Your betting budget

[UmerIdrees]

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.

We do not need to adopt expensive life styles to get ourselves free from gambling. You can visit to parks or have candle light dinner are enough to keep you from gambling addiction. Its in our mind will, that we want to treat gambling as a fun activity or make it a deadly hobby which may lead towards our poverty.  A very useful advice would be not to  make gambling the primary source of income.

[1714574566]

1714574566

[1714574566]

1714574566

[1714574566]

1714574566

[Tumanggor]

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.

I'm also surprised that you don't have a budget for gambling. I think you don't really manage your expenses every month
it's a good thing if you want to try to manage your finances while gambling so you can know how much your monthly expenses are

One of the keys to not losing in gambling is being able to manage and control finances

[TheGreatPython]

it's a good thing if you want to try to manage your finances while gambling so you can know how much your monthly expenses are

Not just in gambling; everywhere be must keep track of how much we are spending and how much we are earning for that we could have control over our economy. Moreover, maintaining expense details will definitely help to find out what are the expenses are not necessary so that we could have better saving for securing our future.

One of the keys to not losing in gambling is being able to manage and control finances

I don't think so. Managing your finances will help you to have less spending for your gambling but that definitely got nothing to do with your losses in gambling. But at the same time, if you are less spending for gambling then there will be the better chances for less losses in the end.

[ethereumhunter]

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.

I'm also surprised that you don't have a budget for gambling. I think you don't really manage your expenses every month
it's a good thing if you want to try to manage your finances while gambling so you can know how much your monthly expenses are

One of the keys to not losing in gambling is being able to manage and control finances

I am sure managing the finances will give us a chance to know how much our free money is and how we will use that money. If we have free money that we do not use for anything, we can use it to gamble, but of course, we need to limit playing gambling. Otherwise, we will use more and more money and we will lose it in the gambling games. If we can limit our money to gamble, we do not disturb the other money that we already set it every month.

[Cacingkemi]

I don't actually have a betting budget. I know it's surprising but it's true, I just based it on my mood for example in sports betting if there are some good events of course I increase my budget to it and if there's something like football competition or wagering competition I increase my budget to that but that varies it's around $1000 or more.

[hahay]

I don't actually have a betting budget. I know it's surprising but it's true, I just based it on my mood for example in sports betting if there are some good events of course I increase my budget to it and if there's something like football competition or wagering competition I increase my budget to that but that varies it's around $1000 or more.

Not sure about $1k, as gamblers who don't have the budget to gamble will at least only be playing with money ready to lose which means it's not a huge amount. A gambler who has a regular or calculated budget, it is easy for him to prepare a large budget for gambling. But for players who only gamble occasionally in my opinion, I'm not sure that such a gambler will spend a lot of money just to gamble for a moment.

[Fredomago]

I am sure managing the finances will give us a chance to know how much our free money is and how we will use that money. If we have free money that we do not use for anything, we can use it to gamble, but of course, we need to limit playing gambling. Otherwise, we will use more and more money and we will lose it in the gambling games. If we can limit our money to gamble, we do not disturb the other money that we already set it every month.

Limitation is always a key, it will guide you not to lose more and it will also allow you to win over the house, if you have good limits with your gambling activities either ways, win or lose just know when to stop and you are good to go.

Taking some portions from your budget and allow yourself to be entertained, but always know when to quit that's your advantage dealing with this activity.

Value your money and set only the amount that you are capable to let go.

[Furious 7]

I don't actually have a betting budget. I know it's surprising but it's true, I just based it on my mood for example in sports betting if there are some good events of course I increase my budget to it and if there's something like football competition or wagering competition I increase my budget to that but that varies it's around $1000 or more.

Not sure about $1k, as gamblers who don't have the budget to gamble will at least only be playing with money ready to lose which means it's not a huge amount. A gambler who has a regular or calculated budget, it is easy for him to prepare a large budget for gambling. But for players who only gamble occasionally in my opinion, I'm not sure that such a gambler will spend a lot of money just to gamble for a moment.

I agree, how can $1000 be at stake in a big competition is that not great? a gambler who does that, of course, is only ready for what he holds in his funds and is ready to lose if determining a $1000 fund is not an easy thing because in gambling, he will feel very sorry if he allocates large amounts, even I am also a gambler with a budget, I will know how the limit is and does not exceed thousands of dollars unless he is a gambling addict who has everything ready.
Every certain competition will of course have a budget that already knows how it should be spent.

[South Park]

$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.

This is the way it should be done, having very clear limits about when and how much to gamble and remaining the majority of the time below those levels is the healthiest way to gamble, many people do not like this because they think it interferes with their fun as they cannot any longer do whatever they want and they feel they are missing some of the fun they got with their gambling without those limits, but people like that should use a budget as that kind of thinking could easily lead them to become addicted to gambling.

[codegnome]

The maxim is always that you should only gamble with money what you can spare, but most people know that. More importantly, keep a bankroll for gambling, and a strategy. And under no circumstances go over your limits, try to put your emotions aside. Only then can you enjoy it.

[Yamifoud]

The maxim is always that you should only gamble with money what you can spare, but most people know that. More importantly, keep a bankroll for gambling, and a strategy. And under no circumstances go over your limits, try to put your emotions aside. Only then can you enjoy it.

Your emotion is what makes you enjoy, so don't put it aside, instead, try to manage your emotion that you will not be too happy and too sad when gambling. Some just lose their control, when they are winning they like to win more, which resulted in them losing all their bankroll, but what's worse is when they are losing, they still keep gambling and forget their limit.

[ethereumhunter]

I am sure managing the finances will give us a chance to know how much our free money is and how we will use that money. If we have free money that we do not use for anything, we can use it to gamble, but of course, we need to limit playing gambling. Otherwise, we will use more and more money and we will lose it in the gambling games. If we can limit our money to gamble, we do not disturb the other money that we already set it every month.

Limitation is always a key, it will guide you not to lose more and it will also allow you to win over the house, if you have good limits with your gambling activities either ways, win or lose just know when to stop and you are good to go.

Taking some portions from your budget and allow yourself to be entertained, but always know when to quit that's your advantage dealing with this activity.

Value your money and set only the amount that you are capable to let go.

Absolutely right. Limitations can be our way not to lose more from the house. A gambler will lose much more money and the house will take all; that is, the winner takes all.

I agree with knowing when to stop and when we gamble and if we can combine that with the limitations, that will really help us to prevent the big loss.

If we can value our money, we will not gamble too much money because we will remember that we have the other things that need that money so we will think that it is not worth it if we lose in the gambling games.

[Cryptmuster]

Your emotion is what makes you enjoy, so don't put it aside, instead, try to manage your emotion that you will not be too happy and too sad when gambling. Some just lose their control, when they are winning they like to win more, which resulted in them losing all their bankroll, but what's worse is when they are losing, they still keep gambling and forget their limit.

It is difficult to be indifferent to defeat, to be upset or rejoice, this is normal, but it is very important to follow bank management in order to not lose a lot of money. If there is a strategy and it is reasonable to place bets, when one bet is not more than 3-5% of the pot, then everything will be all right, even if you will overtaken by a series of unsuccessful bets.

[Oshosondy]

when one bet is not more than 3-5% of the pot, then everything will be all right, even if you will overtaken by a series of unsuccessful bets.

Some people will have in mind that they will not touch more than 2 to 5% which they budget for gambling, touching more than that should have indicated to them that they are becoming a gambling addict. I have my gambling budget to be 2 to 5% and not more, I gamble just weekends, even if I lose, I will not be sad because it is chicken change that I used which will make me to to be depressed, even if I win, I use the money for fun. We should all have gambling spending limit, this will help us to avoid addiction, we should also not hide this from our relatives that we see daily.

[yazher]

Guys, I have some questions about gambling. Let's say you have $100 as capital and you ended up winning another $100 but you played more than an hour to get that amount. Is it possible for you to only play again with the money you had won? and if you lose that money, how hard it i9s to convince yourself not to use the original capital you have to play again?

I'm in this kind of situation right now where I bought some NFT pack that is worth $100 and ended up getting an NFT item that is worth $1000. I want to sell the NFT I got so that I can open more packs and thinking that I might get other expensive NFT items on multiple packs but also have some tendency to waste it all if I get worthless things. that's why I need you guys to answer my questions to know the rate of what I'm about to do.

[carlisle1]

when one bet is not more than 3-5% of the pot, then everything will be all right, even if you will overtaken by a series of unsuccessful bets.

Some people will have in mind that they will not touch more than 2 to 5% which they budget for gambling, touching more than that should have indicated to them that they are becoming a gambling addict. I have my gambling budget to be 2 to 5% and not more, I gamble just weekends, even if I lose, I will not be sad because it is chicken change that I used which will make me to to be depressed, even if I win, I use the money for fun. We should all have gambling spending limit, this will help us to avoid addiction, we should also not hide this from our relatives that we see daily.

No doubts that if you have that kind of limitations and you are practicing it well, the chance of getting addicted is more smaller than those who spend a lot.

If you  lose that portions from your budget and keep the entertainment that you gain, you simply let it go and try again the other day

or the other time when you have the same amount to spend, when you win, it's just another bonus for you to adds up from your entertainment.

[Saint-loup]

when one bet is not more than 3-5% of the pot, then everything will be all right, even if you will overtaken by a series of unsuccessful bets.

Some people will have in mind that they will not touch more than 2 to 5% which they budget for gambling, touching more than that should have indicated to them that they are becoming a gambling addict. I have my gambling budget to be 2 to 5% and not more, I gamble just weekends, even if I lose, I will not be sad because it is chicken change that I used which will make me to to be depressed, even if I win, I use the money for fun. We should all have gambling spending limit, this will help us to avoid addiction, we should also not hide this from our relatives that we see daily.

No doubts that if you have that kind of limitations and you are practicing it well, the chance of getting addicted is more smaller than those who spend a lot.

If you  lose that portions from your budget and keep the entertainment that you gain, you simply let it go and try again the other day

or the other time when you have the same amount to spend, when you win, it's just another bonus for you to adds up from your entertainment.

Where have you seen that addiction depends on the size of stakes you're gambling? It's like saying that someone drinking a lot one day would be more addict to alcohol than someone drinking several glasses every day. It doesn't make sense. Usually noobs gambling large amount of money will get rekt quickly and they won't want gambling anymore after that... Moreover Cryptmuster wasn't speaking of addiction, he was talking about bankroll management.

[DU18]

The maxim is always that you should only gamble with money what you can spare, but most people know that. More importantly, keep a bankroll for gambling, and a strategy. And under no circumstances go over your limits, try to put your emotions aside. Only then can you enjoy it.

You true, in difficult economic conditions like today due to the corona pandemic, of course we must be able to manage the finances we have as well as possible so as not to have an impact on our family finances, in my opinion, emotions are the main factor that makes us lose everything in gambling and that's why we need strong emotional control when gambling.

[ReiMomo]

The maxim is always that you should only gamble with money what you can spare, but most people know that. More importantly, keep a bankroll for gambling, and a strategy. And under no circumstances go over your limits, try to put your emotions aside. Only then can you enjoy it.

You true, in difficult economic conditions like today due to the corona pandemic, of course we must be able to manage the finances we have as well as possible so as not to have an impact on our family finances, in my opinion, emotions are the main factor that makes us lose everything in gambling and that's why we need strong emotional control when gambling.

In such situation, its better to avoid getting into gambling. I understand its going to be really challenging for those who are addicted. We depend on money to manage all our needs. So when there is a little, its good to plan with the little amount we have. Its easy to say or advice but yes i agree, its hard to practice though. Self realization and self control will only help to manage the situations.

[Fredomago]

Absolutely right. Limitations can be our way not to lose more from the house. A gambler will lose much more money and the house will take all; that is, the winner takes all.

And most of the time house is the one who win, only few gamblers do manage to win some from the house, most of thegambler losses everything.

I agree with knowing when to stop and when we gamble and if we can combine that with the limitations, that will really help us to prevent the big loss.

And it also helps to win some, if you set your limitations and control with your budget, you can quit with some earnings.
instead of keep losing and keep giving your money with house.

If we can value our money, we will not gamble too much money because we will remember that we have the other things that need that money so we will think that it is not worth it if we lose in the gambling games.

That's really important, knowing that you are able to control your money not to add more  whenever you losses your capital.