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Author Topic: Risking 1% in Gambling  (Read 4028 times)
AmoreJaz
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January 24, 2024, 11:44:11 PM
Last edit: January 25, 2024, 11:04:42 AM by AmoreJaz
 #321

Yes gamble with 1% of your income will not much risk Because we spend many unnecessary in our Daily life with various activities like smoke, alcohol etc...but if we use 1% from our income in gambling then it will give us many fun in our middleclass lifestyle. always we should use such a amount in gambling how much we can afford to lose. so i think if we loss 1% from our income in gambling then it will not hard us too much Because we paying 15%+ for income tax based each country
Using 1% is enough for gambling, and you will not use too much money. That's the same as using the money to buy food or coffee and we allocate it to gambling. If we use more than 1%, we will experience more losses even though we could have used the money for other things. But we shouldn't expect to get much money from that small capital, but we can already enjoy the gambling game. Moreover, we will not lose too much money with that percentage because that is the amount of money we can afford to lose in gambling.
Risk free gambling will give you better gambling experience. When you use 1% of your investment to gamble it will never stress you out.  Because you will never care if you lose that amount. So it will let you keep yourself in control. And if you can control yourself, you will get the real fun of gambling because then you can enjoy the gambling games without any fear. So it will be very good for you.  So those who have a fixed budget for gambling especially small amounts like 1-3% I always support them.

and with such allotment, you will find out that you will truly enjoy your game because you know deep inside that even if you lose it all, it doesn't affect much of your financial needs. but in actuality, a lot of gamblers are spending quite higher percentage of their income in gambling, particularly those brick-and-mortar gamblers.

if only the gambler can stick to such percentage, i would say, they won't get into trouble and won't have to worry about their financial conditions. however, only few can contain their desire to play. as most have the tendency to continue as long as they are not satisfied with the results, in particular in circumstances that they are on the losing side.

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January 24, 2024, 11:45:16 PM
 #322

Even though many people could have their own opinion about risking only 1% of income in casinos, I just had some ideas or thoughts about such percentage being applied as a way to save guard one's bankroll.
I think it would be more appropriate to only gamble 1% when comes to games or activies with have mostly to do with randomness and luck, for example, Dices, Plinko or crash. Since those are games which are very likely to drain or wager by the end of the day or in a single afternoon.
In the other hand, there could be more room to be more permissive if one wants to risk a higher percentage in sportbetting: there are mor chances to actually win, specially if good luck is also in company with a good technical analysis of the players, the teams and the statistics in general.
So, for gambling, the percentage of risked money can be as low so one feels comfortable about it, though in sportbetting I would be okey to increase such percentage up to 5-10% based on the monthly income of the gambler.

Does anyone of your agree on that idea or do you believe the percentage should be the same for both gambling (casino games) and sport betting?

The gambler think the usage of the 1% of the money will not affect them in the real game.But the fact is the average income of the gambler will be 500-1000$ based upon their work.So the one percentage will be 5-10$,with my experience in the gambling.The amount of 5-10 dollars will not be enough for the gambler to make the profit.The good capital alone give the gambler to win the good amount in the gambling site.Because the gambler should have enough backup money to recover some loss money.
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January 25, 2024, 01:25:15 AM
 #323

Quote
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

Gambling usually helps to gain benefits from money narrowed gambling. The more a player is attracted or addicted to gambling, the greater the chance of losses. The more money you have, the more you will be addicted to gambling, that's why it is better to bet 1-2% of the main assets on gambling every day. Then a gambler will be able to participate in gambling for a long time and will be sure to join if the money is used properly. Using such strategies in gambling is a sign of winning gambling.

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rojan
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January 25, 2024, 01:54:52 AM
 #324

Gambling is a technique to which one cannot become addicted, and gambling cannot be engaged in with excessive stress. The more gamblers become less addicted, the more gamblers will profit from gambling. If you gamble three days a week with less money, you will be much less addicted. Gambling mainly depends on the gambler's experience and addiction. A gambler can change his own luck because of the strategy alone. The more strategies a gambler uses the less addicted and likely to win.

Gambling depends on luck as well as if you are not experienced at gambling you will never win at gambling. Three days a week seems like too much to me. I would say don't gamble more than one or two days a week as much as possible.  The more the addiction to gambling will increase. Whenever you start gambling excessively, you will have a lot of trouble controlling yourself. Because gambling is a bad addiction, a gambler can lose all his money by gambling.


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January 25, 2024, 04:04:47 AM
 #325

Yes, we should be prepared to lose the money we bet on gambling, because that will determine the future. because in my opinion, many people who gamble unprepared will lose the money they bet, causing them to lose self-control which leads to gambling more than they can afford. I would be very happy if my income was that big, but I don't get the amount you mentioned per month, so I just gamble as much as I can, don't think about continuing to gamble in order to win, because that will only kill me.

I agree with you, because it seems like there are people who have thoughts like that, they gamble to double their finances, actually that's not wrong, but what you have to pay attention to is that the chance of losing in gambling is more dominant than the chance of winning, so it's completely wrong. will make a profit even with those who bet big, because the gambling company will not care about our situation, even if our goal is to double our money to cover financial problems, the gambling company will not look at that. and as you said, thoughts like that shouldn't be better just get rid of them, in order to avoid small problems that can become big.
If we decide to gamble, we should think about the risk of defeat and the risk of losing our money, and we must be ready to accept whatever outcome will happen to our gambling, whether it is winning or losing. If you win, don't ever be greedy to continue your game and exceed your spending limit, such as more than 1%, because what is there is not that you will profit more, but you can lose your winnings because you are too greedy, but if you experience defeat, you must also be ready to accept it and not trying to catch up on the loss.

We live in an era where all basic necessities are expensive, in contrast to the past when everything was still cheap, so people are flocking to get more income from their fixed jobs, namely by gambling, hoping that gambling can generate profits to supplement their living needs, even though they shouldn't think so. gambling as a job because it is very risks, they will only increase the burden on their lives because their living needs are reduced and they will also lose money quickly due to making gambling as a side job.

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January 25, 2024, 05:40:14 AM
 #326

It is better to gamble with 1% because 1% of income is very little money, gambling with it will not result in much loss.  Gambling with 1% of income just for fun can be enjoyed.  People will not lose much in this.  Don't get addicted to gambling again.  He will know that his amount of money is very small so he will not lose much.If there is a loss of 1% of the income, he will not feel bad about it.  Because the remaining 99% will be from him.  And if he can make a profit by gambling with 1% then it is a great pleasure for him.  So gambling with 1% of income is fine.

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January 25, 2024, 05:42:32 AM
 #327

Gambling is a technique to which one cannot become addicted, and gambling cannot be engaged in with excessive stress. The more gamblers become less addicted, the more gamblers will profit from gambling. If you gamble three days a week with less money, you will be much less addicted. Gambling mainly depends on the gambler's experience and addiction. A gambler can change his own luck because of the strategy alone. The more strategies a gambler uses the less addicted and likely to win.

Gambling depends on luck as well as if you are not experienced at gambling you will never win at gambling. Three days a week seems like too much to me. I would say don't gamble more than one or two days a week as much as possible.  The more the addiction to gambling will increase. Whenever you start gambling excessively, you will have a lot of trouble controlling yourself. Because gambling is a bad addiction, a gambler can lose all his money by gambling.
Or better, control ourselves even if we play every day with just our free hours. It also matters where we are playing, it's better if we are already resting and not when at work or there's something else to do like house chores.
But this is not what is being discussed by OP and it's best if we won't go far about the topic.
The percentage of money that we use as a budget for each game. 1 percent may be high for high-salary jobs but I think it is just enough to enjoy ourselves and be entertained through gambling. That way it won't hurt when we lose and we are also avoiding a possible gambling addiction because we follow the amount that we set and we should not be back to deposit more even if everything is gone.
This is actually a good plan to control our bad habit, it may be fun to gamble but we are still wasting money that will absolutely just go to the business if we don't like withdrawing early after a win.
I actually used 5 percent of my money now but I make sure that it can last for 3 weeks or if possible a month by trying to be safe and not betting recklessly for games that I don't have a good chance to win.

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January 25, 2024, 06:10:50 AM
 #328

Even though many people could have their own opinion about risking only 1% of income in casinos, I just had some ideas or thoughts about such percentage being applied as a way to save guard one's bankroll.
I think it would be more appropriate to only gamble 1% when comes to games or activies with have mostly to do with randomness and luck, for example, Dices, Plinko or crash. Since those are games which are very likely to drain or wager by the end of the day or in a single afternoon.
In the other hand, there could be more room to be more permissive if one wants to risk a higher percentage in sportbetting: there are mor chances to actually win, specially if good luck is also in company with a good technical analysis of the players, the teams and the statistics in general.
So, for gambling, the percentage of risked money can be as low so one feels comfortable about it, though in sportbetting I would be okey to increase such percentage up to 5-10% based on the monthly income of the gambler.

Does anyone of your agree on that idea or do you believe the percentage should be the same for both gambling (casino games) and sport betting?

The gambler think the usage of the 1% of the money will not affect them in the real game.But the fact is the average income of the gambler will be 500-1000$ based upon their work.So the one percentage will be 5-10$,with my experience in the gambling.The amount of 5-10 dollars will not be enough for the gambler to make the profit.The good capital alone give the gambler to win the good amount in the gambling site.Because the gambler should have enough backup money to recover some loss money.
If someone enjoy gambling then money does not play major role, he can enjoy it by betting 1 or 2 percent. I find a similarity among most sports bettors who cannot enjoy the game without betting. In their case 1-2% betting also works as a huge impression.
But there is a large part of the gamblers who bet for money. They are not encouraged to make such bets if they don't get good returns. To them, taking risks is joy. Which is why I would say that while risk reduction may be acceptable to some, it is not acceptable to many. It will depend on the needs of the average gambler.
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January 25, 2024, 06:37:30 AM
 #329

Yes, we should be prepared to lose the money we bet on gambling, because that will determine the future. because in my opinion, many people who gamble unprepared will lose the money they bet, causing them to lose self-control which leads to gambling more than they can afford. I would be very happy if my income was that big, but I don't get the amount you mentioned per month, so I just gamble as much as I can, don't think about continuing to gamble in order to win, because that will only kill me.

I agree with you, because it seems like there are people who have thoughts like that, they gamble to double their finances, actually that's not wrong, but what you have to pay attention to is that the chance of losing in gambling is more dominant than the chance of winning, so it's completely wrong. will make a profit even with those who bet big, because the gambling company will not care about our situation, even if our goal is to double our money to cover financial problems, the gambling company will not look at that. and as you said, thoughts like that shouldn't be better just get rid of them, in order to avoid small problems that can become big.
If we decide to gamble, we should think about the risk of defeat and the risk of losing our money, and we must be ready to accept whatever outcome will happen to our gambling, whether it is winning or losing. If you win, don't ever be greedy to continue your game and exceed your spending limit, such as more than 1%, because what is there is not that you will profit more, but you can lose your winnings because you are too greedy, but if you experience defeat, you must also be ready to accept it and not trying to catch up on the loss.

We live in an era where all basic necessities are expensive, in contrast to the past when everything was still cheap, so people are flocking to get more income from their fixed jobs, namely by gambling, hoping that gambling can generate profits to supplement their living needs, even though they shouldn't think so. gambling as a job because it is very risks, they will only increase the burden on their lives because their living needs are reduced and they will also lose money quickly due to making gambling as a side job.

I agree with you, if we do gamble then we should be prepared for the risk of losing the money we bet on gambling and whatever the amount is a percentage of our income, if we have made a deposit then it means we have to be prepared for the risks involved. I myself have implemented this, because in my opinion, if we gamble but are still afraid of losing the money at stake then it is likely that we will chase losses that have already occurred, and in fact this is not recommended, if you have already lost then stop and come back another day to try your luck again Also in my opinion, if we bet with 1% and lose that amount, I don't think it's a big problem,  but a big problem occurs when we are greedy with the gambling we do.

it makes sense, also with the lifestyle that demands some young people today, they have a high sense of pride and are looking for alternatives to earning money through gambling, and they shouldn't do this, because gambling will only make them miserable  even though there are opportunities to win but that doesn't mean it will always be obtained. It's true, gambling like making it your main job is very risky  because the income you get is not clear,  it's different from physical work with that we will get a salary that is clear in terms of amount and time. they have to distinguish between what is true work and what is for entertainment.

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January 25, 2024, 06:49:54 AM
 #330

Gambling usually helps to gain benefits from money narrowed gambling. The more a player is attracted or addicted to gambling, the greater the chance of losses. The more money you have, the more you will be addicted to gambling, that's why it is better to bet 1-2% of the main assets on gambling every day. Then a gambler will be able to participate in gambling for a long time and will be sure to join if the money is used properly. Using such strategies in gambling is a sign of winning gambling.
It's even more better if from your income you allocate a certain percentage to gambling and out of the allocated percentage to gambling then you can make use of 1% for each stake until you exhaust the amount allocated to gambling, using 1% of your main assets on gambling daily could also be detrimental to the gambler because consecutive losses could gradually turn into a good percentage of their funds been lost to gambling, a consecutive loss of 10 different stakes of 1% of their funds will definitely get into the excess of 10% of their funds already which is much but if theses losses are suffered from the allocated funds for gambling then it could be considered a bearable losses because it was considered allocated to gambling which means it's what the gambler can be able to afford to lose.

Gambling budget is a very good way to maintain a good and responsible gambling habit so you still maintain a good financial capacity even while gambling but if you don't have a budget then you have a chance of gambling recklessly and probably gamble irresponsibly.

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January 25, 2024, 10:13:26 AM
 #331

Even though many people could have their own opinion about risking only 1% of income in casinos, I just had some ideas or thoughts about such percentage being applied as a way to save guard one's bankroll.
I think it would be more appropriate to only gamble 1% when comes to games or activies with have mostly to do with randomness and luck, for example, Dices, Plinko or crash. Since those are games which are very likely to drain or wager by the end of the day or in a single afternoon.
In the other hand, there could be more room to be more permissive if one wants to risk a higher percentage in sportbetting: there are mor chances to actually win, specially if good luck is also in company with a good technical analysis of the players, the teams and the statistics in general.
So, for gambling, the percentage of risked money can be as low so one feels comfortable about it, though in sportbetting I would be okey to increase such percentage up to 5-10% based on the monthly income of the gambler.

Does anyone of your agree on that idea or do you believe the percentage should be the same for both gambling (casino games) and sport betting?

The gambler think the usage of the 1% of the money will not affect them in the real game.But the fact is the average income of the gambler will be 500-1000$ based upon their work.So the one percentage will be 5-10$,with my experience in the gambling.The amount of 5-10 dollars will not be enough for the gambler to make the profit.The good capital alone give the gambler to win the good amount in the gambling site.Because the gambler should have enough backup money to recover some loss money.
If someone enjoy gambling then money does not play major role, he can enjoy it by betting 1 or 2 percent. I find a similarity among most sports bettors who cannot enjoy the game without betting. In their case 1-2% betting also works as a huge impression.
But there is a large part of the gamblers who bet for money. They are not encouraged to make such bets if they don't get good returns. To them, taking risks is joy. Which is why I would say that while risk reduction may be acceptable to some, it is not acceptable to many. It will depend on the needs of the average gambler.

Though, we must consider or keep in mind the average gambler who is more inclined to sportbetting is someone who is proficient in prediction of matches, want to be proficient on those predictions or believes to be proficient (when in reality they are not at all). So because they wish to have or already have a good amount of self-confidence, they see an opportunity to make money out of it and bet more than a few percentual points of their monthly income.
That is the big difference I can think of between gamblers and sport-bettors. Also, we both know gambling and betting is supposed to be all about entertainment and fun, but people abuse of their sense of good luck and risk more than what they should, though, because of the things I already mentioned, it is easier to wager more than one is supposed to in the context of sport betting.

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January 25, 2024, 10:14:22 AM
 #332

It's definitely a good advice I can give gambling newbies, if they can use one percent of their money to risk on gambling nothing bad will go wrong, but I do risk more than one percent when gambling, I am risking somewhat like three percent of my money in gambling and I don't gamble almost every time.

Make sure that this percentage comes from your income, using your money to take risks is better than using a loan money or money you borrow from others, you will be able to sleep well at night if the money is all yours but make sure you risks very little on gambling.

Always be prepared to lose the money, but since it's just a percent you are risking it won't affect you compare to using a lot more or even all your salary, this will hurt you a lot of up lose it.

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January 25, 2024, 10:23:39 AM
 #333

Quote
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.

1% per month is too little I believe because knowing that you can spend more than that is the
problem if we are dealing with gamblers here but if not then indeed that we  can see  them spending that little
lol. but its good to hear that  you manage having this 1% in your gambling activities that most gamblers must
do as well because many of them turning addicted as they are not knowledgeable about what will happen and
how to control their budget and earnings.

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January 25, 2024, 10:31:17 AM
 #334

Quote
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.

1% per month is too little I believe because knowing that you can spend more than that is the
problem if we are dealing with gamblers here but if not then indeed that we  can see  them spending that little
lol. but its good to hear that  you manage having this 1% in your gambling activities that most gamblers must
do as well because many of them turning addicted as they are not knowledgeable about what will happen and
how to control their budget and earnings.
It's not something we can say a small amount to spend on gambling per month. If you have the same income shown above, $58 per month is enough to make a gambler satisfied with playing. Unless you are someone who doesn't know how to do bankroll management. Without knowing about it, your certain budget every month on gambling will not be enough and probably make you add more funds to continue playing.

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January 25, 2024, 11:07:00 AM
 #335

1% is really that actually very small if we do really talk about realistically even on how big or small our salary is but it would really be that best if you do really know on how to make yourself having that control and moderation on which we do know that this is something that would be needed by most gamblers because this is where we do usually fails.
The most important thing in gambling is really that having good moderation and control towards self because if you do missed out on doing so then expect that you would really be having that huge spending
and losing tons of money and compromising the amounts on which it is really that something that meant for other important or priorities.

If you are someone whose really that bad when it comes to fund management then it would really be just that wise or better that you shouldnt really be touching gambling in the first place.
You should really be that careful when it comes to decision on playing gambling which we know that this is something that cant be known whether you would be lucky or not.
It's a very small amount, but if we aim to use gambling as a way of having fun, that amount is still acceptable, especially since we really want to prevent losing a lot so we don't want to see a lot of money wasted at the gambling table. However, this amount will vary because our incomes are different, and we just need to adjust it to our family expenses so that the allocation of funds for gambling will not interfere with the family's daily needs. We should indeed have moderation and self-control in gambling so that we don't gamble excessively, especially if we only gamble for fun in our spare time. We also don't need to use a lot of money to gamble because that can trigger us to want to continue gambling and there is a possibility that we will experience even more losses.

Yes, we should try to be wise in using gambling and if we know that gambling can cause our money to run out, we should not touch gambling at all. We have to be careful in making decisions about gambling or not using gambling to get pleasure because many other activities can provide pleasure. We also don't have to gamble to get entertainment or even make money because we know that we need to find a job to make money.

Exactly if someone use only 1% for gambling then perhaps he leave gambling after losing this money because he will not afford more than this and will eventually leave gambling after consecutive losses. Although you will not win big jackpot by using 1% but your losses will also be not too big that it become hard for you to handle.

For other things if we use more money then it will not be a matter for concern because there are many useful activities for which a person should use money but if useless activities are accepted and losing of money is more than winning like that of in gambling then first of all don't do this or if you consider that you cannot stop yourself then utilize minimum percentage.
That's why we have to really limit our gambling if we don't want to see more losses or lose more and more money. We've seen what happens to people who already gamble using more money so we don't need to try. We may find it difficult to win the jackpot, but it might come to us, especially if we can get lucky. So instead of using a lot of money to chase the jackpot, we should let the jackpot come to us. It won't result in losing much money because we just gamble in moderation.

And there are indeed many other things that can benefit us and even though we also use money to do other things, we can get something useful for our lives. So it would be better for us than using money to gamble, especially a lot of money, because we could experience more losses with that much money. We must be aware of this, so we must implement the necessary restrictions to gamble moderately.

Risk free gambling will give you better gambling experience. When you use 1% of your investment to gamble it will never stress you out.  Because you will never care if you lose that amount. So it will let you keep yourself in control. And if you can control yourself, you will get the real fun of gambling because then you can enjoy the gambling games without any fear. So it will be very good for you.  So those who have a fixed budget for gambling especially small amounts like 1-3% I always support them.
By setting a limited amount of money for gambling, we have tried to reduce the risk so that it does not become even greater. And it can prevent us from the frustration that would arise if we experienced a lot of defeats. With the amount that we have prepared, we can remain in control and only play enough gambling without any desire to continue gambling again. But we still have to control ourselves because in gambling, many temptations may be more serious that will come to us, so we have to be able to restrain ourselves well from these temptations.

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January 25, 2024, 11:32:31 AM
 #336

Gambling usually helps to gain benefits from money narrowed gambling. The more a player is attracted or addicted to gambling, the greater the chance of losses. The more money you have, the more you will be addicted to gambling, that's why it is better to bet 1-2% of the main assets on gambling every day. Then a gambler will be able to participate in gambling for a long time and will be sure to join if the money is used properly. Using such strategies in gambling is a sign of winning gambling.
It's even more better if from your income you allocate a certain percentage to gambling and out of the allocated percentage to gambling then you can make use of 1% for each stake until you exhaust the amount allocated to gambling, using 1% of your main assets on gambling daily could also be detrimental to the gambler because consecutive losses could gradually turn into a good percentage of their funds been lost to gambling, a consecutive loss of 10 different stakes of 1% of their funds will definitely get into the excess of 10% of their funds already which is much but if theses losses are suffered from the allocated funds for gambling then it could be considered a bearable losses because it was considered allocated to gambling which means it's what the gambler can be able to afford to lose.

Gambling budget is a very good way to maintain a good and responsible gambling habit so you still maintain a good financial capacity even while gambling but if you don't have a budget then you have a chance of gambling recklessly and probably gamble irresponsibly.
Yes responsible gambling habits help keep gamblers connected. If a gambler becomes reckless and bets every day he can't control himself at all then instead of the 1% he will waste everything on gambling which is at a loss. That's why the budget should be rested for a few days and come back again. Gambling Responsibly Responsible gambling habits keep the game fun and help manage finances. Helps to maintain a healthy relationship with people around you and family.

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January 25, 2024, 11:42:21 AM
 #337

Yes, we should be prepared to lose the money we bet on gambling, because that will determine the future. because in my opinion, many people who gamble unprepared will lose the money they bet, causing them to lose self-control which leads to gambling more than they can afford. I would be very happy if my income was that big, but I don't get the amount you mentioned per month, so I just gamble as much as I can, don't think about continuing to gamble in order to win, because that will only kill me.

I agree with you, because it seems like there are people who have thoughts like that, they gamble to double their finances, actually that's not wrong, but what you have to pay attention to is that the chance of losing in gambling is more dominant than the chance of winning, so it's completely wrong. will make a profit even with those who bet big, because the gambling company will not care about our situation, even if our goal is to double our money to cover financial problems, the gambling company will not look at that. and as you said, thoughts like that shouldn't be better just get rid of them, in order to avoid small problems that can become big.
If we decide to gamble, we should think about the risk of defeat and the risk of losing our money, and we must be ready to accept whatever outcome will happen to our gambling, whether it is winning or losing. If you win, don't ever be greedy to continue your game and exceed your spending limit, such as more than 1%, because what is there is not that you will profit more, but you can lose your winnings because you are too greedy, but if you experience defeat, you must also be ready to accept it and not trying to catch up on the loss.

We live in an era where all basic necessities are expensive, in contrast to the past when everything was still cheap, so people are flocking to get more income from their fixed jobs, namely by gambling, hoping that gambling can generate profits to supplement their living needs, even though they shouldn't think so. gambling as a job because it is very risks, they will only increase the burden on their lives because their living needs are reduced and they will also lose money quickly due to making gambling as a side job.

I agree with you, if we do gamble then we should be prepared for the risk of losing the money we bet on gambling and whatever the amount is a percentage of our income, if we have made a deposit then it means we have to be prepared for the risks involved. I myself have implemented this, because in my opinion, if we gamble but are still afraid of losing the money at stake then it is likely that we will chase losses that have already occurred, and in fact this is not recommended, if you have already lost then stop and come back another day to try your luck again Also in my opinion, if we bet with 1% and lose that amount, I don't think it's a big problem,  but a big problem occurs when we are greedy with the gambling we do.

it makes sense, also with the lifestyle that demands some young people today, they have a high sense of pride and are looking for alternatives to earning money through gambling, and they shouldn't do this, because gambling will only make them miserable  even though there are opportunities to win but that doesn't mean it will always be obtained. It's true, gambling like making it your main job is very risky  because the income you get is not clear,  it's different from physical work with that we will get a salary that is clear in terms of amount and time. they have to distinguish between what is true work and what is for entertainment.
Moderation and knowing limitations are key. I gamble with a little amount of my money to balance excitement with prudence. Both money and expectations must be managed.

Chase loses is a profound topic. Sometimes I've learned the hard way that the best response to a loss is to contemplate and return the next day with a new perspective. Its discipline and shows how important emotional control is in gaming.

I understand the younger generation's drive for rapid wealth, but gambling is not the answer. In this topic, we should promote gambling as a hobby, not a career. Its important to distinguish between work and recreation. Gambling is fun when seen as entertainment, not a lifeline. With this perspective, we can enjoy gambling as an enjoyable, occasional pastime.

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January 25, 2024, 11:43:02 AM
 #338

Gambling is a technique to which one cannot become addicted, and gambling cannot be engaged in with excessive stress. The more gamblers become less addicted, the more gamblers will profit from gambling. If you gamble three days a week with less money, you will be much less addicted. Gambling mainly depends on the gambler's experience and addiction. A gambler can change his own luck because of the strategy alone. The more strategies a gambler uses the less addicted and likely to win.

Gambling depends on luck as well as if you are not experienced at gambling you will never win at gambling. Three days a week seems like too much to me. I would say don't gamble more than one or two days a week as much as possible.  The more the addiction to gambling will increase. Whenever you start gambling excessively, you will have a lot of trouble controlling yourself. Because gambling is a bad addiction, a gambler can lose all his money by gambling.

Absolutely agree with you. Gambling three times a week is clearly too much. Such activity in a year will lead to gambling addiction, and therefore other problems - psychological, financial, etc. You need to realize that the less often a gambler plays gambling, the less likely to become a gambling addict. And this applies not only to gambling. Every person should be able to limit themselves, because uncontrolled activity or use leads to negative consequences.

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January 25, 2024, 04:48:30 PM
Last edit: January 29, 2024, 12:26:52 PM by len01
 #339

-snip
Of course self-control along with some other boundaries are very important in gambling, and if you are able to apply these to your gambling engagements then obviously I think you have the right understanding of gambling which means that putting small amounts will not be a difficult decision for you, because your main priority is to prevent the risk from getting too big and not on winning which is basically very difficult to get.
yep, all decisions are up to each us as to how avoid risks or avoid negative impacts that exist in gambling and we are here just telling each other that risking small amounts is always. right choice and as I said before know when right way to stop betting an  easy way but will be very difficult to do.
most important thing is actually about  budget we have as long we can restrain ourselves from committing to plan that has been determined and must also be able to appreciate the money we have, of course we will find it easy to bet 1%-5 of our income on gambling and can last one month we can manage our budget well.

limitations that I previously mentioned will never be taken seriously novice gamblers or gambling addicts, but these limitations have given me experience that gambling must be done carefully, making wise decision and respecting money, even small amounts.

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January 25, 2024, 05:40:26 PM
 #340

Back on topic (guys, the OP was asking about the way to spend his pre-stablished money for gambling, not how much should he gamble), the more the baskets the lower the chance of losing all eggs, but also of making good profit. Easiest example I can think about (obviating house edge!):

a) you gamble all the money (100$) to one very simple game = You have 50% chances of losing it all, and 50% of doubling your money. You'll get 0 or 200$ in return.

b) you gamble the money to one hundred games = It is almost impossible to lose it all (100 loses in a row? it simply won't happen) but your chances of making any (small) profit will tend to be 50%. You'll get your initial 100$ in return.

So the answer to the OP's question is the following: if you want to feel the strongest sensations, a) is your gambling style; otherwise, if you want to just have fun for the longest time possible, b).

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