Risking 1% in Gambling

[Mr. Magkaisa]

      -  If you only allocate 1% of your income every week to gambling, I think that's fine if, for example, you earn $100 weekly and that's only $1 every week. And I think this way we can maximize ourselves in crypto gambling, in my opinion.

So, overall, for me, this method is fine in my opinion, and I don't know about other gamblers here, but for sure, for those who bet heavily in casinos, I don't think that will work for them because it is only a very small amount after all.

[retreat]

Since I have a limited income and only play a maximum of 5 times a month it seems that betting 1% of my income is very little and not fun at all. Usually I set aside 15-20% of my income just for gambling and I don't set a limit on how much I have to spend in one game. If I feel it's time to stop, then I just stop, especially when I experience a losing streak. Playing with a system like this is more fun for me because I'm not fixated on what percentage of money I have to spend in one game.

[ultrloa]

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 Guidelines

Yeah we think about that but unfortunately not all the time we can follow that percentage plan since we are been caught up sometimes when we are at climax playing. But even though I exceed I also make sure that I will not exceed up to 5% of allocated on gambling since anything above with that is a different story and I consider myself sick. Anyways each people have different take regarding on this but I'm sure they also have their own discipline and strategy use so that they will not encounter any financial difficulties.

But I guess its different in trading especially on spot since I can hold if there's no good to be happen on my trades that's why I don't have fix budget regarding on how much I use on it since I always treat it as part of my investment.

[Ever-young]

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 Guidelines

The 1% gambling strategy is a good technique and method of managing risk and avoiding gambling addiction, because you don't get to spend more than your gambling limit or have fear of loosing money you've probably planned on using for something else.

But what about those who are not on a steady income? I mean those who don't receive a specific amount of money monthly, and maybe what they do actually earn isn't enough and 1% wouldn't even be enough to gamble with. People that fall under this category, do they also have to deploy the 1% technique or is there another kinda technique that'll be more suitable for them?

[ethereumhunter]

Maybe some people feel it's okay to use 1% of their income, but not for those who have started gambling frequently. The percentage amount is very small for gambling, but if they feel that's all they can afford, that's okay because we gamble within the limits we can afford. We also cannot exceed the amount of money we can afford. I don't use percentages in gambling but it's probably around $10 every week but it's not spent in one week but that amount of money could probably last up to two weeks if I didn't visit the casino to gamble.

The important thing is that you know how much money you can use in gambling and not exceed the limit. If you can comply with the limits you set, you don't need to worry about existing problems. You will definitely be fine playing gambling and enjoy every gambling game you play.

[DabsPoorVersion]

Maybe some people feel it's okay to use 1% of their income, but not for those who have started gambling frequently. The percentage amount is very small for gambling, but if they feel that's all they can afford, that's okay because we gamble within the limits we can afford. We also cannot exceed the amount of money we can afford. I don't use percentages in gambling but it's probably around $10 every week but it's not spent in one week but that amount of money could probably last up to two weeks if I didn't visit the casino to gamble.

The important thing is that you know how much money you can use in gambling and not exceed the limit. If you can comply with the limits you set, you don't need to worry about existing problems. You will definitely be fine playing gambling and enjoy every gambling game you play.

Yes, because there's nothing wrong if you have a certain amount to spend on gambling each week/month. Especially if you think that 1% is too small to start gambling as it won't last longer. Using 1% of your income is just another strategy to at least provide a reminder for most gamblers that was not able to manage their money in gambling.

Exactly. Knowing the amount of money to spend on gambling only shows that you are a responsible gambler. Aside from this kind of strategy, as I have also said in the past, if you make enough profit using your small capital, go on and withdraw the capital, and continue playing using your earned money if you want to stay playing.

[dzungmobile]

Maybe some people feel it's okay to use 1% of their income, but not for those who have started gambling frequently. The percentage amount is very small for gambling, but if they feel that's all they can afford, that's okay because we gamble within the limits we can afford.

The important thing is that you know how much money you can use in gambling and not exceed the limit. If you can comply with the limits you set, you don't need to worry about existing problems. You will definitely be fine playing gambling and enjoy every gambling game you play.

The limit sets at 1% of income for gambling is good but practically, how a gambler can keep this rule in action and does not break it. It is important because it is decisive for what they will end with gambling.

Some people can not control themselves and after losing initial 1%, they might deposit more and more and with this uncontrollable gambling style, we can guess the ending.

The point is if they know they are bad with control of their emotion and greed, they should never touch gambling. Because they will definitely not be able to Gambling Responsibly.

[piebeyb]

Every gambler always has their own percentage limit, some use around 1%, some use 5% of household income, some also use unused money or unused money, but that's the way every gambler has to do it, because if Gamblers who succeed in setting their budget consistently when gambling will definitely gamble responsibly and of course play more safely than gambling recklessly.

I usually use 2% of the weekly salary income that I get from my job, so I am always consistent with that even though sometimes it can change from that percentage but it will not be far from 2%, because in my opinion there is no need to use a lot of money to gamble because I gamble just to have fun so I won't be too serious about getting money from gambling, use enough money to feel the adrenaline and get entertainment, that's all and if you win, just think of it as a bonus.

[Yamifoud]

Maybe some people feel it's okay to use 1% of their income, but not for those who have started gambling frequently. The percentage amount is very small for gambling, but if they feel that's all they can afford, that's okay because we gamble within the limits we can afford. We also cannot exceed the amount of money we can afford. I don't use percentages in gambling but it's probably around $10 every week but it's not spent in one week but that amount of money could probably last up to two weeks if I didn't visit the casino to gamble.

The important thing is that you know how much money you can use in gambling and not exceed the limit. If you can comply with the limits you set, you don't need to worry about existing problems. You will definitely be fine playing gambling and enjoy every gambling game you play.

Yes, because there's nothing wrong if you have a certain amount to spend on gambling each week/month. Especially if you think that 1% is too small to start gambling as it won't last longer. Using 1% of your income is just another strategy to at least provide a reminder for most gamblers that was not able to manage their money in gambling.

Exactly. Knowing the amount of money to spend on gambling only shows that you are a responsible gambler. Aside from this kind of strategy, as I have also said in the past, if you make enough profit using your small capital, go on and withdraw the capital, and continue playing using your earned money if you want to stay playing.

They key here is we should gamble what we can afford to lose. No percentage or a specific amount as it's us who should evaluate how much we can afford to lose only and it could change overtime depending on our income. 10 usd per week, personally I find it very small and it doesn't excite me at all but I respect there are gambler who stick with conservative approach in gambling, and if that would make them safe and enjoy at the same time, so be it.

[Kasabus]

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 Guidelines

Using 1% strategy in gambling is fine as long as your sole purpose is just to entertain yourself, and that you're okay whether its a loss or win. However, from my own experience, betting a very small amount is not challenging at all, maybe because I still have this urge to win decent amount in gambling at some point. I'm actually betting 5% once or twice a month from my monthly salary, and that's never an issue if ever I lose them all.

However, we all have betting preferences in gambling. And what works for me might not work for you, so if you are still starting to explore gambling, using 1% strategy is really fine.

[DabsPoorVersion]

Maybe some people feel it's okay to use 1% of their income, but not for those who have started gambling frequently. The percentage amount is very small for gambling, but if they feel that's all they can afford, that's okay because we gamble within the limits we can afford. We also cannot exceed the amount of money we can afford. I don't use percentages in gambling but it's probably around $10 every week but it's not spent in one week but that amount of money could probably last up to two weeks if I didn't visit the casino to gamble.

The important thing is that you know how much money you can use in gambling and not exceed the limit. If you can comply with the limits you set, you don't need to worry about existing problems. You will definitely be fine playing gambling and enjoy every gambling game you play.

Yes, because there's nothing wrong if you have a certain amount to spend on gambling each week/month. Especially if you think that 1% is too small to start gambling as it won't last longer. Using 1% of your income is just another strategy to at least provide a reminder for most gamblers that was not able to manage their money in gambling.

Exactly. Knowing the amount of money to spend on gambling only shows that you are a responsible gambler. Aside from this kind of strategy, as I have also said in the past, if you make enough profit using your small capital, go on and withdraw the capital, and continue playing using your earned money if you want to stay playing.

They key here is we should gamble what we can afford to lose. No percentage or a specific amount as it's us who should evaluate how much we can afford to lose only and it could change overtime depending on our income. 10 usd per week, personally I find it very small and it doesn't excite me at all but I respect there are gambler who stick with conservative approach in gambling, and if that would make them safe and enjoy at the same time, so be it.

More like this limit will only make you more aggressive to deposit again. This only applies to some gamblers that are not easy to satisfy their desire to play. 10 USD is indeed too small to gamble and it will only take you around 10+ bets. However, there are really some people who only want to enjoy gambling even now and then. This small amount can make them satisfied and be enough to gamble for some time.

[Wapfika]

They key here is we should gamble what we can afford to lose. No percentage or a specific amount as it's us who should evaluate how much we can afford to lose only and it could change overtime depending on our income.

I agree to this because this is what I’m doing since gambling is not part of my life which means I don’t need to allocate a certain percentage just to play. Using amount of money which I’m willing to lose is the best measurement to knew what is enough for gambling.

10 usd per week, personally I find it very small and it doesn't excite me at all but I respect there are gambler who stick with conservative approach in gambling, and if that would make them safe and enjoy at the same time, so be it.

This is already huge on 3rd world country like mine. It’s sufficient to feed a small family for a day so an average person here can have an excitement on gambling even with this amount. Although I really doubt if this balance will last longer on the typical casino games except for sportsbet.

[adultcrypto]

     -  If you only allocate 1% of your income every week to gambling, I think that's fine if, for example, you earn $100 weekly and that's only $1 every week. And I think this way we can maximize ourselves in crypto gambling, in my opinion.

So, overall, for me, this method is fine in my opinion, and I don't know about other gamblers here, but for sure, for those who bet heavily in casinos, I don't think that will work for them because it is only a very small amount after all.

This idea of risking 1% per bet reminds me so much about trading because in trading, risk management constitute a key  component of the learning process. Unfortunately, many gamblers have no risk management in place and even start gambling without planning.

I'm glad that a post like this came up as it reiterates part what I think is necessary habit every gambler must imbibe to succeed in the business. When risk management is in place, gambling becomes less painful because losses must always come and it is risk management that handles it.

[coin-investor]

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 once read how good that 1% but I prefer to play with money that I can afford to lose and most of the time it's not 1% but I made sure that I never go over 10%
the most important is you enjoy the game and you are comfortable with the money that you've lost it need not be 1% as long as I'm ok I can log out without thinking that I think I lost more than what I can afford to lose I'm ok with it when I was single I can afford to spend 20% but now family comes first you have to think your household budget first before your gambling allocation.

But I know some people who go overboard and spend up to 30% of their monthly income, the reason is they have a good winning average with their betting, some gamblers are exempted from this 1 to 10% rule and these gamblers are known as risk takers.

[Peanutswar]

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,

It depends on how much you can able to risk at the end of the day it's your decision and willingness until how much you can afford to risk. Sure there's some people who cant control themselves even if they want to bet 1% with their getting with their emotions possibly more than that they can risk, they will just realize the amount they have already. People who have consciousness with their self-control have the capability to stick with this plan of 1%.

If you have less expenses I guess higher than this you can more than to risk but doing gambling before your basic needs seems can give a huge trouble with your current status.

[Blitzboy]

Calling any gambling "risk-free" is dishonest, right? Even at 1%, risk accumulates. If you play 100 games, doesnt each loss hurt your finances? Also consider psychology. Doesn't this method provide a false sense of security, encouraging gambling? Like the 1% trading technique, your approach ignores a key point: trading includes appreciable assets, while gambling doesnt. Can we risk mainstream gambling as a financial strategy instead of seeing it as enjoyment with risks?

Finally, how do we confront addiction? Is this "risk management" strategy not indirectly encouraging greater gambling? One might argue its a slippery slope from controlled gambling to problematic behavior. Thoughts?

[moneystery]

...

The important thing is that you know how much money you can use in gambling and not exceed the limit. If you can comply with the limits you set, you don't need to worry about existing problems. You will definitely be fine playing gambling and enjoy every gambling game you play.

agree with you. the point is how a gambler can set limits for their game and consistently adhere to these limits. because the essence of gambling is for fun and if a gambler can limit themselves in this regard it is a very good thing because they will be able to become a responsible gambler and be able to enjoy all the games they play.

[wallet4bitcoin]

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 Guidelines

This is the best approach to gambling and trading as well. We can not exhaust the benefits that comes with it, from the stable mentality and the rational decisions you make to the risk you manage.

When gambling with this 1% formula, it becomes a case of probability for you and truly leaves you dependent on luck to play out and you might not have to feel depressed as a result of a loss and the issue of addiction is limit drastically.

[arimamib]

~

~

They key here is we should gamble what we can afford to lose. No percentage or a specific amount as it's us who should evaluate how much we can afford to lose only and it could change overtime depending on our income. 10 usd per week, personally I find it very small and it doesn't excite me at all but I respect there are gambler who stick with conservative approach in gambling, and if that would make them safe and enjoy at the same time, so be it.

More like this limit will only make you more aggressive to deposit again. This only applies to some gamblers that are not easy to satisfy their desire to play. 10 USD is indeed too small to gamble and it will only take you around 10+ bets. However, there are really some people who only want to enjoy gambling even now and then. This small amount can make them satisfied and be enough to gamble for some time.

Agreed.. Implementing that limit could potentially lead to increased aggression and frustration among some gamblers, particularly those with a strong urge to gamble, because such a limit could hinder their ability to gamble as much as they desire, leading to feelings of dissatisfaction and a compulsion to deposit more money in order to continue playing. That limit will reduce the potential benefits, but also could help to reduce the overall amount of money that gamblers spend, potentially mitigating the negative impacts of gambling on their finances and personal lives.

The effectiveness of the limit would depend on the individual gambler's motivations, financial situation, and ability to control their gambling behavior. While it could lead to increased aggression in some cases, it could also promote responsible gambling practices and reduce the potential harm associated with excessive gambling. But I dont think gamblers would stick on very small limit, adrenaline and greediness would break the limit.

[Rruchi man]

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.

The people who need the advice more, are people who gamble more regularly, so that they do not overspend money on gambling to the extent that it affects their daily living. Even if you gamble with small amounts of money but often, you will not know before you exceed the advised 1-2%.

For people who gamble less frequently that is occasionally, they can afford to gamble heavily at once, because since they show signs of lesser addiction, they will be able to control themselves better, and stick to the 1%.

Gambling is not a way to make money, if you do not have money, work and try to get money from other reliable sources before you decide to gamble. Do not become the desperate gambler who lacks self control.