Your betting budget

[Yamifoud]

~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.

I would go for the net monthly income, that's after your expenses like loans, utility bills, your credit cards and etc.. What the net income, that should be the basis, but then, that's just for me as I am more careful in managing my funds especially this time that we are in a pandemic.

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[FatFork]

Most of us have a budget for entertainment, and gambling is no different. Of course it's not fun to think about money management, but setting and sticking to a gambling budget is a must. We all need to decide what we can afford to lose before we start playing. If you can't afford to lose, then don't gamble.

My personal gambling budget depends entirely on my mood and my goal. Setting a high goal helps me accomplish what I want, but I also need to be mindful that I have a family to provide for and I cannot gamble away more than I earn.

[passwordnow]

After separating my expenses, the important ones. I have myself around 5%-10% from the total budget that I've got but I won't how much is that. And if luckily there is some amount that's spared with that percentage, I can have myself around 1%-2% of that cut and it's not that much compared to those gamblers that have made huge with gambling and are now allocating bigger budget and cut for their continuous activity because they've been lucky on it. That's how it goes, once you go lucky, you'll think that you'll still be within the next tries.

[crzy]

I can only afford to gamble $100 below for a month and this is already enough for me to have fund, sometimes I was able to earn money but most of the time I lose it but that's ok because that is already budgeted and the purpose of that money is for gambling only. Having you budget can help you decide on whether to continue gambling or not, but if you do go beyond that despite of having a hard time with your finances, then I can say that its addiction and you should ask for a help as soon as possible.

[Shasha80]

I can only afford to gamble $100 below for a month and this is already enough for me to have fund, sometimes I was able to earn money but most of the time I lose it but that's ok because that is already budgeted and the purpose of that money is for gambling only. Having you budget can help you decide on whether to continue gambling or not, but if you do go beyond that despite of having a hard time with your finances, then I can say that its addiction and you should ask for a help as soon as possible.

It turns out that we have the same amount of budget for gambling, I also provide $100 for gambling capital for one month. I did provide the $100
from the rest of my income for a month, if it turns out that in a month I have an urgent need, sometimes I reduce my gambling budget. Because
for me, gambling is only for entertainment, not an activity that must be done. So I also only play gambling on weekends, where I have a lot of
free time. By limiting my gambling budget, it prevented me from becoming addicted to gambling. If in two weeks my budget runs out,
then I will stop gambling and wait until the beginning of the month again.

[smyslov]

Betting allocation is very important if you don't have this, you are going to lose control of your betting the key element on betting allocation is moderation you have to be moderate on your gambling time and money that allocate and on your money that you can lose, stay within your budget, I', also doing this and it all depends on the money coming in, I'm not adding more that I can't afford.

[famososMuertos]

First of all, I manage my poker bankroll for a long time independent of my formal income, it is self-managed.

In the case of crypto casinos, it is fascinating how you can dilute between 8 decimal places to efficiently manage your banking or how you distribute your ammunition (bet).

That is the difference, the big difference, 8 decimals vs 2 decimals(Fiat), it is not the same to make minimum bets of $ 0.01 with $ 100 to having the possibility of diluting those $100 in 8 decimal.

I sometimes make bets of $5, $1 but the average after a year of growth in what I call traditional games is around $ 0.1 to $ 0.001 but in my beginnings I started with 0.00000001 or what I proclaimed as my right to bet 1 satoshi.

The point of all the above is that over time you should not, no, you should not take external money or designate money from your formal income for your bets, over time you must learn to self-manage your income and start building a bankroll that allows you to sustain losses and even use that money for deposits in other casinos or even take the opposite direction that you propose, 5% for candies.

Be careful, all this at a recreational level, self-management, that is the famous bankroll, the less times you take money out of your personal budget for your bets, you are achieving the goal of winning.

That is why crypto bets are great to make your money work, patience, not everyone is entertained by betting $ 0.001 but if they are excited by $ 1 and here the other key, because it is not 3%, 5% of your budget, the size of your bet must be well defined because it is intrinsic in that "real" percentage that you assign to start building your bankroll.

The assignments of 3%, 5% can be a placebo effect that leads to losses in your budget.

It is really something very individual to determine what % to use in a "beginning" but the important thing to know is that you cannot be assigning amounts monthly unless you are a professional player, so it is the opposite.

[hahay]

Betting allocation is very important if you don't have this, you are going to lose control of your betting the key element on betting allocation is moderation you have to be moderate on your gambling time and money that allocate and on your money that you can lose, stay within your budget, I', also doing this and it all depends on the money coming in, I'm not adding more that I can't afford.

I also do that but I really don't have a definite budget of how much money to deposit, but even though I don't have management I remain disciplined if the deposit money runs out quickly then I don't make deposits again. Usually I will make another deposit on another occasion but more often than not I will just continue to play the initial deposit that has not been used up, because I try hard to continue to make a profit then it will also be good for us not to always make repeated deposits.

[swogerino]

In order to have fun while gambling the first thing to do is limiting our daily,weekly or monthly budget for it and never crossing the line (depositing more to play more).I personally use a monthly bankroll and even if I lose it in a day I stay true to it and don't play until next month,this happens rarely when I play slot machines but when I play sport betting I usually make it to the end of month by betting small increments everyday in sport betting.In the end it all comes to how disciplined you are at managing your finances,there is no exact formula to this.

[Tumanggor]

Setting a budget for gambling is important because we don't know what difficulties will befall us
don't use all your salary and savings even borrow money just to gamble, it will kill you slowly

I only allocate 30% of my monthly salary to play gambling (slots, dice, lottery and betting)
I mostly avoid borrowing money to gamble because I will have difficulty with the installment payments

[dothebeats]

I don't really gamble that hard, only just to kill time and entertain myself for a bit. The max I can give myself to gamble is $100 every month, and that's just it. I only ever play dice and bet occasionally on sports that I really follow and big events on eSports that only happen every few months. So far I'm not really regretting anything that I'm spending on dice since it's a negligible amount from what I earn, and I make sure that I don't go over my allotted budget for the month. $20 per weekend on dice is already enough to keep me entertained for an hour or two, and afterwards I just go with my day as a normal person.

[Tessnik]

Am not a gambling fan so any time I gamble I just do it for fun, and I can only spend my leftover to gamble but can not budget any percentage of my salary to gamble.

[KTChampions]

In order to have fun while gambling the first thing to do is limiting our daily,weekly or monthly budget for it and never crossing the line (depositing more to play more).I personally use a monthly bankroll and even if I lose it in a day I stay true to it and don't play until next month,this happens rarely when I play slot machines but when I play sport betting I usually make it to the end of month by betting small increments everyday in sport betting.In the end it all comes to how disciplined you are at managing your finances,there is no exact formula to this.

Great way! Apparently you are a very disciplined person, once you can endure a month if you lost gambling budget in one day. By the way, how do you manage your winnings? For example, if you won $ 300, can you continue to play on them or are they also limited to $ 100 (for convenience, I assumed that the budget is $ 100)?

[peter0425]

I am allowed by My Wife to spare or risk all the funds i earn from my Bounty payments here and even those Airdrop that i joined .

So basically i have at least 60$ or more budget per week and if lucky i can use more than 300$ per gaming and that is enough if i want to completely enjoy my gaming.

But of course since i already completed to maintain my gambling addiction years ago? now i only play at least once a month.

[Saisher]

Sometimes I lose control of my allocation still lucky that the additional allocation that I added is not that huge not huge to make me feel depressed I am trying to control adding beyond my allocation because if this continues I will have financial problems later, I guess we all have this kind of issue and we need to be tough enough to fight this.

[carlisle1]

In order to have fun while gambling the first thing to do is limiting our daily, weekly or monthly budget for it and never crossing the line (depositing more to play more).I personally use a monthly bankroll and even if I lose it in a day I stay true to it and don't play until next month, this happens rarely when I play slot machines but when I play sport betting I usually make it to the end of month by betting small increments everyday in sport betting. In the end it all comes to how disciplined you are at managing your finances, there is no exact formula to this.

It's tough but if you can managed doing it then the chance of losing more money and getting addicted is not possible to happened,

Gambling is more enjoyable if you see the entertainment part alone and you are not after those huge amount that you need to keep on chasing when
you start your betting  journey,

Setting your limitations and stick with it, you'll see yourself more been entertained and no harm will take effect that much.

[Luzin]

Sometimes I lose control of my allocation still lucky that the additional allocation that I added is not that huge not huge to make me feel depressed I am trying to control adding beyond my allocation because if this continues I will have financial problems later, I guess we all have this kind of issue and we need to be tough enough to fight this.

Emotional control of the soul is very difficult. Almost similar to trading. We must have good management and control of emotions. If not then all you have can run out. I've played on one site even I can make my money twice as much. But the next day because I didn't have good fund management and emotional control my money ran out. But I have no regrets and some days I visited several sites to play with cold funds.

[Questat]

In order to have fun while gambling the first thing to do is limiting our daily, weekly or monthly budget for it and never crossing the line (depositing more to play more).I personally use a monthly bankroll and even if I lose it in a day I stay true to it and don't play until next month, this happens rarely when I play slot machines but when I play sport betting I usually make it to the end of month by betting small increments everyday in sport betting. In the end it all comes to how disciplined you are at managing your finances, there is no exact formula to this.

It's tough but if you can managed doing it then the chance of losing more money and getting addicted is not possible to happened,

Gambling is more enjoyable if you see the entertainment part alone and you are not after those huge amount that you need to keep on chasing when
you start your betting  journey,

Setting your limitations and stick with it, you'll see yourself more been entertained and no harm will take effect that much.

it starts with yourself being responsible, if you cannot be responsible with a small amount then you'll surely lose control and might risk the money that you cannot afford anymore. Have you heard of people who borrowed money just to gamble, I call them desperate already and they are putting themselves into big trouble, let us not reach to that level, be in control all the time and stick with the budget.

[AverageGlabella]

I set aside $100 and usually collect the offers gambling sites do to maximize my earning potential. I do know people who spend over 50% of their wage gambling though. Remember that when it comes to getting mortgages gambling will go against your application so you have to make sure its controlled otherwise you could be rejected. Not just mortgages but it will affect your chance of getting any funding or loans if you require them for education etc.

Sometimes I lose control of my allocation still lucky that the additional allocation that I added is not that huge not huge to make me feel depressed I am trying to control adding beyond my allocation because if this continues I will have financial problems later, I guess we all have this kind of issue and we need to be tough enough to fight this.

Emotional control of the soul is very difficult. Almost similar to trading. We must have good management and control of emotions. If not then all you have can run out. I've played on one site even I can make my money twice as much. But the next day because I didn't have good fund management and emotional control my money ran out. But I have no regrets and some days I visited several sites to play with cold funds.

Its the same as trading except I would say its easier to get carried away with gambling imo since when you win you tend to win big where trading is usually a little more less lucrative.

[aioc]

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?

Allocating is a big challenge just lucky I have a family to look after my allocation and see to it that I follow my allocation, I'm happy with that setup at least I am not going within my boundary, gamblers should set up a budget that they can follow or a family that can help them follow the allocation, it's all about knowing your limitation and not crossing your bondary.