Appropriate percentage of income for gambling

[noormcs5]

As everyone's income is not the same that is different from each other, the percentage that needs to be spent depends on the individual's income and expenses. If someone with a good income spends 12 percent a week, it will not be a problem, but for a person with a low income, it will behave negatively. Already some users have suggested using 5 percent which is definitely a good percentage for gambling. If a gambler regularly spends this small portion of their income on gambling then their gambling will not affect their personal life.

It is better to set a suitable percentage of income for gambling where the risk will be low and there will be no negative effects. It is true that it is better to start small so that even if you lose it will not affect your personal life gambling is a recreational activity. While everyone's entertainment expenses will vary, a suggested maximum of 30 percent of your total entertainment budget seems appropriate so that you can spend on other leisure activities and keep your gambling at a healthy level. Winning is good because it pays to increase gambling action.

According to this guideline The Lower-Risk Gambling Guidelines, we should only invest 1% in gambling.  Why would you risk 30% of your income in gambling or even 5% is as told by the OP seems more.

The reason i am saying this is because gambling is not like investment, where you invest more and gain more. Here the risk is high and if you gamble with more money, chances are that you may lose them all. Better stick with 1% plan and gamble with a risk free mind without any tensions of losing money.

More details has been discussed here on Risking 1% in Gambling

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[Ricardo11]

Everyone has their own decision, what percentage of their income a person will spend on gambling depends on his monthly or weekly income. Everyone will gamble according to their financial status and income. I spend 4% to 5% of my monthly income on gambling. But I don't gamble all the time. I mostly invest in Bitcoin and gamble occasionally.

[MFahad]

Your strategy is good as you limit the amount of money for gambling but if your limit increases after sometimes then gambling can be hazardous for you therefore keep control on your limits always. If someone has fix days on which they gamble and also they use minimum amount each week then gambling cannot be risky but if a person become regular gambler then it is not possible that gambler will quite gambling.

5 percent is a minimum amount and its okay to use such amount but if a person is spending whole salary on gambling then it does not sound better. If your luck does not help you to get profit then don't rush to use extra sum of money but wait for next week so in this case your loss will be reduces.

[Dewi Aries]

Everyone has their own decision, what percentage of their income a person will spend on gambling depends on his monthly or weekly income. Everyone will gamble according to their financial status and income. I spend 4% to 5% of my monthly income on gambling. But I don't gamble all the time. I mostly invest in Bitcoin and gamble occasionally.

It makes sense, about how much money will be allocated to gambling it really depends on a person's ability in terms of finance, if indeed they have a pretty good monthly income or above the average middle class person in his place then maybe if they are someone who  is quite active in gambling then the amount they will allocate as funds for gambling will be greater than people who have a middle to lower income, but sometimes it's not always like that.

There are also some people who have good finances but only put a small amount that if calculated is the same as the amount of funds put by the lower middle class, this is about understanding money and how someone can appreciate the money they have, no matter how rich or poor, or however large and small the amount of their income per month. So I think the amount of money that will be allocated to gambling is not fully known and we cannot if we only look at the size of their income to be able to conclude in terms of measurement. Another thing is the point is if you feel that the amount is not a problem to lose then please do it, and do not try to increase the amount.

[Assface16678]

Everyone has their own decision, what percentage of their income a person will spend on gambling depends on his monthly or weekly income. Everyone will gamble according to their financial status and income. I spend 4% to 5% of my monthly income on gambling. But I don't gamble all the time. I mostly invest in Bitcoin and gamble occasionally.

More like everyone has a different percentage of their income that goes for their gambling habit, and we can't be sure if all the gamblers or the ones that've been answered in this topic really follow the percentage that they have given. I'm sure most don't have a track record of how much they have used for gambling in a week. Let's not be hypocrites; most people use money beyond their budget just to gamble. Not everyone has the strong will and control to limit their gambling expenses. To be honest, as I have a limit on what percentage I can use for gambling, I sometimes go beyond my limit, especially if I'm in a zone, but that zone is the winning zone because I have a strong boundary or limit if I know that my money is going overboard on my gambling limit. If, for example, I win quite a lot, then I will secure the initial capital and gambler the rest of the money until I'm satisfied with whether I earn or not, as long as the capital is safe already.

[pinggoki]

More like everyone has a different percentage of their income that goes for their gambling habit, and we can't be sure if all the gamblers or the ones that've been answered in this topic really follow the percentage that they have given. I'm sure most don't have a track record of how much they have used for gambling in a week. Let's not be hypocrites; most people use money beyond their budget just to gamble. Not everyone has the strong will and control to limit their gambling expenses. To be honest, as I have a limit on what percentage I can use for gambling, I sometimes go beyond my limit, especially if I'm in a zone, but that zone is the winning zone because I have a strong boundary or limit if I know that my money is going overboard on my gambling limit. If, for example, I win quite a lot, then I will secure the initial capital and gambler the rest of the money until I'm satisfied with whether I earn or not, as long as the capital is safe already.

I do think so too that they have a hard time keeping that percentage strict because I feel like it's too constricting but that's just me and maybe you and me are just a bit skeptical about people and that there are people out there that can really keep that percentage and we're just a really bad at keeping a strict percentage for our gambling funds so we think that other people are being reckless and don't follow what percentage they've assigned. I'm the same as you, I almost always go overboard with my gambling but I do have an ample amount of funds so I don't do so much damage in my pocket whenever I gamble.

[Z390]

I always do well with risking one percent of my income on gambling, I can easily lose the money you know, so one percent won't do any hurt to my or my portfolio, nothing feels better than using what wont even hurt at all, and I know this will be harder for those who really want something better from gambling, no risk no reward they say but the higher the risk you are taking the exposure to greater loses for you.

And most gamblers that use more money are those who don't have ways to make money in their lives, maybe due to lack of no job in their country or harsh economy, but the truth need to be told, those who are suppose to be more careful with gambling are those who makes less money, because if you are making more money you will be able to take more risks in gambling. 

That's why having a job is very important, do not use gambling to solve your jobless problem, it's like using kerosene to take out a fire outbreak, that's not the solution, have a source of income first then use some money to start risking on gambling, you will have some losses and some wins but you will feel alright with yourself, knowing that you aren't jobless and money still comes in.

[maydna]

Everyone has their own decision, what percentage of their income a person will spend on gambling depends on his monthly or weekly income. Everyone will gamble according to their financial status and income. I spend 4% to 5% of my monthly income on gambling. But I don't gamble all the time. I mostly invest in Bitcoin and gamble occasionally.

That is a sufficient percentage of a budget for gambling because it is not too big and not too small. And as long as you can control yourself when gambling, that percentage will be enough for gambling. And it is indeed better if the money from your monthly income is used to invest in bitcoin because it promises more profits in the future. By allocating the percentage amount you want in gambling and also investing in bitcoin, you can enjoy gambling activities as intended. You can also make a profit when the price of bitcoin increases. We must be able to maintain the percentage amount for gambling and must not increase the amount of money because that could provide a greater risk of loss.

[Westinhome]

That is a sufficient percentage of a budget for gambling because it is not too big and not too small. And as long as you can control yourself when gambling, that percentage will be enough for gambling. And it is indeed better if the money from your monthly income is used to invest in bitcoin because it promises more profits in the future. By allocating the percentage amount you want in gambling and also investing in bitcoin, you can enjoy gambling activities as intended. You can also make a profit when the price of bitcoin increases. We must be able to maintain the percentage amount for gambling and must not increase the amount of money because that could provide a greater risk of loss.

The gambling need of the sufficient budget to make the good win from the gambling site.Most of the people forgot the importance of the big betting as compared to the small betting.The gamblers thought making the small bet for the safer side,but the fact is the more you deposited will help you to end the game because of the no capital at the end.If you wagger to the dice game,if you start with 50 dollars.The game may end with the no money because of the less initial.If you start with the good money,then you can lay multiple time.If you start with the 200,the game may change to your side at the value of 50 dollars from 200 dollars.But the 50 dollars initial may leads to complete loss.

[maydna]

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The gambling need of the sufficient budget to make the good win from the gambling site.Most of the people forgot the importance of the big betting as compared to the small betting.The gamblers thought making the small bet for the safer side,but the fact is the more you deposited will help you to end the game because of the no capital at the end.If you wagger to the dice game,if you start with 50 dollars.The game may end with the no money because of the less initial.If you start with the good money,then you can lay multiple time.If you start with the 200,the game may change to your side at the value of 50 dollars from 200 dollars.But the 50 dollars initial may leads to complete loss.

But every gambler must know that even though he has a sufficient budget, gamblers must also know that they cannot always win from gambling, so they also don't need to gamble too seriously and just enjoy gambling. By betting small, at least gamblers have tried to prevent big losses and can also play gambling longer. But they also have to maintain good self-control so they can prevent more losses. What we have to remember is that we only need to use the money we can afford to gamble and not gamble for too long because that can make us tempted to try other gambling games. Only we know what percentage of money we can use to play gambling because we have to calculate all the money we get from our income, and then we can use what percentage to play gambling. Perhaps 5% -10% is enough to be a budget for gambling.

[wiss19]

Your strategy is good as you limit the amount of money for gambling but if your limit increases after sometimes then gambling can be hazardous for you therefore keep control on your limits always. If someone has fix days on which they gamble and also they use minimum amount each week then gambling cannot be risky but if a person become regular gambler then it is not possible that gambler will quite gambling.

5 percent is a minimum amount and its okay to use such amount but if a person is spending whole salary on gambling then it does not sound better. If your luck does not help you to get profit then don't rush to use extra sum of money but wait for next week so in this case your loss will be reduces.

The amount one will use depends on how deep one has gone in the ocean of gambling addiction. A person with no addiction at all wouldn't spend more than a fixed amount no matter how much it is, it doesn't always have to be 5% of the total income because a lot of people can use more than that without having any other things in their lives getting disturbed. An addicted gambler would know no stopping as long as they have money because they usually tend to lose first and then chase their losses and then lose more in that process.

So, not every gambler will spend all their salary on their gambling activities but not everyone will use 5% or anything around that. Those who gamble with a minimal amount or percentage of their income wouldn't increase their limit unless they know they can afford to do that but there is no point because they don't gamble for money and one can have fun even with a smaller amount.

[Ever-young]

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?

Whether 2, 5, 10 or whatever percentage anyone choose to use shouldn't really be a problem, as long as you don't gamble into other budgets, every gambler has their own preferences, what works for you may not work for me, and vice versa, maybe 5% works perfectly fine for you, doesn't mean someone else has to go with the same percentage in other to be considered a responsible gambler, some weeks, I can go with 5% and sometimes I can go with 10, it does vary, but the most important thing is that I don't let it cut deep into other budgets,l. So everyone should stick to what works best for them.

[Davidvictorson]

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?

For anyone who is still confused about the appropriate percentage of income for gambling after reading this thread, I recommend that, whatever percentage you feel comfortable with, you should split it into three parts. Spend the lowest percentage on gambling. As you begin to get the hang of it and experience fewer losses, you can then go ahead and split the percentage into two parts, using one half. Continue this process until your wins exceed your losses. Then you stop splitting it.  This is my personal strategy that has worked for me.

[Antotena]

The gambling need of the sufficient budget to make the good win from the gambling site.Most of the people forgot the importance of the big betting as compared to the small betting.The gamblers thought making the small bet for the safer side,but the fact is the more you deposited will help you to end the game because of the no capital at the end.If you wagger to the dice game,if you start with 50 dollars.The game may end with the no money because of the less initial.If you start with the good money,then you can lay multiple time.If you start with the 200,the game may change to your side at the value of 50 dollars from 200 dollars.But the 50 dollars initial may leads to complete loss.

I don't think you need money to win big amount of money and you also need a big amount. With small amount in wager, you can win big amount with either a high multiplier of you do casino and you can also do that in betting with high odds but this is based on luck as well, your predictions will most likely break along the line and are difficult to win but people are also making here once in a blue moon.

Using big amount is also a good master plan and with small multiplier or odd and you will win but it doesn't guarantee the success, if you are reckless plaster any money without good skills, good thinking of next move, you will not make a cent from the gambling platform. In everything you do in gambling, just make sure that you have good skills that will give you good returns and gamble responsibly.

[Mahanton]

The gambling need of the sufficient budget to make the good win from the gambling site.Most of the people forgot the importance of the big betting as compared to the small betting.The gamblers thought making the small bet for the safer side,but the fact is the more you deposited will help you to end the game because of the no capital at the end.If you wagger to the dice game,if you start with 50 dollars.The game may end with the no money because of the less initial.If you start with the good money,then you can lay multiple time.If you start with the 200,the game may change to your side at the value of 50 dollars from 200 dollars.But the 50 dollars initial may leads to complete loss.

I don't think you need money to win big amount of money and you also need a big amount. With small amount in wager, you can win big amount with either a high multiplier of you do casino and you can also do that in betting with high odds but this is based on luck as well, your predictions will most likely break along the line and are difficult to win but people are also making here once in a blue moon.

Using big amount is also a good master plan and with small multiplier or odd and you will win but it doesn't guarantee the success, if you are reckless plaster any money without good skills, good thinking of next move, you will not make a cent from the gambling platform. In everything you do in gambling, just make sure that you have good skills that will give you good returns and gamble responsibly.

Small bets could make out some huge winning basing up whether you are doing some parlays or hitting up some slot jackpots or huge multipliers but other than that, there's no way that you could be able to attain those
numbers. When it comes to budget allocation then spending up 12% with your income is really just that too much or something not that recommendable. I highly doubt that there are even more people who do spend more than with those percentages on which it is really just that not a good idea because you are really that putting yourself at great risks on losing more.

We do have different priorities in life on which it would really be just that normal that we shouldnt really be spending up on the money that we cant afford to lose and heck
spending a huge chunk into your salary with gambling is simply a suicide and its never been that recommendable in the first place on having that kind of
spending. Only spend a few percentage and not a huge deduction into your overall salary or pay.

[Sandra_hakeem]

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.

5% of your weekly income?? Goodness lord..do you mean what you get in here from campaigns or?? What type of job pays weekly? How about the peeps that don't get Thier stipends on weekly basis, is this question also for them?...if you're actually a heavy staker, your weekly bankroll of atleast 5% of your stipend doesn't even deem your urge, talk more of the monthly salary earners; (In most cases,a satisfactory bankroll would consume almost everything everything before it' gets to MAYDAY)

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?

Right?any percentage is okay... You could also decide not to gamble at all..

Sandra 🧑‍🦰

[letteredhub]

I always do well with risking one percent of my income on gambling, I can easily lose the money you know, so one percent won't do any hurt to my or my portfolio, nothing feels better than using what wont even hurt at all, and I know this will be harder for those who really want something better from gambling, no risk no reward they say but the higher the risk you are taking the exposure to greater loses for you.

People's sources of income differs and how the money flows in percentage also differ. There are people that are traders, skill or craftman, their income amount isn't stable it comes in scattered amounts . These group of persons as gamblers can really stick to a particular percentage for their gambling, except they just have to stick to the principal of gambling responsibly.

And most gamblers that use more money are those who don't have ways to make money in their lives, maybe due to lack of no job in their country or harsh economy, but the truth need to be told, those who are suppose to be more careful with gambling are those who makes less money, because if you are making more money you will be able to take more risks in gambling. 

You nailed it in a way that it suites my reading pleasure as it's something of a practical experience I am observing among youths in my country as there's limited job opportunities and you have to see even school graduates spending most of their entire day in the gambling hall in the hope that they can maintain an income source from gambling, and every little money they have it's straight to gamble they bets on sports bets which is one of the most popular games they bet on over here. If you have a job that's giving you a steady monthly or weekly income  you won't have the time to spend daily in the bet halls, and that can limit how much risk you regularly take and how bets you make as there's no always a free time for you.

[danherbias07]

As everyone's income is not the same that is different from each other, the percentage that needs to be spent depends on the individual's income and expenses. If someone with a good income spends 12 percent a week, it will not be a problem, but for a person with a low income, it will behave negatively. Already some users have suggested using 5 percent which is definitely a good percentage for gambling. If a gambler regularly spends this small portion of their income on gambling then their gambling will not affect their personal life.

It is better to set a suitable percentage of income for gambling where the risk will be low and there will be no negative effects. It is true that it is better to start small so that even if you lose it will not affect your personal life gambling is a recreational activity. While everyone's entertainment expenses will vary, a suggested maximum of 30 percent of your total entertainment budget seems appropriate so that you can spend on other leisure activities and keep your gambling at a healthy level. Winning is good because it pays to increase gambling action.

According to this guideline The Lower-Risk Gambling Guidelines, we should only invest 1% in gambling.  Why would you risk 30% of your income in gambling or even 5% is as told by the OP seems more.

The reason i am saying this is because gambling is not like investment, where you invest more and gain more. Here the risk is high and if you gamble with more money, chances are that you may lose them all. Better stick with 1% plan and gamble with a risk free mind without any tensions of losing money.

More details has been discussed here on Risking 1% in Gambling

I do agree with that number. I invest only less than 5% of my salary for my gambling habit and I don't even have a high monthly salary so that is why. 1 percent might not make me hit the RTP so I have to add some just so I could prolong my playing time. Some 3 percent or 4 percent but I don't beyond that because for me it's wrong and it's being irresponsible if you have a family to take care of.
It's a habit, a bad one, just like smoking and alcohol that's why there should be moderation when it comes to how much money we are going to fund our habits.
I already stopped smoking so that's less expense for me and I don't want that excess money to go to another habit so just putting a little money should suffice just so I could entertain myself by betting on sports that I love and maybe win some in casino games that I usually play and enjoy too.
It's not bad to satisfy our urges to gamble but as long as we know the limit then I think we are still good to go. Stop when there's no money left, don't keep on chasing what can never be attained back. It's just fantasy most of the time.

[lionheart78]

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.

5% of your weekly income?? Goodness lord..do you mean what you get in here from campaigns or?? What type of job pays weekly? How about the peeps that don't get Thier stipends on weekly basis, is this question also for them?...if you're actually a heavy staker, your weekly bankroll of atleast 5% of your stipend doesn't even deem your urge, talk more of the monthly salary earners; (In most cases,a satisfactory bankroll would consume almost everything everything before it' gets to MAYDAY)

You can calculate your weekly income even if you are paid bi-monthly, monthly, quarterly, semi annually or annually.  Even daily income can be calculated.  From that statement of 5% weekly income, it means 20% of the monthly income. 

For me as long as that amount can be afforded to lose, I do not find any problem spending that amount.  Any percentage is good as long as the person can afford to lose that amount.

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?

Right?any percentage is okay... You could also decide not to gamble at all..

No, I disagree that any percentage is ok, any percentage that  a person cannot afford to lose, is a bad move.  Like spending the amount for gambling that is allocated for  monthly bills, that is a no no for me.

[TelolettOm]

As everyone's income is not the same that is different from each other, the percentage that needs to be spent depends on the individual's income and expenses. If someone with a good income spends 12 percent a week, it will not be a problem, but for a person with a low income, it will behave negatively. Already some users have suggested using 5 percent which is definitely a good percentage for gambling. If a gambler regularly spends this small portion of their income on gambling then their gambling will not affect their personal life.

Dude, I think it is not about the percentage of the monthly income but it is about the amount of money used for gambling. If we are talking about the percentage, it can be the same for all level of financial status. But if we are talking about the amount of money, surely it will be very different. 1% monthly income of a rich person must be different with 1% of monthly income of a poor one. I hope you get the point!  

5% is enough to use for gambling if you are just an average gambler. But if you are a professional gambler, you may use bigger percentage because you know well how to get bigger money from the gambling games. So, we can adjust the percentage of income to use in gambling according to our purpose. If the focus is for entertainment, we shouldn't spend much money.