Your betting budget

[Cling18]

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 believe that proper budgeting is a form of self-discipline for us to know how to spend our finances appropriately. I usually allocate 5% of my salary for my salary for gambling and I try my best not to exceed. Self-control is really important when it comes to spending money on gambling because being unable to control yourself would only lead to gambling addiction. So far, 5% is already enough and that became my routine.

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[Fesatmas]

Not much different from what you budget for gambling, I also have some fairly regular arrangements that set aside almost 10% of my monthly income. and it will be routine when I have a satisfactory income at the end of the month. however as we all know, recent earnings, are not very erratic and it has also
changed the budget system for gambling for me personally. where I have to reduce the original 10% per month, now it's only around 3-6% and that's something I have to prioritize. because after all the needs out there are often urgent for us to take.

this depends on the conditions of adequate needs and a relative income level of at least 80% per month.

[LUCKMCFLY]

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?

The way he handles finances are spectacular, when a salary is paid, it is always good to plan when living in a country with a really stable economy, in my case the administration changes a bit for the economic system to be unstable with great rampant inflation, I think that in my case for the game I would allocate only 1% maximum 1.5%, it is really the most important thing to try to allocate something for fun, for many the fun does not see it as something that is needed, but really so much for health mental and physical is needed.

[$crypto$]

I always set aside my opinion to gamble but no more than 5% and after payment from my signature I always set aside 15% meaning that in my money allocation this is not too big and 20% of the total for me is enough to bet on games that I like that usually there is no swelling if it is controlled and I can do whatever I like for shopping and other purposes.

Sometimes the swelling is always there but I can no longer do the things that are needed and usually this will be a bet for the next month to be reduced so every month I always check the overall bookkeeping in this gambling history.

[imstillthebest]

why allocate money for the things that you dont need? why not buy inexpensive things but books are important because you can gain knowledge from it .
you should not budget your self for that and gambling can be essential too in life because we can feel relax and enjoy when we play gambling.  3 to 5 % percent per month in gambling is small but you can try increasing that.

[batako]

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 do gambling only when I have spare money and it wont exceed $100. Fortunately, I can control myself not to gamble when I'm in a tight financial situation. I wouldn't force myself to gamble during tough times because that can make it more complicated.

[ShowOff]

Although so far I can control the use of money on gambling less than before but I still quite often spend 10% or more of my monthly income. Actually it really depend on the desire and the amount of free time throughout the weekend which I usually fill with relaxing a bit. I never specifically check how much I spend each month, but an average of 5-10% seem to be the amount I still spend most month gambling and having fun with friends and family.

By the way, I gamble more at night than during the day. I feel more relaxed at night and I still do it almost every weekend. Do you guys have the same habit?

[milewilda]

It's hard to allocate a monthly budget on my part, I may end up losing everything before my monthly allocation so I prefer allocating my gambling budget on a weekly basis and actively playing before the weekend if I get lucky and win I will add my winnings for the next week allocation, I never add more on my gambling allocation, because if I do it will lead to cheating myself and I will likely get hook on gambling.

You can still lose that monthly earnings if you do still spent on weekly basis so it doesnt matter as long you do have money to spent then everything would really be at risk on losing it all.

Betting budget is something to be random because we can play everytime if we want to and if we do have money to spend then we would definitely be tending to gamble next.

Budget or money allocation is depending on you and on my part i cant risk more than $100 on my monthly budget.

[abel1337]

Honestly, when I was a gambling addict before, The budget doesn't matter and I will always gamble if there is available money to play. Yeah, it's very hard that time and I know that my action is wrong but today I removed my gambling addiction but still play gambling. I always allocate a certain amount in a single gambling session that is occurring 1-2 times a week depending on the mood I have. I don't go past my limits or break my rules. If I lose my allocated capital for that day, I will stop and not look back for my losses. Also, my gambling budget is quite small, Most of the time I am allocating myself $15 for each gambling session I do.

[ralle14]

I have no specific budget but on a monthly basis I spend around $100-$200 sometimes more if there's a good promotion where I could get more profit just by increasing my bet size. Back then I used to have a smaller budget when most casinos had lower minimums due to the bitcoin price.

By the way, I gamble more at night than during the day. I feel more relaxed at night and I still do it almost every weekend. Do you guys have the same habit?

I gamble during the night as well but it's only because most of the sports I bet on is scheduled to kickoff during the night.

[just_Alice]

That's what I call financial awareness, very nice. I have a similar system, I always track my income and expenditures. I don't have the exact column for "gambling", and I don't calculate the exact % of the income I will spend on it, but I always have some residual money, which I spend on "fun". On average, I think that's also about 10% of my income. Sometimes it can be gambling, sometimes traveling, or hanging out with friends, but I never spend on gambling with resulting lack of money.

[alegotardo]

I spend about 20% of what I earn on my gambling subscription campaigns.

If I'm lucky (or able) to win well in one month, I usually bet less in the following weeks or months, becaus I use the value of my achievements to bet again.
I never had the intention of making money with gambling, and I also only bet on what I like (usually football games), so I always reverse what I earn in new bets to reduce my spending on games and save more bitcoins from campaigns of subscriptions.

[mu_enrico]

For gamblers, it would be best if you have two accounts: a primary account for daily needs and a secondary account for entertainment. You can control the secondary wallet, but someone you trust, e.g., your wife, should control the primary wallet. You can allocate like 10%-20% from your monthly income into your entertainment wallet. Sometimes, you can build your wallet balance from winnings so you can have more money in the next playing session. Sometimes my deposit can worth 100% of my income, but it doesn't mean all of my paycheck for that month went to the casino. You don't have to worry about becoming homeless if you use this method, and you won't have the hassle of keeping records.

[MAAManda]

I don't have a percentage that I spend on gambling, for me gambling is fun, and when I want to have fun I always gamble.

But unlike most people I see, I always make a fairly small but regular deposit (when I want to have fun).

Btw, lately I like to play on Rollbit in Their X-Roulette game, with my small deposit I can multiply it up to 1000x

[palle11]

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?

Such percentage is still on the high side except you are an addict. Keeping it low around 1 to 3 percentage is rather better but it shouldn't go pass that. You said you may add more if your income is higher, this can lure you to keeping betting if you are losing. To be a better gambler is to be discipline on it.

[Fredomago]

That's what I call financial awareness, very nice. I have a similar system, I always track my income and expenditures. I don't have the exact column for "gambling", and I don't calculate the exact % of the income I will spend on it, but I always have some residual money, which I spend on "fun". On average, I think that's also about 10% of my income. Sometimes it can be gambling, sometimes traveling, or hanging out with friends, but I never spend on gambling with resulting lack of money.

Having that residual money and use it for pleasing your desire, fair enough just the if you use it to watch movies or drink out with your friends.

I usually use spare money from my campaign, though not really into gambling anymore just some bets for NBA as it's really adding  fun and enjoyment when you watch the game and knows that you have some bet for the team you love.

[Fatunad]

For leisure time then i dont spend up too much because when i do only have extra money to spend then thats the time i do consider on doing gambling.
Money spent or used will vary or depend on my mood and my emotion because sometimes im way too impulsive and sometimes i do really have that control.
Its true that budget will really be different just like what others said because we do have different capacity in terms of finances or money to spent.
Some are mindful on their money and some doesnt really care.

[Renampun]

...

This pandemic requires us to minimize spending and I do that by using only a small amount of money to bet...

if I bet football I don't limit the number of times I have to bet on my favorite team I just always limit it to no more than $ 75 of my capital/month. I have a family and I really need to save on that.

[johhnyUA]

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 a fixed price - it's is 100 dollars per month. Despite i like poker most of all, because i have now a lot of work and not so much time, i'm spending it mostly betting. It wise nice with euro 2020, where i've won a lot of money with my correct bets.

Percent of income it's not so good for me, mostly because of the fact that it will be a little bigger than my fixed budget 

[DoublerHunter]

~snip~
 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 a very reasonable amount to gamble, I even gamble more than this maybe sometimes it is 10% and it depends if I like the games. Because sometimes when there is a game that gives me more entertain me well. I spent a lot on it my money especially if this is something new for me. There is nothing wrong with spending even 30% of your monthly income sometimes if this amount is the amount that you can afford to gamble. For me, it is like a gift to myself when I enjoyed it so much no matter how much I spend money.