Topic: Gambling Management - page 20. (Read 3413 times)

A very good point that I can take from this idea is to use the profits from one session for another session or the next session, I agree that this is a good and smart method rather than you applying greed by entering the entire amount of money along with your first capital money. This kind of method should be maintained because with this obviously then you will not suffer a significant amount of losses, for risk management issues, especially limits, obviously cannot be ignored because this is the main thing that must be considered and continue to be applied as long as you are still involved in gambling activities. Knowing when to start and knowing when to end is a very good approach, because gambling should be fun and not stressful, and with methods like this then I think you will stay safe in addition to getting fun or entertainment.

It's a good strategy but it will still depend on how can you absorb the losses. Because upon reading your statement, it seems that you lack on that part. Control. Let's say you do your own strategy and bet the profits only, what next if you lose all of it again? Are you going to try and chase back the profits by betting a larger amount from your initial capital? The cycle won't end if you don't change.
I think you have a pretty good idea on how you can conserve the capital but it seems like the emotions is what's getting the best of you. It's a normal thing for a gambler but you might want to step back a bit and analyze everything first. Maybe it's not just about the emotions that are affecting your choices but also the financial management. Create a plan, follow it, live with it, and don't step out of that line just because you want to rush the profits.
Gambling will be here forever and they will keep on making more money, it's best if we are wise about it.

Mixing up your bets and games is a good move and using profits from one round for the next is a smart shift. But to keep things fun and not risky, make sure you set clear limits on how much you're okay with betting and don't forget about time to give yourself breaks. It's important to enjoy gambling without it taking over your life

Proper management of your gaming budget is the key to success, risk management will help you avoid losing your entire deposit. If you bet on all the money you have, then this is an all-in game and in this case you will definitely lose, there is no other option. But if you bet no more than 1-3% of your gaming deposit per bet, then you will have significantly more bets and you will never lose everything in one bet. After a certain time, you will be able to analyze your results and see whether you are able to increase your gaming deposit, or whether it is always decreasing.

And because of their insatiable need to make more money and lack of resources, individuals have been drowned by their greed, and the problem always arises at the beginning. Additionally, if you lose control when it comes to your next wager, you will go to your limit, which is why the limit itself needs to be treated very carefully. and am still wondering what people will gain from being an addict. because those who are greedy do not usually get any wins, because they are always desperate, to win, they will keep losing money till they leave gambling alone and I know that it is not for everyone.


And the majority of people have greed in their blood, so they will even find it more difficult for them to be able to leave it, and they will always have an excuse to give concerning there bad habits. what people want when it comes to gambling is to always want things to go their way, they want to always want to have a win and that will be impossible after any win no matter how little it is, we should learn to be satisfied with what we have. and they will continue doing revenge gambling just because it did not favor them. and it is better not to be driven by emotions, if not you will eventually get yourself in trouble with gambling so it is better to have a clear mind and make the right decisions when it comes to gambling.

This is a good way of money management when gambling, if you keep using this method, you won't be losing when gambling. The profits from our previous bets should be shared and used for future bets and this will make you not to lose more money when gambling. If you lose the bet, you didn't lose new money but a part of the profits that you had won earlier. If you use small wagers you can use the profits to gamble for many games and you might win some of the games.

When I'm gambling and I win a big amount, I don't use a new capital anymore but I'll keep using the profits that I made to gamble and try to win more. Money management when gambling is important, alot of individuals don't know how to manage their money when gambling and this is why they keep losing and getting addicted due to chasing after their losses. Manage your money well and you'll enjoy gambling.

all the majority gamblers will get carried away when they lose because they want to quickly return capital as well as profit from their previous losses. so most of them immediately use marti, aka more bets. but financial management in trading with gambling is very different. if trading, for example, the price is wrongly predicted, it can still be staked to continue to make a profit, while gambling mispredicts the money that is put directly lost all.

Let's say you won the first batch of bets. So you only use your winnings on your next batch of bets? What if your bets on the second batch lose? Can you refrain from using your capital? I can feel OP is emotional and is having a hard time controlling himself.

The best way is to set a fixed amount of time for you to bet. Set an alarm and stop betting once you run out of time. Another one is to set an amount that you can only afford to lose. Do not make another deposit that day if you lose it all. And in case you get lucky, do not forget to stop betting when the alarm rings. Be contented mate and think that there are a lot of things to do once your betting time is consumed.

It's good that you're addressing your gambling to avoid big lossesUse the money you’ve already earned to finance a future bet to save your down payment. Be disciplined and don’t overdo it. Change your strategies to make better bets and learn about the games. To maximize wins and minimize losses, responsible gamblers balance luck with risk.

I have done this several times, only increasing the bet when the previous bet made a profit, sometimes it works but sometimes it doesn't because it only makes my gambling take longer and in the end it still results in losses because it is difficult to stop, so the point is to control yourself, because no matter how good our strategy is in managing your finances in gambling and also no matter how much deposit we make and succeed in getting a big profit if we can't control ourselves, everything can be lost quickly.
However, if the aim of our gambling is only to get pleasure, that should not be a problem because the pleasure has already been obtained, but if we can control ourselves more, of course, the pleasure will increase because there is profit to be enjoyed.

Well good to hear that you are making improvements on how you manage your funds to minimize the chance of losing all your money. We all know that putting limits to our bets will also end our winnings up to limited amount of prize depending on odds. Just learn how to survive long in gambling until your last bet, don't rush or else you end up not enjoying the game and liquidated early.

playing compulsively is NOT the solution.
those few wins deceive you that "you can do it" but meanwhile you continue to lose... only slowly.

@OP
you need to have a betting budget.
you must have a limit on your games (for example only some tournaments, sports etc etc).
start writing down each bet and analyze your way of betting, you will realize how you can maximize profits (or limit the losses) and increase your fun

Every gambler has fallen into the fire several times before learning how to control their emotions and more importantly their bankroll. And some of us more than several times, I guess it's especially applied to us who are more into slots and some other lucky-based games. But when we get burned repeatedly, we learn how to play with fire... it's either that or we burn out totally.

I don't think that withdrawing is necessary, depending on the coin he gambles with fees can be high, and moving funds all the time can be expensive. I agree that he can be happier if he avoids going all-ins just to recover his losses in some nervous state of mind, so I think that OP should try to learn how to control his gambling habits and to place bets only with some part of his bankroll. The next time when he gets into the fire and gets an urge to go all-in, all he has to do is try to focus on some other activity. When he calms down he can go back to the casino and he can start a new gambling session with a cool head.

This is indeed a big problem with multibets, especially if - like me ... - bet on games from other leagues that you don't actually know, just to "fill up" the multibet. In this case, you have to rely completely on the stated win probabilities and can only bet on games that have been assessed very clearly (1.01 : 5 : 10, for example).

However, it's also perfectly clear to me that you shouldn't place such bets on games where you don't even know the teams. That was certainly the basic problem for me.

That's what I always do! It saves up a lot really whenever I feel like playing and depositing more money. Granted it doesn't happen sometimes but in the times that it actually does, it takes out a chunk of the money I was originally supposed to bet, making me have more money for other stuff like savings or personal wants (other than gambling).

I'd definitely say it's good especially if you're a constant gambler. It doesn't matter ofc if you tend to drain your bankroll to 0 everytime you play but if you don't, it can be a pretty good thing to do. If you win big though time to bail and live a new life  .

I think most gamblers experience something like this. At least sometimes. But don't push yourself too hard because it is very dangerous for your finances.

It's not easy to control emotions, but we shouldn't chase losses too much. You should already be starting to realize the mistake. It's better to withdraw your money when you win and have fun with that money, your life will definitely be much happier...

That strategy will only work if you were a profitable gambler, as in this way you could use only the profits you obtain from your bets and eventually withdraw your seed capital, but for someone that cannot do this, which is the majority of us, this is not a strategy that is sustainable because you will lose more often than not, then you need to learn how to manage your money even under those circumstances, as you do not want to get desperate after several losses and then make one of those bets which you are used to make in which you put all your capital at risk.

what you are doing is quite good, better than before, the main thing you need to remember is mastering and controlling yourself over your emotions, if you want to play comfortably at gambling, use minimal bets and maintain your bets, don't increase them, that way you won't lose more money, if you are lucky you can withdraw your initial capital and place bets on your winnings

Really that still considered to be good since you are really just that still using up your gambling profits and not the ones that do came up into your pocket then i could say that you do able to handle yourself well
when it comes to that fund management aspect but on the time that you are gradually losing money out of your pocket or lets say that you are already getting a huge allocation from your own salary
then this is where shit things bound to happen and this is why it would really be that best that you should really be that tending to stop if you do find it thats happening.

The key on here is that you shouldnt really that make yourself that impulsive when it comes to your decisions when dealing up with gambling.

You're doing good. Gambling with your profits is a safe way to approach, but it's not all that great. You're mitigating the risk by curbing your potential to win more. Statistics show that successful gamblers go all in and play very few rounds. An example of such behavior would be that if you had a thousand dollars, you should divide it into 2 bets and see how you go. If you get 1 loss 1 win, you'll start again. If you win $500 or more you stop playing and if it's double loss you simply take it and walk away with nothing.

Your strategy makes it safe, but you'll only be playing with a small part of your money which will probably never give you a good profit. People who have $1k but keep betting $10 never make money because for the casino the more you bet the better.