Topic: Winning Wisely: Strategies to Protect Your Bankroll - page 4. (Read 1790 times)

Agree with you, there is no wise and winning game and in my opinion luck is something we are not sure about, and being wise is how we can manage well and precisely when playing gambling, for example when we bet on football, how do we do it? are we wise in betting by limiting money? what will we bet there or just use the remaining money in our wallet.

If we know our limits and the extent to how we should go when gambling, then we will be able to do the right thing as long as we are not being emotional about our actions as well, it's not a must that we must get all our bankroll exhausted during a one time bet in a day, when we see that luck is not coming, it's a wise decision to quit for another day to come and continue gambling when all things are well set.

My number one and most important strategy to winning wisely is to know when to quit for the day. I have seen people who gambled and won huge at certain points in the game but were not wise enough to go with the amount they've gotten and while they played to accumulate more, their luck went off and they lost more than they started with. Because they felt it was possible to get back their lost funds, they continued the gamble and eventually lost all the fund because they didn't play wise enough to stop while it was all going well.

I know it's not easy to know the right time to quit for the day but once you start feeling unsure of your prediction on a regular, it should send a strong signal that it's time to quit.

If you can`t get stable profit from the gambling it doesn`t mean that others can`t do it. Now i bet mostly for emotions and still have stable profit every month. It is small enough, but i don`t spend much time for it and it isn`t necessary for me to get big profit from gambling.
Of course it doesn`t mean that everybody can do the same - everybody differs from other people and i don`t recommend to try get main income from gambling. I just say that it is possible to win regularly.

My number one and most important strategy to winning wisely is to know when to quit for the day. I have seen people who gambled and won huge at certain points in the game but were not wise enough to go with the amount they've gotten and while they played to accumulate more, their luck went off and they lost more than they started with. Because they felt it was possible to get back their lost funds, they continued the gamble and eventually lost all the fund because they didn't play wise enough to stop while it was all going well.

I know it's not easy to know the right time to quit for the day but once you start feeling unsure of your prediction on a regular, it should send a strong signal that it's time to quit.

It is normal that many people want to make gambling their source of income. But they should be able to see what happens to people who want to do it because they only experience defeat rather than winning.
It is difficult to use gambling as a source of income even though we try as hard as we can. We must have self-control when it comes to gambling.
And we also have to protect the balance in our gambling account by always placing restrictions on gambling.
Only then can they enjoy gambling and can prevent themselves from losing more.

Only a few could really be able to make money with gambling on a point on which they could really be able to sustain themselves on doing so and this is where most gamblers are really that aiming for on which they could be able to make money with gambling and taking it as their main source. For some side income then it isnt really still that something that could be solidly considered knowing about the risks and it is really just really truly for fun. It is really just that there are people who do really anticipate for things to happen even if its really that impossible. There might be those people who do able to sustain on betting or making gambling but only a few could be able to do that. This is why it would really be always better that you shouldn't really be molding up that kind of idea
into your mind which we know that it would really be just that pushing you to play further and trying out to achieve on what you do have in mind.

Clearly, many people want to make gambling their steady source of income, but this is a risky goal. It is a difficult idea to think that gambling can go from being a fun hobby to a steady source of income. Its a difficult task because of the risks involved and the fact that the results are hard to predict.

Your point of view emphasizes the psychological side of gambling, where people keep going because they want to win, even if they know they probably wont. Smart advice to be careful not to have such high hopes is given. It makes sense and is necessary to approach gambling with the knowledge that its mostly for fun and not a surefire way to make money.

Nice comment... there is no "wise" playing & winning when it comes to lucky-based games. It's just playing and if we are lucky we will hit something nice. But when it comes to poker and sports betting we can say that many things depend on our "wise" choices!

Anyway, the old but gold is "Look before you leap". Some things are easy to say, but only when we get into the fire we can see whether we are built for that or not.

If a "gambler" exclusively plays casino games like Slots, Roulette, and dice games like Craps, then he/she should have the responsibility for himself to DYOR and know that he should be playing these games for entertainment. But if a gambler wants gambling to be some sort of additional income or a "side-job", then he/she should play games that would sometimes give im/her an edge in some situations. According to my DYOR, those games are BlackJack, Poker, and Sports Betting.

BUT, like Day Trading, I believe there should be a point in your journey that if you are not smart enough to beat the other players/the house in BlackJack, Poker, and Sports Betting, accept it early and look for another source of side-income.

There will always be debates both offline and online whether it is gamblers who consider gambling as entertainment and gamblers who chase wealth, sometimes gamblers who chase victory are always confident that they can beat the dealer, but in fact it doesn't take long for casinos and dealers to make them poor. short time, it is difficult to advise naive people because their minds are very different from gamblers who are just looking for fun, and even when they are old they will not listen.

I think they have to know a lot and even experience a lot of defeats to understand that gambling is not a place where we can get wealth easily let alone make it a source of permanent income, obviously that is impossible to do because what I know is that gambling is just entertainment that can provide The user's pleasure is not just money and wealth.

But people are so naive and I hear some of them arguing offline on this as though it's possible if they put more effort. This is the effort they would put in it till they are old as no one can defeat gambling the way they think but to just have fun through it and also earn as much or as little as they can.

Clearly, many people want to make gambling their steady source of income, but this is a risky goal. It is a difficult idea to think that gambling can go from being a fun hobby to a steady source of income. Its a difficult task because of the risks involved and the fact that the results are hard to predict.

Your point of view emphasizes the psychological side of gambling, where people keep going because they want to win, even if they know they probably wont. Smart advice to be careful not to have such high hopes is given. It makes sense and is necessary to approach gambling with the knowledge that its mostly for fun and not a surefire way to make money.

Only a few could really be able to make money with gambling on a point on which they could really be able to sustain themselves on doing so and this is where most gamblers are really that aiming for on which they could be able to make money with gambling and taking it as their main source. For some side income then it isnt really still that something that could be solidly considered knowing about the risks and it is really just really truly for fun. It is really just that there are people who do really anticipate for things to happen even if its really that impossible. There might be those people who do able to sustain on betting or making gambling but only a few could be able to do that. This is why it would really be always better that you shouldn't really be molding up that kind of idea
into your mind which we know that it would really be just that pushing you to play further and trying out to achieve on what you do have in mind.

Getting rich from gambling is difficult, but there are lots of gamblers who use gambling as place to make profits with the aim of having a side income.
This kind of incident is the wrong approach in gambling because they do not get profits but series of losses.

Even though we know that each gambler perception of gambling is different, the group of gamblers with the aim of making profits as source of additional income has the largest percentage compared to gamblers who are just having fun and looking for entertainment.

Most gamblers do get satisfied even with small wins as long as they are not losing anything, and big wins are bonuses because they are very rare to get, and those who get them become cheerful, of course.

Only some gamblers actually aim to get rich through it, most gamblers only look for a specific amount of profit with whatever their bankroll is. If the bankroll is $200, they will be pretty happy if they manage to get 50% of it as profits which is $100. Some even gamble just for the entertainment part, and they don't aim for profits even though they don't want to lose their capital so that they can gamble for as long as possible with it. So, it's different people with different perspectives and percentages about gambling.

I have an opportunity to choose what goal i want. I`m in sport betting and sometimes poker - types of gambling, where i can choose something, where not all depends on luck. In sport betting it was easy enough to make 2-3 bets per day with odds between 2 and 3. I`ve got stable profit about $800 per month. The income from my main job was higher and i had to spend much time for the gambling that`s why i stopped.
So now i know that i can get stable profit from the gambling but i don`t need it and can afford gambling for fun. But anyway i like to win, but it doesn`t mean that i will try myself to win everytime, or willn`t stop until win.

The main goal is to get profit. Of course it is nice to get big prize, but i`d prefer stable winning with small odds.

Everybody chooses their own way to victory, but all of them have the one goal - to become rich.

You can't become rich using small odds, unless you risk higher amount, it's also not a good plan to become rich using gambling, safe your mental health and face the reality of life, I was enjoying your reply until I read where you said "everybody chooses their own way to victory but all of them have the one goal" , the truth is many people choose the most stupid way to victory and only one or two become lucky through that same path.

Some people rely so much on gambling and they lose focus on things that can really change their lives for the better, gambling to have some slimmest luck is different from working hard and smartly investing your money that will one day grow big, it's a long journey but it's less detrimental to your health and life.

If you are using small amount of money to gamble, you are doing so to limit your risks and at the same time it means you won't be winning a huge amount of money, if this is fine by you then you should continue, but if your goal is to get rich by gambling you will one day start using big amount of money, maybe it's because you are earning less money that's the real reason you are using small amount to gamble.

  We should note that betting can’t go in our favors at all time, there are days when you be on winning streaks and you might feel you finally cracked the code of the house, when these winnings are coming it is advised to play safe, take out your profits if necessary then leave the capital because  when the house have your time and luck is not all your side you will encounter losses and feel like maybe the world us crumbling on you.  Winnings is fun, when the losses come which will eventually come there’s no need being sad or making a fuss about your loss. For newbies looking at starting a career in gambling be well assure they are losses and when they come you need to be ready to take them. This is why it is good to play with a budget so that you can cut down your level of gambling and when you feel the losses are getting too much than the win shut down for some time, go back and re-strategies. Take a break from gambling so that when you step back in it will be a whole different challenge.
  Gambling is now one of the most popular forms of entertainment for young people currently and it’s easy assessment makes it’s even more appealing, now people can now open betting site with ease. The same it easy join it also easy to loss your money too as well if you don’t play responsibly. Like you said chasing losses will do you no good know when to give it a pause when the losses are getting too much. And when the winnings come take your profits save them up somewhere else so that you won’t be tempted to stake with all of them.