This is not Practical

[goaldigger]

My understanding here is that, you are being taught to be more responsible and warn you that gambling can be very risky so spending your important money here is not ideal. That’s why many are saying gamble with your extra money only, that means you will not be broke if you lose that money since its an extra. This is a practical advice from the gamblers who already knew the effect of gambling, don’t ever try to borrow and gamble, its more risky.

[harizen]

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's not that I afford to lose those money I used in gambling but regardless, be responsible enough to know our limits. Technically, there's no specific amount we can consider as an amount that we afford to lose. We always breach our set limits because temptation to continue is always there either we win because we feel luck and we chase losses during the losing streak.

There's no such thing for me as being practical in gambling because in the first place, how the hell we want being practical to our money but will used it on gambling. It doesn't make sense.

Again, just be responsible enough to know our limits.

[Lanatsa]

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?

Its true that each person doesnt really like on losing money even if we do speak on using up on the money which we can afford to lose on which we dont really like to lose eventually but on having these things in your

mind would definitely make you prepared on what are the things will mostly happen specially on gambling field on which this could really be always means about losing money and this is inevitable.
Only a few would be able to get out if they are really that lucky but if not then the money you had used would definitely bust up in the end on which its never been that a shocking thing to happen.
The word or advise on using up on the money which you can afford to lose would really be giving out that idea and awareness to yourself that you should stick into that limit.

Always be having the moderation on making use of those funds which are really that intended for gambling.If ever you would lose those balance then you do know that it is really the line which
you should stop and never ever consider on depositing once again because you are tending to chase up with those losses and this is where the common cycle begins on gambling field
and this is why lots of people been fueling up and making this industry becomes too profitable because people cant really just control out themselves on playing.

[bittraffic]

My understanding here is that, you are being taught to be more responsible and warn you that gambling can be very risky so spending your important money here is not ideal. That’s why many are saying gamble with your extra money only, that means you will not be broke if you lose that money since its an extra. This is a practical advice from the gamblers who already knew the effect of gambling, don’t ever try to borrow and gamble, its more risky.

The advice is good to follow but there is something called odds that if you bet only a small amount, you could also make pennies. This is basically sports betting. You can just bet $10 to make $5 if you are okay with it.

But that's not really satisfying after some time. Over time you will need to make sure you can make a fair amount in one game and there will be no allocation when you think of bigger profits. Not practical but when you feel confident with your bets, thats what will happen.

[Stalker22]

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.

Where do you see empty rhetoric? You just said yourself that you don't gamble with your life savings or your lunch money, but you set aside a little money that you don't need for your everyday expenses or other more important things. This precisely aligns with the definition of "money you can afford to lose." There is no rhetoric here.

[darkangel11]

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.

That's not true. You don't understand what afford to lose means.
It doesn't mean that you will not regret the money lost and it doesn't mean that you're losing money that you'd otherwise throw away or burn.
It means that losing this money will not affect your life. You could have a million dollars in the bank and no idea what to spend it on. If you take 1k out of that sum and lose it in a casino, it's like nothing to you. This was money you could afford to lose.

[Casdinyard]

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?

If you think you had no money you could afford to lose, that's all the more reasons you shouldn't gamble in the first place!

You're only speaking for yourself, a lot of us here had enough money to play around with which makes gambling something that we can afford. I'm not poverty-shaming or whatnot but the fact alone that you think no one's able to afford gambling money so we should just go with it anyway tells me that either you're someone who's really incapable of gambling due to your financial situation that you're projecting and supposing as if everyone's in the same boat as you, or you're a chronic gambler who's trying to make sense of things and your logic. You can't make me think otherwise.

[uneng]

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.

You use superfluous money for gambling, what means it's a money you won't use for your daily needs. It's not money you use to buy food, to pay your bills, the school of your children, the clothes and accessories you need, the car and goods of your house. It's money you would use to buy cigarettes, beers, candies, to go to a concert, to go out with your friends... It means we are talking about expenses on entertainment department.

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?

Of course it is! I'm not going to sacrifice my life in order to gamble.

[BitcoinPanther]

I agree wit one of the replies that the advice "gamble what we can afford to lose" is a simple reminders for us to be a responsible gambler.  Now, I don't know why @OP think that it is theoretical when gambling responsibly is a practical way of avoiding negative results of gambling activity.  It is also a good advice in avoiding financial disaster.  

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.

That's not true. You don't understand what afford to lose means.
It doesn't mean that you will not regret the money lost and it doesn't mean that you're losing money that you'd otherwise throw away or burn.
It means that losing this money will not affect your life. You could have a million dollars in the bank and no idea what to spend it on. If you take 1k out of that sum and lose it in a casino, it's like nothing to you. This was money you could afford to lose.

I also got the impression that @OP do not understand what the line "use money you can afford to lose for gambling" specifically the word afford means.

[iv4n]

... 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?

Yes, I gamble with the money I can afford to lose... Most of us are always "short on the money", but let's say we have $50-$100 (I am sure this amount can be lower or higher) to spare on something from time to time... I guess some people will buy something nice for themselves, some people will party all night, and some of us chose to have a quiet night playing some hot games!!

I am not sure how to explain it, I guess some things come with years and experience. We all get into all sorts of troubles, but what makes us who we are is how we solve them, we survive something and we learn from our mistakes and we advance or...  or we have another "sad story". I saw too many people eaten by some vice, and we read about it all the time, almost everywhere.  

Don't get in over your head:

To become or be deeply involved in a situation that is too difficult for you to deal with!

[DoublerHunter]

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?

^ Yes of course!
It is true that for many people, any loss of money can have an impact, the purpose of using disposable income or funds that are not allocated to essential needs is meant to minimize the potential harm. Because for me, it is about balancing the desire to gamble with the responsibility of managing one's finances. But this question depends on both individual gambler that has priority management and those with less financial expenses will have a big amount to allocate in gambling. It is very practical to have a decision like this.

[Quidat]

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?

^ Yes of course!
It is true that for many people, any loss of money can have an impact, the purpose of using disposable income or funds that are not allocated to essential needs is meant to minimize the potential harm. Because for me, it is about balancing the desire to gamble with the responsibility of managing one's finances. But this question depends on both individual gambler that has priority management and those with less financial expenses will have a big amount to allocate in gambling. It is very practical to have a decision like this.

You wouldn't really be making yourself get hurt nor get stressed on the time that you would lose up those funds on which you do know deep inside that you could really afford to lose those money
unlike when you do make use of money which is intended for you to make use on buying your daily needs which it would really be giving that feeling will really be different.This is why its always that recommended that you should be allocating on funds which are supposed to be spent up on gambling and not on your savings or important funds which are supposed to be spent on priorities.
You would really be finding yourself on such big problem on the time that you do find out that you are already spending on the amounts which arent supposed to be spent up on gambling.
If you dont like on having those kind of regret or feelings then better to be wary on whatever actions or move that you do towards gambling.One false move then those amounts or money you do
have would vanish on thin air if you arent that lucky enough.

[Issa56]

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.

If you really want to gamble, their are some certain amount that if you lose it’s going to affect you, some might even affect your health challenges, you shouldn’t gamble with money like that, but their are some money that if you lose, you won’t feel anything, you won’t even think about it, I think that’s the kind of money which you are suppose to be gambling with. I know nobody wants to lose money, but in gambling their is always profit and loss and the risk which some people do take is really high when gambling and if they lose it will end up as a problem for them. That’s why people do recommend to always gamble with the amount you can afford to lose.

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?

Yes am gambling with the amount I can afford to lose, because I know any amount I lose from gambling won’t affect me in any way negatively, and I do gamble for fun, so whenever I know am losing money then I know how i control myself and I will stop gambling, their are some people that do sell properties and do take loan just to get money to gamble, and after gambling and losing they will end up regretting.

[acroman08]

the phrase "only gamble the money you can afford to lose" basically means that money that will not affect you financially if you lose it to gambling. 

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.

just because you use money that you can afford to lose when gambling does not mean that you do not need to budget it or how to manage it properly.

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?

yes, I do. using money that you can't afford to lose can always lead to disaster.

[freedomgo]

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?

You should start and know to read between the lines mate, there is a deeper meaning in that phrase. Yes, sure that money is a precious thing because it can help us to meet our ends meet and help us to survive in a daily basis but if that money will be used to pay for the bills and other expenses, then that money should not be gambled.

The true meaning of that phrase is that you should only gamble the "excess funds" meaning, a money that is free and will not be used in something more important because in gamble, there is no telling if you can win or not.

[romero121]

I used to spend in such a way that my daily life doesn't get affected out of the losses. What I spent is something that can be used for so many needs, but the interest on gambling drives me and makes me part of gambling. Anything that cause you some financial problem needs to be stopped. There are people who set limits as $20 for a month and so on, such allocation is better than just gambling.

[Shinpako09]

Of course, no one wants to lose money, but as the saying goes, "Use only what you can afford to lose." It means that the money you spend on gambling will not affect your finances. It's like a designated fund for gambling and has a separate for important things. As a result, even if you lose it, your other financial needs will be unaffected.

[serjent05]

... 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?

Yes, I gamble with the money I can afford to lose... Most of us are always "short on the money", but let's say we have $50-$100 (I am sure this amount can be lower or higher) to spare on something from time to time... I guess some people will buy something nice for themselves, some people will party all night, and some of us chose to have a quiet night playing some hot games!!

Same here, I only gamble the amount that I can afford to lose.  The free money is not allocated to monthly budgets, bills, and other stuff.  So it does not affect or hinder my financial responsibility, even if I lost all that money in gambling.  As far as I know, gambling what we can afford to lose is using money that even when it is lost will not bring us any hardship.

I am not sure how to explain it, I guess some things come with years and experience. We all get into all sorts of troubles, but what makes us who we are is how we solve them, we survive something and we learn from our mistakes and we advance or...  or we have another "sad story". I saw too many people eaten by some vice, and we read about it all the time, almost everywhere.  

Well, I also believe that the thing that does not kill us no matter how much trouble that thing brings us makes us stronger.

[n0ne]

Of course, no one wants to lose money, but as the saying goes, "Use only what you can afford to lose." It means that the money you spend on gambling will not affect your finances. It's like a designated fund for gambling and has a separate for important things. As a result, even if you lose it, your other financial needs will be unaffected.

Maybe 3 out of 10 could stick to this rule whereas the rest will gamble on the go. In reality people just gamble with the allocated fund and loss everything. This is where the real problem starts, as majority wants the loss to be recovered. Here the user will start using the money kept aside for his life needs. This is how gamblers easily get out of the slogan use money that you can afford to loss. The person who have understood well takes a break while the other borrow or use the money for important needs and spend on gambling.

[Frankolala]

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?

Yes, I only use the money that I can afford to lose. The reason behind this theory is so that you don't start chasing you loss,when the money is gone into gambling. If you use only the funds that you can afford to lose,you will see it that you have already made up your mind to use this funds for pleasure by using it for gamble because you know that you have already lost it even before you started the game.

Personally any money that I budget for gambling isn't my anymore and I don't except to make profit from it. I see the funds as a sacrifice for me to use in entertaining myself to make me happy. Using important money for a basic need for gambling will make you uncontrollable in your gambling activities but you will be controlled by your emotions. When one is controlled by his emotions,that person is few miles close to addiction.