Do you set a specific bankroll before gambling or not? - page 13.

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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.

Absolutely. For me it's the only way I gamble. Set the amount I'm buying in with and setting my taking out amount. Both are important if you intend of coming out with profit. It helps with limiting your downside risk of losing all your money. If you don't you have to make a decision everytime you are left with no money. Add more or walk away. So easy to Chase loses.

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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 voted for no, I usually don't go and look for the numbers, in my opinion. I just play and control myself when I played, although it's really hard to do, specially after a couple of minutes that you are so unlucky, that the initial money you played have been swept away, you will also think that you want to deposit again and go and recoup what you have lost.

But I will said to myself that enough is enough and I will no longer play that time even if I have money still. But for those who set like 5% or 10% and have a budget, then good for you, I just don't what to make my gambling complicated.

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Quote from: Sandra_hakeem on June 16, 2024, 04:56:39 PM

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.

It's not something that's adopted by everyone, but it's better that your habit is under control, which will make you not extravagant when wagering -- it's called discipline!

You run into trouble so many times as a gambler because you tend not to understand that no matter how real it may look, it's not real until the "reality" in it is made to clearer than just seeing a couple few bucks on your tickets. In that case, it's more profitable to wager on plenty of low bets, than a single bet with high stakes... Remember, always wager with what you can lose!

If you want to keep your gambling at bay, better set your limits even before you enter a casino or access your online gambling account. It can really help you in cutting your losses or not being too deep in gambling. You will surely thank yourself for not spending too much as it can easily ruin your budget if you don't know how to stop your game.

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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.

It's not something that's adopted by everyone, but it's better that your habit is under control, which will make you not extravagant when wagering -- it's called discipline!

You run into trouble so many times as a gambler because you tend not to understand that no matter how real it may look, it's not real until the "reality" in it is made to clearer than just seeing a couple few bucks on your tickets. In that case, it's more profitable to wager on plenty of low bets, than a single bet with high stakes... Remember, always wager with what you can lose! "I've seen several bets with high stakes fucking up in dying minutes to the end"

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Quote from: Orpichukwu on June 16, 2024, 04:35:20 PM

It's only sometimes that I set up my own bankroll, even before going ahead to fund my betting account. In most cases, all I do is set up this particular amount because I want to use it all for gambling today, and I fund my account with it.

How I wager it on each of my bets is no longer calculated; sometimes it's all based on how my spirit leads and the type of game I chose to bet on that very day. I can place bets on some games with a higher amount and some with a lower amount until I'm done with the thing.

Majority of us would really be having that kind of approach on which at the moment that we will really be that tending to make some deposit into a gambling site then it would really be just that
normal that you will be thinking on how much you would be putting up on a gambling account. Neither you do have the extra that you can put on or would really be just that tending
to have that kind of consideration when it comes to funds that being deposit. It is really just that depending whether you do add or not.

People who do usually get messed up their lives at the moment that they will really be having that kind of impulsive approach on the moment that they would be losing all of their
initial deposits on which on the moment that you would be finding yourself having chasing up loses until you would be losing more.

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In my opinion, we should all have a maximum limit of money that we are willing to use in gambling, but this maximum limit that we are willing to use in gambling should be set after we have made calculations of how much money we need to pay for all our bills, and when we pay all our bills and actually confirm that the calculations are correct, after we also look at how many things we want to do for fun and how much money we will have to spend on each thing, and when we can take the money out for gambling and which will be the maximum we can spend on gambling, I believe that good money planning is necessary for people who only depend on their salary at the end of the month and it is the best option so that they do not gamble with money that they cannot afford. afford to lose, in my case for example I have set a maximum limit of money per month that I can use to play

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Quote from: stomachgrowls on June 16, 2024, 04:21:20 PM

Setting limits would really be always the key for you to make yourself that being safe from such addiction and too much spending money in gambling.

And that bankroll should be the limit. Speaking of bankroll, we have to ensure that we are putting in a decent amount. If it's just a small bankroll intended for one session, we might end up refilling it every time we lose. That's not good because we might get tempted to gamble beyond our limits.

Our bankroll should be something we really value. When it's a significant amount of money, we won't gamble without making an effort. We will make sure that every time we hit that "bet" button, we have full confidence in our pick. Additionally, with good bankroll management, we will make bets based on quality, not quantity.

Quote

This might sound simple but this one is really that mainly needed.

Maybe it sounds easy but hard to do sometimes.

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It's only sometimes that I set up my own bankroll, even before going ahead to fund my betting account. In most cases, all I do is set up this particular amount because I want to use it all for gambling today, and I fund my account with it.

How I wager it on each of my bets is no longer calculated; sometimes it's all based on how my spirit leads and the type of game I chose to bet on that very day. I can place bets on some games with a higher amount and some with a lower amount until I'm done with the thing.

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

"Bankroll" is usually a term used in sports betting.

It's actually for your gambling fund whether it's with sports betting or casino games.

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

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.

With what I've seen the most, it's 5%-10% of the salary that shall be taken out as good as the bankroll. But from that, I guess 5%-10% per wager is going to be fine as well if the amount is going to be taken from that actual bankroll from your salary. Whichever works to you with this kind of allocation, stick to that. If you're not a severe addicted gambler and you still see these percentages and you're able to manage your bankroll properly, that's the best that you can do for yourself and as a favor as many gamblers talk about that but can't follow their own allocation.

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

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.

It's best to setup yours. Because you'll never know what's coming on your way, if you're a gambler that don't setup bankroll and you have gambled all of your money and an unexpected event comes to you that you need money, how are you going to react with that? you'll take a loan for which will get into you with another problem again.

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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.

Of course, on which at the moment that i would really be tending to gamble or make up some bets then pretty sure that i would really be allocating a certain amount for such sessions.
I wont really be tending on having that open amount or something that will really be depending or according into my feeling or emotions before i do make stop. Having those kind of limits will really be that
making you do able to stop specially on the moment that you would really be losing rather than on having that no limits on how much you would spend then it would really be ending up on a disaster.
People who dont care about on the money that they do have on that point are to those usually who are rich or they are confident that they do have funds to play on but in the end whether youre
rich or average gambler it would really be that ending up on the same results if you arent that careful on this case.

Setting limits would really be always the key for you to make yourself that being safe from such addiction and too much spending money in gambling.
This might sound simple but this one is really that mainly needed.

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Quote from: bittraffic on June 16, 2024, 08:49:13 AM

Having a specific amount to roll is like getting ready to lose that amount. You won't even regret it if that amount is lost in just an hour. So it's fine to have that limit unless you tend to suddenly deposit once again which means you are going to chase that loss.

This measures how discipline we are in gambling. A bankroll should be intended for a certain period or a session, if we lose it, then that's it, no more deposit as we will only experience another loss which might only bother us more, we won't have a peace of mind.

Quote from: bittraffic on June 16, 2024, 08:49:13 AM

But in the back of your mind, the possibility of winning the amount back is still possible. Would you wait for the next month to take it back or just deposit another amount, this would be playing in mind over and over. Grin

I guess we are the same, but like I said, if we have discipline, we should be able to control ourselves and continue to play based on the game plan that we made before we completed that bankroll we set for long term gambling.

Update for the vote , 68.8% voted yes. That's good to know.

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I do sometimes gamble without getting to my actual budget, sometimes under and sometimes more than my actual budget.

It happens rarely do and at most times is what I do is to set an actual budget for it because that's what's been working to me. And I follow the rule about gambling what I can afford to lose.

So, if any regret comes or a losing streak strucks me. I'll have no issue with that as I only gambled with the amount that I can afford to lose whether it's more than sometimes my budget. So, more of emotional acceptance when that bad moment of losing streak comes.

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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 don't know about other gamblers but for me personally, I set up a bankroll first before I engage in gambling, and this is due to how delicate and addictive some games can be, whereas when you are playing, you will or may not want to stop until you have Completely exhausted your bankroll, setting up a bankroll that is specifically reserve for gambling ensures safety of your other funds when playing such types of games.

For example, there was a week when after getting paid for the week for my ad signature, and since we are usually paid directly into our stake account, I decide to play some games with part of the money, but I ended up spending the entire amount I made for the week; on games and ended up losing everything after a few minor wins.

So, setting up a gambling budget helps to ensure that you are not left totally broke after gambling and maybe losing your funds.

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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.

Well if am to be honest that I believe from my end of gambling, I usually don't set any bankroll whatsoever for me it's all about the moment and whenever the available funds that am willing to spare is set then I dive into gambling it because for me that have learnt the hard lesson about gambling, I wouldn't want to place myself in a situation that would bring back my past experience.

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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.

Do you you mean to monitor forum users gambling bankroll or you want to get the best gambling bankroll from users experience I just wonder what your curiosity is about. Lol.

Okay let us keep it going, we consider gambling budgets based on our bankrolls and our incomes to draft responsible gambling so it it does not after our financial personality.

I do not think if there is a specific % of income that should be stipulated for gambling. That is basically depended on individuals. Some persons can decide to budget 1-4 % while others could be 5% and above so the lyrics is that.... Gambling responsibly so that it does not affect your bankroll.

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Quote from: Su-asa on June 16, 2024, 02:04:37 PM

Quote from: Sim_card on June 16, 2024, 01:57:23 PM

I have not a regular gambler because I am always busy at work, so whenever I want to gamble during my free time, I just gamble with an amount that I feel is cool with me to use in entertaining myself at that moment. However, if it is when I am less busy that might make me want to gamble more, I will make a certain amount of funds available for my gambling, so that I don't get carried away while gambling. Financial management is very important in what you love doing daily or weekly.

A gambler who doesn't have a decent amount of budget for his gamble activities end up losing what he won't be able to feel comfortable with. Gamble can be a thing if fun when you are gambling responsible and when we mean responsible we mean a reasonable amount that won't affect you when you even when you lose it. Some gamblers feels bad when they lose money on bet because they don't have a decent amount that they feel comfortable with when they want to gamble.

For the budget problem actually depends on what and how exactly their goal comes to gambling, if for example their goal is just to seek entertainment then I think the amount of 1 - 5% of the budget is sufficient for their gambling activities, and if they always feel insufficient and always make deposits continuously it means that their goal of gambling is not to seek entertainment but to seek income which when losing usually that's what will happen in the sense that they will continue to deposit in the hope of returning something that has been lost or applying greed to get a bigger amount. On the other hand yes as you said gambling can be fun provided that we can treat our gambling activities according to our capabilities especially in terms of budget allocation and not risking amounts that we cannot account for. Regardless, in the end, gambling responsibly by not taking actions beyond your means is the best approach.

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Reflecting on my previous experience, where I once ran out of money just to place bets and play gambling. Because I don't want this to happen a second time, and on the other hand, I haven't been able to stop the habit of gambling and placing bets. Now I always try to be a responsible gambler, who always sets limits before playing. For the first time I found it quite difficult to be able to respect every decision made and adhere to the limits I had set for myself, because the temptation to continue gambling and placing bets was always there. However, as time goes by, and also reflecting on other people's experiences, many people have had their lives ruined just because of their stupid behavior in gambling. This makes my determination stronger on how to control myself and my gambling activities well, because if I don't evaluate and improve myself as soon as possible, maybe I will have the same fate as them.

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Not only in sports betting but I also heard the term being used in casino games. Managing and Disciplined are two different words but can come together. You can't manage something if you don't have a discipline. 5% seems a bit high for me but I usually bet 5% of my bankroll. This can still increase or decrease if I have the urge to increase my bankroll.

I also always plan ahead if how much bankroll I will use because I'm trying to make a profit too, especially if I'm lucky and I think I can increase my chance if I strategize really well. For those who are only doing it for fun, pretty sure they will just throw away whatever amount they have left from their salary for example and then their betting size can fluctuate from time to time.

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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?

For me I dont just gamble when there is an available money. When I receive payment I will set aside the important money I needed to use for family consumption and my bitcoin accumulation, before keeping the little amount left for gambling. And not all the time I keep such money afterall the gambling site always warns people to gamble replsponsibly.

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

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

Like I said earlier I gamble what I can afford to lose. I don't gamble often, I gamble sometimes and also don't gamble sometimes, otherwise it may Leed me to addiction and causing a negative impression.

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Quote from: darkangel11 on June 16, 2024, 01:35:54 PM

Yes, I do that. I usually send the money to gamble right on the day when I want to do it. If I have $50 to spend I will send that to my gambling account. If I win, I'll withdraw on the same day, if not, I will wait for the next time I want to play before depositing anymore. That's one of the rules I follow to the letter. Sometimes I feel the urge to send more money, but I always manage to resist it.
Once you start sending more than you want to spend just in case, you'll end up betting it all with no control over the bankroll, so it's much better to have limits established before you even start to gamble.

I don’t know about others but in the case of redepositing after I’ve used all my balance I’m able to control that one - most times I don’t even feel the need to go on with gambling, the thrills and vibes and I had initially dies off as soon as my first deposit gets exhausted. The only thing I know I still struggle to resist is the urge to not continue gambling when I still have a balance in my account or when I win and refused to make withdrawal - there’s always a high chance that I will go back to my account and use everything again till it gets to zero or if I’m lucky I’ll win more.

Topic: Do you set a specific bankroll before gambling or not? - page 13. (Read 2529 times)