Your betting budget

[tyz]

People who do indeed gamble on daily basis could really be considered to be a gambling addict and not for those people who do play on weekends or casual basis.

You can't say that as a blanket statement. There are also people who bet every day without being addicted, those who do it as their main job or have a good side income. However, they do it professionally and are not guided by emotions. They usually have a strict money and balance management and thus also regularly in profit. I know that because I know people like that.

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[Oasisman]

Gambling everyday can be considered as an addiction but not all who gamble everyday are addict.
Those who gambler every single day but they are able to manage the time and money well, I can say they are not addicted.
Lets say he is gambling everyday but he has can start and stop his gambling session wisely each day, I would say he is smart gambler instead of an addict.

Does a "smart" gambler like this really exist?
I mean the first sentence are contradicting.
When you gamble every single day, regardless of the amount of money you gamble, regardless of how you manage your time (of course you need to manage your time between gambling and day job/business), gambling addiction is measured on how frequent your gambling activities are, not the time and money management everytime you gamble.
Well, gambling everyday seems an obvious ground for gambling addiction, because the urgency to gamble during your past time everyday will become normal to you.

[hahay]

It depends if I don't have expenses for the current month, I increase my gambling budget and sometimes I get my expenses from my betting budget if I managed to win. This is really a nice discussion since trying to budget your fund in gambling is one of the really important things since it will let you be a responsible gambler.

I think a good budget is a budget that has been prepared only for the purpose of something, if you are still increasing or sometimes using it for expenses then I guess it can get messy. That is, if you have prepared a budget for gambling even though it is only to gamble on one day and then in gambling you lose until you lose the budget, then as much as possible you should stop at that time but if you increase the budget when you lose then that is not the right way of discipline.

[carlisle1]

It depends if I don't have expenses for the current month, I increase my gambling budget and sometimes I get my expenses from my betting budget if I managed to win. This is really a nice discussion since trying to budget your fund in gambling is one of the really important things since it will let you be a responsible gambler.

I think a good budget is a budget that has been prepared only for the purpose of something, if you are still increasing or sometimes using it for expenses then I guess it can get messy. That is, if you have prepared a budget for gambling even though it is only to gamble on one day and then in gambling you lose until you lose the budget, then as much as possible you should stop at that time but if you increase the budget when you lose then that is not the right way of discipline.

Exceeding to your target budget is not a healthy practice when dealing with gambling, always best to stop when your bankroll was empty.

From that you can say that you have good discipline and you are still in control with your gambling activities, most of the time there's a surge inside you urging you to deposit more as you may win and recover, but once you allow that to happened you'll find yourself losing a lot that day.

Regrets should not take place if you follow your routine, set the amount and make sure not to add more.

[$crypto$]

It depends if I don't have expenses for the current month, I increase my gambling budget and sometimes I get my expenses from my betting budget if I managed to win. This is really a nice discussion since trying to budget your fund in gambling is one of the really important things since it will let you be a responsible gambler.

I think a good budget is a budget that has been prepared only for the purpose of something, if you are still increasing or sometimes using it for expenses then I guess it can get messy. That is, if you have prepared a budget for gambling even though it is only to gamble on one day and then in gambling you lose until you lose the budget, then as much as possible you should stop at that time but if you increase the budget when you lose then that is not the right way of discipline.

Exceeding to your target budget is not a healthy practice when dealing with gambling, always best to stop when your bankroll was empty.

From that you can say that you have good discipline and you are still in control with your gambling activities, most of the time there's a surge inside you urging you to deposit more as you may win and recover, but once you allow that to happened you'll find yourself losing a lot that day.

Regrets should not take place if you follow your routine, set the amount and make sure not to add more.

As much as possible, we should be able to manage the budget as healthy as possible because there we can control ourselves from gambling and I think this will become normal even when the balance is empty you will not become addicted to depositing again because it has been budgeted for how much to gamble, so indeed discipline is very important in gambling.

I've been doing this for a long time and it really works, because I won't bother spending necessities because it's my duty to look after them, and gambling funds are budgeted when how much income we get for a week or month.

[Smartprofit]

It depends if I don't have expenses for the current month, I increase my gambling budget and sometimes I get my expenses from my betting budget if I managed to win. This is really a nice discussion since trying to budget your fund in gambling is one of the really important things since it will let you be a responsible gambler.

Gambling winnings are a bonus.  

It is logical to spend them on something unusual, and not just to finance running costs.  Make your dream come true.  

For example, flying in a hot air balloon, scuba diving, traveling, going to an expensive restaurant.  

This will allow you to organize an interesting Life Style.  At the same time, it will not give you the opportunity to develop gambling addiction.  In addition to gambling, an interesting Life Style awaits you.  

Focusing on Life Style will save you a lot of trouble.

[South Park]

Correct, setting up a budget is not a winning strategy, it is a strategy that will help you to avoid losing huge amounts of money that you cannot really afford to lose, so I have been always in favor of people having a budget, that way even if they happen to lose control of their gambling during a session if they can respect that budget then those losses are not going to be a big deal since they can just stop gambling during the rest of the week or month and they will still have lost the same amount of money.

As a savvy gambler, you should never forget that you should never risk more money than you can afford to lose, and that you should set aside some money and budget for gambling.
You set a budget and stick to it and when the gambling capital that has been budgeted is used up, your gambling is done and that is to prevent you from becoming addicted and disciplined.

Not only that setting up a budget is a great way to be able to tell that something is wrong with your gambling, after all if you are constantly going above your budget and you are spending more money than your current allocation then that is a sign that something is wrong and that something must be done about it, this is an early sign that tells you that something is wrong, some people will disregard that sign but for those that know the signs of addiction this is going to be worrisome and they will take early action before an addiction develops.

[Hamphser]

Correct, setting up a budget is not a winning strategy, it is a strategy that will help you to avoid losing huge amounts of money that you cannot really afford to lose, so I have been always in favor of people having a budget, that way even if they happen to lose control of their gambling during a session if they can respect that budget then those losses are not going to be a big deal since they can just stop gambling during the rest of the week or month and they will still have lost the same amount of money.

As a savvy gambler, you should never forget that you should never risk more money than you can afford to lose, and that you should set aside some money and budget for gambling.
You set a budget and stick to it and when the gambling capital that has been budgeted is used up, your gambling is done and that is to prevent you from becoming addicted and disciplined.

Not only that setting up a budget is a great way to be able to tell that something is wrong with your gambling, after all if you are constantly going above your budget and you are spending more money than your current allocation then that is a sign that something is wrong and that something must be done about it, this is an early sign that tells you that something is wrong, some people will disregard that sign but for those that know the signs of addiction this is going to be worrisome and they will take early action before an addiction develops.

Which would really be a wasteful act and  would definitely result into problems later on when you do spend much above into your budget.You shouldnt really be having that kind  of behavior because if you dont like to experience problem then you should be mindful about your spending.

Budget should be only sufficient on your leisure needs because if you do make it as a source of income then you would likely to be spending more on the amount that you had allocated.

In result? You would really be get addicted at the same time you would really be having some financial problems later on.

[Natalim]

It depends if I don't have expenses for the current month, I increase my gambling budget and sometimes I get my expenses from my betting budget if I managed to win. This is really a nice discussion since trying to budget your fund in gambling is one of the really important things since it will let you be a responsible gambler.

Gambling winnings are a bonus.  

It is logical to spend them on something unusual, and not just to finance running costs.  Make your dream come true.  

For example, flying in a hot air balloon, scuba diving, traveling, going to an expensive restaurant.  

This will allow you to organize an interesting Life Style.  At the same time, it will not give you the opportunity to develop gambling addiction.  In addition to gambling, an interesting Life Style awaits you.  

Focusing on Life Style will save you a lot of trouble.

Your suggestion seemed expensive, but of course it will help if you have the budget, but unfortunately, most people who are addicted in gambling are those who does not have a financial freedom, they got addicted for trying to win big money as they think it's an opportunity to change their lives to improve financially in just a short period of time.

[Fredomago]

Which would really be a wasteful act and  would definitely result into problems later on when you do spend much above into your budget.You shouldnt really be having that kind  of behavior because if you dont like to experience problem then you should be mindful about your spending.

Budget should be only sufficient on your leisure needs because if you do make it as a source of income then you would likely to be spending more on the amount that you had allocated.

In result? You would really be get addicted at the same time you would really be having some financial problems later on.

Mismanaged of your funds will surely harm you in the long run, you should always stay with your allocated budget and never to exceed with it, responsible gambling saves you  from getting addicted.

If you set a certain amount with your gambling leisure best to keep it that way, please your desire but control your emotions.

When you're done using your budget then it's also time for you to quit, take the enjoyment and experienced it will give you good vibes not those regrets when you overspend your money, amount that you are not willing to let go.

[Macadonian]

$20 every week is my budget and I do not go over that amount most weeks. There have been times where I have gone above it but this is rare and has only happened when there are big events on like the Euros a couple of weeks ago. I think it is healthy to set a budget and only go above it sometimes when there are special events on.

[Marvelman]

$20 every week is my budget and I do not go over that amount most weeks. There have been times where I have gone above it but this is rare and has only happened when there are big events on like the Euros a couple of weeks ago. I think it is healthy to set a budget and only go above it sometimes when there are special events on.

Fixed betting budgets are a great thing. It enables you to bet within your means and don't risk money that you can't afford to lose, which is perhaps one of the most important skills of a successful bettor. The odds will sometimes not go in your favor and you feel as if you're simply losing wager after wager. This leads many people to increase their stakes to try to recover their losses when their luck returns. Unfortunately, this rarely works.

[KTChampions]

Your suggestion seemed expensive, but of course it will help if you have the budget, but unfortunately, most people who are addicted in gambling are those who does not have a financial freedom, they got addicted for trying to win big money as they think it's an opportunity to change their lives to improve financially in just a short period of time.

In fact, the main paradox of gambling addicts is that even if they win a large amount of money, they still continue to gamble (usually up to a complete loss) instead of actually changing their lives. I have heard many such stories, plus stories where a gambler who won a lot of money spent all of them on entertainment. But I don't remember a single one when the lucky one would open a business or do something serious.

[bitzizzix]

Waoo! This is my first time of hearing that some people do have budget set aside for gambling on a monthly basis. This is a very nice one but I don't have a budget for gambling maybe I will start now since I have making little money out of my gambling this days.

Budgeting gambling capital in my opinion is very important and to avoid you losing a lot of money, but all of that must be supported with high discipline and consistency because it is not easy.
when you bet within the budget for some time you set and when you lose and your budget runs out you don't add any more.
And if you have several wins, you can use the winnings for other purposes or to prepare for the next budget capital and you stay consistent and play with the budget that has been prepared until the time limit runs out.

[ipanks]

Waoo! This is my first time of hearing that some people do have budget set aside for gambling on a monthly basis. This is a very nice one but I don't have a budget for gambling maybe I will start now since I have making little money out of my gambling this days.

That is the only way prevention that we can do to prevent the big loss. They have different monthly budgets, and I am sure they will not try to break the budget because if they do that, it can lead them to more losses. You can hope to make little money from your gambling, but I suggest you do not try hard to make money from gambling because the result will not always be what you expected. Maybe you can limit or set your budget by playing gambling so you do not feel curious about winning.

[Sanitough]

Waoo! This is my first time of hearing that some people do have budget set aside for gambling on a monthly basis. This is a very nice one but I don't have a budget for gambling maybe I will start now since I have making little money out of my gambling this days.

That is the only way prevention that we can do to prevent the big loss. They have different monthly budgets, and I am sure they will not try to break the budget because if they do that, it can lead them to more losses. You can hope to make little money from your gambling, but I suggest you do not try hard to make money from gambling because the result will not always be what you expected. Maybe you can limit or set your budget by playing gambling so you do not feel curious about winning.

Curiosity is the first step on why people get hooked on gambling, and getting hooked is not really a bad thing if from the very beginning you already understand what you are doing as you will certainly be responsible for gambling. I also have a dream to make consistent money in gambling, like those who are making a living from it, but I know it's not for everyone and one has to have the proper skills in order to make a living in gambling.

As a gambler, we should be honest with ourselves as that's the only way to know our real capacity, whether we are just for fun or for serious business.

[dunfida]

Waoo! This is my first time of hearing that some people do have budget set aside for gambling on a monthly basis. This is a very nice one but I don't have a budget for gambling maybe I will start now since I have making little money out of my gambling this days.

Budgeting gambling capital in my opinion is very important and to avoid you losing a lot of money, but all of that must be supported with high discipline and consistency because it is not easy.
when you bet within the budget for some time you set and when you lose and your budget runs out you don't add any more.
And if you have several wins, you can use the winnings for other purposes or to prepare for the next budget capital and you stay consistent and play with the budget that has been prepared until the time limit runs out.

Do you equally have budget for gambling purpose too? Playing gambling within the budget is a very good idea to help one not to get addicted to gambling. If one is discipline and work within the budget I see no reason why people should be addicted for I believe it is act of indiscipline that make one to be addicted. Is just like drinking alcohol, if you drink responsibly you will not get drunk.

Always stick with your budget and wont go over it or would be overspending because if you have already on this state then its simply showing that you are already addicted with gambling.

This is something that you should stop right away when you are still on midway because if the problem would even becomes worst then it would really be a regretable thing that would happen into your life.

If you dont like to experience it then better be mindful towards your actions and be sensible on any situation.

[seleme]

3% or 5% means you truly manage your gambling budget since degen gamblers don't care after one point how much they spend to keep chasing losses. Personally, I prefer to do it around 10% of the total passive income I get and I never mix the main income source with gambling since gambling addiction can have a huge effect on it. Long story short, just gamble for fun and for fun having a spare extra few hundred dollars is enough, IMO.

Some people prefer to gamble half the salary and they keep believing recovering the loss is possible in a single session. Having decent money management requires to recover the losses of previous dead sessions slowly, for example, I prefer to recover the losses in two weeks rather than doing all in few days. Rushing to recover the loss in short timeframe will make losses double, so gambler are supposed to make a bigger deposits which can be a another loss for a day.

[boyptc]

Waoo! This is my first time of hearing that some people do have budget set aside for gambling on a monthly basis.

There have been actually doing that if you read a few posts back then. They are gambling with a budget on a monthly basis and others do that as long as they've got spare money.

This is a very nice one but I don't have a budget for gambling maybe I will start now since I have making little money out of my gambling this days.

If you want to gamble and you don't have a budget yet, might better allocate and wait for your money to come.

[yayayo]

I think people always agree with themselves in the beginning to set a limit for gambling. But what do you do when you want to go over that limit, since you have lost your bet? Then the problems often start that can no longer be foreseen.

ya.ya.yo!