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When it comes to gambling; only one thing sets apart gamblers from one another and this is the next step after winning. For me, i follow this simple strategy.

• I have a go to plans, budget and i bet accordingly to that budget and plan
• Immediately i win a bet; i go on a 3-4 days betting strike, why? I use this time to spend my earnings as already scheduled
• For every bet earnings, i immediately withdraw 80% to my account for my scheduled plans; 5% for personal flaunts (You can call it enjoyment haha) and then i leave the remaining 15% to continue gambling into the next win.

With this approach, you will lead a successful gambling life, you will not spend all your winnings on "betting" and you will be able to point to one or two things in your life that you got with betting or gambling proceeds.

Do you think this is a good idea? Do you have a better idea?
Lets have it!

And what happens if you experience a losing streak?

It would have been a great guide if only you have control of your gambling outcome—> so if it turns out that you are not lucky and your game does not come out like you have planned this guide becomes somewhat useless.

If you have a losing streak, you already "invested" your major earnings; this way you don't have to spend all gambling earnings on "gambling.
If you don't invest your gambling earnings elsewhere; you end up betting all wins on the loosing streak

Sounds good but may not be that easy in reality. You did not mention anything like loss, you only mention winning and profit. This is how some people will go beyond their gambling budget and play more and lose more. But if you are able not to go beyond your gambling budget, it is a good idea but winning is not possible all the time.

True, the context of the text is focusing on how gamblers spend their wins; in cases were losses is the dominant factor; theres really nothing to spend.
Would managing gambling profits better help gamblers more?

You never can tell if you’ll even have a single win in that session (depending on the game you’re betting on).

If you take slots for example, you can just log into your account fund it and as soon as you start to play you might just start experiencing losses and in such situations the idea of “investment” won’t really work.

Humm, i think you still don't get the context; the context is factoring what you do, or lets say what to do after every gambling wins. E,G Bet 100 to win 1000; what you do with the 1000 before resuming gambling

I think next time, you should keep it simple hahaha

After reading your posts for like 5 times, i remembered a punters comments on twitter few months back, that i screenshot and kept for future referencing.
I hope you also do the same

See post below

https://i.postimg.cc/X7GbYmKw/IMG-5798.jpg (https://postimages.org/)
"WHEN YOU WIN, BUY SOMETHING YOU NEED, OR BUY SOMETHING YOU CAN SEE EVERYDAY"

This is more inclined to managing winnings and I guess this will really work out if you will have a winning streak and if you will bet a huge sum of money because that way, you'll really earn big time. Although if you experience a losing streak and leaves you having no balance or fund at all, you will be back at zero having to deposit an amount that could last you probably around several bets and plays that will satisfy you without breaking the bank.

But to be fair, that's the point. You win some, you enjoy some, and then you save some for the future or use it for something that is important and could add value to your life.

I'm not sure though if there is really a successful approach to gambling. Yes, you can manage risk, your funds and bankroll. But it's going to be very difficult, even if winning or losing, it's hard to quit and not continue to play to chase your losses or look for more win. The approach of the OP is good, no question about it, however, it is really applicable to the majority of the gamblers here?

What if you are in a losing streak? Will you just take a break and stop? or will continue to deposit for more and recoup (this is the mindset of the gambler). Unless you really have total control of your minds and emotions, which again very very hard to do. I just for the majority, if the money that you play is nothing, then just go and enjoy the game without making things complicated on you, specially your mentality.

I have stated on several threads that gambling requires strategy and not only luck. This is a practical case of strategy that works! The aspect of taking a break after a major win is the secret to sustaining the money because many people give it all back by increasing their staking power and number of bets; it is truly a major mistake. I also apply your principle with the only difference being that I don't go on a break but I reduce my staking amount significantly whenever I have major win after withdrawing 90% of the money won.

This would have been a very good idea if only it worked all the time and for everyone..

before I proceed, one question I will love to ask is, after withdrawing the supposed 80 plus 5 percent of your winnings to your account for personal spending, which leaves you with just 15 percent of the fund on your casino account to continue gambling with, what do you do if luck is not on your side and you end up losing the remaining 15 percent of the fund, do you make another deposit to continue gambling or do you just forget about gambling altogether?

Like i said before, what you shared would have been a good idea if only it would work for everyone all the time, and I also wish I had a better idea of what really works, But one certain in gambling is that, what ever strategy we implore to help either win or save what we have won, we still need luck, for without luck, it is difficult to come out of gambling profitable at the end the day.

Usually a gambler will try to increase their bankroll whenever they win, but I will assume you will use a same amount even you're win.

Let's say you start with $50, if you only leave 15% for gambling from your total winnings, it means you're need to earn $283 since $333 x 15% is $50. It sounds to good to be true, you're making it like your mostly win over lose.

You could make your strategy work, but it can still fail more than you expect because it still depends on how well you can hit your bets and manage your stakes. It's good to know when we should cash out our profits at the right moment, but it's not enough if we lack in the other parts of sports betting or gambling overall.

Also, losing streaks and losing sessions could go on for a very long time, so investing elsewhere won't stop the bleeding unless you can consistently win more than you lose.

Gambling is more of loss than wins, yet you only came out with your winning plans. What about your plan on how to minimize your loss. Winning is based on luck and one wouldn't know when will be your lucky day.

Gambling is not one side, which is all about winning that is why you must also consider your loss too before any strategy that you want to come up with. I loss more than I win when I gamble and I have also gamble for straight two months, that I didn't have any win. That is why this your winning strategy is easy said than done.

This strategy is easier said than done, just like how most of us here who says to stick with the budget but will always go overboard when hit with a losing streak and lost control.

Also, it isn't always easy to just cash out when winning as most of us tends to continue betting even when winning significant amount until you notice you're losing and stop playing to cash out the remainder of your winnings.

Lastly, losing streaks are much more common to happen than winning which is the sad truth on gambling.

This is a good one-way guide and ops you did a great job by putting this up for the board even though it practice may be hard in real life although you may have gone through this guide, same with most of us having a personal guide.
But sometimes, a guide is supposed to come 8n a complete package or do you intend to have another thread that will discuss the losing guide also because we have hard lot of cases of chasing losses that lead to a more devastating outcome, but if we can have that included in this thread this thread will be one of a great one as time goes on.

True!  I experience not hitting a single bonus round in slots in many of my sessions.  So automatically, the idea of @OP can't be applied in this situation.  Although @OP gives a good way to manage winnings, it does not assure us that it can be sustainable, because if one gamble's regularly, he will have to top up the funds (obviously from his previous winnings) in order to continue playing the next day.  Imagine if we suffer consecutive losing sessions, then more probably that we have to put more funds to continue after exhausting our previous winnings.

I would be happy to see these schemes.

By keep updating the thread maybe your bankroll, the progress earned, every day and others by spreadsheet. I happy to see it, because most of people to much theory gambling without using the theory first by them self.

Good luck with your scheme-gambling.

Easy to say but really that hard to be done when you are already there or simply on the time or moment that you are really that making some money with your gambling session on which it would really be creating out that kind of impulsive emotion or approach on which you would really be thinking that playing even more would really might be giving that more chance for you to make money or winnings and this what urges you to play even more and then losing those winning amounts back at the casino.Its good that you do really have that kind of self control since not all would really be having that kind of tolerance when it comes to things because if you do really find yourself that not setting out some goals then most likely you would really be just playing until you do bust all of your bankroll which this is always the case.

Its true that moderation is really that something needed when dealing up with gambling because if you do find yourself to be that impulsive then it would really be that impossible for someone to follow up
this kind of routing specially pulling 80% of winnings and intended for the next day gambling session and remain some 15% and then 5% your own spending or reward.
I could say its a good allocation but not all people would really be able to do or follow this one. Most of them will surely fail.

I think this is a very good idea. I am very pleased with the aspect of investing wins into something more reliable and profitable. In many cases, gamblers always lose their wins because they gamble all their wins. Gambling becomes more interesting when wins are maximized because it would cover up for losses in the future. Gambling shouldn't be seen as a source of income but it doesn't mean that we should lavish all our wins on unnecessary expenses. Keeping and strictly following a well-prepared gambling plan is also helpful in preventing over-gambling and ultimately gambling disorder.

It seems to me that OP has already unknowingly or knowingly designed a career path from gambling and I know that a workable plan in any endeavor pays better than just delving in at random and expecting to be as successful as imagined.
Am also quite sure that if you do not win as much as you make losses, this design will choke the life out of your wallet and any savings you have left.

It's a nice breakdown though, mostly as you remembered to include  'happy hour or self love time' from the intended wins of gambling.

This sounds like some scripted fiction but anyways, the plan looks good though.
 I was thinking OP would also write on his loss as well but I didn't see that aspect of the budget planning. It is normal that after winning, one needs to have a taste of their wins and also do something tangible for themselves and family. I actually see sense in the budget allocation OP did.

Based on this OP has presented, I it seems OP takes gambling as a source of income which I think is a very big mistake if truly OP has such in mind or is doing it already. I will advise you do away with the reasoning of making gambling your source of income otherwise you just might be heading to a hitting a brick wall which definitely would be disastrous and devastating to you.

It's interesting to follow the way our finances work. How a person manage their money should be abstract against another. The idea of going for a gambling break is fine. It'll enhance the player's gambling experience. And prepare them for the next move. Depending on the amount won. A player shouldn't go for a break on every gambling wins. It's also a good idea to continue playing until the duration meant for the gambling vacation is over.  A player that sets out 3 weeks for gambling only stops when that 3 weeks elapsed. Regardless of the amount of money or profits they've made. Generally, I accept the idea,but the syntax, I may not. Not every professional gambler do not understand how the loosing streak work. The money management is crucial, thereby maximizing profits. I'll personally wish for more wins while playing until the duration set aside elapse. That's a real gambling experience. Win or lose. Stopping immediately after a big win to take a rest, is like a winning football team quitting the game because they're winning.  The winner and the loser continue playing until the 90 minutes is over. There we'll find the true winner. People who fall for your point "betting all wins", most times belong to the win and run category. As they'll be back soon to spend the gambling money on betting. Following the game to the end, will give us a sigh of relief and also the outcome will determine how long we'll spend before coming back to gamble. The idea is great for every player to devise a personal positive steps to follow after winning expenses. The point is, the money will be spent. According to our wants. The money will be used alongside gambling. They'll play and at same time engage in other fun activities.

To me, it doesn't make any sense when you leave with your little earnings and come back to gamble again.... Cus why'?? Even if you go about with all the plans you listed, you're still gonna go back to wager your funds and there's no difference...

---

To me, I feel it's even better to try again with the little winnings than to use your hard-earned funds.

Sandra 🧑‍🦰

To a great extent I have seen ops do a great job, because from the look of things, if all the mentioned guides and approaches are properly followed, this can result truly a sustainable winning approach that can help the gambler save a whole lot and avoiding possible loses at some point.
Even as the thread does not contain the losing guide we should at least appreciate the efforts put in by the ops to draft the guide as a helpline for all of us here and look forward to seeing others coming up with losing strategies motivated by this thread, but until then I will like to commend the ops efforts in this present regards.

Your approach is really good but what about if you are experiencing the other way around. Losing is expected in gambling and it’s very clear that the more you try to gamble, the bigger your chances of losing. When that happens, earning will not be possible anymore. For me, the best way to earn some profits in gambling is to set a budget limit you’re willing to lose. At least, when you bet at a small amount, you get to save some of your funds and use it to invest if you want so you can have multiple source of income aside from gambling that does not guarantee actually providing an income.

This seems like a good plan and one that might work if you “win every day.” Unfortunately we can't win every day and we lose more

I have done something like that. Withdraw 80% of the funds and leave 20%. However, it didn't go according to plan because the remaining balance ran out again, then I deposited again and it ran out again. So it's very difficult to keep winning, I've been trying to stop for a week but when I  gambling again, I keep losing.

The only way that works for me is to gamble when I have extra money and not to gamble if money is tight or I have other needs. It looks simpler and doesn't require a lot of complicated setup

It’s certainly a good approach if you are on a winning streak. You get your profits and then gamble on a fixed allocated amount. But how about if you are losing consistently? Even if you say you set your budget to bet, and then you still lose them all, then how can you earn that way? Let’s just accept the reality that there’s no earning guarantees with gambling. Once you gamble, you are entitled to lose nor win, but mostly it’s the losses actually. And if you’re not wise enough to diversify your profits into potential investments like crypto, you will never have the chances to earn passively.

Taking a break after a win seems to be a lot more important compared to chasing another win. There's no guarantee that you will be keeping all of your winnings anyway because of your tendency to gamble again, but at least making sure that it's not spent in a single sitting is extremely important. At least, you won't have to withdraw from your personal funds for some time in order to gamble as you already have a buffer that is your winnings.

For me, being honest to oneself is extremely important in an event of a win. If you know that you'll be gambling again, just manage that fund and treat it as part of your bankroll and you'll have no problems at all.

It's a plan that looks good in managing profits but the success of it we do not know even when the remaining capital is 1 more time to play, it may have a chance.

The scheme of organizing profits is quite logical and seems easy but when we are given a tempting multiple, of course, it will increase the potential for hockey that second, then will you follow the plan you made or a strong desire to multiply, with a simple mindset when profit is in hand?

I feel when playing binary options at 4 years a go, and planning only remains planning if the possibility changes.

target a day profit 5$ when already profit is not satisfied until there even want to reach more than 10$ more, deny it.

I'm talking about managing profits and curiosity about the game that happens when playing live, I feel very contrary to the plan that I have compiled.

I budgeted that if there are any freebies from promotions (gift seekers or web game testers) I will consider it my personal money (the money I budgeted for my regular monthly expenses).

Of course I will manage it well like risk management similar to your thread,

and if I invest it all for fun, it's not burdensome from my point of view.

I do agree that there must be some sort of contingency plan if a person experiences a losing streak.

Generally, the initial reaction of a person losing is to quickly recover their losses either by gambling again or stopping. The latter happens rarely and the former happens regularly given the nature of the circumstances of the person.

While I do agree with the points you have raised, I would like to add that a person must only bring a handful amount of cash whenever they try to gamble. Lastly, avoid gambling using a credit card as it can definitely skyrocket your expenditures without you knowing.

What happened to don't actually gamble for income or profits, well at least this post is sincere but the only issue is that there is control over the outcome of the games played so sometimes we might experience a losing streak then what now follows are you going to do the unthinkable which is actually chasing your lose or should I say winning back your actual capital? Because the case of lose can even occur on your first actually try.

your calculations are strange, for example if you placed sports bets only on games with odds of 2.00 and you placed 100$, you would end up with 200$, so if you take 15% to continue playing, it means that in your next bet you will not betting with 100$ you would probably have 30$ to bet, and even if you were to bet on a game with odds of 2.00 and with 30$ then you would have 60$, if you applied the same 15% then it would be 9$, you would again bet on a game odds of 2.00 and with 9$ you would end up with 18$. In other words, with each bet you would have less winnings. So I don't see your strategy being a good one.

Even if you started making multibet bets with very high odds, the risk would still be high, the chances of getting bets right would be small, you would be losing more than you would win. Therefore, this strategy would not be good either. If you are also talking about slot games, then things only get worse because they are games of chance that depend on luck, the chances of profit are small, if you lose a lot and it would only pay off if you hit a big multiplier, but sometimes the person stays for a long time losing a lot and when you hit a big multiplier

and calculates the profits and losses, then realizes that when you remove all the losses, that much money you won with the high multiplier becomes so little that it doesn't compensate for all the time you spent playing. In other words, your strategy also won't work in games of chance that depend on luck, so I assume you play blackjack or some other card game that allows you to win and use this strategy, as I don't play any of that so I can't say if it would be Whether or not your strategy is efficient in them

However, the winnings we get from gambling in the end it will be spent on gambling if we experience continuous losses and don't win again. Me too always think about setting aside a larger percentage of my winning, for example 80% to keep in my personal pocket and I leave a small percentage 20% to continue playing, but if in the end the small remaining budget runs out and I stoped for a while, I will make another deposit if I want to gamble. I always consider gambling as fun, not hoping to wins big because I think it is too difficult to achieve it, but with the option of setting budget that has been prepared, I agree with you by setting a budget, I am able to controls myself easily without having to lose a lot losses

Yes, it's also good to limit your budget and bring cash within certain limits. If you gamble without limits it will drain more of your money, especially using a credit card will of course add more debt expenses that have to be paid due to borrowing money from a credit card which of course you have to pay. Pay immediately so that bills don't increase and pile up even more.

I think the OP is gambling for money so discussing strategies about gambling in a more different way, after all gambling cannot be used as a source of income, whatever we win doesn't necessarily mean we will win in the future, no matter what, the dealer will still win, but I still appreciate the way he uses this strategy. , even though it might end badly in the end, the point is that it can only be done by consistent and controlled people.

This is considering you are in a winning streak which is rarely the case, making a decent winning from a casino is very rare - dust winning streak cumulative amount is likely <5$ and not worth the time. You can be assured that someone before you has already made similar plans with different numbers and they have no succeeded.

Its either you gamble or you dont gamble. If you want sustainable earnings get a job or run a business and dont take the risky methods of making money. As soon as you get into that vicious cycle of gambling, you will lose money.

You are talking as if you haven't lost a single bet since you start gambling, is this true? If you point is only backing the winning side of gambling then it's bad advise, do you know why some people lose everything after they win? It doesn't matter how much they use, either $20 or $2000, they find it hard to get over the thoughts in their head, you can win thousands from gambling and it's easier to increase the amount you normally use for gambling since you just win thousands, that's where people make the first wrong step.

If you are always using $20 and one day you win let's say $5000, which is very rare, the best advice is to keep using $20 as always, take out all the $5000, and come back some other day when you can afford another $20, don't ever let your wins get the best of you, it's luck that get you the 5k so such money isn't meant for gambling anymore.

It's greed and emotion that let people think they can win more if they can increase their risk tolerance amount, they instantly stop thinking about what happens if they lose the money, gambling isn't this easy and OP is making gambling look easy, gambling can't be a source of income, god of gamblers only exists in movies.

Oh, I thought this was for winning, turns out it was just using the money you used to win. Sounds unreasonable since I don't think this is pretty good if you wanted to spend money instead of gambling since, well, you can just gather the money you're supposed to use in gambling and instead use that for whatever you were going to spend it in the first place. Having that middle process of "gambling" isn't really going to help, it'd only damage yourself imo.

Maybe if the item was like idk, a 1000x or 10000x higher, or simply unattainable with your current monthly income, then really, just maybe. But then again, you'd be hard-pressed to win in the first place since this approach is only considering a single win, so the odds are pretty low for you. Might as well just earn and idk, invest in something to get passive income, slowly and steadily increasing your monthly income.

And this only considers that you "win". Who knows how much you actually lose in a regular session really.

A 80%/20% cut sounds reasonable if the bankroll the gambler had after the strike of luck is big enough to justify handling with the rest of the money represented by that 20%.

As for me, I would work because my budget would allow me to have some fun in dices for some hours before I losing it all in a bad luck streak. But for those who go with small wagers and very high multipliers, even after getting their high multiplier they would only have a handful of dollars in their wallet.

So, the percentage is situational, I would say to use a less conservative cut, for those how like to engage with small sum of money, something like 60/40, or even 50/50.

I would also agree it would be very constructive if you shared some spread sheet with the results of your using this strategy, that is if you do not mind, of course, I would not blame you if you decide not to disclose your earning to people you do not know on the internet.

I really appreciate your strategy, but to be honest, all of this will not be as easy as you plan and many gamblers fail to have a financial management strategy in gambling because situations and conditions can change while gambling, such as when you are committed to the strategy you planned, but When you have a losing streak you will be provoked by emotions and at that time you will lose control and you will continue to spend your money.
most gamblers have experienced this problem and I am pretty sure many of them have had various methods like this but the end result always fails.

It's a great idea but gamblers have different orientation and different luck when they win games, their mode and approach differs too. I agree with your point but there is more time I twist some of your points.

Gambling is lucky base + skilled but irrespective of how and when you win, you should have wins in multiple, small loss or no loss at all, that's unavoidable though but anything netter than having loss all the time is the best. I know amount l use in betting, when that budget finish, I take a break whether I have a win or loss and I don't rollover losses, I believe anytime I lost a bet I don't go back to chase the initial, I often lose more than win back the initial loss, so rollover is always pointless.

For any bet I stake, if I have a win, I don't restake the money, that's like gambling on money I already made from gambling. If you are not cautious, you lose the profit again because betting platforms are smart, they will take back everything from you, when I win I withdraw it and I don't care how little it's as long as when I check my monthly deposited is lesser than withdrawal, then I'm good to go. That's how the circle continue everytime and I'm satisfied with my way.

It's a good idea but I don't know if it can go according to your plan or if you will suffer many losses. But it can be tried if you want to see the results or have already tried it. Resting after gambling is important to reduce the tension you get when gambling. If that works for you, congratulations. But if not, you can replace the strategy with another one. The important thing is that you don't try to chase victory because that is the hardest to get. And if you have won, immediately stop and withdraw the winnings.

I don't have a better idea but whatever is good and works for you, that's much better. We've got almost the same approach to budgeting and betting. That should be followed and a must thing for me. Because if I go beyond my budget, that's no longer part of the plan and I just broke my rules. That's a bad thing for me as I have made mistakes in the past and it's all about how I plan things especially when I gamble. That's why, I am stricter these days if it's about the budget that I have set. And if I don't follow that, then it means that I have no credibility for myself and I should be accountable for that. Principles over mistakes and so on, you got to choose what you think should be followed and a must thing not just as a gambler but also an individual that have a strong bond to what you think is wrong and right.

That's a good approach for the time when you manage to win, however, you should also mention about what you do when you lose a certain amount or you lose your budget before you win something because that is more if not more but equally important for any gambler to have a certain plan about when they lose because losses are more frequent than wins when it comes to gambling, so having a plan just for the wins and not for the losses wouldn't really work.

So, when you start planning things out, you should first plan what you will do if you don't win anything and lose all your budget, If I was to suggest something, I would say that you should decide a weekly budget for your gambling and if you lose that before the week ends, you should take a break until the day when you started gambling comes back and then you should start with the same budget again.

Well, personally, I really like how you make bets and your method is good , because basically it is limited to the fact that when you have the opportunity to withdraw your winnings you don't hesitate, and I like the time you have between winnings and Wnnings. I like it, generally not dreaming all the time, right? There must be times when you play One day and lose, because when things are done like that you should also take a measure Similar to that , because losing is also I really like an option when a person is positive, but part of the things that can be achieved by being in a casino can be that way, based on what they have said here it is easy, because at least I always designate a budget willing to lose , if I lose it doesn't matter, I'm left with the Enjoyment, but if I win better, I didn't plan it, thinking that when you enter a casino it is with the Desire to win but I don't leave aside the reality of everything that is basically being in the casino Ready that there Can be a touch of Luck and win a lot, in the games that are like that it is in the tragmewaves, where luck is Basically on our side and if we Increase a bet and we win, then Congratulations.

Based on those signs that you have, or your conditions, rules as they want to call them, it seems to me that they are well structured, the part that I like the most is the budget and that you take 80% of the profits and you will spend those days spending them, That seems excellent to me, because there are many people who can be winning in the casino and leave the money there, they have a lot of trouble, it's as if they don't have any money because they don't know it, they don't do anything except leave it there, so sometimes when it's left on the platform it's money is very easy to take to risk playing and many times you lose, so these types of things are what are avoided using the method you put there, Nothing Bad , I like it and to be Honest this is a lie that players have to Avoid falling into Addiction, I wish many could Also Copy your Method.

No not only after winning or how they spend their profits but also before they start playing. It is ; one gambler decides to play for fun and they will only deposit smaller amounts and the other plays for profit and they will deposit a slight higher amount. That's great if you have a strategy on how you spend your winnings.

I guess this is one of a sign of being a responsible gambler. But, maybe there are also some responsible gambler who choose to re-roll their winnings in gambling again. It's either they will use the full amounts ( but not in a single session ), or a portion of it and the rest will be spend outside gambling. Gambling is like any other thing anyway. It can still make us happy.

money management doesn't improve your chance to win a bet but is a nice way to maximize win and avoid big mistakes.
So yes, to be honest, this could be a nice approach for money management but nothing more.

But this is just a trick to overcome rational accounting and instead make up your own mathematics that may or may not reflect reality. If you withdraw some money to your account and you are not left with any more money to gamble later on, what money are you going to use then? If you say you use your monthly earnings, isn't it irrelevant what source of money you are using when the result will be the same? Whether it is winnings or salary or savings, if you lose you have less no matter what the source is called. I think it is much more important to have an exact overview of whether or not you are a losing player and whether losing is still worth the fun. If you withdraw 80 dollars from 100 dollars winnings and spend it on something, and then you credit your account again with 100 dollars from your salary 3 or 4 days later, it is not a solution to having control about gambling expenditures or losses. I think most people know that often times what gets withdrawn to your bank account finds its way back to the gambling account just a few days later depending on the amount you won of course.

Dealing with gambling doesnt really mean that you would really be needing to be successful.The only thing that you should really be minding is on how you would really be making yourself not get addicted or becoming that impulsive towards it because this is always been the main issue on the time that you would really be needing to deal up yourself something like this or with this activity. We do win some or lose some and this would really be the only outcome on which we could really be able to experience. Proper money management would be the key so that you wont really be ending up on spending like a madman just because you had made yourself that becoming impulsive on which it would really be just that right that having proper financial allocation will really be just that recommended.

Its good that you could already make out those kind of allocation on which this one do simply shows that you are really that having that discipline and control towards self and this is something
that not all people could be able to do once they do really be able to deal up with gambling.If you do find yourself that dealing up with something like this
then control and discipline is really that necessary.

I guess @OP is betting a huge amount of money and this is applicable for those who bet average to huge amount of money but is not applicable for small gambler where they only bet at a minimum.  For example, if a gambler is a slot player and he is a minimum bettor. A win 10x win on a $0.1 bet is too small to withdraw  and doing the practice stated by @OP will only make the session unenjoyable.  It is probably applicable for sports betting where the gambler bets an average to high wager.  But at the end of the day, it will easily get broken when one suffer a losing streak.

A good player is much more prepared for a losing streak than for a glorious victory.
Defeats are part of a player's life, so even "successful" players may have experienced several defeats in a row but never witnessed the same winning streak or grand victory. This is because they know how to manage risks and be successful with small, sporadic victories.
But even good players, who have experienced many defeats, would often not know how to handle a big victory.
The most important thing, I believe it is the third item mentioned.... immediately withdraw 80% of the winnings and continue playing as if "nothing had happened".
It takes a lot of self-control in these moments, to contain the emotion of victory and continue playing as planned. If this is not possible, it is best to stop playing for a while until you can recover emotionally.

It's a wonderful approach except that it's not under control or your discretion to decide when or how the winning streaks will be. Some of us had one time set different divergent beautiful approaches as guide in how we would gamble and make good use of our wins whereas gambling-reality swept us off our feet before we knew it turned out differently as everything was beyond our control. I think a part that will be more easy to actualize is focusing more on being a responsible gambler, expecting the unexpected in the outcomes mainly that we never can tell when we will have our next win.

Personally only when I win big I cash out huge part of them but when I keep winning little amount I have some wagering strategies to spend this amount in order to use it to increase my VIP level at the casino where I play so I can have better benefits from these levels.

When we lose if we have set the budget and call it a day after losing it,it means that we are a disciplined gambler that is very difficult to fall into addiction.For example like you say if that personal enjoyment 5% can buy you a new PS5 for example by all means cash out and buy it,I do this only sometimes though,buy a new gadget with the gambling wins,this gadget every time I use it reminds me of a gambling win  ;D.

The reality we get from gambling is very different from what we imagine when we imagine getting a big win after one last spin. But what happens is the opposite, where we experience many losses because after that last round, we experience loss. We instead decided to continue a few more rounds. And it turns out that triggers us to suffer more losses.

I also think that focusing on being a responsible gambler is the duty of each gambler to avoid all the problems that can arise after playing gambling. Most gamblers lose focus, so they cannot become responsible gamblers and instead become addicted to gambling. We must prevent this from happening to us so that we can gamble comfortably and enjoy all the moments.

Well, if we may also look on it at another angle, some may see this kind of practice as being acceptable type while others may not, this means everyone of us have different ways of administration to gambling, this is why you will discover this that someone will be doing something wrong while to his own eyes he's doing the best, if going by what your minds gives then it's likely we don't go against our wishes as long as the end also will not wrongfully surprised us.

Theoretically this could be a perfect plan for people who gamble. But in order to implement this in real world, it is quite hard. Gamblers who are professional they don't see gambling as a profession or a way of making income. So they set a budget only for gambling and whether the win all lose that won't matter to them. If you think about gambling this way then I don't think people need plants like this.
Gambling is for enjoyment and if you're winning frequently then you can use that money for other purposes. But most of the gamblers who are gambling won't be able to resist the urge to continue to gamble. But if one can implement this strategy then this should be a good way to fulfill your hobbies and other things that requires money.