Topic: Gambling Management - page 26. (Read 3883 times)

I believe it is indeed a good first step towards managing your bankroll in a more responsible way when you place bets in a casino, though there is much more you can do to make sure you are not being reckless with your own money in the casino.
You could establish some earning threshold so you will use part of the money to won to buy things you want or need. You could set a 40-50% of your totally sessions wins not only to gamble, but to buy clothing, meals, a new phone you may want. All that would be in order to make the profits of your gambling sessions to be tangible and enjoyable for you.
In the end, even if you have a very lucky day and end up with a good money, those are just numbers on a screen until the moment you decide to withdraw it and spend it on things which will make your life better.

I hope you have good luck in your future bets, by the way. Losing in the way you describe, even after winning, must be devastating.

This is the most common betting strategy that I’m using whenever I’m playing a game with 50% chance win. The only difference was I wait to win at least 2 win streak before I bet using my profit only so that I can guarantee that I’m betting enough in case my like will continue longer.

The only problem on this strategy is when you start your game with losing streak since you can’t start adjusting your bets since you don’t have any profit yet but this strategy in general is good to use as it controls your bankroll properly. Although you might be bored once the game took longer especially if you are just experiencing a loop of win and lose.

Just continue with the strategy that you're doing now because that's what I do most when I gamble  to avoid losing and scraping a lot of money and it is effective. One of the things I've learned in order to slow down the successive withdrawals of money, I choose to stick to the capital amount I have and I need to stretch out and think how I can grow that money, and once I win, the amount that I earned is what I will use again in the next gambling session while the initial capital that I used is already saved and secured. It seems that I will just keep all the winning amount that I receive without taking money out of my pocket.

I'll say this is the same experience of almost every gambler, myself inclusive, sometimes I'm glad I used all the money I made from the previous bet to place on the next one because my profits are doubled, Sometimes even tripled, and sometimes I'm left with nothing but regrets after loosing everything.

I've come to realize that this is a very bad habit that is fueled by greed, no matter how small, a profit is a profit, and it should be removed, there's no point gambling when you're still going to loose everything you've won all in the name of trying to round up your bet with a x2 win, that's too much of a risk to take and I've only come to that realization.

What I do now is, whenever I make a win, no matter how small, I first of all, take out my capital and also take out at least half of whatever profit I make and withdraw them back to my account and then whatever I'm left with, I can decide to go try my luck again, and if I win again, I repeat the same process and if I loose, I know I didn't loose everything.

Jahahaha every game in gambling is all about money and winning. That's what I thought when I first entered the world of gambling. Maybe even now it still is, although not as bad as before😅


Gambling can be a business, this applies if we are the bookie or owner of the gambling site that runs all the games on it. If we become players, our chances of making a profit are very small, I think.

Yes, thankfully I have started to change and don't play stupidly like before. Saving $$ capital from previous betting wins is the right step for me now and starting to save it in a different place, open in a gambling wallet, as savings and further gambling capital if another loss occurs.


I never use 100 percent of my salary for gambling, that's the same as committing suicide 🤣

For example, I get a salary of $200 - here I only use $10 for gambling. If $10 runs out I will not top up again until I receive my salary in the next month or wages.

Sometimes I even use the Bitcoin faucet as my capital to gamble again 😅

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.

In my opinion, although talking about profit in gambling is a very difficult task, I would say that you need to define a strategy on how to bet and a strategy on how to manage your bankroll. for example, you can tell yourself that you will not place simple bets with odds below 2.00 and that when you place a multibet bet you will only place a few games but with total odds above 7.00. that would be the first step. The second step comes from bankroll management in which you need to define a fixed amount every month for gambling, but as long as it is an amount that you won't miss in case you lose. for example you set 20$ per month for games and as the games take place each week, then you will set 5$ per week

Therefore, you set $4 for 4 simple bets in which each bet will place $1 on a game with odds of 2.00 and upwards and the remaining $1 will be placed on the multibet bet with odds of 7.00. With this you can already have good money management. When it comes to the end of the month and you see that you managed to get the 20$ you deposited and made some profit, then the following month deposit 20$ again in the casino, so you will already have more than 40$ in bankroll, but keep the same bet values and with the same odd values. If in the following month you manage to make a profit, then deposit 20$ again in the casino, with that you will already have more than 60$ in bankroll

This means that you will already have 3 months' worth of funds at the casino without making any new deposits and playing constantly every weekend. The idea is that you have funds for the entire football season. To be able to do this you just need to be successful in betting and successful in bankroll management as I showed you, of course I'm not here giving gaming advice. I'm just sharing a little of what I've been doing in gambling. Lack of good bankroll management and not betting on games with good odds has been the main reason why many people go bankrupt in gambling and become addicted to gambling.

You allow greed influence you a lot.  Many gamblers often stay back after winning and still use all the money won to place more bets hoping to win more money. This is greed displaying itself. It can really be tempting to want to try even more out of excitement but, what's the guarantee that you will win again? After winning, take your money and stop gambling for the day. You will be doing yourself a whole lot of good.

It is not easy to make a gambling budget and stick to it. But anyone who knows how to manage his finances and do a proper allocation should be able to do a proper gambling allocation and still deal with whatever the outcome of the game might be without being tempted to allocate more funds to gambling. For those who cannot manage their finances, it takes a decision backed by strong commitment to be able to stick to your gambling budget.

Running out of funds just because of gambling is not a good sign. You already know that staking higher amounts bothers you when you lose, the only solution here is for you to reduce the amount you gamble with daily. You do not need to put yourself at a tight end whenever you place bets. Allocate your resources effectively so you will have a balance.

What you should do is that whenever you places bet and win do not place another bet for that day even though the predicted games seems to be real to become reality do not place a bet because at that moment you still joyous of the previous win and could lead to more lost in the process of trying to place the bet.

So, what you should do is that place a limits on yourself on the amount you want to wager per day or week to enable you manage your funds economically otherwise when you always use the money won previously to gamble again you will still ends up wasting them there and it's advisable to withdraw your winnings a space the gambling site for at least 24hrs otherwise 48hrs is the best by then you have a total decision on what you want to use your funds on.

First off, get away from gambling for a while. As you've said, you are already in debt, so if you still continue on betting or gambling, then you're making the situation worse. It's better to recover your losses by doing other things, such as investments or a job. It's hard to have debt, and before you know it, it might be too late. So the solution is yourself. How will you control yourself or the urge to gamble? It's good that you are aware of your current situation, so it's still not too late for you to change and hold yourself back from making the situation worse.

I undergo this situation, but I manage to have my mindset and holdback when I know it's not good, and I also mandatory set myself a boundary or budget so that's the only money I will spend on gambling, so even if I lose, it doesn't matter.

wouldn't this make your future bets smaller and smaller until you reach the minimum betting amount?

to be honest, I don't know, but if it works for you, then that's good. for me though, I use a fixed budget to use for gambling and would not add anymore even if I lose and if in the end, I ended up with a profit I just set aside the previous funds I saved to use for my next gambling session and use the profit for other things or just save it.

The strategy of using the profit made on the bets for your next bet is a fair one because you are protecting your capital just as you should but then it's still good I'd you don't use all of the profits on the next bet because you are still not sure of winning your next bet so what you will do most likely will be you protecting your capital and still have reserved in case the new bet placed is lost you will still have some funds to fall back at before you get to you capital again and if you are very careful with your bet it's very positive you will win again before you exhaust that which you have set aside for betting again from your profit gotten from your first bet.

Don't allow yourself get too greedy thinking you could win some more again if you had increase your stake and then add both your Capita and your profit to invest into your new bet, if you lose that one, you may not be able to place a new bet because both your capital and all other money has been lost to your new stake.

Being disciplined can help you with better bankroll management. You will eventually see your losses decrease even if you are losing lots of bets. Controlling the amount of your bets is another thing that goes hand in hand with discipline. Do it consistently and you'll grow your bankroll if your bets hit a lot. It takes time, and of course you'd still claw back to your old habits, but you'll eventually get it done.

According to Kenny Rogers ”You gat know when to hold em’ know when to fold and know when to walk away”.

What you’re currently exhibiting is a very bad habit – one that has led to the downfall of so many gamblers. You shouldn’t put back everything you have won in gambling back into your account with the hope of making up for previous losses you’ll only end up losing everything.

One thing you could do is to make sure to you set an amount you can withdraw from your account each time you’re lucky enough to win something – even if it’s just $4 remove it and use it for something different if you continue like that it will become an habit for you. If I have $2 in my account and I place a bet and then won +$1 I’ll make sure I remove my initial deposit and bet with the money I won but if it’s a big amount I’ll add to the amount i initially deposited and then I’ll be experiencing profits. It might not be much but at least I’ll have something to play with next time.

You use an $$ amount to place a bet and luckily make an $$ amount of win and if you feel like continuing to gambling even after that win which for some gamblers like me will prefer going home calling it a day. But for you who insist on continuing to gamble, why not take out an $$ amount from the profit made from the win and go ahead with another bet but peradventure you lose it, taking a bow with both the capital and the other remaining $$ profit with you and walk away.

By so doing you are not leaving as a loser but with your capital and some profits not minding how little the profit might be it's more honorable and better than to leave as a loser which ultimately you won't be running out of funds anymore.

That's why it's important to manage your finances properly and limit your budget so you don't be too careless in making unnecessary betting decisions. Sometimes when we start to be confident in betting as much as we like, we're only tempted by the total winnings so that when we lose, we realize that we were too greedy. bets that end up running out of money faster, in the next game you should change the way you play, including managing your finances properly and limiting your gambling budget most appropriately.

You don't have to try to save money, the point is that you have to set your budget so that it doesn't exceed the limit and the most important thing is to use money that you don't use, meaning unused money that is not for your living expenses, betting as usual is a strategy that you use it, you just need to limit the budget, I'm sure you will remain properly controlled, even though the strategy you apply is also good by using the profit money for the next bet, but you still have to be in proper control and not careless, let alone too greedy.

From your story I can see that you are greedy and have become addicted to gambling. But calm down friend and sorry if I offended you. I think I would be in the same situation as you if I were in your position at that time. Because when we have won several bets of small value, we want to get several more wins so that our money becomes thousands of dollars and we can afford to buy something. But what you have to realize is that no one will be successful or rich from gambling. Some people spend small amounts of money on gambling. And some people, in a situation like yours, will continue to add capital to gamble because they want win after win.

I think the only way is for you to stop gambling. Maybe what I say is very harsh and difficult to accept, but someone who has been addicted to gambling must stop gambling completely to get rid of that addiction.

Gambling is a circle. It will always continue and using the profit made from gambling to gamble and then saving the initial capital is not a good financial management practice. The problem lies in the fact that when you lose the profit you will have to use the savings and in the end, you will lose everything without achieving anything. This is not the best. When you win, first and foremost, make sure you settle your bills before you think of gambling again. You don't have to gamble again when you have a bill or expenses to settle.

Setting a limit is the best management practice because whether you win or not there is a limitation to the amount you would use to gamble. It is a pity that most people still don`t understand that gambling is full of uncertainty and so we don`t have to approach the game with so much confidence because if it is so we would lose heavily.

Since you should not bet with your full fund at all because if you bet with full fund there is loss instead of profit then it is normal that the full balance will be zero. But you bet with full balance in gambling and got profit sometimes because you could not control your emotions and a kind of greed worked inside you due to which you bet with all your balance to get more profit. One suggestion for you is first learn to control your emotions then learn to bet. Never make consecutive bets and never use a full balance on bets. If the full balance is used, once a loss is incurred, it is not possible to recover the previous balance.

It seems that you lose track of your total bankroll during gambling, which is a common thing among newer gambler that get top excited in the moment. It's important that you focus more on your bankroll management skills and start to implement some fixed rule. For example, whenever I make a profit I take that money out of my bankroll and don't use it again for gambling on the same evening. I prefer to spread out my winning money over the next several weeks instead of using it all on the same day. This helped me a lot to not lose my winnings directly again. Another thing that helped me a lot to grow my bankroll over time is to split my money and have fixed amounts to gamble with each month. This let's me avoid to go broke again during gambling. Try to find some rules that match your gambling style and write them down.