Topic: Gambling Management - page 23. (Read 3883 times)

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.

If you read my post on page 2 you should know how I get funds for gambling and what happens if the funds I allocate for gambling run out.
Here: https://bitcointalksearch.org/topic/m.63616698

I am a gambler but I have not lost my sanity completely, I know what gambling is and is not the right place to make a profit, but apart from fun there is an interest in the jackpot that we might be able to get even though it is also very unlikely.

Well, if you think this is more efficient and helps you overcome losses. in fact, your initial bankroll remains safe. you can apply the idea, or in other words you can adopt it for your own benefit. but the problem is, in gambling we are often faced with various situations, conditions and our psychology. well, in order for you to remain consistent, you need discipline. the problem is, discipline is not as easy as we talk about. which means, we have to build it first. I mean, it takes practice and responsibility so that discipline becomes a positive habit. well, what we are discussing in the context of winning. but what if it were the other way around, could you involve the discipline that has been built before?

By the way, for me personally, I don't choose much betting. I mean, if I was betting specifically on football, I would only choose 1 or 2 teams that would be my sole bet. or a maximum of 5 single bets. even then, I rarely do it.  ideally, 3 bets are enough. whether winning or losing, usually I will not continue the gambling session even though there are still many matches being presented in various leagues. For me that is more than enough, if I win the bet today, then I don't need to spend any more bankroll as a deposit to gamble. You can do the same thing as I did, or with the ideas you said. Most importantly, you still get pleasure from your gambling.

Don't be too greedy, stay consistent with your bets, if you feel like you've won big, it's best to stop for a moment, open it up to tomorrow, enjoying the game will help you, don't get carried away by emotions in playing your main key if you don't want to lose more

Injus wanted to ask, what happens when you don't win from your previous bet? How then do you get to fund your next gambling activity? This Strategy won't help you that much from losses as you still need to fund your betting account when you maybe lost all your bets.

It's a good idea though as it will help you minimize your losses which is totally inevitable in gambling. The best way I can think of for you to use in growing your gambling funds is to reduce how often you spend on gambling and how greedy you get when placing bets. This way, you will just be able to reduce how often you make huge losses and equally help you save some funds for next time bets.

We can lost a bet with a single bet and also if it were to be aa multiple bet played, there's nothing that we cannot afford to have in gambling, it's all about trying out our own luck and how we understand the whole thing about the game requirements, but when we are gambling, we should always be mindful of the losses we made and the risk attached on each category of bet played with their chances for winning or loosing.


If there were other means, nobody will choose the hard way leaving the easiest one, when we gamble, we remain unsure of what may be the outcome of the gambling bets we made, so if you're not ready for the risk, don't even try it because it's a game of winning or loosing if you gamble.

Talking about preventing greed is very difficult, especially since every human being has a different sense of curiosity. Maybe after winning big there are gamblers who feel unsatisfied and end up betting again. Without realizing it, the money he just won actually disappears again and that's when there will only be stronger feelings of anger and greed to be able to take the money he had bet earlier. I think it is very difficult to stop greedy behavior unless they are aware and have nothing else then they will start to give up.

What you said already accommodates everything that needs to be said, gambling management really needs to be paid attention to. Experiences like this very often happen to novice gamblers, I have several friends who like to place bets on soccer gambling, and it is almost certain that they do not have time to enjoy the profits when they win, because their habit is to use them again to bet and play slot gambling. In the end, the initial capital will always run out, they just enjoy the pseudo fun, and enjoy it by telling stories to other friends.

The cycle of gambling without management does seem wrong, if you are continuously addicted to gambling, and every time you want to place a bet you have to raise capital, then that is the gateway to ruin. Controlling emotions so as not to be greedy is the real key, even though it cannot always be controlled, it can at least help a little to reduce the high losses that can be caused. For gamblers, there will be reasons given when they lose, and when they act carelessly they only regret it for a moment.

If you change your habits that's good, because your potential to lose more money can certainly be minimized. At least you can still play gambling longer, that's very good.
However, if you hope to grow your money at the gambling table, then you must really be able to control your addiction.
Stop when you lose too much, because you need to rest. When you win, immediately secure some of your funds to secure your winnings.

This don't just happen to you but to most of the gamblers. When you guys have won big already, don't forget yourself and secure some profits or the actual bankroll that you've started with.

Great, this is what I am saying that everytime you win. Save the capital or set aside the profit.

Yes, it's a good one. But to overcome your losses, you need to be consistent on this. We're gamblers and we know that most of the days, we're not winners so just retrieve in saving every time you win.

Sometimes I use Martingale, sometimes I also use D'Alembert. What makes us run out of $$ may not be the technique or problem of single or multi betting, but rather the defeat experienced by our chosen club when it comes to sports betting. Before that, when I first started playing sports betting, I was passionate about placing bets on every match that was about to start, even those that had already started. We know that sports games are very unpredictable, those who initially win can lose and those who initially lose can win or even draw, especially if we don't really know the two teams that are competing.

After I carried out continuous evaluations, what I got was that we don't need to bet every day or in every match. Just do it in a match that we know the capacity of and has a big chance of winning.

I also realized how wrong I was in multibet betting.
Last week I won a multibet with odds of 15.00 but after doing a multi bet again lost and tried again but still unfortunately had to lose again, but a little more upset what I said earlier was only one match that failed that's all.

Sometimes I like to wonder when the match is not watched and the bet is forgotten even win, when the match is watched and always check other matches even lose not according to predictions.

That's how betting in football what I feel.

True with multiple bets there is a different sensation, but when I do this single bet it is a little different sensation.

Do not be all about the money man. I tell myself this too when it seems like I am getting carried away just I am telling you. I tried this sometime in the past when I don't give a second thought as to re-staking my wins on a bet. It happened a couple of times until I had to speak to myself. It doesn't end as a good story. I wanted the money all to myself and I wanted more. Thank goodness something came along and I had to pause gambling for about two weeks. That was the wake up call I truly needed to know that the main reason for gambling is entertainment purposes.

It is good that way, you know when you lose your profits and the whole capital at the same time it annoys more than losing only the profits.
When you lose your profits, you will only have the capital and the capital you worked very hard to achieve it, so it is not a bad idea to use only the capital and rebet another games while the profits has been taken from the winning bets.
We want the big money what is why many of us normally bet with huge amount of money but gambling is based on luck, so your life might change mostly when you have win a lot of money (Millions of dollars).
One of the ways to win such amount is when you have gambled with big capital, although the more the capital also the more the risks. So you don't have to put all your mind on it.

It's greed and we are all once like this, until we learn or we choose to learn from the lessons, because not all gamblers are learning from their mistakes, some are too blind with their own believes.

It doesn't took me very long to understand that once you win from gambling, you should save your initial and use some part of that money for a long period of gambling time, I mean in weeks to come or even months, depending on how big is the amount that you won.

There was a time that I use $40 to win a bit over a thousand dollars, I took out like 80% of the money and I keep using $40 three times in a week for a long period of time, it was a very good plan that came in handy, there was another similar time in the past too, and I use that money to buy some bitcoin and withdrew into my cold wallet, be smart when you are making money, tomorrow is not promised.

The interesting thing is that I met a person I know yesterday, he is one kind of gambling addicted person. He shared an experienceof him that he made 6k dollars by multiplying 200$ but because his greed was extreme, he stopped withdrawing the reward money. He gambled again and as a result at the end time, he lost his winnings rewards of 6k dollars. What is more interesting than that is that he gambles in some local online casinos. What I always avoid because of their phisie bonuses.
I will give the same suggestion to you that I gave to him, if you want to gamble, first of all you have to bring self-control in yourself, and always take gambling as a fun purpose, whenever you go to gamble for the sake of money, there will be more chances of losing your money. Moreover, you should always gamble after setting a certain budget and limit. And always keep remind in mind that gamble as much as you can afford to lose.

of course, placing multi-bets is so exciting and thrilling especially if you are very familiar with the sports and the series of matches. but should also remember your bankroll. are you within your limits? can you afford to lose all your multi-bets at once? do take note that even if you tell yourself that you are very very familiar with the athletes, sports and everything about it, upset is always on the corner and so your chances of winning is always not 100% guaranteed!


ok given the fact that greediness is always part of human nature. one should always remind himself about himself on this matter. of course, you can't say that at some point you forget yourself on this accord. but if you still have the chance of reminding yourself, do it before you plunge deep and hard to get out.

also, aside from using only the profits for your next bets, you can also invest the profits in other tangible assets. small assets like gold jewelries - easy to buy and store. and if you hit big, why not try to explore the real-estate, small piece of land, right?
so in short, you can look at these alternative options other than additional bets, you can put your money into -
- gold jewelries / precious metals
- real estate
- small business
- time deposit
- advance education
- buy btc or other top crypto