Know what bankroll management is in sports betting?

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Quote from: mirakal on December 05, 2020, 06:39:48 PM

Sometimes when I'm frustrated I also do all in, the thrill is very high, you'll be happy when you win but you are will be so disappointed when you lose.
I don't like that kind of feeling as it will only affect my future bets, and that's being reckless which will lead to still losing in the long run, our bankroll will not stand long hence it's not ideal.

I guess many gamblers do what you did Grin

Frustration will be at the gambler's side, especially when they lose many times before. They don't even think to stop playing, but they play more than before. If we can not control ourselves, we will hard to stop because we want to get the money back, and we hope that we can win a lot of money. In the long run, it is not many gamblers who can survive and get their money. It is happening not just in sports betting, but it is also happening in other gambling games.

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Quote from: freedomgo on December 04, 2020, 10:26:48 AM

Quote from: acquafredda on December 04, 2020, 04:26:44 AM

Liking sports (especially football) very much I always tried to mix my passion with some money making. Following football allows me to be mostly on top of things with games, mostly Serie A, and I usually place a bet-slip when I can. My bankroll management is very simple, I decide how much to bet and I pick the games. I have had a small decent profit over the years but it was important not to turn this fun game into an addiction.
I also enjoy placing bet-slips because I pick the games with a few friends

So how do you manage your bankroll actually?

What's the size of your bankroll? some gamblers put a decent amount of bankroll, for example a gambler has $10,000 bankroll and he will only bet $100 per bet regardless if he is so confident or not in the game, he stick with his plan because he is discipline in managing his bankroll.

Are you doing the same?

Not even that man! I am playing really for fun only. I usually bet something like 10 EUR per bet-slip with an expected profit of 250/500 on average when playing from 5 to 7 games. I would never even think of betting all that much! Wink

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Quote from: Lanatsa on December 05, 2020, 05:57:06 PM

Quote from: ronaldo40 on December 04, 2020, 03:41:49 PM

I know what bankroll management is just a pity that I never stick to my own rules and use my entire stake Grin

Common problem of most gamblers on where they don't have such limit when it comes to their own money and just simply stake it out all or type
of gambler who do love to go all in from time to time.

Well, we cant blame you though since its your money and you do have the full control of it but on the better side then it would be more worth
and entertaining if you do set out some minimum bet to prolong your game.

It might bore you out but this is effective on not to bust as early as possible.

There are gamblers like that, like me, lol----

Sometimes when I'm frustrated I also do all in, the thrill is very high, you'll be happy when you win but you are will be so disappointed when you lose.
I don't like that kind of feeling as it will only affect my future bets, and that's being reckless which will lead to still losing in the long run, our bankroll will not stand long hence it's not ideal.

Lanatsa

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Quote from: ronaldo40 on December 04, 2020, 03:41:49 PM

I know what bankroll management is just a pity that I never stick to my own rules and use my entire stake Grin

Common problem of most gamblers on where they don't have such limit when it comes to their own money and just simply stake it out all or type
of gambler who do love to go all in from time to time.

Well, we cant blame you though since its your money and you do have the full control of it but on the better side then it would be more worth
and entertaining if you do set out some minimum bet to prolong your game.

It might bore you out but this is effective on not to bust as early as possible.

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Quote from: rodskee on December 04, 2020, 05:22:42 AM

Quote from: michellee on December 04, 2020, 12:20:43 AM

Without self-control, a gambler will lose everything. They will not have a chance to see what is happening to them because they don't realize that they become greedy,

All of the addicted gamblers had no Self Control and they don't even know the Importance of Life because for them everything is a gamble.

They are Pure Hope and doing nothing concrete in life,So the end is Losing everything in Lif.

I admitted that what you say is right. It will be hard to have self-control in gambling because all they want to do is just playing gambling. Losing everything will be something that they will get if they don't have self-control, and they will not have a chance to recover their loss. As long as they don't realize what they need to do, they will face adversity in their lives.

Quote from: rodskee on December 04, 2020, 05:22:42 AM

Quote from: michellee on December 04, 2020, 12:20:43 AM

especially if they already win some rounds. No matter how much money you have, without good management to control the money, they will lose all of their money. If they can apply the limitations in sports betting and don't use too big money in one bet, they will survive, and they will have a chance to win. But they need to have more info to choose the right player with a big opportunity to win the games.

They think that since winning comes earlier then Luck will be with them the entire game.
Until Losing all money in their pockets and Going Home totally broken yet what's in mind?is How to Find another money to gamble.

If they think like that, I am afraid that they will not get what they want because reality will sometimes be different from what we expect. Losing all of the money will be hard for them, and if they don't realize it, they will not feel anything except to search for another money to continue playing gambling.

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Quote from: ronaldo40 on December 04, 2020, 03:41:49 PM

I know what bankroll management is just a pity that I never stick to my own rules and use my entire stake Grin

I am just knowing that reading this thread.

I've been betting myself in some online casinos and doing some strategies which is fun. I am not addicted to it, I can stop when I wanted to that is why I am thought itnwould be the same with other people, but it is not. We are in a hard times so I hope you could stick to that bankroll management, its for your own good.

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Quote from: Pamadar on December 03, 2020, 08:32:39 PM

Quote from: Ayiranorea on December 03, 2020, 06:14:18 PM

When your goal is win, first of all you need luck. If you're in good luck then everything will easily turn to be fun. Most of the time this can be achieved when one use gambling for fun, when one is focused on win, automatically if the first roll is a win he'll try to make a win by the consecutive roll. This is where one losses the control.

Things become ugly when you start to see losing streak.

Bankroll management is very important, knowing when to pause and take some air out of gambling site. Those who are capable
to limit themselves can avoid bigger loses they need to have good capabilities stop then play back when their mindsets are already fresh. It's not easy to quit but it's necessary to learned if you are aiming to win and survive in the long run.

Yeah, it can be avoided if you get in with that mindset and not redeposit your losses. I have been gambling since 2014 now and I did the same mistakes when I was gambling for the first time but I have never made the same mistakes since that moment. I can assure that I will not make it in the future neither.

Bankroll management is the most important part of every gamblers life, if you could somehow manage to give it all away right in your first moments, you are not going to be able to stop yourself from trying harder to regain, usually the idea that "if I lost it this quickly, I can regain as quickly too" comes to some people's minds but the reality is they can lose it all again very quickly. So just play it long and spend as little amount of money as you can while gambling.

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Quote from: stadus on December 04, 2020, 05:23:33 PM

Quote from: ronaldo40 on December 04, 2020, 03:41:49 PM

I know what bankroll management is just a pity that I never stick to my own rules and use my entire stake Grin

That's the problem, sometimes we know what to do but we don't implement, we just really need some kind of discipline in order to fully implement the right bankroll management, learning from our mistakes is also very important too. Me either is not so consistent with implementing my bankroll, and I can feel those who struggle as sometimes we have a hard time controlling our emotion.

Because if you are already deep in your game, hard to implement your bankroll management anymore. Tongue

You will say to yourself, next time next time. Grin

But it will always be that way. Unless, you put your funds that will be out of your reach. lol. Self-discipline is your enemy here not anyone else.

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Quote from: ronaldo40 on December 04, 2020, 03:41:49 PM

I know what bankroll management is just a pity that I never stick to my own rules and use my entire stake Grin

That's the problem, sometimes we know what to do but we don't implement, we just really need some kind of discipline in order to fully implement the right bankroll management, learning from our mistakes is also very important too. Me either is not so consistent with implementing my bankroll, and I can feel those who struggle as sometimes we have a hard time controlling our emotion.

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I know what bankroll management is just a pity that I never stick to my own rules and use my entire stake Grin

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Quote from: Questat on December 02, 2020, 06:47:07 AM

Quote from: South Park on November 30, 2020, 01:54:31 PM

It is not as hard as it seems once you realize the path of following your emotions and making a lot of huge bets leads you to a potential disastrous loss then it becomes easier to implement money management skills, especially if you have a system that can generate profits in poker or sports bets, obviously since we are humans and not robots we make mistakes but as long as we avoid making the mistake of not following our money management strategy regularly then we are going to be fine and keep earning money from our bets.

It will start from your purpose in gambling, if you re eager to make money and you are realistic with what you are doing, then I guess you'll eventually learn the proper way for money management or most popularly called as bankroll management.

Nothing is easy for sure, but as you continue with your journey and you keep learning, you'll certainly go at the right path.

Thing is, anyone can do the proper bankroll management, but the hardest here is to raise a decent amount of bankroll as that will dictate how much you are planning to win before you stop.

And now you bring a point that is not brought up that often but that it is very important, the size of your bankroll is key, bankroll management is not really going to work that well if your bankroll is too small, before you begin to gamble you need to raise your bankroll to a decent size, then you need to develop a strategy that is profitable in a game that can be beaten like poker or sports bets and then and only then you can apply the techniques to manage your bankroll so you can become profitable with your gambling activities.

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Quote from: FlightyPouch on December 04, 2020, 11:24:09 AM

Quote from: Botnake on December 03, 2020, 05:52:24 PM

Quote from: Janation on December 03, 2020, 03:22:59 AM

One of the most popular mistakes we've done in the past.

You already lost when you think of chasing for your losses, you should immediately stop if that became your goal. Our goal is to have fun, to be entertained while we risk our money into these games. I think we can also call that greedy since we are thinking we could take it all back and just take back the time lost with wins.

Well no, our goal should be to make money and have fun at the same time, that's being realistic man as no one would have fun if they lose their money in gambling, coming from me who gambles in different gambling sites and have done a lot of mistakes in gambling already.

Controlling your bankroll is a must, but the goal should be the win.

So true. Even though people are saying that it is just for entertainment, they can't avoid the fact that they are there to win, to earn some money or profit. It is up for us gamblers to control ourselves and the money we are betting. If they will just look at gambling as an entertainment without hoping they could earn money, I guess they could just do other things.

When we do talk about main purpose then gambling is really just for entertainment purposes but its really hard to deny the fact that most of us are really longing on making profit via winning certain bets.
Bankroll management is one part that people should really be minding off because if you dont know on handling out your finances on gambling field then you would really bust up on a shortest time as possible.
The worst is that you might able to lost it all in one go if you do let yourself being too greedy.If you do like to entertain yourself then make those amounts to be worth it.
Even if you do lost then you do just simply move on since you had able to get on what you do seek for which is to enjoy.

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I see that there are many people who are concerned about money management, they try different ways to prevent this issue, but they always succumb to their ambitions. One of the main reasons for this is the logic of earning more, but a situation that is followed incorrectly, this subject content is also very informative.

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Quote from: Botnake on December 03, 2020, 05:52:24 PM

Quote from: Janation on December 03, 2020, 03:22:59 AM

One of the most popular mistakes we've done in the past.

You already lost when you think of chasing for your losses, you should immediately stop if that became your goal. Our goal is to have fun, to be entertained while we risk our money into these games. I think we can also call that greedy since we are thinking we could take it all back and just take back the time lost with wins.

Well no, our goal should be to make money and have fun at the same time, that's being realistic man as no one would have fun if they lose their money in gambling, coming from me who gambles in different gambling sites and have done a lot of mistakes in gambling already.

Controlling your bankroll is a must, but the goal should be the win.

So true. Even though people are saying that it is just for entertainment, they can't avoid the fact that they are there to win, to earn some money or profit. It is up for us gamblers to control ourselves and the money we are betting. If they will just look at gambling as an entertainment without hoping they could earn money, I guess they could just do other things.

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Quote from: chaser15 on December 03, 2020, 09:00:42 PM

Quote from: Pamadar on December 03, 2020, 08:32:39 PM

Bankroll management is very important, knowing when to pause and take some air out of gambling site. Those who are capable
to limit themselves can avoid bigger loses they need to have good capabilities stop then play back when their mindsets are already fresh. It's not easy to quit but it's necessary to learned if you are aiming to win and survive in the long run.

In other words, having a discipline.

Bankroll management will be effective if a gambler knows when to stop and not being carried away. You are right that once in a losing streak, things are now starting to get ugly and the bankroll might be depleted contrary to what's the plan.

And in sports betting, it's easy to manage the bankroll compare to when playing luck-based games.

With little experience we can manage our bankroll very well in sports betting, but choice of game also plays a role in it. Mostly people choose Soccer to bet which is easier mostly with low odds but the amount of rewards also will be less. Knowing the games and the players can help us to be more effective in gambling.

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Quote from: acquafredda on December 04, 2020, 04:26:44 AM

Liking sports (especially football) very much I always tried to mix my passion with some money making. Following football allows me to be mostly on top of things with games, mostly Serie A, and I usually place a bet-slip when I can. My bankroll management is very simple, I decide how much to bet and I pick the games. I have had a small decent profit over the years but it was important not to turn this fun game into an addiction.
I also enjoy placing bet-slips because I pick the games with a few friends

So how do you manage your bankroll actually?

What's the size of your bankroll? some gamblers put a decent amount of bankroll, for example a gambler has $10,000 bankroll and he will only bet $100 per bet regardless if he is so confident or not in the game, he stick with his plan because he is discipline in managing his bankroll.

Are you doing the same?

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Quote from: michellee on December 04, 2020, 12:20:43 AM

Without self-control, a gambler will lose everything. They will not have a chance to see what is happening to them because they don't realize that they become greedy,

All of the addicted gamblers had no Self Control and they don't even know the Importance of Life because for them everything is a gamble.

They are Pure Hope and doing nothing concrete in life,So the end is Losing everything in Lif.

Quote from: michellee on December 04, 2020, 12:20:43 AM

especially if they already win some rounds. No matter how much money you have, without good management to control the money, they will lose all of their money. If they can apply the limitations in sports betting and don't use too big money in one bet, they will survive, and they will have a chance to win. But they need to have more info to choose the right player with a big opportunity to win the games.

They think that since winning comes earlier then Luck will be with them the entire game.
Until Losing all money in their pockets and Going Home totally broken yet what's in mind?is How to Find another money to gamble.

acquafredda

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Activity: 1316

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Liking sports (especially football) very much I always tried to mix my passion with some money making. Following football allows me to be mostly on top of things with games, mostly Serie A, and I usually place a bet-slip when I can. My bankroll management is very simple, I decide how much to bet and I pick the games. I have had a small decent profit over the years but it was important not to turn this fun game into an addiction.
I also enjoy placing bet-slips because I pick the games with a few friends

Janation

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Quote from: Botnake on December 03, 2020, 05:52:24 PM

Quote from: Janation on December 03, 2020, 03:22:59 AM

Quote from: kkaroul4 on December 02, 2020, 07:45:30 AM

I think I can do most of what the OP said but I think what I find difficult is the second one the one with the stop chasing losses usually I write down my losses and try to recover it but I think the OP is right we should not chase our losses.

One of the most popular mistakes we've done in the past.

You already lost when you think of chasing for your losses, you should immediately stop if that became your goal. Our goal is to have fun, to be entertained while we risk our money into these games. I think we can also call that greedy since we are thinking we could take it all back and just take back the time lost with wins.

Well no, our goal should be to make money and have fun at the same time, that's being realistic man as no one would have fun if they lose their money in gambling, coming from me who gambles in different gambling sites and have done a lot of mistakes in gambling already.

Controlling your bankroll is a must, but the goal should be the win.

That's nice hearing you're side.

I do gamble but for me it is an entertainment, a game to pass time and not to spend most of your money in there. I don't look at how I loss or win but how I enjoy my wages everyday, I don't do anything I open a site and do some wages. I even have WSOP app in my phone to do some bets but that is different since it does not include fiat or cryptocurrencies to wage.

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Quote from: btc78 on December 03, 2020, 09:19:01 PM

Quote from: chaser15 on December 03, 2020, 09:00:42 PM

Quote from: Pamadar on December 03, 2020, 08:32:39 PM

Bankroll management is very important, knowing when to pause and take some air out of gambling site. Those who are capable
to limit themselves can avoid bigger loses they need to have good capabilities stop then play back when their mindsets are already fresh. It's not easy to quit but it's necessary to learned if you are aiming to win and survive in the long run.

In other words, having a discipline.

Or Self Control,Because this is what missing in every gamblers now,They are being Blinded of the desire Hitting Big win but the problem even how much they Get still will Find higher and higher ending being GREED.

Without self-control, a gambler will lose everything. They will not have a chance to see what is happening to them because they don't realize that they become greedy, especially if they already win some rounds. No matter how much money you have, without good management to control the money, they will lose all of their money. If they can apply the limitations in sports betting and don't use too big money in one bet, they will survive, and they will have a chance to win. But they need to have more info to choose the right player with a big opportunity to win the games.

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