Topic: Sustainable Approach For Your Earnings in Gambling - page 2. (Read 458 times)

This is considering you are in a winning streak which is rarely the case, making a decent winning from a casino is very rare - dust winning streak cumulative amount is likely <5$ and not worth the time. You can be assured that someone before you has already made similar plans with different numbers and they have no succeeded.

Its either you gamble or you dont gamble. If you want sustainable earnings get a job or run a business and dont take the risky methods of making money. As soon as you get into that vicious cycle of gambling, you will lose money.

Yes, it's also good to limit your budget and bring cash within certain limits. If you gamble without limits it will drain more of your money, especially using a credit card will of course add more debt expenses that have to be paid due to borrowing money from a credit card which of course you have to pay. Pay immediately so that bills don't increase and pile up even more.

I think the OP is gambling for money so discussing strategies about gambling in a more different way, after all gambling cannot be used as a source of income, whatever we win doesn't necessarily mean we will win in the future, no matter what, the dealer will still win, but I still appreciate the way he uses this strategy. , even though it might end badly in the end, the point is that it can only be done by consistent and controlled people.

However, the winnings we get from gambling in the end it will be spent on gambling if we experience continuous losses and don't win again. Me too always think about setting aside a larger percentage of my winning, for example 80% to keep in my personal pocket and I leave a small percentage 20% to continue playing, but if in the end the small remaining budget runs out and I stoped for a while, I will make another deposit if I want to gamble. I always consider gambling as fun, not hoping to wins big because I think it is too difficult to achieve it, but with the option of setting budget that has been prepared, I agree with you by setting a budget, I am able to controls myself easily without having to lose a lot losses

your calculations are strange, for example if you placed sports bets only on games with odds of 2.00 and you placed 100$, you would end up with 200$, so if you take 15% to continue playing, it means that in your next bet you will not betting with 100$ you would probably have 30$ to bet, and even if you were to bet on a game with odds of 2.00 and with 30$ then you would have 60$, if you applied the same 15% then it would be 9$, you would again bet on a game odds of 2.00 and with 9$ you would end up with 18$. In other words, with each bet you would have less winnings. So I don't see your strategy being a good one.

Even if you started making multibet bets with very high odds, the risk would still be high, the chances of getting bets right would be small, you would be losing more than you would win. Therefore, this strategy would not be good either. If you are also talking about slot games, then things only get worse because they are games of chance that depend on luck, the chances of profit are small, if you lose a lot and it would only pay off if you hit a big multiplier, but sometimes the person stays for a long time losing a lot and when you hit a big multiplier

and calculates the profits and losses, then realizes that when you remove all the losses, that much money you won with the high multiplier becomes so little that it doesn't compensate for all the time you spent playing. In other words, your strategy also won't work in games of chance that depend on luck, so I assume you play blackjack or some other card game that allows you to win and use this strategy, as I don't play any of that so I can't say if it would be Whether or not your strategy is efficient in them

What happened to don't actually gamble for income or profits, well at least this post is sincere but the only issue is that there is control over the outcome of the games played so sometimes we might experience a losing streak then what now follows are you going to do the unthinkable which is actually chasing your lose or should I say winning back your actual capital? Because the case of lose can even occur on your first actually try.

I do agree that there must be some sort of contingency plan if a person experiences a losing streak.

Generally, the initial reaction of a person losing is to quickly recover their losses either by gambling again or stopping. The latter happens rarely and the former happens regularly given the nature of the circumstances of the person.

While I do agree with the points you have raised, I would like to add that a person must only bring a handful amount of cash whenever they try to gamble. Lastly, avoid gambling using a credit card as it can definitely skyrocket your expenditures without you knowing.

It's a plan that looks good in managing profits but the success of it we do not know even when the remaining capital is 1 more time to play, it may have a chance.

The scheme of organizing profits is quite logical and seems easy but when we are given a tempting multiple, of course, it will increase the potential for hockey that second, then will you follow the plan you made or a strong desire to multiply, with a simple mindset when profit is in hand?

I feel when playing binary options at 4 years a go, and planning only remains planning if the possibility changes.

target a day profit 5$ when already profit is not satisfied until there even want to reach more than 10$ more, deny it.

I'm talking about managing profits and curiosity about the game that happens when playing live, I feel very contrary to the plan that I have compiled.

I budgeted that if there are any freebies from promotions (gift seekers or web game testers) I will consider it my personal money (the money I budgeted for my regular monthly expenses).

Of course I will manage it well like risk management similar to your thread,

and if I invest it all for fun, it's not burdensome from my point of view.

Taking a break after a win seems to be a lot more important compared to chasing another win. There's no guarantee that you will be keeping all of your winnings anyway because of your tendency to gamble again, but at least making sure that it's not spent in a single sitting is extremely important. At least, you won't have to withdraw from your personal funds for some time in order to gamble as you already have a buffer that is your winnings.

For me, being honest to oneself is extremely important in an event of a win. If you know that you'll be gambling again, just manage that fund and treat it as part of your bankroll and you'll have no problems at all.

It’s certainly a good approach if you are on a winning streak. You get your profits and then gamble on a fixed allocated amount. But how about if you are losing consistently? Even if you say you set your budget to bet, and then you still lose them all, then how can you earn that way? Let’s just accept the reality that there’s no earning guarantees with gambling. Once you gamble, you are entitled to lose nor win, but mostly it’s the losses actually. And if you’re not wise enough to diversify your profits into potential investments like crypto, you will never have the chances to earn passively.

This seems like a good plan and one that might work if you “win every day.” Unfortunately we can't win every day and we lose more

I have done something like that. Withdraw 80% of the funds and leave 20%. However, it didn't go according to plan because the remaining balance ran out again, then I deposited again and it ran out again. So it's very difficult to keep winning, I've been trying to stop for a week but when I  gambling again, I keep losing.

The only way that works for me is to gamble when I have extra money and not to gamble if money is tight or I have other needs. It looks simpler and doesn't require a lot of complicated setup

Your approach is really good but what about if you are experiencing the other way around. Losing is expected in gambling and it’s very clear that the more you try to gamble, the bigger your chances of losing. When that happens, earning will not be possible anymore. For me, the best way to earn some profits in gambling is to set a budget limit you’re willing to lose. At least, when you bet at a small amount, you get to save some of your funds and use it to invest if you want so you can have multiple source of income aside from gambling that does not guarantee actually providing an income.

To a great extent I have seen ops do a great job, because from the look of things, if all the mentioned guides and approaches are properly followed, this can result truly a sustainable winning approach that can help the gambler save a whole lot and avoiding possible loses at some point.
Even as the thread does not contain the losing guide we should at least appreciate the efforts put in by the ops to draft the guide as a helpline for all of us here and look forward to seeing others coming up with losing strategies motivated by this thread, but until then I will like to commend the ops efforts in this present regards.

To me, it doesn't make any sense when you leave with your little earnings and come back to gamble again.... Cus why'?? Even if you go about with all the plans you listed, you're still gonna go back to wager your funds and there's no difference...

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To me, I feel it's even better to try again with the little winnings than to use your hard-earned funds.

Sandra 🧑‍🦰

It's interesting to follow the way our finances work. How a person manage their money should be abstract against another. The idea of going for a gambling break is fine. It'll enhance the player's gambling experience. And prepare them for the next move. Depending on the amount won. A player shouldn't go for a break on every gambling wins. It's also a good idea to continue playing until the duration meant for the gambling vacation is over.  A player that sets out 3 weeks for gambling only stops when that 3 weeks elapsed. Regardless of the amount of money or profits they've made. Generally, I accept the idea,but the syntax, I may not. Not every professional gambler do not understand how the loosing streak work. The money management is crucial, thereby maximizing profits. I'll personally wish for more wins while playing until the duration set aside elapse. That's a real gambling experience. Win or lose. Stopping immediately after a big win to take a rest, is like a winning football team quitting the game because they're winning.  The winner and the loser continue playing until the 90 minutes is over. There we'll find the true winner. People who fall for your point "betting all wins", most times belong to the win and run category. As they'll be back soon to spend the gambling money on betting. Following the game to the end, will give us a sigh of relief and also the outcome will determine how long we'll spend before coming back to gamble. The idea is great for every player to devise a personal positive steps to follow after winning expenses. The point is, the money will be spent. According to our wants. The money will be used alongside gambling. They'll play and at same time engage in other fun activities.

This sounds like some scripted fiction but anyways, the plan looks good though.
 I was thinking OP would also write on his loss as well but I didn't see that aspect of the budget planning. It is normal that after winning, one needs to have a taste of their wins and also do something tangible for themselves and family. I actually see sense in the budget allocation OP did.

Based on this OP has presented, I it seems OP takes gambling as a source of income which I think is a very big mistake if truly OP has such in mind or is doing it already. I will advise you do away with the reasoning of making gambling your source of income otherwise you just might be heading to a hitting a brick wall which definitely would be disastrous and devastating to you.

It seems to me that OP has already unknowingly or knowingly designed a career path from gambling and I know that a workable plan in any endeavor pays better than just delving in at random and expecting to be as successful as imagined.
Am also quite sure that if you do not win as much as you make losses, this design will choke the life out of your wallet and any savings you have left.

It's a nice breakdown though, mostly as you remembered to include  'happy hour or self love time' from the intended wins of gambling.

I think this is a very good idea. I am very pleased with the aspect of investing wins into something more reliable and profitable. In many cases, gamblers always lose their wins because they gamble all their wins. Gambling becomes more interesting when wins are maximized because it would cover up for losses in the future. Gambling shouldn't be seen as a source of income but it doesn't mean that we should lavish all our wins on unnecessary expenses. Keeping and strictly following a well-prepared gambling plan is also helpful in preventing over-gambling and ultimately gambling disorder.

Easy to say but really that hard to be done when you are already there or simply on the time or moment that you are really that making some money with your gambling session on which it would really be creating out that kind of impulsive emotion or approach on which you would really be thinking that playing even more would really might be giving that more chance for you to make money or winnings and this what urges you to play even more and then losing those winning amounts back at the casino.Its good that you do really have that kind of self control since not all would really be having that kind of tolerance when it comes to things because if you do really find yourself that not setting out some goals then most likely you would really be just playing until you do bust all of your bankroll which this is always the case.

Its true that moderation is really that something needed when dealing up with gambling because if you do find yourself to be that impulsive then it would really be that impossible for someone to follow up
this kind of routing specially pulling 80% of winnings and intended for the next day gambling session and remain some 15% and then 5% your own spending or reward.
I could say its a good allocation but not all people would really be able to do or follow this one. Most of them will surely fail.

I would be happy to see these schemes.

By keep updating the thread maybe your bankroll, the progress earned, every day and others by spreadsheet. I happy to see it, because most of people to much theory gambling without using the theory first by them self.

Good luck with your scheme-gambling.

True!  I experience not hitting a single bonus round in slots in many of my sessions.  So automatically, the idea of @OP can't be applied in this situation.  Although @OP gives a good way to manage winnings, it does not assure us that it can be sustainable, because if one gamble's regularly, he will have to top up the funds (obviously from his previous winnings) in order to continue playing the next day.  Imagine if we suffer consecutive losing sessions, then more probably that we have to put more funds to continue after exhausting our previous winnings.