Risking 1% in Gambling

[doomloop]

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.

There is nothing wrong with unafraid gambling as long as a person can afford to do that. It all boils down to affordability at the end of the day. A person with a total budget of $100 for a week cannot practice unafraid gambling or become a daring gambler because that will need him to spend more money than his caliber and if he becomes excited and does that, he will get nothing but will have to face defeat and exit the casino way before the time they could normally spend with that money.

So, we can promote daring and unafraid gambling, but we need to make sure that we are not misguiding people with low budgets because they might become daring and everything but it won't be of any use for them since they don't have a budget that they can use to generate that much excitement.

[Weawant]

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

This strategy is a really good one and I think is a perfect money management strategy for gambling because if you win you gain more but if you loose your lose only a little because 1% is definitely a little fraction which will be such that can let go in cases of loss. This makes this strategy more efficient and effective for  money management and keeps you longer gambling.

I follow a similar strategy but mine isn't in percentage, rather in ratio. Firstly I make sure to have a budget for my gambling activity for the week or month as the case  maybe so basically I try to stick to that budget and place my bets according such that if I spread my capital across three stakes, loosing two and winning one still keeps me in profit but wining two and loosing one keeps me in bigger profit, I only run loss when I loose all my stakes but then the capital for that day will be exhausted because it's been budgeted how much I will want to spend daily in the week gambling.

[bitgolden]

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.

Stopping gambling would of course be ideal for many people, and should do that if they could. However, I agree that if they can't, then controlling it is a lot better and should be the important key factor there. I think it is not that easy to handle it all, and we should consider something like this as the most important part of it. It's quite tough to not have anything that would change it all together and could end up gambling very well without having any issues at all.

We need to just keep on working towards making it a better place for us, and if we could have that nice little control on how much we spend on gambling, we could end up with a greater return without a doubt. I know that it is going to be something that will take some time, but it is not going to be impossible neither. Life moves on and if we could get better at it then we will not be facing any issues neither, we just need to get better at what we do and we will definitely be getting some improvements.

[Silberman]

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%.

The good thing about such advice is that it applies to anyone regardless of the money they earn, so it does not matter if you earn much more money than that, if you only spend 1% of your income in gambling then you will keep the rest of your capital intact, which you can later use to invest or to trade, two activities that can be incredibly profitable if you know what you are doing, something that I will admit that is hard to do but that given enough time and effort you could learn to do correctly.

[Westinhome]

The good thing about such advice is that it applies to anyone regardless of the money they earn, so it does not matter if you earn much more money than that, if you only spend 1% of your income in gambling then you will keep the rest of your capital intact, which you can later use to invest or to trade, two activities that can be incredibly profitable if you know what you are doing, something that I will admit that is hard to do but that given enough time and effort you could learn to do correctly.

This was good strategy for the people with more income,if the gamblers salary is 100$.So he start the gambling business with 1$,he doesn’t get any good winning using the one dollars.Because he can make one bet with that one dollars,if he win he able to go for the next bet.Incase he loss the bet money,he need to wait for the next month betting money.I had another plan for the low income gamblers,they should take 10 dollars from his salary for ten months.At the end he had 100$ as the initial,this will be the better option than using 1$ for every month.If you earn 400 dollars per month,the 40 dollars can be saved from every month to start the gambling game.

[klidex]

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

This strategy is a really good one and I think is a perfect money management strategy for gambling because if you win you gain more but if you loose your lose only a little because 1% is definitely a little fraction which will be such that can let go in cases of loss. This makes this strategy more efficient and effective for  money management and keeps you longer gambling.

I follow a similar strategy but mine isn't in percentage, rather in ratio. Firstly I make sure to have a budget for my gambling activity for the week or month as the case  maybe so basically I try to stick to that budget and place my bets according such that if I spread my capital across three stakes, loosing two and winning one still keeps me in profit but wining two and loosing one keeps me in bigger profit, I only run loss when I loose all my stakes but then the capital for that day will be exhausted because it's been budgeted how much I will want to spend daily in the week gambling.

Yes, this strategy can be said to be safe if a gambler doesn't spend a lot of money gambling and can allocate most of the money to his personal pocket so that if he loses a small portion of the money it won't be a big problem, especially if you have 100% funds and use 1 % for gambling and making a profits, maybe that could be in your favor, but if you gamble more, you actually experience bigger losses and losses. So it's better to use as little money as possible to gamble so that it doesn't become a burden.

Your strategy in betting is also something thats should be an example, so we don't just rely on luck, but rely on several bets to anticipate that if one loses, the other bets can make a profit and with this, we don't experience continuous losses, which is different. If someone makes a bet only relying on luck, there is a greater risk of losing..

[adultcrypto]

The amount to risk in gambling should depend on many factors such as the capital of the gambler and his targets. Funding a capital of $10 and risking 1% is like wasting of time. Such risk management will make sense with larger capital.

Furthermore, what you target to win will influence how much you are willing to risk for it. There is no way a target win of $1,000,000 will make sense using $0.1 stake. This seem more like a joke. So, the target is always a factor.

Unfortunately many people do not set targets which makes setting risk management difficult.

[ethereumhunter]

The amount to risk in gambling should depend on many factors such as the capital of the gambler and his targets. Funding a capital of $10 and risking 1% is like wasting of time. Such risk management will make sense with larger capital.

Furthermore, what you target to win will influence how much you are willing to risk for it. There is no way a target win of $1,000,000 will make sense using $0.1 stake. This seem more like a joke. So, the target is always a factor.

Unfortunately many people do not set targets which makes setting risk management difficult.

If someone targets to win, he certainly needs more than $10 because we know that in gambling, there will be losses, and these losses can be bigger if we are careful. But we know one can get big wins with small betting amounts if lucky. Unfortunately, not many can get that luck, and only a few people can really get lucky and get a lot of money. And whatever amount of capital we have for gambling must be accompanied by risk management to control the losses. If we are used to controlling the losses, we can enjoy gambling as we should.

And it's best when playing gambling. We don't need a target to achieve victory before we stop gambling because it will be difficult to achieve it. If we play luck-based gambling, it will be even more difficult because we rely on luck, and luck will not always be with us. We should enjoy gambling as entertainment so that we don't feel like targets are chasing us.

[Suzume]

Without taking risk no one can't be successful in life. In gambling you can't in as a gambler if you don't have power to tolerate losses. Because as new gambler you have no experience and you don't have lot capital. In that case you have to take high risk because if you lose it's critical to add extra money from you poket. That's the reason as a new gambler don't want to take risk they played safely and they risk small the lowest amount they can play.

[klidex]

The amount to risk in gambling should depend on many factors such as the capital of the gambler and his targets. Funding a capital of $10 and risking 1% is like wasting of time. Such risk management will make sense with larger capital.

Furthermore, what you target to win will influence how much you are willing to risk for it. There is no way a target win of $1,000,000 will make sense using $0.1 stake. This seem more like a joke. So, the target is always a factor.

Unfortunately many people do not set targets which makes setting risk management difficult.

If someone targets to win, he certainly needs more than $10 because we know that in gambling, there will be losses, and these losses can be bigger if we are careful. But we know one can get big wins with small betting amounts if lucky. Unfortunately, not many can get that luck, and only a few people can really get lucky and get a lot of money. And whatever amount of capital we have for gambling must be accompanied by risk management to control the losses. If we are used to controlling the losses, we can enjoy gambling as we should.

And it's best when playing gambling. We don't need a target to achieve victory before we stop gambling because it will be difficult to achieve it. If we play luck-based gambling, it will be even more difficult because we rely on luck, and luck will not always be with us. We should enjoy gambling as entertainment so that we don't feel like targets are chasing us.

Maybe for people who set 1% to gamble in order to get a big win it seems very impossible because if we need a big profit it means we have to be willing to bet a large amount but remember gambling is a game full of risk. In my opinion using 1% is not so bad for people who don't want to lose more money because they think that if they gamble more than that it won't produce the expected results so it's better to use as little as possible so they don't experience big losses.

I agree with you that gambling cannot have a winning target set because gambling is a game where it is not certain to win or lose so we have to be able to enjoy it without having to set a target, of course as a gambler we certainly hope to win but that doesn't mean we have to set a target because the dealer cannot be determined set by the user even though the user has spent a lot of money.

[Dump3er]

Without taking risk no one can't be successful in life. In gambling you can't in as a gambler if you don't have power to tolerate losses. Because as new gambler you have no experience and you don't have lot capital. In that case you have to take high risk because if you lose it's critical to add extra money from you poket. That's the reason as a new gambler don't want to take risk they played safely and they risk small the lowest amount they can play.

I wouldn't put gambling into the same category as entrepreneurship. If someone has a great idea and asks me what to do with the 20k he has in the bank, I would not advise him to go into a casino and roll the dice, but instead take the risk and try to make the business idea a success. Really, this saying that if you don't take risks you can't win anything does is definitely not primarily associated with gambling!

If you take the risk as an entrepreneur, you can at least learn something when you fail. If you take risks in gambling, you may go home with empty hands.

[AicecreaME]

Without taking risk no one can't be successful in life. In gambling you can't in as a gambler if you don't have power to tolerate losses. Because as new gambler you have no experience and you don't have lot capital. In that case you have to take high risk because if you lose it's critical to add extra money from you poket. That's the reason as a new gambler don't want to take risk they played safely and they risk small the lowest amount they can play.

Valid point.

If you won't stake some, you won't win some. You can't really know the results unless you try it yourself. But of course, do it properly. Gambling recklessly and responsibly are two different ways. One way could get you in a lot of troubles and challenges, while the other could provide you entertainment and possible profit on the side. Gambling isn't gambling if there isn't asset involved so you must know how to manage risk, assess risk, and strategize to have a positive outcome. Learn when to take profit and when to cut losses to prevent further damage to your financial capability and to your mental health as well.

[Hypnosis00]

Without taking risk no one can't be successful in life. In gambling you can't in as a gambler if you don't have power to tolerate losses. Because as new gambler you have no experience and you don't have lot capital. In that case you have to take high risk because if you lose it's critical to add extra money from you poket. That's the reason as a new gambler don't want to take risk they played safely and they risk small the lowest amount they can play.

Valid point.

If you won't stake some, you won't win some. You can't really know the results unless you try it yourself. But of course, do it properly. Gambling recklessly and responsibly are two different ways. One way could get you in a lot of troubles and challenges, while the other could provide you entertainment and possible profit on the side. Gambling isn't gambling if there isn't asset involved so you must know how to manage risk, assess risk, and strategize to have a positive outcome. Learn when to take profit and when to cut losses to prevent further damage to your financial capability and to your mental health as well.

While knowing that Gambling is risky and needs luck to win, too uncertain about making passive income no matter what we do. At least spending 1% of our earned money, it is not really hurt to accept if ever we lose. That idea simply helps us understand how important to have limitations. Having been into gambling for many years, overspending usually happens but I practice valuing my hard-earned money so instead of spending $100 a month, I cut it into halves. Since that time I can manage my finances well. Yes, wasn't that easy at first but I tried and got results with the help of spending less time gambling.

[Rabata]

Without taking risk no one can't be successful in life. In gambling you can't in as a gambler if you don't have power to tolerate losses. Because as new gambler you have no experience and you don't have lot capital. In that case you have to take high risk because if you lose it's critical to add extra money from you poket. That's the reason as a new gambler don't want to take risk they played safely and they risk small the lowest amount they can play.

If you take the risk as an entrepreneur, you can at least learn something when you fail. If you take risks in gambling, you may go home with empty hands.

The most common thing in gambling is to lose. If someone is encouraged to gamble after knowing about the risks, then I think he is fit to gamble. There are wins and losses in gambling as those who are lucky will gain a lot from here as well as lose if luck doesn't favor them.

Gambling can be good for those who can take risks and control themselves even after big losses. If there is no desire to lose then one should not take part in gambling. A gambler should always keep in mind the amount of money he puts into gambling that there is no chance of getting that money back. From such thoughts one should gamble. However, there are many gamblers who dream of various kinds of winnings before win in gambling and then they are disappointed.

[stadus]

Gambling can be good for those who can take risks and control themselves even after big losses.

It's a very good attitude of a gambler. However, there are still few gamblers who tend to try their luck and becomes more aggressive in gambling, and by becoming more aggressive that means they are gambling big money that they aren't sure they can afford already. As they might think that there are more excitement with bigger bets but failed to see the possible consequences of their actions.

If there is no desire to lose then one should not take part in gambling. A gambler should always keep in mind the amount of money he puts into gambling that there is no chance of getting that money back. From such thoughts one should gamble. However, there are many gamblers who dream of various kinds of winnings before win in gambling and then they are disappointed.

No, our desire should only to win, however, we need to be realistic that in gamblng there are two outcomes only and that is either we win or we lose. Although losing is not what we want to achieve, but we have to accept as it's part of gambling.

[Mr. Magkaisa]

Without taking risk no one can't be successful in life. In gambling you can't in as a gambler if you don't have power to tolerate losses. Because as new gambler you have no experience and you don't have lot capital. In that case you have to take high risk because if you lose it's critical to add extra money from you poket. That's the reason as a new gambler don't want to take risk they played safely and they risk small the lowest amount they can play.

If you take the risk as an entrepreneur, you can at least learn something when you fail. If you take risks in gambling, you may go home with empty hands.

The most common thing in gambling is to lose. If someone is encouraged to gamble after knowing about the risks, then I think he is fit to gamble. There are wins and losses in gambling as those who are lucky will gain a lot from here as well as lose if luck doesn't favor them.

Gambling can be good for those who can take risks and control themselves even after big losses. If there is no desire to lose then one should not take part in gambling. A gambler should always keep in mind the amount of money he puts into gambling that there is no chance of getting that money back. From such thoughts one should gamble. However, there are many gamblers who dream of various kinds of winnings before win in gambling and then they are disappointed.

   -    Back then and until now, most gamblers often lose, whether it's online or land-based casinos. Of course, it's just common sense that if most gamblers win at the casino, it's not certain that a casino will last long in an industry like this.

But in spite of everything that is happening in the ecosystem of the gambling industry, there are still many gamblers who play even though they know that they often lose because they still hope that they will get lucky eventually; that's how they motivate themselves.

[mirakal]

But in spite of everything that is happening in the ecosystem of the gambling industry, there are still many gamblers who play even though they know that they often lose because they still hope that they will get lucky eventually; that's how they motivate themselves.

They? That's us, right? unless you aren't a gambler. Personally, I do enjoy gambling if only I win, and if I lose, I would consider it as a challenge and that makes more interested in gambling. However, overtime, I know what kind of gambling to choose as there are skilled based and luck based gambling, of course we choose those skilled based as that gives us a real chance, so for me, I'm more focus into sports betting, continuously finding the working strategy and hoping that one day I'll able to discover it.

[Popkon6]

I split my gambling assets into two parts because if I lose one part I can make sure I win the other part and get back at least some of my assets. Winning in gambling is usually based on strategy, the more experienced and skilled a person is at gambling, the more likely they are to win. I don't like to put my wealth at risk, I usually win more by betting on football because I'm more experienced with the sport than with a little more unique gambling.

[Mauser]

But in spite of everything that is happening in the ecosystem of the gambling industry, there are still many gamblers who play even though they know that they often lose because they still hope that they will get lucky eventually; that's how they motivate themselves.

They? That's us, right? unless you aren't a gambler. Personally, I do enjoy gambling if only I win, and if I lose, I would consider it as a challenge and that makes more interested in gambling. However, overtime, I know what kind of gambling to choose as there are skilled based and luck based gambling, of course we choose those skilled based as that gives us a real chance, so for me, I'm more focus into sports betting, continuously finding the working strategy and hoping that one day I'll able to discover it.

Sticking to sports betting and learning everything about our team, the league and the big tournaments will eventually give us an edge and should make us long term money. Everybody needs to decide for himself how much money he is willing to risk. Having a fixed budget in relation to our monthly income makes a lot of sense and I would only consider gambling more if my income or my bankroll goes up. It's all about statistics, because the more we gamble the closer we will get to our expected values. This doesn't mean that we can't get lucky and get a big win. It's just that the number of gamblers achieving that is very small, similar to the number of gamblers getting a big loss. The majority of gamblers will land in the middle of the distribution, either getting a small win or a small loss.

[EarnOnVictor]

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%.

The good thing about such advice is that it applies to anyone regardless of the money they earn, so it does not matter if you earn much more money than that, if you only spend 1% of your income in gambling then you will keep the rest of your capital intact, which you can later use to invest or to trade, two activities that can be incredibly profitable if you know what you are doing, something that I will admit that is hard to do but that given enough time and effort you could learn to do correctly.

This kind of advice can only work in the sense of fun, nothing else, this can't be for those who are serious about gambling and wish to make money out of it no matter how little. The amount this will earn you will be tantamount to the risks you take in it, so if you are risking just 1% of say $100, I wonder what your profit will be in the long run of both losses and winnings. This is a perfect strategy for me when it comes to casinos, after all, I always prepare my mind that I am not playing it for the money, but for the fun, so it will not be a big deal to continue to bet with $100 and do not lose my money for the entire year. Just the same way I might not make anything reasonable money out of it throughout the year. But most likely, I would have lost all the money before the year ran out.

However, the plan would have accurately served the purpose for the year. Imagine me having the entire gambling experience through casinos for the whole year and still did not lose all the money deposited. That is the power of low-risk gambling, it will give it a tough time for you to lose everything. Not like those who will risk everything at once and will have nothing to show for it, not even the fun.