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Author Topic: How much of my salary should I use to gamble  (Read 1510 times)
erep
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Today at 03:47:30 PM
 #341

The other day, I came across a topic created by a member of this forum where the user asked if it was possible that addicted gamblers don't win all their bets. It was a nice question because that really explains how terrible addiction is. It is possible for an addicted gambler to win a huge amount of money, but due to their state of mind, they will still lose everything and can even spend all of their money apart from the one they have won. If it got so bad with the person, he or she can still take a loan to gamble. 

How can a gambling addict even be able to save some of his salary when they cannot even save some of the money they are winning while gambling? Very difficult. 
When the amount of money from gambling winnings cannot be allocated to savings and there is a small chance that money for other needs can be allocated to savings as well, relatively addicted gamblers cannot allocate funds for savings because the influence of gambling has worsened their economy, especially since some gamblers consider gambling to increase their income and they use a lot of money just to bet. The solution is that they have to limit access to gambling if they want to plan to make savings and they have to set a low allocation for gambling.

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Today at 04:02:10 PM
 #342

Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work,  so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble?
If you're asking how much of your income to gamble, I'd say spend 1%-5% of your income on gambling. There are many people who do not set any budget for gambling, they participate in gambling constantly, constantly participating in gambling as a result of which at some point it is seen that they have completely ruined their lives. I don't know how much is your yearly or weekly salary but I won't consider it I would just say spend 1%-5% of your income on gambling If you can spend 1% to 5% of your income on gambling then you can be safe on casino platform for gambling. I always spend 1% to 5% of my income on gambling, except for this fixed budget, I don't spend any extra money on gambling.

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Today at 04:13:02 PM
 #343

Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work,  so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble?
Well, I think this largely depends on how much money you are earning as a salary, like me for example, I am no longer working and earning salary, but I have been there before, and though I wasn't really into gambling then, I've never used more than 1 to 5 percent of my salary for gambling.

But then also, you have to also consider some factors as well, if you are not married, and don't have other responsibilities aside from looking after yourself and feeding, then maybe the best percentage that should be used for gambling should not be more than 5 percent, depending on how much you are earning and how much you love gambling.

But then, if you are a family man with wife and children responsibilities, then, I would say it advice that you do not use more than 1 percent of your salary income for gambling, this is to enable you have enough money for your self and your family, and other unforseen expenditures.

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Today at 05:07:47 PM
 #344

That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .

The source of income for each gambler is different. Some may be getting salaries on the job while others may be doing business. Also, some may get more salary and make more money while others may earn less. Also, some people have more expenses as compared to others. Therefore we cannot say how much salary or how much % of salary or income one can devote to the gambling. The figure may vary from person to person and more importantly, it depends on the financial condition of the gamblers.
Not everyone's income is the same. Some earn a lot of money in a month and some earn a small amount in a month. Some can afford to lose more money gambling and some can afford less. Now you should consider yourself how much money you can afford to spend on gambling. Gambling is usually played for fun, so you can gamble for fun. Never get addicted to gambling and spend a lot of money gambling. Gambling depends on luck, if luck is good you will win if luck is bad then you will lose.
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Today at 05:30:28 PM
 #345

That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .

The source of income for each gambler is different. Some may be getting salaries on the job while others may be doing business. Also, some may get more salary and make more money while others may earn less. Also, some people have more expenses as compared to others. Therefore we cannot say how much salary or how much % of salary or income one can devote to the gambling. The figure may vary from person to person and more importantly, it depends on the financial condition of the gamblers.
Not everyone's income is the same. Some earn a lot of money in a month and some earn a small amount in a month. Some can afford to lose more money gambling and some can afford less. Now you should consider yourself how much money you can afford to spend on gambling. Gambling is usually played for fun, so you can gamble for fun. Never get addicted to gambling and spend a lot of money gambling. Gambling depends on luck, if luck is good you will win if luck is bad then you will lose.
Gambling with our salary requires caution and management because a gambler who jokes with his salary is mainly joking with his business or work. The funds we earn is meant to be used in running the business and when they is no money to move a business the person will definitely fail in his field. Hence, it's crucial for a gambler to be careful with the percentage of money he takes out from his salary to gamble. A thread in previous months was centered on wagering at least 10% of our salary every month. That way the player will be able to enjoy the game and not lose out a lot.

Gambling can be tricky and a player would think he already posses enough luck to win in gambling, thereby wagering too much money till his income gets exhausted. Here the problem will kick in because no money will be left to pursue the business. Taking loans would be the next choice for the gambler and he would be surprised at how his business may start to crumble as the borrowed may still be invested back to gambling. How then will a player make money for gambling if not through his income? Managing it is the main point. It's fine to wager from our salary. Money is made to be spent on this we enjoy.

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Today at 05:59:57 PM
 #346

Very quick answer here because simplicity is always best in any situation which can get more complicated over time.

Don't use any of your salary for that month, don't play in this way as it requires a steel will which most of us don't have.   Play with your savings not your salary, simple difference the money is free and clear if already saved.

If you are juggling the books between salary and bills and hoping the days after pay but before bills need paying it gives time to gamble, that part is the first mistake of many is my rough thinking.

Don't start off on the wrong step if you are going to take this on as a serious proposition.   Alternatively just play for fun and learn the game but don't begin expecting to win as if you are experienced, its an ego and discipline aid to a good attitude.

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Today at 06:35:52 PM
 #347

Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work,  so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble?
Since you are a beginner, then it’s not more than 5% and you shouldn’t play for everything at once, but this is enough to understand what you like best. But don’t forget to take breaks and play after a month so there is a chance that you won’t get sucked into gambling.You need to immediately control your budget and don’t give in to excitement.

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