Do you think as a gambler we should allocate specific amount to gamble?

[Hispo]

I would say anything between 0,9% and 5% of one's monthly income would be fair enough. Though, that is highly dependant on the situation of the person and whether that montly income covers all their expenses of the month easily or not. perhaps 5% would be too much in the case we are talking about a millionaire person how keeps businesses running and other assets to spare, on the other hand, with a minimum wage of 400$, we would be talking about 20$ per month, to me that does not sound unreasonable.

I also would like to point out that "spare money" or "pocket money" are very subjective terms. In the same way "money one can afford to lose" is subjective.

[goaldigger]

Do you think as a gambler we should allocate specific amount to gamble? The answer is Yes if you a gamble you know the risk that gambling is involve money and if you dont set a budget you can go crazy and lost all of your hard earned money.

We know ton of story here in bitcointalk and other chat platfrom that people lost control and lost all money because fear and greedy so the point is yes we need to allocate some money depends on your strength
[/quotes]
Allocating a budget can be a big help and it can save you from losing big and of course, it will make you a responsible gamble. Once you gamble, you should inly spend the money that is available in your wallet as an extra and not a money that will come from debt or even from your savings. We know how risky the gambling is so spending the money that you might need later on is a big gamble for me.

[Dr.Bitcoin_Strange]

Well, in my opinion, it is better to allocate some funds to your gambling balance when making a budget for the month, and I think 1-5% percent is feasible depending on the income strength of the gambler. Some people gamble without budget, and that is why they even end up to spend money that is not meant to be spent on gambling. Budget spending can actually help an individual live a reckless spending-free lifestyle, and it is applicable to gambling. If a gambler gambles with budge, it will help them live an additive-free lifestyle. It might not really work for everyone because we are all wired differently, but most people who live their lives according to the budget they make will not easily become addicted to gambling if they are gamblers. 

[carlfebz2]

I would say anything between 0,9% and 5% of one's monthly income would be fair enough. Though, that is highly dependant on the situation of the person and whether that montly income covers all their expenses of the month easily or not. perhaps 5% would be too much in the case we are talking about a millionaire person how keeps businesses running and other assets to spare, on the other hand, with a minimum wage of 400$, we would be talking about 20$ per month, to me that does not sound unreasonable.

I also would like to point out that "spare money" or "pocket money" are very subjective terms. In the same way "money one can afford to lose" is subjective.

Yes, anything that beyond 5% would really be just that too much. The only issue on here is that when you do say 5% and if you are really just that earning $100-200 in most 3rd world countries then it would really be that basically means that you would be spending $10 on every month on which we know that this is really that something which is really that too small because even on speaking about the fees on simply making up some deposits would really be already taking up the huge slice on the said bankroll that you are planning. This is why they would really be planning on adding up more money which it is really that more than on the amount that they have set earlier and this is where problem do start to kick in on the moment that you have that made out such bad decisions and this is really that very common in every gambler
and this one isnt really that a shocking thing.

[irsykes]

must apply financial management to be regular and wiser. Playing gambling loses to win ordinary things but it needs to be realized not too rash to avoid the destruction that is not want, many examples of people who become addicts because they cannot manage the financials that must be allocated gambling entertainment and daily life. Excessive effects that become emotional due to losing a lot of money. So for me to apply important management, 1% or up to 10% is still normal if it exceeds the limit of our salary will definitely be carried away by the waves

[SatoPrincess]

Judging by the stats of the poll, majority of the voters are of the opinion that gambling should be done with 1-5percent of their income. I don’t know if the voters actually practice this in real life but I believe every negative thing that happens in gambling is as a result of gamblers risking more than they can afford to lose. I believe if more gamblers adopt this approach to gambling, there wouldn’t be as much negativity associated with gambling.

[Zigabel]

must apply financial management to be regular and wiser. Playing gambling loses to win ordinary things but it needs to be realized not too rash to avoid the destruction that is not want, many examples of people who become addicts because they cannot manage the financials that must be allocated gambling entertainment and daily life. Excessive effects that become emotional due to losing a lot of money. So for me to apply important management, 1% or up to 10% is still normal if it exceeds the limit of our salary will definitely be carried away by the waves

Financial management is the sure bet to staying long enough in the game asides which you will go bankrupt sooner and may never be able to gamble again except you will accept the gate of turning into becoming a debtor gambling, it's also not a very good route to take, I mean borrowing to gamble when you have lost all your initial funds gambling because you are not been careful gambling. All along, using 10% is something I even consider as too much already because gambling is supposed to be seen as a means of entertainment so when you spend 10% of your income getting entertained it portraying some level of irresponsibility because for someone who's got a whole lot of bills to take care of, I believe 5% is enough to get them enough entertainment gambling or even doing other things which they find entertaining which they have to spend money on.

[Adbitco]

Well, in my opinion, it is better to allocate some funds to your gambling balance when making a budget for the month, and I think 1-5% percent is feasible depending on the income strength of the gambler. Some people gamble without budget, and that is why they even end up to spend money that is not meant to be spent on gambling. Budget spending can actually help an individual live a reckless spending-free lifestyle, and it is applicable to gambling. If a gambler gambles with budge, it will help them live an additive-free lifestyle. It might not really work for everyone because we are all wired differently, but most people who live their lives according to the budget they make will not easily become addicted to gambling if they are gamblers.

Yes, you know when an amount is set for a particular task it makes it very easier to reduce over expenses or let me say random spending because there is an amount that is already been tied to it but when gambler doesn't have a fixed amount for gambling and they gambles with their spare money it makes very open to gamble with anything that comes into their minds and that they would continue to pinch every little bit of their money without control or limits to which they wanted to.

[Hypnosis00]

Whether it is 1% or 10%, there is nothing wrong with spending a lot as long as it is our extra money. But what we usually think is that if we gamble, we certainly lose which gives us some pressure. But if we just think I do this to have fun, even spending 10% could give us regrets. Unfortunately, we think of winning which absolutely changes our way of gambling and mindset, and when we lose, we tend to gamble more to take back our losses. We've been driven by our wrong mindset which is why we always feel disappointed and this is the reason why we don't feel satisfaction anymore.

[hyudien]

Only rich people gamble too much, but gamblers who are not rich are not entitled to gamble beyond their capacity. What will happen is that their lives will be ruined because of gambling because there is already an addiction that has formed in them.

So it is better that, from the very beginning of gambling, we get used to the small amount of money that we will gamble in a casino. Let's say that we allocate 10% of our salary to gambling every month or in the middle of the month. That's what any gambler should do.

It's not just those who aren't rich who shouldn't gamble beyond their means, even those who are rich, I don't think that means they can gamble freely. Those who are rich still have to be able to limit the gambling they do by not gambling excessively because the consequences are the same as ruin. Those who are rich or not have to be able to regulate the gambling they do. If they have a lot of money, they do have a greater chance of gambling. freely, but that doesn't mean they can continue to gamble using large amounts of money.
It's true what you say, we should be able to allocate only a small amount of money for gambling from the income we already earn. looking at the other side there are more important things to pay attention to than gambling, so don't prioritize gambling by spending a lot of money. This applies to everyone without exception, rich or not, the same must be able to limit the budget allocated to gambling.

[Maus0728]

If you can't avoid gambling, it's for the best and the smartest move for you to allocate some money when you're gambling, and if you don't have a lot of money, you'd probably be fine allocating the smallest percentage for your gambling habit, that's the only way in my opinion that you'd enjoy your experience each session, lack of enjoyment and fun in your gambling sessions lead you to believe that you weren't satisfied and you'd probably be gambling more than the money that you've budgeted for that specific time.

[fruktik]

Well, in my opinion, it is better to allocate some funds to your gambling balance when making a budget for the month, and I think 1-5% percent is feasible depending on the income strength of the gambler. Some people gamble without budget, and that is why they even end up to spend money that is not meant to be spent on gambling. Budget spending can actually help an individual live a reckless spending-free lifestyle, and it is applicable to gambling. If a gambler gambles with budge, it will help them live an additive-free lifestyle. It might not really work for everyone because we are all wired differently, but most people who live their lives according to the budget they make will not easily become addicted to gambling if they are gamblers. 

It's easy to talk about budget when you don't have a strong gaming addiction. And if it is present, then what to do in this case? How to resist the temptation to win back money that has already been lost? Don't have an answer to this question? That's what I'm talking about. It's not as simple as it seems. At first I also thought and reflected, but practice showed completely different results. It got to the point where I even had to borrow money to play.

[btc78]

This post was a little misconception of a fellow user on this section saying that is not a good advise to allocate specific amount to gamble from our monthly income, that is good to gamble with spare money or money not in used.

That’s actually worse. If you only use ‘extra’ money, you are going to end up use more because you did not set a budget for it. Limitation is always good as it promotes discipline.

You are going to end up reducing more expenses just to have extra money for gambling.

Setting a limit will require you to not spend any more even if you want to.

[SmartGold01]

This post was a little misconception of a fellow user on this section saying that is not a good advise to allocate specific amount to gamble from our monthly income, that is good to gamble with spare money or money not in used.

That’s actually worse. If you only use ‘extra’ money, you are going to end up use more because you did not set a budget for it. Limitation is always good as it promotes discipline.

You are going to end up reducing more expenses just to have extra money for gambling.

Setting a limit will require you to not spend any more even if you want to.

Yes you are right on that because gambling with spare cash seems so stupid to me because you would always keep gambling at all times but to keep a good practice is when someone set a limit or the maximum amount to be used to gamble per month at this point if those money are exhausted there's no way they could go use any additional funds that is not planned for gambling to gamble even though it a spare cash at least they had already met their gambling budget for the week/month so the person will be a responsible gambler instead of becoming addicted Gambler who always gamble with any amount that comes into their hands as spare cash, to me they aren't regulating their activities as a gambler.

[EarnOnVictor]

OP, above all, we should gamble with the money that suits our kind of person and the plans that will never hurt our finances. Ever since I've been gambling, I've never allocated a certain money for gambling specially, I only gamble with some random amount depending on the amount I can spare that time and my moon towards it. If I closely weigh it, it has always been an amount that if I lost it can never affect me whatsoever.  That is how I prefer gamblers to think and act as well but we are free to do whatever we want to do. Also, when I am trying to earmark certain money for gambling, I make sure that I do not view it as a must. As we all know, gambling is not the smart way of income and since I have my source of income, it has never been difficult to view it as less important to my living.

With this mindset, I have been able to do without the compulsion of gambling, and if I lose money initially deposited, I might not even think about depositing again for a month or more unless I feel like doing it. But to avoid taking too long to deposit, I rather reduce the risk I wager per bet and it has been helping me to sustain my deposits for months in my account. Notwithstanding, I've seen and heard people allocating a certain portion of their earnings for gambling, well, it may only be a smart idea if gambling is positive to them, but if it is always negative, so why earmark the portion you will be losing/wasting from your income?

[Strongkored]

This post was a little misconception of a fellow user on this section saying that is not a good advise to allocate specific amount to gamble from our monthly income, that is good to gamble with spare money or money not in used.

I think it's just a difference in how the gambler uses the money he's going to use in gambling, as both still allocate funds for gambling.
Those who use the percentage method or the amount of the monthly salary do not mean that they will always gamble with what has been determined because of course the money used is still idle money, so if in one month it turns out that the money has been used up in more important allocations without including gambling then he will not gamble.

So gambling with a set value of monthly salary or just spare money is important that it is an amount that he can afford to lose, because even though gambling is only for pleasure does not mean he can arbitrarily use money for gambling when it is money for his living expenses in one month which when he loses it actually makes him unhappy and affects his life for a month.

[stadus]

Well, in my opinion, it is better to allocate some funds to your gambling balance when making a budget for the month, and I think 1-5% percent is feasible depending on the income strength of the gambler. Some people gamble without budget, and that is why they even end up to spend money that is not meant to be spent on gambling. Budget spending can actually help an individual live a reckless spending-free lifestyle, and it is applicable to gambling. If a gambler gambles with budge, it will help them live an additive-free lifestyle. It might not really work for everyone because we are all wired differently, but most people who live their lives according to the budget they make will not easily become addicted to gambling if they are gamblers. 

It's easy to talk about budget when you don't have a strong gaming addiction. And if it is present, then what to do in this case? How to resist the temptation to win back money that has already been lost? Don't have an answer to this question? That's what I'm talking about. It's not as simple as it seems. At first I also thought and reflected, but practice showed completely different results. It got to the point where I even had to borrow money to play.

There's nothing we can do if we are already addicted, so we should prevent ourselves from getting addicted in the first place. This way, we can continue gambling based on what we can afford to lose. We need to have a budget and stick to it. It doesn't matter if we're rich or not because we know our own finances and we're the only ones who can manage them.

Some might say that rich people spend a lot of money on gambling because they are rich. While that might be true, it's a wrong mentality. Being rich doesn't mean they won't go bankrupt if they don't manage their money well.

[GxSTxV]

Do you think as a gambler we should allocate specific amount to gamble?
Yes, I believe any moderate gambler should allocate a specific portion of his income for gambling, although this person shouldn’t always do this thing or he is obligated to allocate the same amount every time. More times you ignore and skip gambling that week or month, the better for your health and pocket.

I will like to see your different opinion on this misconception maybe let us know how to control gambling addiction if by using spare cash can reduce and limits gambling addiction or not. You can continue the discussion over here if you have made your vote and give your opinion

Personally, I don’t have a stable income and that’s why I only use the extra small payments for gambling. As any gambler, sometimes we fall into the trap of seduction and gamble more than what we planned. I noticed also the more your percentage of gambling compared to your income is higher, the more you are close to addiction. However, as you mentioned this tip also can help maintain a discipline way for gambling and prevent overspending your money, and never touch your emergency funds.

[irsykes]

must apply financial management to be regular and wiser. Playing gambling loses to win ordinary things but it needs to be realized not too rash to avoid the destruction that is not want, many examples of people who become addicts because they cannot manage the financials that must be allocated gambling entertainment and daily life. Excessive effects that become emotional due to losing a lot of money. So for me to apply important management, 1% or up to 10% is still normal if it exceeds the limit of our salary will definitely be carried away by the waves

Financial management is the sure bet to staying long enough in the game asides which you will go bankrupt sooner and may never be able to gamble again except you will accept the gate of turning into becoming a debtor gambling, it's also not a very good route to take, I mean borrowing to gamble when you have lost all your initial funds gambling because you are not been careful gambling. All along, using 10% is something I even consider as too much already because gambling is supposed to be seen as a means of entertainment so when you spend 10% of your income getting entertained it portraying some level of irresponsibility because for someone who's got a whole lot of bills to take care of, I believe 5% is enough to get them enough entertainment gambling or even doing other things which they find entertaining which they have to spend money on.

never crossed my mind and have never taken out a gambling loan just to play. I am more effective in using personal money, because if I borrow money it is not certain that the money will come back or bring good luck. For example, if I lose money on a bet, I don't make a re-deposit on that day. come back at a different time. if we have big ambitions it will only cause emotions to occur and not be controlled

[Gheka]

Whether it is 1% or 10%, there is nothing wrong with spending a lot as long as it is our extra money. But what we usually think is that if we gamble, we certainly lose which gives us some pressure. But if we just think I do this to have fun, even spending 10% could give us regrets. Unfortunately, we think of winning which absolutely changes our way of gambling and mindset, and when we lose, we tend to gamble more to take back our losses. We've been driven by our wrong mindset which is why we always feel disappointed and this is the reason why we don't feel satisfaction anymore.

1% and 10% are a huge difference in spending, sometimes we can already generate other sources of money from a few percent like that, even though those are the amounts we can earn more but it's bad to waste the opportunity and give it away on meaningless entertainment like gambling. Furthermore, you are right that a gambler's position does not come as a guest of entertainment, they come with the pressure that is generated from this as well as a forced win, become a puppet and lose their emotions with this endless game