How discipline are you in managing your bankroll? - page 11.

Natalim

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Quote from: Crypt0Gore on November 16, 2023, 04:58:09 AM

I know a friend who use 5,000 to make 750,000 and he decide to make it 1,000,000 before he withdraw his money but he lost everything, this type of losses have happened to many gamblers and it's because of greed but how will you even be able to control your greed if the way you are making money is luck.

Wow, impressive. That's like a crypto bull run scenario. It's already 150 times the original amount but ends in a loss. If his target was to reach 1,000,000, then there's nothing wrong with that, as it's gambling, and you can't guarantee the outcome. But if he already hit his target and decided to get greedy, then that's a big problem, as he is not disciplined enough. I'm curious, what type of gambling is your friend playing, by the way?

angrybirdy

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Quote from: xLays on November 16, 2023, 02:45:36 AM

Most of the time the reason this happens repeatedly for me is that I can't control myself when it comes to gambling. I can't handle it once it comes.

If you find it hard to handle your bankroll wisely it can cause some serious bankroll troubles. Overspending taking on too much loss or engaging in risky gambling without a plan can disrupt your bankroll stability and make it tough to reach your bankroll goals. It's important to build good bankroll habits to stay away from these kinds of problems.

Because of greed of having so much winnings that why you'd feel that you can't control yourself in spending. If you can't handle yourself, chances are you'll lose all your funds and you'll get addicted into gambling which is one of the thing that we don't want to become as a gambler. One of the best way to manage your bankroll is to building a strong self control and limitations in spending fund for gambling, even there are a times that temptations is in there, do your best not to fall on that temptation because it will lead you to the things that you don't want to happen in the future.

Crypt0Gore

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The dangers of gambling is all about luck and getting lucky isn't going to happen every time, how can someone not understand this? I take this very serious that I am so focused on using only what I can afford to lose, I have seen how many lives turned miserable because of gambling, and till this day it still scares me, I don't want to have a string relationship with gambling and I put all my attention in investment more, I do gambling when I don't have anything to spend money on.

Whenever I get paid I remove very small amount for gambling and it's not even every time, I know about the dangers and the warning signs in gambling, you don't have to be told or you don't have to get caught in gambling addiction, it's something that's openly affecting many people around the world, there isn't much to expect from gambling, be careful..

I know a friend who use 5,000 to make 750,000 and he decide to make it 1,000,000 before he withdraw his money but he lost everything, this type of losses have happened to many gamblers and it's because of greed but how will you even be able to control your greed if the way you are making money is luck.

piebeyb

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Quote from: Jawhead999 on November 16, 2023, 03:18:46 AM

Invest the most, spend the rest.

This habit will make you to not spend a lot for entertainment because you only spend what you have as the rest of your money are untouchable. If you're still can't control yourself and you're trying to touch your untouchable money, I guess you need to seek a professional if you think it annoys you.

I think the most effective way is to look for someone who is professional or look for someone we can trust to manage our finances, it doesn't matter who it is, as long as we can manage it well, just use them. Honestly, personally, I ask my wife to manage all my finances. including my gambling budget, because I trust him and he also trusts me that I will not be addicted to gambling and that is why trust will be very valuable.

I only gamble on weekends when I give my wife all my salary so at that time she manages all my gambling budget every weekend, so it's easier for me without having to calculate again because my wife can manage my money well without having to run short living necessities and even investments. The point is, if you can't manage it, entrust it to anyone you can trust to organize and manage it.

Dewi Aries

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Quote from: Juse14 on November 15, 2023, 11:24:27 AM

If what you are after in gambling is big wins and profits, then what you will find in the gambling you do is only regret, even if you win. You regret it because you think why I didn't increase the previous bet amount, if the previous bet amount was increased, maybe I would get a bigger win. Likewise, when you lose, perhaps the feeling of regret will be deeper.

So that we always have pleasure in every gambling activity we do, never have more expectations about gambling and assume that this gambling will give us profits. And keep playing appropriately and betting with an amount that we can afford to lose.

That's right, that's why the sense of satisfaction they feel is not resolved even when they win but there are complaints that you say "why don't I increase the amount of the bet". This seems to be felt by all gamblers who play. With everything they feel there will definitely be a sense of dissatisfaction whether victory or defeat. And this makes them more courageous to continue the game by increasing the amount of the bet, because they hope that there can be another victory like they got before. But it will not be as easy as turning the palm of the hand to get the next victory, because in my opinion, if you have won it seems to be more difficult to get the next victory. By doing it like that, maybe they can also limit their gambling activities by adjusting the value of the bet so that there is no carelessness that will harm them, but most likely what they will get is a defeat that will make them upset because they are still not satisfied with the victory they get so that in the end they get defeat.

Jawhead999

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Invest the most, spend the rest.

This habit will make you to not spend a lot for entertainment because you only spend what you have as the rest of your money are untouchable. If you're still can't control yourself and you're trying to touch your untouchable money, I guess you need to seek a professional if you think it annoys you.

xLays

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Most of the time the reason this happens repeatedly for me is that I can't control myself when it comes to gambling. I can't handle it once it comes.

If you find it hard to handle your bankroll wisely it can cause some serious bankroll troubles. Overspending taking on too much loss or engaging in risky gambling without a plan can disrupt your bankroll stability and make it tough to reach your bankroll goals. It's important to build good bankroll habits to stay away from these kinds of problems.

Strongkored

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Quote from: stadus on November 15, 2023, 10:06:12 AM

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?

In simple terms, it is difficult to control yourself and almost all gamblers experience the same thing until they finally realize how detrimental it is to play because they are dissatisfied with the results they get.
To be honest, I have experienced this but now I have managed to overcome it because it made finances bad, and gamblers should stick to their budget, and when temptation continues to come by diverting them to other things because gambling too much and exceeding what has been budgeted is not good.
I'm sure most of us are average gamblers, and if we exceed our budget it will make our finances worse because it is very likely that we will use money for things that are important for gambling, and as I mentioned before, if the temptation is too great to play even though we have exceeded our limit, I will try to find other activities so that my thoughts of gambling can be diverted.

goldkingcoiner

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Quote from: stadus on November 15, 2023, 10:06:12 AM

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?

I do not think that anyone here can call themselves truly disciplined. I think of myself as disciplined but I have my moments of weakness. But there are things that you can do to ensure you do not gamble your money away foolishly. Cold storage of the daily gambling funds by a family member or trusted friend could perhaps help you out, if you feel like you would not be able to resist by yourself.

Russlenat

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Quote from: bettercrypto on November 16, 2023, 12:32:58 AM

Quote from: stadus on November 15, 2023, 10:06:12 AM

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?

If you are not satisfied with what you win, does that mean that you are getting greedy when you play gambling? Is it characteristic of a responsible gambler to have such a habit of not being satisfied with a little won?

Shouldn't it be that if you know that you have won, it is obvious that you have a profit the day you played rather than the day you won nothing the day you gambled here in crypto gambling? This is just my question and for the enlightenment of other communities here.

At least let's try to be realistic because aiming for bigger wins requires a bigger capital or bankroll. It's pretty much unrealistic if you only bet $10 per wager and want to win $1000 in the end. I know it's possible, but the chance of achieving that is very slim. So, I guess for OP to become a disciplined gambler, it starts with satisfying oneself with the win, and that would only be possible if he starts with a larger bankroll.

If we treat gambling like a business, we would be happy to earn a small percentage of our bankroll as long as it's consistent. So, $1,000 per month, I think that's a decent profit already. But it probably does require setting up a bankroll of $10,000, and that would mean a 10% profit per month, which is not bad. That figure will change over time, especially if profits are being reinvested, resulting in an increase in the total bankroll.

Pandu Geddon

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Quote from: DabsPoorVersion on November 16, 2023, 12:49:59 AM

I guess, that's the case. The urge to get more winnings or being unsatisfied with the current winnings is an action of being greedy. Being disciplined will not make you reach the state of wanting more winning as you know your limitations and when to stop if you have enough winnings. Having even a small amount of profit every time you gamble is enough because it's profitable in the long run. That's the mindset of a disciplined gambler.

The problem is that everyone's level of satisfaction is different. There are gamblers who are satisfied with winning but there are also those who are satisfied after playing for a long time.
control may be very important, especially for those who have unlimited funds when playing at the casino. every gambler may have to limit their finances every time they play. When you lose and your funds have reached the limit, you may have to immediately leave the game and not try to play more. many of them lose control because they have more money to play with.

DabsPoorVersion

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Quote from: bettercrypto on November 16, 2023, 12:32:58 AM

Quote from: stadus on November 15, 2023, 10:06:12 AM

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?

If you are not satisfied with what you win, does that mean that you are getting greedy when you play gambling? Is it characteristic of a responsible gambler to have such a habit of not being satisfied with a little won?

Shouldn't it be that if you know that you have won, it is obvious that you have a profit the day you played rather than the day you won nothing the day you gambled here in crypto gambling? This is just my question and for the enlightenment of other communities here.

I guess, that's the case. The urge to get more winnings or being unsatisfied with the current winnings is an action of being greedy. Being disciplined will not make you reach the state of wanting more winning as you know your limitations and when to stop if you have enough winnings. Having even a small amount of profit every time you gamble is enough because it's profitable in the long run. That's the mindset of a disciplined gambler.

michellee

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It takes work to be a disciplined gambler. But we can learn it over time. In the past, when I started learning discipline, I felt it was not easy because I had always to resist the urge to continue gambling. But I realized if I couldn't have discipline, I would end up spending more money.

And that's what keeps me learning, especially to stay within limits when I gamble. If today I gamble, I have already determined how much money I have to deposit. Let's say I deposit $15. I'll probably use half of it for gambling and when it's almost half, I'll be ready to stop. And when I stop, I will immediately close the tab in the browser so that I can stop the desire to continue gambling.

Discipline must be trained from time to time. We can be disciplined today, but that doesn't guarantee we can be disciplined on other days. That is why we have to practice it every day when we gamble. Over time, we will definitely be able to have discipline and not be tempted to continue gambling. We should satisfied with what we played.

bettercrypto

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Quote from: stadus on November 15, 2023, 10:06:12 AM

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?

If you are not satisfied with what you win, does that mean that you are getting greedy when you play gambling? Is it characteristic of a responsible gambler to have such a habit of not being satisfied with a little won?

Shouldn't it be that if you know that you have won, it is obvious that you have a profit the day you played rather than the day you won nothing the day you gambled here in crypto gambling? This is just my question and for the enlightenment of other communities here.

Kasabus

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Quote from: retreat on November 15, 2023, 10:39:52 PM

Well, it's not too difficult for me to manage my bankroll for my gambling activities, because I usually manage my money every month for whatever things, and I usually set aside a maximum of 10% of my salary every month for gambling. The point is that if you are used to managing your finances and are disciplined and can control your emotions, I think it won't be difficult to manage your bankroll, because that's the only key to being good at it.

I guess OP is a regular gambler and needs some advice from other regular gamblers as well. If we gamble occasionally or bet a small percentage of our income, then probably we can't relate to what OP has experienced, and therefore, we can't give the right answer he's looking for.

OP was asking about managing bankroll, not how much we allocate from our income.

aysg76

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At some point we may be distracted in gambling and go over budget and can't control ourselves which can happen with loss and gain situations as well but controlling your mind to always align with the allocated budget helps you stay in limits according to me which is a must whenever we are into gambling.

boyptc

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Quote from: stadus on November 15, 2023, 10:06:12 AM

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 right, it's the same as someone who earns a lot but don't know how to save.

Quote from: stadus on November 15, 2023, 10:06:12 AM

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?

Start simple.

And that's through setting a real amount when you gamble. No excess, no additions whenever you're doing good or bad. That's it, from there you'll get to see how effective it is.

If you can't do anything with that specific amounts and you're not able to manage your discipline well, you can't also do the same thing with bigger bankrolls.

retreat

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Well, it's not too difficult for me to manage my bankroll for my gambling activities, because I usually manage my money every month for whatever things, and I usually set aside a maximum of 10% of my salary every month for gambling. The point is that if you are used to managing your finances and are disciplined and can control your emotions, I think it won't be difficult to manage your bankroll, because that's the only key to being good at it.

Hirose UK

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The first thing I will say is that luck will not come twice and when you are not satisfied by betting more, you will lose more money this is not just empty talk but this is what actually happens.
I sure that if everyone thinks carefully and understands all this, they will agree that what I am saying is indeed an invisible truth.
A victory must be able to be had with sense of satisfaction because when there is no feeling of satisfaction with the victory then it is no longer about winning, satisfaction or pleasure but only regret because what you have will still be lost in a greater amount.

It is very important to always have sense of satisfaction and be able to manage finances so that what we do in gambling does not consume too much of the money we already have.
Most gamblers forget this because they think there is still tomorrow to work and make money, this is the biggest mistake in human thinking.
We have to change it, we have to have a better mindset in the future to be able to maintain what we should maintain.

Poker Player

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Quote from: stadus on November 15, 2023, 10:06:12 AM

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll?

I am extremely disciplined and it has never made me to go broke. There have been times when I have used more aggressive bankroll strategies and others more conservative but I have had no problem in going down a level when faced with a bad streak, which is what sometimes people find difficult, mostly because of ego, and what leads them to bankruptcy.

Although this is talking about poker, I do not see much sense to those who use a bankroll to play EV-games, because at the end of the day you are going to lose your money in the long run.

Topic: How discipline are you in managing your bankroll? - page 11. (Read 1628 times)