Your betting budget - page 10. | Bitcointalksearch.org

johhnyUA

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Some one less out control with how much budget use for gambling because always motivate to put more fund in betting after several time loss, I know how many gambler not control emotion and try all in his budget to gambling and later will be disappointed why not stop early and have fund in his pocket, now they have loss all and need to find new way how to get fund and back to gambling again, this very bad for gambler and better stop it.

Exactly! Take merit from me! Grin

Willpower is the main problem of any "budgets": If you can't control yourself, you will for sure spend more money than your "budget". The good idea is to have complicated system of deposit funds (like i need to convert some crypto into another and after that to deposit it to the site) which will help to reduce such behavior

BITCOIN4X

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Some one less out control with how much budget use for gambling because always motivate to put more fund in betting after several time loss, I know how many gambler not control emotion and try all in his budget to gambling and later will be disappointed why not stop early and have fund in his pocket, now they have loss all and need to find new way how to get fund and back to gambling again, this very bad for gambler and better stop it.

This will largely depend on what the purpose of the gambling is. It shouldn't be a problem if gambling is done for fun and they don't have to spend a lot of money on it. But when winning is something he's after, therein lies the real problem. Actually I don't like to gamble just because I want to win, I have to get both side (win & lose) and have fun. Should all gambling addict blame gambling for making them lose control and money? I don't think so.

KTChampions

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Quote from: acquafredda on July 30, 2021, 09:40:20 AM

After the end of Euro2020 I am not really having a budget. I played mostly on every round during Euro2020 up to the final but now I do not know what to bet on. I never liked slots and such that much so I am in it for those. I am basically waiting for the major sports competition to come back to start placing my usual parlays. So, yes, I can definitely say that there is no budget at the moment.

It turns out that your bets on euro 2020 were unsuccessful for almost everything?
If you are looking for major competitions, now you have the opportunity to bet on the Olympics - there are a lot of sports and the best athletes in the world (except football) compete for medals.

pawanjain

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Quote from: acquafredda on July 30, 2021, 09:40:20 AM

After the end of Euro2020 I am not really having a budget. I played mostly on every round during Euro2020 up to the final but now I do not know what to bet on. I never liked slots and such that much so I am in it for those. I am basically waiting for the major sports competition to come back to start placing my usual parlays. So, yes, I can definitely say that there is no budget at the moment.

Have you ever tried betting on cryptocurrency prices ? It's actually fun to place those bets at the same time it gives me thrill as to which direction would swing.
Websites such as freebitco.in hosts such betting predictions. Try your luck. If you are good with analysis may be you can use your skills to get some quick buck as well.

acquafredda

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After the end of Euro2020 I am not really having a budget. I played mostly on every round during Euro2020 up to the final but now I do not know what to bet on. I never liked slots and such that much so I am in it for those. I am basically waiting for the major sports competition to come back to start placing my usual parlays. So, yes, I can definitely say that there is no budget at the moment.

Russlenat

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I am not an active gambler so I would mind budgeting too much when I do gamble, Whenever I am about to gamble I only use a small amount of money that I have and if it seems like my unlucky day and I lose continuously I will stop gambling and try again in some other day or if I have time.

There's no problem with using a small amount of money as long as you get the entertainment, the only purpose we gamble is to entertain ourselves and we have different ranges in terms of bet or bankroll. Some people feel nervous betting $100 in a certain game, but for some, it's just small money that will not thrill them, so it always depends on our financial situation and not everyone can gamble as not everyone has a good source of income.

Pamadar

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Quote from: tabas on July 30, 2021, 04:33:55 AM

Quote from: Rigon on July 28, 2021, 03:00:22 PM

Betting budgets depends on how would one spending time on betting and gambling. I frequently passing time with my gambling platform but not full time. So my gambling budgets obviously not enough .

As long as it's enough for you to call it a day that's already good enough for you even if your budget isn't that much. That's better to have insufficient budget and having a tight pocket so that you won't spend that much.
It's the problem of others that they're addressing and having hard time to limit themselves in budgeting themselves through gambling.

I see your point, maybe it's tempting to play more once your budget got empty,

But imagine if you have a huge amount of bankroll and you can't control your emotions and lose everything, more regrets will continue

to linger inside you as you let go the amount of money that isn't allocated for your gambling activities. Best to quit the day with small amount of loses just bring the experienced and enjoyment that's better.

johhnyUA

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Quote from: pawanjain on July 24, 2021, 08:16:11 AM

Speaking of the same how much % of your total income do you put into gambling ?

I described it few pages before in this topic. I don't have a direct % of my income on gambling. I have a exact amount (not more than 100 dollars) which i can put into poker or something like it. And i have zero amount for dice, slots and another such games, mostly because i don't like them

freedomgo

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Quote from: michellee on July 30, 2021, 05:33:43 AM

Quote from: tabas on July 30, 2021, 04:33:55 AM

Quote from: Rigon on July 28, 2021, 03:00:22 PM

Betting budgets depends on how would one spending time on betting and gambling. I frequently passing time with my gambling platform but not full time. So my gambling budgets obviously not enough .

As long as it's enough for you to call it a day that's already good enough for you even if your budget isn't that much. That's better to have insufficient budget and having a tight pocket so that you won't spend that much.
It's the problem of others that they're addressing and having hard time to limit themselves in budgeting themselves through gambling.

A gambler should know about enough and never break that because that will impact our funds. When he frequently passes the time in gambling games without setting the limit of funds, I am afraid that he can add more money to his account to continue playing gambling. If that happens many times, that will attract him to become addicted because he will feel hunger for playing gambling. But gambling will always seduce us to add more and more money without realizing it so it needs control.

You will certainly experience that if you don't have the discipline in gambling.

As a gambler, I also experience being addicted and it does not give you peace of mind as it will affect everything you do in life.
If you give gambling the biggest attention in your life of all you do, it will not gonna give you a comfortable feeling as if you win, you'll be too happy and if you lose, you'll be too sad as well. The real way to gamble is through business, not in gambling where we don't have an edge.

tabas

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Quote from: michellee on July 30, 2021, 05:33:43 AM

Quote from: tabas on July 30, 2021, 04:33:55 AM

Quote from: Rigon on July 28, 2021, 03:00:22 PM

Betting budgets depends on how would one spending time on betting and gambling. I frequently passing time with my gambling platform but not full time. So my gambling budgets obviously not enough .

As long as it's enough for you to call it a day that's already good enough for you even if your budget isn't that much. That's better to have insufficient budget and having a tight pocket so that you won't spend that much.
It's the problem of others that they're addressing and having hard time to limit themselves in budgeting themselves through gambling.

A gambler should know about enough and never break that because that will impact our funds. When he frequently passes the time in gambling games without setting the limit of funds, I am afraid that he can add more money to his account to continue playing gambling. If that happens many times, that will attract him to become addicted because he will feel hunger for playing gambling. But gambling will always seduce us to add more and more money without realizing it so it needs control.

A person who gambles without a proper budget management, he's going to be a broke gambler afterwards. It is why you have to gamble with a certain budget.
Even if you lose and you can attain to gamble with additional funds, that will still be depending how you're handling the decision and you're only going to do that if it's needed and you think that you're still in control.

michellee

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Quote from: tabas on July 30, 2021, 04:33:55 AM

Quote from: Rigon on July 28, 2021, 03:00:22 PM

Betting budgets depends on how would one spending time on betting and gambling. I frequently passing time with my gambling platform but not full time. So my gambling budgets obviously not enough .

As long as it's enough for you to call it a day that's already good enough for you even if your budget isn't that much. That's better to have insufficient budget and having a tight pocket so that you won't spend that much.
It's the problem of others that they're addressing and having hard time to limit themselves in budgeting themselves through gambling.

A gambler should know about enough and never break that because that will impact our funds. When he frequently passes the time in gambling games without setting the limit of funds, I am afraid that he can add more money to his account to continue playing gambling. If that happens many times, that will attract him to become addicted because he will feel hunger for playing gambling. But gambling will always seduce us to add more and more money without realizing it so it needs control.

tyz

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Quote from: paxmao on July 14, 2021, 05:45:35 PM

I kind o like feeling in control of my finances and that means controlling my spending and being very aware of what goes in and what goes out. I normally check my accounts every month and may make a few decisions on what to spend next month if things are not looking correct. One of the things I do is to set aside 10% of my income for things that I really do not need - expensive clothing, gadgets and electronics, books, games,... and part of that is gambling. For me, a reasonable gambling budget is 3 to 5% of my income, although I may allow more if I have some extraordinary income that month. How do you plan your gambling or fun budget?

Congrats, you made the first step towards money and balance management which is actually one of the most important parts in order to be successful in gambling.

I really can recommend this (old) book from John Patrick which explain the importance very well, for all who show more interest in the topic. Of course, there are also a lot of free sources available on the web covering this topic.

KTChampions

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Quote from: babo on July 30, 2021, 03:26:39 AM

yours is a good strategy
that is to bet a fixed and to withdraw the winnings by re-betting a fixed
so you keep betting expenses under control

re-betting everything puts you at great risk of losing your total money

I also bet a fixed regardless (but they are very few euros, I bet for fun)

I use a similar strategy and almost never risk my entire deposit. But I must note that rebetting the entire amount of the winnings, although cosmically increases the risk, but it makes it possible to get huge winnings (they are unlikely, but still possible). Rebetting actually turns the game into one big multi-bet where the odds for winning huge amount of money get bigger and bigger with each stage.

tabas

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Quote from: Rigon on July 28, 2021, 03:00:22 PM

Betting budgets depends on how would one spending time on betting and gambling. I frequently passing time with my gambling platform but not full time. So my gambling budgets obviously not enough .

As long as it's enough for you to call it a day that's already good enough for you even if your budget isn't that much. That's better to have insufficient budget and having a tight pocket so that you won't spend that much.
It's the problem of others that they're addressing and having hard time to limit themselves in budgeting themselves through gambling.

hahay

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Quote from: Rigon on July 28, 2021, 03:00:22 PM

Betting budgets depends on how would one spending time on betting and gambling. I frequently passing time with my gambling platform but not full time. So my gambling budgets obviously not enough .

I don't understand, how do you gamble by continuing to spend your budget every time you bet. Because for me, a small budget in gambling is enough if you are good at making wins in the bets you make. Make the budget like borrowed money, because then you will immediately target the main profit to return the budget money back to your wallet, if the winnings continue then you can continue to bet with the money generated from the winnings in your own bet. Gambling is not to spend the budget every time, but as much as possible to make new money so that your budget will be fine there.

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Quote from: Slow death on July 28, 2021, 03:05:20 PM

I did the following at first:

I took $50 and set it as my bankroll value, and I put $5 to bet on each game, if I realized that of the several games of the weekend I had a chance to hit 3 of them then I would bet on 3 games, if I realized I had a chance of hitting 6 games so I bet on 4 games and every time I won I increased the money in my bankroll, but when I managed to make more than 100$ I took my $50 from the deposit, so I made sure that I don't leave with losses if I have several losses to the point of emptying my bankroll
~~~

yours is a good strategy
that is to bet a fixed and to withdraw the winnings by re-betting a fixed
so you keep betting expenses under control

re-betting everything puts you at great risk of losing your total money

I also bet a fixed regardless (but they are very few euros, I bet for fun)

Slow death

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I did the following at first:

I took $50 and set it as my bankroll value, and I put $5 to bet on each game, if I realized that of the several games of the weekend I had a chance to hit 3 of them then I would bet on 3 games, if I realized I had a chance of hitting 6 games so I bet on 4 games and every time I won I increased the money in my bankroll, but when I managed to make more than 100$ I took my $50 from the deposit, so I made sure that I don't leave with losses if I have several losses to the point of emptying my bankroll

Quote from: Rigon on July 28, 2021, 03:00:22 PM

Betting budgets depends on how would one spending time on betting and gambling. I frequently passing time with my gambling platform but not full time. So my gambling budgets obviously not enough .

this means that you are having a lot of losses

Rigon

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Betting budgets depends on how would one spending time on betting and gambling. I frequently passing time with my gambling platform but not full time. So my gambling budgets obviously not enough .

Mahanton

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Quote from: 3meek on July 25, 2021, 10:22:05 AM

Quote from: FIFA worldcup on July 25, 2021, 04:20:15 AM

Just a general question regarding the betting budget. How much budget do you allocate or afford to risk in betting ? 100$, 500$, 1000$ or maybe even more ? Also if you are rich you can afford to play with more money as compare to the person who is living hand to mouth.

I'm not a rich man, but I'm not poor without money either... Sometimes my budget is $200-300, but sometimes I also make a bet the size of my budget... For me betting is more fun than a way of making money... I think the budget is controlled by professional gamblers and not amateurs like me...

Doesnt really need to be an amateur or professional because we do have our own will when it comes to self control.If you do not intent on spending that much then thats already signifies that you are in good control of your finances which is mostly where people do really fail to do so.Betting budget would really be depending on someones financial capacity or income that they do have.Some do tend to gamble just to earn more or simply
making it as an another source of income which is really a very wrong mindset to have because it isnt really just possible for it to be a source of income but rather its just created for entertainment.
You would really be just wrecking up yourself if you do have this kind of mindset.

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Quote from: Yamifoud on July 26, 2021, 06:20:22 AM

Budgeting is necessary because you cannot follow the rules which is to gamble what you can afford, when you say "you can afford" that means there's a figure that you should know and you should not spend or risk money beyond that amount.

Yes, when you say about that famous line that we usually say to the other gamblers and the newbies, there's a figure and amount involved in it and that's why budgeting for your bets is very needed. You only spend according to the budget that you have made and there's no overtaking on it and when you run out of funds or budget, that's the time an indicator that you need to take a rest. No more next rounds for that day unless you have another additional budget within the next days or for that particular day but that would be crazy if that's for within the day too.

Topic: Your betting budget - page 10. (Read 4966 times)