Topic: Do you set a specific bankroll before gambling or not? (Read 1557 times)

When I played poker, yes. If you want to play seriously and have any chance of making money in the long run, bankroll management is a must. When I deposit to play casino games, it's not. It's money that I take for lost, and if I get lucky and I hit a big win, I cash out.

Completely agree with you. This aspect often goes unnoticed because we’re so focused on winning, and sometimes we become unrealistic, thinking that winning in gambling is easy. But in reality, the majority of us lose, while only a few make money. Those who do are the disciplined ones, focusing on long-term success rather than short-term gains, and they excel at managing their bankroll.

Bankroll is very important in gambling. In fact, it is the most important part of risk management. We cannot control our winnings, but we can control our losses. We can reduce their size. In gambling, you place a bet and the fate of that bet is not in your hands, but in the hands of chance. Yes, if you bet on sports, then you have access to analysis and statistics. You can study the performance of the teams you bet on. And this can increase your chances of correctly determining the outcome of the match. But fundamental uncertainty still remains and will remain no matter how good your analysis is.

This is important because we must be able to set a set amount, the goal is to limit the gambling that is done. Because in my opinion there are not a few cases that occur where players usually gamble by taking the wrong steps as if they have experienced defeat but they still allocate their money again in gambling and of course this is behavior that is actually not recommended even though we have a lot of money. Looking at the rights, it is indeed the right of each but we need to be aware that being excessive in things like this is not good.
When I first got to know gambling, I experienced something like this where before I gambled I thought that just by allocating the funds that I had determined, I would win, but in reality the defeat made me want to withdraw the money that had been lost by re-allocating the money to gambling and this invited bankruptcy to happen. At this time I am not so interested in gambling anymore, so with the money I allocated if the end result is a loss, then there is no extension of the gambling session that I do, this is actually simple but it depends on ourselves.

Maybe you can ring an alarm on my ear again to set a bankroll before gambling lol.
I know gambling should be based on risk management but setting a bankroll everytime can be more of taking a birth everything time you want to play on the field. Since not everybody that likes to keep funds on their gambling platform, their will be no need for a person that don't always have available bankroll. Bankroll is not a priority for now and taking maximum risk management is very important as a gambler to maintain inflow of fund while making profits.

Everything should really be that making up that kind of limitation on which this one should really be that in main consideration because on the moment that you do find yourself having no control towards your
gambling activity then you would really be finding yourself into such condition on which you might be losing up that big time because of too much spending. It will really be always recommended that you should set a bankroll or budget into your gambling activity and once it do lost it all or depletes then never ever tend to chase up your loses because this is where usually gamblers do really commit out mistakes on the time or moment that they will really be keeping on depositing because on having the hopes that they could be able to get their loses back on which this is something not a guaranteed thing to happen.

The votes stand for YES but i knew many of my friends not setting bankroll before playing instead they are deciding while on the game already and also most people that I knew who loves sportbetting are  usually betting in their favorites so they care nothing about the bankroll as long as they are enjoying the games they are betting.
Because you are a responsible gambler mate , and you knew what will you face if ever mishandled the gambling and this is what we have seen over the years here in
gambling section when one losses because of greediness.

We must admit that while money is not the most important we can pursue in our life, it is still incredibly important, so whenever we use it we need to keep track of it, as this is a way make sure that we use it in the most effective way possible, and those that do not keep track of the amount of money they use while gambling, by not setting a specific bankroll before they do are taking a massive risk, since they do not really know how much money they are spending and this could have a cascade effect in other ambits of their life.

IMO, it seems like every bettor has become accustomed to budgeting a fixed bankroll to make deposits. I take the example of myself, and people in my social environment. If I try to examine it, most of us have the habit of making deposits with bankroll according to our standards. Theoretically, we will set aside a certain percentage of money to bet from our income. So, it is very likely that the average gambler always makes a deposit of the same amount. although, at some moments a person can increase his money for gambling.

For me personally, this is not just a matter of bankroll management, but perhaps it has become something of a habit. Well, problems often come when we experience consecutive defeats. not infrequently, someone makes a deposit again by doubling their bankroll. If you are lucky, you can recover the money you have lost and even get a big win. If, on the other hand, you lose again for the umpteenth time, it is not uncommon for someone to lose their clear mind and quite a few end up trying to get a loan. basically the big point is not bankroll settings. but it is more about our readiness when we are going to bet, the worst case scenario is losing. and if that happens, can we afford to stop and rest especially so as not to make a re-deposit. Once the situation is under control, we can return to our favorite casino.

500 dollars is much more for me to play and nothing more or less, because I am only looking for fun in the game with the money I have decided to gamble with, at least the main focus of gambling is to relieve fatigue, not just wanting to spend money, but also looking for bullying. with only 500 dollars of playing capital because I realize that the integrity of life is more meaningful than pouring my money into gambling.

I don't care about people's chatter about my capital which according to rich people is capital with little money to play gambling, but here I emphasize that gambling is not my hobby but rather an activity to sharpen my brain in games, so with capital of 500 dollars I can double my money as much as possible. This means that whatever winnings I will achieve is far more than enough.

Budgets may vary due to needs as well as salary, but don't forget that the goal of a specific amount of money is only guiding us on how to gamble really reasonably compared to what we have. Reasonable here means being specific allows us to narrow the scope of possible loss, besides it is also careful consideration for decisions, many opportunities will make us loose but fewer opportunities and limited money expose us to more responsible and calculated choices, active gamblers always set such limits so that the game goes more smoothly

Setting the bankroll is an important thing for bettors to do, because by setting the bankroll from the start it will allow bettors to estimate how much money they need to bet and that can help a lot and avoid financial chaos. If a bettor just bets their money and doesn't want to manage their bankroll it will make them unable to set their priorities and they could end up using the money they should be using either to buy food or other things that should be their priority.
And I admit that setting a bankroll is quite important and very helpful for those who want to balance other needs and betting.

So far, I have never gambled more than the amount I expected to use to gamble because if I don't then it leads to irresponsible gambling and for that it also leads to waste of resources because you wouldn't control yourself over the amount to be used to stake bet. If a particular amount is being map and carved out for gambling it would enable to mind the way you uses money to gamble especially when the fund is exhausted you can control yourself than just gambling with any funds that gets into our hands for that day or money that is not in used by us.

If I'm earning $1m and you are earning $1k a month, 10% of your income and 10% of mine would have the same weight based on our status, lifestyle, and expenses. We shouldn't forget that the more we earn, the more we spend because we will have a different lifestyle when we are earning a lot of money, and that lifestyle would cost more money, when it comes to gambling, the budget of a gambler would depend on their affordability, and if we are going for percentages, it would have the same weight from their income.

That being said, I believe 10% of someone's income is a very large percentage and one shouldn't use that much money on gambling alone because there are a lot of expenses one would have, and if someone cannot afford to, they shouldn't gamble in the first place because not everyone can gamble that much money each month.

Always be that basing up on someone's budget on which we know that when it comes to this aspect then we would normally be having those plans and approach on how much money you would be putting or using up on the moment that you do gambling on which it would really definitely varries.This is why on the moment that someone don't have such considerations on setting up amounts or limits, then they are the ones who do lose control and losing up too much money on which this isn't something recommended.It would be always best that you do have that kind of approach and considerations. Setting limits would really be that crucial or something that needs up to do so.

If you won't be setting up limits then you are bound on spending tons of money towards gambling on which it might've possibly affect your finances or your life savings would really be at risk.If you wouldn't be the responsible towards your actions then you are just that putting up your life at risks.

It depends on what type of game a person has. If a person plays just for fun and his bet is equal in value to a bottle of beer, then he is unlikely to count money and write down bets, because the amounts are not large and this game is not so serious. If the amounts begin to increase and become impressive, then of course you need to create your own strategy and approach the game more wisely.
Personally, I will say for myself that I do not write down my bets, because for me this is only entertainment and I understand that I will not make a living from this

IMO it's only when one have a limited money on his account before he can set a specific amount to gamble with. It doesn't happen all the time, many gamblers don't do it at all because some of these gamblers are don't have the patient to keep things in other before they starts gambling. But if a gambler knows that he will not gamble rapidly that means he or she can gamble without over spending his or her money in gamble.

Indeed, every gambler is different in determining their budget for gambling. I think determining your gambling budget is of course much better. At least this is an alarm for you. If your previous capital runs out, it's best not to play again or take a break for a while, continue playing the following week when your condition If you are happy or calm (relaxed), in conditions like this of course you play freely without any burden and at least focus on each round.

Always!!!

I have a monthly bankroll and I use it as the days go by.

I confess that sometimes I spend it all in a single week and have to stop playing for a long time, but fortunately, to this day I have managed to be very disciplined about this and not spend more than I planned.

It is very important for everyone to have a bankroll management system, as it helps minimize losses, especially in those games where it is easy to quickly lose your entire balance in a few bad bets.

However, it is not just about managing losses, good bankroll management also helps maximize winnings, as with a well-defined betting strategy you can make informed decisions about when to increase bets and when to be more conservative.

Obviously, it all depends on discipline and emotional control... Because there is no point in putting together a plan if you bet impulsively and with irrational decisions.

It is very true, to spend money is so simple and so fast that is why we at the moment that we are in the almost what we should be most careful is to take care of our money, in fact 1 dollar is very valuable, because if we are missing 1 dollar to play a particular game we cannot play it, and that is why I insist, when we play and win and it is only fair to Withdraw that money then we must do it because a casino does not hesitate to take its winnings even if it is 1 cent, we should be like that , because at least I am not a millionaire, self-control I would say that it is a talent at this Point , since emotions , impulses cannot make a bad move.