Winning Wisely: Strategies to Protect Your Bankroll - page 15.

bitzizzix

sr. member

Activity: 2366

Merit: 448

SOL.BIOKRIPT.COM

Quote from: raybucks on October 09, 2023, 06:56:59 AM

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

I always apply this when luck is on my side, even if it's just a little luck. I just play for fun and do it in my spare time, especially on the weekends when I'm stressed from five days of work, and I also just bet a few dollars and sometimes get lucky and walk away.
and when I lose a few dollars I always prepare capital consistently, when the capital runs out I don't continue and bet according to the capital I always prepare and don't increase it when I always lose. And all because I learned from the past not to continue betting when experiencing a fairly large losing streak, and regret it.

Cantsay

hero member

Activity: 700

Merit: 541

Bitcoin Casino Est. 2013

This is a little better than other threads/guides that have been created, talking about how to go through a gambling session without having to experience any losses on games that are based on luck.

Quote from: raybucks on October 09, 2023, 06:56:59 AM

I have created a pdf of this rule for me which I am sharing with you. I hope you find it useful.

How about you create a blog site and add it there? You could just make it into several blogs and post it there because most people might be skeptical about downloading a pdf from an unsecured source so just make the content open for everyone to view without downloading it.

Quote

Act promptly if your emotions start influencing your decisions. Both excessive fear and greed pose significant risks.

If I’m to summarize this post I would simply say; don’t be greedy, learn how to control your emotions, know when to call it a day, don’t chase losses, have basic knowledge of the game you’re playing don’t just go in without any knowledge…

Gozie51

hero member

Activity: 2520

Merit: 624

Quote from: raybucks on October 09, 2023, 06:56:59 AM

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.

coin-investor

hero member

Activity: 2856

Merit: 578

Leading Crypto Sports Betting & Casino Platform

Quote from: raybucks on October 09, 2023, 06:56:59 AM

I have created a pdf of this rule for me which I am sharing with you. I hope you find it useful.

So how is your success rate following these rules are you reading these daily or memorizing them?
Honestly, there is no such thing as a perfect gambler even if you cultivate your character and discipline yourself you will come to a point where you relax and follow your instinct even if you're losing, it's hard to contain your desire, and passion when you're in the middle of wanting to stop and wanting to go on, sometimes the want to go wins.

Quote

Act promptly if your emotions start influencing your decisions. Both excessive fear and greed pose significant risks.

Not really easy especially if you're winning, you sometimes think of the money you've lost and you think that it's the right time to recover and most of the time end up not on what you expect to end, anyone can compile a list of what to do but it's very challenging to follow all that's on the list, we are just human.

swogerino

legendary

Activity: 3136

Merit: 1233

Quote from: Wapfika on October 09, 2023, 07:21:32 AM

Quote from: raybucks on October 09, 2023, 06:56:59 AM

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.

That word "consider" is a really nice one as most of us do not think about anything else when we are playing and losing money that we only want to continue playing getting that bigger win which will make all those lost bets a memory.The reality though is at least in personal experience that any time I try to do that I keep losing all the balance.Last week I entered with an idea to play just 300.000 IDR in total no matter what would happen and I choose Sweet Bonanza as my beloved slot,I got to win and got to IDR 2.500.000 and after that greed got the best out of me and lost it all.

I will make sure to put that in my desktop when playing that golden rule above.

Wapfika

hero member

Activity: 1288

Merit: 564

Bitcoin makes the world go 🔃

Quote from: raybucks on October 09, 2023, 06:56:59 AM

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.

Oshosondy

legendary

Activity: 1414

Merit: 1118

...gambling responsibly. Do not be addicted.

Quote from: raybucks on October 09, 2023, 06:56:59 AM

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

If you have won too, it is good to stop gambling because the day that has been going good could be ended in losses.

Quote from: raybucks on October 09, 2023, 06:56:59 AM

Don't push your luck beyond the maximum acceptable losing streak. Waiting too long often results in significant losses.

Yes this is the time to lose more. Some people will become very emotional and lose all their money in bank or on a wallet.

What I did that has been so helpful is the gambling budget that I set which is 5% or less of my weekly income. It has been helping and the reason I have been reiterating it on this forum.

Hatchy

sr. member

Activity: 336

Merit: 365

The Alliance Of Bitcointalk Translators - ENG>PID

Another one of same repeated topics here in gambling section. I think a lot of users keep spamming this board with repeated topics.

Nevertheless, all the points mentioned above are essential guidelines to follow when entering the world of betting. Luck, managing risks, practicing self-control, setting limits on your bets, and avoiding addiction all play vital roles in betting or gambling. It's important not to rely solely on winning because there are no guarantees, and this is where luck becomes a factor.

raybucks

jr. member

Activity: 102

Merit: 1

I have created a pdf of this rule for me which I am sharing with you. I hope you find it useful.

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.
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.
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.

Act promptly if your emotions start influencing your decisions. Both excessive fear and greed pose significant risks.

Topic: Winning Wisely: Strategies to Protect Your Bankroll - page 15. (Read 1799 times)