Topic: How discipline are you in managing your bankroll? - page 4. (Read 1628 times)

Good point, you need to be focused if you want to stay responsible. You pointed out that it's a cycle of wins and losses and also a balance with how you manage your bankrol. It's not easy as we might be when you are already on the table playing, or you are already picking your team to bet with your sport betting, there are many factors that you needed to consider as it will influence the outcome of your sessions.

Be sure to have everything in place before taking your step inside gambling, knowing the limitation and properly executing your plans and strategy will help you to stay in control and to keep your bank safe.

We typically consider victories "free money". Its not free. At most, it refunds past losses. Remember that gambling is a cycle of wins and losses. Considering winnings free cash? A slippery slope. It distorts our value perception. Now we're wagering more, risking our earnings and possibly our cash. Mindset issues arise from this habit. We must be responsible with all our resources, not just the winnings. The key? Self-control and awareness. We must break the cycle, think large, and control our urges. Thats the true game - not at the tables.

Yeah, most of the time, those gamblers who think that the money that they have won serves as your free money to continue betting. If you have that mentality, things might go wrong, as instead of making money fail, it can turn to losing more when you fail to save your earnings too, as most of those people who continue to play, they're going to lose it back and worse, they will add more money and, with emotion upon they will continue failing and continue to frustrate themselves and keep bringing more to the house.

This is very common and yet we need to avoid making that kind of mistake, as it is easy to think of the money we have won as free money that we can use to gamble even more or to raise the size of our bets, however if you really think about it this is not the case, as it is likely that amount of money does not really cover all the losses you have endured on your time as a gambler, so being irresponsible with that money is simply a bad idea as this could lead you to become irresponsible with the rest of your money as well.

When we say sell-discipline, it is applicable in many scenarios, such as disciplining in not gambling or disciplining in limiting our money in gambling. Maybe that is what these virtues apply to, right?

Although the fact that we now have discipline brings a lot of good things to the truth, at least we can use it, whether it's online or whether the condition of an individual is good or bad in my understanding. I just don't know if I understand what I'm talking about.

At last both the high stake gamblers and the ones that couldn't afford that much on bets were still placed under the same category of risk for winning or loosing, we should know that even gamblers are more experienced than each other, though we shouldn't get the whole thing wrong here to have thought about winning by experience, that was not where am going to, but being experienced will let you decern well that it's not by how far you have staked or being betting, but how you're being able to understand the whole decision making process while gambling.

Yes me either,  I won't take such route because high stake equal a higher chance of losing since the risk level will automatically increase due to the higher wager or odds and most times sports bets are only sure if they are made up of just one game selection and for that,  if you already have two games on your ticket it then means that you are going to be taking a higher risk since any of the games can catch your tickets.

But then also,  those that stake this kind of bet are already used to it and are aware of the risk and haven't a long time experience with some amount and regardless whether they win or not,  they always cover upnwirhnrhennexr big.

As long as we have put in for gambling, irrespective of the game played or the kind of bet we made, we are not making it as an Investment and no matter how good we are at it, why this is so is because we never knows the outcome in what we are betting upon untill the final result is out for us to discover either winning or loosing, some don't mind loosing their money on gambling while some do.

I would not go that far to call sport betting an investment. It might be an EV+ game, but it is still have some luck factor and that luck factor can wipe out your balance after the end of the round.

A high-stakes game means more difficulty in managing the bankroll. While we talk about a 10% max of bankroll on any single bet, these people might go for more than that and end up with a loss. Personally I would never go that far unless I have some insider news.

Discipline here means less gambling from the player's side, which kind of negates gambling altogether.

Since the total rewards are calculated based on your amount staked that means that having a big amount in bets is what gives you a good amount in winning and that way also you have the chance of lowering your risk by selecting only one game odds and making a big stake on it to give you big rewards.

But those who are involved in such high-stakes bets are those who have taken sports betting as a way to make money in the form of investment.

OK, I think I understand what you mean better now, it is indeed true that having a big bankroll in gambling does give a gambler a good winning edge over those playing with small bankroll, but like you said, the gambler must learn how to manage their bankroll, if not, he or she may like loss it all in a twinkle of an eye.

It's like what you said before in your previous comment that, the more money a gambler have in their bankroll, the more they engage in gambling activities, a gambler who is out of control may even find him or herself betting on games which ordinarily, he or she shouldn't be betting on because he or she lack proper knowledge on such game or sports.
Big bankroll could be a temptation to the gambler if the gambler lack self control, so before a gambler get to that realm of managing a big bankroll, he or she should or first of all master self control, else, he or she may just end up wasting the money.

The gambling should be played with some good capital as like the investment of big money for the business to get good mobey as return from the business.Because the high investment should be not allow to get out of the gambling at the mid level of gambling by no money.The money used in the gambling should be take responsibility by the gambler.Because if they loss of big money make him easy blame of gambling site after the loss in the game.This was reason for the some gambler with the minimum bet for the safer gambling.But the fact is the winning for such gambler will be very low compared to the high money using in the gambling.High risk of money will allow the gambler to make the big money,the tactics is most important one.

When you are still gambling or still frequently involved in the activity then losing will continue to be you for you, that means self-control and some limits will not completely make you avoid the potential of losing because losing and winning cannot be eliminated in the concept of gambling, but it will be very useful for a preventive measure so that the risk that will befall you is not too great and you do not suffer too much with the negative impact that befalls you.

Of course, once you've got a big win, that's when it all starts, some limits can easily be alienated as your expectations become higher as a result of the previous big win, in fact, if you manage to get a big amount like that then in the next session you will also hope for a much bigger amount of winnings. That's what makes most gamblers experience a big defeat, not that they can't win but the way and mindset they carry makes them lose again, isn't it? and the wrong mindset makes them unable to make proper considerations about what exactly is really good to make a choice, so it's not strange anymore if they run out of money then they will not hesitate to borrow because their confidence in winning is very high.

Well, please don't make some people or persons without much experience in gambling believe that using or betting with big amount of money is a prerequisite to becoming settled in life, if you are betting big amount of money, there is always the possibility of losing it, and if for whatever reason, you spend an amount of money you can't afford to lose on gambling and end up losing it, rest assured that will surely create some financial problems for you.

So, it is very important to gamble wit caution, don't bet with big amount of money simply because you want win big, most especially, if you can't afford to lose such an amount of money, wining in gambling is not constant, and as far as I know, most gamblers today are in red, if we check the amount they have won from gambling in total, and compare it to the amount they have lost in total.

You know what, it's not about the ranking or rate you give yourself on how good or bad you are in managing your bankroll. It's clear that most of us are struggling with our own ways of management either in bankroll gambling or anything that requires financing. But what's important is how well aware we are in dealing with these things. IF we know that we're not good on it then that's so much better than someone who rates himself with a bias and lies of 10 out of 10.

There's always room for improvement and even if you're thinking like that, you still need to hope for the best because you're thinking about yourself and it should be all for your good. No matter how hard it is for you, you still have to see that you can improve that discipline.

The self-control was the important one to prevent from the loss in the gambling.After the big win in the gambling,the gambler will do the gambling for the longer period without any limitation.They will do tje gambling with the energy get from the big win in the gambling.Every win in the gambling will give the positive opinion about the gambling to the gambler.So whenever the gambler get money from the other sources, he will ready to use for the gambling site.If the gambler placed big money all the time in the gambling site,this help the gambler to get settle in their life using the gambling site.

Still that self-control manage to dominate and addiction still avoidable if you will not exceed from your set target, even you are aware that losing is a common outcome with that kind of limitation and not trying to add more money in you bankroll will help. It's not easy as there are many factors that can drive you to keep playing and chances of being excited and wanting more can lead you to add money when things did not go according to how you expect.

But if you have such limit and you are good at managing that self-control, you are really helping yourself to avoid that big danger behind this activity..

Bankroll management is the key to building our fortune in gambling, without it we are always going to struggle and be at risk to lose large sums of our money. For a few years I have some strict rules to try and preserve as much of my bankroll as possible. The first step each month for me is always to set a fixed limit on how much money I want to use for gambling. Splitting down my bankroll into smaller installments for each week to gamble with, gives me some freedom to decide how much time and money I want to spend, while also limiting the total amount I can use. The second step is to be happy about my winnings and take some of it out from the monthly gambling allowance. Like that I ensure that my bankroll is growing and I avoid the risk of losing all my winnings again. For me the key of bankroll management is to avoid going broke, because then is everything lost and we can not recover again. A good approach here is to use a percentage of my total balance each month for gambling. So, when my bankroll is growing over time I can use more money for gambling, and when I am losing I also have to cut down on my gambling sizes. In case you struggle with discipline, make an excel sheet where you write down your bankroll and how you are going to limit it. Only make transactions that fall within your limits and keep changing it over time with your bankroll.

Perhaps you got me wrong. I do have funds in my gambling account, it's a different thing. What I explained was that I make sure I manage my bank/debit card and wallet account carefully away from gambling activities so that I will not be emotional to deposit more than what was planned or needed or some amount based on a lack of sense/self-control due to the prevailing mood at some time.

I am just being careful and not that I don't have sufficient funds in my account, it's sufficiently funded. However, once the account is funded, there won't be sufficient money in the bank account/debit card or the wallet that funded the account. To simply it further, I have my "service" account where I do the online transfers that I don't allow to mix with my major accounts, and in that account, I do my gambling transactions as well. I only fund the account on purpose. Meaning that, there will not be extra money in it even if I want to behave erratically due to my mental state. This has helped me to plan my gambling budgetarily instead of just transferring directly from my major bank account or wallet. Once the account is funded, I can use those funds for months in some cases and even make withdraws until there will be a need to fund it again, but sensibly this time and without being pushed by anything.

If you want an honest response, I would say that if I scale my bankroll management from 1-10, I would probably score myself around 3 at best, I'm unstoppable when I start gambling so I put myself at the lower number and the reason why I'm at 3 is because I'm still aware and at the same time know how much money I would put in my gambling fund so even if I go overboard, there's still that sort of a stop gap for my stupidity which inevitably happens. I don't hope to improve my discipline in gambling because I feel some sort of pain whenever I try and restrict myself in gambling, what I'm doing though isn't as harmful as you think because it's somewhat consistently scheduled for about once a month so I'm not going broke when I gamble.