Post
Topic
Board Gambling discussion
Re: Don't bet more than you can afford to lose.
by
tippytoes
on 09/01/2022, 22:22:59 UTC
Personally, I believe that if a person spends no more than $100 a month on gambling is the first sign that he does not have a gambling addiction and is quite able to control their budget. It happens that I spend $200 on gambling but I always split this amount into two different deposits and do not allow myself to spend more than $100 per day.

I think that is way too much unless your monthly income is $10k+.

You shouldn't allocate more than 5% of your income to gambling. You should treat it as an expense because you are mathematically guaranteed to lose it all given that you play with the funds for long enough.

Would you spend $200 a month on movie tickets?

Probably not.

Have the right mindset.

Based on your monthly income, you can inverse your on gambling. Actually investment in gambling will be made without any contradiction and investigation. So it will purely based on your luck. With a luck, you need to be patience to get a decent amount as your profit all the time.

Honestly, I don't consider investment when it comes to gambling. You can never be sure about the return of your money here. Unless, you are investing on the casino's bankroll where at least you can get some type of dividends. But if you are using your money to play, that's not investing but gambling. And the chance of losing it all is actually high if you don't know how to control your gaming habits.