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Author Topic: Your betting budget  (Read 4960 times)
traderethereum
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July 15, 2021, 05:49:21 AM
 #21

I do not have a specific amount to gamble but that should less than $30 and do not use any percentage because I already set a range of the amount of the money to gamble.
That amount can change, especially if I still have some money in my account to not have to deposit more just to gamble.
Sometimes, I do not gamble in a week but on the other days, I can gamble 2-3 times a week and that is okay for me.
We need to manage our money and know how much money we will use to gamble because that can disturb our daily needs.

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July 15, 2021, 05:57:23 AM
 #22

I always reserve some certain amount of money monthly for betting budgeted from my monthly expences which would not affect my livelihhod ,of course I only gamble with small percent of the amount i.e the amount of money I can afford to lose, I only involve in soccer bettings thus I have the opportunity to play parley or accumulate my odds betting with a small amount of money in a bid to win big, I strictly followed my budget with discipline to avoid being addicted to betting after a losing streak I wil wait till the next month and start all over I play betting for fun as a soccer fan I can easily predict matches.

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July 15, 2021, 07:45:49 AM
 #23

...
Some gamblers like to be in control of their budget but gambling can disrupt that for them during addiction, that is why it is not good to be addicted to gambling. Reading the OP, I noticed you are not a gambling addict, this makes you to be in control of your weekly/monthly income, I too is just like that. Although, I was an addict before, but bygone now.

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.
Why? You did not mention in amount but in percentage. If you are collecting $100, you use 5% to gamble monthly, that is $5. But if you see $1000 as a surprise in another month, you still use 5% to gamble, that is $50. So if your weekly/monthly income increased, the money you use to gamble will also still increase. I do not think any increment is necessary or maybe this is what you meant.

How do you plan your gambling or fun budget?
I prefer to use 2% to 5%, it depends on the weekly income. If the income is very high, I use 2% but if the income is low, I use 5% in such a way almost the same amount is used to gamble. I do not increase my gambling amount like that as it is not necessary.

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July 15, 2021, 07:50:51 AM
 #24

I'm just trying to play gambling with an extra amount of money that I'm willing to spend all day long just to play gambling. I just have a 5k USD to enjoy my leisure time, quite a small amount to others but it's the only one I can afford. When I think I already lose a lot of games I tried to stop in a meantime it's too hard to play when exhausted. Sometimes I didn't lose all those pocket money, when I have a good day and winning already still I limit my self, I just seek fun and entertain myself and not just having a whole day and make gambling a job. Always gambling responsibly.

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July 15, 2021, 07:53:35 AM
 #25

If you are already a Knowledgeable Gambler then you can easily answer this because you knew how to evaluate your gambling activities and your gambling expenses .

For me i only Budgeting myself at least 100-300$ per month depend on my Salary and depend on my Mood when playing .

I know only Play at least once or twice a week unless i have no plenty of time to spend.

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July 15, 2021, 09:32:35 AM
 #26

so far I only spend about $ 20 / week or about $ 80 per month to do gambling and usually I put that budget aside from my salary so far, and if I win at gambling I usually use the profits back for games so that I no longer need to set aside money from my salary in the future, gambling games in my opinion are only limited to mere pleasure but still we must be able to manage the financial situation so as not to experience a crisis in the end.

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July 15, 2021, 09:39:39 AM
 #27

Same as others, no budget whatsoever, I just play money that I can afford to lose simply as that. Maybe for some who are really addicted, maybe their whole salary or paycheck, or there could be signature participants who spend their weekly pay on gambling/sports betting. But for me not the case, if I feel that I wanted to gamble, probably just a few satoshi's to bet let's say NBA games to make it more exciting watching the game with some friends.

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July 15, 2021, 09:49:37 AM
 #28

When dogecoin was cheap, my usual bet was 1 dogecoin. I dont gamble to win, I just gamble to get emotions. Playing with play money does not give it, but loosing $5-20 in "cheap dogecoin" on a weekend game session in slots was a real joy for me.

Previously, I have had tokens on Betfury.io that gave me around $1-1.5 daily through staking. That was enough to play for on Friday evening for half an hour. I would say that my betting budget is <$20 weekly. But I must add that I dont gamble regularly.

 
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July 15, 2021, 10:13:43 AM
 #29

On my part, I usually gamble like $10-$20 on slots machines. But on sport bet, it's usually $10 or less per match depending on the game and players or teams involved. So no fixed budget, there will be time that I wouldn't bet on a week or two, and then goes on a weekend bet sparingly. So I guess it's different for every gamblers here, still based on their preference on what game they choose, i.e. slots, card games, dice, and sports betting.

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July 15, 2021, 10:24:47 AM
 #30

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?
How I wish that I can still manage to set aside that percentage just for my own leisure and wants. But to have around 3%-5% for your gambling activity is already a good portion of your whole income. As for my gambling budgeting, I only gamble if it's necessary or I just find myself lonely and I have to gamble. I don't have that much budget on it right now as I'm coping up with some expenses but usually it ain't that much if I want to gamble it's just ranging around $20-$50 if I'm on the right mood to gamble.

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July 15, 2021, 10:49:50 AM
 #31

Gambling budget could be the most challenging part for the regular gamblers. Although, one of the safest way is to set aside a certain percentage of your income, but sometimes you'll get hooked up that your forget you're exceeding your budget limit already.
So, I guess it would be safe to say that gambling budget should always come after you have bought and pay all your necessities/groceries, bills, and mortgage, and other necessary financial responsibilities.

 

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July 15, 2021, 11:22:33 AM
Last edit: July 15, 2021, 11:32:56 AM by Saint-loup
 #32

Gambling budget could be the most challenging part for the regular gamblers. Although, one of the safest way is to set aside a certain percentage of your income, but sometimes you'll get hooked up that your forget you're exceeding your budget limit already.
So, I guess it would be safe to say that gambling budget should always come after you have bought and pay all your necessities/groceries, bills, and mortgage, and other necessary financial responsibilities.
Another time, could you stop spamming bro. The question is clear "How do you plan your gambling or fun budget?" and the title of the topic too "Your betting budget". Everyone has explained how they are doing themselves except you. If you don't want to reply to the question, don't (shit)post here because you're Off-Topic.

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July 15, 2021, 12:18:55 PM
 #33

although I may allow more if I have some extraordinary income that month. How do you plan your gambling or fun budget?
I use my extra income from my website and actually had no really specific plan for it, and as gamblers should know the limits, I myself still firmly hold my principles in gambling and for fun, but everyone has their own digits which they consider fine for gambling. some people tought hundred its fine some people are thousand its fine, everybody had different limit.
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July 15, 2021, 12:23:55 PM
 #34

I don't really have a budget when I play but my wallet usually has 20$-$50 when I decide to play. I guess you can call that as a budget but I do not gamble that much unlike you guys do. I rarely have any spare money so usually I only play 1-3x in a month.
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July 15, 2021, 01:04:59 PM
 #35

My gambling budget depends on how many times a month I visit an online casino. For me, it is enough to visit a gambling site once or twice a month, but sometimes it happens that I just do not manage to visit it. The main restriction that I set for myself is a deposit of no more than $100.

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July 15, 2021, 01:05:09 PM
 #36

I only budget my leftover for gambling and will never touch my savings or income for gambling as I only gamble for fun and nothing more, I guess those addicted to gambling are the only ones willing to spend extra money such as salary and even loans to gamble but every responsible gambler have a set target amount for gambling and will never go out that amount on gambling.
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July 15, 2021, 01:22:08 PM
 #37

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 have only partial control over my finances.  I keep records of my income, but I do not keep records of my expenses. 

I have a special program on my smartphone to control cash receipts.  The same program is installed on the laptop.  They are synchronized with each other. 

I try to maximize my income. 

How much money do I spend on gambling?  I dont know! 

When I gamble, I usually drink alcoholic beverages.  I'm having fun. 

There is no mood to control your expenses.

 
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July 15, 2021, 01:32:51 PM
 #38

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?

Don't have any exact figures since I don't like to calculate my capital and loss since its really depressing to see how big the amount we are dealing  with casinos that's why I forget about it since the amount I only bet is just a few bucks and it will not exceed in hundreds if I'm playing on dice,cards and slots. But if I do sports betting then I can exceed at hundred bucks above in a single bet since I always love to bet on sports rather than spending on other games since for me its really not a good decision to make.

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July 15, 2021, 01:34:40 PM
 #39

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 live in a backward country, so on the one hand, I have to save a lot, even if I have a certain freedom in money, but in fact I don't do it. I believe that the positive emotions received here and now is undoubtedly a profitable investment than a ghostly profit from money set aside for the future. Naturally I'm talking about family fun, not personal. I spend a small percentage of money from signature campaigns or other unplanned income on personal entertainment.

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July 15, 2021, 01:39:51 PM
 #40

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 live in a backward country, so on the one hand, I have to save a lot, even if I have a certain freedom in money, but in fact I don't do it. I believe that the positive emotions received here and now is undoubtedly a profitable investment than a ghostly profit from money set aside for the future. Naturally I'm talking about family fun, not personal. I spend a small percentage of money from signature campaigns or other unplanned income on personal entertainment.

saving a lot myself as well. the only i would gamble are the ones i earn here in the forum. i rarely bet $50 for a match that i think i will win like the fight of connor and poirer and i lose. if i have to spend my money from the income i get from my job, its usually for my kids and my bills.  there is nothing to spend unless my friends come and spend for me and drink beer which i'm already ashamed they are the ones buying my beer.

i don't budget for my gambling because i don't spend a lot. can't remember i spend $100 but that was the time BTC goes $20k for the first time.

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