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

[Wexnident]

There's a 50/30/20 and 70/20/10 rule in money, but what I do is I only spent 10% of my total income every time I receive my salary. The urge on spending your money on your wants is very very uncontrollable if you don't know how to save money. In your given example, if I'm earning $2000 monthly, I would only spend the 10% of it in gambling, it's only gonna be a ln entertainment type of gambling because once you treat it as your source of income, the rest of the remaining money would vanish.

Huh, I know about the 50/30/20 one but the 2nd one was completely new to me. Heck I even tried to look it up but it's about learning instead of income management? Or maybe it's just used in general, but hey, good to know. I usually use the first one but the 30-20 part is almost always changing, most usually up to my mood since you know, it's not for certain that all the stuff I want to spend on would actually enter the range of that 30% part. I do usually follow the 50 part though, spending towards expenses that I really need to spend on.

[bering]

I want to joy from my gambling activity so to avoid being an addicted i will set the particular amount of money to spend and it usually 10% - 20% from my total earning and so far i don't push myself always to get money while gambling because I realize it's hard to making money steady from gambling and everytime i start gambling i want to enjoy every games played and if i lose then it's not more than no lucky when starting it

[khaled0111]

Gambling IMO adds to anxiety rather then giving you fun feelings. Imagine what fun you will get if you gamble and lose 100$ on weekend night? Its better to do some other stuff for fun like dining out, going on one day trip rather then doing gambling. Not many like me understand this unless they lose big in gambling.

Gambling can cause anxiety only and only if you think of it as a way to make profit and it can make rich overnight. Gamblers who think this way are the ones who spend more than they can afford to lose and who usually end up bankrupt.
If you think of gambling as what it was designed for, which is a means of entertainment and to have fun, you will not feel sad when you lose money because it's expected and you were willin to spend it not to double it. In any case, even dining out or going on a day trip costs some money, but you don't feel like you lost it because you spent it on something you like.

[ChiBitCTy]

Gambling IMO adds to anxiety rather then giving you fun feelings. Imagine what fun you will get if you gamble and lose 100$ on weekend night? Its better to do some other stuff for fun like dining out, going on one day trip rather then doing gambling. Not many like me understand this unless they lose big in gambling.

Gambling can cause anxiety only and only if you think of it as a way to make profit and it can make rich overnight. Gamblers who think this way are the ones who spend more than they can afford to lose and who usually end up bankrupt.
If you think of gambling as what it was designed for, which is a means of entertainment and to have fun, you will not feel sad when you lose money because it's expected and you were willin to spend it not to double it. In any case, even dining out or going on a day trip costs some money, but you don't feel like you lost it because you spent it on something you like.

Gambling certainly can lead to anxiety and a lot of stress.  I know a lot of people who take gambling way too seriously and it can certainly put you in a lot of bad situations, such as financially ruining you.  However I don't think gambling only causes stress if you don't take too seriously.  Even if you're just gambling for a little bit of fun, it can still be pretty stressful to lose money.  Also I feel like I've lost money when I spend it on something I like, it's just a necessary evil so to speak.

[bekti3]

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.

so true. Their differences are even clearly visible.
on the other hand actually when you say about profits it's just wishful thinking because no matter how hard you work, no matter how strong your capital is there, of course, the results are already guessed, won't it
Not without reason because brands (gambling houses) are great businessmen and we will definitely lose to them.
So, don't gamble too much

[johhnyUA]

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.

Man, my respect to you. 5 % is really wise limit for money to gamble, and from my side, i just shown "the upper boundary" for any person who is not-addicted-to-gambling . 10-15 % is limit, if you spend amounts above, that means you need some help 

[milewilda]

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.

Man, my respect to you. 5 % is really wise limit for money to gamble, and from my side, i just shown "the upper boundary" for any person who is not-addicted-to-gambling . 10-15 % is limit, if you spend amounts above, that means you need some help 

Even 10% would really be already high if we do consider out on having a sensible gambling on where we do only spent out % which wont really be going above with those numbers which i would say a must thing to be done for everyone so that you wont really be ending up on having a gambling problem when it comes to finances. Spent on the amount which you can afford to lose and
dont tend to go beyond with those budget you do have.Neither you are winning or lossing then you should stop and stick to those limits.
Dont let your greed control or overcome you so that you wont really be having problems.

[madnessteat]

It seems to me that the addiction is expressed not in the amount of money that a person can allocate for gambling and the periods between deposits in the casino and its obligations. If a person replenishes a deposit immediately after losing a game in an attempt to win back the lost funds, the likelihood that he is already a gambling addict is very high. A person who needs to feed his family is unlikely to allocate for gambling more than 10-15% of his income and a young man living alone can spend and 30-40% of his income and quite happily live on the remainder.

[johhnyUA]

Even 10% would really be already high if we do consider out on having a sensible gambling on where we do only spent out % which wont really be going above with those numbers which i would say a must thing to be done for everyone so that you wont really be ending up on having a gambling problem when it comes to finances. Spent on the amount which you can afford to lose and
dont tend to go beyond with those budget you do have.Neither you are winning or lossing then you should stop and stick to those limits.
Dont let your greed control or overcome you so that you wont really be having problems.

Can't agree. 10 % is an amount per month, so from OP condition about salary of 2000 dollars, this will be like 50 dollars per week (200 / 4 ). Not so much, yeah?

For example, in Bitcoin poker series buy in was like 20-25 dollars. So 50 dollars per week is one poker tournament and few iteration on slots. 

[fullhdpixel]

But did you know that many people just start to gamble but got addicted, I think there are some developments to help new gamblers in a way they will not get addicted, but the development is far less commonly known to people compared to gambling ads.

Out of $2000, using $100 to gamble is not a bad idea, I think it is still a good amount to gamble with if collect that amount, it is still just 5% of the original amount. If having such income too, I can still use up to the amount to gamble, but like I have said before, I can go for lesser amount like $30 too, It all depend on how the week is, but I won't go beyond $100.

The sad part about gambling addiction is that since it is not directly related to your health, there are less people checking it out and trying to figure out a way to help people. I mean don't get me wrong you could go to a psychologist and try to get help but if that was all it took for us to get better then there would not be any addictions at all.

The reality is that we are not going to end up with something properly helping people like other addictions, people who are addicted to smoking, drugs, drinking all get the help they need and they fail even with that much help sometimes, or maybe they get better whereas we are talking about nothing like that for gamblers and I feel like there should be some. Just because we are not dying right away, doesn't mean that gambling addiction is not bad. I personally got out of it with my own hard work, but I used to have hard time with it around 7-8 years ago as well.

[Hypnosis00]

Even 10% would really be already high if we do consider out on having a sensible gambling on where we do only spent out % which wont really be going above with those numbers which i would say a must thing to be done for everyone so that you wont really be ending up on having a gambling problem when it comes to finances. Spent on the amount which you can afford to lose and
dont tend to go beyond with those budget you do have.Neither you are winning or lossing then you should stop and stick to those limits.
Dont let your greed control or overcome you so that you wont really be having problems.

Can't agree. 10 % is an amount per month, so from OP condition about salary of 2000 dollars, this will be like 50 dollars per week (200 / 4 ). Not so much, yeah?

For example, in Bitcoin poker series buy in was like 20-25 dollars. So 50 dollars per week is one poker tournament and few iteration on slots. 

10 % is not a high amount unless you are really forced yourself to gamble despite the bills you have to pay. it's per month and not per bet, so there's a huge difference between the 2. that 10% of $2000 is $200, you can consider it as your bankroll in a month for whatever gambling games you are getting yourself busy with. Next month you can also top up with the same amount.

[Johnyz]

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.

Being greedy is a bad idea same thing with gambling out of your budget, which makes the situation more worst. $2000 monthly income is not small at all especially if you are in a 3rd world country so having that money should not put into gambling at as one time big time, maybe I can gamble for $100 only, because I’m not into gambling that much and I rarely gamble just for fun only.

[johhnyUA]

10 % is not a high amount unless you are really forced yourself to gamble despite the bills you have to pay.

If you have bills (or debts) to pay, you shouldn't gamble at all, your limit should be 0 % 
I think we are talking about situation when 2000 dollars is enough for your comfort living and you have some money to spend for entertainment.

And yeah, as i said previously, 10-15 % it's maximum limit

[hello_good_sir]

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.

Probably <$50.

It honestly depends on where you live and what your expenses are, though.

If you live in a super cheap country with insanely low living expenses you may be able to get away with playing with $100-200 per month, whereas if you live somewhere that is a bit more expensive you may not want to set aside anything for entertainment at all.

I also don't think that it's healthy to set a steady budget for gambling each month. Have a cap on your gaming volume but don't necessarily commit funds to it regularly.

[Silberman]

I understand and it's so true, instead of enjoying, sometimes it really adds anxiety, maybe you really feel bad because you lost eventhough the amount is really small or just that you can't afford to lose the money you gamble. In any case, still individual preferences in my opinion, maybe certain people can make $2k a month and then play $1k in gambling or $100. Personal experience though, I usually don't lose big, $50 is enough for me to gamble like every month.

You're good, and the best thing I find is the betting amount. You've got the ability to restrict yourself within the $50 which is really good. Myself have the same mentality, but I wasn't able to keep myself within control. Two days back set a limit of making just $1. In the event of making $1, I lost $135. Started with $1 and it counted when the bets continued to loss. If I've got your mind I could've saved $85

In a way this kind of common, after all it is not rare for a person to tell themselves they will only gamble a specific amount of money and then on the heat of the moment they decide to gamble a lot more than what they wanted, and then once they suffer big losses they regret what they did, it is because of this that it is important to never deposit at the casino more money than what you plan to gamble during that session, so you can avoid scenarios like the one you are pointing out.

[goaldigger]

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.

Being greedy is a bad idea same thing with gambling out of your budget, which makes the situation more worst. $2000 monthly income is not small at all especially if you are in a 3rd world country so having that money should not put into gambling at as one time big time, maybe I can gamble for $100 only, because I’m not into gambling that much and I rarely gamble just for fun only.

That’s why you have to spend the money properly because in gambling if you carried away and don’t know how to budget and control yourself, you can lose that all money and you’ll keep on doing that every Month which is not healthy anymore. If you want to become successful in life, you have to manage your money properly and spend it wisely, gambling should not be your priority, this is also the lesson I’ve learned living on a not so much country where opportunity is less.

[kotwica666]

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.

In my opinion, it is also very important how often you play during the month.
We can assume that you only play once a month, or that you can allocate a certain sum for all the times you play during that month.
It is also very important what your expenses are and how much of this sum you are able to save per month.
Of course, a lot depends on what part of the world someone lives in, so probably almost everyone will answer differently.
As for me, with an income of $2000, a safe amount that I could lose is around $250 (I think that 10% should be acceptable for everyone). If I lost $500 it would be quite unpleasant for me.

[DoublerHunter]

10 % is not a high amount unless you are really forced yourself to gamble despite the bills you have to pay.

If you have bills (or debts) to pay, you shouldn't gamble at all, your limit should be 0 % 
I think we are talking about situation when 2000 dollars is enough for your comfort living and you have some money to spend for entertainment.

And yeah, as i said previously, 10-15 % it's maximum limit

^ This is a very clever move and definitely right, why you need gamble if you have those priorities and responsibilities that need to pay in order to have a comfortable living. This is why entertainment or any extra activities should always be behind on your priorities because we need to live first. People have a miserable life because of gambling, they have ruined their life because of gambling because they don't have a control on it. Though gambling is good if you know how to put control yourself and you will be fine.

[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.

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.

Yes, nothing wrong if you bet as much as you can on a daily basis but make sure that it's intact with the budget your set. But if you're going wrong and you're gambling too much, you have to change your activity and lessen it if it's already affecting your tight budget.
It's where many gamblers are caught wrong when they gamble on a daily basis and when they're out of funds, they'll still continue and use the budget that's out of their plans.

[harizen]

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?

In my case, it's not that a decent amount that sometimes I'm putting at my bet is I afford to lose but whenever I feel it and do think that the chances of my winning are high, I'm really a risk-taker.

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.

Based on the given amount, for example, it still depends on how much I want to want to put in on a given bet. Let's say for example, I was attracted by good odds, I'm willing to bet up to $100 on it regardless of my capital.

I don't have the principle of betting just the amount I afford to lose. I will bet at any amount and besides, I'm always serious at my analysis.