Which one you are good at? - page 4.

AmoreJaz

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Quote from: maydna on December 11, 2023, 10:09:52 AM

I prefer to manage my money so that I don't lose a lot, and so far, it has gone well. I can also avoid losing a lot by limiting my money so that I can control how much money I use for gambling. And so far, I am still fine with using the money for gambling and not disturbing other fund allocations. Even though I still rarely win, that's okay because I think it's only a matter of time before I can win. So I will continue to gamble with limits on money and time to remain in control of myself and control everything well so that I can avoid any problems or gambling addiction problems.

the OP can also add poll on this query so we know the pulse of the gamblers in this forum.

on my end, i believe, i am better at managing my bankroll at the moment. though there were times that i let myself dictated by my desire to bet all possible betting lines that i think i have had high chance of winning, i noticed that i was on the losing end if i will not stop after my winning targets. because for a time, i even had my excel file for the money lines that i will bet, the odds, and the actual results - my losses and winnings. so at the end of those long list of my bets, i will know if i gained or not.

but i observed that it really consumed me a lot of time doing all these. so i stopped, and i just bet what i feel i have better chance and the amount i used is i know i can very well afford at the moment of my betting. some practices are nice, however, the sustenance of what you are doing is the real problem. we can't expect ourselves to stick to the good practices but as much as possible, always assess of yourself as no one will do it for you. keeping tab of your own well-being will greatly help in managing your bankroll or emotions towards this activity.

freedomgo

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Quote from: Onyeeze on December 11, 2023, 02:46:37 AM

What do you people mean by bank roll,

Here you go.

Quote

What is a bankroll in sports betting?

A bankroll is the amount of money you have set aside for sports betting.

This is important because if you start with an initial bankroll of $1,000 and you lose it all, you should probably take a break. It's a method to abide by so you don't go overboard and dip into your life's savings.

The best way to manage your bankroll is betting a certain amount of money per bet. For example, it's wise to bet one to five units (or one to five percent of your bankroll) on every wager. That's a helpful rule because if you start with $1,000 and bet 10 units or $100 on a team you really like and they lose, your money could go down the drain fast.

Of course, this differs if you plan on gambling on a daily basis or just for the weekend. If you go to the sportsbook with your friends and are okay with throwing away a set amount of money, bankrolls and units don't often matter. However, if your plan is to slowly grow your bankroll, it's best to limit the amount you bet, no matter how confident you are.

source https://www.rotowire.com/betting/faq/what-is-a-bankroll-in-sports-betting-e61fef96

moneystery

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nowadays i'm pretty good at managing my bankroll as opposed to choosing which bets are right for me. honestly, choosing a bet is quite difficult in my opinion, because i need to determine which teams i want to bet on and analyze the game from various sources. though i'm quite sure about what i'm betting on, unfortunately sometimes it doesn't match the predictions i made end up losing money.

maybe so far i can say that my winning percentage is not too high which makes me quite annoyed, but fortunately i am quite good at managing my bankroll so my financial condition is not too disturbed by my bad betting conditions.

maydna

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I prefer to manage my money so that I don't lose a lot, and so far, it has gone well. I can also avoid losing a lot by limiting my money so that I can control how much money I use for gambling. And so far, I am still fine with using the money for gambling and not disturbing other fund allocations. Even though I still rarely win, that's okay because I think it's only a matter of time before I can win. So I will continue to gamble with limits on money and time to remain in control of myself and control everything well so that I can avoid any problems or gambling addiction problems.

junder

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Quote from: piebeyb on December 11, 2023, 06:15:36 AM

I think both are good and necessary for each other in gambling. I am happy with choosing the right bet, but on the one hand, when gambling, I also have to be able to manage my finances well. In the end, many people can't manage their money well or limit their budget, making gamblers even wilder to the point of going overboard. limits and also cannot control emotions, resulting in bad habits to the point of addiction.

Development in what limits, in my opinion gambling is not just about making a profit or not, I make gambling just a matter of entertainment, so I don't think whether I make a profit or not when gambling, enjoying the game is something that cannot be measured by money and big wins, for me playing gambling is something that is fun for me to be there for a few hours every weekend. Wink

yes you are right, many people can't manage their finances properly so they don't realize that a lot of money has been lost just because of gambling, and of course this makes a loss for themselves. they gamble out of bounds whether they realize it or not they've lost a lot of budget for gambling that doesn't produce much profit and can't even cover the losses they've gotten. this needs to be avoided because I myself am concerned about people who are willing to spend a lot of money just because of gambling which is said to promise victory. it will get.

It doesn't matter if we really want to gamble as long as we can manage the finances then it won't be a serious problem. I myself apply that, where I have restrictions on gambling by setting gambling time and budget for gambling.

arwin100

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Quote from: mirakal on December 11, 2023, 01:26:34 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?

For me it depends on certain condition since there are times that I'm not good on managing my bankroll and just want to bet according to what are the running events also the teams which I think give me more higher chance to win. But sometimes I usually settle up for small amount only especially if I find current games so boring that's why for me there's no definite or accurate answer to this question since it will matter depends on my mood.

So far I think there's 50% chance that I win since usually I bet on familiar sports league and also 50% chance to lose since game result is always unpredictable that's why I get that stats. Although I'm not really counting since I don't want to get stress on situation since sometimes if you read or take a peak on your win lose record it makes you feel sad about the outcome of what you are doing on your bets.

passwordnow

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Quote from: mirakal on December 11, 2023, 01:26:34 AM

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

Well, I guess that most of us do have that not proportion bets with wins and losses that we're having. I'll take a guess that the majority of us have a bigger percentage rate with the losses than of the wins, right? Someone who's good at managing bankroll but not good in selecting right bets because when you say that you're good at selecting bets then you have to win it as well. If you're not winning it then those bets aren't selected well. And for me, that's what it means to be a good selector of bets, the win must be there.

Quote from: mirakal on December 11, 2023, 01:26:34 AM

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

Not at all.
I've been into esports lately and can't be said to be a good one. I just have that love for it and likes how it goes in the scene but I am not an expert on the betting side and prefer not to be called one. Because it's always unpredictable in sports betting. While you get some info and ideas on what might happen, sometimes they're just too exhausting even if you did the right way of analyzing before the game commences with all the news and details you can search but still, with some clutch, the game changes and ends oppositely to the bet you make.

mirakal

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Quote from: Marvelman on December 11, 2023, 05:24:54 AM

I haven't turned a profit with either sports gambling or casino games lately. That said, I've definitely lost more money overall playing casino games than betting on sports. There's that temptation of going for the big payout instead of protecting your bankroll. I think thats an issue almost all gamblers grapple with though - we get seduced by those ideas of striking it rich quick and end up trying to make giant scores instead of playing a sustainable reasoned long game.

I guess we need to be realistic all the time.

Let's make a figure as an example. Assuming you ra playing today and you have a bankroll of $100 just today, with your small bankroll, you aimed to turned that into $1000. So I like to ask, isn't it realistic or not?

My answer is, it's possible to turn that $100 to $1000 but not so realistic because of the chance of it happening, so when the chance is slim, the result will likely be a lose. Unlike when you have a decent bankroll and you want to turn it to x10 overtime, that is more reasonable and realistic.

Ziskinberg

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Quote from: Outhue on December 11, 2023, 06:05:55 AM

I am very good at two things in gambling, one is me walking away after I win and me never risking more than I can afford to lose in gambling.

I remember the last time I won, I use $5 to win $2200 and there was also a time I use $25 to win $1500, I walked away immediately and I used the money to pay my cable bills for the next one year in advance, this happened in 2022.

Not knowing when to take your leave is the biggest disease you can have in gambling, this whole gambling idea was never created to make anyone rich, it's created to get you hooked for more and keep playing over and over for massive money.

This is you being so lucky in gambling, and I'd say congratulations to that.

However, if we are into long term success, betting $5 to win $2200 isn't ideal as not everyone can have the same luck as yours. Maybe for those who are consistently gambling, they would experience more which they are good at, whether picking correct bets or managing a bankroll, because these two should work together, unfortunately not everyone can achieve the two.

Strongkored

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Quote from: mirakal on December 11, 2023, 01:26:34 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'm not really sure about the answer because I've done both and never analyzed which is better of the two as well as when talking about profits because I never recorded or paid attention carefully, I only know that I've made withdrawals as well as deposits, and because of sports betting It's always challenging in my opinion so I will continue to do it even if I don't make a profit because so far it's still limited to the money I can afford to lose so that when I have to lose it doesn't affect my feelings or finance because losing and winning are part of gambling that must be accepted well.

piebeyb

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I think both are good and necessary for each other in gambling. I am happy with choosing the right bet, but on the one hand, when gambling, I also have to be able to manage my finances well. In the end, many people can't manage their money well or limit their budget, making gamblers even wilder to the point of going overboard. limits and also cannot control emotions, resulting in bad habits to the point of addiction.

Development in what limits, in my opinion gambling is not just about making a profit or not, I make gambling just a matter of entertainment, so I don't think whether I make a profit or not when gambling, enjoying the game is something that cannot be measured by money and big wins, for me playing gambling is something that is fun for me to be there for a few hours every weekend. Wink

Outhue

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I am very good at two things in gambling, one is me walking away after I win and me never risking more than I can afford to lose in gambling.

I remember the last time I won, I use $5 to win $2200 and there was also a time I use $25 to win $1500, I walked away immediately and I used the money to pay my cable bills for the next one year in advance, this happened in 2022.

Not knowing when to take your leave is the biggest disease you can have in gambling, this whole gambling idea was never created to make anyone rich, it's created to get you hooked for more and keep playing over and over for massive money.

Marvelman

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I haven't turned a profit with either sports gambling or casino games lately. That said, I've definitely lost more money overall playing casino games than betting on sports. There's that temptation of going for the big payout instead of protecting your bankroll. I think thats an issue almost all gamblers grapple with though - we get seduced by those ideas of striking it rich quick and end up trying to make giant scores instead of playing a sustainable reasoned long game.

EluguHcman

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Quote from: mirakal on December 11, 2023, 01:26:34 AM

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

Personally I am better of managing my gambling bankrolls because I believe that winning in gambling is more leaned on the lucky days or gamblers grace (luck) to win.
So chasing after a right bet without considering the bankroll could erupt an adjective bankrupt.
As long as I know, money in my bank account is an assured achievement other than that of gambling that is at a highly level of 99% possibilities to be lost.

Quote from: mirakal on December 11, 2023, 01:26:34 AM

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

I am profitable in managing my bankroll because I could set-up a gambling budget and maintains a responsible and reputable gambling.

Weawant

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Quote from: mirakal on December 11, 2023, 01:26:34 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?

Personally I place more relevance on my bankroll because that's the only way to still remain in business, if I run out of funds, I definitely wouldn't be able to continue gambling so I try to manage my bankroll and know when not to continue and when to stop, I set daily target and budget which I try not to exceed regardless the out comes for the day.

Picking the right option is really great and give a good sense of satisfaction to the gambler when they attained such level of accuracy with their picks, but then gambling is full of too many uncertainties so you can never be too careful or very accurate in most cases as it is a game of probability, but if your bankroll is well protected, you can still stay in business regardless of the outcome. For a fact bit skill if very important so as to enable profitability, managing your bankroll properly and been able to make correct picks will keep you profitable in gambling, you are at a better advantage when you can do both but personally I'm good and managing my bankroll a d it has so far kept me profitable and helped me stay longer in the game.

angrybirdy

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Quote from: mirakal on December 11, 2023, 01:26:34 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?

It's giving me a realization as of now, I think I'm good at managing my bank roll, because I can manage my spending habits and I always set an allocation on how much should I spend in placing bets. Am I profitable by doing it? Yes because once I won, I immediately save money for my gambling activity then the rest is for my own savings.

DabsPoorVersion

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I can say, I'm good at selecting the right bet than managing my bankroll. Choosing the right bet is all about statistics and analyzing the records/data when selecting the right bet that's why I find it easy and for most people. Well, the same with bankroll management, most people find it easy as they only need to set an amount or percentage from their bankroll on every bet they make. However, this requires to be a disciplined gambler. Which is not I am not good at. I still find myself to continue to lose my patience sometimes.

Nheer

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Quote from: mirakal on December 11, 2023, 01:26:34 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?

When I started gambling i didn’t know so much about it and i didn’t know the capabilities of most clubs especially smaller clubs that I don’t get to watch. Sports betting was my favorite betting game but uptil now i still find it difficult to select the right bet, i only win once in a while maybe after like 7 trials.

But i know one thing i am very good at is managing my bankroll, i am so good at controlling my emotions that i only use what i dedicate for gambling no matter the outcome and when i win i immediately withdraw all my winnings and make deposit for the next time. When it gets to my funds i don’t let greed get the best of me but in selecting the right bet i sometimes get greedy for odds and it affects my winning rates.

killerfrost

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IMO, both of these factors should be balanced during the betting process because any factor can affect the result. Even though I'm not a good player, frankly I lose more than I win so I can somewhat see the cause of my failures. But I'm still inclined to seek entertainment, so the results really aren't that important to me. In this field, as I understand it, it also requires a lot of learning, if you just play by your normal instincts, you will receive more pain.

selecting the right bet and managing your bankroll , matter how much these rules are followed, the results are a reflection of the extent to which the player can apply them.

Mauser

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Quote from: mirakal on December 11, 2023, 01:26:34 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 definitely better at the latter, managing my bankroll is more easy for me than picking the right bet to place my money on. When I compare myself to my friends, I know that I am not the best person to place profitable bets. A few of my friends are quite successful in football betting because they follow the league into the smalles detail. I am more of a big picture kind of guy and only really follow my home team, which makes it a bid hard to give accurate predictions and place my bets accordingly. However, remaining in full control of my money is for me the key to remain profitable. Learning how to control your bankroll is what saved me from not going broke over the years of my gambling history. I think it came from the strong focus on poker in my early days on gambling, because you need to have a close eye on your bankroll all the time and adapt quickly. You can only move up the stakes when making money, and as soon as you lose money you need also lower the stakes again. There will be losing streaks and we need to have the capital to survive it.

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