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Author Topic: How much of my salary should I use to gamble  (Read 2105 times)
panjul07
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June 08, 2024, 06:27:44 PM
 #421

For me I think if I see a better game that I we play I we not mind using 10 to 20% my salary and play the game why because sometimes taking risk in gambling is very important because once you are not using a better amount in our gambling you we see that after the game we play you start blaming your self that why did I not use a huge amount on this particular game I think by now I would have won a huge amount of money, so that's why is always good as a gambler when you are placing a bet try to put better amount that we make happy when the game played.

10% - 20% is a lot of money to risk in gambling.

I know that sometimes it’s okay to take risks, but you should also remember that in gambling we should always play with what we can afford to lose - for someone who’s earning $1,000 I don’t think it’s wise for them to be putting $100 - $200 in their gambling account, remember that there are lots of things that needs to be done and taking that amount out from your pocket is not something I think they should be doing.

1% - 5% is more than enough for you, gambling should not be made into a means to earn money, if you find yourself thinking of ways to beat gambling system and make money from it then you should probably take a break from it as it is obvious that you’re prone to be addicted and still not realize it.

I think I have to repeat my opinion, it is better not use percentage based on our salary to be spent on gambling but it should be any amount that will not affect our financial life.
I would not even suggest 1%-5%, because 1%-5% can be something big if our salary is big while in fact it can be used for other important things first.
For me, it is always better if we spend our salary for our monthly needs first then once all what we need to pay in the month is already done, we can spend few of the rest for gambling.
All in all, if we use specific percentage based on our salary is like making gambling into something that we should care about every month.

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June 08, 2024, 06:44:34 PM
 #422

For me I think if I see a better game that I we play I we not mind using 10 to 20% my salary and play the game why because sometimes taking risk in gambling is very important because once you are not using a better amount in our gambling you we see that after the game we play you start blaming your self that why did I not use a huge amount on this particular game I think by now I would have won a huge amount of money, so that's why is always good as a gambler when you are placing a bet try to put better amount that we make happy when the game played.
Higher capital. I agree with that. You play slots with a $0.1 minimum with only $20 in your wallet and I bet you won't go anywhere. That's just two hundred losses and if you are unlucky then you might get there in just an hour or maybe less.
I realized that when I kept on playing slots because the way I see it, the RTP won't just come in 10-100 rounds of bet. You will need to stay there for a long if you want to see something surprising.
The system ain't giving it away just like that. For those who have experienced it in the early phase of their gambling, they are lucky. It could be anything, beginner's luck or just placing the bet at the right time.

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June 08, 2024, 07:08:28 PM
 #423

Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work
I don’t know if it’s only in my community, but I will say most of the youths in my community are now gamblers. After getting home from their work place and taking some rest, you will see most of them at gambling shops in the evening. Most of them are underpaid for the work they are doing, so they always gamble just to increase the money they have with them, even though most of them do end up losing money when gambling.

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?
It’s not about percentage, what everyone earns is different, and the problem everyone is having to solve is different from each other. Just because other people are using a particular percentage doesn’t mean you are also going to follow them, you should gamble with the amount that won’t have any effect in case you lose it.

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June 08, 2024, 07:10:08 PM
 #424


I think I have to repeat my opinion, it is better not use percentage based on our salary to be spent on gambling but it should be any amount that will not affect our financial life.
I would not even suggest 1%-5%, because 1%-5% can be something big if our salary is big while in fact it can be used for other important things first.


Despite me using percentage in my post I don’t actually use it in real life senerio - I don’t even have a fixed amount, I usually make deposits based on what’s available and what I can afford to play at that moment. There are times when I feel like just playing and make deposits that not even up $2 and I’ll still enjoy the whole section.


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June 08, 2024, 07:28:45 PM
 #425

I think I have to repeat my opinion, it is better not use percentage based on our salary to be spent on gambling but it should be any amount that will not affect our financial life.
I would not even suggest 1%-5%, because 1%-5% can be something big if our salary is big while in fact it can be used for other important things first.
For me, it is always better if we spend our salary for our monthly needs first then once all what we need to pay in the month is already done, we can spend few of the rest for gambling.
All in all, if we use specific percentage based on our salary is like making gambling into something that we should care about every month.
Maybe they suggest 1-5% of your salary because the normal budget allocation for gambling budget is according to your financial level, so if you lose that budget it will not affect the remaining salary that you use for other needs. But believe me for those who have a high salary will limit gambling based on percentages because they also like high stakes gambling, gambling under 50$ in bets may not be worth it for them chasing high winnings.

However, there is no budget limit whatsoever for gambling except just the right advice from gamblers who attempt to remind other gamblers to be careful about gambling with high budgets. Get used to allocating the lowest budget for gambling and if your finances don't support it then don't force yourself to gamble because you are paying for your mandatory needs in your monthly budget.

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June 08, 2024, 07:41:56 PM
 #426

I think I have to repeat my opinion, it is better not use percentage based on our salary to be spent on gambling but it should be any amount that will not affect our financial life.
I would not even suggest 1%-5%, because 1%-5% can be something big if our salary is big while in fact it can be used for other important things first.
For me, it is always better if we spend our salary for our monthly needs first then once all what we need to pay in the month is already done, we can spend few of the rest for gambling.
All in all, if we use specific percentage based on our salary is like making gambling into something that we should care about every month.
This is exactly right.
It's better to go to other things first - bills, shopping, savings, investments - if there's any left over, then you can gamble, so applying it like this won't cause any problems because everything is covered.
I don't want when I receive a salary that is thought of or set aside for gambling even though it is only 1-5%, it is still a more important need than gambling, if if the payday money is only mediocre, there is no need to force it, there is still another time we gamble and get funds from other sources.

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June 08, 2024, 08:52:46 PM
 #427

I think I have to repeat my opinion, it is better not use percentage based on our salary to be spent on gambling but it should be any amount that will not affect our financial life.
I would not even suggest 1%-5%, because 1%-5% can be something big if our salary is big while in fact it can be used for other important things first.
For me, it is always better if we spend our salary for our monthly needs first then once all what we need to pay in the month is already done, we can spend few of the rest for gambling.
All in all, if we use specific percentage based on our salary is like making gambling into something that we should care about every month.
Though a percentage rate could be big if the person is earning a huge salary, it's still better better not to have a range at which you plan to use while gambling, because for me, I think its better to set aside certain percentage such as either 1-5%, but yet that doesn't mean you must use it all for gambling in that particular month, because though you may use almost all the money you budgeted, it doesn't mean every month you will use it all, as some months you may not use close to half of your budgeted amount if you are earning huge.

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June 09, 2024, 06:10:19 AM
 #428

I think I have to repeat my opinion, it is better not use percentage based on our salary to be spent on gambling but it should be any amount that will not affect our financial life.
I would not even suggest 1%-5%, because 1%-5% can be something big if our salary is big while in fact it can be used for other important things first.
For me, it is always better if we spend our salary for our monthly needs first then once all what we need to pay in the month is already done, we can spend few of the rest for gambling.
All in all, if we use specific percentage based on our salary is like making gambling into something that we should care about every month.
Though a percentage rate could be big if the person is earning a huge salary, it's still better better not to have a range at which you plan to use while gambling, because for me, I think its better to set aside certain percentage such as either 1-5%, but yet that doesn't mean you must use it all for gambling in that particular month, because though you may use almost all the money you budgeted, it doesn't mean every month you will use it all, as some months you may not use close to half of your budgeted amount if you are earning huge.

Well, it also depends on the person how the strategy he will do for that specific percentage that he can use in gambling, but that's why we give a percentage range is for people who have become their daily routine or hobby the gambling, because it will help a person to learn to follow the limit we have set for ourselves, so that we don't overspend on gambling and when we get used to such a set up, we learn to be more responsible with our gambling habits.



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June 09, 2024, 07:18:55 AM
 #429

Despite me using percentage in my post I don’t actually use it in real life senerio - I don’t even have a fixed amount, I usually make deposits based on what’s available and what I can afford to play at that moment. There are times when I feel like just playing and make deposits that not even up $2 and I’ll still enjoy the whole section.


Using fixed amount to gamble? Absolutely the plan to stay strong. We worked and toil tirelessly to earn a living and we can't just jeopardize our salaries for gambling except for those people that are gambling addicts. We should be very careful with the system because it doesn't always go as plan. We're different and we use the percentage that's convenient for us and not copying the style of others. The system comes with negative and positive results, just be ready accept the one that fall for us.

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June 10, 2024, 11:38:57 AM
 #430

~snip~
Using fixed amount to gamble? Absolutely the plan to stay strong. We worked and toil tirelessly to earn a living and we can't just jeopardize our salaries for gambling except for those people that are gambling addicts. We should be very careful with the system because it doesn't always go as plan. We're different and we use the percentage that's convenient for us and not copying the style of others. The system comes with negative and positive results, just be ready accept the one that fall for us.

Yeah, and it is a good reminder that the most probable scenario is that the casino will win all the money in the end.

If you are OK with that, and have a good time with the money you spent, then I don't see any problem with gambling like that.

The issue appears when people blindly waste all their money trying to become rich, and ironically end up poorer than before.

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June 10, 2024, 11:58:00 AM
 #431

However, there is no budget limit whatsoever for gambling except just the right advice from gamblers who attempt to remind other gamblers to be careful about gambling with high budgets. Get used to allocating the lowest budget for gambling and if your finances don't support it then don't force yourself to gamble because you are paying for your mandatory needs in your monthly budget.
Not having a budget limit is an unnecessary exposure of your funds which may eventually get you bankrupt if you are in the habit of continuing to gamble with almost every of your funds not putting to consideration the possibilities of getting bankrupt and the need for management of your funds properly. Most gamblers who have gambled without putting the consideration the fact thst their funds should be under control and not investing all that they have got into gambling have ended up most times loosing a huge fund they later regret.

Gambling isn't a s shouldn't be for everyone, just like you rightly mentioned, if you find out that you are not able to comfortably gamble with that which you have got as your funds, then you should rather make sure you are not gamble and focus more on meeting your immediate needs as that will only be the best way out for you to not get all your funds down the drain in the casino. Gambling for the purpose of fun should not be don with funds that was supposed to be used for something else.

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June 10, 2024, 12:16:15 PM
 #432

You can use any amount you feel like using,even if you want to use all,you can use all of them.Gambling is something we try which is not guaranteed for a particular result, especially in sport betting,where there is no sure odd.But what we do is try our luck,look at the analysis and check the the best team or the team that is more inform,and pick that team,in that case,we can assume that the team we pick will win, and stake on it with a better amount of money so that if it plays,we can gain more.
Some persons believe it is risky to use a huge amount,well I believe it is more risky when we bet on more odds with little amount, than a few odd with huge amount.

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June 10, 2024, 01:01:17 PM
 #433

The point is a small amount that you can really account for if in the end it turns out to be lost due to defeat, regardless of the amount you should or are advised to bet a small amount such as for example 1 - 5% of the total income you generate each month. The reason is clear that however in gambling there is not only a chance of winning but the possibility of losing will also always be a part that can never be separated in the record besides you can win but you can also lose which may be in a larger amount.

The benefit of course, when someone only bets a small amount in the sense of an amount that they can afford to lose then surely it is less likely for you to experience emotions and regret within yourself, because usually it is always emotions that lead and direct a gambler to various aggressive decisions and actions that can certainly harm themselves more like what gambling addicts do. This means that the benefits of only risking a small amount of your total salary can not only minimize the possible amount of losses but can also avoid the possibility of emotions.

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June 10, 2024, 01:32:54 PM
 #434

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?
Let me reframe that question so it can be answered at all. How much of your salary you can use after your mandatory expenses like rent, utility bills, food and travelling, gifts, hobbies, responsibilities, social interactions, and just spoiling yourself once in a while.

How much after those you have and what you are using that money usually? If it's vices, then you can try and replace one or more vices with gambling, but make sure you understand what comes with that. Make sure that you budget it and stick with that budget. Are you planning to use the money you win also for gambling? Is it some sort of buffer money and you can gamble more when you make more by gambling?

But i would spend about 1-2% of the money after all expenses i have. Saving for rainy day and investing money is important as well, as there always will be unforseen expenses and medical bills at some point. So it's better to have money ready for those then paying them up with interest later on when you have already budgeted that money.

And gambling shouldn't be a realistic road to richness where you think that by spending more you make more, even if there's a change for that.

Keep the percentage as low as you can, then after a while, you can revisit your budget and see if you are confortable raising it, or if you even need to do that.

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June 10, 2024, 01:51:03 PM
 #435

I believe there is no clear answer to this question. It all depends on a very large number of factors. And the most important factor is how experienced you are in gambling and whether you have a strategy that has proven its effectiveness over a long period of time and with large game statistics. For most players, it can be advisable to limit your bets to a few percent of your weekly or monthly income. However, you can also consider the fact that we sometimes play with saved and saved money. Some people save and save money not to invest it, but to invest it in games. It’s a pity to lose the saved money, but if you have a salary, then you will survive this loss.

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Dr.Bitcoin_Strange
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June 10, 2024, 02:11:26 PM
 #436

Despite me using percentage in my post I don’t actually use it in real life senerio - I don’t even have a fixed amount, I usually make deposits based on what’s available and what I can afford to play at that moment. There are times when I feel like just playing and make deposits that not even up $2 and I’ll still enjoy the whole section.

Using fixed amount to gamble? Absolutely the plan to stay strong. We worked and toil tirelessly to earn a living and we can't just jeopardize our salaries for gambling except for those people that are gambling addicts. We should be very careful with the system because it doesn't always go as plan. We're different and we use the percentage that's convenient for us and not copying the style of others. The system comes with negative and positive results, just be ready accept the one that fall for us.
If I understood @Cantsay correctly, what he's trying to say is that he doesn't even have a fixed amount to gamble with; having a fixed amount also means he doesn't have a fixed percentage of his income, so he is willing to risk gambling, which is absolutely fine. 
 
We all treat gambling differently. If it's something you take very seriously, then the person can invest more funds into it, but if it's just something the person passes time with, then the amount to spend should also be under the average of what the person can spend on a bear or cigarettes without having two thoughts about it.

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June 10, 2024, 02:19:22 PM
 #437

Though a percentage rate could be big if the person is earning a huge salary, it's still better better not to have a range at which you plan to use while gambling, because for me, I think its better to set aside certain percentage such as either 1-5%, but yet that doesn't mean you must use it all for gambling in that particular month, because though you may use almost all the money you budgeted, it doesn't mean every month you will use it all, as some months you may not use close to half of your budgeted amount if you are earning huge.
Some months you really get lucky a d you get to win often, you may not have to spend much on gambling, you may at some point even spend less than what you may have planned or intended to spend gambling because when you win you will just have to take from your profit to gamble again but if you are suffering losses, you may have to look into your gambling budget and try to stick to it and in other not to exhaust your funds gambling when you are not supposed, you just have to make sure you keep a certain percentage as it stands as the best measure to use if you want to be sure about your gambling budget been under control enough and not encroaching the budget ment for other things which happens not to be gambling and are important to you as a person. If you aren't keeping funds aside fr gambling in percentage, I doubt how you will be able to measure the extent and amount you need to be able to gamble well and maintain the proper range and amount you should spend gambling and not all that you had .

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June 10, 2024, 02:30:30 PM
 #438

Use 1%, so if you are really good as you are thinking, you will increase this 1% and make it to be 1000% of your salary.
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June 10, 2024, 02:41:55 PM
 #439

I think I have to repeat my opinion, it is better not use percentage based on our salary to be spent on gambling but it should be any amount that will not affect our financial life.
I would not even suggest 1%-5%, because 1%-5% can be something big if our salary is big while in fact it can be used for other important things first.
For me, it is always better if we spend our salary for our monthly needs first then once all what we need to pay in the month is already done, we can spend few of the rest for gambling.
All in all, if we use specific percentage based on our salary is like making gambling into something that we should care about every month.
Though a percentage rate could be big if the person is earning a huge salary, it's still better better not to have a range at which you plan to use while gambling, because for me, I think its better to set aside certain percentage such as either 1-5%, but yet that doesn't mean you must use it all for gambling in that particular month, because though you may use almost all the money you budgeted, it doesn't mean every month you will use it all, as some months you may not use close to half of your budgeted amount if you are earning huge.
with the limits that we set at the beginning using the fund allocation method that we will use for gambling every month, this will enable us to minimize excessive gambling, and the 1-5% figure can be a figure that we can allocate for gambling. But I agree with what you say, it doesn't mean we have to spend that amount in a month, and even if we are lucky to win big, maybe we will use a 1-5% allocation to gamble in the following month using our winnings, so we don't have to allocate it from our salary, and we can use that amount for other needs.

I would appreciate it if we could hold onto it with high commitment, because I also feel that many people end up exceeding the amount of money they allocated for gambling. I think this happens often, especially when they can't control themselves.

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June 10, 2024, 02:48:00 PM
 #440

However, there is no budget limit whatsoever for gambling except just the right advice from gamblers who attempt to remind other gamblers to be careful about gambling with high budgets. Get used to allocating the lowest budget for gambling and if your finances don't support it then don't force yourself to gamble because you are paying for your mandatory needs in your monthly budget.
Not having a budget limit is an unnecessary exposure of your funds which may eventually get you bankrupt if you are in the habit of continuing to gamble with almost every of your funds not putting to consideration the possibilities of getting bankrupt and the need for management of your funds properly. Most gamblers who have gambled without putting the consideration the fact thst their funds should be under control and not investing all that they have got into gambling have ended up most times loosing a huge fund they later regret.

Gambling isn't a s shouldn't be for everyone, just like you rightly mentioned, if you find out that you are not able to comfortably gamble with that which you have got as your funds, then you should rather make sure you are not gamble and focus more on meeting your immediate needs as that will only be the best way out for you to not get all your funds down the drain in the casino. Gambling for the purpose of fun should not be don with funds that was supposed to be used for something else.
You're right about financial responsibility being a damn necessity. Blowing money without thinking is dangerous. Keep in mind that not all gamblers are losers. It's not about money or escaping reality for some. The adrenaline thrill, outsmarting opponents, and social aspect of the game are key. Consider high-stakes poker. Top gamers don't scatter chips. They calculate, research their opponents, and manage their bankroll like their lives rely on it. When to be safe and when to bet big. Responsible gamblers spend within their means and never gamble with money they can't afford to lose. Not abstinence, but moderation and self-awareness

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