Topic: How to be discipline in managing your bankroll? - page 5. (Read 1328 times)

That's a very good point about keeping things tight in bank management, especially for sports betting. In fact, this is very important in a vast number of instances where some people go along with the trends and end up placing a lot of bets than they could afford. It keeps things stable, therefore, by having a tight budget, as you do.

I do the same. However, depending on the risk of my bet, I adjust my savings percent. For riskier bets, I may take as low as 1-2%, especially on bets that I consider more confident. I may increase it to 5%. It is all about protecting your bank while staying in the game long enough to see bets having real value.



You make a good point many casual gamblers don't follow a strict bank management strategy. And that's okay if it's for fun. But the important point is discipline. Whether you bet randomly or try to use a strategy. Without leadership, it can be easy to lose control and overspend. This can lead to bigger losses than you expected.

To me, the whole point of bank management isn't just about maximizing profits. But it's also about avoiding emotional decisions, like chasing a loss or betting more after a win. Even if one doesn't follow the strict system. But at least I think it's important to have a sense of how much you're willing to lose before things get tough. It's important to run out of hands.

Not sure if it's a typo or wrong calculation as 1 to 5 percent of 2000$ is around 20$ to 100$.

Anyways, I've used a similar method of managing my bankroll for gambling especially that I treat gambling now as a hobby instead of a way of earning. I don't calculate my bankroll based on percentage of my income rather I set a certain amount of funds that I can gamble like 150 to 200$ a month. I slow roll this amount to make sure it last a long time especially when playing dice and slots. In instances where I win, I let it roll over for the next month so that I'll a higher bankroll to play with until it reaches a significant amount where I withdraw my winnings.

However, there are times where I will go over my limit especially when sportbetting on interesting match up and games.

It's probably that the OP just wanted to manage his bankroll, and if you have followed his thread on NBA betting, it could be that this strategy is very effective to him, hence he want to share it here or maybe ask others for a better strategy on managing their bankroll.

However, for the majority of us maybe we really don't care about any bankroll, maybe we are not consistent on betting that we will just deposit anytime we want when we want to play or do sports betting. And with that, there will be no discipline or at least no managing of bankroll.

Seems you are misunderstood everything here from what you are saying, I think what you are trying to say is to keep using 1 percent for each bet and that is not what op is saying if I get s/he correctly. What I sense is that you can only allocate 1 percent of your total income per month to gamble for the whole 30 days if you are those types of people that gambles every day and that is only in between the 1 percent you have allocated to gambling and not in every single bets, and like I can see if someone monthly income is 100$ or 250$ this implies that person can only stay within 1-2.5$ to gamble within 30 working days and there is nothing much about this. Anyone who maintained this can actually make a good gambler without being addicted so easily and anything more than this can easily leads to addictions as well.

I don't think this saying has to do with bankroll management. I think bankroll deals with how you manage your bet funds with a clear and detailed budget so as not to gamble beyond your limit. Bet what you can afford to lose as a regular saying in gambling connotes betting with an amount you can gamble without going crazy if you lose it. It doesn't matter whether you are gambling with your whole salary or a small percentage from your income as far as you can afford to lose the amount you gamble. Bet what you can afford to lose is best practice when you designed a bankroll to assist in managing your gambling activity. To some, bankroll is not necessary since they can gamble at any time with amount they can afford to lose but that's not ideal thou.

However, there are players who do not think about the risks and play for too much of their salary. This can reach half or more, in which case the player no longer controls his bankroll, because it influences his life too much. Sometimes in such cases I think that it is not the player who influences the bankroll, but the bankroll that dictates what to do because of too much pressure on the emotional state of the player. The bankroll should be optimal after all, so that we feel comfortable playing and make fewer mistakes.

If you say that your bankroll should be no more than 1%-5%, then with a salary of 2000 it will be $100, and not $200 as you indicated. But the essence is clear, you allocate a small part of the salary. And if you know the business of betting, this amount should not be replenished every month, because this would mean that the player loses his entire bankroll every month, which hints that he should not do this.

And if you bet no more than 1% of the bankroll (in our case, this is $100), then the bet size should not exceed $1, which seems like a very small amount and this approach shows that the risk level is very low, and it seems to me that making 100 bets per month is a lot, and at least for me it is almost impossible. The essence of your approach is clear, but it seems to me that with such a budget, you can try to increase the bet percentage from 5% to 10%.

Is it enough for sports betting? If it is enough, then the percentage in managing money from monthly income will make it easier to control it. If it is not enough for sports betting alone because besides gambling on other games such as slots, then it will not be enough.

Gambling should be like that by setting the money that will be used each month. As long as the next month has not arrived, then we have no choice but to refrain from making another deposit to play.
In my case, I am not really interested in spending a lot of time for a whole week gambling. At most in one week I only use two days to gamble and the type of gambling I bet on is not only on sports betting, but also on slots.

In as much as every gambler has different preference on how they see gambling, it's also applicable to the amounts they tend to use to gamble which requires them to either be discipline with their bankroll or not, I may decide to use 1% as my allocated budgets for every gambling and you also have yours and as well others, because our income range it's quite different from one and another and the amount you can afford to lose is quite different too, so when you talk about strategies we all have multiple perspective and so everyone uses when one that's best and comfortable whereas enabling them to manage their bankroll the way they ought to.

Before you place your bet, you must know how much money you will use. You don't have to bet with a huge money if you have many things to buy or fills and not think about make money from gambling because that will difficult. Learning about bankroll management is necessary to control your money to playing gambling so you will not spend too much money. If my salary $200, I will only use not more than $20 which mean that is less than 10%. I guess that will enough for me to playing gambling with that for a month. But my stake per game will be less than $5 and when I want to place a bet, that will be a small money to be used. Besides that, I don't gamble every day so that $20 will be good for me.

I will never allow such advice to get to me, I've make posts on this forum about gambling addiction and I am surprised that hero members are saying the more you wager the higher your winning rate, this sucks, even if it work for them it can't work for everyone, because automatically gambling is created in such a way that it benefits the casino more, either huge and small wager you will lose or win, it is just the way it is.

I don't like this advice coming from high rank members but what can I do? Even more fair way of making money still don't work for everyone, we are all different even though we are all human, gambling is high risk and it is safer to risk very little amount from your hard earned safe only, whatever happens will be embraced, either you win or you lose.

Lucky are those people who can afford to spend about $200 a month on bets. Today, for me, this is a monthly income. Yes, you heard right. At the moment, I have even less than this amount to exist in this world. I have to somehow get by with such money and not allow myself anything extra. I even become envious. Sometimes, I really want to bet on my favorite team, but there is no opportunity. Perhaps, higher powers protect me from something and do not allow me to fall into the financial abyss, which is full of debts and loans.

For some people, without a proper budget they might get carried away and even bet money they do not really have. Some of them might even loan just so they can bet. That’s why it’s not recommended for these gamblers to gamble without proper allocation of money. But if you are someone who knows your limitations and is able to stop himself when losses keep coming then I guess it’s fine to not manage your bankroll too excessively.

I think it's possible to be disciplined in managing your bankroll if your choice of games is sports betting & poker. In that way, you don't bet every day, you carefully choose your games and how much you spend on them... but for us who like to play lucky-based games, it's hard to manage bankroll. Many times I win on sports and lose on slots, or I win on dice, and then I spend it on other games

So basically I play with what I have... depending on how much I think I can spend & mood I choose a game and hope for the best while I enjoy playing.

Yes, I myself always do the same thing with more guarded money management and indeed it can be very helpful to stay in control and not act recklessly to lose more money, but for me personally, I don't bet every day because there are certain times and also see various conditions and situations from the schedule of each competition that I like.
Usually the weekend is the main choice because there are many betting schedules and for the others I usually see in advance which teams will compete and see their respective statistics to make predictions, if it feels difficult to win or the team cannot be guessed more securely then I will prefer not to bet, this can also save more money in the bankroll balance of the gambling site account used.
But for the most effective financial management in my opinion is to set an amount for each week, say a month I decide to spend $40 then in one week I should not spend more than $10 and this is the approach I always use, if win and in large amounts then immediately withdraw it and leave all the capital as before.

I think you misunderstand. One thing is the bankroll and another the maximum bet according to that bankroll. The bankroll can be the $200 (let's say he had the casino account at 0, he just got his paycheck and he deposits that $200). According to that bankroll he bets a maximum of 5%. A 5% of 200 is $10, that's the maximum bet he uses, and a minimum of $6, as he has said between 3% and 5% of his bankroll.

However, setting limits is something that needs to be done in gambling, when we have an income does not mean we can gamble continuously without stopping or do it blindly, that is not the right action. When we have an income then we must be able to balance it where we must prioritize our daily needs, with needs that have been met and there are funds left over then it is not wrong to allocate it to gambling, and if there is still a lot left then set limits not to spend a lot of money on gambling. Discipline is something that must be possessed by people who like to gamble, in my environment there is a household that is destroyed because the head of their party is addicted to gambling by not being able to be disciplined in his finances where he spends all his salary for one day on gambling with the current situation the assets he owns such as houses, cars, and motorbikes become victims because they are sold for gambling even with his own relationship with his wife being in disarray where a divorce occurs because of the situation that is indeed made chaotic by the husband who is addicted to gambling by not being able to limit his desire to gamble.

I don’t use such method that has a fixed percentage based on my salary because what if your salary is too huge which means 1% to 5% is already huge amount which you might can’t afford to lose already.

For me, I have a fixed amount in mind which I use to gamble regardless of my salary. This amount is I can afford to lose immediately since I’m already used to this bankroll amount.

However I don’t want to discourage everyone to use OP method because it’s a good method if you are still not good on bankroll management since you can have a pattern that will guide you slowly until you can do it on your own.

Please correct me if am wrong, but with what I calculated, I think 200$ of 2000$ is actually 10% of your monthly income and not the supposed percentage you said you are using. Although 10% of your monthly income for gambling is still relatable but to some extent the actual main importance of everything is actually to stay with what you have said and not do against it because sometimes the main battle is not even setting aside the amount as the issue is not to gamble more when in situations you used your supposed percentage at the very beginning of the month.

When it comes into this aspect then if i do make $2k per month then the entire month budget would really be sitting around $100-150MAX when it comes to gambling spending and never ever go beyond that line.

One of the best things that you would really be able to do is no matter what kind of betting you would really be putting up on each game as long you wont really be able to reach up such threshold
then this is something that you will really be that minding into. It wont really be that much of a concern as long you are really that in moderation on trying out to divide your bets.
There would really be just that those individuals whose really that goes beyond their limit on the moment that they had depleted their gambling budget.

It will really be needed up that extreme will and discipline or control in speaking about on the things that you would really be dealing on with specially with gambling.
Once you do lose that  control then you are bound on messing up your life because of that action.