Quote from: pawel7777 on Today at 01:12:04 PM

Quote from: Betwrong on Today at 08:44:12 AM

Indeed, it's a different thing for different people. For me personally it's around the amount of money I can earn in one day. Yes, it is still painful, losing the money you were working for for the whole day, but it's acceptable, it's not the end of the world, you know.

But that's about the money I can afford to lose without bad consequences. Talking about the money that I can easily afford to lose, than it's about a quarter of what I make per day, and that's what I would bet on the single die roll, you are asking in the OP.

That's a sensible approach that can work for you but is not universal. Obviously, for someone with a low income and a tight budget, who struggles to pay the bills (aka half of the UK right now after massive electricity rates hikes lol), a daily pay (or even just 25% of it) is probably too much.

Personally, for the sake of regular gambling, I'd define the "amount I can afford to lose" as excess (or leftover) money at the end of the month, after paying all bills and usual living expenses and also after making a regular contributions to saving/investment accounts.

But that definition and my risk tolerance would change for things like say investment opportunities with lower risk and positive expected returns. In such case I'd be potentially willing to risk any amount that won't cause a massive disruption to my life.

It's important to remember that gambling should always be done responsibly and within your means. It's easy to get caught up in the excitement of potentially winning big, but it's important to remember that the odds are usually in favour of the house and there's a high chance of losing. It's also important to consider the potential consequences of losing a significant amount of money and how it could affect your daily life. Setting clear boundaries and sticking to them is crucial for responsible gambling.

It's also important to understand that gambling should never be used as a means to solve financial problems, as it will likely only make them worse in the long run. It's always best to consult with a financial advisor and/or professional help if you have any concerns about your gambling habits.