Topic: management of risk and money on gambling - page 3. (Read 2305 times)
when i was new to this it was hard (actually impossible) for me to control myself you guys can say i was a greedy man who mistook it as a success shortcut but with hard times gone i learned my mistakes and started enjoying my losses and now it is just a game for fun
First of all after you start playing casino games it is addictive and hard to leave so one and only strategy i have is to never go through any gambling sites. However even if i like to play sometime, i used to deposit very few bitcoin and play till i loss all and which is quite sure at last. With this i enjoy playing as well as i will also not lost much and whatever i will loss is what i afford to loss.
My strategy is simple when I gamble: play within my allotted bankroll, control my emotions, learn the game I am playing inside and out and make only EV+ plays.
yes that is a fact that if you are playing gambling in a planed and you have managed your gambling it will certainly minimize your risk of losing money in gambling.Also it can make gambeling more of a hobby and more bareable. Easier to maintain and keep careful watch of the funds and where they are going.
Risk management is very important in gambling because it is a risky game, I would say that betting in sports betting is the best game in gambling. Setting up a good amount of bankroll for the whole season is necessary in gambling and we should have a proper bankroll management, if you lose your entire bankroll before the season's end then that would mean you are done in betting for the whole season.
In that way, we can control our betting and will minimize our loses.
In that way, we can control our betting and will minimize our loses.
I only gamble with money that I feel I can afford to lose. I think that is what you were getting at in the original post. I also view gambling as entertainment, so if I win, I consider it a bonus.
I don't play more than what's in my account. If for example, I deposited 0.1 for this day, that's it. No more following deposits just to chase losses or what. If I profit 0.05 or higher, I immediately withdraw my initial deposit and just keep on playing whatever that's left on my money.
this actually about how we stick to the plan and principle in gambling. most of us can't stick to the plan. they just gamble their money like a mad. bankroll management also needed to avoid empty balance in certain period and to keep playing without keep depositing . 
I don't play more than what's in my account. If for example, I deposited 0.1 for this day, that's it. No more following deposits just to chase losses or what. If I profit 0.05 or higher, I immediately withdraw my initial deposit and just keep on playing whatever that's left on my money.
My strategy is simple when I gamble: play within my allotted bankroll, control my emotions, learn the game I am playing inside and out and make only EV+ plays.
yes that is a fact that if you are playing gambling in a planed and you have managed your gambling it will certainly minimize your risk of losing money in gambling. Gambling is just for fun and game to me no more, but even if it is just game and for fun i always apply management of risk and money. And i always play gambling with i can lost it. And i don't play gambling every days.
Do you apply same something what i have doing or you are very can not control your self? Share your opinions at here.
The plan is simple as followsDo you apply same something what i have doing or you are very can not control your self? Share your opinions at here.
1. Bet what you can afford to lose
2. Believe winning or losing is based on chance not luck, not prayer, not religion
3. Put your money where you trust
4. Spread your money to mitigate losing all at once
5. Never play on emotions or subjectivity
6. Finally, Dont be greedy know when to cash out...
My 6 cents...
as every one know that gambling is such a difficult job and not an easy way of getting money therefore it is good to do it with some management. because without a proper management it is difficult to earn money in gambling.
Gambling is just for fun and game to me no more, but even if it is just game and for fun i always apply management of risk and money. And i always play gambling with i can lost it. And i don't play gambling every days.
Do you apply same something what i have doing or you are very can not control your self? Share your opinions at here.
Do you apply same something what i have doing or you are very can not control your self? Share your opinions at here.
Maybe you must make a some target profit every day after your playing , you can make target 5% - 10% on your all btc and play again tommorow for you profit
Never treat gambling in scientific way by applying money managements and risk management techniques while gambling. Because gambling is 99% luck based, maybe the science occupy 1% of role in deciding the out come of your gambling. So, going for researches for very negligible part of gambling is completely meaningless IMHO.
A good way is to limit your monthly expenses, now that we have checklocktimeverify stuff we can lock wallets and make it impossible to subtract money from it, so you can limited your monthly gambling money to never spend too much on it.
Gambling is just for fun and game to me no more, but even if it is just game and for fun i always apply management of risk and money. And i always play gambling with i can lost it. And i don't play gambling every days.
Do you apply same something what i have doing or you are very can not control your self? Share your opinions at here.
Do you apply same something what i have doing or you are very can not control your self? Share your opinions at here.
the risk is always there and i don't think you can ever do anything about it to make it go away or reduce it more.
but you can always manage your money and control yourself by restricting yourself. for example you can always give your money to someone you trust and only keep a small amount for gambling.
The best would be to have a manager who can look over your gaming results and determine whether to let you continue gambling or not. So based on emotion decisions wouldn't of been made. I think this would help everyone.
Gambling is just for fun and game to me no more, but even if it is just game and for fun i always apply management of risk and money. And i always play gambling with i can lost it. And i don't play gambling every days.
Do you apply same something what i have doing or you are very can not control your self? Share your opinions at here.
There is no vital role for risk and money management as gambling is just luck based. When you are going for money management and risk management you can prevent your losses and you can stay somewhat long duration with gambling. But, those managements never guarantee for any profit from gambling. Do you apply same something what i have doing or you are very can not control your self? Share your opinions at here.
When come to gambling i always play for fun, of course i always set a limit before i gamble, whether its winning limit or lose limit, for me gambling is just a game that is why i dont really care about the management risk, because its ruining the fun, when i gamble i only follow my intuition and go for it
Management of risk is interconnected with emotion if you can control yourself when gambling I'm sure you can manage the risk of loss
So this time you need to learn to control yourself you have to know when to get out when reaching profit and stop when lost
I think you must explain more about your opinion with management of risk was interconnected with emotion, because your explaining about it is very short. I hope you can share more about it. Thank you very much So this time you need to learn to control yourself you have to know when to get out when reaching profit and stop when lost
Management of risk is interconnected with emotion if you can control yourself when gambling I'm sure you can manage the risk of loss
So this time you need to learn to control yourself you have to know when to get out when reaching profit and stop when lost
I think you must explain more about your opinion with management of risk was interconnected with emotion, because your explaining about it is very short. I hope you can share more about it. Thank you very much So this time you need to learn to control yourself you have to know when to get out when reaching profit and stop when lost
Gambling is just for fun and game to me no more, but even if it is just game and for fun i always apply management of risk and money. And i always play gambling with i can lost it. And i don't play gambling every days.
Do you apply same something what i have doing or you are very can not control your self? Share your opinions at here.
It's good for you but not all gamblers think what you are thinking other use it as a job , so it's hard for them if they lost money .so for u guys do gambling just for fun and don't use it as a job.Do you apply same something what i have doing or you are very can not control your self? Share your opinions at here.
Gambling can never be a job it's not financially sounds and it is not regular like a paycheck so forget about trying to gamble for a living these are mere fantasies. Won't come true and we all know it. Poker sure ! Betting maybe . But gambling ? No.
If someone thinks of gambling as a job it means they lazy and want easy money. Nothing is easy especially getting rich. It is a dream, such a person is living in dream land. xP
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