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Quote from: stadus on January 05, 2022, 11:46:59 AM

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.

I find 10% of your income a pretty high number for gambling. As you write it also depends on your expenses, so I would rather say 5-10% of your free income (after having deducted your fix expenses such as tax, rent, car, food, ... from your income) is a more reasonable number. Also do you accumulate a "betting depot" where you re-invest your wins or you see it as a one time gamble so that you can live a bit better for a month?

Of course it all depends on your current expenses. For example, if someone is in debt, it would be foolish to risk money in gambling. 10% seems okay to me when you have free funds and you like to spend your time just by having fun at an online casino.

Leisure times isnt bad as long you do have the right control of yourself in terms of spending and allocating budget then i dont see any problems but if you are a type of person which is really that impulsive when

it comes to gambling then it wouldnt really be a good idea that you should really be dealing with it yet spending would be out of control and as long you do have the money to spent then you would really be keeping

on doing that.Use the amount which you can afford to lose and be sure that you wont really be affecting your primary needs and savings then you should be fine.