Topic: Bankroll! (Read 566 times)

Sports does takes skills but that luck factor can wipe you out any time. It is the essence of gambling, you cannot guarantee your win even after honing your skills over years. The poker players are often quoted about this but they often have side businesses running which earn cumulatively more than poker itself. Hence whatever bankroll you end up keeping you will have to limit yourself or else you will bust it all.

There is no hard and fast rule regarding this but 10% is what I usually recommend.

Question 3 is a clear no for me, I will always gamble within my means and not spend more than I can afford to lose. I can't understand people that would gamble and recklessly, it just doesn't make any sense. Let's you are profitable at sports betting, why would bet more than you can afford. Just wait a few months and build up your bankroll from your winnings. And if you are not profitable then any additional spending will just increase your losses. As for the profit, I don't have a particular profit that I am aiming for, every win is great and I appreciate it. My focus is more on the risk, I want to avoid losing large sums of my bankroll. My bankroll depends on the type of game I play, for poker I have 500 USD and I only withdraw when I go above 1,000 USD. For sports betting I usually stick to 100-200 USD, except if there is big tournament then I might bet a little more.

That's the problem because if they only compare what they have with what other people have, they will only feel less and want more from other people. The current generation may be more emotional because there is a desire to have more, even in many ways. But they don't see whether it is good or bad for them.

And that's why we never feel satisfied with what we have. That's dangerous because we will keep chasing what we want even though we know we can't get it. But because a desire makes us unable to see our abilities.

When playing gambling, we really have to have good self-control so that we don't pursue something difficult. We don't need to use more money just because we want to win. Getting a win from gambling is not easy and we have to sacrifice more money even though that doesn't guarantee we can win.

Yep, but unfortunately the problem with current generation is they're always like to compare what they have to what people have. When other people have more than them, they think they're not enough and not happy with that, so they will try to gamble as big as the high roller in order to impress other people.

This problem can't prevented because everyone have their own cell phone and they can access it whenever they want.

They are the bettors themselves. That is what they @OP mean there. And I think there is no such thing as investing in sports betting. I mean literally, like investing in casinos bankroll. There are way too many people who are playing gambling. The growth of the gambling places are a proof to that. Therefore, there were actually lots of people who are going to do this. If you think you don't see these types of people.

Well, this thread is already a start for you to see them. The amount you use are not small to the most of us (I believe). But, go ahead if you think you can afford it. Maybe you are only earning more than to the most of us.

Yes, if I use more than $20, I'm afraid it will make me want to use more money, especially if I lose in the gambling game. I often maintain that amount during the week and I try to really limit his gambling time. That way, I can save and not use excess money in gambling.

Playing gambling in small amounts is enough for me, especially if I place bets on sports betting. I don't place more than $3 on a single sports bet and only on a few sports bets I know of. So I still have money to gamble another day and can use it to play slots.

We have to determine the bet amount and not look at other people's bets. They place higher bets because they have more money than us. So we must be able to limit the use of money for gambling to reduce the number of losses.

So, $20 is going to be your maximum bankroll? That seems acceptable for a poor gambler like me. For that amount to last for a week or so, you must be very lucky to win or just break even. Playing rarely and playing small amounts will also be a reason for it to stay longer.

I think it's okay to have expectations but just don't over do it, or over think about it. And just say that even if it won't happen, you will still be alright. Don't copy others if they are betting high. You won't know, what if they are earning more, than yours? And they could also handle the stress when they lose it. There are still gamblers who aren't like that and yet, tries to bet high. Well, good luck to them.

A person who bets on gambling has a different point of view, there are those who are looking for entertainment only and people like this tend to do gambling naturally, I mean people like this usually won't do gambling excessively because they know this is not a place to make money but a place for entertainment based on paid games. Different from people who have the point of view of wanting to seek profit in gambling. indeed everyone wants profit but if they force themselves to seek profit in gambling it is wrong, because if with such a view it will usually make someone crazy about gambling or what is called addiction, especially if it is done in the long term, this can destroy someone's life.

And I think it's just a matter of different perspectives and ways of thinking that have led to a lot of discussion about bankrolls and gambling.

By mentioning entertainment value, that means you are only betting on few games that you could watch? Well, if that's what you're into, then I guess it's good since after all, we all want to be entertain watching our favorite sports, betting is just adding some thrill unto it but it's not for everyone if the topic is about making profit in the long run.

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Most gamblers probably sees bankroll as a per session bankroll, what I'm bringing up on this topic is a bankroll for long term.

Perhaps there are sports bettors out there who treat their bankroll like that.

Gamblers are always more curious, even if they lose most of the time. The feeling keeps pushing them back into gambling.
And when a person is too addicted to gambling, it is difficult for him to be able to return to thinking that gambling is about fun.

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And to know that gambling is risky, do we have to experience a big loss first? I think without having to try and experience it, we will know about the risks, through an experience or an incident that happened to someone else. And people who think that gambling can provide them with benefits, most of them experience the opposite, where this gambling activity becomes a truly detrimental activity

There are different ways or technique to manage the bankroll effectively, and the main goal here is just to keep this bankroll grow, or at least make it last longer if you fail with sports betting.

For me, the easiest and the most effective is the flat betting type, like allocating a certain percentage on your bankroll, however, as you keep gambling and you already are convince you can be profitable, it would be dumb of you if you won't think of increasing of bankroll, so most likley it will change as the longer you gamble, you'll become more aggressive with how you manage it.

What I find is that saying figures is very Difficult to do something , first because a person has to be willing to lose a money in sports betting, in every game, in every casino one is allowed many moves, and this is something that is always known. can be done very Easily, I believe that when we are betting on sports we have to be very sure of our Bets , because to say how much we can win is very difficult, we would have to have an Absolute truth, and this is difficult, because we are people. of trial and error, and although I consider that the activity of sports betting is very similar or rather analogous to trading, because it implies knowing , in trading you cannot gamble because it would be irresponsible, you cannot invent with that , So things have to be very Careful with Money , because money in a casino is everything, and in a sports bet too.

If we decided to Venture into sports Betting, at the moment I would only leave 100usd and those 100usd as a supiociion. My goal would be to raise it to 200 in 1 month , and that is possible , if my analyzes are correct it Could be achieved, but I would have who chooses only 1 sport, at most it can be with boxing or Sometimes with the same UFC fight , which in my opinion is the most you can generate a lot of money with that, therefore, in the case of doing any type of movement, I can go more to train with respect to the sports that I like the most and that I master the most, such as those, otherwise I don't see the need for another sport, because it's like my people say, "He who covers a lot, doesn't squeeze much" and even so In sports they seem easy, but they have their Science, their way of doing things and their secret that for everyone there is always something that can be generated, always taking into consideration something Extraordinary , Like luck for Example.

It's true that the second option is more painful but does managing your bankroll only mean always playing the same amount on each bet? I don't think so, on the contrary... I believe that an elastic rule is always the best option for managing any type of betting option

Yow when you invest yourself into sports betting whether it is online or real, It can still consider gambling and we all know that gambling is fun and at the same time you can earn a profit from it.

Mind you that sports betting is not a waste of time, he just chose to have fun even though the probability of him winning is low. We all know that when we watch sports specially if there is a financial stake involve it brings more excitement for us as well as we are being  entertained.

But then as the nature of gambling is unpredictable sadly you cannot predict the outcome of the game. That is why we should not rely on it as our source of income and only play during our leisure time. I mean it's not bad to dream and hope that luck will come to us and maybe someday we win.

I never really think of gambling as me having a bankroll to play with. I just make wagers appropriately for the event in order to increase my entertainment value. Sometimes that might be a lot or sometimes that might be a small amount, but I never have a specific pot to gamble away that I’ve set aside for it. That almost seems forced.

If you start with more capital,the possibility of winning will be more in the gambling site.Because you can get many chance of winning in the gambling site if you do multiple bets in the gambling site.If you strict with 10-20% of money and that money is 10-30$,then you can bet in the less bets.So the probability of winning will be low for you in the gambling sites.

The sports betting or casino was based on the knowledge of you in the sports and probability.If you had good analytical skill,the casino will be the better option compared to the sports bet.The greedy should be take care in the gambling,because the greedy gamblers will be the loser all the time.

A percentage of what? Your salary? I believe many posters in the topic might have misunderstood the word "Bankroll". In the context of the topic, a "Bankroll" is your "Capital" that's exclusively used ONLY for gambling. It should be separate from your savings, and especially separate from your monthly budget for bills and your necessities. It's not a "Bankroll" if it's money used from your savings account/monthly budget.


This is probably the answer, but it didn't present citations from "the studies".

1. I can start with 1000$ but why would I?
2. 10-30% if I am being humble. 100% if I am being greedy  
3. I would always be content with whatever I get.

Frankly speaking the term investment in sports betting should be made clear. I don't consider gambling as an investment but investing in the casino's bankroll is something that is useful as an investment but not gambling per se. Please do check out the first option although such casinos are dwindling in number.

$20 is quite big amount to gamble and if we said that we bet into sports bet then $20 is quite good enough cause he / shee will make a good profit once we are too lucky to hit the jackpot but if there's no self control then all I can say is that those gamblers who arebet beyonds his limitations then they loss a big amount of money once they can't control themselves . anyways gambling w emust know that it's better to gamble using our money who afford to loss.

One thing i also see about OP series of questions concerning bankroll is that we oursel cannot be too sure on what might comes in thereafter with the way we gamble, we cannot be precise about the bankroll to use in gambling because we are not going to be accurate about it, doing so may be that we are fallen short of the target or running fast above what we are planning for as bankroll, our mood and countenance are bound to change at any point of time while gambling just as gambling will always ever remain unpredictable, same approach goes along with our bankroll.