How much of my salary should I use to gamble

[stomachgrowls]

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?

There is nothing that can be more than the gambling roles that says don't gamble with more than what you can't afford to lose, a notable percentage for betting might not really be necessary as individual have different size of income or salary and different lifestyles so as our gambling percentage from our salary will differ too. However, it is very important we take Care of our basic needs before considering gambling, you can gamble with as much of your salary if it is within the range of the amount that you can afford to lose as gambling gives no guarantee. Gambling is very risky and every one have different risk tolerance level so everyone should only stay within his limit as going above your limit can be very devastating and can affect one's life negatively if not properly handle.

Neither investment or gambling on which this has been always the golder rule on which spending on the amount on which you can afford to lose. Never ever make yourself go beyond those lines on which we dont even know on what you are dealing with. Having that very bad management about your finances would really be leading up into that huge potential disaster on which this is something that we should really be that avoiding at all cost. When it comes to salary spending or allocation fund on the moment that you would really be dealing up with gambling then 5% should really be that maximum. If ever there's no extra that you could really be able to spend on then it would really be better that you shouldnt really be forcing yourself on spending or really that mandating for you to play despite of that shortage of funds.

On the time or moment that you've seen yourself that spending which is way more than with your budget or something that you cant afford to lose then better stop and assess yourself on whats happeing.
This is the moment that you could really be able to tell that you are gradually getting addicted with gambling on which this is really that bad.

[wheelz1200]

As much as you can afford to lose.  There is nonset amount nor is there any sort of percentage you can use as a guidline. Given the same salary and the same bills it's still different because people have life goals.  If yours is to just chill and relax than have a t it, but others want to grow fortune for theor family bigger house etc.  They shoudlnt gamble as much.  When you feel uncomfortable that's when you kmwo it's too much.

[Dewi Aries]

Because if we understand the dangers of gambling and the various adverse effects that can potentially occur then clearly the best approach to gambling is to only allocate a very small amount of budget such as 1 - 5% that you mentioned, and I think that amount is sufficient to get entertainment and fun when we have free time with boring situations.

Considering that gambling is nothing more than a recreational activity is the most correct point of view, because by having the intention and purpose for entertainment, it is clear that our minds will be distracted from the pursuit of victory, which means and benefits that there is less chance for us to apply or do various dangerous actions such as greed that can trigger a much worse situation.

And yes it is true as you said that by only risking small amounts then indirectly this approach will make it easier for us to become a responsible gambler, and maybe we have often heard about the idea of “not overdoing it and betting small amounts that are ready to lose”, the reason is because by only betting small amounts then we will be easier to accept the fact of losing, and another benefit is that obviously this approach can save us from possible financial problems.

What you said is really true in my opinion, however, if you make a small bet and lose, the player will not even feel it, and many people come to gambling precisely for feelings and emotions. If we take the opposite situation and imagine that the player won, then the winnings will be small, since he took on a small risk with this bet. And a small win will be boring and uninteresting to him, he will want more, I think many have gone through this.

I sometimes think that no matter how much a person actually earns, he will be interested when the stakes are high relative to his salary. Even if he is a millionaire, he will not be interested in bets of hundreds of dollars, he will want to bet in a thousand or tens of thousands. I can only advise one thing - don’t let gambling eat your wallet, place adequate bets, but at the same time I understand that few will listen to me and do as they see fit, because everyone there thinks that they are kings.

I will take the main point from what you said above that the point is that most gamblers do not like the name of small bets, the reason is clear because the chances of winning must also be small, and this is also the reason why most of them prefer to bet with a large budget amount that is because for the sake of getting a big win, but the question is whether they also like the possibility of losing big? No, so maybe I would say that they are losers who always want to bet big amounts for big wins but are not ready to accept big losses, and we know how the real fact about gambling is that it is always about two things, namely winning and losing.

This means that there is nothing better than betting with small amounts, the reason is because even if you bet with large amounts, there is still nothing that can ensure or guarantee that you will win, in the sense that losing will always be a definite possibility. And on the other hand regardless of one's background of whether they are rich or not, at the end of the day everyone wants money, meaning that if they have a wrong understanding of gambling that makes them put excessive interest and obsession with winning in gambling then obviously I will confirm your idea that every gambler is likely to bet a relatively large amount because of the chance of getting a big reward regardless of whether they are rich or poor, but the fact is that not everyone is always lucky at the end of the session, and this is why it makes sense to say that there is nothing better than betting a small amount.

[bubilas]

As much as you can afford to lose.  There is nonset amount nor is there any sort of percentage you can use as a guidline. Given the same salary and the same bills it's still different because people have life goals.  If yours is to just chill and relax than have a t it, but others want to grow fortune for theor family bigger house etc.  They shoudlnt gamble as much.  When you feel uncomfortable that's when you kmwo it's too much.

On the one hand, one learns that such an attitude is good. After all, you can spend as much as you feel comfortable gambling in a month. After all, if the gambler does not make large purchases this month, then there is a lot of free money, and you can use it to play slots or place bets in the betting.
Only this attitude has a downside: with such a lifestyle, it is very easy to start treating money lightly, and spending more for a gambling than necessary.

[Hirose UK]

As much as you can afford to lose.  There is nonset amount nor is there any sort of percentage you can use as a guidline. Given the same salary and the same bills it's still different because people have life goals.  If yours is to just chill and relax than have a t it, but others want to grow fortune for theor family bigger house etc.  They shoudlnt gamble as much.  When you feel uncomfortable that's when you kmwo it's too much.

On the one hand, one learns that such an attitude is good. After all, you can spend as much as you feel comfortable gambling in a month. After all, if the gambler does not make large purchases this month, then there is a lot of free money, and you can use it to play slots or place bets in the betting.
Only this attitude has a downside: with such a lifestyle, it is very easy to start treating money lightly, and spending more for a gambling than necessary.

It just that each person will have different goals and there will be no similarities in how each gambler uses money, moreover, income and the amount of money to meet life needs will always vary depending on the lifestyle they live.
Many gamblers are also willing to postpone the money they use to meet their living needs and prioritize being able to fulfill their worldly desires in having fun or getting satisfaction such as gambling.
This happens lot and we can easily find it, just look there are quite lot of gamblers who really find it difficult to live their lives but they can spend excessive amounts of money on gambling, this kind of stupid attitude is something that always happens.
Moreover, for those who have bad mindset and cannot develop in thinking long term, whatever they do is only for momentary interests, they think that today getting money and spending it is not complicated thing because tomorrow they can go back to work and make money.
I sometimes wonder about people like this because their goals in life are very monotonous, they look like people who don't want decent life in the future, after all life in old age will be much more difficult.

[Dr.Bitcoin_Strange]

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.

It is quite funny how it takes so much time and energy to make money, but it just takes a matter of minutes for a gambler to lose all their salary in a casino game. It made me remember one day that I was playing plinkoplinko, I kept staking $1 and got 0.5x, but when I decided to stake $0.5, I got 1x. I just imagined that if I had staked a huge amount at once, like $20, $50, or $100, depending on my budget, then I would have just lost all that money in just a few minutes. It's necessary for every gambler to have a budget because if they do not discipline themselves and keep their budget, they might end up disappointed after losing all their salary. 

[adpinbr]

Well I wouldn’t not advise you to gamble more than 5 percent out of your salary because it not what you are sure about, gambling is just a game of choice and don’t gamble because all the community is gambling, gamble because you want to gain something and not because of friends and don’t engage so much in gambling and I don’t  feel like using more than 5 percent of of your salary to gamble that it is right, you will just put yourself on a very big risk and you may not want that

[Ndabagi01]

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?

They don’t tell someone how much they can use from their salary to gamble. If you try 50% of the salary this month and survived it, maybe you can add more and when your try it and don’t survive it, then you should and reduce it the next time you want to take part of the salary to gamble. If you’re using your hard earned money to put into something that is not assured of return on investment, you can’t risk more that what you can’t bear. So for an adult that knows what he/she is doing, they’ll gladly do the right thing that will not make them regret their actions. To state clear facts to your answer, it depends on what you earn and what you use the money fortht will depend the percentage you can remove.

[DaNNy001]

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 this question as a rhetorical question because telling you how much you will use with your salary to gamble is not wise. This thread was not needed here. And if you want forum users to tell you how much you will need to use to gamble then, you would have tell the community how much is your monthly salary so people can tell you how much should be use. And if you must know, your colleagues you said are gambling are also good example to ask. And lastly you can make a budget from your salary after paying all the bills and stock your house with food items and clothes then you can think of gambling.

That's exactly the point everyone is saying bro, it's not that you must have to know the person actually amount of salary earned but what the OP is trying to ask is how much or maybe I should clarify by how many percentage in relation to your salary so you think is wise enough to be used for gambling? well that's how I see it but I don't know if am actually right though but I believe that's the context and what everyone has been has highlighting so far in this thread is how irresponsible it is to actually use a dangerous percentage of your to actually gamble because the funny truth is that even as so many persons reach against this it's certainly still very sure that some crazy folks do actually do this.

[348Judah]

If we know that we have the ability to effectively manage money and finances within our capacity, then it's never a bad thing that we earn our salary and stipulate a portion from it to be used for gambling purpose, since we are not using the entire earnings, as well as we are not leaving other things to be done undone, if we can be able to meet up with our needs then i see no reason why we can't have fun in playing bets with our money, even if only its for us to be able to ease stress for the day.

[ethereumhunter]

Well I wouldn’t not advise you to gamble more than 5 percent out of your salary because it not what you are sure about, gambling is just a game of choice and don’t gamble because all the community is gambling, gamble because you want to gain something and not because of friends and don’t engage so much in gambling and I don’t  feel like using more than 5 percent of of your salary to gamble that it is right, you will just put yourself on a very big risk and you may not want that

Maybe less than 5 percent will be good for him to enjoy his time to playing gambling. After all, playing gambling is not for makes money but only for fun so less than 5 percent is enough to have fun in gambling. Although there is no exact percentage of their salary that they can use to playing gambling, they must calculate it by themselves so they don't use too much money to playing gambling and they can use the other money to the other things or their needs. If our salary is not too big than our friends, we don't have to force ourselves to follow their life style because we are different and that can makes us in trouble. It's better we stay away from gambling if we don't have too big of salary because we must gives priority to our daily needs, especially if that's for our family.

[el che]

I'd like to think that I only use 10% of my salary in betting, but realistically it doesn't end up that way. During my early days of betting I would spend much more on betting, sometimes I would most of it, I use to be a bartender in my 20's and I would be living of daily tips, so as long as I had enough money for food and beer that day, the rest would go into betting on whatever was going on that day, I would guess about 80% of my tips that day.
Now older and a bit wiser I do separate only 10% of my salary to use in betting and only to have fun and get a little thrill, since I don't drink beer anymore, I can afford to loose 10%, but there are some special events where I do tend to bet more, fortunately those events are rare for me nowadays.

[Oneandpure]

If we know that we have the ability to effectively manage money and finances within our capacity, then it's never a bad thing that we earn our salary and stipulate a portion from it to be used for gambling purpose, since we are not using the entire earnings, as well as we are not leaving other things to be done undone, if we can be able to meet up with our needs then i see no reason why we can't have fun in playing bets with our money, even if only its for us to be able to ease stress for the day.

Firstly, about how much of salary should use to gamble depend on how much salary received from office or other working kinds, the manage with one month later outcome allocated and looking how much money left before using to gamble.
Don't make big mistake after receiving salary by purchasing at gambling without manage early for one month later needed behind not promising yet when gambling has bigger ratio percentage for winning.
Make gambling for fun only and use free money after spending for daily needed and pay of bill, rent house until allocated for emergency funds. I think if some have much salary will allocated bigger fund for gambling but if get lower salary has limitation using for depositing in gambling account.

[Mate2237]

... OP is trying to ask is how much or maybe I should clarify by how many percentage in relation to your salary so you think is wise enough to be used for gambling? well that's how I see it but I don't know if am actually right though but I believe that's the context and what everyone has been has highlighting so far in this thread is how irresponsible it is to actually use a dangerous percentage of your to actually gamble because the funny truth is that even as so many persons reach against this it's certainly still very sure that some crazy folks do actually do this.

The Op should know that if his salary is big then he has to divide itto the bills in the house before thinking of going to the gambling sites and if has not done that and visit the casinos with the whole salary then he would not return with any peanut and tell the story how the money was spent. And if I will suggest for the Op he should use 1% of his salary to gamble because the matter.how the salary is either small or big, it will look responsible
 
Because he will only play or use the 1% and left the site for another salary day.

[blockman]

If you are family man and you have kids to feed. Make sure that you allocate first to the basic needs, food, rent, bills, etc. And whatever is left there is the one where you're going to pull your funds off for gambling. So, let's say that you have $50-$100 remaining for every month, do you think that you're able to live with that amount as your bankroll for the entire month? I don't think that many will do but if you are having a tight budget then you have to deal and live with it.

you're right, and someone who is a family man that is working is someone who can remember to make such calculations and it work out for him, because most of persons that's a gambler really be inquisitive to make money through gambling and most of them that don't think of reservations of welfare of children and reservations of funds to new of apartment before they go into gambling, as I said that someone that will have such thinking is someone who is working already but someone who is jobless will think that the little he or she have can be multiply through gambling, so gamblers have different narratives.

Those that are irresponsible and they allot their money to gambling first before their kids, rent, bills, and other things. They're not responsible at all and all they need to do is a slap on their face with reality that they're doing the wrong thing. Because soon, they'll see the bigger picture and problem about it. It's not going to be asap but eventually, they'd realize where they've come short.

If you are family man and you have kids to feed. Make sure that you allocate first to the basic needs, food, rent, bills, etc. And whatever is left there is the one where you're going to pull your funds off for gambling. So, let's say that you have $50-$100 remaining for every month, do you think that you're able to live with that amount as your bankroll for the entire month? I don't think that many will do but if you are having a tight budget then you have to deal and live with it.

You are actually correct about that. Being a family man requires a whole lot of responsibility and we should be cautious of how we spend our bankroll. Before someone would set aside a certain amount for gambling we should try as much as possible to settle the important things at hand before we gambling, just as you have stated above, by settling for rent, food, school fees and other important expenses. and Morover investing some amount in bitcoin which is more important before gambling the little amount you may have set aside. And if that amount has finished, you have to hold on for a specific period of time before you can gamble again. And it will be the next time you receive your salary either weekly or monthly.

Much better if that family guy invests in Bitcoin if he doesn't enjoy losing anymore. There's a better place where his salary is going and at the same time, in the future, his family is going to benefit from it. Well, there is nothing wrong if a guy allocates money in gambling but it shouldn't be much compared to basic needs.

[Mr.suevie]

... OP is trying to ask is how much or maybe I should clarify by how many percentage in relation to your salary so you think is wise enough to be used for gambling? well that's how I see it but I don't know if am actually right though but I believe that's the context and what everyone has been has highlighting so far in this thread is how irresponsible it is to actually use a dangerous percentage of your to actually gamble because the funny truth is that even as so many persons reach against this it's certainly still very sure that some crazy folks do actually do this.

The Op should know that if his salary is big then he has to divide itto the bills in the house before thinking of going to the gambling sites and if has not done that and visit the casinos with the whole salary then he would not return with any peanut and tell the story how the money was spent. And if I will suggest for the Op he should use 1% of his salary to gamble because the matter.how the salary is either small or big, it will look responsible
 
Because he will only play or use the 1% and left the site for another salary day.

Any gambler who feels the urge to use his salary to gamble then that person is probably crack on the  head because how would you use your money that you toiled so hard to get for something that you would probably even lose more if you don't understand yourself or feel any imbalance or emotional trauma. Atleast just like you stated if mandatory that the person must gamble he shouldn't even use more than 1-2% of his salary atleast for someone who is responsible with lots of responsibility.

[Nwada001]

How much of what you make needs to go just to keeping the basics covered? I mean rent, utilities, groceries.  Gambling's for fun, not paying the bills.  First step's figuring out what you absolutely need to live.

Then take whatever's left over and decide if you wanna risk some of that for a shot at winning a jackpot, etc.

Very good analysis. So it's literally not about specifying a specific amount to use in gambling, what matters most is the bills and essential needs being financially required to be achieved, having his savings plans and then he'd realize the particular amount of money to be used for his gambling out of his income.

As long as all the bills are paid and you have a surplus for unforeseen expenses that are to arise in the future, whatever's left can be used for gambling as long as it doesn't affect your financial decision at any point in time. 
 
I have always been of the opinion that gambling amounts shouldn't be calculated based on how much we earn, but rather based on how much one will be left after all the bills have been handled. There are people whose monthly earnings don't usually sustain them till the end of the year.

[topbitcoin]

Well I wouldn’t not advise you to gamble more than 5 percent out of your salary because it not what you are sure about, gambling is just a game of choice and don’t gamble because all the community is gambling, gamble because you want to gain something and not because of friends and don’t engage so much in gambling and I don’t  feel like using more than 5 percent of of your salary to gamble that it is right, you will just put yourself on a very big risk and you may not want that

That percentage may be quite good, and it is effective in limiting us in managing money to be wasted on gambling, but this will be effective if at a certain level of income, maybe if we have an income of $1000 per month 5% will be very good and healthy as a budget for gambling in assessing risk and including financial expenses that do not give any impact, but what if the case is like you have an income of $200k per month, isn't 5% too large if only to be used in gambling.

So there needs to be a calculation first about the income we can make every month then we decide what percentage can be spent on gambling for a month, because it is also impossible for 5% to be used in a day of gambling, we need to divide it for several sessions, whether we get lucky or not so that our money increases from gambling, because it is out of our control so there needs to be a plan in managing the money, and don't let the 5% we spend every month on gambling attract 95% to also enter gambling because of our impulsive and compulsive nature over gambling.

[bangjoe]

How much of what you make needs to go just to keeping the basics covered? I mean rent, utilities, groceries.  Gambling's for fun, not paying the bills.  First step's figuring out what you absolutely need to live.

Then take whatever's left over and decide if you wanna risk some of that for a shot at winning a jackpot, etc.

Very good analysis. So it's literally not about specifying a specific amount to use in gambling, what matters most is the bills and essential needs being financially required to be achieved, having his savings plans and then he'd realize the particular amount of money to be used for his gambling out of his income.

As long as all the bills are paid and you have a surplus for unforeseen expenses that are to arise in the future, whatever's left can be used for gambling as long as it doesn't affect your financial decision at any point in time. 
 
I have always been of the opinion that gambling amounts shouldn't be calculated based on how much we earn, but rather based on how much one will be left after all the bills have been handled. There are people whose monthly earnings don't usually sustain them till the end of the year.

I think it's a very good opinion for how much money we can spend on gambling, if we calculate from the overall money we get but we haven't seen all the risks of needs, bills and other things that are more important to pay attention to than the use of our money, of course we need to prioritize what we have to spend such as school fees, electricity and other things like that must be the main thing that needs to be considered in the calculation.

While after everything is finished, we can see how much money we can use for gambling, don't be too forceful about something that is not our obligation, if it is only limited to a sense of desire, while our spending responsibilities are very much, of course it is a mistake in managing finances.

[Oilacris]

How much of what you make needs to go just to keeping the basics covered? I mean rent, utilities, groceries.  Gambling's for fun, not paying the bills.  First step's figuring out what you absolutely need to live.

Then take whatever's left over and decide if you wanna risk some of that for a shot at winning a jackpot, etc.

Very good analysis. So it's literally not about specifying a specific amount to use in gambling, what matters most is the bills and essential needs being financially required to be achieved, having his savings plans and then he'd realize the particular amount of money to be used for his gambling out of his income.

As long as all the bills are paid and you have a surplus for unforeseen expenses that are to arise in the future, whatever's left can be used for gambling as long as it doesn't affect your financial decision at any point in time. 
 
I have always been of the opinion that gambling amounts shouldn't be calculated based on how much we earn, but rather based on how much one will be left after all the bills have been handled. There are people whose monthly earnings don't usually sustain them till the end of the year.

Yes, If you have been able to settle or pay up the ff:

1. Bills
2. Insurances
3. Food expenses
4 School expenses
5. Savings
6. Car amortization/House  
7. Emergency funds
.....

The list is long and pretty sure with those things above then you would really be barely making yourself having that left on your salary.
This is really that you should really be something considerate about on the allocation and if turns out that you do have some money
left then this is indeed the moment that you would considering on playing gambling.