Wakate
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December 01, 2023, 06:59:49 PM |
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We all know that the higher the percentage of our gambling capital the higher the chance of liquidation. The lower we pour money on gambling the lower the profit we gain if we are lucky. This is really important to know our limits so we can figure out when we have to get out of the game.
Using 1% of your total fund in your Portfolio could be a good idea but it might not be that profitable especially for someone that has small funds available for betting. To me, I think using just one percent of total portfolio is too small and it could be increase to 5 percent or lower if the gambler has a large fund in account. This is one of the ways for us to bet with maximum safety so that people will not end up betting and losing huge funds. Like we know that gambling addiction is one of the problems many people are facing, this will help us to bet responsibly.
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maydna
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December 01, 2023, 09:24:25 PM |
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We all know that the higher the percentage of our gambling capital the higher the chance of liquidation. The lower we pour money on gambling the lower the profit we gain if we are lucky. This is really important to know our limits so we can figure out when we have to get out of the game.
As long as we know the limits of gambling and obey them, we will definitely be fine. But in reality, many people don't remember this, and instead, they violate it by depositing more money to be able to chase their winnings. Whatever amount of money you use to gamble, it is an amount you can afford, so you don't need to take the risk of experiencing a big loss. If more people could do this, the number of problem gamblers could decrease because many gamblers would try to gamble responsibly so they could avoid the greater risk of losing. They will also be able to manage their money well while gambling and know when to stop gambling.
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Jody.Drummer
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December 01, 2023, 11:23:16 PM |
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We all know that the higher the percentage of our gambling capital the higher the chance of liquidation. The lower we pour money on gambling the lower the profit we gain if we are lucky. This is really important to know our limits so we can figure out when we have to get out of the game.
As long as we know the limits of gambling and obey them, we will definitely be fine. But in reality, many people don't remember this, and instead, they violate it by depositing more money to be able to chase their winnings. Whatever amount of money you use to gamble, it is an amount you can afford, so you don't need to take the risk of experiencing a big loss. If more people could do this, the number of problem gamblers could decrease because many gamblers would try to gamble responsibly so they could avoid the greater risk of losing. They will also be able to manage their money well while gambling and know when to stop gambling. Yes it is true that as long as we gamble within reasonable limits or that means gambling with the right then obviously we will remain fine, and maybe you will not suffer a lot of things like the impact of gambling in general or even addiction, you will be able to avoid the possibility of unwanted things that can certainly be detrimental. But yes it is true that it is unfortunate that most of the gamblers forget that, I think several factors can be the reason and the driver why they are difficult to apply some precautions like that. One of them is mindset, goals and misunderstanding in understanding what is in gambling. In my opinion, usually people will forget all the restrictions that they have previously prepared because they are too serious in putting their hopes on the chances of winning which in reality it is very difficult to get, they think that it will be easy to realize something that they always expect such as victory when the reality is far opposite, which means that there will be more defeats that occur than victories, they have proven it themselves but unfortunately it is very difficult for them to be able to realize that their mindset and goals are wrong. In this problem I think the mindset should be changed first, because it is useless to suggest many things if basically their beliefs and expectations are still like that.
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Casdinyard
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December 01, 2023, 11:47:07 PM |
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I don't particularly employ such strat as this keeps the fun out of gambling (I bet a lot of money in one go, it gives me a greater rush of excitement and nervousness compared to betting in small amounts), but I actually employ strategies that minimize the amount of money that I lose. And I keep saying this but I saw this in this forum as well, wherein they stop betting and gambling after 3 losses, and 3 wins. Either way, you're making sure that your wins are secured and they are not getting anywhere, meaning you have more money to keep for your self at the end of the day, or if in any case you're in a losing streak this day, your losses are minimized as much as possible. You might wanna look into trying this strat as well, it doesn't hurt anyway.
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Westinhome
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December 01, 2023, 11:54:22 PM |
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Using 1% of your total fund in your Portfolio could be a good idea but it might not be that profitable especially for someone that has small funds available for betting. To me, I think using just one percent of total portfolio is too small and it could be increase to 5 percent or lower if the gambler has a large fund in account. This is one of the ways for us to bet with maximum safety so that people will not end up betting and losing huge funds. Like we know that gambling addiction is one of the problems many people are facing, this will help us to bet responsibly.
Actually the gambling site will tempt you to make mistakes by make you big win and make you feel like the brilliant then the gambling site.But the fact is gambling based on luck and Algorithms.Once your bet matches the algorithm,their will be huge chances of win.But the gambling people due to the random bet loss the bet in the gambling sites.The risking was always the possible in the gambling sites,So we can’t claim of the 1% risk alone in the gambling site.My prediction was we had nearly 50 percentage of the risk in the gambling sites.The win or loss had equal chances in the gambling site.So you should ready for both win and loss.
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Sanugarid
Full Member
Offline
Activity: 1442
Merit: 153
★Bitvest.io★ Play Plinko or Invest!
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December 02, 2023, 12:05:32 AM |
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Guideline 1: Gamble no more than 1% of household income Don’t bet more than 1% of your household income before tax per month. For example, someone with a household income of $70,000 before tax should gamble no more than $58 per month. Recently I decided to risk only 1 percent of my gambling portfolio into each bet. This makes my bet risk free as I know that even if I lose the bet i will lose only 1% of my gambling money. Do you guys also follow a similar strategy like gambling with 1% or 2% on each game? This way not only we are safe from losing big amounts but at the same time, we never find ourselves in a situation where we go all in, in some bet and then have the fear of losing all of our money. You must have heard 1% strategy in trading, the same can be applied in gambling too and believe me, you will feel a lot more comfortable using this 1% of your money in every game. This also gives you a lot of games to play before you end up on your money as on every bet you will use 1% of your money. In case you lose all bets, you will be playing 100 games because your money is exhausted. The Lower-Risk Gambling GuidelinesIt depends on you how much % of your money you can afford to lose. I don't see anything wrong with what you're doing as long as you're happy with what you're doing, if you entertain like that, it's okay, your money will last longer and you'll only lose a little. So for me that's also a good strategy because you can control yourself, you can stay within the budget you set, you're a disciplined gambler.
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alegotardo
Legendary
Offline
Activity: 2590
Merit: 1225
☢️ alegotardo™️
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December 02, 2023, 01:08:02 AM |
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Guideline 1: Gamble no more than 1% of household income Don’t bet more than 1% of your household income before tax per month. For example, someone with a household income of $70,000 before tax should gamble no more than $58 per month. Recently I decided to risk only 1 percent of my gambling portfolio into each bet. This makes my bet risk free as I know that even if I lose the bet i will lose only 1% of my gambling money. Honestly, I think 1% is a very ridiculous amount. I agree that it could be ideal, but it's like any other recommendation we receive that ultimately ends up not being practical, such as: Do not eat more than a pinch of salt per day; Don't drink more than 1 can of beer per week; Exercise 3 times a week; Don't spend more than 1% of your income on gambling..... In an illusory world this would indeed be ideal, but in practice few people follow this as a rule because it is very difficult or very exaggerated.
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| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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klidex
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December 02, 2023, 02:43:35 AM |
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Guideline 1: Gamble no more than 1% of household income Don’t bet more than 1% of your household income before tax per month. For example, someone with a household income of $70,000 before tax should gamble no more than $58 per month. Recently I decided to risk only 1 percent of my gambling portfolio into each bet. This makes my bet risk free as I know that even if I lose the bet i will lose only 1% of my gambling money. Honestly, I think 1% is a very ridiculous amount. I agree that it could be ideal, but it's like any other recommendation we receive that ultimately ends up not being practical, such as: Do not eat more than a pinch of salt per day; Don't drink more than 1 can of beer per week; Exercise 3 times a week; Don't spend more than 1% of your income on gambling..... In an illusory world this would indeed be ideal, but in practice few people follow this as a rule because it is very difficult or very exaggerated. Yes, it is true that 1% looks very little and ridiculous for gamblers who want to make a profit through gambling, even to have fun in gambling it seems still not enough, I myself probably spend 5% of my salary income and I think it doesn't matter because the most important thing is I can determine the expenses which is not too much and not too little. I can enjoy gambling with a minimum bet so that I can enjoy gambling longer, but when the 5% of the money I have set runs out or doesn't produce results, I don't try to deposit the money back to continue gambling activities and the most important thing for me is not to exceed that 5%. . Every gambler must have their own budget setting, some are capable of losing more than 5% in the sense of 10%, some are capable of losing 20% because the most important thing is that gamblers set a budget that does not exceed their needs, it depends on the gambler, perhaps if they have a lot of needs, they determine 1% is okay, but if your needs have been met and there is still 3% 4% left, it's okay to try your luck in gambling because the priority is household needs first and then gambling.
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Accardo
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December 02, 2023, 07:19:41 AM |
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Families with joint or linked banked accounts would question one another about how they spend money. I don't know how you'll be able to escape such questions from your wife, if she focuses on asking about your activities or notices that you are a gambler. It's not simple to keep the truth away from them. Except you don't have a joint account with her, I'd say your decision is great and it also makes you a loving husband not every woman would feel comfortable about having a gambler as a husband. We've had similar discussions in this forum about letting our spouse know about our gambling habit. But, it feels good to discuss gambling with our wife, if she's not worried about it. From the Op's idea or strategy, 1% is great for any household and our partner would be happy to discover how money conscious her spouse is, instead of winding up the income. Causing trouble for the family. Which is basically where the family problems erupt. And why most women hate gamblers. Aside that, if you're a responsible gambler, it'll be rare to find her sad or wary about the gambling habit. Thats one of the main cons when you do have a joint account specially into your wife, you would really be able to monitored out on what are those spendings that you have done and it would really be an inevitable thing that you would be asked out and this is something that i dont like. This is why i do really have that separate card of course but still my wife do really still need to check out my balance and she knows on where money will really be spent. The only thing that i do like is that you do really have that able to save up for yourself, not on being selfish but we know that it is really that entirely different if you do have that money on your pocket or in card which you could be able to spend on when you do like. Speaking about risking 1% of household income in gambling then if those things are speaking about joint account then expect there would be questions asked about that 1%. We know that women are really that too eager on knowing everything when it comes to finances specially if you do have a family to feed then it would be normal to raise up those questions and this is why i dont really see it for it to be a big issue. The issue differs per spouse, like the first guy, who talked about explaining things to his wife before using the 1% of his income to gamble, similar attitude elsewhere can lead to an issue. But not big, as the funds are moderated. Yet if 1% of the income keeps disappearing each month, it'll be a cause for alarm on the wife's side. Because it's unusual to see a particular amount of money disappearing from the account each month. That's why in cases of using joint accounts, the both parties need to agree on the gambling activities of the man or woman. And to keep the non gambler on the trail, s/he needs to be updated. Most gamblers can cease the opportunity to initiate their wife into gambling as well. By telling her it's only for fun, nothing else. This will help both parties not to feel cheated or thinking that the money meant for feeding is being used for gambling. Remember, like I earlier said, not every woman would be glad to figure out such habit from her husband. Depending on her various family rules. It could be her family disregards gamblers. The issue will be hard to resolve, unless the husband stops gambling. Hence, a player with joint account, can easily find a different method of raising money he'll use for gambling. To be on a safe side, his wife won't notice in one bit, the husband's habit. As men we have to be observant of things that'll upset our women. Hence, if she constantly discuss about her hatred for gambling, we need to do that with caution. To maintain the respect she's got for the head of her family.
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Mauser
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December 02, 2023, 07:52:36 AM |
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You must have heard 1% strategy in trading, the same can be applied in gambling too and believe me, you will feel a lot more comfortable using this 1% of your money in every game. This also gives you a lot of games to play before you end up on your money as on every bet you will use 1% of your money. In case you lose all bets, you will be playing 100 games because your money is exhausted.
I have heard about the 1% rule before, but for me this seems way to low. It's a good idea to have fixed gambling limits to protect our overall bankroll from going broke. We all need to decide for ourselves how much money we are willing to spend each month on gambling. With only 1% of our monthly income, it's seems quite low to play a lot of games. In your example with 58 USD this would be less than 15 USD, which doesn't seem a lot to gamble multiple nights per week with it. For most games there are minimum betting sizes of 0.5 or 1 USD, which would mean we could lose all our money for the week after a few games. In trading it's the same, 1% might be low enough for us to not feel bad about losing some of it. But we won't be able to accumulate a lot of money with it longterm. In my case I try to save and invest 10%of my money and probably use more around the 5% level for gambling.
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Kemarit
Legendary
Offline
Activity: 3262
Merit: 1386
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December 02, 2023, 09:47:32 AM |
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You must have heard 1% strategy in trading, the same can be applied in gambling too and believe me, you will feel a lot more comfortable using this 1% of your money in every game. This also gives you a lot of games to play before you end up on your money as on every bet you will use 1% of your money. In case you lose all bets, you will be playing 100 games because your money is exhausted.
I have heard about the 1% rule before, but for me this seems way to low. It's a good idea to have fixed gambling limits to protect our overall bankroll from going broke. We all need to decide for ourselves how much money we are willing to spend each month on gambling. With only 1% of our monthly income, it's seems quite low to play a lot of games. In your example with 58 USD this would be less than 15 USD, which doesn't seem a lot to gamble multiple nights per week with it. For most games there are minimum betting sizes of 0.5 or 1 USD, which would mean we could lose all our money for the week after a few games. In trading it's the same, 1% might be low enough for us to not feel bad about losing some of it. But we won't be able to accumulate a lot of money with it longterm. In my case I try to save and invest 10%of my money and probably use more around the 5% level for gambling. And that's why it's not really applicable to most gamblers are it it way to low for us. And it one deposit or even one dice roll or one one sports bet, it could be that we will lose everything. So again, as per my experience, there's should be no fixed amount or percentage. As long as the money is all good, and that if we lose it, we will not worry the next day. The thing is sometimes that 1% is a big risk for the gamblers. So they continue to bet and if they lost, then that's where the problem will arise for them the next day. So if you can't afford to gamble, then it's simply, stop playing and don't play even 1% of your budget.
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Japinat
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December 02, 2023, 09:54:20 AM |
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So if you can't afford to gamble, then it's simply, stop playing and don't play even 1% of your budget.
Don't play at all, follow the rule, gamble what you can afford to lose and those who cannot afford to gamble has no room in gambling. Why would people force to gamble even if they are struggling financially? Most of the reasons are they want to change their lives for the better, and thinking gambling could help them achieve that is a wrong mindset, the reason why lots of people struggle more financially and they blame it all to gambling instead on their ignorance.
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khiholangkang
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December 02, 2023, 10:07:40 AM |
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Guideline 1: Gamble no more than 1% of household income Don’t bet more than 1% of your household income before tax per month. For example, someone with a household income of $70,000 before tax should gamble no more than $58 per month. Recently I decided to risk only 1 percent of my gambling portfolio into each bet. This makes my bet risk free as I know that even if I lose the bet i will lose only 1% of my gambling money. Do you guys also follow a similar strategy like gambling with 1% or 2% on each game? This way not only we are safe from losing big amounts but at the same time, we never find ourselves in a situation where we go all in, in some bet and then have the fear of losing all of our money. You must have heard 1% strategy in trading, the same can be applied in gambling too and believe me, you will feel a lot more comfortable using this 1% of your money in every game. This also gives you a lot of games to play before you end up on your money as on every bet you will use 1% of your money. In case you lose all bets, you will be playing 100 games because your money is exhausted. The Lower-Risk Gambling GuidelinesI didn't know there was a risk strategy that I could use in gambling, I just found out from your argument, but even so I think in risk management it is a little similar to what I do for gambling, which is a maximum of 5% of the total net income that I get per month, (as if it's nothing more than money for me to snack), and from the 5% that I budgeted it was divided into 2-4 sessions to do gambling within a month. But it is true, budgeting that does not make us afraid of losing money, it is good financial management to do everything that makes you happy, like gambling for example, it will not have a bad impact on finances, but keep in mind that a person's income varies, and the level of adequacy is different, so adjust accordingly so that we can have good finances even though gambling.
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| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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Saisher
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December 02, 2023, 10:22:04 AM |
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You must have heard 1% strategy in trading, the same can be applied in gambling too and believe me, you will feel a lot more comfortable using this 1% of your money in every game. This also gives you a lot of games to play before you end up on your money as on every bet you will use 1% of your money. In case you lose all bets, you will be playing 100 games because your money is exhausted.
That is if you have control over your bankroll and you manage it well, some gamblers have issues with their bankroll either they lose it fast and have to add more because they are not satisfied with their game, or they are chasing losses that they forget that what they allocated is only 1% of their income, gambling is a game of luck but some people forget that it is and because of their strong urge or motivation to make money they keep adding on to bankroll forgetting their allocate percentage. I don't think this 1% is okay or will suffice who are addicted to gambling, as long as they are not satisfied or they still have money to fund their account they are still going to go for it.
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Aanuoluwatofunmi
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December 02, 2023, 10:30:13 AM |
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We all know that the higher the percentage of our gambling capital the higher the chance of liquidation. The lower we pour money on gambling the lower the profit we gain if we are lucky. This is really important to know our limits so we can figure out when we have to get out of the game.
As long as we know the limits of gambling and obey them, we will definitely be fine. But in reality, many people don't remember this, and instead, they violate it by depositing more money to be able to chase their winnings. Whatever amount of money you use to gamble, it is an amount you can afford, so you don't need to take the risk of experiencing a big loss. If more people could do this, the number of problem gamblers could decrease because many gamblers would try to gamble responsibly so they could avoid the greater risk of losing. They will also be able to manage their money well while gambling and know when to stop gambling. Knowing about what we are doing is very important, we shouldn't attempts gambling just the way we do to other things in life because each has its different ways of approach, gambling is not a source of making a profitable income from the bet we made, we should know the level of risk already involved when we say we are about to gamble, which also means we can loose or win and when either of the two occurs, we should accept it with all comfort because we realized that gambling is not a winning always attempts in playing bet.
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Blitzboy
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December 02, 2023, 10:55:39 AM |
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Families with joint or linked banked accounts would question one another about how they spend money. I don't know how you'll be able to escape such questions from your wife, if she focuses on asking about your activities or notices that you are a gambler. It's not simple to keep the truth away from them. Except you don't have a joint account with her, I'd say your decision is great and it also makes you a loving husband not every woman would feel comfortable about having a gambler as a husband. We've had similar discussions in this forum about letting our spouse know about our gambling habit. But, it feels good to discuss gambling with our wife, if she's not worried about it. From the Op's idea or strategy, 1% is great for any household and our partner would be happy to discover how money conscious her spouse is, instead of winding up the income. Causing trouble for the family. Which is basically where the family problems erupt. And why most women hate gamblers. Aside that, if you're a responsible gambler, it'll be rare to find her sad or wary about the gambling habit. Thats one of the main cons when you do have a joint account specially into your wife, you would really be able to monitored out on what are those spendings that you have done and it would really be an inevitable thing that you would be asked out and this is something that i dont like. This is why i do really have that separate card of course but still my wife do really still need to check out my balance and she knows on where money will really be spent. The only thing that i do like is that you do really have that able to save up for yourself, not on being selfish but we know that it is really that entirely different if you do have that money on your pocket or in card which you could be able to spend on when you do like. Speaking about risking 1% of household income in gambling then if those things are speaking about joint account then expect there would be questions asked about that 1%. We know that women are really that too eager on knowing everything when it comes to finances specially if you do have a family to feed then it would be normal to raise up those questions and this is why i dont really see it for it to be a big issue. The issue differs per spouse, like the first guy, who talked about explaining things to his wife before using the 1% of his income to gamble, similar attitude elsewhere can lead to an issue. But not big, as the funds are moderated. Yet if 1% of the income keeps disappearing each month, it'll be a cause for alarm on the wife's side. Because it's unusual to see a particular amount of money disappearing from the account each month. That's why in cases of using joint accounts, the both parties need to agree on the gambling activities of the man or woman. And to keep the non gambler on the trail, s/he needs to be updated. Most gamblers can cease the opportunity to initiate their wife into gambling as well. By telling her it's only for fun, nothing else. This will help both parties not to feel cheated or thinking that the money meant for feeding is being used for gambling. Remember, like I earlier said, not every woman would be glad to figure out such habit from her husband. Depending on her various family rules. It could be her family disregards gamblers. The issue will be hard to resolve, unless the husband stops gambling. Hence, a player with joint account, can easily find a different method of raising money he'll use for gambling. To be on a safe side, his wife won't notice in one bit, the husband's habit. As men we have to be observant of things that'll upset our women. Hence, if she constantly discuss about her hatred for gambling, we need to do that with caution. To maintain the respect she's got for the head of her family. Fun gambling is based on people in a relationship knowing and respecting each other. Here, he defends his gambling by saying that it only costs him 1% of his income and is therefore safe. Still, she sees this steady loss of money; a pattern forms, which makes her suspicious. He says its just for fun, maybe to get her into this world of chance by calling it "harmless fun." But her beliefs, which may come from being taught by her family, are at odds with this idea. What did he do? Covertly use money for gambling while keeping the peace at home. But isnt this just lying under the guise of safety? He prides himself on understanding her, yet chooses to ignore her disgust for gambling. This approach keeps things calm on the surface, but it makes a deeper disconnect worse. Even though he respects her, he breaks that respect by doing things she hates. Whats the point of gambling if it breaks trust? This is a gamble not just with money, but with the very foundation of their relationship.
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Docnaster
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December 02, 2023, 11:03:27 AM |
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Guideline 1: Gamble no more than 1% of household income Don’t bet more than 1% of your household income before tax per month. For example, someone with a household income of $70,000 before tax should gamble no more than $58 per month. Recently I decided to risk only 1 percent of my gambling portfolio into each bet. This makes my bet risk free as I know that even if I lose the bet i will lose only 1% of my gambling money. Do you guys also follow a similar strategy like gambling with 1% or 2% on each game? This way not only we are safe from losing big amounts but at the same time, we never find ourselves in a situation where we go all in, in some bet and then have the fear of losing all of our money. You must have heard 1% strategy in trading, the same can be applied in gambling too and believe me, you will feel a lot more comfortable using this 1% of your money in every game. This also gives you a lot of games to play before you end up on your money as on every bet you will use 1% of your money. In case you lose all bets, you will be playing 100 games because your money is exhausted. The Lower-Risk Gambling GuidelinesWhat you invest in gambling. Is using the word investment normal for gambling? Let me try to rephrase, what you are willing to spend gambling differs from person A to person B. I know that the society or some psychologists must have tried to draw a standard. Even while following standards, there are individual discrepancies that needs to be respected. The amount of money used by a casual bettor should differ from the amount of money used by a serious gambler. Someone who is an expert gambler and have evaluated themselves for years and understood that they have a way to win, maybe on the long run, sparing 5% is not bad for that gambler. In the other hand, an inexperienced newbie using 1% is very nice and that is subject to increment when they must have mastered the act of gambling.
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Outhue
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December 02, 2023, 12:06:56 PM |
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Gambling deserves 1% of your entire money you make, because it's the most risky way of making money, at this level of risk you will feel more comfortable, at least what you are risking isn't much, with this type of amount you can also get the same entertainment that everyone is talking about.
If what you are risking is much your mind won't be on the fun or entertainment side, you only want to make some money and also you don't want to lose your money, greedy gamblers are the ones that have no fun in gambling, because they can't afford what they are risking on gambling yet they want to walk home with big amount of money.
Sometimes I even risk less than 1% in gambling because that's what I can afford depending on the situation at home, when you have people that are counting on you to survive you need to be a strategic person, I have a family at home and they are counting on me, there are bills to pay and other, how can someone like me be reckless with gambling.
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Fatunad
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December 02, 2023, 12:39:36 PM |
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Families with joint or linked banked accounts would question one another about how they spend money. I don't know how you'll be able to escape such questions from your wife, if she focuses on asking about your activities or notices that you are a gambler. It's not simple to keep the truth away from them. Except you don't have a joint account with her, I'd say your decision is great and it also makes you a loving husband not every woman would feel comfortable about having a gambler as a husband. We've had similar discussions in this forum about letting our spouse know about our gambling habit. But, it feels good to discuss gambling with our wife, if she's not worried about it. From the Op's idea or strategy, 1% is great for any household and our partner would be happy to discover how money conscious her spouse is, instead of winding up the income. Causing trouble for the family. Which is basically where the family problems erupt. And why most women hate gamblers. Aside that, if you're a responsible gambler, it'll be rare to find her sad or wary about the gambling habit. Thats one of the main cons when you do have a joint account specially into your wife, you would really be able to monitored out on what are those spendings that you have done and it would really be an inevitable thing that you would be asked out and this is something that i dont like. This is why i do really have that separate card of course but still my wife do really still need to check out my balance and she knows on where money will really be spent. The only thing that i do like is that you do really have that able to save up for yourself, not on being selfish but we know that it is really that entirely different if you do have that money on your pocket or in card which you could be able to spend on when you do like. Speaking about risking 1% of household income in gambling then if those things are speaking about joint account then expect there would be questions asked about that 1%. We know that women are really that too eager on knowing everything when it comes to finances specially if you do have a family to feed then it would be normal to raise up those questions and this is why i dont really see it for it to be a big issue. The issue differs per spouse, like the first guy, who talked about explaining things to his wife before using the 1% of his income to gamble, similar attitude elsewhere can lead to an issue. But not big, as the funds are moderated. Yet if 1% of the income keeps disappearing each month, it'll be a cause for alarm on the wife's side. Because it's unusual to see a particular amount of money disappearing from the account each month. That's why in cases of using joint accounts, the both parties need to agree on the gambling activities of the man or woman. And to keep the non gambler on the trail, s/he needs to be updated. Most gamblers can cease the opportunity to initiate their wife into gambling as well. By telling her it's only for fun, nothing else. This will help both parties not to feel cheated or thinking that the money meant for feeding is being used for gambling. Remember, like I earlier said, not every woman would be glad to figure out such habit from her husband. Depending on her various family rules. It could be her family disregards gamblers. The issue will be hard to resolve, unless the husband stops gambling. Hence, a player with joint account, can easily find a different method of raising money he'll use for gambling. To be on a safe side, his wife won't notice in one bit, the husband's habit. As men we have to be observant of things that'll upset our women. Hence, if she constantly discuss about her hatred for gambling, we need to do that with caution. To maintain the respect she's got for the head of her family. Fun gambling is based on people in a relationship knowing and respecting each other. Here, he defends his gambling by saying that it only costs him 1% of his income and is therefore safe. Still, she sees this steady loss of money; a pattern forms, which makes her suspicious. He says its just for fun, maybe to get her into this world of chance by calling it "harmless fun." But her beliefs, which may come from being taught by her family, are at odds with this idea. What did he do? Covertly use money for gambling while keeping the peace at home. But isnt this just lying under the guise of safety? He prides himself on understanding her, yet chooses to ignore her disgust for gambling. This approach keeps things calm on the surface, but it makes a deeper disconnect worse. Even though he respects her, he breaks that respect by doing things she hates. Whats the point of gambling if it breaks trust? This is a gamble not just with money, but with the very foundation of their relationship. % would really be that differ on each person but literally it is really that safe when it comes to kind of limit. If you are allocating a certain fund then it would be that no sense if you are really that putting all of your salary or allotment into it. It would really be basically just that normal that control and moderation or else then you are really putting yourself on such big trouble later on. We do know that each person does have their own financial capacity. There are ones who are really that good when it comes budget allocation or bankroll management and there are ones who do really sucks bigtime on this one. This is why it why it would really be just that important on doing so specially if you are dealing with gambling. Dont risk on the amount on which you cant afford to lose. Also, our wife is really that too strict on where our monthly salary would go and if you do get that huge slice into those amounts then be prepared on whatever questions would be asked.
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bettercrypto
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December 02, 2023, 01:13:31 PM |
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Using 1% of your total fund in your Portfolio could be a good idea but it might not be that profitable especially for someone that has small funds available for betting. To me, I think using just one percent of total portfolio is too small and it could be increase to 5 percent or lower if the gambler has a large fund in account. This is one of the ways for us to bet with maximum safety so that people will not end up betting and losing huge funds. Like we know that gambling addiction is one of the problems many people are facing, this will help us to bet responsibly.
Actually the gambling site will tempt you to make mistakes by make you big win and make you feel like the brilliant then the gambling site.But the fact is gambling based on luck and Algorithms.Once your bet matches the algorithm,their will be huge chances of win.But the gambling people due to the random bet loss the bet in the gambling sites.The risking was always the possible in the gambling sites,So we can’t claim of the 1% risk alone in the gambling site.My prediction was we had nearly 50 percentage of the risk in the gambling sites.The win or loss had equal chances in the gambling site.So you should ready for both win and loss. There is no gambling platform that will not tempt you to gamble continuously. Of course, when you are the one who is actually gambling, the situation is different. It is our emotions that fight with our thoughts when we start gambling. So this is not new to gamblers like us. All we need to do is discipline ourselves if we are going to take the 1% risk on our earnings, whether it is a job or a freelancing opportunity.
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