Topic: Do you set a specific bankroll before gambling or not? - page 14. (Read 2527 times)
I have been on both of the sides and I can tell you for free that setting up a bank roll before gambling is a life saver. The benefits is true numerous to mention. As soon as I started it, my decision making process when it comes to betting improved because it meant the I have to think critically and do my homework before making any decision to place a bet particularly in Sports betting. Secondly it has reduced the unpleasant emotions that accompanied the loss that comes with gambling which is inevitable. I find solace knowing that I stay within my financial limits and no urges to chase the loss.
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. 
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.
Please share your experience whether positive or negative and what you learn from it.
Bankrolling is essential to avoid over-gambling or gambling addiction. I don't really set up a bankroll every time because I have a plan that guides me and I strictly follow it. 5% is ideal for me because it suits my budget and won't affect my finances negatively. Nevertheless, it is advisable to set it up always to avoid loss chasing. I don’t worry about a bankroll. I’m not trying to build wealth through gambling. I typically just toss out a bet with money that I can afford to lose so it really doesn’t matter what happens. I get to be entertained either way. I think that’s like the first rule of gambling. Don’t bet more than you can afford to lose.
I think you are very correct but some people keep so much funds in the casino and need to set limits. The ideal gambling behavior is to put in the sum you can afford to lose because gambling shouldn't be seen as a source of income. 
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.
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.
well, I have a general bankroll: it means that I can't loss more than this amount. it's valid for each year and it's always evaluated.
likewise there is always a budget for this expense but ti change basically on other activities not gambling related.
Most of the times I have a specific limit/amount for a single event. But this not means I can even bet more (of course according main bankroll).
certain kind of games have 0 budget... or literally few cents of USD per year... (mostly casino/lucky based games)
likewise there is always a budget for this expense but ti change basically on other activities not gambling related.
Most of the times I have a specific limit/amount for a single event. But this not means I can even bet more (of course according main bankroll).
certain kind of games have 0 budget... or literally few cents of USD per year... (mostly casino/lucky based games)
Well I do set an amount I would be engaging in gambling. I am fully aware that losing is most likely to happen which is why I always tend to manage the amount I might lose in a single sitting. One thing that highly affects a gambler with his bankroll decision, is emotion. Greed, frustration, and regrets would push you to bet more than what you can afford losing. Not setting an amount will make you mismanage your gambling patterns. You won't be aware of how much you are losing and winning. But this is not a requirement however you will be needing huge discipline of not crossing your boundaries or risk appetite. Some are subconsciously aware which makes them still good regardless of not fully tracking the amount they are spending on gambling platforms.
Certainly! there is a set budget for various gambling games for the quarter, which is approximately 5% of the monthly salary and which I can freely play. If there is a profit from the games,then I can continue to play for that amount without reporting my money to the main bank allocated for the quarter.
This scheme allows you to stay within the planned budget.
This scheme allows you to stay within the planned budget.
I don’t worry about a bankroll. I’m not trying to build wealth through gambling. I typically just toss out a bet with money that I can afford to lose so it really doesn’t matter what happens. I get to be entertained either way. I think that’s like the first rule of gambling. Don’t bet more than you can afford to lose.
"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.
At least to me setting a bankroll and how much you are going to wager on each bet is not really optional, and this is because if you do not do it and you do not keep a strict control over those amounts, it will not be long until you let your emotions to take control, and when in that state it is easy to make bets that are too high and lose too much money, and since that is not a desirable option, then we have no alternative other than to keep a tight control over our bankroll. Please share your experience whether positive or negative and what you learn from it.
Please share your experience whether positive or negative and what you learn from it.
I do have a gamble budget which I always cut out from my income when I get paid at the end of the month. I only use 3% and sometimes 5%. This has helped me to gamble responsible and also to have self control over my gambling activities, because whenever I exhaust the money I don't gamble until it is refilled at the right time. I also have a time limit for my gambling activities so that I don't get carried away with the fun incase I am winning. The moment the time elapses, I stop gambling no matter if I am winning or losing. It is a good practice which is working for me to reduce my losses.
"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 set up a bankroll on my bet account, I only gamble whenever I have money and series of games I've outlined to play for that week, hence there is no money available with me I don't bother myself. If you bankroll or there is an available balance always in your account, it will always pushes you bet, even games that ordinarily don't have favourable odds, and for me, that is not a healthy gambling lifestyle. One issue that comes with bankroll is the discipline involved to not go above your limit, however upon predicting series of games, you might find out the percentage you always use is not enough to push up the odds for you to win big, then you see yourself adjusting your own limit as against your initial plan. but then every gambler has his own pattern but bankrolling is not my thing. Please share your experience whether positive or negative and what you learn from it.
If I try to look at it in general, the answer is subjective to each individual and it all depends on what a person's habits are with gambling. for example, there are those who do not apply the fixed concept at all when conducting gambling sessions. On the other hand, quite a few also have the habit of preparing a bankroll that they will deposit before carrying out a betting session, especially for those who are not tied to just one casino. However, if I observe in the community, it seems that most have set a bankroll that they will deposit when they want to have a betting session.
For me personally, the answer is as I said at the beginning. It's all subjective, depending on when I'm going to have a betting session. especially if we talk about sports betting, where sometimes we will budget certain funds when there are important, crucial matches or certain events. so in principle, it all depends on what the situation is especially if we talk about sports. However, usually we will budget a fixed bankroll for each betting session on normal days. Sometimes in sports betting it is unique, where we will budget for several crucial bets which are usually only on certain events. Well, that's more or less a small overview of my gambling session activities.
For me personally, the answer is as I said at the beginning. It's all subjective, depending on when I'm going to have a betting session. especially if we talk about sports betting, where sometimes we will budget certain funds when there are important, crucial matches or certain events. so in principle, it all depends on what the situation is especially if we talk about sports. However, usually we will budget a fixed bankroll for each betting session on normal days. Sometimes in sports betting it is unique, where we will budget for several crucial bets which are usually only on certain events. Well, that's more or less a small overview of my gambling session activities.
"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.
Please share your experience whether positive or negative and what you learn from it.
I don't play sport betting anymore and I believe I am not doing the right thing.I do plan the bankroll and keep playing it in the slot games but unfortunately when you play slot machines there is this big problem that even when you win big the greed instilled deep in our DNA as humans makes me continue I lose it all the money.I am going for the big hit but going for the big hit can totally destroy you yet I love going for it as when I will finally hit that with a big bet my life can be changing over,of course I am dreaming to hit that x300.000 max win in the games that offer it,like that song says maybe I am a dreamer but I am not the only one.
So yes even when you set a bankroll if you can't control your emotions it is worthless,you are going to lose the money anyway.
"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.
It's funny you mention bankroll management, because it's a concept that applies to life in general. Time, energy, and money are limited resources that everyone of us has, and how we divide them up influences how we turn out. In gambling, your bankroll is your lifeblood. You're out of the game without thatPlease share your experience whether positive or negative and what you learn from it.
A bankroll is a reflection of self-awareness and respect for the game as much as discipline. It's like knowing your limits in a fight. You wouldn't jump into a fight training and a game plan, right? Gambling is no different. Your best bets for survival and longevity in this game are to know your money and stick to a percentage per wager
"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 am not really a sports bettor but setting aside a specific amount for your gambling habits is a great way to manage your money and how much you gamble, it also reminds you that you have to stop when you have lost the bankroll you have saved. if you ask me, setting a specific bankroll for your gambling habits should be spread and followed by a lot of gamblers. it is also a great way to follow the rules you have placed on yourself when gambling. Please share your experience whether positive or negative and what you learn from it.
In the past, I personally don't set any with my gambling budget I just place bet as long as I have money but as time passes by I learned that if I am not gonna set my limits I will be losing more. It was actually based on other gamblers experience and of course mine as well and it took me a lot of time to think of that until I realized that I really need to change my habit or else I keep on losing more.
"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.
This is just thesame question I asked in one of my posts. From the replies, it is obvious people obvious set specific amounts in their bankroll for gambling. For those who are passionate about gambling, I think it is the right thing to do inorder not to exceed their budgets and live in debts. I do not allocate certain percentage of my income to gambling and I have had no issues with it. This my style works for me because I am not a regular gambler , I play bets once in a very long while and rarely visit online casinos. I cannot compare myself to regular gamblers who are trying hard to stay safe with their gambling activity. Any gambler who knows how to protect himself from gambling problems should do so and take it serious. Please share your experience whether positive or negative and what you learn from it.
- It is important that you set up an amount in your bankroll because once you get used to it, you will definitely become a responsible gambler, and it is unlikely that you will become addicted to gambling because you train yourself to control what you do. you while you gamble.
This is what most gamblers don't do; instead, they should do it every time they gamble in a casino. Believe me, if all gamblers do this, there probably aren't any addicted gamblers. That's why it doesn't happen to most people; this is the reality that happens in the gambling industry.
This is what most gamblers don't do; instead, they should do it every time they gamble in a casino. Believe me, if all gamblers do this, there probably aren't any addicted gamblers. That's why it doesn't happen to most people; this is the reality that happens in the gambling industry.
"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.
It is a must and an obligation so that we can control the way we play/money management including our emotion. Please share your experience whether positive or negative and what you learn from it.
Usually I always use 33% of the bankroll to bet a single bet on sports, if it win I will bet again for 33% of the bankroll + profit from the previous bet.
If it win again then the next bet amount is 33% bankroll + profits from the previous 2 wins and if it lose - always back using only 33% of the bankroll.
This is usually called a reserve martingale and I think is better than the martingale system.
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