Bankroll isn't the key factor for discipline, it is the stubbornness of not using the funds from their bank account if they busted their casino balance while gambling for a certain period, let's say for a month until you get back to spending funds credited in your bank account in next salary cycle.
I won't suggest using 10% of salary as bankroll for gambling and definitely not even a penny for someone who earns low income let's say $500.
Topic: You'll be a discipline gambler in sports if you have a real bankroll. - page 7. (Read 1161 times)
January 13, 2024, 03:05:03 PM
January 13, 2024, 02:59:40 PM
You have to be very discipline when you are trying to make something out of gambling be it sport betting or any other betting, yes there is a legit argument that gambling is a game of luck but this shouldn't take away the fact that your chances of winning are higher when you actually study the game and make smart choices.
I see people who drink and even get drunk only to participate in gambling, thats a very bad state to be in while gambling, you tend to lose more because you are playing without a good mindset to control your emotions. Gambling can be fun but it is still serious.
I see people who drink and even get drunk only to participate in gambling, thats a very bad state to be in while gambling, you tend to lose more because you are playing without a good mindset to control your emotions. Gambling can be fun but it is still serious.
January 13, 2024, 02:59:26 PM
I've learned to make a bankroll for every championship I bet on
When a championship starts, for example the Champions League, I set my bankroll, and that amount is the only one available to bet on that championship. If the money runs out, it's because I've failed and I don't put any more money in to make up for the loss (but it's never happened that I've run out of bankroll)
But it's worked out very well, I manage to organize myself better this way
I always know my balance in each championship, even if the balance in the broker can't be divided.
That way I can see in which championship I get the most good bets, if I need to change anything in my bets, etc.
It works very well, I recommend everyone to do the same
If you have any questions, just ask
When a championship starts, for example the Champions League, I set my bankroll, and that amount is the only one available to bet on that championship. If the money runs out, it's because I've failed and I don't put any more money in to make up for the loss (but it's never happened that I've run out of bankroll)
But it's worked out very well, I manage to organize myself better this way
I always know my balance in each championship, even if the balance in the broker can't be divided.
That way I can see in which championship I get the most good bets, if I need to change anything in my bets, etc.
It works very well, I recommend everyone to do the same
If you have any questions, just ask
January 13, 2024, 02:56:19 PM
According to this article, it is unwise to gamble more than 1% of your income monthly. So for a person earning $500 per month, the ideal amount you’re supposed to put aside for gambling is $5. I doubt many gamblers follow this advice. It seems impractical, how many games can one stake in a month with such small amounts?
Oh, come on! What kind of fun is that? Gambling is supposed to be thrilling, not penny-pinching and you might as well stay home instead of hitting the casino if you're just going to play it safe.
But hey, going wild isn't for everyone. And there's nothing wrong with playing the odds if thats your thing. Either way know your limits. Because at the end of the day, it's your money on the line. Still, it couldn't hurt to let your hair down once in awhile. Grab life by the horns, right? Just don't bet the farm.
January 13, 2024, 02:50:01 PM
So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?
In my opinion there isn't any other alternatives besides sticking to a 50$ monthly budget for gambling, considering your example where the total income is 500$. Actually, 50$ or 10% from monthly wage is already a pretty high sum of money for gambling reasons, but let's consider that is the only entertainment activity this person has on his repertoire, so it's fine...The point is the gambler can't give himself the luxury of wishing to spend more than that to gamble in a monthly basis. If the other 90% of total income isn't meant to be spent with gambling, why would someone consciously do that? Unless they are completely out of their minds, I don't see a good reason to justify that.
To chase losses, to hit a big prize, to win money to pay bills or pay for basic needs can't be considered good reasons to spend more money gambling than you should, because the chances are against you the more you play. So it's unlikely you are going to achieve such objectives through gambling. Better to focus your money and time in something more reliable, if the primarily goal is to make extra money for your needs.
January 13, 2024, 02:49:29 PM
No risk=no reward. Gotta go balls to the wall and get your money back IMO lol. Truth is, most aren't going to be disciplined, they're going to lose it all in 1 day or win big to lose the next day.
And this what makes gambling industry becomes that too profitable because of this kind of common behavior of gamblers on which they wont really be stopping themselves on playing until they would be able to win or would be busting up all the money they do have. If you do lose then you would be chasing up for losses, if you do win then you would be continuing
to play on which you do believe that you could really be still be able to win up until you would be realizing something that its not worth on continuing on which in the end then you do end up
on losing it all back again into the house and this is something a very normal or common scenario into this gambling field. People just cant realize it before its too late.
January 13, 2024, 02:43:49 PM
Indeed, when it comes to gambling... Anyone is free to enter the world of gambling, regardless of whether someone is rich or poor. However, it needs to be emphasized that this gambling is not a place to multiply money and make a profit, because this gambling is created for fun. But, whether you believe it or not, the majority of gamblers are financially weak, they gamble with the aim of seeking profit and luck in the hope that winning can change their financial condition.
So my advice, if you are financially weak and your income is still minimal, don't gamble too often, because gambling will only result in losses, especially if you don't have good self-control skills. And if you still have needs that have not been met, then fulfill those needs first, instead of using that little money to bet on gambling where the results are uncertain. It's not that you can't gamble, but you have to prioritize things that are more important than just gambling.
So my advice, if you are financially weak and your income is still minimal, don't gamble too often, because gambling will only result in losses, especially if you don't have good self-control skills. And if you still have needs that have not been met, then fulfill those needs first, instead of using that little money to bet on gambling where the results are uncertain. It's not that you can't gamble, but you have to prioritize things that are more important than just gambling.
January 13, 2024, 02:33:45 PM
Do you believe that you will be more disciplined in sports betting if you have a dedicated bankroll?
According to the article I read, when you gamble without a proper bankroll, you are likely to make mistakes. One of the main errors is chasing losses because you are using money not intended for gambling, such as funds meant for paying bills and rent.
Let's consider an example:
Suppose you have a monthly salary of $500, and you can only afford to gamble $50, which is 10% of your salary. This $50 should ideally last for one month of gambling. However, if you don't treat it as your bankroll and believe you can replenish it from your salary when you lose, you are likely to lose focus. This may lead you to use funds that are meant for your basic needs.
So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?
A must thing to be done by a certain gambler on which when it comes to bankroll then it is really just that normal that you should really be allocating on the amount on which you can afford to lose.According to the article I read, when you gamble without a proper bankroll, you are likely to make mistakes. One of the main errors is chasing losses because you are using money not intended for gambling, such as funds meant for paying bills and rent.
Let's consider an example:
Suppose you have a monthly salary of $500, and you can only afford to gamble $50, which is 10% of your salary. This $50 should ideally last for one month of gambling. However, if you don't treat it as your bankroll and believe you can replenish it from your salary when you lose, you are likely to lose focus. This may lead you to use funds that are meant for your basic needs.
So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?
Never ever consider on taking up some additional add up on the time that you would really be losing because if you do then you are really that just simply putting yourself on such big trouble. This is why it would be always best that you should really be knowing about on having limitation or simply having that moderation because this is where people do usually fail on the time that they would really be having those kind of
actions made through gambling. Real bankroll? always set limitations and dont go overboard and you should really be just fine.
People would really be ending up on messing their lives through gambling because of too much expectation or too much positivity towards gambling without even trying out to
see the risks involved into it on which they do really fail on looking at since from the beginning or start, this is why it would be best that you should
really know on where your limit is.
January 13, 2024, 02:26:13 PM
According to this article, it is unwise to gamble more than 1% of your income monthly. So for a person earning $500 per month, the ideal amount you’re supposed to put aside for gambling is $5. I doubt many gamblers follow this advice. It seems impractical, how many games can one stake in a month with such small amounts?
https://gamblingguidelines.ca/lower-risk-gambling-guidelines/what-are-the-guidelines/
https://gamblingguidelines.ca/lower-risk-gambling-guidelines/what-are-the-guidelines/
January 13, 2024, 01:58:24 PM
Do you believe that you will be more disciplined in sports betting if you have a dedicated bankroll?
According to the article I read, when you gamble without a proper bankroll, you are likely to make mistakes. One of the main errors is chasing losses because you are using money not intended for gambling, such as funds meant for paying bills and rent.
Let's consider an example:
Suppose you have a monthly salary of $500, and you can only afford to gamble $50, which is 10% of your salary. This $50 should ideally last for one month of gambling. However, if you don't treat it as your bankroll and believe you can replenish it from your salary when you lose, you are likely to lose focus. This may lead you to use funds that are meant for your basic needs.
So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?
No risk=no reward. Gotta go balls to the wall and get your money back IMO lol. Truth is, most aren't going to be disciplined, they're going to lose it all in 1 day or win big to lose the next day. According to the article I read, when you gamble without a proper bankroll, you are likely to make mistakes. One of the main errors is chasing losses because you are using money not intended for gambling, such as funds meant for paying bills and rent.
Let's consider an example:
Suppose you have a monthly salary of $500, and you can only afford to gamble $50, which is 10% of your salary. This $50 should ideally last for one month of gambling. However, if you don't treat it as your bankroll and believe you can replenish it from your salary when you lose, you are likely to lose focus. This may lead you to use funds that are meant for your basic needs.
So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?
January 13, 2024, 01:45:45 PM
So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?
If this is the only amount that you can come out as your bankroll, and adding more will affect your finances then you have to deal with it, you should not add more than what you can afford because doing so would make you break the cardinal rule in gambling and that is only playing with money that you can afford to lose, if you cannot manage your bankroll properly then its a sign that you have no control on how you gamble.
It is also a sign that gambling is going on in your head, and you cannot discipline your addiction, it will harm your finances and your relationship with your family, so to avoid this manage your bankroll properly and you are good to go.
January 13, 2024, 12:41:37 PM
Do you believe that you will be more disciplined in sports betting if you have a dedicated bankroll?
According to the article I read, when you gamble without a proper bankroll, you are likely to make mistakes. One of the main errors is chasing losses because you are using money not intended for gambling, such as funds meant for paying bills and rent.
Let's consider an example:
Suppose you have a monthly salary of $500, and you can only afford to gamble $50, which is 10% of your salary. This $50 should ideally last for one month of gambling. However, if you don't treat it as your bankroll and believe you can replenish it from your salary when you lose, you are likely to lose focus. This may lead you to use funds that are meant for your basic needs.
So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?
According to the article I read, when you gamble without a proper bankroll, you are likely to make mistakes. One of the main errors is chasing losses because you are using money not intended for gambling, such as funds meant for paying bills and rent.
Let's consider an example:
Suppose you have a monthly salary of $500, and you can only afford to gamble $50, which is 10% of your salary. This $50 should ideally last for one month of gambling. However, if you don't treat it as your bankroll and believe you can replenish it from your salary when you lose, you are likely to lose focus. This may lead you to use funds that are meant for your basic needs.
So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?
I think it's up to the individual. Bankroll or not people always tend to chase losses no matter what their stack is. It's a physiological thing. Stay within the bounds of what you normally bet and small or large bankroll the results should tend to be the same.
January 13, 2024, 12:31:53 PM
Do you believe that you will be more disciplined in sports betting if you have a dedicated bankroll?
I don't think so!
If I don't have enough money to lose on a bet, I would hardly invest more money to try to recover what was lost.
Think about it this way... even if the person has a reserved balance of $50 for the game, when that money runs out, won't they spend another $20, $50 or $100 on top of that amount to play? If she does this, she will have to recover the loss in the same way.
So, a person who is undisciplined, even if they have an amount to spend, will not be able to limit themselves and control their spending.
The secret of not getting into debt is not whether or not you have money, it is the player's discipline and awareness in making responsible bets.
January 13, 2024, 12:24:49 PM
Yeah I mean this is how I actually approach all forms of gambling. If and when I go to an in person casino and won't be doing any sort of sports betting at all, I will normally take out a specific amount of cash from my bank account and my deal to myself is I'm able to blow all of it, but if I win a bunch, then I will normally save half of that and try and gamble to win more with the other half.
Just how I got about it anyhow.
Just how I got about it anyhow.
January 13, 2024, 11:53:50 AM
So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?
Depends on the individual I guess. You might have that bankroll in mind to play with for the whole month but having just a good bankroll isn't enough if you'll be caught on emotions in the middle of the game. To be a disciplined gambler is to discipline your psychological capacity first then bankroll comes next.When a gambler finds a team that looks very superior based on the odds, he may bet all $50 to win $10 and if the result is very unlucky, bankroll is over. But for a superior team, less risky. But because he has to exercise discipline with the limited bankroll, he will not go all in with the whole $50, he may just bet $5 to $10.
With such a budget, he will also wager a small amount to profit a fraction. That's the compromise in being disciplined. He'll just need to be consistent in winning bets.
January 13, 2024, 10:23:41 AM
Having a set amount, like $50, for your monthly gambling keeps you on track. It prevents you from dipping into money meant for bills or rent, helping you stay disciplined and avoid chasing losses. Stick to your bankroll to keep it fun and responsible.
In some country in the world that $50 of yours is big enough for gambling cause here in my country $50 is is about 2kphp which is too big for gambling and for me if I got $50 then that will consume almost how many days or even weeks. Cause that will enough as a bankroll. But also If we have a lot of money then that $50 is too small. All I can say for fore gamblers who are truly risk their money then good luck to all of you.
January 13, 2024, 10:00:14 AM
So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?
Depends on the individual I guess. You might have that bankroll in mind to play with for the whole month but having just a good bankroll isn't enough if you'll be caught on emotions in the middle of the game. To be a disciplined gambler is to discipline your psychological capacity first then bankroll comes next. 
January 13, 2024, 09:57:51 AM
Having a specified amount of bankroll is already a discipline and if you would be able to not cross the line on the numbers, then for sure you won't be in regrets no matte what. Setting a limit to your bankroll is often characterized by the amount you can afford losing. Problem most of the time is allowing our greed to be the one to play for us which causes us huge loss. Losing will always have a higher tendency to take place than winning therefore being preventive of huge losses, could also be the key to profit. You won't win consistently and so do losing. If you will be maintaining the amount you bet and the amount you will dedicate for your bankroll, then things would be more efficient in your gambling experience.
You may be and you may also not because it's not easy to maintain a particular range to use for gambling from our bankroll, we are the ones that make this rule and will still be the same person to break it when we find out that we couldn't but help with nothing to continue with our gambling for the day while we are already on the limit range, the best idea is never to have an additional access to any financial means that goes beyond the stipulated bankroll we are using.
Its difficulty simply depends on your discipline, as being discussed in the topic. If you know to yourself that you will find it hard following such limit you set to yourself, then atleast try to not cross the 'numbers' and eventually it will be a habit of yours. We do get the point that this won't be in an instant given that we are more used of playing as long as there's money in our bankroll/accounts. Practice and make it consistent at least.
Do you believe that you will be more disciplined in sports betting if you have a dedicated bankroll?
You may be and you may also not because it's not easy to maintain a particular range to use for gambling from our bankroll, we are the ones that make this rule and will still be the same person to break it when we find out that we couldn't but help with nothing to continue with our gambling for the day while we are already on the limit range, the best idea is never to have an additional access to any financial means that goes beyond the stipulated bankroll we are using.
January 13, 2024, 09:55:49 AM
Having a set amount, like $50, for your monthly gambling keeps you on track. It prevents you from dipping into money meant for bills or rent, helping you stay disciplined and avoid chasing losses. Stick to your bankroll to keep it fun and responsible.
January 13, 2024, 09:55:27 AM
Everyone should be disciplined with their gambling budgets. It really depends on how you like to play. Some people could stretch 50$ for the month doing small parlays, while others would rather bet $50 on 1 game and just sweat the game for fun. Either way, you shouldn't gamble what you can't afford to lose.
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