Bankroll! - page 3. | Bitcointalksearch.org

Lanatsa

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Quote from: mirakal on December 11, 2023, 01:16:59 AM

I know there are bettors here who dream of investing in sports betting and hoping to consistently make money from it.

So, I'd like to ask the following questions:

1. How much bankroll can you afford to start with?

2. With your bankroll, how much expected profit do you anticipate in a year?

3. Will you be content with your profit? If not, have you considered increasing your bankroll, even if you cannot afford it?

Depends on the current money that i do have or extra funds on that particular time because not all the time you would really be having that money for you to play on, this is why it would really be just that depending.
Not all would really be that huge or big splurges when it comes to gambling on which some would really be that mindful about their spending on which it is really just that a must thing to be done in the first place.
Bankroll would really definitely vary on each person or individual since not all would really be that rich or heavy gambler and this is why it would really be that depending on how much you could really be able to spend.
I dont really expect much when it comes to profits because everything would really be just that depending on how lucky you are when you do gamble. The difference when you do involved on sports betting is that
you could really be able to apply some analysis on which it would really be giving out that kind of chance or higher probability on winning up the bet but of course luck would really be still that necessary for you to win.
It is really just that a matter of acceptance on how you would really be gonna dealing with it.

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$10 - $15 to start betting every week, I'm not setting a huge amount but that's enough to bet on football let alone multi betting.

There are no expectations every year, I don't record how much I win and lose because it's purely for fun, if I win I immediately withdraw and leave a little in the casino.

Currently, I am quite satisfied, although sometimes I lose a lot, but from all that I don't want to increase the bet just for the sake of wanting a bigger win.
I don't do that.

letteredhub

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Quote from: mirakal on December 11, 2023, 01:16:59 AM

So, I'd like to ask the following questions:

1. How much bankroll can you afford to start with?

Bankroll should be according to what you earn as monthly or weekly income. Our income should determine the percentage of the bankroll we chose to use for gambling. It's not a competition it's a personal journey.

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2. With your bankroll, how much expected profit do you anticipate in a year?

That's the problem with wild gambling, when you have much expectations and you are not meeting up you start feeling like a loser the next thing is to chase those losses thinking you can be able to make your expectations possible. I prefer not having an expectation that way I don't have to worry much how things decides to go.

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3. Will you be content with your profit? If not, have you considered increasing your bankroll, even if you cannot afford it?

Yes contented gamblers are healthy gamblers, if you don't get contented with a profit made you may end up losing it all chasing for more.

stomachgrowls

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Quote from: mirakal on December 11, 2023, 01:16:59 AM

I know there are bettors here who dream of investing in sports betting and hoping to consistently make money from it.

So, I'd like to ask the following questions:

1. How much bankroll can you afford to start with?

2. With your bankroll, how much expected profit do you anticipate in a year?

3. Will you be content with your profit? If not, have you considered increasing your bankroll, even if you cannot afford it?

1. $100 or $200 should be enough.
2. I dont expect profits but as much as possible i would really be that preferring on high winning rate but of course nothing is certain if we do speak about betting.
3. Contentment would be always the key but once that adrenaline rush kicks in, then those initial plans and limiting will really be forgotten.

This is why it would really be that so crucial or much important that you shouldn't really be forgetting with those limits that you had set earlier.
For me, i dont care that much or making that myself too desperate on making up wins but as much as possible it would really be great that winning odds or chance is really that
much better but since gambling or betting do pertains about on how lucky you are then you should really be prepared on what are the things that might happen.
There are really just those people who cant really just that easily accept and become that impulsive.

madnessteat

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Quote from: mirakal on December 11, 2023, 01:16:59 AM

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I strictly limit my bankroll to those funds, losing which I will not blame myself. If someone thinks that if he increases the bankroll and it will lead him to increase his income from gambling, he clearly has the wrong idea about gambling. Yes, on the one hand, increasing the bankroll can increase profits, but at the same time, the risks increase linearly. In order to quench his sense of excitement is enough to spend 2-5% of personal income. At least that is enough for me.

Antotena

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Quote from: mirakal on December 11, 2023, 01:16:59 AM

I know there are bettors here who dream of investing in sports betting and hoping to consistently make money from it.

I'm not sure what is your own definition of investimg is all about but I know gambling is not an investment, rather as the name implies is gambling and when you gamble, the risk is usually high sometimes it can even be 70% chance of losing or even more than that. I don't recommend gambling as an investment but should be entertaining way of risking what you can afford to lose and if it favour you, it might give you something in return and may not.

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So, I'd like to ask the following questions:

1. How much bankroll can you afford to start with?

I don't think this should be a general question because it should be dependent on what you can afford to lose, a bettor can decide to use $1000 as bankroll but might be too big for me to do.

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2. With your bankroll, how much expected profit do you anticipate in a year?

3. Will you be content with your profit? If not, have you considered increasing your bankroll, even if you cannot afford it?

Expected profit depend on the amount you can afford to to lose as well.

In gambling, once you are too greedy, you will not only lose your bankroll, you will lose focus and start depositing more than you can afford to lose. If don't lose my bankroll, I'm very okay with any amount of profit I get at the end of the day.

Fivestar4everMVP

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Sports betting is not a commodity or an asset that it should be invested in, any body who finds nothing else to invest money on other than sports betting is foolish to be honest.
There is no consistent winning in any form of gambling including sports betting, it has always been advised that we all should do gambling only with the amount of money we can easily afford to lose.

Depending on sports betting as a means of profit is totally unadvisable, for there is no winning guarantee, games you thought and hoped that you could win and you pour all your bankroll into it, may end up being the one game you end up losing.

So, never should we see anything gambling as an investment, it's not and will never be, except one is investing in the casinos bankroll for a share in the casino's weekly or monthly profit.

rhomelmabini

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Quote from: mirakal on December 11, 2023, 01:16:59 AM

I know there are bettors here who dream of investing in sports betting and hoping to consistently make money from it.

So, I'd like to ask the following questions:

1. How much bankroll can you afford to start with?

2. With your bankroll, how much expected profit do you anticipate in a year?

3. Will you be content with your profit? If not, have you considered increasing your bankroll, even if you cannot afford it?

1. I think $500 dollars, that's pretty huge already even though I'm not that really the kind of a regular gambler.

2. For a year? I think that's difficult to estimate when even your bankroll could be burnt in just a few weeks or months. I think x4 or x5 would be enough for me for over a year.

3. Of course, you don't have to push it when it's just really the limit of what you can profit, at least you've got a profit. Being contented comes with strong conviction that it is what you can make, just be good with that.

panjul07

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Quote from: mirakal on December 11, 2023, 01:16:59 AM

1. How much bankroll can you afford to start with?

Flexible, depending on how much money I have that I can afford to lose after I spent my income for other important things in life.
I have no fixed amount to play but I have limit on how much to spend, usually no more than $250 in a month.

Quote from: mirakal on December 11, 2023, 01:16:59 AM

2. With your bankroll, how much expected profit do you anticipate in a year?

Double or tripple my starting bankroll is more than enough for me.
In case I get a better luck that give me like 5x or more, I'll withdraw the profit and continue playing with the initial bankroll only.
But I made double or tripple only, I will withdraw at least 90% of my balance.

Quote from: mirakal on December 11, 2023, 01:16:59 AM

3. Will you be content with your profit? If not, have you considered increasing your bankroll, even if you cannot afford it?

Sure we have to stick on what we expect or we have set before start, this is one of the available ways to avoid greed and addiction.
I will never increase my bankroll more than what I have prepared, better to safe than sorry later.

Hispo

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If I managed to get seriously into sportbetting for the sake of profit in the long turn (like the year of period of time you mention) I believe I would start with an initial bankroll of some hundreds of dollars, not many, perhaps about 300$-500$.
I would consider myself to be going in a good track if I managed to get a 50-70% of returns on my initial bankroll, to be honest. Otherwise, I think I would retire from betting for the sake of profits and only start doing it again for recreational purposes.

I do not think I would go more deep into betting and use money I cannot afford to lose as bankroll, because I think to be realistic on my expectation and have a conservative risk management. On the other hand, I am sure if I managed to get a 50-70% at the end of the year, I would feel incredibly tempted to add more money to the betting bankroll. It would depend much on how confident I feel on myself.

Though, important to mentioned that sportbetting is much more than bankroll management, one can be a very good and technical person when comes to managing money and use tools as Spreadsheets and functions, but any of matters whatsoever if one does not have the luck and the intuition to predict the outcome of important matches, where the most liquidity is...

uneng

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Quote from: mirakal on December 11, 2023, 01:16:59 AM

I know there are bettors here who dream of investing in sports betting and hoping to consistently make money from it.

Investing in sports betting? Since the beginning, this idea is completely erroneous. You can't invest in gambling games, because they aren't investments. They are games of luck with random results. When making an investment, you have to analyze how guaranteed and safe it's going to be along the time your money will be invested there, so you can conclude if it's worthful or not.

In sports betting case, it's definitely not, because only a very small percentage of the total number of gamblers manage to make this activity profitable on long run, with a winning percentage around 52%-55%.

Don't misunderstand business with entertainment, for the good of your own finances. Keep realistic with your bankroll, never increasing it for chasing losses or pursuing goals you can't afford.

Findingnemo

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Quote from: Hypnosis00 on December 13, 2023, 01:26:19 AM

Your take is, it's not an investment because you don't believe there sports bettor out there who are consistently making profit with sports betting? Or it's just your way of sending warning to gamblers that we will just likely lose so don't try?

Compared to casino games, someone can have a high success rate in sports betting but in games with obvious results the odds are not going to be that big so you only make very less reward from your bet amount whereas if underdog beats the favorite then you might end up losing the reward of 10 of similar games so even with 10:1 the profit can be literally zero.

And myself more of a casino guy, just gamble and flee away because more time I spend the chances of getting deep into it high which I don't want to do and sport betting on games could add more pressure and enjoy the entertaining factor of that game in my opinion.

Wexnident

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Quote from: mirakal on December 11, 2023, 01:16:59 AM

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Around $100 lately? It was a bit bigger but I've recently decreased it since I'm planning to move some of the money spent there towards investments instead.

As for expected, 0 really. it's what I expect from anything I spend money on. Money I don't have is money I don't own, simple as that. it's rather stressful to live thinking "I already got that million dollars from the casino, just gotta win it" kind of mindset.

As for profit, I'm usually content with anything twice over any of my initial bet. Now if it's enough to stop me, well, a $100 per session isn't going to provide much in terms of profit so I highly doubt I'd be satisfied. And as for increasing my bankroll, no. I have this certain upper limit that might or might not change depending on my standard of living.

Natalim

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Quote from: junder on December 13, 2023, 06:05:10 AM

I personally wouldn't do that because even though I have a lot of money I've never thought in that direction, by making a very large deposit, because I myself am someone who doesn't dare to take risks in terms of gambling, it's better for me to invest it if that's the case.

Everyone has out own choice, maybe you only see gambling as a form of entertainment, therefore you should only put a very limited amount of money, enough to make you have fun regardless of the outcome. However, there are people who really thought they can make a living in gambling, try to watch youtube videos, you'll see a lot of stories, so if a gambler sees that, it could inspire him to build his own journey.

It's a huge challenge as the success rate is less than 5%, that according to what I read. So becoming successful is life proving to yourself that you are special.

angrybirdy

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Quote from: mirakal on December 11, 2023, 01:16:59 AM

I know there are bettors here who dream of investing in sports betting and hoping to consistently make money from it.

So, I'd like to ask the following questions:

1. How much bankroll can you afford to start with?

2. With your bankroll, how much expected profit do you anticipate in a year?

3. Will you be content with your profit? If not, have you considered increasing your bankroll, even if you cannot afford it?

Here's my answer on your questions:

1. For this question, I can't say the amount because there's no specific amount. I just use my extra money for sport betting and I do not
place it all at once. I'm just using the amount that I can afford to lose.

2. Honestly, I don't know because I play sports betting for fun if I have spare money and time only. So, I don't expect any profit since I'm using small amount only.

3. I am contented on my budgeted money for gambling and I don't consider increasing my bankroll since my budget is limited only and I'm more focusing in my essentials than my own leisure.

That's all!

junder

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Quote from: Maslate on December 12, 2023, 11:30:49 PM

Quote from: Lannakosa on December 11, 2023, 01:58:06 PM

Quote from: junder on December 11, 2023, 10:22:16 AM

I set a gambling budget of $10, because with that amount for me it is enough to do gambling and it is enough to pay for my desire to gamble, because if I set a higher gambling budget I am not ready to take the risk. so with the budget that I have set I think it is more than enough. for my own profit I don't think about it, even if I get a win, of course I will cash it in and if I lose I don't continue gambling because I already know the results will probably still lose so I stop there and come back later after a few days or a few weeks later.

Even if the profit is small for people who have a good mindset it is quite satisfied, but maybe for people who do not have a poor mindset for them small profits cannot make them satisfied and make them always gamble to pursue bigger wins in order to get big profits too.

I’m definitely new to gambling, but even I understand that $10 is too small a deposit to count on any profit. You probably play just for fun and it is obvious that this is the amount for you, that will not be difficult to lose.

I always thought that players who expect to make money in gambling should have a gaming deposit at least close to a thousand dollars. But if it’s just for fun, then the amount can be any.

That's true, if you are ambitous enough to make money in gambling, you should start with a decent bankroll as that would make you serious with gambling. It's not about having fun anymore, it's about using your skills to be profitable in gambling, with $1000, you can win $1000.. it's still sounds so realistic, but having $100 to win $1000, thats kinda hard to achieve, you need to be extremely lucky to get that amount.

I personally wouldn't do that because even though I have a lot of money I've never thought in that direction, by making a very large deposit, because I myself am someone who doesn't dare to take risks in terms of gambling, it's better for me to invest it if that's the case. also I believe in luck, no matter how small the bet is if luck is on my side I think it can get victory. Maybe other people are different, like you who dare to deposit a large amount, because they believe they can get a win equal to their capital. but I myself don't, I once deposited $50 and I got a profit of $250, so from that I believe in luck. if luck is on the side then victory will be obtained. I don't know if other people will agree or not with my opinion, because it's not my business, everyone has their own choices.

LesterD

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Quote from: mirakal on December 11, 2023, 01:16:59 AM

1. How much bankroll can you afford to start with?

No specific amount, but I only use my extra money every time I start to gamble. Not that high, but not too low.

Quote from: mirakal on December 11, 2023, 01:16:59 AM

2. With your bankroll, how much expected profit do you anticipate in a year?

I can't think of an exact answer to this question. I only play to enjoy and if luck is with me, the winning is a bonus that I can use to play some other time.

Quote from: mirakal on December 11, 2023, 01:16:59 AM

3. Will you be content with your profit? If not, have you considered increasing your bankroll, even if you cannot afford it?

Yes, I always try to keep myself under control. I know to myself if ever that I try to increase my bankroll, I might be blinded with more winnings and becomes the reason to lose more money.

ethereumhunter

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Quote from: mirakal on December 11, 2023, 01:16:59 AM

I know there are bettors here who dream of investing in sports betting and hoping to consistently make money from it.

So, I'd like to ask the following questions:

1. How much bankroll can you afford to start with?

2. With your bankroll, how much expected profit do you anticipate in a year?

3. Will you be content with your profit? If not, have you considered increasing your bankroll, even if you cannot afford it?

Sports betting is not an investment but it is the same as betting in other gambling games. If you want to invest, choose an investment that can become your savings where the investment can provide benefits in the future, such as investing in bitcoin.

I usually put up $15 or $20 to bet on sports betting. But I don't bet above $5 because I might want to bet on several games at once. So far, the results are still good and I still place sports bets even though I don't watch the matches very often. But I don't intend to increase the money for the bet because that means I increase the risk of losing the money.

Hypnosis00

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Quote from: Findingnemo on December 13, 2023, 01:09:39 AM

Quote from: mirakal on December 11, 2023, 01:16:59 AM

I know there are bettors here who dream of investing in sports betting and hoping to consistently make money from it.

So, I'd like to ask the following questions:

1. How much bankroll can you afford to start with?

2. With your bankroll, how much expected profit do you anticipate in a year?

3. Will you be content with your profit? If not, have you considered increasing your bankroll, even if you cannot afford it?

With all these questions, all I can imagine is you see sports betting as similar to investment which is not.

Yeah, he probably sees it as an investment. Your take is, it's not an investment because you don't believe there sports bettor out there who are consistently making profit with sports betting? Or it's just your way of sending warning to gamblers that we will just likely lose so don't try?

Quote from: Findingnemo on December 13, 2023, 01:09:39 AM

I don't really play to bet on sports like that and myself rarely bet on sports and it will be only for short for specific game(s) and win or lose just celebrate and then move on.

Now I see, you aren't consistently gambling into sports. That's why....

lienfaye

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Quote from: mirakal on December 11, 2023, 01:16:59 AM

1. How much bankroll can you afford to start with?

Depends on my set budget, but usually it ranges to $20-$40. That's my set amount meant for leisure.

Quote from: mirakal on December 11, 2023, 01:16:59 AM

2. With your bankroll, how much expected profit do you anticipate in a year?

I never think of it honestly. Of course as a gambler I want to win and somehow earn. But if that's your mindset when playing, it's not going to be healthy since you have high hopes which is not advisable in gambling.

Quote from: mirakal on December 11, 2023, 01:16:59 AM

3. Will you be content with your profit? If not, have you considered increasing your bankroll, even if you cannot afford it?

I don't go beyond my set budget and that's how I discipline myself. So if i'm out of funds already then it's time to quit. Regardless of how much I won during my gambling session that's already good enough.

Topic: Bankroll! - page 3. (Read 612 times)