Topic: Do you set a specific bankroll before gambling or not? - page 8. (Read 2527 times)

According to the dictionary, is a support fund that is a set aside money that be used to provides support for a business at crisis time, so for that bankroll is much more appropriate to be used for a casino than the players in the sense that bankroll should be reserved fund toake large payout such as bankroll investment, but for a gambler, I bankroll can still be an open door to more loses in the sense that, when the gambler lose instead quiting to play if the gambler have such a bankroll, he will be tempted to continue playing and trying to recovery from his loses which is a bad approach, although some gamblers may be lucky to manage their bankroll well and being at advantage at some point, but most importantly it is better not to have a sufficient funds in the balance than having a surplus fund in form of bankroll, in whichever ways, gambling is based on luck and anyone that have a bankroll should be ready to lose it and any other money' can be lost also, so for sure if the gambler is ready to lose the money then he can have such a bankroll in place, but with high Sense of decipline to know that he be at risk if not properly managed.

Sometimes having a reserved can boost your confidence at the game so I won't also eliminates the chances of having such a good bankroll for those that can easily manage it, but for me it should not be done leaving other important things behind, just like having a family needs like kids school fees and yet mentaining a bankroll at a casino, it doesn't make sense to behave that way since, you may lose the money and yet be in debt to sort out such family needs, so bankroll is basic with funds that you can afford to lose and be ok let say an extra cash flow.

I agree with that. We can set up a budget on any game that we choose and it's up to us if we will keep the discipline or not.
I know it can be frustrating sometimes when we already hit the budget amount for the day and we still haven't received any good multiplier after all the bets we made.
I have been through that situation and I learned my lessons in a difficult way. My thoughts were just to use $5 per week and I am surprised to myself that I can go further if I want to.
This is where most cases go wrong because they cannot tell where the place and time an evil are might come knocking to tell us to bet more.

Even 20% of the total salary is quite large but when you can still control the needs of the family then it's okay it also depends on your income every month but for me I don't dare to be big enough in gambling so I will set the bankrol as small as possible maximum 10% but the average used for gambling is only $5 and it is always used at the end after all other basic needs are met.
If you have a source of income other than a paycheck then that's great then you may not be disturbing your monthly paycheck.

 This topic;(Gamblers Should Have a to Do List In Case Of winning A Huge Amount), is still in context of what is being discussed. A gambler should always have a plan towards their gambling sessions. Set out a specific bankroll, a specific time to stop, and how much that should be won or lose before the person can stop even when it is not yet the agreed time. Sometimes, when you don't keep map out a plan that can help you to gamble in accordance, you will definitely spend a lot of time gambling and losing, just like yesterday that I decided to catch some fun with Baccarat on stake.com, I started with a balance of $0.25 but and I was able to multiply that to $4.75 and I keep playing, losing and winning until their was no balance to play with again. I didn't feel bad because the balance I started with was not even some significant amount but if it were that I actually want to stand in for profit, then there will still be need to control  my  bankroll and manage time too.

He did not make a deposit of 50% of his salary, because he himself also said he did not dare to make a 50% deposit on a gambling platform. After all, basically every salary we receive is of course very important for our daily lives,  this is not only for you or those who are married or have a wife and children. After all, every salary earned will basically be very beneficial for everyone who gets it.

However, with the salary you have, there is at least some money left over and so, the choice is to save it or maybe there is still some money left to gamble with. Because after all,  in gambling it is possible that from the remaining salary money, when betting, it is possible to double it and that would also be good if you were lucky. Therefore,in conclusion, I think setting a bankroll size is a good thing, because then you will gamble with a good plan so as not to lose completely.

50% of your salary is just like you are making a suicide with that. I think that's just too much, you take a lot of risk by doing that, IMO, it's alright to gamble that much but not on a constant manner. For me, I would allocate maybe a maximum of 20% as I already have a family, so I need to prioritize the needs over wants, in fact, gambling funds should be the last priority for me when it comes to funds allocation, so I doesn't affect me much if I will lose my entire bankroll.

always trying to develop capital to multiply from various web casino games. and of course I don't dare to make a deposit of 50% of my salary, it will destroy me quickly because it is not balanced with my daily needs. especially understanding very well the excessive effects of not having management. and being wise in gambling is very important because only we really understand the situation

Setting up limits wont really be just that good in gambling but also in other things as well on which there are really those things which we do need up in check or control
if we dont really like for us to have those issues in regarding about messing up something because of bad decisions that had been made specially with money. Gambling could really make you poor if you wont really be that careful and this is something that you should really be needing up to avoid as much as possible. This is why setting up bankroll would really be that crucial or something that you would be needing up to consider first, because on the moment that you do find yourself that impulsive or whose someone dont care about on how much you do spend, then sooner or later you would
really be finding up yourself on such condition that you would really be regretting for the rest of your life.

Yes always, having a fixed bankroll per week is important for me to keep my gambling habits in check. I had to learn the hard way to reduce my bankroll to fixed amounts, otherwise I end up chasing loses and risk too much capital. There is a whole field of research about bankroll management. Especially in poker the concept slowly growing your bankroll overtime means that we need to protect our money and don't risk too much at any given day. Over years playing poker I experienced myself the big swings that exist in gambling and if we don't have enough money to survive them, we will go broke. Managing our bankroll effectively will help us to not lose everything and always have something left to gamble on another day. I would treat sports betting like any other form of gambling and make sure I never risk everything in one bet.

No problem of that and yeah, that's good if you don't allocate 50% of your salary to gambling because you can use that money for fills your daily needs. We must manage our money properly to our daily needs and that's the important things for our life while we can just allocate some small money to playing gambling.

We don't have to use more than 10% of our salary to gambling, especially if we only use gambling for occasionally so we can use small money to playing gambling. Yes, that will be very dangerous if we use 50% of salary because that percentage can increase when we lose almost all of the money because we may wants to recover our lose. That will impact to how we can fills our daily needs and we will not have a chance to do that because we lack of the money.

If it is like that, then it is useless to put any restrictions on gambling because the greed to gamble is greater.
Discipline in the strategy and the limits that are determined need to be applied, if it cannot be done then it is necessary to limit gambling.

In my own experience in gambling games, I am not so focused and too greedy when placing bets and when losing there is only the purpose of revenge on the losses incurred.

I try to avoid the game and not make a lot of deposits, pause and do other activities that are better.

It's not that they don't know they are going to lose a lot of money if they gamble freely but they don't have enough patience to do that and they might use this as an excuse by saying that they didn't think that they can lose a lot of money if they gamble this way because even a kid would know this if they know about gambling.

The urge to gamble more is so strong for some people that even if they had earlier decided some limits for themselves, they don't follow them and gamble out of those limits and eventually lose more money than they could afford to lose.

The only way to fight this is to stay away from gambling as much as possible, maybe try to get into some other activity, etc.

Things starts gradually, so as addictions. When a gambler thinks he can gamble without becoming addicted to it, there might be a time when he will not know how he started gambling as never been before. Sometimes a lot of gamblers do t have the opportunity to set a specific amount for their gambling life's, so they just thinks that they won't gamble excessively because they knows themselves. Knowing that gambling is not a good place to make profits helps a gambler to know that it's also good for a gambler to risk low amount of money. However, not knowing how risky gamble can be is also risky, which means a gambler who's new to gambling should not know what gamble is before gambling.

This is the right state of mind, but there are not many gamblers that think like this, since they see those limitations as a way to restrict their fun and they do not know how to function within those limits, so instead they prefer to gamble as freely as possible thinking that it is not possible for them to lose that much money anyway, and those are the people that are the most susceptible to losing huge amounts of cash, as they will not realize this happened until it is too late to do anything about it.

That is completely true, it means that in gambling winning is not the end of everything, or it means that there are still other results that can happen at that time after you have won and as long as you have not withdrawn the winning amount for some reason, such as still wanting to gamble, in the sense of losing. will always be a sure thing even if at first you manage to win. In gambling, of course, limiting time is also an important thing that must be prepared by gamblers apart from limiting the amount of the budget, because you have also said that even if, for example, they manage to win, if they do not set a time limit then in the end it is very possible for them to to experience defeat again.

You gave a good example, and maybe I will also suggest a strategy that is no less good which leads to the prevention aspect, such as when you succeed in winning and it turns out you still haven't reached the target time limit that has been set, then I would suggest that you first secure part of the winnings and leave the other part to continue the gambling session if you haven't reached your time limit, even if in the next session for example you lose but still you have secured some of the previous money, so you are still safe and I think this is almost the same as the plan You.

Yeah, you are right, @Accardo; time is important too, while it might be neglected by so many gamblers. Sometimes someone can actually set out to gamble with $10, and if luck is on their side, they can multiply their balance by 10x, but if they don't set a time that they must stop gambling, they can still end up losing the amount they won, so timing is also important, and I think it's necessary to also note the amount of profit that a gambler must archive before leaving. For example, if I allocate $20 for my daily gambling plan and decide that I will spend three hours and that if I make up to $100 or $200 within 3 hours, I will just take a break, Such plans are going to help me stop gambling immediately i win up to $100, even when my set time is not up yet.

Limitations are absolutely important whether you are betting on a friendly poker game or the stock market. You run risk of money, sanity, and peace of mind without restrictions. That is greater worth than winning streaks. I have traded and invested multiple times, thus discipline is quite important. Recognise and respect your limitations. Let not feelings rule. In terms of money and life, you lose great amounts.

It takes self-control to know your shortcomings and stop them from dictating you. Your money and yourself merit respect. You know, what? Fun is also really vital. Gamble for enjoyment rather than fear and regret.

You are right and I completely agree wit you, when it comes to gambling, setting a limit to the amount in hope or want to spend gambling is a very good practice to be honest, this is something I've been, or started practicing for as long as I was like 2 to 3 months old into gambling, and since then, ive not regretted it one bit.

And there are actually some who can not really take such practice serious because they have made alot of money, and really don't care how much they spend it, as long as they are spending on what brings them fun and excitement, this is totally understandable as well, but in all, it is often said that we cut our coat according to our respective sizes., a gambler should always take note of their financial level and never gamble without setting limits to funds that is to be used for that purpose.

Yes it's something we hear a lot in sports betting, but the truth is that setting a limit on your bankroll applies to any type of betting or any type of gambling you engage in. In gambling, you can win at any time and in any amount but of course you can also lose in amounts that are usually much larger as time goes by, and the majority of gamblers forget this which in the end makes them continue gambling without setting any limits on their budget.

In gambling, placing limits on the amount of your budget can be one of the main keys to avoiding bad effects such as losing large amounts of money, and also usually the majority of gamblers who always bet large amounts always find it difficult to accept the situation of losing, and I think that's normal. because after all we don't like losing money, therefore there is no other way than to limit the amount of our bets, the benefit is that it can prevent us from getting emotional and also from losing large amounts.

Timing is also crucial at my end. How to schedule my time to sustain the amount of money about to be spent in gambling. Whenever wins shows up it could be added to the remaining bankroll to be used for gambling until the designated time for gambling is over.
The benefit of scheduling bankroll is for it to serve as an alert to the gambler. If the money gets exhausted the player would remind himself of his plans before starting that game on limiting his expenses. Even when he boycotts the self plan, he would forget it easily. Soon he'd stop and try again later.