Risking 1% in Gambling

[Aanuoluwatofunmi]

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.

How sure are you going to know that the only risk you took was only on 1% and nothing more, we should know that gambling alone is taking a risk to bet on wether to loose or win which is a 50 by 50 percent perfect risk, now the kind of game we played also has it constituents along this risk, am not saying that we cannot even use a single 1 percent probabiliy to win a bet, but the chances in relation to the probabilities are very small and weak.

[Fatunad]

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.

How sure are you going to know that the only risk you took was only on 1% and nothing more, we should know that gambling alone is taking a risk to bet on wether to loose or win which is a 50 by 50 percent perfect risk, now the kind of game we played also has it constituents along this risk, am not saying that we cannot even use a single 1 percent probabiliy to win a bet, but the chances in relation to the probabilities are very small and weak.

Bolded part!

Mentioned about having that 1% of his bankroll and not with the odds that he's been talking. Two things are different and this is why it would really be that important that you should really know
on how to read up at least on what are the things that had been said or mentioned out so that you could really be able to respond basing up on what had been said.

Risking out 1% of your bankroll then it is really that a good approach but do we really believe that gamblers would really be patient enough and tends to make things stay put on longer runs?
For sure with a couple of losses then you would really be pretty sure you would be changing up those percentages and you would really be that ending up on
betting even more until you do go all in. 

[Issa56]

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.

It's really a nice idea, but we all know most people won't follow the idea. A lot of people in the gambling space are gambling because of money, so if you suggest they gamble with just 1 percent of their gambling portfolio, we all know it's really safe, but they won't be able to make the money that they are looking for. The only people that can follow your strategy are those who just gamble for fun, but people who are gambling because they want to make money won't follow the strategy that you just recommended, most of them don't care about the risk which they are taking, all the want is jackpot from gambling, so the are ready to do everything just to hit the jackpot.

Do you guys also follow a similar strategy like gambling with 1% or 2% on each game?

I don't have any fixed percentage that I do gamble with, actually, I do gamble with just a little amount of money. I don't really spend much money on gambling. I gamble with any amount that I wish to gamble with at any particular period of time, maybe I should still start monitoring the amount that I am spending on gambling.

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.

Most people don't really follow all those strategies because of the high reward they are looking for. Let me use future trading as an example. Don't you see the high leverage that most people use just because of the high reward they will get, but they do ignore the risk in using high leverage. The same thing is applicable to gambling, people will want to gamble with a large amount of money just because of the reward they will get.

[swogerino]

I think that when that 1% is 50-100 dollars for me is enough to gamble for month,well for most people is a low amount but I like to use IDR as a currency and you can multiply that with near 16.000 IDR which is 1 dollar in value so I can play really long with that amount.For example near 1.600.000 IDR is 100 dollars and with that amount if you only play sport betting or you keep buying the bonus in Pragmatic slots with lowest bet amount you can have a huge amount of fun no matter if you lose this money,you will play long enough to enjoy a lot considering you are only paying a fee to have fun in this context.

[darkangel11]

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.

Are you sure that 1% makes it a safe bet? Why not go lower into like 0.1% and make it extra safe?

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.

When I read it for the first time I thought that you must be joking or it's one of those threads made for the sake of posting so you can make your quota, but I'm not so sure now since you're making a whole explanation of how betting low makes it safe from losing. How's that really working out for you? Do you really think that your odds change when you lower the bet?

[Vaculin]

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

Risking 1% in gambling could be the safest strategy when it comes to gambling, that is even if you lose them all, there will be no regrets and issues. But for me, it's like I'm risking for nothing. It will be more challenging if it's 3-5%, but I guess gambling with 1% is quite boring for me.

I may be quite generous when it comes to betting but it's the only way I'm getting thrilled. The important thing here is that I still got to manage my expenses and losses from my gambling habit, and my finances are not put at risk.

[Roseline492]

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.

That's the best percentage to use on gambling because the money is not much so losing it in gambling will not affect you in any way but however the only thing is that the chances of wining a reasonable amount of money will be very low because the amount Is quite small to expect something big from any wining from it.

I think that's one of the reasons why most gamblers prefer to stake higher amount of money in other for them to have
a good reasonable amount of money if they eventually wins but however is better to gamble with the money that cannot affect you if you lose it.

[Dr.Bitcoin_Strange]

Well, I don't often seem to calculate the percentage of what I am gambling off, but I think it's wise to not gamble more than 5% percent of one's income, or perhaps don't gamble more than the amount that is supposed to be used in sorting out other important bills, which will get you to regret it at some point. For example, since I love sports, I can just stake $20 in different games, like five dollars each, and while the game is running, I will not have the need to bet more but to relax and watch the matches play out. If I am also playing slots, I could just decide to use $20, and when it exhausts and there is no serious win for me, I will just rest for the day.

[dothebeats]

This seems like a sound idea, but value-wise, better use the entirety of your funds to something worthwhile other than gambling.

Most people still prefer the safer option when it comes to sports betting, so obviously there is a very little return that each winning bet will get. Of course, people who want to be optimal and smart in their approach would not want to bet more than 3 or 4 events at the same time, as that may affect their analysis and predictions. If you are risking that small amount to win 1.5x more, is it worth the time you have analyzed a bet and researched for current news? I don't think so.

Then again, to each his own. If you have a larger gambling fund, perhaps the 1% approach will work. But to those who only has less than a $100 to bet on, better up the increments and look for safe bets to work with.

[temple]

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

It does at least sound like someone is defining limits and a budget, but it is a relative number that may not apply to others. However, since it is a very low one I guess this could be handled by most of the people. 10% could be a number that not any household can afford to spend on gambling and the question is when there is really no spare money at all, whether a 1% rule could still apply because someone does it to find some time off for themselves and relax.

[klidex]

Well, I don't often seem to calculate the percentage of what I am gambling off, but I think it's wise to not gamble more than 5% percent of one's income, or perhaps don't gamble more than the amount that is supposed to be used in sorting out other important bills, which will get you to regret it at some point. For example, since I love sports, I can just stake $20 in different games, like five dollars each, and while the game is running, I will not have the need to bet more but to relax and watch the matches play out. If I am also playing slots, I could just decide to use $20, and when it exhausts and there is no serious win for me, I will just rest for the day.

I agree with you, only use no more than 5%, in my opinion it is still a reasonable limit, not too small and not too big. The most important thing in gambling is that we can position ourselves as responsible gamblers who can manage our finances well like you do.
as gamblers we must be able to apply gambling within these limits, set a budget that is not too big and when you make a profit, immediately withdraw the money, but when you lose the money that has been set, stop immediately and do not continue gambling because it will be very risky to lose more money. Even bigger than the limits that we have implemented, a disciplined attitude in gambling is very important, we must be able to comply with the rules that we have set.

[zuzie]

If you only use 1% of your money to gamble, I don't think it will be a problem as long as you don't gamble every day. This means that we only bet 1% of the money we have 2 or 3 times a week and this step can also overcome the risks in gambling. .

According to this thread, risking just 1% in gambling is good advice and important for gamblers to do because it can anticipate large losses and does not make a gambler addicted.

[bluebit25]

Excessive security does not make gambling more interesting, because there are no rules to follow when spending money on gambling games. I might be willing to spend 10% of my monthly income on betting, but of course it doesn't happen often, and gambling doesn't force me to play, and I want to actively seek comfort when in contact with it. But I absolutely believe this strategy's recommendations can be applied to those pursuing this field in a strategic way to bring in new revenue streams. Perhaps this is just a small part of the entire guide to money management here.

I gotta agree with this, if we aren't risk taker then we shouldn't be gambling. 1% is quite low for majority of the gamblers, and since majority aren't earning huge salary on a monthly basis, that 1% might not even excite them anymore.

Maybe we should start with asking how much as the average salary on majority of the gamblers. My wide guess is less than $1000... So 1% of that, just guess, the answer will give you an interest not to gamble anymore.

This percentage if followed will only discourage gamblers from enjoy this entertainment thing.

Yep, perhaps this strategic approach would be suitable for those who gamble on a daily basis, and even if a month's total loss is above the applied level, about 30% of the monthly salary is spent on gambling. But still more realistic is the issue of whether management really ensures that it will not stop when it fails. I believe that many people who are passionate about gambling will not be alert enough to maintain the original rules.

For me, gambling inspiration is only used occasionally, maybe on weekends with sports betting or online and offline casinos. But I know that many people are also professionals at gambling, but that is not what I pay attention to in this field.

[kotajikikox]

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.

thank you for sharing about your strategy now , it is also good that you now know how to manage a responsible gambling.
best that you have decided and can stand for this all your gambling days so you will never regret what have you done for your life.

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.

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 .

[DabsPoorVersion]

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.

That's why it is advisable to gamble with the amount based on your personal budget. This way, an aggressive gambler won't think of adding more money to his account and gamble again after spending the initial amount for gambling. It's not bad to limit our budget in gambling, just allocate the amount that can satisfy our desire in gambling. As I have said, this is only one of a few strategies, if this does not fit someone, some people do.

[Japinat]

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.

[2Pizza410000BTC]

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 less money you can participate in betting on a gambling platform, the better for you/me. The conclusion the OP has made here is perfectly reasonable. If we participate in betting with 1% of income then surely there is no risk for our betting platform and no risk for our family. 1% of income can be taken as entertainment. But not considering that there are many people here, they take the whole share of income for betting, so one time they lose betting and develop hatred towards betting. Moreover, there are other people who lose more money and are more attracted to gambling and later participate in more bets to recoup their losses and become addicted to gambling. So bet with at least 1%-2% percentage income in bet should be participated first.

[Silberman]

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

I bet even less than that and there are several reason for this, the first one is that as you state by making low bets and never increasing them you can be in complete control of your gambling and you will reduce to zero the chances of losing everything in a single bet, however another reason is that by making small bets I can increase the time I gamble while reducing its costs, so I can obtain a great deal of fun for an amount of money that is pitifully small.

[Woodie]

This 1% risk strategy is something I do when it comes to trading forex with a profit target of 5X which is 1:5, but the thing with gambling is that the risk factor is much lower as compared to trading and it doesn't make it any easy risking a percent of your capital as this would mean looking for high odds which increases your chances of losing using this approach!

Why not risk more say 10% and try to get a lower ROI by targetting lower odds, I know the idea is to protect our capital but imagine using a capital of $100, 1% is a big ask to grow an account though on a big account of $1k or $10k a percent risk can be considered good risk management.

[ethereumhunter]

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.

That is why, before starting to gamble, we need to allocate some funds so that we don't gamble excessively and can use gambling as entertainment only. The allocation amount is adjusted to the amount of income minus all expenses that we prepare in a month. If there is still some left, then we can use it for gambling, but if there isn't, we shouldn't need to allocate funds for other needs because those other needs are still more important than gambling.

We also have to know how much we will spend and the amount of money we will save in savings and also as investments. Once we get the remaining amount of money, we can use it to gamble.

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.

What he means is that if they know that they are bad at controlling their emotions and greed, they should not touch gambling. Because they definitely won't be able to Gamble Responsibly.

Maybe because 1% is such a small amount, they feel that if they lose all their money, they need to deposit some more funds to continue gambling. If they continue to do it, slowly, it will become an addiction where they will not realize it and it will become a habit so they will not be able to have the discipline to gamble.

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.

A gambler must limit his gambling activities so that he does not experience gambling problems, which can become an addiction. By limiting his gambling activities, a gambler can get pleasure from gambling and can also become a responsible gambler. Meanwhile, to become a responsible gambler requires many things that are not easy to learn. So when playing gambling, a gambler really has to limit the amount of money and always obey the rules.