How much of my salary should I use to gamble

[Falconer]

-snip-

That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .

If you don't have good self-control and don't have a budget limit on gambling, then you will lose all of that budget even if you have many sources of income. A gambling budget limit should be set if you don't want to lose it all, it is advice that should be taken into consideration so that you can be considered a responsible gambler.

Winning and losing are part of gambling and this can never be avoided. The risk of losing tends to be greater than the potential for winning, so having a gambling budget limit is certainly good. I agree that your gambling budget should be set as low as possible if you are gambling for fun, but if you rely on gambling as a place to make money, then you may need more of a budget to win something big.

[TopTort777]

That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .

So which one is it? How much should one spend? The situation with me - I have several sources of income. I dont fully spend my salary during month. I would say that due to unofficial income, I manage to save half of my salary monthly. So how much should I spend? 3%? 5%? You can even not bother answering, because the correct answer would be - enough to have fun. And add, that everyone should have a good self-control to understand when fun stops and spending to much starts.

[$weetne$$]

That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .

Using all your salary for gambling is a very bad behaviour and only gambling addict are use to that type of behaviour because they do not have control over the things they do when they want to gamble. A responsible gambler should only use a small percentage of his salary to gamble and he should not always take money from his salary. The earlier money that was used for gambling should bring some profits that he has to reserve a percentage to use Incase he loses the capital money when gambling. If you are gambling, you should not always think that you are going to lose or you will always lose. Have it in mind that you can win and when that happens, be smart enough to always keep a percent for starting the next round of bets. If you are new to gambling, using 5% of your salary for gambling is not too much to stake but the money should not be used all together but divided iynti different bets.

[angrybirdy]

That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .

So which one is it? How much should one spend? The situation with me - I have several sources of income. I dont fully spend my salary during month. I would say that due to unofficial income, I manage to save half of my salary monthly. So how much should I spend? 3%? 5%? You can even not bother answering, because the correct answer would be - enough to have fun. And add, that everyone should have a good self-control to understand when fun stops and spending to much starts.

That's good for you to use atleast 3-5% of your monthly income to gamble because you have a multiple sources of income and it shows that you can manage to spend how much do you want just to have fun because of your savings but that doesn't mean that you will use all of your money, you still have to control yoir spending limit and time management if you're doing gambling just for fun.

[Nrcewker]

That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .

Are you serious about this? How can someone think of using all their salary for gambling? Gambling isn’t sure money. In fact, in gambling, the chances of losing are greater than the chances of winning. Hence, if you are planning to bet all of your salary on gambling at once, then I have not seen a more foolish person than you. Through your salary, you pay loan installments and bills. Hence, it’s ideal to not risk all the money for the sake of earning some extra money. Follow the golden 40:30:30 rule, which says 40% of your salary should be spent on daily or monthly needs, 30% for savings, and the rest 30% for investment. Here, you can use the remaining 30% to gamble if you want to make quick money in a shorter period of time.

[Rabata]

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 can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling.

Well you have a point when it comes to your "rights" but some people here are suggesting estimated percentages because OP is asking us what is the ideal amount to use. If you're a kind of a wise person, you will eventually think that using all of your salary is not a good advice because there's a lot of things may happen in just a snap and in just one wrong move in your bets so it's really up to a person how risk taker and decision maker they are.

That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .

A gambler must spend a minimum portion of income on gambling. Because he has to bear the cost of the whole month with the money he gets on monthly basis. He may also have to spend money on of his family members who suffer from illness at any time. There are some gamblers who ignore these things. When they gamble they spend a large portion of their monthly salary on bets. There are even some who manage to gamble with the entire month's expenses. They value their present moment but when they lose they realize about the mistakes. Gambling can be enjoyable if conducted within a limit but if it goes beyond the limits it will be a cause of disaster.

[lienfaye]

That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .

Are you serious about this? How can someone think of using all their salary for gambling? Gambling isn’t sure money. In fact, in gambling, the chances of losing are greater than the chances of winning. Hence, if you are planning to bet all of your salary on gambling at once, then I have not seen a more foolish person than you. Through your salary, you pay loan installments and bills. Hence, it’s ideal to not risk all the money for the sake of earning some extra money. Follow the golden 40:30:30 rule, which says 40% of your salary should be spent on daily or monthly needs, 30% for savings, and the rest 30% for investment. Here, you can use the remaining 30% to gamble if you want to make quick money in a shorter period of time.

It is stupid to use all the salary for gambling but in reality there are people who are insane doing this to feed their addiction. These people are out of control and an addicted gamblers already. Because if you're still playing in moderation, would you dare spend your salary in gambling and not prioritizing the important things? 5% would be enough for leisure if you're a type of gambler who are playing with a goal of having fun and not to make money.

[slapper]

That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .

Using all your salary for gambling is a very bad behaviour and only gambling addict are use to that type of behaviour because they do not have control over the things they do when they want to gamble. A responsible gambler should only use a small percentage of his salary to gamble and he should not always take money from his salary. The earlier money that was used for gambling should bring some profits that he has to reserve a percentage to use Incase he loses the capital money when gambling. If you are gambling, you should not always think that you are going to lose or you will always lose. Have it in mind that you can win and when that happens, be smart enough to always keep a percent for starting the next round of bets. If you are new to gambling, using 5% of your salary for gambling is not too much to stake but the money should not be used all together but divided iynti different bets.

You gambled 5% of your salary. That can work, but not by putting it all in. Strategize, guy. You wouldn't invest all your savings in one stock, right? The same idea applies. Spread your bets across games and stakes. You diversify your gambling and investing portfolios. Most individuals overlook sustainability. Gambling should not be about one big win and quitting. Staying in the game long-term. That requires budgeting and sticking to it. Don't waste winnings on a higher high. Play with some, live on some

[Sakanwa]

Gambling with one's salary is one thing I don't like,the way it  gets down to turn people into addicts,and you won't end up using your money for anything good is appauling.I am able to say this because I am having thesame issues,and that has made me unable to save money.Gambling addiction is one thing so bad,and I would advice anybody who has the courage to quit it to do so, except you are winning often,else,I would say gambling is not my thing,and I just wish I was able to quit it for life.And even if you win often, you still lose money without letting people know.

[sompitonov]

-snip-

That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .

If you don't have good self-control and don't have a budget limit on gambling, then you will lose all of that budget even if you have many sources of income. A gambling budget limit should be set if you don't want to lose it all, it is advice that should be taken into consideration so that you can be considered a responsible gambler.

Winning and losing are part of gambling and this can never be avoided. The risk of losing tends to be greater than the potential for winning, so having a gambling budget limit is certainly good. I agree that your gambling budget should be set as low as possible if you are gambling for fun, but if you rely on gambling as a place to make money, then you may need more of a budget to win something big.

If I began to formulate my gambling budget, I would start not with a percentage of my salary, but with how much my salary covers my basic needs and the needs of my family. This would include expenses for food, utilities, clothing and everything of that type. And after that, I would look at how much free money I had left and only then would I think about the percentage that I would take from it for a gambling game, or, more precisely, for my vacation for fun. I would think so, and would not take a percentage of all dirty income (gross).

Approximately, I would say in this case that I would safely spend about 10-20% depending on what championships in my favorite sports are taking place in a particular month. If there are none at all this month, I can take a break, which will definitely benefit me.

[Bravut]

That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .

Are you serious about this? How can someone think of using all their salary for gambling? Gambling isn’t sure money. In fact, in gambling, the chances of losing are greater than the chances of winning. Hence, if you are planning to bet all of your salary on gambling at once, then I have not seen a more foolish person than you. Through your salary, you pay loan installments and bills. Hence, it’s ideal to not risk all the money for the sake of earning some extra money. Follow the golden 40:30:30 rule, which says 40% of your salary should be spent on daily or monthly needs, 30% for savings, and the rest 30% for investment. Here, you can use the remaining 30% to gamble if you want to make quick money in a shorter period of time.

Which 30% remains?, is it the one for investment,  if you use it means you ain't discipline and willing to develop your life and also grow your financial life. I would say, using a certain percentage or not our salary should not be used to gamble, for those who don't have any source of income except Salary should have limits, better still a plan that regulates how much they can afford to risk from there salary and stick to it, But this depends on how much your salary is, if you are well paid or not it should not be allocated more than 1%, I advice you can use money meant for beer or other unnecessary stuffs to gamble responsibly and in Moderation.

[Dewi Aries]

That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .

Are you serious about this? How can someone think of using all their salary for gambling? Gambling isn’t sure money. In fact, in gambling, the chances of losing are greater than the chances of winning. Hence, if you are planning to bet all of your salary on gambling at once, then I have not seen a more foolish person than you. Through your salary, you pay loan installments and bills. Hence, it’s ideal to not risk all the money for the sake of earning some extra money. Follow the golden 40:30:30 rule, which says 40% of your salary should be spent on daily or monthly needs, 30% for savings, and the rest 30% for investment. Here, you can use the remaining 30% to gamble if you want to make quick money in a shorter period of time.

It is stupid to use all the salary for gambling but in reality there are people who are insane doing this to feed their addiction. These people are out of control and an addicted gamblers already. Because if you're still playing in moderation, would you dare spend your salary in gambling and not prioritizing the important things? 5% would be enough for leisure if you're a type of gambler who are playing with a goal of having fun and not to make money.

In fact, you have explained everything above which I will conclude that fools are those who always try to make money in gambling, and that is the main mistake of gamblers who ultimately lead themselves to many disasters and downturns because obviously the mindset will only lead themselves to the addiction phase consciously or unconsciously and also of course when someone has entered the addiction phase then they will be really difficult to control themselves and usually tend to always take various actions that are actually beyond their abilities if they end up losing.

While gamblers who do not have the intention and purpose to earn obviously will not dare to take various actions that tend to lead to excessive action, meaning that we can actually find out whether the gambler has the intention and purpose to earn or just for fun in gambling by seeing how they treat their gambling, because if they only dare to bet small amounts such as 5% or less then obviously they are gamblers who have the right understanding which comes only to seek entertainment in the middle of the boring leisure time they have.

[Oilacris]

That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .

Using all your salary for gambling is a very bad behaviour and only gambling addict are use to that type of behaviour because they do not have control over the things they do when they want to gamble. A responsible gambler should only use a small percentage of his salary to gamble and he should not always take money from his salary. The earlier money that was used for gambling should bring some profits that he has to reserve a percentage to use Incase he loses the capital money when gambling. If you are gambling, you should not always think that you are going to lose or you will always lose. Have it in mind that you can win and when that happens, be smart enough to always keep a percent for starting the next round of bets. If you are new to gambling, using 5% of your salary for gambling is not too much to stake but the money should not be used all together but divided iynti different bets.

You gambled 5% of your salary. That can work, but not by putting it all in. Strategize, guy. You wouldn't invest all your savings in one stock, right? The same idea applies. Spread your bets across games and stakes. You diversify your gambling and investing portfolios. Most individuals overlook sustainability. Gambling should not be about one big win and quitting. Staying in the game long-term. That requires budgeting and sticking to it. Don't waste winnings on a higher high. Play with some, live on some

5% might be small but for those people who do earn $1000 a month or then it would really be talking that $50 which it would really be that small if you would really be tending to prolong up the game.
If you are really that be able to enjoy that amount then it would be that good. The key here is that you shouldnt really that make yourself go overboard when it comes to spending
money when it comes to gambling. It would really be better that you should have that control because if you dont then you would potentially be able to have that kind of huge problem
into your finances on which this is something that wont really be that good and you will really be regretting later on, on the moment that you've seen that yourself
struggling with your finances.

[noormcs5]

That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .

The source of income for each gambler is different. Some may be getting salaries on the job while others may be doing business. Also, some may get more salary and make more money while others may earn less. Also, some people have more expenses as compared to others. Therefore we cannot say how much salary or how much % of salary or income one can devote to the gambling. The figure may vary from person to person and more importantly, it depends on the financial condition of the gamblers.

Gambling addiction is one thing so bad,and I would advice anybody who has the courage to quit it to do so, except you are winning often,else,I would say gambling is not my thing,and I just wish I was able to quit it for life.And even if you win often, you still lose money without letting people know.

If you are a gambling addict, then for sure you will not be able to save anything from your salary. Even you may not limit yourself because a gambling addict has no power to think in his mind that he has to quit gambling. This portfolio management is only applicable to responsible gamblers.

[DaNNy001]

That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .

Are you serious about this? How can someone think of using all their salary for gambling? Gambling isn’t sure money. In fact, in gambling, the chances of losing are greater than the chances of winning. Hence, if you are planning to bet all of your salary on gambling at once, then I have not seen a more foolish person than you. Through your salary, you pay loan installments and bills. Hence, it’s ideal to not risk all the money for the sake of earning some extra money. Follow the golden 40:30:30 rule, which says 40% of your salary should be spent on daily or monthly needs, 30% for savings, and the rest 30% for investment. Here, you can use the remaining 30% to gamble if you want to make quick money in a shorter period of time.

It is stupid to use all the salary for gambling but in reality there are people who are insane doing this to feed their addiction. These people are out of control and an addicted gamblers already. Because if you're still playing in moderation, would you dare spend your salary in gambling and not prioritizing the important things? 5% would be enough for leisure if you're a type of gambler who are playing with a goal of having fun and not to make money.

That's why it's called an addiction what I would tell you is that you never experienced an addiction in your life be it gambling or any kind because that's when you would know what these guys are passing through. Gambling can be seen as fun until you decide to do all sort of stupid act when gambling, sometimes the road to an addiction is never seen by the gambler until he has already crossed the boundary and the worse part is that to recover from the act is almost impossible if you are not disciplined. I have seen gamblers even do crazier things than betting with all their salary but I believe all these are done with the influence of being blinded by the quest to meet up with their urge and thirst to win.

[adultcrypto]

Even though no one have been able to give a definite percentage of salary that one can gamble with, I think that 5% to 10% of salary is not too high amount to gamble with because a gambler can comfortably lose 10% of his income and still not be broken. If 90% of the salary is not enough to cover his other needs, it definitely mean that the person is underpaid which in essence suggests that he ought not to gamble because his needs are not met first as there is no spared funds. The key thing every gambler should do first is to ensure there is a source of funds that can cover the basic needs and from the balance, gambling can be made.

Well you have a point when it comes to your "rights" but some people here are suggesting estimated percentages because OP is asking us what is the ideal amount to use. If you're a kind of a wise person, you will eventually think that using all of your salary is not a good advice because there's a lot of things may happen in just a snap and in just one wrong move in your bets so it's really up to a person how risk taker and decision maker they are.

That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .

Is there anyone who goes all in with his salary? This sounds to me like what a gambling addict will do, in that case such practice must be completely condemned. Gambling addition is a habit that is prevalent now and that is making gambling appear very bad.

[Dr.Bitcoin_Strange]

Gambling addiction is one thing so bad,and I would advice anybody who has the courage to quit it to do so, except you are winning often,else,I would say gambling is not my thing,and I just wish I was able to quit it for life.And even if you win often, you still lose money without letting people know.

If you are a gambling addict, then for sure you will not be able to save anything from your salary. Even you may not limit yourself because a gambling addict has no power to think in his mind that he has to quit gambling. This portfolio management is only applicable to responsible gamblers.

The other day, I came across a topic created by a member of this forum where the user asked if it was possible that addicted gamblers don't win all their bets. It was a nice question because that really explains how terrible addiction is. It is possible for an addicted gambler to win a huge amount of money, but due to their state of mind, they will still lose everything and can even spend all of their money apart from the one they have won. If it got so bad with the person, he or she can still take a loan to gamble. 

How can a gambling addict even be able to save some of his salary when they cannot even save some of the money they are winning while gambling? Very difficult. 

[passwordnow]

That's good for you to use atleast 3-5% of your monthly income to gamble because you have a multiple sources of income and it shows that you can manage to spend how much do you want just to have fun because of your savings but that doesn't mean that you will use all of your money, you still have to control yoir spending limit and time management if you're doing gambling just for fun.

Someone who has saved a lot of his earnings is unlikely to gamble all of it. Hard work and life savings are what we're all working for. I know that it is unlikely for the most but there were cases that a gambler will no doubt going to gamble that all at once. A yolo mentality sometimes is good but at most times is not. So, if you can afford to gamble only at least 3%-5% of your monthly income, that's already a good allocation for you to enjoy and have fun every month. You only need to find the most enjoyable gambling games and the probable profitable one for you.

But even with 3%-5% is quite low for the most of us and it's an amount that's affordable to lose. Not everyone can still afford that especially those that are living in the third world countries. They even get a daily income just for survival and that's why discipline is a must and stick to the amount that you can truly afford, don't be too hard headed when your situation is quite tough because you won't just going to live in a day and with your salary, sustain first your needs than wants like entertainment and recreational activities like gambling.

[pinggoki]

If you don't want to lose that salary and make the most of it especially if you're working in a minimum wage, may I suggest that you shouldn't try gambling and just go with apps in phones that plays with fake money? That's only applicable to the minimum wage earners though, if you're a well to do and you can afford to have a spare money left from your salary until last month, I think that you're probably going to be fine allotting about 5% of your salary to gambling although it's better if you don't use percentage in this kind of situation, just go with $100 a month and you'd probably be good to go.

[erep]

The other day, I came across a topic created by a member of this forum where the user asked if it was possible that addicted gamblers don't win all their bets. It was a nice question because that really explains how terrible addiction is. It is possible for an addicted gambler to win a huge amount of money, but due to their state of mind, they will still lose everything and can even spend all of their money apart from the one they have won. If it got so bad with the person, he or she can still take a loan to gamble. 

How can a gambling addict even be able to save some of his salary when they cannot even save some of the money they are winning while gambling? Very difficult. 

When the amount of money from gambling winnings cannot be allocated to savings and there is a small chance that money for other needs can be allocated to savings as well, relatively addicted gamblers cannot allocate funds for savings because the influence of gambling has worsened their economy, especially since some gamblers consider gambling to increase their income and they use a lot of money just to bet. The solution is that they have to limit access to gambling if they want to plan to make savings and they have to set a low allocation for gambling.