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How Much is Too Much To Gamble?


What is your overall budget?

Determine how much of your income you want to spend on entertainment. National average is about 4%.

Then determine how much of that amount you want to spend on gambling. Half? Than anything over that is too much.

However, once in a while there may be an opportunity to gamble where the possible reward far outweighs the cost of losing.

Suppose you were 21 years old and had one chance out of 1000 to win 100 million dollars, but you had to bet everything you own to try to win it. Would you do it?

If you win, you are an instant multi millionaire and can have anything and everything you want.

If you lose, you are dead broke. but young and can easily recover from this in a year or two.

It might be worth the chance to gamble everything, because the reward would be so great.

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