Risking 1% in Gambling

[bettercrypto]

Now that you share this? yeah i may consider doing this but first I will review my daily income to make a deal with my wife 

but 1-2% is just a small amount to spend and risk(also to take chance being lucky) now that I may spend that small amount then i can play the maximum winning I may try .

You're a very loving husband. Personally, I don't tell my wife that I gamble. It's not that I don't want her to worry; rather, I view gambling as a form of personal satisfaction, much like her shopping with her friends. I don't mind whatever business she's doing, and I'd like my pursuits to be treated in a similar manner.

I think there is nothing to Hide when you are both a supporting partners ?

I don't hide anything, I just prefer not to tell here.

Not everytime you are doing something and you don't tell you wife is consider hiding, that's not it, we also have our privacy and I value my privacy that way.

Me  and My wife go along since we are young , we even had our first Drinking together so why need to hide everything ?
shes the one who gives permission to how much I can spend in this and that as she was also the one who managing the budgeting specially when we are starting that really the life is really tough .
thanks to her for whatever we does.

Maybe we have a different principle in life but I like to tell you also that I have a happy married life, not perfect but happy.

Also, about you statement "shes the one who gives permission to how much I can spend ".... That's not so me... I don't ask permission to my wife, I am the man, she should..  I tell here when I'm doing things (eg gambling) but it's not a permission, just a respect... (it's just an example).

If I look at the 1% that will be taken from my source of income, it seems like a small amount that will be allocated for gambling. I don't see anything wrong with this approach, but it actually helps.

This 1% may even push us to luck when we play crypto gambling. because maybe it also depends on the perspective and principles of a gambler like me in this matter at times like this, and I think it's a waste of time and money either way.

[RockBell]

If a person gambles using 1% money from his family income, then I think it is good. Gambling with more than this amount is definitely a bad sign and can lead to bad position for his family. When a responsible person earns money to meet the financial needs of his family, if he loses half of that money by gambling, it will definitely affect the family. That's why it's better to avoid gambling and if you can't then you should gamble using 1 percent money. If you can gamble with 1 percent of your monthly income then surely your future will be good, otherwise if you spend more money on gambling then surely you will suffer and your family will also suffer.

Because they have similar functionality, employing this method of spending a particular amount of money is for those who engage in futures trading, which demonstrates that the person is not greedy and that you are trying to gamble responsibly. And using 1% everytime then you playing safe. Because a lot of people have endangered the living of their family just because they keep making wrong moves in gambling and if anyone can not control their self all they can do is to aviod gambling just as you said some people's thirst for money is high and the best thing people with does kind of nature can do is to aviod it and do others things for fun. Because once your decision is made that this is the amount of money you want to gamble then you have a lesser problem then.

[Ultegra134]

While only gambling away 1% of our income may seem to be awfully restrictive, we must also recognize that those that are struggling the most and are earning less money should be the ones making the smallest bets, as they cannot really afford to spend so much on something that should be just a hobby, and the ones that have a larger income are the ones that could allow themselves to bet more than that, as they can afford to pay their bills with a smaller percentage of their monthly pay.

1% sounds like a tiny amount of money to me; if you're earning €1000 per month, it's actually €10 to be put towards gambling. To be honest, I usually gamble more than that, and I'm quite careful and reserved in terms of how much money I spend on gambling. However, if someone is struggling to make ends meet, then they should avoid gambling in the first place; they're not in a position to lose money. Even if you can afford a small percentage of your salary to be spent, you need to have a buffer, as it's easy to get carried away and exceed your predetermined amount intended for gambling purposes.

I think it's pretty self-explanatory why someone in this situation shouldn't gamble, even for minor amounts.

[Jody.Drummer]

If a person gambles using 1% money from his family income, then I think it is good. Gambling with more than this amount is definitely a bad sign and can lead to bad position for his family. When a responsible person earns money to meet the financial needs of his family, if he loses half of that money by gambling, it will definitely affect the family. That's why it's better to avoid gambling and if you can't then you should gamble using 1 percent money. If you can gamble with 1 percent of your monthly income then surely your future will be good, otherwise if you spend more money on gambling then surely you will suffer and your family will also suffer.

Because they have similar functionality, employing this method of spending a particular amount of money is for those who engage in futures trading, which demonstrates that the person is not greedy and that you are trying to gamble responsibly. And using 1% everytime then you playing safe. Because a lot of people have endangered the living of their family just because they keep making wrong moves in gambling and if anyone can not control their self all they can do is to aviod gambling just as you said some people's thirst for money is high and the best thing people with does kind of nature can do is to aviod it and do others things for fun. Because once your decision is made that this is the amount of money you want to gamble then you have a lesser problem then.

Yes that's right, taking small risks we can be sure that they don't bring any greed to their gambling approach so they only put 1% of the money they have, I say that they are quite responsible gamblers by only putting small amounts because of the amount of money What you bet will have a big influence on the impact you will experience later, for example, if you bet an amount that you cannot account for the loss, then it is clear that the most likely thing that can happen is that you will be annoyed and even act out of control, such as chasing losses.

The main problem lies  in misplacing expectations, I'm sure that's what makes them always feel disappointed with the final results not being what they want. They think that it is very easy to turn the opportunity of victory into reality, but it is not at all, on the contrary what happens is defeat which will continue to dominate you. So the point is that you have to pay attention to the money you will allocate, try to put money that won't be too much of a problem if you end up losing, it will keep you safe and comfortable.

[alastantiger]

If using 1% is enough to enjoy gambling then it will not be a problem because 1% is a small amount and is not too risky if used for gambling. The most important thing is to set 1% and be satisfied with it, don't let it happen. especially if you can't afford to lose more than 1% of your money because it will pose a big risk where you will chase losses.
By using 1%, a very small amount of your total income, of course you don't expect to make a profit from gambling because in my opinion 1% is a small amount if you want to make a profit, but the most important thing is whatever the result is, you can accept it and enjoy it as entertainment.
Do gambling with 1% will definitely run out quickly if you do one gaming session and then you can enjoy the rest of the day which is more useful than having to think about gambling continuously.

This is a fatal error in thinking that 1% used for gambling may not be too risky. And I know why you may think about it this way is because you cannot fathom that there are regions in the world where people earn less than a dollar per month. If they therefore use more than a percentage of that amount for gambling, then they are bound to go hungry for the rest of the month. In this situation 1% is the amount they can afford to lose anything above this is suicidal.
Sometimes they are lucky to win 10 times of their wager sometimes they are not luck but that is not important. What is important is staying within their risk management limit.

[irhact]

If they therefore use more than a percentage of that amount for gambling, then they are bound to go hungry for the rest of the month. In this situation 1% is the amount they can afford to lose anything above this is suicidal.
Sometimes they are lucky to win 10 times of their wager sometimes they are not luck but that is not important. What is important is staying within their risk management limit.

But does the percentage used really better, some individual gamblers can decide to use 1% of their income but yet they won't win while if they use other percentage they can win. What matters when we're gambling isn't the percentage we use but the outcome of our bets. Although the outcome isn't in our control but we should do things that'll make the favour come to our side a little. Some of those things is to not over gamble or using a wager that'll be too big for you to lose.

Gambling should be enjoyable and entertaining so we don't get depressed when we lose as losing is something that happens regularly when gambling, if using 1% is comfortable for you then you can use it so If you lose you don't lose much money but if 1% won't be enough for you then you can increase your risk. I use different percentages depending on the game that I'm playing as there are some games that I'm more confident in that I'll win when I gamble.

[junder]

While only gambling away 1% of our income may seem to be awfully restrictive, we must also recognize that those that are struggling the most and are earning less money should be the ones making the smallest bets, as they cannot really afford to spend so much on something that should be just a hobby, and the ones that have a larger income are the ones that could allow themselves to bet more than that, as they can afford to pay their bills with a smaller percentage of their monthly pay.

1% sounds like a tiny amount of money to me; if you're earning €1000 per month, it's actually €10 to be put towards gambling. To be honest, I usually gamble more than that, and I'm quite careful and reserved in terms of how much money I spend on gambling. However, if someone is struggling to make ends meet, then they should avoid gambling in the first place; they're not in a position to lose money. Even if you can afford a small percentage of your salary to be spent, you need to have a buffer, as it's easy to get carried away and exceed your predetermined amount intended for gambling purposes.

I think it's pretty self-explanatory why someone in this situation shouldn't gamble, even for minor amounts.

That's right, if someone is struggling for their daily needs, gambling is not recommended. Even though gambling can be called doubling money but that is not the case, also if they still insist on gambling with a budget of 1% of the income they get per month, I think they will definitely want to gamble with a budget of more than that, because maybe gambling like that will feel boredom which can lead to a sense of wanting to gamble with a higher budget, and this certainly should not happen, because someone with a limited income must struggle to make ends meet. even if they gamble with a very small budget it is not recommended, it is better not to gamble at all.

Therefore, they should focus more on their more important life needs, do not let someone who is struggling with their life needs be tempted by those who say they can double their money in gambling, because that is not true for sure.

[Unbunplease]

Even if you decide to spend 1% of your capital on gambling to minimize losses, it will be almost impossible to keep to such a small self-restraint, especially if the probability of winning seems almost one hundred percent. Easier said than done

[Westinhome]

Even if you decide to spend 1% of your capital on gambling to minimize losses, it will be almost impossible to keep to such a small self-restraint, especially if the probability of winning seems almost one hundred percent. Easier said than done

The 1% of the current income standard will be very low,because for the developing or under developing countries average salaries is 100$.So the one percentage of the 100$ will be like the 1$,most of the gambling site doesn’t agree the bet below of 10$.Even if they agreed to low bets,the winning was based on the amount of money bet in the betting.The words are easier one,but applying was the hardest part here.So the 10 percentage of the income will be fit for the betting and then the gamblers may get the decent winning from the gambling site.If they can afford 20 percentage,So the gambling may starts with 20$ as initial to the gambling.

[arimamib]

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Yes that's right, taking small risks we can be sure that they don't bring any greed to their gambling approach so they only put 1% of the money they have, I say that they are quite responsible gamblers by only putting small amounts because of the amount of money What you bet will have a big influence on the impact you will experience later, for example, if you bet an amount that you cannot account for the loss, then it is clear that the most likely thing that can happen is that you will be annoyed and even act out of control, such as chasing losses.

The main problem lies  in misplacing expectations, I'm sure that's what makes them always feel disappointed with the final results not being what they want. They think that it is very easy to turn the opportunity of victory into reality, but it is not at all, on the contrary what happens is defeat which will continue to dominate you. So the point is that you have to pay attention to the money you will allocate, try to put money that won't be too much of a problem if you end up losing, it will keep you safe and comfortable.

I think It's commendable that people are taking a cautious approach by limiting their bets to a small percentage of their total funds. This strategy helps mitigate the potential negative impacts of losses and promotes a more controlled and mindful gambling experience. Your insight into the connection between the amount of money wagered and the emotional response to losses is crucial.

Indeed, betting an amount that people can afford to lose is essential in preventing frustration, and impulsive reactions, such as chasing losses. Misplaced expectations can indeed lead to dissatisfaction with gambling outcomes. Recognizing the unpredictability of gambling results and understanding that turning opportunities into victories is not guaranteed helps set more realistic expectations. This awareness can contribute to a healthier and more enjoyable approach to gambling, emphasizing the importance of responsible behavior.

[wallet4bitcoin]

 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

Betting with 1% of your budget seems like a joke but it's the best approach, I can't talk about the earnings as its directly dependent on the 1% committed which might be sufficient enough for an equal win.

A man with $100m  betting with $1m and winning $500k or $1m is considered a reasonable win.

[Ultegra134]

That's right, if someone is struggling for their daily needs, gambling is not recommended. Even though gambling can be called doubling money but that is not the case, also if they still insist on gambling with a budget of 1% of the income they get per month, I think they will definitely want to gamble with a budget of more than that, because maybe gambling like that will feel boredom which can lead to a sense of wanting to gamble with a higher budget, and this certainly should not happen, because someone with a limited income must struggle to make ends meet. even if they gamble with a very small budget it is not recommended, it is better not to gamble at all.

Therefore, they should focus more on their more important life needs, do not let someone who is struggling with their life needs be tempted by those who say they can double their money in gambling, because that is not true for sure.

Just because gambling may multiply your money doesn't mean that you should go ahead and risk your life savings. If you can't afford it, it's a no-go, period. The issue is that there are people who're barely making ends meet who rely on probabilities, believing that gambling is their way out of poverty. Unfortunately, it's a pretty common occurrence and usually doesn't end up well. It's extremely easy to get carried away and lose track of how much money you're spending.

[Renampun]

1% sounds like a tiny amount of money to me; if you're earning €1000 per month, it's actually €10 to be put towards gambling. To be honest, I usually gamble more than that, and I'm quite careful and reserved in terms of how much money I spend on gambling. However, if someone is struggling to make ends meet, then they should avoid gambling in the first place; they're not in a position to lose money. Even if you can afford a small percentage of your salary to be spent, you need to have a buffer, as it's easy to get carried away and exceed your predetermined amount intended for gambling purposes.

I think it's pretty self-explanatory why someone in this situation shouldn't gamble, even for minor amounts.

I also think so, 1% of my income is too little to gamble with, it's only around $5 USD and there's no point in gambling that little amount of money because it will only waste time. I think gambling more than 20 percent of your income is still reasonable, the most important thing is that you have set aside money first for important needs and other things which are priorities, then you can gamble freely with the remaining money. Because after all other needs are more priority than gambling, don't do the opposite because it will harm you.

[Fivestar4everMVP]

Well, I personally believe that this strategy is also the same as gambling with the amount of money one can easily afford to lose and not bother about it.
For me, this is something Ive been practicing for a very long time now, i might not have paid attention to playing with only 1% of my household income, but I've always made sure that I do not exceed the amount of money I am very comfortable losing, and with this strategy, my Gambling experiences have always been awesome, only one time can I remember that I have gone over board in betting a huge amount of money, which I lost, and the experience was really excruciating, and since then, I've learnt my lesson and never will I make make such mistake again.

[Wiwo]

Well, I personally believe that this strategy is also the same as gambling with the amount of money one can easily afford to lose and not bother about it.
For me, this is something Ive been practicing for a very long time now, i might not have paid attention to playing with only 1% of my household income, but I've always made sure that I do not exceed the amount of money I am very comfortable losing, and with this strategy, my Gambling experiences have always been awesome, only one time can I remember that I have gone over board in betting a huge amount of money, which I lost, and the experience was really excruciating, and since then, I've learnt my lesson and never will I make make such mistake again.

Yes 1% is still at a good leverage level and with minimal impact if it be that it becomes a loss in the end since the amount in stake can be said to be an effortless amount that can easily be looked away from if it becomes a loss a the end of the day,  and you are right to say that gambling along that line of stake in 1% is still same as betting with the amount that one can lose and still be comfortable with on the long run.

Staking 1% out of the entire income may be okay but if it records frequent losses and does not make any income increase it may also means a lot of it being accumulated over time as losses.

[Fivestar4everMVP]

Well, I personally believe that this strategy is also the same as gambling with the amount of money one can easily afford to lose and not bother about it.
For me, this is something Ive been practicing for a very long time now, i might not have paid attention to playing with only 1% of my household income, but I've always made sure that I do not exceed the amount of money I am very comfortable losing, and with this strategy, my Gambling experiences have always been awesome, only one time can I remember that I have gone over board in betting a huge amount of money, which I lost, and the experience was really excruciating, and since then, I've learnt my lesson and never will I make make such mistake again.

Yes 1% is still at a good leverage level and with minimal impact if it be that it becomes a loss in the end since the amount in stake can be said to be an effortless amount that can easily be looked away from if it becomes a loss a the end of the day,  and you are right to say that gambling along that line of stake in 1% is still same as betting with the amount that one can lose and still be comfortable with on the long run.

Staking 1% out of the entire income may be okay but if it records frequent losses and does not make any income increase it may also means a lot of it being accumulated over time as losses.

You are right bud, but then, with consistent income, the impact won't still be felt since it's not like the 1 percent is being removed from the same amount of money that 1 percent have already been removed from before, that then simply means, it's no longer 1 percent that is being removed but more.

For example, if I earn a consistent $70,000 dollars every Month, and from that amount, I remove 1 percent off it every month to gamble, even if all the games always end up in a loss, the impact wont be felt since money is coming in consistently.

Consistent loses becomes noticeable and possibly affects the gambler financially if the gambler doesn't have a consistent income.

And worthy of mentioning also is that, not like it's hard for any one to only stake 1 percent of their income on games, but we all know that the higher you stake, the higher amount of money you would win if you are lucky, this I believe is one of the major reasons why most gamblers over bet.

[Sanugarid]

I also think 1% is really small, but if it's only what other people's budget can afford, there's nothing wrong with that as long as you enjoy playing gambling. Because I can bet 5% and I can afford to lose, for me there is no problem even if it is a few % as long as you are careful about gambling, you will not exceed the budget you have set, control your emotions there will always be no problem. Everyone has the right to gamble, just be careful because we know that gambling can sometimes ruin lives.

[Wiwo]

I also think 1% is really small, but if it's only what other people's budget can afford, there's nothing wrong with that as long as you enjoy playing gambling. Because I can bet 5% and I can afford to lose, for me there is no problem even if it is a few % as long as you are careful about gambling, you will not exceed the budget you have set, control your emotions there will always be no problem. Everyone has the right to gamble, just be careful because we know that gambling can sometimes ruin lives.

some time what some gamblers just want is just r have fun and ease off stress and you can see that from the pattern of bets and how much they place on their bets at some point, many of them use the 1% stake it will be much more obvious that that set of gambler are just the fun seekers and nothing more.

But when you see someone staking a huge amount that is basically out of comprehension it then becomes clear that greed is outplaying their sense of judgment and at that stage,  their risk factor will become high.

[Dewi Aries]

Even if you decide to spend 1% of your capital on gambling to minimize losses, it will be almost impossible to keep to such a small self-restraint, especially if the probability of winning seems almost one hundred percent. Easier said than done

Maintaining will always be the hardest thing and planning may be very easy because you have not felt what things or temptations are there that can make you increase the amount of your budget from 1% to 10% maybe. But on the other hand it doesn't matter because with the intention of taking a smaller risk it is better for you, the other thing that must be considered and prioritized is that you must maintain awareness and firmness in terms of limits within  yourself so that you are not easily tempted by any temptation that is there.

[Mahanton]

Well, I personally believe that this strategy is also the same as gambling with the amount of money one can easily afford to lose and not bother about it.
For me, this is something Ive been practicing for a very long time now, i might not have paid attention to playing with only 1% of my household income, but I've always made sure that I do not exceed the amount of money I am very comfortable losing, and with this strategy, my Gambling experiences have always been awesome, only one time can I remember that I have gone over board in betting a huge amount of money, which I lost, and the experience was really excruciating, and since then, I've learnt my lesson and never will I make make such mistake again.

Yes 1% is still at a good leverage level and with minimal impact if it be that it becomes a loss in the end since the amount in stake can be said to be an effortless amount that can easily be looked away from if it becomes a loss a the end of the day,  and you are right to say that gambling along that line of stake in 1% is still same as betting with the amount that one can lose and still be comfortable with on the long run.

Staking 1% out of the entire income may be okay but if it records frequent losses and does not make any income increase it may also means a lot of it being accumulated over time as losses.

You are right bud, but then, with consistent income, the impact won't still be felt since it's not like the 1 percent is being removed from the same amount of money that 1 percent have already been removed from before, that then simply means, it's no longer 1 percent that is being removed but more.

For example, if I earn a consistent $70,000 dollars every Month, and from that amount, I remove 1 percent off it every month to gamble, even if all the games always end up in a loss, the impact wont be felt since money is coming in consistently.

Consistent loses becomes noticeable and possibly affects the gambler financially if the gambler doesn't have a consistent income.

And worthy of mentioning also is that, not like it's hard for any one to only stake 1 percent of their income on games, but we all know that the higher you stake, the higher amount of money you would win if you are lucky, this I believe is one of the major reasons why most gamblers over bet.

Gambling is never been an income and it is really just that for fun, there are really just those people who dont really that cant really be able to control themselves on what they are spending. 1% is something that would really be that good because you wont really be making yourself getting wrecked with gambling if you do have this kind of spending. It is really just that there are people who arent really that getting contented on the way that they are spending because they do really aim for something bigger and this is something a behavior on which you shouldnt really tolerate or else you would really be finding yourself on great trouble when it comes to finances because people who do usually wreck up themselves on the time that they do make out those huge spendings just because they do really believe that they could be able to succeed with gambling.
It is really just that there are people who do make themselves delusional instead on minding about realistic approach on things.

When you do gamble then you should really be only spending on the amount that you can afford to lose, never ever make yourself on betting on the amount on which you cant really be able to afford to lose.
Usually people would really be that having those kind of impressions but there are ones who arent really that getting affected with these things because they've been thinking that they could be able to
to have some fun without needing to spend that much and treating up gambling as a form of entertainment and leisure and not into some sort of income making.
There are really just those people who cant really that have that realistic approach towards gambling and acting up on the opposite way.