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

[Mr. Magkaisa]

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.

    -     Maybe if you earn 1000 dollars per month, I think 5% is a lot for me, because he is on 50 dollars, then let's say once a week the gambler plays gambling, which is 12.5 dollars every week. Maybe this is a small amount for others.

But in the countries that are among the poorest countries around the world, it is already big, but even so, it always depends on the gambler how he will do it. As long as possible, we should really limit gambling so that we can control it. the money we put into the casino.

[Rabata]

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.

If a person spends 1 to 10 percent of his monthly income on gambling, it may not create any hindrance for him, but when he spends more than the budget, he will definitely use necessary money which is needed everyday life, After a certain period disaster come to him. In gambling even if a person has multiple sources of income, he should keep a certain amount of budget on gambling. When that limit is touched the gambler should take a break from his gambling. When gamblers become addicted, they lose common sense and at some point they are exposed to huge losses.

[Solosanz]

Yes of course, if you didn't want to allocate specific amount to gamble, you must have learn to allocate specific amount first, if there's nothing wrong and you can stick with your plan even when you're angry or stressful, you can choose to not allocate for gambling anymore.

Just like muscle memory, if you train your mind everyday, it will make you have a habit. In this case, the habit is self control, having a high self control will make you not spending too much for entertainment.

[nara1892]

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

I think spending 1 - 10% will not be too big of a problem because it is still a small amount of a person's total income, especially when they have an income that is quite good or equal to people in general with minimum wages, because if it is not between 1 - 10% then how much more should be allocated for gambling? I understand that a smaller amount like 0.50% may be better and safer but most people will not be comfortable because with that amount they will not be able to enjoy gambling for quite a long time, at least half an hour.

If you say that it is too big an amount to waste then I would say that there are two choices: you still have to choose an amount between 1 - 10% to bet or don't bet at all, I think there are only two options .

[slapper]

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.

"Spare money" gambling? This is nonsense. People are fooled. Though called "spare," that money is emotionally charged if it's threatened. It's a myth that we have a restricted gamble zone. Not simply money disappears when things go wrong. Rest, control, and peace of mind. And why? A momentary rush? This is absurd

Could you invest your "spare" money instead of giving it to the gambling gods? Life-enhancing experiences, knowledge, and talents. That money could buy you a memorable concert, a career-changing course, or a broader travel. Compare that to a rigged slot machine's ROI. Not simply paper, money has possibilities. It's about bettering the future, not just instant gratification. Avoid risking your happiness. Build your growth and receive the rewards forever

[piebeyb]

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.

If every gambler allocates their budget correctly before playing gambling, they will usually not end up becoming addicted to gambling because they will be consistent with the budget they spend every week, every month or every day depending on how they limit it for gambling, at least gambling with money that is not used or money that is ready to be lost for entertainment because if you gamble properly it is for fun rather than making money in it because gambling is not a place to make money.

It's a shame if gambling is used to seek wealth or a source of income because usually those who gamble don't set a budget and playing beyond the limit will usually end tragically, namely gambling addiction because they can't control themselves. I think we all know that it's important to limit the budget so you don't get addicted. gambling in the end, many cases that we have seen so far are people who are addicted to gambling because they are obsessed with wanting to get rich by gambling even though it can't make them rich but makes us chase something that isn't real.

[Gaza13]

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.

If the intention is just to have fun in gambling games, why regret it? We all know that when we gamble, the chances of us losing are much greater than winning. If we experience defeat, what is important in this case is self-control or emotional control so as not to play again. If you continue to increase your gambling budget to chase wins or losses, you can be sure that you will experience much bigger losses than before. In this case, you should limit your budget for gambling.

[Reredmi896]

Allocating funds to bet on gambling with a certain minimum with what we want to bet, there is no problem because we have a job and we can use this strategy, the strategy can be said to bet at the time we want, in my opinion it is not too risky because we gamble with a period of time determined by our monthly income or our weekly income, betting like that can avoid addiction to excessive gambling because we manage our betting time,
We can think of allocating our monthly or weekly funds as our pocket money, but it is used for our gambling interests.

[Hispo]

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It would also depend on the coin and network those people living in a so-called 'third world country" use to carry out their casino deposits, by the way.
Because of the fees and how the network get congested, It would be a bit difficult for me to picture someone from south Asia or Africa doing their deposits using a coin like Bitcoin. They are more likely to use USDT on the Tron network or even in the recently supported TON network.
It does not have much to do with gambling, actually, it is just how people living under unfavourable conditions try to save money while also taking advantage of the freedom the ecosystem of cryptocurrencies gives to all of us.

Also, I would like to point out that even if the transaction had neglectable feed, ten dollars is still a significant amount of money to spend in an impoverished nation.

[taufik123]

If the intention is just to have fun in gambling games, why regret it? We all know that when we gamble, the chances of us losing are much greater than winning. If we experience defeat, what is important in this case is self-control or emotional control so as not to play again. If you continue to increase your gambling budget to chase wins or losses, you can be sure that you will experience much bigger losses than before. In this case, you should limit your budget for gambling.

Budget restrictions are indeed very necessary, but sometimes those who gamble do not do that.
I myself have always kept my budget to a minimum and played just for fun. If I lose, I put in only a little money.

But when someone comes in with a lot of money, and they expect a big win,
they will inevitably be disappointed with some losses and end up continuing to play to recover those losses.

[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.

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.

Yeah, that's why I stand to agree that allocating a certain amount for gambling is better than spending recklessly while gambling. If you make out a gambling budget, it will help the gambler to even be more reasonable and responsible while gambling because they know that after they spend all the allocated amount, they will not have any money to gamble with until the next month, when they will receive another salary and make another budget. For example, if someone earns $200 every month and decides to allocate $40for all gambling activity in that month, it will help him to gamble wisely because he knows that if he spends all that $40 in just 2 or 3 days of gambling, he will never have another dollar to gamble with throughout the month.

[LDL]

If the intention is just to have fun in gambling games, why regret it? We all know that when we gamble, the chances of us losing are much greater than winning. If we experience defeat, what is important in this case is self-control or emotional control so as not to play again. If you continue to increase your gambling budget to chase wins or losses, you can be sure that you will experience much bigger losses than before. In this case, you should limit your budget for gambling.

Budget restrictions are indeed very necessary, but sometimes those who gamble do not do that.
I myself have always kept my budget to a minimum and played just for fun. If I lose, I put in only a little money.

But when someone comes in with a lot of money, and they expect a big win,
they will inevitably be disappointed with some losses and end up continuing to play to recover those losses.

Yes, this is the big problem that there are some gamblers who gamble with their entire salary after the end of their monthly salary. A few days ago in a post here it was written that a husband gambled away his wife's entire wedding money and lost the bet. In my locality it often happens that the husband gambles with the wife's savings. Again, all the monthly money is bet on gambling, so many problems about how the whole month will last is the most common problem in my area. Therefore, before participating in gambling, you must plan in advance how much percentage of your monthly or weekly income should be allocated to gambling. One should not participate in Utha with all the money of monthly salary to get rich in a short time due to excessive greed.

[nelson4lov]

Allocating an amount from your monthly income to go into gambling is simply overthinking or overdoing a very simple thing. The general concensus is thar gambling should be done only with money you can lose and not get knocked down by it. So that means it should be only done with spare money that you don't have an immediate use for. If you start allocating money for it, as time goes on, you'll begin increasing that allocation as your losses get bigger and bigger and you need to allocate more in order to bet bigger and recoup losses faster.

[Bananington]

If the intention is just to have fun in gambling games, why regret it? We all know that when we gamble, the chances of us losing are much greater than winning. If we experience defeat, what is important in this case is self-control or emotional control so as not to play again. If you continue to increase your gambling budget to chase wins or losses, you can be sure that you will experience much bigger losses than before. In this case, you should limit your budget for gambling.

It starts as fun but we begin to regret when we start losing and have overspend while gambling. Having fun on a budget won't make you angry but when you have gambled more than you thought you're going to gamble including the loss of the money, you'll be angry. Having a budget is important for having fun or if you're trying to make some cash while gambling. You can't not go wrong while having a budget. A budget is like a guideline for you and it makes you watch out for any irresponsible act that you might want to do when you're losing. Gamblers become irresponsible when they're losing so having a budget helps prevent that behaviour.

[GigaBit]

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.

If the intention is just to have fun in gambling games, why regret it? We all know that when we gamble, the chances of us losing are much greater than winning. If we experience defeat, what is important in this case is self-control or emotional control so as not to play again. If you continue to increase your gambling budget to chase wins or losses, you can be sure that you will experience much bigger losses than before. In this case, you should limit your budget for gambling.

When a person sets his limits in gambling, he can protect himself from excessive losses. There are some gamblers who do not set any limits and gamble according to their wish. Among those gamblers, most of the gamblers are prone to losses and there is a high probability of addiction among them. If the limit is set then the gambler will be able to protect himself from either excessive loss or addiction. Excessive gambling will definitely affect a person's income which will negatively affect his personal life. We should budget our gambling depending on how much we can afford to lose. And the most important thing is that if we can conduct responsible gambling without greed in gambling then from here we will definitely enjoy entertainment and for this everyone must set limits.

[hyudien]

Allocating an amount from your monthly income to go into gambling is simply overthinking or overdoing a very simple thing. The general concensus is thar gambling should be done only with money you can lose and not get knocked down by it. So that means it should be only done with spare money that you don't have an immediate use for. If you start allocating money for it, as time goes on, you'll begin increasing that allocation as your losses get bigger and bigger and you need to allocate more in order to bet bigger and recoup losses faster.

Therefore, allocating a certain amount of money to gambling, in any case, essentially must be willing to lose it, because then we can accept the losses that occur and losing the money that is at stake has become a necessity. because when we can't accept losing money it can make us want to continue gambling when we have lost, whereas even if we continue gambling it doesn't guarantee that we will be able to win. However, by being able to accept defeat or losing money that occurs, it can make us realize that when we have experienced defeat or lost money, we don't have to bet again on the same day. Having limits is the key, but not all gamblers have that.
You can use spare money to gamble, as long as you don't use money that has been allocated for other things, for example money that has been saved. Of course, this money is not good for gambling. Those who gamble using their savings are people who have lost control of themselves so they can do inappropriate things.

[klidex]

Setting aside money from your salary every month or week is actually not something you have to do if you are not a compulsive gambler. If you always set aside money for gambling, it means you always want to gamble every time you receive your salary and this is not a good thing considering that we gamble just to fill ourselves up. free time or to have fun, every time we finish receiving our salary, what we prioritize is your basic and personal needs. If all of that has been met and there is still some left over, it means you have spare money and it's up to you whether you want to use it for whatever you want or save it for emergency needs. However, if you want to gamble, you can use a small portion of the spare money, the most important thing is that it doesn't affect your emotions if you lose the money.

To summarized here; whenever you are gambling with spare money if you don't apply cautiousness you would end up altering your savings in the name of gambling with spare cash or money not in use for other important things. Although if the person is gambling for fun it does matter because any amount wasted is always counted even though you sees it as peanut at least it's a minus (-) to the loser and to their bank account.

It's true that if you don't use your spare money carefully for gambling, it will end up being lost, but that doesn't mean you have to use all of your spare money. For example if you save every month fromfrom the remainder of your salary and put it into your spare money and if you want to gamble before You can save this spare money by taking only a small amount, the important thing is that you can have fun and not exceed the predetermined limit.

[fruktik]

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.

It’s good to write about addiction when a person doesn’t have one. Can you imagine how difficult and difficult it is to get rid of it? This requires moving mountains, and this is not as easy as it seems. I had to work very hard to somehow reduce it a little. I had such withdrawal symptoms just like a drug addict. Although, I sometimes compare myself to them. This is because the signs of addiction are almost the same. If I'm not mistaken, there are even rehabilitation centers where they can help cope with this problem. I somehow managed to go down this path myself, but I didn’t get rid of it completely. Yes, now I control myself, since I have a lot of responsibilities and my loved ones are counting on me.

[Gozie51]

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 this misconception will be as a result of how we gamble or how we see gambling. Of course if you are not a gambler then it would be safer to talk about spare money for gambling expenses because you are not gambling all the time and there won't be any need to set money aside for the purpose of gambling.

But for someone who is a regular gambler, then it will be reasonable for such person to set money outside for it. Setting money aside is for the purpose of control so that you know your stopping limit. However, despite setting such limits, some gambler who don't have proper emotional control of themselves still indulge further after expending their set aside money. But it good for a regular gambler to set money aside for it, it is just like a hobby for such gambler and it should be planned for.

[Kavelj22]

I do not think it is possible to specify a fixed percentage of the monthly salary allocated to gambling that can be appropriate for every person and under all circumstances.

Was thinking in the same lines as this isn't really realistic, percentage based gambling sounds like it can be done on paper but in reality it's easy to get carried away and go over the budget especially if your aren't a regular gambler.
Though for someone having a bigger salary, I believe percentage based gambling can easily work here depending on ones risk appetite and dyou really need to be disciplined to follow it otherwise once in a while you are likely to go overboard!!

It is not possible to specify specific percentages of salaries that apply to any gambling practitioner, but data analysis specialists can suggest a general average that is close to most options. This proposal is based on available data and not an estimated process determined by salaries, since this is almost impossible, as we mentioned. Unfortunately, since collecting this data is almost impossible for any person or institution, the process remains unknown and is based only on expectations that cannot be objective. Perhaps the state authorities can work on this type of data analysis since they can make comparisons because they are the only ones who know the financial and professional status of each users and can impose on the casinos to provide them with all the data necessary to complete the study.