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Author Topic: Your betting budget  (Read 4947 times)
Johnyz
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July 17, 2021, 08:10:20 PM
 #121

some people are betting just for fun , there is sometime free money like bonus from casino little sums but just for fun because gambling is not good way for making money , the risk of gambling is ,for many people, gambling is harmless fun, but it can become a problem , because problem gambling is harmful to psychological and physical health. People who live with this always have those bad thing , You should not rely on gambling as a source of living
They are maximizing the free money they get from for free and that’s fine as long as they didn’t go beyond their limit because gambling can become more expensive at your side if you’re seeking for too much fun, its addicting.

Anyway, budgeting is one my top priority and with regards to gambling capital, I don’t always have budget on this but sometimes if I get extra money on that month, I tried to play and later on regret it because of being greedy. Due to this pandemic, I limit myself up to $100 only if I have the extra.
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July 17, 2021, 08:49:32 PM
 #122

some people are betting just for fun , there is sometime free money like bonus from casino little sums but just for fun because gambling is not good way for making money , the risk of gambling is ,for many people, gambling is harmless fun, but it can become a problem , because problem gambling is harmful to psychological and physical health. People who live with this always have those bad thing , You should not rely on gambling as a source of living
They are maximizing the free money they get from for free and that’s fine as long as they didn’t go beyond their limit because gambling can become more expensive at your side if you’re seeking for too much fun, its addicting.

Anyway, budgeting is one my top priority and with regards to gambling capital, I don’t always have budget on this but sometimes if I get extra money on that month, I tried to play and later on regret it because of being greedy. Due to this pandemic, I limit myself up to $100 only if I have the extra.
When greed hits me then my self awareness do really always remind me on that i do have a family to eat and need up something to live in a comfortable life and thats the time
i do completely stop and dont intend to spend more beyond the limit or budget and i have been into this situation for several times on where i do need to stop mid way
because when you do really get impulsive then you would really be out of your mind and in result you would really be betting like theres no tomorrow.
Anything should be on budget specially with finances because you wouldnt know if you would earn money or not in tomorrows time.

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July 17, 2021, 08:50:46 PM
 #123

some people are betting just for fun , there is sometime free money like bonus from casino little sums but just for fun because gambling is not good way for making money , the risk of gambling is ,for many people, gambling is harmless fun, but it can become a problem , because problem gambling is harmful to psychological and physical health. People who live with this always have those bad thing , You should not rely on gambling as a source of living
They are maximizing the free money they get from for free and that’s fine as long as they didn’t go beyond their limit because gambling can become more expensive at your side if you’re seeking for too much fun, its addicting.

Anyway, budgeting is one my top priority and with regards to gambling capital, I don’t always have budget on this but sometimes if I get extra money on that month, I tried to play and later on regret it because of being greedy. Due to this pandemic, I limit myself up to $100 only if I have the extra.

$100 dollar, is that for per every session?

For me, I'm more into bankroll budgeting, so I can put up to $1000 and it will already last for several days if unlucky but I would be able to withdraw some profit if I'm lucky, so the point is, I stick with my max bankroll and I'm just like getting an interest if I have some lucky days. Also, I carefully choose my game and I am so disciplined with the amount per bet, I remain conservative so the enjoyment will last longer.
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July 17, 2021, 08:58:17 PM
 #124

I use my funds that came from signature campaigns, preferably, I'm waiting for my balance to reach my minimum preferred balance before starting to play on amy casino. There were just few times in which I'll make some deposits from which aren't awarder from bitcointalk.

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July 17, 2021, 10:12:36 PM
 #125

I use my funds that came from signature campaigns, preferably, I'm waiting for my balance to reach my minimum preferred balance before starting to play on amy casino. There were just few times in which I'll make some deposits from which aren't awarder from bitcointalk.
How much is your preferred minimum balance from your campaign earnings? Don't you feel bad that after you've participated for a week or two then you'll be using that minimum amount from your campaign? I think that the minimum amount you've been spending isn't that much because if so, you won't have anything left from your weekly or two participation.

some people are betting just for fun , there is sometime free money like bonus from casino little sums but just for fun because gambling is not good way for making money ,
We always hear that it's not good for making money but let's just embrace those gamblers that have the talent and made it their source of living. Well, it's a good strategy if you're always using those bonuses from the casino but they can't just have it forever.

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July 17, 2021, 10:18:26 PM
 #126

I use my funds that came from signature campaigns, preferably, I'm waiting for my balance to reach my minimum preferred balance before starting to play on amy casino. There were just few times in which I'll make some deposits from which aren't awarder from bitcointalk.
Myself too does the same, but this went out of my control. As a result I've lost big depositing and gambling. This way I was in big debt and now I'm feeling bad for what I've done. I've shared my story on a separate post Be a Responsible Gambler. Even after this incident I keep on losing every week what I earn from campaign. Cry Cry

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July 17, 2021, 11:23:12 PM
 #127

I use my funds that came from signature campaigns, preferably, I'm waiting for my balance to reach my minimum preferred balance before starting to play on amy casino. There were just few times in which I'll make some deposits from which aren't awarder from bitcointalk.
i think the whole point of making a budget for gambling is to not regret anything, i think the amount that a person should gamble with is the amount that he can lose and not regret gambling with it afterwards.

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July 18, 2021, 03:46:53 AM
 #128

I use my funds that came from signature campaigns, preferably, I'm waiting for my balance to reach my minimum preferred balance before starting to play on amy casino. There were just few times in which I'll make some deposits from which aren't awarder from bitcointalk.
Myself too does the same, but this went out of my control. As a result I've lost big depositing and gambling. This way I was in big debt and now I'm feeling bad for what I've done. I've shared my story on a separate post Be a Responsible Gambler.

Controlling ourselves is the hardest thing in gambling. Even if we set our budget/limit before start gambling, we may jump into a situation when we cant control ourselves. It is a human nature if you ask me, greed is something that hard to control but if gambling turns you into a big debt then you did it really wrong.

Quote
Even after this incident I keep on losing every week what I earn from campaign. Cry Cry

Why dont you learn from your own experience? I think you need to find someone to help you as it seems you are addicted already as you cant even stop after you were in a big debt because of gambling.

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July 18, 2021, 04:00:34 AM
 #129

I kind o like feeling in control of my finances and that means controlling my spending and being very aware of what goes in and what goes out. I normally check my accounts every month and may make a few decisions on what to spend next month if things are not looking correct. One of the things I do is to set aside 10% of my income for things that I really do not need - expensive clothing, gadgets and electronics, books, games,... and part of that is gambling. For me, a reasonable gambling budget is 3 to 5% of my income, although I may allow more if I have some extraordinary income that month. How do you plan your gambling or fun budget?
Have you created a Ledger in every details of your Incoming and outgoing finances mate? because this is what My Wife does for our monthly funds flow.

She is the one who's making the recording and Deciding how much She will allow me to use for gambling, and i respect Her so much for this because at least I know that even if i lose , there is only small part of our funds that goes with the gambling operator and also this made me become disciplined gamblers because of My wife's help for letting me understand everything and telling me that this is all for our family.

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July 18, 2021, 04:48:30 AM
 #130

I kind o like feeling in control of my finances and that means controlling my spending and being very aware of what goes in and what goes out. I normally check my accounts every month and may make a few decisions on what to spend next month if things are not looking correct. One of the things I do is to set aside 10% of my income for things that I really do not need - expensive clothing, gadgets and electronics, books, games,... and part of that is gambling. For me, a reasonable gambling budget is 3 to 5% of my income, although I may allow more if I have some extraordinary income that month. How do you plan your gambling or fun budget?

This is really good if you are looking to gamble at all.

You need to look at gambling as an expense that you are willing to pay - much like entertainment. In fact, it is a form of entertainment that you pay through incurring negative EV on casino run games.

I personally allocate somewhere closer to 2-3% and consolidate that with the rest of my entertainment expenses (subscriptions, etc.). Definitely not anywhere near the double digit percentages that a lot of other people seem to be working with.
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July 18, 2021, 05:03:02 AM
 #131

My earning isn't regular and the earnings I make isn't big. This makes me go try for multiplying what I have in the wallet. Probably I start with the minimal allocation of $10, but this never gets stopped by the point. The gambling gets stopped once the Wallet gets emptied. This way I used to end gambling for the while and I don't have self control.
It is difficult to use multiplying to increase the money by winning the games as we know that will depend on our luck.
But that could be the way for us to make money as long as we know when to stop.
Maybe you can try to change for $10 to be the maximal allocation to gamble so you will not have to add more money to continue gambling because I am afraid that can attract you to deposit more if you lose all of the $10.
Learning self-control will be necessary for a gambler because that can help him to stop gambling and not trying to deposit more money.

And what's next if you managed to increase your $10? without any limitation with your gambling activities, there's none waiting for you.

Always best to have good target when you are playing the game, though your budget is not that high and if you can stop after losing it and you have no plans to deposit larger amount, that's already a good way to start balancing your goals.

Most of the time, those gamblers who are good with small earnings managed to exit the house with a much better enjoyment, than those who are greed who keeps regretting and keep asking those "what if'" Just saying  Grin Roll Eyes
Just stop gambling if you can increase your $10 because the next round will not always be your lucky.
That is why limitations will always be necessary for gambling to know when to stop gambling and prevent addiction.
We can prevent a deposit of a larger amount with limitations because that will be a high risk that we will face.
We know how to enjoy gambling without using a large amount because our luck will come with a small amount.
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July 18, 2021, 06:00:34 AM
 #132

How do you plan your gambling or fun budget?
I always prioritize the needs first. Usually I list the needed budget every payday and the expenses for the whole month. I always allocate the 20% (or higher) of my money for savings and whats left is my budget for anything I want to spend it.

What I always use when I gamble is a spare money, meaning to say the money that I can afford to lose. But most often when I only want to kill time, using the free satoshis of the site where im playing is already enough just to entertain myself.

For me its best to set limit on how much money are you willing to spend in gambling. Its hard to control ourselves when playing especially if the situation is getting intense but if we have discipline, self control wont be that hard.

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July 18, 2021, 06:03:23 AM
 #133

Each month I transfer a certain amount to the site and that is the top limit for me. If on the first day itself I lose that amount then no more of games to be played etc as that is the max amount for me. If I make profit during the month then some amount I withdrew and carry over the rest of the profit to next month and as well ad the amount for that month so have little more to pay with. Do not get carried away with wins/losses is what I have being following.

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July 18, 2021, 06:24:00 AM
 #134

Emotional control of the soul is very difficult

This is what is in our minds sometimes we want to immediately want to get back or get more straight away. and immediately leave the basics that we actually know. like don't cross the limit. don't be greedy. these things are sometimes just thrown away because of that feeling. one must be able to think calmer and better before do any silly act. self-awareness is required.
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July 18, 2021, 10:43:23 AM
 #135

Emotional control of the soul is very difficult

This is what is in our minds sometimes we want to immediately want to get back or get more straight away. and immediately leave the basics that we actually know. like don't cross the limit. don't be greedy. these things are sometimes just thrown away because of that feeling. one must be able to think calmer and better before do any silly act. self-awareness is required.

That's Greediness , In other term expressed , Emotional Control of the Soul  Grin

That is your desire to Win easily when the right way is to work or at least do business and take time to grow .

But gamblers find it more easy to Gamble though they don't realized that the more they are seeking for easy money is the more they are dropping low to lose and take long to achieve their objectives.

I use my funds that came from signature campaigns, preferably, I'm waiting for my balance to reach my minimum preferred balance before starting to play on amy casino. There were just few times in which I'll make some deposits from which aren't awarder from bitcointalk.
That is good, for sure you have regular work right? because if not and your only earning is that Signature payments yet you gambled it then you are literally addicted in such way.

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July 18, 2021, 11:19:05 AM
 #136

I kind o like feeling in control of my finances and that means controlling my spending and being very aware of what goes in and what goes out. I normally check my accounts every month and may make a few decisions on what to spend next month if things are not looking correct. One of the things I do is to set aside 10% of my income for things that I really do not need - expensive clothing, gadgets and electronics, books, games,... and part of that is gambling. For me, a reasonable gambling budget is 3 to 5% of my income, although I may allow more if I have some extraordinary income that month. How do you plan your gambling or fun budget?

If you do not want to lose a lot of money in gambling, then you should make a budget and keep it apart for gambling. This way you will only lose the amount you set aside from gambling. Many people don't do this and keep on spending more and more in gambling.

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July 18, 2021, 01:22:40 PM
 #137

Myself too does the same, but this went out of my control. As a result I've lost big depositing and gambling. This way I was in big debt and now I'm feeling bad for what I've done. I've shared my story on a separate post Be a Responsible Gambler. Even after this incident I keep on losing every week what I earn from campaign. Cry Cry

Oh, this is sad. I hope your losses are limited only to earnings from the signature campaign now. What game do you prefer to play? Maybe you should install a casino simulator and play for free, maybe this will help you quell your passion for gambling and you will start saving at least what you earn from a signature campaign?

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July 18, 2021, 01:38:01 PM
 #138

I kind o like feeling in control of my finances and that means controlling my spending and being very aware of what goes in and what goes out. I normally check my accounts every month and may make a few decisions on what to spend next month if things are not looking correct. One of the things I do is to set aside 10% of my income for things that I really do not need - expensive clothing, gadgets and electronics, books, games,... and part of that is gambling. For me, a reasonable gambling budget is 3 to 5% of my income, although I may allow more if I have some extraordinary income that month. How do you plan your gambling or fun budget?

I only play on two gambling sites and I'm only allocating $100 on a weekly basis I guess playing a small amount makes you play safe and my being safe in my games makes me win may times so over the week I ended up with the same amount, and sometimes, if you don't allocate amount for gambling you will end up losing money by adding more, just follow your plan, whatever it takes.

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July 18, 2021, 02:02:50 PM
 #139

I kind o like feeling in control of my finances and that means controlling my spending and being very aware of what goes in and what goes out. I normally check my accounts every month and may make a few decisions on what to spend next month if things are not looking correct. One of the things I do is to set aside 10% of my income for things that I really do not need - expensive clothing, gadgets and electronics, books, games,... and part of that is gambling. For me, a reasonable gambling budget is 3 to 5% of my income, although I may allow more if I have some extraordinary income that month. How do you plan your gambling or fun budget?

I only play on two gambling sites and I'm only allocating $100 on a weekly basis I guess playing a small amount makes you play safe and my being safe in my games makes me win may times so over the week I ended up with the same amount, and sometimes, if you don't allocate amount for gambling you will end up losing money by adding more, just follow your plan, whatever it takes.

Very true! just keep things according to your plan and never to exceed, stop thinking that after you lose there's 
a chance that you can recover once you deposit another amount to use for your bankroll.

Better to accept that you lose and you need to quit, it saves you a lot, not just for the money but also with the possibilities of getting addicted.

Keep your budget intact and accept whatever happened, if you win then enjoyed your weekends if you lose then keep the fun  Cool

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July 18, 2021, 03:15:20 PM
 #140

I kind o like feeling in control of my finances and that means controlling my spending and being very aware of what goes in and what goes out. I normally check my accounts every month and may make a few decisions on what to spend next month if things are not looking correct. One of the things I do is to set aside 10% of my income for things that I really do not need - expensive clothing, gadgets and electronics, books, games,... and part of that is gambling. For me, a reasonable gambling budget is 3 to 5% of my income, although I may allow more if I have some extraordinary income that month. How do you plan your gambling or fun budget?
I have set aside my gambling budget and I don't exceed that limit in any case as this is what I afford to lose without any financial burden.So this gambling budget varies depending on my expenditures for the month as miscellaneous expenses may rise sometimes and I cut my this budget to balance the equilibrium.Small gamblers can apply this strategy and always set their limits so as to avoid any further problems.

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