How much of my salary should I use to gamble

[ethereumhunter]

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?

Depends on how much you can afford to lose. i.e. how much financial responsibility you need to take and what your secondary incomes are. If you are earning for yourself and don't have other financial responsibilities like bills and mortgage, a 5-25% of your salary should be the limit. If other people are financially depended on you, you should probably get their consent about how much you should expend on gambling. 25% is the highest an Individual should go. Even if you can afford more, you should also diversify the way you have fun and limit your gambling thrill as it could be addictive.

Even if they already knows that they must use the money they can afford to lose in gambling, they still use more money and backs to playing gambling. They thinks that they can handle their finances well, including to use more money to playing gambling but the fact is they are difficult to manages their money because gambling can makes them gets tempts and keeps playing gambling. No matter if we don't have many things to fills, we don't have to playing gambling because that can saves us to have that money so we can use it for useful things for our family. Playing gambling is just for fun and we must always remember that while we have many things to fills besides our daily needs. So when we remember about that, we will makes sure that we playing gambling moderately and only for fun. We can save our salary for other things that we needs.

[Jody.Drummer]

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?

Depends on how much you can afford to lose. i.e. how much financial responsibility you need to take and what your secondary incomes are. If you are earning for yourself and don't have other financial responsibilities like bills and mortgage, a 5-25% of your salary should be the limit. If other people are financially depended on you, you should probably get their consent about how much you should expend on gambling. 25% is the highest an Individual should go. Even if you can afford more, you should also diversify the way you have fun and limit your gambling thrill as it could be addictive.

Right, that's good management to maintain financial balance in life, like you said that if we are still living alone and don't have financial dependents on other people's presence then yes maybe I would agree with your opinion that they can put 5 - 25% to bet or maybe lower the percentage is better. And if the situation is that they have financial dependents on the presence of other people then obviously they should really consider this, I think the better thing is to only risk 5% of the total income they get because obviously on the other hand they have a lot of dependents that they have to pay and in this way then most likely they will definitely be able to maintain financial balance in the family.

Actually, anything can be done if someone is able to consider with a rational mindset because of course they can definitely make the right decision that suits their situation, but in some cases it is rare that they can think this far about financial management, instead of making everything balanced but instead they take many decisions and actions that have the potential to lead themselves to a much worse situation, and we can already see that it is not uncommon for some gamblers to end up having to separate from their partners due to serious problems in the family economy due to excessive allocation to gambling.

[CryptSafe]

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?

Depends on how much you can afford to lose. i.e. how much financial responsibility you need to take and what your secondary incomes are. If you are earning for yourself and don't have other financial responsibilities like bills and mortgage, a 5-25% of your salary should be the limit. If other people are financially depended on you, you should probably get their consent about how much you should expend on gambling. 25% is the highest an Individual should go. Even if you can afford more, you should also diversify the way you have fun and limit your gambling thrill as it could be addictive.

Your idea of seeking the consent of your dependant  to know how much you could gamble is a good move. You know most times it is good if as a husband or wife as the case may be, seeks the consent of your partner to help you make a clean decision so as not to run into any issues in the future while gambling. If you could do that, I believe you could be able to control your gambling lifestyle and funds as well because you would have to apply caution while gambling and having it in your mind that you can not exceed your gambling budget for the moment. That would prompt you to discipline yourself while gambling and doing that would save you money.

[bakasabo]

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?

Depends on how much you can afford to lose. i.e. how much financial responsibility you need to take and what your secondary incomes are. If you are earning for yourself and don't have other financial responsibilities like bills and mortgage, a 5-25% of your salary should be the limit. If other people are financially depended on you, you should probably get their consent about how much you should expend on gambling. 25% is the highest an Individual should go. Even if you can afford more, you should also diversify the way you have fun and limit your gambling thrill as it could be addictive.

I would say that spending 1/4 of monthly salary is a lot. That isnt gambling for fun anymore. I consider that people who see financial context in gambling might only be able to spend so much. With spending so much, I would also say that gambling addiction or serious problems are not far away. If gambler ever considers chasing losses after spending 1/4 of salary in gambling, a series savings and future budget cutting awaits him.

[lizarder]

I would say that spending 1/4 of monthly salary is a lot. That isnt gambling for fun anymore. I consider that people who see financial context in gambling might only be able to spend so much. With spending so much, I would also say that gambling addiction or serious problems are not far away. If gambler ever considers chasing losses after spending 1/4 of salary in gambling, a series savings and future budget cutting awaits him. 

To be honest it is much better than people who gamble do not have the idea of spending money on what percentage, with the target in spending money from salary will make someone able to control gambling. For example, when it has exceeded the target of money they spent, they can stop and not continue on the month so that they can make finances much more stable. Instead of gambling in the absence of the amount of budget you want to spend and usually people like this will continue to gamble without limits.

Of course the most important thing is how a person can maintain the financial percentage they spend and dependence in gambling must be able to be controlled by preparing the percentage of the budget spent. It's my view and others may have different ways of thinking because it is impossible for everyone to have the same opinion.

[Negotiation]

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

If its something you can afford to lose go for it, but if its not and you're living paycheck to paycheck whatever amount that you came up with in your head use 75% of that amount to invest back into bitcoin or by some other investment oriented offering. I wish you the best of luck with your endeavors, may you win big! Try not to gamble a large portion of your salary away if you can help it!

I agree chances of losing in gambling are high so bitcoin investment is the right decision as there is no risk and your capital will grow over time. But not everyone's attitude is the same.There is no standard percentage that applies to all gambles if gambling is desired as practicing responsible gambling involves setting personal limits based on one's financial situation and overall budget. It is very important for individuals to gamble responsibly and not risk more money than they can afford to lose and not expect to win big and lose everything to win big.

[lovesmayfamilis]

A bit of a strange question that sounds like “should.” Shouldn't gambling be a one-time event, not a regular one? I understand that we must have some kind of release from all those life situations that sometimes seem too difficult, but we should not play regularly. Of course, this is just my opinion; although I have had several successful experiences at the casino, anyone will want to spend time there more often. However, you should not play with money that you will depend on in the future.

[bakasabo]

To be honest it is much better than people who gamble do not have the idea of spending money on what percentage, with the target in spending money from salary will make someone able to control gambling. For example, when it has exceeded the target of money they spent, they can stop and not continue on the month so that they can make finances much more stable. Instead of gambling in the absence of the amount of budget you want to spend and usually people like this will continue to gamble without limits.

Of course the most important thing is how a person can maintain the financial percentage they spend and dependence in gambling must be able to be controlled by preparing the percentage of the budget spent. It's my view and others may have different ways of thinking because it is impossible for everyone to have the same opinion.

In the first sentence you say that a gambler should not stick to a specific amount he is able to spend, but in the second you mention that having a target amount is good, because it will stop from continuing spending. Where is the truth then? How can a gambler stick to budget if he does not have a budget? A gambler without limits and money management is programmed to lose.

Anyone calculate their own amount they can spend on gambling, but this amount should not be very low, because gambler wont feel effect of winning, and should not be high, because risk meter will extremely high. From my point of view, spending monthly 5-10% of salary on any kind of entertainment is enough.

[bitterguy28]

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?

First - Do you understand gambling totally ?

Second - how much of your salary is the amount that you can a ford losing each time.

Third - Do your family permit you to gamble?


Mate never forget about how many lives have been wasted because of gambling so better know your plans before engaging because there is only a small chance of regretting before ruining all.

[wxa7115]

I agree chances of losing in gambling are high so bitcoin investment is the right decision as there is no risk and your capital will grow over time. But not everyone's attitude is the same.There is no standard percentage that applies to all gambles if gambling is desired as practicing responsible gambling involves setting personal limits based on one's financial situation and overall budget. It is very important for individuals to gamble responsibly and not risk more money than they can afford to lose and not expect to win big and lose everything to win big.

Even if it is true that investing is a better option than gambling when it comes to making our money grow, at the same time most of those that gamble have no intention to benefit economically from it, and they just want to have some fun, also investing in bitcoin carries a risk, like any other investment, as the moment in which you invest your money is key.

Finally if a person is thinking about gambling with some kind of regularity then they need to set limits, and once they have done so, they can adjust them later on depending on how they feel about them.

[TopTort777]

My God, we are discussing for so many pages how one guy should spend his money... There is not magic number or one correct answer for his case. OP - you should spend as much as you want and the way you want it. Dont listen to anyone. Be an adult ffs at least once. Learn everything yourself. What next? You would ask how much should you bet? Or we should decided what you should bet on? Then just give your money to someone if you are so sissy to make your own decision.

[EarnOnVictor]

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?

Depends on how much you can afford to lose. i.e. how much financial responsibility you need to take and what your secondary incomes are. If you are earning for yourself and don't have other financial responsibilities like bills and mortgage, a 5-25% of your salary should be the limit. If other people are financially depended on you, you should probably get their consent about how much you should expend on gambling. 25% is the highest an Individual should go. Even if you can afford more, you should also diversify the way you have fun and limit your gambling thrill as it could be addictive.

Nice try! And I must say you have a good justification for what you said though, they are constructive enough but gambling is beyond that and so is the way gamblers should engage it. This is why I say there are no certain/perfect means of knowing the amount you will be committing to gambling from what you earn. Considering all that you wrote, have you also considered the affinity of the person to gambling? If it is less, no matter the calculation you made based on this kind of consideration, it will never work. Such a person who has a little affinity for gambling might earn as much as $5,000 in a month and gamble just $20 of it. This is because his interest is not in gambling, so why commeasure his earnings with gambling? Such kinds of people will gamble when they feel like it, as it is not what will sustain them for a living but just an extra activity that they do if they feel like it, even as other alternative activities are there that will not put their money at risk like gambling.

However, the other set are the ones who have a high affinity for gambling, and even at that, there are different categories of them. There are some that will be neutral with their calculation based on bills to be paid and other considerations as you iterated above to come up with the amount they can afford for gambling. These are still the ones that are sane with it, they are responsible gamblers and know what they are doing. But there are core gamblers who will not even regard anything so seriously. After taking out the money needed for necessities and important bills, be sure that the rest amount is not safe in their hands anymore. But still, I advise anyone no matter their addiction to gambling to be responsible towards it. And no matter how much they love gambling, a clear sense of calculation to know the right amount to gamble from their earning is important.

It doesn't have to be bill payments and others also, there should be extra money for savings and investments (purpose and retirement) and even extra for unforeseen circumstances as well. Lastly, the money for gambling should be taken out of a huge sum and not out of scarce resources. Let us just be wise and think about our future and that of our dependents above anything else.

[Wakate]

My God, we are discussing for so many pages how one guy should spend his money... There is not magic number or one correct answer for his case. OP - you should spend as much as you want and the way you want it. Dont listen to anyone. Be an adult ffs at least once. Learn everything yourself. What next? You would ask how much should you bet? Or we should decided what you should bet on? Then just give your money to someone if you are so sissy to make your own decision.

Honestly it surprised me seeing how people keep discussing about how to use pay of their salaries to gamble. This is not what we should be writing about. We can always make money from gambling but that should not make us to carry our monthly salary to play bets. There are things I don't think we need to do which could be very surprising when I see such kind of discussion. Gambling is always fun even though we are using part of our salary but one just have to be very careful because any slight mistake or greed could make us to lose money in betting. Greed could be the problem that could make us to carry our one month salary to play bets.

[TopTort777]

My God, we are discussing for so many pages how one guy should spend his money... There is not magic number or one correct answer for his case. OP - you should spend as much as you want and the way you want it. Dont listen to anyone. Be an adult ffs at least once. Learn everything yourself. What next? You would ask how much should you bet? Or we should decided what you should bet on? Then just give your money to someone if you are so sissy to make your own decision.

Honestly it surprised me seeing how people keep discussing about how to use pay of their salaries to gamble. This is not what we should be writing about. We can always make money from gambling but that should not make us to carry our monthly salary to play bets. There are things I don't think we need to do which could be very surprising when I see such kind of discussion. Gambling is always fun even though we are using part of our salary but one just have to be very careful because any slight mistake or greed could make us to lose money in betting. Greed could be the problem that could make us to carry our one month salary to play bets.

But I am surprised when people like "I have money, tell or teach me how to spend them". This is not kindergarten. I am shocked to see when adults ask for such things. Be the master of your own money. All in all you have earned them, not us. So spend them they way you want. And it is not imho about greed. It is about having hesitations. If a guy already has such approach, then I wish him big luck on being successful in gambling.

[Betwrong]

If we are interested in gambling that much, then no one is against it, if we have decided to use the entire earnings from our salary to gamble, that is still our business and decision, ~

It's only like that when no one is depending on you. If you live alone, have no friends and no relatives, then indeed you can bet how much you want. You can lose your entire salary and try to live on water only for the next month. It's your decision to make. But you can't do that if you have a family, because the money you earn is not only yours then. You should never put the money that is not yours to risk.

[madnessteat]

My God, we are discussing for so many pages how one guy should spend his money... There is not magic number or one correct answer for his case. OP - you should spend as much as you want and the way you want it. Dont listen to anyone. Be an adult ffs at least once. Learn everything yourself. What next? You would ask how much should you bet? Or we should decided what you should bet on? Then just give your money to someone if you are so sissy to make your own decision.

Honestly it surprised me seeing how people keep discussing about how to use pay of their salaries to gamble. This is not what we should be writing about. We can always make money from gambling but that should not make us to carry our monthly salary to play bets. There are things I don't think we need to do which could be very surprising when I see such kind of discussion. Gambling is always fun even though we are using part of our salary but one just have to be very careful because any slight mistake or greed could make us to lose money in betting. Greed could be the problem that could make us to carry our one month salary to play bets.

But I am surprised when people like "I have money, tell or teach me how to spend them". This is not kindergarten. I am shocked to see when adults ask for such things. Be the master of your own money. All in all you have earned them, not us. So spend them they way you want. And it is not imho about greed. It is about having hesitations. If a guy already has such approach, then I wish him big luck on being successful in gambling.

There are many people in the world who for one reason or another do not want to make their own decisions and take responsibility for actions that may lead to losses. I can assume that psychologically it is easier for such people to part with lost money, because in their understanding they made a mistake relying on other people's advice and opinions. Of course, even with this approach, the responsibility and risks still lie only on the gambler.

[kotajikikox]

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?

Do you have a wife? if does then better talk to her for how much are you carry to rik and lose for your gambling activities .

but if you are still single? then better ask your self if what is your future plans , because it is you that will suffer in the sooner time.

remember that n gambling there are no rewind , you cannot bring back the funds that you have already lose.

[TopTort777]

My God, we are discussing for so many pages how one guy should spend his money... There is not magic number or one correct answer for his case. OP - you should spend as much as you want and the way you want it. Dont listen to anyone. Be an adult ffs at least once. Learn everything yourself. What next? You would ask how much should you bet? Or we should decided what you should bet on? Then just give your money to someone if you are so sissy to make your own decision.

Honestly it surprised me seeing how people keep discussing about how to use pay of their salaries to gamble. This is not what we should be writing about. We can always make money from gambling but that should not make us to carry our monthly salary to play bets. There are things I don't think we need to do which could be very surprising when I see such kind of discussion. Gambling is always fun even though we are using part of our salary but one just have to be very careful because any slight mistake or greed could make us to lose money in betting. Greed could be the problem that could make us to carry our one month salary to play bets.

But I am surprised when people like "I have money, tell or teach me how to spend them". This is not kindergarten. I am shocked to see when adults ask for such things. Be the master of your own money. All in all you have earned them, not us. So spend them they way you want. And it is not imho about greed. It is about having hesitations. If a guy already has such approach, then I wish him big luck on being successful in gambling.

There are many people in the world who for one reason or another do not want to make their own decisions and take responsibility for actions that may lead to losses. I can assume that psychologically it is easier for such people to part with lost money, because in their understanding they made a mistake relying on other people's advice and opinions. Of course, even with this approach, the responsibility and risks still lie only on the gambler.

I can only suggest such people to give the money they want to spend on gambling to me. I will play and they will watch. If I win, they get everything. If I lose; they will lose those money anyway, because of their hesitation and disability to take a risky decision.

I can never understand people who dont know how to spend their money. I always ask them why they even work then if they dont need money? What can I even suggest something to a person who ask how much he should spend on gambling, when I dont even know if he will listen to my advice? It will be advice based on my experience of gambling. But we are all different.

[7juju]

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.

[nullama]

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.

Yeah, it is so crazy that you can do that, but no one really cares, it is up to the government to check everything...

Any problem gambler can continue gambling their money away