How much are you willing to gamble

[Eternad]

The question should not be “How much are you willing to gamble?" it should be “How much are you willing to risk?" Gambling is all about taking risks and converting them into profits.

Honestly speaking, I don’t see the difference between how much you can risk/gamble since it’s both incorporated with the possibility to lose money in the process.

We can say that gamble=risk already since it’s a risky leisure activity. It’s not gambling if it doesn’t have risk involved that’s why I don’t see the difference.


Answering the topic, Any amount that I can earn immediately is what I can afford to lose. Specifically my 1 month salary since I do have savings that can cover for that loss in case gambling goes shit.

[Richbased]

Answering the topic, Any amount that I can earn immediately is what I can afford to lose. Specifically my 1 month salary since I do have savings that can cover for that loss in case gambling goes shit.

Inasmuch as everyone is at liberty to decide how they spend their income but saying you can afford to lose one month of your salary to gambling it's really very wrong gambling approach because if you lose your one month salary to gambling, it  will lead you to interfere with your savings such that instead of your savings amount to increase, it will rather reduce and sometimes, you might still come up with the idea of gambling with your next salary in the believe that you may recover your previous losses and before you realize you have entered into another loss and by so doing, that's how you will be tampering with your savings.

[Don Pedro Dinero]

No matter how rich I get, I do not think I would be risking throwing away $30 million.

If you had 30 billion you wouldn't think so. How much money do you think the guy who bet 30 million has?

Answering the topic, Any amount that I can earn immediately is what I can afford to lose. Specifically my 1 month salary since I do have savings that can cover for that loss in case gambling goes shit.

Inasmuch as everyone is at liberty to decide how they spend their income but saying you can afford to lose one month of your salary to gambling it's really very wrong gambling approach because if you lose your one month salary to gambling, it  will lead you to interfere with your savings such that instead of your savings amount to increase, it will rather reduce and sometimes, you might still come up with the idea of gambling with your next salary in the believe that you may recover your previous losses and before you realize you have entered into another loss and by so doing, that's how you will be tampering with your savings.

That depends on the savings he has. If he has a year's (12 months) salary saved up, losing one month gambling is not going to screw up his finances much.
In my case, perhaps my limit for a bet like the election would be half a month's salary.

[Dewi Aries]

We must be able to balance everything well, see our own financial situation when we are going to gamble. If our finances are stable then we can bet an amount that we can afford and actually we should bet an amount of money that we can afford without disturbing other circumstances, meaning if our finances are unstable then don't force yourself to gamble, maybe for rich people whose finances are very stable they can bet with a large amount it doesn't matter if they are still able.

However, for me who is middle to lower class, we should be able to allocate as much as we can, if the bet that is made loses then we must be able to accept it, don't let us have a grudge to want to recover the losses that have occurred because that could be a disaster in the future. In addition, if you want to gamble, you should use money that is not used for other purposes, such as if we have savings, then don't gamble using savings, that's very wrong.

[rahmad2nd]

~~

No matter how rich I get, I do not think I would be risking throwing away $30 million. I am also sure that the French authorities are making moves after this ridiculous amount of money betted to prevent encouraging their citizens from following in the gambler's footsteps. But I think instead of punishing the platform, the government should focus on how can they 'control' their citizens' gambling habits. Focusing on one platform will not eradicate people who would continue to bet this huge amount of money.

Awesome, that's huge for us and I've never had that much money. by the way I've also read some reviews from friends in this thread, some of the references they share are also references so that this discussion doesn't become a wild opinion regarding gambling, especially the person who is the story in this thread. I'm sometimes confused when discussing election gambling anywhere, because I don't understand and have never been involved in this kind of gambling. but seeing this topic and the person who bets with a very fantastic value, for me personally it wouldn't be a problem if he knew the risks if he lost. regarding the discussion you said, the first post already explained that it was a decentralized prediction market and there was no betting limit. anyway, as long as someone is able and willing to accept every risk in their bet, that is their right and decision. what is more rational for me personally, the first post is quite relevant regarding the person who bet big on this US election. besides, this investigation is more directed that there is no market manipulation of the fantastic bets from this person who is the main discussion in this thread. I just have a question that crossed my mind, whether election betting anywhere has a certain level of difficulty.

[Wakate]

Answering the topic, Any amount that I can earn immediately is what I can afford to lose. Specifically my 1 month salary since I do have savings that can cover for that loss in case gambling goes shit.

Inasmuch as everyone is at liberty to decide how they spend their income but saying you can afford to lose one month of your salary to gambling it's really very wrong gambling approach because if you lose your one month salary to gambling, it  will lead you to interfere with your savings such that instead of your savings amount to increase, it will rather reduce and sometimes, you might still come up with the idea of gambling with your next salary in the believe that you may recover your previous losses and before you realize you have entered into another loss and by so doing, that's how you will be tampering with your savings.

The question of how much we ought to gamble with depends on very gamblers because we all does not have the same sources of income. There are some gamblers that have enough funds to gamble with whatever they like without bothering much about their loses. But when it comes to an average earner, it is better we gamble with less amount of funds some than in case we lose bets, we can still have something to hold on to.  Most time it's better we relax and don't gamble too much because I've gambled many times and I've lost bet which made me to be always calm down and relax so I don't gamble too much.

[hahay]

For me personally, who is basically not a rich person then I will only be willing to bet a small amount. Because after all, even though I only  bet  with a small amount of money, it is basically money that is very useful  for my daily life. But yes,because I want to gamble, then I will give up a small percentage of the paycheck I have, and will continue  to gamble until I get a profit. However, when I lose and my budget is depleted, I will stop gambling and then start to re-plan my bets while collecting money for  my gambling budget.

[tvplus006]

...No matter how rich I get, I do not think I would be risking throwing away $30 million. I am also sure that the French authorities are making moves after this ridiculous amount of money betted to prevent encouraging their citizens from following in the gambler's footsteps. But I think instead of punishing the platform, the government should focus on how can they 'control' their citizens' gambling habits. Focusing on one platform will not eradicate people who would continue to bet this huge amount of money.

I can assume that it is as easy for him to bet $30 million as it is for you to put 3 bucks on a bet. In this case, everything will depend on the overall condition of the player, which can amount to hundreds of millions of dollars. As for the check initiated by the French authorities, it can be called to check whether this money was legally earned and whether tax was paid on this amount.

[Dr.Bitcoin_Strange]

In my opinion, it's only two reasons that can make him to stake such huge amount in placing a bet on the election and one of the reason is either he is very rich and has more than that amount or he had an inner information that confirmed that Trump was going to win the election. Among those two reasons, one of them must have made him to take such risk. So, @OP, if you are super rich and got an inner information about which candidate will win the the election, you'd probably place a bet with huge amount.

It is normal to see rich celebrities like sportsmen or entertainers place bets with such an amount. It's strange to see an unknown personality betting heavily in an election that was closely contested. Maybe he is super rich and could afford it and he has a strong conviction that Trump will win. The US elections are highly unpredictable because many polls showed that any of the candidates could win. So the issue of having an insider who gave him the information that Trump will win is not valid. For me regardless of how wealthy I am, I would never risk such amount. Losing such money might lead to a heart attack.

You know bro, there's nothing that is impossible in times of confidential information leaking or one thing leading to another but whether he got an insider information or not, he should be very rich before he can even wager with such amount. Well, let's say you are 100x worth more than that figure and you are politically knowledgeable and so certain that Trump will win the election, I bet you will take the bet 
If you lose the money, you will not get heart attack because you have more but you will sure be angry and might not feel hungry the rest of that day.

[SmartGold01]

For me personally, who is basically not a rich person then I will only be willing to bet a small amount. Because after all, even though I only  bet  with a small amount of money, it is basically money that is very useful  for my daily life. But yes,because I want to gamble, then I will give up a small percentage of the paycheck I have, and will continue  to gamble until I get a profit. However, when I lose and my budget is depleted, I will stop gambling and then start to re-plan my bets while collecting money for  my gambling budget.

This is what most gamblers do not understand about gambling because they think gambling is game of war where they must win while gambling and if they remembered the fun part of gambling then they would stopped gambling, when there is no much profits coming forth, because most people will keep gambling for the profits to come forgotten the fun aspect of it. When gambler put the fun aspect of gambling it makes them forgets about the lose which often come at the ends, though losing money while gambling is something very certain which we must not always have to store at the back of our mind for the lose. So as gambler we should think lose is possible and profits is possible but the chances of profiting is very slim than the lose.

[Oluwa-btc]

No matter how rich I get, I do not think I would be risking throwing away $30 million. I am also sure that the French authorities are making moves after this ridiculous amount of money betted to prevent encouraging their citizens from following in the gambler's footsteps.

Sometimes it's hard to predict the outcome of something but it's best to do what you can and leave the rest, basically on the matter of the Presidential bet I think because such bets hardly come by or happens once in a jiffy, it's definitely a medium to hit jackpot cause if you should gaze in a distance about who the winner for the election would be your predictions would surely cut across giving you just as expected but on the amount used that should be put into consideration, tho some persons don't mind using bigger amount to get big wins as this.

[Blowon]

honestly i would feel uncomfortable risking a lot of money in gambling, but from the topic i read maybe he is really rich so of course he has thought about the risk, then why do you think many people are afraid to copy him? you can copy him if you already understand the risk

[Odusko]

For me personally, who is basically not a rich person then I will only be willing to bet a small amount. Because after all, even though I only  bet  with a small amount of money, it is basically money that is very useful  for my daily life. But yes,because I want to gamble, then I will give up a small percentage of the paycheck I have, and will continue  to gamble until I get a profit. However, when I lose and my budget is depleted, I will stop gambling and then start to re-plan my bets while collecting money for  my gambling budget.

Yes this way you will not be putting yourself under any form of pressure because you will only be gambling with a small amount of money that if you lose it won't affect you that much, considering your financial conditions at that time, and as long as NG as you already stated that you are not a rich guy, that means you must guide every of your financial decisions in other not to fall into possible bad position or even debt because of over spending on a game and losing it.

Alot if gambler bet on the just concluded election and many of them chose Trump as winner in the bets, even though the odds were in favor of the opponent judging from the odds given to each candidates on the gambling sites at that time, but ultimately those who choose Trump as straight winning definitely hard their days of excitement this season.

Even if you bet both big and  or small amount depending of your financial resources, it still give you that excitement of winning the bet at the end of the day

[Zackz5000]

honestly i would feel uncomfortable risking a lot of money in gambling, but from the topic i read maybe he is really rich so of course he has thought about the risk, then why do you think many people are afraid to copy him? you can copy him if you already understand the risk

There is nothing wrong we gamble and then gamble responsibly without using money meant for family need for gambling believing you will double it we should bet with the amount we can afford to loss there is thread in the gambling session where a boyfriend used the money meant for wedding for gambling and he totally lost everything, gambling shouldn't taken as a source of income for you will keep on regretting why you even gamble almost all the time because there is not grantee that will win after gambling unless luck is on side.

[Issa56]

For me personally, who is basically not a rich person then I will only be willing to bet a small amount. Because after all, even though I only  bet  with a small amount of money, it is basically money that is very useful  for my daily life.

I also gamble with just a little amount of money, but no matter how rich I am, I am not going to gamble with so much money because gambling is not what I really take serious, I do it whenever I am bored or I have nothing to do at that time, so even if I am very rich, I don’t think I am just going to sit and start placing bets with so much money. I know some people don’t really care, but we are completely different, and everyone has what he or she can really take a big risk on, for me, I can’t risk so much on gambling. My gambling is always with a little amount, and I am always winning a little amount of money.

[KTChampions]

I have seen various topics discussed in here about their bankrolls or budget and whatnot when gambling. Well a French national just wagered $30 million to a bet about the US election. Now the online platform is being reviewed by France and is being checked if they follow laws accordingly. I am sure that amount shocked them especially after the gambler admitted that it was not even to sponsor Trump and that he did not have any political agenda with that bet. He did win and made profit but I was just so surprised with how can anyone bet this huge amount of money?

No matter how rich I get, I do not think I would be risking throwing away $30 million. I am also sure that the French authorities are making moves after this ridiculous amount of money betted to prevent encouraging their citizens from following in the gambler's footsteps. But I think instead of punishing the platform, the government should focus on how can they 'control' their citizens' gambling habits. Focusing on one platform will not eradicate people who would continue to bet this huge amount of money.

As I understand it, he is not a billionaire, but a risky millionaire (that bet was far from his first big risky win) who saw a good opportunity and made a huge investment. I was also confident in Trump's victory, the only thing that bothered me was the possibility of fraud on the part of the Deep State. That's why I didn't place a bet. He probably decided that if there was a fraud, then the rest didn't matter, and if there wasn't, then he would win big. There is logic in that.
As for what the state should... first of all, it should fuck off from people with its degenerative regulations; the market and adults will decide everything themselves.

[AYOBA]

No matter how rich I get, I do not think I would be risking throwing away $30 million. I am also sure that the French authorities are making moves after this ridiculous amount of money betted to prevent encouraging their citizens from following in the gambler's footsteps. But I think instead of punishing the platform, the government should focus on how can they 'control' their citizens' gambling habits. Focusing on one platform will not eradicate people who would continue to bet this huge amount of money.

The only people that can afford to bet huge amounts of money in the gambling is the millions, because their the one that can take the huge amount of money in their account without feel anything, and that’s why is very bad for those that have nothing their only manage with the little amount of money some people’s earn monthly instead of them to use the money to do any other things that will bring much benefit in to their life: But they will go and spending them in the spot bet and at the end of day some people’s will go empty without achieving single profits.

[promise444c5]

You're just saying that" no matter how rich you are, you won't spend such amount "...well it depends on individual on how he/she wishes to spend their money but Fr there are people that can without feeling it though it's quite a lot of money, it's  just that they can afford to lose it without having negative effect on them . What you can afford to lose is different to what another person can afford to lose.. that's how it works and if he wins, he gets to double or  triple or even more so it's much like he/she can afford it and at the same time taking risk even though it might not affect him/her besides,  trump was the favouritecandidateso it's more like being smart even though it's a risk.

[batang_bitcoin]

You're just saying that" no matter how rich you are, you won't spend such amount "...well it depends on individual on how he/she wishes to spend their money but Fr there are people that can without feeling it though it's quite a lot of money, it's  just that they can afford to lose it without having negative effect on them . What you can afford to lose is different to what another person can afford to lose.. that's how it works and if he wins, he gets to double or  triple or even more so it's much like he/she can afford it and at the same time taking risk even though it might not affect him/her besides,  trump was the favouritecandidateso it's more like being smart even though it's a risk.

That is true but I think that the majority of us here won't spend that much in gambling. Most specially if you came not from money. People can spend as much as they can easily if they've got a lot of it. But if it's the entire thing that you have and savings, you'll definitely protect it so that you won't go broke just because of gambling. We're on the times that we need to be the wisest man if it's about the finances that we have and when we're growing older, you'll have to find a way to make sure that money won't be gone too quickly. And you're right, there are the others that can spend that without any doubt even if it's the whole thing that they have.

[alastantiger]

What you can afford to lose is different to what another person can afford to lose.. that's how it works and if he wins, he gets to double or  triple or even more so it's much like he/she can afford it and at the same time taking risk even though it might not affect him/her besides,  trump was the favourite candidate so it's more like being smart even though it's a risk.

Risk takers are the winners in the world, without risk we'll only grow so slowly and can't be able to afford some things but with risk and we get rewarded, we can afford a better life. I wouldn't agree to spending that much gambling on a single bet but it's his form of risk hence, if it works for him so be it but when it doesn't work, it's going to be his loss and we hope he's as rich as he's claiming because sometimes it might only be an addicted gambler trying to see if he gets lucky to be victorious so he can clear his debts that he got from gambling itself.

The story isn't a complete one hence all we might be doing is having thoughts that are incorrect. I won't gambling if I had that type of money that'll make me willingly to risk that quantity of money. It can be used for something more impacting if I just wanted to throwaway money like that because we know how risks like this ends.