Know what bankroll management is in sports betting? - page 4.

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Quote from: Twinkledoe on November 28, 2020, 05:43:26 PM

Quote from: Noctis Connor on November 28, 2020, 01:50:22 PM

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 is true when your winning it is really hard for you to stop because the momentum to earn more money even though you already knew the consequence to lose, the addiction of winning or losing are same because the eagerness that you already set in your mind that your enjoying the game itself it is more entertainment of the gamble , it is true that you need to make a list for those important thing you need to pay your expenses is one of the best example.

When you are deep in your game, hard to resist the desire to continue playing. And usually, you will only stop if you have your bankroll empty. To at least keep track of your goals, if you are already winning, transfer some of your winnings to your other account ready for conversion of your fiat money. In that way, you know, you will stop once you zeroed out your bankroll in the site where you are playing with.

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.

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Quote from: Noctis Connor on November 28, 2020, 01:50:22 PM

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 is true when your winning it is really hard for you to stop because the momentum to earn more money even though you already knew the consequence to lose, the addiction of winning or losing are same because the eagerness that you already set in your mind that your enjoying the game itself it is more entertainment of the gamble , it is true that you need to make a list for those important thing you need to pay your expenses is one of the best example.

When you are deep in your game, hard to resist the desire to continue playing. And usually, you will only stop if you have your bankroll empty. To at least keep track of your goals, if you are already winning, transfer some of your winnings to your other account ready for conversion of your fiat money. In that way, you know, you will stop once you zeroed out your bankroll in the site where you are playing with.

Noctis Connor

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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 is true when your winning it is really hard for you to stop because the momentum to earn more money even though you already knew the consequence to lose, the addiction of winning or losing are same because the eagerness that you already set in your mind that your enjoying the game itself it is more entertainment of the gamble , it is true that you need to make a list for those important thing you need to pay your expenses is one of the best example.

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

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.

Changing the perspective is important because the vision must be fun instead of earning money when gambling. I also think one should take a break from gambling for a few days at least and estimate how much they are betting and if that is worth for them or they should lower the funds they allocate for gambling.

I understand people cannot consider gamblers are accountants but there should be some level of self awareness and records you can check to know if you are losing too much. I have myself tested this, once you start putting your loses and wins in numbers and calculate the total at the end of month you can cut a lot of extra expenses, not just gambling the same goes for shopping as well.

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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.

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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.

You are probably wrong in this advice. How would you know that it is your winning moment? The only way is to make a bet with your money and wait for the result. The moment the game is done and you win, that was already your winning moment. Is the next game, and the one after that your, winning moments also? Of course not.

So if you are already making a nice profit, go ahead and leave. You don't say this is my winning day, why would I leave? If you think this way, then you've got a perfect recipe for disaster.

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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.

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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.

palle11

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Quote from: traderethereum on November 28, 2020, 12:51:27 AM

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

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.

Exactly. We can say that we have controlled ourselves in gambling games, but we can lose control when winning in some rounds, and we will forget about what we need to do.
Many gamblers still continue to play instead of stopping for a while and reducing their tension, and if they don't realize that, sooner or later, they will see their money will decrease, and it will go in a minute.
If you don't want to see another loss, the best thing you can do is stop the game, leave the place, and never think about wanting to get more winning because the win money is the important thing for your moment.
Knowing when to stop will be necessary, especially if we can win a lot of money because that will not happen many times, so we need to use the time to stop and collect the win money.

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.

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Quote from: TheGreatPython on November 27, 2020, 11:53:56 PM

Quote from: Fredomago on November 25, 2020, 05:49:21 PM

It's tough but you need to developed this control if you really planning to succeed not just for short-term benefits but for better survival. Inside gambling activities there are lots of "what if" you need to overcome yourself to keep your composure and stay with your original plans.

Control will automatically follow once your bet size and bankroll is only what you can afford to lose and is not part of the money which was intended for other purposes or essential needs. At times gamblers are saying that they have lose everything and they are going to suicide, I have seen such things happen live in most chats on casinos so it all happened because they actually betted more than the allocated funds for gambling.

Gambling is not a hobby anymore once you start worrying about the loses and get excited about the wins because it indicates that the amounts are big and now things are about to get worst.

As long as you are not hurt by the loses and are not too happy about wins you are good.

Meaning to say if you are emotionless then you are really good to go, as everything is about bankroll management. If you are capable of doing that and you are keeping the strategy as it is, then your chances to succeed is very high.

There are people / gamblers who are incapable of handling situations, they are easily been move by emotions and by
aggressiveness they'll lose more than what they can afford.

If you are focus and you are really aiming to get a better chance,
emotion needs the first thing to work out.

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

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.

Exactly. We can say that we have controlled ourselves in gambling games, but we can lose control when winning in some rounds, and we will forget about what we need to do.
Many gamblers still continue to play instead of stopping for a while and reducing their tension, and if they don't realize that, sooner or later, they will see their money will decrease, and it will go in a minute.
If you don't want to see another loss, the best thing you can do is stop the game, leave the place, and never think about wanting to get more winning because the win money is the important thing for your moment.
Knowing when to stop will be necessary, especially if we can win a lot of money because that will not happen many times, so we need to use the time to stop and collect the win money.

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Quote from: Fredomago on November 25, 2020, 05:49:21 PM

It's tough but you need to developed this control if you really planning to succeed not just for short-term benefits but for better survival. Inside gambling activities there are lots of "what if" you need to overcome yourself to keep your composure and stay with your original plans.

Control will automatically follow once your bet size and bankroll is only what you can afford to lose and is not part of the money which was intended for other purposes or essential needs. At times gamblers are saying that they have lose everything and they are going to suicide, I have seen such things happen live in most chats on casinos so it all happened because they actually betted more than the allocated funds for gambling.

Gambling is not a hobby anymore once you start worrying about the loses and get excited about the wins because it indicates that the amounts are big and now things are about to get worst.

As long as you are not hurt by the loses and are not too happy about wins you are good.

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

Quote from: Questat on November 26, 2020, 06:09:44 PM

Quote from: Fredomago on November 25, 2020, 05:49:21 PM

Quote from: South Park on November 25, 2020, 05:28:11 PM

Quote from: just_Alice on November 20, 2020, 08:32:28 PM

The rules are great, but the problem is: how do you follow them? Also, most of the tips here are aimed at people, who lose money out of a desperate desire to win, like "don't chase your losses". Many people believe that gamblers lose most of their money when they're failing and, therefore, can't think straight. On the contrary, I think that lots of winning can lead to an even worse outcome because when that happens people just forget about luck and probability and start thinking that they've developed some kind of perfect winning strategy, which makes them act less carefully and make riskier bets and, eventually, lose everything.

That is where money management skills play a role, if you win a lot of times in a row as you say you can begin to make reckless bets, but if your money management strategy tells you to only bet 1% of your capital on each match and you follow it then you are never going to bet too much in a single match and this will prevent you from losing your hard earned money, so while I agree that winning a lot of times in a row can also produce really bad results over the long term if you become careless that is when a money management strategy will play a factor and save you from that mistake.

And that's the very reason why it called money management as even you are fully tempted to bet outside of your strategy, you'll need to stick on it and still follow what pattern you designed, pro-gamblers who managed to keep this at it is benefits a lot, while to those who can't expect that they'll ends up nothing but just losing everything.

It's tough but you need to developed this control if you really planning to succeed not just for short-term benefits but for better survival. Inside gambling activities there are lots of "what if" you need to overcome yourself to keep your composure and stay with your original plans.

It's tough but it's not impossible to learn the right bankroll management, that is enough for us to train ourselves on how to be a discipline gambler. You will use this if you are into profit and for long term gambling, and it's necessary that you stick with your plan all the time no matter how frustrated you are due to the cold streak because all these are just normal, we will have a cold streak and that bankroll management is design for us to withstand it.

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.

Mahanton

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Quote from: Questat on November 26, 2020, 06:09:44 PM

Quote from: Fredomago on November 25, 2020, 05:49:21 PM

Quote from: South Park on November 25, 2020, 05:28:11 PM

Quote from: just_Alice on November 20, 2020, 08:32:28 PM

The rules are great, but the problem is: how do you follow them? Also, most of the tips here are aimed at people, who lose money out of a desperate desire to win, like "don't chase your losses". Many people believe that gamblers lose most of their money when they're failing and, therefore, can't think straight. On the contrary, I think that lots of winning can lead to an even worse outcome because when that happens people just forget about luck and probability and start thinking that they've developed some kind of perfect winning strategy, which makes them act less carefully and make riskier bets and, eventually, lose everything.

That is where money management skills play a role, if you win a lot of times in a row as you say you can begin to make reckless bets, but if your money management strategy tells you to only bet 1% of your capital on each match and you follow it then you are never going to bet too much in a single match and this will prevent you from losing your hard earned money, so while I agree that winning a lot of times in a row can also produce really bad results over the long term if you become careless that is when a money management strategy will play a factor and save you from that mistake.

And that's the very reason why it called money management as even you are fully tempted to bet outside of your strategy, you'll need to stick on it and still follow what pattern you designed, pro-gamblers who managed to keep this at it is benefits a lot, while to those who can't expect that they'll ends up nothing but just losing everything.

It's tough but you need to developed this control if you really planning to succeed not just for short-term benefits but for better survival. Inside gambling activities there are lots of "what if" you need to overcome yourself to keep your composure and stay with your original plans.

It's tough but it's not impossible to learn the right bankroll management, that is enough for us to train ourselves on how to be a discipline gambler. You will use this if you are into profit and for long term gambling, and it's necessary that you stick with your plan all the time no matter how frustrated you are due to the cold streak because all these are just normal, we will have a cold streak and that bankroll management is design for us to withstand it.

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.

Questat

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Quote from: Fredomago on November 25, 2020, 05:49:21 PM

Quote from: South Park on November 25, 2020, 05:28:11 PM

Quote from: just_Alice on November 20, 2020, 08:32:28 PM

The rules are great, but the problem is: how do you follow them? Also, most of the tips here are aimed at people, who lose money out of a desperate desire to win, like "don't chase your losses". Many people believe that gamblers lose most of their money when they're failing and, therefore, can't think straight. On the contrary, I think that lots of winning can lead to an even worse outcome because when that happens people just forget about luck and probability and start thinking that they've developed some kind of perfect winning strategy, which makes them act less carefully and make riskier bets and, eventually, lose everything.

That is where money management skills play a role, if you win a lot of times in a row as you say you can begin to make reckless bets, but if your money management strategy tells you to only bet 1% of your capital on each match and you follow it then you are never going to bet too much in a single match and this will prevent you from losing your hard earned money, so while I agree that winning a lot of times in a row can also produce really bad results over the long term if you become careless that is when a money management strategy will play a factor and save you from that mistake.

And that's the very reason why it called money management as even you are fully tempted to bet outside of your strategy, you'll need to stick on it and still follow what pattern you designed, pro-gamblers who managed to keep this at it is benefits a lot, while to those who can't expect that they'll ends up nothing but just losing everything.

It's tough but you need to developed this control if you really planning to succeed not just for short-term benefits but for better survival. Inside gambling activities there are lots of "what if" you need to overcome yourself to keep your composure and stay with your original plans.

It's tough but it's not impossible to learn the right bankroll management, that is enough for us to train ourselves on how to be a discipline gambler. You will use this if you are into profit and for long term gambling, and it's necessary that you stick with your plan all the time no matter how frustrated you are due to the cold streak because all these are just normal, we will have a cold streak and that bankroll management is design for us to withstand it.

Fredomago

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Quote from: South Park on November 25, 2020, 05:28:11 PM

Quote from: just_Alice on November 20, 2020, 08:32:28 PM

The rules are great, but the problem is: how do you follow them? Also, most of the tips here are aimed at people, who lose money out of a desperate desire to win, like "don't chase your losses". Many people believe that gamblers lose most of their money when they're failing and, therefore, can't think straight. On the contrary, I think that lots of winning can lead to an even worse outcome because when that happens people just forget about luck and probability and start thinking that they've developed some kind of perfect winning strategy, which makes them act less carefully and make riskier bets and, eventually, lose everything.

That is where money management skills play a role, if you win a lot of times in a row as you say you can begin to make reckless bets, but if your money management strategy tells you to only bet 1% of your capital on each match and you follow it then you are never going to bet too much in a single match and this will prevent you from losing your hard earned money, so while I agree that winning a lot of times in a row can also produce really bad results over the long term if you become careless that is when a money management strategy will play a factor and save you from that mistake.

And that's the very reason why it called money management as even you are fully tempted to bet outside of your strategy, you'll need to stick on it and still follow what pattern you designed, pro-gamblers who managed to keep this at it is benefits a lot, while to those who can't expect that they'll ends up nothing but just losing everything.

It's tough but you need to developed this control if you really planning to succeed not just for short-term benefits but for better survival. Inside gambling activities there are lots of "what if" you need to overcome yourself to keep your composure and stay with your original plans.

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Quote from: just_Alice on November 20, 2020, 08:32:28 PM

The rules are great, but the problem is: how do you follow them? Also, most of the tips here are aimed at people, who lose money out of a desperate desire to win, like "don't chase your losses". Many people believe that gamblers lose most of their money when they're failing and, therefore, can't think straight. On the contrary, I think that lots of winning can lead to an even worse outcome because when that happens people just forget about luck and probability and start thinking that they've developed some kind of perfect winning strategy, which makes them act less carefully and make riskier bets and, eventually, lose everything.

That is where money management skills play a role, if you win a lot of times in a row as you say you can begin to make reckless bets, but if your money management strategy tells you to only bet 1% of your capital on each match and you follow it then you are never going to bet too much in a single match and this will prevent you from losing your hard earned money, so while I agree that winning a lot of times in a row can also produce really bad results over the long term if you become careless that is when a money management strategy will play a factor and save you from that mistake.

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Quote

Never chase your losses

Only asses chase losses! Haha, jk. But still, there's no need for you to go and double your bet every single time just to chase your total loss and get into profits. Trust me, if you eventually turn your gambling habits from being greedy to becoming a smart gambler, you will be in much better profits than just gambling it all away at once and chasing could be really dangerous for your bankroll's health.

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.

Quote

Calm mindset

There is no need to feel bad for your loss, even if you lose 1 unit, you still have 99 left, so 2 more wins and you are in profit. Don't go all in on one bet, instead place your bets in parts. Opportunities are available every single day in sports betting, but don't bet like a gambler, bet as a sports investor and apply the rule of "1 bet 1 unit" and I assure you that you'll become a much better gambler one day.

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.

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Quote from: harizen on November 20, 2020, 06:14:52 PM

Did you know guys that professional gamblers are more emotional compare to casual gamblers? But since their experience teaches them to become responsible gamblers, they understand what they are dealing with once they decided to continue more even they are currently losing.

Wasn't really aware that professional gamblers are more emotional than regular gamblers. I guess it teaches us that being emotional is fine as long as the emotions do not force us into making bets and take decisions which in a healthy state of mind we would have not taken.

I remember I was watching a NFL game and my team was losing so I got upset or maybe emotional and made a few extra bets on over/under market in hope of recovering the loss that was about to happen with the team loss. It ended up winning but I realized that indeed we make more bets than usual when emotional about a loss, but at the end I only deposit what I have no problem losing so I am always safe and in control.

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

Quote from: Maslate on November 20, 2020, 05:21:19 PM

This is the kind of discipline we need, we have to be in command of stopping ourselves anytime we need to, regardless of what situation we are, may it be in winning or losing situation, consider treating it as you are in a mission and that strategy has to be properly put in place.

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.

Topic: Know what bankroll management is in sports betting? - page 4. (Read 64289 times)