I like to bet on College football games. I rarely bet on anything else besides maybe a few Super Bowl prop bets. I bet on teams I like but also bet on games that I would otherwise have no interest in watching if I didn't have a little "skin in the game". So I basically place bets around 20 weeks per year.
My question is (as the sole income earner in a household of 4) what amount of money as a percentage of income do you think is appropriate to gamble with per year?
Based on my betting history I'm at about 5.5% of my income per year, but that is over about a fairly short ~20week period during College football season. I have consistently won money but have taken advantage of a lot of the promotional incentives and "boosts". I understand those promotions will likely go away as sports betting becomes legal in more states.
My question is (as the sole income earner in a household of 4) what amount of money as a percentage of income do you think is appropriate to gamble with per year?
Based on my betting history I'm at about 5.5% of my income per year, but that is over about a fairly short ~20week period during College football season. I have consistently won money but have taken advantage of a lot of the promotional incentives and "boosts". I understand those promotions will likely go away as sports betting becomes legal in more states.