Appropriate percentage of income for gambling

[Wakate]

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.

The percentage we want to put into betting should be based on how much we are making outside gambling. Those that has money and are working in a place where they are paid huge amount of money can always determine how much they will be putting into gambling.
 
To determine how much we are putting into gambling should be based on how much we are making from betting. Those that have made lots of profits from betting will not bother much on how much they will be using to bet since the money is still part of the overall profits they had made from gambling. To those that had not made much profits from gambling, it is good for them to based their percentage on low and not spend too much gambling for premium safety.

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[1715368141]

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[$crypto$]

The percentage we want to put into betting should be based on how much we are making outside gambling. Those that has money and are working in a place where they are paid huge amount of money can always determine how much they will be putting into gambling.
 
To determine how much we are putting into gambling should be based on how much we are making from betting. Those that have made lots of profits from betting will not bother much on how much they will be using to bet since the money is still part of the overall profits they had made from gambling. To those that had not made much profits from gambling, it is good for them to based their percentage on low and not spend too much gambling for premium safety.

Use the smallest possible percentage for gambling from your monthly income even if you have a large salary out there while you increase the percentage then it is quite worrying because of the fear of increasing the amount of the percentage because we feel we have a large salary.

That's my current rule of thumb in gambling, depending on how I win in it: for example, I have won in any gambling and have exceeded the initial capital limit, then it will be set aside in gambling to continue some of it is withdrawn for other purposes maybe fun outside gambling.

If I lose, it will be put back a small percentage like the original plan above.

[Oilacris]

The percentage we want to put into betting should be based on how much we are making outside gambling. Those that has money and are working in a place where they are paid huge amount of money can always determine how much they will be putting into gambling.
 
To determine how much we are putting into gambling should be based on how much we are making from betting. Those that have made lots of profits from betting will not bother much on how much they will be using to bet since the money is still part of the overall profits they had made from gambling. To those that had not made much profits from gambling, it is good for them to based their percentage on low and not spend too much gambling for premium safety.

Use the smallest possible percentage for gambling from your monthly income even if you have a large salary out there while you increase the percentage then it is quite worrying because of the fear of increasing the amount of the percentage because we feel we have a large salary.

That's my current rule of thumb in gambling, depending on how I win in it: for example, I have won in any gambling and have exceeded the initial capital limit, then it will be set aside in gambling to continue some of it is withdrawn for other purposes maybe fun outside gambling.

If I lose, it will be put back a small percentage like the original plan above.

Use of the percentage on which we can really be able to say that it would really be something that cant really affect our finances and not something that will really be able to devastate
when it comes to financial. It is really just that part of our responsibility for us to have  that kind of consideration and being that mindful about on the money that we are spending.
You wont really be putting up yourself on such big trouble if you are really just that aware on what you are doing because gamblers do usually even fail on doing the basic things
when it comes to spending. They would really be that able to realize things when its already too late. You cant really that make yourself that profitable all the time with gambling.

[Sanugarid]

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?

Budgeting is important especially for gambling, I also use 5% for gambling. I also don't gamble often, maybe I only gamble once or twice in 1 month, there are even times when I don't gamble for the whole month. I'm also very busy and if I have time, I often don't spend that free time on gambling. It's really fun to play gambling but while you're playing you shouldn't overcommit to it because it's very dangerous if you let yourself become an addict or an irresponsible gambler.
Luckily I never became an addict and I don't look for gambling.

[Cookdata]

Use the smallest possible percentage for gambling from your monthly income even if you have a large salary out there while you increase the percentage then it is quite worrying because of the fear of increasing the amount of the percentage because we feel we have a large salary.

That's my current rule of thumb in gambling, depending on how I win in it: for example, I have won in any gambling and have exceeded the initial capital limit, then it will be set aside in gambling to continue some of it is withdrawn for other purposes maybe fun outside gambling.

If I lose, it will be put back a small percentage like the original plan above.

There is nothing that beat proper planning especially when it comes to anything thag involved money. When you see people say use a percentage from your monthly income(most often than not 1%), some others think it's an exaggeration but to be honest, nothing beat that in gambling. Sometimes, I will be just on Twitter having my normal time on timeline and then I saw a betting codes from a friend and I get tempted to bet on such games but when I remember that I have an allocation and I can't gamble more than that, I stopped instantly.

When you are limited with an allocation, it gives you time to think before pressing stake orbet because as soon as you bet that money, then you know it's not coming back, the coming is under a probability and doing unnecessary and wasting money on bets is limited, with that even addiction becomes very low as you don't even get chances of becoming addicted gambler.

[Obari]

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

I’ve seen a story where a family man with about 4 kids worked for over 8 months but kept telling his family that he wasn’t working and it was later discovered that he was earning over $500 monthly but gambled 100% of his earnings and couldn’t even meet up with life and he even had to borrow to gamble but his better now according to the recent stories I’ve heard now and that’s why his story came to my mind when I saw your thread.

I like it when I see people having a goal and principles and strife to keep to it especially in gambling because I know it is always difficult to determine one’s percentage of income imputed in gambling because it is always unpredictable.

[Westinhome]

I’ve seen a story where a family man with about 4 kids worked for over 8 months but kept telling his family that he wasn’t working and it was later discovered that he was earning over $500 monthly but gambled 100% of his earnings and couldn’t even meet up with life and he even had to borrow to gamble but his better now according to the recent stories I’ve heard now and that’s why his story came to my mind when I saw your thread.

I like it when I see people having a goal and principles and strife to keep to it especially in gambling because I know it is always difficult to determine one’s percentage of income imputed in gambling because it is always unpredictable.

If the gambler is the family man,the story will be different compared to the gambler who is working bachelor.The gambler who are financially independent when he is bachelor and he can use the money 10-20 percentage of their salary without any hesitation.But the family man should answer to their wife for every expenses made on their salary.Since he had informed their wife about their monthly salary and expenses made by him.

Before the marriage one can do the target in their life and work for the same.But the life after the marriage was not same before it was to him.This was the reason for which the gambler who doing the gambling after the marriage will try to do gambling without the knowledge of their family.If he had win money from the gambling,their was huge chance of the gambler to share their gambling activities to their family.

[wallet4bitcoin]

The ideal percentage needed for gambling and trading is about the same, somewhere around 3-5% is termed ideal.

It makes you stay disciplined and stay on course without over spending and getting wrecked as well as getting addicted.

Your normal expenditure in real life isn't disturbed by your gambling life as a result of the percentage.