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

[passwordnow]

$100 or $200 may not be too much for some people.
However, gambling addiction cannot only be measured by how much you spend every day or every month on gambling, it is also measured on how frequent you gamble.
Usually, a person will never know when he's addicted or not, because we always believe that we gamble normally even If it means that we don't have time for different thing other than our day jobs or business.

That's the truth and if somebody sees the sign that they're also addicted, they won't admit it and will reject the criticism that has been brought to them. That's the reality from those gamblers that deny their addiction.
As for gambling frequently, it will make you addicted but I also believe that someone who does it frequently and has planned it always on how much he's going to spend and he's aware of that, I think it's hard to judge if he's addicted or not because he still has the control to himself and understands what he's doing.

[mv1986]

Personally, I believe that if a person spends no more than $100 a month on gambling is the first sign that he does not have a gambling addiction and is quite able to control their budget. It happens that I spend $200 on gambling but I always split this amount into two different deposits and do not allow myself to spend more than $100 per day.

I think that is way too much unless your monthly income is $10k+.

You shouldn't allocate more than 5% of your income to gambling. You should treat it as an expense because you are mathematically guaranteed to lose it all given that you play with the funds for long enough.

Would you spend $200 a month on movie tickets?

Probably not.

Have the right mindset.

$100 or $200 may not be too much for some people.
However, gambling addiction cannot only be measured by how much you spend every day or every month on gambling, it is also measured on how frequent you gamble.
Usually, a person will never know when he's addicted or not, because we always believe that we gamble normally even If it means that we don't have time for different thing other than our day jobs or business.

I would also add that it is not only about the money you use for gambling, but also time! Imagine you have under control that you only gamble with $200 at maximum every single month. But you go back and forth with winning losing, spending one third of your lifetime gambling. Are you addicted or not? Time is a very important variable I think that should definitely be considered. There are many other things in life that could suffer from being neglected no matter how much or less you spend on gambling.

Or take your mood: let's say you lose $200 in a day and are done for the month, is everything cool with your inner mood? Are you the same person on that day or are you frustrated? What if you are frustrated that day and people get to feel your frustration because you are able to control your budget, but not your mood? There are a couple of angles that must be considered as part of this discussion in my opinion.

[ajochems]

Personally, I believe that if a person spends no more than $100 a month on gambling is the first sign that he does not have a gambling addiction and is quite able to control their budget. It happens that I spend $200 on gambling but I always split this amount into two different deposits and do not allow myself to spend more than $100 per day.

I think that is way too much unless your monthly income is $10k+.

You shouldn't allocate more than 5% of your income to gambling. You should treat it as an expense because you are mathematically guaranteed to lose it all given that you play with the funds for long enough.

Would you spend $200 a month on movie tickets?

Probably not.

Have the right mindset.

Based on your monthly income, you can inverse your on gambling. Actually investment in gambling will be made without any contradiction and investigation. So it will purely based on your luck. With a luck, you need to be patience to get a decent amount as your profit all the time.

[tippytoes]

Personally, I believe that if a person spends no more than $100 a month on gambling is the first sign that he does not have a gambling addiction and is quite able to control their budget. It happens that I spend $200 on gambling but I always split this amount into two different deposits and do not allow myself to spend more than $100 per day.

I think that is way too much unless your monthly income is $10k+.

You shouldn't allocate more than 5% of your income to gambling. You should treat it as an expense because you are mathematically guaranteed to lose it all given that you play with the funds for long enough.

Would you spend $200 a month on movie tickets?

Probably not.

Have the right mindset.

Based on your monthly income, you can inverse your on gambling. Actually investment in gambling will be made without any contradiction and investigation. So it will purely based on your luck. With a luck, you need to be patience to get a decent amount as your profit all the time.

Honestly, I don't consider investment when it comes to gambling. You can never be sure about the return of your money here. Unless, you are investing on the casino's bankroll where at least you can get some type of dividends. But if you are using your money to play, that's not investing but gambling. And the chance of losing it all is actually high if you don't know how to control your gaming habits.

[mv1986]

Personally, I believe that if a person spends no more than $100 a month on gambling is the first sign that he does not have a gambling addiction and is quite able to control their budget. It happens that I spend $200 on gambling but I always split this amount into two different deposits and do not allow myself to spend more than $100 per day.

I think that is way too much unless your monthly income is $10k+.

You shouldn't allocate more than 5% of your income to gambling. You should treat it as an expense because you are mathematically guaranteed to lose it all given that you play with the funds for long enough.

Would you spend $200 a month on movie tickets?

Probably not.

Have the right mindset.

Based on your monthly income, you can inverse your on gambling. Actually investment in gambling will be made without any contradiction and investigation. So it will purely based on your luck. With a luck, you need to be patience to get a decent amount as your profit all the time.

Isn't it also a lot about what's going on in the online gambling market? I prefer to place some bets when there are games that I am really excited about, especially big clashes between the huge teams. Or during the final 8 weeks in the Champions League season and so on. It is not so much about a monthly budget for me.

[Naficopa]

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 wonder how many people decide in advance how much to spend on gambling for the whole month  I don't think many people do it. Definitely not me.  However, if I had to look into my wallet and count how much of my income as a percentage is spent on gambling, it would be around 5% to 20% depending on whether I am lucky or not. Unfortunately, I am not a very responsible gambler and when I get angry I can lose too much.

[goinmerry]

Personally, I believe that if a person spends no more than $100 a month on gambling is the first sign that he does not have a gambling addiction and is quite able to control their budget. It happens that I spend $200 on gambling but I always split this amount into two different deposits and do not allow myself to spend more than $100 per day.

Not true. There are gamblers who are losing $5,000 - $10,000 a month, just an example. but still, they can't consider themselves as already addicted to gambling. It's just that they really love gambling and that's their passion, activity, hobby. Maybe if they will be out of character after losing such, that's the time we can call them under the influence of addiction that now needs serious treatment.

[aesma]

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.

From $2000 a month, certainly no more than $200. And since that would probably cover a lot of what someone can spend on leisure, that amount should last for the month. So something like 5$ a day and 10$ on Sundays.

Now if you have a girlfriend or worse kids, then that's definitely too much, you need to spend money on them first.

[sovie]

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 think there are countries where $2k a month is more of an average salary, and there are places in the world where the same amount will make someone rich. The point is that the cost of living in poor countries is low, so paradoxically the poor can afford to spend more on gambling than someone who lives in a highly developed country.
Even so, I think it's best to use common sense and not to spend more than 10% of income.

[coco23]

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 think there are countries where $2k a month is more of an average salary, and there are places in the world where the same amount will make someone rich. The point is that the cost of living in poor countries is low, so paradoxically the poor can afford to spend more on gambling than someone who lives in a highly developed country.
Even so, I think it's best to use common sense and not to spend more than 10% of income.

I find 10% of your income a pretty high number for gambling. As you write it also depends on your expenses, so I would rather say 5-10% of your free income (after having deducted your fix expenses such as tax, rent, car, food, ... from your income) is a more reasonable number. Also do you accumulate a "betting depot" where you re-invest your wins or you see it as a one time gamble so that you can live a bit better for a month?

[Gosgosking]

Not only the amount of salary will determine the amount of gambling that should be play always, sometimes too target on a game can make one play any amount of a game, if the person is really sure and convinced that he can win the game he may decide to play with any amount.

[pinggoki]

Not only the amount of salary will determine the amount of gambling that should be play always, sometimes too target on a game can make one play any amount of a game, if the person is really sure and convinced that he can win the game he may decide to play with any amount.

Or better yet, you don't gamble at all if you're worrying how much your salary is because whenever that happens, it's mostly likely that you're not paid enough for your work so why spend it in gambling when you can probably do something more worthy with that money more than anything else.

[michellee]

Not only the amount of salary will determine the amount of gambling that should be play always, sometimes too target on a game can make one play any amount of a game, if the person is really sure and convinced that he can win the game he may decide to play with any amount.

If you feel too confident winning the games, I am afraid that can make you lose money, no matter how much you use. You will not see clearly that it is wrong to continue playing instead of stopping from the games and saving your money. If you do not realize that you can not bet more than you can afford, that will be a matter of time you will lose everything you have. So before it is too late, it is better to stop while you still have time. Otherwise, you will regret it later, especially if you add more money to gamble.

[lienfaye]

Not only the amount of salary will determine the amount of gambling that should be play always, sometimes too target on a game can make one play any amount of a game, if the person is really sure and convinced that he can win the game he may decide to play with any amount.

Its gambling so we cant certainly tell to win the game. The reason why a gambler needs to set limitation in order to control the money that he/she will going to spend in gambling. Having a budget can help, the question is how often you gamble in just a month? Because if you often gamble, you might excess the limit or the budget you allocate for that particular month.

[Masplanc]

Gambling having the mindset that you will always  on the winning side is a big risk, though thinking positively is good. Always thinking you can win can make  one not to manage his money well. Gambling is planning and wisdom should be apply to it very well.

[Oshosondy]

Not only the amount of salary will determine the amount of gambling that should be play always, sometimes too target on a game can make one play any amount of a game, if the person is really sure and convinced that he can win the game he may decide to play with any amount.

Its gambling so we cant certainly tell to win the game. The reason why a gambler needs to set limitation in order to control the money that he/she will going to spend in gambling. Having a budget can help, the question is how often you gamble in just a month? Because if you often gamble, you might excess the limit or the budget you allocate for that particular month.

Many people have tried what lienfaye posted, they have huge amount and use it to gamble. I remembered a friend of mine that told me about his school fee money, he wanted to double it and use it to gamble after having no where else to see the money as he did not have job but depend on his parent at that time. He gambled with his school fee on an EPL match and just a single match, not accumulation. He lost and he was depressed. Using a large amount of money to gamble is uncalled for to be sincere.

[Davidvictorson]

Not only the amount of salary will determine the amount of gambling that should be play always, sometimes too target on a game can make one play any amount of a game, if the person is really sure and convinced that he can win the game he may decide to play with any amount.

Its gambling so we cant certainly tell to win the game. The reason why a gambler needs to set limitation in order to control the money that he/she will going to spend in gambling. Having a budget can help, the question is how often you gamble in just a month? Because if you often gamble, you might excess the limit or the budget you allocate for that particular month.

Many people have tried what lienfaye posted, they have huge amount and use it to gamble. I remembered a friend of mine that told me about his school fee money, he wanted to double it and use it to gamble after having no where else to see the money as he did not have job but depend on his parent at that time. He gambled with his school fee on an EPL match and just a single match, not accumulation. He lost and he was depressed. Using a large amount of money to gamble is uncalled for to be sincere.

On the core of gambling is the ability to regulate one's behaviour- not to go above the stop limit one has set for gambling. However, I don't think people from LMIC ever think of a drawing a gambling budget. Of course, one needs to earn enough money monthly to even have a budget. When I was in the university, one of the students who gambled so much. He even used his footwear to place a bet and lost. One a Sunday, committed suicide by hanging in his room.

[Masplanc]

Not only the amount of salary will determine the amount of gambling that should be play always, sometimes too target on a game can make one play any amount of a game, if the person is really sure and convinced that he can win the game he may decide to play with any amount.

Its gambling so we cant certainly tell to win the game. The reason why a gambler needs to set limitation in order to control the money that he/she will going to spend in gambling. Having a budget can help, the question is how often you gamble in just a month? Because if you often gamble, you might excess the limit or the budget you allocate for that particular month.

Many people have tried what lienfaye posted, they have huge amount and use it to gamble. I remembered a friend of mine that told me about his school fee money, he wanted to double it and use it to gamble after having no where else to see the money as he did not have job but depend on his parent at that time. He gambled with his school fee on an EPL match and just a single match, not accumulation. He lost and he was depressed. Using a large amount of money to gamble is uncalled for to be sincere.

That is a big risk some people take thinking they can just get money, which is not so. Gambling is a game that is unpredictable ,people have to understand that and to use money to play gambling which they can afford.  Some persons are deceived by their mind that they can make it by all means.

[_BlackStar]

That is a big risk some people take thinking they can just get money, which is not so. Gambling is a game that is unpredictable ,people have to understand that and to use money to play gambling which they can afford.  Some persons are deceived by their mind that they can make it by all means.

I think it's much more understandable if you say don't gamble greedily. It is true that being greedy in gambling is much worse after losing quite a lot. You should never gamble without controlling your emotion and the amount of money you will spend, it is the fastest way to get into trouble with gambling. A gambler is encouraged to gamble responsibly and that should be understood by all gamblers.

The logic is that gambling is a game between winning and losing. It still depends on the luck factor and house edge so we can't be too sure we can win without considering the risk of losing.

[bitterguy28]

Not only the amount of salary will determine the amount of gambling that should be play always, sometimes too target on a game can make one play any amount of a game, if the person is really sure and convinced that he can win the game he may decide to play with any amount.

Its gambling so we cant certainly tell to win the game. The reason why a gambler needs to set limitation in order to control the money that he/she will going to spend in gambling. Having a budget can help, the question is how often you gamble in just a month? Because if you often gamble, you might excess the limit or the budget you allocate for that particular month.

Many people have tried what lienfaye posted, they have huge amount and use it to gamble. I remembered a friend of mine that told me about his school fee money, he wanted to double it and use it to gamble after having no where else to see the money as he did not have job but depend on his parent at that time. He gambled with his school fee on an EPL match and just a single match, not accumulation. He lost and he was depressed. Using a large amount of money to gamble is uncalled for to be sincere.

That is a big risk some people take thinking they can just get money, which is not so. Gambling is a game that is unpredictable ,people have to understand that and to use money to play gambling which they can afford.  Some persons are deceived by their mind that they can make it by all means.

You know what brings them there? it is the Greediness that makes them have that thinking , the idea of they always looking for winning but the reality they are losing most of the time.
and also why would we consider Gambling a place where we can earn when obviously losing is what we've got most of the time?

The title says if completely that we will only gamble the amount we can afford to lose like what in Investing this is the common advise we receive to invest what we can afford to lose.