management of risk and money on gambling

[JasonXG]

Lol risks ? Management !? I just go crazy and go for it. I want the big win. I plan to manage my funds but it never comes to it. I just plan to manage but not actually manage xP It all goes out the window when I'm in the middle of playing.

[The Sceptical Chymist]

Plain and simple:  Any bitcoin I own is money I can afford to lose, so if I gamble any then that's all the risk control I need.  I never gamble with fiat except in the stock market,  and even then I'm not an active trader.

[erikalui]

It's better to gamble with free bonus or giveaway money or take part in the contests like Luckybit and Primedice have contests almost every month. That's better to participate and win or lose rather than gamble everyday and keep losing. There's no way to manage your losses as it's all a luck based game but you should have an amount that you can keep aside and gamble with. Risk does exist in every game but for sports betting, you can follow websites that give you tips on betting on the right team. That can make your risk a bit less.

[bering]

for those who considers gambling for fun that's very good but unfortunately majority people who start to gambling not only for fun but they want money that's why they do more gambling every day because they thought with gambling they will get easy money and can't control their self until become an addicted but i personally only gambling for the particular amount and if i lost it i won't continue and stop gambling for those days

[TraderETH]

Lol risks ? Management !? I just go crazy and go for it. I want the big win. I plan to manage my funds but it never comes to it. I just plan to manage but not actually manage xP It all goes out the window when I'm in the middle of playing.

Ok, if you are not manage risk and money, you will lost alot of money because there are not rules on your gambling and you can not control your self because of greedy and curious. Or you have another method come on share at here.

[jhenfelipe]

Yes, you gamble for fun, but you can't disregard the fact that you are hoping to win when you are playing. RIght? Sometimes that play for fun added a fuel to make a fire. So when you play and win, sometimes you'll be greedy, wanted to win again while when you lose, you try to get back your losses. Then you already forgot that you are just playing for fun. Well, it's still a matter of self control. Thankful I have lots of that, and it was already on my mindset that gambling isn't for me.

[novemberwoah]

Yes I really like you. I rarely gamble and I used to gamble when I want, it's usually when I'm bored. I also bet not in large numbers because I was afraid if I bet I will have been lost. I just consider bitcoin as a game.

[Noctis Connor]

You must be wise in managing your risks and money when gambling, because if you can't do that, you will continuously lose. Just make a plan, if you made a big loss, stop now. Don't gamble all of your money.

[GreenBits]

Gambling is just for fun and game to me no more, but even if it is just game and for fun i always apply management of risk and money. And i always play gambling with i can lost it. And i don't play gambling every days.
Do you apply same something what i have doing or you are very can not control your self? Share your opinions at here.

Like investing, I only gamble what I can afford to lose (much less in the case of gambling ) . When I reach x return, or run out of pre allocated amount of funds, I'm done for the night. You have to employ rules before you go in; this isn't just a game, it's a game for money. Always apply discipline when you deal with money.

[BitcoinSupremo]

Its good as long as you play with money you can afford to lose cause you are not harming yourself or family even if you lose it all. For example if you make lets say 0.10 btc per week and your aim was 0.05 btc then you can do whatever you like with the 0.05 btc additional amount you have got. Things tend to go for worse when you think that you can be rich from gambling. I have seen so many people in my country in the lotto shop playing triples in sports bet and betting huge amount in an attempt to get easy cash. Unfortunately there's no such thing as easy cash, yes you can make them with a bit of luck but in the long run you can lose it all if proper money management is not in place.

[GreenBits]

Its good as long as you play with money you can afford to lose cause you are not harming yourself or family even if you lose it all. For example if you make lets say 0.10 btc per week and your aim was 0.05 btc then you can do whatever you like with the 0.05 btc additional amount you have got. Things tend to go for worse when you think that you can be rich from gambling. I have seen so many people in my country in the lotto shop playing triples in sports bet and betting huge amount in an attempt to get easy cash. Unfortunately there's no such thing as easy cash, yes you can make them with a bit of luck but in the long run you can lose it all if proper money management is not in place.

And please don't forget the guys that buy lottery tickets all day. I have watched people spend half of their check on stratch offs and quick draws; people that play these forms of gambling probably spend a larger percentage of income betting without even realizing it. Losing a dollar 100 times feels a lot different than losing 100 in one go. Deceptively different.

[bbc.reporter]

Gambling is just for fun and game to me no more, but even if it is just game and for fun i always apply management of risk and money. And i always play gambling with i can lost it. And i don't play gambling every days.
Do you apply same something what i have doing or you are very can not control your self? Share your opinions at here.

Do not bet more than 1% of your funds for gambling in any one bet. Adjust the amount of your bet always to 1% when you lose a bet because your funds are going lower and lower. But if you win, of course your bets go higher and higher. Also set a stop loss every time you gamble. You do not want to be down 50% in one day.

[dinda22]

when I play gambling for fun, I do not think about the risk, because I play with money ready to lose. but at least, I still play using strategy and do not take big risks, and hopes to benefit.

[frankyfry]

Yes You must control yourself. Dont bet too much. its too risky.

[BTCevo]

It's better to gamble with free bonus or giveaway money or take part in the contests like Luckybit and Primedice have contests almost every month. That's better to participate and win or lose rather than gamble everyday and keep losing. There's no way to manage your losses as it's all a luck based game but you should have an amount that you can keep aside and gamble with. Risk does exist in every game but for sports betting, you can follow websites that give you tips on betting on the right team. That can make your risk a bit less.

Free bonus money will not let you have much profit though, unless you can be really lucky enough to get profit because free bonus is just for us to test the site not to gain some profit moreover the free money is too little tbh so it wont be enough to achieve some profit. Btw some websites dont give you good tips you just need to sort it well to which team are going to win and still luck play good role on every gambling so without luck you will not get any profit

[ethereumhunter]

Gambling is just for fun and game to me no more, but even if it is just game and for fun i always apply management of risk and money. And i always play gambling with i can lost it. And i don't play gambling every days.
Do you apply same something what i have doing or you are very can not control your self? Share your opinions at here.

i play gambling just for fun, and i only play if i want, if not then i will stay away from gambling. if you ask about management of risk and money, then i am do not really thinking about that, as i told you that i play gambling just for fun. if you worried about play gambling always apply management of risk and money, then do not gambling.

play without any risk, like a child when they play, they just smile and laugh, even if they cry, they will be laugh again in a moment. so do not have worried about any management like you thinking. just play, even finally if you lose, do not regret it, just realize it, this is one risk if you play gambling.

[ralle14]

Gambling is just for fun and game to me no more, but even if it is just game and for fun i always apply management of risk and money. And i always play gambling with i can lost it. And i don't play gambling every days.
Do you apply same something what i have doing or you are very can not control your self? Share your opinions at here.

I do the same thing i divide my deposit in to 10% per bet then start betting on matches I dont like going all in on every match I bet on because once you lose its over and you will start again from the very bottom.

[SyGambler]

managing the money shouldn't have any effect on -EV games , but of course the amount of money should be what you afford to lose
let's say you have 1 btc and you want to make it 2 btc , there was a thread before that discussed what is the best method to do that and mathematically it showed that the best you can do is to go all in on X2 , so there is no money management in -EV games
but in +EV games you can't have success unless you manage your bankroll well 

[minime0105]

Gambling is just for fun and game to me no more, but even if it is just game and for fun i always apply management of risk and money. And i always play gambling with i can lost it. And i don't play gambling every days.
Do you apply same something what i have doing or you are very can not control your self? Share your opinions at here.

I can say that I'm a mature gambler now, betting only on sure bets, hehe, sometimes, making some parlays with the percent winning of sure bets,
although i can say, too many people still don't have the discipline and mix their emotions in gambling.

[electronicfactura]

Gambling is not for me way to get living or get rich quick program. I play smaller bets which are both for fun and making some money in same time. These bets are not big and can afford to loose them. My balance is almost same because of these smaller bets as overall it takes me to same after few wins and few lost bets.