Know what bankroll management is in sports betting? - page 2.

Botnake

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Quote from: Ayiranorea on December 03, 2020, 07:14:18 PM

Quote from: Botnake on December 03, 2020, 06:52:24 PM

Quote from: Janation on December 03, 2020, 04:22:59 AM

Quote from: kkaroul4 on December 02, 2020, 08:45:30 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.

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.

Who needs luck? I mean, if your goal is to win consistently, you don't focus on the luck, you focus on improving your skills because you will not choose a luck based game, instead you'll focus on skilled based type of games, like sports betting or card game such as poker game, I believe both can be mastered and it does not have a house edge.

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Quote from: chaser15 on December 03, 2020, 10:00:42 PM

Quote from: Pamadar on December 03, 2020, 09:32:39 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.

Quote

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.

Since Sportsbetting is Slow moving gambling compared to Luck Based that the roll Moves to fast and without noticing that you already lost everything in your pocket.

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Quote from: Pamadar on December 03, 2020, 09:32:39 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.

Pamadar

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Quote from: Ayiranorea on December 03, 2020, 07:14:18 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.

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Quote from: Botnake on December 03, 2020, 06:52:24 PM

Quote from: Janation on December 03, 2020, 04:22:59 AM

Quote from: kkaroul4 on December 02, 2020, 08:45:30 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.

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.

Questat

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Quote from: Botnake on December 03, 2020, 06:52:24 PM

Quote from: Janation on December 03, 2020, 04:22:59 AM

Quote from: kkaroul4 on December 02, 2020, 08:45:30 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.

Same here, the goal is to make money, and I don't believe that a gambler would just say gamble for fun and that's it.
As a human, we are greedy by nature, so regardless of our bankroll size, we still want to win.

We only different on bankroll size and our approach on it, but we have one common goal which is to win.

Quote from: Botnake on December 03, 2020, 06:52:24 PM

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

I know because sometime in the past I lost my control and everything goes bad, bankroll was wipe out in just minutes of playing.
Bad experience that I don't want to happen again.

Botnake

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Quote from: Janation on December 03, 2020, 04:22:59 AM

Quote from: kkaroul4 on December 02, 2020, 08:45:30 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.

Janation

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Quote from: kkaroul4 on December 02, 2020, 08:45:30 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.

ethereumhunter

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Quote from: Fredomago on December 02, 2020, 02:39:35 PM

Quote from: ethereumhunter on December 02, 2020, 08:23:22 AM

That is what we need in gambling, but unfortunately, not many people will realize that. They will lose their responsibility in gambling, especially if they lose their money consecutively. It will make them feel angry, sad, and disappointed, and they want to get their money back. Knowing the bankroll management will help them in any gambling game type, so they can have discipline while they play gambling.

Such emotions only leads you to keep losing more, if you are focused as you really wanted to succeed. There are lots of time that's needed to practice and perfect good strategy. The attitude of having luck is no longer effective, you need to think wiser and grab every opportunities that will led you to achieved.

First step, emotional control. Very important to learn when to stop, both winning and losing if you know where's your limitation it will allow you to cool down and take time to relax. Take little step at a time and you'll see improvement to your outcome.

Indeed. If we can realize that playing gambling is like managing emotions and learn how to be patient, we will not get deeper into gambling. Instead, we will see that gambling is only a part of life which we don't have to play if we think it does not give benefit to us. We don't have to achieve something in gambling because the risk of losing money will be bigger. But if somehow we can achieve something like making money from gambling, that will be a bonus to us because the luck factor helps us. Calm down will be necessary for gambling, so we don't follow our emotions and make a rush in gambling.

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Everything that OP mentioned is true and ideal however the only thing that matters is if the bettors or the gamblers will be able to follow such behavior. In fact, most of us who do betting follow it for a while but later on due to greed and uncontrollable emotion we unconsciously change into something that we don't want to be prior to our gambling habits.

I guess I would appreciate all the things that OP provided because it can still remind us somehow on how to deal with our behavior towards gambling but it could still be more applicable if we always retain to our mind the greatest rule of all time and that is a gamble with the amount that you can only afford to lose.

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Quote from: newwest on December 02, 2020, 01:50:24 PM

Quote from: kkaroul4 on December 02, 2020, 08:45:30 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.

I also do maintain the record of loses so that by end of month I know how much I ended up losing or in case if winning just for my knowledge purpose. This just helps as well to keep a check and not to overboard because at times it is easy to get carried away and without much realizing in some time addiction gets over you which I do not want to do it. So, this is the best what I feel to keep a check on it.

I would say it's a nice strategy, keep that record updated so you'll make a timely decision.
Don't be like other gamblers who count their winnings and forget their loses as that would result them to being surprised they already lose a lot.

Some gamblers also are so indiscipline, they rejoice winning just like they win everyday but when they lose they keep chasing their bet until it will result to a decision that they will regret the outcome, seen many of that and personally have experience that myself.

That's a real risk what I'm talking here if we gamble without the discipline in bankroll management.

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Quote from: abhiseshakana on December 02, 2020, 11:43:40 AM

Quote from: kkaroul4 on December 02, 2020, 08:45:30 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.

The biggest temptation when gambling is the desire to win, so it is very natural for a gambler to feel annoyed when s/he loses. This condition can make the emotions run out of control and it can trigger gamblers to chase losses.

Likewise, when the gamblers got a big win but they don't know when to stop (too greedy) or they can't control their emotions, then the wins can just vanish and end up in painful losses. And again this situation can cause gamblers to chase losses.

Emotions is the greatest factor that do heavily affect on someones decision making on scenario that they do experience.This is why its really important that you are self-aware on situations you are into.
Secure profits while you are still winning and stop when you do lose up your money or entire bankroll and call it a day but we know that this isnt as simple as it sounds because lots will really fail.
Bankroll management is important if you do like to sustain yourself then better to be wise on handling out your finances or else then you will be bust out in a short time and that wont really
be fun at all because the main thing we do aim on doing gambling is to enjoy the games we do like to bet on.

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Quote from: ethereumhunter on December 02, 2020, 08:23:22 AM

That is what we need in gambling, but unfortunately, not many people will realize that. They will lose their responsibility in gambling, especially if they lose their money consecutively. It will make them feel angry, sad, and disappointed, and they want to get their money back. Knowing the bankroll management will help them in any gambling game type, so they can have discipline while they play gambling.

Such emotions only leads you to keep losing more, if you are focused as you really wanted to succeed. There are lots of time that's needed to practice and perfect good strategy. The attitude of having luck is no longer effective, you need to think wiser and grab every opportunities that will led you to achieved.

First step, emotional control. Very important to learn when to stop, both winning and losing if you know where's your limitation it will allow you to cool down and take time to relax. Take little step at a time and you'll see improvement to your outcome.

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Quote from: kkaroul4 on December 02, 2020, 08:45:30 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.

I also do maintain the record of loses so that by end of month I know how much I ended up losing or in case if winning just for my knowledge purpose. This just helps as well to keep a check and not to overboard because at times it is easy to get carried away and without much realizing in some time addiction gets over you which I do not want to do it. So, this is the best what I feel to keep a check on it.

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Quote from: kkaroul4 on December 02, 2020, 08:45:30 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.

The biggest temptation when gambling is the desire to win, so it is very natural for a gambler to feel annoyed when s/he loses. This condition can make the emotions run out of control and it can trigger gamblers to chase losses.

Likewise, when the gamblers got a big win but they don't know when to stop (too greedy) or they can't control their emotions, then the wins can just vanish and end up in painful losses. And again this situation can cause gamblers to chase losses.

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Quote from: kkaroul4 on December 02, 2020, 08:45:30 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.

And that will keep you in vain talking about gambling mate because the more you eager chasing those losses are the careless you become in making decisions in betting.

Always have a new Plan and new mood when starting a day playing because at least the luck might seat beside you.

I'm done in something like that,to try winning back what i loss yesterday,instead i forget about that and welcome the new day.

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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.

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Quote from: lixer on November 30, 2020, 01:23:35 AM

Quote from: Noctis Connor on November 21, 2020, 02:00:42 PM

Im agree with this never chase your losses one you lose you should know when to stop because the more you chase your lose the more eagerness you play and the more you play the more chances you lose again and again it's my habbit to gamble but i know when to play or when to bet i only bet in sports and some of my profit in betting from sports i play it in some gambling site which if i can a bit i withdraw and then wait again for next sports where i can bet.

Well said and the problem with chasing losses is that once you are able to do it you will start thinking how easy it was and why not make some profits. On the other hand if you lose while chasing you will continue chasing the endless loop. You can see your loses and improve like if you are losing too much money on casino you can set smaller limits for casino and bet more on sports or vice versa but don't chase the losses.

Quote from: Noctis Connor on November 21, 2020, 02:00:42 PM

Control your emotion to calm your mindset, if you lose that much it is really hard of course , but this is really good which is 1 bet at a time to make more chances in winning. sports is the best one when you do analyzing before betting.

Control will come only if you lose small amounts so keep lowering your bet size slowly and once you feel at a particular amount you don't get too upset with losses that is the best bet amount for you.

I fully agree with you, the key to successful bankroll management is always to bet in relation to your total bankroll. I learned this myself the hard way when I started with online poker, I had a few really good hands and made money and decided go move up the stakes. After running bad then I got wiped out and had to start from scratch.

Placing our bets in relation to our losses or wins us just wrong, we need to minimise the risk of losing it all instead.

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Quote from: ethereumhunter on December 02, 2020, 08:23:22 AM

Quote from: Fredomago on November 30, 2020, 12:16:40 PM

Quote from: Ziskinberg on November 30, 2020, 07:23:02 AM

Be positive about gambling, as long as we know what we are doing, we should be okay, even if we lose.

Perfectly said! as long as you are taking full responsibilities and you can absorbed those loses that may take place,
you are good to go and continue your journey to succeed.

That is what we need in gambling, but unfortunately, not many people will realize that. They will lose their responsibility in gambling, especially if they lose their money consecutively. It will make them feel angry, sad, and disappointed, and they want to get their money back. Knowing the bankroll management will help them in any gambling game type, so they can have discipline while they play gambling.

Before managing your bankroll, manage yourself first. Even though you have the plan to manage your finances, if you can't control yourself from gambling you might have a problem not following that plan. Bankroll is not the only thing you should control, yourself too should be controlled.

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Quote from: Fredomago on November 30, 2020, 12:16:40 PM

Quote from: Ziskinberg on November 30, 2020, 07:23:02 AM

Be positive about gambling, as long as we know what we are doing, we should be okay, even if we lose.

Perfectly said! as long as you are taking full responsibilities and you can absorbed those loses that may take place,
you are good to go and continue your journey to succeed.

That is what we need in gambling, but unfortunately, not many people will realize that. They will lose their responsibility in gambling, especially if they lose their money consecutively. It will make them feel angry, sad, and disappointed, and they want to get their money back. Knowing the bankroll management will help them in any gambling game type, so they can have discipline while they play gambling.

Topic: Know what bankroll management is in sports betting? - page 2. (Read 64267 times)