We always read the words "Don't bet more than you can afford to lose", but are we really following that safe principle in gambling?
So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.
I think there are countries where $2k a month is more of an average salary, and there are places in the world where the same amount will make someone rich. The point is that the cost of living in poor countries is low, so paradoxically the poor can afford to spend more on gambling than someone who lives in a highly developed country.
Even so, I think it's best to use common sense and not to spend more than 10% of income.