I want to believe that we all agree that our betting budget should be within 5% -10% of our monthly income as responsible gamblers.
Don't believe on that please... 5% to 10% of our monthly income is like you are considering it as an investment or savings, so no for me, that's why not all. personally, I could take 20% of my monthly income now, and try to grow it, so if I am profitable this month, I don't need to take a cut of my next month salary, instead, I could add it. so it's not really based on monthly income since you don't loss monthly.
However, our perspective on sports betting differs. Look at the gambling sentences and indicate which of the statements you agree or disagree with. You could also write a brief explanation for your standpoint
1. Don't bet all your money on one bet.
This requires bankroll management, and a good bankroll management is you'll be able to manage your bankroll for long term. Hence, you need ( yes it's a need) to ensure that you can raise a decent bankroll to make it long term, otherwise, you'll keep refiling it as you'll only be upset easily.
2. Bet the same amount on every bet.
Could be, or could be not. depending on your bankroll management, but in most cases, bettors increase their stake when their bankroll increase as well due to consistent winning.
3. Don't bet more than once a day.
4. Don't bet every day.
Time management is important, if we have a lot of time, we can gamble more, and if we are making money in gambling like making a living from it, then you can consider it as your job so you'll make it your priority. What's important is
"never allow yourself to get addicted"....