Topic: Sustainable Approach For Your Earnings in Gambling (Read 474 times)

Theoretically this could be a perfect plan for people who gamble. But in order to implement this in real world, it is quite hard. Gamblers who are professional they don't see gambling as a profession or a way of making income. So they set a budget only for gambling and whether the win all lose that won't matter to them. If you think about gambling this way then I don't think people need plants like this.
Gambling is for enjoyment and if you're winning frequently then you can use that money for other purposes. But most of the gamblers who are gambling won't be able to resist the urge to continue to gamble. But if one can implement this strategy then this should be a good way to fulfill your hobbies and other things that requires money.

Well, if we may also look on it at another angle, some may see this kind of practice as being acceptable type while others may not, this means everyone of us have different ways of administration to gambling, this is why you will discover this that someone will be doing something wrong while to his own eyes he's doing the best, if going by what your minds gives then it's likely we don't go against our wishes as long as the end also will not wrongfully surprised us.

The reality we get from gambling is very different from what we imagine when we imagine getting a big win after one last spin. But what happens is the opposite, where we experience many losses because after that last round, we experience loss. We instead decided to continue a few more rounds. And it turns out that triggers us to suffer more losses.

I also think that focusing on being a responsible gambler is the duty of each gambler to avoid all the problems that can arise after playing gambling. Most gamblers lose focus, so they cannot become responsible gamblers and instead become addicted to gambling. We must prevent this from happening to us so that we can gamble comfortably and enjoy all the moments.

Personally only when I win big I cash out huge part of them but when I keep winning little amount I have some wagering strategies to spend this amount in order to use it to increase my VIP level at the casino where I play so I can have better benefits from these levels.

When we lose if we have set the budget and call it a day after losing it,it means that we are a disciplined gambler that is very difficult to fall into addiction.For example like you say if that personal enjoyment 5% can buy you a new PS5 for example by all means cash out and buy it,I do this only sometimes though,buy a new gadget with the gambling wins,this gadget every time I use it reminds me of a gambling win  .

It's a wonderful approach except that it's not under control or your discretion to decide when or how the winning streaks will be. Some of us had one time set different divergent beautiful approaches as guide in how we would gamble and make good use of our wins whereas gambling-reality swept us off our feet before we knew it turned out differently as everything was beyond our control. I think a part that will be more easy to actualize is focusing more on being a responsible gambler, expecting the unexpected in the outcomes mainly that we never can tell when we will have our next win.

A good player is much more prepared for a losing streak than for a glorious victory.
Defeats are part of a player's life, so even "successful" players may have experienced several defeats in a row but never witnessed the same winning streak or grand victory. This is because they know how to manage risks and be successful with small, sporadic victories.
But even good players, who have experienced many defeats, would often not know how to handle a big victory.
The most important thing, I believe it is the third item mentioned.... immediately withdraw 80% of the winnings and continue playing as if "nothing had happened".
It takes a lot of self-control in these moments, to contain the emotion of victory and continue playing as planned. If this is not possible, it is best to stop playing for a while until you can recover emotionally.

I guess @OP is betting a huge amount of money and this is applicable for those who bet average to huge amount of money but is not applicable for small gambler where they only bet at a minimum.  For example, if a gambler is a slot player and he is a minimum bettor. A win 10x win on a $0.1 bet is too small to withdraw  and doing the practice stated by @OP will only make the session unenjoyable.  It is probably applicable for sports betting where the gambler bets an average to high wager.  But at the end of the day, it will easily get broken when one suffer a losing streak.

Dealing with gambling doesnt really mean that you would really be needing to be successful.The only thing that you should really be minding is on how you would really be making yourself not get addicted or becoming that impulsive towards it because this is always been the main issue on the time that you would really be needing to deal up yourself something like this or with this activity. We do win some or lose some and this would really be the only outcome on which we could really be able to experience. Proper money management would be the key so that you wont really be ending up on spending like a madman just because you had made yourself that becoming impulsive on which it would really be just that right that having proper financial allocation will really be just that recommended.

Its good that you could already make out those kind of allocation on which this one do simply shows that you are really that having that discipline and control towards self and this is something
that not all people could be able to do once they do really be able to deal up with gambling.If you do find yourself that dealing up with something like this
then control and discipline is really that necessary.

But this is just a trick to overcome rational accounting and instead make up your own mathematics that may or may not reflect reality. If you withdraw some money to your account and you are not left with any more money to gamble later on, what money are you going to use then? If you say you use your monthly earnings, isn't it irrelevant what source of money you are using when the result will be the same? Whether it is winnings or salary or savings, if you lose you have less no matter what the source is called. I think it is much more important to have an exact overview of whether or not you are a losing player and whether losing is still worth the fun. If you withdraw 80 dollars from 100 dollars winnings and spend it on something, and then you credit your account again with 100 dollars from your salary 3 or 4 days later, it is not a solution to having control about gambling expenditures or losses. I think most people know that often times what gets withdrawn to your bank account finds its way back to the gambling account just a few days later depending on the amount you won of course.

money management doesn't improve your chance to win a bet but is a nice way to maximize win and avoid big mistakes.
So yes, to be honest, this could be a nice approach for money management but nothing more.

No not only after winning or how they spend their profits but also before they start playing. It is ; one gambler decides to play for fun and they will only deposit smaller amounts and the other plays for profit and they will deposit a slight higher amount. That's great if you have a strategy on how you spend your winnings.

I guess this is one of a sign of being a responsible gambler. But, maybe there are also some responsible gambler who choose to re-roll their winnings in gambling again. It's either they will use the full amounts ( but not in a single session ), or a portion of it and the rest will be spend outside gambling. Gambling is like any other thing anyway. It can still make us happy.

Well, personally, I really like how you make bets and your method is good , because basically it is limited to the fact that when you have the opportunity to withdraw your winnings you don't hesitate, and I like the time you have between winnings and Wnnings. I like it, generally not dreaming all the time, right? There must be times when you play One day and lose, because when things are done like that you should also take a measure Similar to that , because losing is also I really like an option when a person is positive, but part of the things that can be achieved by being in a casino can be that way, based on what they have said here it is easy, because at least I always designate a budget willing to lose , if I lose it doesn't matter, I'm left with the Enjoyment, but if I win better, I didn't plan it, thinking that when you enter a casino it is with the Desire to win but I don't leave aside the reality of everything that is basically being in the casino Ready that there Can be a touch of Luck and win a lot, in the games that are like that it is in the tragmewaves, where luck is Basically on our side and if we Increase a bet and we win, then Congratulations.

Based on those signs that you have, or your conditions, rules as they want to call them, it seems to me that they are well structured, the part that I like the most is the budget and that you take 80% of the profits and you will spend those days spending them, That seems excellent to me, because there are many people who can be winning in the casino and leave the money there, they have a lot of trouble, it's as if they don't have any money because they don't know it, they don't do anything except leave it there, so sometimes when it's left on the platform it's money is very easy to take to risk playing and many times you lose, so these types of things are what are avoided using the method you put there, Nothing Bad , I like it and to be Honest this is a lie that players have to Avoid falling into Addiction, I wish many could Also Copy your Method.

That's a good approach for the time when you manage to win, however, you should also mention about what you do when you lose a certain amount or you lose your budget before you win something because that is more if not more but equally important for any gambler to have a certain plan about when they lose because losses are more frequent than wins when it comes to gambling, so having a plan just for the wins and not for the losses wouldn't really work.

So, when you start planning things out, you should first plan what you will do if you don't win anything and lose all your budget, If I was to suggest something, I would say that you should decide a weekly budget for your gambling and if you lose that before the week ends, you should take a break until the day when you started gambling comes back and then you should start with the same budget again.

I don't have a better idea but whatever is good and works for you, that's much better. We've got almost the same approach to budgeting and betting. That should be followed and a must thing for me. Because if I go beyond my budget, that's no longer part of the plan and I just broke my rules. That's a bad thing for me as I have made mistakes in the past and it's all about how I plan things especially when I gamble. That's why, I am stricter these days if it's about the budget that I have set. And if I don't follow that, then it means that I have no credibility for myself and I should be accountable for that. Principles over mistakes and so on, you got to choose what you think should be followed and a must thing not just as a gambler but also an individual that have a strong bond to what you think is wrong and right.

It's a good idea but I don't know if it can go according to your plan or if you will suffer many losses. But it can be tried if you want to see the results or have already tried it. Resting after gambling is important to reduce the tension you get when gambling. If that works for you, congratulations. But if not, you can replace the strategy with another one. The important thing is that you don't try to chase victory because that is the hardest to get. And if you have won, immediately stop and withdraw the winnings.

It's a great idea but gamblers have different orientation and different luck when they win games, their mode and approach differs too. I agree with your point but there is more time I twist some of your points.

Gambling is lucky base + skilled but irrespective of how and when you win, you should have wins in multiple, small loss or no loss at all, that's unavoidable though but anything netter than having loss all the time is the best. I know amount l use in betting, when that budget finish, I take a break whether I have a win or loss and I don't rollover losses, I believe anytime I lost a bet I don't go back to chase the initial, I often lose more than win back the initial loss, so rollover is always pointless.

For any bet I stake, if I have a win, I don't restake the money, that's like gambling on money I already made from gambling. If you are not cautious, you lose the profit again because betting platforms are smart, they will take back everything from you, when I win I withdraw it and I don't care how little it's as long as when I check my monthly deposited is lesser than withdrawal, then I'm good to go. That's how the circle continue everytime and I'm satisfied with my way.

I really appreciate your strategy, but to be honest, all of this will not be as easy as you plan and many gamblers fail to have a financial management strategy in gambling because situations and conditions can change while gambling, such as when you are committed to the strategy you planned, but When you have a losing streak you will be provoked by emotions and at that time you will lose control and you will continue to spend your money.
most gamblers have experienced this problem and I am pretty sure many of them have had various methods like this but the end result always fails.

A 80%/20% cut sounds reasonable if the bankroll the gambler had after the strike of luck is big enough to justify handling with the rest of the money represented by that 20%.

As for me, I would work because my budget would allow me to have some fun in dices for some hours before I losing it all in a bad luck streak. But for those who go with small wagers and very high multipliers, even after getting their high multiplier they would only have a handful of dollars in their wallet.

So, the percentage is situational, I would say to use a less conservative cut, for those how like to engage with small sum of money, something like 60/40, or even 50/50.

I would also agree it would be very constructive if you shared some spread sheet with the results of your using this strategy, that is if you do not mind, of course, I would not blame you if you decide not to disclose your earning to people you do not know on the internet.

Oh, I thought this was for winning, turns out it was just using the money you used to win. Sounds unreasonable since I don't think this is pretty good if you wanted to spend money instead of gambling since, well, you can just gather the money you're supposed to use in gambling and instead use that for whatever you were going to spend it in the first place. Having that middle process of "gambling" isn't really going to help, it'd only damage yourself imo.

Maybe if the item was like idk, a 1000x or 10000x higher, or simply unattainable with your current monthly income, then really, just maybe. But then again, you'd be hard-pressed to win in the first place since this approach is only considering a single win, so the odds are pretty low for you. Might as well just earn and idk, invest in something to get passive income, slowly and steadily increasing your monthly income.

And this only considers that you "win". Who knows how much you actually lose in a regular session really.

You are talking as if you haven't lost a single bet since you start gambling, is this true? If you point is only backing the winning side of gambling then it's bad advise, do you know why some people lose everything after they win? It doesn't matter how much they use, either $20 or $2000, they find it hard to get over the thoughts in their head, you can win thousands from gambling and it's easier to increase the amount you normally use for gambling since you just win thousands, that's where people make the first wrong step.

If you are always using $20 and one day you win let's say $5000, which is very rare, the best advice is to keep using $20 as always, take out all the $5000, and come back some other day when you can afford another $20, don't ever let your wins get the best of you, it's luck that get you the 5k so such money isn't meant for gambling anymore.

It's greed and emotion that let people think they can win more if they can increase their risk tolerance amount, they instantly stop thinking about what happens if they lose the money, gambling isn't this easy and OP is making gambling look easy, gambling can't be a source of income, god of gamblers only exists in movies.