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I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?

For me yes because you understand that you cannot beat the house if you say no then you have this idea that you can beat the house and you will be disappointed if the outcome is not what you expect when you say you can afford to lose, it's not that you're giving it away you're still taking a chance and at the same time have fun, it's that you will still feel good when you log out because there's no pressure losing that money.
There is a cost to be entertained on a platform like gambling.

"Money you can afford to lose" is a figure of speech, meaning money that isn't used for important stuff, including paying bills and groceries. No one wants to lose money, but when you drop a penny on the street, you might not want to pick it up and walk away. Some people also toss it in a pool or something to pray for a miracle. It's similar to gambling when let's say your income is $1000 a month, then $25 for gambling isn't much, and when you lose you'll feel not as devastated as people who bet their life savings. Sure you'll feel sad, but if you play for fun, it goes away quickly.

Yes it is money that I can afford to lose as once I get my payroll I allocate money to each of my spending needs,electricity and water bills,internet bill,basic food for 1-2 weeks twice in a month,money for drinking coffee during afternoons,some little money to buy a few toys to my daughter and whatever is left I play some amount of it,not all the amount to play gambling,I can afford to lose that money as it does not cost me anything except that if I don't play it I would start saving more money than I am already doing.However I need some form of entertainment too and that is to gamble for me.

Yes and I go go beyong the amount. If you do not want to let gambling to discipline you, you have to discipline yourself and gamble responsibly. The only way to a responsible gambling is for you to set a small percentage of your weekly income to use to gamble. I use 5%bor less and I am not going beyond it.

Things are getting tough economically, there is barely money that someone can throw in the wind unless they have an excess of it. I think what is often meant by using free money is that you should not gamble with the money that you have budgeted. There is really no free money that you will like to loose, but free money refers to the money that you have not planned any use for, that is after you have settled all other things that you need, and loosing that money will not affect negatively how you will live for that time until you get another money.

Have to disagree on this one, the moment you set-aside a budget for gambling that's an indication that you are ready to lose that money because gambling is not a guaranteed way to make profit, and yes you should gamble only with the money you can afford to lose.

This is not theoretical, its more of a practical way of being a gambling and this can also mean a responsible gambling. Imagine, you are using emergency funds in gambling just because of a hope of making it double, that could be risky.

I will agree if you put savings as part of the budget. If yu do not, do not gamble with the amount of money that you can not afford to lose can go beyond your budget. In life, you need to have savings too. What you can afford to lose is when you have excess that you have nothing to do with it and can be part of your savings too, but you can use some from it to gamble. But what most people regard as it is when you use the money that can not affect your financial life to gamble.

Yes, that is an amount I can afford to lose. I can't afford to lose more than that amount of money, so I try to stay within my limits regarding gambling. And I also try not to complain if my gambling budget runs out at the gaming tables because that's what I can afford. Like other people, I try to enjoy my gambling time, so whatever happens, whether winning or losing, I just try to enjoy it. That is advice that many people recommend, so before gambling, we must limit the amount of money we can use to gamble. Don't try to exceed that limit or you might regret it.

Money that you can afford to lose is simply the money that you may have budgeted for gambling. A gambler knows that gambling involves luck and with high risk tendency for losing. So a gambler understand he could lose that part of the money he is using for gambling therefore if he loses that should not cause him a financial handicap or injury to make him go begging or put him in debt. That is why such phrase is always used in gambling palace.



That is the case as it is the proper thing to do. A gambler should make a budget of how much of his income he wants to risk at the time he is playing. That is financial propriety and to avoid regrets, it is a wiser gambling decision.

When people say "use the money you can afford to lose for gambling", it simply implies they are saying you should be use an amount you could afford to risk (i.e even if you happen the lose it all you won't feel it that much), of which everybody had a particular amount of money they can afford to risk at all times.

Example:
Let's assume a forum member "Y" has a monthly salary of $10,000, while a forum member "X" has a monthly salary $1000, and both are invited to gamble at a casino, and "Mr.Y" happens to stake $1000 on a single game (i.e 10% of his monthly salary), you literally don't expect "Mr.X" to stake same $1000 on a game (i.e 100% of his monthly salary) because by doing so he will be putting his entire money at risk, so on that note, what Mr.X will be able to stake is $100, which is 10% of his monthly salary, and an amount he could to risk.
But note that what people could afford to risk varies from one individual to the other.

Maybe that's what you think but in reality, there are people that have money that they can afford to lose and that's what gambling is for them. They've got money ready to lose.

Yes.
I gamble with an amount that I can afford to lose. It's like a money ready to be spent for gambling and no matter what the results, you're on it and there will be no hard feelings when the results didn't go accordingly.

I think you're making a fair and strong criticism. What money can we afford to lose? I don't want to give a sophisticated answer. But I think the answer to this question varies from person to person. To me, the money I'm willing to lose is the amount I can spend while drinking at the bar after work. I go out to have fun with my friends a few times a week. If I reduce this number, I can spend the money I would spend at the bar on a few match bets. I realize I don't actually have a very good explanation. But I think I have as reasonable an explanation as possible. As a result, I prefer to gamble only for some adrenaline. That's why I continue to act knowing my limits and never exceed my limits.

OP have you not heard stories where people lose money and commit suicide? Others have suffered from serious health issues because of losses. Some families have suffered from financial problems because money meant for upkeep has been lost to gambling. Nobody wants to lose even a penny in gambling but gambling what you can afford to lose means more than the literal words. It entails that you should only gamble with what will not affect your health, finance, family, and other activities negatively. Furthermore, it is staking the amount you can be able to bear if you lose. It is a slogan that guides us to gamble responsibly. Having a gambling budget serves as a plan that helps bettors to know their financial standings to prevent over gambling which can affect them negatively. So when someone says he is gambling with what he can afford to lose he simply means that he is gambling within his means.

You can afford to lose meaning you are still ok after losing it and not feeling nothing after you loss it since every money really count but there is a certain amount which players has tolerance to loss in proportion to their total bankroll.

Let’s say you have 1M in your bank account. Will you be remorseful after losing 100$ on a game that you have a chance to grow it? You can move on easily since your total money in the bank is far huge and you can always play again using that same amount as many as you want compared when you loss 100K or more which will decrease significantly your total money. This is the meaning of play what you can afford to lose. Afford is the key word here.

I always advise all that they should only play with money that they can afford to lose, this is what we all believe and this is what we should be doing if we want to remain safe, this advice should not be questioned if you have expectations on money that you gamble then it's your decision but you will eventually find out that you can not beat the house and you should not expect to profit from gambling.
Money for gambling can be considered an opportunity cost but you should not have high expectations, and it's more comfortable to think that the money you've used to gamble is something that you can easily part.

There is a lot of similar advice in this forum so I don't think it is reasonable to create a new topic on this topic.  Because it is not something new that can benefit someone in a new way.  Although no such topic has been created, this is a common advice given to almost all gamblers. Gambling is something that helps one gain profit and also has the possibility of loss so every gambler must gamble with the amount he can afford.

Generally whenever I gamble, I always consider it as money loss on my part due to the nature of its circumstances. It is not about the money that I can afford to lose, but it is more of conditioning that every money that I enter in gambling is considered money lost.

In conclusion, gambling is a game of chance where it does not guarantee any absolute form of profit. In return, you experience the adrenaline of knowing whether you double your money or lose more in the process, which is a trade-off in itself. If you really want to limit yourself in gambling, then you should only bring only a handful amount of money at your disposal.

Nah, I gotta disagree. The money I allocate for gambling is essentially my entertainment budget. Whether I decide to spend it on gambling or any other form of amusement makes no difference. But let me clarify something. Just because I am okay with the possibility of losing that money, it does not mean I actually want to lose it. The thing is, gambling is enjoyable largely because of the thrill and excitement that comes with winning.

Well if that is how you interpret it then so be it. It seems that you have your own reasons for that and so is gamblers around you. For them definitely the answer will be yes, but you can't just argue around here if you see it as more of theoretical than practical.

As the saying goes "to each his own". May I ask if you are a gambler though?

when a person takes 50$ and buys beers, will the 50$ come back? when a person takes 200$ and buys a plane ticket and travels to spend a vacation on an island or in another country, will the 200$ come back? I believe I will not return. in the same way that when a person is hungry and takes 50$ and buys food in some restaurant, the 50$ will not come back, so we call that money destined for entertainment or food, and it is money that we can afford to spend we lose. this can also be done with games of chance, when we put 100$ in the casino we are saying that those 100$ are already lost because nothing guarantees that we will win the casino or the bookmaker

so if we lose the 100$ it won't be a big problem in our life because it was money allocated only for the game, you should also think that way because gambling are not guaranteed profit, so the money that is put in the gambling is money that we can afford to lose, financial management is crucial in order not to lose everything because of gambling. in my case for example, when I deposit money at the casino I take that money as something lost, when I have some profit I keep thinking in the same way that that money is something lost

This saying of "gamble money you can afford to lose", for understand it properly you need to think of it in a literal way.

If we assume that the money wagered is going to lost forever then let us imagine that I can take 1$ for my pocket and I burn it? How would I feel or how would you feel?

What about if I take 100$ and I burn them? Would it be the end of my future? Could I recover someday of such blow?

The money one can afford to lose is the one which could disappear from our posession and our life would not be affected in the slightest.

If you can throw a nickel into a well, then it is money you can gamble. If you can throw 5$ into it, then it is money you can instead gamble.  ;)

The way I think we get the returns for any amount we spend is just the fulfilment or soul satisfaction that comes with the expense.
Sincerely, spending money feels good, unless personal problems and challenges litter the way and ones debit score is way higher than their credit, I don't see why anyone should feel bad about spending a few bucks to gamble or buy ones favorite thing or travel for vacation or tourism.
Scale of preference may be ideal to determine what's more important to spend on, but who really sits down to allot  funds for instant gratification? It's like an inprint in the mind, you just spend to make yourself happy.

The best way I have seen that one can limit spending on gambling or spending on what doesn't give gain, is to have a focused saving plan. If there's the discipline to commit to savings, all these gambling spending or unnecessary spending will fizzle out.

I agree to you, there's a deeper meaning to it. Nobody wants to lose money and nobody will not take a risk. So the thing is it will depends on the money you are capable not to think about after you play , it is like a money that when you bet it whether it will be for win or for lose you will not have any regrets, so the amount is doesn't matter , I think one of the meaning of this is do not regret losing.

People who know they gamble often should begin considering adding gambling in their budget so they can control the amount of money they spend on gambling by gambling with a fixed percentage of what they earn. Gambling with any free money you have will make you spend uncontrolled amount of money in gambling and before you know you become a gambler who has no idea of what they spend on gambling which is something every gambler should try to be consciously aware of.

Has a point but for sure we all know what that phrase reaally means. Ofcourse no one has such thing of affording to lose any amount and that is why they engaged with gambling. We all gamble to win but atleast, the amount believed to afford losing is an amount we can quickly replace such as $1k of your $20k salary; it won't mean that much compared to losing all of your funds, a portion of what you have basically. Or simply not an amount you would be needing for emergency purposes given that we are more likely to lose than win. Try playing at both half of your monthly income and a 2% of it, which is more likely to cut deep in your wallet and one which you can disregard after a perioud of time?

how much do you spend to watch pay tv? or related internet access?
Well, that's the definition of money you can lose!
It can defined a certain amount of money that you can use for your passion or hobby.
It's a bit like riding a motorbike. spend money on petrol, tires etc etc in the end it's money you "lose" that you won't be able to recover in any way.
If you have hours and hours of "fun" while betting... well it's just any other hobbies, moreover if you are lucky enough or a good gambler you can also get in profit!

Your idea is way more theoretical and personal, there are people who can afford to lose millions to billions of dollars just to get what they wanted.  Another example where people are willing to lose money is by getting his family to a holiday vacation.  Parents are willing to spend money to treat their kids to some good place that their family can enjoy.  And gambling is not different from this kind of situation.

In order for a person to have some entertainment, they are willing to spend some money.  People that have this kind of attitude towards gambling don't bother spending some free money to enjoy playing at the casino platform.


When I put my fund in a casino as a gambling bankroll, I already considered it a loss.  This means I can afford to lose this kind of amount playing in a casino.  So my answer is Yes.

Losing the money that we can afford to lose means we can deal with the emotions that we might feel after being unlucky. If it won't have a huge consequence that we might face later on and if we are using the funds that are just allocated for gambling alone. It's like allocating enough for the entertainment that we want or consuming funds for something that would satisfy us.
We all know that gambling could provide fun and entertainment and if it's already part of our hobby, then we should be wise in spending on it. Using the funds that we can afford to lose means being smart and having enough self-control when it comes to spending. We could apply it not just in gambling but in some of our urges to spend. It's like treating ourselves in a wise way.

It is always said that we should use the money that we can afford to lose. The reason for expressing this thought because many of us who spend a lot of money on gambling that would be used for the needs of their families. Maybe he is addicted or consciously using that money to gamble and losing. As a result, he is facing a major disaster due to lose of money. So we should use such money that even if it is lost, it does not directly affect life negatively.

Money one can afford to lose = money that is extra to a person that will not affect his current state of living. That is why 'afford' is the term, it's because you can still do things and live comfortably even without it.

I personally have spare for this kind of activity although I have strayed from it currently since I'm more into sports and esports betting right now but there aren't any good tournaments just yet. In this facet of gambling, I get to be entertained more and also have more chances of winning compared to just casino games that I was doing before.

No, this advice is practical because it clearly says that one should only use the amount of money in gambling which doesn't impact his/her life in any way possible. For example someone who earns $1000 dollars per month if uses $10 for gambling then even with a loss the person still won't be affected in any adverse way, on the other hand if someone who earns $1000 per months and spends $500 for gambling then his/her life will be affected in the worse way if they lose that amount of money.

In the later case use person would hardly be able to meet his/her expenses of the month while in the first case the person won't be affected at all and he/she can still enjoy the month despite losing the money in gambling because $10 is a very small amount for someone who earns $1000 per month while $500 if 50% of the money of someone who earns $1000 per month and that's why the ones who losses $500 in a bet would hardly be able to fulfill the needs of the month and he/she has to borrow money from others in order to fulfill their needs of that particular month.

This is like making gambling as part of your life. Honestly,I playing gambling regularly but I don’t add gambling expenses as part of my budget because this is just a leisure activity which means I can live with or without it. Setting maximum losses works for me to control my gambling expenses limited to the range which I can afford to lose.

Most important thing is the satisfaction using the money within the range that you can afford. I think adding gambling budget to your expenses will just push you to play more instead of controlling it since you are giving importance on gambling by allocating money during your budgeting.

Control takes time on gambling. This is what I learn on my long years of experience of controlling myself for not over extending my budget.

Well, In my opinion, the reason for such a statement is that one should not gamble with money that will derail them mentally or emotionally. For example, if you have $2000 and want to use $1800 for a project, you can spend the remaining $200 on anything you want. But if you decide to foolishly spend all the money on gambling, it becomes a problem because you only have the freedom to use $200 for anything. Even if you decide to flush the $200 down the toilet, it's your business, but Using the $1800 will cause problems for the person. So, indirectly the $200 was some money you could waste if you want.

I can freely gamble with any money I have Budgeted for gambling; even if I lose, it wouldn't offend me because I have put it aside to use the money for fun.

]"Money that you can afford to lose" does not mean money that has no real use or money that won't be missed it you lost it. That term means money that will not wreck you in any way when you use it to bet. You will definitely not happy you lost money but it doesn't mean you'll be with nothing.

It depends on how much you have. $2k dollars is what some people might be able to afford to lose, while for others it may $30.
Imagine making $2000 a week and using the whole 2k on gambling. That's not money you can afford to lose. But if you lose $500 on gambling, that may be money you can afford to lose, depending on your needs.

I belch you some people do have such money and it's called budgeted gambling money. Practically there are gamblers that budget specific amount of money a percentage weekly or monthly from their income to be use just for their gambling activities. And some are so discipline enough to keep to the very amount never going beyond.

The statement, always use money you can lose is meant to keep the gambler in check of himself not to squander beyond his capacity as gambling can be so eluding that you don't know when you spend more based on how captivating you get. And suffix me to say, staging a budget for yourself while gambling prevents you from easily falling into addiction.

Lolz!!! Op you are funny. Even though you are funny, there some elements of truth. I don't really think there some spare money in anywhere for gambling. For addicted gamblers, the money that is meant for taking care of the stomach, clothes, a d bills always end up in the gambling halls. And there they thought is the money doubling place so they went there with the mindset to double the amount that is in their hand. And end up losing all to the casinos or sportbetting. The money that they want to use us not the money they can afford to lose oo my brother. It is for doubling oo!

;D i would have merited this thread but currently out of smerits. I totally agree with that this particular advice is actually more theoretical than practicalise by gamblers and I myself is actually a victim of this but this a community and every one is trying as much as they to stay clean off bad habits and so claiming to actually gamble with funds they deem they plan to lose which when you look at it in a true sense only few percentage of gamblers actually hold to this action.

Do you agree that the advice to only gamble with "money you can afford to lose" sounds a little pretentious? It's not like money just appears out of thin air (unless you happen to be Mr. Bezos or Mr. Musk, of course).

But let's not waste time with empty rhetoric. The harsh reality is that every dollar you gamble away is a dollar you could have spent on a cheeseburger, put towards a bill, or put away for a rainy day. Sounds like a see-saw to me. When one end is raised, the other must be brought crashing down.

However, I don't put my life savings or my lunch money on the line when I play the slots or roll the dice. It's a tiny bit that I chiselled out for this express reason. Sure, I could buy a lot of cheeseburgers with it, but I'm saving it for the moments of the casino instead.

My understanding here is that, you are being taught to be more responsible and warn you that gambling can be very risky so spending your important money here is not ideal. That’s why many are saying gamble with your extra money only, that means you will not be broke if you lose that money since its an extra. This is a practical advice from the gamblers who already knew the effect of gambling, don’t ever try to borrow and gamble, its more risky.

It's not that I afford to lose those money I used in gambling but regardless, be responsible enough to know our limits. Technically, there's no specific amount we can consider as an amount that we afford to lose. We always breach our set limits because temptation to continue is always there either we win because we feel luck and we chase losses during the losing streak.

There's no such thing for me as being practical in gambling because in the first place, how the hell we want being practical to our money but will used it on gambling. It doesn't make sense.

Again, just be responsible enough to know our limits.

Its true that each person doesnt really like on losing money even if we do speak on using up on the money which we can afford to lose on which we dont really like to lose eventually but on having these things in your

mind would definitely make you prepared on what are the things will mostly happen specially on gambling field on which this could really be always means about losing money and this is inevitable.
Only a few would be able to get out if they are really that lucky but if not then the money you had used would definitely bust up in the end on which its never been that a shocking thing to happen.
The word or advise on using up on the money which you can afford to lose would really be giving out that idea and awareness to yourself that you should stick into that limit.

Always be having the moderation on making use of those funds which are really that intended for gambling.If ever you would lose those balance then you do know that it is really the line which
you should stop and never ever consider on depositing once again because you are tending to chase up with those losses and this is where the common cycle begins on gambling field
and this is why lots of people been fueling up and making this industry becomes too profitable because people cant really just control out themselves on playing.

The advice is good to follow but there is something called odds that if you bet only a small amount, you could also make pennies. This is basically sports betting. You can just bet $10 to make $5 if you are okay with it.

But that's not really satisfying after some time. Over time you will need to make sure you can make a fair amount in one game and there will be no allocation when you think of bigger profits. Not practical but when you feel confident with your bets, thats what will happen.

Where do you see empty rhetoric? You just said yourself that you don't gamble with your life savings or your lunch money, but you set aside a little money that you don't need for your everyday expenses or other more important things. This precisely aligns with the definition of "money you can afford to lose." There is no rhetoric here.

That's not true. You don't understand what afford to lose means.
It doesn't mean that you will not regret the money lost and it doesn't mean that you're losing money that you'd otherwise throw away or burn.
It means that losing this money will not affect your life. You could have a million dollars in the bank and no idea what to spend it on. If you take 1k out of that sum and lose it in a casino, it's like nothing to you. This was money you could afford to lose.

If you think you had no money you could afford to lose, that's all the more reasons you shouldn't gamble in the first place!

You're only speaking for yourself, a lot of us here had enough money to play around with which makes gambling something that we can afford. I'm not poverty-shaming or whatnot but the fact alone that you think no one's able to afford gambling money so we should just go with it anyway tells me that either you're someone who's really incapable of gambling due to your financial situation that you're projecting and supposing as if everyone's in the same boat as you, or you're a chronic gambler who's trying to make sense of things and your logic. You can't make me think otherwise.

You use superfluous money for gambling, what means it's a money you won't use for your daily needs. It's not money you use to buy food, to pay your bills, the school of your children, the clothes and accessories you need, the car and goods of your house. It's money you would use to buy cigarettes, beers, candies, to go to a concert, to go out with your friends... It means we are talking about expenses on entertainment department.

Of course it is! I'm not going to sacrifice my life in order to gamble.

I agree wit one of the replies that the advice "gamble what we can afford to lose" is a simple reminders for us to be a responsible gambler.  Now, I don't know why @OP think that it is theoretical when gambling responsibly is a practical way of avoiding negative results of gambling activity.  It is also a good advice in avoiding financial disaster.  


I also got the impression that @OP do not understand what the line "use money you can afford to lose for gambling" specifically the word afford means.

Yes, I gamble with the money I can afford to lose... Most of us are always "short on the money", but let's say we have $50-$100 (I am sure this amount can be lower or higher) to spare on something from time to time... I guess some people will buy something nice for themselves, some people will party all night, and some of us chose to have a quiet night playing some hot games!! :)

I am not sure how to explain it, I guess some things come with years and experience. We all get into all sorts of troubles, but what makes us who we are is how we solve them, we survive something and we learn from our mistakes and we advance or...  or we have another "sad story". I saw too many people eaten by some vice, and we read about it all the time, almost everywhere.  

Don't get in over your head:

^ Yes of course!
It is true that for many people, any loss of money can have an impact, the purpose of using disposable income or funds that are not allocated to essential needs is meant to minimize the potential harm. Because for me, it is about balancing the desire to gamble with the responsibility of managing one's finances. But this question depends on both individual gambler that has priority management and those with less financial expenses will have a big amount to allocate in gambling. It is very practical to have a decision like this.

You wouldn't really be making yourself get hurt nor get stressed on the time that you would lose up those funds on which you do know deep inside that you could really afford to lose those money
unlike when you do make use of money which is intended for you to make use on buying your daily needs which it would really be giving that feeling will really be different.This is why its always that recommended that you should be allocating on funds which are supposed to be spent up on gambling and not on your savings or important funds which are supposed to be spent on priorities.
You would really be finding yourself on such big problem on the time that you do find out that you are already spending on the amounts which arent supposed to be spent up on gambling.
If you dont like on having those kind of regret or feelings then better to be wary on whatever actions or move that you do towards gambling.One false move then those amounts or money you do
have would vanish on thin air if you arent that lucky enough.

If you really want to gamble, their are some certain amount that if you lose it’s going to affect you, some might even affect your health challenges, you shouldn’t gamble with money like that, but their are some money that if you lose, you won’t feel anything, you won’t even think about it, I think that’s the kind of money which you are suppose to be gambling with. I know nobody wants to lose money, but in gambling their is always profit and loss and the risk which some people do take is really high when gambling and if they lose it will end up as a problem for them. That’s why people do recommend to always gamble with the amount you can afford to lose.

Yes am gambling with the amount I can afford to lose, because I know any amount I lose from gambling won’t affect me in any way negatively, and I do gamble for fun, so whenever I know am losing money then I know how i control myself and I will stop gambling, their are some people that do sell properties and do take loan just to get money to gamble, and after gambling and losing they will end up regretting.

the phrase "only gamble the money you can afford to lose" basically means that money that will not affect you financially if you lose it to gambling. 

just because you use money that you can afford to lose when gambling does not mean that you do not need to budget it or how to manage it properly.

yes, I do. using money that you can't afford to lose can always lead to disaster.

You should start and know to read between the lines mate, there is a deeper meaning in that phrase. Yes, sure that money is a precious thing because it can help us to meet our ends meet and help us to survive in a daily basis but if that money will be used to pay for the bills and other expenses, then that money should not be gambled.

The true meaning of that phrase is that you should only gamble the "excess funds" meaning, a money that is free and will not be used in something more important because in gamble, there is no telling if you can win or not.

I used to spend in such a way that my daily life doesn't get affected out of the losses. What I spent is something that can be used for so many needs, but the interest on gambling drives me and makes me part of gambling. Anything that cause you some financial problem needs to be stopped. There are people who set limits as $20 for a month and so on, such allocation is better than just gambling.

Of course, no one wants to lose money, but as the saying goes, "Use only what you can afford to lose." It means that the money you spend on gambling will not affect your finances. It's like a designated fund for gambling and has a separate for important things. As a result, even if you lose it, your other financial needs will be unaffected.

Same here, I only gamble the amount that I can afford to lose.  The free money is not allocated to monthly budgets, bills, and other stuff.  So it does not affect or hinder my financial responsibility, even if I lost all that money in gambling.  As far as I know, gambling what we can afford to lose is using money that even when it is lost will not bring us any hardship.


Well, I also believe that the thing that does not kill us no matter how much trouble that thing brings us makes us stronger.

Maybe 3 out of 10 could stick to this rule whereas the rest will gamble on the go. In reality people just gamble with the allocated fund and loss everything. This is where the real problem starts, as majority wants the loss to be recovered. Here the user will start using the money kept aside for his life needs. This is how gamblers easily get out of the slogan use money that you can afford to loss. The person who have understood well takes a break while the other borrow or use the money for important needs and spend on gambling.

Yes, I only use the money that I can afford to lose. The reason behind this theory is so that you don't start chasing you loss,when the money is gone into gambling. If you use only the funds that you can afford to lose,you will see it that you have already made up your mind to use this funds for pleasure by using it for gamble because you know that you have already lost it even before you started the game.

Personally any money that I budget for gambling isn't my anymore and I don't except to make profit from it. I see the funds as a sacrifice for me to use in entertaining myself to make me happy. Using important money for a basic need for gambling will make you uncontrollable in your gambling activities but you will be controlled by your emotions. When one is controlled by his emotions,that person is few miles close to addiction.

No, people definitely have money they can afford to lose. Otherwise, people wouldn't have been able to manage their lifestyles of working, paying bills, maintenance, other types of fees together with their hobbies, which by the way, costs money (It's this part that we call we can afford to lose). It simply seems "theoretical" because you consider paying money for your hobbies or enjoyment the same as money you'd spend towards bills and whatnot.

Not that I blame you, outside of here, a majority of gamblers (and bankrupted ones) don't even probably know how to financially manage themselves. This is why learn that, before even considering spending money regularly on something.

Yes, I don't expect too much that money can be double, triple, and multiple. So, When I use the money for gambling, I'm ready to lose it. That strategy makes me play relaxed, don't have a target win, and have fun. Even if I win, I usually use that money to try for to next game until completely exhausted from living my initial capital. Because gambling is just a hobby, not a job that has the target to bring money to home.

Of course, that's already our mindset with the money that we gamble, we are just looking for that opportunity to double or have it multiple more. But in any case that it didn't happen because we are are unlucky, then that is ok.

At least we have fun and then we can sleep at night without having to think of the money that we have lost or have regrets losing it. For sure there could be gamblers looking for big win with their small amount of money and maybe this is what the OP is referring to.

It depends on your perspective, if you think the money you lose is an opportunity cost, it's mean your purpose to gamble is for making money. Although some gamblers can beat the house and double or triple their bankroll, but most of the gamblers are loss. That's why we should consider the money you lose is a money you can afford to lose, it's mean your purpose to gamble is for entertainment. The entertain in gambling is when you feel the music, when you have a conversation with other gambler, etc.

The phrase “gamble only the amount that you can afford to lose” signifies that, bet or invest that amount which you won’t require urgently for other purposes. If by chance these money gets in losses, then you should have sufficient money to survive. People often gambles with money that is required to pay their monthly bills and that is required to survive. So many have advised to avoid these type of funds. This is practical and very essential. If you have some extra money or savings, gamble with that only, as if you lose it also, you will get more chances in future to save those.

Yes, the reason being that I have already allowed myself for some fun time in gambling which contributes to a mentally healthy lifestyle.
I have allocated a budget for gambling which I consider affordable to lose and it is going well.
I am not a high roller and so I try to do micro betting from the small amount I have allocated to gambling.

Afford to lose generally means some portion of your income/wage that you will not spend for your current month's necessary expenses like electricity/telephone bills or rent or food etc. People are suggesting not to ever go above it so you can enjoy gambling while keep on living your life without losing any advantage. Its not very practical I assume but its not very hard to calculate your income/expenses ratio especially if you have fixed income like most people do.

Even if you are good at managing your bankroll and you should still consider money allocated for gambling as something that you cannot make a profit from, it's wishful thinking to think that you can double, its a stroke of luck if you make money from gambling, but that will not always the case.

You're on the safe side always if you only use money that you can afford to lose because if you're using money that you can't afford to lose you will be in trouble financially and you will be depressed, so set aside for gambling and don't expect that it will yield profit, gambling is different from doing a business.

But if their goal is to make money gambling, it will require a lot of money. But if they think that the money they are using to gamble is money they can afford to lose, they will have no regrets. And it's true that we should gamble with the money we can afford and never increase the money if we can't afford to see a bigger loss. We must prevent bigger losses and that is the responsibility of each gambler so they must pay attention to how much money they have used to gamble.

It's not that they don't have a plan for the money that they suggested someone should use the money they can afford to lose. Of course, as soon as we have money in our hands, we instantly start making plans on how to spend it. Therefore, what they are saying is that someone should spend the money so that, even if he loses the bet, he won't run into any financial difficulties. They insist on this since it is obvious that gambling is risky; therefore, if you decide that you won't gamble with a lot of money, you are protecting yourself from many things and avoiding yourself from needless stories that will follow.

However, there is no money that we can afford to lose because, even if it's a modest sum, we worked hard for it and losing it won't make us happy. However, if you want to gamble without worrying about your finances, just spend the money you know you can afford to lose even if you win.

Factually, there's no money we can afford to lose as long as we work for it. We wouldn't have bothered to earn it if we can afford to lose it. That statement "money you can afford to lose" is just a figurative statement that virtually refer to money that will not have much impact on you if you get rid of it. People plan ahead before even receiving their salary and you could see it is almost impossible for one to have money they can afford to lose. However, there are money that have less important things attached to it and losing part of it will not be felt with severe emotional cripple.

No matter how little the amount is, you might feel bad thou but not compare to when you use money meant for most important things like feeding, rent and others. Again, use money you can afford to lose.

This is one of the reasons why the rich call the poor the most greedy, because every penny means so much to them, and if every penny means so much how will you even take risks with investment? That's why the poor hate investment, the first time that comes to mind is they are going to lose that money, if you aren't ready to lose how will you win?

I am very much into this topic because there is a lot to say about it, see, it's always about the mindset, if yours plays the trick on you it's over, why do people feel hesitant when it's time to buy Bitcoin? Why do people find it hard to accumulate Bitcoin? You think it's always about the lack of money?

Now, back to gambling, there are things we do in our daily lives that makes no sense, or let me say in the lives of poor people, they don't have money to lose, accepted, but they have the money to use of alcohol drinks, they have the money to waste on friends that wish them no good in life, they have the money to carry prostitutes.

The best advice is use the money you can afford to lose, it's the same money you can afford to spend on drinks, throw a party, buy unnecessary things.

Yes I have the money I can afford to lose, that's why I made it this far, I avoid getting broke because I use what I can afford to lose and I also take risks to change my life and it's working because I can withstand losing some dollars.

Some people see gambling as an entertainment. These people are actually buying something while they are gambling. So let's just say these people can afford to spend x% of their monthly income on something that has entertainment value. Like watching a movie for example... How is this different than gambling? You lose money when you watch a movie too...

You probably don't this angle and that's why you think people can't afford to "lose" any money on gambling.

Following your logic, people that smoke cigarettes are also "losing" money and their health is getting worse doing it. Yet billions of people still smoke every day. Why? Because they like it.

Not quietly it is since there are still low ballers can earn especially when they are lucky but this is not always happen gonna happen also with whales since there are times that we are in bad position. We should think about stepping always on reality since if we expect more like we can earn a lot of money with gambling instantly maybe we will be in bad position which we can't afford to happen so we should always pay attention on the money we use so that we have discipline and will not waste all our money for wrong expectations.

This is a very clever question, and never thought about it before in that sense.

Now that you posed it, Maslow's pyramid of needs comes to my mind (because it is the most famous theory, but you can apply yourself the one you like most).

https://talkimg.com/images/2023/07/16/ZoH6q.jpeg
Source: SimplyPsychology (https://www.simplypsychology.org/maslow.html)

So, back to your question, to me more than the money you can afford to lose, it is more about the opportunity cost (https://en.wikipedia.org/wiki/Opportunity_cost), indeed, and when we say this sentence we mean that one shouldn't waste the money he needs to fulfil the basic needs in gambling. Of course, different individuals will have a different sense of what is basic for them, so the advice when we recommend not to spend more than the affordable would rather mean to find the proper balance.

How painful can 1$ on gambling be when you make 100$ in a month? Everyone has money that they can afford to lose, what you lack is simple math, how much are you making? What could go wrong if you lose the little fraction of what you making?

If I am making 100$ per week for example, I can decide to play five times in a week with 1$ and that's 5$ on gambling per week, brother I still have my 95$ left, do some math brother, if you don't have money you can afford to lose, it's because you are using a high amount that you aren't ready to lose.

What can 5$ do for me? Transport, buy a beers, eat some cookies, many buy monthly data, I can afford this, and if I lost 5$ what would that do to me? Nothing, so use the amount that wont do a thing to you if you lose it in gambling.

The thing is many people want to earn a lot in gambling, they higher the money the better the reward, I don't play in such ways, because we all know that the chance of losing all money is high in gambling, I always go my minimal to avoid stories that touch.

This is just setting up the mindset that gambling is at least with money that can afford to lose it and also gambling wisely including limiting the budget, we don't discuss problems in oneself in gambling, it's always reminded for beginners not to be addicted to gambling so you might find it everywhere, because indeed most addicts come from there they do not limit the budget nor gamble with money for the needs of family life.

I know it's impractical so don't gamble if you can't limit your budget nor can you control yourself to spend money on gambling, because speaking of gambling we will never win against the house and that's why that mindset is instilled, humans will never escape nature. greedy despite seeing an opportunity to win and bet. so don't gamble if you can't manage yourself.  ;)

If they get lucky, they can win a lot of money. But the reality will not be like that because there are already many people who only get more losses than wins. We won't be able to win, let alone win big, without luck easily, so we must realize that we only use the money we can afford. It was to avoid a huge defeat we could not see and would surely regret later. And using the money we can afford to lose doesn't make us feel too disappointed because we know that that can happen in gambling.

Yes. I can confidently say that I manage to save after my monthly regular expenses so I get my gambling fund from there if my bankroll has been depleted. I often treat the money to be spent on sports betting or games as an additional expense since I don't expect ROI in the long-term.

Those are the words of the term so do not eat raw by you and then interpreted with open eyes without understanding the contents, Why do we have to have a plan, and have a budget in gambling because the average person becomes excessive in gambling that destroys their finances, of course it is a bad thing for everyone who does it excessively.
Yes I spend money in gambling is the money that I can get rid of and I will not feel stressed or become a burden of thinking if the money runs out in gambling because basically I have to pay the pleasure that I have gotten from gambling, I think the sentence is better.


If he sees it, in this perspective it's the same, you want the cost of opportunities, the cost of pleasure with the other, I think it is equally, so it is important to understand the meaning of the sentence.

The first thing you need to understand is that gambling is an entertainment that is impossible for a person who has no money.

The second is that in the long run the probability of losing is slightly higher than the probability of winning, because the casino has an advantage over the gambler.

The third is that it is foolish to risk borrowed money or money that is intended for important purposes.

Even from these three points can be understood that gambling should be played only with money that you are not sorry to lose. 

It will depend on the gambler on how they handle their finance. There are different ways to budget your money and there are people like me who has a budget for entertainment. My entertainment budget includes my gambling funds and other expenses that is on the scope of entertainment. There are gamblers who don't really do budgetting and they are the one who typically includes the money for their needs on their gambling money. If you are a gambler, budgeting is a necessary thing to do and following it should be strictly made.

Try going back and analyze the definition of theoretical and practical. You should realize, that phrase is practical. It is not theoretical since that concept does not deal with hypothesis of anything related to that. I don't even know why we are need to discuss this thing. Lol.
Answering your question, yes, now I only play using the money I afford to lose. How 'bout you?

I think you are looking past the actual saying and what people talk about.  There is certainly a portion of everyone's money that would negatively affect their lives if they lost it, that's what they are talking about.  If I lost $10 in a certain week it wouldn't change my bills situation, money for gas, food , etc.  If I lost $10k in a certain week that would impact my life greatly.  So what it means is, money that wouldn't move the needle if you lost it.

Your theory totally ignores that many people have slack or spare capacity in their salary Vs outgoings. If someone earns $3k per month, but only needs $1.5k to cover expenses, then that free cash flow can be spent on anything - whether it's entertainment, investing, buying something for their hobby, or whatever they like. It is not for you to judge how they spend their money, because some people will call a hobbie a waste of money but even if they gave the spare money to charity - they earned it and are free to spend it however they like. What you said only applies if they have zero spare cash available after bills.

Actually, it's true that no money that is earned after working hard is extra or is affordable to be lost, but when we have different expenses and activities that require money, we set a budget for each one of these things and we use them accordingly, now the money that one can afford to lose in gambling is basically the budget allocated for gambling or the extra money that remains after creating a budget for each expense for the month or the week.

Now though it's true that no one likes to lose money that they've earned in some way, even if it's being spent on something they like to do, it would still feel bad if they don't get anything out of it, I know gambling is fun and you get entertained from it but having some fun on the expense of losing money is not an easy thing to do.

A more appropriate word to use is "spare money" for gambling, they're the same thing but when you use spare money it means they're money you have kept aside that isn't needed for anything important. You're not willing to throw away that money but if it happens, so be it.

Gambling money shoudn't be much so you can always keep aside few dollars that'll be use for gambling. This could be money you reserved for going out to have a drink with the boys. You can try to double that money with playing bets and if it happens you're lucky as you have more spare.

I always try to stay on budget when I gamble, I don't use money that wasn't intended to be used so yes I'm using my spare money but I won't say I'm willing to throw that money alway but if as a result of trying to gamble to receive more money I lose this one I won't be mad.

Im not sure what part of the world you come from, but there are absolutely plenty of places on this planet where people are making enough money they there is extra money that can be spent that can be considered “money that one can afford to lose”.

So I have to say I completely disagree with your assessment OP.

Always use the amount on which you can only afford to lose and % would definitely be depending on a certain individual because we do differently make up money or having that kind of income on which it would really be just normal that you would really be needing to be mindful on how much you do spend because if you cant really be able to monitor it out then you might potentially be ending up on
wasting and spending on the amounts  which arent supposed to be spent out on gambling or you do have other priorities on which all we do really have that. Dont go beyond into those limitation of
yours when it comes to this matter on which you are really that spending on the amount which arent supposed to be used on gambling or else you would really be regretting on what you have done.
Be mindful and be wary about on the actions you are making and not making yourself that dumb because you would really be able to tasted that extreme regret of decisions once things
have done or already happen and its better to avoid that much as possible.

Gambling is an exception of it.

Yes.
I'm thinking that it's gone already when I gamble. That's why the thinking that I've got is not pushing me to my disappointment when I lose. And that is because I've already accepted the fate of where my money will go. So, the approach will have to depend on myself as well and I am just enjoying every cent of it.

In fact, what we say is more of a reminder to fellow gamblers in the community. besides, we are in a community that tends to be actively involved on the betting board. so, there is nothing wrong if someone says that. in fact, I often read comments like that. no exception, I often say it myself. however, it does not mean that we will always be consistent and always disciplined in implementing such ideas. it's just that, ideally gamble with money that you can afford to lose, that way you won't experience losses that you regret later. and isn't this a positive thing for us gamblers.

Well, related to what you said. in fact, in practice it is not as easy as we say in this discussion. because after all, psychologically humans have emotions, every emotion has an important role when we are active, including during gambling sessions. You can apply ideas like this in your betting method. it's just that, it must be accompanied by an understanding of gambling itself and at the same time have responsibility. if, once in a while you do excessive things in your gambling. you have to remember, and return to the method you apply. concepts like this, will be very helpful even though in practice it is not as easy as we discussed.

If OP holds a poll here the yes will be the dominant answer and the majority's choice because that should always be the case you cannot use your saving, or your budget to gamble, and money for gambling should be allocated and you should be ok whatever happens with money, not something that you will make out of it, even if treated as an opportunity cost its still money that you should be comfortable losing.
I would not even think of using money that's allocated for emergencies for gambling that's a big risk on my part and if I lose it that will have a big blow to my finances.

this is quite simple. if you are using the money that you can afford to lose, it means, you can go on with your life even if you lost such money. so yeah, for now, i only play what i can afford to lose. more than what i allocated would give me difficulty in the coming days. and that amount varies from person to person, depending on his income and the spare money he has and what he feels is the right amount to spend on his gambling.

You misquote and misunderstood the concept of using the money you can afford to lose, the notion of that is to use the money you can forget easily and not the one that will affect you financially, psychologically, and emotionally. Just imagine that you have a school fee to pay a week before the closure and because you are financially down, you decide to use it to bet over 1.5 on any football match, and then, in the course of the match, they played under 1.5, that ticket is good as gone and your money is gone as well. For someone who is in need of money and there is a deadline for school fees, you will be worried and maybe running up and down looking for a possible solution to pay back the school fee, I hope this analogy and example will help you out.

Keep in mind, too, that the term "extra cash" may lull you into a false sense of security. Since these are not essential funds, perhaps you will feel less bad about losing them. Still, it's your own money, and it's not a good practice to regularly waste it

Setting a limit, adhering to it, and being ready to walk away when you've hit that limit is the key to gambling responsibly. It's fantastic that you have a gaming budget in place, but it's also important to take stock of your condition on a regular basis. Do you lose more money than you win as a result of your gambling habits? If that's the case, maybe you need to reconsider your approach

Instead of saying something like that, it would be better to say that there is a budget in advance for something like this.
Financial budgeting in planning to be done is not only about primary, secondary, unexpected needs, investment or savings but even expenses such as gambling will be better if there is budgeting in it.
Even if it is not big but if we really want to gamble every week or maybe every month I think this will be much better than having to say gambling when ready to lose.
Although that's not wrong either but like you said it's more theoretical and in the end it's like we have an excuse to keep depositing again and again because you're ready to lose it without calculating how much is spent on gambling.

Most of my deposits are amounts i'm willing to lose because gambling is always the least of my priority when it comes to spending money. And with the low minimums of most crypto casinos nowadays, it's easy to spend a couple of dollars as a budget for gambling. I agree that most of us don't prefer to lose our money within minutes of gambling, but like most of the posts mentioned there's always a portion of money that we're okay spending anywhere else.

It all depends on the gambler and I consider gambling as a form of entertainment or it should be seen as a form of entertainment not as a way of making money and that is not sound advice. It's important to have realistic expectations and remember that you can't always win.
So I use the money I can afford to lose or the extra money after prioritizing what is important and for me to use for entertainment or pleasure. Like most people go to a bar, play pool or something to entertain themselves because spending a little money on what they think is fun has nothing to lose. And I consider gambling that way, after I'm tired of working for five days and only play on weekends, and that too if I want.

Not everyone is as broke as you are, you know? When you have had your finances under control for years and you have savings and investments, you can spend some money on gambling just as you can spend it on dinner or drinks. It's not for a need, as you say, to spend it on a few drinks in a pub or gambling in a casino.

So yes, in my case I can afford to lose it. And I'm not the only one.

I think it's like you have a plan to travel or take a vacation somewhere and budget it not to use excessive money which can eat up a lot of your money, you also need to prepare your money planning and see how much money you can afford to spend/vacation for vacation .
Just like in gambling, I think it's the same, and the concept of using the money you can afford to lose is the result of your financial planning calculations for gambling and looking for fun there, you're free to talk about it to pay for the chance to win, but it has no meaning or meaning affecting the output of the same conclusion.

Until the day I gambled, I always used money that I was ready to lose, because I needed gambling as a place to entertain myself and there you need to manage your finances well, if you use money that you can't afford to lose then what will happen to you is that you feel sorry and want recover that loss.

Why do we have to make an issue out of this? I think it's pretty much clear and self-explanatory. No debate is necessary. By "money that we can afford to lose," we only mean money that is not intended for something else important like rent or bills to pay, tuition for you child, regular checkup for your old sick mother, etc. That's the kind of money that is being referred to.

Me, I'm gambling with my extra savings, exactly something that I can afford to lose. It's not money that, if lost, I'd be missing a meal.

We obligations and goals that need to be reached in all situations. We work inother to take provide for our needs and primarily to take good care of our families. The better we planned to understand that earlier, the better. Gambling with non budgeted money would do the justification, anything outside that is gambling with an entirely different perspective. I make good earning from my profession, and I'm not ready to compromised my status, which is simply using planned finance to gamble, trust me when I say, it would only leads to instability and more pending debts.

I have a family and that has dropped on my huge responsibility. May parents are old. In my culture the kids take care of the aged parents. And the older kids look after the younger siblings. Therefore, it will be disastrous if the money I gamble with is what I cannot afford to lose. I am responsible for these people so I cannot be irresponsible with money. Trust me of it is for gambling which I consider entertainment, then it is money that I can afford to lose.

People who are of the same school of thought as the OP are individuals who believe that gambling is a source of income..

When it comes to family responsibilities, I don't hesitate to lend a helping hand to my loved ones in need; I owe them everything. Gambling revenues are not what I aim to utilize to solve my family's problems; I have an appropriate profession that earns smoothly therefore my gambling activities are petty cash that I use to meet minor necessities. There is no culture that does not teach us to care for our elderly parents. If we have a good reliable source of income, it is our obligation to take care of them and keep the family in balance. We used our money to solve the problems we were having.

When we have extra money, it is usually put in our piggy bank or savings account, and the money there shouldn't be touched anymore because it is allocated only for emergency use. We can still be able to play gambling by dividing that extra money we have. Other than having enough money, we also don't regret heavily or we won't be depressed if we lose in gambling by playing only amounts we can afford to lose.

I've seen lots of gamblers who complain that they lost their money that is supposed to be for their rent and other important things like you said. I think these people are already addicted to gambling but maybe it's not too late yet for them to change it.

In my opinion, what is meant by using money that we can afford to lose is more emotional, meaning that your emotions don't become drained when you lose the money because the money is not for an important purpose, such as paying bills or buying groceries, which is a major need. When we use money for our main needs, even though the amount is very small, of course when we lose it it will greatly affect our lives because we will go into debt to fulfill this, including when we use money beyond our capacity or use money in gambling unwisely, such as using money saving and betting a large amount where we know when we lose the money it will endanger our finances.
But indeed it becomes a theory when players never realize it and try to change the bad things that are done in gambling such as having no limit in gambling.

Obviously, it is free money from all the necessities we need to meet our daily needs so that it will not interfere with our expenses. And we also don't need to worry if we will spend more money later because we already have a budget for gambling.

We set a budget for gambling in addition to setting a budget for daily needs. But that requires good self-control and restraint so as not to cross the boundaries we set. Even though we may break those limits one day, we can still control them one day and not go too far playing gambling because we still have clear boundaries in gambling.

It's true that no one is willing to lose their money even for the slightest amount. But when you have allocated it and are prepared to lose it from the start, the feeling of regret or loss will probably be lighter than the money you didn't allocate before.
And this method will also help you to be able to manage your finances so you don't mess up, because from the start you have allocated funds for your gambling and when it crosses the limit that you have set, you can see how your gambling is performing, whether it is profitable or not. .

I think that everyone, who has a decent standard of living has a monthly budget for entertainment purposes. He(or she) could spend that budget for going to the cinema, going to a short vacation, buying a new video game or playing gambling games at some online or offline casino.
The gambling industry is basically entertainment industry. The people spend money for entertainment, it doesn't matter if it's gambling or something else. The money, which are spent for entertainment fall into the "money you can afford to lose" category.
I don't advise people, who don't have a big enough monthly income to start gambling. This is a big no no.

It is just another word for spare money, like you haven't allotted that money to something else as you've already budgeted your other money; it is a spare money that you can spend off; it is like you will have a budget for your beers and smoke, which is the same with gambling, where you use it only for gambling and not intended for others. Yes, no one can afford to lose their money, but again, it is about controlling your money and not going over it. This is like purchasing some entertainment through gambling with that money.

Yes, it is. But, it would always be better if I can win in the money that I can afford to lose. Don't get me wrong, I may swallow the fact that the house has a higher chance to win in casino gambling but I will still try to win it no matter what but with only the money that I deposited and nothing more.
It doesn't mean I will give it up as easy as it will be, different strategies will be used to maximize the chances of winning than sticking with just one game.

I think most gamblers have this kind of point of view. There is a budget but they are just wasting that chance to win a jackpot or double it up to create more possibilities and win against the house.
I see some who could lose their entire weekly budget in a day, I guess controlling it will also be a key factor if you want to lengthen the money that was set for a whole week or more.

We do have spare money but that money is also for our use. It is true that we use the money that we need to make our ends meet. We generally are unable to allocate some funds for gambling. This is why gambler have more debt than non gamblers and if we are unable to control our addiction then that debt spirals up. Eventually leading to all bad things the world can offer. That is why it is better to gamble resposibly otherwise things will trun from bad to worst.

That is not true, if nobody had money to lose, why are then there places like cinemas, bars and other activities like indoor sports? They all cost a lot of money and only give you joy for a few hours. Clearly people are having enough cash to spend it on leisure and consumption of unnecessary items. When it comes to the advice to not use money that you can't afford to lose it is meant to be for money that you need for important things. For example, you shouldn't gamble with your rent money or money that you need to feed your family at the end of the month. I would say that the majority of people have a budget from their monthly salary that include unnecessary items that could easily be cut off if they needed the money. For me gambling is something I do every month and I allocate some of my monthly income for it, like buying magazines or sweats, new clothes or going out with friends. These are all things that are not important to survive, but they bring me joy and let me relax after work. There is a difference between money that "I can afford to lose" and money that "I don't want to lose". In case you are saving for something big, like a new car or a new TV then you also shouldn't be using that money for gambling.

Gambling is like buying a lottery ticket, the different isn't much, it comes with 1% of possibly getting lucky, imagine a family man setting his goals on such thing, this will bring havoc on such a family because things will eventually fall apart.

I have my older mother left, and I have to take good care of her, that includes my family too, so with great responsibility on me, imagine shifting my focus on gambling as a source of income, it's like rewriting one's fate by himself.

Well, something must be emphasized here, the family, especially people like parents, grandparents, are the closest relatives we can have, the ones who keep them alive, we must take advantage of them, take care of them, be responsible with them, without these people we cannot we would have life, so when we begin to think that the money that is invested in a casino I say invest more, not spend or throw away, because a casino should not be seen as an entity that provides a service, that this service should not be abused because It can hurt us to capitalize, so when we have responsibility for things, the casino, sports betting should never be above our family, and that includes having responsibility.

There are people who are always looking for a way to have more money, and sometimes greed makes them lose everything, because they have no responsibility in their bets, when we are in a game with money, it is like that responsibility similar to when we are driving a car. car, it is our responsibility any movement we make, you should not think that the system is the one that deceived us, that they robbed us in the casino, because it is not like that, in a casino they do not say how much money you must bet, only the established minimum amount, but from then on what is going to be opted is the responsibility of the player and not the casino.

We must be clear about this so as not to have a bad time, and those bad times are irresponsible, that's why I have always said that my method of playing is the best, only having a part of the money to lose and that's it, if it was lost it doesn't matter , it was lost, it is assumed and now, if it was won, then it is celebrated and it is decided what to do with the money won, if it is withdrawn or if it is invested again to play, although I am inclined to withdraw at least 50% of what was won and leave the rest as an investment in the casino, to continue playing, so as not to lose all the profits, it is a good strategy so that we can do things better and see some profit from what we do.

It is the right thing to take care of the elders.  They are the reason why we exist in this world and our parents did their best to provide our needs.  And now that we are capable, we should always take care of them to the best of our ability and never abandon them.  Obviously, we need money to attend to their needs so we should be vigilant on the amount we are spending in casino.  We must only spend the money that we can afford to lose.  The money that is not intended for our family needs.  if we don't have any extra money, we should skip our gambling activities instead.

Good for you then that you have an amount where you consider it on the tier of "afford to lose" and that's it.

However, there are people who have the same approach but after losing, "are those losing amount is really afford to lose"? Believe me, even most gamblers will say they afford to lose that amount after losing in gambling, there's a thing on their mind saying contradicting what they're saying.

I don't believe that even gamblers will say they afford to lose that amount, that lost money doesn't matter. That was bullsh*t. They surely will attempt to chase those losses and will be eager to do it no matter what. Another sh*t happened will happen later on.

It depends on how you view gambling, there are people who are willing to spend money in a planned and orderly way.
A small example, where I live, there is a coffee shop where football fans watch matches together. For matches between 2 top clubs it's usually crowded with crowds and lots of face to face betting offers, the max bet isn't as much as let's say match ticket price and I don't mind taking several of those bets at once.
I don't expect me to win, I just enjoy the thrill of watching when I bet for my favorite club, like watching the match live in the middle of the stands.

"Being able to afford to lose something" is a phrase that does make sense. You can change in around and argue that there is opportunity cost, which by the way is involved everywhere, but there is definitely a difference between someone gambling for a weekend and not being able to pay the bills the following Monday and someone gambling for a weekend and being able to pay the bills despite losing.

There is opportunity cost of involved and literally most things are better than gambling, but imagine losing 200 dollars gambling on a weekend and instead you decide to get wasted and socialize with friends. Even now you could argue that gambling is better because you didn't fuck up your body with alcohol. But some will say that the socializing aspect was healthy. There is no end to this discussion because there are also these few people who will say that because they got lucky in gambling, they were able to pay their bills the week after. ;)

I think the reserve money referred to is not really used, namely setting aside a certain budget by limiting the budget for gambling, for example, there is a reserve money of $ 10k so 2% can be used for gambling, not all reserve money is used for gambling, maybe there was a communication error that made this is getting awkward and confusing to the OP.

After all, it all comes back to self-control when gambling, we still have to be responsible because if we can't do that, it's best to stop gambling, because it will obviously use up the reserve money that is also needed for later living needs or you can also use bonus money, for example when we work If you have bonus money, why not try it for gambling, because it doesn't have to be spare money, meaning money that really isn't used for life's necessities.

Yeah maybe he doesn't have allocated amount on anything and the only thing he have is his hard earned money that's why he cannot afford to lose it on anything he want to do with his money. But actually majority of people have allocated budget for gambling and that one is their excess money coming from the one they earn somewhere then they can afford to use that whatever happen to it. We see a lot of people goes this way that's also the reason on why we see gambler still happy whatever result they encounter.

The right answer I think, but maybe the OP was curious about what he was thinking and then asked in this thread. it would be very natural, because for some people have many questions in their minds. in particular, as we discuss in this thread. We've had a lot of discussion about gambling on these boards, there's been mixed feedback from the community. in fact there are many who say, gamble with money you can afford to lose, even I myself often say this repeatedly.

To represent the OP's question, you have answered it straightforwardly and precisely. and what we mean by saying, money that is ready to lose, is one of them, as you said in this post. it's just that sometimes in practice, it's not as easy as we say. Even though we know very well about this idea, sometimes we can get carried away and even be able to spend a lot of money to gamble. especially, when we are on a losing streak. it's hard, to stop the gambling session when we are controlled by emotions. because psychologically, we tend to be compelled to do it again and again.
ideally, this idea should be accompanied by responsibility and self-control. thus, the points you say are in line with the money you are prepared to lose in gambling.

I agree that it's an issue of individual choice and requirements and not just for gaming. Here, we focus on a portion rather than the whole. It all comes down to smart budgeting

However, allocating 2% of income to gambling seems... dubious. Why not put that portion of your income toward a rainy-day fund, extra savings, or investment? Isn't it true that long-term financial security is more important than momentary excitement?

It's an intriguing idea to speculate with bonus funds. Since this money won't change anyone's ability to buy food or shelter, it could be a safer option. Again, though, this all comes down to discipline and knowing when to cut back. Spend your money wisely

I don't see any issue in having a small but specific budget from your income toward what you like to do as long as it is not creating any problems for you in your life and other activities that require financing. One might earn enough to have savings, spend money on their home, keep their family happy, and do all other things that they need to do in their life and still have some money left that they can use for gambling if they do it only to have some fun.

I know that the money one uses in gambling can be used for something else that might be better for them in the long run, but what I'm trying to say is if someone has already taken care of that and everything else, there is really no harm in them spending some money on themselves and what they like to do in their life.

It’s true,people should split their income to different parts every month.The gamblers should have allot 10-20 percentage of money for their entertainment,So the entertainment money will not affect your monthly expenses.This was the strategy to get away from any financial issues after the loss from the gambling.Gambling profit always give you some good enjoyment and allow you to buy some more desired items.But we should think about the loss too.Because being practical will lead to peaceful life.Some of the gamblers failed to calculate their income and living the peace less life.Once you do planned expenses,you will be free from credits.

Simple answer YES, the money I prepare for gambling is the money that I can afford to lose.
It seems that you interpret it literally so it sounds like it is something a bit bad for you.
If no one has money they can afford to lose, how can many people spend their money for other things?
When people say that they spend money that they can afford to lose in gambling, it should be understood equally to when people say that they are willing to spend some money for their hobbies.
All in all I will say it is money that wont affect them financially after they spend it (not only for gambling).

I agree with what you said because indeed everyone will have their own budget to entertain themselves but when entertainment is decided on gambling then everything can not go according to plan where if you only provide a budget of 10% to 20% of income and gamble but losing might get out of control and increase the amount of money set for gambling entertainment.
This happens a lot and has been clearly proven to have been experienced by anyone.

If you really want to have limits on gambling, we can actually do that by entrusting most of the income to the wife if we are married and if we haven't yet, we can also leave it to our parents to keep it.

If we are basing into a normal people in this world then all we can say is that no one say that they have the amount of money to loss. Because normal people will always think that every 1buck is valuable. But in the world of gambling they don't mind if they will loss or not.  Especially those gambling addicts they don't mind their losses because all they want is to win the jackpot or let say there any to win bigger.

That's right, from what I have seen in many people who are addicted to gambling, there are all kinds of people who can easily fall into gambling addiction, but we must do what we can to prevent those close to us from falling into it. , there are many people like us who have family, children, dependents, it is a responsibility that should not be wasted, so the game does not justify missing some things, this means that many of us cannot see things as they are , Personally , I believe that some things are priorities in life, taking care of those who gave Everything to be who we are is an act of responsibility, but also of gratitude, a person should try to give them all the happiness possible as soon as possible. have the chances.

When these people leave there is nothing to do, it can only remain in us that we gave everything for them and that we treat them well, that is the greatest of all consolations, and that is something that in the future we do not know how it will be our old age, how we are going to take it or how we are possibly treated by the things we do or say, or the friendships we have made, that is one of the things that we must see, not only in the game that we develop but in everything possible that you may have at any given time, and above all be responsible to those who deserve it, a game, the casino, sports betting is something that can wait.

That is why sometimes when we hear and see some cases of addiction it is easy to think, but it is difficult to be there suffering from this effect that is not pleasant at all, I believe that all addiction will always bring negative things to people, I have not seen any addiction that is good, It will always have negative effects on our lives. When I see that someone is about to fall into addiction, I try to go far below, that is, to make them not feel attacked , but rather , to gain the Confidence to be Able to talk to them and to be able to help. Plus, sometimes we see Behaviors that are impractical or shouldn't be done , but it's hard to Change everything a Person Already has as a Routine.

Something that also seems to me to be not a healthy practice is to see gambling as an income option, because obviously at some point we will lose and we will lose having nothing left, that is why you must have total control so as not to fall into that mistake .

You are indeed a rich dude/person for allocating such 10-20$ to gambling but to me, I feel like its a waste when I have more responsibilities to tackle but its cool, you may have little bills to handle and more time to have fun but I don't have money to spend on gambling. The reason why I said so is that my wager is always in local currency and considering the siuation of dollar rate here, if I use that % on gambling, it is going to be a extravagant life style that may end me up with gambling addiction.

I think Op have not gamble much, if at all he does, he will know how powerful the statement is for a gambler to use the money he cannot afford to lose, so that when you don't win anything, guilt and disappointment will not be the first thing that will come to your mind but where you made mistake and the necessary precautions that where avoided in the first place, learn to put it in practice and you will understand the power of that statement.

If you have lots of financial responsibility and your income is somhow enough for theses responsibility, I think you should avoid gambling since if you lose the little extra you have, you might get tempted to use the money that you can't afford to lose.  It is really a good thing that you see those small amounts of money being wasted when it was lost on gambling since that shows that you value money and do not want to waste it on something you think is not worth spending.


I also agree that @OP is somehow new to gambling activities since his experience and statement shown a not experienced stance and some confusion about the term "money that is afford to lose".  I believe with more experience in the gambling industry and reading more information about fallacy, guidelines, gambling terms explanation, @OP will eventually realized the misconception or misunderstand he has when he created this topic. He then probably come to realize that gambling only the money we are afford to lose is actually one of the best practical advise one gambler should listen to.

Yes of course. That's why if I lose at gambling today, I'll try again tomorrow to try my luck at the same gambling that I lost at the previous days. If I had to gamble with the money I can't afford to lose, I will eventually become discouraged from trying my luck on something that is not paying off for me but rather costs me big money. You don't spend more than you can afford to lose on gambling and remains happy to keep gambling to the upper days or weeks without been fade up as a human being

No one will want to lose any amount of money that quickly, as we are all aware. But if I may state, what they mean by "money someone can afford to lose" is money that when someone loses it, it does not effect them as much. For instance, if you have $100,000 in your account, losing simply $50 to $100 may not hurt you as much as losing something like $50,000. As a result, I also think that if someone uses 1% of their funds to gamble, they won't be as concerned even if they lose. As for me, I still think it's wise to only gamble with money you can afford to lose since I know that even if I lose a little, I won't be broke.

Gambling is for fun and it should really be treated up that way but there are people who are really that spending up their emergency funds or important which its unwise on doing so and this would be the primary

reason on why you would really be making yourself that too impulsive and desperate on the time that you would be playing gambling because you are playing on the money or amount that is really that intended for
emergency or something that we can called life savings which you do know in mind that you shouldnt really be losing these funds because if you do then youre totally fucked up on this one. Its not nor never been practical on the first place in speaking on spending those funds in gambling.It should really be just on that extra money you do have and never ever have in mind that gambling is something that could be considered
as source of income because you are really that very wrong on having that perception.

People do usually be able to realize on things when they had already get devastated or had been able to experience unfortunate events which they might have able to avoid it earlier
if they are really just that sensible on what they encounter or on what they are doing.

So, it is necessary to understand very well what is what people consider as "money that can be lost, because everyone here considers that every dollar is precious and important in finance... .
To be clearer, consider that the money you can lose is all the money you use to buy ice cream to go to the mall, the cinema or to the bar with friends, it could even be the money you used to buy stylish clothes or shoes that you didn't need, understand? It's all that money that one way or another you would end up spending on something futile or not essential for your survival.

On the other hand, the money that you cannot lose is the one that needs to be used to pay the bills, pay for food, medicine, rent for your house or any other item that is essential for your life.

Planning is important because these expendable expenses vary a lot each month, so start paying your bills and use whatever is left over for gambling.

The meaning of "money you can lose gambling" is money that you use to gamble and if that money is lost at the gambling table, you will be okay and have no problem with losing it. So if some people can afford to lose $100-$1k, they can afford to lose that much money and maybe they'll still return to the casino another day. As long as that person can still be wise in using their money, it won't be a problem because they must have thought before using their money. We should only use the money we can afford not to be too disappointed and sad.

It's correct, but we shouldn't like saying if gambling is only burn your money and don't be sad for that. Everyone will sad if they lose their money, but the beauty of gambling is for entertain. When we logged our account and bet the money we can afford to lose, we should feel happy during that time regardless what the result is. If we're not able to feel happy, then it's right to say we're not used to be a gambler.

Yes, the beauty of gambling is that it is for entertainment and when we have had that entertainment, we should stop immediately. Otherwise, we will be increasingly tempted to get more entertainment but the reality later is that we may end up losing more than before. And if we can't find solace in gambling, maybe we'd better not seek solace elsewhere. Thus, we also will not lose the money we use to gamble but maybe we can get something that we would not get from gambling. But if we still want to play gambling, we should not spend much money and keep every expenditure on gambling.

     -     If you are a gambler and you believe that it is difficult to beat the house edge, it means that you accept to yourself that when you gamble in a casino or bet, you should only use the fact that you are willing to beat it and not the conceptual thought that you are gambling because you just think you're going to hit the jackpot.

Maybe, it just becomes impractical because there are other gamblers who are rich and the large amounts they lose are in the eyes of the majority, especially the poor people who always think of growing small gambling capital. Apparently, rich gamblers this is not practical for the majority, but it is practical for only losing small amounts.

Actually when we get down to the theoretical it's the truth that gambling is ultimately just letting our money go but aside from that of course as you said, there is the entertainment factor which is indeed the main focus.
There is no need to be naive by saying that it is a wrong action because of course we are already aware that gambling is ultimately only to win the gambling house or casino because in the end no matter how strong we are, the casino wins. but we also certainly get pleasure and satisfaction in gambling so I think it is still worth it.

If you can lose once in gambling then it is better to stop gambling for now. No one can guarantee victory here and it mostly depends on luck. Even those who have a lot of money can afford to lose money, but the urge to win puts them at risk. Even if you gamble with the ability to lose, it doesn't take long for greed to work in many people. It should be played as a means of entertainment and if you spend more than you can't recover it. Do not act like a fool here, so you have to keep yourself under control and play.

Gambling is a lot of fun, so long as you keep that in mind. Gambling isnt only about the money for most people; its also about the excitement and highs and lows of the human experience. Surely this is just another thing.

Lets talk about the "casino always wins". True, but thats just how the game goes. The people do it anyhow, even if they know the risks. Indeed, why not? Its all part of the package: the buzz, the glitz, the noise. Definitely worth it? Oh, hell yes! It's an experience, and such are worth far more than money, believe me

That does work for some gamblers who are not addicted to gambling and don't gamble only for profits but only to have some fun and also try their luck when they can and have money for it, but gamblers that are addicted basically don't think that much, they spend everything they have, even the money that they can't afford to lose, they will even go ahead and sell what they own only to get some money so that they can continue their gambling activities.

For such people, it is not an issue if they have lost what they shouldn't have gambled in the first place and they will always be back in the casino once they get some money at hand only to gamble again because they are simply addicted and don't have enough self-control to have their urges in control.

Gambling is a game in which it is customary to take risks. Many of us like to take risks, especially in our youth, some of us manage to earn good money, but it is quite natural that someone loses everything he has. I am not just talking about gambling, but trading on the stock exchange and investing in cryptocurrencies can also be referred to high-risk entertainment. Risk makes us feel very strong emotions, which is why such entertainment attracts people so much.

It no doubt happens with young people because they still think that if they can show something more challenging in front of their friends, they will take that risk. And those who manage to overcome that risk will seek other challenges with even greater risks.

But if these young people take risks by gambling with a lot of money, they will not be able to stop easily because they will think that they can recover their losses and get wins. They won't think if it's money they can afford to lose or they will regret it. In the end, they will regret losing their money but return to gambling again another time. And they should try to have a budget for gambling so they won't have the same experience later.

Playing with risks, of course, will definitely provide its own adrenaline so that there are challenges in gambling games, apart from that the risks are not only in gambling but also in crypto trading also has risks or other activities, the higher the risk the higher the adrenaline we feel that's why children who are just growing up find it easier to find risks and games that trigger adrenaline in gambling.

In this modern era, anyone can gamble with their cellphone and everyone can find entertainment by playing gambling, talking about the risks, everything we encounter in life always has risks, even trading as an entrepreneur is full of risks, depending on how we can minimize the risks ourselves so that not too lose more money.

That is a fact that we meet in any part of the world where young people tend to like to take risks and no matter how they fall into it, the greater the risk, the more they desire to conquer it, but my view is that if I generalize it between gambling and investing, that is a logical placement. which is wrong, because if we talk about investing, when we fail in the process, someone can continue to improve it, so that they can be at the peak of the success they get from investing, but in gambling the case is different, because even though both are taking risks, and spelled out more there is a high ratio of losses to gains, but we cannot examine where we went wrong in the process if we do not get an advantage in the game.

But I think talking about gambling, with other activities, what do you think is talking about adrenaline, I don't think it's apples to apples, because I'm not quite sure that adrenaline in the context of trading and gambling is different, gambling is generally easier to do and not takes a lot of time for analysis and all kinds of decisions to make, and the main thing in gambling is luck.

If the premise of risk here in terms of risk in gambling and investment is the same thing, then the wild meaning says that the investor is a gambler. ???

This fact is increasingly visible when we often witness the behavior of young people who do extravagant behavior even towards their friends. They are young people who want to be acknowledged, but unfortunately, they often take the wrong path, and when they are reminded that it is wrong, they cannot accept it and instead invite or make a fuss.

If these young people can be directed in a better direction, they can use it to prepare for their future and start thinking about what they will do. By having short, medium, and long term plans, they can start to organize their life, and even though they are different from their friends, they can feel it later in the future. Especially if, at their age, they can start thinking about investing for their future.

As a human especially those that are financially stable you must have a spare income left in your savings aside from the money meant for other bills you might have made budget for and that's your spare cash which can be used for spending on outings, entertainment, and fun or even gambling, it quite true that no one willing wants to lose money but since gambling is a game of either lose or profit it's advised that people should use the little percentage of their income that they could lose with feeling too much guilt or remorse and it varies based on an individuals financial status.
 Like I stated earlier the money that's meant to be used for gambling varies for different individuals based on their financial status and if 5,10,20, or 30% of a persons income is okay by them and they won't feel much pain or sadness when they lose then it's fine to say that's their spare case and they're good to use it for gambling

If they do, they will only bet tiny amounts just to last long enough or they will only play using the demo mode of the game. Some people can still enjoy gambling this way. They think that money is too precious because it is so hard to earn it so even the tiny amounts of it must be spent properly. Like you I also play using the amounts I can afford to lose but sometimes I can't help but to deeply think of these losses.

There is still a regret that I feel but at the same time, I won't force my self to completely stop gambling. Playing using demo mode won't also work well on me. I think it's only on me. Maybe I have other mental issue but I'm looking forward on curing it.

The thing is, OP's coming from a place of lacking, otherwise he would understand the concept of money that you can afford to lose. People out there will always have money that they can burn, which they can in turn use to gamble away. And since OP doesn't understand this given the fact that he thinks everyone should just gamble regardless since no one has "money they can afford to lose" he thinks he's right. But at the end of the day this "gambling capacity as I call it" is something that's real and is something that you need to gauge for yourself so you don't go out here losing money you couldn't afford to lose. If you think you don't have any money for gambling, then might as well not gamble. Don't push your luck pal.

Most of the gamblers with good knowledge will use the the free money for the gambling.When the money is the money free from your monthly expenses,you don't worry about the loss occur in the gambling.If the monthly income is 2k dollars,then ten percentage of 200 dollars will not affect you.Mostly people use the money of 20-30 percentage of their salary for the monthly rent of their house.They use the 50 percentage of money for the food items.So the 200 dollars won't affect their monthly spending,it allow them to continue the casino for the next day.

There are certain factors that separate investors from gambler, you can just find it in just a simple search of difference between and investo and a gambler, but do no worry I already did it for you: https://www.investopedia.com/articles/basics/09/compare-investing-gambling.asp .  One worth noting is this explanation I qouted:


You can read the link I given to understand more deeply the difference of investment and gambling.


Yeah as a gambler we should have a proper allocation of funds so that we won't end up destroying our financial capabilities.  It is hard when we found ourselves in deeply negative financial status, it will take time to recover and reclaim the amount lost due to gambling.  We must practice restraint and bankroll management.  And only gamble the money we can afford to lose.  One of the best practical advice in gambling industry.

Each person does have that different financial capability on which means that there are ones who are really that prepared or really that expecting about those gambling losses and there are ones who are really that

motivated on making some income or having that kind of approach which its never been that that ideal on gambling to be treating up that way.There are people who are really that prepared on losing those funds
and that should really be done in the first place because if you dont really make yourself that prepared or having those intents for those funds to be used up that way then you would really be that desperate or would really be that impulsive towards gambling and you would really be acting like a gambling addict on the time that you cant really be able to control yourself when it comes to spendings.

If you are that someone who arent really that good when it comes to emotion or mindset handling then its better to avoid it if you dont like on losing money that much but its true that
there are people who are really that prepared on burning up their funds into gambling and dont mind if ever they would really be losing it.

If you're not allocating your money, that's how you'll think.

But do not forget that we're different in terms of how we handle our money. You put a budget in buying foods and necessities, bills, mortgage and everything.

While gamblers do allocate a budget for spending in the casino and that's the money that they can afford to lose. It may sound impractical but that's how usually it goes.

The first thing that makes many young people do this without thinking twice is because they think that there are still parents who can give what they ask for, they can even rely on their parents to demand their needs and lifestyle so they don't think clearly in the long term and often just ignored.
Indeed, the needs of a child are the responsibility of parents, but at least every child should be able to think and consider what he is doing so that there is no disappointment from the parents when they find out that their child has done something wrong.
Providing education to young people about understanding the risks of gambling and investing, in my opinion, is a good step so they can think about which one is better and can provide benefits in the future because young people have a long life journey.
In addition, providing insight and education about financial management is also very important and can make the younger generation have a more educated soul to think about how to develop themselves to make money without having to pay a lot of money.

I think it was quite the norm when you're gambling, it's not that it wasn't practical in a sense that you'll just prepared to lose it all but you know that it isn't certain. Well, it's 50-50 but as a gambler I think preparing for the worst rather than the best will always be understandable.

It is what most newbie gamblers will fall for. To lose control, have emotions and gamble with more money and following by addiction. But there should not be anything like this unless for the gamblers that do not want to be responsible while gambling. If gambling, it should be noted that spending more than expected is what that will not end good. Gamblers should not chase money. Gambling is not even 50-50, the gamblers have lower probability to win and higher probability to lose.

Yes, that's how it is as gamblers we are required to do something that should be and this must be considered that for gambling always separate the budget for gambling and the budget for living needs, because if it is put together it will make finances messy, so using money that is set aside and not used is it's important not to use a budget for necessities, at least be smart enough to limit the gambling budget.

By trying to limit the budget, it will definitely help us get rid of the nature of addiction, which is sometimes when we gamble and lose, we continue to play until all the money is used up, so money for other necessities of life also runs out. This is important to learn and control because to protect ourselves from addiction

As far as here nothing is impractical.The real problems are the gamblers who cannot accepts that easily that they lost all their allocated money in that specific gambling session and as such they deposit more in order to try and recover the lost amount,which we all know that rarely this is the case and normally the new deposit creates further problems rather than solving the first one.

We are forced to pay the bills,necessities,rent and all this,we don't have a choice here unless we want to starve if we use that money for gambling,the real problem starts with excess money that for me is the root of all the gambling problems.

This will go back to how parents can educate their children because if parents can educate their children properly and correctly, their children will not disappoint their parents and will do the best for their parents. But the reality is that parents have done their best to educate their children but because their children have the wrong association, they have chosen the wrong path and disappointed their parents. Perhaps parents need to tell them what risks their children will face if they get involved in gambling so that their children can think about the impact on their future. If there is good communication between parents and their children, there will be no misunderstandings or serious problems. And providing insight and education to their children from childhood can give them the awareness to have a more educated soul and think about how they should act, including when they are with their friends. Her children will not go wrong and can even become role models for their friends.

these days I have observed that people who have many sources of income can afford to be playing all day and every day, it seems like a joke but unfortunately it is not a joke, I have seen people in my country playing all day everything, then they start to fight but from what I see of the rich people who earn money every day it doesn't hurt them to take money to play every day, that's because those people already have their own homes, they already have many cars, they already have many sources of income income, so playing every day with an amount that is just one day's profit from their many trades is not a problem for them.

now it would become a problem if they became addicted to gambling, because with that they would put in more and more money every day and there would come a time when their daily profit would be much lower than the daily money they are spending in the casino and with a few years or even months they would go bankrupt, sell everything and become poor, addicted, drugged and kill themselves. by that i mean when the person has self-control, the person can play every day, but he needs to think that if he has a profit of 100$ a day from his real life trades, then he should only play with 10$ a day , if you have profits of 10,000$ per day from your real world trades, that person could play with up to 1000$ per day

financial management is a very important factor, a person who earns 500$ a month and after doing all the calculations for household expenses and 80$ is left over for fun, then that person could only play with 10$ or 20$ a month, if with 20$ he wins and is left with 40$ then it is a good thing because the bankroll value has risen a lot, this means that in the following month that person will not need to put more money in the casino. but if you lose the 10$ or 20$ then you must wait 30 days to put another 10$ or 20$. as I said, bankroll management is very important

i also feel like its more of a theoretical thing than practical. but i believe with discipline it can be achieved. where people get it wrong is that how do you estimate or separate the money that you can afford to lose? if you can sincerely answer this question then it will help you to gamble responsibly and not to be addicted.

The practical one is most important one in the gambling.Because the gambling is like the trading,it can be learned by applying your knowledge.The discipline is the needed one in the practical experience of the game.The gambler should use the money,which he afford to loss in the gambling.Most of the gambler start to increases the money to the gambling by the addiction to the gambling,till use the free money to the gambling.The game in the gambling will be the fun filled one.

Yes agree with you mate it's better to us to discipline ourselves and separate our money for our daily needs and for our wants which is for gamble and we must have the mindset that once we are budgeting for our gambling needs there's no assurance that our money will grow unless we are lucky enough to hit the jackpot. That's why we need to put in our mind that we must separate our money that can we afford to lose.

Simply allocate a portion of your money to use in gambling or as a capital to start. In that way, only that money will be used to play, which is the meaning of "money you can afford to lose." Also, that portion of money will not affect your financial stability; it is also called boundary money, which means that's it; it is the only money you will spend in playing and will not overboard, to avoid a big loss. I think this should be a good practice for the gamblers or set this as their mindset, but they can only do that if they have discipline.

I really like the way you use the word 'capital' in gambling. It gives off this vibe like you're running a business. And if you approach it that way, you might just find success in the long run. Just like in regular business, you don't want to put all your money in one place; diversification is key to minimize risk. But, of course, that should come from your savings, where you make sure you've got funds set aside for emergencies. In short, not everything goes into investments.

Gambling might be just for fun for many of us, but if you're ambitious enough, you can think of it as investing. Take sports gambling, for instance. Some serious folks call it 'sports investing,' and they mean business.

Spend the money one can afford to loss. What does it means?
use the money for living into gambling. Most of us don't understand the risk and just keep on wagering just to recover what one had lost earlier. In a game of chance we can't be sure of the outcome and based on that needs to be limits.

I personally spend beyond my limit. Nowadays the spending on gambling used to be the money I allocate to clear my debts. When I loss on gambling, my personal living doesn't gets affected, but my debt gets stagnant. It is also kind of spending the needful money.

You know, when they say 'Don't gamble what you can afford to lose,' it's kind of like comparing gambling to other forms of entertainment. It's all about spending money on something that entertains you. Just like going to a concert or watching movies, you're putting your money into the experience.

But the saying also hints that in gambling, losing is a real possibility. So, it's like a reminder not to get too attached and be ready to move on if luck's not on your side.

When they talk about money that they can afford to lose, they mean some small amount, equivalent to what you can afford to spend on any other entertainment and this will not be noticeable for your budget.

It is clear that no one wants to lose money and come to gambling to win something, but if you play for an insignificant amount, it will not cause you any discomfort if you lose. Personally, I don’t like to lose and even losing a small bet can upset me, so I believe that everyone should only play with money that, if lost, will not affect your budget in any way.

It is already quoted here in this section that gamblers should use the little money that they can afford to lose and gamble, so some gamers are doing as quoted, but another quote states that gamers should use spare money to gamble and my disagreement with that quote is that nobody as a whole has spare money. Every money has value, but every money holder doesn't have value for their money.

Even if a person has enough money and still a steady income, I still don't agree that the money the person is working to get doesn't have a valid use. If the money doesn't have good use, then why is the person working hard to get the money?

At times, money controls the owner, like if someone has a lot of money, he might be confused about what to use the money for
and if not, then the person might just have to risk it, but that is not a good option.
It is good to know your limits on everything and risking everything is also not good, like I only gamble once in a while and I also have a limit that I don't and can exceed.

So you are saying that you are spending all your money on the things you need and nothing on what you want?

Let me give you an example, of what you are achieving by paying for a ticket and watching a movie by doing that you are losing your money to get the experience, and can be replicated with a hundred other examples like that.

If you feel that you can't afford to lose money on gambling then you are not the person supposed to gamble, so go and make some money when you are filled with money and casinos are great places to spend it. :D

Allocating a certain amount of funds for gambling is very important so that he does not use the money for other needs. This must be really paid attention to so that he does not deposit excessive money because he must have good self-control when he gambles. By allocating a certain amount of money for gambling, it is money that he can afford to lose from gambling so that if he loses control of himself, he will not try to deposit another amount of money. And that was money he could really afford to lose.

And if he accidentally spends his money one day, he can remember that he has already used the budget allocation he set for gambling. He also wouldn't try to deposit any more money because that would exceed the budget he had already made.

It seems like this is what beginners need to understand, don't gamble if you don't want to experience risks and don't want to lose money, because if you are still worried about that, it's the same as wasting money on gambling unless you really want to gamble just to find entertainment so the money you spend is not just to make other big money but to pay for entertainment when gambling.

I personally also always suggest that beginners should understand every risk when gambling and always use money that is ready to be lost. If you are not ready for that, you should not gamble, you should look for another hobby or look for other activities such as working or trading to get definite money that can be a source. a steady income that cannot be obtained from gambling.  ;D

When they say "spend the money you can afford to lose", it doesn't mean that it is okay to lose your money at all. It only mean that it is the AMOUNT OF MONEY that you will be willing to take risk for the chance of making money from it. I mean, you have the chance to earn from it if you are lucky enough, and if you lose, there will be no hard feeling as you only risk the the amount of money you can afford to lose in gambling.

It is all about the risk on where you will spend your money, whether you will spend it all on your needs, wants, and savings. Or if you can separate a small amount of money to risk in gambling that might be double or not. It is all about the taking that risk or not.

the practice is not easy. but it is a good thing to be advised. What if I said the gambling addiction that some people experience is also due to a theory. like saying "gambling is very detrimental" if we refer to it in gambling maybe some people will think "it's better if I really spend it, because I don't believe in that". I'm sure some people think this way. The reason why gambling is used only within the limits of the ability to lose money is what should be a reasonable limit.

This advice is very practical. The meaning of the wise saying is not literal. It simply means that you should bet with money that you can afford to bear when you lose.  We all know that nobody wants to lose even a cent but in gambling, you put in what will not affect the provision for your basic needs. Your budget for gambling should be part of the least and shouldn't be what will give you sleepless nights when you lose.

There have been issues of people using their school fees, house rents, or even an entire monthly income to gamble because of greed. This shouldn't be the case because might lead to behavior disorders and even health problems. So this advice is simple but powerful and ageless. Your gambling expenses should be from your extra or spare income

Gambling should never be considered as a way of making money but the human mindset filled with greed sees this as a way but get backfired in the end.

Gambling is more of an experience and there is no denying that you can make life-changing money in the blink of an eye as I said you should not take the risk if you can't afford to lose the money but still people go for it due to their optimistic nature. :D

Start betting with no expectations, if you get some wins then you can feel lucky on that day and if it didn't just sleep on it then move on your daily activities cause thinking about the loss will lead to further financial loss in my opinion.

Sorry but I think trading is as risky as gambling. If you can't gamble then it is better to search for a job than doing any of gambling or trading. Trading involves high risk and many have analysed it to have some features as gambling although it may not be the same but the fact remains that it is also risk. But a job gives you a more relaxed mind without risk of losing your money to untraceable person  ;D. Working has its advantage and disadvantage, and the disadvantage is that you won't earn more than the agreed payment but gambling gives you that risky advantage. However, for newbies who are finding it difficult gambling, choose to search for job.

It's hard to beat the house, gambling is a game of luck, so my answer will always be YES, I am going to keep using money that I can afford to lose, you should have ask people how much is money that can afford to lose, instead you said no one really have money they can afford to lose, you are wrong.

Even you OP has money you can afford to lose, let me give you an example, there must be sometimes in your life where you spend money on unnecessary things, those type of money are better use for investment or trying your luck.

Let me go deep into better explanation, if you are earning up to a 500 in dollars every month,  how will losing $1 on gambling every week affects you? Will you be willing to take risks with $1 and still have $499 left or you willing to take risks with $60 and have $440 left? You are the only one that can answer this, some money won't hurt even if you lose them.

Still not satisfied? Ok let me use this example again, how much have you paid on gas in crypto this year alone? Why didn't you feel pained when moving $100 to exchange using $2 every time? Because it's worth it, isn't it? It's just $2.

So use those money you will call "Just" to gamble, this is the perfect money for gambling, and only you knows the amount that won't do you a thing when you lose them.

I don't see any reason why you have to say "working" has it's advantage and disadvantage when every man in this world must work. Working isn't limited to working under someone or a company, but trading, business, freelancing and any other jobs that could give you money.

Gambling, on the other hand only make gambler keep losing their money, it's completely a wrong thought if gambling is a source of money.

Discipline or how a person can manage money is very difficult if they are familiar with gambling, unless the person no longer has anything in the world, perhaps there will be changes, although not 100%. from mistakes will be lessons that  will not want to repeat, which I experienced several years ago. Even though I still gamble, I don't have big ambitions to win and I have allocated a certain amount of money. If you can control gambling just for fun, it might be better.

Each of us spends a certain part of our income on entertainment, which in principle we can refrain from. It should be understood that gambling is a high-risk entertainment, which will either increase your money or you will lose it. That is why every gambler must accept the notion that playing gambling he must play only on the money that he is ready to lose. Whether he loses this money or not is another matter, which depends on many factors such as luck, self-control, experience, etc.

i always gamble with money that i don't use for savings and daily necessities, i always gamble with my idle money and the amount i always use is not that big, people who always have problems with gambling usually use their savings, money  their families, borrowed money and money entrusted to others.  Wise gamblers will not spend money they cannot afford to lose because they know the root of all problems that occur is when they fail to manage their money well.

But someone who is used to gambling still has the opportunity to manage his money to prevent the risk of losing a lot of money. Everything can be learned so that the person doesn't have to go through a bad experience. As long as there is a desire to change his bad habits and there are concrete actions he takes, he can do it, especially if he continues to practice it until he gets used to it. When he gets used to it, he will only gamble with the money he can afford and will not go through with it because he has already been in that situation. He no longer wants to have the same experience as before, so he tries to tighten his budget and will not gamble excessively.

What you say, maybe it's true, the facts on the ground are different from what we are talking about, theory and practice are two different traits, but behind all that those involved in gambling have different characters and traits, In my opinion, there are levels of people who gamble, from ordinary gamblers to high class gamblers, from entertainment to high level addiction, that's what differentiates the funds used for gambling.

For those on the verge of addiction, they use unlimited money to gamble, from savings, selling property, to gambling, However, there are also those who use money to gamble with the money ready to be lost and there are also those who are unemployed but they are affected by gambling, By not having money, they don't think much about what money they use for gambling in the hope of winning and making a profit, it doesn't matter where the money comes from, the important thing is money.

Of the many cases we have seen of someone using money to gamble, everything that is said is true, because a thousand people have a thousand ways of using money for gambling, losing money, entertainment, profit, making a living and so on, all of them are true.

It's totally wrong to make gambling a source of income as it can be very risky and can cause some level of frustration especially when you have series of losses, gambling should be on the side and be used for fun and better for entertainment but to use as a primary source of income is not ideal because it can't guarantee you money at any time but will rather take it most time.

It is advised you get a proper paying job then do not Use gamble as the source of income, you can at times use residual money from your income to place bets and if it turns a winner you be fine but if it turns out loss you may not have to border as it was something you could afford to loose but when you add desperation or probably budget and make plans with all hopes on gamble money you tend to loose more.

Of course as gambling has it's advantages and disadvantages so dose work has it's advantages and disadvantages aswell,  but then it's important and very essential you gat a job regardless of it's advantages and disadvantages because you wouldn't dwell on these disadvantages and decide not to work and stay idle, that way you wouldn't have the fund to even consider gamble an entertainment.

If the person is a gambling addict, it will be difficult for him to manage his money so that he can live a normal life. On average, people who have been damaged will continue to gamble until they get a lot of money on their mind. For example, if a neighbor or friend is devastated by gambling, if they see this, it will be difficult to learn to improve themselves or become a basis for managing money. This is something that rarely cannot be anticipated or is very difficult to be aware of.

Is the money you currently plan to use for gambling money you can afford to lose?

I can say yes, for me. We all know that you don't always win when it comes to gambling, you always lose. For me, gambling is just a pastime, a habit to not get bored, I don't gamble to get a lot of money or earn it like others do. I am disciplined and have self control when it comes to gambling. Others make it a source of income so it becomes a big deal for others. So I can say that the money I plan to use for gambling I can afford to lose. Because it's already planned, budgeted. It's not painful or sad to lose

Yes, I will always chose to gamble money that is not intended to pay the bills, in short it's my spare money that I can manage to lose. That way, even if I lose all of them, it will never affect my finances and savings. And the fact that gambling is more certain on losses than gains, then we should be more responsible on using the funds that are not needed at the moment.

That's what I think, too. I can spend my free money any way I want. I can buy myself something useful, or I can just gamble after work or on weekends. Personally, after several years of gambling, I have a clear understanding that the money I plan to gamble on will most likely lose. Therefore, parting with this money is not so miserable, and winnings inspire me and make me the happiest.   

Definitely yes. I will never gamble my money if I know I can’t manage it to lose, or it’s something that is currently needed on some important matter. But knowing it’s my extra cash, so I think I can freely use it for my entertainment satisfaction and gambling is probably the best thing that could give me fun after playing its game. So no matter how the things will go, even if it could be a loss, it doesn’t matter actually as long as gambling games have satisfied me. But it will be more fun also if I happened to win the game and double my money from gambling.

In all given replies, it proves that the advice gambling only what we can afford to lose is not just some theoretical practice or any unproven method to keep one from being too hooked on gambling.  Gambling what we can afford to lose is one of the practices under responsible gambling which is also an advice of the government and other concern individuals when it comes to gambling activity.

There are lots of stories where one person befall to gambling addiction and financial ruins because they don't follow the advice of gambling only the money that we can afford to lose.  So these kinds of different people sharing the same story is a proof that the advice of gambling only what we can afford to lose is one of the best practical advice and application that a gambler must follow to avoid financial ruins.


This one is a good example why people have spare money to spend and can afford to lose.

Those who are addicted to gambling will not be able to control the use of their money because they will gamble excessively and feel that they have not gambled enough. These people have been harmed by gambling but cannot realize it and just continue gambling. But they can also hide their gambling activities from others so that others will see them as someone who is okay even though they are not. And if that were the case, it would be difficult to watch out for, know, or even anticipate because he could always hide his gambling activities. It might be difficult for him to cure his gambling addiction if he doesn't realize that he is addicted to gambling and needs help from other people.

There are also those who realize that they have lost a lot of money in gambling but can still prioritize gambling, so the main thing is that the family's needs must be neglected because of the effects of addiction. all he has in mind is winning big doubles, not looking for fun or entertainment. even though asking for advice from friends is not 100% going to come back. only time will determine future changes. regret always comes at the end

If they realize that they have lost a lot of money but can still gamble, they have to really feel that they have lost a lot of money before they can really realize that they have to fulfill the neglected needs of their family. That will make his family unable to buy their daily needs because all the money is used for gambling. And this person should be aware of his mistakes, and he should leave gambling and never gamble again. But if he continues to gamble, it seems like this person is so addicted to gambling that he can't differentiate between which money is for gambling and which is to meet his family's needs.

The sensation of being comfortable in the world of gambling is definitely addictive, most of them will find it difficult to carry out work activities because their brains are unhealthy and expect too much. Most of them end up losing and their families are destroyed or survive because of their uncertain gambling appetite. The process of getting rid of gambling addiction is not easy. The lowest point of having nothing forever will probably be something to reflect on in the future and not repeat it

Those of us who gamble for fun and gamble to make money never gamble to lose money. Everyone has a hope that he will earn money instead of losing it. Here the money I use for gambling is definitely my hard earned money. I never want to lose this hard earned money but sometimes the cruel twist of fate makes me lose it. Many people say to gamble only as much as you can afford to lose. Here I also have an answer that I never want to lose money even if we participate in gambling and lose. I feel so helpless when I'm lost. Now I can never lose the money I earn.

Well you seem to live a different lifestyle to others, where you may consider that you cannot afford to lose any money. However if you look at it differently and as a form of entertainment, then it can make more sense. For a example some people find pleasure in going bowling or to the cinema, even paying $20 for the privilege. That is a fun experience to them. Other people choose gambling as a fun experience, outlet and way to spend their free cash. Neither is better or worse than the other, as long as the person stays in control of their budget.

That comfortable sensation is what every gambler is looking for so that they don't feel addicted to returning to the casino repeatedly. They will find it difficult to do other things because their minds are only focused on gambling games, even though they rarely win and only experience defeat. If they could see that they still had the option to stay away from gambling or at least reduce their gambling activities, they could choose that to prevent more losses. This is also so that they can reduce their gambling addiction because usually, they will not feel that they are already addicted to gambling. And yes, they need to reflect on their gambling activities and consider whether to continue gambling or stop gambling.

In fact, playing gambling with a deposit of a certain amount usually doubles, but this multiple is still considered insufficient if it reaches 2 or 3x the total deposit. they still hope for a miracle to come so that their money will be big but in the end to no avail. If you get 2.3 folds. it might still be profitable. because greed itself can cause damage. If you don't gamble greedily using management theory you can control it, maybe it won't fall apart. can be an additional side income

I totally agree with this! Because this is the advice that I always give when people are asking me from it and that is to only risk something what you can afford to lose. I think if we try to look at this in the context of gambling, this would really make sense because as well know, you will really lose money in gambling. So, it's like  another way of saying that you should manage your funds wisely and that you should only use you free money. I also agree with what you mentioned that if we see gambling as a means of entertainment, then what you can afford to lose for gambling really makes sense. Because it's like paying for a ticket to a concert since your main goal is to have fun. And I think this is also to teach gamblers to gamble responsibly and to remind them about the risk of gambling if the very reason reason why they engage to it is to generate an income and not to have fun.
But again, we all have different belief and views about this matter.

The key is not controlling your budget or knowing how to play only with money you can lose. The main thing is not to become mentally addicted to gambling, when you will have thoughts only that you can win, for example, doubling your bet. If you begin to think about winning and not about pleasure, then you begin to addiction to gambling.

Sounds easy to say but if you are in the actual situation, you can't withstand it.

Winning will really pump us to the point that we will push our luck to its limit. We continue to play especially when winning because we want to take chances and the opportunity that luck is now. It's like why should we stop when luck is currently on our side? Just continue.

Then that's the critical part, we don't realize that we are now falling on trap of gambling and that's the point it test us being a responsible gambler

These types of thread are just a repetitive. If you are gambling you have your reason for gambling. I may be able to use the money that I can afford to lose to gamble or the other way around. It does not really matter as long as I am having fun and I am not on in losing streak. We may have money's that is not strictly what we can afford to lose but we do not call it that. See this thing with gambling is this if you do it responsibly you wouldn't have to worry whether the money you are using is what you can afford to lose or not.

If the gambler get many loss in the gambling,So they get addicted due to the uncomfortable behaviour of the loss.It’s very difficulty to explain the pain of the continuous loss,being the gambler we will start to target the loss.But the loss is not the permanent in the gambling sites.So the trying for the longer period was the most important by the gambler.He should choose 3-4 game and build their own strategy and knowledge to that game.Some day their involvement will help the gambler to make the big win using their own strategy.

That is difficult to obtain because we play gambling where we can lose or win. We lose more often than we win, so even if we win, we may still lose because we have lost money in gambling. And if we win, there will be greed, which makes us keep gambling because we hope for a bigger win. But that also will only happen sometimes because if we don't have self-control, we will experience many losses. But if they think about looking for additional side income, it won't be easy because we will encounter loss, and even though we can earn money, it probably won't be very big.

If a gambler gambles too often, they have the possibility of developing a gambling addiction. If he continues to lose, he will become increasingly frustrated and want to keep trying to recover from his losses so that he will continue gambling. He might even use more money to win the gambling game. But that also doesn't guarantee he can win from gambling.

Only play with what you can lose, right? Like a funfair. The rides, games, and cotton candy cost money. Don't expect that money back? Pay for the thrill, fun, and experience! Gambling ought to be same. Thrill, tension, and excitement matter. And you're right—gambling to make a quick buck is likely to disappoint. As entertainment, it's like buying a concert or movie pass. Fun responsibly is the goal. Who am I to say? Everyone has opinions, right? But isn't sharing and comparing fun?

It may be theoretical for those who can't follow it. That is the reason why there are those articles or tips that you said about how to budget or bankroll management. On to your question ; my response would be yes, most of the times because the feeling is worse when there are times that I get overboard and lose it. Maybe I can't get enough but I'm only hoping that I can recover what I previously lose. Much better if I ended up with extra profit. 

There are actually but I think your point is there is always a use for every money that we usually spend. In gambling, a lost money is not simply a loss but we get something out of it and that is happiness. If we are winning, we get both happiness and profit.

Not just this but almost all threads that we see here are like that but I think this one here is not worse as the others. I still find it " not that common " which is great because it allows me to have an interesting reply. You're right about having a reason for gambling.

Those who use money that they can afford to lose are definitely playing mostly for fun but they are thankful and happy once they get lucky and double or triple it. Those who use money that they can't afford to lose are mostly playing for the profit. Maybe most of them are like that or won't worry a lot because they are still in control but I can feel that they feel a little pain which can then go away later on.

The advice is not based on the fact that any one do have a certain amount of money they keep aside to be lost every now and then to gamble, but they the idea no simple a certain amount of money that will not get you so emotionally tied to you stakes such that if it turns out against you, you will find it too difficult to bear the loss.

Realistically there are certain amount of money if we loose to anything be it gambling or something else we tend not to sorrow over it for just too long we can quickly move on as such amount can be tagged insignificant to affecting our emotional and mental well being, but in situations where huge sums probably was supposed to be use for certain is use to gamble, if you eventually loose it then it becomes a problem as you find it really difficult letting go because at that point you have got some emotions attached to it already and you are probably not ready to bear such losses.