Don't bet more than you can afford to lose.

[coin-investor]

We always read the words "Don't bet more than you can afford to lose", but are we really following that safe principle in gambling?

So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.

I always go on a percentage basis so if I'm earning $20k a month although it's already a huge amount of money here in our country I'll allocate 15% to my gambling activity but will have an additional 5% in case that 15% did not reach a month but I will not go beyond that if we are going to follow that principle "Don't bet more than you can afford to lose", we must be dedicated to that principle and have control on how we gamble.

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[Vaskiy]

I'm a problem gambler, I haven't set any limit. I've suffered big loss out of gambling, yet I used to spend big which means go out of control. Yesterday I lost three weeks campaign payment on Dice. I never intend to spend the entire amount, but when my predictions go wrong my intention to recover the lost funds make me go further emptying the wallet.

[sunsilk]

We always read the words "Don't bet more than you can afford to lose", but are we really following that safe principle in gambling?

So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.

5%-10% is what I can spend on it.

In that case for $2k that will be $100 for 5% and $200 for 10%. That's my standard but it can change anytime based on my mood because sometimes I'm too emotional and I can't stop myself when something triggers me.

Especially when I'm in a losing streak and I guess everyone is having the same problem as me. That's why I'm just controlling it at the beginning and won't go further as much as I can.

[Sled]

We always read the words "Don't bet more than you can afford to lose", but are we really following that safe principle in gambling?

So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.

10-20% that is something enough, I can't bet more than that amount.
It is something we need to be wise in terms of spending our hard earn money because $2,000 is not huge enough to make our leisure, that unless if it was net income of the family. But even it looks like that, gambling addiction should be minimized and should be controlled. It was common wrongdoing that gamblers will bet more than the earnings they've got.

[BuNga_cute]

I'm a problem gambler, I haven't set any limit. I've suffered big loss out of gambling, yet I used to spend big which means go out of control. Yesterday I lost three weeks campaign payment on Dice. I never intend to spend the entire amount, but when my predictions go wrong my intention to recover the lost funds make me go further emptying the wallet.

I'm sorry for what happened to you, sometimes we have trouble controlling ourselves when gambling. What you have experienced must have
been experienced by many other gamblers too, the most important thing is that you can learn from your mistakes  and don't repeat them again.
Next time you are going to gamble you have to learn to limit the amount of capital you will use to gamble, so you will not experience big losses.
I understand how it feels when you lose playing Dice, it feels like you really want to chase the win and manage to cover our previous losses.
But we must understand that any gambling game, in the end we will lose if we chase victory. So don't be obsessed with winning when playing
gambling, think of it as entertainment, that way it's easier for us to control ourselves when gambling.

[ralle14]

If i'm earning around $2000 a month then I don't mind spending 10% or more if I find a profitable promotion like the Live Casino Hero for example since the expenses here in my place would go for like $400-$600.

On the other hand, I don't deposit monthly so it really depends on the time and situation if i'm really down to gamble and spend more or stick with my remaining balance since there are times where i'd still have some money left due to bonuses and other rewards.

[Wexnident]

It depends on the monthly expense that I do? As well as whatever I'm planning to earn money up for. I have a lot of factors that I take into account when trying to allocate my budget when gambling, but I usually don't exceed 10-20% of my monthly salary. Heck that's already pretty big imo but I rarely gamble anyway, I don't try to make it a habit to do it monthly, I just rarely do it at times whenever I want to so I don't mind going that high. Maybe once per three months maybe? Though again, that is dependent on my mood.

Though you said you rarely gamble and you do not look like a gambling addict but it is not right to set a goal or goals by thinking of making money from gambling, this is not right, it can lead to money loss even if you are not an addict.

Uhm what? I never said anything about making money from gambling though? If you were talking about setting an amount to gamble with, well, that's a lot better than NOT setting an amount imo? I purely gamble cause I want to, I don't expect to get anything back from it since that'd be, well, dumb. Any winnings I get is a welcome surprise but that's it, I don't actively try to hope for one (though I guess wishing to win is part of playing any game?).

[uneng]

2000$ a month is a lot of money in my country. It's an enough amount to live confortably, paying for daily expenses while having access to decent food products and brands, confortable home accessories, clothes, access to quality health professionals and leisure activities, where I could include gambling. So let's say the amount I would spend travelling, eating out, going to the movies, parks, etc... could be also used to gamble instead. Depending the month and my momentary necessities I would choose one or another. Anyway, I believe at least 20% of that monthly budget could be used for this kind of activity, because leisure really matters for me.

[Fundamentals Of]

How could we provide you the answer when we don't know the specific circumstances of your life?

We should not be setting aside a fix percentage of our income for gambling. If you have $2,000 salary per month, the first question you would ask is that, how much is my expenses for the needs? We all have different needs. If you have a family of 5, $2,000 might just be enough that you won't have anything left for gambling. But if you are living alone, do not pay a rent, do not have any bills or mortgages to pay, you could spend a good amount for gambling.

What is definite is that your gambling expenses should be taken from your extra savings. Never compromise your savings, much less your needs, for gambling.

[hahay]

Even though I have a salary every month whether it is small or large, I personally will not set what percentage of the funds I have to spend on gambling. If I am betting on sports, there will sometimes be moments where I will dare to spend a lot of money even though I have to be completely willing to lose. But if it's about $2000, then it's possible for me to only spend $300-$500 maybe for the initial capital, before finally spending half of it if I keep losing or decide to take a break. Also, if we have won with initial capital and are able to manage finances in gambling well, then it will make us no longer have to use the money generated from work or salary every month.

[xSkylarx]

Even though I have a salary every month whether it is small or large, I personally will not set what percentage of the funds I have to spend on gambling. If I am betting on sports, there will sometimes be moments where I will dare to spend a lot of money even though I have to be completely willing to lose. But if it's about $2000, then it's possible for me to only spend $300-$500 maybe for the initial capital, before finally spending half of it if I keep losing or decide to take a break. Also, if we have won with initial capital and are able to manage finances in gambling well, then it will make us no longer have to use the money generated from work or salary every month.

Agree but this also leads to addiction but if ever we can control our self then it is good. If we are not investing into something business to earn back profit we usually run into gambling as we try our luck if we could win the pot money as it is big, imagine you will have a chance winning it but the chance is pretty low but if you got lucky then that is really good that is the only time we can left our work and start a huge business as we do have enough capital. That $500 capital is really huge in our country so that would be a grate start.

[Cling18]

We always read the words "Don't bet more than you can afford to lose", but are we really following that safe principle in gambling?

So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.

As for my way of living, 5% would be enough to allocate to gambling. I've been applying that principle for a long time because if not, I will be the one who will regret it in the end. It's just a matter of self-control and self-discipline. It's fine to enjoy gambling but we should know our limits and just spend the amount that we allocated on it.

[Dewi Aries]

Ok if my income is $2000 a month the first thing i do is complete all the needs including bills and for life then I will use 50% of my remaining expenses to gamble this amount is not fixed because sometimes my needs are different every month. there may be another question, are you not saving?
yes i save from side income side income includes from several things , advertising, forums and business. sometimes the pattern can change, for example I only use the income from the forum to gamble.

[Strongkored]

We always read the words "Don't bet more than you can afford to lose", but are we really following that safe principle in gambling?

So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.

$2,000 is big enough for me and once it's been deducted with all my living expenses it still big, but I'm not going to use more than 10% of that money, I more to sports betting with limited types of sports so 10% from $2,000 is enough to meet my gambling needs, and that money I can afford to lose.

[aioc]

We always read the words "Don't bet more than you can afford to lose", but are we really following that safe principle in gambling?

So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.

It depends on the month usually the month of December and January is the month where casinos offer huge bonus and giveaways on your wager we can also include the anniversary month of the particular casino you are playing, this month alone I allocated more than 40% of my income and 30% of my yearly bonus, but on a regular month, I can only allocate 20% of my monthly income.

[traderethereum]

If I earn $2,000 a month, I can spend about 3%-5% on playing gambling but that depends on my financial conditions because I will not use that money to gamble if I need that money to cover my bills.
I prefer not to think much about gambling because that is a secondary thing in my life and I prefer to try to fill the main things for my life and then I can go to the next things.
Besides that, I am worried about using more money to gamble, especially if I lose all of the money I deposited before.
But $2,000 in a month is big money as the revenue for many people to tend to spend more than 10% playing gambling, especially if they are already addicted to gambling.

[Maslate]

If I earn $2,000 a month, I can spend about 3%-5% on playing gambling but that depends on my financial conditions because I will not use that money to gamble if I need that money to cover my bills.
I prefer not to think much about gambling because that is a secondary thing in my life and I prefer to try to fill the main things for my life and then I can go to the next things.
Besides that, I am worried about using more money to gamble, especially if I lose all of the money I deposited before.
But $2,000 in a month is big money as the revenue for many people to tend to spend more than 10% playing gambling, especially if they are already addicted to gambling.

It also depends on your purpose in gambling, if you are just gambling for fun then most probably you will not spend like 10% of your income and higher, but if you are gambling with the purpose to be successful (which is not impossible), then you will surely set an amount that would be able to give you a decent win in case you succeed.

[delfastTions]

It also depends on your purpose in gambling, if you are just gambling for fun then most probably you will not spend like 10% of your income and higher, but if you are gambling with the purpose to be successful (which is not impossible), then you will surely set an amount that would be able to give you a decent win in case you succeed.

Here you still need to take into account the character and willpower of the person who decided to gamble.  If everything were that simple, I lost 10% and stopped.  This is not always the case in life.  Alas!  If everyone followed such a strategy, then there would be no gambling addicts losing fortunes and being a grief for their families.  Of course, most of the players can stop in time, but among people there have always been and will be 1-2% of those who cannot cope with their passion for the game, gamblers.
  And this is worth considering.

[lienfaye]

So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?

The $2k income for a month is huge enough already to sustain the needs of my family for the whole month. So what I will do is I will set aside first the needed expenses for food, bills, transpo and the budget for wants of my kids. I can probably save 40% as my savings and will set a 5% for my own leisure since I only gamble during off to my work and with limitation. Im not after to win big because what matter to me is to entertain myself. But of course who dont want to win in gambling right? Its just that im not hoping too much.

[bitzizzix]

$2000 is a huge income for me and what I need for a month will pay off and even more, and maybe the rest I will use to gamble.
because I am not an active gambling player then I will use about 5%-10% to play gambling for fun and fill my spare time which I think is that big I will not feel a loss if I lose and if I win is luck, and other reasons because I have steady and full time job that does not allow me to actively play gambling every day. so just in free time only and 5%-10% seems appropriate.