Appropriate percentage of income for gambling

[SOKO-DEKE]

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?

Risking 5% of your earnings on gambling I can't say that is a bad idea, but I can rather say that you have to find a good strategy to minimize your risk in gambling. I believe if others can go with this percentage of their earnings, many will not complain much about gambling again. To minimize risk in the gambling industry, you should only bet with what you can afford to lose, like money that if you lose, it will not affect you in any ways. Many people perceive gambling as a bad thing because of the way they gamble, especially in high-stakes games with the aim of winning big. I believe that anything we don't have assurance over, we should limit our risk by no putting a large amount thing like that.

I don't budget a specific percentage of my income for gambling because I don't gamble every often. However, whenever I do want to gamble, I only use money that I can afford to lose to gamble because that shouldn't have any lasting effects on me. As a result, whenever I am staking, I only stake with small amount money  because I view gambling as a way to have fun rather than a way to and become wealthy as some people are thinking

[STT]

Way less then 10% I'd say safest is about 1% or just about the same amount you would commit to spending on a leisure activity.   The problem develops where people confuse spending which gambling really is with the returns possible and call it money making.   Some end up spending 100% of income and thats drastically going to lead to a bad place, treat the money as spent and any back as a bonus and it should be right.

[Casdinyard]

Good for you if you can live with that kind of setup, but in my honest opinion I'd never go as far as 2% when it comes to filling my bankroll especially if it's on a weekly basis. Suppose your regular weekly salary's around 200 bucks, if you go so far as to put up 5% of your weekly profits just so you can fund your gambling behavior you'd be surprised to find out how much it eats up at your expenses. In my opinion you shouldn't even gamble weekly, only on occasions when you feel like it. You can't just say that you're "gambling for entertainment only" cause if you were, you wouldn't even allocate a part of your pay just so you can fund your gambling habits.

But let's throw that off to the window and talk about the crux of the matter. For me, you could probably get by with just at least 2% of your monthly salary if you're really a dedicated gambler. If you're afraid your bankroll's gonna be so low then I have bad news for you buddy, you're probably addicted.

[Docnaster]

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?

Risking 5% of your earnings on gambling I can't say that is a bad idea, but I can rather say that you have to find a good strategy to minimize your risk in gambling. I believe if others can go with this percentage of their earnings, many will not complain much about gambling again. To minimize risk in the gambling industry, you should only bet with what you can afford to lose, like money that if you lose, it will not affect you in any ways. Many people perceive gambling as a bad thing because of the way they gamble, especially in high-stakes games with the aim of winning big. I believe that anything we don't have assurance over, we should limit our risk by no putting a large amount thing like that.

I don't budget a specific percentage of my income for gambling because I don't gamble every often. However, whenever I do want to gamble, I only use money that I can afford to lose to gamble because that shouldn't have any lasting effects on me. As a result, whenever I am staking, I only stake with small amount money  because I view gambling as a way to have fun rather than a way to and become wealthy as some people are thinking

In as much as many gamblers do not necessarily buy the idea of bringing out a certain percentage from their income whrn gambling,  having a specific percentage from ones daily, weekly, monthly or yearly income to gamble with is a very wise decision and character that's worthy enough to imbibe by all who engage in gambling.
Bringing out a certain percentage makes one to know when to stop gambling especially when there little or no winning by the gambler

[Mate2237]

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 by force so whatever way you want to gamble is you decision. If you think 5% is only for you in the week and you are okay for that then it is nice. That 12% you are mentioning is under probability, there are some addicted gamblers that spend more than percentage per week. In gambling if you spend big and you have luck to win one game, you will win big so gamblers also look those factors to gamble.
As for me there is no specific percentage for weekly gambling. You can gamble any amount of money but gamble what you can lost. The amount that when you lose it will not pain you.

[Johnyz]

Probably below 10% of my total income for the Month since I don’t gamble always and spending weekly might not be ideal for me. Having this limit is ok as long as you commit on that and make sure not to go beyond or else you might be addicted to gambling. There are some gamblers who have this budget limit but still able to enjoy gambling, so don’t think that if you have a small capital you can’t enjoy gambling anymore.

[Mahanton]

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?

Numbers would be totally different on each person on which there are some who do set out limits but majority of them wouldnt really be having or totally random when it comes to their spending.
People would usually be making out some limits on the time that they would really be having some bad experiences and unfortunate events that happened in the past towards gambling but
if they havent still able to experience such stuff then for sure they would really be still continue to play no matter what or as long they do have the money on their pocket.

Generalizing? This is most likely people do end up on which it is really that recommended that you should really be having that control and allocation on your gambling spending which it wont really be putting you up
on a hard situation like shortage on financial because you do have spent it already on gambling.We do have lots of priorities in life when it comes to needs and other means. Unless if you are that
extremely rich then it wont be that an issue but bare in mind that there's no such thing about unlimited funds or money on this world. Gambling could easily fuck you up no doubt.

[DoublerHunter]

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?

^As long as you can afford it I think there is no fixed percentage that universally applies to everyone, as it depends on various factors such as your disposable income, financial goals, and priorities. Because for me, many responsible gambling guidelines suggest that limiting your gambling expenditure to a small portion of your income is a good decision. For a responsible gambler, setting aside 2% to 5% of their total income for gambling may be considered reasonable. This allows for recreational gambling while still maintaining financial stability and minimizing the potential negative impact on your overall financial well-being. Remember that if allocating a higher percentage of your income to gambling would create a financial strain or put you at risk of financial instability, it is advisable to consider a lower percentage or even abstain from gambling altogether.

[AmoreJaz]

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 by force so whatever way you want to gamble is you decision. If you think 5% is only for you in the week and you are okay for that then it is nice. That 12% you are mentioning is under probability, there are some addicted gamblers that spend more than percentage per week. In gambling if you spend big and you have luck to win one game, you will win big so gamblers also look those factors to gamble.
As for me there is no specific percentage for weekly gambling. You can gamble any amount of money but gamble what you can lost. The amount that when you lose it will not pain you.

that is true, it depends on the person's financial capability. some can go big while others want to spend a very small amount to their gambling. for me, much better if you will spend small, which won't affect any of your basic expenditures to live a decent life. because if you start spending more than what you can afford, your basic needs will suffer tremendously, you will find yourself in trouble.
so for me, there's no fixed percentage every week. it depends on the availability of extra money that i have for that period.

[knowngunman]

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?

5% of weekly income is not bad. In fact, it's too small but in my opinion I don't think it is necessary to allocate a certain percentage of your income to gambling unless you are addicted. I do spend more than that on gambling some week while some week I spent less. It all depends on how moody and financial buoyant I am during the week. For one to allocate a fix percentage on a weekly basis shows that gambling has made it to a list of priorities and to do which I consider as a sign of addiction. I gamble with whatever I have left after the necessary expenses. Does everyone actually earn on a weekly basis?

30% from my perspective, but you know each individual person have different income. If you are playing with "signature" money, to be honest the amount are to little for less than 5%. Should be around 5% but since the amount income I have are really small, my self around 30% from the income. If too small bankroll, just make donation to the casino.

What am I not understanding here? Do you mean to say 3% and mistakenly add zero? 30% from income is almost half of the total income and it's too much tbh.

[goaldigger]

There is no right or wrong with this one as long as you have budgeted your finances and set aside something for gambling, that can be good. You have to align this as well with your financial status and life situation, if you can’t have this one then create your own percentage that can work for you. As an occasional gambler, having a limited time in gambling can also a big help for me not to spend beyond my limit, gambling can be tempting at times but you have to stay committed and just focus on your goal.

[Taskford]

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 by force so whatever way you want to gamble is you decision. If you think 5% is only for you in the week and you are okay for that then it is nice. That 12% you are mentioning is under probability, there are some addicted gamblers that spend more than percentage per week. In gambling if you spend big and you have luck to win one game, you will win big so gamblers also look those factors to gamble.
As for me there is no specific percentage for weekly gambling. You can gamble any amount of money but gamble what you can lost. The amount that when you lose it will not pain you.

that is true, it depends on the person's financial capability. some can go big while others want to spend a very small amount to their gambling. for me, much better if you will spend small, which won't affect any of your basic expenditures to live a decent life. because if you start spending more than what you can afford, your basic needs will suffer tremendously, you will find yourself in trouble.
so for me, there's no fixed percentage every week. it depends on the availability of extra money that i have for that period.

No fix allocation to anyone since even though you already set some amount to spend but there are times that you deposit a little bit more just to satisfy yourself because you didn't satisfied yet. For sure at the moment many long time gamblers here knows how to balance their budget that's the reason they can stay for long and been here with us playing for long time because they are been well discipline with their emotions and the money they spent on their playing time.

[slapper]

I'll just come out and say it: there's no such thing as the "right" proportion. Akin to asking how much salsa to put on tacos. Of course it is, right? It's spicy for some, not for others. But if you're going by logic alone, it should be an amount you could lose without it seriously disrupting your life. This could be higher than 1% for some people and less than 1% for others. However, 12%...hmmm, it could lead to some serious budget issues. I get it; it's human nature to feel a twinge of jealousy when we learn of someone else's good fortune. But keep in mind that those are the outliers. In a nutshell, aim for minimum effort, minimum cost, and maximum pleasure. My two doge, if you will.

[dothebeats]

If you're not making that much money, I don't think it's appropriate to spend more than 1% of your income at all. If that doesn't entertain you then I guess you'll have to look for a different form of entertainment, or better, make more money by getting more jobs or learning a skill instead of wasting your time gambling - but that's just me. You always have the choice on how much to spend, the thing is, everything should be accounted for first before spending anything for leisure or wants. This helps your finances fall into place and you not having to borrow money just because you 'enjoyed too much' in gambling.

[Lanatsa]

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 by force so whatever way you want to gamble is you decision. If you think 5% is only for you in the week and you are okay for that then it is nice. That 12% you are mentioning is under probability, there are some addicted gamblers that spend more than percentage per week. In gambling if you spend big and you have luck to win one game, you will win big so gamblers also look those factors to gamble.
As for me there is no specific percentage for weekly gambling. You can gamble any amount of money but gamble what you can lost. The amount that when you lose it will not pain you.

that is true, it depends on the person's financial capability. some can go big while others want to spend a very small amount to their gambling. for me, much better if you will spend small, which won't affect any of your basic expenditures to live a decent life. because if you start spending more than what you can afford, your basic needs will suffer tremendously, you will find yourself in trouble.
so for me, there's no fixed percentage every week. it depends on the availability of extra money that i have for that period.

No fix allocation to anyone since even though you already set some amount to spend but there are times that you deposit a little bit more just to satisfy yourself because you didn't satisfied yet. For sure at the moment many long time gamblers here knows how to balance their budget that's the reason they can stay for long and been here with us playing for long time because they are been well discipline with their emotions and the money they spent on their playing time.

Just like me on which i do have an income example on my signature campaign pay on every week on which i do only allocate 5-10% of it on maximum. Beyond that then its not something an amount

which i could really be able to lose. This is why it would really be that so important that you should be minding about your priorities and there are really times or moments that i dont gamble at all when
im not really on the mood which i could easily make myself stop with those kind of situation on minding myself on playing gambling since i do have much more important things needs to spend that money on or buying up something or whatever it would be except gambling. Less that 5% would be the most ideal spot on making yourself that safe towards addiction.

Stick into those numbers and you wouldn't really be finding yourself into big trouble when it comes to finances because you are really that spending a dime towards your gambling activity.
I have known someone or my friend who do spend out almost 50% of his earnings because he is really that believing that he could make money more and save up himself
on paying up his previous debts which is really that absurd.

[harizen]

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?

Self-preference indeed since everyone has different financial status.

In my case, I'm not setting a fixed percentage on my gambling expenses. As long as I really feel on doing gambling, I will spend money on it. Not to the point that I will just burn my money for nothing but obviously, my way of betting is always associated with responsible gambling. Sometimes getting heated, as it usual, but will never breach the danger zone.

I also believed that, and I'm 100% sure of this that most gamblers don't have a specific percentage of their income that will be used for their gambling expenses. It's hard to follow honestly, especially for a regular gambler.  There will be always that a limit will always be breached. In that case, just always keep being responsible.

[TelolettOm]

No fix allocation to anyone since even though you already set some amount to spend but there are times that you deposit a little bit more just to satisfy yourself because you didn't satisfied yet.

Even if no fixed amount of money to use weekly, but I think we need to set the maximum amount to spend. I think it is the purpose why OP made a vote about how much the percentage of money to use weekly.

If we want to satisfy ourselves, we may lose all our money. Everyone must understand if we will never be satisfied. When we got a loss, we probably spend more money to chase the win in order to make up for defeat. While when we wins, we may use more money in order to chase more prizes. Unfortunately, the chance to win is very small, using more money can't create more chance to win. Instead of earning more, people mostly lose more money. It will happen if you don't set a maximum amount to spend in gambling.

[romero121]

It depends, because I never set any part of my income to be spend on gambling. I used to gamble with my week's pay and the choice is to make an addition of $10 to the payment. In the process I used to loss most of the time. At times I win the predicted $10 and my gambling activity doesn't gets broken and it gets continued. This leads to big win as well as loss my week's pay. So, there is no perfect limit on spending.

[Darker45]

I don't allocate a specific percentage of my monthly income to gambling. I don't like the idea. Personally, I don't even think this is right. I mean, what's gambling, after all? Why do I have to regularly set aside a certain amount of money for it?

In my case, I gamble whenever I want to, or sometimes when a friend invites me. But that would depend on whether I have the extra money or not. If I don't have it, then no gambling for me. If there's an extra, then I will be betting within that amount.

[adzino]

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?

5% to gamble isn't bad. It is good that you are limiting yourself and you never exceed the limit. And you use your profit to further gamble. So, I am guess you gamble for fun, right? As long as it is for entertainment purpose and you don't spend all of it on gambling, then its fine I guess. But just make sure you always limit yourself. Never chase your losses. As for the 12%, where did you get the data from? I doubt there has been any research on how much % does a person spends on gambling.

There is no fixed % of weekly income that one should be spending on gambling. It all depends on each persons financial status. For some 10% might be nothing, for others it might be a lot.