Gambling Management - page 24. | Bitcointalksearch.org

Lorence.xD

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Quote from: Cookdata on February 05, 2024, 12:41:48 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

Do you have a Bankroll on your bets? If yes, then you don't have a problem to begin with, what you need to tackle is that "forget" you talk about. If you are serious gambler, you can't say you forgot and misuse money that you are meant to keep if indeed you value the practice of management in gambling, you need to deal with that first and then we will now talk about your gambling techniques. Single bet is the easiest way to win but you can only enjoy it when you have much more, multiple is risky but if you play well with your options, you will make 5x times of what you can make in single bets in a month, only if you are good in it.

I'm a the type that love multiple bets but u do them when I know that it will be favorable and I have win many times than I have lose them. What you need to know is that even if others share you their ways of gambling, you can't fully grasp it untill you have experience it and you will have to lose in the process. Instead of trying new ways, why not improve on your techniques and the clean the mistakes you repeat all the time.

I think he won't be helped with strategies to win, given that there's no such thing which will guarantee it in the first place. Obviously, he is in need of strategy to avoid losing everything that he has including both bankroll and profit. And as we all know, best thing to do is to improve self-discipline and not only bankroll management. In sportsbetting as an example, you will be offered with various matches and you happened to be only familiar and interested with the last 2 matches, what would you do? In may instances, gamblers would be seeking to bet on each game than to just bet with who you are familiar with. Well, no assurance of winning eitherway however, risk is for sure less with the team you know things about simply because you would be able to gauge which team between the match up, is more likely to win. Same thing goes, but not exactly the same, with other games. If it is pure luck based games, you will be having trial bets and if things are not going too well, then you might consider taking a break. Do some trial bets with small amount, I think this will help as well.

Lakai01

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Quote from: BABY SHOES on February 05, 2024, 12:28:59 PM

But what happened from 4 multi bets only 1 lost and the rest were right there is always disappointment and regret at the end, but I realize this is gambling anything can lose and lose all.

Unfortunately, I am also a multibet victim, completely through my own fault of course. I was extremely lucky some time ago and managed a 5-bet with a very good multiplier. Unfortunately, this has since been a one-off event and I have probably already lost the winnings from that time Wink

However, I have to admit that such multi-bets are some of the most fun for me and the thrill is simply much greater than with "standard bets".

Cookdata

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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

Do you have a Bankroll on your bets? If yes, then you don't have a problem to begin with, what you need to tackle is that "forget" you talk about. If you are serious gambler, you can't say you forgot and misuse money that you are meant to keep if indeed you value the practice of management in gambling, you need to deal with that first and then we will now talk about your gambling techniques. Single bet is the easiest way to win but you can only enjoy it when you have much more, multiple is risky but if you play well with your options, you will make 5x times of what you can make in single bets in a month, only if you are good in it.

I'm a the type that love multiple bets but u do them when I know that it will be favorable and I have win many times than I have lose them. What you need to know is that even if others share you their ways of gambling, you can't fully grasp it untill you have experience it and you will have to lose in the process. Instead of trying new ways, why not improve on your techniques and the clean the mistakes you repeat all the time.

Rufsilf

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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

We all have moments when we feel greedy, not satisfied with what we already have, and wanting more. This is similar to when you make a mistake when betting, but it's good that you realize it, feel motivated to move past it, and break the bad habit.

If your next wagers prove to be profitable, your accumulating gains may result in a sizable return. Since you're basically playing with house money, I believe that using your profits rather than your initial cash helps protect the amount you are gambling with. However, if your bet loses, you will forfeit both your initial investment and any collected profits, which can be a serious loss, in my opinion. Because of the unpredictability of financial markets, depending exclusively on growth could put you at risk for increased volatility.

letteredhub

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Quote from: mindrust on February 05, 2024, 05:01:33 AM

That’s smart. Another smart way is establishing a passive income source first before gambling. That means invest first, have fun later. Most people do the exact opposite of this and that’s why they are always poor. Alternatively you can only use a percentage of your monthly income on gambling if you really have to gamble. Let’s say only make bets with 5% of your income and if you win, create a different plan for those winnings. Don’t wager them all too. If you lose, wait till next month.

From the Op of the young man I think it explains much that he already has a job that's a source of income to him and which is where he gets most part of the money he uses to gambling of which he later gamble all to the point he falls into debt. I think his problem is greed and not actually a lack of other source of Income, for him to get a win and still go on using the profit from that win to gamble that he loses it down to the whole capital then there's no other way to describe that but greed because if he was satisfied with what profit he had made he would have just quit for that day and rest. The good side of his story is that he realizes that he has a problem so like you said, he just need to create a different plan on how to use every profit made, maybe that will help him not to continue after he's made any profit.

BABY SHOES

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Sometimes I'm the same as you by blindly placing sports bets out of greed to win more in the next bet, it's human nature but you might be able to manage your money well after winning the bet.

My scenario in sports gambling (even if it's a small amount).
First I place a multi bet = win, then seeing the next match is interesting to bet I also make a multi bet again hoping from the previous bet winnings can increase in the second bet.

But what happened from 4 multi bets only 1 lost and the rest were right there is always disappointment and regret at the end, but I realize this is gambling anything can lose and lose all.

For me there is no more unique way unless you deposit a small amount, when you lose you will not be a burden on your mind but if you win you have to withdraw and set aside a little in your account.

topbitcoin

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Gambling must be done calmly and with full control, so that when we gamble, we are required to have good emotional and self-control. And to protect ourselves from uncontrolled gambling which could push us to impulsive behavior which can only lead us to continuous losses, it is important for us to always be able to set maximum limits on deposit limits or the amount of money we can afford. spend it on gambling. Apart from that, to maintain balance and productivity in our lives, we must be able to set limits on the time we dedicate to gambling. And what is no less important than both, we must be able to respect a decision regarding the boundaries that we have made ourselves, because once we violate these boundaries, the mistakes will continue and in the end we will always ignore them. these rules.

maydna

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Being greedy because you managed to win from gambling is something that we must prevent, especially since it has happened to you many times. You should be able to immediately prevent this from happening again in the next bet, especially if it just happened to you. You can use the method you just used, and it can save your initial capital, but I suggest you remain careful because greed can come back to you, especially if you can win again. Greed will tell you to place a bigger bet than before on the grounds that you can get a bigger win. If you can't control yourself and prevent that greed, the same thing will happen again, and maybe you will lose all the money you have.

abel1337

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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

You absolutely need to learn how to manage. If it happened so many already, you should make sure that it will not happen again next time. If it became a habit of yours, try to change it by withdrawing your initial capital and your profit and use the remaining funds to gamble. Try to write down the things you need to do when you win on a paper and stick it beside your monitor, it will be a good start as you will notice it every time and familiarize it until you make it an habit. I guess you also need to have a proper financial management because it seems that you can't control yourself from this kind of things, it would be better to try to avoid this kind of habit now because I'm sure it can lead to addiction. This is one of addicts symptoms, they always forget the value of money they are spending on each bets they do.

Zanab247

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Quote from: taufik123

I do that too, always using all the money I got from a big win in the beginning, and it will run out in the end.
The self-control not to use all the money is still not good for me and is still affected by greed to bet all.

That is a bad habit someone needs to change from gambling because, it can make some to regret when you finish all the money your won in the gambling center at the moment without going home with some thing.

Quote

But if you've started changing those habits, that's good enough.
There is effort and management that you are trying to do.
But it must be clear what percentage you will use and what percentage of funds will be reserved,
so that there is no excessive use of funds when gambling.

I personally budgeted $5 daily in my gambling either win or lose I will gamble and, it has been helping me to stay long in the gambling and it has helped me to learn a lot of things from the gambling center too which my winning is plenty than loss and I'm very happy with the system and you can also apply the same system to economize your funds in gambling.

Fiatless

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

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

You just got yourself a gambling plan, it might look simple but it can help you to control your losses. Using some of your profit for gambling and keeping your initial deposit is a commendable plan. For me, I follow my gambling plan no matter my losses or wins. If I am not fortunate enough to win after exceeding my budget for the day, I will quietly stop betting. If I am lucky enough to win, I will not still exceed my gambling budget because I also use my gambling wins to take care of my needs.

Findingnemo

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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

This isn't a great strategy and all you need is one losing bet to lose the rewards you made and in gambling it's more often comes than winning so I suggest not to follow this strategy at all.

If you feel you are exhausting your balance then what you need to do is to decrease your bet amount and I would say keep it as low as possible to have logetivity in your bets that can satisfy your gambling urge as well as higher the betting number then more longer you can feel win than one bet strategy.

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

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

Using profits coming from your recent bet is a good alternative i've used the same strategy before, but it's best if you can be strict with your bet sizing, like sticking to a 1-5 rating in terms of confidence per bet instead of using your profits in one go because you can't count out the possibility of losing several bets in a row.

I'd suggest adding an objective of prolonging your bankroll so you'll be discouraged from making aggressive bets.

Jody.Drummer

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This is the importance of why we must be able to limit the gambling activities that we do based on the right understanding, because after all gambling is nothing more than a game of probability which means only a game of chance which means you can win or lose at the end of the session, I'm sure if you already know that gambling is an activity that involves risk then obviously you will not dare to take actions that you are basically unable to account for when you lose, and also do not consider gambling as a place to earn because with this usually greed will be very difficult for you to ignore, in the sense that you gamble with the aim of always pursuing a much bigger win. But on the other hand, thank goodness if now you have been able to change your approach in a better direction by first securing the money that was made as initial capital and continuing gambling using pure money from the winnings alone, I hope you can maintain this change.

terrific

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Whatever works for you, must be the one you are doing. If taking profits and having a portion of it to save for you to be able to gamble again works, no doubt that it should be done by you and keep doing it.
We have our own ways of keeping ourselves on track when we gamble and as long as it's not giving you a hard time to gamble again next, that's a good strategy that you're following.

alani123

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In terms of budgeting, if you run out of funds, you really need to zoom out a bit and think further than just gambling.

You NEED to start counting your spending.
And I don't just mean the bills and important transactions. Even if you spend money on a singular piece of gum or a bottle of water at a store, count it in. There are great apps to count your spending. In the past I have used My Expenses from F-droid. It's an open source free app that is actively developed and donation supported.

At this stage, I would recommend stopping gambling all together until you can sort things out to begin with. After you count all your expenses for a month or two, consider based on your current income, how much you're setting aside. Really if the amount of money you can set aside is not satisfactory, you should reduce your gambling dramatically. Only gamble with a very small portion of what you can actually set aside.

Twentyonepaylots

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For me, I think the things that you should do are: first, discipline. You should be disciplined when gambling, stake what you can afford to lose, and set a budget that you think is okay to lose if you ever go zero on gambling. Next, don't let greed take over you. Sometimes I get greedy whenever I win multiple times on a single day. I tend to bet higher because I know that luck is on my side, but I end up losing. When you lose, you tend to get frustrated and want to take all your assets, so you'll bet higher again. If you lose, then this will be a cycle, and you'll end up at zero again.

Also, you should set a minimum amount of profit when betting. For example, for today, you want to win $20. If you already have that amount of money, then you are done for the day. Don't bet it again to win more. Most importantly, take a profit every time you win.

Westinhome

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Quote from: moneystery on February 05, 2024, 10:34:48 AM

agree that managing bankroll is quite an important thing that gamblers need to do because when they cannot control their bankroll and play as they wish, then it can be predicted that their gambling will not be good for themselves. so a gambler needs to manage their bankroll and be disciplined about it. maybe at first it will be difficult, because they are used to gambling as they please and there is always a desire to gamble more, but if they continue to be trained and disciplined towards this then gamblers can gamble more responsibly and with an allocated bankroll.

The gambler who do gambling should be able to manage their own bankroll,because many gamblers do not use to maintain their balance.They will do gambling and if they win they will go for the entertainment and vacation trips.But if they loss the entire money,they will start to ask the loan from their friends.With the current economic condition,not all the friends will support you in financial.Only the close friends will help you with their money,So the loss will make you get into the financial imbalance.The gamblers always get loan from their friends at the needed situation due to the loss.Avoid of taking loans and increase your gambling winnings.

panjul07

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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

That's good method to be used in gambling, at least you can minimize the chance to lose all (winnings + initial deposit).
Now the question is, when will you do it if you do not have a target or a limit when you are on lucky moment of winning?
You need to have a plan before start, when will you withdraw your initial deposit? Will it be when you make 10-20% profit, 30-40% profit or when you have doubled your deposit?
A plan is still not enough as your greed when you are on winning may kill the plan, so you need a loud reminder on yourself when you need to withdraw your initial deposit.

killerfrost

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Winning big on a small bet? Awesome! But don't go all Hollywood and start betting the farm. Remember, that small bet was your lucky charm, not a magic money machine.Multi-betting? Think of it like spreading your pizza toppings too thin – sure, you might get a little bit of everything, but you won't be truly satisfied. Gambling ain't a guaranteed path to riches, that's for sure. But if you play smart, set limits, and know when to cash out, you can walk away a winner.

Topic: Gambling Management - page 24. (Read 3883 times)