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.
After watching the Twitch streamers spinning thousand $ per bet, the limits can blow up our minds. The gambling addiction can push the gambler to do ungrateful things and the streamers with fake money just trigger our urge to deposit more in order to keep chasing losses. In my worst days, I had pinned the Buffalo King slot for 2000 spins and in 6 bonus rounds, I didn't even recover the previous loss per session. In a normal cases, my max is 100 spins per slot but you wanna do it sometimes.