Which one you are good at? - page 2.

SeriouslyGiveaway

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Quote from: mirakal on December 11, 2023, 12:26:34 AM

So, the question is... Which are you better at: selecting the right bet or managing your bankroll?

And, how has it been going so far? Are you profitable or not, and why?

In my opinion, both are important, and their significance depends on each person's playing style. For me, prioritizing account management is crucial, especially since my playing style leans towards safety first. Typically, my winning percentage isn't high, just a bit over 50%, but compensating for this, I manage the position size uniformly. Whether I win or lose, I adhere to a specific betting ratio, not altering it just because a particular trade seems to have a high probability of success. This way, I can consistently generate profits.

You might have a method that yields a higher winning percentage, but without effective control over your account and trade size, you could end up making minimal gains when you win, yet significant losses when you face defeat. I've seen this scenario play out frequently. The best approach is to strike a balance between both aspects, but for me, mastering the control of my account is already a success.

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Quote from: mirakal on December 11, 2023, 12:26:34 AM

Hello! I'd like to pose a question to my fellow gamblers here. Since the topic of sports betting has been gaining attention recently, allow me to ask:

So, the question is... Which are you better at: selecting the right bet or managing your bankroll?

And, how has it been going so far? Are you profitable or not, and why?

I exceed at managing my bankroll. I can control my bank roll and not my bet despite sometime my well thought out analysis. This is one gambling achievement that I am super proud of. 1% to 5% per week and nothing more.

It has been great. On some months I am profitable while on some others, I am not. But overall I am more profitable.

len01

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TBH, in the past few weeks I have rarely been able to win from my bets and this is all because I want to make small bets with big odds with parlay bets to get big results and maybe I look very reckless but rest assured I use a budget of no more than $5 for parlay bet. the reason I do this is not about managing money or anything, it's just that I want to break the record with predictions that I do independently to try to get a big win from the results of my predictions, even though they always fail, I keep trying but I always fail in one or two matches.

but sometimes if I am in a relaxed state of mind I just try betting on a single bet with a bet amount of $50 for one match just to get a little win even though it's risky but thats the budget I've prepared for betting on football. because sometimes I get bored of trying big odds and never winning and every now and then I want to get a win or you could say a win of $50 beforehand I will use it to try my luck with a parlay bet.
maybe all this is too risky but there is fun in trying to bet on sportsbetting, predicting looking for opportunities to win all the matches that I put in my betting slip and I'm sure one day luck will definitely come.

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Quote from: zaim7413 on December 12, 2023, 10:08:03 AM

I will select the right bet for the sake of managing my bankroll. There are times when I have to restrain my desire to bet if I am not sure I can win the bet. For example, in soccer betting, when strong teams such as Bayern Munich vs Real Madrid will fight on the field for victory, I will skip betting on the match for the sake of managing my bankroll.
Waiting is the best decision for me, this is what is called selecting the right bet. When I am sure I can win a bet, I will try to risk some of my money to win, I often do this habit to achieve my betting goals.

Betting the right way does not guarantee that you can manage your money and save money on betting because there are no matches that can really be known for certain to be able to give you win, maybe there are but with odd odds that don't make sense.
When there is match like Manchester City vs Burnley and the home game belongs to Manchester City then the odds will probably only be 1.1 or 1.2 for the favorite team and would you bet there.
The profit if you win is very small and you cannot get satisfying pleasure or adrenaline from the win, but the choice is only in your hands.

Bets that are uncertain or difficult to predict are indeed dangerous and carry greater risks, but there are betting options in each match so you can choose which one has the chance to win the match.
For example, double chance, goals for both team or even handicap.
One of the best ways is to manage money not about the right bets.

temple

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Quote from: mirakal on December 11, 2023, 12:26:34 AM

Hello! I'd like to pose a question to my fellow gamblers here. Since the topic of sports betting has been gaining attention recently, allow me to ask:

So, the question is... Which are you better at: selecting the right bet or managing your bankroll?

And, how has it been going so far? Are you profitable or not, and why?

How does someone know when they get lucky, chose the wrong bet but won regardless and therefore have a strong bankroll? It all begins with the question what a right bet is. If a winning bet is a right bet, any irrational bet that ultimately won and boosted the bankroll, the whole point of this topic is getting undermined.

And if someone concludes that they are good at the selecting the right bets, there would be some implication that the bankroll management should also at least be fine.

In a game of pure chance I think the bottom line should be that no matter how well you manage either your bets or your bankroll, in the long run it is a losing game.

Latviand

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With my penchant for losing because I always go for the higher odds in betting, I'm definitely saying I'm good at managing my bankroll and so far, I am not that bad when it comes to profit or loss because I win some of those bets so the losses I've incurred overtime are sometimes offset by a huge amount if I win the high odds low chance of winning bets, I'd say that the gap in my losses and profit isn't that wide because even after I spend a lot to celebrate the win, I can still have enough to refill my gambling funds for the next betting sessions and such. Maybe I should try not to be greedy next time and just go for the safest bet or rather just do an arbitrage betting.

zaim7413

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I will select the right bet for the sake of managing my bankroll. There are times when I have to restrain my desire to bet if I am not sure I can win the bet. For example, in soccer betting, when strong teams such as Bayern Munich vs Real Madrid will fight on the field for victory, I will skip betting on the match for the sake of managing my bankroll.
Waiting is the best decision for me, this is what is called selecting the right bet. When I am sure I can win a bet, I will try to risk some of my money to win, I often do this habit to achieve my betting goals.

Crypt0Gore

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If you are to give someone advice about gambling addiction what do you think it's the most important over all other advice? I think you can never fade managing your bank roll, this is what will put you in check and avoid going over your boundary, stay withing a amount range and don't ever gamble more than the amount.

Apart from having a source of income which also is a very important advice I believe that managing your bank roll is also very important, if you don't have a source of income you can't be able to risk money on gambling because that's risking what you can't afford to lose.

As for finding the right bet I think it's almost impossible, but it's not always easy, and games do change at times too which can also result in losses, instead of trying so hard to win, why not try to manage your bankroll instead?

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Quote from: Mr.suevie on December 12, 2023, 07:50:55 AM

Quote from: mirakal on December 11, 2023, 12:26:34 AM

Hello! I'd like to pose a question to my fellow gamblers here. Since the topic of sports betting has been gaining attention recently, allow me to ask:

So, the question is... Which are you better at: selecting the right bet or managing your bankroll?

And, how has it been going so far? Are you profitable or not, and why?

I don't know what you mean by selecting the right bet as I believe that's an impossible feat to achieve in gambling. We all have luck to place out selection upon because I believe if we had a way to actually select the right bet always tend everyone would be at a profit end in the game of gambling. So I think managing your bankroll would be the preferred option as one could achieve a win when the chance comes but that's if you can manage your bankroll till that moment comes.

Perhaps @OP means that with the right bet, it is a bet that we know the sport well so that we can place bets on teams that we really know and have the knowledge to choose a team that can win. Indeed, we all have luck in making choices, but it must be based on the knowledge we have so that we can place bets on teams that have a greater chance of winning. But we do have to be able to manage the money to place bets and only use the money we can afford. This is to avoid losing large amounts where we will regret placing bets with large amounts of money. If we can accept whatever the result is and have determined the amount of money, we can immediately place a bet based on the results of the analysis we have carried out.

Shishir99

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Quote from: mirakal on December 11, 2023, 12:26:34 AM

So, the question is... Which are you better at: selecting the right bet or managing your bankroll?

And, how has it been going so far? Are you profitable or not, and why?

I am not a pro gambler. I didn't place any bets in the last couple of weeks. But, I placed some bets on Premier League matches when the season started. I was good at placing bets or you could say picking the right team. But, I am the worst at managing the bankroll. Let's say I placed ten bets and won nine of them. The last loss bet will drain my entire balance. Sometimes it happens. We can lose many games but losing your entire balance in a single match isn't a good thing. Most of the time I get over confidence and place max bet on a game and then lose it.

Mr.suevie

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Quote from: mirakal on December 11, 2023, 12:26:34 AM

Hello! I'd like to pose a question to my fellow gamblers here. Since the topic of sports betting has been gaining attention recently, allow me to ask:

So, the question is... Which are you better at: selecting the right bet or managing your bankroll?

And, how has it been going so far? Are you profitable or not, and why?

I don't know what you mean by selecting the right bet as I believe that's an impossible feat to achieve in gambling. We all have luck to place out selection upon because I believe if we had a way to actually select the right bet always tend everyone would be at a profit end in the game of gambling. So I think managing your bankroll would be the preferred option as one could achieve a win when the chance comes but that's if you can manage your bankroll till that moment comes.

adultcrypto

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Quote from: mirakal on December 11, 2023, 12:26:34 AM

Hello! I'd like to pose a question to my fellow gamblers here. Since the topic of sports betting has been gaining attention recently, allow me to ask:

So, the question is... Which are you better at: selecting the right bet or managing your bankroll?

And, how has it been going so far? Are you profitable or not, and why?

To be successful in sports betting, you must be very good at both selecting your bets and managing your bankroll. There is no 100% winning strategy out there so losses will always occur irrespective of how careful you are. This mean that if you are good at selecting the right bets but fails in managing the bankroll, few losses will damage your assets completely.

What makes a successful gambler is how much of losses that can be mitigated while still remaining in profits. Losses are inevitable and must be integrated in the decision making process. Those who neglect this reality always end up being depressed when losses eventually happens. Therefore, it is important to selected the best bets while managing the bankroll efficiently as this is what lead to success.

I have incorporated tight risk management procedure in my play system. By this, I set out maximum I can risk per bet and per day and when the limit is hit, I take a break for the day to try again other days.

Ziskinberg

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Quote from: Hypnosis00 on December 12, 2023, 07:32:02 AM

Quote from: mirakal on December 11, 2023, 12:26:34 AM

So, the question is... Which are you better at: selecting the right bet or managing your bankroll?

Between the two I can only say base on my experience, though I can say that I had some win streak sometimes but overall I am still not profitable. So with that, it's obvious that the bankroll management is my weakness, probably because I'm not so focus in sports betting, otherwise I would put up a good bankroll, something that I could use for long term betting.

Some gamblers doesn't understand what bankroll is, they think it's just an amount of money they can risk on a given day but in sports betting pro, bankroll is considered as a capital, and just like when running a business, capital has to be use in developing the business to make it profitable.

Now, if we see gambling as an entertainment, the word "profit" is hard to understand.

Hypnosis00

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Quote from: mirakal on December 11, 2023, 12:26:34 AM

So, the question is... Which are you better at: selecting the right bet or managing your bankroll?

Between the two I can only say base on my experience, though I can say that I had some win streak sometimes but overall I am still not profitable. So with that, it's obvious that the bankroll management is my weakness, probably because I'm not so focus in sports betting, otherwise I would put up a good bankroll, something that I could use for long term betting.

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Quote from: mirakal on December 11, 2023, 12:26:34 AM

Hello! I'd like to pose a question to my fellow gamblers here. Since the topic of sports betting has been gaining attention recently, allow me to ask:

So, the question is... Which are you better at: selecting the right bet or managing your bankroll?

And, how has it been going so far? Are you profitable or not, and why?

I have learn my lesson and now I know how to handle my Financial system in gambling meaning am Good in Managing my Bankroll as I may not good in choosing which will win or to select what perfect to bet on but at least i can handle my bankroll better than before.

Quote from: dexsport.io on December 12, 2023, 03:43:09 AM

We think that in this situation it's more important to choose the right bet and the sum of it, so choose the sum of money that you are not afraid to lose.

but it is not that easy to choose which the right bet so Yeah it is better or the other way around.

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Quote from: Onyeeze on December 11, 2023, 01:46:37 AM

Quote from: stadus on December 11, 2023, 01:12:43 AM

I can say I'm good at picking the right bet but my problem is sometimes I go so aggressive. Just like other gamblers, we want to make big money in gambling so we don't manage our bankroll properly. For successful sports bettors, they have a decent bankroll and they'll be happy if they are up at least 100% at the end of the season like the NBA, but us gamblers, we are so reckless, we want 1000% return in just a short period of time.

What do you people mean by bank roll, in tye aspect selecting a game I do pick up my games accordingly and I have bet befitting and have issues with my bet, it depends on what we selecting during, but only I'm having trying understand in statement of op and as respondents is the aspect of bankroll, so that is why I need people to tell the important of bankroll,

I guess you need to make a research more, familiarize the terms that are usually use in sports betting so you'll understand more what you are doing. Actually it's not complicated if you take time to research, it's important that you know the basics so when you want to dig more, you'll be able to improve your learnings.

Here's some of the articles that might be helpful to you.

How Does Sports Betting Work?

How to Bet on Sports for Beginners: 12 Tips to Know

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Quote from: mirakal on December 11, 2023, 12:26:34 AM

Hello! I'd like to pose a question to my fellow gamblers here. Since the topic of sports betting has been gaining attention recently, allow me to ask:

So, the question is... Which are you better at: selecting the right bet or managing your bankroll?

And, how has it been going so far? Are you profitable or not, and why?

managing your bankroll?IMO, this should start first. Not only gambling but any field related to money should be considered in terms of how to manage the owner's finances, because when we participate in that field, the risks are zero. We can't avoid financial pressure, which makes it easier for us to get stressed and make more mistakes.

selecting the right betAnd this is like the journey of gaining experience because for a completely new person, they will not be able to realize what is the best choice, there is only learning and paying the price for mistakes as well as awareness. That will lead to improved results over time.

Although with gambling I always maintain a fixed stance that this is just a lot of tools that we can take advantage of to relax, I aim to increase wealth, which for me is not so important. So I have no reason to keep a running tally of whether the bets are losing money or gaining a lot of profit, because I basically see those things intertwined through every decision I make.

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We think that in this situation it's more important to choose the right bet and the sum of it, so choose the sum of money that you are not afraid to lose.

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Quote from: mirakal on December 11, 2023, 12:26:34 AM

Hello! I'd like to pose a question to my fellow gamblers here. Since the topic of sports betting has been gaining attention recently, allow me to ask:

So, the question is... Which are you better at: selecting the right bet or managing your bankroll?

And, how has it been going so far? Are you profitable or not, and why?

I prefer to manage my money because to be honest I'm not very good at choosing bets correctly, sometimes the results don't go our way and that's what I worry about if that happens.
So it's better for me to choose to manage my money well if I want to gamble using only a small amount of money and if I lose I don't really regret having lost money.
And the progress so far I feel is still safe, indeed sometimes the profits are only small because I bet with a small amount of money and obviously I don't feel sorry when I lose.

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I try to be good at both options.
Obviously choosing the right bet is essential to making a profit... only with money management you can achieve 0

I also try to bet in this case at the best time possible (i.e. a mix of higher odds = greater probability that that specific event will occur).

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