"The Lower-Risk Gambling Guidelines" Is this a joke?

[coin-investor]

IMO it's useless advice. Even if a gambler plays many types of games, it won't matter as long as he knows the limit, guidelines 1 & 2.

What do you think?

In the first place, you are playing to be entertained and enjoy your time in my case how can I enjoy it with $2 based on my computation on the percentage you provided, and 4 times a month, even if you are a risk-free gambler I don't think you will accept that allocation, it may be a lower risk gambling but if you are comfortable with your losses and you're gambling for fun you can allocate whatever amount that is comfortable to you and you are in a lower risk bracket.

[1715302882]

1715302882

[Mahanton]

IMO it's useless advice. Even if a gambler plays many types of games, it won't matter as long as he knows the limit, guidelines 1 & 2.

What do you think?

In the first place, you are playing to be entertained and enjoy your time in my case how can I enjoy it with $2 based on my computation on the percentage you provided, and 4 times a month, even if you are a risk-free gambler I don't think you will accept that allocation, it may be a lower risk gambling but if you are comfortable with your losses and you're gambling for fun you can allocate whatever amount that is comfortable to you and you are in a lower risk bracket.

All matter with preference and just like what been said that not all gamblers are really that making up huge spending towards gambling.There are ones who do really make spending as minimal as possible but its true
that those amounts would be entirely used on just one roll or not really that something could entertain you at all.Low risk will really be depending on how much you can spend on your gambling activity or leisure times.
Know your limits and thats the key, it doesnt matter on how much you would be spending as long you are contented with that.

[Baofeng]

Twice a week is a huge number if you have a family and a regular job that takes 5 days a week. If you devote time to your wife, children, work, household chores, then 2 days a week for gambling is a lot. Perhaps this is advice for family people?

Yes, it should be huge if having family. But you can have family and still bet on your mobile phone or personal computer even without your wife and children knowing. It depends on how and where you are gambling.

Even if you are not married, gambling in just 4 times monthly will be good, provided if you gamble with the amount you can lose and not think about or lead to depression, I mean the amount of money that is low to the extent that you can afford to lose it.

During my addiction, I can play 5x a week in a landbase casino, this is prior of me joining crypto and playing online slot games. But I'm more sober now, maybe 2x-3x a month that is a lot to me. I just focus on sports betting now.

I think the advice is much on a broader audience and not for those who have a lot of budget to play daily or weekly. So it's just a baseline for others and who knows, it could be good for them as per the "suggestion" on the budget.

[harizen]

Guideline 1: Gamble no more than 1% of household income
Don't bet more than 1% of your household income before tax per month. For example, someone with a household income of $70,000 before tax should gamble no more than $58 per month.

This is a NO for me. There are lots of "what if" after losing that 1%? The eagerness will still be there to continue.

Conclusion: I'm not setting up any amount to gamble. I also don't follow the "gamble only the money you afford to lose" mindset because there are no specific figures on this. Just be responsible enough to stop at any cost during our gambling session.

Guideline 2: Gamble no more than 4 days per month

As if the majority can do this. It's a very obvious thing that gambling rarely can lower the risks of losing but still the possibility of always losing can happen even for 4 days. The result is still the same regardless of how many times a person will gamble.

Conclusion: Like I posted above, just be responsible enough to stop at any cost during our gambling session.

Guideline 3: Avoid regularly gambling at more than 2 types of games

This is nonsense for me. Regardless of gambling on 1 or 2 games at once, the money at staked and risks is still the same.

Conclusion: Gamblers can gamble at anything at the same time as long as they know and understand those games.

[Wexnident]

This is closer to telling them not to gamble at all lmao. I myself set a specific amount to gamble on every session, but 1% is way too low, not enough to actually satisfy that craving of gambling. Even if I say that gambling is more for fun, experiencing that fun of winning/losing money is also part. If I was only in it for the game, I might as well just go for playing the same games but without money involved.

As for the number of sessions, I think that's closer to what you prefer, setting up a number for it might just limit you way too much, bringing out more of anticipation than normal which can influence you to go past it in the long term imo.

The 3rd advice is just a joke. It's like asking your average gamer to only buy/play one game in their entire life, that's just a joke. I myself repeat a lot of games that are long and story intensive, whatmore for simple games like the ones in casino.

[ralle14]

What do you think?

It's probably because the lower the gambling budget the less risk, for sports betting that budget could probably last enough if you only focus on one or two sports but if it's only for casino games I have to agree that amount won't last for an entire month since most of the casino games are fast-paced.

For the second guideline if it's one whole day per week it's probably not bad since weekends are the only free days and the idea of two days a week is also good if you can split the allocated hours.

I also don't like the last guideline, as you play the same game for quite some time you'll slowly lose that enjoyment so there's nothing wrong in playing a different game.

[Cling18]

Guideline 1: Gamble no more than 1% of household income
Don't bet more than 1% of your household income before tax per month. For example, someone with a household income of $70,000 before tax should gamble no more than $58 per month.

This is situational and does not probably work especially for those who have a higher target goal in gambling. It also depends on the income of an individual because if a person is a minimum wager I don't think 1% would be enough as gambling capital. I guess at least 5% will work if a person wants to pursue gambling and has a good target goal to reach. Following a 1% gambling allocation is more likely to advise a person to quit gambling.

[Oasisman]

What do you think?

Guidelines 1&2 is fine for me. That's limiting yourself from spending too much in gambling that would potentially hurt in the long run. While guideline 3 doesn't make sense to me. I mean why would you limit yourself in having fun with gambling. Clearly, the goal here is to have leisure after the long week of work considering how low the capital intended for gambling. So, you're already limiting your budget and limiting the number of game you should play as well? That doesn't make enough sense to me.

[Oshosondy]

single person can have very low expenses when it comes to their needs and the majority of their disposable income will go towards entertaining themselves, meaning that the limit you have recommended to other people of 10% is perfectly reasonable for people under those circumstances.

Because you are single does not mean you should not discipline yourself, I am not talking about you, but about gamblers that are single and betting excessively and becoming addicted to it.

Another thing is that because you have needs for low expenses does not mean you should put the remaining money on gambling to gamble with. Remember there are days that may not favour, the days saving money would be a life saver. It is good to save money for days like that and for future.

Another is that gambling responsibly will only comes with betting with little amount of money.

[behandsomebecool]

no offense but i think these people who're following some kind of guidelines r a ltl bit crazy lol
i mean what's the point? chance plays a big role here

[_act_]

no offense but i think these people who're following some kind of guidelines r a ltl bit crazy lol
i mean what's the point? chance plays a big role here

Gambling is a game of chance, even if you use low amount of money to gamble, there are still chance that you may win or lose, but the reason this type of guildline is good is because even if you lose the money you use to gamble, you will not be thinking about it, it will not lead to depression, it will not affect your health, it will not financially affect you, it will not lead to addiction.

[mu_enrico]

Twice a week is a huge number if you have a family and a regular job that takes 5 days a week. If you devote time to your wife, children, work, household chores, then 2 days a week for gambling is a lot. Perhaps this is advice for family people?

It's not like we play 24 hours straight tho. Twice a week (like Saturday and Sunday) with 3 hours playing session should be okay.

Instead of going to the movies, concerts, travelling, going out, playing videogames, some people simply gamble. For a matter of comparison, we could calculate how much of their income other people spend doing these activities I mentioned earlier

True, and $58 can only buy 1 or 2 game titles, sometimes it won't be enough to get an AAA game as well. As for arcades, we can spend way more than that.

This is closer to telling them not to gamble at all lmao. I myself set a specific amount to gamble on every session, but 1% is way too low, not enough to actually satisfy that craving of gambling. Even if I say that gambling is more for fun, experiencing that fun of winning/losing money is also part. If I was only in it for the game, I might as well just go for playing the same games but without money involved.

They think 1% is a guaranteed loss, however sometimes you'll win and sometimes you'll lose, therefore the actual total losses won't be at 1%. It can be much lower than that. Hence, raising the percentage of income for gambling is acceptable as long as your total losses end-of-year are closer to 1%.

[Apocollapse]

Since the article talking about lower risk gambling, they're correct to suggest only use 1% of their income and since they're have limited money to gamble, that's why they give guide to only play 4 times in a month and stick with 2 games. I think everyone don't mind if they loss 1% of their money, not all people are afford to risk their 10% of their income because each people have different risk management and how much the income they got.

IMO there's no limit to gamble, as long as you're not become an addict and already think every risk you've taken, you're fine.

[ChiBitCTy]

I stumbled upon random news while browsing, and it uses this article as a citation: https://gamblingguidelines.ca/lower-risk-gambling-guidelines/what-are-the-guidelines/

They say:

If you gamble, the new Lower-Risk Gambling Guidelines show you how to lower the risks and harms associated with gambling. There are only three guidelines, but you should follow all three.

And the joke begins:

Guideline 1: Gamble no more than 1% of household income
Don't bet more than 1% of your household income before tax per month. For example, someone with a household income of $70,000 before tax should gamble no more than $58 per month.

$58 per month LMAO! Okay, IIRC I advised people to bet a maximum of 10% of their income, but 1% is just too low. It won't even last one-hour playing penny slots in most cases. And look at this table:

Even if you earn 6 figures, you can only bet <$100, less than @roycilik's weekly budget

Guideline 2: Gamble no more than 4 days per month

While I think once a week is reasonable, four days a month is too harsh. I mean, if there are five Saturdays in a month, you still get only four playing sessions. IMO the limit should be twice a week.

Guideline 3: Avoid regularly gambling at more than 2 types of games

IMO it's useless advice. Even if a gambler plays many types of games, it won't matter as long as he knows the limit, guidelines 1 & 2.

What do you think?

I think they were trying to perhaps do a good things by setting some “safer” guidelines when it comes to gambling, but the truth is everyone’s situation is completely different and there’s A LOT of people who shouldn’t even be betting 1%.  10% certainly sounds way to high too me, but again everyone’s situation is different.

[Lucasgabd]

Since the article talking about lower risk gambling, they're correct to suggest only use 1% of their income and since they're have limited money to gamble, that's why they give guide to only play 4 times in a month and stick with 2 games. I think everyone don't mind if they loss 1% of their money, not all people are afford to risk their 10% of their income because each people have different risk management and how much the income they got.

IMO there's no limit to gamble, as long as you're not become an addict and already think every risk you've taken, you're fine.

the thing is that the line that separates habits from addiction is thinner for some people
each one will have to figure out what is their safe dose
knowing that if they go to far from the line (and become addicted) it may be hard to get back to a healthy state

[LUCKMCFLY]

Since the article talking about lower risk gambling, they're correct to suggest only use 1% of their income and since they're have limited money to gamble, that's why they give guide to only play 4 times in a month and stick with 2 games. I think everyone don't mind if they loss 1% of their money, not all people are afford to risk their 10% of their income because each people have different risk management and how much the income they got.

IMO there's no limit to gamble, as long as you're not become an addict and already think every risk you've taken, you're fine.

the thing is that the line that separates habits from addiction is thinner for some people
each one will have to figure out what is their safe dose
knowing that if they go to far from the line (and become addicted) it may be hard to get back to a healthy state

You are right, we must also take into account how much each person is capable of risking during 1 month, or if the person risks a part of money each week, as long as a person has control of their salary and can allocate the percentage they consider It is a personal decision, of course, one always tries to advise that the risk is not a lot of money and although sometimes it is very easy to win, it is also very feasible to lose, in fact, losing is most likely when we enter a casino either online or in a physical casino, for me it represents the same risk, if you have a good dose of tranquility and risk management, you can enjoy substantial profits with little money, I apply it to slots.

[virasisog]

Since the article talking about lower risk gambling, they're correct to suggest only use 1% of their income and since they're have limited money to gamble, that's why they give guide to only play 4 times in a month and stick with 2 games. I think everyone don't mind if they loss 1% of their money, not all people are afford to risk their 10% of their income because each people have different risk management and how much the income they got.

IMO there's no limit to gamble, as long as you're not become an addict and already think every risk you've taken, you're fine.

the thing is that the line that separates habits from addiction is thinner for some people
each one will have to figure out what is their safe dose
knowing that if they go to far from the line (and become addicted) it may be hard to get back to a healthy state

You are right, we must also take into account how much each person is capable of risking during 1 month, or if the person risks a part of money each week, as long as a person has control of their salary and can allocate the percentage they consider It is a personal decision, of course, one always tries to advise that the risk is not a lot of money and although sometimes it is very easy to win, it is also very feasible to lose, in fact, losing is most likely when we enter a casino either online or in a physical casino, for me it represents the same risk, if you have a good dose of tranquility and risk management, you can enjoy substantial profits with little money, I apply it to slots.

To sum things up, we could spend higher than 1% depending on our monthly income but we should still be responsible on spending. We should always know when to stop and when to continue and be mindful of the risks of gambling. I don't think having a lower capital could lower the risk of gambling but it is our personal control over things and the way we handle our funds.

[arimamib]

Truly a laughable joke. Why don't all be guided by not gambling at all so you don't have the slightest risk. Lol
Gambling games are like a double-edged sword, win and lose.
Making a loss limit can still be done by gamblers, for example, limiting capital when visiting Offline or Online Casinos, with a limit on the balance you have can reduce the risk of a greater loss. Gambling is an adrenaline-pumping game, so I think the advice above is completely useless.

[Findingnemo]

I stumbled upon random news while browsing, and it uses this article as a citation: https://gamblingguidelines.ca/lower-risk-gambling-guidelines/what-are-the-guidelines/

They say:

If you gamble, the new Lower-Risk Gambling Guidelines show you how to lower the risks and harms associated with gambling. There are only three guidelines, but you should follow all three.

And the joke begins:

Guideline 1: Gamble no more than 1% of household income
Don't bet more than 1% of your household income before tax per month. For example, someone with a household income of $70,000 before tax should gamble no more than $58 per month.

$58 per month LMAO! Okay, IIRC I advised people to bet a maximum of 10% of their income, but 1% is just too low. It won't even last one-hour playing penny slots in most cases. And look at this table:

Even if you earn 6 figures, you can only bet <$100, less than @roycilik's weekly budget

I don't know on what basis they proposed this guidelines! Only for people who is making in billions should gamble?

Okay for safer side lets allocate 1% for our gambling entertainment and about 50% is going to government as direct and indirect taxes right for salaried middle class people so where is the fair scale here.

Every single individual has to pay 100x more to the government's wellness while compromising their own satisfaction, I feel even dictatorship is better than these kind of rules.

[Gozie51]

For a lesser pressure and fear in gambling , a reasonable gambling should be the guide 1. I think having an average of 1% of family monthly income to try the luck in gamling is not out range. Some addict see gambling as a source of income but to have higher rate of family income to betting is a whole lot of risk. 1% betting stake should be spread across the month for a moderate betting but of course many husbands bet far above that and making their family necessities like rent, feeding and clothing to lack.