a few time that I was a victim of emotional gambling, I always lost, like last week when I got my pay in my stake account, instead of gambling along my already laid down rules and principles of not staking and betting with more than 10% of my total weekly earnings, I got carried away with the possibility of winning a huge amount t and by that, I staked my entire earning for that week.
And even when I almost won the bet with almost 80% cash out of the entire winning, I become so greedy and wanted the match to end so I could walk away with the entire winning amount, but unfortunately, the other team equalized and at the end, I lost everything, then I realize the danger of gambling along the emotional line.
Yeah sometimes we neglect the importance of cash out and that because of greed that brings the temptation of keeping waiting for the whole potential winning but at the end results in losing out. So it happens, most of us have experienced it and you are not the first nor will you be the last.
However, I think betting with 10% of weekly pay is rather high because by the time you calculate the monthly worth of that you know you are betting with a lot of money, except you are having some good profit more than you are losing.
That's why it's important to remind ourselves not to be too greedy if we are given the opportunity to cash in our bet without having to wait for the final result which will make us lose all our winnings just because of 1 mistake, people who are too greedy or too carried away emotionally can indeed be a factor. that person will lose their opportunity because emotions are not very good, especially when applied in gambling where we have to be able to restrain ourselves from getting emotional in order to think clearly.
In my opinion it's okay to use 10% of his total salary because at least he doesn't use it more than 20% and this depends on his opinion, but if he can afford to lose that 10% but if not it's better to reduce his expenses because if we want to decide to gamble we have to prepare cold money or money that is really not used for anything because as we know, gambling is full of risks.