Know what bankroll management is in sports betting? - page 9.

Fundamentals Of

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Quote from: Stedsm on November 02, 2020, 11:59:50 AM

Quote from: Fundamentals Of on November 02, 2020, 10:49:57 AM

That's responsible betting at the minimum, betting with basics. I experienced betting for the sake of betting when I was new in gambling. Control was hardly something to think over. If there is a spare amount of money it could easily be spent gambling. Most often, it was just wasted. There was still fun of course but there was hardly any money from it.

With proper bankroll management and betting with basis, gambling could be both fun and profitable.

FTFY.
The most important part for a gambler is control over their addiction and their level of tilt towards gambling. If you just lean down too much whenever thought of gambling comes to your mind, you seriously need help quitting it or at least dropping that level to some extent.

Anyways, I have learned that you need to decide your units as well as keep it least against the ratio of your total bankroll in order to level up the variance - variance means when you are winning a bet but suddenly something happens that makes you lose it. So it's better to keep your unit size least in order to beat the variance twist.

That's what I mean. You don't just gamble for the sake of gambling. You place a bet because you know that the team you are betting on is probably going to win. You are not just betting because you are a fan of a particular team. You are betting because, according to your own analysis, a certain team will prevail over the other. If you don't have a basis for betting on a certain team, you better not touch your money and wait for a certain match where you have a clear prediction on which team will come out the winner.

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Quote from: john_nautica on November 03, 2020, 02:15:18 AM

This advice of yours can also be used in casino betting not just on sports betting and this is really good if it was become a habit from the start because in this way you would be able to control your addiction to gambling, control your emotion and handle your losses.

Agree, general tutorial about gambling. In the end, or the beginning, gambling is winning and losing, one can't win all the time or lose all the time, winning rate is what makes the difference between successful gambler and constant losers. To win more than you lose you need to adapt odds to your bankroll and base bet, you need to change strategy from time to time, to turn from passive to aggressive, or vice versa, you need to have fun and big balls to make some bets that will give you profit that can cover all loses. Don't be afraid to make a wrong bet, that happens, what's important is to have for another one! As long as you are playing you have chances.

plvbob0070

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Some gamblers often forget about bankroll management, especially when they become so greedy over something that's why instead of winning, they end up losing. But sometimes, I'm guilty that I also forgot to keep these tips when I'm already on the game. Sometimes I get more greedy and keep wanting to get back what I lost and of course, it's not a good habit. The more you keep chasing your losses, the more you won't be able to control your emotions. And it's good to see this kind of topic to remind us of how to properly manage our bankroll.

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Quote from: john_nautica on November 03, 2020, 02:15:18 AM

This advice of yours can also be used in casino betting not just on sports betting and this is really good if it was become a habit from the start because in this way you would be able to control your addiction to gambling, control your emotion and handle your losses.

Controlling the emotion will work for you to handle the situations when everything becomes "hot" because if you are in high tensions, you will forget everything, and you want to chase your losses or make another winning. That is not good for all gamblers because if they don't have control over themselves, it is just a matter of time to see they will lose everything at the gambling table. We don't want to be like that so that we need to have control when we are playing gambling.

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Quote from: john_nautica on November 03, 2020, 02:15:18 AM

This advice of yours can also be used in casino betting not just on sports betting and this is really good if it was become a habit from the start because in this way you would be able to control your addiction to gambling, control your emotion and handle your losses.

^ But these tips are all basic and everyone is aware of it however, it remains to the bettors on how or if they will be able to apply it in their daily betting lives because it is a fact that every time we do betting at first we can handle it or manage it but as we go along we forgot our composure regardless if we lose or win but unconsciously eagerness can turn into greediness that made us blind of which and what strategy we need to apply. Nevertheless, it is really not funny to gamble if you look at gambling more seriously than those who take it as for entertainment besides we are all different, or probably we are but only at different rates.

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This advice of yours can also be used in casino betting not just on sports betting and this is really good if it was become a habit from the start because in this way you would be able to control your addiction to gambling, control your emotion and handle your losses.

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Quote from: xSkylarx on November 03, 2020, 12:53:45 AM

Most gamblers don't have these traits that is why they just lose more money in gambling. Pro or those who we call experts in gambling only have those traits. I myself can admit I don't have those, it's not easy to develop those especially if your opponent is yourself. This is also the reason why casinos don't run bankrupt. Greed is present in most of us.

Even us ourselves could be tempted to retrieve our losses in gambling. I have an experience when I lost quite big amount in trading, it makes me wanna trade more to recover my loss but big thanks to my friend who opened this topic to me. Having good discipline will enable us to limit our loss and to potentially help us with gains. We just need to control our emotions to be unnaffected and to accept that not everyday we are lucky.

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

This is one of the major topics that is never covered here (or maybe I haven't seen any such threads related to this).

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.

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

Good formula here.

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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.

I use to be like this for long time before,when i am so eager to win back each time a lose and in the end?i lose all my money before of this attitude.
things that i have changed and now trying to be responsible each time i gamble.

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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.

Actually if you are enjoying the game,there is no need to be calm specially if the momentum is in your side,but what we need is accurate mind.

xSkylarx

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

This is one of the major topics that is never covered here (or maybe I haven't seen any such threads related to this).

Deciding Units
Never chase your losses
Calm mindset
Have an edge over yourself

Most gamblers don't have these traits that is why they just lose more money in gambling. Pro or those who we call experts in gambling only have those traits. I myself can admit I don't have those, it's not easy to develop those especially if your opponent is yourself. This is also the reason why casinos don't run bankrupt. Greed is present in most of us.

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Quote from: shield132 on November 02, 2020, 05:02:00 PM

I think no one can teach anyone how to use their bankroll during gambling. Simply there is no idea about it because psychology plays a huge role during this process. I can set limit to myself but at the same time I can change the rules/plans anytime during my sessions if I feel to do so and there are a lot of people who feel that way because there are a lot of chemical reactions during sports betting too, it's an adrenaline rush and at some point euphoria when you win or are actively looking matches and are in process. These are the advice that everyone can think over.

None can teach them what to do but himself/herself only. What we have been talking here in this thread was only a sole experiences of each gambler and the mistakes that they've done and what they can suggest that we should do if we were going to gamble but it is all up to us if we were going to adopt it. We have our own tactics regarding gambling but one thing would always be in our thought, and it be a wise decision maker.

Janation

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I agree with all of it but I think deciding units would vary from people to people.

For me, what you've said is amazing, it is new knowledge from me but what I wanted to say is that I think that $1 per bet would be small for some even with a $100 at hand. Especially if they lose, they would tend to double their bet with that small primary bet. That being said, people should really stay calm and don't even think of chasing before that losses.

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Quote from: imstillthebest on November 02, 2020, 06:52:47 PM

i like that deciding units . i never seen that being talked before . 100 bets is not small but its not also that high its just normal to make you entertain in the game and at the same time score for a good profit but the amount should also be match with the bankroll you have .

the problem to me is that i cant stick on the 1 bets till i fully consume the 100 bet but i find my self raging bets at the middle of the game . this happen if im loosing or if i got bored . if im sure with the play i will also increase my bets but if not i wont decrease it . rest that you say are also essential in betting .

Just imagine if your bets for 100 bets, and you use a medium amount for let say, it's $1 for each bet.
If for that 100 bets, and you lose for 50-80 times, that will be a big loss for you.
But if that losing money is the money you can accept to lose, you can enjoy the games, even if the result makes you lose the money.
But I don't place the bets for about 100 bets because that can make my heart feel bad, especially I lose in more rounds.
I always tried to play less than $20 if I want to gamble because that will be enough for me to lose that amount, and sometimes, I still have at least $5-$9 in my account.
You can try to reduce or lower your bets and try to bet for 50 bets. Maybe it is hard for you, but that is worth trying because that can help you reduce your time in gambling.

STT

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- just divide your bankroll by 100 and you'll get your 1 unit cost.

Super simple strategy and Im totally sure it will work to anyones advantage, not that any of us are guaranteed the win but over time you will improve in experience in reaction and calculation of bets. Never go all in too soon or with money that isnt winnings, to have patience is a small thing but a big ask for most of us as the natural inclination is to get involved upto your neck and hope to pull it off.
The more boring but sensible strat is to build momentum with a sequence of wins and with sports betting it is possible for sure. Put it another way, the feedback from your previous bets is valuable guidance in the future decision making and only by equal division of capital is there a real chance to gather proper judgement. The final piece why this strategy for sure works is they do very similar in finance and risks vs reward in that arena, over time is a valid process of consideration never all at once.

Questat

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This is the most important factors to consider if we like to go through a serious path in gambling.

Some of the major problems of the gamblers are they chase their loses, why? because in the first place they failed to set a decent bankroll, and honestly speaking, with $100 bankroll, I doubt one can still be thrilled putting only $1 per bet, sometimes it's a waste of time because for example in game season you end up up 20% of your bankroll, that means you win 20 usd over a period of time, that is not satisfying IMO.

Therefore, build a decent bankroll, and everything will follow.

imstillthebest

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i like that deciding units . i never seen that being talked before . 100 bets is not small but its not also that high its just normal to make you entertain in the game and at the same time score for a good profit but the amount should also be match with the bankroll you have .

the problem to me is that i cant stick on the 1 bets till i fully consume the 100 bet but i find my self raging bets at the middle of the game . this happen if im loosing or if i got bored . if im sure with the play i will also increase my bets but if not i wont decrease it . rest that you say are also essential in betting .

erikoy

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Well, that will be a good start to gamble. It may sound generic or simple advises but for me it is effective. I had tried that also when I do gambling after made some losses never had been asking for money to continue gambling by chasing or recover the losses being made. We know how the casino works and this is their business so in the long run it is neither for us to win or take home profit instead it is only the fun and excitement being made when one is gambling. Gambling is a business for casino and a fun and past time for gamblers.

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Honestly, we can't just apply these pointers in general even how basic it is.

For me, those problems should be experienced in order to be a better gambler in the long-run.

Without those struggles, they won't learn. I myself are like that back in my early days of gambling. Since I already know being on those numerous bad experiences, I'm trying my best not to have the same mistakes in the future and that also includes the ability to manage my bankroll management.

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Quote from: Yaunfitda on November 02, 2020, 03:44:36 PM

I don't think there is just a one rule to cover everything, and even if others are practicing safe bankroll management, you can still fall sometimes that you want to bet even more than 1 stake because you feel the urge to (just like the majority of the gamblers are). Similar to when you are going to a traditional base casino, before playing you always tell to control yourself, but in the end those bank roll system you put into place are thrown out of the window, because your bet are affected by our emotions already.

There may be diverse rules to follow but overall if you can master 1,2 or three of it I think it will be a key to your gambling life and the number 1 rule to setup is the attitude and discipline towards it. I bet these happen to all gamblers but when you get some experience or say you're already a pro I think you may able to control that urge especially when chasing losses where most gamblers fail to sway.

Bankroll management I guess is hard to meet by our own standards but if there's some key to it I think it should be an advisor or something that always never fail to remind you that you may stop during some point of either win or losses.

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I think no one can teach anyone how to use their bankroll during gambling. Simply there is no idea about it because psychology plays a huge role during this process. I can set limit to myself but at the same time I can change the rules/plans anytime during my sessions if I feel to do so and there are a lot of people who feel that way because there are a lot of chemical reactions during sports betting too, it's an adrenaline rush and at some point euphoria when you win or are actively looking matches and are in process. These are the advice that everyone can think over.

Yaunfitda

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I don't think there is just a one rule to cover everything, and even if others are practicing safe bankroll management, you can still fall sometimes that you want to bet even more than 1 stake because you feel the urge to (just like the majority of the gamblers are). Similar to when you are going to a traditional base casino, before playing you always tell to control yourself, but in the end those bank roll system you put into place are thrown out of the window, because your bet are affected by our emotions already.

Topic: Know what bankroll management is in sports betting? - page 9. (Read 64267 times)