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Topic: How discipline are you in managing your bankroll? - page 10. (Read 1616 times)

legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
I'm extremely disciplined. I tell myself how much I'll spend and that's what I do. When I decide that it's going to be $100 this week, even if I'm having a great winning streak, I'll stop when I reach the amount I wanted to leave with before starting the game. That said, I often bet on matches like boxing, MMM, football, and I don't have to be really disciplined when it comes to it. After all, what I bet is in the game, unless I get  a chance to leave early and take a smaller win, but that's another matter for discussion.
What I find difficult, despite being disciplined is that I have second thoughts after. What If I played a bit more, what if I bet more on that game... I know it's stupid but that's how human brain works.
hero member
Activity: 952
Merit: 552
Recently, I've had some issues with bankroll management. Although I've been gambling for years, sometimes I feel the urge to get more action because I'm not satisfied with my winnings. It's as if there's no tomorrow, and seizing the moment seems like the best option. However, whenever I become undisciplined, it usually doesn't end well. My realization is that no matter how good you are at choosing the right bets, without discipline in bankroll management, you'll still end up losing.


If you have been a gambler for long, you should understand how this thing works better, it wouldn't take you to this level before you ask this and I think something must have been wrong somewhere. It's either you are always bored  Angry or you have more free time than your work hour, if you occupy yourself with other relevant and important things, you will have less time to wager all the time, when you realize that you make lost in those windows, you will even be discourage to bet unless you are planning on doing giveaway to betting platforms.


Quote
Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?

To me, this is simple. Don't cross over your limit especially when you realize that your loss is betting bigger. Don't think of having luck or thinking that because you got lucky and rollover the last time, it will happen again. Take a walk and exit gambling platform and do the things that kills your time without spending a single fiat to gamble for games. You will improve with time and you must also learn to forget the past losses.
hero member
Activity: 3052
Merit: 606
  Gamblers are known to be greedy and would want to seize every opportunity when we are talking about profits. So what you are experiencing right now is not actually new as a lot of us here are facing the same problem like you. But if you are actually determined to discipline yourself and your gambling bankroll, then you should learn to control the urge in gambling as much as you can. That's the only way you can control your betting expenses as well.

What I usually do is I only gamble an amount that I can afford to lose. By sticking to my limit in gambling, I was able to control my finances and become more disciplined in managing my bankroll.
hero member
Activity: 2730
Merit: 632
Recently, I've had some issues with bankroll management. Although I've been gambling for years, sometimes I feel the urge to get more action because I'm not satisfied with my winnings. It's as if there's no tomorrow, and seizing the moment seems like the best option. However, whenever I become undisciplined, it usually doesn't end well. My realization is that no matter how good you are at choosing the right bets, without discipline in bankroll management, you'll still end up losing.

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?
How disciplined I am?

Never cross the line or would really be going beyond your limit.This would really be the key for you to avoid yourself on getting devastated with gambling.The most common scenario or condition
on why people do mess up with gambling is that they do really go past beyond their limits.It would be always ideal that you should really be that mindful about your spending because if not
then you would really be finding yourself on such big trouble when it comes to finances. Play only on the amount which you can afford to lose and you wont really be having
no problems when it comes to things such as addiction or losing that big time.

What you do need?
Self control,discipline, greed control, emotion control, dont be delusional, dont aim on getting rich.

Gambling is for fun and a heavily luck relying kind of game or thing on which it would really be just that important
that you should really be that sensible on what actions you are making.
sr. member
Activity: 1022
Merit: 368
To me one of the most important things to do to stick to one's bankroll plan is to set a realistic expectation on one's wins. While it is not completely the same, I can relate to the feeling of getting pushed by greed further and increase the wager beyond the planned budget. It did not end for the that time rolling dices.

I would also say that a relatively good measure to stick to one's budget is not having all the bulk of one's money deposited on the casino at the same time, not even in the "trunk" or "chest" of one's account.  Even if takes more time and can be annoying, if one does not have much control, then only deposit what you are willing to put at risk that day.
The key strategy is to divide the bankroll into units, with a unit representing a specific percentage of the total bankroll that is wagered per bet. Use 1% to 3% of the bankroll per bet based on your risk tolerance. To show discipline as a bettor which is the harbinger of better profit, you must ensure to maintain consistency in the chosen unit size, regardless of odds or circumstances.

Sources
-gamble-usa.com/guides/units/
-  revenuesandprofits.com/sports-betting-bankroll-management/
member
Activity: 66
Merit: 5
Eloncoin.org - Mars, here we come!
I have suffered alot of lost in bets so I disciplined myself not to look into any betting platform till I have a 90% sure game. I usually freeze this platforms from notifying me direct to my system because I always have this urge to do more. Even when am losing I always believe I will win the next one and by so doing, I will blow up the whole of the bankroll. Damn it when I win, I feel like the world is on my shoulder I can do it again.

Strategizing my bet is the only I have come to my senses, I play 3 times a week especially on weekends and I usually look at the past games how well they perform and copy from people that think are usually succeeding with their games.

90% sure game? Lol, is there anything like that? Hell no! All games are 50-50% and you just have to make decisions based on what you believe in. What I see in this your comment is a typical explanation of someone who is chasing their loses and that's a very dangerous habit as far as gambling is concerned. When you're chasing losses, you're allowing your emotions to control your decisions and this can lead to poor results. Instead of focusing on trying to make up for your losses, you should just try to focus on the process of improving your gambling skills.
The fact that I called it a 90% sure it may not be a 90% sure game to you but for I strongly believe that every gamble that I consider 90% never fails the 10% is just the fact that it can run short at any time. we know gambling is a 50-50 but when you regularly win on a spot your confidence on that will be high that is exactly what I'm tryna say. I have this games that do 90% sure because they have never fail but am not saying it can't fail alright!  I consider your conclusion that I am chasing after my loses as a fallacy because it is not logical, I mean the premises doesn't warrant your conclusion. it just a win or lose game so I keep playing even when I lose. no matter how you improve your gambling skill you will still have to lose cuz that how it works. even the most skillful gambler still lose. FYI I do not gamble with what I can't afford to lose so saying I chase after my losses is completely a fallacy of petitio principi begging the question.
legendary
Activity: 2716
Merit: 1092
Leading Crypto Sports Betting & Casino Platform
Recently, I've had some issues with bankroll management. Although I've been gambling for years, sometimes I feel the urge to get more action because I'm not satisfied with my winnings. It's as if there's no tomorrow, and seizing the moment seems like the best option. However, whenever I become undisciplined, it usually doesn't end well. My realization is that no matter how good you are at choosing the right bets, without discipline in bankroll management, you'll still end up losing.

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?
Being a long term gambler still does not guarantee that you can already control easily the urge to gamble. Sometimes, we feel that there is more luck within us that we need to let out so we can seize every opportunities to win in gambling, and that's when we tend to lose discipline when we gamble. My only advice is have your own betting limit. Set your own budget that you are comfortable of losing, and just think that you are gambling not exactly to make more income but mainly to entertain yourself and have fun.

Change your mindset when it comes to gambling. The moment you see gambling as a way to release your boredom, then most likely you will also be disciplined when it comes to your gambling expenses.

Of course it doesn't matter at all in my opinion, whether you intend to be a long-term gambler or not I don't think it has anything to do with whether you can control your gambling properly or not. Basically it's very difficult to keep yourself from getting involved in gambling, and yes you have said one of the indications that can get yourself into gambling, as you said that every gambler will feel that at a certain moment it seems like they are in luck and then they decide to gamble, when in fact it is nothing more than a temptation that enters your mind,. Honestly I've felt the same way and when I went in to gamble with high confidence but still the end result was still far from expectations. That is the temptation of gambling, it is quite difficult to avoid it if we do not have firm control.

Well that's right, because it's very difficult to resist such temptations, so yes, one of the ways you can do as a prevention so as not to lose too much is to minimize the amount of your budget, that's a good way and there seems to be no other way than that. On the other hand, never bring the mindset of gambling to earn because it's like you build disappointment for yourself, because the main key is in your own mindset.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
I know I'm not a disciplined gambler and if I had too much money deposited in my casino account I'd overextend my games, which is why I never hold money on casino accounts. This is one of the rules I never break. When I want to play, I deposit a certain (small) amount of money and bet that until I either win enough to quit (double?), or bet on sports which makes all the bankroll disappear instantly, or I lose everything. If I lose it all I never add to the balance, just quit for some time.

I think you are not the only one with that problem mate, if I also have some money in a online platform, I can't really resist not playing with that crypto, and sometimes I made the right decision to play and then withdraw, but majority, when I don't have any luck, I will lose everything.

So it's not very easy to be discipline in managing our bankroll. It will take a lot of mental toughness to think that you shouldn't be depositing anymore to chase loses, or not playing the money all together as you can used it to other things that is more important and not just lay waste on it with playing.

It takes a lot of time and many expereinced before you can really have that control though it's really hard to resist when you see that there's still money in your account, win or lose you always wanted to push for more, good thing if you already knows how to play wit your emotions after losing your initial bankroll you will not add for more but instead you'll for the day and take that result as another experienced to remember.

Once you have that mindset, you are good and far from getting any excess money to lose or anything that may harm your finances. Just play and go, if you win then it's good same if you lose, just move forward.
hero member
Activity: 2940
Merit: 613
Winding down.
Recently, I've had some issues with bankroll management. Although I've been gambling for years, sometimes I feel the urge to get more action because I'm not satisfied with my winnings. It's as if there's no tomorrow, and seizing the moment seems like the best option. However, whenever I become undisciplined, it usually doesn't end well. My realization is that no matter how good you are at choosing the right bets, without discipline in bankroll management, you'll still end up losing.

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?
Being a long term gambler still does not guarantee that you can already control easily the urge to gamble. Sometimes, we feel that there is more luck within us that we need to let out so we can seize every opportunities to win in gambling, and that's when we tend to lose discipline when we gamble. My only advice is have your own betting limit. Set your own budget that you are comfortable of losing, and just think that you are gambling not exactly to make more income but mainly to entertain yourself and have fun.

Change your mindset when it comes to gambling. The moment you see gambling as a way to release your boredom, then most likely you will also be disciplined when it comes to your gambling expenses.
hero member
Activity: 2842
Merit: 772
I know I'm not a disciplined gambler and if I had too much money deposited in my casino account I'd overextend my games, which is why I never hold money on casino accounts. This is one of the rules I never break. When I want to play, I deposit a certain (small) amount of money and bet that until I either win enough to quit (double?), or bet on sports which makes all the bankroll disappear instantly, or I lose everything. If I lose it all I never add to the balance, just quit for some time.

I think you are not the only one with that problem mate, if I also have some money in a online platform, I can't really resist not playing with that crypto, and sometimes I made the right decision to play and then withdraw, but majority, when I don't have any luck, I will lose everything.

So it's not very easy to be discipline in managing our bankroll. It will take a lot of mental toughness to think that you shouldn't be depositing anymore to chase loses, or not playing the money all together as you can used it to other things that is more important and not just lay waste on it with playing.
hero member
Activity: 2996
Merit: 609
Recently, I've had some issues with bankroll management. Although I've been gambling for years, sometimes I feel the urge to get more action because I'm not satisfied with my winnings. It's as if there's no tomorrow, and seizing the moment seems like the best option. However, whenever I become undisciplined, it usually doesn't end well. My realization is that no matter how good you are at choosing the right bets, without discipline in bankroll management, you'll still end up losing.

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?
We are just humans and we cant really be that perfect on which means that we are really that prone into those sudden changes when it comes to mood,decision,views,actions to be made of
basing up on the things that we are encountering. We can say that we are really that having those tendency of such reaction on particular times no matter how we would be that
knowledgeable or having experience or you've been here on this market for a while and dealing up with gambling for years or couple on which you could say that you could really be able
to know on whats happening around.

Managing yourself could really be that something you could be able to do so but there are really indeed moments or times on which you do really miss out on doing the right thing
specially on the time that greed and emotion would really be suddenly kicks in then it would really be that so damn hard to control.There's no way that you could
really be able to avoid those for sometime, no one could really be that perfect.
legendary
Activity: 2814
Merit: 1192
I know I'm not a disciplined gambler and if I had too much money deposited in my casino account I'd overextend my games, which is why I never hold money on casino accounts. This is one of the rules I never break. When I want to play, I deposit a certain (small) amount of money and bet that until I either win enough to quit (double?), or bet on sports which makes all the bankroll disappear instantly, or I lose everything. If I lose it all I never add to the balance, just quit for some time.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
Recently, I've had some issues with bankroll management. Although I've been gambling for years, sometimes I feel the urge to get more action because I'm not satisfied with my winnings. It's as if there's no tomorrow, and seizing the moment seems like the best option. However, whenever I become undisciplined, it usually doesn't end well. My realization is that no matter how good you are at choosing the right bets, without discipline in bankroll management, you'll still end up losing.

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?

Very well said and it's true. No matter how good we are at betting or how lucky we get but if we don't manage our bankroll well then we will end up spending more on betting and this will eventualluy end us up in losses.
I personally think that the best way to manage bankroll is to deposit only a limited amount that we can afford to lose.
At the end of the day, we need to limit our losses so that we don't end up losing more and we won't lose more if we don't have more money in our account.
Making a deposit less than your usual is a good thing. To some it won’t be of any help but the fact that it is tiring sometimes to deposit an amount, would help you limit your gambling bankroll. Another is to separate the amount you would be using in gambling, on a daily basis such that if you have lost the amount for that day, you’d be in guilt extending your gambling budget. Last is of course, self discipline; simplest yet the hardest. However, no plan will happen if you would neglect imposing your own discipline especially in gambling wherein one’s emotion could take him over. Set the right mindset; win an amount then stop, lose it all for that day then stop. Accept that it won’t always be our lucky day and that there are times losing would be more frequent.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
Recently, I've had some issues with bankroll management. Although I've been gambling for years, sometimes I feel the urge to get more action because I'm not satisfied with my winnings. It's as if there's no tomorrow, and seizing the moment seems like the best option. However, whenever I become undisciplined, it usually doesn't end well. My realization is that no matter how good you are at choosing the right bets, without discipline in bankroll management, you'll still end up losing.

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?

Very well said and it's true. No matter how good we are at betting or how lucky we get but if we don't manage our bankroll well then we will end up spending more on betting and this will eventualluy end us up in losses.
I personally think that the best way to manage bankroll is to deposit only a limited amount that we can afford to lose.
At the end of the day, we need to limit our losses so that we don't end up losing more and we won't lose more if we don't have more money in our account.
legendary
Activity: 1162
Merit: 2025
Leading Crypto Sports Betting & Casino Platform
To me one of the most important things to do to stick to one's bankroll plan is to set a realistic expectation on one's wins. While it is not completely the same, I can relate to the feeling of getting pushed by greed further and increase the wager beyond the planned budget. It did not end for the that time rolling dices.

I would also say that a relatively good measure to stick to one's budget is not having all the bulk of one's money deposited on the casino at the same time, not even in the "trunk" or "chest" of one's account.  Even if takes more time and can be annoying, if one does not have much control, then only deposit what you are willing to put at risk that day.
legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
It's normal to make mistakes and to learn from it and I think you're letting your emotion to get hold of you whenever you're on a winning run. For instance whenever you're on a winning streak, you don't have to go crazy and be betting recklessly because you were able to grow your balance from $150 to $2000. Be disciplined, keep wagering the same amount or increase it a little bit and at any point if you feel you're loosing it, quickly stop. Also, a good way not to become reckless with your bet is to withdraw your winning and leave just your bankroll.
If I gamble and I win little, I stop gambling for that day. That is just how I like it. If someone gamble and continue to win and he continues to gamble, the later outcome can be very disappointing. I have seen days that I will continue to win until I continue to gamble and I lost more at the end of the day. I prefer to keep wagering the same amount that I started with than to increase the amount of money I am using to warger. If you increase the amount, it can be the start of a way to lose.
sr. member
Activity: 476
Merit: 307
Recently, I've had some issues with bankroll management. Although I've been gambling for years, sometimes I feel the urge to get more action because I'm not satisfied with my winnings. It's as if there's no tomorrow, and seizing the moment seems like the best option. However, whenever I become undisciplined, it usually doesn't end well. My realization is that no matter how good you are at choosing the right bets, without discipline in bankroll management, you'll still end up losing.
This is a psychological huddle every gambler must overcome in order to become successful. The challenge with gambling is that there is this temptation to think that there is a sure bet, such thing does not exist. Many gamblers are trapped in this notion thinking the outcome of their selection is guaranteed. Rather than thinking this way, if we start targeting getting a winning in a series of bets and not expecting to win every bet, we will start to make huge progress.

Proper bankroll management entails fashioning your bets in such a way that you will still remain in business even after series of loses. The balance in the account and how to protect same should be the major focus and not chasing loses or winnings.

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?
I started making progress when I stop gambling with more than 10% of my account balance per day. My philosophy is to win at least one bet in a series of five bets and this five bets will not cost me more than 10% of my account balance. I have seen remarkable progress with this method.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
It is indeed difficult to have discipline but we can learn it regularly so that we can have good discipline in gambling where we control ourselves while gambling and will not continue gambling. Discipline also helps us in bankroll management so that if we have set a limit for gambling, we will not exceed it and always keep ourselves within the limit. I can't be a disciplined gambler yet because I still often exceed my limits, but that doesn't make me give up on continuing to learn to discipline myself.

When I gamble, I sometimes set limits on how long I can gamble. I also often try it in slot games where I try to play slots for 100, 200, or 300 spins, and when that is reached, I try to stop myself from playing slots. I often use the automatic spin feature because it saves me the effort of pressing the spin button. I have to wait for the spin count to reach and whatever the result, I will immediately stop and leave the casino. You can try it too, @OP. Who knows, it might work for you.
sr. member
Activity: 658
Merit: 441
Recently, I've had some issues with bankroll management. Although I've been gambling for years, sometimes I feel the urge to get more action because I'm not satisfied with my winnings. It's as if there's no tomorrow, and seizing the moment seems like the best option. However, whenever I become undisciplined, it usually doesn't end well. My realization is that no matter how good you are at choosing the right bets, without discipline in bankroll management, you'll still end up losing.
It's normal to make mistakes and to learn from it and I think you're letting your emotion to get hold of you whenever you're on a winning run. For instance whenever you're on a winning streak, you don't have to go crazy and be betting recklessly because you were able to grow your balance from $150 to $2000. Be disciplined, keep wagering the same amount or increase it a little bit and at any point if you feel you're loosing it, quickly stop. Also, a good way not to become reckless with your bet is to withdraw your winning and leave just your bankroll.
full member
Activity: 1148
Merit: 158
★Bitvest.io★ Play Plinko or Invest!
I think it really depends on every person. Personally for me, I talk to myself. Like what do i really want, am i ready for the consequences especilly when Im making tough decisions like spending money when I dont have much. It’s easy for me to deny myself from my habits when I think deeply about it. But I think for some, they need professional help. I was used to discipline so its easy for me to say maybe. Set clear spending limits, have a gambeplan that youll enjoy and not to gain regular profit. If you hit loss, take a pause. 
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