This is not Practical

[Wexnident]

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?

No, people definitely have money they can afford to lose. Otherwise, people wouldn't have been able to manage their lifestyles of working, paying bills, maintenance, other types of fees together with their hobbies, which by the way, costs money (It's this part that we call we can afford to lose). It simply seems "theoretical" because you consider paying money for your hobbies or enjoyment the same as money you'd spend towards bills and whatnot.

Not that I blame you, outside of here, a majority of gamblers (and bankrupted ones) don't even probably know how to financially manage themselves. This is why learn that, before even considering spending money regularly on something.

[Chikito]

is it money that you can afford to lose?

Yes, I don't expect too much that money can be double, triple, and multiple. So, When I use the money for gambling, I'm ready to lose it. That strategy makes me play relaxed, don't have a target win, and have fun. Even if I win, I usually use that money to try for to next game until completely exhausted from living my initial capital. Because gambling is just a hobby, not a job that has the target to bring money to home.

[TravelMug]

is it money that you can afford to lose?

Yes, I don't expect too much that money can be double, triple, and multiple. So, When I use the money for gambling, I'm ready to lose it. That strategy makes me play relaxed, don't have a target win, and have fun. Even if I win, I usually use that money to try for to next game until completely exhausted from living my initial capital. Because gambling is just a hobby, not a job that has the target to bring money to home.

Of course, that's already our mindset with the money that we gamble, we are just looking for that opportunity to double or have it multiple more. But in any case that it didn't happen because we are are unlucky, then that is ok.

At least we have fun and then we can sleep at night without having to think of the money that we have lost or have regrets losing it. For sure there could be gamblers looking for big win with their small amount of money and maybe this is what the OP is referring to.

[Solosanz]

It depends on your perspective, if you think the money you lose is an opportunity cost, it's mean your purpose to gamble is for making money. Although some gamblers can beat the house and double or triple their bankroll, but most of the gamblers are loss. That's why we should consider the money you lose is a money you can afford to lose, it's mean your purpose to gamble is for entertainment. The entertain in gambling is when you feel the music, when you have a conversation with other gambler, etc.

[Nrcewker]

The phrase “gamble only the amount that you can afford to lose” signifies that, bet or invest that amount which you won’t require urgently for other purposes. If by chance these money gets in losses, then you should have sufficient money to survive. People often gambles with money that is required to pay their monthly bills and that is required to survive. So many have advised to avoid these type of funds. This is practical and very essential. If you have some extra money or savings, gamble with that only, as if you lose it also, you will get more chances in future to save those.

[pawanjain]

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, the reason being that I have already allowed myself for some fun time in gambling which contributes to a mentally healthy lifestyle.
I have allocated a budget for gambling which I consider affordable to lose and it is going well.
I am not a high roller and so I try to do micro betting from the small amount I have allocated to gambling.

[Pierre 2]

Afford to lose generally means some portion of your income/wage that you will not spend for your current month's necessary expenses like electricity/telephone bills or rent or food etc. People are suggesting not to ever go above it so you can enjoy gambling while keep on living your life without losing any advantage. Its not very practical I assume but its not very hard to calculate your income/expenses ratio especially if you have fixed income like most people do.

[aioc]

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?

Even if you are good at managing your bankroll and you should still consider money allocated for gambling as something that you cannot make a profit from, it's wishful thinking to think that you can double, its a stroke of luck if you make money from gambling, but that will not always the case.

You're on the safe side always if you only use money that you can afford to lose because if you're using money that you can't afford to lose you will be in trouble financially and you will be depressed, so set aside for gambling and don't expect that it will yield profit, gambling is different from doing a business.

[ethereumhunter]

It depends on your perspective, if you think the money you lose is an opportunity cost, it's mean your purpose to gamble is for making money. Although some gamblers can beat the house and double or triple their bankroll, but most of the gamblers are loss. That's why we should consider the money you lose is a money you can afford to lose, it's mean your purpose to gamble is for entertainment. The entertain in gambling is when you feel the music, when you have a conversation with other gambler, etc.

But if their goal is to make money gambling, it will require a lot of money. But if they think that the money they are using to gamble is money they can afford to lose, they will have no regrets. And it's true that we should gamble with the money we can afford and never increase the money if we can't afford to see a bigger loss. We must prevent bigger losses and that is the responsibility of each gambler so they must pay attention to how much money they have used to gamble.

[Dzwaafu11]

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 they don't have a plan for the money that they suggested someone should use the money they can afford to lose. Of course, as soon as we have money in our hands, we instantly start making plans on how to spend it. Therefore, what they are saying is that someone should spend the money so that, even if he loses the bet, he won't run into any financial difficulties. They insist on this since it is obvious that gambling is risky; therefore, if you decide that you won't gamble with a lot of money, you are protecting yourself from many things and avoiding yourself from needless stories that will follow.

However, there is no money that we can afford to lose because, even if it's a modest sum, we worked hard for it and losing it won't make us happy. However, if you want to gamble without worrying about your finances, just spend the money you know you can afford to lose even if you win.

[knowngunman]

However, there is no money that we can afford to lose because, even if it's a modest sum, we worked hard for it and losing it won't make us happy. However, if you want to gamble without worrying about your finances, just spend the money you know you can afford to lose even if you win.

Factually, there's no money we can afford to lose as long as we work for it. We wouldn't have bothered to earn it if we can afford to lose it. That statement "money you can afford to lose" is just a figurative statement that virtually refer to money that will not have much impact on you if you get rid of it. People plan ahead before even receiving their salary and you could see it is almost impossible for one to have money they can afford to lose. However, there are money that have less important things attached to it and losing part of it will not be felt with severe emotional cripple.

No matter how little the amount is, you might feel bad thou but not compare to when you use money meant for most important things like feeding, rent and others. Again, use money you can afford to lose.

[Outhue]

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?

This is one of the reasons why the rich call the poor the most greedy, because every penny means so much to them, and if every penny means so much how will you even take risks with investment? That's why the poor hate investment, the first time that comes to mind is they are going to lose that money, if you aren't ready to lose how will you win?

I am very much into this topic because there is a lot to say about it, see, it's always about the mindset, if yours plays the trick on you it's over, why do people feel hesitant when it's time to buy Bitcoin? Why do people find it hard to accumulate Bitcoin? You think it's always about the lack of money?

Now, back to gambling, there are things we do in our daily lives that makes no sense, or let me say in the lives of poor people, they don't have money to lose, accepted, but they have the money to use of alcohol drinks, they have the money to waste on friends that wish them no good in life, they have the money to carry prostitutes.

The best advice is use the money you can afford to lose, it's the same money you can afford to spend on drinks, throw a party, buy unnecessary things.

Yes I have the money I can afford to lose, that's why I made it this far, I avoid getting broke because I use what I can afford to lose and I also take risks to change my life and it's working because I can withstand losing some dollars.

[mindrust]

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?

Some people see gambling as an entertainment. These people are actually buying something while they are gambling. So let's just say these people can afford to spend x% of their monthly income on something that has entertainment value. Like watching a movie for example... How is this different than gambling? You lose money when you watch a movie too...

You probably don't this angle and that's why you think people can't afford to "lose" any money on gambling.

Following your logic, people that smoke cigarettes are also "losing" money and their health is getting worse doing it. Yet billions of people still smoke every day. Why? Because they like it.

[avp2306]

Although some gamblers can beat the house and double or triple their bankroll, but most of the gamblers are loss. That's why we should consider the money you lose is a money you can afford to lose, it's mean your purpose to gamble is for entertainment. The entertain in gambling is when you feel the music, when you have a conversation with other gambler, etc.

But if their goal is to make money gambling, it will require a lot of money. But if they think that the money they are using to gamble is money they can afford to lose, they will have no regrets. And it's true that we should gamble with the money we can afford and never increase the money if we can't afford to see a bigger loss. We must prevent bigger losses and that is the responsibility of each gambler so they must pay attention to how much money they have used to gamble.

Not quietly it is since there are still low ballers can earn especially when they are lucky but this is not always happen gonna happen also with whales since there are times that we are in bad position. We should think about stepping always on reality since if we expect more like we can earn a lot of money with gambling instantly maybe we will be in bad position which we can't afford to happen so we should always pay attention on the money we use so that we have discipline and will not waste all our money for wrong expectations.

[Porfirii]

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?

This is a very clever question, and never thought about it before in that sense.

Now that you posed it, Maslow's pyramid of needs comes to my mind (because it is the most famous theory, but you can apply yourself the one you like most).


Source: SimplyPsychology

So, back to your question, to me more than the money you can afford to lose, it is more about the opportunity cost, indeed, and when we say this sentence we mean that one shouldn't waste the money he needs to fulfil the basic needs in gambling. Of course, different individuals will have a different sense of what is basic for them, so the advice when we recommend not to spend more than the affordable would rather mean to find the proper balance.

[Crypt0Gore]

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 painful can 1$ on gambling be when you make 100$ in a month? Everyone has money that they can afford to lose, what you lack is simple math, how much are you making? What could go wrong if you lose the little fraction of what you making?

If I am making 100$ per week for example, I can decide to play five times in a week with 1$ and that's 5$ on gambling per week, brother I still have my 95$ left, do some math brother, if you don't have money you can afford to lose, it's because you are using a high amount that you aren't ready to lose.

What can 5$ do for me? Transport, buy a beers, eat some cookies, many buy monthly data, I can afford this, and if I lost 5$ what would that do to me? Nothing, so use the amount that wont do a thing to you if you lose it in gambling.

The thing is many people want to earn a lot in gambling, they higher the money the better the reward, I don't play in such ways, because we all know that the chance of losing all money is high in gambling, I always go my minimal to avoid stories that touch.

[piebeyb]

This is just setting up the mindset that gambling is at least with money that can afford to lose it and also gambling wisely including limiting the budget, we don't discuss problems in oneself in gambling, it's always reminded for beginners not to be addicted to gambling so you might find it everywhere, because indeed most addicts come from there they do not limit the budget nor gamble with money for the needs of family life.

I know it's impractical so don't gamble if you can't limit your budget nor can you control yourself to spend money on gambling, because speaking of gambling we will never win against the house and that's why that mindset is instilled, humans will never escape nature. greedy despite seeing an opportunity to win and bet. so don't gamble if you can't manage yourself.  

[ethereumhunter]

Not quietly it is since there are still low ballers can earn especially when they are lucky but this is not always happen gonna happen also with whales since there are times that we are in bad position. We should think about stepping always on reality since if we expect more like we can earn a lot of money with gambling instantly maybe we will be in bad position which we can't afford to happen so we should always pay attention on the money we use so that we have discipline and will not waste all our money for wrong expectations.

If they get lucky, they can win a lot of money. But the reality will not be like that because there are already many people who only get more losses than wins. We won't be able to win, let alone win big, without luck easily, so we must realize that we only use the money we can afford. It was to avoid a huge defeat we could not see and would surely regret later. And using the money we can afford to lose doesn't make us feel too disappointed because we know that that can happen in gambling.

[Yogee]

[....]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 can confidently say that I manage to save after my monthly regular expenses so I get my gambling fund from there if my bankroll has been depleted. I often treat the money to be spent on sports betting or games as an additional expense since I don't expect ROI in the long-term.

[bangjoe]

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?

Those are the words of the term so do not eat raw by you and then interpreted with open eyes without understanding the contents, Why do we have to have a plan, and have a budget in gambling because the average person becomes excessive in gambling that destroys their finances, of course it is a bad thing for everyone who does it excessively.
Yes I spend money in gambling is the money that I can get rid of and I will not feel stressed or become a burden of thinking if the money runs out in gambling because basically I have to pay the pleasure that I have gotten from gambling, I think the sentence is better.

It depends on your perspective, if you think the money you lose is an opportunity cost, it's mean your purpose to gamble is for making money. Although some gamblers can beat the house and double or triple their bankroll, but most of the gamblers are loss. That's why we should consider the money you lose is a money you can afford to lose, it's mean your purpose to gamble is for entertainment. The entertain in gambling is when you feel the music, when you have a conversation with other gambler, etc.

If he sees it, in this perspective it's the same, you want the cost of opportunities, the cost of pleasure with the other, I think it is equally, so it is important to understand the meaning of the sentence.