Your betting budget - page 9. | Bitcointalksearch.org

ethereumhunter

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Quote from: Desmong on July 31, 2021, 06:14:32 PM

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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.

This is a nice approach to gambling since you know that you are not that interested in it and it's not your major source if income. Alot of persons that take gambling as only source of income would be ready to take high risky measures to make profits even when the rate if winning is short or uncertain. Majority of gamblers see future in gambling, that's why they are always curious to do anything that can make them win bets even if it's going to take a negative approach.

People who think that gambling is a source of income will try to use gambling to make money. If they can see the reality that they can not make money, they will stop it and leave gambling as soon as possible. But many of them are not stopping instead still trying to make money because they think that their luck will come to them.

We need to limit our budget in gambling and not use too big money to gamble because we will hard to make money from gambling.

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Quote from: 3meek on July 31, 2021, 02:38:13 AM

Quote from: STT on July 30, 2021, 10:45:40 PM

A budget that only expands on successful bets and strategies helps reinforce what works over what doesnt. The worst tactic is to try and run through losses or even increase a loss in continuing what didnt work, its often best to take the loss and return another day having cleared the book of the previous attempt with a line drawn underneath.

That's true, but for many people it's very difficult psychologically! I don't know if you can call it a gambling addiction stage, but you can't always stop! Sometimes I've experienced this too, and instead of stopping betting, I've tried to win back my losses!

This is a trap and the biggest challenge I thought I can be good at stopping when I'm losing and come back some other times but in the back of my mind I was urged to continue because the next roll or card will fall in my favor, sometimes it works sometimes it's not, the worse thing is stopping when you don't know if the next roll or card is in your favor you have to take a chance, and prepare to take the worse or the best outcome. Cheesy

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Quote from: KTChampions on July 31, 2021, 06:07:42 AM

Quote from: acquafredda on July 31, 2021, 02:48:38 AM

Quote from: KTChampions on July 30, 2021, 02:21:55 PM

It turns out that your bets on euro 2020 were unsuccessful for almost everything?

I should have probably clarified that better. I did not say I do not have budget because I lost everything Cheesy

I actually won 3 out of 7 times, with a small profit in the end. I do not have a budget now because, like I said, I do not know what to bet against. I prefer football and there is not much appealing right now. I will take this month off

Oh, that sounds a lot more positive!
As I understand it, are you not interested in amateur football competitions (now there is an olympics, for example)? In principle, it is not long to wait - the start of the European championships will take place in a couple of weeks, and now you can place bets on rare matches like the super cups of the national championships.

No man, thanks for asking but that is not for me. These days I would rather do other things than betting on competitions which I know nothing about. I always prefer to bet on the major football leagues since I follow them and I have more info available before placing my bets.
I can definitely wait, I have no rush to bet during the holidays.

hahay

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Quote from: Russlenat on August 01, 2021, 08:21:38 AM

Quote from: iTradeChips on August 01, 2021, 08:16:16 AM

Quote from: STT on July 25, 2021, 12:28:06 PM

Consider that its often best not to spend it all at once. Budgetting actually increases chances of success I think as it gives more then one attempt for the same amount spent, where as no budget can lead to just a dead end of having no money left rather choosing not to spend more that day. The only real way to beat the game or increase luck seen is via a plan and a budget is part of that.

That is right. Budgeting really makes one disciplined and it increases chances of success, as you have a steady supply of funds for your gambling and at the same time the discipline to do it another day. Also add the business regimen like counting losses and wins. Like in business, there are days when there is no profit and there are days where you can get so much profit in your bets and gambles. Be business like is the key to everything, even in gambling.

That's the most important thing that every gambler should understand, we have a problem if we can't accept losses and we always want to end a day with a profit. Some gamblers have that kind of mentality, they don't want to lose, so they chase their losses to end up profitable, unfortunately, it does not end the way we expect it to be most of the time.

It would be a pity if they gambled on continuing to chase after what they had lost, such thoughts would certainly endanger their lives. I also agree, budgeting is about increasing the chances of success because that way, at least the budget you set is not too high but can actually produce good results day after day. But it will be useless when you are still careless and do not have calculations in gambling, because carelessness in gambling will certainly cause problems for your finances even though you already have a set budget.

KTChampions

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Quote from: iTradeChips on August 01, 2021, 08:16:16 AM

That is right. Budgeting really makes one disciplined and it increases chances of success, as you have a steady supply of funds for your gambling and at the same time the discipline to do it another day. Also add the business regimen like counting losses and wins. Like in business, there are days when there is no profit and there are days where you can get so much profit in your bets and gambles. Be business like is the key to everything, even in gambling.

You talk about gambling as if you were doing it like a business. But everyone knows that despite the alternation of wins and losses in total on the distance, you will always be in the red. Can you really surpass this pattern and can profit from gamling? Otherwise, I do not understand your reasoning.

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Quote from: Oshosondy on August 01, 2021, 04:24:15 AM

Quote from: STT on July 30, 2021, 10:45:40 PM

A budget that only expands on successful bets and strategies helps reinforce what works over what doesnt. The worst tactic is to try and run through losses or even increase a loss in continuing what didnt work, its often best to take the loss and return another day having cleared the book of the previous attempt with a line drawn underneath.

With what I have experienced about gambling, if someone has lost ones, the person should not think about it and should betting another day, the following day is not even better as the losses can continue, the best is to wait for like a week when the person will not have the sense of loss again and when the right mindset set back to the original level. My weakest moment during gambling is when someone is losing and yet continue to gamble to lose more until all is lost, I experienced this before when I was an addict.

Wrong impressions with most of the gamblers who keeps failing inside gambling.

Instead of taking the break, they tend to push for more trying to recover those money that they've lost when playing the game.

It's a must to see have good control and limitation, it save you a lot of time and money as there's alway another time to play instead of
trying to win back it's best to accept your defeats and have some break and call for that day.

Russlenat

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Quote from: iTradeChips on August 01, 2021, 08:16:16 AM

Quote from: STT on July 25, 2021, 12:28:06 PM

Consider that its often best not to spend it all at once. Budgetting actually increases chances of success I think as it gives more then one attempt for the same amount spent, where as no budget can lead to just a dead end of having no money left rather choosing not to spend more that day. The only real way to beat the game or increase luck seen is via a plan and a budget is part of that.

That is right. Budgeting really makes one disciplined and it increases chances of success, as you have a steady supply of funds for your gambling and at the same time the discipline to do it another day. Also add the business regimen like counting losses and wins. Like in business, there are days when there is no profit and there are days where you can get so much profit in your bets and gambles. Be business like is the key to everything, even in gambling.

That's the most important thing that every gambler should understand, we have a problem if we can't accept losses and we always want to end a day with a profit. Some gamblers have that kind of mentality, they don't want to lose, so they chase their losses to end up profitable, unfortunately, it does not end the way we expect it to be most of the time.

iTradeChips

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Quote from: STT on July 25, 2021, 12:28:06 PM

Consider that its often best not to spend it all at once. Budgetting actually increases chances of success I think as it gives more then one attempt for the same amount spent, where as no budget can lead to just a dead end of having no money left rather choosing not to spend more that day. The only real way to beat the game or increase luck seen is via a plan and a budget is part of that.

That is right. Budgeting really makes one disciplined and it increases chances of success, as you have a steady supply of funds for your gambling and at the same time the discipline to do it another day. Also add the business regimen like counting losses and wins. Like in business, there are days when there is no profit and there are days where you can get so much profit in your bets and gambles. Be business like is the key to everything, even in gambling.

Oshosondy

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Quote from: STT on July 30, 2021, 10:45:40 PM

A budget that only expands on successful bets and strategies helps reinforce what works over what doesnt. The worst tactic is to try and run through losses or even increase a loss in continuing what didnt work, its often best to take the loss and return another day having cleared the book of the previous attempt with a line drawn underneath.

With what I have experienced about gambling, if someone has lost ones, the person should not think about it and should betting another day, the following day is not even better as the losses can continue, the best is to wait for like a week when the person will not have the sense of loss again and when the right mindset set back to the original level. My weakest moment during gambling is when someone is losing and yet continue to gamble to lose more until all is lost, I experienced this before when I was an addict.

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Quote from: STT on July 30, 2021, 10:45:40 PM

The worst tactic is to try and run through losses or even increase a loss in continuing what didnt work, its often best to take the loss and return another day having cleared the book of the previous attempt with a line drawn underneath.

It is what we usually see for those gamblers that can't accept that they've lost for this day. The upcoming days won't stop to come so gambling does.

If they won't continue, they might feel that they've lost entirely and don't need a rest. But that's what needed to happen, to take some rest and do it again the next day.

Desmong

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Quote from: ?? on ??

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.

This is a nice approach to gambling since you know that you are not that interested in it and it's not your major source if income. Alot of persons that take gambling as only source of income would be ready to take high risky measures to make profits even when the rate if winning is short or uncertain. Majority of gamblers see future in gambling, that's why they are always curious to do anything that can make them win bets even if it's going to take a negative approach.

AhmadM

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An experienced gambler has a very low budget but for his intelligence he has a lot to gain from gambling. But in my opinion, those who do not have experience, it is better not to enter the gambling with a high budget.

Isn't it on the contrary? I doubt that experienced gamblers would do as your above explanation, most of the cases experienced gamblers such as streamers or youtuber would bring lots of capital and take profits around 2x ROI on average (if they indeed intend to take profits and not burn all their capital). It's pretty rare they would come with less capital in order to aim high ROI since they are aware gambling is all about luck.

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Quote from: 3meek on July 31, 2021, 02:38:13 AM

Quote from: STT on July 30, 2021, 10:45:40 PM

A budget that only expands on successful bets and strategies helps reinforce what works over what doesnt. The worst tactic is to try and run through losses or even increase a loss in continuing what didnt work, its often best to take the loss and return another day having cleared the book of the previous attempt with a line drawn underneath.

That's true, but for many people it's very difficult psychologically! I don't know if you can call it a gambling addiction stage, but you can't always stop! Sometimes I've experienced this too, and instead of stopping betting, I've tried to win back my losses!

You will eventually learn from your mistakes, that's alright, it's normal to some people that they learn the hard way and I hope you are still okay. Keep reading the comments as some posters here are sharing their gambling addiction problem and how they solve that problem.

RealMalatesta

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I have always done the same thing, usually have about 50 bucks earned from signature and keep gambling at that place, even though I gambled in almost every place you have heard of in the crypto world, and probably hundreds in most of them, thousands in few of them I still try to only gamble at the place I carry the signature for that moment, which can change, tomorrow I may end up having another signature who knows, but until that moment I rather gamble only on the signature place.

The exception only happens if it is one sided place, like when it is just a casino then I do gamble at a sportsbook and a poker place, if it is just sportsbook then I gamble at a different casino and poker place, so it means that unless a place has all three I may end up gambling a bit in different places. However, it is almost always from the signature campaign and my budget depends on how much I made.

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Quote from: acquafredda on July 31, 2021, 02:48:38 AM

Quote from: KTChampions on July 30, 2021, 02:21:55 PM

It turns out that your bets on euro 2020 were unsuccessful for almost everything?

I should have probably clarified that better. I did not say I do not have budget because I lost everything Cheesy

I actually won 3 out of 7 times, with a small profit in the end. I do not have a budget now because, like I said, I do not know what to bet against. I prefer football and there is not much appealing right now. I will take this month off

Oh, that sounds a lot more positive!
As I understand it, are you not interested in amateur football competitions (now there is an olympics, for example)? In principle, it is not long to wait - the start of the European championships will take place in a couple of weeks, and now you can place bets on rare matches like the super cups of the national championships.

acquafredda

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Quote from: KTChampions on July 30, 2021, 02:21:55 PM

Quote from: acquafredda on July 30, 2021, 10:40:20 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?

I should have probably clarified that better. I did not say I do not have budget because I lost everything Cheesy

I actually won 3 out of 7 times, with a small profit in the end. I do not have a budget now because, like I said, I do not know what to bet against. I prefer football and there is not much appealing right now. I will take this month off

3meek

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Quote from: STT on July 30, 2021, 10:45:40 PM

A budget that only expands on successful bets and strategies helps reinforce what works over what doesnt. The worst tactic is to try and run through losses or even increase a loss in continuing what didnt work, its often best to take the loss and return another day having cleared the book of the previous attempt with a line drawn underneath.

That's true, but for many people it's very difficult psychologically! I don't know if you can call it a gambling addiction stage, but you can't always stop! Sometimes I've experienced this too, and instead of stopping betting, I've tried to win back my losses!

STT

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A budget that only expands on successful bets and strategies helps reinforce what works over what doesnt. The worst tactic is to try and run through losses or even increase a loss in continuing what didnt work, its often best to take the loss and return another day having cleared the book of the previous attempt with a line drawn underneath.

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Quote from: tabas on July 30, 2021, 08:07:51 AM

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.

I would not suggest that person add more money for playing gambling. If he already loses that money in gambling, that will be the sign for him to stop gambling at that time and quit gambling as fast as he can because gambling can tempt him to deposit more and continue playing gambling. It is easy to deposit more money, but it is not easy to quit gambling, especially if we have more money. We need to control ourselves to prevent big losses because that will hurt us if we still lose.

Quote from: freedomgo on July 30, 2021, 08:21:39 AM

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.

Yes, I have had that experience before but then, I realize that what I did is wrong and it needs time to realize and build a will on myself to learn about discipline. But I did that and slowly, I can control myself and trying to have discipline.

Yes, I feel that I want to gamble more and not take a break at that time. It is not easy to stop to ourselves and search for the other thing to distract the mind. In this matter, we really need to think about ourselves and what we need to do to block thinking about gambling.

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The amount of budget a professional gambler needs depends on how much experience the gambler has. An experienced gambler has a very low budget but for his intelligence he has a lot to gain from gambling. But in my opinion, those who do not have experience, it is better not to enter the gambling with a high budget.

And that is why I am only allotting my extra funds here. Because I admit, I'm no professional gambler just a small timer trying to enjoy the moment. I bet only on familiar games and if I know the individuals involved just like in boxing. Not all matches that I bet on but only those that I know of. So watching their match, it is much interesting for me as I have placed my bet. But I understand for those regular gamblers, they really allot big amount for their gambling activities.

Topic: Your betting budget - page 9. (Read 4947 times)