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

[poldanmig]

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.

Financial management in gambling is very important to be able to maintain the financial stability we have, gambling has a strong appeal to spend the money we have, so if we can't control it properly it will certainly make us bankrupt and fall into poverty, I'm as a person an inactive gambler, usually I only allocate money to gamble around $50 on the site and I only gamble with football bets, indeed sometimes I try to play slots but I don't bring more than $10 for the game.

[1715450834]

1715450834

[1715450834]

1715450834

[samcrypto]

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.

That could be a great income a month especially here in my place and I’m sure you’re living on a good position having such monthly account but then again, you should always bet depends on what you can afford to lose and it should be your extra money. With that Monthly income, I can bet for a least $200 a month which I think is already fine for me to enjoy gambling and still have extra for some activities. You should know how to budget your income so you wont lose that much, and become a real rich someday.

[Gozie51]

Gambling is always comes with a high risk, because it is possible to never earn money or may lose money too. So if ever I have earn $2000 dollars a month, I will set aside my money first by saving it to cover all the daily needs of my famiy and emergency expenses.Then maybe I will bet 10% or 20% of my remaining money for gambling.

It is easier to say like that than doing it. Most people who have won big cash out or have been winning in gambling end up putting back huge part or all of the money into the bet with the hope for bigger win but luck go out of them and they lose. So it is not easy especially if it is an addict except you are a one time player that just played for fun by that way you may succeed not to play more.

[Fredomago]

I allocate no more than $100 to gambling regardless of my monthly earnings. I can afford to gamble or bet on a sporting event a couple of times a month. Some month I don't gamble at all. It depends on my mood. But if I lose $100 in 30 minutes of play I never make a deposit - it's kind of a rule I don't break.

That's really great if you are disciplined in gambling and have allocated a fixed amount for gambling. Do you gamble 100$ in a single game or allocate a certain maximum amount in each bet ? Also i would like to know how much you are able to win monthly with 100$. Do you take out the profits out of gambling or add them in your gambling portfolio ? If you can share your good experience, it will be better for others to learn from your experience.

If understanding the gesture of his post, he mentioned that it depends on his moos, he can quickly lose that amount in an hour or in a day but he's just pointing out that $100 is the amount that he can afford to lose not sure though if that limits is for how long, but kidding aside, it's really important to have that kind of attitude when you are in this industry. Gambling is addictive. If you can't control your emotion, it will result in an unlikely outcome.

[bekti3]

If I get an income of $2000 dollars, then I will prioritize daily needs, bills, and other necessities, but I guess there will still be 30% left. So 15% can be used for savings and 15% can be used for gambling. $300 is a sufficient amount for gambling and if I can win then I will have more money to buy something I want (or just to save), but if I lose then it's okay.

this is a good thing but besides that $300 is enough because maybe you are not very deep in gambling and it is only used to relieve boredom after a month of tired work
But for gamblers who are still addicted I feel this is certainly not enough for them because indeed there are even more than that maybe even $300 will only run out in a week or two.

but it is very good that you do percentages and calculations so that you can allocate from your monthly funds

[carlfebz2]

If I get an income of $2000 dollars, then I will prioritize daily needs, bills, and other necessities, but I guess there will still be 30% left. So 15% can be used for savings and 15% can be used for gambling. $300 is a sufficient amount for gambling and if I can win then I will have more money to buy something I want (or just to save), but if I lose then it's okay.

this is a good thing but besides that $300 is enough because maybe you are not very deep in gambling and it is only used to relieve boredom after a month of tired work
But for gamblers who are still addicted I feel this is certainly not enough for them because indeed there are even more than that maybe even $300 will only run out in a week or two.

but it is very good that you do percentages and calculations so that you can allocate from your monthly funds

$300 spending on monthly basis even you do have that 2k salary is something that I wont really be doing so yet its already a big amount for me to spent out on monthly basis which i could make it use on
other purpose which would really be beneficial for me in long term but if we do really talk about spending then i would surely spent less.

For people who do loves gambling that much then they wont really be minding about on how much they do spent as long they do know that theres money flowing or income that they do have.

but honestly it isnt really that compulsory to gamble and even if you do have that monthly income but still it is sensible on saving up.

[passwordnow]

this is a good thing but besides that $300 is enough because maybe you are not very deep in gambling and it is only used to relieve boredom after a month of tired work

In some countries, $300 is already a lot. Whether a person is deep or not in gambling, allocating this amount based on what he thinks is essential, he should really prioritize their needs and that's a good thing.

But for gamblers who are still addicted I feel this is certainly not enough for them because indeed there are even more than that maybe even $300 will only run out in a week or two.

but it is very good that you do percentages and calculations so that you can allocate from your monthly funds

It depends on how long that amount shall stay. There's a chance that it can also stay for long if they're winning with that amount and it's enough IMO.

[BITCOIN4X]

I had a bad habit of gambling before where I could spend 50% more of my total income on gambling without considering my daily needs. I really suffered financially from it, but in the end I have been able to control it for the better in recent years. Now that 10% of the total income seems big for me to bet, I don't want to repeat the same mistake and I will stick with this decision.

I know that $2000 is not a huge amount for a country whose currency is much more valuable than many other countries. But of course that's a lot of money in my country so it doesn't make sense to spend $2000 if we don't have $10,000 as income. I no longer bet more than $100 per month, this is totally safe for my finances.

[bekti3]

this is a good thing but besides that $300 is enough because maybe you are not very deep in gambling and it is only used to relieve boredom after a month of tired work
But for gamblers who are still addicted I feel this is certainly not enough for them because indeed there are even more than that maybe even $300 will only run out in a week or two.

but it is very good that you do percentages and calculations so that you can allocate from your monthly funds

$300 spending on monthly basis even you do have that 2k salary is something that I wont really be doing so yet its already a big amount for me to spent out on monthly basis which i could make it use on
other purpose which would really be beneficial for me in long term but if we do really talk about spending then i would surely spent less.

For people who do loves gambling that much then they wont really be minding about on how much they do spent as long they do know that theres money flowing or income that they do have.

but honestly it isnt really that compulsory to gamble and even if you do have that monthly income but still it is sensible on saving up.

it goes back to everyone who doesn't and this is what everyone is measuring against because indeed as you said $300 is big enough but not big enough for addicts.

I think your input is quite good because instead of being used for gambling, it may be saved for savings or even invested.
but sometimes especially for addicts when eliminating gambling in their life it's like something is missing

[Lanatsa]

this is a good thing but besides that $300 is enough because maybe you are not very deep in gambling and it is only used to relieve boredom after a month of tired work
But for gamblers who are still addicted I feel this is certainly not enough for them because indeed there are even more than that maybe even $300 will only run out in a week or two.

but it is very good that you do percentages and calculations so that you can allocate from your monthly funds

$300 spending on monthly basis even you do have that 2k salary is something that I wont really be doing so yet its already a big amount for me to spent out on monthly basis which i could make it use on
other purpose which would really be beneficial for me in long term but if we do really talk about spending then i would surely spent less.

For people who do loves gambling that much then they wont really be minding about on how much they do spent as long they do know that theres money flowing or income that they do have.

but honestly it isnt really that compulsory to gamble and even if you do have that monthly income but still it is sensible on saving up.

it goes back to everyone who doesn't and this is what everyone is measuring against because indeed as you said $300 is big enough but not big enough for addicts.

I think your input is quite good because instead of being used for gambling, it may be saved for savings or even invested.
but sometimes especially for addicts when eliminating gambling in their life it's like something is missing

There's always a comparison in between people who are addicted and to those who aren't on which mindset will be totally different since they do know that they could
make out income on constant basis then they would be thinking off that they could earn and spending those parts or funds in gambling wont hurt them bad
and this is a common behavior of an addict which you cant really stop them on doing so since they do know that they have money inside of their pockets
and they would bet as much as they could.

[boyptc]

Financial management in gambling is very important to be able to maintain the financial stability we have, gambling has a strong appeal to spend the money we have, so if we can't control it properly it will certainly make us bankrupt and fall into poverty, I'm as a person an inactive gambler, usually I only allocate money to gamble around $50 on the site and I only gamble with football bets, indeed sometimes I try to play slots but I don't bring more than $10 for the game.

In gambling it's bankroll management.

But it's true that it's very important when you gamble because you may find it unnoticed when you're also touching the funds that you shouldn't. This happens most of the time to many gamblers.

Because they are not monitoring and checking themselves if they're still gambling with their budget on their bankroll, they're falling into the trap of spending funds that they shouldn't.

Like a casual gambler, you have small amount to gamble with and that's good and it means that you are still in control.

[Quidat]

Financial management in gambling is very important to be able to maintain the financial stability we have, gambling has a strong appeal to spend the money we have, so if we can't control it properly it will certainly make us bankrupt and fall into poverty, I'm as a person an inactive gambler, usually I only allocate money to gamble around $50 on the site and I only gamble with football bets, indeed sometimes I try to play slots but I don't bring more than $10 for the game.

In gambling it's bankroll management.

But it's true that it's very important when you gamble because you may find it unnoticed when you're also touching the funds that you shouldn't. This happens most of the time to many gamblers.

Because they are not monitoring and checking themselves if they're still gambling with their budget on their bankroll, they're falling into the trap of spending funds that they shouldn't.

Like a casual gambler, you have small amount to gamble with and that's good and it means that you are still in control.

Handle your finances well because if not then you would be fucked up by gambling.Gamble on the amount which you can afford to lose because if not then you would really be experiencing
problems which in related with gambling addiction.You would make use of those money which are intended or allocated for savings or emergency funds and if you dont have a good
control of yourself then you would really be ending up on spending those funds which it isnt a right thing to be done.

[johhnyUA]

b]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?[/b]
Please use the amount as a basis for your answer.

This is not the first topic with such question. I had told this few times before, but should repeat: Do not spend more like 10-15 % of your earnings on gambling. With 2000 dollars it will be like 200-300 dollars per month. If you're spend bigger amounts, i thing you're a bit addicted to gambling.

[Ryker1]

b]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?[/b]
Please use the amount as a basis for your answer.

This is not the first topic with such question. I had told this few times before, but should repeat: Do not spend more like 10-15 % of your earnings on gambling. With 2000 dollars it will be like 200-300 dollars per month. If you're spend bigger amounts, i thing you're a bit addicted to gambling.

Well even that amount is too much in gambling, as for my side, I can only allocate not more than 5% per month and it should not exist to 10%.
People have priorities in life and you should not focus on gambling only, it is just an entertainment win or loses that is fine as long as you are happy but it would be better if you will always win per match because for me --nobody wants loses. I know people are very skeptical when it comes to gambling most especially if the money from your hard work, you should value everything you have spent.

[batang_bitcoin]

This is not the first topic with such question. I had told this few times before, but should repeat: Do not spend more like 10-15 % of your earnings on gambling. With 2000 dollars it will be like 200-300 dollars per month. If you're spend bigger amounts, i thing you're a bit addicted to gambling.

That amount is already acceptable but IMO, someone who's addicted to gambling will really rely on how much he gambles. Maybe that person who spends that much can be said as addicted but also, in small amounts, someone can also be addicted.
If he's doing that everyday and most of the time, despite doing it with a small amount but the activity has increased overtime, that can also be considered as addiction.

[Japinat]

This is not the first topic with such question. I had told this few times before, but should repeat: Do not spend more like 10-15 % of your earnings on gambling. With 2000 dollars it will be like 200-300 dollars per month. If you're spend bigger amounts, i thing you're a bit addicted to gambling.

That amount is already acceptable but IMO, someone who's addicted to gambling will really rely on how much he gambles. Maybe that person who spends that much can be said as addicted but also, in small amounts, someone can also be addicted.
If he's doing that everyday and most of the time, despite doing it with a small amount but the activity has increased overtime, that can also be considered as addiction.

It's okay to gamble on a daily basis as long as you stay with your limit, going beyond that will already result in a problem unless you are very profitable in gambling which is not the case for most of us since we know that gambling sites are profitable and we are just most likely losers.

We don't talk about winning here, most of the time we talk about losing that's why it's necessary to have a certain budget in gambling so it will not affect the entirety of our life if we lose.

[Taskford]

This is not the first topic with such question. I had told this few times before, but should repeat: Do not spend more like 10-15 % of your earnings on gambling. With 2000 dollars it will be like 200-300 dollars per month. If you're spend bigger amounts, i thing you're a bit addicted to gambling.

That amount is already acceptable but IMO, someone who's addicted to gambling will really rely on how much he gambles. Maybe that person who spends that much can be said as addicted but also, in small amounts, someone can also be addicted.
If he's doing that everyday and most of the time, despite doing it with a small amount but the activity has increased overtime, that can also be considered as addiction.

It's okay to gamble on a daily basis as long as you stay with your limit, going beyond that will already result in a problem unless you are very profitable in gambling which is not the case for most of us since we know that gambling sites are profitable and we are just most likely losers.

We don't talk about winning here, most of the time we talk about losing that's why it's necessary to have a certain budget in gambling so it will not affect the entirety of our life if we lose.

Majority think about having fun while trying to hit the jackpot at some point so its not surprising to see people who doesn't care to lose at some point since we can see some whales just do this for the sake of excitement or entertainment. But we cannot also eliminate the fact that many newbies try to earn with it but end up miserable since they bet all the money they have and feel depress after they lose.

[nurilham]

Of course, if we are in normal situations, we will be able to think clearly and don't bet more than we can afford.
However, it seems that this does not apply or is difficult for gamblers who are affected by gambling addiction to practice. Especially for addicted gamblers, they will continue to bet and bet continuously, even they often borrow debt because they still want to gamble. This is because in their mind they can win one more time and end up losing and losing again.
And they are not aware of how much they have spent on gambling.

Therefore, if we want to enter the world of gambling, limit ourselves by having good management of our emotional stability, finances, and our desire to gamble.

[goinmerry]

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 don't have that kind of principle. Any betting amount should be treated seriously be it low or high. That kind of principle for me will just make gamblers not be serious about winning. While having that kind of mindset, they didn't realize that amount afford to lose is now getting bigger and bigger in total.

For a $2,000 monthly income, there's no specific range amount that I will put on gambling. I will gamble whenever I'm feeling it regardless of anything.

[chaser15]

Therefore, if we want to enter the world of gambling, limit ourselves by having good management of our emotional stability, finances, and our desire to gamble.

I think that was already common. If we gamble, be responsible enough on the way.

To answer OP's question, the same with others, I can't say how much I'm willing to spend on that $2,000 capital. But one thing is for sure, I will not use all of it just to gamble as it was an insane action. I will just try to do my best to win at any sessions to fully maximize my given capital that I will use on gambling. It won't be hurt to use up to $100 just for gambling purposes and will do the progress slowly but surely.