I think the principles of gambling are similar between it and any risk-based activity. For example the principles of trading without taking unbalanced risks are very well documented and generally respected in the community.
These principles are pretty simple and easily understood.
For instance, you should consider that gambling any amount means that it could result in the total loss of this amount.
So based on that, only a portion of your steady income should be risked with such activities.
Let's say you make 300$ per week.
After expenses like rent, bills and various other smaller things, maybe you can put aside 50$
Of the money you put aside you should also keep some for emergencies.
So the self-imposed limits should be to never gamble more than 50$ a week, and ideally even less. For instance if you already have a decent savings account, gambling with all the 50$ you put aside in a week won't do much harm to you for one week. But especially if you don't putting money aside should be a priority so the gambling spending should be reduced.
To adapt the above example to your personal income, you can simply take an average of how much you can put aside each week from 3 or more months, and then put a hard limit to how much you will be gambling with.
Topic: How discipline are you in managing your bankroll? - page 13. (Read 1628 times)
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?
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?
Your experience is also the experience of many of us here, but you have to manage your bankroll well, managing your bankroll is the key to a pleasant gambling experience and the key to that is to have a strong resolution that what you allocate is what you will use and you will not add more, no matter what happens and you can only do this if you are not profit drive, it's ok to think of profit, but let it come and not you forcing your way to win to the extent that you will mismanage your bankroll.
If you cannot control your emotions you better find a way to stop playing, its either you continue playing with the right mindset or stop playing than continue losing because of bankroll mismanagement.
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.
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.
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?
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 winning and you are not happy it means that you are winning which is great in itself as I have been losing consistently from quite a long time now.Since this is happening quite a lot I manage the balance now by placing small bets in sport by copying other people bets and I don't touch slot machines or other games that can drown your money in a very short amount of time.I know managing the bankroll is super difficult if you feel the urge to continue playing but if you let yourself loose on it only problems will be on your way,so better to stop one moment and reflect cold headed.For me the strategy of entertaining myself by copying other people bets works great.
You've done something better, my friend, because we should not make gambling activities such as a place for many problems to arise for ourselves. You have done a good thing by organizing everything so that it runs in balance, yes it is better for us to bet on bets that are not too high risk even though in the end it may still require luck factors such as sports betting that you do lately rather than slot machines or other similar, because of course you say the actual fact that games like slot machines are very testing mentally and psychologically, when we lose then usually there will be a lot of temptations that come that like telling us to play again. Managing bangkroll is very difficult especially if we have entered gambling, but you can do it slowly.
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 can relate to what you experienced especially the part when you are longing for a more action pack gambling experience just because you are not winning decent amount of money. The problem on this is your total bankroll is not suitable to the type of gambling experience you are looking for.
It’s like you want a 50$ profit on single bet while your bankroll is just a 100$ or less. The best way to deal with this is try to learn on adjusting your profit expectations based on your bankroll so that you will not overextend your bets out of your bankroll range. I control this problem by not playing when I really urge on gambling and play while I’m cool and not thinking of winning too much.
I think lots of gamblers can relate to your experience, OP. You are not the only one who is good at breaking your game plan. Sometimes, when emotions take over, they can ruin everything we carefully plan. Personally, I'm not very disciplined, but I'm good at giving advice, so the phrase ' it's easier said than done' really hits me big time in gambling.
The question is how to...?
The only answer to that is to learn how to control your emotions. You shouldn't allow them to dictate more than your mind; otherwise, you can't beat the casino at that.
The question is how to...?
The only answer to that is to learn how to control your emotions. You shouldn't allow them to dictate more than your mind; otherwise, you can't beat the casino at that.
It's okay, friends, because everyone sometimes makes mistakes when they lose and follow emotional urges to continue gambling. This is what we usually experience as gamblers. If we ask how we can be disciplined in managing money, it's actually easy to say but it's really difficult to do, in fact. This is just a matter of being busy, if you don't have anything else to do, find something else to do and focus on a certain time to gamble.
For example, every working day I never open a casino site and let alone gamble except on holidays. At first I also had difficulty but over time I got used to it by slowly reducing my gambling activities so I became more disciplined in managing my finances and time to gamble, for example I had to spend $100 every week make sure you have to spend it or win above that, always remember to use unused money or money you normally use to find entertainment, so when you experience a loss there will be no urge to chase to recover it. just think of gambling as entertainment
For example, every working day I never open a casino site and let alone gamble except on holidays. At first I also had difficulty but over time I got used to it by slowly reducing my gambling activities so I became more disciplined in managing my finances and time to gamble, for example I had to spend $100 every week make sure you have to spend it or win above that, always remember to use unused money or money you normally use to find entertainment, so when you experience a loss there will be no urge to chase to recover it. just think of gambling as entertainment
Seizing the moment I guess is the problem. This likely pushing your luck to make big wins so you will be satisfied and to be honest, I myself am not satisfied with my winnings but one thing that I always remember before pushing my luck is that I always leave doubt about my next bet whether I will win it or not which means I am not sure and will bet just the regular amount.
In sports, if I find myself unsure, it's better to just think again and wait for there will be another opportunity.
In sports, if I find myself unsure, it's better to just think again and wait for there will be another opportunity.
One thing about not disciplining oneself in their bankroll or the amount that is proposed for gambling at that period is whenever you are striving to make some potential winning you began to see that the more you keep increasing to win higher the more you lose money. Increasing your bankroll doesn't guaranteed your winnings instead how skillful are you while choosing and selecting your games, it could be a single bet but if the predicted game plays according then you keep winning it's better to win little than increase your wager and lose higher amount.
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?
Have a gambling budget which should be like 5% of your weekly salary and it should not be more if you can not afford to lose more than that. Just bet with it like you can win it lose or the way that you want and enjoy gambling. This is what I am doing and I am not going beyond it which would be unhealthy for me. I am not expecting to make money from gambling anymore. 
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?
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?
Experience is still the best teacher what happened to you is I'm sure a big lesson for you that you will take note of whenever you face a similar situation, when I was just starting I thought I could do better but I had to lose and mismanage so many times to get the discipline I want, it's a roller coaster ride when emotions are high, you just want to stop but you feel you have something to regret if you refrain yourself.
I finally realized that it was no use riding the emotion, you have to find a way to refrain yourself and you can do that by remembering you've been here a lot of times and you know the outcomes, so the key here is to remember all the bad situations and do the right thing and that is to stop.
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?
Lost all of the money I've planned to spend on gambling in one game of dice because I was frustrated and the other opponents are taunting me and are being annoying so I just dump all of the money in one go and then it's gone, just like that. That moment was so heartbreaking to me at that time because I was trying to learn how to discipline myself in terms of being stoic and not giving in to outside pressure and so I promised myself (again) to never do that kind of shit again.For me, as my story have included are the factors of emotions and the people that's around you, emotion is going to be a big problem especially if you are easily influenced by it and so your action suffers like what happened to me, I let the instigation and annoyance to drive me to go all in in just one game. The other factor which is peer pressure or just the influence of people around you is a big problem because you're under the impression that you need to impress them and that if there's a challenge being issued, you have to save face so the people around you don't see you as a sissy or a coward.
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?
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 winning and you are not happy it means that you are winning which is great in itself as I have been losing consistently from quite a long time now.Since this is happening quite a lot I manage the balance now by placing small bets in sport by copying other people bets and I don't touch slot machines or other games that can drown your money in a very short amount of time.I know managing the bankroll is super difficult if you feel the urge to continue playing but if you let yourself loose on it only problems will be on your way,so better to stop one moment and reflect cold headed.For me the strategy of entertaining myself by copying other people bets works great.
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?
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?
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