Appropriate percentage of income for gambling

[Bitinity]

I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble. I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?

I think it would depend mainly on a person's financial circumstance. If a person does not have any financial problems to maintain his family then spending 12 percent on gambling in his favor will not have any effect. On the other hand, those with lower incomes may find it difficult to spend 12 percent. In that case 5 percent may be appropriate. But if someone spends 5 percent of money every month on gambling then it will not affect that person. But some gamblers become so addicted to gambling that in some cases they spend a large part of their income on gambling which should not be done.

When we use specific number of percentage, the amount can be so small but also can be so big. Lets say our weekly income is $50, 5% is just $2.5 which so small amount of money to gamble. In this case, I would prefer to not gamble at all if I have $2.5 only to gamble. On the other hand, lets say our weekly income is like someone who known to be billionaire such as Elon Musk. Can you imagine how much is 5% of his weekly income? It can be so huge amount of money to spend on gambling. Instead of using specific percentage based on our income, I believe it is better to gamble with spare money only after we spend our income for other more important things.

[1715355998]

1715355998

[m2017]

I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble. I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?

It's funny to hear this when gamblers talk about weekly gambling spending. Why don't you talk about weekly winnings of 5% or 12%? You initially go to the casino ready to lose that 5% and with the knowledge that it will happen. And also, resigned to the fate that for the most part, you will lose and leave 5% (maybe more) of your budget in the casino balance.

It looks a little strange, knowing that losses are expected, to continue to act purposefully taking these losses and all for the sake of the illusory hope that the gain will cover these losses.

For weekly gambling income, any percentage that is higher than your expenses is fine. Only I'm not sure if gamblers will be able to maintain this level on a weekly basis, because it depends on RTP, and not on their skills and talents.

Casinos couldn't exist if it wasn't profitable. Every gambler hopes that he can outwit the casino and not be among their sponsors. But statistics are stubborn things.

[jrrsparkles]

As I'm reading through so many of these responses, I can't help but wonder how many of you are actually investing the right percentages of your weekly pay to necessities such as your retirement plan and healthcare, and which of you are using money that would go to those important things are going to your gambling habits. 

I don't have a % set of any sort. I bet when I want to make bets. If I had a percentage I'd be an out of control gamblers, which thankfully I've never been.

Compulsion towards spending for gambling on weekly or monthly basis also similar to an addiction but since the user is under control of financial allocation there won't be any huge financial loss.

I am also against that kind of gambling and all I do is just random, if I feel I want to gamble then I just deposit an amount subjective to my risk appetite and try to exhaust or win big but I am not going to try that too often which means I am more balance not centric towards gambling.

[elevates]

Just now saw on the poll that there are 3 users who voted for less than 30%. Must be pro gamblers or addicts as they can only use maximum  30 percent of their salary for gambling. In general most of us voted for the 5% base but in real life scenario that would exceed to 10% easily. It is hard to keep a track of the amount when you are playing and most of the times most fail to restrict themselves and do exceed the gambling budget. Only a disciplined gambler shoes bank roll is handled by someone else can restrict themselves from going above the benchmark.

[swogerino]

Just now saw on the poll that there are 3 users who voted for less than 30%. Must be pro gamblers or addicts as they can only use maximum  30 percent of their salary for gambling. In general most of us voted for the 5% base but in real life scenario that would exceed to 10% easily. It is hard to keep a track of the amount when you are playing and most of the times most fail to restrict themselves and do exceed the gambling budget. Only a disciplined gambler shoes bank roll is handled by someone else can restrict themselves from going above the benchmark.

We all voted for 5% but the reality is that we all exceed it very easily as the rage and the emotions of the gambling session can dictate us to further and much further some times yet the 30% of the salary is a huge amount to be playing in gambling.Let's take the average German net salary of 2500 EUR and that is 750 EUR to gamble,that 30% some people have voted here,of course they must be either pro gamblers or addicts but mostly pro as addicts can easily play all their salary in gambling in a very short amount of time and not have a sense of what they have just done.Self discipline can be learned only through bad experiences and hard ships and only these people can stay at their predetermined amount set away for gambling.

[bettercrypto]

Honestly speaking, twice a month or sometimes once. I've only been gambling for a month, because I can't rely on gambling to win so that I can pay the bills every month on my bills and even my expenses in my daily life.

Also, my monthly salary is not much. It's just moderate and I can somehow survive. Maybe the only people who will do that are those who have a lot of extra money to gamble with and those who are really wealthy in life. And even if I earn 1k$ a month I won't spend 5% of it just for gambling because the amount of 20$ bet is high for me.

[noormcs5]

I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble. I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?

You spend 5% of your weekly income on gambling and others who spend 12% are also responsible gamblers but do you know that the majority of the people will spend 80% or even 100% of their income in order to double or lose all?

The gamblers are known for taking risks and they usually find this 5-10% of their capital not enough to meet their gambling needs. Most of gamblers do not even know that there is any money management in gambling. If everyone could follow these money management techniques, for sure, no gambler will lose all his portfolio.

[Westinhome]

I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble. I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?

It's good idea to use of gambling site,because if you not fix the amount of deposit.It's leads to the addiction to the gambling site,So fix the amount to use of the gambling site.The most important factor is you should use the free money for the gambling instead of using the huge money.You should see all the old games to get some tactics for the game.If you are going to play the dice game,you should check the old roll of that dice game in the past.Then you can get the idea of dice number which is fit for the bet your money.

[_act_]

It is hard to keep a track of the amount when you are playing and most of the times most fail to restrict themselves and do exceed the gambling budget. Only a disciplined gambler shoes bank roll is handled by someone else can restrict themselves from going above the benchmark.

It is not hard for me to use like 5% of my weekly income to gamble. The people that this can be hard for are people that are not yet married, because people that are married have responsibility which they would want to fulfil as a good husband and father. But there are some people that are not married too thay know that the more money they put on gambling the more likely that they will lose, those kind people will not put too much money on gambling. The reason for having a budget for gambling is just because of this, to avoid addiction and spending of too much money on gambling. If you know you are gambling with more than the budget you set for it, it is a sign that gambling is becoming a problem in your life.

[leonair]

I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble. I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?

A profit limit of 5% per week is not a big target that can be met and it is possible to earn from gambling with such a small target because those who want to get rich in a short period of time are the ones who suffer greatly from gambling. Gambling with a limitation is a good strategy.  Because it helps to control our-self which saves from many big losses. Greed destroys people and that's why those who want to get rich quickly from gambling they are the ones who end up in danger and at some point fall into deep addiction of gambling

[piebeyb]

Honestly speaking, twice a month or sometimes once. I've only been gambling for a month, because I can't rely on gambling to win so that I can pay the bills every month on my bills and even my expenses in my daily life.

Also, my monthly salary is not much. It's just moderate and I can somehow survive. Maybe the only people who will do that are those who have a lot of extra money to gamble with and those who are really wealthy in life. And even if I earn 1k$ a month I won't spend 5% of it just for gambling because the amount of 20$ bet is high for me.

that's good friend, you don't make gambling your source of income, it's true that for small gamblers maybe 5% is very large even though they have a very large income in salary at work or business income, because maybe small gamblers understand more about how to control themselves than big gamblers who waste more than 50% of their income on gambling, they as small gamblers usually don't care about how to win against the casino but prioritize having fun and enjoying the game.

I'm also a small gambler, maybe 2% is more than enough, but 5% won't hurt as long as you can control it and limit each budget, also limit the amount of losses and wins so you don't follow the game too deep, because gambling too deep makes it easier for us to get stuck with addiction, because if you have become an addict it is rather difficult to cure it if it doesn't come from himself. so gambling within our means is more than enough

[Oshosondy]

A profit limit of 5% per week is not a big target that can be met and it is possible to earn from gambling with such a small target because those who want to get rich in a short period of time are the ones who suffer greatly from gambling. Gambling with a limitation is a good strategy.  Because it helps to control our-self which saves from many big losses. Greed destroys people and that's why those who want to get rich quickly from gambling they are the ones who end up in danger and at some point fall into deep addiction of gambling

You are right, but even with the low amount of money, peope should not think of gambling as a way of making money, the 5% I go for is the amount that I can lose and never thing about it. I mean I can be able to afford to lose 5% of my weekly income to gambling. To make profit is not what I can think about while gambling because if not taking gambling as fund it may lead to using high amount of money.

[bisdak40]

You are right, but even with the low amount of money, peope should not think of gambling as a way of making money, the 5% I go for is the amount that I can lose and never thing about it. I mean I can be able to afford to lose 5% of my weekly income to gambling. To make profit is not what I can think about while gambling because if not taking gambling as fund it may lead to using high amount of money.

Just curious, that 5 percent that you allocate, does it come from your regular day job or just from the signature campaign pay that you receive every week here because if it comes from your day job then that hurts, budget-wise.

[topbitcoin]

I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble. I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?

Gambling is not about needs but wants, so fulfill your and your family's needs first before deciding to play gambling.

What we have to do is limit our spending on gambling, which is a maximum of 10% of your weekly income. Not that we have to set aside every week, but first meet your and your family's needs. What needs to be set aside is money for saving, not for gambling. and your savings, so don't ever be implied to do gambling and force yourself to set aside money for gambling let alone use money for your needs to be used to play gambling.

I think we are all adults when we want to do gambling and can determine when you play and when you decide not to play, especially those who already have dependents, they must be able to manage it. Don't let wants beat needs.

[ethereumhunter]

A profit limit of 5% per week is not a big target that can be met and it is possible to earn from gambling with such a small target because those who want to get rich in a short period of time are the ones who suffer greatly from gambling. Gambling with a limitation is a good strategy.  Because it helps to control our-self which saves from many big losses. Greed destroys people and that's why those who want to get rich quickly from gambling they are the ones who end up in danger and at some point fall into deep addiction of gambling

You are right, but even with the low amount of money, peope should not think of gambling as a way of making money, the 5% I go for is the amount that I can lose and never thing about it. I mean I can be able to afford to lose 5% of my weekly income to gambling. To make profit is not what I can think about while gambling because if not taking gambling as fund it may lead to using high amount of money.

5% is an acceptable amount because it's not too big but we have to keep maintaining that amount so it doesn't get big. And even though we will lose after playing gambling, with that 5%, our losses will not be too much so we can still save another amount of money. We can save it until a few days later or next week to play gambling. And it's good if you don't think about making a profit from gambling because it helps you to avoid gambling addiction so you can control your gambling.

[slapper]

Honestly speaking, twice a month or sometimes once. I've only been gambling for a month, because I can't rely on gambling to win so that I can pay the bills every month on my bills and even my expenses in my daily life.

Also, my monthly salary is not much. It's just moderate and I can somehow survive. Maybe the only people who will do that are those who have a lot of extra money to gamble with and those who are really wealthy in life. And even if I earn 1k$ a month I won't spend 5% of it just for gambling because the amount of 20$ bet is high for me.

that's good friend, you don't make gambling your source of income, it's true that for small gamblers maybe 5% is very large even though they have a very large income in salary at work or business income, because maybe small gamblers understand more about how to control themselves than big gamblers who waste more than 50% of their income on gambling, they as small gamblers usually don't care about how to win against the casino but prioritize having fun and enjoying the game.

I'm also a small gambler, maybe 2% is more than enough, but 5% won't hurt as long as you can control it and limit each budget, also limit the amount of losses and wins so you don't follow the game too deep, because gambling too deep makes it easier for us to get stuck with addiction, because if you have become an addict it is rather difficult to cure it if it doesn't come from himself. so gambling within our means is more than enough

Do novice gamblers have a better grasp of self-limitation than seasoned pros? I guess I will! That's a novel approach to playing the odds. The big spenders and gamblers, flush with cash and living life to the fullest. And then there's you, a relatively little player who is playing it safe and slowly building your position. What, only 2%? And if you're very lucky, maybe 5% every once in a while? The home, as the old adage goes, always has the upper hand. That is, unless you're not in it to win it. You participate because you enjoy the competition, the company of your peers, and the thrill of the moment. Your warning about addiction is very valid, so props to you for that. It's insatiable like a ravenous beast that never seems satisfied. But you've got it worked out with your 2% and your limits. Is that not the case?

[Negotiation]

I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble. I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?

It's good idea to use of gambling site,because if you not fix the amount of deposit.It's leads to the addiction to the gambling site,So fix the amount to use of the gambling site.The most important factor is you should use the free money for the gambling instead of using the huge money.You should see all the old games to get some tactics for the game.If you are going to play the dice game,you should check the old roll of that dice game in the past.Then you can get the idea of dice number which is fit for the bet your money.

Rightly said mate, if you can control yourself from gambling addiction it is easy to fix the amount of everything. It is better to start with less but a person also has to calculate the income and expenses. Playing the maximum bet does not increase the odds, considering the machine is programmed to randomly generate results. Also, if you hit the casino on a tight budget it may not last long if you're maxing out on every game. Before getting rich it is important to remember that only a small number of sports betting is profitable.

[Outhue]

I won't dare gamble with 5% of my income for gambling every week, that's a lot in a month's time, I would rather invest the money into Bitcoin as this is a guaranteed investment over gambling, I am a businesswoman and I have my own fashion home, my gambling every week depends on how much I make in a week, so I don't have a fixed budget for gambling, but I always make sure that 2% of my money I make per week will go into gambling, it's not a must, if sales aren't looking good for that week I won't gamble, it's not as if I am even making a lot from gambling anyways.

It's safe to say that my gambling decision depends on how much I will make in the week

[hyudien]

What percentage of weekly income do you think is right for gambling?

In the past maybe I was quite active in allocating a percentage of my finances for gambling, but not anymore and I only bet very small amounts to just play games. Because more and more I realize that gambling does not have to be taken as a serious option to make it part of the mandatory financial allocation. Out there, people who do have some kind of card game skill still make sense to allocate a financial percentage but if only as a gambler who relatively plays in games based on luck, my advice is that it's better not to do the same thing because the risk of losing is greater than the profit.

[tusandii]

I won't dare gamble with 5% of my income for gambling every week, that's a lot in a month's time, I would rather invest the money into Bitcoin as this is a guaranteed investment over gambling, I am a businesswoman and I have my own fashion home, my gambling every week depends on how much I make in a week, so I don't have a fixed budget for gambling, but I always make sure that 2% of my money I make per week will go into gambling, it's not a must, if sales aren't looking good for that week I won't gamble, it's not as if I am even making a lot from gambling anyways.

It's safe to say that my gambling decision depends on how much I will make in the week

That's good, it means you have limits that allow for budget overruns to not occur in gambling.
There are many gamblers out there who cannot manage and limit the budget to use for gambling and on average make a gradual deposit where at the beginning of the game session they deposit $ 50 and after a while they will deposit again and continue to do it even worse until they run out of all the money they have owned.

Setting a budget limit based on a week's earnings is also a good thing to do and I still do it to this day.