is how I see managing my budget, although I cannot completely give up gambling either, because it discharges the pace of life and allows you to enjoy the game with a bet, I think many understand me. Although I know for sure that the limits of losses per gaming session are what every player should control their bankroll with.

Recording expenses that have been spent on shopping for necessities seems more effective to do than spending on gambling, because shopping for necessities is a top priority for everyone and of course there must be a breakdown of the money that has been spent so that it can be a benchmark according to the income we have. Unlike gambling, gambling does not have to be done continuously; in other words, if we have more funds outside of daily needs, then it would be much better if the gambling we do is from those funds, of course with the consequences, and making gambling for entertainment that is used from funds outside of needs and does not have to detail the budget that has been spent on gambling

When we have a budget for a specific thing, we will be careful in advance that this limit cannot be exceeded and we have to complete the task within this budget. If a budget is set in gambling, then it is easier for the gambler to reach that target and finish gambling. There are some gamblers who do not have a clear idea of when they should stop and when they should take a break, such gamblers just keep gambling and they gamble until they lose all their money. If you gamble in this way, the chances of the gambling result going against you are high. We can do this by setting our daily budget in advance. If we do this, we will have an idea of how much money I can use for gambling on a day.
By gambling in this way, a gambler will gradually gain good control over his gambling and he will do better in gambling later.

A very good thought, considering however the needs in real life must remain a priority compared to the online gambling that we often do. when talking about the gambling budget, it goes back to each of us, what is the best strategy we have to divide the income we have so that it is enough to meet all aspects of needs and desires, although if you think about the final remaining that will be used for gambling, it must be relatively small, but the positive side is that you will not feel too lost when you lose, because the funds used are really the remaining funds for the gambling budget.

With inflation and the calculations I had to do with my son for his pocket money, I realized the importance of small amounts. A not-so-good sandwich here (when a homemade one would have been much better), a drink there, a pair of clothes (when the next day is the sale), in short, all of this can ultimately add up to a few hundred euros for not much.

With digital money, it's not easy for children to understand the real cost of things, but in the end, by explaining it to him, I realized myself that I had lost all concept of money and the true cost of small things.

As soon as my son is older, I could spend this pocket money on gambling, but I would never exceed the set budget.

We are not all the same... If you keep that in mind, you will realize that not everyone is capable of the same things. You wrote everything nicely, and I agree that we should take care of ourselves, but for some of us, keeping track doesn't work at all... that's when you give in too much to the moment & pleasure.

My take is always the same:... don't deposit if you are not ready to lose it. Don't gamble if you can't afford the loss. I am not a pessimist, I am just aware of how quickly & easily luck can turn its back.

Somewhat I agree, but I don't think a good budget planner who starts betting will end up good in bankroll management, it's a different ball game when you are betting, there are emotions attached when you're betting, you are apt to lose control when betting than with managing your expenses.
You tend to forget your best practice in budgeting when faced with challenges in betting, I have experienced that myself.

If you win, if you don't, the money will be as badly spent as buying things that don't add anything to your life. I control every penny of my household expenses, I have children, so I can't leave any detail out, I need to have total control over expenses and income. What I have to bet is already set aside for my "leisure", I don't mix it with personal or family expenses, and although I like casinos, my priority will always be my home/family.

You have a horrible mindset if you are managing your personal budget alongside your gambling budget.

When you say "budget" it means that, whatever the odds are, your gambling budget should be fulfilled no matter what, like it's already part of your financial plans. Eventually, that gambling budget will soon deplete, and to meet your satisfaction, you will pull some from your personal budget.

Forget that budget, especially for gambling. Just play gambling with the amount you think you can spare, the moment you want to play.

it depends because what if those regular expenses are your bills? you are not supposed to feel regret for paying your bills or buying things that you need it’s not gonna generate more money but it gave you something in return like a service or a product
i agree because the budget for gambling should be what is left of the overall budget

If this is your opinion, then it is fine. No one should tell you that you are wrong because while it may not work for me, it may have been working perfectly for you. I don't give so much to my gambling budget after personal budget because I already have a system for it. 3% - 5% of income goes to it. It fluctuates within that range but it doesn't go above it. That is how I work it out and it has been working for me for as long as I can remember. There are different opinions that I have read. It is what that works for them. As long as you are using the money that you carved out for it and are doing it responsibly that is good practice.

That makes sense that we have to be good in our personal budgeting before we become better in implementing it with our budgeting in gambling. This is a typical budgeting of a working person;

https://thumbs.dreamstime.com/b/family-budget-different-parts-household-pie-chart-35158735.jpg (https://www.dreamstime.com/royalty-free-stock-photo-family-budget-different-parts-household-pie-chart-image35158735)

And as we can see, there is the 10% for hobby and recreation which can be allotted to gambling. So, by having that percentage, we can say that we're already a good budget manager of our salaries. Not just that, we need to be consistent and won't shoot out with the allotted percentage for gambling/recreation.

Some people may be consistent, but most who do this kind of budget implementation will be affected because their psychology is not strong enough to resist the temptation to bet more.

10% of the salary is for hobbies and recreation, gambling may only be about 5% and that is more than enough if you only play for a hobby.
But if the allocation limit is exceeded, all the budget allocations will be chaotic, not disciplined in the management carried out will only cause losses.

I don't understand this budget allocation pie graph. Is this monthly or yearly? If this is monthly, do you really spend 10% of your income to clothes or 5% to travel? If this is also annual, why is there no slice for savings? What happens if the company you are working for suddenly closes? Then you have no money to spend while hunting for your next job?

I think this depends on your monthly income. Sometimes we just have to depend on how much is left after all the bills and necessary expenses are paid. Only then we can consider gambling.

Very rich people don't like to lose money, they are constantly calculating the amount of money they have and when they enter into something where they put money, they want to win and recover the principal quickly. In your example, I highly doubt that rich guys who used their heads to get rich would bet on a game with odds of @1.20

Even if I had billions of dollars, I wouldn't bet $100,000 on a game with odds of 1.20, risk losing $100,000 to make a small profit. Many people prefer to have many consecutive losses because they are betting on games with very high odds, but on the day they win, they win so much money that they recover everything they lost and make a profit.

My take on this is that if we treat gambling like the way we treat the things we spend our little money on, which don't actually matter or add much value to us, then most of the gamblers might be a moderated one.

The money we spend on little things we don't take account of automatically before we finish spending on them has already been recorded as being gone. We don't expect a return, and that's it. But the moment the mindset of something can come out from here is in us, the amount we spend increases, which is what makes gambling different. We risk money in gambling because of the hope to get something higher.

I have my personal budget but i don`t think that it is connected with gambling budget. When i prepared my bankroll, i counted it in my personal budget, how much time i need to create new bankroll if i lose, etc. But during the game they were not connected - i only marked withdrawals in both of them.
But of course it depends on gambler and his gambling style, someone transfer money from personal budget for gambling everyday.
PS. And personal budgeting would be good for everybody - it show your expenses and can help to correct it.

But what if money doesn't come back? At what point do you just accept that you are risking money in gambling because it is enjoyable. You enjoy playing casino games. You enjoy playing with your friends in card games. You enjoy betting on sports. Those are valid reasons to spend money on. No need to validate spending money in guise of investment.

Sure, we talked about it recently in this thread here, where you can read my answer here

https://bitcointalk.org/index.php?topic=5539372.msg65522212#msg65522212

Being careful about how much you spend allows you to play in a cool and calm way.

Being dominated by emotions is not nice, especially if they are negative emotions.

Certainly,most persons believe that personal management/ budget should always comes first.Their personal assignment is their primary focus before ever they can allocate to paring with gambling.Asides anything,there're people who'll not accomodate interference with financial status.

If you will stick to this mantra, you will surely have no problem when it come to your gambling life. Because you know your financial priorities and you won't have problem playing because you already take care of your basic needs and other priorities. Gambling supposedly is just a luxury. So you only play when you have extra budget so to speak.

I believe, most gamblers already know such strategy however, I do understand that when you are in front of your games, betting and enjoying, it is like you want to play more and deposit more. It is on you how you will contain yourself in such situations. More than likely, you already have you fair share of losses, so you should know what to do already. Because you need to convince yourself and not others.

One who's got this allocation could just max out the 10% for entire gambling. But it's true that not everyone will be consistent on it because this serves as a guide and we as the ones who will follow it will still have the decision to make with the temptations that we see.

Most likely this is per salary day. It depends on how you look at it, it's just a guide made by someone and it's not mine. This only shows as an example of a regular working person on how his salary is allocated to each of them. While you make too much things to worry with, it's only a sample about alloting to budget for some gambling expense(recreation).

More temptation to go beyond the allocation limit that has been made in the event of a defeat will make them more emotional to play more and return the defeat.

Some succeed, but more fail to turn the tide even more and more losses are incurred.
This was due to their own greed and carelessness, unable to control it to stay within the prescribed limits.

I personally see the difference between rich and poor people in their motivation and purpose of gambling. Poor people gamble to get money and become an additional source of income. That is why poor people tend to be addicted to gambling because they continue to lose their money. On the contrary, rich people have the motivation to gamble just for fun. They need a challenge. Spending $ 100,000 to get $ 20,000 is not a challenge for billionaires who can earn millions of dollars per month. Instead, they take high risks because it will increase their adrenaline and allow them to have fun. That is what I see from some short video clips that I found on social media.

That is why it is very important for gamblers to have very good emotional management. Someone who cannot manage their emotions well will make them act recklessly and greed will make them continue to exceed their budget. And that is what makes most gamblers become ruined and lose their future.

It should be like that, but what happens to gamblers with small capital or poor gamblers is something different. Because of the effects of gambling addiction, the personal budget will be pressed to get an allocation for gambling. They actually have greater needs, but because of the pressure of circumstances, they have to suppress personal needs, and still allocate a small part for gambling.
In such cases, gambling is no longer a luxury that can be enjoyed.

Agree to that, there are gamblers who can keep throwing portions of their money eventhough in reality they are not capable but because of the desire to play, they are able to re-allocate some of their funds and manage to keep playing, some can do little but due to a present of addiction they might be able to extend to the point that they won't be able to control and instead of chilling around they'll messed up and lose more than what they can afford.

Normally, I think that's how betting should be handled by people but you know that we are different in mindset and characters, so there's no way you will ever see everyone who would want to see gambling in the perspective that you see it, never the less some people are still favoured by gambling but when it gets tough, I just wished they can take a break so that they will not lose everything they laboured for, that's when budgeting becomings important.

Since we are not gambling for the first time, most of us have years of experience in doing this and we must have device on some strategies on how we could effectively manage our bankroll for our own sustainability in gambling, budget is an important aspect in which on every settings, people consider it being paramount, so that they can work towards a desiring goal and got their plans executed once they make the right budget for it and follow it up as planned.

That's where the control comes in that we always say that each gambler should have. So, if a gambler is a good spender and budget maker but when he losses his own control, that's where the temptation gets in and will use more funds that he's allocated for gambling/recreation. Emotional control is still important and it's not easy to make a plan, a budget and even execute them. Someone who's got the willpower to do it really wants to change their way of gambling and wants to follow their own rule that they have strictly set and implemented for themselves.

After all types of spending 1% of the rest might be too low for majority of the people. If anyone can warn 1000$ in a month and spend 500$ as monthly expenses then 1% will be only 5$. Don't you think it is too low budgeting for gambling. I think anyone can bet any amount which the person can afford if loses.

No matter how much a gambler spends in gambling it should be what the gambler can afford to lose. It is when a gambler is spending more than what they can afford to lose that's when it becomes an issues There is no gambler that goes into gambling with the mindset of losing no matter how small the amount they are using to gamble is . however they should always understand that  in gambling is either you win or you lose.

This is wrong, routine expenses mean that they must be spent to finance our lives, of course there are some that we get, for example electricity costs, we get lighting and there are many more routine costs that we enjoy the benefits of. Thinking that by gambling more than budgeted is good because there is a possibility of winning is unreasonable, because winning in gambling is not a certainty, everything is just a possibility.

So don't do this, if you gamble over your budget it means there will be additional costs in your life and if you don't have spare money it means you have to go into debt or sacrifice living expenses, so this will be detrimental.
Keep gambling with money you can afford to lose and don't think playing more has a greater chance of winning.

Nobody can focus on gambling, because gambling is not a source of income, we have a source of income and that's why you see so many of us gamble, If we don't have a source of income and gamble almost every time, I think that when we lose we will not have another money to continue our gambling, so probably gambling is all about understanding, so if someone use it as a source of income it will definitely affect the person, so from the look of things I believe that gambling is just an entertainment for people that have money and also wants to challenge each other for a clubs or a team analysis of soccer or any other games, gambling is not meant for people who is desperate for wining or to be surviving with gambling, so we should have it in mind that gambling is all about entertainment.

I agree with you. If a person has no source of income, he will not be able to gamble for a long time because he will not have enough money to bet. Those who gamble regularly must have other sources of income. If those gamblers only think of gambling as entertainment, there is no problem, but when they imagine gambling as another source of income, then their downfall will start. Only the money that can be spent on temporary entertainment can be spent on gambling. Gambling is not for the gamblers who do not have enough money to bet or who only bet with the hope of profit.

If someone is earning $1000 and the person is using $500 on the monthly expenses, that means the person will spend $10 monthly on gambling. The 1% is not calculated from the remaining amount but from the whole amount that the person earned for that period of time. But if the person does not have any savings left or struggling, the person does not need to gamble at all.

Yes, people should gamble with the amount of money that they can afford to lose, but my post is about the recommended amount that a gambler should spend on gambling which will not at all make gambling have any negative effects on the person.

A budget isn’t just a list of expenses — it reflects your inner order. As long as a person spends money without a mindful approach, any attempt to create structure will stay on the surface.
I do agree that starting from the personal budget is a good idea, and within the personal budget, one must start with basic monthly needs like rent, bills, rough amount for monthly food, rough amount for monthly health and miscellaneous expenses.
Then, depending on how well-off you are, you can start budgeting in savings, what goes for presents/other things you do for loved ones and/or charity, on especially tasty food/sports/other activities you enjoy and on gambling.
Making more self-aware choices can be really helpful, I believe.

People don't just gamble because they want to make money. Many gamblers play to get a thrill during the gambling session and are willing to pay for it. Everyone has their own preferences for how they get their dopamine and adrenaline rush. Some people go to nightclubs, get drunk, and try their luck there, some participate in street races, and some gamble. All of these activities provide excitement, and all of them require money.

I believe that it is necessary not only to budget for entertainment expenses but also to be able to limit these expenses.

I have started lately to mind my finances, gambling was taking a big part of my credit card and we know, nowadays the credit card debt can hit you really hard depending on what limit you have put in dollars there, mine was pretty high and that is why I have started to be quiet and not spend as much as I used to. The problem though is that yesterday and today I got out of this shell and wanted to make like 300 dollars with just 50 in gambling, I tried my luck in Gates of Olympus Super Scatter and I will be honest, I got to near 200 dollars with just buying the super bonus, 6.5 dollars equal to my playing balance of IDR. I got greedy and wanted that 300 dollars because I need to pay for something precious to me, I ended up not only not being able to get the precious thing but also to lose money I had put apart exactly for that. As always nothing new from Pragmatic scam provider.

Budgeting is more important than having to cover the expenses in gambling. The same reason is why countries makes budget before making expenses, because no matter how tough we think we can be, we are limited to making mistakes, and mistakes in gambling can lead to deep circumstance. I will always advice on the importance of prevention, every gambler must take it as a responsibility to place budget as a top priority unless they are filthy rich, whereby if they lose any amount it wont be a big deal.

Indeed, we are prone due to our emotions, it's better to allocate your money and make sure that you'll practice whatever discipline you have inside you, very important to make sure that everything is working according to your plan as making a single mistake inside gambling will have a big impact to your finances.

It's your decision making and how well you understand that risk, setting up your limitation and making sure that you are capable to call that hard stop whenever needed is a big factor while you are still in session.

For a gambler who is spending money everyday, does budgeting even sound like anything? I mean they are literally wasting money every day in that sense. To them budgeting is a complete no-no, it would rather stop them from being a gambler, which they would probably not want.

Here comes the question - if a gamblers starts budgeting, do they remain a gambler or become a diligent person capable of stopping their gambling habits? I think it will be the latter.

Mistakes in gambling is a wrong term to use, there are no mistakes in luck based games - just bad luck and to prevent them, budgeting will only reduce the total expense but not completely eradicate the future losses.

Budgeting in gambling should be done monthly, and if need to exceed that amount, it has to be money gotten from outside job or tips from work. Why it is essential to make monthly budget for gambling is because you as an individual has other plan in life, not knowing how to allocate the discretionary income properly can lead to waste of money.

Back to your question - if a gambler priorities budgeting he is still a gambler but this time, a responsible gambler to be specific. As a gambler you are trying to prevent bad luck right? And if so, budgeting can reduce risk in gambling and reducing risk means preventing bad luck.

A person that cannot afford to manage the financial resource he had, plan what is good for himself and main a steady budget as according to plan, such person should not be expected to perform well when it comes to gambling budget and organizing for effective plan as well, because he already failed in many ways to plan what's good and best for himself, the way we have been used to living our personal lives also will be a reflection of what we take into gambling.

That's right if we actually pay attention to the amount of money we spend on minor wants we would be surprised how much it would be but then these wants are too many that sometimes they come unexpectedly making it difficult to keep track of them. If you don't have a budget or plan you will be spending more than you should on certain things neglecting other things.
With proper planning you will be able to allocate some amount to gambling while still have spare change for some minor needs but you will have to base everything on percentage and above all you need to be disciplined to keep this act going for a long time.

You are right and I agree with you that there should not be any budget limit/idea and that can only be those amounts for both rich/poor people which they can afford if they lose. Winning can't be expected, though there might be more winning than expected.

For budgeting then it would be always that on the amount on which is that to be an "EXTRA", there should be no fixed nor obligations for you to make up some budgeting or allocation with your gambling funds.
I have been sticking into this principle on which means that i dont face up any issues when it comes to budgeting. I do only make out some random spendings on which just like been said that it would be that totally depending into the budget or extra money you do have on which it will be that totally depending on you. You cant just that spending up or having that budgeting specially if you do have a family on which those budgets would be rather be worth if you would be gonna spending it instead on other things rather than on gambling. If you are that wanting to play and doesnt have any problems when it comes to income or source then it would be just that fine. It would be always important that you should be mindful when it comes to spending because this is where gamblers do usually messed up because they cant be able control their spending then this is where shit things do happen.

Personal budgets would be relevant until it would become a gambling budget but actually everything would be just that the same. The idea on here is that you should be that making yourself that responsible at least into the things that you would gonna deal with specially with gambling on which we know that this is highly devastative if you cant be able to have such control when it comes to finances. Its important that you should be wary about into the potential risks that it do lies ahead. If you do see yourself having that good control then there would be no issues when it comes into this aspect. There are just that those times that you do become that too impulsive when it comes gambling.

Allocating 1% of total income to gambling is not a bad decision. But many gamblers will see that amount as too small because it will be difficult to win big with $10, except if you are lucky enough to win a jackpot.

However, no fixed amount or percentage should be allocated to gambling. The best option is to gamble with an amount you can afford to lose. This is because people have different costs and standards of living.

1% is almost nothing, not only for the rich people but also for the middle-class people, as well as for the lower-class people. Those who are usually gambling will never gamble with 1% of their earnings. People gambling without a budget or a budget with an amount that they can afford if they lose, except addicted gamblers. Addicted gamblers can't have any sense of what will happen if the person loses after reinvesting/ which they can't afford.

Id have to agree with that statement for sure. Like id rather buy more shitcoin over gambling any day. Now buying shitcoins is a gamble in and of itself so maybe its just a less shittier form of gambling? Loll.  Having a whole budget for gambling though is serious. I hope your returns have bode you well OP

Indeed, those who already addicted and the engagement to gambling is too deep the chance that they don't have any set limitations, as they wanted to pursue their gambling, no such amount that they allocated or set budget but just to proceed and keep on playing.

But to those who understand the risk, it's very important to them not to exceed from what they allocated as budget, some may aiming to have some fun, while some also intend to win but with good practice to avoid losing a lot .

That's the point. Some people have a habit to include gambling in their daily life. While there are others who will prefer to put it in something they see valuable but still worthless in the end. I myself is guilty of spending cosmetics in video games. It's a waste of money for some but the excitement I get is comparable to the other things that I do.

As long as it doesn't concern our financials and doesn't interfere with our life then we should let those people do what they want with their money.

Being a person who doesn't joke with budgeting in real life doesn't mean this kind of lifestyle will affect one’s gambling habits. If you don't have an understanding of gambling, you can find yourself gambling excessively, especially when you think it can generate a good amount of money for you. Having a budget in gambling is about understanding; it's not just because you already have a budgeting lifestyle that helps you manage your money.

A gambler that fails to have budget and then gambling budget has failed to be a successful gambler and will end up using all his money for gambling.

Having budget helps you minimizes losses and help you manage your finance since gambling wins are not guaranteed. Having a personal budget for your personal expenses makes it more easier for you to set out a gambling budget, because it will give you a proper balance of your left over which from there you will be able to know how much will be allocated to gambling weekly or monthly and if exhausted before time, you will have to wait for the next income to take place to avoid encroaching into your personal budget that will end up affecting you.

Budgeting sets a standard and gives limitations to careless spendings.

Just stick to this, if you spend more than 2% of your income, your gambling journey will be at mess, you’ll get broke and ruin your finances in the end. So if you want to stay on budget, and stick with your betting limits, then never spend above the percentage you set for gambling, otherwise you aren’t gambling for profits, but you simply gamble to experience losses, and that’s a very wrong mindset in gambling, that would lead to future losses and regrets.

While gambling can make yourself profitable and get rich in the long run, but it can also make you the poorest of the poor if you gamble the wrong and delusional way.

I think the reason on why personal budgeting is important focuses more on allocating a specific portion of your income primarily for gambling.

Without any kind of budgeting, you run the risk of overspending and overconfidence- thinking that you can afford to spend more in the process. On the other hand, if you designate a specific portion of your income to gambling, once exhausted, you are somehow compelled to stop at that point.

Regardless, however, everything revolves around proper discipline and decision-making especially when you are at the point of losing continuously. Even if you have all the money in the world; or if you have allocated a portion in gambling, without any discipline then everything would be immaterial and futile.

I still think a gambler who is going to start budgeting for personal and gambling spendings is going to get tired of it soon enough. They will start it for some days and then stop with saying that its not working.

While budgeting is a good thing for anyone, for gambler its like tying your own wrist while trying to use it. If they can do it though, then I think they will stop gambling soon.

Well, my take on this is that you may be right, but I don't think there people out there in their right senses who will be spending money on things they do not want or need, and please understand that needs and wants are two different things, what you want may not actually be what you need, and sometimes, what you need at a particular time may likely not be what you want.
So in every spending, we are spending on either of this two and as such, I will say that the person is still spending on him or herself which is the primary reason why hustle hard to make money anyway.

Gambling falls under personal want and if a person doesn't want to gamble, thats his of her decision and that should be respected, in as much as there is the possibility of winning from gambling, there is also the possibility of losing money as well and the chances of losing money is even higher than the chances of winning, so I honestly value the money I spend on myself much more than that I spend on gambling.

Yes there are many things that people spend money on that would be synonymous with the phrase "Money flushed down the toilet" but at the end of the day there is nothing you or I could say to stop people from buying those things. They have to stop by themselves. I personally believe people in those circumstances need a come to Jesus moment for lack of a better phrase where a drastic change is necessary for their livelihood, pressure helps people, hard times help people. When they hit rock bottom I hope they can have learned their lessons and bounce back

As a player I don't budget anything to gamble in a casino, sometimes I just have something set aside to have fun and I put it in the casino to see if I'm lucky, but it's not a lot of money, it would hurt me a lot if the money I have to go out and have fun only went to a casino, there are many types of fun, the casino is not the only one, but as we are people who like adrenaline, we should allocate a minimum, so as not to lose the habit, allocating little money is a good option for the casino.

It is always a part of our expenses. Allocating a small amount could help to ease our addiction and habit, but this also matters in how serious we are in following this. Because many gamblers put their gambling budget at the lowest, but guess what? They bypass it and spend more. That is why gambling habits should not be taken lightly but rather seriously. So I say that it was not the budget that mattered the most but also how we control ourselves. This saves us a lot financially and mentally.

Funny but it's true, we put everything and write it out, but when the money comes, most of the time it's hard to follow that budget as gambling became our priority (sad to say). That's why when I got my salary, I might have to withdraw it or just put it in my wife's account so that I can't touch it right away.

And then we sit down and try to budget everything. Because if it is just me, then I might have gambled it already with all the online games still proliferating in our country. Everything is accessible, so I try my best not to fall for it and priorities things. And if there are still money left, then maybe I can enjoy playing it.

I will prefer to just learn how to manage my money than to trust anyone with it. I am not saying I can not trust my wife but she does not know how much I am earning weekly. So I can not put the money in her account but we are different though. It is not hard for me to put like 1 over 2% of my weekly income on gambling and I make sure I do not use the rest to gamble.

I think at the end of the day gambling can be considered entertainment for some people.

And if you end up budgeting for it, and enjoy it, then I don't really see a problem.

Of course, if it is a massive amount, then it would be better off being invested in something, but life is short and you also need to have some fun...

Some people enjoy the act of gambling, so they can do it in moderation, kinda like social alcohol consumption... As long as there's no massive financial holes, then it should be alright and a budget helps to keep it like that.

You can do that but you need to be careful to control yourself. There is a moment when you lose money in gambling and want to deposit more. But that will not happens if your control is strong and you avoid it by leaving the casino. The will to deposit more after losses will be there so we must have awareness of that and not follow our minds to deposit again.

It is enough for us to playing gambling with those funds so we must stop gambling no matter if the temptation is getting bigger. We should preventing ourselves from depositing more money because that can gives us more risks of losing money.

Budgeting is very useful thing for everything. I like to work with numbers, so i can say how much money i spent and on what purposes it was spent for every day. I don`t try myself to save money, i can make silly purchases, but i see that i always have some money to next salary and i have an opportunity to buy something useful and to invest.
Gambling  budget is the same. If you getting profit, you can increase bet size, controlling budget, or make some stop if something goes wrong. If you`re playing for fun - you can plan how much money you can spend per day/per month.
I saved money for few months for my bankroll - it was so, because i wanted to be able to make big enough bets and don`t worry that i have money only for 2-3 bets. It is just an example how personal budgeting was used for gambling.

I agree strongly with this that most gamblers will quit after a few days or max a few weeks. In a contrary occasion to this I will present myself that since I started budgeting and not spending more than 20-30 dollars for a week in the best of cases I have been able to gamble very little compared to when I used to just deposit the max amount at my disposal. In fact I am able to completely quit and completely restart every time I want to gamble again, budgeting when done right can help people but only those people who are really decisive in wanting to achieve something from this budgeting that they are doing otherwise it won't work at all like you say.

Exactly, that's what I read about those people who were very strict about budgets in real life. They were even leading accountants in the best business companies, but because of their addiction they later broke into the company's safe and stole about 50,000 dollars in order to go to the casino and gamble everything away.
And this perfectly confirms the theory that with a very severe addiction to gambling, a person seems to split into two persons, one of which is a decent and calm person, and the other is a crazy gambler who only wants to play and bring money into the casino.

And I saw an interview with a guy who became an excellent banker and opened his own company, lending money to those who turn to him. After which he became interested in sports betting, because a friend said that he won a lot of money there. Because of this, he got carried away and gambled away all his savings, then his car, and eventually had to break up with his wife. But ultimately, after 3 years, he came to the studio and gave an interview where he confessed that he could not live like this anymore. And that now he is trying to start a business again and his dream is to return to his family in order to again lead a normal life, not dependent on gambling.

I agree with this, by recording our expenses we will know which ones are draining our money too much so we can start to manage our expenses better.


This is the strangest thought I have ever read. I mean, budgeting is about managing your finances well, not about having more money to gamble. While you have a chance of winning in gambling, losing seems more certain, especially if you're playing games based on luck. It's better to invest or use more of your money for other useful things, rather than adding it to gambling.

Mate, you can begin by tracking every small expenditure because habitual expense-tracking does indeed reduce the discretionary leakages and gives you that dose of reality. Then make gambling a form of leisure activity, set aside a dedicated betting budget, bet in fixed amounts, if you ask me i dont go over 1-3% per bet, monitor ROI, & set deposit/time restrictions or self exclude in situations where things get out of control. Gambling is not an investment, you should not test strategies when your budget is not stable. First allot your budget, then bet, that is all.

Therefore, it is very important to first of all understand perfectly what salary you have at your disposal or what sources of income you have at your disposal: income from renting out an apartment, passive income, help from relatives, etc.
After that, it would be very important to understand what expenses you have per month. There are a lot of them and you need to break them down into groups to understand exactly: what you can save on in the future and what you can’t refuse.