Know what bankroll management is in sports betting? - page 3.

Questat

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

Quote from: Questat on November 27, 2020, 12:04:10 AM

Quote from: Mahanton on November 26, 2020, 06:42:28 PM

Easy to say but really hard to be followed by someone depending on how strict your are and very good in self discipline and we know that not all would really be
having the same traits when it comes on handling out themselves in situations like these.In order to sustain yourself then good bankroll management is really
suggested but if you do let your emotion do control you then expect for unfortunate events to happen.Somehow these mistakes or results will
really able to make you learn that finance handling is really important for you not to bust up that fast.

Of course it's easier said than done, but like what I've said, it's not impossible to learn a proper bankroll management, just like running a business, you have a plan and you follow it, and in gambling, you have to change your perspective, treat it as a business than a pure entertainment.

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.

Fatunad

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

Quote from: Questat on November 27, 2020, 12:04:10 AM

Quote from: Mahanton on November 26, 2020, 06:42:28 PM

Easy to say but really hard to be followed by someone depending on how strict your are and very good in self discipline and we know that not all would really be
having the same traits when it comes on handling out themselves in situations like these.In order to sustain yourself then good bankroll management is really
suggested but if you do let your emotion do control you then expect for unfortunate events to happen.Somehow these mistakes or results will
really able to make you learn that finance handling is really important for you not to bust up that fast.

Of course it's easier said than done, but like what I've said, it's not impossible to learn a proper bankroll management, just like running a business, you have a plan and you follow it, and in gambling, you have to change your perspective, treat it as a business than a pure entertainment.

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.

Money management is important because if you are a type of gambler who do make big bets just like theres no tomorrow then you would probably busting up in no time
compared to those people who do know to allocated their capital in numbers of bets rather than focusing on a single bet with huge amount that they are putting on.
Always think on how you do sustain yourself in longer runs and not just thinking to make bets in one go and once you lost then you will completely stop for a while
because you would wait for another funding unless if you do have unlimited funds then you wouldnt really care at all when it comes to money management.

South Park

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Quote from: Questat on November 27, 2020, 12:04:10 AM

Quote from: Mahanton on November 26, 2020, 06:42:28 PM

Easy to say but really hard to be followed by someone depending on how strict your are and very good in self discipline and we know that not all would really be
having the same traits when it comes on handling out themselves in situations like these.In order to sustain yourself then good bankroll management is really
suggested but if you do let your emotion do control you then expect for unfortunate events to happen.Somehow these mistakes or results will
really able to make you learn that finance handling is really important for you not to bust up that fast.

Of course it's easier said than done, but like what I've said, it's not impossible to learn a proper bankroll management, just like running a business, you have a plan and you follow it, and in gambling, you have to change your perspective, treat it as a business than a pure entertainment.

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.

Fredomago

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Quote from: Ziskinberg on November 30, 2020, 06:23:02 AM

Playing for money should not bring you a problem as long as you are responsible.

It's your money that you needed to protect, if you value that much you'll find ways to make some good advantages,
never to excel from your strategy, keep yourself inside your original plan.

Quote

The thing is, some people viewed gambling for money as a negative thing, as a way to lose more money, IMO, that is wrong because there are professional gamblers and they are obviously gambling for money, so if they can do it, it should not be impossible for us if we try.

It's not impossible if you are really aiming for it. There are lots of efforts that you needed to deal with, taking good understanding and
have deeper research from each games that you'll going to bet with.

Quote

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.

Ziskinberg

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Quote from: newwest on November 30, 2020, 06:13:20 AM

Quote from: cutesgirl on November 28, 2020, 09:02:48 AM

It would be best to keep a bank management, and stick to your own. We all know the feeling of losing many times in a row, and that's when the problems begin.
You increase your limits and the effect of bankroll management is completely gone. And not much later your balance too.

If we are playing for money then whatsoever the problem will just keep on rising as there are various factors that would then come in during various instances, but on other hand if you do not bother even if lost and playing to entertain yourself then many things automatically gets solved and need not to worry.

Playing for money should not bring you a problem as long as you are responsible.
The thing is, some people viewed gambling for money as a negative thing, as a way to lose more money, IMO, that is wrong because there are professional gamblers and they are obviously gambling for money, so if they can do it, it should not be impossible for us if we try.

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

newwest

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Quote from: cutesgirl on November 28, 2020, 09:02:48 AM

It would be best to keep a bank management, and stick to your own. We all know the feeling of losing many times in a row, and that's when the problems begin.
You increase your limits and the effect of bankroll management is completely gone. And not much later your balance too.

If we are playing for money then whatsoever the problem will just keep on rising as there are various factors that would then come in during various instances, but on other hand if you do not bother even if lost and playing to entertain yourself then many things automatically gets solved and need not to worry.

lixer

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Quote from: Noctis Connor on November 21, 2020, 01:00:42 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, 01:00:42 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.

Salauddin1994

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Participating in sports is a very good thing there is no substitute for sports to keep our mental and physical health it is because of this sport that we can often get big injuries bancoroll management in sports betting should not be abandoned the real fun of gambling is winning. Gambling is a waste of money and you are more likely to lose if you do not determine the right way it's a lot of fun we have to reduce the damage and move forward. In this way gamblers enjoy gambling with a lot of fun enjoys a lot of pleasure in the midst of wasting money.

Viscore

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Quote from: VanityWallets2015 on November 29, 2020, 06:40:25 AM

Quote from: Viscore on November 29, 2020, 06:33:00 AM

Quote from: Pamadar on November 28, 2020, 09:46:54 PM

Not all gamblers are aiming to have some fun there are serious gamblers who keeps trying to win and some are successful in doing so.

So when you are having fun, you are not trying to win?
I think we all want to win, that's the real purpose in gambling, and we will have fun when we are winning.

We are not morons to just gamble and just waste money, we don't have an unlimited money and there's no fun in losing money.
Serious or not serious, we aim to win money in gambling because that gives the best satisfaction for a gambler.

I think everyone of us have different opinion here some would just seeking fun no matter win or lose in gambling games.
Some users are doesn't seek for fun but hoping for a chance that they could earn big time in betting in sports betting and casino games.
And some bettors do actually have both aiming to have fun while also hoping to win some good amount of profit.

My point is, you gamble for fun but your main purpose is to win, I think gambling is a win or lose, you don't choose the lose side and you still have fun, having fun is different from wasting money to have fun, that's not normal, even the rich people values their money.

StephenJH

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Quote from: dimonstration on November 29, 2020, 10:19:24 AM

Quote from: cutesgirl on November 28, 2020, 09:02:48 AM

It would be best to keep a bank management, and stick to your own. We all know the feeling of losing many times in a row, and that's when the problems begin.
You increase your limits and the effect of bankroll management is completely gone. And not much later your balance too.

Bankroll Management will depend on us and how addictive we are in gambling, some were able to stick in their decision while others always changes their mains once they lose a lot or win alotm gamblers should plan and stick to it so it will not cause problems to them later on since the studied and plans what they should really do depending in the ifs that might happen.

Not everyone makes a perfect plan after a loss series, the luck is the main factor in the recovery process indeed. There are many other factors but the first rule in sports betting is always the same. Protecting the bankroll matters more than winning more because the losses shouldn't swallow the all wins. The rigged and fixed matches make it hard to be a long-term winner, IMHO. I always check the most money turnover happened matches before putting my hard-earned money in the specific matches because the more money in the game the higher the chance of it will be rigged on the either first half or on the last 10 minutes.

jostorres

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Quote from: Maslate on November 21, 2020, 07:42:29 AM

Quote from: Emitdama on November 21, 2020, 07:04:31 AM

That is achieved once you have gone through enough roller coaster rides of emotions throughout your gambling journey such that the losses and wins do not impact you anymore financially and does not hurt your sentiments. I have seen even the biggest gamblers raging in chat after a loss and some even to such an extent that mods have to ban them for sometime.

I usually play at stake for sports betting and I remember someone lost around 3 Bitcoins on some betslip and he was so nice and raining around before losing but as he lost the bet he was furious and insulting to the fellow members. So even the experienced gamblers and the high rollers get raged and losses hurt their sentiments.

That's because we are just human, we can't controlled ourselves sometimes, people are even lucky that one gambler was sharing some blessings, but as a gambler, that's sometime we missed out, when we win, we think that it will stop there and we sometimes don't expect losing anymore that it made us surprise sometimes despite that fact that we have been constantly gambling.

I agree that even the best and biggest gamblers lose their patience at certain points in their gambling career. I used to play at a bar here before the covid-19 arrived and actually one of the guys there got mad after losing and he was quite rich so it was unusual to see someone behaving like that so everyone loses their cool once at some point in gambling.

That is also the reason why I bet very small so that in case I lose I just shrug it off and move on instead of getting too upset about it which will then eventually affect my work and my day basically. Wins and losses must be forgotten about the moment you leave the casino, be it online or offline.

Lanatsa

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Quote from: dimonstration on November 29, 2020, 10:19:24 AM

Quote from: cutesgirl on November 28, 2020, 09:02:48 AM

It would be best to keep a bank management, and stick to your own. We all know the feeling of losing many times in a row, and that's when the problems begin.
You increase your limits and the effect of bankroll management is completely gone. And not much later your balance too.

Bankroll Management will depend on us and how addictive we are in gambling, some were able to stick in their decision while others always changes their mains once they lose a lot or win alotm gamblers should plan and stick to it so it will not cause problems to them later on since the studied and plans what they should really do depending in the ifs that might happen.

If you aren't really that serious on making money with gambling then you wouldn't really mind much on how you gonna spend up your bankroll as long you do able to get

the entertainment that you seek off. Bankroll management is really good but if you do already accept that your money that had been deposited is already lost then that's a good

thing for your part because you aren't expecting something in return into those funds but for those who are really minding about profiting then securing it first before proceeding

or completely stopping when you are already in gains is the best choice.

dimonstration

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Quote from: cutesgirl on November 28, 2020, 09:02:48 AM

It would be best to keep a bank management, and stick to your own. We all know the feeling of losing many times in a row, and that's when the problems begin.
You increase your limits and the effect of bankroll management is completely gone. And not much later your balance too.

Bankroll Management will depend on us and how addictive we are in gambling, some were able to stick in their decision while others always changes their mains once they lose a lot or win alotm gamblers should plan and stick to it so it will not cause problems to them later on since the studied and plans what they should really do depending in the ifs that might happen.

bonjouros

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Having a calm mindset is the best ace in order to minimize our losses and maximize our winnings if in case we will be lucky in our bets.

I hate to admit it but sometimes we will get mad once we are losing some of our money and most of us are chasing those losses in order to feel comfortable but in the end we are losing too much instead of recovering the losses. Only few will be able to recover their losses if they become lucky with their bets. What you have drop here are good management for sure in all the gambling games not only to sports betting.

VanityWallets2015

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Quote from: Viscore on November 29, 2020, 06:33:00 AM

Quote from: Pamadar on November 28, 2020, 09:46:54 PM

Not all gamblers are aiming to have some fun there are serious gamblers who keeps trying to win and some are successful in doing so.

So when you are having fun, you are not trying to win?
I think we all want to win, that's the real purpose in gambling, and we will have fun when we are winning.

We are not morons to just gamble and just waste money, we don't have an unlimited money and there's no fun in losing money.
Serious or not serious, we aim to win money in gambling because that gives the best satisfaction for a gambler.

I think everyone of us have different opinion here some would just seeking fun no matter win or lose in gambling games.
Some users are doesn't seek for fun but hoping for a chance that they could earn big time in betting in sports betting and casino games.
And some bettors do actually have both aiming to have fun while also hoping to win some good amount of profit.

Viscore

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Quote from: Pamadar on November 28, 2020, 09:46:54 PM

Not all gamblers are aiming to have some fun there are serious gamblers who keeps trying to win and some are successful in doing so.

So when you are having fun, you are not trying to win?
I think we all want to win, that's the real purpose in gambling, and we will have fun when we are winning.

We are not morons to just gamble and just waste money, we don't have an unlimited money and there's no fun in losing money.
Serious or not serious, we aim to win money in gambling because that gives the best satisfaction for a gambler.

Pamadar

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Quote from: Wexnident on November 28, 2020, 09:27:30 PM

Quote from: Hamphser on November 28, 2020, 06:59:28 PM

Would still be useless if your mind isnt fixed already on securing those funds because if not then you would really withdraw those coins back and continue to play.
This is usually the thing that do happen when you do still have the aim on making money out of gambling or you do tend to chase your losses.So it is somewhat
useless if you dont have that much of good in self control. Management of your finances is one of the key factor on making yourself avoid on
unfortunate things that might happen.

In the first place gambling while thinking of securing funds in the first place is already wrong imo, stop thinking of it as a loss or something similar, that's the first step. Mainly because of how gambling is supposed to be a "game". it's supposed to be enjoyed, and having to think of saving funds, how much money I still have, how much I've lost, I've won, and what not just stresses out that you're not thinking of it as a game, but rather as something else, can't find the word for it but and, it just brings out stress in you. Stop when you want to stop (or until your bankroll is gone), and that should be fine imo. Self-control starts with how much funds you actually put in your bankroll though, and that's about the limits of how you can control yourself. I'm pretty sure everyone here has felt that playing something with a serious mindset could make you forget some stuff afterall.

Gamblers have differences, there are experienced gamblers who keeps calculating each spent money that they are using against the win and losses that they've got. From this point they able to figure if they needed to sstop or they can continue and try to push more with an aimed to win something decent from their activities. Not all gamblers are aiming to have some fun there are serious gamblers who keeps trying to win and some are successful in doing so.

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Quote from: Hamphser on November 28, 2020, 06:59:28 PM

Would still be useless if your mind isnt fixed already on securing those funds because if not then you would really withdraw those coins back and continue to play.
This is usually the thing that do happen when you do still have the aim on making money out of gambling or you do tend to chase your losses.So it is somewhat
useless if you dont have that much of good in self control. Management of your finances is one of the key factor on making yourself avoid on
unfortunate things that might happen.

In the first place gambling while thinking of securing funds in the first place is already wrong imo, stop thinking of it as a loss or something similar, that's the first step. Mainly because of how gambling is supposed to be a "game". it's supposed to be enjoyed, and having to think of saving funds, how much money I still have, how much I've lost, I've won, and what not just stresses out that you're not thinking of it as a game, but rather as something else, can't find the word for it but and, it just brings out stress in you. Stop when you want to stop (or until your bankroll is gone), and that should be fine imo. Self-control starts with how much funds you actually put in your bankroll though, and that's about the limits of how you can control yourself. I'm pretty sure everyone here has felt that playing something with a serious mindset could make you forget some stuff afterall.

ice098

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Quote from: Finestream on November 28, 2020, 08:34:06 AM

Quote from: Inkdatar on November 28, 2020, 08:29:09 AM

Quote from: palle11 on November 28, 2020, 07:04:54 AM

And you know winning moments are difficult to quit it. This problem can be related to any body gambling. This is one challenge that is difficult to drop. Like you question yourself why you want to leave your winning chance. I don't advise quitting a winning moment because it doesn't come all the time.

Exactly winning moments are hard to quit because of aiming to win over and over again. A gambler already knows the chance of winning is just small but as the usual the addiction comes to a person. Calm minds is also important as mentioned above as this could help to a person to think in a right direction of when to stop the game. So all lists inputs is very important as this is also a reminder to many on what to do in betting a game.

It's not a big problem, you gamble as long as you want but you need to ensure that you still have the discipline to follow the right bankroll management, or what is planned. Say, you gamble at 2% per bet, so stick with it, and you won't easily lose even if your winning moment will flip.

One needs to practice bankroll management effectively, and everything will follow.

That's why we should always keep in mind to have a self control over a self desire. I can relate on the emotion of after winning once i was in determination to win again and again which after i execute all of those games turns out i lose more than winning. Sometimes because of our greediness to earn or win more we commit in a decision which leads us into much failure. This thread has a lot of information instill to everyone but the most important thing was having a self control and descipline.

maydna

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Quote from: Hamphser on November 28, 2020, 06:59:28 PM

Would still be useless if your mind isnt fixed already on securing those funds because if not then you would really withdraw those coins back and continue to play.
This is usually the thing that do happen when you do still have the aim on making money out of gambling or you do tend to chase your losses.So it is somewhat useless if you dont have that much of good in self control. Management of your finances is one of the key factor on making yourself avoid on
unfortunate things that might happen.

In this matter, you should have self-control because if it's not, you will lose the money quickly. Chasing your losses will not be better because, in gambling, we will feel difficult to do that. We can lose more money without we realize. Nothing that will make us sad except losing big money in a short time, and that is why we need to avoid it.

Having control in the management of the funds will be necessary because that can make us survive in gambling. Besides that, we could have a chance to play gambling games for some time and enjoy the game.

Topic: Know what bankroll management is in sports betting? - page 3. (Read 64289 times)