Risking 1% in Gambling

[klidex]

~snip~

It's okay if you only use a small amount to gamble rather than the possibility of losing more money while gambling. We must avoid losing a lot of money from gambling and if 1% is an amount we can afford, we must still use that percentage to allocate funds to gambling. We don't need to add a larger amount of money because that could result in greater losses. Taking a 1% risk of losing money is enough for people to enjoy gambling as entertainment because they don't have to gamble for too long, which can make them lose control of themselves. We do not seek profit from gambling but only seek pleasure from gambling so that if we cannot win, we must be able to accept it and not chase bigger wins. And if they also don't have a gambling addiction problem, they should still use that allocated fund so they can also avoid big losses.

Of course, with 1% allocated you are not really worried about losing a lot of money because you have allocated 99% of your money to meet your living needs, in this case it means that you don't really prioritize gambling because what you prioritize is money for your needs.
At least with that 1% you can enjoy gambling and have fun without having to think about when you lose, where you are ready to lose that 1% and you can stop easily without having to deposit again to catch up on your losses.
By allocating 1% to gambling, of course you don't need to worry about being addicted to gambling because you have allocated 99% for your needs, not for gambling. If you are a gambling addict, maybe you will do the opposite.

~snip~

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.

1% is not too risk for people who earn more than $1 a month because they don't use half of it but only 1% You should understand what I mean if those who earn less than $1 per month are better off not using gambling because what is being discussed here is using 1% of the money that we can afford to lose, if someone think there is no more than 1 dollar a month, it mean they are using 1% their money to make a profit from gambling, even though I thinks that is impossible because gambling does not necessarily give us a profit.
Those with low incomes should not use their money to gamble if they are not prepared to lose it that money.

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[dansus021]

yeah that's great and the concept are same as the budget for gambling but on the gambling site, I don't have rules like how much percentage I want to bet in each game.  I just let it flow especially when i do gamble on Plinko the money and the times go fast + if you skip the animation and keep it auto on all colours. bet 100$ is just took a second to finish.

Do u guys have in in-game percentage when betting?

[len01]

yeah that's great and the concept are same as the budget for gambling but on the gambling site, I don't have rules like how much percentage I want to bet in each game.  I just let it flow especially when i do gamble on Plinko the money and the times go fast + if you skip the animation and keep it auto on all colours. bet 100$ is just took a second to finish.

Do u guys have in in-game percentage when betting?

TBH, I never estimate a budget for gambling but so far I only use money from campaign results and if possible when there is a good match on sports betting and at that time I dont have a budget I will just use the remaining money in my pocket without assessing what percentage I spend to gamble almost the same as what you do and actually there is no need to go into too much detail when you want to gamble as long as we gamble responsibly using money that is not used for daily needs, it does not matter, the most important thing is just not exceeding our limits.

maybe some people will do things like OP said, manage finances very strictly to avoid addiction, but some people dont because experience may also have an influence when it comes to managing a budget for gambling.

[ethereumhunter]

Of course, with 1% allocated you are not really worried about losing a lot of money because you have allocated 99% of your money to meet your living needs, in this case it means that you don't really prioritize gambling because what you prioritize is money for your needs.
At least with that 1% you can enjoy gambling and have fun without having to think about when you lose, where you are ready to lose that 1% and you can stop easily without having to deposit again to catch up on your losses.
By allocating 1% to gambling, of course you don't need to worry about being addicted to gambling because you have allocated 99% for your needs, not for gambling. If you are a gambling addict, maybe you will do the opposite.

By making an allocation, whatever the percentage, it must be adjusted to the amount of money you can afford so that you don't exceed the limits of what you can afford. This is to ensure that he does not lose a lot of money while gambling and that he can also fulfil his living needs well. With that percentage amount or one that has been adjusted to the amount of money he can afford, he can have fun well and will not think about winning or losing other than getting pleasure from gambling. And if he loses, he won't think about depositing any more money because he has already used his allocated funds for gambling. If he keeps depositing a certain amount of money, it means he is exceeding his limits, which could harm his financial position. And yes, by allocating a certain amount of money for gambling, he can avoid the possibility of gambling addiction, especially as many people have experienced this and it has become a serious problem that must be avoided by all gamblers who have not experienced gambling addiction.

[Hirose UK]

 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.

But from the start, setting budget of 1% for gambling from your monthly income will never be accepted easily because in gambling there is always feeling of dissatisfaction and with 1% we cannot get that satisfaction.
In my opinion, it not about commitment but about how much budget you have, if you can have large income then it worth it and can even produce commensurate win if you lucky.
It just that here everyone has different budget and of course 5% to 20% is budget that is still reasonable and acceptable if you lose.
Moreover, the gamblers here spend most of the proceeds from participating in the campaign on gambling and on average they use more than 20% of the total payments received.

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

Can all gamblers have the same income of $100 million?
This kind of response is not appropriate if it is conveyed publicly and of course not everyone can accept it.

[TheUltraElite]

I also think 1% is really small, but if it's only what other people's budget can afford,...

No risk is ever small, in EV- gambling your luck will wipe out the balance before you know it. Low risk gambling is a gimmick in my opinion, any gamble is a risk and if not stopped quickly leads to losses that cannot be recovered. You are basically just playing with the money at a 50% chance of winning and you will lose.

The less you take risks the less the rewards, which is also true and that puts off the gambler who thrives on risk. Hence the gambling industry works, the casinos market their risks and the gamblers pay for them.

[summonerrk]

yeah that's great and the concept are same as the budget for gambling but on the gambling site, I don't have rules like how much percentage I want to bet in each game.  I just let it flow especially when i do gamble on Plinko the money and the times go fast + if you skip the animation and keep it auto on all colours. bet 100$ is just took a second to finish.

Do u guys have in in-game percentage when betting?

TBH, I never estimate a budget for gambling but so far I only use money from campaign results and if possible when there is a good match on sports betting and at that time I dont have a budget I will just use the remaining money in my pocket without assessing what percentage I spend to gamble almost the same as what you do and actually there is no need to go into too much detail when you want to gamble as long as we gamble responsibly using money that is not used for daily needs, it does not matter, the most important thing is just not exceeding our limits.

maybe some people will do things like OP said, manage finances very strictly to avoid addiction, but some people dont because experience may also have an influence when it comes to managing a budget for gambling.

Like you, I think that such decisions are compulsive and it is very difficult to stick to constant values in bets. Let's imagine a situation - you have been waiting for a predictable match for a long time, and you see that teams that you know well are playing tomorrow. This means that you can predict the result of their game with a high degree of probability (as it seems to you). Then it will be difficult to withstand and not bet, for example, 5 percent of the deposit - the match is predictable! It’s these spontaneous decisions that I’m talking about. They ruin the player's financial strategy.

[Accardo]

Of course, with 1% allocated you are not really worried about losing a lot of money because you have allocated 99% of your money to meet your living needs, in this case it means that you don't really prioritize gambling because what you prioritize is money for your needs.
At least with that 1% you can enjoy gambling and have fun without having to think about when you lose, where you are ready to lose that 1% and you can stop easily without having to deposit again to catch up on your losses.
By allocating 1% to gambling, of course you don't need to worry about being addicted to gambling because you have allocated 99% for your needs, not for gambling. If you are a gambling addict, maybe you will do the opposite.

By making an allocation, whatever the percentage, it must be adjusted to the amount of money you can afford so that you don't exceed the limits of what you can afford. This is to ensure that he does not lose a lot of money while gambling and that he can also fulfil his living needs well. With that percentage amount or one that has been adjusted to the amount of money he can afford, he can have fun well and will not think about winning or losing other than getting pleasure from gambling. And if he loses, he won't think about depositing any more money because he has already used his allocated funds for gambling. If he keeps depositing a certain amount of money, it means he is exceeding his limits, which could harm his financial position. And yes, by allocating a certain amount of money for gambling, he can avoid the possibility of gambling addiction, especially as many people have experienced this and it has become a serious problem that must be avoided by all gamblers who have not experienced gambling addiction.

Looking at the article you'd understand that it's not only limited to wagering 1%, the player is required to adjust according to the amount he earns each month or annually. This is a good strategy for gamblers to always manage their funds and lead a valuable gambling experience. Nothing is wrong in staking games with 1% of our income, regardless of how much we'd earn from gambling the little amount. It's better to depend on the money we earn from business than money made via gambling. As it's not a place to make money or earn a living. It's a bad decision to spend all the money we make from business or company in gambling hoping to triple our profits. The trauma such a decision can cause to a gambler would be enormous, as he won't withstand the number of losses attributed to gambling. However, not everyone would love to adhere to this type of advises, and they'll go ahead to wager more than they can lose. Affected in business productivity, the gambler would lose more; in gambling and income sources.

Wouldn't it be a severe problem for the gambler? Gamblers must follow instructions from gambling experts, as there is a reason why they devise such methods of coping with money management. Many have experienced the downside of loss of money control in gambling. And doesn't wish for somebody else to pass through similar disputes.

However, it's not easy to stick to those instructions, because we all enjoy gambling and would prefer to get more of the thrills. Then we forget that the thrill isn't a thrill if we end up regretting our actions. Now believing after the whole game, that the thrill was a trick, puts gamblers to another level of anxiety. Those who seize to practice what they've learned about gambling face more difficult times, and find it hard to give up the bad habit. As they wish to recover all the losses at one go, wagering more money for a jack pot. Which doesn't come easily, and before it arrives the gambler may have chattered his income and derailed productivity. Therefore, he becomes half addicted feels bittered about gambling, and is not able to help himself. Hence, whenever we gamble, it's important to manage the money we earn through businesses, then follow advice like OP's.

[junder]

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.

Yep, that's true, because gambling doesn't always give us profits by multiplying our gambling. Well, believing that gambling is a way to overcome poverty is of course wrong, because it is impossible for them to win so smoothly. I mean it's impossible for gambling to always go according to wishes because what I know is that gambling only costs a lot of money and doesn't make a lot of money, especially if it happens often, it's very impossible, there are often losses rather than frequent profitable wins.

For those with limited incomes whose monthly income is only enough to meet their daily needs, I don't think they should force themselves to set a budget for gambling, it's better for them to focus on their daily economic needs. they can gamble if they have bonus money from the job they have, meaning they can gamble with more money than what they usually get, maybe that's not a problem. as long as you can control yourself. When they gamble with a bonus budget from work and lose, they have to stop and not force themselves to continue gambling, let alone use the money for their economic needs. Even if they almost win, they are not advised to continue gambling. So it's better to stop when you really have to stop or they will become addicted to gambling which will drain a lot of their money.

[Litzki1990]

You decide to gamble with the amount of money you can afford to lose but I never want to lose my money by gambling. I have earned even one percent of my total money so I definitely don't want to lose even one percent of my money by gambling.

So does your statement implies that you are anti gambling? If so, then there's no reason for you even participate in the gambling discussion as your statement is more like discouraging people because of the possibility of losing. No offense, but gambling is not about losing that you'll have to spend for it, it's about enjoying, getting the entertain and you are willing to risk money for that, even if you lose.

I'm a gambler, and I gamble regularly so you can't call me a gambler. A person does not become a gambler just because he or she presents facts about gambling. You can say that you sometimes gamble with the intention of losing money, but why do you? Every gambler, if asked such a question, will surely say that they do not gamble with the intention of losing money but rather with the intention of gaining money.  The intention is to win us but sometimes luck is not in our favor and our decisions are wrong due to which we lose gambling. I myself take gambling as a pastime and after finishing all my other work, I spend some free time in gambling. It's one thing to risk money and another to gamble with the intention of losing money and you're conflating the two.

[Finestream]

yeah that's great and the concept are same as the budget for gambling but on the gambling site, I don't have rules like how much percentage I want to bet in each game.  I just let it flow especially when i do gamble on Plinko the money and the times go fast + if you skip the animation and keep it auto on all colours. bet 100$ is just took a second to finish.

With 1% of your income, you can go careless with your bet and just enjoy whatever the outcome. If you win, you'll have an extra money to spend, maybe buy some beers and invite some friends to come over for a drink. It's not really a significant amount, but not everyone would be satisfied with that 1%, at least those who are will be safer.

Do u guys have in in-game percentage when betting?

There's no fix percentage, it's mostly base on gut feel since our aim is to win or maximize our profit. 1% is just small that we can afford to let go, so if we can cash out a big profit, that would be an extra satisfaction aside from gambling itself.

[slapper]

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.

Yep, that's true, because gambling doesn't always give us profits by multiplying our gambling. Well, believing that gambling is a way to overcome poverty is of course wrong, because it is impossible for them to win so smoothly. I mean it's impossible for gambling to always go according to wishes because what I know is that gambling only costs a lot of money and doesn't make a lot of money, especially if it happens often, it's very impossible, there are often losses rather than frequent profitable wins.

For those with limited incomes whose monthly income is only enough to meet their daily needs, I don't think they should force themselves to set a budget for gambling, it's better for them to focus on their daily economic needs. they can gamble if they have bonus money from the job they have, meaning they can gamble with more money than what they usually get, maybe that's not a problem. as long as you can control yourself. When they gamble with a bonus budget from work and lose, they have to stop and not force themselves to continue gambling, let alone use the money for their economic needs. Even if they almost win, they are not advised to continue gambling. So it's better to stop when you really have to stop or they will become addicted to gambling which will drain a lot of their money.

You're right; the seductive of gambling as a short-term solution to money problems is crazy. We are aware of the excitement and adrenaline rush in gambling But let's face it: the chances are rarely in the gambler's advantage. Doesn't the home always win? NIf gambling is entertainment, why not treat it like a movie ticket purchase? You don't pay for a yield on investment - you pay for the experience. It's okay for them to gamble with spare money as long as it's done for enjoyment rather than as a means of making money

However, what about restraint? Though it's easier said than done, we know. Excitement can swiftly transform into a routine, and routines into addiction. Is it not crucial to understand the fine line that separates compulsive gambling from recreational gaming? They wager, they lose; they then pursue losses, and so on. Is it not time for us to speak out more in favor of responsible gaming? Isn't awareness the key? They gamble for entertainment purposes only, so when it begins to jeopardize their financial security, it's best to cut back. Isn't it wiser to err on the side of caution and place a higher priority on stable finances than transient thrills?

[Raflesia]

It happens if we have a good enough job and a guaranteed monthly income to do that but for those who are on the average line with a monthly income from the salary of the work done actually I think this is still lacking and it happens for myself.
In my country the average salary received is around $200-$300 per month which means that if we spend 1 percent of our monthly income indirectly it means that one month we only have to spend $2-$3 which is not really enough.
Although that is a good guideline so that we dont get too carried away in gambling but  i still do it my way where i do it with a slightly larger nominal where in a month i might be able to be in the range of $15-$20 which means that it is 10 percent of the income that i get. Although this is considered too much for some people but im comfortable with this and it also doesnt interfere with the quality of the economy that i have so i dont have a problem with the amount that i spend.

[Jody.Drummer]

yeah that's great and the concept are same as the budget for gambling but on the gambling site, I don't have rules like how much percentage I want to bet in each game.  I just let it flow especially when i do gamble on Plinko the money and the times go fast + if you skip the animation and keep it auto on all colours. bet 100$ is just took a second to finish.

With 1% of your income, you can go careless with your bet and just enjoy whatever the outcome. If you win, you'll have an extra money to spend, maybe buy some beers and invite some friends to come over for a drink. It's not really a significant amount, but not everyone would be satisfied with that 1%, at least those who are will be safer.

But on the other hand although it is possible for them to be careless I don't think they will increase their budget too much from 1%, because obviously they are used to 1% and if they are not satisfied with their winnings then maybe they will only double the amount to 2% or a little more, which means it is still not more than 10% and I would say it is still quite safe.

On the other hand, in my opinion, it is not right if you put satisfaction in gambling results because the name of satisfaction will always be graded or means leveling up to be higher and it is dangerous for the gambler's financial condition. But yes, it cannot be denied that there will definitely be or even many gamblers who apply a sense of satisfaction to gambling results driven by greed, the fact is that all of this is beyond our control and it is their choice and only they will feel the bad impact. For those gamblers who are still doing well with their 1% budget allocation, I hope you will keep that approach consistent, and don't act recklessly just because you see someone else's fantastic winnings, it's just a temptation and a trap.

[passwordnow]

I don't follow any type of betting strategy but if this works for you and you are risking likely a free money from your household income, that works better. When you do this, if the income of the household is quite high then 1% is going to be high as well. But for those that have lesser income then this obviously is just a small amount of their entire income.

Needless to say, as long as the amount is bearable and won't be a source of quarrel between husband and wife then it's all good to just gamble with it, and if you can slash some more, much better. The discipline that we all have are varying from gambler to gambler so, if 1% is already enough then please don't go more than that because it is you that's going to have more problems on it and you have to deal with it later on.

If you follow this religiously and works for you perfectly. Keep the strategy and maintain it.

[Oilacris]

It happens if we have a good enough job and a guaranteed monthly income to do that but for those who are on the average line with a monthly income from the salary of the work done actually I think this is still lacking and it happens for myself.
In my country the average salary received is around $200-$300 per month which means that if we spend 1 percent of our monthly income indirectly it means that one month we only have to spend $2-$3 which is not really enough.
Although that is a good guideline so that we dont get too carried away in gambling but  i still do it my way where i do it with a slightly larger nominal where in a month i might be able to be in the range of $15-$20 which means that it is 10 percent of the income that i get. Although this is considered too much for some people but im comfortable with this and it also doesnt interfere with the quality of the economy that i have so i dont have a problem with the amount that i spend.

You cant really be able to play with those small amounts on which you would really be seeing to be for it to be non relevant. We do know that it isnt something that could really be that make
us contented considering that not all people do really be earning on the same level as other could have. If you are earning $200 in a month then 1% of that would really be just that $2.
Then talking about realistically then even sending out those funds would already cost you more that on the amount that you are risking on which means that there's no really sense on doing so.
As long you do really know on how to handle up yourself when it comes to capital or bankroll handling then you should really be just that fine.

[GigaBit]

1% isn't a lot and it looks to me like if you do allocate this for your gambling habit, you will probably end up having to end your games unsatisfied because I assume that that's not a lot of money and you will likely to end in a lose which leaves you frustrated too since the Gambler's fallacy within you is going to act up and then you will end up having to bend your promise of spending just 1% of your income to gambling which will snowball to 5% then to 10% until you go beyond the tolerable amount. For me, it's best if you don't do percentage when it comes to budgeting, set a real amount so your mind is tricked into not going overboard.

Nowadays everyone wants more profit as fast as possible which is why every gambler will try to bet relatively more. Betting 1 or 2 percent return will reduce their risk but they won't be satisfied. What can they do at this time with 2 percent risk? I think gamblers like to take risks now. They think that it is not possible to realize their dreams quickly without taking risks. But for those who care about responsible gambling, there must be a limitation. I also think that anyone can be safe from gambling if use 10 to 15 percent of their income. He is not likely to have much problem with this. But it will depend on one's income and financial situation.

[Westinhome]

I don't follow any type of betting strategy but if this works for you and you are risking likely a free money from your household income, that works better. When you do this, if the income of the household is quite high then 1% is going to be high as well. But for those that have lesser income then this obviously is just a small amount of their entire income.

Needless to say, as long as the amount is bearable and won't be a source of quarrel between husband and wife then it's all good to just gamble with it, and if you can slash some more, much better. The discipline that we all have are varying from gambler to gambler so, if 1% is already enough then please don't go more than that because it is you that's going to have more problems on it and you have to deal with it later on.

If you follow this religiously and works for you perfectly. Keep the strategy and maintain it.

The gambler should have the attitude of keeping their own strategy for the game betting,this 1% percentage of the income is also the gambling fund’s handling strategy.Instead of using the one percentage of income,the gambler may choose to have 10 percentage of income to the gambling.So the gambler can experienced the real gambling game,it may help him to learn how to play that specific game,even if the gambler had loss of money in the gambling site.The gambler should understand the difference between using the free money to the gambling site and to the money for the immediate money into the gambling.The gambler should not do use of mostly needed money into gambling.

[Marykeller]

Risking 1% in gambling is good but the income that comes with it when all your games are won might not be enough for those who want to make some profits from gambling.
My kind of risk in gambling is 3%. The reason for the 3% is that, Let it be that anytime I win, my win money, I will use it to get something good for myself

[passwordnow]

I don't follow any type of betting strategy but if this works for you and you are risking likely a free money from your household income, that works better. When you do this, if the income of the household is quite high then 1% is going to be high as well. But for those that have lesser income then this obviously is just a small amount of their entire income.

Needless to say, as long as the amount is bearable and won't be a source of quarrel between husband and wife then it's all good to just gamble with it, and if you can slash some more, much better. The discipline that we all have are varying from gambler to gambler so, if 1% is already enough then please don't go more than that because it is you that's going to have more problems on it and you have to deal with it later on.

If you follow this religiously and works for you perfectly. Keep the strategy and maintain it.

The gambler should have the attitude of keeping their own strategy for the game betting,this 1% percentage of the income is also the gambling fund’s handling strategy.Instead of using the one percentage of income,the gambler may choose to have 10 percentage of income to the gambling.So the gambler can experienced the real gambling game,it may help him to learn how to play that specific game,even if the gambler had loss of money in the gambling site.The gambler should understand the difference between using the free money to the gambling site and to the money for the immediate money into the gambling.The gambler should not do use of mostly needed money into gambling.

Increasing your budget in gambling doesn't mean that you're going to have more real gambling experience. 1% is more than enough for someone who's a family man. It's also not guaranteed that you're going to win more money with that much. Although the fact is, you can stay longer with that budget but as I've said, 1% is already a decent amount if the household income is quite high.

There's no need to learn any specific game with that much because as a test, you should always test the waters with small amounts only. And that's why I don't tip people to gamble with a lot of money that they can't afford to lose and always gonna say to do it only with money that they don't mind of losing it.

What you're saying is kind of conflicting about using needed money and increasing the budget to 10% just to experience real gambling. Anyway, if you are the type of gambler and you can gamble that much then just go ahead but make sure that you have no regrets after.