Risking 1% in Gambling

[ethereumhunter]

It's quite reasonable that we will feel comfortable with losing 1% of our portfolio, this will apply if we have enough money, but if we have a little, it's not wrong to add no more than 5%. In my personal opinion, this is still relatively safe.

1% is indeed safe and certainly you won't notice the losses incase you are in bad streak. This is ideal for those who wants to try different games yet don't want to spend much or afraid to have huge losses.

But It depends for every gamblers since many of us probably don't want to waste our time (like those whale gamblers) using a small amount when playing especially if you're after profit. In my case, 5% of my day job salary is sufficient already to spend for leisure. IMO, regardless what percentage of your money is meant for gambling, as long as you'll be satisfied then that's what matter. Don't try to follow others who can spend more than what they can afford because often that's the start for someone to have a problem related to how they gamble.

Besides that, before they risking any money, they can use demo mode to check the game which that can help them to avoid the losses. If they are sure with the games, they can deposit some money and follow the rule 1% to be used for gamble. They will not waste their money by losing it in many gambling games because they already know how prevent the loss. They can take care themselves when playing gambling and not risking too much money.

I don't use big percentage to playing gambling because I already seen some gamblers who is my friends, losing their money in gambling. They can't buy something to fills their needs because they used almost all of their money to gamble. That's why I always try to limit my money that I want to use to playing gambling. The key here is only use the money you can afford.

[Coin_trader]

It's quite reasonable that we will feel comfortable with losing 1% of our portfolio, this will apply if we have enough money, but if we have a little, it's not wrong to add no more than 5%. In my personal opinion, this is still relatively safe.

1% is indeed safe and certainly you won't notice the losses incase you are in bad streak. This is ideal for those who wants to try different games yet don't want to spend much or afraid to have huge losses.

I'm using this 1% on my bet size when playing Blackjack slowly because I have enough room to absorb lose streak like what you mention and wait formy winning streak and blackjack to come for recovery to potential profit. But this 1% bet size is not always small since it depends on the bankroll size ofthe gambler. Sometimes I have a bankroll of 10K but which means 100$ is my 1% bet size that is too high for me.

I always bet near the minimum bet size in case the 1% equivalent amount is already too big for me. I usually deposit huge bankroll when I'm farming rakeback slowly to boost my VIP level. I'm not sure how others gamble using slow gambling method but there's really no fix percentage for the right amount of bet.

[rozak]

Yes because in gambling we should pay more attention to risk management such as setting limits in various aspects because of the possibility of losing that will not always be avoided completely, in terms of budget, putting the amount of 1% of the total income we get is indeed a good approach and recommended in gambling, this way will make you feel safe and will not lose balance in terms of finances and will not experience problems in your finances.

But on the other hand I think limiting the budget amount is still not enough to make you in a safe situation and away from bad possibilities in gambling, because limiting the budget tends to lead to minimizing the number of losses and the other thing I suggest is that we also have to limit the time of involvement because it's useless even if you put a small amount but in fact you do with more attempts then obviously the number of losses must also be quite large, and that's why limiting the time of involvement is also something that must be done because by limiting in terms of time then you will not experience an increase in interest in gambling which of course it is likely to make you more curious about gambling. I think don't be too concerned with satisfaction, because of course it can increase the amount of your budget, simply put even if you put a small amount like 5% but if it turns out to lose and you feel still not satisfied with the gambling session then it is possible for you to re-deposit money to continue the session.

limiting the allocation of funds to gambling would probably be good. but the most important thing is our consistency when we set these boundaries. Don't let us create these limits but we violate the limits ourselves.
I've experienced something like that. The situation occurred when I played an online casino accompanied by friends. it was a really fun weekend. There is a lot of time that can be spent in the casino and with the capital that I have limited, in the end, it doesn't provide satisfactory results for me.
There's indeed no need to force the satisfaction you're looking for, but sometimes we get advice from friends that can convince us to continue playing.

[Pesona1]

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

Spending 1% of income on gambling for a month of course this can keep our finances stable, but I think it will be difficult for us to do it because gambling addiction can destroy the boundaries that have been made including 1% for 1 month, if you can do it quite consistently and continuously of course I really applaud you, but can you be confident enough to do this because in general with 1% of course it only takes a short time to spend it gambling, if we win maybe we can save that money, but let's say you lose 1% of that money in just 1 day, then will you be able to resist the urge to gamble for 29 days?
I think it will be difficult to resist the addiction to gambling and we cannot deny that some people actually gamble not just for fun and many of them even have to lose their possessions because gambling.

[Blitzboy]

It's quite reasonable that we will feel comfortable with losing 1% of our portfolio, this will apply if we have enough money, but if we have a little, it's not wrong to add no more than 5%. In my personal opinion, this is still relatively safe.

1% is indeed safe and certainly you won't notice the losses incase you are in bad streak. This is ideal for those who wants to try different games yet don't want to spend much or afraid to have huge losses.

But It depends for every gamblers since many of us probably don't want to waste our time (like those whale gamblers) using a small amount when playing especially if you're after profit. In my case, 5% of my day job salary is sufficient already to spend for leisure. IMO, regardless what percentage of your money is meant for gambling, as long as you'll be satisfied then that's what matter. Don't try to follow others who can spend more than what they can afford because often that's the start for someone to have a problem related to how they gamble.

Yes because in gambling we should pay more attention to risk management such as setting limits in various aspects because of the possibility of losing that will not always be avoided completely, in terms of budget, putting the amount of 1% of the total income we get is indeed a good approach and recommended in gambling, this way will make you feel safe and will not lose balance in terms of finances and will not experience problems in your finances.

But on the other hand I think limiting the budget amount is still not enough to make you in a safe situation and away from bad possibilities in gambling, because limiting the budget tends to lead to minimizing the number of losses and the other thing I suggest is that we also have to limit the time of involvement because it's useless even if you put a small amount but in fact you do with more attempts then obviously the number of losses must also be quite large, and that's why limiting the time of involvement is also something that must be done because by limiting in terms of time then you will not experience an increase in interest in gambling which of course it is likely to make you more curious about gambling. I think don't be too concerned with satisfaction, because of course it can increase the amount of your budget, simply put even if you put a small amount like 5% but if it turns out to lose and you feel still not satisfied with the gambling session then it is possible for you to re-deposit money to continue the session.

The method goes beyond budget to include time and psychological restrictions. I agree that restricting investing to 1% of income is prudent. However, your focus on temporal limits resonates. Spending and engagement matter. Frequency of attempts can increase losses even with low stakes. This conversation emphasizes control's essence. We control our time, resources, and desires. The powerful and sometimes deceptive appeal of gambling tempts us to chase losses in search of happiness. Herein lays the problem: gambling satisfaction is fleeting.

In addition to financial and time limitation, lets promote self-awareness and discipline. Gambling may quickly become a dangerous fixation if not handled responsibly. Its about balance, right? Balance between fun and duty, thrill and pragmatism.

[Odohu]

It's quite reasonable that we will feel comfortable with losing 1% of our portfolio, this will apply if we have enough money, but if we have a little, it's not wrong to add no more than 5%. In my personal opinion, this is still relatively safe.

1% is indeed safe and certainly you won't notice the losses incase you are in bad streak. This is ideal for those who wants to try different games yet don't want to spend much or afraid to have huge losses.

It may sound all nice when you allocate percentages in this manner especially as it is small and seemingly insignificant. But what will actually determine the percentage risk is amount the gambler deposited. For instance, a gambler that deposited $10 may not risk 1% per bet as this will be far below his risk appetite. Conversely, a gambler with account balance of $100k may not risk up to 1% per set as this may also be way above his risk limit. So, the balance is an important factor of consideration in the risk. The key thing is knowing and understanding ones gambling strategy, knowing the risk to reward ratio and from there what percentage of the capital to risk so that one will not run out of balance.

But It depends for every gamblers since many of us probably don't want to waste our time (like those whale gamblers) using a small amount when playing especially if you're after profit. In my case, 5% of my day job salary is sufficient already to spend for leisure. IMO, regardless what percentage of your money is meant for gambling, as long as you'll be satisfied then that's what matter. Don't try to follow others who can spend more than what they can afford because often that's the start for someone to have a problem related to how they gamble.

I see a lot of sense in your response because I just realized that people who may not have time to gamble regularly can just play few times per week and allocate a good portion of their capital to the games. This is indeed another possibility provided the risk is bearable to the gambler.

[Hirose UK]

~snip~

limiting the allocation of funds to gambling would probably be good. but the most important thing is our consistency when we set these boundaries. Don't let us create these limits but we violate the limits ourselves.
I've experienced something like that. The situation occurred when I played an online casino accompanied by friends. it was a really fun weekend. There is a lot of time that can be spent in the casino and with the capital that I have limited, in the end, it doesn't provide satisfactory results for me.
There's indeed no need to force the satisfaction you're looking for, but sometimes we get advice from friends that can convince us to continue playing.

You are right, having boundaries and management will be very easy, but the most difficult thing is being able to have consistency with the boundaries and management that have been set.
This will be the same as gamblers who start, it will be very easy for them to start and it will be difficult for them to stop, so it will have big impact on their continuity in gambling.
For gambler who is able to have consistent attitude towards whatever they set, it is clear that they will be able to be in comfort zone where various problems and mistakes can be greatly minimized.
Many gamblers have stated that they can have control, limits and management but they still often fail because there is no consistent attitude that is truly maintained.

Moreover, in gambling activity we ourselves feel satisfaction and we use the money we have ourselves without any support from anyone, so we must really avoid various forms of things that can influence it.
We may feel feelings that are difficult to suppress because of various statements that make us more curious, but we must be able to control them and not be influenced.

[Dewi Aries]

Yes because in gambling we should pay more attention to risk management such as setting limits in various aspects because of the possibility of losing that will not always be avoided completely, in terms of budget, putting the amount of 1% of the total income we get is indeed a good approach and recommended in gambling, this way will make you feel safe and will not lose balance in terms of finances and will not experience problems in your finances.

But on the other hand I think limiting the budget amount is still not enough to make you in a safe situation and away from bad possibilities in gambling, because limiting the budget tends to lead to minimizing the number of losses and the other thing I suggest is that we also have to limit the time of involvement because it's useless even if you put a small amount but in fact you do with more attempts then obviously the number of losses must also be quite large, and that's why limiting the time of involvement is also something that must be done because by limiting in terms of time then you will not experience an increase in interest in gambling which of course it is likely to make you more curious about gambling. I think don't be too concerned with satisfaction, because of course it can increase the amount of your budget, simply put even if you put a small amount like 5% but if it turns out to lose and you feel still not satisfied with the gambling session then it is possible for you to re-deposit money to continue the session.

limiting the allocation of funds to gambling would probably be good. but the most important thing is our consistency when we set these boundaries. Don't let us create these limits but we violate the limits ourselves.
I've experienced something like that. The situation occurred when I played an online casino accompanied by friends. it was a really fun weekend. There is a lot of time that can be spent in the casino and with the capital that I have limited, in the end, it doesn't provide satisfactory results for me.
There's indeed no need to force the satisfaction you're looking for, but sometimes we get advice from friends that can convince us to continue playing.

Yes as I said above that limiting the amount of budget along with putting consistency as you said is indeed a recommended approach in gambling and one of the reasons as I said above limiting the amount of budget will be able to make you avoid the possibility of losing large amounts, but still you can't rule out other suggestions as I said above that limiting the time to gamble also needs to be considered, try not to be too frequent and adjust to your finances.

I will add another suggestion that is no less important is to apply firmness to the plans that you have made, especially risk management, on the other hand from the incident you experienced it seems that you were carried away by the seriousness of the atmosphere that happened there, which I think is a natural thing, or I mean it is quite reasonable if you overdo it because when you gamble with friends the atmosphere will be more lively but this situation often makes someone forget the plans they have made before and this really happened to you where instead of stopping and resting but you continued the session and it was all none other than because of the influence of some of your friends.

[Hewlet]

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

the reality here is that most gamblers rnt theoriticaly set out an amount they wouldn't gamble above but in reality they end up gambling based  on thier mode an nature of the game for the day.

For someone like that started off as a sports gambler, the amount I and my friends mostly use in our gambling is 100 of the Nigerian naira since we aren't all that financially strong. We only gamble above that amount in some games we very certain that a particular team is smaller although the ode is in most cases too small but we still can go as far as shifting from the regular 100 Nigerian naira to using around 2000 of the Nigerian naira. It's good to set out a percentage we can use in the process of gambling but going above that should be an occasional situation although sticking to the set out bench mark isn't all that easy.

[Twentyonepaylots]

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

Yes, this can really work for those who want to play safely when gambling. As long as it is a 1% bet per day, then you are fine. But for me, this tactic won't work for those people who easily get bored and want to get the bag and hit big every day. Most gamblers gamble because of the chances of getting a lot of money from it. For example, if they have a $200 gambling portfolio, most of the gamblers will gamble 50$ so they can get back a minimum of x2 of the $50. Most of the gamblers want that quick cash, so I think this won't work for those impatient ones.

But this tactic will work. Just to add something, as long as they bet 1% only every day, that bet will hit like x10. But if you do not get too greedy, then it will be fine.

[Aanuoluwatofunmi]

As long as we are considering gambling here in this context, there's nothing to risk about, not even when its lesser than one percent because gambling on its own is full of risk, we cant afford to make additions on the already risk being involved in gambling because we want to get the best winning opportunity on it, anything we cannot afford to loose in gambling shouldn't be taken including the decision made, the money or financial engagement used among others.

[junder]

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

Spending 1% of income on gambling for a month of course this can keep our finances stable, but I think it will be difficult for us to do it because gambling addiction can destroy the boundaries that have been made including 1% for 1 month, if you can do it quite consistently and continuously of course I really applaud you, but can you be confident enough to do this because in general with 1% of course it only takes a short time to spend it gambling, if we win maybe we can save that money, but let's say you lose 1% of that money in just 1 day, then will you be able to resist the urge to gamble for 29 days?
I think it will be difficult to resist the addiction to gambling and we cannot deny that some people actually gamble not just for fun and many of them even have to lose their possessions because gambling.

I agree with you, after all if you allocate money only 1% of the income generated, the amount will not be large and our finances will remain stable. but if it can last for one month I doubt it, because allocating money for gambling only 1% is in my opinion not enough. but it all depends on each individual if we have good self-control maybe with the budget set it will be enough for one month. in my opinion only people who really don't care much about gambling will gamble with a budget of 1% for one month.

It's true what you said, it's hard to resist and resist the temptation of gambling, that's why many people lose a lot of money and even risk their next month's payday for gambling. this indicates that gambling has a strong attraction, so many people are tempted to lose their property, including those who are addicted to gambling. but obviously if you really want to do gambling, you have to do it with money that you are willing to lose, because there are even many people who gamble but are not ready to lose the money they put...,

[umbara ardian]

While responsible gaming allows for safe and enjoyable participation, the potential pitfalls of exceeding reasonable limits and misunderstanding the inherent risks can lead to negative consequences. This necessitates addressing the core issue: the mindset and goals of individuals engaging in gambling activities.

Many gamblers set unrealistic expectations, believing that winning is easily achievable. This optimistic bias, combined with the allure of potential large wins, can overshadow the reality of predominantly losing outcomes. This discrepancy between expectation and reality fuels the tendency to disregard previously established limits and chase losses, ultimately leading to potential financial and emotional harm. Gambling should be viewed as a form of entertainment, not a viable means of financial gain. Prioritizing enjoyment over enrichment fosters a healthier approach, minimizing the risk of excessive spending and chasing losses.

[LUCKMCFLY]

<snip>

Sometimes a player decides to allocate 1% to the game, because that is what he has to accept to put in, no more than that, according to the economic situation he has, because if he sees that that is what he can do, then that is will do, the fact that he does not have more money to put into the casino is already that player's problem, therefore when we decide to make any move in the casinos we cannot leave everything there, and the fact of resisting not playing because when That's just what you should do, in this aspect the players will always have a very different way of doing things, first you have to know that when you go into a casino the most likely thing is that the money that is there will go to you to lose, a person cannot be playing with fear, because if they play with fear, pressure and stress, what they will achieve is lose, when the game is played normally without the person looking at that money, I think they can even win much more.

But in terms of economics, if the person determines that only 1% is what they are willing to lose, then they must comply, if the person feels that they should play more, then they must take stock of what they have, I do not recommend, the fact of Playing is for leisure, it is for something else, it falls among the things of enjoyment and pleasure, I consider that there is something more important than that, like fulfilling the main things, and if you are the head of the family, even more so, things must be done well if not You will encounter financial problems that are difficult to solve, so if I see that someone says that they only have $1 just to play, I respect it, although I imagine that that 1% will go away in a single game session because that is how you start.

[Rabata]

the reality here is that most gamblers rnt theoriticaly set out an amount they wouldn't gamble above but in reality they end up gambling based  on thier mode an nature of the game for the day.

I know a gambler friend of mine who often makes various calculations in gambling especially in determining his money but in reality he spends much more than his budgeted amount. Such an approach would not allow a gambler to play a role in risk reduction if he cannot self-regulate. If a gambler wins by placing 1 percent bet, the amount of profit must be very similar. I don't think gambling is effective for a gambler who wants to avoid risk. The more risk a gambler can take, the more he can enjoy gambling.

[wxa7115]

the reality here is that most gamblers rnt theoriticaly set out an amount they wouldn't gamble above but in reality they end up gambling based  on thier mode an nature of the game for the day.

I know a gambler friend of mine who often makes various calculations in gambling especially in determining his money but in reality he spends much more than his budgeted amount. Such an approach would not allow a gambler to play a role in risk reduction if he cannot self-regulate. If a gambler wins by placing 1 percent bet, the amount of profit must be very similar. I don't think gambling is effective for a gambler who wants to avoid risk. The more risk a gambler can take, the more he can enjoy gambling.

Your friend is engaging in an act of self-deception, as he seems to be taking the right steps to restrain himself while gambling, but when the time comes he refuses to follow the budget he set for himself and gambles way more than that.

However by doing all of that he can at least claim he is making an attempt to correct his behavior, but instead this is just a smokescreen to keep gambling as much as he wants, while avoiding the criticism that others may bring his way by being an irresponsible gambler.

[Pi-network314159]

Gambling with %1 to each of your stake is just like the usual singling of bet, where you play by staking each of the game separately which mean if any of them play there is a chance of winning step by step. I have been playing such game for some time now because of frequent lost in multiple. But gambling is most impossible to win. Even if you stake 10 single games 2 or 3 might turns out to play, while the rest 8 will fail and you'll be speachless. Gambling is one of theost difficult task of brain calculation.

[nullama]

Gambling with %1 to each of your stake is just like the usual singling of bet, where you play by staking each of the game separately which mean if any of them play there is a chance of winning step by step. I have been playing such game for some time now because of frequent lost in multiple. But gambling is most impossible to win. Even if you stake 10 single games 2 or 3 might turns out to play, while the rest 8 will fail and you'll be speachless. Gambling is one of theost difficult task of brain calculation.

At the end of the day it's all about probabilities.

The expected value of most gambling bets is negative.

This means that the most probable outcome will be for you to lose money.

Based on the title, I can assume that OP doesn't care about losing 1%, and might be happy earning something.

The thing is that there will probably be other investments with a better return than negative.

Unless of course OP wants to have fun with this, and can happily lose the 1%

[masulum]

-snip
Unless of course OP wants to have fun with this, and can happily lose the 1%

1% is the safest number to use in gambling for those with low and high incomes. Losing 1% in a week, maybe will not make a gambler regret about it. However, if gambler lose 40% in a week, this is no longer a have fun and i think low budget gambler will regret about his loss. That's why, the suggestion of 1-5% is the safest. but emotional control and management have an important role for gambler to keep their consistency in applying the 1%. Of course, this number can be very small and it could be said it is less possible to expect big wins from 1% if the gambler's income is less than $500 per month.

[nullama]

~snip~
1% is the safest number to use in gambling for those with low and high incomes. Losing 1% in a week, maybe will not make a gambler regret about it. However, if gambler lose 40% in a week, this is no longer a have fun and i think low budget gambler will regret about his loss. That's why, the suggestion of 1-5% is the safest. but emotional control and management have an important role for gambler to keep their consistency in applying the 1%. Of course, this number can be very small and it could be said it is less possible to expect big wins from 1% if the gambler's income is less than $500 per month.

But then you end up with posts here in the lines of "I could have won more" when they actually win a bet with their 1%.

It's usually the same, people wanted to bet more when they win, and bet less when they lose.

The reality is that you never know what's going to happen.