Bankroll Management is the most important aspect of successful gambling. This helps you avoid big losses and ensures you can continue playing even after a losing continuous streak.
agree with you mate everyone of us here must know that strategy in order to have a good and high chance of winning especially in sports betting. Analyzing the odds is the important thing to do so that we can we have a good winning. And also not just that our bankroll must have enough money to sustain and once it's almost empty then we must put some of it and also once we won a good amount then we should not withdraw all our money just leave some small amount and that will be our new capital.
Managing our funds meaning we do not need to add more once we have lose the capital we allot in that certain game so we will not lose chances of resting for a while , gambling is not constantly trying to chase losses or chasing winning because that attitude mostly brings us to more engagement and yeah more losses.
but I love your point to withdraw in case we experience wins so if ever we once again straight losing then we already have funds in our pocket.
Yeah, and aside making a withdrawal, another good strategy is to take a short or long break when ever we hit a good winning, break period of duration should depend totally on how much is won, for example, if luck hits me and I won like $100,000, I possibly will take a break from gambling for like 6 months to 1 year, this will allow me to plan well and do some thing meaningful with the money.
If one wins a huge amount of money and keeps gambling without withdrawing or taking a break, there is the tendency that he or she will increase his or her betting amount, in a bid to hit even more bigger wins, and this process, if the gambler is not careful, he or she might lose all the back to the casino before he or she realises it.
I think this is what happens to some lottery winners, when they win a huge sum of money, they feel that the money is not too much and they can bet with any amount of money in gambling as to them, they can never go broke again, but unfortunately to them, things always turn out differently as before they realize what is happening, they are already down by a significant amount of money, by this time, they begin to try as much as they can to win the money back, which in most cases only lead to further loses, and before they know it, they are broke again.
So, to avoid such from happening, for me, it's best to simply take a break from gambling when ever we hit a big win.