How to be a low risk gambler

[Slow death]

I was once addicted to gambling because I was after making profits. I suffered for three years and after I came out from addiction, I didn't gamble for a year. I am a changed gambler now, I set a gambling budget and a time limit that enables me to stop gambling at the right time. It really worked for me because I don't gamble recklessly.

It's good you were able to break out from that addiction. Many people are really finding it difficult to pull out; once they get addicted, it just becomes part of them. Since you have tested how it feels, you won't allow yourself to get back to such a level again, as you now know your limit and how to avoid doing exactly that which led you into addiction.

People addicted to anything, after a doctor confirms they are cured, are advised to never again engage with the thing that caused their addiction. For example, if a person was addicted to alcohol, the doctor recommends that they never consume alcohol again, even in small amounts. This is because the chances of relapsing are much higher. That's also why doctors don't recommend that people addicted to gambling return to it, whether with small amounts or not. The risk of a former gambling addict relapsing is very high.

[Oasisman]

In fact, if a gambler wants to approach the game responsibly, they should first and foremost adhere to risk management. Of course, you can rely on ready-made solutions, but it's better to calculate the optimal process yourself based on the income you are willing to spend on gambling. For some, spending 1-2% of their income will be the optimal solution, while for others, a fraction of a percent will be the optimal solution.
p.s.
Many people spend $30 or even more per month on various entertainment subscriptions.

I can say that in my opinion this thing about risk management is absolutely sacrosanct.
very complex i must say, therefore, a simple and home-made risk management could be done
set a budget, considering that lost money, that doesn't cause you problems

It seems like a good idea to me

Yep, I was also thinking the same. Sometimes, calculating something that is not really important in your household doesn't make any sense at all. We can just forget that 1-2% allocated budget for gambling and just use that little spare money you have in your pocket, that is, like you said, doesn't cause any problems later.
I'm not saying that allocating a specific budget is bad at all, it is not, and it will work. I was just thinking that because you can afford this portion of your income doesn't mean you're not overspending in your gambling habits. I don't know, but the idea above works for me.

[Tmoonz]

To be a low-risk gambler, you must live a disciplined life, specifically, you must allocate a certain portion of your monthly budget for gambling, and when this allocated portion is exhausted, you will refrain from gambling.
You are not allowed to gamble more than two or four times on a given day in a week or month.

Moreover, another important thing is that you need to avoid excessive emotions and greed. If you lose a lot of bets in gambling, you should not become emotional, but rather you should control yourself and temporarily refrain from gambling. Moreover, if you are part of a family, then you will prioritize your family first and then gambling. If you can participate in gambling for entertainment, then it is okay, and if you participate in gambling for financial income, you will never be a low-risk gambler.

There is nothing more than being able to stay disciplined at all cost no matter how tempted it can be, it is much easier to setup a bank role budget for gambling activities either weekly or monthly than keeping terms to it, it requires focus, determination and courage because most times we do end up doing what we don't want to do and that can get us in to trouble, another definition of a low risk gambler is a responsible gambler, every responsible gamble must be a low risk gambler in the sense that they don't gamble anywhere close to getting being considered high risk.

[Bigjoe33]

To be a low-risk gambler, you must live a disciplined life, specifically, you must allocate a certain portion of your monthly budget for gambling, and when this allocated portion is exhausted, you will refrain from gambling.
You are not allowed to gamble more than two or four times on a given day in a week or month.

Yea, discipline is a very important factor to reduce your gambling involved. Addicts are always carried away, they are always all involved with gambling, sometimes they use all there salaries in gambling and sometimes, loosing all the money.

So a gambler should be able to set a time frame I'm days or weeks of gambling. Even the money to be used for gambling from the salary should also be mapped out and when it is finished you forget about gambling for that period till the next time when salaries come in. This will help to regulate the input to gambling weekly or monthly. If the gambler is able to practice this and put in check the amount of money spent in gambling, it will go a long way in making the gambler a low risk gambler

[Z_MBFM]

snip

It would be normal for a person to spend 1% of their total income on gambling and they would be able to protect themselves from big losses, but it is difficult to say who would be satisfied with gambling with this amount of money. Most gamblers will not be satisfied with gambling for just $8 a month. And not everyone's annual household income may be $10k. In my country, a government official gets a salary of not more than $250 a month. So this is his annual income of only $3k, and in this case his monthly gambling budget should be only $2.5. 1% of total income is not enough to be satisfied with gambling and I don't think anyone can follow this limitation. And when someone cannot follow his own limitation, he will easily become addicted to gambling.

[Ayebabara]

OP, if you want to be a "low risk gambler", then perhaps you shouldn't actually gamble and use your gambling budget to purchase more Bitcoin and HODL.

Because you're "low risk", then you probably don't like losing the money that you have actually earned, no? Don't waste the limited money you have.

Exactly what I’m thinking. Why someone that doesn’t want risk still gamble. It’s not mandatory to gamble since it’s just for entertainment so it’s better to completely avoid rather than making things complicated such as setting this limit just because you don’t want risk.

I have no disagreement on setting the amount that you will gamble but forcing yourself to follow the low budget just because you want low risk is a bit not suitable for gambling at all.

I believe to just play whatever you can afford to lose that will give you an entertainment.

There is no gambling like low risk,every gambler is a high risk gambler. Every aspect of gambling involves risk very high risk,the more you lose the more you have hopes of winning and you put in more money.
 Gambling is very risky

[HONDACD125]

It would be normal for a person to spend 1% of their total income on gambling and they would be able to protect themselves from big losses, but it is difficult to say who would be satisfied with gambling with this amount of money. Most gamblers will not be satisfied with gambling for just $8 a month. And not everyone's annual household income may be $10k. In my country, a government official gets a salary of not more than $250 a month. So this is his annual income of only $3k, and in this case his monthly gambling budget should be only $2.5. 1% of total income is not enough to be satisfied with gambling and I don't think anyone can follow this limitation. And when someone cannot follow his own limitation, he will easily become addicted to gambling.

The amount should obviously depend on how much you earn, how much you spend on your monthly expenditures, and how much you save from it. After doing all that, whatever remains, a portion of could be used for your gambling activities. So many people make enough to be able to have a good gambling budget after sorting everything out, but some people don't make a lot of money, so they only can afford to spend a small amount of money each month on their gambling activities if they are responsible gamblers, because an irresponsible gambler wouldn't care and will spend more than they can afford.

The point is that one should never decide their gambling budget first, and no responsible and disciplined gambler would do that. They will always sort other things out first, monthly expenses, bills, savings, or maybe even investments funds, and then if they have something left, they will use that for entertainment and fun purposes, and gambling should fall in that category.

[rachael9385]

OP, if you want to be a "low risk gambler", then perhaps you shouldn't actually gamble and use your gambling budget to purchase more Bitcoin and HODL.

Because you're "low risk", then you probably don't like losing the money that you have actually earned, no? Don't waste the limited money you have.

You are actually saying something  very sensible, if you are going to be on the safe side just avoid gambling totally instead of just stopping an aspect, stop gambling totally and use rhat capital to do something else because there is no safe way to invest,  if you are not ready to take risks you shouldn't consider to start any investment at all because you are going to lose money

[ruykeri]

To be a low-risk gambler, you must live a disciplined life, specifically, you must allocate a certain portion of your monthly budget for gambling, and when this allocated portion is exhausted, you will refrain from gambling.
You are not allowed to gamble more than two or four times on a given day in a week or month.

Moreover, another important thing is that you need to avoid excessive emotions and greed. If you lose a lot of bets in gambling, you should not become emotional, but rather you should control yourself and temporarily refrain from gambling. Moreover, if you are part of a family, then you will prioritize your family first and then gambling. If you can participate in gambling for entertainment, then it is okay, and if you participate in gambling for financial income, you will never be a low-risk gambler.

There is nothing more than being able to stay disciplined at all cost no matter how tempted it can be, it is much easier to setup a bank role budget for gambling activities either weekly or monthly than keeping terms to it, it requires focus, determination and courage because most times we do end up doing what we don't want to do and that can get us in to trouble, another definition of a low risk gambler is a responsible gambler, every responsible gamble must be a low risk gambler in the sense that they don't gamble anywhere close to getting being considered high risk.

You have said a lot of important things. In fact, self-control is the biggest way to reduce the risk of gambling addiction. We can never make our predictions 100% accurate. We have no control over what will actually happen in any betting case, but we can control ourselves. By controlling our decisions and emotions, we can bet correctly and responsibly. As a result, we will be saved from major losses.

[tread93]

Being a low risk gambler From the link, gamblers who are finding it difficult with the way they lose money can learn from this three steps.

Gamble no more than 1% of household income: It is greed that cause some huge loses that gamblers encounter, either they are going to chase what they have lost and they increase how much to gamble with or they are naturally a high risk taker. The best way to have a reasonable gambling experience is to use small amount at least 1% of monthly income. The table below also show an example how that can be calculated with the monthly salary.



Gamble no more than 4 days per month: I don't know how easy this will be for many gamblers because even around me, gamblers don't just gamble 4 times in a month. Gambling 4 times means 1 per week and I think that is reasonable. It will be easier for those who don't have Android phones   or those who are really busy with office work and barely have time, just on weekends. But this is reasonable and will help to reduce addiction if we have the emotional control. My suggestion is, to gamble four times in a month, you have to focus on few games or sports, maybe just focus of football and particularly with few leagues.

Avoid regularly gambling at more than 2 types of games: Yes like I suggested above, if you are playing on many games you will have that push to always gamble but the fewer the games the lesser times you gamble.

So how do you play as a low risk gambler?

Or you just can't adjust with the numbers of times you gamble?

I feel like at most without even having to calculate anything the most i gamble every month varies but I want to say I am more in the 40-60 dollar range as I just dont bet all that much. Sometimes I splurged though but some months I dont even gsmble at all

[TelolettOm]

There is no gambling like low risk,every gambler is a high risk gambler. Every aspect of gambling involves risk very high risk,the more you lose the more you have hopes of winning and you put in more money. Gambling is very risky

I don't think so. There are low-risk gamblers, they are the gamblers who set the limit in gambling and they gamble for fun only. If we compare with the gamblers with no limit and they chase the money in gambling, people who gamble for fun and with certain limit must be lower risk. However, it is true that random gamblers are still high-risk gamblers because they have no certain approach in gambling. They are still possible to gamble in an excessive way.

[Yablee0]

OP, if you want to be a "low risk gambler", then perhaps you shouldn't actually gamble and use your gambling budget to purchase more Bitcoin and HODL.

Because you're "low risk", then you probably don't like losing the money that you have actually earned, no? Don't waste the limited money you have.

You are actually saying something  very sensible, if you are going to be on the safe side just avoid gambling totally instead of just stopping an aspect, stop gambling totally and use rhat capital to do something else because there is no safe way to invest,  if you are not ready to take risks you shouldn't consider to start any investment at all because you are going to lose money

Even if you want to  gamble and want your safety to be ensured go with a zero or lesser expectation, you really don't need to rely solving your real life problem with it. Concentrate more in the fun attach to it and not the financial aspect, stake what you can afford to lose and also endeavor to walk away when it's no more condisive to you and you will enjoy the zero risk in gambling.

[shield132]

Gambling with 1% of household income is not good advice because the majority of us don't live in the United States as a software engineer to earn $100K to be able to gamble as we want because those who live in poor countries usually earn $600 per month and you can't have fun with $6 per month in a casino. In this case, it's better to play 0 house edge games like Metawin has because mathematically, you aren't losing anything if you gamble long-term or in the best case, people can play with play money for free, except for live casino games.

[fruktik]

You understand this when you look at things in a calm state, but once you face emotions during the game everything is perceived differently. You become more susceptible to emotional decisions, and if you do not have a clear plan for how to act in such a situation you are more likely to make mistakes. Limits on bets can help best. You can restrict your budget for a day or for a week and this will already help you avoid unnecessary spending.

This is exactly me. As soon as I start playing slots, I'm immediately overcome with emotion. I try to control myself, but it's not working out very well. The process is quite addictive, especially when I start increasing the bet. So how do I maintain my composure? Is it even possible? I came to the casino for this emotional experience. What can I do? I can only set aside a certain amount of money for the game. I can't spend more than that, as it would hurt the family budget.

[fredericktaylor]

You understand this when you look at things in a calm state, but once you face emotions during the game everything is perceived differently. You become more susceptible to emotional decisions, and if you do not have a clear plan for how to act in such a situation you are more likely to make mistakes. Limits on bets can help best. You can restrict your budget for a day or for a week and this will already help you avoid unnecessary spending.

This is exactly me. As soon as I start playing slots, I'm immediately overcome with emotion. I try to control myself, but it's not working out very well. The process is quite addictive, especially when I start increasing the bet. So how do I maintain my composure? Is it even possible? I came to the casino for this emotional experience. What can I do? I can only set aside a certain amount of money for the game. I can't spend more than that, as it would hurt the family budget.

It is very important and wise to set a budget and time to manage gambling in an orderly manner, it is impossible to predict the outcome of gambling in advance. Therefore, no matter what the outcome is, gambling can be managed in an orderly manner. Setting a budget is very important. This way, you can control your emotions or greed, maintain self-control, protect yourself from big losses, and enjoy the real fun of gambling.

[Grace333]

Even if you want to  gamble and want your safety to be ensured go with a zero or lesser expectation, you really don't need to rely solving your real life problem with it. Concentrate more in the fun attach to it and not the financial aspect, stake what you can afford to lose and also endeavor to walk away when it's no more condisive to you and you will enjoy the zero risk in gambling.

Yeah true, once you start seeing gambling as a way to solve problems or even live off, that is when trouble starts.
Just do it for fun, small stakes and nothing serious.. Once it stops being enjoyable, I’m out…

[Fredomago]

There is no gambling like low risk,every gambler is a high risk gambler. Every aspect of gambling involves risk very high risk,the more you lose the more you have hopes of winning and you put in more money. Gambling is very risky

I don't think so. There are low-risk gamblers, they are the gamblers who set the limit in gambling and they gamble for fun only. If we compare with the gamblers with no limit and they chase the money in gambling, people who gamble for fun and with certain limit must be lower risk. However, it is true that random gamblers are still high-risk gamblers because they have no certain approach in gambling. They are still possible to gamble in an excessive way.

I agree to that, not everyone have same perspectives while they are involve into gambling, we do have different personalities and we can't generalize that everyone have that same attitude towards gambling, like you mentioned there are gamblers who responsible enough to set their limitation and practice what they set up.

Though not many can do that and act as responsible gambler as temptation can push anyone to keep betting and keep trying their luck to back them up to earn some decent amounts.

[Baki202]

There is nothing more than being able to stay disciplined at all cost no matter how tempted it can be, it is much easier to setup a bank role budget for gambling activities either weekly or monthly than keeping terms to it, it requires focus, determination and courage because most times we do end up doing what we don't want to do and that can get us in to trouble, another definition of a low risk gambler is a responsible gambler, every responsible gamble must be a low risk gambler in the sense that they don't gamble anywhere close to getting being considered high risk.

Gambling can be fun especially when you are winning because one of the challenges people face is control, when they are into gambling majority find it very difficult to control there emotion.. and when you have a budget it makes you more disciplined because everything will be under control and you will not want to cross that line. Because you know that your money is at stake we know that there times you will.want to take risk but when you are taking risk it should be a reasonable one. And the truth of it is that gambling is not for the weak you have to be emotionally strong so that you will not be addicted.

One of the worst things that can happen to a person is addiction. because you won't get any positive outcomes from it. Additionally, being a responsive gambler is preferable to simply gambling carelessly in order to profit. Sometimes we get carried away when gambling, but we must control ourselves to avoid being addicted and suffering; the majority of addicts need to attend therapy in order to overcome their addiction. because it has reached the point where they are unable to assist themselves.

[Koadharber]

There is no gambling like low risk,every gambler is a high risk gambler. Every aspect of gambling involves risk very high risk,the more you lose the more you have hopes of winning and you put in more money. Gambling is very risky

I don't think so. There are low-risk gamblers, they are the gamblers who set the limit in gambling and they gamble for fun only. If we compare with the gamblers with no limit and they chase the money in gambling, people who gamble for fun and with certain limit must be lower risk. However, it is true that random gamblers are still high-risk gamblers because they have no certain approach in gambling. They are still possible to gamble in an excessive way.

I agree to that, not everyone have same perspectives while they are involve into gambling, we do have different personalities and we can't generalize that everyone have that same attitude towards gambling, like you mentioned there are gamblers who responsible enough to set their limitation and practice what they set up.

Though not many can do that and act as responsible gambler as temptation can push anyone to keep betting and keep trying their luck to back them up to earn some decent amounts.

Thats why its very hard to make out some recommendations even if you do know yourself that you cant be able to do it at the time that you do gamble. There are people who are really that good when it comes to making up some suggestions or opinions but in real life, they are also having some problems or struggles when it comes on controlling themselves at the time that they do gamble. Basing up into those image posted on OP that showing up an income bracket and on the amount that you should be using up on gambling or betting, then i doubt that people would be that following on this one. Why? It is just that too small if we do tend to look up on how much a certain person is earning.

You would definitely be thinking that you do still have that big breathing space on which considering on how much you do earn and since that gambling thrill do creeps out into your mind and body then you would definitely be ending up on being careless and would be starting on making betting like a madman.

[Olatundespo]

To be a low-risk gambler, you must live a disciplined life, specifically, you must allocate a certain portion of your monthly budget for gambling, and when this allocated portion is exhausted, you will refrain from gambling.
You are not allowed to gamble more than two or four times on a given day in a week or month.

Moreover, another important thing is that you need to avoid excessive emotions and greed. If you lose a lot of bets in gambling, you should not become emotional, but rather you should control yourself and temporarily refrain from gambling. Moreover, if you are part of a family, then you will prioritize your family first and then gambling. If you can participate in gambling for entertainment, then it is okay, and if you participate in gambling for financial income, you will never be a low-risk gambler.

There is nothing more than being able to stay disciplined at all cost no matter how tempted it can be, it is much easier to setup a bank role budget for gambling activities either weekly or monthly than keeping terms to it, it requires focus, determination and courage because most times we do end up doing what we don't want to do and that can get us in to trouble, another definition of a low risk gambler is a responsible gambler, every responsible gamble must be a low risk gambler in the sense that they don't gamble anywhere close to getting being considered high risk.

But the problem is that most gamblers don't want to be bound by the rules and so they end up losing more money. I remember when I was new to gambling, gambling was more important to me than anything else. Times change and financial crises brought me back to my senses. But most gamblers lose so much and become addicted that they lose a lot of money.

By low risk in gambling I mean that you must limit your bankroll allocation. Without limiting the amount of money you have to gamble, you cannot control yourself from getting addicted. High risk in gambling is when you cannot manage your bankroll properly.