How much of my salary should I use to gamble

[Pandu Geddon]

Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work,  so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble?

If you are an employee and single, I recommend first saving 50-60% of your salary every month until you have enough to start your own business. the rest is for living needs including for fun. In this case includes the budget for betting in gambling. Of course, you can share it yourself based on your needs.
If you have determined your safe financial limits, then keep playing with a clear mind to be consistent with your limits. The decision is up to you, and you really know the financial limits that you can use in gambling.

[ChiBitCTy]

As I often mention here on bitcointalk, do not take financial advice from those whom aren't qualified to give it (which is the vast majority of people here).  That being said, gambling really shouldn't be anything more than a fun bit of entertainment to most people, like going to a movie for example.  So for most people there really probably shouldn't be a set "percentage" of your salary that is used, rather just a dollar amount you're willing to lose, weekly, monthly or whatever.

[hedgeh0g]

As I often mention here on bitcointalk, do not take financial advice from those whom aren't qualified to give it (which is the vast majority of people here).  That being said, gambling really shouldn't be anything more than a fun bit of entertainment to most people, like going to a movie for example.  So for most people there really probably shouldn't be a set "percentage" of your salary that is used, rather just a dollar amount you're willing to lose, weekly, monthly or whatever.

Of course, no one will follow the exact advice and save as a percentage of their salary, because gambling itself implies playing on the player’s emotions. The player then performs various actions that he should not do, for example, after a series of losses, he will want to bet again due to the fact that he cannot be such a big loser. And it will happen again, and then in a rage he will collect all the money he can get and bet it all on red, and POOF and now he is already in debt for several years. This happens easier than lighting a match, but many do not want to understand this. I have simpler settings, I just play for a certain amount and if I lose it, then I don’t have to play for a long time, it could even be several weeks, and after I can afford it again, then I go and place bets if I feel like it want it.

[Lanatsa]

As I often mention here on bitcointalk, do not take financial advice from those whom aren't qualified to give it (which is the vast majority of people here).  That being said, gambling really shouldn't be anything more than a fun bit of entertainment to most people, like going to a movie for example.  So for most people there really probably shouldn't be a set "percentage" of your salary that is used, rather just a dollar amount you're willing to lose, weekly, monthly or whatever.

Of course, no one will follow the exact advice and save as a percentage of their salary, because gambling itself implies playing on the player’s emotions. The player then performs various actions that he should not do, for example, after a series of losses, he will want to bet again due to the fact that he cannot be such a big loser. And it will happen again, and then in a rage he will collect all the money he can get and bet it all on red, and POOF and now he is already in debt for several years. This happens easier than lighting a match, but many do not want to understand this. I have simpler settings, I just play for a certain amount and if I lose it, then I don’t have to play for a long time, it could even be several weeks, and after I can afford it again, then I go and place bets if I feel like it want it.

There would be a couple of factors on which it would really be affecting your decision making specially on the amount that you would really be spending up some funds towards gambling activity.
On which you are right that when it comes to percentage then it could really be tentative because we know that there are moments or times that you would really be that become impulsive on the moment you are losing on which the primary thing that you would be having in mind that you would be needing to deposit more so that you could potentially be able to get those loses back on which its a common reaction that you will be making. As long you do have funds or money in your pocket then the probability is really there when it comes to potential spending more on what you have set out earlier.

This is why it does really need up that extreme self control and discipline when you are tending to play gambling because setting out those rules earlier could really be altered out
basing up on the emotions that you are really that feeling on that particular moment or time.

[Porfirii]

As I often mention here on bitcointalk, do not take financial advice from those whom aren't qualified to give it (which is the vast majority of people here).  That being said, gambling really shouldn't be anything more than a fun bit of entertainment to most people, like going to a movie for example.  So for most people there really probably shouldn't be a set "percentage" of your salary that is used, rather just a dollar amount you're willing to lose, weekly, monthly or whatever.

Of course, no one will follow the exact advice and save as a percentage of their salary, because gambling itself implies playing on the player’s emotions. The player then performs various actions that he should not do, for example, after a series of losses, he will want to bet again due to the fact that he cannot be such a big loser. And it will happen again, and then in a rage he will collect all the money he can get and bet it all on red, and POOF and now he is already in debt for several years. This happens easier than lighting a match, but many do not want to understand this. I have simpler settings, I just play for a certain amount and if I lose it, then I don’t have to play for a long time, it could even be several weeks, and after I can afford it again, then I go and place bets if I feel like it want it.

That's the clue: many people won't understand it, even if the best financial advice ever is given. Chances are that the OP only wants to hear a certain percentage, but gambling is not an investment, and it is not like when you say to someone "you should save at least 30% of your salary" either.

It is positive, though, to set a limit, a red line, a roof. But not a floor. The perspective is important.

[Rockstarguy]

Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work,  so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble?

You as a gambler you are suppose to know the amount of money that if you should play with that won't affect you and even if you only play with a little amount you rally need to have a limit of playing gambling because playing all the time is another way of losing money in gambling. If you really value your money and you want to achieve good things with money do not engage yourself so much I'm gambling because it will only make you ro become addicted that you won't be able to make any good plan with money, instead you would always want to do crazy things to play gambling.

[Zoomic]

Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work,  so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble?

You as a gambler you are suppose to know the amount of money that if you should play with that won't affect you and even if you only play with a little amount you rally need to have a limit of playing gambling because playing all the time is another way of losing money in gambling. If you really value your money and you want to achieve good things with money do not engage yourself so much I'm gambling because it will only make you ro become addicted that you won't be able to make any good plan with money, instead you would always want to do crazy things to play gambling.

I do not think OP really has a clue of what gambling is, because if he does he wouldn't be getting recommendations from us on how much he should gamble with. Gambling because everyone around you gambles is not actually a good reason for deciding to gamble. This is a pure case of societal influence and we just hope that the society doesn't push him into becoming a bad gambler in the future.

However if he must gamble, he should not exceed 5% of his monthly income. The percentage to set aside largely depends on his financial status and household responsibilities. He shouldn't be so interested in gambling when their are bills to pay with that 5%. Gambling is not for the weak, I just hope OP is really prepared to be a gambler.

[n0ne]

I don't suggest allocating any percentage for gambling. To me, it is good to have patience and meet the month's needs. Further, if you've got anything in excess, you can spend 5% to the maximum. If you find yourself on the winning side, you should have the self-control to quit or stop the session for the day, week, or month. This practice will help you have a better gambling experience without big losses.

There are people who wait for a month to receive their salary in their account, and soon after it gets credited, they start to gamble. Some find luck and stop at the right time and take an exit, whereas most don't win and lose their entire salary. After losing it, they continue to borrow from friends and family to meet the month's needs. This shouldn't happen.

[zuzie]

That's why I say less than 5% is fine and 2% is more preferable because we have many things to fills in a month, especially for our family's needs. It's better if we don't playing gambling and only save that money for the urgent situation because we don't knows when we will gets in that situations.
Having a clear minds will be necessary so we don't playing gambling too often and only gambling if we really wants to have fun in gambling. We can use other things to have fun such as playing gaming or doing physical activities. 
I am sure that will help us to train our minds that having fun is not just playing gambling but with other physical things that can helps us to have a strong relationship with our family. We can prevents the will to playing gambling and will not gets tempts with the promotions that we see on gambling site.

The advice you say is indeed very correct to do, but the reality is that there are still many gamblers who are already trapped in a state of addiction so that their behavior and clear thinking will not be optimal in changing the nature of their addiction.
And if it is not yet included in the addiction category, it would be good if we slowly apply the advice you have said to gambling because it is a safe way and to prevent addictive behavior so that we gamble just for fun and are still consistent in betting. money there because the most important thing is to think about the family's needs first, play gambling if there is money left over.

[traderethereum]

basically we work to be able to meet our needs for one month, gambling is actually our own right, but what we have to pay attention to is that we have to be able to balance which money to use for needs or to throw away in terms of daily snacks such as gambling is one of them. when we have income generated from our own hard work,  we must use it in a good way it is not recommended to risk all the income generated from work, because gambling can only make us lose money, not make money. We must be able to separate money for needs and for things that are not too important.

Of course, we have to be able to limit the gambling we do, don't let it just get us into trouble. such as to avoid undesirable things such as large losses, or other things that lead to bad impacts. Even though we have income, we must be able to set limits when gambling so we don't gamble excessively.

If we work, we will gets salary to fills our needs in a month but we don't have to use that money to playing gambling. If he wants to playing gambling, he must knows how much the money he can use to playing gambling. He can use small money to playing gambling just to fills his free time to have fun in gambling but usually, when someone engage to gambling, he can forgets to stops and will use more money to gambling.
That's will not be a good idea because that can makes him becomes addicted to gambling soon as we knows that playing gambling can tempts us easily. Having a salary doesn't means we can use that for playing gambling, especially if he have many things to fills with that money.
Yes, limiting the gambling we do is a must to avoids the problems that can occurs. We must learn about limits our money so we don't have to gets a large losses.

The advice you say is indeed very correct to do, but the reality is that there are still many gamblers who are already trapped in a state of addiction so that their behavior and clear thinking will not be optimal in changing the nature of their addiction.
And if it is not yet included in the addiction category, it would be good if we slowly apply the advice you have said to gambling because it is a safe way and to prevent addictive behavior so that we gamble just for fun and are still consistent in betting. money there because the most important thing is to think about the family's needs first, play gambling if there is money left over.

Many gamblers doesn't understand about how to stay away from the addictions and still playing gambling aggressively without thinks about how if they lose much money. If they can thinks about that, they will not use more money to playing gambling and always be careful when gambling.
They knows that they must be able to avoids the addiction and not use their salary to playing gambling. They must knows what their priority first before they decides to playing gambling, especially playing gambling have risks.
They can have fun in gambling but it's better they search for the other things to fills their times and not just playing gambling. If they knows how to fills their times, they will not gets addicted to gambling because they will use other things to have fun.

[hyudien]

I don't suggest allocating any percentage for gambling. To me, it is good to have patience and meet the month's needs. Further, if you've got anything in excess, you can spend 5% to the maximum. If you find yourself on the winning side, you should have the self-control to quit or stop the session for the day, week, or month. This practice will help you have a better gambling experience without big losses.

There are people who wait for a month to receive their salary in their account, and soon after it gets credited, they start to gamble. Some find luck and stop at the right time and take an exit, whereas most don't win and lose their entire salary. After losing it, they continue to borrow from friends and family to meet the month's needs. This shouldn't happen.

I think that 5% is enough when this month's needs are met. What's more, of course we need income every day, whether it's to buy snacks or something else, even though gambling will definitely end in disappointing results, we must be able to control ourselves so as not to gamble excessively, such as by putting money back into gambling. The main thing is that we have to pay attention to our needs first, don't ignore our own needs for things that have uncertain results.
when they find luck, they should be able to stop by taking advantage of the luck they have obtained, don't waste the luck they have obtained. with so many of them experiencing the loss of a certain amount of money, we should be aware of this, so that we can take advantage of the luck that has given us victory. or will suffer the same fate as many people who lose money.

[bakasabo]

You are right, we are not sure how the set up will be done by OP? Is it daily gambling or once a month? because if 1% of the monthly salary is used daily for 30 days, the OP will end up spending a lot more because when you save that, it's like 30% of the monthly salary will be the total expense, maybe we'll just depend on the gambling set up how much or what percentage is possible for us to suggest to him.

If we just look on this case from mathematics point of view. Lets suppose OP earns $1000 per month. So he should spend only $10 per month (or per session, per day, we dont know it). I really doubt that it is possible to turn $10 into something significant from gambling. We even have a topic here that suggest to cash out our quit after doubling deposit. So we have a guy who earn $1000, that suppose to win $20 or +/- that amount and end with gambling till next salary? First of all, it is quite easy to lose those $10. Secondly, even if he earn $20 or be lucky to earn $30, with $1000 monthly salary, that is still nothing.

Yes I agree with your assumption about how much to bet on gambling, as you said if the person has an income of $1000 per month then the best money is to bet $10 of the salary on gambling but try to use the amount within a month before you get a salary again, or that means $10 for one month, because if $10 is only for one session then I think in the end it is clear that in a month they will definitely gamble more than once which means they have to spend more than $10, so the point is to set the amount for gambling expenses within a month before you get a salary again next month.

The point is that whoever you are and whatever your monthly income is, it is always recommended to allocate a small amount of money for gambling, none other than because the small amount will not make us feel objected when it turns out that at the end of the session we lose, meaning that betting a small amount will make it easier for you to be able to accept the fact of losing because as you said above that the amount is nothing or not too meaningful.

I think you get my idea wrong. The point was not to allocate the small amount or as low as possible, but a significant amount person can afford to lose. If you allocate a tiny amount, you wont feel any happiness from winning, or will run out of balance quick. And that might force you to deposit again, more. Such low balance gambler can have a "not enough" feeling after he run out of available allocated money.

[Bd officer]

Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work,  so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble?

It depends on you. You can gamble with what you can afford to lose. You might not lose as much money as someone else, so you can't gamble on someone else's advice. I don't know how much money do you earn? You can spend a small amount of your salary on gambling, let's say you can spend 4-5% of your monthly salary on gambling. But I will suggest you, you never become addicted to gambling, you can gamble for fun. Finally, don't be greedy and take too many risks. I also spend 4-5% of my monthly income on gambling for fun.

[junder]

basically we work to be able to meet our needs for one month, gambling is actually our own right, but what we have to pay attention to is that we have to be able to balance which money to use for needs or to throw away in terms of daily snacks such as gambling is one of them. when we have income generated from our own hard work,  we must use it in a good way it is not recommended to risk all the income generated from work, because gambling can only make us lose money, not make money. We must be able to separate money for needs and for things that are not too important.

Of course, we have to be able to limit the gambling we do, don't let it just get us into trouble. such as to avoid undesirable things such as large losses, or other things that lead to bad impacts. Even though we have income, we must be able to set limits when gambling so we don't gamble excessively.

If we work, we will gets salary to fills our needs in a month but we don't have to use that money to playing gambling. If he wants to playing gambling, he must knows how much the money he can use to playing gambling. He can use small money to playing gambling just to fills his free time to have fun in gambling but usually, when someone engage to gambling, he can forgets to stops and will use more money to gambling.
That's will not be a good idea because that can makes him becomes addicted to gambling soon as we knows that playing gambling can tempts us easily. Having a salary doesn't means we can use that for playing gambling, especially if he have many things to fills with that money.
Yes, limiting the gambling we do is a must to avoids the problems that can occurs. We must learn about limits our money so we don't have to gets a large losses.

There is also no obligation to invest your salary in gambling, because in my opinion, if it is for entertainment or in other words, everyone has their own thoughts about their level of enjoyment. not everyone who works and when they get their salary will put it into gambling, because each person's pleasure is different, I myself actually don't have a problem with those who use their salary money to gamble, but we have to be able to pay attention to which things are more important and which are less important. because it's true what you say, someone who even has limits can sometimes forget to stop because of the strong attraction of gambling.

Gambling does have a strong attraction and it is natural that many people are addicted to gambling because the lure of winning which is easy to obtain is one of the attractors for many people to gamble. When you gamble by investing a small amount of money and it ends in defeat, you should stop, you must be able to control yourself with the gambling you do, including limiting your gambling activities when you lose or even when you win.

[klidex]

I have noticed couple of times, that people suggest to spend 1% of monthly salary on gambling. Even though online gambling allows to make ridiculously small bets, wont 1% of monthly salary be to little to get the taste of gambling, if OP plans to gamble during whole month? I am saying that we dont know much about his motives. If it just a wish to gamble, or wish to have fun, or earn. 1% will be enough to gamble once per month and have fun. Based on the amount of salary, 1% out of 100% is really nothing. Even if OP gets lucky and wins, will that amount really satisfy him?

If you use 1% of your salary to use it for gambling, it really doesn't mean anything, because 1% of 100% is very different, I'm also not sure if you can use 1% for fun or not. I think it can only be used for a short time and can't be used lasts a long time if he only plays once when he gets paid, but if 1% is used in one month I think that's ridiculous unless he only gambles once a month, usually people who gamble responsibly use around 5-10% so I think the salary every month if you spend 1% is too little and even if you make a profit you won't feel satisfied.

Everyone has different thoughts depending on their satisfaction. If they only use 1% of their total salary and they are still satisfied, then it doesn't matter, maybe that's a number they can afford to lose and not more than that number. I also always advise people not to exceed the limits in gambling and always apply a disciplined attitude without exceeding the numbers they have prepared. If it doesn't produce anything, immediately stop and rest, we can enjoy gambling another time when we get paid again.

[adpinbr]

Well if I will advise you, some people really like taking risk but I will only advise you to take just few part of your salary to gamble, using much more on your salary may not be good so I will advise you to use at least 5 percent of your salary and it will be good and not too much and you will also get what you want, so if you los it won’t affect you the most

[Ultegra134]

I think you get my idea wrong. The point was not to allocate the small amount or as low as possible, but a significant amount person can afford to lose. If you allocate a tiny amount, you wont feel any happiness from winning, or will run out of balance quick. And that might force you to deposit again, more. Such low balance gambler can have a "not enough" feeling after he run out of available allocated money.

I never really fathomed the idea of what you can afford to lose; although I understand the deeper meaning behind it, I'd reword it as what you're comfortable losing in case things go south. This question has been made before, and from my understanding, it seems like the OP is asking for validation for his gambling habits, mentioning that pretty much everyone around him is already doing it. I could be wrong, but that's how it sounds.

There's no ideal or correct percentage; it's completely up to you and how much money you're comfortable allocating towards gambling alone. If you're fine with spending $50 per week or month, even though it accounts for a higher percentage of your salary, then you don't have to worry. Anywhere between 5% and 10%, depending on your habits, suffices and isn't too overboard.

[avp2306]

Well if I will advise you, some people really like taking risk but I will only advise you to take just few part of your salary to gamble, using much more on your salary may not be good so I will advise you to use at least 5 percent of your salary and it will be good and not too much and you will also get what you want, so if you los it won’t affect you the most

Few part of our salary will be the most convenient amount to use since we know gambling is so risky and if we take a large part of our bi-weekly or monthly earnings for sure this is huge loss to be gotten by us since we will experience hardship with that. Its good to follow those suggestion that gamble the amount your can afford to lose also just enjoy the game and don't expect more or look forward to take home huge gains since maybe this will trigger us to became so greedy and result might bad for us.

Also OP should answer his own question since what matter there is on how much he can afford to use on his gambling vices since we don't know how much he earn so for sure he can surely divide all of his earnings then see how much left for gambling. If he extend and get more then its fine as long as he have extra funds which he can use for gambling.

[traderethereum]

There is also no obligation to invest your salary in gambling, because in my opinion, if it is for entertainment or in other words, everyone has their own thoughts about their level of enjoyment. not everyone who works and when they get their salary will put it into gambling, because each person's pleasure is different, I myself actually don't have a problem with those who use their salary money to gamble, but we have to be able to pay attention to which things are more important and which are less important. because it's true what you say, someone who even has limits can sometimes forget to stop because of the strong attraction of gambling.

Gambling does have a strong attraction and it is natural that many people are addicted to gambling because the lure of winning which is easy to obtain is one of the attractors for many people to gamble. When you gamble by investing a small amount of money and it ends in defeat, you should stop, you must be able to control yourself with the gambling you do, including limiting your gambling activities when you lose or even when you win.

If he can thinks twice about his decision to use some of his salary to playing gambling, he will see that is not a good idea if he can't control himself in gambling. Many people already lost their money in gambling and he needs to learns from their experience and not trying to follows them.
People who gets salary must uses his money better and not thinks about using it to playing gambling. He can uses his salary for the other things that can gives him benefits such as investment because that can gives him profits in the future.
Gambling can tempts many people to try because they sees other people can gets wins for playing gambling with some money. But they don't knows or realizes that winning in gambling is not easy and many people already lose much money.

[HelliumZ]

Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work,  so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble?

See since gambling is legalized in your country any person can take up gambling as a source of income and career in your country. In this case, he will not have any social or state responsibility. An employee can spend part of his salary on gambling. However, if there is some part of the salary left after supporting the family, then they can gamble with the remaining money. But it will depend on salary and family expenses.  Whether the family can afford to gamble more by reducing spending will of course depend on the gambler's income . But I think a gambler should spend 5-8% salary to use gambling bets....