fullhdpixel
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December 14, 2023, 08:09:32 PM |
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1% is a good strategy although I don't use 1% but about 5% of my monthly income which is below $70k. Whatever amount of percentage a gambler chooses to make use of let it be that it's a percentage he is comfortable losing because everyone can't gamble same way as your urge for gambling longer time might be higher than mine so my percentage may not fit into that of yours but the button line should be that you are in a comfortable position in losing it. Just as OP had said, when we use that which can afford to losing to gamble we feel settled within and won't gbe battling with all the anxiety that do come with gambling risk.
I know that the percentage can be different for each gambler based on the urge they have or the risk appetite they carry, but I think 1% is still too low for anyone from any gambling category. Imagine someone is getting $1,000 as a monthly income, 1% of that would be $10 only, and I can't imagine how a person can spend only $10 for the whole month on their gambling activities if they are a regular gambler who gambles almost every single day or at least once in two days. So, just like you, I believe one should use at least 5% of their income so that they can at least enjoy the experience. I know it can be different for people with addictions or those who wish to earn money from gambling, but those who gamble for fun can have more fun if they spend a bit more on it.
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Silberman
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December 15, 2023, 05:00:43 AM |
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1% is a good strategy although I don't use 1% but about 5% of my monthly income which is below $70k. Whatever amount of percentage a gambler chooses to make use of let it be that it's a percentage he is comfortable losing because everyone can't gamble same way as your urge for gambling longer time might be higher than mine so my percentage may not fit into that of yours but the button line should be that you are in a comfortable position in losing it. Just as OP had said, when we use that which can afford to losing to gamble we feel settled within and won't gbe battling with all the anxiety that do come with gambling risk.
I know that the percentage can be different for each gambler based on the urge they have or the risk appetite they carry, but I think 1% is still too low for anyone from any gambling category. Imagine someone is getting $1,000 as a monthly income, 1% of that would be $10 only, and I can't imagine how a person can spend only $10 for the whole month on their gambling activities if they are a regular gambler who gambles almost every single day or at least once in two days. So, just like you, I believe one should use at least 5% of their income so that they can at least enjoy the experience. I know it can be different for people with addictions or those who wish to earn money from gambling, but those who gamble for fun can have more fun if they spend a bit more on it. Without a doubt using only 1% of your income to gamble may seem to be an amount of money that is too limited for those that may enjoy gambling with some regularity, however when taking into account the money you have to spend to keep your current lifestyle, the money you have to save in order to invest in assets that could grow up in value and the money you need to save to have an emergency fund, it is not as if there is too much money left you can use to gamble anyway.
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Kelvinid
Sr. Member
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win lambo...
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December 15, 2023, 07:56:52 AM |
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1% is a good strategy although I don't use 1% but about 5% of my monthly income which is below $70k. Whatever amount of percentage a gambler chooses to make use of let it be that it's a percentage he is comfortable losing because everyone can't gamble same way as your urge for gambling longer time might be higher than mine so my percentage may not fit into that of yours but the button line should be that you are in a comfortable position in losing it. Just as OP had said, when we use that which can afford to losing to gamble we feel settled within and won't gbe battling with all the anxiety that do come with gambling risk.
I know that the percentage can be different for each gambler based on the urge they have or the risk appetite they carry, but I think 1% is still too low for anyone from any gambling category. Imagine someone is getting $1,000 as a monthly income, 1% of that would be $10 only, and I can't imagine how a person can spend only $10 for the whole month on their gambling activities if they are a regular gambler who gambles almost every single day or at least once in two days. So, just like you, I believe one should use at least 5% of their income so that they can at least enjoy the experience. I know it can be different for people with addictions or those who wish to earn money from gambling, but those who gamble for fun can have more fun if they spend a bit more on it. Without a doubt using only 1% of your income to gamble may seem to be an amount of money that is too limited for those that may enjoy gambling with some regularity, however when taking into account the money you have to spend to keep your current lifestyle, the money you have to save in order to invest in assets that could grow up in value and the money you need to save to have an emergency fund, it is not as if there is too much money left you can use to gamble anyway. 1% is already a huge amount for rich gamblers but I can't imagine the amount for the poor and average people. I have no objection to following such an idea but the problem is if it is easy to make it a habit especially if we are already heavy gamblers. We can set our limitations where we know it won't compromise our finances. Spending 1%, 5% or $1000 is our choice, we can still escape from addiction if can manage our gambling habits.
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DabsPoorVersion
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December 15, 2023, 09:48:27 AM |
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snip
I know that the percentage can be different for each gambler based on the urge they have or the risk appetite they carry, but I think 1% is still too low for anyone from any gambling category. Imagine someone is getting $1,000 as a monthly income, 1% of that would be $10 only, and I can't imagine how a person can spend only $10 for the whole month on their gambling activities if they are a regular gambler who gambles almost every single day or at least once in two days. So, just like you, I believe one should use at least 5% of their income so that they can at least enjoy the experience. I know it can be different for people with addictions or those who wish to earn money from gambling, but those who gamble for fun can have more fun if they spend a bit more on it. Without a doubt using only 1% of your income to gamble may seem to be an amount of money that is too limited for those that may enjoy gambling with some regularity, however when taking into account the money you have to spend to keep your current lifestyle, the money you have to save in order to invest in assets that could grow up in value and the money you need to save to have an emergency fund, it is not as if there is too much money left you can use to gamble anyway. 1% is already a huge amount for rich gamblers but I can't imagine the amount for the poor and average people. I have no objection to following such an idea but the problem is if it is easy to make it a habit especially if we are already heavy gamblers. We can set our limitations where we know it won't compromise our finances. Spending 1%, 5% or $1000 is our choice, we can still escape from addiction if can manage our gambling habits. There should be no worries or imagine how the poor people can do this, because even the poor or an average person is capable of following this strategy or simply set an individual limit which is not that high amount to avoid losing a lot of money than expected. Aside from that, this strategy doesn't need to be followed by everyone, it's just another option. As long as an individual gambler can control his spending in gambling, whatever the strategy is the better.
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Sanitough
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December 15, 2023, 11:23:02 AM |
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There should be no worries or imagine how the poor people can do this, because even the poor or an average person is capable of following this strategy or simply set an individual limit which is not that high amount to avoid losing a lot of money than expected. Aside from that, this strategy doesn't need to be followed by everyone, it's just another option. As long as an individual gambler can control his spending in gambling, whatever the strategy is the better.
This strategy is more to be safe in gambling. As what everyone sees, gambling is a high risk type of entertainment, because there's a possbility that we lose control and we would spend more than we can afford to lose. This "do not spend what we can afford to lose" principle doesn't state how many percentage we should only risk, however, if that's 1% of your income, that's very safe, the only risk here is we won't be able to consistently follow it.
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Pierre 2
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December 15, 2023, 11:36:45 AM |
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I think that's good starting point to control your gambling habits. Best gamblers grow from people with great willpower. This wouldn't make you the best gambler in life because obviously you lower your risks far greater than average. But in return your gambling experience will be much better because you will never be worried about amount of money you are losing.. Clear mind always helps when you are gambling. And your bank account won't be that hurt.
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LUCKMCFLY
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December 16, 2023, 11:19:52 PM |
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When I see the 1% for games of chance it is something that makes me think, why? because many of us who are in this game and at the same time in trading feel that it is easier for us to put money in trading than in the game itself, but it is also good to say that When we are in the Game then An Option if we want to have that 1% looking for profits , when it is that way it is 1% that will go away in a moment, I Preferred to talk about less than 1% for the game if a person wants to have fun, but If you want to win, that depends on what you can do, for example in my case I always have, because I'm not going to play with little money, 10usd per session, let's say, it's not like I play all day, but I have that, and well, with That's fine, I feel like I do things better this way, because I have control within myself that if I spend them, then nothing, there is nothing to do, I have no regrets left.
In the event that I can make any other amount, maybe it will be less, but I have always arranged that, now when it comes to the slots, well as I said, I only use them to be able to have fun and forget about everything a little, It's like that moment when you go to the football stadium and you forget everything and that Moment you live with your team, it's something that can be given for good, of Benefit to me, if I win, then I take advantage of it, I leave it there If I lose it doesn't matter , Because it's my money that I had to spend on the slots, for that reason it is that whenever we are in a casino we must mature that commitment, knowing that for anything we have to give what we want, but there are people who They take slots very seriously, and for a slot machine it is money that has to be invested and a lot of it, that is something that we have to consider , there is no other Option , it is what Should be done, at least I think of it that way.
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Oilacris
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December 16, 2023, 11:43:54 PM |
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I think that's good starting point to control your gambling habits. Best gamblers grow from people with great willpower. This wouldn't make you the best gambler in life because obviously you lower your risks far greater than average. But in return your gambling experience will be much better because you will never be worried about amount of money you are losing.. Clear mind always helps when you are gambling. And your bank account won't be that hurt.
You should really be doing this from the start on which you should really be that responsible for whatever things that you are dealing with. You cant really just that make yourself that having that all in thing when it comes to gambling on which we know that spending up the money on which you cant really afford to lose or simply talking about life savings would really be a huge problem or disaster. Starting up with 1% would really be avoiding you on getting wrecked in the end because it is really just that a small and it cant really be able to for it to destroy you when it comes to your finances. This is a must thing to consider because you cant really just that make yourself that too confident on spending huge with gambling knowing the odds would be always against you.
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Westinhome
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December 16, 2023, 11:59:02 PM |
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You should really be doing this from the start on which you should really be that responsible for whatever things that you are dealing with. You cant really just that make yourself that having that all in thing when it comes to gambling on which we know that spending up the money on which you cant really afford to lose or simply talking about life savings would really be a huge problem or disaster. Starting up with 1% would really be avoiding you on getting wrecked in the end because it is really just that a small and it cant really be able to for it to destroy you when it comes to your finances. This is a must thing to consider because you cant really just that make yourself that too confident on spending huge with gambling knowing the odds would be always against you.
The gambler who was ready to take risk in the gambling alone may have a chance of winning the money.But the gamblers who had a potential to make huge deposits was the huge winner most of the time.The gamblers who had free money can use to do the gambling,gambling with the hospital expenses or school fee is not the better option.Many gamblers using the important money and get hate towards the gambling.Instead the gamblers can play with the free money and if they loss means it won’t affect the gamblers at any point.If they win means,it will be additional free money for the gamblers to keep for their expenses.
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klidex
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December 17, 2023, 01:12:12 AM |
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I think that's good starting point to control your gambling habits. Best gamblers grow from people with great willpower. This wouldn't make you the best gambler in life because obviously you lower your risks far greater than average. But in return your gambling experience will be much better because you will never be worried about amount of money you are losing.. Clear mind always helps when you are gambling. And your bank account won't be that hurt.
You should really be doing this from the start on which you should really be that responsible for whatever things that you are dealing with. You cant really just that make yourself that having that all in thing when it comes to gambling on which we know that spending up the money on which you cant really afford to lose or simply talking about life savings would really be a huge problem or disaster. Starting up with 1% would really be avoiding you on getting wrecked in the end because it is really just that a small and it cant really be able to for it to destroy you when it comes to your finances. This is a must thing to consider because you cant really just that make yourself that too confident on spending huge with gambling knowing the odds would be always against you. A gamblers who dares to take risk will definitely use more than 1% of the money they use for gambling, maybe around 5%, they can use thats money to make extra money, but they remain consistent with that 5% if they don't make anything and have already spent it they will stoped, everyone definitely has differented financial arrangement depending on how they manage it in such a way as long as they can afford to lose that money, the most important thing is that we can accept losing or winning and not be greedy, for people who use 1% it's not a problem, that's a step This is a good thing to do for gamblers who thinks they cannot afford to lose a lot. But it seem that not many gamblers really only use 1% if their goals is to make a profits because 1% is small money and will be used up for bet in a short times but that okay as long as the 1% money does not affect your mind because usually gambler always thinking about his losses. However, if there are gambler who can make money with thats 1% of money, then these gambler really use small money to make extra money. I have heard of gamblers who can winning bets with small money, whereas gambler who bet with big money definitely experience losses because they cannot use it in contrast to someone who has good financial management such as using money with no more than 1%
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terciduk123
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December 17, 2023, 03:17:34 AM |
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Sometimes I use 5%-10% of my income to gamble hoping to get a profit 2-3x, then pull out the capital and use the rest for gambling again, if lucky can get more if not, then I don't lose my money and I'm having fun.
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bitvalak
Sr. Member
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December 17, 2023, 06:43:01 AM |
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Guideline 1: Gamble no more than 1% of household income Don’t bet more than 1% of your household income before tax per month. For example, someone with a household income of $70,000 before tax should gamble no more than $58 per month. Recently I decided to risk only 1 percent of my gambling portfolio into each bet. This makes my bet risk free as I know that even if I lose the bet i will lose only 1% of my gambling money. Do you guys also follow a similar strategy like gambling with 1% or 2% on each game? This way not only we are safe from losing big amounts but at the same time, we never find ourselves in a situation where we go all in, in some bet and then have the fear of losing all of our money. You must have heard 1% strategy in trading, the same can be applied in gambling too and believe me, you will feel a lot more comfortable using this 1% of your money in every game. This also gives you a lot of games to play before you end up on your money as on every bet you will use 1% of your money. In case you lose all bets, you will be playing 100 games because your money is exhausted. The Lower-Risk Gambling Guidelinesrisk 1-2% depending on the amount of capital. Because every game has a minimum bet. This risk calculation only applies to players who have large capital. But I agree with the amount of risk, because you can be calmer when playing and don't lose big money in an instant. Unfortunately this advice doesn't work for everyone. You have to be smart in finding a gambling site that has a small minimum bet, so you can play with small bets.
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Viscore
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December 17, 2023, 08:18:22 AM |
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Unfortunately this advice doesn't work for everyone.
Actually most of the gamblers because most gamblers aren't making a lot of money, the reason why they are gambling to make more money which is a wrong perception. If you are a millionaire, then most probably 1% for gambling woudl work for you, but the question is, do millionaires really a fan of gambling? I mean, they are financially stable, they succeeded because they know how to manage their funds, so most likely they'll just see gambling (if in case they'll gamble) as a means to relieve some stress in real life venture. You have to be smart in finding a gambling site that has a small minimum bet, so you can play with small bets.
The lowest amount it's allowed for a gambling site that I'm using is $1. IMO, the amount is very affordable, so even if you aren't making good paycheck from your job, you can still have fun with gambling, but, remember to be always cautious at that $1 could be boring in the long run.
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Rufsilf
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December 17, 2023, 08:58:45 AM |
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Unfortunately this advice doesn't work for everyone.
Actually most of the gamblers because most gamblers aren't making a lot of money, the reason why they are gambling to make more money which is a wrong perception. If you are a millionaire, then most probably 1% for gambling woudl work for you, but the question is, do millionaires really a fan of gambling? I mean, they are financially stable, they succeeded because they know how to manage their funds, so most likely they'll just see gambling (if in case they'll gamble) as a means to relieve some stress in real life venture. You have to be smart in finding a gambling site that has a small minimum bet, so you can play with small bets.
The lowest amount it's allowed for a gambling site that I'm using is $1. IMO, the amount is very affordable, so even if you aren't making good paycheck from your job, you can still have fun with gambling, but, remember to be always cautious at that $1 could be boring in the long run. Yeah of course millionaires can surely afford 1% of their funds for gambling or maybe even more. As they say, it really depends on how much you can spend on gambling and the limit you have on your bankroll. I Agree that it's common for rich people to use gambling to relieve their stress in life and as well as part of their entertainment activities. But if you only risk 1% in gambling, you won't be too sad if you even lose the game. And it might be boring for a while because of course you feel that it's not much of a thrill and it doesn't have much of a profit. Maybe risking 1% on gambling can work for newbies, or for people who are afraid to bet big money. Gambling has a lot of risk and if you are dedicated enough then keep doing what you are doing and be a responsible gambler as well.
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slapper
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December 17, 2023, 04:47:10 PM |
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I think that's good starting point to control your gambling habits. Best gamblers grow from people with great willpower. This wouldn't make you the best gambler in life because obviously you lower your risks far greater than average. But in return your gambling experience will be much better because you will never be worried about amount of money you are losing.. Clear mind always helps when you are gambling. And your bank account won't be that hurt.
You should really be doing this from the start on which you should really be that responsible for whatever things that you are dealing with. You cant really just that make yourself that having that all in thing when it comes to gambling on which we know that spending up the money on which you cant really afford to lose or simply talking about life savings would really be a huge problem or disaster. Starting up with 1% would really be avoiding you on getting wrecked in the end because it is really just that a small and it cant really be able to for it to destroy you when it comes to your finances. This is a must thing to consider because you cant really just that make yourself that too confident on spending huge with gambling knowing the odds would be always against you. A gamblers who dares to take risk will definitely use more than 1% of the money they use for gambling, maybe around 5%, they can use thats money to make extra money, but they remain consistent with that 5% if they don't make anything and have already spent it they will stoped, everyone definitely has differented financial arrangement depending on how they manage it in such a way as long as they can afford to lose that money, the most important thing is that we can accept losing or winning and not be greedy, for people who use 1% it's not a problem, that's a step This is a good thing to do for gamblers who thinks they cannot afford to lose a lot. But it seem that not many gamblers really only use 1% if their goals is to make a profits because 1% is small money and will be used up for bet in a short times but that okay as long as the 1% money does not affect your mind because usually gambler always thinking about his losses. However, if there are gambler who can make money with thats 1% of money, then these gambler really use small money to make extra money. I have heard of gamblers who can winning bets with small money, whereas gambler who bet with big money definitely experience losses because they cannot use it in contrast to someone who has good financial management such as using money with no more than 1% A gambler utilizing 1% for safety? With their 1% method, these gamblers don't take little wins. They give their all with that 5% or more. Gambling is all about the excitement and huge win! Not for faint-hearted or penny-pinchers. It’s for those who dare, who dream big. Gamblers hunt the feast, not the leftovers. Consider losing with dignity. Yes, it's necessary, but who goes to the casino to brag about losing gracefully? Gambling is for the excitement of overcoming the odds. Your statement of small-bet gamblers making money is rare. Risk and daring are gambling's core. You must commit without hesitation. Let's promote daring, unafraid gambling that seeks the next big thrill. Gambling is about the legend, and nobody writes legends with careful bets.
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swogerino
Legendary
Offline
Activity: 3262
Merit: 1244
Play Poker on Telegram
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December 17, 2023, 05:26:02 PM |
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I think that's good starting point to control your gambling habits. Best gamblers grow from people with great willpower. This wouldn't make you the best gambler in life because obviously you lower your risks far greater than average. But in return your gambling experience will be much better because you will never be worried about amount of money you are losing.. Clear mind always helps when you are gambling. And your bank account won't be that hurt.
You should really be doing this from the start on which you should really be that responsible for whatever things that you are dealing with. You cant really just that make yourself that having that all in thing when it comes to gambling on which we know that spending up the money on which you cant really afford to lose or simply talking about life savings would really be a huge problem or disaster. Starting up with 1% would really be avoiding you on getting wrecked in the end because it is really just that a small and it cant really be able to for it to destroy you when it comes to your finances. This is a must thing to consider because you cant really just that make yourself that too confident on spending huge with gambling knowing the odds would be always against you. A gamblers who dares to take risk will definitely use more than 1% of the money they use for gambling, maybe around 5%, they can use thats money to make extra money, but they remain consistent with that 5% if they don't make anything and have already spent it they will stoped, everyone definitely has differented financial arrangement depending on how they manage it in such a way as long as they can afford to lose that money, the most important thing is that we can accept losing or winning and not be greedy, for people who use 1% it's not a problem, that's a step This is a good thing to do for gamblers who thinks they cannot afford to lose a lot. But it seem that not many gamblers really only use 1% if their goals is to make a profits because 1% is small money and will be used up for bet in a short times but that okay as long as the 1% money does not affect your mind because usually gambler always thinking about his losses. However, if there are gambler who can make money with thats 1% of money, then these gambler really use small money to make extra money. I have heard of gamblers who can winning bets with small money, whereas gambler who bet with big money definitely experience losses because they cannot use it in contrast to someone who has good financial management such as using money with no more than 1% A gambler utilizing 1% for safety? With their 1% method, these gamblers don't take little wins. They give their all with that 5% or more. Gambling is all about the excitement and huge win! Not for faint-hearted or penny-pinchers. It’s for those who dare, who dream big. Gamblers hunt the feast, not the leftovers. Consider losing with dignity. Yes, it's necessary, but who goes to the casino to brag about losing gracefully? Gambling is for the excitement of overcoming the odds. Your statement of small-bet gamblers making money is rare. Risk and daring are gambling's core. You must commit without hesitation. Let's promote daring, unafraid gambling that seeks the next big thrill. Gambling is about the legend, and nobody writes legends with careful bets. That is talking the same as to ask people to play for entertainment purposes only and that means paying for that entertainment with that 1% the people are risking.I think that is the right thing to do though as people going to gambling to win big with 1% most likely will never hit anything substantial unless their 1% is a huge amount.So in order to be successful and not risk it I think it is the best to think of gambling as entertainment only,sure there is a small percentage who make it to winning big but most of the people lose money over the long term. One thing is for sure that people that are not of a faint heart are the ones who usually are bold enough to win it big and as that saying says fortune favors the bold.
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Silberman
Legendary
Offline
Activity: 2618
Merit: 1360
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December 19, 2023, 07:19:14 AM |
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I think that's good starting point to control your gambling habits. Best gamblers grow from people with great willpower. This wouldn't make you the best gambler in life because obviously you lower your risks far greater than average. But in return your gambling experience will be much better because you will never be worried about amount of money you are losing.. Clear mind always helps when you are gambling. And your bank account won't be that hurt.
You should really be doing this from the start on which you should really be that responsible for whatever things that you are dealing with. You cant really just that make yourself that having that all in thing when it comes to gambling on which we know that spending up the money on which you cant really afford to lose or simply talking about life savings would really be a huge problem or disaster. Starting up with 1% would really be avoiding you on getting wrecked in the end because it is really just that a small and it cant really be able to for it to destroy you when it comes to your finances. This is a must thing to consider because you cant really just that make yourself that too confident on spending huge with gambling knowing the odds would be always against you. Only betting 1% from the very beginning is important, because someone that starts making higher bets than that may be unable to reduce the amount of money they gamble as they cannot get the same excitement by betting such a low amount anymore, so even if they try to follow that advice they may be unable to keep doing so for long, and this can be very costly as even if betting 5% to 10% of your income may not seem like much, when you add all of that money you have spent for years and then you think about the money you could have obtained if you invested in bitcoin, the amount that you will get out of this calculation will surely surprise you.
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RockBell
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 19, 2023, 08:19:19 AM |
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I think that's good starting point to control your gambling habits. Best gamblers grow from people with great willpower. This wouldn't make you the best gambler in life because obviously you lower your risks far greater than average. But in return your gambling experience will be much better because you will never be worried about amount of money you are losing.. Clear mind always helps when you are gambling. And your bank account won't be that hurt.
The most beneficial thing that can happen to any individual is for them to be able to control their gambling habits and they will succeed and flourish well in gambling because a lot of people up until now still don't understand gambling you must understand the entire process than control your willpower, not every game you see you play. A gambler is expected to have a very good strategy to play, and you will see a lot of people killing themselves just because they lost a bet, and it is not worth it at all, and you know one thing about people, they will always look for people to blame, forgetting that it is their own fault because they used their hand, forgetting that they were not forced to do so. Some people learn easily and retrace their part while some will still continue recklessly that is life.
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wakier
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December 19, 2023, 08:50:35 AM |
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There should be no worries or imagine how the poor people can do this, because even the poor or an average person is capable of following this strategy or simply set an individual limit which is not that high amount to avoid losing a lot of money than expected. Aside from that, this strategy doesn't need to be followed by everyone, it's just another option. As long as an individual gambler can control his spending in gambling, whatever the strategy is the better.
This strategy is more to be safe in gambling. As what everyone sees, gambling is a high risk type of entertainment, because there's a possbility that we lose control and we would spend more than we can afford to lose. This "do not spend what we can afford to lose" principle doesn't state how many percentage we should only risk, however, if that's 1% of your income, that's very safe, the only risk here is we won't be able to consistently follow it. It's true that gambling with 1% won't be too risky because 1% is just a small amount that we bet. For example, poor people earn a monthly income of no more than $50, which means they can use 1% to gamble, just think of it as having fun because in my opinion, spending 1% isn't that much. big if the $50 income only uses $0.5 and that amount is a small amount for them, allocating 1% is certainly a good strategy for gamblers rather than spending more than 5%.
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Hirose UK
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 19, 2023, 08:58:29 AM |
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~snip~
You should really be doing this from the start on which you should really be that responsible for whatever things that you are dealing with. You cant really just that make yourself that having that all in thing when it comes to gambling on which we know that spending up the money on which you cant really afford to lose or simply talking about life savings would really be a huge problem or disaster. Starting up with 1% would really be avoiding you on getting wrecked in the end because it is really just that a small and it cant really be able to for it to destroy you when it comes to your finances. This is a must thing to consider because you cant really just that make yourself that too confident on spending huge with gambling knowing the odds would be always against you. Only betting 1% from the very beginning is important, because someone that starts making higher bets than that may be unable to reduce the amount of money they gamble as they cannot get the same excitement by betting such a low amount anymore, so even if they try to follow that advice they may be unable to keep doing so for long, and this can be very costly as even if betting 5% to 10% of your income may not seem like much, when you add all of that money you have spent for years and then you think about the money you could have obtained if you invested in bitcoin, the amount that you will get out of this calculation will surely surprise you. After thinking about it logically, setting the lowest nominal betting amount will be very useful in building financial stability and can also prevent gamblers from experiencing large losses. But every gambler has their own limits, in fact we will never find the same amount even though they are the same in the percentage of 1% to 10%, but the amount if calculated by value will be different. This is why within certain percentage limit, not everyone can accept it because they will only bet the amount they feel they can afford to use in gambling which is always full of losses. I asked several gamblers, they had different answers. It is difficult to calculate the limit percentage for each gambler and I would appreciate those who have limits according to ability. Of course we will find surprising amounts calculated because Bitcoin in the long term has an increasingly higher value and if the amount we use to invest in Bitcoin then we can find a much greater value. But this is gambling and it here to have fun so matching spending on gambling with spending on investing in Bitcoin is incomparable.
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