Your plan is similar to mine but my allocation for the month for gambling is less than 10%. Immediately my budget for the month is exhausted my gambling will be paused until I receive next month's income. Using more than my budget due to emotions or loss chasing will bring hardship to me and my family, so I avoid such actions. . Immediately I win a good sum, my profit will be withdrawn while I might continue gambling with the capital
When we are using percentage to calculate how much we spend on gambling. We have to consider the income too. Your 1% might be bigger than my 10% or even 50% based on my income monthly and vice versa. So whenever we are talking bout percentage we do not know how much another user is referring to and how much he spends monthly on gambling.