Do you set a specific bankroll before gambling or not? - page 10.

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Quote from: Viscore on June 16, 2024, 08:39:09 AM

"Bankroll" is usually a term used in sports betting. From what I've read in some of the threads here, we need to be disciplined in managing our bankroll, typically betting only 5% to 10% per wager. So I'm curious: do bettors here really set up a bankroll first before they start gambling, or do they just gamble whenever they have available money?

Please share your experience whether positive or negative and what you learn from it.

I think unless you're seriously engaged and trying to aim for professional level play in something like poker, the term bankroll is rather meaningless when it comes to other forms of gambling where skill is much more fluid. If you're sports betting then, believe it or not, the bookmakers are rather effective at pricing bets well over the long run and adjusting their calculations along the way. Bank roll seems to suggest that you have a long term trend of profitability, because it is designed around natural variance that you'll find in something like poker - where you might run bad for a few sessions or even weeks but having a deep bank roll will cover that scenario. There's no point claiming to have a bank roll in casino betting where the house has a built in advantage.

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Quote from: Agbe on June 19, 2024, 06:47:40 AM

Those who have gambling bankroll or gambling budget are not many and only few and majority of them are just playing when they decided to play gamble. I myself I don have a budget or bankroll for gambling and I play whenever I have cash but the only different is that I have self-control and not addicted so once I finished the amount set for the game then I go home. And one thing I also discovered for gamblers is that, those who are working and have enough money can plan for gambling bankroll or budget and not for peasants. A peasant gambler play according to what he have.

That sounds like your style and it is good especially if you are not addicted to gambling, there can't be a fear of irresponsibility because of a lack of plan toward it. I often do this as well, but that is when I visit a physical gambling house, otherwise, I deposit my money into the gambling platform and wager it there, so I can't afford not to have a viable plan on how I will spend the money. If I don't, it could be an issue because gambling could bring out the emotion in us and before we know it, we will renege from our plans and this can be so disastrous.

It is fine if you have $2 in your pocket and just randomly decided to gamble with it and do that once in a while Whether you win or lose, life goes on, and you will not be so pained about it as this is single money that is not attached to others. But if you deposit $350 in the account and plan to wager $20 per bet, if there is no plan on the bankroll, you might not know the time that you will change it to $100 per wager or even bet the remaining money due to emotion. This is why having plans is so good, but also, discipline and determination are key in making sure that the plans are strictly adhered to.

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It is good to always set aside the amount of money for gambling so that you won't spend excess when gambling and always take tht amount to the gambling centers and no extra money should follow because you might tempted to use another money that is with you. Gambling has been on ground since the creation of the state, and people have tried all these so nothing is new in gambling. People set aside small amount of money to gamble and also take along the market money to buy things in the market when coming back from the game hall and unfortunately used all the money for in the casino website or hall and come home empty hands. As a good gambler we don't have to chase loses because it has ended many people up with empty pocket and wallets. And if any one can .ake strong decision to bankroll his gambling then it is a very good one and I encourage such gambler.

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Quote from: danherbias07 on June 20, 2024, 12:49:32 PM

Quote from: Agbe on June 19, 2024, 06:47:40 AM

Those who have gambling bankroll or gambling budget are not many and only few and majority of them are just playing when they decided to play gamble. I myself I don have a budget or bankroll for gambling and I play whenever I have cash but the only different is that I have self-control and not addicted so once I finished the amount set for the game then I go home. And one thing I also discovered for gamblers is that, those who are working and have enough money can plan for gambling bankroll or budget and not for peasants. A peasant gambler play according to what he have.

That's still a budget or a bankroll. You deposited money that you can afford to lose and then that's it if ever you lose everything.
It's not like everyone is setting the same amount over and over, there will be times that we can get lucky, withdraw the funds, and then when what's left on our wallet is depleted, we deposit again but we somehow change it to a smaller amount because we know for ourselves that we already spent a good amount from our past betting experience.

I usually just set $10 and increase it to maybe $15 in original casino games and then maybe increase it further in slots which most of the time is a wrong decision. Still, it's called financially responsible because you ain't going too far and I believe that's also setting our budget to an amount that we choose. I mean it doesn't have to be the same amount again but we are doing it to keep our gambling habit in control.

The only issue on here is on the moment that someone would really be tending to deposit even more despite of the initial deposits that they had made just because they are trying out to cahse or break even their loses.
This is where issues do really start on for most gamblers. Yes, its true that we would really be that tending to play and make out those kind of decisions on how much you would really be spending on that particular day or time on whereas you would be normally be thinking if you do have some extra funds that you could be able to deposit. Just like on what others been saying above that on the moment that you have lost it all but still ending up on making up some decisions on trying out to deposit even more then this do solidly indicates that you do have that different level of approach towards gambling activity.
You would really be able to see its important at the moment that you would be finding yourself experiencing those huge loses and not on the moment that you are just starting on playing up
and recognizing on how much you should really be gonna be spending.

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Quote from: Agbe on June 19, 2024, 06:47:40 AM

Those who have gambling bankroll or gambling budget are not many and only few and majority of them are just playing when they decided to play gamble. I myself I don have a budget or bankroll for gambling and I play whenever I have cash but the only different is that I have self-control and not addicted so once I finished the amount set for the game then I go home. And one thing I also discovered for gamblers is that, those who are working and have enough money can plan for gambling bankroll or budget and not for peasants. A peasant gambler play according to what he have.

That's still a budget or a bankroll. You deposited money that you can afford to lose and then that's it if ever you lose everything.
It's not like everyone is setting the same amount over and over, there will be times that we can get lucky, withdraw the funds, and then when what's left on our wallet is depleted, we deposit again but we somehow change it to a smaller amount because we know for ourselves that we already spent a good amount from our past betting experience.

I usually just set $10 and increase it to maybe $15 in original casino games and then maybe increase it further in slots which most of the time is a wrong decision. Still, it's called financially responsible because you ain't going too far and I believe that's also setting our budget to an amount that we choose. I mean it doesn't have to be the same amount again but we are doing it to keep our gambling habit in control.

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To me, the management of one's bankroll is one of the most important aspects one needs to keep control over one's expenses, and he bling in the majority of occasions is an expense. So it makes sense to me to keep track on ones expenses and stick to it as much as possible, so one won't see unpleasant numbers with one tries to adjust ones budget...
Tough, I also believe keeping ones register on the amounts of money gambled away in casinos or bookies could be a disadvantage, because, it could be tempting for anyone to add all the monthly expenses and come up with a very high number of money gambled away, depending on the personality of the gambler, that could lead to loss chasing or depression. That is pretty much what the dubget control tried to prevent from happening, ironically.

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Quote from: Viscore on June 16, 2024, 08:39:09 AM

"Bankroll" is usually a term used in sports betting. From what I've read in some of the threads here, we need to be disciplined in managing our bankroll, typically betting only 5% to 10% per wager. So I'm curious: do bettors here really set up a bankroll first before they start gambling, or do they just gamble whenever they have available money?

Please share your experience whether positive or negative and what you learn from it.

When someone is addicted to gambling, it is not because of budget knowledge. Everyone gambles until they run out of money so everyone should keep a gambling budget and fix their bankroll before gambling. Then you don't have to face major losses. As gambling gives us both profit and entertainment, it also harms us financially. I bet no more than $50 on a single bet and a minimum of $1. which doesn't excite me too much and doesn't do much damage either.

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Quote from: carlfebz2 on June 19, 2024, 03:22:11 PM

Quote from: Jody.Drummer on June 19, 2024, 10:02:11 AM

Yes there is no preparation whatsoever that leads to limitations regarding the budget before gambling, the majority of them only have the intention of playing and depositing the amount of money they want which sometimes there is always the idea of trying to allocate a larger amount than usual with the mindset of "maybe with a large amount I can be lucky," meaning anything a gambler can think about, especially those who only see gambling in terms of the chance of winning.

On the other hand, whether you want to implement restrictions on the amount of budget for gambling or not is actually up to you, because the point is that as long as you can manage and control yourself in gambling activities then of course you will be able to avoid bad impacts such as losing money. in large quantities. This means that it is useless if from the start you set the budget you want to allocate but it turns out that you do not have the ability to control yourself, especially when you experience a loss, then in the end you will still end up depositing money again to gamble and chase losses. This is in accordance with your approach to gambling, and the point is that as long as you can control it well according to your abilities then of course you will avoid bad possibilities.

But still it would really be that impossible that you wont really be thinking on how much money you do have on that particular point on the moment that you would really be thinking up on playing gambling but still
you are really that thinking on putting up on the amount on which you do have extra. Issues would really be that raised up on the moment that you would become that impulsive on which you are really that already spending on which into those amounts which is more than with your budget or simply those amounts which are intended for other important use. This is the issue for most people on this moment or on this case that they will really be that trying out to chase up those loses and this is why their main behavior is really that to play even more despite of such conditions. Bankroll management to prolong up the game is something
significant and having that good financial management or handling will really be the key if you dont really like to find yourself to put up into those unfortunate conditions.

As for the amount, yes, a gambler will definitely put a certain amount that he/she will bet but as for the limit on whether he/she will return to gambling when the session is lost it is something that cannot be known for sure, because often this is what happens where when a gambler loses the session then usually they will continue gambling because of the impetus of emotions and there is no limit applied in terms of how much budget should be bet at that time regardless of the results at the end of the session.

On the other hand I understand that even if someone for example applies bankroll management in their approach to gambling it is not always guaranteed that they will stick to the plan especially when emotions dominate, but of course having a plan that leads to prevention such as the bankroll management we are discussing is much better than nothing, because after all hopefully the existence of bankroll management can at least make it easier for them to reach the realization in themselves that continuing to gamble with the intention of chasing losses is too dangerous an idea.

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Quote from: btc_angela on June 19, 2024, 03:31:00 PM

But it is also good to hear that some players have a budget or just a bankroll, that when they losses they will quit and no longer will deposit anymore money. So it's just a careful planner, to not get addicted and lose money more than we can afford.

I raise my hand and I am with them.

We have to control ourselves and set budget when we gamble because that's how it should be. When we do it randomly, there's a chance that we might gamble more than what it is designated with our budget.

That's why it's good to follow a plan and a bankroll and whenever we lose that entirely, we have to stop and stick to the budget because it's no good if we violate our own plans and rules.

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Quote from: Viscore on June 16, 2024, 08:39:09 AM

"Bankroll" is usually a term used in sports betting. From what I've read in some of the threads here, we need to be disciplined in managing our bankroll, typically betting only 5% to 10% per wager. So I'm curious: do bettors here really set up a bankroll first before they start gambling, or do they just gamble whenever they have available money?

Please share your experience whether positive or negative and what you learn from it.

Bankroll is a general gambling term and not only peculiar to sport betting alone because as far as we know, whenever we set a limit to how much we gamble with and mentained that limit, that is our bankroll and the ability to operate within that bankroll matters alot and at that we have to always work out ways that will enhance our total adherence to our bankroll percentage.

The inability to followup with your bankroll percentage may result into alot of things that we may not really be able to freely bear with, and at such we have to set the limit of bankroll that we can bear with at all time.

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Quote from: Agbe on June 19, 2024, 06:47:40 AM

Those who have gambling bankroll or gambling budget are not many and only few and majority of them are just playing when they decided to play gamble. I myself I don have a budget or bankroll for gambling and I play whenever I have cash but the only different is that I have self-control and not addicted so once I finished the amount set for the game then I go home. And one thing I also discovered for gamblers is that, those who are working and have enough money can plan for gambling bankroll or budget and not for peasants. A peasant gambler play according to what he have.

Yeah, just spur of the moments, and then we just go and play without thinking how much money we are going to spend that gambling session. And it's a good thing that we have self-control, and so even without budget, we will just stop when we are not winning and just think that it's not our lucky day.

But it is also good to hear that some players have a budget or just a bankroll, that when they losses they will quit and no longer will deposit anymore money. So it's just a careful planner, to not get addicted and lose money more than we can afford.

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Quote from: Jody.Drummer on June 19, 2024, 10:02:11 AM

Quote from: Agbe on June 19, 2024, 06:47:40 AM

Those who have gambling bankroll or gambling budget are not many and only few and majority of them are just playing when they decided to play gamble. I myself I don have a budget or bankroll for gambling and I play whenever I have cash but the only different is that I have self-control and not addicted so once I finished the amount set for the game then I go home. And one thing I also discovered for gamblers is that, those who are working and have enough money can plan for gambling bankroll or budget and not for peasants. A peasant gambler play according to what he have.

Yes there is no preparation whatsoever that leads to limitations regarding the budget before gambling, the majority of them only have the intention of playing and depositing the amount of money they want which sometimes there is always the idea of trying to allocate a larger amount than usual with the mindset of "maybe with a large amount I can be lucky," meaning anything a gambler can think about, especially those who only see gambling in terms of the chance of winning.

On the other hand, whether you want to implement restrictions on the amount of budget for gambling or not is actually up to you, because the point is that as long as you can manage and control yourself in gambling activities then of course you will be able to avoid bad impacts such as losing money. in large quantities. This means that it is useless if from the start you set the budget you want to allocate but it turns out that you do not have the ability to control yourself, especially when you experience a loss, then in the end you will still end up depositing money again to gamble and chase losses. This is in accordance with your approach to gambling, and the point is that as long as you can control it well according to your abilities then of course you will avoid bad possibilities.

But still it would really be that impossible that you wont really be thinking on how much money you do have on that particular point on the moment that you would really be thinking up on playing gambling but still
you are really that thinking on putting up on the amount on which you do have extra. Issues would really be that raised up on the moment that you would become that impulsive on which you are really that already spending on which into those amounts which is more than with your budget or simply those amounts which are intended for other important use. This is the issue for most people on this moment or on this case that they will really be that trying out to chase up those loses and this is why their main behavior is really that to play even more despite of such conditions. Bankroll management to prolong up the game is something
significant and having that good financial management or handling will really be the key if you dont really like to find yourself to put up into those unfortunate conditions.

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Quote from: summonerrk on June 18, 2024, 11:23:58 PM

Quote from: carlfebz2 on June 18, 2024, 11:17:31 PM

Setting up limits would really be the key on which this is something that you would really be needing for you not to be able to get easily get addicted with gambling. On the moment that you do find
yourself having no control then this is where people do usually mess up on the moment that they will really be having no control with their emotions because on the moment that you would
be chasing up your loses then this is where you would really be having that huge possibility that you would be getting addicted and we do know on where this would really be ending up.

One of the main reasons on why gambling companies or platforms or businesses are really that profitable due to people greed and impulsive emotions because on the moment that they will really be
that tolerating those emotions then this is where they would really be committing out those huge mistakes on doing gambling and ending up on having that miserable life.
It would really be just that normal that you would really be making up those budgeting or allocating some gambling funds that you could make use into.

That's exactly my friend! You have chosen a very key expression of Impulse Solutions.
This is what distinguishes a player with a set limit on spending money in a casino from a player who can play until he loses all his savings. Let's assume that a player with a set limit has lost the entire deposit - he will accept this and stop playing at the casino.
He will say:
"When there was not much money left from my deposit, I realized that today was not my day. Well, OK."
But a player who has not limited himself in money will make an Impulsive Decision to play on. He will make allowances for himself, which will be disastrous. After all, if he allows himself to lose an extra dollar, he will lose an extra thousand.

This means that players who are able to obey the rules that they have previously made which lead to preventative action by withdrawing at the right time are those gamblers who have a correct understanding of how gambling actually works in the sense that they understand that gambling provides opportunities to win but they also understand that what is called opportunity is something that is uncertain, and they also realize that the risk of losing will always be a part of gambling where they can lose at any time if luck doesn't come. Meanwhile, some other gamblers always follow and support their curiosity with the idea of "one more time", and they will continue to do this action until all their money is gone, which is a situation that will make them even more emotional and regretful, and usually it is also a situation that makes a person Gamblers are increasingly impulsive and aggressive in making decisions.

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Quote from: Agbe on June 19, 2024, 06:47:40 AM

Those who have gambling bankroll or gambling budget are not many and only few and majority of them are just playing when they decided to play gamble. I myself I don have a budget or bankroll for gambling and I play whenever I have cash but the only different is that I have self-control and not addicted so once I finished the amount set for the game then I go home. And one thing I also discovered for gamblers is that, those who are working and have enough money can plan for gambling bankroll or budget and not for peasants. A peasant gambler play according to what he have.

Yes there is no preparation whatsoever that leads to limitations regarding the budget before gambling, the majority of them only have the intention of playing and depositing the amount of money they want which sometimes there is always the idea of trying to allocate a larger amount than usual with the mindset of "maybe with a large amount I can be lucky," meaning anything a gambler can think about, especially those who only see gambling in terms of the chance of winning.

On the other hand, whether you want to implement restrictions on the amount of budget for gambling or not is actually up to you, because the point is that as long as you can manage and control yourself in gambling activities then of course you will be able to avoid bad impacts such as losing money. in large quantities. This means that it is useless if from the start you set the budget you want to allocate but it turns out that you do not have the ability to control yourself, especially when you experience a loss, then in the end you will still end up depositing money again to gamble and chase losses. This is in accordance with your approach to gambling, and the point is that as long as you can control it well according to your abilities then of course you will avoid bad possibilities.

Agbe

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Those who have gambling bankroll or gambling budget are not many and only few and majority of them are just playing when they decided to play gamble. I myself I don have a budget or bankroll for gambling and I play whenever I have cash but the only different is that I have self-control and not addicted so once I finished the amount set for the game then I go home. And one thing I also discovered for gamblers is that, those who are working and have enough money can plan for gambling bankroll or budget and not for peasants. A peasant gambler play according to what he have.

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Bankroll is important because it manages your finances so that you don't spend so much when the bankroll is set, so I set all this before gambling but I won't more than 15% of my total income on the forum.

I still try not to use the money from the monthly to gamble because it is for other needs so I consider that I will not bet anytime if I have money, it is better to find other funding streams called other sources of income because these are few to use in sports betting gambling.

The positive side is that by setting a bankroll, you don't gamble all the time when the bankroll runs out, but when you gamble all the time, any money will be used for gambling, so for me this is a negative impact.

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Quote from: summonerrk on June 18, 2024, 11:23:58 PM

That's exactly my friend! You have chosen a very key expression of Impulse Solutions.
This is what distinguishes a player with a set limit on spending money in a casino from a player who can play until he loses all his savings. Let's assume that a player with a set limit has lost the entire deposit - he will accept this and stop playing at the casino.
He will say:
"When there was not much money left from my deposit, I realized that today was not my day. Well, OK."
But a player who has not limited himself in money will make an Impulsive Decision to play on. He will make allowances for himself, which will be disastrous. After all, if he allows himself to lose an extra dollar, he will lose an extra thousand.

this is very true and this can be seen amongst the responsible gamblers as they are mostly trying to gamble probably for the fun of it and if they are intending to make money of it, they make sure not to allow their desperation cloud their mind so much that they are unable to control how well they are able to gamble but for the others who just gambler with desperation and wants to make a huge tone of funds off gambling all at once at a time may probably end up loosing so much to the casino as they aren't controlling and regulating their habit at once, for them they think they can always get lucky and sometimes they do but should understand that most times you don't really get to make money off the casino out of your desperation as it may turn out even harmful to the gambler and the gamblers wallet. The loss of an extra dollar of a series of loss is the main thing that leads to the loss of many several others but most of the others fail to understand this until they eventually fall victims to all of such happening to them.

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Quote from: Viscore on June 16, 2024, 08:39:09 AM

"Bankroll" is usually a term used in sports betting. From what I've read in some of the threads here, we need to be disciplined in managing our bankroll, typically betting only 5% to 10% per wager. So I'm curious: do bettors here really set up a bankroll first before they start gambling, or do they just gamble whenever they have available money?

Please share your experience whether positive or negative and what you learn from it.

I've never prepared anything like this because looking at what I'm doing now, I'm actually just gambling with the situation I really want when I gamble, of course with money that's a spare part of what I get every week, even though it's not too much, but gambling happens, especially For sportsbet, I'm actually not too worried about big losses because sometimes my budget in one week doesn't run out so I will continue to gamble again and again without having to make a re-deposit so I don't feel burdened with anything when gambling.

But on the other hand, money management is good and it must be done, but for small gambling like what I do now, I actually only gamble with what I want and what I want to spend financially because I gamble when I want to gamble.

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Quote from: sompitonov on June 18, 2024, 04:28:05 AM

I personally understood what a bankroll is and how to manage it a long time ago when I started my journey in poker. In those ancient times, I studied a lot of theory and spent a lot of time studying the bankroll. The fact is that poker players have strict rules for increasing their bankroll, and it depends on the skill of the game and the limits, you've probably heard about it. In general, when we just start playing and we have a weak level and the player gradually increases it, he increases his bankroll and can move to other, more professional levels of the game, where the players are also stronger. Accordingly, the influence of dispersion increases and we need a large bankroll to rise even higher, if our level of poker play allows it.

I want to say that you need to have a very strong discipline in this, and I was able to stick to these rules for about six months, but then I started playing without following these rules and ended up losing my entire bankroll. I think those who know how to follow such rules in poker and are professionals, this is very difficult to do, I checked it on myself.

I believes some gamblers have strict rules for increasing their bankroll but not many of them can do that because they must have discipline to their rules. That's what we must do when we playing gambling so we don't have to worry about lose our money in gambling. Setting a bankroll before gambling helps us to playing gambling with limit so we can also manage our lose not to becomes bigger. If they have skills in some certain gambling games, they can increase their bankroll but that doesn't mean they can succeeded easily because in gambling, we will not wins easy but we can lose much money if we don't have limitation.

Having a strong discipline is a must so we can take care of ourselves and not using too much money for playing gambling. We must remember that we can lose that discipline when we becomes greedy and once that's happens, we will not be able to manage our money instead just follow our greedy. It's not easy to manage our bankroll but that will worth to do, especially if they still a beginners in gambling.

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Quote from: carlfebz2 on June 18, 2024, 11:17:31 PM

Quote from: summonerrk on June 18, 2024, 11:13:37 PM

We definitely need to set ourselves a limit on what we can spend on gambling. After all, this affects not only the conscious perception of the game, but also the unconscious thinking. And then the style of play changes, and the gambler behaves much more carefully in the casino or betting. And at the same time, there is an amazing property: the player begins to receive more emotions.
This is because the gambler expects to receive a certain amount of emotions for a certain amount of his deposit. And if such a limit is not set, then the gambler's feelings are mixed. Part of his mind understands that he can play for a long time, losing all the money. And it shouldn't be like that.

Setting up limits would really be the key on which this is something that you would really be needing for you not to be able to get easily get addicted with gambling. On the moment that you do find
yourself having no control then this is where people do usually mess up on the moment that they will really be having no control with their emotions because on the moment that you would
be chasing up your loses then this is where you would really be having that huge possibility that you would be getting addicted and we do know on where this would really be ending up.

One of the main reasons on why gambling companies or platforms or businesses are really that profitable due to people greed and impulsive emotions because on the moment that they will really be
that tolerating those emotions then this is where they would really be committing out those huge mistakes on doing gambling and ending up on having that miserable life.
It would really be just that normal that you would really be making up those budgeting or allocating some gambling funds that you could make use into.

That's exactly my friend! You have chosen a very key expression of Impulse Solutions.
This is what distinguishes a player with a set limit on spending money in a casino from a player who can play until he loses all his savings. Let's assume that a player with a set limit has lost the entire deposit - he will accept this and stop playing at the casino.
He will say:
"When there was not much money left from my deposit, I realized that today was not my day. Well, OK."
But a player who has not limited himself in money will make an Impulsive Decision to play on. He will make allowances for himself, which will be disastrous. After all, if he allows himself to lose an extra dollar, he will lose an extra thousand.

Topic: Do you set a specific bankroll before gambling or not? - page 10. (Read 2538 times)