Topic: Gambling Management - page 22. (Read 3868 times)

We all have that kind of experience I call fatigued where you become bored and want to try your luck by putting in everything, you're lucky if it goes your way, but there was a time when I unknowingly put everything and hit rolled I was shocked to find out that I double my bankroll because I did not now that I have put all my bets I could have loss all my bankroll and it's not even the start of the week where my bankroll's allocation is for a whole week.

The best way to do this is to have a relaxed mind and control your bets sometimes we unknowingly do things that are contrary to our  plan

Always be in control be mindful when you're betting, think that you can lose everything with one carelessness

In any case, especially in real life, budget management is really necessary and must be considered and this does not only apply to gambling involvement, but budget management is a very important thing that you must have if you are basically a fairly active gambler, because of course one of the reasons is because gambling always has no certainty to give you a win, the results at the end of the session are always unpredictable and therefore putting a small amount that you can afford to bet is always recommended as a prevention so that you do not suffer a significant amount of defeat.

Putting all the money you have for the all in method is really a dangerous mindset and choice because as I said above that there is no certainty whatsoever in gambling to be able to get a win, and the fear is when it turns out to lose and of course very few people can accept the fact when they are in a situation like this, most of them eventually get emotional and act out of control which of course will make them end up with more losses. On the other hand whether you are going to do double or single bets on the other hand you still have to bet a small amount or whatever you can basically account for, this way you can minimize emotions and things that are not wanted at the end of the session when you lose.

Every gambler must be smart in managing their finances in gambling and also manage their gambling with good control and it is also important to use good strategies such as using profits for the next bet so that they can withdraw the previous budget capital and then bet with profits that do not have the risk of losing there either. risk free, the most important thing is not to be too monotonous playing just one game which might be boring, try using several other games and bets to try your luck at gambling.

So far I have also implemented good management and the most important thing for me is setting a gambling budget so that the gambling I do is within the right limits and the time I spend gambling is also limited, for example a maximum of 2 or 3 hours, after that I have to stop whatever I will still stop the game when it has passed the maximum limit of more than 3 hours because rest is necessary after gambling, being consistent will make us much better and avoid gambling addiction, that is important if we can manage everything well, but everyone has their way themselves, are not really the same as other people in managing their gambling.

It is indeed very difficult, but we must keep trying to prevent greed from controlling us because when we are careless and cannot prevent it, we will only see an opportunity to win, which is untrue. Continuing to gamble without preventing them from using more money will only make them experience more losses. The winnings he has obtained should be able to make him stop his gambling activities and withdraw his money to enjoy with those close to him. It takes awareness to see the signs that one's greed is starting to grow, and one must always practice this to prevent bigger losses.

When we lose self-control in gambling, we will only use more money, and that will be a sign of greed that will spend all the money without realizing it. He will realize it when he can no longer gamble, and when he checks his balance, he finds no more money. That's when he realized he had made a mistake because he lost control of himself. And greed will come quickly without us being able to realize it, and we will only regret it when he has finished gambling. And those who are greedy will become desperate because they have lost a lot of money that cannot be recovered.

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...