Topic: Gambling Management - page 21. (Read 3870 times)

Yes this is definitely a good start towards your gambling journey.

Always remember- always pay yourself first. Meaning, set aside the money that you initially used as your gambling funds so that whatever outcome that may happen, the worst possible thing that you may experience is having a breakeven game. This prevents loss on your part since you are gambling the proceeds that came from your initial funds for gambling.

For long-term, however, this may backfire due to the presence of house edge. If you truly want to gamble and profit, then try your very best to NOT make it a habit and view gambling as an activity that is primarily exercised once-in-a-blue-moon.

This is because in the end, things like this should be used as a benchmark for gamblers where the self-control that we do must really be able to make a real impact so that our gambling does not exceed the limits of the strength that we expect.
Stopping when you win or stopping when you lose is sometime   very difficult to do because we have an ego where when we win then maybe it is our day and will try to get more profit. Likewise, when we feel that we lose with high stakes we will definitely think about how to restore the loss on the same day.

This kind of thing is sometimes difficult for gamblers to anticipate but this does not mean it cannot be done, it's just a little time consuming to be able to control conditions like this because after all, sometimes at some moments we ourselves destroy the hope that we have actually made a reference to become a responsible gambler.

Maybe start with learning how to discipline yourself first. yes, there's a way to win or grow your money in gambling but it does requrie a lot of discipline. Even if you will find the strategy to win but the lack of discipline will kill your bankroll. Winning in gambling specially in sports betting is a long term process, which means you are going to experience winning and losing many times, but the goal here is to have a winning percentage of over 50%, getting 60% is already a huge success.

Back to being discipline, with that high win rate, you'll be able to become a long term profitable with the right bankroll management. Everything should be plan, if you plan to start betting $20 per bet, stick with it, never loss control and think of chasing your losses.

But the fact is that it is very difficult to put aside greed when they come with the intention of making or multiplying the money they bring in, as you said, it is a fact that they will be even more greedy when they succeed in winning and it doesn't matter how much the winnings are, even if the amount is very large. but for typical gamblers like that they will never be satisfied with whatever they manage to get, on the other hand money is the object of winning in gambling and while as we know that everyone needs money and this is the reason why they always go overboard to chase something that actually there is no certainty.

In fact, however, you will never be able to stop, even just take a break, if basically you come with the aim and intention to produce because obviously they will always assume that they will be able to get a much bigger winning amount when they succeed in getting a win in the sense of applying greed which is the idea that they have in mind is to put back all the money they managed to get to put it back at risk for something bigger, on the other hand what they worry about is when they are unlucky and end up losing and obviously in a situation like that it is not easy to ignore emotions and this is what they are afraid of because when emotions dominate then it is clear that they may experience a much worse situation.

Only a few could really be able to get out or secure their profits on their gambling sessions on which its true that majority will really be just deciding on keeping their wins and would continue on what they are doing.
Majority will really be thinking that they should really be playing more since they do still have that luck on their side on which they would really be thinking up this way.In result those winnings would really be spending back again into the casino on which we know that luck wont really be that always be at our side when we do play gambling.If ever you do able to win up more with that particular gambling session then its good for you
but if not then you had just wasted up your profit that you had made out earlier.

We do know that profit is profit and you should really be knowing on how to call it a day and spending out those profits on other day.If you are really that minding about on
making some fun with gambling then this wont really be an issue for you but if you are really that minding much about in speaking about making money
this is where desperation would be kicking in. This is why it would be best that you should be having that realistic approach at least.

The most of the gamblers will get more greedy after the winning from the gambling site.The gamblers who use to cash out after the winning was low,because the gamblers should learn to satisfied with the profit from the game.Some gamblers was careless and play further games to set some high target from the reached target.Some unique gamblers use to increase the target till the winning was possible in the gambling site.

The gamblers had full right to choose the many gambling site,but the problem is sometimes the gamblers get into the web of the scam gambling sites.The greedy interference will cause the gamblers to loss their money which was earned as the profit from the gambling sites.

Yes, because most people have difficulty in considering what to do when they are in a winning situation, only a few are able to agree with themselves to prefer cashing out while most others are too careless and too confident and think that they will be able to get a bigger amount of winnings so greed is the action they take at that time, not least because of the hope for something bigger that actually still cannot be sure whether it will work out will end up with a much worse situation.

On the other hand I understand that every gambler has the right to choose whatever they want, but only a small percentage of them can choose decisions that have really been considered from various sides rationally and applying greed is one action that is too risky, it doesn't matter if they are able to take responsibility for it but I think with the action and intention to get bigger results then from there alone we can already conclude that most likely they will not be able to accept the fact of defeat at the end of the session if it turns out that the results are not what they want, and this is the initial scenario of someone entering the addiction phase.

This is the best approach to things as far as gambling is concerned because getting off after a win is the best formula to stay away from losing in the long run because gambling is often best when one applies some form of caution to everything you do.
 After all, the inability not to quit gambling at some point is what has led to so many losses for many players, I have experienced this before and I know what it means not to withdraw when you already won a good amount of money from your gambling session.

One of the must thing to have as a gambler on which you do really know on what you are doing on which this is something very important because you wont really be putting up yourself into such desperate condition just because you have done it well when it comes to control and moderation on which this is something you do really need to do for you to be able not to make yourself
messed up with gambling. You do need to manage not only with your funds but also with the emotions that you do have so that you wont really be messing up yourself when it comes to this manner.
People do mess up on the time that they would really be that become impulsive with their gambling activity and decisions made.

The gambler who learn the mistake in the gambling site should rectify in the following game.If the gambler understands the mistake and doesn’t implement in the real game means the gambler going to loss the big moey.The dancer example was good to hear,because when the stage was closed because of the less audience conditions.So the gamblers who start to loss the money after some days of big winning in the gambling site.So they condition will vary to player to player.With the same game the gamblers also make the huge amount of dollars or loss the money he won in the previous games based on the luck?

You have done the right thing in gambling, not to add more money to gambling so that you can enjoy gambling. If you can maintain your way of gambling, you will not experience any problems because you already know that gambling is for fun. But don't even think about chasing the jackpot because gambling is very difficult to get it, so you don't need to do it. What you have to do when playing gambling is just enjoy the moments of gambling and enjoy the bets you make. Moreover, you just let the jackpot come to you one day so that the jackpot will not influence you to continue gambling because it will require a lot of money to be able to get the jackpot, and even if you use a lot of money, it doesn't guarantee you can get the jackpot. So instead of taking too big a risk, you just need to enjoy your time doing gambling activities so that you can stop gambling whenever you feel like you've had enough gambling.

I think you shouldn't start looking into jobs or ways for you to really afford a ballin on your gambling sessions. Why? Well simply because it's not funding that you're having issues with, but the proper way of managing such. It doesn't matter if you got a million or a nickel, you're going to lose all your money from gambling with that kind of attitude. So, how do we solve it? Well, first let's introduce you to min-maxing/managing your bankroll. You have to separate it from your dedicated financial wallet so you don't end up using your food money to gamble. And yes, if you can't afford to dedicate a gambling budget then that's all the more reasons for you to drop gambling. Now that you presumably have a gambling wallet funded well enough for you to facilitate a couple of games in a row, the building of discipline never stops there. You also have to learn about loss mitigation and win preservation.

Loss mitigation as the name implies includes strategies and techniques that would ensure you don't lose incessantly when you gamble. On the other hand, win preservations ensures that every win you bag is secured, no matter how small that is.

Personally I incorporate a 3 on 3 win-loss limit whenever I gamble. Which means I automatically quit gambling for the day/week whenever I hit either 3 losses within the session, or 3 wins for that matter. in theory this will either ensure that you don't lose as much money since even if you're unlucky 3 losses is so recoverable, and every win you get you're able to secure the most of.

Lastly, make sure that your gambling expenses and living expenses are held separate. You do not use a single dime of your living budget to support your gambling sessions, and vice versa. This ensures that you don't depend upon your money when the money gets tight, allowing you to build the discipline to gamble responsibly.

    It a good thing you were able to realize your mistake, that doubling stake is just not so wise, you should not forget that no one can beat the house. And if you are seeing your wins it’s wise for you to step out for a while. A good dancer should know when to leave the stage or else he will ruin the show. Same implies in gambling, a responsible gambler should know when to take a break from gambling.
   And if you have to bet, and you get lucky to win take out your wins and leave your bet, betting responsibly is the only way to get the win. Take a break from betting when you engagements is too much. Gambling is not what that can set your financial freedom free, instead it will end up ruining your life and the people close to you. I’m sure you would I’ve had better insight about gambling now you’re active member of the group. It not bad to ask for assistance and clarification from the forum at least with that you  can get other people opinions and try to make out the best decision from it.

You need to start planning your gambling. Even if its with an excel sheet, keeping an overview will help you stay grounded in how much you lost, how much you won and how much is left.

Personally, I also add personal rules to my gambling visits. One such rule would be to not lose more than a certain amount of gambling funds per day. You can calculate the amount of negligible loss based on your disposable income. I myself do not gamble with more than 10% of disposable income (after paying monthly bills, expenditures and so on...). And I divide that 10% up by 30 days for the daily gambling fund.

True because the most important thing is to have good management of the money allocated to gambling activities, although on the other hand maybe I would say that good management of money is when you don't gamble at all but on the other hand yes we understand that everyone has their own choices and decisions and that means it doesn't matter if you choose to gamble as long as like you said that we must be able to be a responsible gambler in the sense of being able to accept whatever the risks are and in addition to that always use a small amount that you can afford to lose because with this then you will not experience many financial problems due to defeat, and when you win there is no other decision it is best to immediately cash out and enjoy it and save some for gambling in the next session. Putting all the winnings into gambling again in the next session is a very bad idea and too risky because it is very likely that in the end you will really feel sorry that usually the inability to accept the fact of losing always makes gamblers take actions out of control that tend to make them lose more.

It's risky to enter this arena without a clear brain and plan. Here's where it becomes tricky - even those with strategies get lost. In pursuit of prospective wins, they ignore the blueprint. Like architects neglecting their ideas and watching the edifice crumble, this second group.

Following a plan requires discipline. Self-awareness of flaws and triggers is needed. It requires severe self-honesty, recognising when the plan is being ignored, and the strength to retreat. Money management in gambling involves regulating emotions and expectations.

The truth is that both sorts of gamblers disrespect gambling math and psychology. Healthy gambling and financial management need self-awareness, insight into odds, and consideration of long-term consequences. Abandoning their idea shows a shallow knowledge of these principles.

I agree with the last part of your post, but not necessarily with the first one. I mean: it doesn't matter where the money you spend in gambling comes from as long as you have a plan and stick to it. For some, it can be more interesting to withdraw after a winning session, and deposit in the next one, so they feel they are in control of their money. On the other hand, if you win big and use it all for to continue gambling, you'll eventually lose it all.

But yes, the part about setting up clear limits and applying them is the best way to be safe and avoid making bad emotional decisions.

There are plenty of different ways to implement better ways to gamble, and I understand agree with most of them as long as the yare followed. There are two types of people that have trouble with gambling and managing their own finances, one of them is the most common and cliche, people who just gamble without any care or strategy or management and just gamble with their gut and do whatever they please, there is no mathematics involved with their gambling, they do whatever they want.

Second type of people is a little bit different, those are the people who do have a plan but they end up not following up their plan and go out of their system. The second one is the scariest, because they already had what they should do to stay fine, but they failed to follow that, it's scary to have that happen.

As long you are still that making use of your previous profits from gambling with your current gambling dealing then it should be just fine, comparing into those people who do keep on
pulling up fund or money into their pockets just because they are really that impulsively dealing with gambling on which we know that this is something which isnt really that good at all.
You would really be having that kind of disastrous outcome if you do keep on having that kind of impulsive spending. There's no way that it would hurt you out if you do just
simply make those gambling thing with your previous profits and even if you do make use your own money then its none others business on what you are really that doing.

Every gambler will have their own way of managing finances, winnings and how to respond to every decision they make.
Maybe you think this method is the best because it can minimize losses on large scale and can take advantage of winnings without having to add sum of money that perhaps shouldn't be used for gambling.
But I personally think this method is still not appropriate because the goal and desire to have fun will obviously only use money that I feel is not more than enough.
That way, in every betting session, when you have win, can make the best use of that win and can enjoy what we should have.
I will be quite regretful if I make the wrong decision and that is why I will always consider everything and be really careful in every decision I make regarding what is happening and what I have.