This is not Practical

[Fundamentals Of]

Why do we have to make an issue out of this? I think it's pretty much clear and self-explanatory. No debate is necessary. By "money that we can afford to lose," we only mean money that is not intended for something else important like rent or bills to pay, tuition for you child, regular checkup for your old sick mother, etc. That's the kind of money that is being referred to.

Me, I'm gambling with my extra savings, exactly something that I can afford to lose. It's not money that, if lost, I'd be missing a meal.

[Josefjix]

Why do we have to make an issue out of this? I think it's pretty much clear and self-explanatory. No debate is necessary. By "money that we can afford to lose," we only mean money that is not intended for something else important like rent or bills to pay, tuition for you child, regular checkup for your old sick mother, etc. That's the kind of money that is being referred to.

Me, I'm gambling with my extra savings, exactly something that I can afford to lose. It's not money that, if lost, I'd be missing a meal.

We obligations and goals that need to be reached in all situations. We work inother to take provide for our needs and primarily to take good care of our families. The better we planned to understand that earlier, the better. Gambling with non budgeted money would do the justification, anything outside that is gambling with an entirely different perspective. I make good earning from my profession, and I'm not ready to compromised my status, which is simply using planned finance to gamble, trust me when I say, it would only leads to instability and more pending debts.

[Davidvictorson]

I have a family and that has dropped on my huge responsibility. May parents are old. In my culture the kids take care of the aged parents. And the older kids look after the younger siblings. Therefore, it will be disastrous if the money I gamble with is what I cannot afford to lose. I am responsible for these people so I cannot be irresponsible with money. Trust me of it is for gambling which I consider entertainment, then it is money that I can afford to lose.

People who are of the same school of thought as the OP are individuals who believe that gambling is a source of income..

[borovichok]

I have a family and that has dropped on my huge responsibility. May parents are old. In my culture the kids take care of the aged parents. And the older kids look after the younger siblings. Therefore, it will be disastrous if the money I gamble with is what I cannot afford to lose. I am responsible for these people so I cannot be irresponsible with money. Trust me of it is for gambling which I consider entertainment, then it is money that I can afford to lose.

People who are of the same school of thought as the OP are individuals who believe that gambling is a source of income..

When it comes to family responsibilities, I don't hesitate to lend a helping hand to my loved ones in need; I owe them everything. Gambling revenues are not what I aim to utilize to solve my family's problems; I have an appropriate profession that earns smoothly therefore my gambling activities are petty cash that I use to meet minor necessities. There is no culture that does not teach us to care for our elderly parents. If we have a good reliable source of income, it is our obligation to take care of them and keep the family in balance. We used our money to solve the problems we were having.

[SirLancelot]

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.

When we have extra money, it is usually put in our piggy bank or savings account, and the money there shouldn't be touched anymore because it is allocated only for emergency use. We can still be able to play gambling by dividing that extra money we have. Other than having enough money, we also don't regret heavily or we won't be depressed if we lose in gambling by playing only amounts we can afford to lose.

I've seen lots of gamblers who complain that they lost their money that is supposed to be for their rent and other important things like you said. I think these people are already addicted to gambling but maybe it's not too late yet for them to change it.

[Strongkored]

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?

In my opinion, what is meant by using money that we can afford to lose is more emotional, meaning that your emotions don't become drained when you lose the money because the money is not for an important purpose, such as paying bills or buying groceries, which is a major need. When we use money for our main needs, even though the amount is very small, of course when we lose it it will greatly affect our lives because we will go into debt to fulfill this, including when we use money beyond our capacity or use money in gambling unwisely, such as using money saving and betting a large amount where we know when we lose the money it will endanger our finances.
But indeed it becomes a theory when players never realize it and try to change the bad things that are done in gambling such as having no limit in gambling.

[ethereumhunter]

Why do we have to make an issue out of this? I think it's pretty much clear and self-explanatory. No debate is necessary. By "money that we can afford to lose," we only mean money that is not intended for something else important like rent or bills to pay, tuition for you child, regular checkup for your old sick mother, etc. That's the kind of money that is being referred to.

Me, I'm gambling with my extra savings, exactly something that I can afford to lose. It's not money that, if lost, I'd be missing a meal.

Obviously, it is free money from all the necessities we need to meet our daily needs so that it will not interfere with our expenses. And we also don't need to worry if we will spend more money later because we already have a budget for gambling.

We set a budget for gambling in addition to setting a budget for daily needs. But that requires good self-control and restraint so as not to cross the boundaries we set. Even though we may break those limits one day, we can still control them one day and not go too far playing gambling because we still have clear boundaries in gambling.

[retreat]

It's true that no one is willing to lose their money even for the slightest amount. But when you have allocated it and are prepared to lose it from the start, the feeling of regret or loss will probably be lighter than the money you didn't allocate before.
And this method will also help you to be able to manage your finances so you don't mess up, because from the start you have allocated funds for your gambling and when it crosses the limit that you have set, you can see how your gambling is performing, whether it is profitable or not. .

[davis196]

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 think that everyone, who has a decent standard of living has a monthly budget for entertainment purposes. He(or she) could spend that budget for going to the cinema, going to a short vacation, buying a new video game or playing gambling games at some online or offline casino.
The gambling industry is basically entertainment industry. The people spend money for entertainment, it doesn't matter if it's gambling or something else. The money, which are spent for entertainment fall into the "money you can afford to lose" category.
I don't advise people, who don't have a big enough monthly income to start gambling. This is a big no no.

[xSkylarx]

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 just another word for spare money, like you haven't allotted that money to something else as you've already budgeted your other money; it is a spare money that you can spend off; it is like you will have a budget for your beers and smoke, which is the same with gambling, where you use it only for gambling and not intended for others. Yes, no one can afford to lose their money, but again, it is about controlling your money and not going over it. This is like purchasing some entertainment through gambling with that money.

[danherbias07]

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, it is. But, it would always be better if I can win in the money that I can afford to lose. Don't get me wrong, I may swallow the fact that the house has a higher chance to win in casino gambling but I will still try to win it no matter what but with only the money that I deposited and nothing more.
It doesn't mean I will give it up as easy as it will be, different strategies will be used to maximize the chances of winning than sticking with just one game.

I think most gamblers have this kind of point of view. There is a budget but they are just wasting that chance to win a jackpot or double it up to create more possibilities and win against the house.
I see some who could lose their entire weekly budget in a day, I guess controlling it will also be a key factor if you want to lengthen the money that was set for a whole week or more.

[pakhitheboss]

We do have spare money but that money is also for our use. It is true that we use the money that we need to make our ends meet. We generally are unable to allocate some funds for gambling. This is why gambler have more debt than non gamblers and if we are unable to control our addiction then that debt spirals up. Eventually leading to all bad things the world can offer. That is why it is better to gamble resposibly otherwise things will trun from bad to worst.

[Mauser]

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?

That is not true, if nobody had money to lose, why are then there places like cinemas, bars and other activities like indoor sports? They all cost a lot of money and only give you joy for a few hours. Clearly people are having enough cash to spend it on leisure and consumption of unnecessary items. When it comes to the advice to not use money that you can't afford to lose it is meant to be for money that you need for important things. For example, you shouldn't gamble with your rent money or money that you need to feed your family at the end of the month. I would say that the majority of people have a budget from their monthly salary that include unnecessary items that could easily be cut off if they needed the money. For me gambling is something I do every month and I allocate some of my monthly income for it, like buying magazines or sweats, new clothes or going out with friends. These are all things that are not important to survive, but they bring me joy and let me relax after work. There is a difference between money that "I can afford to lose" and money that "I don't want to lose". In case you are saving for something big, like a new car or a new TV then you also shouldn't be using that money for gambling.

[Outhue]

I have a family and that has dropped on my huge responsibility. May parents are old. In my culture the kids take care of the aged parents. And the older kids look after the younger siblings. Therefore, it will be disastrous if the money I gamble with is what I cannot afford to lose. I am responsible for these people so I cannot be irresponsible with money. Trust me of it is for gambling which I consider entertainment, then it is money that I can afford to lose.

People who are of the same school of thought as the OP are individuals who believe that gambling is a source of income..

Gambling is like buying a lottery ticket, the different isn't much, it comes with 1% of possibly getting lucky, imagine a family man setting his goals on such thing, this will bring havoc on such a family because things will eventually fall apart.

I have my older mother left, and I have to take good care of her, that includes my family too, so with great responsibility on me, imagine shifting my focus on gambling as a source of income, it's like rewriting one's fate by himself.

[LUCKMCFLY]

I have a family and that has dropped on my huge responsibility. May parents are old. In my culture the kids take care of the aged parents. And the older kids look after the younger siblings. Therefore, it will be disastrous if the money I gamble with is what I cannot afford to lose. I am responsible for these people so I cannot be irresponsible with money. Trust me of it is for gambling which I consider entertainment, then it is money that I can afford to lose.

People who are of the same school of thought as the OP are individuals who believe that gambling is a source of income..

Gambling is like buying a lottery ticket, the different isn't much, it comes with 1% of possibly getting lucky, imagine a family man setting his goals on such thing, this will bring havoc on such a family because things will eventually fall apart.

I have my older mother left, and I have to take good care of her, that includes my family too, so with great responsibility on me, imagine shifting my focus on gambling as a source of income, it's like rewriting one's fate by himself.

Well, something must be emphasized here, the family, especially people like parents, grandparents, are the closest relatives we can have, the ones who keep them alive, we must take advantage of them, take care of them, be responsible with them, without these people we cannot we would have life, so when we begin to think that the money that is invested in a casino I say invest more, not spend or throw away, because a casino should not be seen as an entity that provides a service, that this service should not be abused because It can hurt us to capitalize, so when we have responsibility for things, the casino, sports betting should never be above our family, and that includes having responsibility.

There are people who are always looking for a way to have more money, and sometimes greed makes them lose everything, because they have no responsibility in their bets, when we are in a game with money, it is like that responsibility similar to when we are driving a car. car, it is our responsibility any movement we make, you should not think that the system is the one that deceived us, that they robbed us in the casino, because it is not like that, in a casino they do not say how much money you must bet, only the established minimum amount, but from then on what is going to be opted is the responsibility of the player and not the casino.

We must be clear about this so as not to have a bad time, and those bad times are irresponsible, that's why I have always said that my method of playing is the best, only having a part of the money to lose and that's it, if it was lost it doesn't matter , it was lost, it is assumed and now, if it was won, then it is celebrated and it is decided what to do with the money won, if it is withdrawn or if it is invested again to play, although I am inclined to withdraw at least 50% of what was won and leave the rest as an investment in the casino, to continue playing, so as not to lose all the profits, it is a good strategy so that we can do things better and see some profit from what we do.

[serjent05]

I have a family and that has dropped on my huge responsibility. May parents are old. In my culture the kids take care of the aged parents. And the older kids look after the younger siblings. Therefore, it will be disastrous if the money I gamble with is what I cannot afford to lose. I am responsible for these people so I cannot be irresponsible with money. Trust me of it is for gambling which I consider entertainment, then it is money that I can afford to lose.

People who are of the same school of thought as the OP are individuals who believe that gambling is a source of income..

Gambling is like buying a lottery ticket, the different isn't much, it comes with 1% of possibly getting lucky, imagine a family man setting his goals on such thing, this will bring havoc on such a family because things will eventually fall apart.

I have my older mother left, and I have to take good care of her, that includes my family too, so with great responsibility on me, imagine shifting my focus on gambling as a source of income, it's like rewriting one's fate by himself.

Well, something must be emphasized here, the family, especially people like parents, grandparents, are the closest relatives we can have, the ones who keep them alive, we must take advantage of them, take care of them, be responsible with them, without these people we cannot we would have life, so when we begin to think that the money that is invested in a casino I say invest more, not spend or throw away, because a casino should not be seen as an entity that provides a service, that this service should not be abused because It can hurt us to capitalize, so when we have responsibility for things, the casino, sports betting should never be above our family, and that includes having responsibility.

It is the right thing to take care of the elders.  They are the reason why we exist in this world and our parents did their best to provide our needs.  And now that we are capable, we should always take care of them to the best of our ability and never abandon them.  Obviously, we need money to attend to their needs so we should be vigilant on the amount we are spending in casino.  We must only spend the money that we can afford to lose.  The money that is not intended for our family needs.  if we don't have any extra money, we should skip our gambling activities instead.

[harizen]

..that's why I have always said that my method of playing is the best, only having a part of the money to lose and that's it, if it was lost it doesn't matter , it was lost, it is assumed and now, if it was won, then it is celebrated and it is decided what to do with the money won,

Good for you then that you have an amount where you consider it on the tier of "afford to lose" and that's it.

However, there are people who have the same approach but after losing, "are those losing amount is really afford to lose"? Believe me, even most gamblers will say they afford to lose that amount after losing in gambling, there's a thing on their mind saying contradicting what they're saying.

I don't believe that even gamblers will say they afford to lose that amount, that lost money doesn't matter. That was bullsh*t. They surely will attempt to chase those losses and will be eager to do it no matter what. Another sh*t happened will happen later on.

[noorman0]

It depends on how you view gambling, there are people who are willing to spend money in a planned and orderly way.
A small example, where I live, there is a coffee shop where football fans watch matches together. For matches between 2 top clubs it's usually crowded with crowds and lots of face to face betting offers, the max bet isn't as much as let's say match ticket price and I don't mind taking several of those bets at once.
I don't expect me to win, I just enjoy the thrill of watching when I bet for my favorite club, like watching the match live in the middle of the stands.

[shogun47]

"Being able to afford to lose something" is a phrase that does make sense. You can change in around and argue that there is opportunity cost, which by the way is involved everywhere, but there is definitely a difference between someone gambling for a weekend and not being able to pay the bills the following Monday and someone gambling for a weekend and being able to pay the bills despite losing.

There is opportunity cost of involved and literally most things are better than gambling, but imagine losing 200 dollars gambling on a weekend and instead you decide to get wasted and socialize with friends. Even now you could argue that gambling is better because you didn't fuck up your body with alcohol. But some will say that the socializing aspect was healthy. There is no end to this discussion because there are also these few people who will say that because they got lucky in gambling, they were able to pay their bills the week after.

[piebeyb]

We do have spare money but that money is also for our use. It is true that we use the money that we need to make our ends meet. We generally are unable to allocate some funds for gambling. This is why gambler have more debt than non gamblers and if we are unable to control our addiction then that debt spirals up. Eventually leading to all bad things the world can offer. That is why it is better to gamble resposibly otherwise things will trun from bad to worst.

I think the reserve money referred to is not really used, namely setting aside a certain budget by limiting the budget for gambling, for example, there is a reserve money of $ 10k so 2% can be used for gambling, not all reserve money is used for gambling, maybe there was a communication error that made this is getting awkward and confusing to the OP.

After all, it all comes back to self-control when gambling, we still have to be responsible because if we can't do that, it's best to stop gambling, because it will obviously use up the reserve money that is also needed for later living needs or you can also use bonus money, for example when we work If you have bonus money, why not try it for gambling, because it doesn't have to be spare money, meaning money that really isn't used for life's necessities.