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Originally Posted by TheDarkKnight
if you are really pulling down a six figure salary your wife bugging out over a $1000 annual gambling budget is absurd
No, it's not.
As much as we poker players have normalized $1,000 swings and money disappearing into the aether, the truth is that 90% of the population considers this abnormal. People can barely stand the variance in mutual funds for the stock market (where EV is positive), much less gambling (where EV can be positive or negative).
If you were to word associate "gambling", I bet "addiction" would come up an awful lot. Specifically, it sounds like the beginning of a very slippery slope. Just like nobody jumps straight from not using drugs to shooting heroin into their neck, nobody goes from not gambling to losing their life savings in one night. It starts off legitimately and as a one time event - I broke my leg and need morphine / I signed up for a charity tournament. Then it becomes chronic. Then it expands. Then there's dishonesty. And while there are plenty of offramps and some people move down the path slower than others, the fact is that being on the road of vice is a pretty dangerous place to be.
Make an agreement and stick with it.
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Also, you're really not giving yourself much of a chance with that kind of bankroll.
It will last for infinity if he only plays X hours per year and only loses 1000/X dollars per hour.