Topic: How to maximize winning potential and control excessive gambling habits - page 7. (Read 1193 times)

Some members or gamblers on this forum have used only two to three paragraphs to describe how to manage bankrolls in different topics, but you seem to be writing way too much for just a few points that needed to be grabbed. Well, bankroll management is a very vital aspect of gambling, and if well managed, a gambler can hardly become an addict. And, like you said already, new gamblers who find it difficult to manage their bankroll are the people who are in danger of addiction. Bankroll management can even make a gamble to be more careful because they are aware that if they gamble recklessly and lose all the money, they cannot continue until next time. 

This part matters alot because gamblers always lose focus from the original plan when they are losing. After two or three loses, you will notice desperation and anxiety to win back what have been lost so it may lead to increasing the risk appetite which means more risk in accumulating to the loses.

So taking a break is a safe guide to coming back stronger and keeping to the existing winning plan with bankroll management. If you risk so much of the bankroll, you have lesser chance of trying to get back after losing but minimal risk will give opportunities for more games or bets with the bankroll you have left.

True, I'm also one of the people who gambles that will keep records in everything, what I mean everything is everything because every bet, expenses, status if lose or win I record it, I created my own organized spreadsheet and as an IT graduate creating such complex spreadsheet is easy, I created a spreadsheet so that I can keep track if my initial capital is growing or losing meaning every week I have an allocated funds for my gambling habit and by doing so I can monitor if my capital is increasing or growing so that I can have my own limit, If I see in my spread sheet that I'm losing it all then I know when it happens and I can see what I have done wrong, tracking records could also be a good data so that a gambler can analyse where he is winning the most or what gambling games to avoid. If I can, I want to make my own software, whose purpose is to track and record all my gambling activities.

Most gamblers hurt themselves when they look up to some "successful gamblers" as role models or even engage in an unhealthy competition with these successful gamblers without taking out time to evaluate the financial positions of these gamblers they look up to and themselves. Most of these successful gamblers are already rich and can spend huge amounts of money on just one game without feeling the impact of that amount that left their bank accounts. Obviously, they are gambling with amounts they can afford to lose.

Imagine a common gambler who is not doing so well for himself aiming to gamble above his limits, the end can disastrous if he is not lucky. This set of gamblers need the lessons on how to manage their bankroll the most. If they can successfully manage their bankroll, then that's a good way to start with instead of engaging in unnecessary competitions with those that are far ahead of them in terms of finance and effective risks management.

Most times I hear people say, betting or gambling with small amounts does not give big wins. Others feel that being extra careful as a gambler does not guarantee success as. The most important benefit of managing your bankroll as a gambler is not necessarily to maximise profits, yea  profits can come anyway, but this is gambling we are talking about. The most important benefit is that it helps to reduce the risk of significant losses.

For gamblers who are only interested in making profits, who are persistently chasing losses, they will never pay attention to this aspect of gambling that helps to reduce their risk of significant losses. This is why we have lots of cases of gamblers with gambling problems because losses in gambling are inevitable no matter how skilled you are.

No good technique for gambling is a waste. If its truly a good technique, two things are involved. It's either you maximise profit or you reduce your risk of significant loss. So, play safe.

the main reason why gambling addiction is on the increase and people are still struggling to break free from it and are still unable to do so is because most people just go into gambling without a single plan at all and end up allowing there emotions to come in Thier way making them to continue gambling as long as the funds is in Thier disposal and only realizes they've gone too far at the moment they've lost all thier fortune to gambling.

proper planning isn't a concept that should be joked with in life or else you put yourself in a situation were you just allow things to fall into place by chance and become an unfortunate person most of the time.

For me, it's necessary we first off establish the fact that gambling isn't supposed to be your primary hustle. You don't gamble as though it's your surest root to wealth creation. Set out a weekly amount you wouldn't go above regardless of the urge to doing so, and even when you're lucky at a certain week, don't try to be too smart and go all in to increasing ty amount all of a sudden. The big players win big and there is no doubt about that but most of them are financially strong to athe point were losses don't move them that much and they can easily recover from thier losses in there next big win and even if it doesn't come as fast as expected, they wouldn't still be at a serious diadvantage as most of them have an active business that's still fetching them money. As much as possible, don't ever get tempted to gamble with your business money regardless of the urge. It's an irresponsible act and wouldn't serve as a good recipe for your business growth in the long run.

Enjoy your gambling but the key has always been to Gamble responsibly.

That's safe and secure for rich gambler who owns a huge amount of money, bankroll for average player isn't applicable. Though it's a way and strategy to maximize potential winnings, I don't think controlling excessive gambling habits would be possible. When a person is lucky enough to win by all means of strategic approach, then there's no hindrance as long as it's for you during that day. Choosing to control ourselves, depends on our attitude based on reality.

I'm also impressed by that kind of people, and by those who not only track their bets but also other expenses like electricity, groceries, etc. I think that such a tracking can be positive in many cases, some people may even need it to feel more confident.

But I personally prefer to keep it simpler, always setting limits and making decisions if I'm about to break any of them, though.

To be honest what the OP said we always talk about it in other threads, along with some of the consequences that will be caused regarding a gambling problem that will have a bad impact, but indeed we need to refresh the discussion and continue to remind, because human systematics always ignore and forget, so it is necessary to renew the warning with many different thoughts in different ways even though the goal is the same, namely gambling responsibly.

Fund management, self-control, time management, decision making, self-limitation and others are our efforts to not do badly in our gambling activities, often people lose themselves and their money because they cannot identify what to avoid from excessive gambling activities that allow fatal bad effects on gambling, I think some people need to be specifically told and harshly warned if they are not aware of what they read here to prevent it, because if they are bad at managing money and personal emotions, it will lead to very bad habits, so prevention from today needs to be changed and aware of the possibility of getting big losses if they cannot manage personal funds and emotions when we like gambling as a place to have fun.

True, one of the important things about having a bank roll is to minimize the risk of losing or depleting other sources of funds, in that way, we learn to limit our gambling based on how much we have in our budget.
It can also help us to evaluate the gambling time we spend each time we gamble as well as tracking our spending habits and having a bank roll makes it easier to know when we should stop or continue gambling.

I don't believe that someone who is irresponsible with gambling is suddenly going to change and become responsible because he starts to manage a bankroll. And besides, the bankroll thing doesn't make sense in many cases because if you're a casual gambler and you play casino games, you're going to have money tied up there that's of no use to you.

For skill games it is a must to have a bankroll. And in casino games if you are a regular it is an option. But as I said, I don't think that a degenerate gambler who goes to extremes that make him resent his relationship with his loved ones is going to change because he has discovered bankroll management.

Of course, we should be able to manage our bankroll well, especially if we really like gambling. As much as possible we have to gamble well and responsibly to avoid bigger losses, with those who experience a lot of losses of course because they can't manage their bankroll well, so they continue to gamble non-stop because they think they can get big wins. by gambling. even though we should prioritize our needs over gambling, what must be done is that they must be able to fulfill their needs and put aside their desire to gamble.
with those who are addicted to gambling, of course they sometimes cannot manage their finances well, even with the money they should use for their needs, but if they are already addicted, it is likely that they will think about doubling their gambling in the hope that the capital used can double and more than enough for their needs. That's true, of course gamblers must be able to restrain themselves and gamble wisely, including their finances for gambling. But this is certainly difficult to do if they are addicted to gambling.

the importance of bankroll management in gambling allows gamblers to be able to gamble more wisely and responsibly. they can gamble more safely and at the same time they can manage their finances, so that gambling will not affect their other needs and it will prevent them from unhealthy and irresponsible gambling practices. indeed, it is not easy to manage a bankroll, since gamblers also need to exercise restraint and be wise with their money, but if they succeed in implementing this then they can gamble responsibly.

Others would even take things further by tracking every bet they make through a spreadsheet. I'm always impressed by those kinds of gamblers since it can become tedious if you're the type to place tens of bets throughout the week.

That's somewhat true, and aside from that, the consistency to control these emotions is also important because we sometimes repeat the same mistakes despite knowing the solutions.

Certainly, it all boils down to how you manage your funds and building self-discipline when gambling. You cannot expect gambling to result into positive gains, that’s why you have to be cautious on where to put your funds and manage your bankroll wisely, so you can avoid too much losses and maximize your winning potentials. As much as possible, do not cross your limits in gambling, that is the best option to stay in track with your betting habits.

Anyone who only reads the title might think that with these tips they will be able to profit from gambling, when in fact they will not be able to profit from anything in the long term. I have always said that bankroll management is something that will depend on each person's monthly income and what that person will allocate for fun each month, when people manage well the monthly money they earn, they can know At the end of the month they will put $100 towards fun, and they can make a list of things they intend to do for fun and then divide the money for each thing. But what has happened to most people is that they start to look at gambling as the only source of fun or as a way to earn a lot of money quickly and this is what leads many people to ruin.

While I appreciate your list about how to control gambling habits, it still going to boil down to our emotions. And that will surely be agreed by other gamblers.

If you are in the right emotion, you'll set a budget, you'll play safe and all of those that you have said.

And you'll also not going to be greedy with any amount that you win. You will take a part of it so that if ever you gone out and lose, you are not going to lose all of them.

It'll all boil down to self discipline concerning one's betting habit and wagering patterns. If you are easily affected by your emotions, like betting aggressively after a losing bet then you're not really doing it right. If you aim to maximize the chances, it would be best to stick with a certain betting amount. Gambling is a game of luck; you have no guarantee of both winning and losing, however loss should be always anticipated 'coz it would limit you on betting more than what you can actually afford to lose. By means of controlling the betting amount, it will allow you to have more chances to win.

If you have $100 to bet, it would be 10 chances if you will be using 10 on each game than to just go all out and have nothing after a single game.  Giving yourself 10 chances will also to assess whether you are lucky or not for that day, which also avoids the idea of you being frustrated and depositing another amount to force a win.

When you say excessive gambling habits you are referring to gambling addict, and controlling a gambling addicts is basically can be achieved when you keep the person out of cash, secondly when you also engage the gambler to a function that will take almost all his time for work and others, what I believe in gambling habits is that when you have the funds and you are addicted in gambling its difficult to be controlled neither you are catching fun or you're gambling base on you love gambling, some persons love to gamble and make money and some persons love gambling to be entertained depending your objectives in gambling,so basically gambling have a spirit and when you gamble to the extent of spirit of gambling coming in you, that means it will be uncontrollable.

Interesting question mate, I think you have first understand the concept of bankroll management and the first step setting a budget,

Setting a budget doesn't have to be big funds it could also be small and affordable funds, it's just bring out a specific amount if cash for gambling for a given period of time, let's say I earn up to 20000(speaking in my local careers so yeah it's quite lower in value to dollar) and I an decide to give only 1000 to gambling as my budget or even 5000 as my budget,
Then the next step is to determine how much from that budget would be your stake ratio, you could decide to stake only 10 per game or 100 per game it's your choice and I think this should be relatable to the amount you have at hand.

So if you understand this you would know that bankroll management doesn't really demand you to have huge income, its just a way to gamble right and not giving out more than you should and at same time staking smartly.


Your right, I also found out that people that tend to gamble in local casino or bet shops have little luck with applying bankroll management cause they have more tendencies to be more aggressive gamblers than most, but this strategy works best for those that gamble privately and want to utilize gambling as a source to get some additional money and not as a life changing money or getting greedy about it, worse of all is that people that are most greedy in gambling never get rich off it, it makes them poorer cause they would of wind up making bad decisions over and over again.