Cryptocurrency Q&A
What is the 1% rule for gambling?
What is the 1% rule for gambling?
ethan_thompson_journalist
Thu Dec 26 2024
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6
answers
1286
I've heard about the 1% rule in gambling, but I'm not sure what it means. Is it related to how much money I should bet or something else? Can someone explain this rule to me in simple terms?
6 answers
Lucia
Sat Dec 28 2024
It is crucial to establish a gambling budget that does not exceed 1% of your household income.
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Carlo
Sat Dec 28 2024
This rule ensures responsible gambling and prevents financial strain.
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GyeongjuGrace
Sat Dec 28 2024
To calculate your monthly gambling allowance, consider your household income before tax.
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ShintoMystery
Sat Dec 28 2024
For instance, if your household income is $70,000 annually before tax, you should limit your monthly gambling to $51.
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SeoulSerenitySeekerPeaceLover
Fri Dec 27 2024
This figure is derived by taking 1% of your monthly income before tax.
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