Your betting budget

[RealMalatesta]

Those gamblers can aim for profit, but they need to realize the other thing, such as luck, because no matter what, we need the luck to profit from gambling games. And with discipline and self-control, that will make us know when to stop playing and do not spend more money because that will add more risk. Playing gambling with a small budget is okay as we are afraid to lose much money, which the gambler should do. As long as we can manage the money for playing gambling, that will not be a problem.

This is basically just the extra part of the world of gambling instead of the usual known things. Sure luck plays a part for everyone but there is no need to say that if it works for everyone, we need to focus on the fact that experience and talent plays a big role because that is not at everyone, it is only applied to certain people.

These are not really very important things in life that you should be focusing on of course, it is gambling and you should only leave a small amount of time to gambling, if you make it a big deal for you then you are not going to be happy with the result neither, it is going to bog you down and it will make you miserable. Any veteran would know that if you are gambling more frequently than 2 days a week then you are making gambling a life style and that is going to hurt you in the long run, nobody would want that to happen.

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[Yamifoud]

Consider that its often best not to spend it all at once.  Budgetting actually increases chances of success I think as it gives more then one attempt for the same amount spent, where as no budget can lead to just a dead end of having no money left rather choosing not to spend more that day.   The only real way to beat the game or increase luck seen is via a plan and a budget is part of that.

Budgeting is necessary because you cannot follow the rules which is to gamble what you can afford, when you say "you can afford" that means there's a figure that you  should know and you should not spend or risk money beyond that amount.

[peter0425]

Just a general question regarding the betting budget. How much budget do you allocate or afford to risk in betting ?  100$, 500$, 1000$ or maybe even more ?  Also if you are rich you can afford to play with more money as compare to the person who is living hand to mouth.

I'm not a rich man, but I'm not poor without money either... Sometimes my budget is $200-300, but sometimes I also make a bet the size of my budget... For me betting is more fun than a way of making money... I think the budget is controlled by professional gamblers and not amateurs like me...

Controlling means we  are funding according to how much we can afford to spend and since you have yours then you are not different from those who has controls in their gambling budgets.

[stadus]

Just a general question regarding the betting budget. How much budget do you allocate or afford to risk in betting ?  100$, 500$, 1000$ or maybe even more ?  Also if you are rich you can afford to play with more money as compare to the person who is living hand to mouth.

I'm not a rich man, but I'm not poor without money either... Sometimes my budget is $200-300, but sometimes I also make a bet the size of my budget... For me betting is more fun than a way of making money... I think the budget is controlled by professional gamblers and not amateurs like me...

Controlling means we  are funding according to how much we can afford to spend and since you have yours then you are not different from those who has controls in their gambling budgets.

Your budget depends on your income, if you are a billionaire, you can afford to gamble millions or hundreds of thousands of dollars, but for other people, this is already a huge amount of moment that could change their lives. We don't have different financial status in life, but our bet should not be big in order to enjoy gambling, we just have to gamble based on our range.

[ReiMomo]

I think in addition to limiting the budget for games there is another good way to minimize the emergence of gambling addiction. It is about abstaining from any gambling for a certain period (everyone defines this period independently).

For example, if you usually play once a week on Sundays then try to abstain from playing on the next Sunday and devote this time to family friends or other favorite things.

A good suggestion to even get out of addiction. If one is able to successfully follow what you said, then slowly he can try to avoid multiple attempts. Its not going to happen over night , but yes it would be easier when its practiced constantly. Instead of separating a percentage of income for gambling, its well appreciated that this percentage is spent for other good things which would really satisfy the family. Slowly the percentage amount taken for gambling can be reduced and diverted into some other priority stuffs.  

[finaleshot2016]

I think in addition to limiting the budget for games there is another good way to minimize the emergence of gambling addiction. It is about abstaining from any gambling for a certain period (everyone defines this period independently).

For example, if you usually play once a week on Sundays then try to abstain from playing on the next Sunday and devote this time to family friends or other favorite things.

A good suggestion to even get out of addiction. If one is able to successfully follow what you said, then slowly he can try to avoid multiple attempts. Its not going to happen over night , but yes it would be easier when its practiced constantly. Instead of separating a percentage of income for gambling, its well appreciated that this percentage is spent for other good things which would really satisfy the family. Slowly the percentage amount taken for gambling can be reduced and diverted into some other priority stuffs.  

Yes, it is preferable to practice and keep self-discipline so that you can concentrate on other things except gambling. It is extremely difficult to recover from addiction, but if you put forth the effort and time to help others, you will be successful. There are several ways to spend your money, as well as numerous forms of amusement that will improve your mental health. Gambling should be entertaining for you, not a way to get rich or make money by chasing the win because, in that way, it'll trigger your addiction to gambling.

[goinmerry]

Budgeting is necessary because you cannot follow the rules which is to gamble what you can afford, when you say "you can afford" that means there's a figure that you  should know and you should not spend or risk money beyond that amount.

You can still follow the path of affording to lose the amount you used on gambling without making a budget dedicated for betting.

Sometimes, the more you dedicate a budget for it, the less chance you follow it since while doing gambling, you are happy especially when winning so you want just to play and once you are on a losing streak, there's a thing in your mind that we need to gamble more so that we can cover the losses.

Just be to yourself. Chillax and relax no matter how hard it is when losing. In that way, even we don't set a budget, we can minimize the amount we probably have to lose if we continue.

[South Park]

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. 

If you carefully read my statement I said "you're slowly drowning yourself into addiction." that doesn't mean you'll get addicted right away. The length of time may differ, and the chances of you not getting addicted is still there.
What I'm trying to say is that, If you make a budget specifically intended for gambling, It could lead you to addiction, that's the same reason why I said, there should be no specific amount you save intended for gambling.
Nevertheless, you're right addiction is a mental condition that a person is somehow unaware of that he's already been addicted.

I do not know, to me it makes more sense to have a budget precisely to avoid losing control of your gambling, after all if you take care of all your needs and responsibilities and you assign a small portion of your disposable income towards gambling and you never go above it and you always respect it then the chances that you will develop any kind of psychological need to gamble will not be there as by limiting the money you spend when you gamble you are also limiting the time you are exposing yourself playing the games.

[Fredomago]

Consider that its often best not to spend it all at once.  Budgetting actually increases chances of success I think as it gives more then one attempt for the same amount spent, where as no budget can lead to just a dead end of having no money left rather choosing not to spend more that day.   The only real way to beat the game or increase luck seen is via a plan and a budget is part of that.

Budgeting is necessary because you cannot follow the rules which is to gamble what you can afford, when you say "you can afford" that means there's a figure that you  should know and you should not spend or risk money beyond that amount.

Important piece of enjoying while you are into this entertainment, budgetting will give you more time as you don't

need to spent everything at once, you can limit yourself to use portions of your bankroll and after that you need to stop.

If you managed to control this and you are good working with the system, it will increase your chance to win if each time you are done,
you learn something and use it in your next game.

[blockman]

Budgeting is necessary because you cannot follow the rules which is to gamble what you can afford, when you say "you can afford" that means there's a figure that you  should know and you should not spend or risk money beyond that amount.

Yes, when you say about that famous line that we usually say to the other gamblers and the newbies, there's a figure and amount involved in it and that's why budgeting for your bets is very needed. You only spend according to the budget that you have made and there's no overtaking on it and when you run out of funds or budget, that's the time an indicator that you need to take a rest. No more next rounds for that day unless you have another additional budget within the next days or for that particular day but that would be crazy if that's for within the day too.

[Mahanton]

Just a general question regarding the betting budget. How much budget do you allocate or afford to risk in betting ?  100$, 500$, 1000$ or maybe even more ?  Also if you are rich you can afford to play with more money as compare to the person who is living hand to mouth.

I'm not a rich man, but I'm not poor without money either... Sometimes my budget is $200-300, but sometimes I also make a bet the size of my budget... For me betting is more fun than a way of making money... I think the budget is controlled by professional gamblers and not amateurs like me...

Doesnt really need to be an amateur or professional because we do have our own will when it comes to self control.If you do not intent on spending that much then thats already signifies that you are in good control of your finances which is mostly where people do really fail to do so.Betting budget would really be depending on someones financial capacity or income that they do have.Some do tend to gamble just to earn more or simply
making it as an another source of income which is really a very wrong mindset to have because it isnt really just possible for it to be a source of income but rather its just created for entertainment.
You would really be just wrecking up yourself if you do have this kind of mindset.

[Rigon]

Betting budgets depends on how would one spending time on betting and gambling. I frequently passing time with my gambling platform but not full time. So my gambling budgets obviously not enough .

[Slow death]

I did the following at first:

I took $50 and set it as my bankroll value, and I put $5 to bet on each game, if I realized that of the several games of the weekend I had a chance to hit 3 of them then I would bet on 3 games, if I realized I had a chance of hitting 6 games so I bet on 4 games and every time I won I increased the money in my bankroll, but when I managed to make more than 100$ I took my $50 from the deposit, so I made sure that I don't leave with losses if I have several losses to the point of emptying my bankroll

Betting budgets depends on how would one spending time on betting and gambling. I frequently passing time with my gambling platform but not full time. So my gambling budgets obviously not enough .

this means that you are having a lot of losses

[babo]

I did the following at first:

I took $50 and set it as my bankroll value, and I put $5 to bet on each game, if I realized that of the several games of the weekend I had a chance to hit 3 of them then I would bet on 3 games, if I realized I had a chance of hitting 6 games so I bet on 4 games and every time I won I increased the money in my bankroll, but when I managed to make more than 100$ I took my $50 from the deposit, so I made sure that I don't leave with losses if I have several losses to the point of emptying my bankroll
~~~

yours is a good strategy
that is to bet a fixed and to withdraw the winnings by re-betting a fixed
so you keep betting expenses under control

re-betting everything puts you at great risk of losing your total money

I also bet a fixed regardless (but they are very few euros, I bet for fun)

[hahay]

Betting budgets depends on how would one spending time on betting and gambling. I frequently passing time with my gambling platform but not full time. So my gambling budgets obviously not enough .

I don't understand, how do you gamble by continuing to spend your budget every time you bet. Because for me, a small budget in gambling is enough if you are good at making wins in the bets you make. Make the budget like borrowed money, because then you will immediately target the main profit to return the budget money back to your wallet, if the winnings continue then you can continue to bet with the money generated from the winnings in your own bet. Gambling is not to spend the budget every time, but as much as possible to make new money so that your budget will be fine there.

[tabas]

Betting budgets depends on how would one spending time on betting and gambling. I frequently passing time with my gambling platform but not full time. So my gambling budgets obviously not enough .

As long as it's enough for you to call it a day that's already good enough for you even if your budget isn't that much. That's better to have insufficient budget and having a tight pocket so that you won't spend that much.
It's the problem of others that they're addressing and having hard time to limit themselves in budgeting themselves through gambling.

[KTChampions]

yours is a good strategy
that is to bet a fixed and to withdraw the winnings by re-betting a fixed
so you keep betting expenses under control

re-betting everything puts you at great risk of losing your total money

I also bet a fixed regardless (but they are very few euros, I bet for fun)

I use a similar strategy and almost never risk my entire deposit. But I must note that rebetting the entire amount of the winnings, although cosmically increases the risk, but it makes it possible to get huge winnings (they are unlikely, but still possible). Rebetting actually turns the game into one big multi-bet where the odds for winning huge amount of money get bigger and bigger with each stage.

[tyz]

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?

Congrats, you made the first step towards money and balance management which is actually one of the most important parts in order to be successful in gambling.

I really can recommend this (old) book from John Patrick which explain the importance very well, for all who show more interest in the topic. Of course, there are also a lot of free sources available on the web covering this topic.

[michellee]

Betting budgets depends on how would one spending time on betting and gambling. I frequently passing time with my gambling platform but not full time. So my gambling budgets obviously not enough .

As long as it's enough for you to call it a day that's already good enough for you even if your budget isn't that much. That's better to have insufficient budget and having a tight pocket so that you won't spend that much.
It's the problem of others that they're addressing and having hard time to limit themselves in budgeting themselves through gambling.

A gambler should know about enough and never break that because that will impact our funds. When he frequently passes the time in gambling games without setting the limit of funds, I am afraid that he can add more money to his account to continue playing gambling. If that happens many times, that will attract him to become addicted because he will feel hunger for playing gambling. But gambling will always seduce us to add more and more money without realizing it so it needs control.

[tabas]

Betting budgets depends on how would one spending time on betting and gambling. I frequently passing time with my gambling platform but not full time. So my gambling budgets obviously not enough .

As long as it's enough for you to call it a day that's already good enough for you even if your budget isn't that much. That's better to have insufficient budget and having a tight pocket so that you won't spend that much.
It's the problem of others that they're addressing and having hard time to limit themselves in budgeting themselves through gambling.

A gambler should know about enough and never break that because that will impact our funds. When he frequently passes the time in gambling games without setting the limit of funds, I am afraid that he can add more money to his account to continue playing gambling. If that happens many times, that will attract him to become addicted because he will feel hunger for playing gambling. But gambling will always seduce us to add more and more money without realizing it so it needs control.

A person who gambles without a proper budget management, he's going to be a broke gambler afterwards. It is why you have to gamble with a certain budget.
Even if you lose and you can attain to gamble with additional funds, that will still be depending how you're handling the decision and you're only going to do that if it's needed and you think that you're still in control.