How much of my salary should I use to gamble

[alani123]

First of all just because your colleagues gamble doesn't mean you should do it too. If the market for it only recently was opened up then naturally people will maybe have an over excited reaction to it. But you don't need to follow if you don't like it.

As of the question on money... See what part of your salary is left after your expenses to live comfortably. Can you save enough to invest? If you can't save much if anything then that's another reason to consider that maybe gambling isn't for you. It's best to save even a few dollars a month than nothing because you never know what situation is going to arise. If you happen to lose your job and while searching for another, these few dollars are going to buy you food. Gambling would make you worse in this situation. Now, if you're comfortable saving up and keeping money in reserves, you could deduct a very small portion of that money to go towards gambling without any remorse.

[Raflesia]

It depends on how much you can afford to lose because this ultimately determines your fate in gambling.

Everyone's income and expenses are different so we really need to adjust to what we get from income and expenses that we will do including for unexpected funds then you can calculate how much there will be for gambling.

For now I still do it with small stakes because even in gambling I am not too interested in other games apart from sportsbetting so in this case I always set aside funds around $10-$25 to make a bet because I realize that if it is too big than that I will not be able to bear it so I prefer to gamble with a slightly smaller bet than I have to bear something that I cannot complete later.

[JMBitcointernational]

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 have not tried to gamble with any percentage of my salary because my salary is very important to me other than gambling, my salary is quite meant for investment and other domestic use. i prefer trading crypto and use a bit percentage of the profit i made after trading to gamble and if i win the money then i will also use it to buy coins and hodl. However, just like you said op that the majority of the people in your area gamble and that gambling is quite legalized in your area so i would advise incase you want to gamble just like every other person, if you are a salary dependent try as much as possible not to imitate others because there are variations in salary so that you will not end up losing all to gambling, therefore you can start o.5% or at most 1% of your salary to gamble in other to be on the safer side.

[imamusma]

It depends on how much you can afford to lose because this ultimately determines your fate in gambling.

Everyone's income and expenses are different so we really need to adjust to what we get from income and expenses that we will do including for unexpected funds then you can calculate how much there will be for gambling.

For now I still do it with small stakes because even in gambling I am not too interested in other games apart from sportsbetting so in this case I always set aside funds around $10-$25 to make a bet because I realize that if it is too big than that I will not be able to bear it so I prefer to gamble with a slightly smaller bet than I have to bear something that I cannot complete later.

You have made a wise decision, it is quite difficult to quit gambling if you are already enjoying it, but by managing your budget according to your abilities and income you can at least avoid big losses. In my opinion, many people fail to apply principles like that, so that in the end they gamble no longer for fun, but to chase victory. Besides that, if gambling has made life narrower, and we no longer enjoy it as a way to find pleasure, that is a sign to stop before things get worse. On the other hand, don't let gambling activities affect your responsibilities in terms of work. Especially if we are the head of the family, who is not only responsible for finances, but we have to give time and attention too.

[Dr.Bitcoin_Strange]

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?

Use any amount from your salary that you can afford to lose. If you can afford to lose all your salary to gamble, then feel free to do so and remain hungry for the rest of that month, or you can rely on other people for survival after you have spent all your salary on gambling. Take that as a joke or whatever, but by right, you should know the amount that is only required of you to be used for gambling, and perhaps you did not even mention the amount you are earning as a salary. If, for example, you earn $5000 per month and someone asks you to use 20%  for gambling, that's a huge amount to waste on gambling.

I will say, depending on your salary amount, that is what should determine the amount you can spend on gambling, but it should be in the range of 1%–5%. 

[seoincorporation]

It's a tricky question because we don't know how much your salary is... If you earn $2k/week, then 10% would be a good amount to risk without feeling the pain of the loss, but if your salary is a lot more, then you could only use the 3% of it.

And if your salary is low, you could consider rist a big portion of it, something like 50% that way if you win it would be like double up or triple up your salary.

[Odusko]

Some times, it is a stupid thing to do gambling with your income as in form of salary, because that shows the level of your greed and addiction to Gambling, since it makes no sense to with money that you can not afford to lose because your salary in this context is something you worked and earned that reason it is important not to gamble with such money because you will be under pressure to deliver at most.

So you have to gamble with money that is a set aside funds and you have no reason whatsoever to be sad or under pressure if you lose the money while gambling.

[Fortify]

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?

This is a highly personal question and the answer can be very dynamic depending on your income level. If you are a low earner who is struggling to get by every month, you should maybe make it a fixed amount of say $5 or $10. If you're a middle income earner you can afford to be slightly more flexible and allocate yourself some "fun money" for entertainment, a portion of which you may wish to spend on gambling, which could be anything up to 5 or even 10% of your monthly earnings - you've worked hard for it after all. If you are in the richer bracket then often times you can spend as much as you want, but may do it relatively infrequently because the lure of earning extra money when you've already got enough can be diminished, especially when you know how the odds are stacked against you in betting.

[robelneo]

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 your status in life if you're single and earning a lot or a minimum wage earner but it should be on the level where you aren't gambling too much that's taking away so much of your time and effort.
 
Remember gambling should be for entertainment and your allocation should be on a level that you will be entertained not to the point that you are trying to invest in making money or trying to chase your past losses, so it's 1% if you're earning a lot and 5% or less if you're a minimum earner your logic should be your basis.

[STT]

Depends on a variety of things, some people should be using any spare funds to overpay their mortgage or gain better healthcare coverage or insurance generally.   You may not have the amount of cash spare you believe you do.

The obvious answer when new is to start low as you dont have the full experience of the game and any details that might gain or lose you a bet in future.  So start small, like the same amount as you might spend on candy and crisps just for learning the game.   I dont see the need to bet anything larger till fully confident of knowing the bias to win or not.

[Raflesia]

It depends on how much you can afford to lose because this ultimately determines your fate in gambling.

Everyone's income and expenses are different so we really need to adjust to what we get from income and expenses that we will do including for unexpected funds then you can calculate how much there will be for gambling.

For now I still do it with small stakes because even in gambling I am not too interested in other games apart from sportsbetting so in this case I always set aside funds around $10-$25 to make a bet because I realize that if it is too big than that I will not be able to bear it so I prefer to gamble with a slightly smaller bet than I have to bear something that I cannot complete later.

You have made a wise decision, it is quite difficult to quit gambling if you are already enjoying it, but by managing your budget according to your abilities and income you can at least avoid big losses. In my opinion, many people fail to apply principles like that, so that in the end they gamble no longer for fun, but to chase victory. Besides that, if gambling has made life narrower, and we no longer enjoy it as a way to find pleasure, that is a sign to stop before things get worse. On the other hand, don't let gambling activities affect your responsibilities in terms of work. Especially if we are the head of the family, who is not only responsible for finances, but we have to give time and attention too.

Because everyone has their own level of ability and level of control so that we cannot equate the budget that we have with the budget that other people have in gambling because it could be that the income we have is much different from the income that other people get so instead of finding out the nominal budgeted by others in gambling it would be better if you really know the maximum limit that you can spend but with a note that it does not interfere with you in the economy you have.

I think that is much more important because in the end if we are able to make ourselves still able to gamble and without feeling lost at all considering that the budget that is done for gambling is according to the level that you can understand then indeed it is the most important thing so that we avoid the worst possibility in gambling, namely the problem of addiction which is always avoided by most gamblers.

[Assface16678]

This has been discussed many times in this section and like what I'm answering to the same topic, I think if you want to gamble using your own salary or you don't have any other money than your salary then I think its  better to do percentage, it will depends on what percentage of your salary you can use for gambling, bear in mind that you should consider that percentage of money as it will be lost, we know that there are no certainty in gambling and based on what you will play the odds of winning might be little, so measure and balance it for yourself, if you know you can't afford to lose too much many then allocate only a small portion of your salary or if you'd like find a side hustle so that you can support your gambling hobbits, in that way you will have more funds to enjoy yourself without worrying of affecting your financial state.

[Z_MBFM]

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?

Gambling is entertainment which can also be called paid entertainment so if your job salary is low enough to support your family then you should not waste your money on gambling. Because if you lose gambling, it will be difficult to meet the expenses of your family. and if you have a solid enough income then you can spend 5-10% of your income on gambling. and can take the fun from there. But if you spend more than this amount on gambling, you will become addicted to gambling and you will not hesitate to spend your entire salary on gambling.

[Bitinity]

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?

This is something subjective, you should know how much is the wise amount for you to gamble. You cant rely on other's opinions because you are the only one who know your own financial situation. I'm sure you are mature enough to decide how much to spend on gambling. My suggestion, gamble with your spare money only, money that will not affect your life if you lose it on gambling. 

[passwordnow]

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

In what locality or country you are living? There are a lot of localities where gambling is legal to their citizens but there are also places where they prohibit locals to gamble but only allows tourists to do it. If you're in Vegas or Macao then it's possible that you're part of the crowd that you'd gamble with anything that you have and there's no need to be ashamed of it when the biggest industry in your area is about gambling. As part of it, you're supporting your economy but at the same time, you're also enjoying and probably winnng some.

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

How much do you need from your salary to live comfortably? you don't need to answer how much your salary is but just take out what you need from there and whatever is left could be for your savings and as well as leisure and other recreational activities. Therefore, your gambling fund should come from there and set it coming from 1%-10% and whichever you are comfortable doing that and taking it out from means that you're not going to be problematic if ever you lose. That's why it's an amount that you afford to lose as we used to say.

[Z390]

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?

These types of questions are categorized as stupid questions to me, how can someone tell you what to do with your hard-earned money? You are the only one that knows the amount of money you spend on bills and other things, so you should be able to figure out how much you will be happy to lose from the whole salary.

I am a boss of myself, I don't work under anyone, and if I feel the need to gamble I will only do so with what I can afford to lose, it is not a must, assuming I feel like gambling and I don't have the money it is still fine, I mostly feel like gambling when I have extra cash on me that is if I don't have anything else to spend money on.

It is possible that you will lose the money, always have this in mind, so you don't have to be reckless with your hard earned money, risk only wjay you can afford to lose, because at the end of the day when there is nothing left, you will suffer for it before you make another money.

Be a responsible gambler instead, always think about the losses more than if you win.

[Dewi Aries]

Anyone, especially adults, are free to gamble or that means they are allowed to engage in gambling, especially when their country legalizes gambling activities and the rest is up to the gambler himself in terms of treating his gambling activities, but in the end it is still always recommended to treat gambling in moderation by putting a lot of restrictions on involvement such as in terms of time and budget. If in your place or in your neighborhood gambling is like a common thing that is often done then yes as much as possible you should be able to treat gambling in a reasonable way.

The main thing that must be considered is to understand how gambling actually is, you must understand how to get a win where most wins will only come when you are lucky and nothing more than that, and the other thing is that we also have to understand that the risks in gambling can never be avoided completely, This means that as long as you gamble then the possibility of defeat will continue to lurk when you are away from luck and by having this understanding I am sure that it is less likely for you to take irrational actions, and in my opinion the effective amount of budget allocation is to put 5% of the total salary you get to allocate to gambling, not more than that.

[bakasabo]

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.

Then OP should give more details about himself. How can we tell him what % of his salary he spend, when we dont know how much he earns and how much he must spend monthly to get to "nett" or "free" money he has. Ok, if I say 5% will that do and suit him? Nobody knows. If we tell him that 5% is ok, he will gamble only for that amount, but what if he can gamble for more? Imo there is no one correct and incorrect answer for him. We can only suggest him the default one - he can use the amount he can allow to lose.

[Crypt0Gore]

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?

Your point is not helping enough, how much are you earning? How much are you spending on bills?

There are things you need to put into consideration first.

They say health is wealth, how much are you saving for emergency purposes? Because anything can happen at any time.

To say the truth, gambling should take the lowest amount of money from your whole salary, because there is a huge chance that you will lose your money, so with something this risky it's better to play with very small cash.

I like risking a percent of my entire money that I make per week, I don't spend more than $20 on gambling per month now, before it was a bit higher but now I am struggling to keep up as I am slowly not getting entertained in gambling like before.

[Strongkored]

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 must be based on your abilities, if you can budget more than 5% of your salary then do so, if not then reduce it, but it is best to budget after you have met all your main needs and set aside the remaining money available because gambling is not an activity that guarantees you can earn and in my opinion it's better to make it just an activity to get pleasure if you lose then you don't feel upset and if you win it's luck because you get extra money at that time, and don't expect it to always happen in your gambling.