Risking 1% in Gambling

[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.

[Promocodeudo]

Guideline 1: Gamble no more than 1% of household income
Don’t bet more than 1% of your household income before tax per month. For example, someone with a household income of $70,000 before tax should gamble no more than $58 per month.

Recently I decided to risk only 1 percent of my gambling portfolio into each bet. This makes my bet risk free as I know that even if I lose the bet i will lose only 1% of my gambling money.

Do you guys also follow a similar strategy like gambling with 1% or 2% on each game? This way not only we are safe from losing big amounts but at the same time, we never find ourselves in a situation where we go all in, in some bet and then have the fear of losing all of our money.

You must have heard 1% strategy in trading, the same can be applied in gambling too and believe me, you will feel a lot more comfortable using this 1% of your money in every game.
This also gives you a lot of games to play before you end up on your money as on every bet you will use 1% of your money. In case you lose all bets, you will be playing 100 games because your money is exhausted.


The Lower-Risk Gambling Guidelines

OP, if this strategy is maintained it will be splendid but this can lead to going for more if not adhered to, gambling can make you to move away from you set plans, with what I know it is very difficult for a gambler to maintain his or her stance when it comes to decision making and when it has to do with expenditure, to balance your expenses is almost impossible no matter how you decide to spread it, most times what leads to this is mostly greed, when you use such percentage you set out to use for the said activity and finally become successful, you will like to invest more thinking that you will win more, but unfortunately this might flope against your wish.

[Accardo]

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.

Whatever interests a gambler, is good for him, so far he doesn't misuse his techniques. Gamblers can lose and still gamble for more wins. If the player overuses the strategy or wants to get the win in one day, it can be bad in the long run, as he'll run short of money. He may not be able to win during the period of gambling in a day, as the game of gambling requires full-fledged thoughts of mind and a cool brain to think correctly and predict the right move to choose. Gamblers, in high quantity, gamble for a longer period, because it generates money in the long run. But the actual game should be the other lessons like Mauser said; learning about his team and improving his horizon on sports-related matters. This shows the other importance of gambling. Most players already developed a new life outside of gambling, because they are gamblers. Sometimes, I'd be able to act according to what I've learned through gambling.

So, when we lose, it's not bad to continue playing, but it should be moderated for our good. Which remains the context of the thread. After reading the few links on the OP I was enlightened on the importance of money management for gamblers. If a gambler loses 1% of his earnings on gambling, he wouldn't have much anxiety, stress, or regret. He can easily forgo the money, and try again another month. I think it's enough to define gambling, as doing something that won't be like a burden to us, but instead a fun and source of relaxation. Whenever we are rewarded with a win, we'll know that we already generated another money to add up to the money we already crafted out for gambling. Thereby increasing the amount of money on our bankroll. Hence, going for the big win with a small money may be less possible, but the same low wagers can give us more fun than those wagering huge amounts and chasing more money.

[noormcs5]

Guideline 1: Gamble no more than 1% of household income
Don’t bet more than 1% of your household income before tax per month. For example, someone with a household income of $70,000 before tax should gamble no more than $58 per month.

Recently I decided to risk only 1 percent of my gambling portfolio into each bet. This makes my bet risk free as I know that even if I lose the bet i will lose only 1% of my gambling money.

Do you guys also follow a similar strategy like gambling with 1% or 2% on each game? This way not only we are safe from losing big amounts but at the same time, we never find ourselves in a situation where we go all in, in some bet and then have the fear of losing all of our money.

You must have heard 1% strategy in trading, the same can be applied in gambling too and believe me, you will feel a lot more comfortable using this 1% of your money in every game.
This also gives you a lot of games to play before you end up on your money as on every bet you will use 1% of your money. In case you lose all bets, you will be playing 100 games because your money is exhausted.


The Lower-Risk Gambling Guidelines

OP, if this strategy is maintained it will be splendid but this can lead to going for more if not adhered to, gambling can make you to move away from you set plans, with what I know it is very difficult for a gambler to maintain his or her stance when it comes to decision making and when it has to do with expenditure, to balance your expenses is almost impossible no matter how you decide to spread it, most times what leads to this is mostly greed, when you use such percentage you set out to use for the said activity and finally become successful, you will like to invest more thinking that you will win more, but unfortunately this might flope against your wish.

Well if anybody learns about one percent in gambling strategy and he decide to follow it then it is his responsibility to follow that strategy. We cannot say that a person wants to adopt the strategy and also because of the emotions he will invest more than one percent or he will not follow the strategy.
If anyone is unable to follow his own principles then I am afraid there is no one else who can stop him from getting big losses in gambling. Gambling is not only about playing, it is also about controlling oneself.

[Shamm]

1% is still good enough to gamble if you are not an gambling addict. Cause you can control yourself to avoid things much worst. And maybe yes 1% is enough to  sustain your bankrolls and income if you are lucky. anyways once you are loss with your 1% then all I can say is that not just bad as it's a small amount of money compared to 10% or more in your income. And also once you stop lucky then that 1% have a chance to grow.

[vs2014]

Last week i did betting where i almost won when i bet small but when i bet a big amount then i lost. It will tell you how to risk the decision! In every game you can win a small money but most of the times when you play with big money you have 95% chance of losing as i can tell from my real experience. On the other hand trading strategy is quite different which can be achieved with your experience but gambling is the opposite of that because it is luck. However if you gamble with a plan where you take a break after losing repeatedly and then play again a common outcome may occur.

[Silberman]

Last week i did betting where i almost won when i bet small but when i bet a big amount then i lost. It will tell you how to risk the decision! In every game you can win a small money but most of the times when you play with big money you have 95% chance of losing as i can tell from my real experience. On the other hand trading strategy is quite different which can be achieved with your experience but gambling is the opposite of that because it is luck. However if you gamble with a plan where you take a break after losing repeatedly and then play again a common outcome may occur.

This happens quite frequently and it is one of the reasons gamblers lose more money than what they thought they could, as they begin to do well and they believe that they can rise their bets and make more money than what they have been doing so far, but then their luck disappears and their losses go up quite quickly, and while this is not a reason to worry about, there have been some casinos that cheated their customers this way, so keep your eyes open and see if this happens over and over again.

[Sanitough]

1% is still good enough to gamble if you are not an gambling addict.

I'm not a gambling addict mate but it's not good for me. I think we can only talk about percentage like that here if we are earning a significant amount of money, regardless on where it's coming from. Man, most of the gamblers I think are just in the middle class, so let's say the average they are making is only $500, 1% of $500 is only $5.... Does anyone here enjoy gambling with a budget of $5 per month?

[bettercrypto]

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.

When you put away 1% for gambling, I don't think it's bad if you are a person who is not rich and just earns as a normal employee or small business. I think it's fine. Because the 1% that will be taken from the source of income is probably only a small amount.

Now, if you are a rich person and let's assume that you earn $20,000 a month, that means you have an allocation of 1% on that amount, which is around $200, which in fact, for me, is a large amount.

[JahriMeayer]

There's a lot to talk about. Not everyone is going to earn that much monthly. Even country also do matter in this case. If i earn like $500 monthly in my country, then 1% is $5 (without tax) Which is still low for whole month gambling. Not all websites will allow you to bet with cents but minimum $1 need to stake. so i can place few bets only. I read some articles and i found Budget 5% from total household income, is good to go. A person can enjoy the gambling. But if your earning is huge, then 1-2% is enough cause that'll be too much money for gambling. And i believe we should set lowest budget for gambling as possible.

[junder]

When you put away 1% for gambling, I don't think it's bad if you are a person who is not rich and just earns as a normal employee or small business. I think it's fine. Because the 1% that will be taken from the source of income is probably only a small amount.

Now, if you are a rich person and let's assume that you earn $20,000 a month, that means you have an allocation of 1% on that amount, which is around $200, which in fact, for me, is a large amount.

I also think it's not bad and there's nothing wrong with setting aside 1% for gambling, but in my opinion this depends on income, because if the income is large, then maybe 1% is big enough to do gambling, and the same thing as what you said, setting aside 1% for gambling from the income earned even if it's as an ordinary employee or a small business, then it's not bad either, because we should be able to look at our income before gambling.

Because there are people who have limited income or income but insist on gambling with a budget that is more than they can afford, like he gambles with 50% of his income, because he believes gambling can provide benefits, but this is certainly wrong. if we do gambling, we should look at the budget that we can spend and try not to let the budget for gambling hamper our daily life, because of course we must have capital to survive in the daily life that is carried out. if you bet with the amount of $ 200 in my opinion it is more than enough, even in my opinion it is too much, for myself.

[arjunmujay]

When you put away 1% for gambling, I don't think it's bad if you are a person who is not rich and just earns as a normal employee or small business. I think it's fine. Because the 1% that will be taken from the source of income is probably only a small amount.

Now, if you are a rich person and let's assume that you earn $20,000 a month, that means you have an allocation of 1% on that amount, which is around $200, which in fact, for me, is a large amount.

I also think it's not bad and there's nothing wrong with setting aside 1% for gambling, but in my opinion this depends on income, because if the income is large, then maybe 1% is big enough to do gambling, and the same thing as what you said, setting aside 1% for gambling from the income earned even if it's as an ordinary employee or a small business, then it's not bad either, because we should be able to look at our income before gambling.

Because there are people who have limited income or income but insist on gambling with a budget that is more than they can afford, like he gambles with 50% of his income, because he believes gambling can provide benefits, but this is certainly wrong. if we do gambling, we should look at the budget that we can spend and try not to let the budget for gambling hamper our daily life, because of course we must have capital to survive in the daily life that is carried out. if you bet with the amount of $ 200 in my opinion it is more than enough, even in my opinion it is too much, for myself.

I just heard this in gambling. I myself often use 10% of my income to gamble. and feel like it's okay to lose it. If it's only 1%, maybe it's just for fun and to satisfy your gambling hobby, regardless of the winnings.
I took 10% because if I win, the results are not bad. At least you can hang out with friends.

[SmartGold01]

This is actually a good strategy to follow because you limits yourself to only gamble with 1 percent of household income you stands a better chance to gamble responsible knowing that whenever that amount is being exhausted then you won't touch any other money from your income to gamble for the week or month per say. This strategy helps you control your spending whenever your allocation for the month has been reached you won't gamble anymore and you won't lose further due to the amount sets has been reached.
Anyone who started gambling recently and follow this mothed it could be very hard for such person to become addicted gambler, since they are strictly following 1 percent budget of their income.

[nara1892]

I just heard this in gambling. I myself often use 10% of my income to gamble. and feel like it's okay to lose it. If it's only 1%, maybe it's just for fun and to satisfy your gambling hobby, regardless of the winnings.
I took 10% because if I win, the results are not bad. At least you can hang out with friends.

As we know that some out of control actions always start from emotions and emotions will usually arise when you are unable to accept the results at the end of the session in the sense of losing, And that's why we have to be responsible gamblers because by only putting small amounts then surely you will not feel too upset when the final result loses and with this you will avoid some out of control actions such as chasing victory, usually people who are completely unable to approach like this most of them will quickly end up with addiction. After all, of course you have also said that gambling is just for fun, so what's wrong with just putting a small amount? anyway if we are lucky we will also be able to get victory.

[Wakate]

There's a lot to talk about. Not everyone is going to earn that much monthly. Even country also do matter in this case. If i earn like $500 monthly in my country, then 1% is $5 (without tax) Which is still low for whole month gambling. Not all websites will allow you to bet with cents but minimum $1 need to stake. so i can place few bets only. I read some articles and i found Budget 5% from total household income, is good to go. A person can enjoy the gambling. But if your earning is huge, then 1-2% is enough cause that'll be too much money for gambling. And i believe we should set lowest budget for gambling as possible.

Risking one percent in gambling with a portfolio that is not upto $10 is rubbish because it worth work and the gambler would have to be reasonable at time to win in a way that he might be risking up to 30 to 40 percents there funds. If we follow this kind of strategy, it means that it's going to take a longer time before we could make something profitable from betting. We needed to know what we are doing so that we don't bet using strategy that is not going to work for us for a longer time and it's going to make us stay longer before we can make something meaningful. Understanding risk would help us more that following this kind of strategy.

[klidex]

I also think it's not bad and there's nothing wrong with setting aside 1% for gambling, but in my opinion this depends on income, because if the income is large, then maybe 1% is big enough to do gambling, and the same thing as what you said, setting aside 1% for gambling from the income earned even if it's as an ordinary employee or a small business, then it's not bad either, because we should be able to look at our income before gambling.

Because there are people who have limited income or income but insist on gambling with a budget that is more than they can afford, like he gambles with 50% of his income, because he believes gambling can provide benefits, but this is certainly wrong. if we do gambling, we should look at the budget that we can spend and try not to let the budget for gambling hamper our daily life, because of course we must have capital to survive in the daily life that is carried out. if you bet with the amount of $ 200 in my opinion it is more than enough, even in my opinion it is too much, for myself.

Setting aside 1% for gambling in my opinion is not too risky because you can still deviate 99% of your entire income and if you are an ordinary employee whose income is no more than $500 a month you only use $5 for gambling which means you don't really mind losing that money, because the most important thing is that when we gamble we must be prepared to lose our money because the risk of gambling is losing, and you also feel satisfied with that 1% and think consider gambling as entertainment.

People like that usually try to double their income and they hope that gambling can get profits with large capital even though thoughts like this should not be in their minds because getting a profit in gambling is very difficult to achieve because gambling is not supposed to be for profit but rather to have fun.

[len01]

As we know that some out of control actions always start from emotions and emotions will usually arise when you are unable to accept the results at the end of the session in the sense of losing, And that's why we have to be responsible gamblers because by only putting small amounts then surely you will not feel too upset when the final result loses and with this you will avoid some out of control actions such as chasing victory, usually people who are completely unable to approach like this most of them will quickly end up with addiction. After all, of course you have also said that gambling is just for fun, so what's wrong with just putting a small amount? anyway if we are lucky we will also be able to get victory.

importance of having limits on yourself is to always use your own rules for betting small amounts.
a gambler very rarely has limits like this because they are more concerned with the results they will get without caring about the risks they will get, such as losing.
whereas in gambling we will always lose and very rarely get big wins except when we are lucky, but gamblers always ignore this and their minds only focus on the win they want to get.

gamblers like this usually cover themselves up hiding behind the word gambling just to have fun while they are actually betting without having any control and always betting large amounts to want a big win and things like this must be noted that it is very important to have your own rules regarding budget limits for gambling and also limits for betting.

[Hirose UK]

~snip~

Risking one percent in gambling with a portfolio that is not upto $10 is rubbish because it worth work and the gambler would have to be reasonable at time to win in a way that he might be risking up to 30 to 40 percents there funds. If we follow this kind of strategy, it means that it's going to take a longer time before we could make something profitable from betting. We needed to know what we are doing so that we don't bet using strategy that is not going to work for us for a longer time and it's going to make us stay longer before we can make something meaningful. Understanding risk would help us more that following this kind of strategy.

I would never say that small bets are rubbish bets because if that is the amount you can afford then there is nothing you can do to increase it. Moreover, I much prefer gamblers who gamble small amounts but can accept it when they lose than gamblers who always increase their bets or use large amounts but regret it when they lose and can't accept it.
When you can't accept defeat then there will only be efforts to recover losses, I can't stop thinking about those who claim that betting quite large amounts and stating that if they win they will be able to get decent amount too, but I not amazed at all.
They don't have sense of responsibility and wise attitude and all this is because they only care about ambition without using much consideration.
I would have much more respect for gamblers who have a sense of responsibility and can always be wise when getting any results from gambling.

[masulum]

Setting aside 1% for gambling in my opinion is not too risky because you can still deviate 99% of your entire income and if you are an ordinary employee whose income is no more than $500 a month you only use $5 for gambling which means you don't really mind losing that money, because the most important thing is that when we gamble we must be prepared to lose our money because the risk of gambling is losing, and you also feel satisfied with that 1% and think consider gambling as entertainment.

People like that usually try to double their income and they hope that gambling can get profits with large capital even though thoughts like this should not be in their minds because getting a profit in gambling is very difficult to achieve because gambling is not supposed to be for profit but rather to have fun.

But, this is can be not worked for a lot of gambler, if 1% for 1 month, we assume $5 per month as you mentioned, it seems difficult for most people to accept. People will think that $5 a month for gambling is just a joke, of course if we lose with that amount we will like lose for nothing. But, for those who want to win a lot, i believe they will play more than $5 per week, not per month anymore. I'm not denying the luck factor, maybe with $5 someone can win more than $500, but that doesn't happen once a month. Things like this make people spend more on gambling. Those who initially limit $5/month and change the limit to $10/week even can break the limit, if they are can't control their emotions anymore.

[SeaCoinCollector.]

Know how much you are willing to lose when you gamble to be smart. So, don't put more than 1% of your money on each bet. With less stress, you can make smarter decisions without fear of losing a lot of money. It is suggested that you never risk more than 1% of your gaming account. Staying responsible when you bet will be easier after reading this. Responsible gaming is supported by this rule, which tells people to play in moderation and stops them from losing a lot of money on one game. One more benefit is that you can bet for longer, which makes it more fun and gives you more control.