I don't actually have a betting budget. I know it's surprising but it's true, I just based it on my mood for example in sports betting if there are some good events of course I increase my budget to it and if there's something like football competition or wagering competition I increase my budget to that but that varies it's around $1000 or more.
Not sure about $1k, as gamblers who don't have the budget to gamble will at least only be playing with money ready to lose which means it's not a huge amount. A gambler who has a regular or calculated budget, it is easy for him to prepare a large budget for gambling. But for players who only gamble occasionally in my opinion, I'm not sure that such a gambler will spend a lot of money just to gamble for a moment.
I agree, how can $1000 be at stake in a big competition is that not great? a gambler who does that, of course, is only ready for what he holds in his funds and is ready to lose if determining a $1000 fund is not an easy thing because in gambling, he will feel very sorry if he allocates large amounts, even I am also a gambler with a budget, I will know how the limit is and does not exceed thousands of dollars unless he is a gambling addict who has everything ready.
Every certain competition will of course have a budget that already knows how it should be spent.