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Topic: Your betting budget - page 17. (Read 4966 times)

hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
July 19, 2021, 03:58:15 PM
At every point in time, I always budget my money at the start of the month and that is 1% of my income to gamble with, I will never exceed this budget no matter how tempting gambling can be sometimes this has to help me manage my gambling spending.
In cases like this self dicipline is primarily the guide to risk management in gambling options. Once there is proper risk management and you adhere to your set budget then you would succeed in managing your funds but the moment greed sets in you loose control of your emotions and become too addicted to the point of loosing out your total budget for a month.

The reality is, it's hard to win in gambling but it's easy to lose money without discipline. People are greedy when they have high target profit but with a small bankroll, the moment they become unrealistic, they'll lose without noticing and they keep betting until everything they have will be wiped out. Maybe we are inspired by people who make a living in gambling, but we should understand that they have decent capital to achieve it.
member
Activity: 812
Merit: 13
Crypto bookmaker and casino
July 19, 2021, 03:55:21 PM
I usually bet no more than 10% of my budget... However, it doesn't always work out to stick to this strategy! At the last European Championships I took a few risks... Once I got very lucky, but twice I lost everything I won the first time!  Grin So you should always make a habit of withdrawing your winnings!
This is ridiculous and it happens to everyone either. Withdrawing funds after winning is very important and it helps to claim your initial deposit especially if things go bad later, losing the remaining funds. I have lost a lot of funds due to my greed of accumulating my earnings to a certain height before withdrawing it, affecting emotionally reducing the rate in which I gamble.
 Planning risk management before embarking on betting is very important but sometimes it is hard to adhere to it if discipline is not enforced.
member
Activity: 840
Merit: 23
July 19, 2021, 03:31:15 PM
At every point in time, I always budget my money at the start of the month and that is 1% of my income to gamble with, I will never exceed this budget no matter how tempting gambling can be sometimes this has to help me manage my gambling spending.
In cases like this self dicipline is primarily the guide to risk management in gambling options. Once there is proper risk management and you adhere to your set budget then you would succeed in managing your funds but the moment greed sets in you loose control of your emotions and become too addicted to the point of loosing out your total budget for a month.
hero member
Activity: 2716
Merit: 698
Dimon69
July 19, 2021, 01:21:34 PM
I usually bet no more than 10% of my budget... However, it doesn't always work out to stick to this strategy! At the last European Championships I took a few risks... Once I got very lucky, but twice I lost everything I won the first time!  Grin So you should always make a habit of withdrawing your winnings!
Taking profit works also here in gambling not just in trading. Betting budget will only depend on how much we are able to enjoy gambling. Sometimes my budget only fits in just some hour or minutes. Sometimes I only deposit money when I have some match to look forward with or when have some extra money to enjoy with gambling.
sr. member
Activity: 334
Merit: 275
July 19, 2021, 01:11:43 PM
$50 a month and I set deposit limits where possible. I have not found a good enough Bitcoin accepting website for my bets any though at least one with all the features of a fiat one. I find that Bitcoin ones lack the cash out option and the deposit limit which is something I need to prevent myself from going over it.
hero member
Activity: 2576
Merit: 684
God, save BTC!
July 19, 2021, 12:41:37 PM
I usually bet no more than 10% of my budget... However, it doesn't always work out to stick to this strategy! At the last European Championships I took a few risks... Once I got very lucky, but twice I lost everything I won the first time!  Grin So you should always make a habit of withdrawing your winnings!
sr. member
Activity: 2366
Merit: 305
Duelbits - $100k Bonus/week
July 19, 2021, 12:02:17 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?

Hei really nice to hear the way you plan your expenses. I have set of commitments, so I direct my income to them every month. Besides these, I would have 25% of my income in hand. I rarely used my money for gambling once or twice. Since I was not happy with the outcome, I did not try going for it then. It would have been lack of knowledge on where and on whom I bet. I always prefer for new gadgets, electronics and food than spending on gambling.
member
Activity: 518
Merit: 45
July 19, 2021, 10:54:13 AM
At every point in time, I always budget my money at the start of the month and that is 1% of my income to gamble with, I will never exceed this budget no matter how tempting gambling can be sometimes this has to help me manage my gambling spending.
sr. member
Activity: 1764
Merit: 260
Binance #SWGT and CERTIK Audited
July 19, 2021, 10:03:01 AM
Way back then when I was still playing gambling, I only spend the extra money I get from an airdrop, like spending $10-$20 whenever I feel like to play gambling just to have a pastime because I'm bored. I never go beyond that, because I know that no matter how big I spend in gambling, if I don't know how to play productively, I will always lose that money, and I don't want that to happen, that's why I rarely play gambling way back then.
It's good to know that you quit since you didn't know how to win productively increase the budget that you allocated for your gambling. It's fine to lose since it's just your past time, however be more disciplined to your money. In my case, there were times that I lost a lot, but I'm happy that I got those losses back.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
July 19, 2021, 07:22:27 AM
I don't put a lot of money on gambling plus the minimum is the lowest amount in coins is used in the casino that I am playing plus I can also put my money on another bet and make the bet of the other player much higher and in return I get a cut.
It's considered a lot if you bet higher than your budget, and I don't think it's right to go beyond your budget as it's too risky, in gambling, you win, you lose, that's the only two outcomes, so always be smart and always know how to manage the risk. There's no room for us in gambling if we are careless and yet we want to be successful, we should make a strategic approach, no an approach that is based on luck.

Most of the time luck isn't there behind you, if you don't have any good strategy for sure you'll lose a lot of money.

Gambling is for those who are responsible, gambler who knows how to take care of the risk and have a good money managements, that kind of gamblers have a huge chance to enjoy and win from this venue of activities.

Set your budget and make sure to keep following what you set and try your best to increase your capital.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
July 19, 2021, 07:17:29 AM
I don't put a lot of money on gambling plus the minimum is the lowest amount in coins is used in the casino that I am playing plus I can also put my money on another bet and make the bet of the other player much higher and in return I get a cut.
It's considered a lot if you bet higher than your budget, and I don't think it's right to go beyond your budget as it's too risky, in gambling, you win, you lose, that's the only two outcomes, so always be smart and always know how to manage the risk. There's no room for us in gambling if we are careless and yet we want to be successful, we should make a strategic approach, no an approach that is based on luck.
full member
Activity: 2170
Merit: 182
“FRX: Ferocious Alpha”
July 19, 2021, 07:14:05 AM
Way back then when I was still playing gambling, I only spend the extra money I get from an airdrop, like spending $10-$20 whenever I feel like to play gambling just to have a pastime because I'm bored. I never go beyond that, because I know that no matter how big I spend in gambling, if I don't know how to play productively, I will always lose that money, and I don't want that to happen, that's why I rarely play gambling way back then.
I wish I have that kind of restraint back then, I spend a lot of money in gambling, even though I go home winning, I only use those wins to play again all of it until it's depleted. Good thing I was past that and I was able to make some changes in my life.
At least you've learned your lesson now? that is the most important part "Our Maturity" because more than everything it is our experience that teaches us to be more practical and never lose your attitude towards becoming addicted.
when i start gambling i also do the same mistakes but over the year i learn and comes to the conclusion that whatever i do it is always that gambling will win over us.
member
Activity: 868
Merit: 63
July 19, 2021, 07:06:28 AM
I don't put a lot of money on gambling plus the minimum is the lowest amount in coins is used in the casino that I am playing plus I can also put my money on another bet and make the bet of the other player much higher and in return I get a cut.
legendary
Activity: 2478
Merit: 1951
Leading Crypto Sports Betting & Casino Platform
July 19, 2021, 07:01:07 AM


 Another thing is that such a single bet is unlikely to satisfy a gambler's need for a game, most players like to enjoy the process itself.
Who would want to play with one bet even if that one bet wins me thousands of dollars, I'd like also to go through the process of losing, winning, and having excitement chasing my losses, it's something we all want to go through until all our allocation is over or losses, I want to start small and go big when I am winning, we want that excitement to get over us when we are playing and hoping our allocation is enough to get us there.

Different people have different approaches to games. Several years ago I had experience playing offline poker and I met people who always played according to the same algorithm: literally several hands and they bet allin preflop. I got the impression that they didn't want to enjoy the game, they just wanted to know whether they were lucky that day or not.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
July 19, 2021, 06:20:13 AM
Way back then when I was still playing gambling, I only spend the extra money I get from an airdrop, like spending $10-$20 whenever I feel like to play gambling just to have a pastime because I'm bored. I never go beyond that, because I know that no matter how big I spend in gambling, if I don't know how to play productively, I will always lose that money, and I don't want that to happen, that's why I rarely play gambling way back then.
I wish I have that kind of restraint back then, I spend a lot of money in gambling, even though I go home winning, I only use those wins to play again all of it until it's depleted. Good thing I was past that and I was able to make some changes in my life.
legendary
Activity: 3416
Merit: 1225
July 19, 2021, 06:18:39 AM


 Another thing is that such a single bet is unlikely to satisfy a gambler's need for a game, most players like to enjoy the process itself.



Who would want to play with one bet even if that one bet wins me thousands of dollars, I'd like also to go through the process of losing, winning, and having excitement chasing my losses, it's something we all want to go through until all our allocation is over or losses, I want to start small and go big when I am winning, we want that excitement to get over us when we are playing and hoping our allocation is enough to get us there.
sr. member
Activity: 2436
Merit: 455
July 19, 2021, 05:58:46 AM
Way back then when I was still playing gambling, I only spend the extra money I get from an airdrop, like spending $10-$20 whenever I feel like to play gambling just to have a pastime because I'm bored. I never go beyond that, because I know that no matter how big I spend in gambling, if I don't know how to play productively, I will always lose that money, and I don't want that to happen, that's why I rarely play gambling way back then.
sr. member
Activity: 1008
Merit: 308
July 19, 2021, 05:28:50 AM
For me the money of $100 is very big, so there is no way I can use $100 in one bet. I'm not ready to lose $100 in one bet, but for rich people
it's not a problem to spend $100 in one bet. I need to adjust my finances to the way I gamble, so I will use $100 in multiple bets. I'm also one of
those people who like to get profit gradually, It's true that a large bet amount can get a big profit too. But the risk is also greater, the conclusion is
that everyone has their own gambling style, I also wouldn't blame gamblers using $100 in one bet.
Blaming the others because they have higher base bets? There must be something off with your head if you really do that or you are just jealous if there's someone who has better conditions than you. Everyone have different incomes and financial problems, of course when come to gambling budget or bet amounts it'd supposed to be different too. There is no one force you to follow what high rollers did, so don't bother with them and just doing your gambling habbits as usual with the money that you could afford to lose.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
July 19, 2021, 04:56:10 AM
I understand you, and I don't play that way either, I prefer many small bets than one big one. But mathematically speaking, the chances of winning with one bet are much greater than by making many small ones. Roughly speaking, long-distance loss is guaranteed, and a single bet can bring victory.
When I gamble just for fun, using only just 2% of my weekly income, I bet on any game. It really surprised me when I bet on correct score that I won one day, but it was just a complete luck. I gamble for for, I bet on weak team to win strong team at times, especially when I know the strong team are not playing good. I have tried small odds too, they are better, but this can lead to someone to bet more frequently, there could be many small winings, but single loss can take all the money and result to loss, but playing it not often can let it be fun and a way to gain.
legendary
Activity: 2478
Merit: 1951
Leading Crypto Sports Betting & Casino Platform
July 19, 2021, 03:57:32 AM
I think that the chance to immediately turn 100 dollars into ten thousand in one bet with a large coefficient is much higher than a gradual increase from this amount. Another thing is that such a single bet is unlikely to satisfy a gambler's need for a game, most players like to enjoy the process itself.

Using 100 bucks in a single bet is a very risky one. Unless, you are very sure about the results of the game. I still prefer the gradual increase, at least I know, I can't lose $100 in one bet. Anyway, gamblers have different preferences when it comes to their game. Some want to enjoy their game so they will use those $100 in various matches or games. And you will be very lucky if you can get your $100 to even a thousand dollars.

I understand you, and I don't play that way either, I prefer many small bets than one big one. But mathematically speaking, the chances of winning with one bet are much greater than by making many small ones. Roughly speaking, long-distance loss is guaranteed, and a single bet can bring victory.
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