Know what bankroll management is in sports betting? - page 8.

Janation

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Quote from: Questat on November 06, 2020, 04:36:25 AM

Quote from: maydna on November 05, 2020, 08:20:05 PM

It was exciting to feel that moment, but if we lose, only regret that we will felt.

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 do support a team but I don't just let my emotion run free.

It is true that you are supporting a team but that doesn't mean that you can risk your money with them without doing any analysis or anything that could increase your chances of winning. We are talking about your money here, so you don't need to always just go with that team always, you need to use your head first before your heart as they said it.

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Quote from: maydna on November 05, 2020, 08:20:05 PM

It was exciting to feel that moment, but if we lose, only regret that we will felt.

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.

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Quote from: Maslate on November 05, 2020, 01:47:24 AM

Quote from: maydna on November 04, 2020, 10:25:17 PM

~snip~

Bankroll management is different from your process of selecting a team to bet, with proper bankroll management, even if you are so confident that a certain team will win, you won't put a lot of money because you follow the right bankroll management.

Let's say you are only allowed to bet $100 per bet, you should strictly follow that as what you need here is to be consistent in order to be profitable in the long run, and even how good you are, cold streak will happen in your career as a gambler.

Thank you for explaining. Yes, consistently will not easy to apply. Many gamblers are drained their money once they see the chance to win, and make them bet more. In the beginning, they can follow the plan, but in the next betting, when it comes to their favorite team, and they see the chance to win, they will use more money.

That is what happens when I bet with my friends. Sometimes, we raise the bet amount because the position of both teams almost the same, and it's hard to predict which team that could win. It was exciting to feel that moment, but if we lose, only regret that we will felt.

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Quote from: maydna on November 04, 2020, 10:25:17 PM

Knowing the money management is important to do, and it's not about which team that we will select to bets, but it's about how we manage our money in the sports betting. We want to minimize the losing money, and we don't bet if it does not give a chance to win to us.

Bankroll management is different from your process of selecting a team to bet, with proper bankroll management, even if you are so confident that a certain team will win, you won't put a lot of money because you follow the right bankroll management.

Let's say you are only allowed to bet $100 per bet, you should strictly follow that as what you need here is to be consistent in order to be profitable in the long run, and even how good you are, cold streak will happen in your career as a gambler.

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Quote from: goinmerry on November 04, 2020, 10:02:31 PM

I'm sometimes affected too at this betting with emotions especially if my favorite team is involved.

I will just go with the flow, bet on my favorite team because I want it disregarding how dominant their opponent is.

Generally, it's not that they always losing so still worth putting up a bet. I'm not that blind to just bet on my favorite team even they are weak if I see they don't have the ability to turn the table against a much stronger team.

When it comes to our favourite team, we can feel more emotions, and I feel that too. Going with the flow will not be a problem as long as we know that our favourite team have a chance to win. But if it's not, we shouldn't be placing bets to them because if they don't have a chance to win, we better watch them play.

I have experience betting to my favourite team, but the opponent can turn the situations that give benefits to them, and in the end, my favourite team are lost the game.

Knowing the money management is important to do, and it's not about which team that we will select to bets, but it's about how we manage our money in the sports betting. We want to minimize the losing money, and we don't bet if it does not give a chance to win to us.

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Quote from: FlightyPouch on November 04, 2020, 07:43:40 PM

Well, that would be different if you are really rooting for a team or a player. I can't just put my bet to another team since they are the real reason I am actually doing that bet. It is true that I let my emotion run but I don't think I will bet if it is another two teams playing and I don't actually support them.

I'm sometimes affected too at this betting with emotions especially if my favorite team is involved.

I will just go with the flow, bet on my favorite team because I want it disregarding how dominant their opponent is.

Generally, it's not that they always losing so still worth putting up a bet. I'm not that blind to just bet on my favorite team even they are weak if I see they don't have the ability to turn the table against a much stronger team.

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Quote from: Pamadar on November 04, 2020, 09:02:12 AM

Quote from: Chikito on November 04, 2020, 08:26:10 AM

Quote from: FlightyPouch on November 04, 2020, 07:24:39 AM

Yeah, that makes sense but I usually experience where there is this team that you are really supporting and you are so confident that they could win this game so you just go all-in on them and then they lose? Well, that happened to me with the recent NBA playoffs where Milwaukee Bucks lost in the playoffs thinking that they could win.

Don't use emotion while betting. I mean, it doesn't need to bet into your favorite team. If the purpose to get money let's count it with real fact. I also think Antetokounmpo rarely exercises during a pandemic then his muscles going stiffen.

Precisely. If you are really after the money then using emotion won't help you.

Betting with proper understanding and right sets of skills in finding the advantages from one team or players over the other, you'll be able to get something out from doing your research. Stats wise you should always refer your pick according to how things went out from your study it gives higher chances of winning if you stick with this pattern.

Well, that would be different if you are really rooting for a team or a player. I can't just put my bet to another team since they are the real reason I am actually doing that bet. It is true that I let my emotion run but I don't think I will bet if it is another two teams playing and I don't actually support them. I am after the money, that would be obvious and I thought betting it on one of the best teams of the regular season, that I also support would give me that.

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Quote from: Chikito on November 04, 2020, 08:26:10 AM

Quote from: FlightyPouch on November 04, 2020, 07:24:39 AM

Yeah, that makes sense but I usually experience where there is this team that you are really supporting and you are so confident that they could win this game so you just go all-in on them and then they lose? Well, that happened to me with the recent NBA playoffs where Milwaukee Bucks lost in the playoffs thinking that they could win.

Don't use emotion while betting. I mean, it doesn't need to bet into your favorite team. If the purpose to get money let's count it with real fact. I also think Antetokounmpo rarely exercises during a pandemic then his muscles going stiffen.

Precisely. If you are really after the money then using emotion won't help you.

Betting with proper understanding and right sets of skills in finding the advantages from one team or players over the other, you'll be able to get something out from doing your research. Stats wise you should always refer your pick according to how things went out from your study it gives higher chances of winning if you stick with this pattern.

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Quote from: FlightyPouch on November 04, 2020, 07:24:39 AM

Yeah, that makes sense but I usually experience where there is this team that you are really supporting and you are so confident that they could win this game so you just go all-in on them and then they lose? Well, that happened to me with the recent NBA playoffs where Milwaukee Bucks lost in the playoffs thinking that they could win.

Don't use emotion while betting. I mean, it doesn't need to bet into your favorite team. If the purpose to get money let's count it with real fact. I also think Antetokounmpo rarely exercises during a pandemic then his muscles going stiffen.

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Quote from: ralle14 on November 04, 2020, 12:02:28 AM

Quote from: FlightyPouch on November 03, 2020, 10:21:00 AM

I am fine with betting $1, to be honest, but the problem is that there are always those times that you can't stop yourself from betting higher. Even though you want to keep your bets lower, you just want to bet higher not just you can't control yourself but to try your luck and that usually derail us to minimal betting as it will lead to higher bets.

If you can't stop from betting bigger amounts i'd suggest putting a max limit on your bets and try not to go over that limit. I also get carried away but having a limit of some sort helps you control that urge.

Yeah, that makes sense but I usually experience where there is this team that you are really supporting and you are so confident that they could win this game so you just go all-in on them and then they lose? Well, that happened to me with the recent NBA playoffs where Milwaukee Bucks lost in the playoffs thinking that they could win.

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Quote from: Janation on November 04, 2020, 02:33:41 AM

Quote from: Rodeo02 on November 04, 2020, 01:17:38 AM

Quote from: FlightyPouch on November 03, 2020, 10:21:00 AM

I am fine with betting $1, to be honest, but the problem is that there are always those times that you can't stop yourself from betting higher. Even though you want to keep your bets lower, you just want to bet higher not just you can't control yourself but to try your luck and that usually derail us to minimal betting as it will lead to higher bets.

This is because you are expecting to be in the next roll you will be lucky to win it, this is only happens if the bettor have a lost strikes and want to get back all the lost in just one rolls by increasing the bet so you will win higher instead of having fixed bet.

This is far worse in dice, to be honest.

We are talking about sports betting so usually you could bet a small amount without a problem but there are those times that you could be overconfident and bet higher. In dice, I could say it is worse since you could easily see the result and that leads to betting higher and losing that money more quickly. If we will be talking about the auto bet, I don't think people would even enjoy that.

Dice is the best game if you want to get back your loses right away, however, we are only seeing the positive here, the negative part is if you chase you will lose everything. Bankroll management is not for short term, should be for long term and you have to understand that at a given day, you could also lose, and just continue betting and accept the nature that you will experience loses along the way, but what's important is you are still up in the end.

Janation

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Quote from: Rodeo02 on November 04, 2020, 01:17:38 AM

Quote from: FlightyPouch on November 03, 2020, 10:21:00 AM

I am fine with betting $1, to be honest, but the problem is that there are always those times that you can't stop yourself from betting higher. Even though you want to keep your bets lower, you just want to bet higher not just you can't control yourself but to try your luck and that usually derail us to minimal betting as it will lead to higher bets.

This is because you are expecting to be in the next roll you will be lucky to win it, this is only happens if the bettor have a lost strikes and want to get back all the lost in just one rolls by increasing the bet so you will win higher instead of having fixed bet.

This is far worse in dice, to be honest.

We are talking about sports betting so usually you could bet a small amount without a problem but there are those times that you could be overconfident and bet higher. In dice, I could say it is worse since you could easily see the result and that leads to betting higher and losing that money more quickly. If we will be talking about the auto bet, I don't think people would even enjoy that.

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Good tips and advice! This is pretty useful for new players who are planning to jump into gambling I think if they manage to practice it and becomes a habit I'm pretty sure they would be a responsible gambler I think even I should start practicing those and maybe some more to control myself in playing gambling.

ya.ya.yo!

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Quote from: Rodeo02 on November 04, 2020, 01:17:38 AM

Quote from: FlightyPouch on November 03, 2020, 10:21:00 AM

I am fine with betting $1, to be honest, but the problem is that there are always those times that you can't stop yourself from betting higher. Even though you want to keep your bets lower, you just want to bet higher not just you can't control yourself but to try your luck and that usually derail us to minimal betting as it will lead to higher bets.

This is because you are expecting to be in the next roll you will be lucky to win it, this is only happens if the bettor have a lost strikes and want to get back all the lost in just one rolls by increasing the bet so you will win higher instead of having fixed bet.

Why are your using roll? This is not a dice game we are talking, it's a sports betting using a bankroll management, it's pretty much different from dice actually.

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Quote from: FlightyPouch on November 03, 2020, 10:21:00 AM

I am fine with betting $1, to be honest, but the problem is that there are always those times that you can't stop yourself from betting higher. Even though you want to keep your bets lower, you just want to bet higher not just you can't control yourself but to try your luck and that usually derail us to minimal betting as it will lead to higher bets.

This is because you are expecting to be in the next roll you will be lucky to win it, this is only happens if the bettor have a lost strikes and want to get back all the lost in just one rolls by increasing the bet so you will win higher instead of having fixed bet.

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Quote from: FlightyPouch on November 03, 2020, 10:21:00 AM

Quote from: Stedsm on November 01, 2020, 03:50:33 PM

Deciding Units

I have seen many people getting confused about units and how to set it. Well, I've got a simple formulae here - just divide your bankroll by 100 and you'll get your 1 unit cost. Means, if you have $100, you should bet no more than $1 per bet doesn't matter you win or lose. This will give you 100 bets in total with 100 units available to play with.

I am fine with betting $1, to be honest, but the problem is that there are always those times that you can't stop yourself from betting higher. Even though you want to keep your bets lower, you just want to bet higher not just you can't control yourself but to try your luck and that usually derail us to minimal betting as it will lead to higher bets.

Use autobet if you really want to control your emotion during gambling. Setup 100 roll with 1$ bet per roll and leave your computer once you click start. Just do things like watching TV or catch fresh air outside and start dreaming what you will do on your winnings. Grin

Actually people are just making things complicated like this bankroll management. The only key to enjoy proper gambling is deposit what you can afford to lose and never aim to win huge amount of money like your future depends on it. Gambling is not meant to give you a fortune, It's just a source of entertainment.

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Quote from: FlightyPouch on November 03, 2020, 10:21:00 AM

Quote from: Stedsm on November 01, 2020, 03:50:33 PM

Deciding Units

I have seen many people getting confused about units and how to set it. Well, I've got a simple formulae here - just divide your bankroll by 100 and you'll get your 1 unit cost. Means, if you have $100, you should bet no more than $1 per bet doesn't matter you win or lose. This will give you 100 bets in total with 100 units available to play with.

I am fine with betting $1, to be honest, but the problem is that there are always those times that you can't stop yourself from betting higher. Even though you want to keep your bets lower, you just want to bet higher not just you can't control yourself but to try your luck and that usually derail us to minimal betting as it will lead to higher bets.

Yes, you are right, and I agree.
We will get those times to feel that our luck will come and give us the win that we want. I feel that too in the past, which makes me play longer and the result is losing more money.
If we can not control ourselves, yes, that will make us lose more money, so we really need self-control and always remember how long we can play gambling.
Besides that, maybe we don't need to place the bet in big money because once we do that and win, we will want to try again to get another luck.
If we forget about that, we will not take too long to see more losing that we will get because we can become greed to chase another winning, and that will be the time to lose more money.

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Quote from: bitterguy28 on November 03, 2020, 01:01:17 AM

So this is best for single betting?and not for multi bets since security and safeties of us being gambler is at stake .

It can be applied to both multi and singles the main point here is to control your bet size so you don't run out of funds after losing 10-20 bets in a row as a lot of people tend to increase their bet after a loss.

Quote from: FlightyPouch on November 03, 2020, 10:21:00 AM

I am fine with betting $1, to be honest, but the problem is that there are always those times that you can't stop yourself from betting higher. Even though you want to keep your bets lower, you just want to bet higher not just you can't control yourself but to try your luck and that usually derail us to minimal betting as it will lead to higher bets.

If you can't stop from betting bigger amounts i'd suggest putting a max limit on your bets and try not to go over that limit. I also get carried away but having a limit of some sort helps you control that urge.

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Quote from: Stedsm on November 01, 2020, 03:50:33 PM

Deciding Units

I have seen many people getting confused about units and how to set it. Well, I've got a simple formulae here - just divide your bankroll by 100 and you'll get your 1 unit cost. Means, if you have $100, you should bet no more than $1 per bet doesn't matter you win or lose. This will give you 100 bets in total with 100 units available to play with.

I am fine with betting $1, to be honest, but the problem is that there are always those times that you can't stop yourself from betting higher. Even though you want to keep your bets lower, you just want to bet higher not just you can't control yourself but to try your luck and that usually derail us to minimal betting as it will lead to higher bets.

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Limiting our betting amount is more important in bankroll management

thats why it is called like that .

Quote from: ?? on ??

so don't go with Martingale strategy which was never proved to be a worthy one to try since people tend to lose more when they follow such a strategy. When it comes to sport betting the odds really matters and there is no safe gameplay, whether we may earn more or les but the chances of losing remains the same in my opinion.

whats good with martin is that you start small but on normal bets you start with big amounts and you do bet with this amount consistently . that saps your bankroll faster . limiting on both betting style is possible by setting a stop on loss/win if auto bet or you cant click stop manually on your own . chance of loosing on sport betting can be change depending on the odds your playing . limiting bets or bankroll management is an example of safe play but safe play with 0 damage is not real

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