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Author Topic: How much of my salary should I use to gamble  (Read 2112 times)
irsykes
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May 22, 2024, 06:29:23 PM
 #301

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
It means that gambler is addicted and he will not be able to achieve anything from his salary for using all of it to gamble without looking back. It is good that a gambler shoukd have his gamble budget for his gambling activities in order for him not to run at great loss like using all his bankroll to gamble.

Let me say I only use 1% to gamble because I earn little and I don't see gamble as something that I cannot do without, since I only entertain myself with it. I love sportbet and I place my bet on my favorite teams in which I also watch the match to enjoy the fun.
really need to pay attention to your gambling budget so that you can control it. The gambling budget from my salary is 5% every month specifically for my entertainment. betting on football is very exciting for the team we like. Winning and losing is normal, but having a favorite football team is fun for me. Most football fans will know about the team strategy that will be played

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May 22, 2024, 06:47:49 PM
 #302

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.
Someone who had worked all day long until receiving his salary and spending it in betting is totally out of his mind. While I know that there are people that are totally out of their minds.

Doing this is on the next level of craziness, you don't gamble with all of your salary but yes, you're free to do that and no one is going to stop you because that's your money and not ours.


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May 22, 2024, 07:28:33 PM
 #303

Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work,  so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble?
You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling.

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



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May 22, 2024, 07:39:19 PM
 #304

I will use as an example what i use in my trades, something around 2 to 5% or less, of course this is my opinion and depends on the person and the risk exposure that each person is willing to take.

Of course, trading in crypto, shares etc. is very different from gamble, but I just gave an example of what I know, both are part of variable income...

Of course, if you are not doing well in betting, you can simply expose less of your capital in this market and adjust your strategies accordingly, seeing your flaws and working on your emotions...

We generally bet to have fun or even pass the time, we should never think of it as a guaranteed source of income.

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May 22, 2024, 07:47:40 PM
 #305

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
It means that gambler is addicted and he will not be able to achieve anything from his salary for using all of it to gamble without looking back. It is good that a gambler shoukd have his gamble budget for his gambling activities in order for him not to run at great loss like using all his bankroll to gamble.

Let me say I only use 1% to gamble because I earn little and I don't see gamble as something that I cannot do without, since I only entertain myself with it. I love sportbet and I place my bet on my favorite teams in which I also watch the match to enjoy the fun.
really need to pay attention to your gambling budget so that you can control it. The gambling budget from my salary is 5% every month specifically for my entertainment. betting on football is very exciting for the team we like. Winning and losing is normal, but having a favorite football team is fun for me. Most football fans will know about the team strategy that will be played
Yes of course even if we are really that saying that you are really just that playing for fun but doesnt mean that you wont really be that mindful on the amounts that you are making use of the said activity.
Even if we do say that this is really just that indeed for leisure but doesnt mean that we would really be that careless on how we do spend because at the moment you would really be that putting up yourself
on such condition where spending or using up money which arent supposed to be used that way could really mess up your life if you wont really be that careful. Speaking about % of your salary to be spend on gambling
then it should really be playing around 3-5% i must say on which i could tell that this is really that a safe threshold for you to consider but shockingly there are really that using up even 50% or even more.

On the moment that you would really be able to experience on that overspending too much or would be out of budget then this is where you would really be starting to realize that you shouldnt
have done such thing. Well, people do made mistakes but doesnt mean that you would really be tolerating it. As much as you could then you should really be that stopping on trying out to spend
on the amount on which you cant afford to lose. Leisure is good but putting up much money or spending on it will really be fucking you up later on.

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May 22, 2024, 08:24:56 PM
 #306

If you're a kind of a wise person, you will eventually think that using all of your salary is not a good advice because there's a lot of things may happen in just a snap and in just one wrong move in your bets so it's really up to a person how risk taker and decision maker they are.
How are you going to gamble with all your salary? I don’t even think someone with his right senses will do something like that. What if you decide to gamble with all your salary and you lose everything, How are you going to survive for that month? What are you going to feed yourself and your family members with? How are you going to pay your bills? Seriously, the risk is just too high. When gambling, we should know the chances of losing are higher than the chances of winning, so taking that kind of risk doesn’t make sense, and I know only addicted gamblers will take risks like that.

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May 22, 2024, 09:05:27 PM
 #307

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.
Someone who had worked all day long until receiving his salary and spending it in betting is totally out of his mind. While I know that there are people that are totally out of their minds.

Doing this is on the next level of craziness, you don't gamble with all of your salary but yes, you're free to do that and no one is going to stop you because that's your money and not ours.

An employee has a lot of addiction if all of his hard work is devoted to gambling. It's not right, and it's not normal to look at it like that, for sure. Although it is their money and they are the only ones who have freedom with the money they have worked for, that's why they are not spending their hard-earned money wisely.

What if you are a middle-aged person and that happens? Your family will only starve, which can lead to the destruction of your family just because of the gambling addiction you have. So, gambling wisely with discipline and self-control is still really needed, so just have the right allocation when gambling.

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May 23, 2024, 11:51:20 AM
 #308

~snip~
An employee has a lot of addiction if all of his hard work is devoted to gambling. It's not right, and it's not normal to look at it like that, for sure. Although it is their money and they are the only ones who have freedom with the money they have worked for, that's why they are not spending their hard-earned money wisely.

What if you are a middle-aged person and that happens? Your family will only starve, which can lead to the destruction of your family just because of the gambling addiction you have. So, gambling wisely with discipline and self-control is still really needed, so just have the right allocation when gambling.

Yeah, the thing is that gambling is basically a cost.

Most people try to think of it as a source of money, but it is quite the opposite.

As long as you keep your expenses in gambling in check, you will probably be alright.

If you try to make extra money gambling, you will probably end up losing it all.
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May 23, 2024, 01:56:21 PM
 #309

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.
Someone who had worked all day long until receiving his salary and spending it in betting is totally out of his mind. While I know that there are people that are totally out of their minds.

Doing this is on the next level of craziness, you don't gamble with all of your salary but yes, you're free to do that and no one is going to stop you because that's your money and not ours.

An employee has a lot of addiction if all of his hard work is devoted to gambling. It's not right, and it's not normal to look at it like that, for sure. Although it is their money and they are the only ones who have freedom with the money they have worked for, that's why they are not spending their hard-earned money wisely.

What if you are a middle-aged person and that happens? Your family will only starve, which can lead to the destruction of your family just because of the gambling addiction you have. So, gambling wisely with discipline and self-control is still really needed, so just have the right allocation when gambling.
They know the consequences for doing such actions. You know what's your priority and if you priority first gambling than your family.

Then, you are the problem and you need to solve that within you. Your family is going to starve and the sad truth is that this truly happens in real life.


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May 23, 2024, 02:35:18 PM
 #310

Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work,  so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble?
You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling.

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

I want you to sit down and calculate your monthly expenses and then compare to a your salary most time it more higher than the salary it self, using the entire salary to gambling is a risky game because if you lose everything you are harming yourself because you will never be confortable throughout the next months, and before salary doesn't satisfy all our needs in a month, they funny things is that there are important expenses that needs to be attend to which are feeding, and health the remaining things can be manageable.

R


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May 23, 2024, 02:58:55 PM
 #311

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
It means that gambler is addicted and he will not be able to achieve anything from his salary for using all of it to gamble without looking back. It is good that a gambler shoukd have his gamble budget for his gambling activities in order for him not to run at great loss like using all his bankroll to gamble.

Let me say I only use 1% to gamble because I earn little and I don't see gamble as something that I cannot do without, since I only entertain myself with it. I love sportbet and I place my bet on my favorite teams in which I also watch the match to enjoy the fun.
really need to pay attention to your gambling budget so that you can control it. The gambling budget from my salary is 5% every month specifically for my entertainment. betting on football is very exciting for the team we like. Winning and losing is normal, but having a favorite football team is fun for me. Most football fans will know about the team strategy that will be played
Yes of course even if we are really that saying that you are really just that playing for fun but doesnt mean that you wont really be that mindful on the amounts that you are making use of the said activity.
Even if we do say that this is really just that indeed for leisure but doesnt mean that we would really be that careless on how we do spend because at the moment you would really be that putting up yourself
on such condition where spending or using up money which arent supposed to be used that way could really mess up your life if you wont really be that careful. Speaking about % of your salary to be spend on gambling
then it should really be playing around 3-5% i must say on which i could tell that this is really that a safe threshold for you to consider but shockingly there are really that using up even 50% or even more.

On the moment that you would really be able to experience on that overspending too much or would be out of budget then this is where you would really be starting to realize that you shouldnt
have done such thing. Well, people do made mistakes but doesnt mean that you would really be tolerating it. As much as you could then you should really be that stopping on trying out to spend
on the amount on which you cant afford to lose. Leisure is good but putting up much money or spending on it will really be fucking you up later on.
sometimes the budget is 5% of my salary not always all the time. When the balance starts to go to zero, from the growth of bringing in 5% of my salary, it can increase many times over and I can withdraw money to achieve my target. When the balance started to go to zero I made a deposit from yesterday's winnings. I'm not always ambitious because I've had bad experiences that I don't want to repeat

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May 23, 2024, 04:32:24 PM
 #312

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.
That is not just about gambling, there are a lot of people who just have no idea what they want out of life. I am the type of person if you give me a billion dollars and 100 hours a day instead of 24, I would still not be able to do all the things I want to do in a life, I know that when I pass away, there will be a lot of things I will wish I did, because I have so many things I already decided that I want to do, on top of that I have absolutely NO money at all, quite poor, have a lot of debt, work 8-12 hours a day, and people do not realize that I do not do even 10% of what I want to do.

A lot of people are not like that, you can give them just one hour of free time and they will just scroll instagram and tiktok, not doing anything.

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May 23, 2024, 04:43:18 PM
 #313

I want you to sit down and calculate your monthly expenses and then compare to a your salary most time it more higher than the salary it self, using the entire salary to gambling is a risky game because if you lose everything you are harming yourself because you will never be confortable throughout the next months, and before salary doesn't satisfy all our needs in a month, they funny things is that there are important expenses that needs to be attend to which are feeding, and health the remaining things can be manageable.
It is foolish when someone does not leave their salary for other needs, but instead uses it for gambling.
A professional in gambling alone will not commit such stupid acts, they have their own financial management,
so the money earned from the salary will not go into gambling in all.

Indeed, it is very risky for larger losses, gambling should have a limited allocation of funds and even smaller than the expenses that must be made.
I consider gambling as entertainment only and the money used will not exceed the limit for an entertainment.

People who lose everything from gambling usually have no control on spending on gambling, or they are too addicted and can't stop to keep making deposits.

Self-control and good management will be very important to overcome the problem.

 
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May 26, 2024, 02:00:12 AM
 #314

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.

This is very true, sometimes you, as a person unrelated to what another person may think about your money management, can say and establish something, some criterion, such as saying, that you allocate 1% of your salary, or maybe more, or Everything Just as you say, but each person has their own particular way and their needs to be covered, according to that they Establish how they can do to be able to set a range of expenses for that, because it is a delicate issue, we do not know what the economic situation is like, For a A person who is economically well established with a privileged position can bet more and lose more, but for a person who has everything square, sometimes he cannot even assign a percentage or an amount because he cannot.


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May 27, 2024, 05:40:55 AM
 #315

It is foolish when someone does not leave their salary for other needs, but instead uses it for gambling.
A professional in gambling alone will not commit such stupid acts, they have their own financial management,
so the money earned from the salary will not go into gambling in all.

Indeed, it is very risky for larger losses, gambling should have a limited allocation of funds and even smaller than the expenses that must be made.
I consider gambling as entertainment only and the money used will not exceed the limit for an entertainment.

People who lose everything from gambling usually have no control on spending on gambling, or they are too addicted and can't stop to keep making deposits.

Self-control and good management will be very important to overcome the problem.
One of the characteristics of addiction, if not the most important one, is that the person is unable to stop even when they are aware the consequences of not doing so can be devastating.

So if a person has reached that stage, they need to ask for help to their family members and allow them to have control over some aspects of their life, so they can keep them from repeating the same mistakes over and over again, a difficult decision without a doubt, as society as a whole looks down on people that cannot control themselves.
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May 27, 2024, 06:19:48 AM
 #316

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.
Someone who had worked all day long until receiving his salary and spending it in betting is totally out of his mind. While I know that there are people that are totally out of their minds.

Doing this is on the next level of craziness, you don't gamble with all of your salary but yes, you're free to do that and no one is going to stop you because that's your money and not ours.
But still, you will have to think about your expenses, your bills, your budget for food, and other things that need to be bought. If not, then we will have more problems in the future. I had my share of regrets for wasting money in a day although I didn't deplete my whole salary. It got me thinking the "what if's". What if I didn't gamble at all? What if I saved that, I may have the money to buy the stuff that I wanted for a long time.
Those are the questions that will linger in our minds whenever we gamble everything that we have or even just half of it. It's always better to just set an amount that we can afford to lose, it means it will not affect the other expenses either it's monthly or weekly basis. We have to be disciplined in doing this or we will get in trouble until we sink into debt.

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May 27, 2024, 06:22:41 AM
 #317

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 most important thing is for every income earning gambler to learn how to gamble responsibly, that will help the person to plan the amount that they use for gambling. The income earner should have a budget for his expenditures, and he should be very disciplined to adhere to the percentage that he has mapped out for gambling, without discipline, the gambler can be carried away and exceed the planned amount for gambling. The amount of money to take from salary for gambling should be the decision of the gambler, their other responsibilities will determine how much they will gamble in a week or month, I will however suggest less than 5% of total income.











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May 27, 2024, 07:05:49 AM
 #318

Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work,  so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble?
You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling.

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

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

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May 27, 2024, 07:21:05 AM
 #319

-snip-
That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .
If you don't have good self-control and don't have a budget limit on gambling, then you will lose all of that budget even if you have many sources of income. A gambling budget limit should be set if you don't want to lose it all, it is advice that should be taken into consideration so that you can be considered a responsible gambler.

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

 
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May 27, 2024, 07:41:24 AM
 #320

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

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

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