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Topic: Winning Wisely: Strategies to Protect Your Bankroll - page 12. (Read 1799 times)

sr. member
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This is another thread that reiterates the luck factor in gambling and I agree with this. Most of the points listed are what have come up here and gamblers who are experienced keep to them.
Luck is a basic factor in gambling that have been overly and repeatedly discussed on multiple occasions, this is so because luck have inddedd played a significant role in our gambling life as far as winning is concern, alot of time we have resulted into depending on the luck factors to win mostly in sport bet.


Although we have not been so relying on luck alone in some inhouse games that requires some. Level of skills to win them at some point.
Quote
Like you mentioned about luck, some times when playing and losing in gambling, we need to listen to that third voice that tells us to quit or exit for the main time and that is what to follow to avoid further loses when we keep playing. The luck factor is always there while gambling and when it is not going our way then we have to stay out. Staying out helps to get us to reorganize, plan and relaunch again with a clear mind and not for the shake of chasing what we have lost.
Having an exit point is one sure way to stay ahead of persistent loses, since if gambling is not done with limits, it can lead to a more regrettable state of things that can hot the entire process a session.
hero member
Activity: 2926
Merit: 722
CoinPoker.com
What is required for this strategy to succeed in the first place is utmost and unwavering discipline. That is something that most gamblers do not have, and do not really want. At least in my experience.
Logically, Martingale never works in the long-term just like any other gambling strategy out there thanks to the house edge. It does work only in the short-term though it's still not recommended since it's a negative progression strategy.

It's a classic strategy to help the house win again and again(Not the gamblers) frankly speaking.

We can agree with me that not every strategies work with all games we play while gambling, which also indicates that people make use of various means to ensure that they get their required result while gambling, also after everything said had been done, it takes them luck to also appears as the lucky gambler to win, however, being a gambler, we must not be too focused on one way view from how we gamble wether for winining or not, our level of discipline, knowledge and skills all work also together with the tendencies for winning when gambling.
Not all strategies ‘coz some has no absolute basis or those which probably happened due to coincidence; one example is betting hours wherein some are having thoughts that there is a betting timeframe wherein most of the gamblers are winning, however, this is not true based on my experience. While other strategies are not to secure a win but rather minimize the tendency of losing continuously such as with multiple bets and the likes. All strategies could work but never expect for a definite result simply because this is gambler and nothing is too certain. Luck will always take place in every bet no natter how confident you are for a better outcome. Of all the strategies I’ve seen, the best ones are those which helps a player to set a limit or to minimize the risk ‘coz it would be much better to be prepared of the worse than to expect that much which can temp you to bet more and lose more by pushing your luck ‘til it hits.
Trying to push your luck on something will really be just making you that desperate and we know that this type of behavior is never been a good thing here on this space on which it is already that recommended that you should really be setting out limits and having that good control in towards your betting or else then you would really be keeping on trying out to make a certain strategy to work and sticking into it until the very end until you would be finding yourself that losing up that much. One of the most common mistake is that on making with those patterns because if you dont really make yourself that realize that there's no such thing about those patterns then you would really be keeping on coming back until you would be proving out that it does work but we know the fact that it wont really be giving out that precise result or outcome.

Everything would really be random and being lucky does really play a great role on the time that you would really be dealing with gambling thing. This is why it would really be always that recommended
that you should really be sticking with those realistic approach rather than on making yourself that delusional because if you do have this kind of belief and sticking into it until the very end
then expect that outcomes would really be that a shit.
legendary
Activity: 2436
Merit: 1232
Leading Crypto Sports Betting & Casino Platform
What is required for this strategy to succeed in the first place is utmost and unwavering discipline. That is something that most gamblers do not have, and do not really want. At least in my experience.
Logically, Martingale never works in the long-term just like any other gambling strategy out there thanks to the house edge. It does work only in the short-term though it's still not recommended since it's a negative progression strategy.

It's a classic strategy to help the house win again and again(Not the gamblers) frankly speaking.

We can agree with me that not every strategies work with all games we play while gambling, which also indicates that people make use of various means to ensure that they get their required result while gambling, also after everything said had been done, it takes them luck to also appears as the lucky gambler to win, however, being a gambler, we must not be too focused on one way view from how we gamble wether for winining or not, our level of discipline, knowledge and skills all work also together with the tendencies for winning when gambling.
Not all strategies ‘coz some has no absolute basis or those which probably happened due to coincidence; one example is betting hours wherein some are having thoughts that there is a betting timeframe wherein most of the gamblers are winning, however, this is not true based on my experience. While other strategies are not to secure a win but rather minimize the tendency of losing continuously such as with multiple bets and the likes. All strategies could work but never expect for a definite result simply because this is gambler and nothing is too certain. Luck will always take place in every bet no natter how confident you are for a better outcome. Of all the strategies I’ve seen, the best ones are those which helps a player to set a limit or to minimize the risk ‘coz it would be much better to be prepared of the worse than to expect that much which can temp you to bet more and lose more by pushing your luck ‘til it hits.
hero member
Activity: 812
Merit: 560
What is required for this strategy to succeed in the first place is utmost and unwavering discipline. That is something that most gamblers do not have, and do not really want. At least in my experience.
Logically, Martingale never works in the long-term just like any other gambling strategy out there thanks to the house edge. It does work only in the short-term though it's still not recommended since it's a negative progression strategy.

It's a classic strategy to help the house win again and again(Not the gamblers) frankly speaking.

We can agree with me that not every strategies work with all games we play while gambling, which also indicates that people make use of various means to ensure that they get their required result while gambling, also after everything said had been done, it takes them luck to also appears as the lucky gambler to win, however, being a gambler, we must not be too focused on one way view from how we gamble wether for winining or not, our level of discipline, knowledge and skills all work also together with the tendencies for winning when gambling.
hero member
Activity: 2828
Merit: 611
I have created a pdf of this rule for me which I am sharing with you. I hope you find it useful.
The title should have been: Gambling Wisely: Strategies to Protect Your Bankroll.

I say that because there is basically no strategy or anything that can make you win more than what you are destined to win, all these points and strategies or plans can only save one from excessive losses and they are not to make one keep winning, so it shouldn't be called "Winning Wisely" because these points are not surrounding that area. I also believe that someone who gambles wisely and keeps themselves safe from excessive losses is already doing great.

The points are all good and on point, and those who want to practice responsible gambling should follow them, especially the ones that say that one shouldn't try and exceed a certain limit when they can clearly see that they are constantly losing because it simply means that your luck isn't working and gambling is all about that.
sr. member
Activity: 952
Merit: 363
Duelbits
Gambling is not a paradise for profits, but if we are determined to get big wins in gambling and get big profits from the gambling we play, then what we need to do is to make the most of the winnings as business capital, for example, or you can invest. the money and part of it is saved to answer urgent needs. You need to do these things to prevent your money from going back to gambling in its entirety so that the money cannot be utilized as well as possible and you cannot enjoy it for anything other than gambling.
full member
Activity: 924
Merit: 148
What is required for this strategy to succeed in the first place is utmost and unwavering discipline. That is something that most gamblers do not have, and do not really want. At least in my experience.
Logically, Martingale never works in the long-term just like any other gambling strategy out there thanks to the house edge. It does work only in the short-term though it's still not recommended since it's a negative progression strategy.

It's a classic strategy to help the house win again and again(Not the gamblers) frankly speaking.
legendary
Activity: 2730
Merit: 7065
The martingale method may apply if we bet on sports betting and cards. Because at least we have analysis and predictions that don't just rely on luck, but also predictive analysis that can support victory when betting. Whereas in other games such as lottery and slots, I believe this cannot be implemented. Remembering that winning is random, often in 10+ spins, we never get a win even for once. Also if we can win, we could win only 50% or lower than the bet we made. So, don't try to apply martingale to gambling that only relies on luck.
Martingale is dangerous because it requires a significant bankroll to keep you going in case of a series of losses in a row. If you aren't lucky, you'll have to give up and leave empty-handed even if you bet on something where the odds are close to 50/50 like Odd/Even on roulette. Another danger is that the next time you have to double the money to continue the streak, it will be an amount that exceeds the casino's maximum betting limit. 
legendary
Activity: 2030
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Verified Bitcoin Hodler
When luck isn't on your side, consider an immediate pause to prevent further losses

This will really save a lot of money from gambler if they will apply this. I observed that many gambler is indeed losing due to not being patient and chasing the huge win even though they are not lucky with their current bet result.

I was a victim of this too when I have consistent lose streak while I’m doing martingale strategy. I keep chasing and chasing until my bankroll deplete then my last roll using a penny bet makes it a win which will be a huge profit if I still have a bankroll to cover my strategy. My whole bankroll will be safe if Just didn’t push my luck to the limit and just pause for the day.

What is required for this strategy to succeed in the first place is utmost and unwavering discipline. That is something that most gamblers do not have, and do not really want. At least in my experience. People gamble just for the hell of it and they have this small tiny hope that they will walk away much richer than when they entered the casino. Of course it's just in the nature of gambling games to make you forget about how risky it is and how much money you can lose. Thats really what the loud music and flashy game-play is for. To distract you a little from reality.
hero member
Activity: 742
Merit: 529
It's damn simple.
Never go to a casino with 100% of your bankroll, only take what you can afford to lose DURING THAT SESSION.
Never play above a fixed bet so to have something left to play more, and read it carefully, I said "to play more", not "recover it back". If you will go with a mentality to recover your losses, you'll definitely either deposit more or just play till the last cent of your bankroll is left on your account to try and recover, and then mess up everything by losing it all because you lose your control and go for unnecessary big bets.
Gamblers that uses the martingale strategy to gamble do fall victim against this piece of advise, as they intend to increasing their wagering amount upon each bet that's how they gradually clear their bankroll with each bet loss while trying to recover all the losses through just one win in all.

Because it's a bankroll doesn't mean you'll have to squander it all in a day. Part of applying financial management in gambling is also in when a gambler is quick to realize when he's making too many loss for the day that he has got to stop and  try again another day, because that day may not just be his lucky day as a continuous loss chasing can make you gamble beyond the amount you initially kept as your bankroll. Learning to know when to quit for the day isn't a show of weakness.
hero member
Activity: 2520
Merit: 624
When gambling, we need good self-control so as not to spend too much, and we already know the adage of only using the money we can afford. If you have experienced a losing streak, you should stop because it can affect your emotions. Later, you will not be able to stop before you win. But even though you win, you still lose because if you count everything, you will see that the amount you lose will be greater than the wins you have obtained.
Well, this is not something you can just conclude because because its like a coin with two sides, for some, they indeed might experience a long losing streak but when luck hits, they end up winning an amount of money that is far greater than what ever amount the gambler have spent while losing. at least, I have seen this happen with several gamblers, most especially in slot or casino games when the gambler luckily get a very nice multiplier.


I think the whole difference of gambling continuously whilst having a losing streak and also increase the stake depends on the player and whether they are addict who has enough bankroll to increase his stake. Addicts usually don't focus on their losses at least not when they still have some bankroll to deep in for more multiplier to win back their losses. Does gamblers who focus on their losses are those with low bankroll and the regular gambler. An addict focus is the winning that can come in the midst of losing that is why they don't give up easily but to even increase their stakes to scoop their losses, it is all about target for the addicts.
legendary
Activity: 3052
Merit: 1273
It's damn simple.
Never go to a casino with 100% of your bankroll, only take what you can afford to lose DURING THAT SESSION.
Never play above a fixed bet so to have something left to play more, and read it carefully, I said "to play more", not "recover it back". If you will go with a mentality to recover your losses, you'll definitely either deposit more or just play till the last cent of your bankroll is left on your account to try and recover, and then mess up everything by losing it all because you lose your control and go for unnecessary big bets.
legendary
Activity: 2254
Merit: 1596
hmph..
However, gamblers who use the martingale strategy must remain careful because it will not always work for them. The capital they use will also be greater than before, while the losses will also be greater. So they have to measure their financial capabilities so they don't spend much money on gambling.


The martingale method may apply if we bet on sports betting and cards. Because at least we have analysis and predictions that don't just rely on luck, but also predictive analysis that can support victory when betting. Whereas in other games such as lottery and slots, I believe this cannot be implemented. Remembering that winning is random, often in 10+ spins, we never get a win even for once. Also if we can win, we could win only 50% or lower than the bet we made. So, don't try to apply martingale to gambling that only relies on luck.
legendary
Activity: 1372
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I don't see much point in using a bankroll for casino games, which are EV-. If you are going to play for fun, it doesn't matter whether you have a bankroll or not. I would see more sense if you do it to make what you have last longer by lowering the bet amount as your bankroll goes down.

In poker if you want to make a profit it is fundamental. And that you know how to respect the bankroll management to go up as well as to go down. There are more or less aggressive managements that you can use depending on the modality, your experience and risk tolerance but there are some minimum bankroll management that must be respected to avoid bankruptcy.
hero member
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~snip~
Well, this is not something you can just conclude because because its like a coin with two sides, for some, they indeed might experience a long losing streak but when luck hits, they end up winning an amount of money that is far greater than what ever amount the gambler have spent while losing. at least, I have seen this happen with several gamblers, most especially in slot or casino games when the gambler luckily get a very nice multiplier.

And concerning the adage that we should only gamble with the amount of money we can afford to lose, this is one major rule every gambler must adhere to and obey, its very important not to over gamble no matter the reason for our gambling, for I personally know that, majority of gamblers out there do gamble solely for the purpose of winning money I return, while its just a very number of gambler that actually gamble for the fun of it.
Knowing this makes us be more careful when gambling and not exceed our set limits. Maybe that's something we should always remember because only by doing that can we still enjoy gambling and won't gamble excessively like other people. But it is very rare to find a gambler who has experienced a fairly large losing streak but can get his big win by getting bigger money than the previous loss. Most gamblers experience losses much greater than their wins, so it would be better if they could stop gambling for a while to calm down and accept their losses. Indeed, some gamblers can get big wins after suffering quite big losses, and we know that.

~snip~
Usually, if a gambler increases his bet because he lost, he uses the martingale strategy because that is the only strategy that novice gamblers usually use to recover from their losses, but in the end, this method will also be defeated by consecutive losses, especially since you have to have large enough capital to carry out this strategy. because if you use small capital it will be very difficult.

Actually, the correct way is to set a budget for gambling so that it does not exceed the budget limit provided, sometimes people feel that it is not important even though it is very important to make it an alarm, if we can limit the budget of course we can also determine the number of bets that we can play at a time. gamble. always remember that the dealer will always win, don't be focused and ambitious about winning big money, enjoy the game and consider winning as a bonus
However, gamblers who use the martingale strategy must remain careful because it will not always work for them. The capital they use will also be greater than before, while the losses will also be greater. So they have to measure their financial capabilities so they don't spend much money on gambling.

Yes, setting a budget for gambling is what we have to do so that we don't exceed the limits and we can be on the right path in gambling. And we can also prevent losses that might be even bigger. We must remember that gambling is not a place to make money. The casino will always win and earn big money. If we can win, that is a bonus we should be grateful for.
legendary
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Leading Crypto Sports Betting & Casino Platform
Determining the betting amount is something every gambler needs to pay attention to. If you start betting with small money, use it every time you bet and don't increase your bets just because you lose. But if you experience a losing streak, you are not having good luck, so you have to stop first.
Usually, if a gambler increases his bet because he lost, he uses the martingale strategy because that is the only strategy that novice gamblers usually use to recover from their losses, but in the end, this method will also be defeated by consecutive losses, especially since you have to have large enough capital to carry out this strategy. because if you use small capital it will be very difficult.

Actually, the correct way is to set a budget for gambling so that it does not exceed the budget limit provided, sometimes people feel that it is not important even though it is very important to make it an alarm, if we can limit the budget of course we can also determine the number of bets that we can play at a time. gamble. always remember that the dealer will always win, don't be focused and ambitious about winning big money, enjoy the game and consider winning as a bonus
hero member
Activity: 1022
Merit: 525
🇵🇭
The best thing you can do is just maintaining a high bankroll and then bet with small amounts.

Although I like the idea of this strategy but the only problem is the patience and self control to maintain small bets while you are holding huge bankroll. It’s like a dam that you are only using a small hole to release water but until how long you can endure doing it with the presence of temptation to bet higher?  Cheesy

Yeah, there’s no working strategy but the general rule is make your gambling short as much as possible. Not by doing all in but rather splitting your bankroll on significant sizes hoping that you will hit early win streak since playing longer will surely make you lose due to the house edge of the casino in every game.
hero member
Activity: 2996
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If all bets are unique and random, gamblers should not be able to get long losing streaks and then bet, based on that pattern. The outcome of bets are determined by a client seed and a server seed and the RNG... so there should not be any clear pattern.

The number #1 rule should be not to look for patterns and the number #2 rule should be not to chase losses. Stay calm, wait for the RTP to payout and just hope you are lucky enough that it is a big one.  Grin
This is something that should really be that gamblers should really be thinking on on the time that they would really be dealing or playing with gambling. Dont believe or put up something into your mind about on having those kind of patterns because just like been said that there's no such thing about patterns because every results would really be that random. This is why timing is something that significant on the time you do hit up some big wins because it doesnt really happen often or really that common. This is why it would really be just that wise on calling it a day and would completely be stopping and wont really be tending to play further because the most common mistake on which gamblers do commit is that they do become greedy on the time that they do experience winning.

Strategies? Just dont make yourself go beyond your limitations then you should really be just fine. The main issue on where people do really fail to follow is that they do really have those kind of insights or beliefs into their mind that winning would really be just that easy until the reality would be slapping out into their faces then this is where learning would come next in line.
Gambling is for fun, and its better to deal up with sites or platforms which are really that known or long time running before you would really be able to make some deposit
so that you would really be that confident on what you are dealing with.
legendary
Activity: 2254
Merit: 1052
Leading Crypto Sports Betting & Casino Platform
When gambling, we need good self-control so as not to spend too much, and we already know the adage of only using the money we can afford. If you have experienced a losing streak, you should stop because it can affect your emotions. Later, you will not be able to stop before you win. But even though you win, you still lose because if you count everything, you will see that the amount you lose will be greater than the wins you have obtained.
Well, this is not something you can just conclude because because its like a coin with two sides, for some, they indeed might experience a long losing streak but when luck hits, they end up winning an amount of money that is far greater than what ever amount the gambler have spent while losing. at least, I have seen this happen with several gamblers, most especially in slot or casino games when the gambler luckily get a very nice multiplier.

And concerning the adage that we should only gamble with the amount of money we can afford to lose, this is one major rule every gambler must adhere to and obey, its very important not to over gamble no matter the reason for our gambling, for I personally know that, majority of gamblers out there do gamble solely for the purpose of winning money I return, while its just a very number of gambler that actually gamble for the fun of it.
hero member
Activity: 2912
Merit: 556
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When gambling, we need good self-control so as not to spend too much, and we already know the adage of only using the money we can afford. If you have experienced a losing streak, you should stop because it can affect your emotions. Later, you will not be able to stop before you win. But even though you win, you still lose because if you count everything, you will see that the amount you lose will be greater than the wins you have obtained.

Determining the betting amount is something every gambler needs to pay attention to. If you start betting with small money, use it every time you bet and don't increase your bets just because you lose. But if you experience a losing streak, you are not having good luck, so you have to stop first.
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