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Author Topic: How much of my salary should I use to gamble  (Read 2104 times)
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May 27, 2024, 04:02:10 PM
 #341

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 you're asking how much of your income to gamble, I'd say spend 1%-5% of your income on gambling. There are many people who do not set any budget for gambling, they participate in gambling constantly, constantly participating in gambling as a result of which at some point it is seen that they have completely ruined their lives. I don't know how much is your yearly or weekly salary but I won't consider it I would just say spend 1%-5% of your income on gambling If you can spend 1% to 5% of your income on gambling then you can be safe on casino platform for gambling. I always spend 1% to 5% of my income on gambling, except for this fixed budget, I don't spend any extra money on gambling.

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May 27, 2024, 04:13:02 PM
 #342

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?
Well, I think this largely depends on how much money you are earning as a salary, like me for example, I am no longer working and earning salary, but I have been there before, and though I wasn't really into gambling then, I've never used more than 1 to 5 percent of my salary for gambling.

But then also, you have to also consider some factors as well, if you are not married, and don't have other responsibilities aside from looking after yourself and feeding, then maybe the best percentage that should be used for gambling should not be more than 5 percent, depending on how much you are earning and how much you love gambling.

But then, if you are a family man with wife and children responsibilities, then, I would say it advice that you do not use more than 1 percent of your salary income for gambling, this is to enable you have enough money for your self and your family, and other unforseen expenditures.

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May 27, 2024, 05:07:47 PM
 #343

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 .

The source of income for each gambler is different. Some may be getting salaries on the job while others may be doing business. Also, some may get more salary and make more money while others may earn less. Also, some people have more expenses as compared to others. Therefore we cannot say how much salary or how much % of salary or income one can devote to the gambling. The figure may vary from person to person and more importantly, it depends on the financial condition of the gamblers.
Not everyone's income is the same. Some earn a lot of money in a month and some earn a small amount in a month. Some can afford to lose more money gambling and some can afford less. Now you should consider yourself how much money you can afford to spend on gambling. Gambling is usually played for fun, so you can gamble for fun. Never get addicted to gambling and spend a lot of money gambling. Gambling depends on luck, if luck is good you will win if luck is bad then you will lose.

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May 27, 2024, 05:30:28 PM
 #344

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 .

The source of income for each gambler is different. Some may be getting salaries on the job while others may be doing business. Also, some may get more salary and make more money while others may earn less. Also, some people have more expenses as compared to others. Therefore we cannot say how much salary or how much % of salary or income one can devote to the gambling. The figure may vary from person to person and more importantly, it depends on the financial condition of the gamblers.
Not everyone's income is the same. Some earn a lot of money in a month and some earn a small amount in a month. Some can afford to lose more money gambling and some can afford less. Now you should consider yourself how much money you can afford to spend on gambling. Gambling is usually played for fun, so you can gamble for fun. Never get addicted to gambling and spend a lot of money gambling. Gambling depends on luck, if luck is good you will win if luck is bad then you will lose.
Gambling with our salary requires caution and management because a gambler who jokes with his salary is mainly joking with his business or work. The funds we earn is meant to be used in running the business and when they is no money to move a business the person will definitely fail in his field. Hence, it's crucial for a gambler to be careful with the percentage of money he takes out from his salary to gamble. A thread in previous months was centered on wagering at least 10% of our salary every month. That way the player will be able to enjoy the game and not lose out a lot.

Gambling can be tricky and a player would think he already posses enough luck to win in gambling, thereby wagering too much money till his income gets exhausted. Here the problem will kick in because no money will be left to pursue the business. Taking loans would be the next choice for the gambler and he would be surprised at how his business may start to crumble as the borrowed may still be invested back to gambling. How then will a player make money for gambling if not through his income? Managing it is the main point. It's fine to wager from our salary. Money is made to be spent on this we enjoy.

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May 27, 2024, 05:59:57 PM
 #345

Very quick answer here because simplicity is always best in any situation which can get more complicated over time.

Don't use any of your salary for that month, don't play in this way as it requires a steel will which most of us don't have.   Play with your savings not your salary, simple difference the money is free and clear if already saved.

If you are juggling the books between salary and bills and hoping the days after pay but before bills need paying it gives time to gamble, that part is the first mistake of many is my rough thinking.

Don't start off on the wrong step if you are going to take this on as a serious proposition.   Alternatively just play for fun and learn the game but don't begin expecting to win as if you are experienced, its an ego and discipline aid to a good attitude.

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May 27, 2024, 06:35:52 PM
 #346

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?
Since you are a beginner, then it’s not more than 5% and you shouldn’t play for everything at once, but this is enough to understand what you like best. But don’t forget to take breaks and play after a month so there is a chance that you won’t get sucked into gambling.You need to immediately control your budget and don’t give in to excitement.

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May 27, 2024, 08:22:06 PM
 #347

Since you are a beginner, then it’s not more than 5% and you shouldn’t play for everything at once, but this is enough to understand what you like best. But don’t forget to take breaks and play after a month so there is a chance that you won’t get sucked into gambling.You need to immediately control your budget and don’t give in to excitement.
I do not use more than 5% of my weekly income to gamble weekly. There are days that I may not use up to that amount in percentage. But I have seen days that I may just go for a slightly high odd with all the 5% and use it to gamble which the result may not take more than 10 seconds. If I lose, I stop gambling for that day but if I wn I also stop gamble for that day. I like when I win but I do not mind to lose. It is gambling it might or might not favour.

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May 27, 2024, 09:20:28 PM
 #348

If you're asking how much of your income to gamble, I'd say spend 1%-5% of your income on gambling. There are many people who do not set any budget for gambling, they participate in gambling constantly, constantly participating in gambling as a result of which at some point it is seen that they have completely ruined their lives. I don't know how much is your yearly or weekly salary but I won't consider it I would just say spend 1%-5% of your income on gambling If you can spend 1% to 5% of your income on gambling then you can be safe on casino platform for gambling. I always spend 1% to 5% of my income on gambling, except for this fixed budget, I don't spend any extra money on gambling.

Percentage wise might not be a good recommendations because we don't even know what OP earn a year. If you recommend 1-2% for him and he earn $100 a month, that means $1-$5 is what he has an allocation for gambling, how does he even divide that amount to wager? His wager will be limited to some games because if for instance he wager $1 for dice, he get to try it 5 times max and if he is using casino that ask for higher limit wager, he wouldn't be able to gamble for that number of times.

If OP is earning withing the range of $100 dollars, $10 is good amount for gambling just to be sufficient, $500 above should go between $25-$30 and $1000 should be $50 but all this will be useless if you don't understand how to gamble. It's better you have understanding your of gambling before asking all this otherwise even if you use $1000 dollar to bet, you are likely to lose all.

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May 28, 2024, 09:02:15 AM
 #349

If you're asking how much of your income to gamble, I'd say spend 1%-5% of your income on gambling. There are many people who do not set any budget for gambling, they participate in gambling constantly, constantly participating in gambling as a result of which at some point it is seen that they have completely ruined their lives. I don't know how much is your yearly or weekly salary but I won't consider it I would just say spend 1%-5% of your income on gambling If you can spend 1% to 5% of your income on gambling then you can be safe on casino platform for gambling. I always spend 1% to 5% of my income on gambling, except for this fixed budget, I don't spend any extra money on gambling.

Percentage wise might not be a good recommendations because we don't even know what OP earn a year. If you recommend 1-2% for him and he earn $100 a month, that means $1-$5 is what he has an allocation for gambling, how does he even divide that amount to wager? His wager will be limited to some games because if for instance he wager $1 for dice, he get to try it 5 times max and if he is using casino that ask for higher limit wager, he wouldn't be able to gamble for that number of times.

If OP is earning withing the range of $100 dollars, $10 is good amount for gambling just to be sufficient, $500 above should go between $25-$30 and $1000 should be $50 but all this will be useless if you don't understand how to gamble. It's better you have understanding your of gambling before asking all this otherwise even if you use $1000 dollar to bet, you are likely to lose all.
I sometimes think that no one respects these percentages, because it puts players in strict limits that no one likes. Everyone wants to feel free, so almost all players will end up betting randomly and breaking these rules. It will be enough for them to have several small losses in a row or one bet in which they were confident, but it did not win. These and other reasons simply kill the calm player in us who played by the rules, anger and a thirst for roleplay appear, and it is at this moment that everything begins to collapse and the player turns into a wild monkey who cannot control himself. I’ve been through this myself and know how it happens, that’s why I focus on it. I want to say that most players can do this, but fortunately not all.

R


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May 28, 2024, 09:51:22 AM
 #350

~ 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

It's a good approach to gambling, mate. Try to play only from the money you won earlier. And if, because of bad luck, you are out of those money, then, if gambling is what makes you entertained, makes you relaxed, helps you take a break from your hard work, you can make another deposit, but not more than 5% of your monthly salary per month, or, around 1.5% of your salary per week. Never go over that limit.

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May 28, 2024, 12:57:52 PM
 #351

Since you are a beginner, then it’s not more than 5% and you shouldn’t play for everything at once, but this is enough to understand what you like best. But don’t forget to take breaks and play after a month so there is a chance that you won’t get sucked into gambling.You need to immediately control your budget and don’t give in to excitement.
I do not use more than 5% of my weekly income to gamble weekly. There are days that I may not use up to that amount in percentage. But I have seen days that I may just go for a slightly high odd with all the 5% and use it to gamble which the result may not take more than 10 seconds. If I lose, I stop gambling for that day but if I wn I also stop gamble for that day. I like when I win but I do not mind to lose. It is gambling it might or might not favour.
Limiting not more than 5% is a good idea or perhaps he can lowered it for more as he is still beginner who needs more things to learn before he can familiar with gambling. After all, as someone who new in gambling needs to knows that playing gambling using limited money is enough as playing gambling is not for makes money. If he know the reason of playing gambling is for entertainment, he will not try to use more money because that can makes him lose more money. Using not more than 5% for beginners still too risky because he can lose control that can lead them add more money to playing gambling.

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May 28, 2024, 01:16:09 PM
 #352

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?


My opinion about playing Gambling. Gambling is like an addiction. If you take gambling as a recreation, then very soon you will be addicted to gambling. So my request is to avoid gambling. No one can't happy to invest in gambling and earn much more money from it. If one earns more from gambling then he wants more than previously. In this way, he will deeply engage in gambling and a few months later he will lose all of his property.



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May 28, 2024, 01:30:17 PM
 #353

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?

Sometimes is good to ask yourself the reason why you choose to gamble because in most cases it could be that you decided to joined gambling based on the fact that you saw your friends or colleagues gambling without actually knowing how it works, so if perhaps you decided to join because of your friends I think you should think twice before joining because you can easily be vulnerable of becoming a victim were as you will find it very difficult controlling yourself while gambling.

However in terms of knowing the percentage from your salary that would be good using to gambling, I think 3% to 4% will be okay depending on the amount you received, however I would strongly advise you to stick on that amount or percentage on monthly basis and never to go above that on the process, however another method is that instead of using the whole percentage to gamble at once you could break it down by using it to gamble on weekly basis because with this you have more good chances of making some win.

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May 28, 2024, 01:35:53 PM
 #354

If you can do it, don't use any of that to gamble, most cases that you can do this is if you've got a side hustle where you can easily supplement your gambling habits since you've got an extra income. If you're not that person that I'm talking about, you probably shouldn't portion your salary to satisfy your gambling needs, most of the time, you're going to end up with nothing and that money that you will allocate will definitely be not enough for the gambling session. If you're the kind of person that's got a salary that's on the 5 or 6 digit territory already, you're probably good with a 10% of that being used for gambling if you really can't help it.

The thing is that most gamblers would be better off if they simply saved (or even better, invested) their side hustle income instead of using that extra money for gambling.

But I guess the thing that is different is that they are buying some kind of "hope" to become rich, which won't happen if they simply save or invest the money.

Ironically, over time, they might get wealthier if they don't gamble.
That's the dream but you're talking about people that wants to gamble here which means that the only thing that you can do in that situation is to give what they want you to say which just so happens to be the budgeting in their gambling habit, in that kind of situation, you'd probably be better off just telling them what they want to hear since there's no way that they'd listen to you anyway. I guess you could say that, they're hoping that their bet could be the one that would change their life forever but the math is there to tell them that that's not how things work.

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May 28, 2024, 01:43:51 PM
 #355

If you can do it, don't use any of that to gamble, most cases that you can do this is if you've got a side hustle where you can easily supplement your gambling habits since you've got an extra income. If you're not that person that I'm talking about, you probably shouldn't portion your salary to satisfy your gambling needs, most of the time, you're going to end up with nothing and that money that you will allocate will definitely be not enough for the gambling session. If you're the kind of person that's got a salary that's on the 5 or 6 digit territory already, you're probably good with a 10% of that being used for gambling if you really can't help it.

The thing is that most gamblers would be better off if they simply saved (or even better, invested) their side hustle income instead of using that extra money for gambling.

But I guess the thing that is different is that they are buying some kind of "hope" to become rich, which won't happen if they simply save or invest the money.

Ironically, over time, they might get wealthier if they don't gamble.

Not all people have a good background in investment some of them don't know where to start and what are things they need to do, we know gambling is one of the fastest way to earn money, gambling gives entertainment to the player and lets accept the fact it's the easy way to earn money but not all the people have the same profitable story, always the casino wins the game and a small portion of gambler only experience the wins. Just gamble you afford to lose and use other money to your daily needs and investments, always separate your assets that is used for your personal needs like gambling.

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May 28, 2024, 09:05:48 PM
 #356


The thing is that most gamblers would be better off if they simply saved (or even better, invested) their side hustle income instead of using that extra money for gambling.

But I guess the thing that is different is that they are buying some kind of "hope" to become rich, which won't happen if they simply save or invest the money.

Ironically, over time, they might get wealthier if they don't gamble.

Not all people have a good background in investment some of them don't know where to start and what are things they need to do, we know gambling is one of the fastest way to earn money, gambling gives entertainment to the player and lets accept the fact it's the easy way to earn money but not all the people have the same profitable story, always the casino wins the game and a small portion of gambler only experience the wins. Just gamble you afford to lose and use other money to your daily needs and investments, always separate your assets that is used for your personal needs like gambling.

That's right, and not everyone knows about the benefits of investing, there are many factors that cause why someone doesn't even know what investment is, for example in rural areas or in remote places that are not yet reached by the internet which means they really don't know. what is investment, what must be prepared when you want to get involved in investment and how to become a good investor. On the other hand, yes, it is true, as you said, that gambling is one of the fastest ways to earn money, most people only see this point which makes them even force themselves to gamble even though the situation and circumstances are not supportive, such as not having money to gamble. , but they still force themselves by taking out loans.

In fact, only a few people understand that apart from gambling being the fastest way to make money, it is clear that gambling can also be the right place to make you lose much more money quickly. Gambling can only be used as entertainment when the gambler knows that this is a high-risk activity, of course you will only dare to bet small amounts when you know that gambling is high-risk and when you know that the real winnings are only for the casino. And implementing financial management is always the best preparation which refers to prevention, especially when you are involved in gambling, prioritizing basic needs, putting some into investment allocation (if you know and understand), and saving another small part for gambling is smart management.

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May 28, 2024, 09:18:59 PM
 #357

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 .

The source of income for each gambler is different. Some may be getting salaries on the job while others may be doing business. Also, some may get more salary and make more money while others may earn less. Also, some people have more expenses as compared to others. Therefore we cannot say how much salary or how much % of salary or income one can devote to the gambling. The figure may vary from person to person and more importantly, it depends on the financial condition of the gamblers.
Not everyone's income is the same. Some earn a lot of money in a month and some earn a small amount in a month. Some can afford to lose more money gambling and some can afford less. Now you should consider yourself how much money you can afford to spend on gambling. Gambling is usually played for fun, so you can gamble for fun. Never get addicted to gambling and spend a lot of money gambling. Gambling depends on luck, if luck is good you will win if luck is bad then you will lose.
Well I don't know about you but I feel there are some certain things you ought to do as a responsible gambler that would earn you that name and one of them for me is being strict with some of your gambling habits like knowing how much exactly you risk into gambling and also how much you would be taking off from important money like your salary and the reason why I say this is because I know of someone who fucking sit down after he is paid and gamble away with everything and the worse part is that the moments he starts one he doesn't pause till he ends up all his bankroll which is the habit of an addicted person.

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May 28, 2024, 09:26:10 PM
 #358

The other day, I came across a topic created by a member of this forum where the user asked if it was possible that addicted gamblers don't win all their bets. It was a nice question because that really explains how terrible addiction is. It is possible for an addicted gambler to win a huge amount of money, but due to their state of mind, they will still lose everything and can even spend all of their money apart from the one they have won. If it got so bad with the person, he or she can still take a loan to gamble. 

How can a gambling addict even be able to save some of his salary when they cannot even save some of the money they are winning while gambling? Very difficult.
When the amount of money from gambling winnings cannot be allocated to savings and there is a small chance that money for other needs can be allocated to savings as well, relatively addicted gamblers cannot allocate funds for savings because the influence of gambling has worsened their economy, especially since some gamblers consider gambling to increase their income and they use a lot of money just to bet. The solution is that they have to limit access to gambling if they want to plan to make savings and they have to set a low allocation for gambling.

It all depends on how each gambler approaches it. One can set aside his winnings as his gambling budget for another time, while others fail. Limiting your budget for gambling is certainly highly recommended, but on average, if you fail to do so, they can even spend their entire salary just for one day of gambling.

I can imagine how easy it would be to spend $100 in a day or just a few minutes to gamble, but they would have to work over 14 days to collect $100. Many gamblers do not value money, they can lose a month's salary in one day just because of a serious gambling addiction. If one of them is here, then I'm sure they are not the typical people who are good at saving money.

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May 28, 2024, 09:26:53 PM
 #359

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 of people in the society is jobless especially countries that's uncivilised and they seems gambling as only avenue of making money, so therefore,  we need to understand that what lures people into gambling is not only pleasure or they seems gambling as entertainment kind of, they are seeing gambling as only means od having a burks money and that is why you see different people queuing up into gambling, so people in local environments and also who is jobless take gambling as source of generating revenue and that's why you see many of them as associate of gambling in quantum.

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May 28, 2024, 09:27:33 PM
 #360

If you can do it, don't use any of that to gamble, most cases that you can do this is if you've got a side hustle where you can easily supplement your gambling habits since you've got an extra income. If you're not that person that I'm talking about, you probably shouldn't portion your salary to satisfy your gambling needs, most of the time, you're going to end up with nothing and that money that you will allocate will definitely be not enough for the gambling session. If you're the kind of person that's got a salary that's on the 5 or 6 digit territory already, you're probably good with a 10% of that being used for gambling if you really can't help it.

The thing is that most gamblers would be better off if they simply saved (or even better, invested) their side hustle income instead of using that extra money for gambling.

But I guess the thing that is different is that they are buying some kind of "hope" to become rich, which won't happen if they simply save or invest the money.

Ironically, over time, they might get wealthier if they don't gamble.
That's the dream but you're talking about people that wants to gamble here which means that the only thing that you can do in that situation is to give what they want you to say which just so happens to be the budgeting in their gambling habit, in that kind of situation, you'd probably be better off just telling them what they want to hear since there's no way that they'd listen to you anyway. I guess you could say that, they're hoping that their bet could be the one that would change their life forever but the math is there to tell them that that's not how things work.
Actually with this kind of question about on how much you should spend on gambling then its something that doesnt need up for you to hear out others sentiment or comment.
You are the ones who would really be finding out whether you would really be making too much spending or you are really just that on the right track. People wont really be making out
those realizations that they had spending up that much not on the moment that they are still on good condition but on the moment that they had past with those limits then
this is the moment that they would really be trying out to notice up that they had done too much on which this is the usual case.

5-10% of your salary i should say that it would really be that too much but well we do have our own way of spending on things. The only thing that you do need to consider
is that you wont really be making yourself that go past beyond on your budget. Limit would be the key but people often fails on this one.
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