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Author Topic: How much of my salary should I use to gamble  (Read 1348 times)
teamsherry
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May 11, 2024, 11:46:47 AM
 #201

Bro this quick rhetorical, is gambling an investment that you might want to allocate some amount to one monthly basis or do you consider it a source of income, yeah I understand that some has used gambling as a side income stream but my only advice here would be gamble with what you can afford to lose, if possible like a 5% allocation won't be possible bad since its nothing compared to the rest 95%, but make sure you have some wins if not that compiled over time woudl be up to a month's salary wasted on gambling.

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May 11, 2024, 01:47:36 PM
 #202


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.

Totally agree with this, yes there are still many gamblers who cannot comprehend and understand that gambling can cause an addictive attitude and from the bad effects of this addiction, gamblers will experience changes in their behavior and life which was previously fine and then appears to be not fine.
Yes, for example, someone who is addicted to gambling will use the results of their hard work, namely their salary, which should be used for daily needs, but instead they are also involved in gambling and we have often encountered this kind of behavior around us and the impact is very great. terrible and very worrying because only he himself will suffer and feel it, but the people around him, even his family, will also suffer.

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May 11, 2024, 02:10:14 PM
 #203

I really think you need to answer this question yourself, but first I'll give some hint, what is a gamble, its a bet on a outcome that you feel would happens it guarantee? No, can you lose your money? Yes, so with this you shoudl understand that this is no no investment at all it is more like trying your luck on something cause you would never know no matter how much you try to get it right.

It's up to you to decide how much you can stake in gambling, but I'll rather have you change the perspective of allocate cause you shoudl only invest what you can afford to lose, more like a spare money or something that you feel okay to risk.

If you ask me how I do my own, I mostly stake high, but don't get me wrong, I stake what I can afford to lose and its only once a week during weekend like today I gamble cause there are enough games to pick from, when I'm done with my week expenses and investment, with whatever cash I have left that I could use to get some enjoyments or maybe at times not enough to go out I just use it to gamble away, and this is okay with me and I don't how much of a gambler you are , so my advice is se your spare money not some allocation cause if you consistently lose those amount to gambling at some point you might start to regret and all that, so most preferable use yoru spare money and try your luck. It's what it is mate.
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May 11, 2024, 02:13:20 PM
 #204

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?
NO, I don't allocate money for my gambling habit but what I just did is to save some from my monthly allowance and use it for gambling. I won't say this is the right thing we should do or you will follow this. What I can say to you is don't keep gambling in your mind nor allocate money for it because this will mean that gambling is more important than other things. Just gamble when you have extra money, not because you allocate some percentage of your monthly income. Sooner or later, if you are allocating 0.5% today, it will possibly become 1% (or even more)someday due to addiction.

Don't think this is a piece of advice but just a reminder that gambling is just a hobby, not an important thing that we need to allocate money for it.

R


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May 11, 2024, 02:21:09 PM
 #205

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 question you are asking only you can answer it because it's actually your salary and you are the one who knows how and where you think you will get inconveniences if actually you used the money to gamble. I think setting the money to the range amount in which you can lose and won't get affected by the losses is actually what is needed from you as a gambler because the moment you lose and the funds you lost gets to you then it's now becomes a problem.

R


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May 11, 2024, 02:29:43 PM
 #206

Bro this quick rhetorical, is gambling an investment that you might want to allocate some amount to one monthly basis or do you consider it a source of income, yeah I understand that some has used gambling as a side income stream but my only advice here would be gamble with what you can afford to lose, if possible like a 5% allocation won't be possible bad since its nothing compared to the rest 95%, but make sure you have some wins if not that compiled over time woudl be up to a month's salary wasted on gambling.

Anyone interested in gambling should make it in a more appropriate manner whereby it wont affect him and the relationship of the people around him, we cannot assume gambling as a means of making money, also we should know the risk involved in gambling, for a salary earner, such gambler will think about this twice before making any decision on gambling from his earned monthly salary for gambling, because they already know they have no alternative for survival after salary.

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May 11, 2024, 02:37:44 PM
 #207

Gambling is becoming a popular thing in my locality almost everyone gamble
Since ancient times, gambling has actually been very booming. it's just that they are offline gambling and traditional ones. therefore, not many people know. It's just that now, we can find various types of gambling, especially online gambling, which can be done safely, at any time, by anyone, even in countries where gambling is prohibited.

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 this is done in a country where gambling is legal, it seems like there really is no need to hide to do gaming, because maybe most people also do it so it's the same thing. It's just that for those in countries where gambling is prohibited, this will involve things that involve shame, prohibition, and also a reluctance to inform other people. Because it's too risky.

So with this, I think about how much of our salary we should use for gambling. then the answer is as much as you can afford to loose. because gambling does not guarantee that you will always get higher profits. So make sure that you are gambling with a percentage of funds that is possible and reasonable. so you don't need to take out a loan if one day you need it. because basically here, we often force our finances to use it for gambling, but in fact it actually makes us more anxious and detrimental.

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May 11, 2024, 02:38:30 PM
 #208

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
At least 5% means that he should spend starting from 5% to 100%?  
Do you mean to say no more than 5% or it is real "at least" 5% as if it is real "at least" 5% means that it is a crazy advice.
If he follow your advice, he may spend his whole salary for gambling and it is absolutely not good for his financial life.

I really think you need to answer this question yourself,
Exactly, we should know about it ourselves because it is our own financial life which is our own responsibility how to manage it wisely.
Spending money for gambling based on specific percent from the salary can be dangerous, because what we need to spend for other things within a month can be something unpredictable.




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May 11, 2024, 03:06:09 PM
 #209

Bro this quick rhetorical, is gambling an investment that you might want to allocate some amount to one monthly basis or do you consider it a source of income, yeah I understand that some has used gambling as a side income stream but my only advice here would be gamble with what you can afford to lose, if possible like a 5% allocation won't be possible bad since its nothing compared to the rest 95%, but make sure you have some wins if not that compiled over time woudl be up to a month's salary wasted on gambling.

Anyone interested in gambling should make it in a more appropriate manner whereby it wont affect him and the relationship of the people around him, we cannot assume gambling as a means of making money, also we should know the risk involved in gambling, for a salary earner, such gambler will think about this twice before making any decision on gambling from his earned monthly salary for gambling, because they already know they have no alternative for survival after salary.

I think most of us already know about the right way to treat gambling so that we don't become one of the gamblers who experience the bad effects of gambling as experienced by some other gamblers who always gamble in the wrong way which will actually only harm themselves, and obviously the right and best approach to gambling is not to think that gambling is a place to earn, because by having this mindset, most likely your goal is to gamble just for fun when you have boring free time.

And also with this mindset, I am sure that you will not do various actions that tend to be excessive, because usually excessive actions in gambling are always owned and done by gamblers who are trying to make money in gambling, which actually makes them in a lot of danger that will continue to lurk in the long run. And also by having an understanding that gambling is not a place to earn then I'm sure whoever it is will not allocate large amounts of money, most likely they will only put small amounts because they think that gambling is just a normal game that requires them to spend some money if they want to be involved in the game, and this approach I think clearly will not disturb the financial balance in his life.

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May 11, 2024, 03:19:39 PM
 #210

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?

At first don't forget is your hard earn money, so be cautious of the way you make use of it . At first don't let greed to get the best of you leading to gamble with all yah salary inorder to win something huge. Well I can't actually tell you how much you can use from your salary in gambling. But all can say is that just keep to this term , gamble with what you know you can afford to lose. And once you run out of such money (money you can afford to lose) , I will advice you to not gamble till you have money you can easily risk .

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May 11, 2024, 03:39:36 PM
 #211

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 question you are asking only you can answer it because it's actually your salary and you are the one who knows how and where you think you will get inconveniences if actually you used the money to gamble.
As much as one would like to stick to specifics, a strategy on how you do it could help a gambler find means or define just where they could draw the lines for limits on them gambling habits. 1/10 has been a number that is very much associated with savings, it’s not my style or by any means how I approach gambling but, I think if your in desperate need to determine just how much you should be gambling with, you can choose 1/10 of your earnings to set that record for you. It could help you especially, if your an addict that spends all your earnings gambling unconsciously, it would set the part to controlled gambling.
In the end, it’s really up to the individual to know just how much problems they’ve got, how to appropriate their expenses and find out just how much might be okay to still be cool living with them gambling habits.

R


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May 11, 2024, 03:56:17 PM
 #212

But all can say is that just keep to this term , gamble with what you know you can afford to lose. And once you run out of such money (money you can afford to lose) , I will advice you to not gamble till you have money you can easily risk .

This is always the trivial part, Gamblers doesn’t know what they can afford to lose that’s why some gamblers relies on the fixed percentage as basis for their limit since some don’t have limit until they bust all their bankroll.

We are talking about money here, hard earned money as you mention which means every penny counts. I’m always a fan of “gamble what you can afford to lose” but some people don’t have a sense on determining it by themselves so setting a fixed percentage is good way to test first on how much you can endure losing.

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May 11, 2024, 04:55:59 PM
 #213

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?
How much percentage of your salary you spend on gambling will depend on your monthly salary. From there, if you lose the amount of money, you can use the rest of the money to run smoothly for the whole month, and you can use that amount of money to gamble for fun. But if you gamble more than that amount and lose it, you will be in a lot of trouble. But if you win gambling you will get a lot of money.  In my opinion you should never gamble with extra money.  Because in gambling you can never make a confirmed prediction. so if you have Hughes chances to lose


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May 11, 2024, 05:05:11 PM
 #214

Bro this quick rhetorical, is gambling an investment that you might want to allocate some amount to one monthly basis or do you consider it a source of income, yeah I understand that some has used gambling as a side income stream but my only advice here would be gamble with what you can afford to lose, if possible like a 5% allocation won't be possible bad since its nothing compared to the rest 95%, but make sure you have some wins if not that compiled over time woudl be up to a month's salary wasted on gambling.

Anyone interested in gambling should make it in a more appropriate manner whereby it wont affect him and the relationship of the people around him, we cannot assume gambling as a means of making money, also we should know the risk involved in gambling, for a salary earner, such gambler will think about this twice before making any decision on gambling from his earned monthly salary for gambling, because they already know they have no alternative for survival after salary.

I think most of us already know about the right way to treat gambling so that we don't become one of the gamblers who experience the bad effects of gambling as experienced by some other gamblers who always gamble in the wrong way which will actually only harm themselves, and obviously the right and best approach to gambling is not to think that gambling is a place to earn, because by having this mindset, most likely your goal is to gamble just for fun when you have boring free time.

And also with this mindset, I am sure that you will not do various actions that tend to be excessive, because usually excessive actions in gambling are always owned and done by gamblers who are trying to make money in gambling, which actually makes them in a lot of danger that will continue to lurk in the long run. And also by having an understanding that gambling is not a place to earn then I'm sure whoever it is will not allocate large amounts of money, most likely they will only put small amounts because they think that gambling is just a normal game that requires them to spend some money if they want to be involved in the game, and this approach I think clearly will not disturb the financial balance in his life.
Casual gambling appears innocuous at first. This is the deal: Even joking around is dangerous. Responsible gambling involves budgeting and knowing your thoughts. Many gamblers, even casual ones, fall into mental traps like thinking they can control the game or that the next one will be a win. Being aware of those pitfalls is the first step to avoiding statistics

It's not just about money. Every dollar spent gambling goes into this enormous system that profits from people losing, not having fun. The issue is what happens when everyone thinks so, not whether you can afford to lose a little. If we ignore gambling, we may be condoning its addiction and financial disaster

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May 11, 2024, 05:28:11 PM
 #215

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 quite a rare question that I hear and in my area gambling is not legal so there are limitations that we have to do. If asked what percentage of salary is used in gambling and in my opinion it is relative because everyone has a different salary amount. If you are not an active gambler, perhaps the amount of salary used can be adjusted and the most important thing is that the percentage used is not much greater than other requirements.

I only use a small budget in gambling and until now it has never exceeded the percentage figure of 30 percent of my salary. Usually I only gamble at certain moments and more often on football, because in the past I often played on several gambling platforms, but as time went by I limited it a little.

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May 11, 2024, 06:05:44 PM
 #216

I think it depends on how much you earn and how much your salary is. If you are making a lot every month then maybe spending 5%  is okay if you afford losing that much of money ofcourse.
If you're not making enough I don't suggest you gamble at all, maybe 1% is enough for you. You should prioritise your financial obligations first.

It is always best and preferable to stick to an amount of money you are comfortable with and you can afford losing.

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May 11, 2024, 06:35:41 PM
 #217

Anyone interested in gambling should make it in a more appropriate manner whereby it wont affect him and the relationship of the people around him, we cannot assume gambling as a means of making money, also we should know the risk involved in gambling, for a salary earner, such gambler will think about this twice before making any decision on gambling from his earned monthly salary for gambling, because they already know they have no alternative for survival after salary.

I think you've really identified the key issue here.  Gambling just for entertainment can be fine.  but looking at it like free cash to pay for everything you want? Definitely not a good plan.

People with steady jobs need to be really careful especially.  That paycheck isn't meant to enable a gambling fixation.  It keeps your home and feeds your family.  Though I'd guess folks like that actually appreciate the value of their earnings more, since they worked hard for the money.  Folks who come by cash without much effort tend to spend it casually too. (My opinion and observation only.)

R


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DaNNy001
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May 11, 2024, 07:15:21 PM
 #218

Most persons started off with gambling for fun and after which they have kept a continuous relationship with gamble, they end up becoming addicted. Asking how much of your salary is to be used for gambling is a bit suspicious, and it could mean you have already started using more than you are supposed to use. As gamblers, when you don't understand the function of gambling and you take it as a means of making money, you'll definitely end up spending more than you ought to spend from you salary into gambling.
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May 11, 2024, 07:33:47 PM
 #219

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 see from the looks, seems gambling is legal in your country and that is why your colleagues are confident having gambling discussion in the office.  Since your colleagues could do such openly then it means that your employer could do nothing about it in restraining them during work hours.
Based on your question, your gambling depends on your level of income. They higher you earn, the more money you would want to gamble so in that case, you will have to gamble accordingly to your income level. You can use 5% of your income if you can but 1% would be very much okay so that you do not get worried about your loss if that be the case or end results of your gambling.

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May 11, 2024, 07:45:52 PM
 #220

This question you are asking only you can answer it because it's actually your salary and you are the one who knows how and where you think you will get inconveniences if actually you used the money to gamble. I think setting the money to the range amount in which you can lose and won't get affected by the losses is actually what is needed from you as a gambler because the moment you lose and the funds you lost gets to you then it's now becomes a problem.

We cannot give advice to anyone regarding his money because a person always earned his salary due to his hard work so if he spends this salary in gambling because of the suggestions of others then this suggestion will spoil the life of his family.

I think a person can think about his salary and gambling Activities better than others so don't ask about suggestions to anyone as their financial status and living conditions are different from yours.

If you are earning less income and it can just help you to carry out daily expenses then don't gamble because with gambling you will be unable to provide good quality expenses to your family so try to invest this money which you want to use for gambling.



 

 

 

 

 

 


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