Topic: Do you set a specific bankroll before gambling or not? - page 6. (Read 2538 times)

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.

Every gambler must have a specific budget before gambling and learn to consistently control themselves properly, for example many gambling sites hold demo games with fake money so that every gambler can learn to test their ability to control themselves and set a daily budget before playing with real money. It's not easy to do it consistently but it's not difficult to do either, that's why you use a demo account to learn to control yourself, I've also tried this method before and it works to be able to play responsibly, make sure you test it first with a demo account, if you've succeeded, you'll learn for sure. It's easy to do when playing with real money. At least you know when to gamble and when to stop gambling.

Hahaha...I'm confused right now with what you wrote. First, this is not a trading discussion thread but a gambling thread, and second, bankroll can't protect us from any form of losses whatsoever, it all depends on us, on how well we are prepared for gambling and how calculative and managerial we are in handling the bankroll.

The bankroll is just an overall deposited amount where we can be drawing our gambling wagering, but if carelessly managed, it can be a very quick catastrophe for the gambler. However, if well actualized budgetarily, this could further help our gambling experience to have meaning and enhance our overall responsible gambling.

It depends on the person and the game in most cases but o would say that I always set a limit for myself on how much I am going to gamble- which is not very often at all, but honestly I think 5-10% sounds reasonable, but again it depends on the person and their income. 5-10% on 1k is not much but 1 mil is wild.

That is it, we don't need to start gambling as if it is a do or die affair for us to win, whoever gamble like that will not be able to control his losses. This is why some people plan when they want to gamble, they also have a certain amount that they will gamble with because they are only after the fun since they know that gambling is risky and if not properly done can frustrate your plan on your funds.

This is why to gamble responsible having a bankroll is a wise decision because it will help you not gamble above the amount that you have decided to use to gamble. When you don't have a bankroll, you might find it difficult to control your gambling activities because you lack financial management.

Good for you that you can at least divert your attention and start doing other activities when you lose, most gamblers can't do that, they start making more deposits and try to recover their money after a loss and that makes them lose more money eventually. For such gamblers, having limits doesn't matter because they don't follow the limits they set for themselves, so it doesn't matter whether they have limits or not because they don't care about it.

Having limits only works for responsible gamblers because they know when they need to start and stop when they are gambling, and they don't do excessive gambling because they stop right after they lose a specific amount that they have decide before starting their session, and they do this all the time and not just once.

But many people who can wins from gambling doesn't know when they must quit gambling. That's why we heard about many people still lose their money including their win money and that's not stops them from playing gambling because they wants to gets their money back. Setting a specific bankroll is a must for every gamblers because that can helps them to reduce their lose in gambling and keeps their money for their next gambling activities.

A bankroll will be work if that person have discipline, self control, awareness and else so they can use gambling for having fun. They will not wants to chase the wins or recover their money because they know that's difficult so they just wants to enjoy their time to playing gambling. That will gives them an excitement when playing gambling so they can quit gambling in the right time.

Not only just on having that kind of track but also you would really be showing out on how well you do have that kind of control when it comes to this aspect on which we know that it would really be always relevant that
having that kind of moderation and in control on how you do spend up money in terms of doing gambling. We do know that when it comes into this situation it would really be always crucial or important on having that moderation because we know on how destructive gambling addiction could be if you are really that putting up too much attention with it because even lets say that you are just not mindful about your spending
on which no matter how small that kind of intent would be but on the time that you are already losing up that much then you would really be having those thoughts that you shouldnt have done that.

You shouldnt be making yourself having that kind of regret just because you didnt put up that much in concern or attention into it. We do know that spending money is really just that too easy
but earning it would be hard. This is why it would really be just that right that you should really know on how to take control on whatever spending that you would really be gonna be dealing with.
We arent all that perfect but at least self control would really be something needed.

Yups, wise gamblers are those who can always make decisions according to their abilities and do not exceed their limits, before depositing money or before starting a bet they always check again and make sure that it is an amount they can really afford to lose, especially if indeed the result turned out to be a real loss. In gambling, winning is nothing more than a bonus and losing is a certain thing, it is very important to have a neutral mindset such as understanding the chances of winning and being aware of the risks, it's like 50 - 50, meaning you don't have a special advantage to always win unless you do. is the owner of the casino.

On the other hand, when we know or identify that it is a bad day due to a game that is going very badly then yes stopping and setting aside the remaining amount of money in the betting account is a good decision, this is a matter of luck, meaning it is possible that when we resume the gambling session At other times the game will go well and lead us to victory.

Oh well, yes ofcourse we shouldn't deposit until we have money in our gambling account but I was assuming that within a week we lose what we deposit if we actively gamble.
That's the reason I mentioned if a user deposits on weekly basis then it becomes easy for him to track his gambling expenses.

Unless the person has another motive for why they are funding their account in the first place, maybe there is some bonus that comes with big funds, for which you might not need to meet a wager requirement before withdrawal (which I don't see as something possible).
 
If not, the highest amount one needs to fund his account with is just the money you have budgeted for gambling, maybe for the entire week. If you don't want to be making deposits anytime you want to gamble, you can just fill in your weekly budget, and if you lose control and are not able to manage your bankroll, you will just consider it as spending all your gambling weekly budget and don't gamble for the week again.

Everybody likes a little action and luck. Winners know when to quit. Yeah, its hard. Intense eagerness can take over. Where discipline comes in. You keep your limit. Claims-free. Gambling's entertainment, not work. A night out or delicious supper are entertainment. Steak dinners shouldnt cost your life savings. Gambling, too. Have fun, set a budget, and go when you're done.

It goes beyond money. Self-control, self-knowledge. Win in life, not only gambling. You must be smart, disciplined, and mindful. Winners have those traits.

A wise gambler always manages the number of money they are willing to risk we know there are some red days in playing gambling and if you know that the game doesn't work well setting a side a money is like a safe procurement that you didn't waste all of your money in just a single game. When I'm playing I do at least to save 20% of may assets to make sure for the next game i still have enough money to play with or in a next time I open my account and I don't have enough money still there's some few left in my account. Unless you doesn't care at all with the money as long as you made a deposit that's all of your capital.

That's good because you see your mistakes and wants to learns from your mistakes. That makes you becomes wise and can treat gambling as an entertainment. When we playing gambling, we must set some money that we can afford to lose so we don't break the limitation that we make. That can helps us to avoids the big lose that we already experienced before but we can still enjoy our time to playing gambling.

We don't have to worry if can't do that perfectly because that's not easy to have limitation while we playing gambling because the temptation from gambling can be strong. But if we keeps practice to use limitation, that will helps us to have strong control over ourselves and we will not break our bankroll when playing gambling. That's why we must set a bankroll for playing gambling so we don't over in gambling.