Risking 1% in Gambling

[carlfebz2]

~snip~
For those that may want to find out exactly how high their bet needs to be so they can obtain the most profits with it, obviously this assumes the person in question has a way to beat the casinos already, a good way to do this is with the Kelly Criterion.

The Kelly Criterion allows a gambler or a trader to determine how high their bet or their position should be to obtain the most profits, and while like any other formula, it has its critics, you can do a lot worse than to apply the Kelly Criterion.

The amount of money you bet is basically a multiplier of the odds the casino is playing.

So, even if you bet $1, you will have the same odds as if you gambled $100 or one thousand.

At the end of the day it is just probabilities, and the maximum you can get is basically the maximum you can bet in that game.

Of course, the flip-side to that is that betting the maximum also maximizes the amount you can lose, and the odds are against you, so you will most probably lose it.

This is what other people would be have in mind on which they would really be that assuming things to be that the same when it comes to odds of winning on which it is really that actually true.
This is what that would really be pushing for them to play even more because they do know that odds is odds on hitting up something a winning roll or bet. Risking out 1% out of your
monthly salary isnt really that a bad approach and control that you could really be having because having limits would really be that signifying that you are really that in good control with
your gambling activity on which it is really that a good step for you to be able to avoid up such possible potential problems in the future.

1% is really that actually small honestly on which if you are someone who do earn that small and getting on 1% of it then i doubt that the amount would be that significant.
For sure you wont really be able to make yourself that enjoy on that amount and you would really be tending to add up even more which is i highly doubt that.

[1715004329]

1715004329

[junder]

It's true that it can be done, in fact it has to be done when we gamble, so we have to be able to have self-control, whether it's our own rules that clearly don't lead to losses, or limiting the time and budget for gambling. And also responsibility for everything that happens because of it. actions taken on oneself. However, the fact that gambling can change people's thinking in just a short time is the problem, gambling easily influences the thinking of every gambler, many of whom change their gambling motives when they gamble. Initially they have a target where once they reach the target they will stop, but when they reach the target of course the temptation to gamble is strong so it influences their thinking to continue gambling because they want a bigger win. Many people don't have the strength to maintain their own rules, I'm sure all gamblers have felt this way.
It's true, we should only set aside a small amount of money for gambling, the main thing to pay attention to is needs like you said, namely food, medicine, or paying bills here and there and this and that. and if all of that can be said to be safe and there is still money left over then there is no problem in betting it on gambling. Don't gamble with unmet needs.

We should be able to manage our finances well, manage our finances well or in other words be able to meet our needs, which we should prioritize first, because in my opinion there are also people who don't gamble but their needs are often not met while the income they get is is more than enough, and that's because they can't manage their finances well, tend to spend money as they please, don't think about it and don't consider it first, and I think people like this have fleeting thoughts. when they have money they only think they can buy what they want, but don't pay attention to their exact needs first, only prioritizing desires, not needs, so it is very important that we manage our finances very carefully.

You claim self-control is important, yet gambling contradicts that, right? Setting goals is a facade that will fall. Why? Humans aren't created for "stop while you're ahead" mentality. More, more, more. They, yes, they, think they're in control, setting aside "just enough" for gambling, but isn't that just a self-deception?

You're bold to suggest putting needs before wants. However, gamblers' minds blur those lines fast! They and we start with rules, but the game transforms us, right? Psychological warfare, and guess what? Most are unprepared. Talking about money management is just the beginning. The pursuit and pleasure are more important than the money

And society? It's like a bystander watching the train wreck without helping. This epidemic of choosing wants over needs and living in the today without thinking about tomorrow affects more than just gamblers. The culture of quick satisfaction over long-term planning is the problem. What's the exit? Awareness. Acknowledgment. Action. Both personal and collective. We must change the narrative to build resilience, not regulations

It's true, but do you think that self-control in gambling is not important?
setting aside a little money to gamble, in my opinion it is not self-deception, but something that must be done, because why should we do that? In reality, we have to survive and survive by fulfilling our needs. prioritize and prioritize needs don't try to set aside a lot of money in gambling. with the many cases that have occurred regarding the bad effects of gambling, I think we can use it as a lesson for ourselves so that the same thing doesn't happen by not spending a lot of money on gambling. Do you think wants are more important than needs?
Indeed, the statement that games can change us mentally, and that is because we cannot accept the reality of what happens with gambling and this may also be because we are too hopeful about gambling which can give us a definite win. Therefore, we must be able to see the clear facts that will happen in the gambling we do, and by not doing excessive gambling, such as spending a lot of money just for gambling. Setting aside a little of the income earned can be done if we don't expect more from gambling.

when they have wrong thoughts obviously gambling will change them too as time goes by. including those who only think about gambling, not thinking about the bad impacts or the risk of losing more money. instead of wanting to recover losses, in reality they become increasingly miserable instead of for pleasure, but everything can change when thinking is no longer clear. and in the end they become addicted to gambling, which is a difficult thing to recover from, to be able to recover of course they have to be aware of it themselves, but for them to be able to realize and admit it and then take action for recovery is very difficult, many gamblers fail with the recovery process.

[adpinbr]

Yes, I will actually tell you that it is a smart move. If only you use just 1% or even up to 5% of your gambling post because it will enable you. We stand the pressure of your loss. It affect your mental health that your money is going down Before you lose more and more you would definitely have a little profit that will cover up everything you have lost most people don’t usually follow this strategy some people gamble everything in the portfolio some people gamble 50% some people even gamble everything and add more for their own personal money from their bank to gamble it’s not just a wise idea. Gambling is not competition is something that someone do wisely .

[pawel7777]

Risking out 1% out of your monthly salary isnt really that a bad approach and control that you could really be having because having limits would really be that signifying that you are really that in good control with your gambling activity on which it is really that a good step for you to be able to avoid up such possible potential problems in the future.
(...)

I'm failing to understand the benefits of the 1% rule. Even if its main goal was to be a control measure to prevent gambler from incuring an excessive loss, it's not really effective in this area as the only limit is 1% per bet which does not prevent player from betting hundreds of bets in a short time frame.
But is the purpose of that rule is to increase profitability then it's even worse. As I mentioned previously, are simplistic rule like that won't work well as it doesn't consider all other factors.

[hyudien]

Yes, I will actually tell you that it is a smart move. If only you use just 1% or even up to 5% of your gambling post because it will enable you. We stand the pressure of your loss. It affect your mental health that your money is going down Before you lose more and more you would definitely have a little profit that will cover up everything you have lost most people don’t usually follow this strategy some people gamble everything in the portfolio some people gamble 50% some people even gamble everything and add more for their own personal money from their bank to gamble it’s not just a wise idea. Gambling is not competition is something that someone do wisely .

You have to do this by adjusting your abilities, because if you do it too much, it will only make your mind confused, maybe what will happen is pressure that we cannot accept, which can trigger stress. Of course, excessive pressure will affect your mental health. In my opinion, risking 1% on gambling will not be a problem if we can control ourselves well, because if we cannot control ourselves well then everything is the same, the possibility that will happen is that we gamble again after experiencing defeat.
I agree with you, gambling is not a competition and is not a way to make money for sure, gambling is just a game which has a bad impact if we respond to it wrongly, like responding to it is the same as a means of making money for sure, of course if that's the case what will happen is losing a lot just money and it affects our mentality. There are also many cases of people committing suicide due to excessive stress due to excessive gambling.

[Slow death]

I had already commented on this idea or strategy of using 1% of winnings to bet or play in casinos, not being a good idea or strategy for the simple fact that there are cases of people who earn $100 in salary per month, in that case if the If a person took 1% to play per month, then the person would have 1$ to play per month, how the hell would it be possible to use 1$ to play per month? no one would be satisfied with 1$ to play for 1 month. That's why I say this 1% strategy doesn't work. The ideal is for each person to take their monthly income and pay all the bills first, then look at the money they have left and start analyzing what things they want to do for fun that month and how much money they will spend on each thing they want. Gonna have fun that month

Once this is done, you can then look at the money that remains and allocate it to gambling, because gambling is a very different type of entertainment from other entertainment that exists. For example, a person who has a wife and children, at the end of the month they pay all the bills and the money is allocated for fun, they choose places to have fun, but the husband wants to have fun in the casinos, he won't be able to go to the casinos and leave his wife and children. Therefore, he will have to allocate a larger amount of money to other things that his wife and children can have fun with and he will play with little money and with a lot of moderation because if he spends too much time at the casino he will lead to fights with his wife.

[Rabata]

Yes, I will actually tell you that it is a smart move. If only you use just 1% or even up to 5% of your gambling post because it will enable you. We stand the pressure of your loss. It affect your mental health that your money is going down Before you lose more and more you would definitely have a little profit that will cover up everything you have lost most people don’t usually follow this strategy some people gamble everything in the portfolio some people gamble 50% some people even gamble everything and add more for their own personal money from their bank to gamble it’s not just a wise idea. Gambling is not competition is something that someone do wisely .

When a person or gambler tries to get more money from gambling, the amount of money used in gambling will increase. And when the amount of money used in gambling increases, he will naturally move away from gambling. His greed will increase and he will rush towards addiction. Using a small amount of money in gambling allows a gambler to engage in risk free gambling which results in a gambler making better decisions. If a gambler bets up to 10 percent of their income on gambling I think they can practice responsible gambling. If the amount of money less used, the amount of risk will also be reduced.

[wxa7115]

Risking out 1% out of your monthly salary isnt really that a bad approach and control that you could really be having because having limits would really be that signifying that you are really that in good control with your gambling activity on which it is really that a good step for you to be able to avoid up such possible potential problems in the future.
(...)

I'm failing to understand the benefits of the 1% rule. Even if its main goal was to be a control measure to prevent gambler from incuring an excessive loss, it's not really effective in this area as the only limit is 1% per bet which does not prevent player from betting hundreds of bets in a short time frame.
But is the purpose of that rule is to increase profitability then it's even worse. As I mentioned previously, are simplistic rule like that won't work well as it doesn't consider all other factors.

The 1% rule is not supposed to be used for each individual bet, but the overall budget that a person should assign to their gambling hobby, so once 1% of their income is lost that person should stop gambling for the whole month.

So a person following that strategy should in fact save themselves a great deal of money, since the losses they may suffer will be very low, however I am not so sure those that really like to gamble will be happy to downsize their budget to that amount.

[slapper]

Yes, I will actually tell you that it is a smart move. If only you use just 1% or even up to 5% of your gambling post because it will enable you. We stand the pressure of your loss. It affect your mental health that your money is going down Before you lose more and more you would definitely have a little profit that will cover up everything you have lost most people don’t usually follow this strategy some people gamble everything in the portfolio some people gamble 50% some people even gamble everything and add more for their own personal money from their bank to gamble it’s not just a wise idea. Gambling is not competition is something that someone do wisely .

You have to do this by adjusting your abilities, because if you do it too much, it will only make your mind confused, maybe what will happen is pressure that we cannot accept, which can trigger stress. Of course, excessive pressure will affect your mental health. In my opinion, risking 1% on gambling will not be a problem if we can control ourselves well, because if we cannot control ourselves well then everything is the same, the possibility that will happen is that we gamble again after experiencing defeat.
I agree with you, gambling is not a competition and is not a way to make money for sure, gambling is just a game which has a bad impact if we respond to it wrongly, like responding to it is the same as a means of making money for sure, of course if that's the case what will happen is losing a lot just money and it affects our mentality. There are also many cases of people committing suicide due to excessive stress due to excessive gambling.

Your comment about altering abilities is spot-on. The key is profound comprehension of one's limits and talents, not just adjustment. Do you think pushing oneself mentally causes chaos and confusion? Balance is what the mind, a magnificently intricate organism, needs, not overwhelming waves of excess pressure that cause stress and despair

Gambling is a mirage that too many chase into the emptiness. Your 1% risk rule? It's a razor's edge between control and disaster. The key is self-control, which many struggle with because the pleasure of the risk often overshadows the reality of loss and emotional suffering

The sadness of individuals forced to give up on lost wagers serves as a sharp reminder of the worst consequences of gambling. More than money is lost; lives and potential are destroyed. Thus, the call to arms is awareness and accountability, to see gambling as a mental health risk as well as a financial risk

[EarnOnVictor]

Risking out 1% out of your monthly salary isnt really that a bad approach and control that you could really be having because having limits would really be that signifying that you are really that in good control with your gambling activity on which it is really that a good step for you to be able to avoid up such possible potential problems in the future.
(...)

I'm failing to understand the benefits of the 1% rule. Even if its main goal was to be a control measure to prevent gambler from incuring an excessive loss, it's not really effective in this area as the only limit is 1% per bet which does not prevent player from betting hundreds of bets in a short time frame.
But is the purpose of that rule is to increase profitability then it's even worse. As I mentioned previously, are simplistic rule like that won't work well as it doesn't consider all other factors.

Your concern is certainly genuine and factual, if you risk too little, you gain too little, and this could be frustrating to the point that you will just be gambling but have nothing to show for it. It gets worse when you are such that are gambling with a very low amount of money, you can imagine what the 1% would result in in that sense. Just like the person who is gambling with $50 in his account, he can't be gambling more than $0.5, which is a very low amount of money that some gambling sites may not even allow you to play a bet with. But for the person gambling with at least $50,000, they can still be wagering with a $500 per bet, which is still very much okay.

Now, the question is, how many people can have as much as $50,000 in their betting account? This makes this kind of approach to be shocky, it can't be good for anyone who wants to make money from gambling but those who are gambling for fun. It would be so lovely if one could practise this when they do not want to gamble for the money but for the entertainment. They will be gambling many times and still not lose their money, and yet have that needed fun in full.

[LUCKMCFLY]

Risking out 1% out of your monthly salary isnt really that a bad approach and control that you could really be having because having limits would really be that signifying that you are really that in good control with your gambling activity on which it is really that a good step for you to be able to avoid up such possible potential problems in the future.
(...)

I'm failing to understand the benefits of the 1% rule. Even if its main goal was to be a control measure to prevent gambler from incuring an excessive loss, it's not really effective in this area as the only limit is 1% per bet which does not prevent player from betting hundreds of bets in a short time frame.
But is the purpose of that rule is to increase profitability then it's even worse. As I mentioned previously, are simplistic rule like that won't work well as it doesn't consider all other factors.

The 1% rule is not supposed to be used for each individual bet, but the overall budget that a person should assign to their gambling hobby, so once 1% of their income is lost that person should stop gambling for the whole month.

So a person following that strategy should in fact save themselves a great deal of money, since the losses they may suffer will be very low, however I am not so sure those that really like to gamble will be happy to downsize their budget to that amount.

What you say is very true, but basically things can be very difficult for some who cannot even bet 1% because perhaps the expenses and obligations are very high , very Strong and this can cause much more reduction of expenses So if a person tells me that he plays with only 1% of his monthly income, it is something that I once again think is a responsible person, because he places the casino's activity in the position it should be, he is not putting it First of all, if he is not putting it in a Place where the main Importance is the basic cats, this seems to me like he is a responsible person.

In many Ways, playing in a Casino can seem like a Luxury , Something that not everyone has, some will say that it is too little money, but we don't know if that 1% of people are Stopping going out to eat ice cream with their family, or at least go for a walk in the park, that is something that we must consider when faced with any type of Criticism that may be made.

We, as players, always want to have a lot of money to spend on Something , because we like it, because we can be passionate about i t, but we are people who, Even before giving ourselves over to fun, have to fulfill our obligations.

[Accardo]

Yes, I will actually tell you that it is a smart move. If only you use just 1% or even up to 5% of your gambling post because it will enable you. We stand the pressure of your loss. It affect your mental health that your money is going down Before you lose more and more you would definitely have a little profit that will cover up everything you have lost most people don’t usually follow this strategy some people gamble everything in the portfolio some people gamble 50% some people even gamble everything and add more for their own personal money from their bank to gamble it’s not just a wise idea. Gambling is not competition is something that someone do wisely .

When a person or gambler tries to get more money from gambling, the amount of money used in gambling will increase. And when the amount of money used in gambling increases, he will naturally move away from gambling. His greed will increase and he will rush towards addiction. Using a small amount of money in gambling allows a gambler to engage in risk free gambling which results in a gambler making better decisions. If a gambler bets up to 10 percent of their income on gambling I think they can practice responsible gambling. If the amount of money less used, the amount of risk will also be reduced.

The amount of money a gambler spends depends on the weight of his income. Players with higher income can decide to shift it up to 5% or more, which amounts to a huge amount of money for a low roller. For a high roller, it's fine to wager such an amount per month, a low roller who wishes to try it out may end up regretting his actions. Because his bankroll will run dry. Hence, as a player, it's crucial to understand that the income earned plays a vital role in gambling. Wagering an amount quite too big to affect our financial stability, isn't right. The money could be lost, and the long night thoughts begin. Stabilizing and maintaining how money is spent while gambling boosts the confidence never to worry about losing the money. If he loses, he's not affected, as it's a spare cash.

Gambling with a smart strategy creates a vision for a gambler to observe the game he's into. At some point, if he wishes to embark on a risky session, he can do that calculative. Maybe accumulated spare cash is enough to multiply the game to a high amount. However, it's risky, but not enough to affect the emotions of the players, as he's ready for any outcome. Some players who wager a whole part of their money, face the trouble of dealing with loss. On a lucky day, they may also win big. Yet what matters is being able to withhold the funds after the big win. Not spending back into the game, helps the player at least to take a rest outside of the casino and enjoy his winnings.

[Porfirii]

-snip-

Gambling with a smart strategy creates a vision for a gambler to observe the game he's into. At some point, if he wishes to embark on a risky session, he can do that calculative. Maybe accumulated spare cash is enough to multiply the game to a high amount. However, it's risky, but not enough to affect the emotions of the players, as he's ready for any outcome. Some players who wager a whole part of their money, face the trouble of dealing with loss. On a lucky day, they may also win big. Yet what matters is being able to withhold the funds after the big win. Not spending back into the game, helps the player at least to take a rest outside of the casino and enjoy his winnings.

You mentioned some great ideas in this paragraph that all gamblers should take into account:

- Calculated risk avoids being affected by emotions.

- We usually forget to enjoy our winnings instead of spending them back in the casino.

However, I'd like to remember that the OP wasn't talking about spending a percentage of his salary, which could lead to emotional distress if it is too high, but about a percentage of his separated money for gambling in each bet.

[adpinbr]

Yes, this is actually correct because if you don’t set a particular amount that you are supposed to use for gambling from your portfolio, you end up losing everything because of the greedy sometimes we actually win couple of times, but we always want to win more and it makes us put more money on it, the only option, which is the truth for everyone to know as a gambler or someone intend to start gambling in future should know that setting a particular amount or percent for gambling should be the best decision even when you want to start for the first time you don’t need to use more than 5% money from your monthly payment, you should at least use between 1  to 5% so that if you lost it will be a problem because what you are doing is risk.

[hyudien]

You have to do this by adjusting your abilities, because if you do it too much, it will only make your mind confused, maybe what will happen is pressure that we cannot accept, which can trigger stress. Of course, excessive pressure will affect your mental health. In my opinion, risking 1% on gambling will not be a problem if we can control ourselves well, because if we cannot control ourselves well then everything is the same, the possibility that will happen is that we gamble again after experiencing defeat.
I agree with you, gambling is not a competition and is not a way to make money for sure, gambling is just a game which has a bad impact if we respond to it wrongly, like responding to it is the same as a means of making money for sure, of course if that's the case what will happen is losing a lot just money and it affects our mentality. There are also many cases of people committing suicide due to excessive stress due to excessive gambling.

Your comment about altering abilities is spot-on. The key is profound comprehension of one's limits and talents, not just adjustment. Do you think pushing oneself mentally causes chaos and confusion? Balance is what the mind, a magnificently intricate organism, needs, not overwhelming waves of excess pressure that cause stress and despair

Gambling is a mirage that too many chase into the emptiness. Your 1% risk rule? It's a razor's edge between control and disaster. The key is self-control, which many struggle with because the pleasure of the risk often overshadows the reality of loss and emotional suffering

The sadness of individuals forced to give up on lost wagers serves as a sharp reminder of the worst consequences of gambling. More than money is lost; lives and potential are destroyed. Thus, the call to arms is awareness and accountability, to see gambling as a mental health risk as well as a financial risk

Obviously forcing yourself to gamble isn't a good thing, right?
Is forcing yourself to continue gambling good, friend?
I don't think so, indeed we have to have a balance, in gambling of course this is necessary, we have to be able to balance the time for gambling and the budget for gambling, because of course that will help us avoid things we don't want, such as big losses. , because many people gamble and experience big losses, they gamble without having set limits.
you mentioned the key is deep understanding, and then you said the key is self-control. In my opinion, just saying self-control says it all. What is clear is that we should not gamble excessively, bet according to our abilities. do not gamble beyond our means, because it will be a disaster. Don't let us gamble too much so that we experience our own losses.

[UchihaSarada]

Yes, the 1% Risking strategy is suitable for high-risk types of businesses or games. Some people will accept a higher level of risk, but I think 1% is quite suitable to help us more easily manage our accounts. It helps us minimize risks to the lowest level, and does not affect our total capital, thereby making our playing psychology more comfortable.
However, it must be added that this is just a tool to help manage risk in gambling, we need to combine it with knowledge, skills and analysis to achieve the best possible results.

[slapper]

Yes, I will actually tell you that it is a smart move. If only you use just 1% or even up to 5% of your gambling post because it will enable you. We stand the pressure of your loss. It affect your mental health that your money is going down Before you lose more and more you would definitely have a little profit that will cover up everything you have lost most people don’t usually follow this strategy some people gamble everything in the portfolio some people gamble 50% some people even gamble everything and add more for their own personal money from their bank to gamble it’s not just a wise idea. Gambling is not competition is something that someone do wisely .

When a person or gambler tries to get more money from gambling, the amount of money used in gambling will increase. And when the amount of money used in gambling increases, he will naturally move away from gambling. His greed will increase and he will rush towards addiction. Using a small amount of money in gambling allows a gambler to engage in risk free gambling which results in a gambler making better decisions. If a gambler bets up to 10 percent of their income on gambling I think they can practice responsible gambling. If the amount of money less used, the amount of risk will also be reduced.

The amount of money a gambler spends depends on the weight of his income. Players with higher income can decide to shift it up to 5% or more, which amounts to a huge amount of money for a low roller. For a high roller, it's fine to wager such an amount per month, a low roller who wishes to try it out may end up regretting his actions. Because his bankroll will run dry. Hence, as a player, it's crucial to understand that the income earned plays a vital role in gambling. Wagering an amount quite too big to affect our financial stability, isn't right. The money could be lost, and the long night thoughts begin. Stabilizing and maintaining how money is spent while gambling boosts the confidence never to worry about losing the money. If he loses, he's not affected, as it's a spare cash.

Gambling with a smart strategy creates a vision for a gambler to observe the game he's into. At some point, if he wishes to embark on a risky session, he can do that calculative. Maybe accumulated spare cash is enough to multiply the game to a high amount. However, it's risky, but not enough to affect the emotions of the players, as he's ready for any outcome. Some players who wager a whole part of their money, face the trouble of dealing with loss. On a lucky day, they may also win big. Yet what matters is being able to withhold the funds after the big win. Not spending back into the game, helps the player at least to take a rest outside of the casino and enjoy his winnings.

5% for high rollers, devastating gambles for low rollers; it's just numbers until it's not. Gambling isn't about calculating risk or spare cash. Understanding the harsh reality that any wager can lead to financial catastrophe, regardless of income, is necessary

The mirage of "spare cash" gaming is harmful. Gamble with money you can lose, but don't think it's fun. The thrill ride might rapidly go awry. Smart approach sounds like a gambling safety net. No strategy can outwit the house edge over time

Enjoying gains outside the casino is another approach. How many do? Many are drawn to reinvest winnings. Win-lose-repeat is a mental trap. It's about the chase, excitement, and elusive big win that's always one bet away, not simply the money. Real strategy? Recognizing the game as a well-designed scheme to steal your money, sparingly

[carlfebz2]

Risking out 1% out of your monthly salary isnt really that a bad approach and control that you could really be having because having limits would really be that signifying that you are really that in good control with your gambling activity on which it is really that a good step for you to be able to avoid up such possible potential problems in the future.
(...)

I'm failing to understand the benefits of the 1% rule. Even if its main goal was to be a control measure to prevent gambler from incuring an excessive loss, it's not really effective in this area as the only limit is 1% per bet which does not prevent player from betting hundreds of bets in a short time frame.
But is the purpose of that rule is to increase profitability then it's even worse. As I mentioned previously, are simplistic rule like that won't work well as it doesn't consider all other factors.

Your concern is certainly genuine and factual, if you risk too little, you gain too little, and this could be frustrating to the point that you will just be gambling but have nothing to show for it. It gets worse when you are such that are gambling with a very low amount of money, you can imagine what the 1% would result in in that sense. Just like the person who is gambling with $50 in his account, he can't be gambling more than $0.5, which is a very low amount of money that some gambling sites may not even allow you to play a bet with. But for the person gambling with at least $50,000, they can still be wagering with a $500 per bet, which is still very much okay.

Now, the question is, how many people can have as much as $50,000 in their betting account? This makes this kind of approach to be shocky, it can't be good for anyone who wants to make money from gambling but those who are gambling for fun. It would be so lovely if one could practise this when they do not want to gamble for the money but for the entertainment. They will be gambling many times and still not lose their money, and yet have that needed fun in full.

One thing that would be mainly be on your mind, if you do bet less or little then you win little and t his is where you would really be thinking up on adding more.  

Actually there's no harm on sticking on that 1% even if we do say that those amounts would really be just that peanut consdering not all would really be that hundreds of thousands kind of earning or thousands
on which those 1% would really be something significant. If you do earn up $100 a month then that would really be just a buck on playing on which there's no really sense at all.
The main idea on where is that you should be only playing on the amount on which you can afford to lose without affecting big with the salary you do have.

With this kind of percentage or even lets say 5% on maximum then i wont really be seeing this to be giving a huge impact into your finances.
Just make yourself that responsible then youre good to go.

[GigaBit]

I had already commented on this idea or strategy of using 1% of winnings to bet or play in casinos, not being a good idea or strategy for the simple fact that there are cases of people who earn $100 in salary per month, in that case if the If a person took 1% to play per month, then the person would have 1$ to play per month, how the hell would it be possible to use 1$ to play per month? no one would be satisfied with 1$ to play for 1 month. That's why I say this 1% strategy doesn't work. The ideal is for each person to take their monthly income and pay all the bills first, then look at the money they have left and start analyzing what things they want to do for fun that month and how much money they will spend on each thing they want. Gonna have fun that month

You have marked a logical point. A gambler can never be satisfied in gambling with 1 percent of income. Because there are many low income people who gamble and they spend a large part of their income on gambling. According to me a person who understands gambling or is attracted to gambling needs minimum 10% or more money otherwise he cannot gamble. As you said, how can he gamble with 1% of his income on $100. Because depositing $1 on some online gambling platforms will cost $1 or more, which is almost impossible. If he has $100 monthly income and deposits 10 percent in gambling every month, then he can manage gambling. Although that amount is very little.

If a gambler is not addicted and if he is gambling the money left over after meeting the family expenses it will not have much effect either. But regardless of income, if a gambler spends 20% of their income on gambling, I think he can practice responsible gambling. However, due to various reasons, it is difficult to follow the rules in gambling. But if one wants to control himself, he must conduct responsible gambling as possible.

[doomloop]

Yes, the 1% Risking strategy is suitable for high-risk types of businesses or games. Some people will accept a higher level of risk, but I think 1% is quite suitable to help us more easily manage our accounts. It helps us minimize risks to the lowest level, and does not affect our total capital, thereby making our playing psychology more comfortable.
However, it must be added that this is just a tool to help manage risk in gambling, we need to combine it with knowledge, skills and analysis to achieve the best possible results.

Knowledge, skills, and analysis? Are you talking about gambling games or sports betting? In gambling games, nothing other than luck is required apart from a few games where you might need to have some skills such as Poker, but all other gambling games would require you to be lucky and that is enough for you to win.

When we talk about sports betting, that is where you need knowledge, a lot of it, and skills, and it is icing on the cake if you have experience as well because you can use your knowledge and experience to make the best bets so that you can win most of the bets that you make.