Topic: Winning Wisely: Strategies to Protect Your Bankroll - page 14. (Read 1799 times)

Some of your advice are very general and not telling us anything that we can use. I feel like you've made them to have something to write about.


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?

I thought I was to pause when I lose a few times, but now you say I should first reach the maximum losing streak before I stop?



If I ever waited to reach 24L in a row, I'd be broke by now.
Even if someone follows your advice and quits after max losing streak, he'll lose a lot of money at that 24L streak. You haven't saved that person with this advice. 24L in a row is game over, even if you bet $1 per round. If someone uses Martingale and gets that, they're screwed.

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.

But its rather unfortunate that gambling is so designed in our minds in such a manner that once we start gambling, we easily forget all of this rules, the only thing usually in the mind of the gambler is nothing else but how to win the game.

Based on what I said above, what i do think is the golden rule, and will continue to be the golden rule in gambling is, Never to gamble with money one can not afford to lose. its as simple as this, because no matter what strategy we come up with in gambling, there surly will always be wins and loses, and losses can sure become a big problem for the gambler when the money lost is one the gambler never planned losing.

So no matter the rules we all follow or apply to our day to day gambling, we should never forget the golden rule which again, Never gamble with money you can not afford to lose.

You are right, and that's where many gamblers fail. According to the theory what explains why the martingale doesn't work, you can always continue betting when you win (there is no limit), but that's not the case when you lose (there is a very clear floor: the bankruptcy).

If you quit when you lost enough, but keep gambling when you won big, until you lose it, you'll never really win. And it will happen, sooner or later, because of the effect called regression to the mean.

Words like smart & wise are hard to combine with gambling... We all know that old saying that the only way to win in gambling is to not place a bet, everything else is just gambling and can take us both ways. So it's on us to try out different strategies, it's smart & wise to risk only what we can afford to lose and to stop if things get crazy, but all that is hard when we start playing and excitement overcomes us.

I don't think it's smart to take gambling too seriously and to expect too much from it... sooner or later you will be disappointed. I guess this especially works with lucky-based games. With poker and sports betting things are different, but even that can be tricky when a bad streak comes.

Talking about skills take for instance in soccer, luck is well pronounced in it. I watched Arsenal and Manchester city game yesterday and I saw how it went, causing many gamblers that predicted on the side of mancity to lose their bet. That is the point of luck in gambling.

If skills is most important in betting especially in soccer, it means almost every soccer pundits would then be winning their bets week in and week out. They could go together but on a more serious note we have seen big teams loosing against underdogs and that doesn't have a place of skill in that.

None of these repetitive threads matter if the gambler won't even do the slightest effort to make sure that they are practicing what they preach. It's a mentality thing, and even if you have laid down your 'strategies' neatly and used colorful words to attract other gamblers to do the same as you, your efforts are wasted if you keep getting defeated by your mentality that you can do this thing without trying at the least to do it.

I'd rather play without a plan but know when to stop rather than play with a concrete plan and ditch them out just because I believe I can win the next roll.

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,  because it is 50% of 100k which is very reasonable amount. to disturb the psychology of the player and make him lose by playing more games in greed of making it 2x.

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.

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.

Not really new, we all know these things but I doubt if OP memorizes this and put it in his heart while playing, everything goes to the window when you are carried away playing, let's be honest with ourselves we cannot implement every rule we laid out that we consider are safe for us to be responsible gambler we can only give effort until our effort accumulate and we become a responsible gambler.

But even if we think we are responsible gamblers there will always be a time that we lose control of ourselves, I'm not perfect and I don't think anyone can claim he is a perfect gambler, we can only try our best, and hope our best is enough to control our impulsiveness.

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.

The summary should be that, we are the ones to be responsible for our bankroll circumstances and not the casinos because if we didn't grant the permission for anything, there will be nothing to see come to effect, let the amount you can afford to gamble with be your deposit, then try as much as possible to make sure that you provide all the necessary informations for your KYC requirements in using their platform, have a daily limit to betting amount and withdrawal strategy as well.

Well, one way to manage emotions when it comes to gambling is to set limits for yourself. Decide ahead of time how much money you're willing to spend and how much time you're willing to spend gambling. And it's not only about setting the limit and time but sticking to those limits is more important than necessary, even if you're feeling greedy or afraid. Some time it is also necessary to take regular breaks from gambling, so you can clear your head and make decisions based on logic rather than emotion though it is difficult to separate emotion from gambling.

In case you are lucky enough to win on a regular basis, make sure to set aside a portion of your winnings for other purposes, like paying bills or saving for the future gambling. Again, despite your winning streaks, gambling is not a source of income and you should not rely on it to survive.

Have been a victim of the excessive push of lock in days where i feel my luck is on the high spirited, this happens to me mostly in sportbetting, some days i make multiple games selections and I become lucky to win a substantial amount in the process, instead taking a break, I decided to play more and in that process, o eventually will lose and it I don't stop may lose everything I won in previous bets.
This experience has taught me some lessons and now I will never consider chasing any direction in gambling be it winning or chasing loss, this has created more cius than it helps the time and for any experienced gambler already knows this and tries to avoid practising  such approach in gambling because it won't help

I think what you mentioned here is something we experience everyday while playing the games on gambling site. The loosing streak? Oh hell yeah it’s gonna hit hard now and then all the time. I have experienced it many times and turned off gambling for few days in the frustration so that I can calm myself from the bad experience further. There are no such proven methods to beat the system so it’s better to play with integrity, fun and few personal strategies now and then. I mean House edge will act on everyone with different set of rules. One account might be earning hell lot of money and one might be loosing at an alarming rates and thus House edge will try to give back to loosing account for some streak ahead. But let’s not make a big deal out of it. Gamblings sites are fool proof, no way to beat them. Just play and have fun along the way.

I noticed this he didn't add after writing his multiple rules. Although, his reactions to that is not stated, memorizing lists of rules, may not be the catalyst of enforcing those rules or abiding by it while gambling. Strategies should be personal. If he wishes to share them, with other players, it's not necessary we follow it. Because we're not sure 100% that what he stated or shared with us is what he really does. The truth is that successful players, professional gamblers hide their strategies. It's left for any other player, to figure out what works. Then implement them into practice. It could be just few sentences, when written down that'll be easy to memorize. We win according to our losses. Most times I fail my instinct and end up not winning. And vice versa. No perfect right technique. We must adjust our moves consistently to stay winning than losing. Perfecting a technique and tagging it as the ultimate gambling technique, is wrong. It'll create losses to multiple players, who utilize same strategy. Gambling is a game of changes, the house change their techniques often, so should players. Hence, following another player's rule can be wrong. But, in some cases like a physical casino, the person sitting next to you can chip in accurate prediction. Yet, the problem lies on if the player will listen to their neighbor. This example explains better why people may not rely on rules. As it doesn't seem right with their own idea and prediction. It's like telling or advising people how to spend their funds. I've read about players who don't care whether they win or lose. I don't think any gambling technique will interest them. That's human like you said. Ideas and behaviors don't exactly match. Expect to see different reactions on the gambling experience of those following your techniques. Which shows the vast difference or uniqueness in the operation of casinos and players on a single technique. A machine in one casino may not perform like others in another casino. If a player gets advantage winning by playing bad machines, and shares it as his technique. Would it be useful to a player who plays in a casino with good machines. He'll have to wait until a bad machine shows up.

None of the information that you shared isn't exactly new op since it's all common sense and almost anyone with a half-decent brain knows it all. Gambling sites themselves share some of these guidelines now and then.

What you need to understand is the fact that most gamblers will always toss the rules aside thanks to their unending greed.

Among everything else mentioned, I think this part plays a very important role in gambling as it affects the decision-making process, which might in turn make one take a very bad decision that can turn out to be a negative gambling result. If one can learn how to control their emotions, then I think everything else can be followed, as they can be simple to obey.
 
The joy that comes with winning a ticket, especially when the winning price is high, can literally take someone to another level, which can make them think that all tickets can have the same result and it's their time to shine that very day. They might end up continuously betting, which might result in losing the entire price that very day, added together with their deposited amount.
 
It can also happen the same way when it comes to losing too. One can get very angry to the extent that they will just have to keep on trying to make sure that they can recover a few amounts from what they have lost that very day, which they might just end up losing more of. So if one can be able to overcome sad emotions and don't allow them to affect their decision, then they can survive the gambling system.

yes, that would be better. a blog site would do. there are so many free sites now that you can use like wordpress.
those tips are simple and not new. however, gamblers need to be reminded of those simple things as most of the time, they can easily lose their way once they are too deep with their games.
if those tips are in some way assisting the OP not to be financially in trouble, then, it means, such tips are working for him and he needs to keep reminding himself about those tips.

Reading each point in the thread and thinking deeply about it gave me useful advice, I agree with every point written in the OP
it's like a model for playing responsibly when you can't control your emotions when losing consistently every bet.

This thread is worth making a website about it or starting a blog about it. an article explaining each point is a good idea to start a blog