This is not Practical

[Slow death]

when a person takes 50$ and buys beers, will the 50$ come back? when a person takes 200$ and buys a plane ticket and travels to spend a vacation on an island or in another country, will the 200$ come back? I believe I will not return. in the same way that when a person is hungry and takes 50$ and buys food in some restaurant, the 50$ will not come back, so we call that money destined for entertainment or food, and it is money that we can afford to spend we lose. this can also be done with games of chance, when we put 100$ in the casino we are saying that those 100$ are already lost because nothing guarantees that we will win the casino or the bookmaker

so if we lose the 100$ it won't be a big problem in our life because it was money allocated only for the game, you should also think that way because gambling are not guaranteed profit, so the money that is put in the gambling is money that we can afford to lose, financial management is crucial in order not to lose everything because of gambling. in my case for example, when I deposit money at the casino I take that money as something lost, when I have some profit I keep thinking in the same way that that money is something lost

[Hispo]

This saying of "gamble money you can afford to lose", for understand it properly you need to think of it in a literal way.

If we assume that the money wagered is going to lost forever then let us imagine that I can take 1$ for my pocket and I burn it? How would I feel or how would you feel?

What about if I take 100$ and I burn them? Would it be the end of my future? Could I recover someday of such blow?

The money one can afford to lose is the one which could disappear from our posession and our life would not be affected in the slightest.

If you can throw a nickel into a well, then it is money you can gamble. If you can throw 5$ into it, then it is money you can instead gamble.  

[Cryptomultiplier]

when a person takes 50$ and buys beers, will the 50$ come back? when a person takes 200$ and buys a plane ticket and travels to spend a vacation on an island or in another country, will the 200$ come back? I believe I will not return. in the same way that when a person is hungry and takes 50$ and buys food in some restaurant, the 50$ will not come back, so we call that money destined for entertainment or food, and it is money that we can afford to spend we lose. this can also be done with games of chance, when we put 100$ in the casino we are saying that those 100$ are already lost because nothing guarantees that we will win the casino or the bookmaker

so if we lose the 100$ it won't be a big problem in our life because it was money allocated only for the game, you should also think that way because gambling are not guaranteed profit, so the money that is put in the gambling is money that we can afford to lose, financial management is crucial in order not to lose everything because of gambling. in my case for example, when I deposit money at the casino I take that money as something lost, when I have some profit I keep thinking in the same way that that money is something lost

The way I think we get the returns for any amount we spend is just the fulfilment or soul satisfaction that comes with the expense.
Sincerely, spending money feels good, unless personal problems and challenges litter the way and ones debit score is way higher than their credit, I don't see why anyone should feel bad about spending a few bucks to gamble or buy ones favorite thing or travel for vacation or tourism.
Scale of preference may be ideal to determine what's more important to spend on, but who really sits down to allot  funds for instant gratification? It's like an inprint in the mind, you just spend to make yourself happy.

The best way I have seen that one can limit spending on gambling or spending on what doesn't give gain, is to have a focused saving plan. If there's the discipline to commit to savings, all these gambling spending or unnecessary spending will fizzle out.

[molsewid]

"Money you can afford to lose" is a figure of speech, meaning money that isn't used for important stuff, including paying bills and groceries. No one wants to lose money, but when you drop a penny on the street, you might not want to pick it up and walk away. Some people also toss it in a pool or something to pray for a miracle. It's similar to gambling when let's say your income is $1000 a month, then $25 for gambling isn't much, and when you lose you'll feel not as devastated as people who bet their life savings. Sure you'll feel sad, but if you play for fun, it goes away quickly.

I agree to you, there's a deeper meaning to it. Nobody wants to lose money and nobody will not take a risk. So the thing is it will depends on the money you are capable not to think about after you play , it is like a money that when you bet it whether it will be for win or for lose you will not have any regrets, so the amount is doesn't matter , I think one of the meaning of this is do not regret losing.

[Bananington]

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?

People who know they gamble often should begin considering adding gambling in their budget so they can control the amount of money they spend on gambling by gambling with a fixed percentage of what they earn. Gambling with any free money you have will make you spend uncontrolled amount of money in gambling and before you know you become a gambler who has no idea of what they spend on gambling which is something every gambler should try to be consciously aware of.

[Yatsan]

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?

Has a point but for sure we all know what that phrase reaally means. Ofcourse no one has such thing of affording to lose any amount and that is why they engaged with gambling. We all gamble to win but atleast, the amount believed to afford losing is an amount we can quickly replace such as $1k of your $20k salary; it won't mean that much compared to losing all of your funds, a portion of what you have basically. Or simply not an amount you would be needing for emergency purposes given that we are more likely to lose than win. Try playing at both half of your monthly income and a 2% of it, which is more likely to cut deep in your wallet and one which you can disregard after a perioud of time?

[bitbollo]

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?

how much do you spend to watch pay tv? or related internet access?
Well, that's the definition of money you can lose!
It can defined a certain amount of money that you can use for your passion or hobby.
It's a bit like riding a motorbike. spend money on petrol, tires etc etc in the end it's money you "lose" that you won't be able to recover in any way.
If you have hours and hours of "fun" while betting... well it's just any other hobbies, moreover if you are lucky enough or a good gambler you can also get in profit!

[lionheart78]

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management.

Your idea is way more theoretical and personal, there are people who can afford to lose millions to billions of dollars just to get what they wanted.  Another example where people are willing to lose money is by getting his family to a holiday vacation.  Parents are willing to spend money to treat their kids to some good place that their family can enjoy.  And gambling is not different from this kind of situation.

In order for a person to have some entertainment, they are willing to spend some money.  People that have this kind of attitude towards gambling don't bother spending some free money to enjoy playing at the casino platform.

Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?

When I put my fund in a casino as a gambling bankroll, I already considered it a loss.  This means I can afford to lose this kind of amount playing in a casino.  So my answer is Yes.

[Cling18]

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?

how much do you spend to watch pay tv? or related internet access?
Well, that's the definition of money you can lose!
It can defined a certain amount of money that you can use for your passion or hobby.
It's a bit like riding a motorbike. spend money on petrol, tires etc etc in the end it's money you "lose" that you won't be able to recover in any way.
If you have hours and hours of "fun" while betting... well it's just any other hobbies, moreover if you are lucky enough or a good gambler you can also get in profit!

Losing the money that we can afford to lose means we can deal with the emotions that we might feel after being unlucky. If it won't have a huge consequence that we might face later on and if we are using the funds that are just allocated for gambling alone. It's like allocating enough for the entertainment that we want or consuming funds for something that would satisfy us.
We all know that gambling could provide fun and entertainment and if it's already part of our hobby, then we should be wise in spending on it. Using the funds that we can afford to lose means being smart and having enough self-control when it comes to spending. We could apply it not just in gambling but in some of our urges to spend. It's like treating ourselves in a wise way.

[Dimitri94]

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?

It is always said that we should use the money that we can afford to lose. The reason for expressing this thought because many of us who spend a lot of money on gambling that would be used for the needs of their families. Maybe he is addicted or consciously using that money to gamble and losing. As a result, he is facing a major disaster due to lose of money. So we should use such money that even if it is lost, it does not directly affect life negatively.

[klidex]

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?

It seems that you have answered this question yourself, namely money that I can afford to lose, which I think is used to buy my dinner or in other words, when you want to have fun playing in a nightclub with friends, of course we will pay using money that you can afford to lose for fun.
It's the same as gambling when I want to gamble looking for entertainment paying a little money to enjoy the fun of betting.
So I don't take the practical issue of planned money loss seriously.

[dothebeats]

Money one can afford to lose = money that is extra to a person that will not affect his current state of living. That is why 'afford' is the term, it's because you can still do things and live comfortably even without it.

I personally have spare for this kind of activity although I have strayed from it currently since I'm more into sports and esports betting right now but there aren't any good tournaments just yet. In this facet of gambling, I get to be entertained more and also have more chances of winning compared to just casino games that I was doing before.

[SamReomo]

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical.

No, this advice is practical because it clearly says that one should only use the amount of money in gambling which doesn't impact his/her life in any way possible. For example someone who earns $1000 dollars per month if uses $10 for gambling then even with a loss the person still won't be affected in any adverse way, on the other hand if someone who earns $1000 per months and spends $500 for gambling then his/her life will be affected in the worse way if they lose that amount of money.

In the later case use person would hardly be able to meet his/her expenses of the month while in the first case the person won't be affected at all and he/she can still enjoy the month despite losing the money in gambling because $10 is a very small amount for someone who earns $1000 per month while $500 if 50% of the money of someone who earns $1000 per month and that's why the ones who losses $500 in a bet would hardly be able to fulfill the needs of the month and he/she has to borrow money from others in order to fulfill their needs of that particular month.

[Coin_trader]

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?

People who know they gamble often should begin considering adding gambling in their budget so they can control the amount of money they spend on gambling by gambling with a fixed percentage of what they earn. Gambling with any free money you have will make you spend uncontrolled amount of money in gambling and before you know you become a gambler who has no idea of what they spend on gambling which is something every gambler should try to be consciously aware of.

This is like making gambling as part of your life. Honestly,I playing gambling regularly but I don’t add gambling expenses as part of my budget because this is just a leisure activity which means I can live with or without it. Setting maximum losses works for me to control my gambling expenses limited to the range which I can afford to lose.

Most important thing is the satisfaction using the money within the range that you can afford. I think adding gambling budget to your expenses will just push you to play more instead of controlling it since you are giving importance on gambling by allocating money during your budgeting.

Control takes time on gambling. This is what I learn on my long years of experience of controlling myself for not over extending my budget.

[Dr.Bitcoin_Strange]

Well, In my opinion, the reason for such a statement is that one should not gamble with money that will derail them mentally or emotionally. For example, if you have $2000 and want to use $1800 for a project, you can spend the remaining $200 on anything you want. But if you decide to foolishly spend all the money on gambling, it becomes a problem because you only have the freedom to use $200 for anything. Even if you decide to flush the $200 down the toilet, it's your business, but Using the $1800 will cause problems for the person. So, indirectly the $200 was some money you could waste if you want.

I can freely gamble with any money I have Budgeted for gambling; even if I lose, it wouldn't offend me because I have put it aside to use the money for fun.

[Alpha Marine]

]"Money that you can afford to lose" does not mean money that has no real use or money that won't be missed it you lost it. That term means money that will not wreck you in any way when you use it to bet. You will definitely not happy you lost money but it doesn't mean you'll be with nothing.

It depends on how much you have. $2k dollars is what some people might be able to afford to lose, while for others it may $30.
Imagine making $2000 a week and using the whole 2k on gambling. That's not money you can afford to lose. But if you lose $500 on gambling, that may be money you can afford to lose, depending on your needs.

[Lida93]

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose.

I belch you some people do have such money and it's called budgeted gambling money. Practically there are gamblers that budget specific amount of money a percentage weekly or monthly from their income to be use just for their gambling activities. And some are so discipline enough to keep to the very amount never going beyond.

The statement, always use money you can lose is meant to keep the gambler in check of himself not to squander beyond his capacity as gambling can be so eluding that you don't know when you spend more based on how captivating you get. And suffix me to say, staging a budget for yourself while gambling prevents you from easily falling into addiction.

[Agbe]

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?

Lolz!!! Op you are funny. Even though you are funny, there some elements of truth. I don't really think there some spare money in anywhere for gambling. For addicted gamblers, the money that is meant for taking care of the stomach, clothes, a d bills always end up in the gambling halls. And there they thought is the money doubling place so they went there with the mindset to double the amount that is in their hand. And end up losing all to the casinos or sportbetting. The money that they want to use us not the money they can afford to lose oo my brother. It is for doubling oo!

[Mr.suevie]

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?

i would have merited this thread but currently out of smerits. I totally agree with that this particular advice is actually more theoretical than practicalise by gamblers and I myself is actually a victim of this but this a community and every one is trying as much as they to stay clean off bad habits and so claiming to actually gamble with funds they deem they plan to lose which when you look at it in a true sense only few percentage of gamblers actually hold to this action.

[slapper]

Do you agree that the advice to only gamble with "money you can afford to lose" sounds a little pretentious? It's not like money just appears out of thin air (unless you happen to be Mr. Bezos or Mr. Musk, of course).

But let's not waste time with empty rhetoric. The harsh reality is that every dollar you gamble away is a dollar you could have spent on a cheeseburger, put towards a bill, or put away for a rainy day. Sounds like a see-saw to me. When one end is raised, the other must be brought crashing down.

However, I don't put my life savings or my lunch money on the line when I play the slots or roll the dice. It's a tiny bit that I chiselled out for this express reason. Sure, I could buy a lot of cheeseburgers with it, but I'm saving it for the moments of the casino instead.