As a gambler do you think we should allocate specific amount to bet on?

[Igebotz]

Whatever you prefer to call it (spare or allocated), should we do it? It's not written in stone that you set a reasonable budget for your leisure activities (including gambling) on a monthly basis but that's still a better practice than an unhinged gambler.

We do not have to cast it on stones until we know it is the right thing to do. A gambler only needs to keep it in mind. Furthermore, the allocated amount is determined by the gambler's financial situation and thus varies from gambler to gambler.

Without a budget, a gambler will struggle to keep track of his progress. When a gambler keeps track of his bets on a regular basis, it becomes easier to determine when he is winning and when he is losing, when he should take a break and when he should continue. Most gamblers do not keep track of all of these, but they are important.

[ajiz138]

Without a budget, a gambler will struggle to keep track of his progress. When a gambler keeps track of his bets on a regular basis, it becomes easier to determine when he is winning and when he is losing, when he should take a break and when he should continue. Most gamblers do not keep track of all of these, but they are important.

However, this can also be a problem for gamblers, because when they look at their gambling journey and see how much they have spent in total, I think it will surprise them.

The reason is that defeat is felt more often than victory, and when they see the total of their losses it will make them not believe in what they have spent. It's optional in my opinion, whether we can see it or not. If not, I think it's better not to.

[LUCKMCFLY]

However, this can also be a problem for gamblers, because when they look at their gambling journey and see how much they have spent in total, I think it will surprise them.

And I have always recommended never to do that, in fact each game session should be unique, that is, let's suppose that we played yesterday and lost about 30usd, we have to get it out of our heads that we lost that money and avoid the fact that if we play today we have that in our mind and even worse that we try to recover that lost money, because that is one of the most common mistakes in every player and it is normal because it is human logic, but it is something that should not be done, that is why we should restart when we are going to play again or have a new game session, thus we avoid having negative or stress feelings.

[JunaidAzizi]

Sparing money or money not in use will not be a good way to reserve for gambling. Gambling doesn't end until your money ends, so if a person, for example, has $2,000 saved and goes to the casino, they will gamble until they lose all this money because in their mind, all this money they are using for gambling is not in use and will deplete their savings. On the other side, if they set a certain percentage of their money for gambling, they will protect their savings from excessive gambling, and through this method, they will not become addicted to gambling. So, in my situation, I make it a priority to set aside a certain percentage every month so that I don't have to borrow money from other people at the end of the month.

[Sim_card]

Whatever you prefer to call it (spare or allocated), should we do it? It's not written in stone that you set a reasonable budget for your leisure activities (including gambling) on a monthly basis but that's still a better practice than an unhinged gambler.

We do not have to cast it on stones until we know it is the right thing to do. A gambler only needs to keep it in mind. Furthermore, the allocated amount is determined by the gambler's financial situation and thus varies from gambler to gambler.

Without a budget, a gambler will struggle to keep track of his progress. When a gambler keeps track of his bets on a regular basis, it becomes easier to determine when he is winning and when he is losing, when he should take a break and when he should continue. Most gamblers do not keep track of all of these, but they are important.

I agree with you that setting a gambling budget help the gamble to keep track on his gambling actives and how much he has lost to gamble. It also helps the gambler from becoming addicted because if he has his gambling budget, he knows when he will stop gambling the moment he has exhausted his budget. It also helps one to be discipline and limit his losses. What I do is that I also set a time limit which enable me to stop gambling when my time elapses no matter if I am winning or losing.

[0t3p0t]

Whatever you prefer to call it (spare or allocated), should we do it? It's not written in stone that you set a reasonable budget for your leisure activities (including gambling) on a monthly basis but that's still a better practice than an unhinged gambler.

We do not have to cast it on stones until we know it is the right thing to do. A gambler only needs to keep it in mind. Furthermore, the allocated amount is determined by the gambler's financial situation and thus varies from gambler to gambler.

Without a budget, a gambler will struggle to keep track of his progress. When a gambler keeps track of his bets on a regular basis, it becomes easier to determine when he is winning and when he is losing, when he should take a break and when he should continue. Most gamblers do not keep track of all of these, but they are important.

I agree with you that setting a gambling budget help the gamble to keep track on his gambling actives and how much he has lost to gamble. It also helps the gambler from becoming addicted because if he has his gambling budget, he knows when he will stop gambling the moment he has exhausted his budget. It also helps one to be discipline and limit his losses. What I do is that I also set a time limit which enable me to stop gambling when my time elapses no matter if I am winning or losing.

Yeah aside from the gambling budget I like the idea of you talking about  putting time limit in our gambling activities as I personally do this with gambling and even video games because I have learned it in the past since the longer we spend time in gambling we lose our bond with our loved ones and we are less productive if we insist.

[Igebotz]

Whatever you prefer to call it (spare or allocated), should we do it? It's not written in stone that you set a reasonable budget for your leisure activities (including gambling) on a monthly basis but that's still a better practice than an unhinged gambler.

We do not have to cast it on stones until we know it is the right thing to do. A gambler only needs to keep it in mind. Furthermore, the allocated amount is determined by the gambler's financial situation and thus varies from gambler to gambler.

Without a budget, a gambler will struggle to keep track of his progress. When a gambler keeps track of his bets on a regular basis, it becomes easier to determine when he is winning and when he is losing, when he should take a break and when he should continue. Most gamblers do not keep track of all of these, but they are important.

I agree with you that setting a gambling budget help the gamble to keep track on his gambling actives and how much he has lost to gamble. It also helps the gambler from becoming addicted because if he has his gambling budget, he knows when he will stop gambling the moment he has exhausted his budget. It also helps one to be discipline and limit his losses. What I do is that I also set a time limit which enable me to stop gambling when my time elapses no matter if I am winning or losing.

Well said. The majority of gamblers are unaware of the importance of setting a budget and thus gamble without a budget. Some people continue to gamble until they run out of money. I have been in this situation before, and all I want to do is keep gambling until I win big. Even on days when I win small amounts of money, I continue to gamble and may spend only 20% of the winnings to pay bills. This was because I was not satisfied with the results I was getting from gambling. The most painful aspect of it is that the win will always appear insignificant until I lose it and then regret using the money for gambling because at this point, a lot of things I should have done with the money will keep running through my mind.

[0t3p0t]

Whatever you prefer to call it (spare or allocated), should we do it? It's not written in stone that you set a reasonable budget for your leisure activities (including gambling) on a monthly basis but that's still a better practice than an unhinged gambler.

We do not have to cast it on stones until we know it is the right thing to do. A gambler only needs to keep it in mind. Furthermore, the allocated amount is determined by the gambler's financial situation and thus varies from gambler to gambler.

Without a budget, a gambler will struggle to keep track of his progress. When a gambler keeps track of his bets on a regular basis, it becomes easier to determine when he is winning and when he is losing, when he should take a break and when he should continue. Most gamblers do not keep track of all of these, but they are important.

I agree with you that setting a gambling budget help the gamble to keep track on his gambling actives and how much he has lost to gamble. It also helps the gambler from becoming addicted because if he has his gambling budget, he knows when he will stop gambling the moment he has exhausted his budget. It also helps one to be discipline and limit his losses. What I do is that I also set a time limit which enable me to stop gambling when my time elapses no matter if I am winning or losing.

Well said. The majority of gamblers are unaware of the importance of setting a budget and thus gamble without a budget. Some people continue to gamble until they run out of money. I have been in this situation before, and all I want to do is keep gambling until I win big. Even on days when I win small amounts of money, I continue to gamble and may spend only 20% of the winnings to pay bills. This was because I was not satisfied with the results I was getting from gambling. The most painful aspect of it is that the win will always appear insignificant until I lose it and then regret using the money for gambling because at this point, a lot of things I should have done with the money will keep running through my mind.

I think most gamblers has experience also this kind of thing in the past or even until today and I was once like that who does not have this limitation because I indiscriminately allocate my money whenever I was having the urge to gamble in the past and that left me painful results as sometimes I lost it all or half of it and sacrificing my needs.

[robelneo]

Of the three option you presented, I chose the 1–5 percent depending on the income strength. I believe this is a safe percentage of your income You're still going to enjoy the game and at the same time not risking your income.
But the biggest question always is: can you stick to that allocation? Because you really never know if you're enjoying it if you exceed your allocation because every session is different from all the other sessions, there are times that you want more than what you can allocate.

[LogitechMouse]

To summary 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.

As I always say, it will all comes to one thing. DISCIPLINE.
One word, but it's very powerful that it can change the life of the gambler depending on how disciplined they are.

A disciplined gambler will not spend their extra money aside from their money that's allocated for gambling only. A disciplined gambler will not use their savings just to recover their losses or to continue gambling. A disciplined gambler will not spend their money that's allocated for more important things. I voted 1-5% because I believe that in my case, that's the total percentage of money that I'm spending on gambling (most of the time, below 5%), and I don't want to spend more on it. I guess I'm lucky that I don't overspend in gambling, and I can control myself especially at times when I needed to stop.

A disciplined gambler will always make better decisions than the one that isn't.

[TomPluz]

This post was a little misconception of a fellow user on the other forum saying that is not a good advise to allocate specific amount to gamble, that is good to gamble with spare money or money not in used.
Okay I was mean to ask this question towards people over here to know and draw different overview from you all to know whether you always have spare fund or money not in use? As a matter of fact I don't have spare money or money not in use and every money is useful to me therefore I have to set some specific amount from my weekly/monthly income to use and gamble to maintain a responsible gambling practice and when this money is exhausted I don't go further to alter any other money kept as reserved or cushion/emergency fund.

Of course, one should not have any limit for gambling that is if one has all the means to do so and is already addicted to winning without looking at losing. Gambling is all about making money...unfortuantely the real winners are the people behind the operation and not really the bettors. When one is into compulsive gambling, sky is the limit and there are those who are so willing to destroy their finance and even of the people around them just to be able to gamble. You can easily see the destructive nature of man in gambling...and since gambling is now being promoted everywhere and now in many apps in our smartphones I am sure that we are now growing a generation of addicted gamblers.

[Crwth]

Having Risk Management towards your gambling habits is important because it will help you eliminate the possibility of losing a lot more. It should be a standard thing, especially when you are gambling.

The idea of having paid all your dues And all of the things that require your money first should go there and then what remains Could be your entertainment money.

[$crypto$]

Having Risk Management towards your gambling habits is important because it will help you eliminate the possibility of losing a lot more. It should be a standard thing, especially when you are gambling.

The idea of having paid all your dues And all of the things that require your money first should go there and then what remains Could be your entertainment money.

In other words, the money that we can use for gambling is money that is not for any needs, or money that we are free to use for anything, including gambling. that way it will be better because we don't have a burden when using the money we have.

Risk management is a basic thing that we must implement, because risk management is something that will probably determine what kind of gambler we will become.

[SmartGold01]

This post was a little misconception of a fellow user on the other forum saying that is not a good advise to allocate specific amount to gamble, that is good to gamble with spare money or money not in used.
Okay I was mean to ask this question towards people over here to know and draw different overview from you all to know whether you always have spare fund or money not in use? As a matter of fact I don't have spare money or money not in use and every money is useful to me therefore I have to set some specific amount from my weekly/monthly income to use and gamble to maintain a responsible gambling practice and when this money is exhausted I don't go further to alter any other money kept as reserved or cushion/emergency fund.

..and since gambling is now being promoted everywhere and now in many apps in our smartphones I am sure that we are now growing a generation of addicted gamblers.

You could be right thu is depends on choice since gambling has been there for long and the addiction stage is still within or below what we expected. The world is changing gradually and no one would be accountable for any damages rather it's their core duty to understand how the world is growing and even as that shouldn't be carried away by any features of the modern technology where a gambler wouldn't take appropriate precautions of themselves to gamble than becoming addicted in the future.

[luckyledger]

This post was a little misconception of a fellow user on the other forum saying that is not a good advise to allocate specific amount to gamble, that is good to gamble with spare money or money not in used.
Okay I was mean to ask this question towards people over here to know and draw different overview from you all to know whether you always have spare fund or money not in use? As a matter of fact I don't have spare money or money not in use and every money is useful to me therefore I have to set some specific amount from my weekly/monthly income to use and gamble to maintain a responsible gambling practice and when this money is exhausted I don't go further to alter any other money kept as reserved or cushion/emergency fund.

..and since gambling is now being promoted everywhere and now in many apps in our smartphones I am sure that we are now growing a generation of addicted gamblers.

You could be right thu is depends on choice since gambling has been there for long and the addiction stage is still within or below what we expected. The world is changing gradually and no one would be accountable for any damages rather it's their core duty to understand how the world is growing and even as that shouldn't be carried away by any features of the modern technology where a gambler wouldn't take appropriate precautions of themselves to gamble than becoming addicted in the future.

I agree! It all boils down to being disciplined and cool-headed while making any decisions that involve your income. Simple as that.