Know what bankroll management is in sports betting?

[Ziskinberg]

It would be best to keep a bank management, and stick to your own. We all know the feeling of losing many times in a row, and that's when the problems begin.
You increase your limits and the effect of bankroll management is completely gone. And not much later your balance too.

If we are playing for money then whatsoever the problem will just keep on rising as there are various factors that would then come in during various instances, but on other hand if you do not bother even if lost and playing to entertain yourself then many things automatically gets solved and need not to worry.

Playing for money should not bring you a problem as long as you are responsible.
The thing is, some people viewed gambling for money as a negative thing, as a way to lose more money, IMO, that is wrong because there are professional gamblers and they are obviously gambling for money, so if they can do it, it should not be impossible for us if we try.

Be positive about gambling, as long as we know what we are doing, we should be okay, even if we lose.

[Fredomago]

Playing for money should not bring you a problem as long as you are responsible.

It's your money that you needed to protect, if you value that much you'll find ways to make some good advantages,
never to excel from your strategy, keep yourself inside your original plan.

The thing is, some people viewed gambling for money as a negative thing, as a way to lose more money, IMO, that is wrong because there are professional gamblers and they are obviously gambling for money, so if they can do it, it should not be impossible for us if we try.

It's not impossible if you are really aiming for it. There are lots of efforts that you needed to deal with, taking good understanding and
have deeper research from each games that you'll going to bet with.

Be positive about gambling, as long as we know what we are doing, we should be okay, even if we lose.

Perfectly said! as long as you are taking full responsibilities and you can absorbed those loses that may take place,
you are good to go and continue your journey to succeed.

[South Park]

Easy to say but really hard to be followed by someone depending on how strict your are and very good in self discipline and we know that not all would really be
having the same traits when it comes on handling out themselves in situations like these.In order to sustain yourself then good bankroll management is really
suggested but if you do let your emotion do control you then expect for unfortunate events to happen.Somehow these mistakes or results will
really able to make you learn that finance handling is really important for you not to bust up that fast.

Of course it's easier said than done, but like what I've said, it's not impossible to learn a proper bankroll management, just like running a business, you have a plan and you follow it, and in gambling, you have to change your perspective, treat it as a business than a pure entertainment.

It is not as hard as it seems once you realize the path of following your emotions and making a lot of huge bets leads you to a potential disastrous loss then it becomes easier to implement money management skills, especially if you have a system that can generate profits in poker or sports bets, obviously since we are humans and not robots we make mistakes but as long as we avoid making the mistake of not following our money management strategy regularly then we are going to be fine and keep earning money from our bets.

[Fatunad]

Easy to say but really hard to be followed by someone depending on how strict your are and very good in self discipline and we know that not all would really be
having the same traits when it comes on handling out themselves in situations like these.In order to sustain yourself then good bankroll management is really
suggested but if you do let your emotion do control you then expect for unfortunate events to happen.Somehow these mistakes or results will
really able to make you learn that finance handling is really important for you not to bust up that fast.

Of course it's easier said than done, but like what I've said, it's not impossible to learn a proper bankroll management, just like running a business, you have a plan and you follow it, and in gambling, you have to change your perspective, treat it as a business than a pure entertainment.

It is not as hard as it seems once you realize the path of following your emotions and making a lot of huge bets leads you to a potential disastrous loss then it becomes easier to implement money management skills, especially if you have a system that can generate profits in poker or sports bets, obviously since we are humans and not robots we make mistakes but as long as we avoid making the mistake of not following our money management strategy regularly then we are going to be fine and keep earning money from our bets.

Money management is important because if you are a type of gambler who do make big bets just like theres no tomorrow then you would probably busting up in no time
compared to those people who do know to allocated their capital in numbers of bets rather than focusing on a single bet with huge amount that they are putting on.
Always think on how you do sustain yourself in longer runs and not just thinking to make bets in one go and once you lost then you will completely stop for a while
because you would wait for another funding unless if you do have unlimited funds then you wouldnt really care at all when it comes to money management.

[Questat]

Easy to say but really hard to be followed by someone depending on how strict your are and very good in self discipline and we know that not all would really be
having the same traits when it comes on handling out themselves in situations like these.In order to sustain yourself then good bankroll management is really
suggested but if you do let your emotion do control you then expect for unfortunate events to happen.Somehow these mistakes or results will
really able to make you learn that finance handling is really important for you not to bust up that fast.

Of course it's easier said than done, but like what I've said, it's not impossible to learn a proper bankroll management, just like running a business, you have a plan and you follow it, and in gambling, you have to change your perspective, treat it as a business than a pure entertainment.

It is not as hard as it seems once you realize the path of following your emotions and making a lot of huge bets leads you to a potential disastrous loss then it becomes easier to implement money management skills, especially if you have a system that can generate profits in poker or sports bets, obviously since we are humans and not robots we make mistakes but as long as we avoid making the mistake of not following our money management strategy regularly then we are going to be fine and keep earning money from our bets.

It will start from your purpose in gambling, if you re eager to make money and you are realistic with what you are doing, then I guess you'll eventually learn the proper way for money management or most popularly called as bankroll management.

Nothing is easy for sure, but as you continue with your journey and you keep learning, you'll certainly go at the right path.

Thing is, anyone can do the proper bankroll management, but the hardest here is to raise a decent amount of bankroll as that will dictate how much you are planning to win before you stop.

[ethereumhunter]

Be positive about gambling, as long as we know what we are doing, we should be okay, even if we lose.

Perfectly said! as long as you are taking full responsibilities and you can absorbed those loses that may take place,
you are good to go and continue your journey to succeed.

That is what we need in gambling, but unfortunately, not many people will realize that. They will lose their responsibility in gambling, especially if they lose their money consecutively. It will make them feel angry, sad, and disappointed, and they want to get their money back. Knowing the bankroll management will help them in any gambling game type, so they can have discipline while they play gambling.

[FlightyPouch]

Be positive about gambling, as long as we know what we are doing, we should be okay, even if we lose.

Perfectly said! as long as you are taking full responsibilities and you can absorbed those loses that may take place,
you are good to go and continue your journey to succeed.

That is what we need in gambling, but unfortunately, not many people will realize that. They will lose their responsibility in gambling, especially if they lose their money consecutively. It will make them feel angry, sad, and disappointed, and they want to get their money back. Knowing the bankroll management will help them in any gambling game type, so they can have discipline while they play gambling.

Before managing your bankroll, manage yourself first. Even though you have the plan to manage your finances, if you can't control yourself from gambling you might have a problem not following that plan. Bankroll is not the only thing you should control, yourself too should be controlled.

[Mauser]

Im agree with this never chase your losses one you lose you should know when to stop because the more you chase your lose the more eagerness you play and the more you play the more chances you lose again and again  it's my habbit to gamble but i know when to play or when to bet i only bet in sports and some of my profit in betting from sports i play it in some gambling site which if i can a bit i withdraw and then wait again for next sports where i can bet.

Well said and the problem with chasing losses is that once you are able to do it you will start thinking how easy it was and why not make some profits. On the other hand if you lose while chasing you will continue chasing the endless loop. You can see your loses and improve like if you are losing too much money on casino you can set smaller limits for casino and bet more on sports or vice versa but don't chase the losses.

Control your emotion to calm your mindset, if you lose that much it is really hard of course , but this is really good which is 1 bet at a time to make more chances in winning. sports is the best one when you do analyzing before betting.

Control will come only if you lose small amounts so keep lowering your bet size slowly and once you feel at a particular amount you don't get too upset with losses that is the best bet amount for you.

I fully agree with you, the key to successful bankroll management is always to bet in relation to your total bankroll. I learned this myself the hard way when I started with online poker, I had a few really good hands and made money and decided go move up the stakes. After running bad  then I got wiped out and had to start from scratch.

Placing our bets in relation to our losses or wins us just wrong, we need to minimise the risk of losing it all instead.

[kkaroul4]

I think I can do most of what the OP said but I think what I find difficult is the second one the one with the stop chasing losses usually I write down my losses and try to recover it but I think the OP is right we should not chase our losses.

[bitterguy28]

I think I can do most of what the OP said but I think what I find difficult is the second one the one with the stop chasing losses usually I write down my losses and try to recover it but I think the OP is right we should not chase our losses.

And that will keep you in vain talking about gambling mate because the more you eager chasing those losses are the careless you become in making decisions in betting.

Always have a new Plan and new mood when starting a day playing because at least the luck might seat beside you.

I'm done in something like that,to try winning back what i loss yesterday,instead i forget about that and welcome the new day.

[abhiseshakana]

I think I can do most of what the OP said but I think what I find difficult is the second one the one with the stop chasing losses usually I write down my losses and try to recover it but I think the OP is right we should not chase our losses.

The biggest temptation when gambling is the desire to win, so it is very natural for a gambler to feel annoyed when s/he loses. This condition can make the emotions run out of control and it can trigger gamblers to chase losses.

Likewise, when the gamblers got a big win but they don't know when to stop (too greedy) or they can't control their emotions, then the wins can just vanish and end up in painful losses. And again this situation can cause gamblers to chase losses.

[newwest]

I think I can do most of what the OP said but I think what I find difficult is the second one the one with the stop chasing losses usually I write down my losses and try to recover it but I think the OP is right we should not chase our losses.

I also do maintain the record of loses so that by end of month I know how much I ended up losing or in case if winning just for my knowledge purpose. This just helps as well to keep a check and not to overboard because at times it is easy to get carried away and without much realizing in some time addiction gets over you which I do not want to do it. So, this is the best what I feel to keep a check on it.

[Fredomago]

That is what we need in gambling, but unfortunately, not many people will realize that. They will lose their responsibility in gambling, especially if they lose their money consecutively. It will make them feel angry, sad, and disappointed, and they want to get their money back. Knowing the bankroll management will help them in any gambling game type, so they can have discipline while they play gambling.

Such emotions only leads you to keep losing more, if you are focused as you really wanted to succeed. There are lots of time that's needed to practice and perfect good strategy. The attitude of having luck is no longer effective, you need to think wiser and grab every opportunities that will led you to achieved.

First step, emotional control. Very important to learn when to stop, both winning and losing if you know where's your limitation it will allow you to cool down and take time to relax. Take little step at a time and you'll see improvement to your outcome.

[milewilda]

I think I can do most of what the OP said but I think what I find difficult is the second one the one with the stop chasing losses usually I write down my losses and try to recover it but I think the OP is right we should not chase our losses.

The biggest temptation when gambling is the desire to win, so it is very natural for a gambler to feel annoyed when s/he loses. This condition can make the emotions run out of control and it can trigger gamblers to chase losses.

Likewise, when the gamblers got a big win but they don't know when to stop (too greedy) or they can't control their emotions, then the wins can just vanish and end up in painful losses. And again this situation can cause gamblers to chase losses.

Emotions is the greatest factor that do heavily affect on someones decision making on scenario that they do experience.This is why its really important that you are self-aware on situations you are into.
Secure profits while you are still winning and stop when you do lose up your money or entire bankroll and call it a day but we know that this isnt as simple as it sounds because lots will really fail.
Bankroll management is important if you do like to sustain yourself then better to be wise on handling out your finances or else then you will be bust out in a short time and that wont really
be fun at all because the main thing we do aim on doing gambling is to enjoy the games we do like to bet on.

[Maslate]

I think I can do most of what the OP said but I think what I find difficult is the second one the one with the stop chasing losses usually I write down my losses and try to recover it but I think the OP is right we should not chase our losses.

I also do maintain the record of loses so that by end of month I know how much I ended up losing or in case if winning just for my knowledge purpose. This just helps as well to keep a check and not to overboard because at times it is easy to get carried away and without much realizing in some time addiction gets over you which I do not want to do it. So, this is the best what I feel to keep a check on it.

I would say it's a nice strategy, keep that record updated so you'll make a timely decision.
Don't be like other gamblers who count their winnings and forget their loses as that would result them to being surprised they already lose a lot.

Some gamblers also are so indiscipline, they rejoice winning just like they win everyday but when they lose they keep chasing their bet until it will result to a decision that they will regret the outcome, seen many of that and personally have experience that myself.

That's a real risk what I'm talking here if we gamble without the discipline in bankroll management.

[ReiMomo]

Everything that OP mentioned is true and ideal however the only thing that matters is if the bettors or the gamblers will be able to follow such behavior. In fact, most of us who do betting follow it for a while but later on due to greed and uncontrollable emotion we unconsciously change into something that we don't want to be prior to our gambling habits.

I guess I would appreciate all the things that OP provided because it can still remind us somehow on how to deal with our behavior towards gambling but it could still be more applicable if we always retain to our mind the greatest rule of all time and that is a gamble with the amount that you can only afford to lose.

[ethereumhunter]

That is what we need in gambling, but unfortunately, not many people will realize that. They will lose their responsibility in gambling, especially if they lose their money consecutively. It will make them feel angry, sad, and disappointed, and they want to get their money back. Knowing the bankroll management will help them in any gambling game type, so they can have discipline while they play gambling.

Such emotions only leads you to keep losing more, if you are focused as you really wanted to succeed. There are lots of time that's needed to practice and perfect good strategy. The attitude of having luck is no longer effective, you need to think wiser and grab every opportunities that will led you to achieved.

First step, emotional control. Very important to learn when to stop, both winning and losing if you know where's your limitation it will allow you to cool down and take time to relax. Take little step at a time and you'll see improvement to your outcome.

Indeed. If we can realize that playing gambling is like managing emotions and learn how to be patient, we will not get deeper into gambling. Instead, we will see that gambling is only a part of life which we don't have to play if we think it does not give benefit to us. We don't have to achieve something in gambling because the risk of losing money will be bigger. But if somehow we can achieve something like making money from gambling, that will be a bonus to us because the luck factor helps us. Calm down will be necessary for gambling, so we don't follow our emotions and make a rush in gambling.

[Janation]

I think I can do most of what the OP said but I think what I find difficult is the second one the one with the stop chasing losses usually I write down my losses and try to recover it but I think the OP is right we should not chase our losses.

One of the most popular mistakes we've done in the past.

You already lost when you think of chasing for your losses, you should immediately stop if that became your goal. Our goal is to have fun, to be entertained while we risk our money into these games. I think we can also call that greedy since we are thinking we could take it all back and just take back the time lost with wins.

[Botnake]

I think I can do most of what the OP said but I think what I find difficult is the second one the one with the stop chasing losses usually I write down my losses and try to recover it but I think the OP is right we should not chase our losses.

One of the most popular mistakes we've done in the past.

You already lost when you think of chasing for your losses, you should immediately stop if that became your goal. Our goal is to have fun, to be entertained while we risk our money into these games. I think we can also call that greedy since we are thinking we could take it all back and just take back the time lost with wins.

Well no, our goal should be to make money and have fun at the same time, that's being realistic man as no one would have fun if they lose their money in gambling, coming from me who gambles in different gambling sites and have done a lot of mistakes in gambling already.

Controlling your bankroll is a must, but the goal should be the win.

[Questat]

I think I can do most of what the OP said but I think what I find difficult is the second one the one with the stop chasing losses usually I write down my losses and try to recover it but I think the OP is right we should not chase our losses.

One of the most popular mistakes we've done in the past.

You already lost when you think of chasing for your losses, you should immediately stop if that became your goal. Our goal is to have fun, to be entertained while we risk our money into these games. I think we can also call that greedy since we are thinking we could take it all back and just take back the time lost with wins.

Well no, our goal should be to make money and have fun at the same time, that's being realistic man as no one would have fun if they lose their money in gambling, coming from me who gambles in different gambling sites and have done a lot of mistakes in gambling already.

Same here, the goal is to make money, and I don't believe that a gambler would just say gamble for fun and that's it.
As a human, we are greedy by nature, so regardless of our bankroll size, we still want to win.

We only different on bankroll size and our approach on it, but we have one common goal which is to win.

Controlling your bankroll is a must, but the goal should be the win.

I know because sometime in the past I lost my control and everything goes bad, bankroll was wipe out in just minutes of playing.
Bad experience that I don't want to happen again.