Gambling Management - page 19. | Bitcointalksearch.org

Vaculin

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Winding down.

Quote from: Shishir99 on February 13, 2024, 01:59:47 AM

Quote from: Westinhome on February 12, 2024, 11:57:46 AM

The gamblers who do the random betting in the gambling site will get the probability of losing funds with 70-80% of their capital.Analyse the game and each betting should be more unique to make huge money.

You just agreed with me by saying this. I do not see betting or gambling as a way of making money. If someone takes it as a way of making money, they will be stuck with it and get addicted to it and we all know how dangerous addiction could be. So, you should not rely on what others suggest to you. You should make your unique strategy for yourself.

Instead, if you look for others opinion about what you should do and what you should not do, you are doing the wrong thing. I won't suggest anyone following others suggestion. They should make their own strategy.

Gambling should not be considered a money-maker as it is never like that. If someone wins, many also lose.
We have to take that consideration that gambling never gives us earnings instead of losses but that is not a big deal as long as we consider gambling as entertainment. And as long as we never chase our losses. Of course, it was disappointing not to win but we have to accept that this is how gambling works and we can't be a lucky person always. As much as possible, we have to keep in mind that there is no winning assurance in gambling, or else, we stop doing this.

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Quote from: Shishir99 on February 13, 2024, 01:59:47 AM

Quote from: Westinhome on February 12, 2024, 11:57:46 AM

The gamblers who do the random betting in the gambling site will get the probability of losing funds with 70-80% of their capital.Analyse the game and each betting should be more unique to make huge money.

You just agreed with me by saying this. I do not see betting or gambling as a way of making money. If someone takes it as a way of making money, they will be stuck with it and get addicted to it and we all know how dangerous addiction could be. So, you should not rely on what others suggest to you. You should make your unique strategy for yourself.

Instead, if you look for others opinion about what you should do and what you should not do, you are doing the wrong thing. I won't suggest anyone following others suggestion. They should make their own strategy.

It's true that everyone has to have their own strategy, but they also have to learn from other people and ask for other people's opinions to encourage themselves to do the same thing, then learn to organize different strategies to make them better, because we wouldn't be able to stand alone without there are other people and we can learn from our experiences or other people's experiences, sometimes we don't need to feel pain when we actually fall off a bicycle, but when we hear other people's suggestions or opinions that falling from a bicycle hurts, of course we will be more be careful when riding a bicycle, learn from other people's experiences.

Everyone needs to ask for advice or opinions from gamblers who may already have more experience in gambling because only then can they learn to set their own strategy. In essence, it doesn't matter if anyone asks for other people's opinions as long as it is really done to manage themselves to be more careful. for example in gambling, as I said earlier a beginner needs other people's opinions to be able to play more responsibly in gambling and that is not something wrong in my view.

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Quote from: Inwestour on February 13, 2024, 06:47:39 AM

Quote from: ethereumhunter on February 13, 2024, 06:29:21 AM

As long as you can save the winnings you get properly and still allocate a certain amount of money for gambling, it seems like it can go well and no problems will arise. But you must really control yourself when gambling and not violate the limits you have set and only use gambling as entertainment. This can help you enjoy gambling as entertainment so you don't lose as much. You will also always try to avoid playing gambling for longer because it can make you use more money where you will deposit more money in gambling. This should not be done if you want to limit the gambling game so that you will remain within the limits you set.

Everything regarding management in gambling is very individual, one player will limit the gaming budget for the day, another may limit the gaming time. Some people play for fun, and some people try to make money from it, so it’s impossible to determine one strategy that will work for everyone. Planning in gambling already implies a more serious approach, but this can't clearly become decisive for making a profit, this is just one of the necessary points, without which it will be difficult to achieve results.

Ones a gambler start limiting time he spends in a casino he will also reduce the way he's betting. when you are spending more time on something you are making the things get more used to you and the time you are used to that thing you are also becoming addicted to it and addictions is not easy to stop or limit.
When you deposit on a casino bet with the money you deposited and when the money is finished don't fund another even when the time you budget isn't yet come.

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Quote from: Shishir99 on February 13, 2024, 01:59:47 AM

Quote from: Westinhome on February 12, 2024, 11:57:46 AM

The gamblers who do the random betting in the gambling site will get the probability of losing funds with 70-80% of their capital.Analyse the game and each betting should be more unique to make huge money.

You just agreed with me by saying this. I do not see betting or gambling as a way of making money. If someone takes it as a way of making money, they will be stuck with it and get addicted to it and we all know how dangerous addiction could be. So, you should not rely on what others suggest to you. You should make your unique strategy for yourself.

Instead, if you look for others opinion about what you should do and what you should not do, you are doing the wrong thing. I won't suggest anyone following others suggestion. They should make their own strategy.

But there are times when other suggestions are good. So, we will have to consider that too. Although it's true that we should make our own strategy after reading all their suggestion. I think there are gamblers who have the same wavelength as us, so it's not that bad to check out what they will say especially in sports gambling.
I have tailed many gamblers who did great and I actually win a good amount by doing that. Sadly, nothing lasts forever and I have not seen that person that I had been following before in the chat box of my favorite gambling site.
I also believe that gambling is not a good way to make money. It ain't a job. There are other ways to make money and that's by working without the risk of addiction or risking way too much until you reach a point where you get a good strategy. I mean, how much money will we lose first before we become a professional in gambling? I bet it will be a lot and not just money we are wasting, time too. With all that time, we could've made money by simply going to work with maybe simple tasks.

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Quote from: ethereumhunter on February 13, 2024, 06:29:21 AM

As long as you can save the winnings you get properly and still allocate a certain amount of money for gambling, it seems like it can go well and no problems will arise. But you must really control yourself when gambling and not violate the limits you have set and only use gambling as entertainment. This can help you enjoy gambling as entertainment so you don't lose as much. You will also always try to avoid playing gambling for longer because it can make you use more money where you will deposit more money in gambling. This should not be done if you want to limit the gambling game so that you will remain within the limits you set.

Everything regarding management in gambling is very individual, one player will limit the gaming budget for the day, another may limit the gaming time. Some people play for fun, and some people try to make money from it, so it’s impossible to determine one strategy that will work for everyone. Planning in gambling already implies a more serious approach, but this can't clearly become decisive for making a profit, this is just one of the necessary points, without which it will be difficult to achieve results.

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Quote from: Makus on February 12, 2024, 04:13:57 PM

Oftentimes I reserve my Initial betting money if am lucky enough to win the first set of bets and use the profit just as the op said to continue gambling. And sometimes after doing this, I just reserve the money for gambling another day while I use my profit to catch as much fun that I can enjoy in the games. If your sole purpose of gambling without expecting the money to be the source of your living then this strategy will work just fine for you. Excepts maybe, along the way you get too greedy to just use everything both the profit and the initial money for gambling to just without any reserve.

As long as you can save the winnings you get properly and still allocate a certain amount of money for gambling, it seems like it can go well and no problems will arise. But you must really control yourself when gambling and not violate the limits you have set and only use gambling as entertainment. This can help you enjoy gambling as entertainment so you don't lose as much. You will also always try to avoid playing gambling for longer because it can make you use more money where you will deposit more money in gambling. This should not be done if you want to limit the gambling game so that you will remain within the limits you set.

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Quote from: Westinhome on February 12, 2024, 11:57:46 AM

The gamblers who do the random betting in the gambling site will get the probability of losing funds with 70-80% of their capital.Analyse the game and each betting should be more unique to make huge money.

You just agreed with me by saying this. I do not see betting or gambling as a way of making money. If someone takes it as a way of making money, they will be stuck with it and get addicted to it and we all know how dangerous addiction could be. So, you should not rely on what others suggest to you. You should make your unique strategy for yourself.

Instead, if you look for others opinion about what you should do and what you should not do, you are doing the wrong thing. I won't suggest anyone following others suggestion. They should make their own strategy.

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Quote from: invo on February 12, 2024, 02:14:27 PM

Quote from: lombok on February 05, 2024, 02:15:47 AM

I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

I started to realize and change my habits. Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks

I remember reading the same strategy in the past. The profits he earned will be used for gambling purposes. The initial capital will be put into safety by withdrawing it. If he wants to continue playing, he should only use the money left in his wallet. This way, he won't consider it a loss. But I think, a better strategy would be to increase the amount in the wallet first and then withdraw some profits along with the initial capital. This way, you can earn some money before putting your money into safety and continuing gambling.

If you are really that serious on trying out to make some gambling activity then it would really be that wise that you should really be that using those gambling profits that you had made out earlier
and not really that focusing that much on playing gambling on extreme mode. We do know that we cant really be that winners like forever and there's no way that we could really be able to make ourselves
be profitable on the time that we do have those loses then we would really be adjusting it out. This is why it would really be that best that you should really be having that kind of approach.

The important thing that you should really be needing up when dealing up with gambling is that you should not really be making yourself that desperate because once you do
then you would really be ending up on messing up your life with specially if you are spending amounts which arent supposed to be that spend up on gambling.

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Oftentimes I reserve my Initial betting money if am lucky enough to win the first set of bets and use the profit just as the op said to continue gambling. And sometimes after doing this, I just reserve the money for gambling another day while I use my profit to catch as much fun that I can enjoy in the games. If your sole purpose of gambling without expecting the money to be the source of your living then this strategy will work just fine for you. Excepts maybe, along the way you get too greedy to just use everything both the profit and the initial money for gambling to just without any reserve.

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Quote from: eye-con on February 12, 2024, 03:02:24 PM

Is this strategy effective for you? If it helps you to avoid losses, it is a good strategy. Or if you withdraw your initial money, are you losing the game if you use your profit to gamble? One time I tried this, but I ended up losing all my profits in the end. Personally, I prefer to keep my initial money in my wallet and if I continue the game, I limit my betting amount until my balance reaches my initial money.

It is a widely known fact that no matter how you decide to administer your capital, since the EV is negative then you will lose money against the casino, so the strategy proposed by the OP is only effective for those which can use a strategy to help them beat the odds already, while for the rest of us this is not possible, as even if you got lucky once in a while, eventually the profits you got will disappear and you will have to make a new deposit.

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Is this strategy effective for you? If it helps you to avoid losses, it is a good strategy. Or if you withdraw your initial money, are you losing the game if you use your profit to gamble? One time I tried this, but I ended up losing all my profits in the end. Personally, I prefer to keep my initial money in my wallet and if I continue the game, I limit my betting amount until my balance reaches my initial money.

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The changes you made were right, using the winnings to bet again and saving your initial capital in the hope that it won't be eroded by the game.
If you can do this more often, you might see your balance grow. Even though it's not significant, it's better than losing all your balance in just a few short games.
What I did was more or less like that, my money didn't grow very fast but at least I could play longer that way.

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Quote from: Sunderland on February 12, 2024, 01:17:35 PM

How about using a semi reverse martingale system, for example:
You start with $100, place a single bet $25 on the odds 1.8x, if it win = $45
Place another single bet with the $45 on the odds 1.7x, if it win = $76.5, then place another bet with the $76.5 on the odds 1.7x and if it win again = $130.05 then stop or start again with $25 bet.

And every time you lost the bet, always back with $25 bet again. Some people with bigger bet amount prefer to stop after 2 wins in a row, its up to you.
With this way you will be only focus with 1 game per session, its far more better than placing a few single-bets + parlay all together.

This sounds nice and good. Yes, compared to multi-bet, the single-bet method with semi reverse martingale is more convincing. Moreover, this system is used for matches where we clearly know that the club is capable of winning the match 80% of the time.

Maybe I can do this in the next bet. Thank you for the advice

Quote from: invo on February 12, 2024, 02:14:27 PM

I remember reading the same strategy in the past. The profits he earned will be used for gambling purposes. The initial capital will be put into safety by withdrawing it. If he wants to continue playing, he should only use the money left in his wallet. This way, he won't consider it a loss. But I think, a better strategy would be to increase the amount in the wallet first and then withdraw some profits along with the initial capital. This way, you can earn some money before putting your money into safety and continuing gambling.

I'm sure I've done that, but because I'm human, there will definitely be temptation, especially when it comes to gambling, what we have planned may not go smoothly. If we leave profit funds and capital funds still stored in the gambling wallet, there will be a possibility of using all the funds to place bets because we are tempted. I'm sure of it.

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Quote from: lombok on February 05, 2024, 02:15:47 AM

I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

I started to realize and change my habits. Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks

I remember reading the same strategy in the past. The profits he earned will be used for gambling purposes. The initial capital will be put into safety by withdrawing it. If he wants to continue playing, he should only use the money left in his wallet. This way, he won't consider it a loss. But I think, a better strategy would be to increase the amount in the wallet first and then withdraw some profits along with the initial capital. This way, you can earn some money before putting your money into safety and continuing gambling.

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Quote from: lombok on February 05, 2024, 02:15:47 AM

I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

I started to realize and change my habits. Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks

How about using a semi reverse martingale system, for example:
You start with $100, place a single bet $25 on the odds 1.8x, if it win = $45
Place another single bet with the $45 on the odds 1.7x, if it win = $76.5, then place another bet with the $76.5 on the odds 1.7x and if it win again = $130.05 then stop or start again with $25 bet.

And every time you lost the bet, always back with $25 bet again. Some people with bigger bet amount prefer to stop after 2 wins in a row, its up to you.
With this way you will be only focus with 1 game per session, its far more better than placing a few single-bets + parlay all together.

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Quote from: Juse14 on February 12, 2024, 12:33:11 PM

When talking about good gambling management, this is not talking about how many and big wins we get from the gambling we do. but about how capable we are of minimizing the level of losses experienced and also preventing the negative impacts of gambling itself. Behind the pleasure we get when gambling, gambling is an activity that carries a fairly high risk of financial loss, and other things such as addiction as well as the domino effect of gambling addiction itself. And therefore, it is very important to continue to monitor these activities well and always apply budget limits and playing time. And by doing this, it is hoped that we can avoid everything that is a negative impact of gambling.

Management would really be crucial into the following;

1. Fund
2. Emotion
3. Mindset

Once you do have that kind of control then you would really be definitely be able to make yourself having that
advantage since you could be able to handle yourself within gambling on where most people do really fail on doing so. This is why
it would really be that best that you should really know on what you should really be that doing because once you do have those
kind of mindset and thinking about getting rich with gambling then its a different thing i should say.

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When talking about good gambling management, this is not talking about how many and big wins we get from the gambling we do. but about how capable we are of minimizing the level of losses experienced and also preventing the negative impacts of gambling itself. Behind the pleasure we get when gambling, gambling is an activity that carries a fairly high risk of financial loss, and other things such as addiction as well as the domino effect of gambling addiction itself. And therefore, it is very important to continue to monitor these activities well and always apply budget limits and playing time. And by doing this, it is hoped that we can avoid everything that is a negative impact of gambling.

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Quote from: lombok on February 05, 2024, 02:15:47 AM

I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

Why not deal with gambling like your business? In business, you never blindly spend money and always know what you are doing and how much money you are spending. The same should be the case when you are involved in gambling. Money management is the only thing that we need to focus on while gambling, rest nothing is in our control, but most gamblers give zero importance to money management.

Quote from: lombok on February 05, 2024, 02:15:47 AM

I started to realize and change my habits. Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks

Well, you can choose any strategy that suits best for you, the only thing you need to ensure that you do not risk too much and your risk level and exposure in each game should be minimal.
I do not understand that in every walk of life, we know that discipline is the key to success but when we talk about gambling, we least care about planning and discipline. People need to change this mindset for a better gambling experience.

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Quote from: Shishir99 on February 12, 2024, 11:46:03 AM

If you are still asking for a suggestion from another gambler, you are doing it wrong bro. Everyone looks for a better strategy. The thing you have mentioned in the OP is just money management. It's important in real life as well. Not only on Gambling. You should never place a maximum bet. No matter what is the chance of a win. I remember losing three or more bets in a row with a 97% win chance. It's easy to get 5 loss bets in a row with a 90+% win chance. So, you never know what is coming up. I would say, build up your own strategy and never rely on others' strategy.

The suggestion giving by other gamblers are based on their opinion one yourself.if the suggestion giving person is more friendly to you,they will guide you in a good way.If the suggestions giving gamblers had any negative opinion on you will leads to a negative opinion towards yourself.The gambling was the risky game already the wrong direction towards the game will make you to loss more money compared to the normal loss in the gambling site.The gamblers who do the random betting in the gambling site will get the probability of losing funds with 70-80% of their capital.Analyse the game and each betting should be more unique to make huge money.

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Quote from: PytagoraZ on February 12, 2024, 11:39:12 AM

Agree with you, greed is at the heart of all losses. Withdraw the winnings and enjoy the money for fun, that's the best way I know. Continuing to play when we are already winning will usually make us lose everything. However, many people make the same mistakes over and over again, which is common in gambling. Maybe it's because human nature is never satisfied, so controlling greed is not an easy thing to do

But I like the way you illustrated it. So divide the dough into small pieces and don't let it run out

It is difficult to control greed because humans are more dissatisfied than stopping from big wins, remember when a big win happens they usually forget about withdrawals to enjoy the fun but their mindset is too much hallucination when the winning situation is that the bet must be increased again, this of course leads to defeat.

This is only a handful of people, but I believe there are still many gamblers who can control their greed.

Yes, it's a good illustration, but still use as little money as possible in gambling to avoid bankruptcy.

Topic: Gambling Management - page 19. (Read 3868 times)