Topic: Do you set a specific bankroll before gambling or not? - page 9. (Read 2538 times)
I don't know how effective it can be to set a limit on bankroll before gambling and not go against the wish before the end of it, if we considers how entertaining gambling is and how we can sometimes go beyond budget at the cause of gambling, except if we have nothing more left to use for gambling, but what we may set as bankroll may not effectively work as planned because we cant predict what may turn out of our experience on gambling.
Yes ofcourse, setting bankroll before gambling allows us to manage our bets well.
It helps us to bet with specific amount and thus helps to win our desired targets.
I have noticed that I often lose more than expected when I am not starting with my usual bankroll.
I set specific bankroll for gambling just like my other regular expenditures, I make budget for my income and I use the potion for gambling to do so. I put gambling budget in my secondary needs and I try as much as possible to be disciplined not to exceed it, without a budget or bankroll for gambling, I can get carried away and exceed my budget for it. Gamblers who gambles once in a while might not need a bankroll for it, perhaps they can take money from their savings or emergency funds to do so. Anybody that gambles regularly needs to create a bankroll for it so that they can gamble responsibly. It helps us to bet with specific amount and thus helps to win our desired targets.
I have noticed that I often lose more than expected when I am not starting with my usual bankroll.
betting on football, basketball, you could say I often do 50% for several favorite clubs when playing, I don't put all 50% on one team. each club allocates 10% of the bankroll.. different from playing gambling games such as dice or slot games, the betting allocation is smaller than sports betting. leaving 50% of the bet for recovery when my research is not right or I lose the bet, of course management must apply it to be orderly
You must use money management to playing gambling because that will prevents from the big lose. If you can allocates 10% of the salary, that will be good but maybe you can reduce is and use 5% of the salary. But that will be up to you because you must calculate your money and knows where you will spends your money.For each bet, you can use less than 10% of the bankroll because you don't use gambling to make money. If you can do that, you will not spends too much money in gambling and only place a bet on the team or player you knows. With money management, you can arrange your money and knows how much money you will use to place in every bet you wants. You will not just waste too much money in gambling because you knows that you have daily needs that you must be filled.
I prefer having a bankroll for my gambling activities, so that I don't spend more than a specific amount for my gambling activities. Sometimes when I am less busy, I gamble more than when I am busy. I can use my bankroll of a week in just two days and I will quit gambling for that week.
Sometimes, I don't gamble at all because I have being busy with work, and my bankroll will be like that till when I gamble again. However, a gambler can abduct any style that suits his gambling life but the most important thing is that we don't get addicted and run at big loss.
You have great control, and I'm impressed by that. As for me, even though I'm busy, I always find a way to gamble. Since I bet on sports, it doesn't consume a lot of time, but sometimes if I feel emotional, it can really affect my job. Even just watching the box score can bother me because, with the size of the bet, I often feel mixed emotions. The amount of money we risk can really affect our emotions. When I bet $5 to $10, I can easily let go if I lose and not mind it much. However, if it's a bigger amount, I'll try everything to recover those losses, even though I always follow my limit.
The second is that yes, it is clear that you are already aware that the amount of your bet is relatively large each time you run a session, you can immediately change it, and I think it will not be too difficult to make this change if you are really aware of the error. As you said, by only risking a small amount you will be able to easily let go of all the losses you experience, meaning that is indeed the best. Gambling is a chance activity, don't overdo it because there is no certainty that you will always win.
I prefer having a bankroll for my gambling activities, so that I don't spend more than a specific amount for my gambling activities. Sometimes when I am less busy, I gamble more than when I am busy. I can use my bankroll of a week in just two days and I will quit gambling for that week.
Sometimes, I don't gamble at all because I have being busy with work, and my bankroll will be like that till when I gamble again. However, a gambler can abduct any style that suits his gambling life but the most important thing is that we don't get addicted and run at big loss.
You have great control, and I'm impressed by that. As for me, even though I'm busy, I always find a way to gamble. Since I bet on sports, it doesn't consume a lot of time, but sometimes if I feel emotional, it can really affect my job. Even just watching the box score can bother me because, with the size of the bet, I often feel mixed emotions. The amount of money we risk can really affect our emotions. When I bet $5 to $10, I can easily let go if I lose and not mind it much. However, if it's a bigger amount, I'll try everything to recover those losses, even though I always follow my limit.
Setting out bankroll is recommended and never ever make yourself making more deposits on the moment that you would really be losing money or losing it all. People do really end up
on disaster if they would really be deciding to bet further or making deposits.
~snip~
I prefer having a bankroll for my gambling activities, so that I don't spend more than a specific amount for my gambling activities. Sometimes when I am less busy, I gamble more than when I am busy. I can use my bankroll of a week in just two days and I will quit gambling for that week.Sometimes, I don't gamble at all because I have being busy with work, and my bankroll will be like that till when I gamble again. However, a gambler can abduct any style that suits his gambling life but the most important thing is that we don't get addicted and run at big loss.
How we gamble reflects our overall priorities. A well-intentioned budget might become a cycle of feast and famine if not attentive. You need a strategy, not just for the game but for life's gambles: career moves, relationships, those big life goals
Too much realism is problematic. Gambling psychology can influence daily decisions. A different perspective: Gambling should be learning experiences, not just wins or losses. Focus on understanding, not winning. Now you're learning, not gambling. This keeps it a hobby, not a habit or obsession
I prefer having a bankroll for my gambling activities, so that I don't spend more than a specific amount for my gambling activities. Sometimes when I am less busy, I gamble more than when I am busy. I can use my bankroll of a week in just two days and I will quit gambling for that week.
Sometimes, I don't gamble at all because I have being busy with work, and my bankroll will be like that till when I gamble again. However, a gambler can abduct any style that suits his gambling life but the most important thing is that we don't get addicted and run at big loss.
You have great control, and I'm impressed by that. As for me, even though I'm busy, I always find a way to gamble. Since I bet on sports, it doesn't consume a lot of time, but sometimes if I feel emotional, it can really affect my job. Even just watching the box score can bother me because, with the size of the bet, I often feel mixed emotions. The amount of money we risk can really affect our emotions. When I bet $5 to $10, I can easily let go if I lose and not mind it much. However, if it's a bigger amount, I'll try everything to recover those losses, even though I always follow my limit.
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.
Sometimes, I don't gamble at all because I have being busy with work, and my bankroll will be like that till when I gamble again. However, a gambler can abduct any style that suits his gambling life but the most important thing is that we don't get addicted and run at big loss.
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betting on football, basketball, you could say I often do 50% for several favorite clubs when playing, I don't put all 50% on one team. each club allocates 10% of the bankroll.. different from playing gambling games such as dice or slot games, the betting allocation is smaller than sports betting. leaving 50% of the bet for recovery when my research is not right or I lose the bet, of course management must apply it to be orderly
You must use money management to playing gambling because that will prevents from the big lose. If you can allocates 10% of the salary, that will be good but maybe you can reduce is and use 5% of the salary. But that will be up to you because you must calculate your money and knows where you will spends your money.For each bet, you can use less than 10% of the bankroll because you don't use gambling to make money. If you can do that, you will not spends too much money in gambling and only place a bet on the team or player you knows. With money management, you can arrange your money and knows how much money you will use to place in every bet you wants. You will not just waste too much money in gambling because you knows that you have daily needs that you must be filled.
If I am not wrong then bankroll is defined as the amount that you have for betting in all total. Now if you want to place bets, you need to bet a certain percentage per bet from that bankroll. Now regarding setting the specific bankroll, then yes, we deposit some amount and decide to gamble from that amount only. We manage the risk involved according to the bankroll and place around 10% of the bankroll in particular bet. Managing and organising the funds for gambling is an ideal idea to track your finances.
More or less. The bankroll is the money you have in your casino account, and, if you play skill games, it is an essential component to be able to win money in the long term, although not the only one. If you play casino games, it may help you to make your money last longer, but it is not necessary. You can also deposit what you intend to bet that same day and that's it.
The idea is to reduce the risk of bankruptcy to practically 0. If for example you have a bankroll of $100, make bets of $5 maximum, and if you are losing and it drops to half, having now $50, reduce the bets to $2.5. That way you have the same number of bets as at the beginning and if you are in a simple bad streak in a skill game it gives you time to recover, besides that when you go down in level you have more edge over your opponents and therefore the bad streaks mathematically last less.
If I am not wrong then bankroll is defined as the amount that you have for betting in all total. Now if you want to place bets, you need to bet a certain percentage per bet from that bankroll. Now regarding setting the specific bankroll, then yes, we deposit some amount and decide to gamble from that amount only. We manage the risk involved according to the bankroll and place around 10% of the bankroll in particular bet. Managing and organising the funds for gambling is an ideal idea to track your finances.
You would really be needing up such control on the moment that you would really be that liking or wanting to have that kind of consideration in regarding the amount that
you would really be that making use of.
you would really be that making use of.
Yes, in fact for me it is super important that things have to be done considering the money to spend in the casino, that is, if I have 30usd for me it is essential to be able to multiply them, but in the case that I can't, then what I should do is that if I spend it all and without winning, then I should not insist on more balance, I should stay quiet, and there in that balance of 30usd I should establish everything that I have thought, be it strategies, be it giving free rein to my emotions but only with that balance that for me I would be willing to lose, which if it is lost I would not feel any kind of remorse, for me control starts from there.
betting on football, basketball, you could say I often do 50% for several favorite clubs when playing, I don't put all 50% on one team. each club allocates 10% of the bankroll.. different from playing gambling games such as dice or slot games, the betting allocation is smaller than sports betting. leaving 50% of the bet for recovery when my research is not right or I lose the bet, of course management must apply it to be orderly
You won't be happy if you keep tracking your wins and losses in a game where the house edge is present. It's a no-brainer that once there's a house edge, we will never win in the long run. Even if the house edge is as low as 1% on dice, we still don't have that so-called "edge." This game is actually considered luck-based because we can only win when we are lucky. Since we are regular gamblers, even if we win today, we will still come back to gamble again, and that's where the principle of losing in the long run comes in.
Well you're right, the truth is that when I realized that everything depended on luck it was something that marked me a lot, however, I am a person who does not stop believing in strategies, in fact I look for dice games, of course I don't bet like before, I bet less, but even so, I play things with much more moderation, I know that now things are different for me, my favorite was to play at freebitco.in, now with all the uncertainty that there is, there are more options, but in itself, in dice , in roulette, in slots for more, things focus a large percentage on luck.
desperate when it comes on making money because this is where things turns out to be shit on the moment that you would be expecting something positive towards gambling. This is why you should really be that
careful on what are your intents towards it because if you wouldnt really be that like that then it wont really be that recommended to have that kind of having no plans in regarding on setting up a bankroll.
You would really be needing up such control on the moment that you would really be that liking or wanting to have that kind of consideration in regarding the amount that
you would really be that making use of.
You won't be happy if you keep tracking your wins and losses in a game where the house edge is present. It's a no-brainer that once there's a house edge, we will never win in the long run. Even if the house edge is as low as 1% on dice, we still don't have that so-called "edge." This game is actually considered luck-based because we can only win when we are lucky. Since we are regular gamblers, even if we win today, we will still come back to gamble again, and that's where the principle of losing in the long run comes in.
Well you're right, the truth is that when I realized that everything depended on luck it was something that marked me a lot, however, I am a person who does not stop believing in strategies, in fact I look for dice games, of course I don't bet like before, I bet less, but even so, I play things with much more moderation, I know that now things are different for me, my favorite was to play at freebitco.in, now with all the uncertainty that there is, there are more options, but in itself, in dice , in roulette, in slots for more, things focus a large percentage on luck.
"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 bankroll my casino accounts unless it's weekend and this helps me avoid gambling during the week days, there is no way for me to access any casino when there is no fun and I when I do, I break it evenly for each day games I'm gong to play. I fund on Fridays morning and then on Sunday evening is when I do withdrawals the most. This concept helps me to manage my profits and loss and to be discipline with gambling, so that I don't go overboard.
However, I'm not sure if many people really practice this Bankroll of a thing, because it's not like they are playing for anything fun, they can have money today and make the deposit the same day and then end up with no single withdrawals. There are some gamblers that are even seasonal, they gamble when they think it's right and that's when they fund their account and they have no business with Bankroll.
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.
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.
I think that is one of the things that depend a lot on the personality of each player, I once tried to do something like that, with an excel, at that time I had a huge fever to play dice in freebitco.in and for me it was incredible, I received something from the faucet, and then I played, I had great control but when I compared what I had lost and what I had won, it was really very little and that lowers the intensity a lot and lowers morale too, then one seems to get disappointed with their results, that is why I learned that each game session is unique, no matter what happens that is where you have to play accepting everything, that is why when I tried to do that control it did not go well for me.
You won't be happy if you keep tracking your wins and losses in a game where the house edge is present. It's a no-brainer that once there's a house edge, we will never win in the long run. Even if the house edge is as low as 1% on dice, we still don't have that so-called "edge." This game is actually considered luck-based because we can only win when we are lucky. Since we are regular gamblers, even if we win today, we will still come back to gamble again, and that's where the principle of losing in the long run comes in.
just because they've been that they are still on negative then they would really be trying out to chase those loses and this is something which isnt that recommended. This is why on the moment that you would really be on such situation on which you would really be not putting up that much attention then you wont really be having that kind of impulsive feeling and would really be just simply move on with your loses
on which this is something a must thing rather than on making yourself that being wary with those stats because it would really be just that making you desperate.
Its not bad to have some tracks but i do rather see that checking it out often would really be leading up into something which is really that making you that thinking
that you should be trying to play more to get back those loses on which this is really that a very wrong approach to have or something that you must stop if you dont
like to mess up yourself in gambling field.
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.
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.
I think that is one of the things that depend a lot on the personality of each player, I once tried to do something like that, with an excel, at that time I had a huge fever to play dice in freebitco.in and for me it was incredible, I received something from the faucet, and then I played, I had great control but when I compared what I had lost and what I had won, it was really very little and that lowers the intensity a lot and lowers morale too, then one seems to get disappointed with their results, that is why I learned that each game session is unique, no matter what happens that is where you have to play accepting everything, that is why when I tried to do that control it did not go well for me.
You won't be happy if you keep tracking your wins and losses in a game where the house edge is present. It's a no-brainer that once there's a house edge, we will never win in the long run. Even if the house edge is as low as 1% on dice, we still don't have that so-called "edge." This game is actually considered luck-based because we can only win when we are lucky. Since we are regular gamblers, even if we win today, we will still come back to gamble again, and that's where the principle of losing in the long run comes in.
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.
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.
I think that is one of the things that depend a lot on the personality of each player, I once tried to do something like that, with an excel, at that time I had a huge fever to play dice in freebitco.in and for me it was incredible, I received something from the faucet, and then I played, I had great control but when I compared what I had lost and what I had won, it was really very little and that lowers the intensity a lot and lowers morale too, then one seems to get disappointed with their results, that is why I learned that each game session is unique, no matter what happens that is where you have to play accepting everything, that is why when I tried to do that control it did not go well for me.
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.
Well, I would say that for casino betting what the bankroll can do is make your money last longer in the long run, but obviously you're not going to be able to make a profit because of the HE. In sports betting and poker it is an essential component. No matter how good you are at the tables, or in sports betting, if you don't manage your bankroll well you'll go bust sooner or later.
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