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

[Bitinity]

Yes it is a joke for me and I'm imagining how if this guideline is applied to other things than gambling. For example real sports such as badminton, football, futsal etc where we need to buy some stuffs or maybe to rent the court. I guess many people will have to stop their hobby if they follow this guideline as it will impossible for them to do their hobby unless they have a really huge monthly/yearly income. Back to gambling, I believe most experienced gambler knows how to spend their money wisely. However if this guideline is solely created to newbie, I think the best title should be "Don't gamble unless your income reach millions dollar per year". 

[Viscore]

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.

OP’s recommendation is really good and very practical. But this will only be followed if you are a disciplined gambler as you always make sure you’re only using the allotted amount to gamble. For those who gamble every time they have extra money, and that they find gambling to relieve stress and find entertainment, then this strategy will never work for them. But as long as you only gamble on the amount you can afford to lose, I think that’s still fine.

[Gozie51]

However if this guideline is solely created to newbie, I think the best title should be "Don't gamble unless your income reach millions dollar per year". 

Such a joke that newbies will find not funny. Newbies are culprit of high gambling because they see every chance to gamble as opportunity to make profit and so they won't have to wait to take a bet until they exhausted all that money with them. Sometimes the advise of betting moderately sounds like it is mere news , newbies will not keep to that and that wouldn't make their income reach millions because of losses 

[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.

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.

True that, if we gamble on a regular basis, we will eventually think that 1% is too small because we are getting used to it.  So to make it more entertaining, we increase the percentage gradually until it almost eats up our income.  The guideline indeed needs a solid discipline because the suggestion is almost the same as "we are only allowed to bet 1 try once every week".

I think those who formulate these kinds of guidelines are not in this world. LOL

[Mahanton]

From the things i see in gambling it does not have low risk what it have is risk, the risk i noticed with gamblling is similar to the risk which is involved in any other cryptocurrency related. I notice that gambling is as same as what we are dealing with. Do you know that even the cryptocurrency that everyone is buying is also an risk and provided that you have invested on it, is as same you think of gambling

I disagree on what you had said.

Buying coins = Investment
Gambling games = Entertainment/Leisure

You cant really just make both things to be similar because they do have different level of risk and one of them is pertaining about investment which we know that it does
have risk but not as high on the thing you could see on gambling.So you should really make yourself in between the difference among the two.
Speaking about on how much a person should be spending then it would vary..It doesnt matter if 1% or 100% its none of our business.

[AicecreaME]

From the things i see in gambling it does not have low risk what it have is risk, the risk i noticed with gamblling is similar to the risk which is involved in any other cryptocurrency related. I notice that gambling is as same as what we are dealing with. Do you know that even the cryptocurrency that everyone is buying is also an risk and provided that you have invested on it, is as same you think of gambling

Sure, gambling and crypto has risks, but they vary in level.

Gambling is a recreational and leisure activity. The main purpose of gambling is to entertain and its bonus factor is that you can profit while you are playing. You get to enjoy what you are doing with potential source of income on the side. However, gambling being a leisure activity with potential earning could be blinding to some. Without the firm sense of responsibility and discipline, some become lost in gambling. Due to its nature to entertain and at the same time to make profit, some people disregard the risks that come along with gambling, thinking that it's just low. However, the risks in gambling could be great depending on how you let it control and take over you instead of you utilizing it to your own advantage.

Meanwhile, cryptocurrency is an investment and not really an entertainment. People enter cryptocurrency to gain income and to become their storage of fund to avoid inflation. This appreciates overtime as long as you invested in a great crypto coin. Once you enter in an ideal position which is low price point, you can profit as much if you'll take profit once it sky rockets and hit your desired value to TP. In this case, you should just make sure that you know what you are doing. Otherwise, the risk would be big too because if you don't know where you are putting your money, you are basically burning it already with your very own hands.

[btc78]

From the things i see in gambling it does not have low risk what it have is risk, the risk i noticed with gamblling is similar to the risk which is involved in any other cryptocurrency related. I notice that gambling is as same as what we are dealing with. Do you know that even the cryptocurrency that everyone is buying is also an risk and provided that you have invested on it, is as same you think of gambling

but not riskier than gambling mate, Investing in crypto is some what risky but can be adjusted depend on how the market will show us but  in gambling? even how good you are yet everything will depend on how Luck sustain in our side so better not to expect too much instead best if you can take holding your currency and never let people influences you.

[kamvreto]

From the things i see in gambling it does not have low risk what it have is risk, the risk i noticed with gamblling is similar to the risk which is involved in any other cryptocurrency related. I notice that gambling is as same as what we are dealing with. Do you know that even the cryptocurrency that everyone is buying is also an risk and provided that you have invested on it, is as same you think of gambling

but not riskier than gambling mate, Investing in crypto is some what risky but can be adjusted depend on how the market will show us but  in gambling? even how good you are yet everything will depend on how Luck sustain in our side so better not to expect too much instead best if you can take holding your currency and never let people influences you.

I agree with what you said about investing in crypto that has risks but we can adjust to market conditions that occur. but gambling is completely dependent on luck, if luck doesn't last then there will be losses that keep coming. every type of work has risks, crypto investing or gambling has its own risks.
Gambling cannot be said to be a low risk job because the ratio of luck and loss is 50:50, this is certainly very risky. luck cannot be predicted and manipulated.

[mu_enrico]

I think the best title should be "Don't gamble unless your income reach millions dollar per year". 

A good point to emphasize on 1% of Elon Musk's yearly income carries a different weight than 1% of our income. It would be wise if the low-middle class shouldn't spend on hobbies, as they must spend more than 1%. But YOLO I guess, it's just human nature. Imagine 1% of a minimum wage of IDR 4,500,000/month = IDR 45,000/month for hobby! It won't even cover cat food for 1 month

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.

Noooo
I mean, let's say we use the cat food example above. The money you spent on the cat food is a guaranteed loss so your total expenses are always fixed at 1% per month => 1% per year.

Meanwhile, in gambling, a player can get zeroed (-1%), partial loss (less than -1%), small win (+x%), or big win (xx%). It should be carried over for 1-year period. Me for example, use probably 15% of my monthly income, but at the end of the year, my total losses won't be at 15% because of the house edge.

[Boristhecat]

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.
-skip-

I understand what you are talking about and meant just about such game sessions. 3 hours is a good time to "feel the game" to take your mind off everything and have fun. But I talk like a family person and such sessions are definitely not available for me on weekdays, and there are so many things to do with the family on the weekends that I would rather play once a week than twice because I would not like to hear my wife's reproaches, haha.

[Webetcoins]

Yes it is a joke for me and I'm imagining how if this guideline is applied to other things than gambling. For example real sports such as badminton, football, futsal etc where we need to buy some stuffs or maybe to rent the court. I guess many people will have to stop their hobby if they follow this guideline as it will impossible for them to do their hobby unless they have a really huge monthly/yearly income. Back to gambling, I believe most experienced gambler knows how to spend their money wisely. However if this guideline is solely created to newbie, I think the best title should be "Don't gamble unless your income reach millions dollar per year". 

I don't think those who create these guidelines are joking but maybe there is only a typo on their first guideline because 1 percent is really tiny no matter if you are a big or a small earner but their second and third guidelines seems to normal and acceptable. I only gamble once per week and sometimes I decide to gamble once per month because I over think about my small losses.

I also play with one game at most but sometimes I can do two games if my deposits are a little bigger. More than this can make me think that my budget wont be enough already to fully enjoy the game. They didn't say that this guideline can be applied outside, that's why you think it seems impossible.

[South Park]

Yes it is a joke for me and I'm imagining how if this guideline is applied to other things than gambling. For example real sports such as badminton, football, futsal etc where we need to buy some stuffs or maybe to rent the court. I guess many people will have to stop their hobby if they follow this guideline as it will impossible for them to do their hobby unless they have a really huge monthly/yearly income. Back to gambling, I believe most experienced gambler knows how to spend their money wisely. However if this guideline is solely created to newbie, I think the best title should be "Don't gamble unless your income reach millions dollar per year". 

Basically this, while it is important to have financial goals and do what we can in order to achieve them, at the same time we cannot live our lives as if we are in some sort of financial simulator, we also need to get some entertainment and unless you are incredibly rich 1% is simply not going to cut it, just think about how much money people spend already on all of those streaming apps to watch their favorite content, if that 1% rule was applied everywhere I doubt people would have enough money just to buy one of those services, so a balance must be reached between being financially responsible and spending some of that money away.

[Oasisman]

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.
-skip-

I understand what you are talking about and meant just about such game sessions. 3 hours is a good time to "feel the game" to take your mind off everything and have fun. But I talk like a family person and such sessions are definitely not available for me on weekdays, and there are so many things to do with the family on the weekends that I would rather play once a week than twice because I would not like to hear my wife's reproaches, haha.

No husband wants to hear their wife's reproach and when they start talking they'll not gonna stop until they're not done lol.

Well, I have to agree weekends are meant to be for the family, I mean the whole day or so. But, some people can still manage the balance between personal and family leisure. Me too I am a family person, but I've changed a lot now in terms of my gambling habits. I could spend a spare to gamble every other night after work but I choose not to, usually.

[Lucasgabd]

I Think 1% of household income use for gambling is too low . if one person household income is  $200 by doing any kind of job. if he/she want to use 1% of his money for gambling then it will $2 . how can that person can gamble with $2 he he. i think if someone really want to test gambling then he/she should use atleast 5% of his household income

It would be better for him to be active on the casino chat to eligible for rain distribution lol since $2 to gamble is really doesn't enough. I think 5%-10% is still make sense, just take it as a self achievement for working in a month full. The thing is as long as they're gamble just for fun and not only looking to chase winning in every month, they're okay. I even use 20% of my income to gamble, but I don't get any problem until now.

isn't 20% a bit too much?
I mean, it may be good when you are making money
but if losing it's a huge punch... probably hurts

besides these 20% that goes to gambling do you also invest part of your income?

just curious

[traderethereum]

No husband wants to hear their wife's reproach and when they start talking they'll not gonna stop until they're not done lol.

Well, I have to agree weekends are meant to be for the family, I mean the whole day or so. But, some people can still manage the balance between personal and family leisure. Me too I am a family person, but I've changed a lot now in terms of my gambling habits. I could spend a spare to gamble every other night after work but I choose not to, usually.

What you say is true because the wife will keep talking to her husband non stop and will not stop unless we leave them for a while
It would be nice if we could balance our time between going out, working, and having fun.
But some people prefer to play gambling in their spare time rather than hanging out with other family members.
What is clear we can know is that we never use a lot of money to gamble.

[madnessteat]

^

I read in an article that elderly people before they die most of all regret that they spent little time with their families, tried to spend more time earning money, and had little rest. I am not in the habit of gambling very often, besides I believe that the more often a person gambles, the more likely he will become a gambling addict. It is enough for me two or three gambling sessions a month. I try to devote time to my family on a daily basis, but because of work it is not always possible.

[Boristhecat]

I understand what you are talking about and meant just about such game sessions. 3 hours is a good time to "feel the game" to take your mind off everything and have fun. But I talk like a family person and such sessions are definitely not available for me on weekdays, and there are so many things to do with the family on the weekends that I would rather play once a week than twice because I would not like to hear my wife's reproaches, haha.

No husband wants to hear their wife's reproach and when they start talking they'll not gonna stop until they're not done lol.

Well, I have to agree weekends are meant to be for the family, I mean the whole day or so. But, some people can still manage the balance between personal and family leisure. Me too I am a family person, but I've changed a lot now in terms of my gambling habits. I could spend a spare to gamble every other night after work but I choose not to, usually.

Playing before bed when you are already lying in bed with a smartphone seems like a convenient option to play for half an hour or an hour, but from my own experience I can say that gambling can throw me off balance (win or lose) and eventually I will have trouble falling asleep. In my youth this was not a problem, but now I have to take it into account. It's quite funny how age and marital status affect our attitude towards gambling.

[Adbitco]

Somehow this is very helpful but it depends on what kind of games you gamble about at initially when you can decides to choose among the weekly days to gamble or even betting ones per month would really help if only we don't apply greed. Greed is most thing that causes every gambler to lose money, maybe at point of trying to get back what they lost always resulting losing more than before, so at this point whenever you gamble and lost don't you try gambling or place a bet anymore to cover what you have lost instead, take a break for a whole week or a month and predicts your favorites club to predict your games before gambling.

[Lucasgabd]

I understand what you are talking about and meant just about such game sessions. 3 hours is a good time to "feel the game" to take your mind off everything and have fun. But I talk like a family person and such sessions are definitely not available for me on weekdays, and there are so many things to do with the family on the weekends that I would rather play once a week than twice because I would not like to hear my wife's reproaches, haha.

No husband wants to hear their wife's reproach and when they start talking they'll not gonna stop until they're not done lol.

Well, I have to agree weekends are meant to be for the family, I mean the whole day or so. But, some people can still manage the balance between personal and family leisure. Me too I am a family person, but I've changed a lot now in terms of my gambling habits. I could spend a spare to gamble every other night after work but I choose not to, usually.

Playing before bed when you are already lying in bed with a smartphone seems like a convenient option to play for half an hour or an hour, but from my own experience I can say that gambling can throw me off balance (win or lose) and eventually I will have trouble falling asleep. In my youth this was not a problem, but now I have to take it into account. It's quite funny how age and marital status affect our attitude towards gambling.

that's because you need a balanced brain chemistry to sleep
usually serotonin is transformed into melatonin that makes you feel relaxed and asleep
gambling will usually flood your brain with exciting neurotransmitters, it can definitely ruin a good night of sleep

[masulum]

Playing before bed when you are already lying in bed with a smartphone seems like a convenient option to play for half an hour or an hour, but from my own experience I can say that gambling can throw me off balance (win or lose) and eventually I will have trouble falling asleep. In my youth this was not a problem, but now I have to take it into account. It's quite funny how age and marital status affect our attitude towards gambling.

It would be great if that happened to me. I would actually avoid playing before bed. because I was worried that I would lose the game and it made me want to keep playing. When I'm not in control, then I will make more deposits, and this will bother me even more to be able to tide comfortably. This is what I experienced, of course it will different from what was experienced by other members in this forum.