Your betting budget

[Questat]

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.

Obviously, otherwise, casinos and other gambling platforms would not survive, the fact that the gambling industry is a booming industry, only tells us that they are making money consistently while majority of the gamblers are experiencing the opposite thing.

[1714583011]

1714583011

[1714583011]

1714583011

[1714583011]

1714583011

[RealMalatesta]

If it's not a secret, how long is this agreement valid and what are your gambling statistics? Does it happen that in some month you find yourself in the black and instead of spending money you get it? And accordingly, if this happens, how do you dispose of these unexpected winnings?

Haha, I'll wait for him to answer but I guess the agreement is valid and peaceful as long as he is earning good and the expenses are well under control. Once the monthly expenses are higher but unfortunately the wages are not sufficient for management, the agreement will come to a halt .

In the past, when I was much more into gambling on sports, I used to play with a bank of €1.000-€2.000. I looked for value bets and played only single events wagering €80 to €100 per selection. At the end of the month, I would calculate my profit and I found that to be working quite OK for a few months. Since I don't have the time to go that deep into match analysis as I did when I was younger, I had to give this up. I am now an occasional player. 

You must be a great sports bettor then because when I am betting on sports, I am just losing my wallet quickly. I guess since you don't have that much time, it might not be a bad idea to become a tipster because we have very few legit tipsters in the bitcoin gambling industry and there's always need for more good ones. And in case you don't know, people earn really good being a tipster.

[Fredomago]

The number of people making money in gambling is way too less than the ones losing money.

No question about that! There are few who manage to win against the house compared with those who losses a lot.

Happy for you that you are making money in gambling. Mind sharing your strategies 

If possible, I also wanted to learn from you 

It's hard to stay in profits in gambling as it requires strong will power and control on yourself.

Determination and how keen you are to find the right system to increase the chance of winning.

Decreasing the amount is the best bet when it comes to continuously losing in gambling.

Taking some time to stay away is also a good strategy to lessen those huge losses when the outcome is mostly not favoring you.

[FatFork]

The number of people making money in gambling is way too less than the ones losing money.

Or to paraphrase a famous movie quote:
"Logic clearly dictates that the losses of the many outweigh the winnings of the few." 

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.

Yeah. There are times when the losing streak persists, so the best thing to do is just quit and try again the next day.

[KTChampions]

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.

I knew several gamblers who made money on gambling, but this was earnings ON gambling and not IN gambling. I hope the language barrier didn't stop me from showing the difference. Almost all players on the distance (which means all regular players) are in the red, so I see no reason to talk about the difference that could be if a person suddenly plays profitably.

If it's not a secret, how long is this agreement valid and what are your gambling statistics? Does it happen that in some month you find yourself in the black and instead of spending money you get it? And accordingly, if this happens, how do you dispose of these unexpected winnings?

Haha, I'll wait for him to answer but I guess the agreement is valid and peaceful as long as he is earning good and the expenses are well under control. Once the monthly expenses are higher but unfortunately the wages are not sufficient for management, the agreement will come to a halt .

In fact, 5% is not a critical level if everything is in order with income, but it is clear that if a family begins to experience financial difficulties, then it is necessary to reduce all unnecessary expenses, which gambling is.

[johhnyUA]

you need to have a budget and be disciplined

is better for ALL kind of activities with money

Yep, as it said: "Millionaire is the person that count even coins"
And adding from myself: "And the one who in store with his own shopping bag"  

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 he is wrong with counting. Or he is highly gambling addicted person who needs medical help. No one in his right mind will not spend such amounts into gambling (except cases described above)

[Fatunad]

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.

Obviously, otherwise, casinos and other gambling platforms would not survive, the fact that the gambling industry is a booming industry, only tells us that they are making money consistently while majority of the gamblers are experiencing the opposite thing.

We wont see a booming industry if  people arent doing the opposite thing.This do implies that there are lots who had been spending more money in gambling which did really make out big revenue
into these  businesses which is quite obvious or evident.When it comes to budget then its a personal choice  because we do have different situations in  terms of spending or expenses or simply
on how we do live our life which simply differs with the capacity we do have on various things this is why its really hard to tell about average bets or something like that
because decision making  will really be different.

[Pmalek]

You must be a great sports bettor then because when I am betting on sports, I am just losing my wallet quickly. I guess since you don't have that much time, it might not be a bad idea to become a tipster because we have very few legit tipsters in the bitcoin gambling industry and there's always need for more good ones.

I have never really considered doing that. I know some people who tried being tipsters and it's all milk and honey when your tips are winning, but as soon as you start losing or end up in a negative streak, your customers start blaming you. Some guys have received threats as well.

When I said I don't have that much time, I also meant I don't follow sports as closely as I did in the past and have less interest in analyzing teams and their performances to have the data to be a profitable tipster. 

[traderethereum]

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

Yes, all activities need to have a budget and be disciplined, which could be the key to achieving what we want.
But in the gambling business, if you are a gambler, you need two things to control you from losing the money.
When you can control your money in any activities, you will see that you still have the money that you can use for other things or maybe you can save the money for your future.
Budgeting will help us know which thing we need to reduce or calculate to not over budget.

[peter0425]

There is "liferoll" and "gambling bankroll".

Never take money for gambling from liferoll.

Maximum I bet on a single bet is  3% of my bankroll. That is very conservative way and I'm satisfied with it.

Life roll means outside funds? the money in which not intended for gambling that sometime addicted gamblers uses also to risk ?

Never use the Money that dedicated in other obligation and only use the Money you can afford to lose and gamble.
Actually in Us crypto investors? we had already Knew that because we have a golden rules that "Invest only the funds we can afford to lose".

[Sanitough]

There is "liferoll" and "gambling bankroll".

Never take money for gambling from liferoll.

Maximum I bet on a single bet is  3% of my bankroll. That is very conservative way and I'm satisfied with it.

Life roll means outside funds? the money in which not intended for gambling that sometime addicted gamblers uses also to risk ?

Never use the Money that dedicated in other obligation and only use the Money you can afford to lose and gamble.
Actually in Us crypto investors? we had already Knew that because we have a golden rules that "Invest only the funds we can afford to lose".

That has to be followed all the time, if you break that rules, then you are at big risk of losing your money, worst is you can ruin your life. Regardless of our financial status, we still have to stick with that golden rules as the poor could get poorer while the rich could end up homeless if we are not responsible.

[pawanjain]

I think he is wrong with counting. Or he is highly gambling addicted person who needs medical help. No one in his right mind will not spend such amounts into gambling (except cases described above)

Exactly! I personally think even 10% is a big amount because at the end we tend to lose most of the times.
Whenever I gamble I assume that the amount I am depositing to gamble is lost since no matter how hard I try at the end I lose all of it.
So why not decrease the amount and lose a comparatively smaller amount since it doesn't change the gameplay in any way.

Speaking of the same how much % of your total income do you put into gambling ?

[Oasisman]

I think he is wrong with counting. Or he is highly gambling addicted person who needs medical help. No one in his right mind will not spend such amounts into gambling (except cases described above)

Speaking of the same how much % of your total income do you put into gambling ?

It should have no specific amount, instead you only put money on gambling when you have spare money after you paid all your bills, necessities, and mortgage.
There should always be no budget for gambling purposes. It would always come randomly when you have extra money to spend on unnecessary things.
If you say you're saving even 1% of your income intended for gambling, then I can say you're slowly drowning into addiction.

We all have different perspective and income range anyway, but gambling with huge amount has never been a good idea no matter how rich you are.

[$crypto$]

I think he is wrong with counting. Or he is highly gambling addicted person who needs medical help. No one in his right mind will not spend such amounts into gambling (except cases described above)

Exactly! I personally think even 10% is a big amount because at the end we tend to lose most of the times.
Whenever I gamble I assume that the amount I am depositing to gamble is lost since no matter how hard I try at the end I lose all of it.
So why not decrease the amount and lose a comparatively smaller amount since it doesn't change the gameplay in any way.

That's right, if you expect more then it's impossible, you will definitely lose in the end, so with the total allocated to gambling as much as possible, it means not charging other savings just because you bet big because it will disappear after you are no longer lucky.
I also assume same that what is deposited on average does not reverse the recovery, only the loss that occurs but as this goes without a burden so regret is no longer in my heart.
Gambling is instead placing your luck in a casino game.

[South Park]

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

Having a budget is important after all it is very difficult to save money when you are not tracing where your money is going, and once you do you will be surprised to see where it is going, and the same applies to gambling, I really believe that many people do not want to do this exercise because they are afraid they are going to find out they are spending too much money in their gambling hobby if they do so, but the longer you delay making a budget the worse that number will become.

[AverageGlabella]

If you say you're saving even 1% of your income intended for gambling, then I can say you're slowly drowning into addiction.

Not true. Not everyone is addicted because they use it as recreational that it like saying if you save some of your money for alcohol or games on the weekend that is addiction when its not. Addiction is a medical condition when it starts to effect your body or health which is not the case if you are saving only a fraction of what you earn. 

[AverageGlabella]

However, there’s no sense in setting a gambling budget if you’re going to break your own rules when you play through the money you’ve set aside for gambling.

If you want to make gambling a long-term hobby, make sure you never gamble with more money than you’re willing to part from.

For online gambling you can set your own budgets on most good websites and you will not be able to break it because if you want to remove it because you feel the urge to make another bet you have to do it 24 hours before which helps take you out of that betting fever.

[Desmong]

If you say you're saving even 1% of your income intended for gambling, then I can say you're slowly drowning into addiction.

Not true. Not everyone is addicted because they use it as recreational that it like saying if you save some of your money for alcohol or games on the weekend that is addiction when its not. Addiction is a medical condition when it starts to effect your body or health which is not the case if you are saving only a fraction of what you earn. 

Addiction entails the continuity in doing something or exhibit a kind of behavior. It is continuous and very hard to stop especially if it is a bad habit. Gambling addiction is very sophisticated and uneasy to stop if the feelings of greed or money altitude still encompasses one faculty. This is why budge is very important in gambling to avoid using excess money to gamble without being alerted because of how it can be intoxicating.

[KTChampions]

Managing your money at a casino requires self-control. Nice to see that you have full control over your money reserved for gambling purpose. Successful casino gamblers understand the math and odds behind the games, but discipline with money is also critical.

However, there’s no sense in setting a gambling budget if you’re going to break your own rules when you play through the money you’ve set aside for gambling.

If you want to make gambling a long-term hobby, make sure you never gamble with more money than you’re willing to part from.

I can assume that a gambler who regularly violates his budget allocated for the game will not be able to enjoy this hobby for a long time, since he will very quickly lose all the money  And after that, he will have other problems - to get rid of gambling addiction and engage in earning money to improve his financial situation.

[ReiMomo]

Managing your money at a casino requires self-control. Nice to see that you have full control over your money reserved for gambling purpose. Successful casino gamblers understand the math and odds behind the games, but discipline with money is also critical.

However, there’s no sense in setting a gambling budget if you’re going to break your own rules when you play through the money you’ve set aside for gambling.

If you want to make gambling a long-term hobby, make sure you never gamble with more money than you’re willing to part from.

I can assume that a gambler who regularly violates his budget allocated for the game will not be able to enjoy this hobby for a long time, since he will very quickly lose all the money   And after that, he will have other problems - to get rid of gambling addiction and engage in earning money to improve his financial situation.

How many gambler try to stick with their regular budget on gambling even if they see others earn more from investing more than their regular budget. Here where they fall in to invest more than what they regular do. This becomes an addiction when they see a profit few times from the extra investment. Self control can only cure oneself from addiction.