Your betting budget

[Rengga Jati]

Planning is just easy, doing it is another.

You are right. Although it will depend on each person who does that plan and also management, I also admit if sometimes there are difficulties and their own reasons why we can out of our plan. Especially if when we have begun to addicted gambling, we can really always out of plas in the reality if we can't control it. And maybe this will happen. So, start for ourselves in advance to be able to control and make good management of funds and our emotions.

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[blockman]

Planning is just easy, doing it is another. I tried to do it budgeting my income and divide to investment, savings, bills and gambling but I didn't managed to follow my budget in gambling. I'm not sure maybe I'm a little bit addictive to it now but I'm trying to control it but sometimes I didn't put on my savings it just go into my gambling budget, usually it's around 20-30% of my total income.

It is true, planning is just an idea that is made in our minds but applying it. That's when someone starts to have trouble and problems. But if you're very firm with planning, you will follow the budget that you set and you're going to be obedient with your plans because that's needed to be followed by you. Well, it's not you that have done that. Made a plan yet the plan wasn't followed for some reasons and the budget became more with gambling.

[BuNga_cute]

Planning is just easy, doing it is another.

You are right. Although it will depend on each person who does that plan and also management, I also admit if sometimes there are difficulties and their own reasons why we can out of our plan. Especially if when we have begun to addicted gambling, we can really always out of plas in the reality if we can't control it. And maybe this will happen. So, start for ourselves in advance to be able to control and make good management of funds and our emotions.

Indeed we do not always succeed in carrying out our plans well, sometimes there are reasons that make us get out of the plan we have set.
So it takes commitment and discipline to be able to follow the plan that we have made, indeed it is not easy and requires a process. But as long as
we have a strong intention within ourselves, we should be able to continue according to the plan we have made. Especially for those who are addicted
to gambling, I suggest they start to control themselves so they can be disciplined in carrying out the plans they have made.

[Vaskiy]

These days my campaign payments were my betting budget. It's been more than six consecutive weeks I haven't used my campaign payments for anything good or for my personal needs. I have some hope and go try for it. Finally ends up losing everything out of control. This should not happen with the gamblers. Apart from this I also wasted the monthly and weekly bonus.

[agustina2]

As a financial advisor I love seeing stuff like this. It is imperative that everyone sets up a spending budget. It’s a great way of making sure that you are spending money how you should be, making sure you aren’t spending too much etc.

It's good but can't actually follow in terms of gambling. As a financial advisor, you won't see anything related to gambling in terms of budget.

There's always an attempt after a budget has now been depleted. If they win, why should they stop, if they lose, they should cover it.

That's the reason why budgeting money in betting will not work in the long-run. The temptation is hard to resist.

[madnessteat]

^

The temptation will always be there, but the main task of the player and is not to go beyond the pre-planned budget. If a player observes this simple rule, he does not have any problems with gambling.

[harizen]

The temptation will always be there, but the main task of the player and is not to go beyond the pre-planned budget. If a player observes this simple rule, he does not have any problems with gambling.

It's easy to say but it's hard to do in reality.

I doubt that "main task" of not going beyond a pre-planned budget will always be applied properly by a gambler. Maybe it will work for a casual gambler or for those people who are not doing gambling that much.

But for a regular bettor, I will admit that any set budget for my particular session is not really working well. For example in my certain session, let's say I've already used all my funds, there's always a chance for me to exceed my budget bit by bit without realizing that I already spend lots. That's a reality for a regular bettor even how disciplined they are. Part of human nature in gambling.

[babo]

i want to add a consideratoin in this discussion

I have, as I said, a low budget (fun purpose)
this budget is fixed and I always lose money if I win, I simply postpone putting money

the budget helps not to overdo it
my two cents

[panjul07]

These days my campaign payments were my betting budget. It's been more than six consecutive weeks I haven't used my campaign payments for anything good or for my personal needs. I have some hope and go try for it. Finally ends up losing everything out of control. This should not happen with the gamblers. Apart from this I also wasted the monthly and weekly bonus.

Assuming that you have other steady income IRL and you use your campaign payment as your betting budget and you do it for fun, there is nothing wrong with it.
On the other side, if you lose what you earn from the campaign and it does affect your life economically then you do it really wrong.
In this case you should be able to divide what you earn from the campaign, lets say half for daily needs and the other half for gambling.

[Oshosondy]

The temptation will always be there, but the main task of the player and is not to go beyond the pre-planned budget. If a player observes this simple rule, he does not have any problems with gambling.

Yes, this is true, I agree. Many punters go beyond what they pre-planned already to bet with, this is not right, it is wrong, if a gambler has already lost the pre-planned budget, he should just leave gambling at that moment for wrong mind and emotion not to set, this is the weakest period for gamblers and can result to losses of most or all their money.

But we still need to consider and talk about the planned amount, it should not be too much which is what we are considering on this thread, some gamblers can have a pre-planned budget that can even result to depression if they lost the money to gambling or anything, this is also wrong, the budget should be little and gambling should be taken for fun and entertainment.

[Ucy]

Regularly spending 3-5% of your monthly income on betting games/competitions maybe consider gambling especially if it doesn't earn you consistent profits and if it's unsafe/bad games or competitions.
I would probably set aside less than that on games/competitions I depend on for luck to win or those I'm not skilled in until develop some strategies that earn me consistent profit.
I think a safe start maybe 0%—2% of your income and I will gradually adjust that depending on how well I do with my bets,.


I wouldn't advice anyone to take big risk or gamble with their funds or life.
Practice Safe Bets all the time
*it's equally a gamble to spend hugh amount of money on things you don't need or even spending on things that can cause you problems. Your intentions for betting should be good if you want to be lucky.

Bet but don't gamble.

[traderethereum]

As a financial advisor I love seeing stuff like this. It is imperative that everyone sets up a spending budget. It’s a great way of making sure that you are spending money how you should be, making sure you aren’t spending too much etc.

It's good but can't actually follow in terms of gambling. As a financial advisor, you won't see anything related to gambling in terms of budget.

There's always an attempt after a budget has now been depleted. If they win, why should they stop, if they lose, they should cover it.

That's the reason why budgeting money in betting will not work in the long-run. The temptation is hard to resist.

Budgeting money will need the discipline to work for a long time.
If they can not manage their budget and do not have discipline, they do not have to try playing gambling and never try to visit only to watch the games.
If they insist on seeing how gambling works, they will attempt to try playing gambling and for some time, they will see that it is easy for them to gamble.
But in the long term, he will get deeper into gambling games without realizes and can not leave gambling easy.

[babo]

yes i agree with you

Budgeting money will need the discipline to work for a long time.
If they can not manage their budget and do not have discipline, they do not have to try playing gambling and never try to visit only to watch the games.
If they insist on seeing how gambling works, they will attempt to try playing gambling and for some time, they will see that it is easy for them to gamble.
But in the long term, he will get deeper into gambling games without realizes and can not leave gambling easy.

but this is valid always and for whatever you do
to have a business such as a shop
to work as a freelancer

you need to have a budget and be disciplined

is better for ALL kind of activities with money

[macson]

As a financial advisor I love seeing stuff like this. It is imperative that everyone sets up a spending budget. It’s a great way of making sure that you are spending money how you should be, making sure you aren’t spending too much etc. I don’t personally set aside a percentage of my income for gambling, but I do know how much I can spend each month based off my budget: Well done!

nice words, i did this too....i never limit how much money i spend on gambling, i'm just worried that i can't control myself.  i'm also not a heavy gambler, i only play when i'm in the mood, so i can control how much i spend every month.

[Alisha-k]

Since you set aside a budget for your betting, it only means you really plan things, and it would appear like you organized all that you want to do.  Most of the gamblers I met don't do that. Often times they tell me it's just their extra money that they are spending.

I don't plan to gamble, I just do it whenever I feel like but it rarely happens because I only bet nowadays to boxing and MMA.

I strongly believe planning helps manage funds. Spending at random amount might make you surpass your income or spend more on gambling and what if you weren't bluvky although that period it might end in excessive losses putting you in debt in most cases. For me I plan my gambling and have a specific budget for it every week

[KTChampions]

Assuming that you have other steady income IRL and you use your campaign payment as your betting budget and you do it for fun, there is nothing wrong with it.
On the other side, if you lose what you earn from the campaign and it does affect your life economically then you do it really wrong.
In this case you should be able to divide what you earn from the campaign, lets say half for daily needs and the other half for gambling.

I think that the earnings from the signature campaign are intended for this - to be easily spent. This is just a nice bonus for chatting on the forum, but not work. Even living in a backward country with low salaries, I believe that if someone considers payments from a signature campaign as earnings, this is a serious problem. We all need more serious income.

[pawanjain]

Planning is just easy, doing it is another. I tried to do it budgeting my income and divide to investment, savings, bills and gambling but I didn't managed to follow my budget in gambling. I'm not sure maybe I'm a little bit addictive to it now but I'm trying to control it but sometimes I didn't put on my savings it just go into my gambling budget, usually it's around 20-30% of my total income.

Damn, 20% - 30% of total income into gambling is so huge. The experts say to at least invest 20% of total income to investments to secure your future.
I think you should decrease your gambling amount from 30% to 10% and then invest the rest 20% into investments which can yield good returns.
This way you will still be gambling while investing and having a better future.

[KTChampions]

Planning is just easy, doing it is another. I tried to do it budgeting my income and divide to investment, savings, bills and gambling but I didn't managed to follow my budget in gambling. I'm not sure maybe I'm a little bit addictive to it now but I'm trying to control it but sometimes I didn't put on my savings it just go into my gambling budget, usually it's around 20-30% of my total income.

Damn, 20% - 30% of total income into gambling is so huge. The experts say to at least invest 20% of total income to investments to secure your future.
I think you should decrease your gambling amount from 30% to 10% and then invest the rest 20% into investments which can yield good returns.
This way you will still be gambling while investing and having a better future.

Sure! I think the game process brings the same pleasure when used in the game and 30 percent of income and 5. This means that changing the spending on gambling and starting to save will not change anything else in the gameplay, but after a few years you can feel a pleasant accumulated large amount that itself begins to generate income.

[Kelvinid]

Planning is just easy, doing it is another. I tried to do it budgeting my income and divide to investment, savings, bills and gambling but I didn't managed to follow my budget in gambling. I'm not sure maybe I'm a little bit addictive to it now but I'm trying to control it but sometimes I didn't put on my savings it just go into my gambling budget, usually it's around 20-30% of my total income.

Damn, 20% - 30% of total income into gambling is so huge. The experts say to at least invest 20% of total income to investments to secure your future.
I think you should decrease your gambling amount from 30% to 10% and then invest the rest 20% into investments which can yield good returns.
This way you will still be gambling while investing and having a better future.

Sure! I think the game process brings the same pleasure when used in the game and 30 percent of income and 5. This means that changing the spending on gambling and starting to save will not change anything else in the gameplay, but after a few years you can feel a pleasant accumulated large amount that itself begins to generate income.

For me, it's not big if you are really winning in gambling, but if you are just losing in gambling, then better drop that percentage so you will not feel the pain of losing. We gamblers have the same purpose but we don't have the same experience as some just really losing money while some are making money.

[pawanjain]

Planning is just easy, doing it is another. I tried to do it budgeting my income and divide to investment, savings, bills and gambling but I didn't managed to follow my budget in gambling. I'm not sure maybe I'm a little bit addictive to it now but I'm trying to control it but sometimes I didn't put on my savings it just go into my gambling budget, usually it's around 20-30% of my total income.

Damn, 20% - 30% of total income into gambling is so huge. The experts say to at least invest 20% of total income to investments to secure your future.
I think you should decrease your gambling amount from 30% to 10% and then invest the rest 20% into investments which can yield good returns.
This way you will still be gambling while investing and having a better future.

Sure! I think the game process brings the same pleasure when used in the game and 30 percent of income and 5. This means that changing the spending on gambling and starting to save will not change anything else in the gameplay, but after a few years you can feel a pleasant accumulated large amount that itself begins to generate income.

For me, it's not big if you are really winning in gambling, but if you are just losing in gambling, then better drop that percentage so you will not feel the pain of losing. We gamblers have the same purpose but we don't have the same experience as some just really losing money while some are making money.

The number of people making money in gambling is way too less than the ones losing money.
Happy for you that you are making money in gambling. Mind sharing your strategies 
It's hard to stay in profits in gambling as it requires strong will power and control on yourself.
Decreasing the amount is the best bet when it comes to continuously losing in gambling.