How much of my salary should I use to gamble

[Wapfika]

I think, that first of all, nobody should tell you how you should spend your salary.

He is asking an advice on this specific matter so obviously everyone will suggest an opinion. This statement of yours is only valid if the OP itself doesn’t ask for it.

If you want, you can spend all of it in one single bet. Of course if you dont regret consequences later. Secondly, you should not stick to «I can spend only X percent of my salary on gambling». Spend whenever you can afford. If I were you, I would subtract all necessary monthly expenses from salary to find that one amount you can spend on fun, whether it be cinemas, gambling, outdoor activities, theatre and etc. And gamble based on that.

Some people preferred being organized so that they can properly managed their expenses rather than proceed to what you are suggesting that relies only to what he feels while the OP himself can’t decide on his own about this matter.

It’s like someone ask for to solve his problem while your answer is I trust you that you can solve your problem on your own. People like OP that ask or an advice usually just getting an idea then decide for their own once he already knew what’s the most common method.

[Crypto Library]

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 her\his needs also Because he doesn't have to spend only on the side of income or a certain percentage of income because he has to spend money on his family or some percentage of the money that will survive after meeting the needs of the family can be used for your entertainment.
Generally I make this strategy with my salaries below 5%. Sometimes I don't have to use the 5% from my salaries because sum of profit from the games.  So in this that much fund for you can afford to lose I mean that fund that's North kore affect your family.

[shivansps]

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's actually very simple here. First of all, you need to understand what your salary is and what country you live in. If you earn, for example, $1000 and live in Georgia, then you will have enough for all your needs and you can use 10 percent at your discretion, for example, for gambling. If you live in Germany, then $1,500 will not be enough for you and you are unlikely to be able to use anything at all for gambling. It all depends on how much you earn and where you live. I would answer your question this way, you can spend as much on gambling as you would not mind losing, that is, you receive salaries, pay all bills, leave the money until the end of the month and from what is left you can spend money on gambling. That is, if you suddenly lose everything, it will not be a disaster

[Fiatless]

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?

The amount of your salary you will spend on gambling will depend on the cost of living in your country and your plans. Low-income earners whose income cannot cover their monthly expenses have no business with gambling. They will have to focus on providing basic needs rather than gambling. If you live in a country where there is a high cost of living and you can't even save any money because of inflation, you have to consider setting aside little funds for gambling.

Secondly, some people don't have any plans for savings and investment, which means they can set aside high funds for gambling since they will have extra funds after allocating funds for their monthly needs. But if you have to budget for savings and future investment, you gambling budget might be affected. Personally, my gambling monthly gambling budget is between 4-6% but it can also increase or decrease based on some circumstances.

[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?

For gambling, if you get an environment where gambling is discussed at work, there is definitely a gambling environment where gambler can get more advantages in various issues. A gambler will take a percentage of his income to gamble. If you are a middle income job holder then I think you should spend 5% of your income on gambling. And if the amount is more than that then 10 percent or more can be used in gambling. Here the amount depends mainly on the financial condition of a gambler. He can use any amount in gambling that if he loses, saving his family will not be a problem. If a gambler decides his gambling budget in advance it will definitely play a positive role for him.

[0t3p0t]

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 is not good to use hard earned money in any gambling activities unless it was your extra money that you can afford to lose. Same as using borrowed or loan money in gambling is much worst. But if you still insist to use a portion of your hard earned money from your salary then it us always up to you and I think 5% will do your thing.

[alastantiger]

why I am asking the question of what the right percentage from my salary that I should use to gamble?

The right percentage from your salary that you should use to gamble can only be answered by you. When you receive your income make a budget of everything that you would have to spend the money on. After you have done that, and you have made your calculation then add gambling to the list as the last item. Do the math and know what percentage that comes out to be that should be the percentage for which you should spend on gambling. I tell you ignore the 1% to 5% recommendations. Depending on your income and your needs you may need to go lower than one percent.

[Sandra_hakeem]

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?

I can't really accertain this as you haven't told us exactly what you do and how much your salary is...   But lemme assume it's the regular 9-5 job and that could be around $1500? Gambling with just 2% of that is enough for a month.

I don't know really get what you mean by "gambling being a popular thing in your locality " - I mean, who follows every societal trend and gets successful with it?

The right percentage from your salary that you should use to gamble can only be answered by you.

exactly!! How I'm I supposed to know this? I don't even know if he's got kids and all of that.

[Issa56]

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?

I don’t see anything bad in gambling, but the addicted gamblers are the ones who are making people think gambling is a bad activity. If you are using part of your salary to gamble, then it’s fine, but you don’t expect me to tell you the percentage that you will be using to gamble, that’s left for you to decide. But you should gamble with just a small amount, the amount that won’t have any effect on you even if you lose it. Since you know the amount you are collecting as a salary, you know the bills you are going to pay, and you know the amount that is supposed to go into your savings account. Then you will know the percentage that is supposed to go into gambling.

[darkangel11]

Use as much as you want as long as it feels comfortable and doesn't put you in debt or any life hazards. I personally use a very small part of my income, usually less than 1%, but here we again come to a difference between me and you. I don't know how much you earn and what are your expenses. Someone who earns $5k a month may seem rich, but not if he has a loan to pay, 3 kids and a wife at home and so on. When you earn $5k and spend $4,9k every month to sustain your family, spending 5% on gambling is already a lot, but when you earn $2k, live alone and spend maybe $1k to pay bills and buy food, 1% lost in a casino is nothing.

[Franctoshi]

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?

I can't really accertain this as you haven't told us exactly what you do and how much your salary is...   But lemme assume it's the regular 9-5 job and that could be around $1500? Gambling with just 2% of that is enough for a month.

I don't know really get what you mean by "gambling being a popular thing in your locality " - I mean, who follows every societal trend and gets successful with it?

It isn't necessary that op has to tell us what he does or how much he earns, but from the response he finds suitable from the response of members in this thread, Therefore, what I think he should do is apply such percentage to his salary, let's say for example, he can use 1%-5% of his salary for gambling and this is after he must have done the Math and know the amount it will worth in his local fiat currency and secondly base on the amount of money he can afford to lose.

[DaNNy001]

The answer to how much you can use for gambling monthly all depends on how much you earn as a worker. Because 5% can be seen a a huge amount for some persons while 5% can also be less than $100 for some persons, and your expenses is still an unknown factor so I can't really dictate for you how much you are to use for gambling, but all I have to say is, after setting all your bills and expenses for the month, then that's when you can set aside a particular amount to be used for gambling. And when setting aside funds for gambling, you must also ensure use too much for gambling should in case of emergency and other unforseen circumstances.

[Slow death]

you need to ask yourself the following question: how much money would you take to have fun at the beach? How much money will you spend if you want to go for a walk somewhere? So if you have a salary of 500$ per month and when you pay all the bills you have 100$ left, then in that 100$ you need to decide how many things you will do for fun and after that you divide that 100$ for each thing you will do for fun, for example if you have 100$ to have fun and you want to go to the beach, you want to go have a beer, you want to play in a casino, you want to go to the beach. So you divide 20$ for the beach, 20$ for playing at the casino, 20$ for a beer and then you define the calendar of days that you will do each thing. This way you will have a lot of fun and there will be no risk of becoming addicted to gambling.

because gambling should not be seen as a way to get rich, it should not be seen as a source of stable income, because it is not possible to make a stable profit with gambling, that is why I advise you to only invest money that you you can afford to lose and also don't look at gambling as the only fun there is, diversify the things you intend to do for fun because when people become too focused on gambling and watch gambling games as the only source of fun, so they become addicted to gambling

[Juse14]

The answer to how much you can use for gambling monthly all depends on how much you earn as a worker. Because 5% can be seen a a huge amount for some persons while 5% can also be less than $100 for some persons, and your expenses is still an unknown factor so I can't really dictate for you how much you are to use for gambling, but all I have to say is, after setting all your bills and expenses for the month, then that's when you can set aside a particular amount to be used for gambling. And when setting aside funds for gambling, you must also ensure use too much for gambling should in case of emergency and other unforseen circumstances.

Indeed, the amount one can afford to gamble each month is contingent on numerous factors, with income standing at the forefront. For certain individuals, 5% of their earnings might loom as a substantial sum; for others, it could fall short of $100. Hence, pinning down an optimal figure for gambling presents itself as a challenging task.

What takes precedence is ensuring that all bills and essential outlays are settled before deliberating on the sum earmarked for gambling. Once these financial obligations are laid out distinctly, you can then allocate a specific amount towards indulging in games of chance.

Though, there is an essential point to remember: gambling must be played smartly. When you allocate funds for gambling, also ensure that you do not put too much money into it, especially in emergencies or other unexpected situations. First address your financial needs and duties before putting gambling on the table as a priority.

[topbitcoin]

why I am asking the question of what the right percentage from my salary that I should use to gamble?

The right percentage from your salary that you should use to gamble can only be answered by you. When you receive your income make a budget of everything that you would have to spend the money on. After you have done that, and you have made your calculation then add gambling to the list as the last item. Do the math and know what percentage that comes out to be that should be the percentage for which you should spend on gambling. I tell you ignore the 1% to 5% recommendations. Depending on your income and your needs you may need to go lower than one percent.

To place gambling as the last entry on the list of your expenditures, including it is not a bad idea. This makes sure that you've already satisfied your primary needs before you think about any more spending other than on your source of entertainment, gambling. It allows you to see clearly what amount is left for indulging in gambling activities.

On what percentage should go to gambling, there is no answer set specifically for everyone. While a rule of thumb ranges between 1% and 5% of income, this varies from one person to another based on their unique situations. Factors include but are not limited to: the amount you earn annually, cost of living, long-term savings goal; how frequently you gamble plays a role too.

Also, do keep in mind that gambling should be seen merely as a form of entertainment, not a way to earn money. So make sure the stake you put down is one you can afford to part with without it having any bearing on your financial standing. In other words, set aside play money for this purpose and do not count on seeing any returns from it.

[Wexnident]

~

Realistically less than 10%, or maybe even less than 5%. I started with around 10% ish back then cause my salary was damn low, but nowadays I only use 5% or so whenever I play since I switched jobs to a better paying one. That's my case, in your case all depends on what you can actually afford. It may even be below 5% if you're struggling so far so it all depends. If you're just starting out I'd recommend somewhere around 3-5%? That's after you calculate every expense btw like bills, savings, investments and whatnot.

[Cookdata]

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 just want to chase shadow the rest of the people are chasing, there is no any justification for this to make you to gamble unless you have it in mind to gamble in the first place. If you want to gamble, it's fine but stop saying ttere is no shame in gambling, who says it was in the first place? It's a social of entertainment and sometimes make money but not often as you think because it's not an investment but "gambling" as you put ir in context to your subject.

As for your salary, if you know you can afford to lose your salary to bet, then it's your choice to gamble, there is no specific money needed to gamble, only what you can afford to lose but we have some people that based their initial bankroll on the percentage of their salary. Some used 2% to 5% of their income to bets every month. If you can do the math's and try the same, it's fine but I hope it's something you can afford to lose.

[Mia Chloe]

~

Realistically less than 10%, or maybe even less than 5%. I started with around 10% ish back then cause my salary was damn low, but nowadays I only use 5% or so whenever I play since I switched jobs to a better paying one. That's my case, in your case all depends on what you can actually afford. It may even be below 5% if you're struggling so far so it all depends. If you're just starting out I'd recommend somewhere around 3-5%? That's after you calculate every expense btw like bills, savings, investments and whatnot.

I won't really give an estimate since income differs among gamblers. In some cases some persons are able to spare up to 10% of their income for making stakes. Some other users on the other hand may even find it difficult to spare a whole 10% of their income. Aside from the reason of responsibility difference of different gamblers, their level of liking for Gambling activities also contributes a great deal to their staking habits.
However In addition to all I have said , it think logically it's safe to stake between the range of at most 10% of one's income. This is because you can't really say you can afford losing 30% of your income.

[famososMuertos]

...//:;

It's zero, don't believe in tall tales, look for additional income and manage it like a bankroll, use appropriate bet size, etc.  And learn that you are basically going to war with variance, yeah! then, you are going to lose many times, hence, You look to be in breakeven as long as possible.

[AmoreJaz]

...//:;

It's zero, don't believe in tall tales, look for additional income and manage it like a bankroll, use appropriate bet size, etc.  And learn that you are basically going to war with variance, yeah! then, you are going to lose many times, hence, You look to be in breakeven as long as possible.

This should be the case if you decide not to go in gambling sites. But if the OP really wanted to play, then, spend only your extra money after you lessen your basic expenses plus savings. It is always best to gamble your spare money so you won't regret losing it. In this case, you will be the only one who really know how much you can spend in your gambling activities. Do remember, losing is always part of this game, so don't consider that you will be winning at the end of your game, be conservative with your estimates.