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Topic: Know what bankroll management is in sports betting? - page 6. (Read 64267 times)

legendary
Activity: 3122
Merit: 1398
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Remained discipline and you'll be able to recover if you will learn from your mistake.

Remained discipline but not with the purpose to be able to recover but to focus more on your strategy next bet.

The key here is to put all our best in each of the bets. Having a mindset that we need to recover those losses will just wreck and destroy our focus since we will be under pressure.

Once successfully maintain our winning stats, we will eventually feel that somehow we are not losing much compare before that you are aggressive to chase the losses.
legendary
Activity: 3122
Merit: 1140
Remained discipline and you'll be able to recover if you will learn from your mistake.

Winning and losing 10 in a row is possible in gambling, so 2 losses is not hard enough to get back in a positive track.

Your bankroll management is required and should be followed at all times to ensure you will last longer in sports betting, without the discipline, you will not succeed even if you have to start with a decent bankroll.
I think discipline will not work when your mindset is to recover. There is only a slight chance to recover losses and that mindset of getting recover losses is a bad idea. In most ways a good discipline is all about hoe you bet. If you lose accept that you lose and never count it for it will only add motivation for you to play more in addition to your mindset of recovering losses. So, a better gambling discipline is to get fun and excitement and do not let gambling activities compromise your priority.

Usually, it is hard to control yourself when you are in front of the table or your screen playing your game. So if you do really want to enjoy the game and just have fun, allot a specific amount for that game and consider that win or lose, you have no regrets using that money. And just stop playing, once you lost it all. And decide again, if you can afford to put more money to continue your game. It is your decision how you play on this situation. But remember, whatever your decision will be, you should not regret afterwards.
Easy to say that you shouldnt regret but most of the time where people do really feel this emotion when they had lost in gambling.Some might really be accepting their fate but
most of the time where players do regret and whine when they lost on a particular bet.Its been said that we should only gamble on the amount that we can afford to lose but
majority is been neglecting even into this very basic thing.Bankroll management is important because this is the same when you do handle out your investment in real life.
If there would be no plans and reckless actions then expect on what would happen.
sr. member
Activity: 1988
Merit: 275
Remained discipline and you'll be able to recover if you will learn from your mistake.

Winning and losing 10 in a row is possible in gambling, so 2 losses is not hard enough to get back in a positive track.

Your bankroll management is required and should be followed at all times to ensure you will last longer in sports betting, without the discipline, you will not succeed even if you have to start with a decent bankroll.
I think discipline will not work when your mindset is to recover. There is only a slight chance to recover losses and that mindset of getting recover losses is a bad idea. In most ways a good discipline is all about hoe you bet. If you lose accept that you lose and never count it for it will only add motivation for you to play more in addition to your mindset of recovering losses. So, a better gambling discipline is to get fun and excitement and do not let gambling activities compromise your priority.

Usually, it is hard to control yourself when you are in front of the table or your screen playing your game. So if you do really want to enjoy the game and just have fun, allot a specific amount for that game and consider that win or lose, you have no regrets using that money. And just stop playing, once you lost it all. And decide again, if you can afford to put more money to continue your game. It is your decision how you play on this situation. But remember, whatever your decision will be, you should not regret afterwards.
full member
Activity: 686
Merit: 125
Remained discipline and you'll be able to recover if you will learn from your mistake.

Winning and losing 10 in a row is possible in gambling, so 2 losses is not hard enough to get back in a positive track.

Your bankroll management is required and should be followed at all times to ensure you will last longer in sports betting, without the discipline, you will not succeed even if you have to start with a decent bankroll.
I think discipline will not work when your mindset is to recover. There is only a slight chance to recover losses and that mindset of getting recover losses is a bad idea. In most ways a good discipline is all about hoe you bet. If you lose accept that you lose and never count it for it will only add motivation for you to play more in addition to your mindset of recovering losses. So, a better gambling discipline is to get fun and excitement and do not let gambling activities compromise your priority.
hero member
Activity: 2856
Merit: 667
In theory, sounds perfect! Now it is time back to face with reality, the gambling mindset is totally different than what we think we will do. Many gamblers look for easy and fast money by betting on random events, so the final outcome is against their winning chance with a 0-1 score. Chasing losses is the shortcut to limit the more losses and saving time, otherwise, the gambler is supposed to keep playing a few more days in order to go back to the start point.

you have a point here i really think it's really hard to recover especially if you have at least 2 consecutive losses. in order for you to recover from it and take profit from it you should really have to increase your bet so in other words you are using a martingale strategy so once you at least one winning you would be able to get profit from it.

Remained discipline and you'll be able to recover if you will learn from your mistake.

Winning and losing 10 in a row is possible in gambling, so 2 losses is not hard enough to get back in a positive track.

Your bankroll management is required and should be followed at all times to ensure you will last longer in sports betting, without the discipline, you will not succeed even if you have to start with a decent bankroll.
legendary
Activity: 1960
Merit: 1026
In theory, sounds perfect! Now it is time back to face with reality, the gambling mindset is totally different than what we think we will do. Many gamblers look for easy and fast money by betting on random events, so the final outcome is against their winning chance with a 0-1 score. Chasing losses is the shortcut to limit the more losses and saving time, otherwise, the gambler is supposed to keep playing a few more days in order to go back to the start point.

you have a point here i really think it's really hard to recover especially if you have at least 2 consecutive losses. in order for you to recover from it and take profit from it you should really have to increase your bet so in other words you are using a martingale strategy so once you at least one winning you would be able to get profit from it.
hero member
Activity: 2660
Merit: 651
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Not many people are going to be building mansions off the profit unless they put down a multi and dont touch it and just get super lucky one time.      I was just thinking the other day how money management is relevant to success of almost anything in that you have to know when to bank the gains and when its a reasonable risk vs the odds, otherwise its just chaotic or blind luck like I mentioned.

I'll never see gambling as wealth management or bankroll management. I deposit and I just know this is the max I can lose, I try not to lose it, and that's it. If I get more money, I put it again into gambling knowing I can and probably will lose it.

My wealth I want to save and manage on the other hand, that's never going into gambling!
It stunning you totally understand the concept of gambling but having the that you will probably lost your stake despite the chance of winning a single game will somehow hinder you from putting your best and setting a unit of all the bankroll will make you bet for a long term and also reduce losses.

Have good expectations about gambling is never bad impression cause whatever man say to the world, it will reflect back to me and good expectations can be use as an energy to sparkles the game. With that been said, we dont need to lie to ourselves about gamblng with the amount ones can afford to lose because it will still hurt that we lost the fund instead of winning the game.

Sometimes I get a really good laugh from all these thoughts, not making fun of anyone but I think we really need a chill pill in gambling and understand that everyone's got a way to enjoy themselves. Bringing sparkles to the game though, that's a new one;)
Like you said everyone got a way to enjoy the game so the addition of good expectations and setting a unit will sparked the enjoyment.
hero member
Activity: 2954
Merit: 605
In theory, sounds perfect! Now it is time back to face with reality, the gambling mindset is totally different than what we think we will do. Many gamblers look for easy and fast money by betting on random events, so the final outcome is against their winning chance with a 0-1 score. Chasing losses is the shortcut to limit the more losses and saving time, otherwise, the gambler is supposed to keep playing a few more days in order to go back to the start point.

That's also what im thinking, in reality no matter how much you budget your bankroll. In some situations are just are tilting and after some exhaustion of losing streak. It might be hard to stick to the plan to bet minimum amounts not exceeding your limit. There are times when you get to emotional and chase losses in the end.

It's hard but it's not impossible, therefore if you make mistakes, just learn from it until you master the right bankroll management. All these factors are important for your success, just imagine you are doing a business or investment where you can't make bad mistakes or else you'll go bankrupt.
legendary
Activity: 2674
Merit: 1226
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Not many people are going to be building mansions off the profit unless they put down a multi and dont touch it and just get super lucky one time.      I was just thinking the other day how money management is relevant to success of almost anything in that you have to know when to bank the gains and when its a reasonable risk vs the odds, otherwise its just chaotic or blind luck like I mentioned.

I'll never see gambling as wealth management or bankroll management. I deposit and I just know this is the max I can lose, I try not to lose it, and that's it. If I get more money, I put it again into gambling knowing I can and probably will lose it.

My wealth I want to save and manage on the other hand, that's never going into gambling!

Have good expectations about gambling is never bad impression cause whatever man say to the world, it will reflect back to me and good expectations can be use as an energy to sparkles the game. With that been said, we dont need to lie to ourselves about gamblng with the amount ones can afford to lose because it will still hurt that we lost the fund instead of winning the game.

Sometimes I get a really good laugh from all these thoughts, not making fun of anyone but I think we really need a chill pill in gambling and understand that everyone's got a way to enjoy themselves. Bringing sparkles to the game though, that's a new one;)
hero member
Activity: 2660
Merit: 651
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Absolutely, gambling is a kind of fun in everyday life, expecting to build a mansion out of this is a bad idea which can never be achieved at any given point in time. Since I have accepted the fact that placing bets is a fun, then I proceed with the idea of staking with the amount I can afford to loss, this is the major factor to overcome before you can perfectly manage your bankrolls perfectly.
Have good expectations about gambling is never bad impression cause whatever man say to the world, it will reflect back to me and good expectations can be use as an energy to sparkles the game. With that been said, we dont need to lie to ourselves about gamblng with the amount ones can afford to lose because it will still hurt that we lost the fund instead of winning the game.

STT
legendary
Activity: 4060
Merit: 1448
Not many people are going to be building mansions off the profit unless they put down a multi and dont touch it and just get super lucky one time.      I was just thinking the other day how money management is relevant to success of almost anything in that you have to know when to bank the gains and when its a reasonable risk vs the odds, otherwise its just chaotic or blind luck like I mentioned.

Quote
E-sports can be very tricky because games like CSGO can flip outcome in moments
I do agree on that but I'm always looking for the team which can get backed into a corner and come out to turn it around, there have been teams which do the opposite and often nearly win then fall apart in a lack of momentum which snowballs into a free fall during the game somehow.    Quality counts definitely in esports which might surprise some..
sr. member
Activity: 1232
Merit: 379
Absolutely, gambling is a kind of fun in everyday life, expecting to build a mansion out of this is a bad idea which can never be achieved at any given point in time. Since I have accepted the fact that placing bets is a fun, then I proceed with the idea of staking with the amount I can afford to loss, this is the major factor to overcome before you can perfectly manage your bankrolls perfectly.
hero member
Activity: 2534
Merit: 586
Looks near to the perfect on paperwork or for making a master thesis but let's accept the reality and move on with it. The idea of gambling is not only having fun, entertainment, and checking Youtube streamers is more fun for me. The main idea is to increase the bankroll and run fast from the casino. If the only idea is to have fun, then either the money is no a problem or he really likes adrenaline on gambling. Otherwise, demo play is enough for reaching the same "fun level".  Just my 2 cents.
I agree and I like the point which says "Calm mindset" because at times you have a big amount to play but a small loss can put you off and force you to make rushed bets which is something one must never do. I myself get loses and feel angry at times and make some random bets and making random bets is worst idea because the house edge is so big that it is better to roll dice than to make random sports bets.

Not many people understand that if you lose 1 unit and have 99 units left then you actually have lost basically nothing but once you start losing your temper and make rushed bets that will ensure that soon the 99 units is the loss and the 1 unit will be remaining, such is the nature of sports betting. E-sports can be very tricky because games like CSGO can flip outcome in moments and people feel raged and lose even more.
legendary
Activity: 3122
Merit: 1140
What is very difficult in all of what you have posted here is to never chase your losses, what I notice to most of the gamblers either they are new or old gamblers is that they became hot after they are lossing and they will not stop until they cannot recover their losses.
That is because they are betting too big to be relaxed within their mind. Imagine if you have a balance of 1 bitcoin and you are betting 0.0001 BTC on sports would you be tempted at all chasing the loss? Never! That is because you know you have enough in the balance and you can bet tomorrow. Now similar instance when you have 0.01 BTC balance and you lose 0.005 in some sports bets now you would be so hyper and tensed that you will without even realizing lose the remaining balance in chasing those loses.

Limiting your betting amounts can help control chasing of the loses because when you are chasing loses that means you either bet too big or you cannot accept loses in life which is a terrible behavior. It is actually familiar to how some traders will sell their coins at cheap prices to avoid absolute loss while some will stay arrogant and lose everything just in hope to recover it all.
This is why the size of your bets needs to be very small, because in the case your bet size is too high and then you lose a bet that you thought was already won at the last second of a match in the case you were making a sports bet then you are going to feel cheated and you will want to get that money back, and as we know the moment you get those feelings that is when the casino has you since you are likely to make a reckless bet and lose all your money because of it.
You would surely go all in because you do let your emotion control you and the anger you've felt and ive been on that situation for several times already based on experience
where you do believe that certain bet is winning and suddenly the situation turns upside down which in result into a loss then that will create some frustration and if you arent
really good on handling out your emotion then you will end up on this expected outcome.Lucky if you do able to win the next bet but if not then you have just totally bust up
your entire bankroll which it isnt part of good bankroll management. Always control your temper since this is one of they factors can messed out your plan.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
What is very difficult in all of what you have posted here is to never chase your losses, what I notice to most of the gamblers either they are new or old gamblers is that they became hot after they are lossing and they will not stop until they cannot recover their losses.
That is because they are betting too big to be relaxed within their mind. Imagine if you have a balance of 1 bitcoin and you are betting 0.0001 BTC on sports would you be tempted at all chasing the loss? Never! That is because you know you have enough in the balance and you can bet tomorrow. Now similar instance when you have 0.01 BTC balance and you lose 0.005 in some sports bets now you would be so hyper and tensed that you will without even realizing lose the remaining balance in chasing those loses.

Limiting your betting amounts can help control chasing of the loses because when you are chasing loses that means you either bet too big or you cannot accept loses in life which is a terrible behavior. It is actually familiar to how some traders will sell their coins at cheap prices to avoid absolute loss while some will stay arrogant and lose everything just in hope to recover it all.
This is why the size of your bets needs to be very small, because in the case your bet size is too high and then you lose a bet that you thought was already won at the last second of a match in the case you were making a sports bet then you are going to feel cheated and you will want to get that money back, and as we know the moment you get those feelings that is when the casino has you since you are likely to make a reckless bet and lose all your money because of it.
hero member
Activity: 1694
Merit: 516
Looks near to the perfect on paperwork or for making a master thesis but let's accept the reality and move on with it. The idea of gambling is not only having fun, entertainment, and checking Youtube streamers is more fun for me. The main idea is to increase the bankroll and run fast from the casino. If the only idea is to have fun, then either the money is no a problem or he really likes adrenaline on gambling. Otherwise, demo play is enough for reaching the same "fun level".  Just my 2 cents.

I agree with you, the idea of gambling and betting is that it can be fun when we are winning and it provides a nice adrenaline rush to check results and see if we have won. But losing a large sum of money can be very frustrating and depressing, at least for me. That is why bankroll management is so important in my opinion. We need to restrain our self to not bet larger than we can actually afford. A good bankroll management is in place to protect us from going bankrupt.
sr. member
Activity: 2226
Merit: 344
~snip~
This kind of feeling should be eliminated because it will affect your future decision.
When you put emotion in gambling, you'll never be consistent in the long run as eventually you will lose your focus.

Believe me, I've been there.

I believe you because I've been there too. The feeling of excitement in the match will always be there, no matter we realize it or not. But we need to manage our emotions and don't let it ruin the excitement. When we gamble with our friends, losing or winning will not be a problem because after the match ends, we can have fun with other things. Sometimes, after the match, we go to a cafe, and the winner buys a lot of drinks and food to celebrate his winning. I miss that moment when we gather in one place after watching the match.
That is why sometimes people consider online gambling to be more addictive as compared to gambling among friends and even at a local bookie because the process of placing those bets is tiring and you don't get stuck in just betting. While online betting is so easy and there is just a click to make bets and you forget to enjoy the process unconsciously and start caring about wins and loses and the results.

I used to enjoy soccer a lot but I realized when I bet a lot I stop enjoying and just was concerned with the result which was not a healthy habit so I started to lower my bet to smaller amounts such that I can enjoy the match and the bet is only an additional element not the only reason to watch the games.
hero member
Activity: 2968
Merit: 687
What is very difficult in all of what you have posted here is to never chase your losses, what I notice to most of the gamblers either they are new or old gamblers is that they became hot after they are lossing and they will not stop until they cannot recover their losses.
That is because they are betting too big to be relaxed within their mind. Imagine if you have a balance of 1 bitcoin and you are betting 0.0001 BTC on sports would you be tempted at all chasing the loss? Never! That is because you know you have enough in the balance and you can bet tomorrow. Now similar instance when you have 0.01 BTC balance and you lose 0.005 in some sports bets now you would be so hyper and tensed that you will without even realizing lose the remaining balance in chasing those loses.

Limiting your betting amounts can help control chasing of the loses because when you are chasing loses that means you either bet too big or you cannot accept loses in life which is a terrible behavior. It is actually familiar to how some traders will sell their coins at cheap prices to avoid absolute loss while some will stay arrogant and lose everything just in hope to recover it all.

You would really have that problem If you cant able to control up your mind and emotion.One of the hardest thing to be done is on how to control up your motives and emotions

because if you do have that kind of mindset where you do always like to chase up losses then theres no doubt that you would really have that all-in bet kind of behavior which

is totally going outside on the scope of good bankroll management.If you do like to sustain then you should know how to handle up your funds and make yourself last without
busting all of your capital in a short span of time.
hero member
Activity: 2408
Merit: 584
What is very difficult in all of what you have posted here is to never chase your losses, what I notice to most of the gamblers either they are new or old gamblers is that they became hot after they are lossing and they will not stop until they cannot recover their losses.
That is because they are betting too big to be relaxed within their mind. Imagine if you have a balance of 1 bitcoin and you are betting 0.0001 BTC on sports would you be tempted at all chasing the loss? Never! That is because you know you have enough in the balance and you can bet tomorrow. Now similar instance when you have 0.01 BTC balance and you lose 0.005 in some sports bets now you would be so hyper and tensed that you will without even realizing lose the remaining balance in chasing those loses.

Limiting your betting amounts can help control chasing of the loses because when you are chasing loses that means you either bet too big or you cannot accept loses in life which is a terrible behavior. It is actually familiar to how some traders will sell their coins at cheap prices to avoid absolute loss while some will stay arrogant and lose everything just in hope to recover it all.
legendary
Activity: 3052
Merit: 1273
Looks near to the perfect on paperwork or for making a master thesis but let's accept the reality and move on with it. The idea of gambling is not only having fun, entertainment, and checking Youtube streamers is more fun for me. The main idea is to increase the bankroll and run fast from the casino. If the only idea is to have fun, then either the money is no a problem or he really likes adrenaline on gambling. Otherwise, demo play is enough for reaching the same "fun level".  Just my 2 cents.

That's true, but I neither said nor meant anything about playing for fun (I mean virtual money) as I've been talking about the real ones. You can't just deny the fact people mostly say they do it for fun (here, it literally means fun but with real money), but when they lose, they just cry and shout louder and sometimes, even blame the website for the same. I mean, what did the website do in that sports game? If the game does not turn out to be in your favor, why don't you accept it?

On a second note, running away fast from sportsbetting website is not needed, but stopping where you don't know if you should bet or not - matters a lot.
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