Know what bankroll management is in sports betting?

[Mahanton]

This are great advice but in my experience even with the great advice in mind it's really hard to apply it in actual gambling and when the greediness of you to win and the urge to win back the losses I don't think it would really hard to remember this things but with practice I think anyone would be able to follow this advice.

When you do already able to get some experience in multiple situations then you might able to realize and able to avoid it in next time.
People wont learn if they wont experience it thats why even telling them will be somewhat useless because people are greedy in nature
but due to strong self discipline this can really be controlled up not only with gambling but also in real life situations where decision
making is important. Management in everything is crucial and needed and if you do like to succeed in sports bet then this one
is one of the qualities that you should have.

[1715525000]

1715525000

[1715525000]

1715525000

[1715525000]

1715525000

[Bttzed03]

1. Set a personal minimum/maximum bet for each match.
2. Pick a team with the likelihood of winning with better odds.

I don't usually bet on teams with odds less than 1.5. It's tempting to double or triple your bet on a team that's likely to win but with odds like 1.2 just to maximize your profits. The risk might be low but when you lose, that's going to sting a bit.

[Fredomago]

This are great advice but in my experience even with the great advice in mind it's really hard to apply it in actual gambling and when the greediness of you to win and the urge to win back the losses I don't think it would really hard to remember this things but with practice I think anyone would be able to follow this advice.

When you do already able to get some experience in multiple situations then you might able to realize and able to avoid it in next time.
People wont learn if they wont experience it thats why even telling them will be somewhat useless because people are greedy in nature
but due to strong self discipline this can really be controlled up not only with gambling but also in real life situations where decision
making is important. Management in everything is crucial and needed and if you do like to succeed in sports bet then this one
is one of the qualities that you should have.

If you'll develop that strong will the discipline inside you will dictates how you'll be able to manage your bankroll properly, chasing loses is one of those factors that will only lead you to lose more.

Having a mindset that there's always tomorrow whatever happened today will allow you to catchup better to quit while you still have money inside your wallet than allow yourself to push thru and bust everything.

Being calm and always find enjoyment, that's helps to avoid losing control and greediness, if you have it
inside you it will let you decide properly and in the end of the day you'll enjoy playing the game.

[Shasha80]

Never chase your losses

For me who find it hard to accept losses, never chase your losses is hard to follow. The few times I have double bet to catch up
on my losses, I know this is not good for my bankroll. But I am only human who sometimes gets out of control. This is one of my
weaknesses that I want to fix, but I can't do yet.

[Stedsm]

Never chase your losses

For me who find it hard to accept losses, never chase your losses is hard to follow. The few times I have double bet to catch up
on my losses, I know this is not good for my bankroll. But I am only human who sometimes gets out of control. This is one of my
weaknesses that I want to fix, but I can't do yet.

Nope, you're not the only one, any gambler who doesn't have control on his mind while betting would do that. Be sane, don't go insane because money is money no matter where it came from, so even losing a penny matters. If you'll start thinking this way, I won't say that you'll be entirely in profits but yes, you will be under least loss. When you say "doubling my bets", you're doing martingale and it can only be good if you don't get too long a losing streak that you can't resist. I've also seen some players who just double their bets, then quadruple it and then go all in and lose. Don't be one of them, follow the advices given here and play safe.

[Yaunfitda]

I don't think there is just a one rule to cover everything, and even if others are practicing safe bankroll management, you can still fall sometimes that you want to bet even more than 1 stake because you feel the urge to (just like the majority of the gamblers are). Similar to when you are going to a traditional base casino, before playing you always tell to control yourself, but in the end those bank roll system you put into place are thrown out of the window, because your bet are affected by our emotions already.

[shield132]

I think no one can teach anyone how to use their bankroll during gambling. Simply there is no idea about it because psychology plays a huge role during this process. I can set limit to myself but at the same time I can change the rules/plans anytime during my sessions if I feel to do so and there are a lot of people who feel that way because there are a lot of chemical reactions during sports betting too, it's an adrenaline rush and at some point euphoria when you win or are actively looking matches and are in process. These are the advice that everyone can think over.

[rhomelmabini]

I don't think there is just a one rule to cover everything, and even if others are practicing safe bankroll management, you can still fall sometimes that you want to bet even more than 1 stake because you feel the urge to (just like the majority of the gamblers are). Similar to when you are going to a traditional base casino, before playing you always tell to control yourself, but in the end those bank roll system you put into place are thrown out of the window, because your bet are affected by our emotions already.

There may be diverse rules to follow but overall if you can master 1,2 or three of it I think it will be a key to your gambling life and the number 1 rule to setup is the attitude and discipline towards it. I bet these happen to all gamblers but when you get some experience or say you're already a pro I think you may able to control that urge especially when chasing losses where most gamblers fail to sway.

Bankroll management I guess is hard to meet by our own standards but if there's some key to it I think it should be an advisor or something that always never fail to remind you that you may stop during some point of either win or losses.

[harizen]

Honestly, we can't just apply these pointers in general even how basic it is.

For me, those problems should be experienced in order to be a better gambler in the long-run.

Without those struggles, they won't learn. I myself are like that back in my early days of gambling. Since I already know being on those numerous bad experiences, I'm trying my best not to have the same mistakes in the future and that also includes the ability to manage my bankroll management.

[erikoy]

Well, that will be a good start to gamble. It may sound generic or simple advises but for me it is effective. I had tried that also when I do gambling after made some losses never had been asking for money to continue gambling by chasing or recover the losses being made. We know how the casino works and this is their business so in the long run it is neither for us to win or take home profit instead it is only the fun and excitement being made when one is gambling. Gambling is a business for casino and a fun and past time for gamblers.

[imstillthebest]

i like that deciding units . i never seen that being talked before . 100 bets is not small but its not also that high its just normal to make you entertain in the game and at the same time score for a good profit but the amount should also be match with the bankroll you have .

the problem to me is that i cant stick on the 1 bets till i fully consume the 100 bet but i find my self raging bets at the middle of the game  . this happen if im loosing or if i got bored . if im sure with the play i will also increase my bets  but if not i wont decrease it . rest that you say are also essential in betting .

[Questat]

This is the most important factors to consider if we like to go through a serious path in gambling.

Some of the major problems of the gamblers are they chase their loses, why? because in the first place they failed to set a decent bankroll, and honestly speaking, with $100 bankroll, I doubt one can still be thrilled putting only $1 per bet, sometimes it's a waste of time because for example in game season you end up up 20% of your bankroll, that means you win 20 usd over a period of time, that is not satisfying IMO.

Therefore, build a decent bankroll, and everything will follow.

[STT]

- just divide your bankroll by 100 and you'll get your 1 unit cost.

Super simple strategy and Im totally sure it will work to anyones advantage, not that any of us are guaranteed the win but over time you will improve in experience in reaction and calculation of bets.   Never go all in too soon or with money that isnt winnings, to have patience is a small thing but a big ask for most of us as the natural inclination is to get involved upto your neck and hope to pull it off.
  The more boring but sensible strat is to build momentum with a sequence of wins and with sports betting it is possible for sure.    Put it another way, the feedback from your previous bets is valuable guidance in the future decision making and only by equal division of capital is there a real chance to gather proper judgement.     The final piece why this strategy for sure works is they do very similar in finance and risks vs reward in that arena, over time is a valid process of consideration never all at once.

[traderethereum]

i like that deciding units . i never seen that being talked before . 100 bets is not small but its not also that high its just normal to make you entertain in the game and at the same time score for a good profit but the amount should also be match with the bankroll you have .

the problem to me is that i cant stick on the 1 bets till i fully consume the 100 bet but i find my self raging bets at the middle of the game  . this happen if im loosing or if i got bored . if im sure with the play i will also increase my bets  but if not i wont decrease it . rest that you say are also essential in betting .

Just imagine if your bets for 100 bets, and you use a medium amount for let say, it's $1 for each bet.
If for that 100 bets, and you lose for 50-80 times, that will be a big loss for you.
But if that losing money is the money you can accept to lose, you can enjoy the games, even if the result makes you lose the money.
But I don't place the bets for about 100 bets because that can make my heart feel bad, especially I lose in more rounds.
I always tried to play less than $20 if I want to gamble because that will be enough for me to lose that amount, and sometimes, I still have at least $5-$9 in my account.
You can try to reduce or lower your bets and try to bet for 50 bets. Maybe it is hard for you, but that is worth trying because that can help you reduce your time in gambling.

[Janation]

I agree with all of it but I think deciding units would vary from people to people.

For me, what you've said is amazing, it is new knowledge from me but what I wanted to say is that I think that $1 per bet would be small for some even with a $100 at hand. Especially if they lose, they would tend to double their bet with that small primary bet. That being said, people should really stay calm and don't even think of chasing before that losses.

[ice098]

I think no one can teach anyone how to use their bankroll during gambling. Simply there is no idea about it because psychology plays a huge role during this process. I can set limit to myself but at the same time I can change the rules/plans anytime during my sessions if I feel to do so and there are a lot of people who feel that way because there are a lot of chemical reactions during sports betting too, it's an adrenaline rush and at some point euphoria when you win or are actively looking matches and are in process. These are the advice that everyone can think over.

None can teach them what to do but himself/herself only. What we have been talking here in this thread was only a sole experiences of each gambler and the mistakes that they've done and what they can suggest that we should do if we were going to gamble but it is all up to us if we were going to adopt it. We have our own tactics regarding gambling but one thing would always be in our thought, and it be a wise decision maker.

[xSkylarx]

This is one of the major topics that is never covered here (or maybe I haven't seen any such threads related to this).

Deciding Units
Never chase your losses
Calm mindset
Have an edge over yourself

Most gamblers don't have these traits that is why they just lose more money in gambling. Pro or those who we call experts in gambling only have those traits. I myself can admit I don't have those, it's not easy to develop those especially if your opponent is yourself. This is also the reason why casinos don't run bankrupt. Greed is present in most of us.

[bitterguy28]

This is one of the major topics that is never covered here (or maybe I haven't seen any such threads related to this).

Deciding Units

I have seen many people getting confused about units and how to set it. Well, I've got a simple formulae here - just divide your bankroll by 100 and you'll get your 1 unit cost. Means, if you have $100, you should bet no more than $1 per bet doesn't matter you win or lose. This will give you 100 bets in total with 100 units available to play with.

So this is best for single betting?and not for multi bets since security and safeties of us being gambler is at stake .

Good formula here.

Never chase your losses

Only asses chase losses! Haha, jk. But still, there's no need for you to go and double your bet every single time just to chase your total loss and get into profits. Trust me, if you eventually turn your gambling habits from being greedy to becoming a smart gambler, you will be in much better profits than just gambling it all away at once and chasing could be really dangerous for your bankroll's health.

I use to be like this for long time before,when i am so eager to win back each time a lose and in the end?i lose all my money before of this attitude.
things that i have changed and now trying to be responsible each time i gamble.

Calm mindset

There is no need to feel bad for your loss, even if you lose 1 unit, you still have 99 left, so 2 more wins and you are in profit. Don't go all in on one bet, instead place your bets in parts. Opportunities are available every single day in sports betting, but don't bet like a gambler, bet as a sports investor and apply the rule of "1 bet 1 unit" and I assure you that you'll become a much better gambler one day.

Actually if you are enjoying the game,there is no need to be calm specially if the momentum is in your side,but what we need is accurate mind.

[Debonaire217]

Most gamblers don't have these traits that is why they just lose more money in gambling. Pro or those who we call experts in gambling only have those traits. I myself can admit I don't have those, it's not easy to develop those especially if your opponent is yourself. This is also the reason why casinos don't run bankrupt. Greed is present in most of us.

Even us ourselves could be tempted to retrieve our losses in gambling. I have an experience when I lost quite big amount in trading, it makes me wanna trade more to recover my loss but big thanks to my friend who opened this topic to me. Having good discipline will enable us to limit our loss and to potentially help us with gains. We just need to control our emotions to be unnaffected and to accept that not everyday we are lucky.

[john_nautica]

This advice of yours can also be used in casino betting not just on sports betting and this is really good if it was become a habit from the start because in this way you would be able to control your addiction to gambling, control your emotion and handle your losses.