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

[madnessteat]

^

You either make good money or you are not responsible for other people (wife and children) - most likely you are still young and do not have children of your own, because if you had them, you would find a more rational use for money than gambling. In my opinion spending 20% of your income on gambling is simply irresponsible. Just consider how much you could earn by investing that money wisely.

[masulum]

You either make good money or you are not responsible for other people (wife and children) - most likely you are still young and do not have children of your own, because if you had them, you would find a more rational use for money than gambling. In my opinion spending 20% of your income on gambling is simply irresponsible. Just consider how much you could earn by investing that money wisely.

Not everyone has this kind of thinking. There are many people who have children and wives they have to take care of, but are left behind for gambling. I often see this where I live. In fact, I also have children, few months ago I used my money for gambling and didn't think about this, because at that time I lost quite a lot and wanted to get a win to replace what I had lost, just made me lossing more. This is a commons case. One thing that has been a lesson for me is that it is effort to control money we are playing have an important role.

[Slow death]

when you do this type of article or give this type of advice I believe that even the guy who writes this doesn't believe anything he's writing so let's see:

1 - everyone takes the money they earn and has fun with things like:

- buy drinks, watch shows, watch games, travel, will people take 1% of their income to have fun? The answer is simple: NO. people take much more than 1% to have fun, I'll give an example from my country for example, in my country a plane ticket costs 200$ and the lowest price + paying a tourist instance for 2 days would be 450$. .. with that the person would have fun for 2 days every month. So how much salary does this person earn? in most cases it is not even more than 800$. so what if that person took the 450$ and played? would be wrong? NOT!

2 - what is happening is that most people are forgetting that gambling is a form of entertainment like anything else, people are demonizing gambling, being cynical with 1% strategies, 10% expensive if all follow this bullshit who would be a vip member in casinos? how the hell would casinos pay for signature campaign if everyone was playing with less than 50$? every person is entitled to take as much money as he wants and play and have fun. there are people who spend 500$ just to put new parts in their car and go to races and every month they do that, but if that same person takes 500$ and goes to play in a casino he will be criticized with the false moralists.

3 - they keep talking about addiction, honestly since when does playing with little money stop someone from becoming addicted? even without playing with money people become addicted.

[Daltonik]

And yet, there is some truth in every joke, and the above "strategy" or better to say a recommendation, seems to me worthy of acceptance, because using 1% of your family's monthly income for gambling can really get rid of a lot of problems and have a little fun without prejudice to everyone.

[serjent05]

What do you think?

I don't think the guideline is a joke since their purpose is to lower the harm (money losses) gambling can cause to a family.  I think it is good enough, since they are not advising to totally shutdown gambling activity engagement.  The amount is a joke I agree  but we can't argue that it is safe enough so that our gambling activity won't have a negative effect on our family budget.

[milewilda]

What do you think?

I don't think the guideline is a joke since their purpose is to lower the harm (money losses) gambling can cause to a family.  I think it is good enough, since they are not advising to totally shutdown gambling activity engagement.  The amount is a joke I agree  but we can't argue that it is safe enough so that our gambling activity won't have a negative effect on our family budget.

You are just too far of on getting wrekt by gambling if you do stick with that 1% budget on overall but on every time you do gamble.Are you sure that you wont really be molding up gradually those
kind of intent for your capital to be raised or having some reconsideration on increasing it? If you can control yourself then its good but if not then you would really be increasing those percentage
This is why you shouldnt really make yourself get used to play on constant basis because it is likely those percentages will really change after a period of time but well
people are different when it comes to control and discipline.

[chaser15]

All guidelines stated were actually effective "only" if those will really be followed in reality.

Sounds simple and basic but actually, it's hard to follow those just lower the risks of losing in gambling.

Guideline 1: Gamble no more than 1% of household income
- As if many people can really follow these. Once that 1% loses, we know what happened next.

Guideline 2: Gamble no more than 4 days per month
- People always want to experience the feeling of winning. People also want to chase losses on losing. Therefore that 4 days rule will be a hard task to do for average gamblers.

Guideline 3: Avoid regularly gambling at more than 2 types of games
- I don't understand how this becomes a guideline in the first place

[Wakate]

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 shouldn't be surprised because based on what the tittle says  "The Lower-Risk Gambling Guidelines" is a way to make us spend less than what what we used to spend on a daily basis with lower risks. I think for a gambler to lower the risks they take during gambling, it has to affect the amount used in gmabling everytime.

Gambling is a risk and we all have to bear in mind that we should always gamble with what we know we can afford to lose which is what the tittle is illustrating to us. The bigger the amount used in gambling the bigger the risk while the little the amount used the less the risk of losing ones capital.

[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.

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%.

Fair enough I guess, but by doing that you're basically indicating that you'd win more than lose more no? I actually assume the initial thought you have, is that the amount I gamble is already "lost money" in the sense that I don't have the responsibility to actually bring it out of that specific gambling session. Ofc winning would be for the best, but that isn't exactly the case for almost all of us.

Well this helps if you are addicted and want to slowly cut it. Sooner or later you will feel not to gamble at all because it's getting close to that. For the starters, I think gambling like this can prevent them from being an addict later on. If you think you can fully control your self then feel free to set up your own limits because you think this was too low for you and won't give you contentment or satisfaction.

I'd actually lessen the time, instead of the amount if you were addicted and wanted to get out of it. Slowly reducing the number of times you visit a casino and the duration of stay is much helpful, though a combination of the two would be infinitely better. But if comparing the two, reducing time would be the better option.

[bittraffic]

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%.

Fair enough I guess, but by doing that you're basically indicating that you'd win more than lose more no? I actually assume the initial thought you have, is that the amount I gamble is already "lost money" in the sense that I don't have the responsibility to actually bring it out of that specific gambling session. Ofc winning would be for the best, but that isn't exactly the case for almost all of us.

Well this helps if you are addicted and want to slowly cut it. Sooner or later you will feel not to gamble at all because it's getting close to that. For the starters, I think gambling like this can prevent them from being an addict later on. If you think you can fully control your self then feel free to set up your own limits because you think this was too low for you and won't give you contentment or satisfaction.

I'd actually lessen the time, instead of the amount if you were addicted and wanted to get out of it. Slowly reducing the number of times you visit a casino and the duration of stay is much helpful, though a combination of the two would be infinitely better. But if comparing the two, reducing time would be the better option.

The guideline tends to prevent a person from gambling because it suggests a tiny capital. But it doesn't mean you'd really follow this guideline, I doubt someone will really follow this guide. In one sports match alone, you can lose $20-50 because you are not satisfied with the odds.

The more you will need a big capital if you engage in Poker or Blackjack. To hell with this guideline, that's what they'd say.

[jostorres]

I want to tell you that you can not engage in gambling without the knowledge of your children or your family, it's unstoppable and it's not something you can hide for long time, because your mood or feelings when you lose the money you are not suppose to lose with the improper explanation you will give to conver the money you lose will make your family know what you are into and what is bothering you as a gambler. I understand that gambling is something you will do on secret.

If you are good at hiding things then you can gamble without being caught by your family. You can gamble in your phone inside your room or in the bath room while the doors are locked. You will only need to clear your history after it but it will be hard to hide it if you are gambling in a physical casino because they might follow you the moment you go outside. We should not based on how many times we gamble for week or month but we rather based on the number of hours.

Gambling 2 times a week is not a lot if you will only do a couple of rolls on one game but you can say it's too much if you spend an hour or two per session you are making.

[ethereumhunter]

I absolutely agree with you. Each of us spends different amounts on entertainment. Some have no obligations and can feel quite normal after spending 25-50% of their salary on entertainment, and some have a family of several people and loans. Clearly he can't spend that kind of money without harming the family budget. Therefore, the purpose of this guide is to teach gamblers to observe risk management and not to spend money that is meant for other things.

That is correct. And knowing the amount we can spend on gambling, I don't think it interferes with the family budget that we have created so that both money for gambling and money for the family budget can go together. If a person can manage the risk and not cross the limits they have set, they can even enjoy the moments of gambling, which will not make them addicted. They will know when it's time for them to gamble and when it's time to stay away from gambling for a while because they can come back whenever they want and use the money free of all the necessities of life.

[qwertyup23]

if you earn 6 figures a month, you may really spend huge for anything you enjoy doing. so the guideline will make you think of following it once you see yourself losing half of the 6 figures. it sounds like a joke but i guess this will serve as a reminder moderately gamble the money out from your wallet. its probably just for people to minimize the habit.

I think the table that was posted is merely a guideline that is considered as the general rule whenever a person gambles. Of course, like you mentioned, this will drastically differ especially if a person earns a significant amount of income.

In terms of the the times a person gambles, I think it wholly depends on his lifestyle if he can afford it. While the guidelines provide a 1% amount of betting based on your total income, it is not necessary that you have to follow such. Again, it all boils down to the preference of the gambler as a whole.

[_act_]

I want to tell you that you can not engage in gambling without the knowledge of your children or your family, it's unstoppable and it's not something you can hide for long time, because your mood or feelings when you lose the money you are not suppose to lose with the improper explanation you will give to conver the money you lose will make your family know what you are into and what is bothering you as a gambler. I understand that gambling is something you will do on secret.

You are talking about addicted and those that are risking highly on gambling.

If I lose, I am good, if I win too, I am good. Nothing like depression or bad thinking all because I lose, that is because I use the amount of money that is very low enough that I can give someone and forget about in few days.

It depends, some people are gambling and yet their family may not know. But I do not see it wise at all, I will not like to keep anything for my wife, I can keep it from my children, but not my wife. If she knows her husband is not addicted and not affecting them financially (I mean to gamble in a responsible way), telling his husband to quit will never even come his mind, women do not just tell her husband that is gambling to quit, she would have been knowing that gambling is becoming something else on the life of here husband.

But in any way, I will always advice parents to keep it away from their children and education them on how people can be a victim of gambling addiction.

[gunhell16]

I think even if there are guidelines showing that platform for gamblers, most of the players who love gambling will not notice that much. Then there are other gamblers for sure who have their own style of how to win and when to stop or continue the game. Although mostly this method is not done by the majority of gamblers here in gambling.

Also, the fact that you will only gamble 4 times a month, oh the majority of gamblers will not be able to follow this, especially for those who have become a routine of gambling every day of their lives.

[masulum]

I think even if there are guidelines showing that platform for gamblers, most of the players who love gambling will not notice that much. Then there are other gamblers for sure who have their own style of how to win and when to stop or continue the game. Although mostly this method is not done by the majority of gamblers here in gambling.

Also, the fact that you will only gamble 4 times a month, oh the majority of gamblers will not be able to follow this, especially for those who have become a routine of gambling every day of their lives.

So, some of these guidelines must be fulfilled, maybe that's enough. For example, we cannot fulfill 4 times of playing in 1 month. However, we are still playing in the guideline 1, which is about 10% of our monthly income. If this 10% is met, even though playing more than 4x of course it is still safe for the gambler's finances.

Of course, this is not advice for all gamblers, but for gambler with small incomes, this is a guideline that can be applied so they are out from excessive gambling addiction.

[LUCKMCFLY]

All guidelines stated were actually effective "only" if those will really be followed in reality.

Sounds simple and basic but actually, it's hard to follow those just lower the risks of losing in gambling.

Guideline 1: Gamble no more than 1% of household income
- As if many people can really follow these. Once that 1% loses, we know what happened next.

Guideline 2: Gamble no more than 4 days per month
- People always want to experience the feeling of winning. People also want to chase losses on losing. Therefore that 4 days rule will be a hard task to do for average gamblers.

Guideline 3: Avoid regularly gambling at more than 2 types of games
- I don't understand how this becomes a guideline in the first place

Well, they are very interesting guidelines, although they are not conceptual or do not have a global sense, what is sought is globality, because some of these guidelines, at least with me, do not work, I play many things, poker, Black Jack, slots, crash, and many other things.

For me the greatest of the most important guidelines is that the money that is allocated to the game is the amount that is willing to lose, and if this exceeds 1% it does not matter to me, if it is less than 1% also, because I can divide it into 1 week and this could give me benefits, if a person is able to allocate a large part of the money without being affected, they can do it, and I think that is one of the best things that can be squared.

I think even if there are guidelines showing that platform for gamblers, most of the players who love gambling will not notice that much. Then there are other gamblers for sure who have their own style of how to win and when to stop or continue the game. Although mostly this method is not done by the majority of gamblers here in gambling.

Also, the fact that you will only gamble 4 times a month, oh the majority of gamblers will not be able to follow this, especially for those who have become a routine of gambling every day of their lives.

So, some of these guidelines must be fulfilled, maybe that's enough. For example, we cannot fulfill 4 times of playing in 1 month. However, we are still playing in the guideline 1, which is about 10% of our monthly income. If this 10% is met, even though playing more than 4x of course it is still safe for the gambler's finances.

Of course, this is not advice for all gamblers, but for gambler with small incomes, this is a guideline that can be applied so they are out from excessive gambling addiction.

It is very complicated to do it, we as players must have a type of discipline and I very much agree that rules must be followed, according to each person, each one has their own rules, the bad thing is when we break our own rules , we can not because we would lose, it is very likely that this feeling will go away, however the guidelines that they give here can be useful to people who have that type of personality to play, because these guidelines can be very adaptable to their way of playing, but in my case it is very difficult because I would be changing all my rules, and that is something that would be very difficult for me.

[dothebeats]

You either make good money or you are not responsible for other people (wife and children) - most likely you are still young and do not have children of your own, because if you had them, you would find a more rational use for money than gambling. In my opinion spending 20% of your income on gambling is simply irresponsible. Just consider how much you could earn by investing that money wisely.

Not everyone has this kind of thinking. There are many people who have children and wives they have to take care of, but are left behind for gambling. I often see this where I live. In fact, I also have children, few months ago I used my money for gambling and didn't think about this, because at that time I lost quite a lot and wanted to get a win to replace what I had lost, just made me lossing more. This is a commons case. One thing that has been a lesson for me is that it is effort to control money we are playing have an important role.

People often undermine the fact that we as a species tend to make obviously foolish decisions at times. Also, we sometimes compound our mistakes with another mistake, which causes more problems for us. I believe it when you say that this is a commonly occurring case, especially when gambling is involved because a lot of people still haven't learn about the dire consequences of their actions and their persistence of gaining something what they lost. It's insanity to expect a different result by doing the same thing over and over, and Einstein is right about that. Even if you play conservatively on your bets as was endorsed here in OP; you're still bound to lose some money in the long run.

[coin-investor]

Of course, this is not advice for all gamblers, but for gambler with small incomes, this is a guideline that can be applied so they are out from excessive gambling addiction.

But can those gamblers with meager income can keep up, if they are that discipline they can but the majority of gamblers are not that discipline to follow that advice as gambling is addictive even if you treat it as a form of entertainment you'll still find a way to play to your satisfaction, we are playing to fill our satisfaction it's hard to restrict us, we can only play within our means or work more to reach additional income to add to our playing time.

[masulum]

But can those gamblers with meager income can keep up, if they are that discipline they can but the majority of gamblers are not that discipline to follow that advice as gambling is addictive even if you treat it as a form of entertainment you'll still find a way to play to your satisfaction, we are playing to fill our satisfaction it's hard to restrict us, we can only play within our means or work more to reach additional income to add to our playing time.

I do not guarantee that all players with small salaries can do these tips, nor do I guarantee myself that I can do these tips. But, there were times what I read from these tips reminded me to stop. Just like you said, gambling addiction becomes a problem for playing discipline. Although tips like this don't guarantee it, at least maybe that player reads to remember when he's already in a position to exceed playing limits.