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Topic: Winning Wisely: Strategies to Protect Your Bankroll - page 13. (Read 1799 times)

sr. member
Activity: 882
Merit: 274
It's fine to win and that's why we all gamble, fun just add to the taste so as to feel at home and relax when gambling, the truth about gambling is to never see it as an opportunity to get rich, you need to accept that gambling is all about losing today and winning tomorrow,  vice versa,  and that's luck.

You fool yourself the instant you believe that you will always be lucky, there is no being created in such a way, luck have it's days and so iarelosses, good and bad or evil is also how this world was created, meaning you can't keep getting the same answers or results always, so buckle yourself up and take gambling with a pinch of salt.

Believe in yourself and your dreams, this advice is best suited for your life goals and skills in the real world, not gambling, some people will advice you to give your best shot, not on gambling my Friend, use your gut and might on something else, not on gambling.

of all ways that we can make money from, gambling should be treated with the less attention and it also doesn't deserve most of your money, I don't use anything more than $40 for gambling and only a few times in a week, some times I decide to stay away because I don't have enough money for my needful, be smart and stop enriching casinos.
legendary
Activity: 3472
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
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
hero member
Activity: 518
Merit: 507
You have come up with a good guide and i think it will be helpful to alot of people but this kind of post and tips have been posted here on several occasions so my advice is to make research before posting anything on the forum so you don’t get accused of spamming.

  • When luck isn't on your side, consider an immediate pause to prevent further losses.
Gambling is all about luck but some gamblers don’t understand this, after losing so much they would not want to stop betting they will think they have gone too far to stop now not knowing that pausing for a while is for the best.

  • Avoid waiting for a substantial payoff after a prolonged losing streak. Cut your losses before they deplete your bankroll. It's likely that bets close to a quarter of your balance will lead to losses most of the time.
    Adjust your bet sizes to ensure that one or two wins can recover more than your previous losses. Avoid excessive greed.
This has really caused a lot of gamblers to lose money because no one wants to end up losing so after experiencing a streak of losses they will not want to give up, they will think when they stop at that time they have lost to the casino and want to win back their money so they will become greedy to pause immediately they will keep playing and at this time it doesn’t often end well. Gamblers should take note of this times and learn to stop immediately when experiencing a streak of losses.

Act promptly if your emotions start influencing your decisions. Both excessive fear and greed pose significant risks.
These two are the major challenges gamblers face and this challenges are difficult to overcome. When you gamble every now and then greed will slowly get into you and when you bet casually fear would be your major obstacle. Gamblers should never let their emotions get in the way when gambling because it doesn’t always end well when our emotions take control.
hero member
Activity: 1302
Merit: 503
Leading Crypto Sports Betting & Casino Platform
How are we going to know luck is not on our side? If I start playing dice and first to rolls are losses does that mean I should stop playing because it's not my day? If I get 2L, 1W, 2L? Is it not my day? Should I quit? What if there's 2W waiting around the corner?
How do you know if you're lucky or not without losing or wining a significant amount of money?

In that scenario, the best thing to do will be to gamble with the least amount of fund you know you are capable & willing to lose, and not having the mindset that you must continue gambling until you win the jackpot before you stop, which in most cases never comes. Moreover, I have seen people who won millions on their very first dice game to play, and likewise others who literally played multiple times and never won anything, so on that note it's always good to have a plan and know that in gambling, if it's not yet your time to win, you can keep playing and you will never win.
No one knows when they can have luck and what kind of luck will come but at least here from what you said there is some truth in it that it is better to use relatively small amounts of money that you can receive if you lose it but on the other hand when you have won you have to stop never think about getting something bigger because that will be threat to lose more money and luck will only come once so forget about that bigger win.

In the past I had an experience like that and after feeling what the risks were now better thinking is priority for the purpose of remaining stable in maintaining finances and also mental health which might be disturbed if you have made many detrimental mistakes.
copper member
Activity: 2226
Merit: 536
Promotional Campaign Manager|Telegram @NrcewkerBTC
No strategy works the second time. I am saying this from my own experience. Moreover the need strategies to control our emotions. We can’t control how we place the bets. Gambling is a game of luck. Hence no matter what strategy or plan you use, if your luck is not good, then you will end up in losses only. The best thing you can do is just maintaining a high bankroll and then bet with small amounts.
hero member
Activity: 1414
Merit: 504
Leading Crypto Sports Betting & Casino Platform
I only know one thing for a gambler to play wisely: when he wins between $30 and $50, maybe it's a warning to stop; don't try to continue, because what frequently happens to those who continue even after winning is that they finally lose. Numerous gamblers have experienced this numerous times.

Due to their false belief that they can defeat the banker, most gamblers get even more ecstatic and increase their wagers after a win.


Yes, it's true, I also experienced something similar when I won, but I continued playing hoping that my winnings would increase, but in fact I lost and I really regret that.
Stopping when you receive a win is the right decision because otherwise the winning money will return to the gambling platform. Indeed, when we experience a win we will definitely feel pleasure and excitement so it is difficult to stop gambling because we want more wins, but it would be better if we were gamblers who are wise and able to receive small or large profits and still apply limits do not spend too much time on gambling because if we indulge in the desire to gamble it will be difficult to stop when we still have enough balance to keep playing.
hero member
Activity: 2716
Merit: 904
  • Maintain a sensible approach. Avoid chasing excessive profits that could lead to a complete loss.

Out of all the points listed, I'd go with this one as the most crucial for safeguarding our bankroll. The game plan is straightforward: stick to a set percentage per bet. If we can stick to that with discipline, we won't fall into the trap of chasing losses or going overboard with big wins. It's a strategy I'd call "slow but consistent," and it's exactly the kind of approach we need to adopt to stay disciplined and ensure a profitable, long-term journey.

Honestly, the biggest foe for most gamblers is their own greed. When emotions take over, that's when all our well-laid plans tend to go out the window. And once that happens, it's a slippery slope towards ruining everything, and you can pretty much expect your bankroll to take a hit sooner or later.
This is true and almost every good gambler must have been faced with this atleast once or twice so this is probably a problem that only well principle and strict mind can handle. Imagine starting your gamble with just the least expectations of winning and all of a sudden what you expected is not what is showing and you got a winning streak that raised your bankroll to a very high amount forgetting that your target wasn't even that big you continue playing and your traps you in the process and before you know you have lost even the money which you use in starting the game.

Well, that usually happened especially when you're new to gambling, is pretty much par for the course. However, the key is to learn from those mistakes and grow more mature in how you approach gambling to avoid making the same errors repeatedly. It's a mental game, and letting emotions take over can be like poison to our goals.

As the saying goes, when we lose, we learn, and sometimes that learning can be pretty costly. But it'd be downright foolish to keep making the same mistakes over and over again. So, it's all about evolving, adapting, and becoming a smarter, more disciplined gambler.
hero member
Activity: 644
Merit: 520
Leading Crypto Sports Betting & Casino Platform
  • Maintain a sensible approach. Avoid chasing excessive profits that could lead to a complete loss.

Out of all the points listed, I'd go with this one as the most crucial for safeguarding our bankroll. The game plan is straightforward: stick to a set percentage per bet. If we can stick to that with discipline, we won't fall into the trap of chasing losses or going overboard with big wins. It's a strategy I'd call "slow but consistent," and it's exactly the kind of approach we need to adopt to stay disciplined and ensure a profitable, long-term journey.

Honestly, the biggest foe for most gamblers is their own greed. When emotions take over, that's when all our well-laid plans tend to go out the window. And once that happens, it's a slippery slope towards ruining everything, and you can pretty much expect your bankroll to take a hit sooner or later.
This is true and almost every good gambler must have been faced with this atleast once or twice so this is probably a problem that only well principle and strict mind can handle. Imagine starting your gamble with just the least expectations of winning and all of a sudden what you expected is not what is showing and you got a winning streak that raised your bankroll to a very high amount forgetting that your target wasn't even that big you continue playing and your traps you in the process and before you know you have lost even the money which you use in starting the game.
hero member
Activity: 2716
Merit: 904
  • Maintain a sensible approach. Avoid chasing excessive profits that could lead to a complete loss.

Out of all the points listed, I'd go with this one as the most crucial for safeguarding our bankroll. The game plan is straightforward: stick to a set percentage per bet. If we can stick to that with discipline, we won't fall into the trap of chasing losses or going overboard with big wins. It's a strategy I'd call "slow but consistent," and it's exactly the kind of approach we need to adopt to stay disciplined and ensure a profitable, long-term journey.

Honestly, the biggest foe for most gamblers is their own greed. When emotions take over, that's when all our well-laid plans tend to go out the window. And once that happens, it's a slippery slope towards ruining everything, and you can pretty much expect your bankroll to take a hit sooner or later.
legendary
Activity: 2254
Merit: 1590
Do not die for Putin
I only know one thing for a gambler to play wisely: when he wins between $30 and $50, maybe it's a warning to stop; don't try to continue, because what frequently happens to those who continue even after winning is that they finally lose. Numerous gamblers have experienced this numerous times.

Due to their false belief that they can defeat the banker, most gamblers get even more ecstatic and increase their wagers after a win.


You can occassionally defeat the banker, but if you try to make this kind of a way of living, you should look for something easier. Even if you achieve some modest results, you will likely be removed from the game or your account cancelled or they will give you "withdrawal headaches". The chance games are specifically designed to make the banker win, so look for something else to do with your life seriously.
hero member
Activity: 2212
Merit: 786
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.

Just to add some additional information, always set your gambling expenses to a limit. Only bring the amount of cash you are willing to lose in a given gambling activity for you to really be compelled to stop.

If a person gambles using their credit card, then withdraw cash first and leave your credit card at home. If a person gambles online, then only set a limited amount of money for the day in order to prevent any over expenditure on your part.
hero member
Activity: 1918
Merit: 564

Quote
  • Maintain a sensible approach. Avoid chasing excessive profits that could lead to a complete loss.

I sometimes fail to follow this kind of sensible approach.  I have an experience depositing $20 and I am able to win around $300+  but due to the wanting to get at least $400 wins, I end up losing all my bankroll due to chasing wins.  It is indeed correct to be contented even on a small wins to be able to avoid the situation where we starts chasing losses.


Quote
  • When luck isn't on your side, consider an immediate pause to prevent further losses.

This is somehow hard to determine.  I often experience in slot that I have to bet and loss several times before I start hitting bonus round. 

Quote
  • It's crucial to recognize that consistent daily profits are unlikely. Don't jeopardize your entire balance just to chase them.

There is no such thing as consistent in gambling win or lose it is all random.



With all said, the bottom line is to moderate our gambling strategy, and be in control.  Don't let greed blind us.
hero member
Activity: 994
Merit: 713
How are we going to know luck is not on our side? If I start playing dice and first to rolls are losses does that mean I should stop playing because it's not my day? If I get 2L, 1W, 2L? Is it not my day? Should I quit? What if there's 2W waiting around the corner?
How do you know if you're lucky or not without losing or wining a significant amount of money?

In that scenario, the best thing to do will be to gamble with the least amount of fund you know you are capable & willing to lose, and not having the mindset that you must continue gambling until you win the jackpot before you stop, which in most cases never comes. Moreover, I have seen people who won millions on their very first dice game to play, and likewise others who literally played multiple times and never won anything, so on that note it's always good to have a plan and know that in gambling, if it's not yet your time to win, you can keep playing and you will never win.
hero member
Activity: 2856
Merit: 655

  • When luck isn't on your side, consider an immediate pause to prevent further losses.
  • Don't push your luck beyond the maximum acceptable losing streak. Waiting too long often results in significant losses.


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.

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.
Sometimes,  I can't but to wonder why we as gamblers give so much attention a d expectation to luck factor while gambling,  although gambling being an unpredictable event who's outcome is mostly luck based,  but we can not also undermine the place of skills in aiding the winning of some games where there is a need to apply some form of tactical approach to aid it winning unlike in case of games which are based on luck mentioned.

So while we rely as much as we can on the luck factor,  we should also take into considerations the possibility of increasing our chance to win if we apply the right tecnics when it needed to help our winning chances.

We need to look after with that since playing base on current situation sometimes plays some role since it can dictate on how our game flows. If we encounter to much losses for sure the first thing came up on our mind is to quit because we are badly hurt with the losses we encounter. But if they are lucky then provably we might extend or bet some more because we think to accumulate more and take advantage of winning situation. Tactical approach what you called is important since it can make us think smart to follow the strategies we want to try but we cannot rely on this since on gambling we all know that most of the time result shown is random and we can't do anything with it if result will not be in favor to us.
You should really know on how to weigh in with your decisions whether you should stop or play a little bit more specially if you do see some chances or odds of recovery ( this is only applied on strategic games)
but if we are really that talking about luck based then it would really be just that normal that losing is really that something totally random and would really be on having that unpredictable results or outcomes
on which it would really be just that so normal that you would really be getting shocked.If you are already on the verge of which you are already that winning then it would really be just a normal approach that you should really be stopping and calling it a day and never ever push up yourself on playing further because those winnings of yours would really be taken back by the house if you arent that careful or really that wise on making up some decisions on stopping on that point.

Speaking about protecting your bankroll then when it comes to betting or setting out those base bets then act accordingly into your preference on which if you do have plans on trying out to
enjoy on the money or balance you do have then you should really be that something that trying out to make use of your balance wisely or in controlled manner. Doesnt matter if you do
lose as long the session that you would be having is much more longer compared when you do decide to make some all-in kind of betting on which its something that you could really be
able to see on most gamblers.
legendary
Activity: 3038
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
The problem with this advice is that when people give it, they don't take the time and courage to also post proof of the things they're saying, so I wonder how they expect other people to believe this advice when they're not seeing any more proof, and I don't understand why People don't realize that in order to give advice and be able to help other people, they will need to post evidence. for example when someone wants to give advice on good bank management, then that person needs to post proof of how he was able to have good bank management, it wouldn't hurt for the person to post a photo of his account

in which in that same photo you had the account balance, the amounts deposited, the amounts you place on each bet, the profits and losses and the withdrawals, in addition to showing this, you could also organize everything in a spreadsheet and post it in this thread. With all this information, people who have difficulty managing their bankroll well will look at this data and start following it so that they can also achieve success in bankroll management.

now when people just appear here on the forum to just post things without any proof, then this will definitely be of great help, anyone can write a lot of advice, but few people can give any advice with proof. I hope that OP shows us proof and in the future all the people who come to give advice also show us proof, don't create many threads with theories, because most of the time the people who are giving such advice don't follow in practice what they are saying to other people do
hero member
Activity: 1652
Merit: 690
Leading Crypto Sports Betting & Casino Platform
Emotions play a very important role in gambling. Without emotions when gambling, we will never get the sensation and pleasure again when gambling, so gambling will feel ordinary. However, if we are too emotional in gambling then this will plunge us into a black valley in gambling which will make us uncontrollable when gambling by continuing to increase the bet in order to achieve a big win in gambling, which in the end will only harm us. yourself both financially and in time.

So, when playing gambling, we really need to involve our emotions so that we can still feel the pleasure of gambling, but we also need to control these emotions to prevent unwanted things. And we also need to understand that whether gambling is good or not depends on how we understand and view gambling itself.
hero member
Activity: 2282
Merit: 589
I only know one thing for a gambler to play wisely: when he wins between $30 and $50, maybe it's a warning to stop; don't try to continue, because what frequently happens to those who continue even after winning is that they finally lose. Numerous gamblers have experienced this numerous times. You need to take percentage as a example instead the amount.

Due to their false belief that they can defeat the banker, most gamblers get even more ecstatic and increase their wagers after a win.
The exact amount you shared that between $30 to $50 is depend on the player's bankroll, if he is playing with $100 and won $50 then he need to stop at this point, but when the players bankroll is more than $100 like $100k then he need to stop according to that amount. I have taken 50% as a example in this case, so the player needs to stop at $50k,
The profit target you set is very realistic, but I suggest a profit of 20-30% is enough for daily profits because the higher you set the profit, the higher the potential for you to lose on the next bet, don't force yourself to reach the daily profit target, but as long as you don't lose then you have opportunity for profit tomorrow. You must remember that gambling wins are only due to luck, there are no predictions and there are no tools that guarantee you win on any bet.
legendary
Activity: 2884
Merit: 1137
Leading Crypto Sports Betting & Casino Platform
    -cut-
    • Understand that all games involve an element of randomness, making it wise to cease betting after securing a win within a range of acceptable losses.
    Element of randomness? Are you saying you could pick patterns from it? Because most likely it's confirmation bias. Patterns are way more complicated for humans to see, so it's all random to us, even if machine woud be "in the giving phase"

    • For instance, if you're playing a game with a 3x payout, the safe losing streak might be 18, and the maximum losing streak might be 24. If you experience a losing streak exceeding the safe limit, followed by a win, consider stopping your bets.
    Only safe losing streak is when you ran out of your budged that you have set you before gamblng. Going over that and you will eventually get in trouble.

    • Maintain a sensible approach. Avoid chasing excessive profits that could lead to a complete loss.
    • Remember that not losing is often more advantageous than risking it all.
    • When luck isn't on your side, consider an immediate pause to prevent further losses.
    • It's crucial to recognize that consistent daily profits are unlikely. Don't jeopardize your entire balance just to chase them.
    • Don't push your luck beyond the maximum acceptable losing streak. Waiting too long often results in significant losses.
    • For instance, if you're playing a game with a 3x payout, the safe losing streak might be 18, and the maximum losing streak might be 24. If you experience a losing streak exceeding the safe limit, followed by a win, consider stopping your bets.
    • Be aware that extended losing streaks tend to get worse, and it's challenging to predict when they'll surpass the maximum threshold.
    • Avoid waiting for a substantial payoff after a prolonged losing streak. Cut your losses before they deplete your bankroll. It's likely that bets close to a quarter of your balance will lead to losses most of the time.
      Adjust your bet sizes to ensure that one or two wins can recover more than your previous losses. Avoid excessive greed.
    • Recognize that the house often aims to lure you away from your strategy, leading you into their designed plan to deplete your funds quickly.
    All of these are basically same advice said in different ways. But if you need more remiders on that i guess use what ever way suits you.[/list]
    hero member
    Activity: 2268
    Merit: 870
    Though I believe that if this rules are carefully and effectively applied to our gambling and betting each and every day and time we gamble, it will indeed make us responsible gamblers, and not just responsible, but may also make us win much more than we lose.
    Your win to loss ration can't be positive when you gamble, especially when you gamble regularly. No advice can stop your loses and increase profit, absolutely none, the only way to minimize loss is to minimize the number of coins you deposit, the frequency of deposits you make and just gamble as little as possible.

    Btw the best deal is to only gamble for fun. Look at gambling like a commision you have to pay to play games. Never chase to win jackpot or increase your deposited amount. Just chill, relax and get some fun. Personally, I get fun from playing live casinos, it's a great experience when you play blackjack and interact with dealers at the same time.
    legendary
    Activity: 3108
    Merit: 1290
    Leading Crypto Sports Betting & Casino Platform
    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.
    Well, if all gamblers know when to take a break from gambling when they feel luck is not there, most likely there will be no gamblers end up penniless and homeless just because they keep on chasing for a big win. Because what is happening today is exactly the opposite. Instead of cutting their losses when they see there’s no chances to be lucky, they even push theirselves to gamble more hoping that they will still be profitable in the end. That is rare to happen as the casino’s house will always make sure to make them more profitable while leaving most of the gamblers at loss.
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