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Author Topic: Know what bankroll management is in sports betting?  (Read 64233 times)
DoublerHunter
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November 03, 2020, 07:49:46 AM
 #41

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.
^ But these tips are all basic and everyone is aware of it however, it remains to the bettors on how or if they will be able to apply it in their daily betting lives because it is a fact that every time we do betting at first we can handle it or manage it but as we go along we forgot our composure regardless if we lose or win but unconsciously eagerness can turn into greediness that made us blind of which and what strategy we need to apply. Nevertheless, it is really not funny to gamble if you look at gambling more seriously than those who take it as for entertainment besides we are all different, or probably we are but only at different rates.
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November 03, 2020, 10:27:02 AM
 #42

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.

Controlling the emotion will work for you to handle the situations when everything becomes "hot" because if you are in high tensions, you will forget everything, and you want to chase your losses or make another winning. That is not good for all gamblers because if they don't have control over themselves, it is just a matter of time to see they will lose everything at the gambling table. We don't want to be like that so that we need to have control when we are playing gambling.

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November 03, 2020, 10:48:43 AM
 #43

Some gamblers often forget about bankroll management, especially when they become so greedy over something that's why instead of winning, they end up losing. But sometimes, I'm guilty that I also forgot to keep these tips when I'm already on the game. Sometimes I get more greedy and keep wanting to get back what I lost and of course, it's not a good habit. The more you keep chasing your losses, the more you won't be able to control your emotions. And it's good to see this kind of topic to remind us of how to properly manage our bankroll.
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November 03, 2020, 11:01:33 AM
 #44

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.

Agree, general tutorial about gambling. In the end, or the beginning, gambling is winning and losing, one can't win all the time or lose all the time, winning rate is what makes the difference between successful gambler and constant losers. To win more than you lose you need to adapt odds to your bankroll and base bet, you need to change strategy from time to time, to turn from passive to aggressive, or vice versa, you need to have fun and big balls to make some bets that will give you profit that can cover all loses. Don't be afraid to make a wrong bet, that happens, what's important is to have for another one! As long as you are playing you have chances.

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November 03, 2020, 01:46:17 PM
 #45

That's responsible betting at the minimum, betting with basics. I experienced betting for the sake of betting when I was new in gambling. Control was hardly something to think over. If there is a spare amount of money it could easily be spent gambling. Most often, it was just wasted. There was still fun of course but there was hardly any money from it.

With proper bankroll management and betting with basis, gambling could be both fun and profitable.

FTFY.
The most important part for a gambler is control over their addiction and their level of tilt towards gambling. If you just lean down too much whenever thought of gambling comes to your mind, you seriously need help quitting it or at least dropping that level to some extent.

Anyways, I have learned that you need to decide your units as well as keep it least against the ratio of your total bankroll in order to level up the variance - variance means when you are winning a bet but suddenly something happens that makes you lose it. So it's better to keep your unit size least in order to beat the variance twist.

That's what I mean. You don't just gamble for the sake of gambling. You place a bet because you know that the team you are betting on is probably going to win. You are not just betting because you are a fan of a particular team. You are betting because, according to your own analysis, a certain team will prevail over the other. If you don't have a basis for betting on a certain team, you better not touch your money and wait for a certain match where you have a clear prediction on which team will come out the winner.
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November 03, 2020, 02:02:48 PM
 #46

Limiting our betting amount is more important in bankroll management
thats why it is called like that .

so don't go with Martingale strategy which was never proved to be a worthy one to try since people tend to lose more when they follow such a strategy. When it comes to sport betting the odds really matters and there is no safe gameplay, whether we may earn more or les but the chances of losing remains the same in my opinion.
whats good with martin is that you start small but on normal bets you start with big amounts and you do bet with this amount consistently . that saps your bankroll faster . limiting on both betting style is possible by setting a stop on loss/win if auto bet or you cant click stop manually on your own . chance of loosing on sport betting can be change depending on the odds your playing . limiting bets or bankroll management is an example of safe play but safe play with 0 damage is not real
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November 03, 2020, 02:21:00 PM
 #47

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.

I am fine with betting $1, to be honest, but the problem is that there are always those times that you can't stop yourself from betting higher. Even though you want to keep your bets lower, you just want to bet higher not just you can't control yourself but to try your luck and that usually derail us to minimal betting as it will lead to higher bets.

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November 04, 2020, 04:02:28 AM
 #48

So this is best for single betting?and not for multi bets since security and safeties of us being gambler is at stake .
It can be applied to both multi and singles the main point here is to control your bet size so you don't run out of funds after losing 10-20 bets in a row as a lot of people tend to increase their bet after a loss.

I am fine with betting $1, to be honest, but the problem is that there are always those times that you can't stop yourself from betting higher. Even though you want to keep your bets lower, you just want to bet higher not just you can't control yourself but to try your luck and that usually derail us to minimal betting as it will lead to higher bets.
If you can't stop from betting bigger amounts i'd suggest putting a max limit on your bets and try not to go over that limit. I also get carried away but having a limit of some sort helps you control that urge.

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November 04, 2020, 04:38:35 AM
 #49

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.

I am fine with betting $1, to be honest, but the problem is that there are always those times that you can't stop yourself from betting higher. Even though you want to keep your bets lower, you just want to bet higher not just you can't control yourself but to try your luck and that usually derail us to minimal betting as it will lead to higher bets.
Yes, you are right, and I agree.
We will get those times to feel that our luck will come and give us the win that we want. I feel that too in the past, which makes me play longer and the result is losing more money.
If we can not control ourselves, yes, that will make us lose more money, so we really need self-control and always remember how long we can play gambling.
Besides that, maybe we don't need to place the bet in big money because once we do that and win, we will want to try again to get another luck.
If we forget about that, we will not take too long to see more losing that we will get because we can become greed to chase another winning, and that will be the time to lose more money.

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November 04, 2020, 05:15:44 AM
 #50

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.

I am fine with betting $1, to be honest, but the problem is that there are always those times that you can't stop yourself from betting higher. Even though you want to keep your bets lower, you just want to bet higher not just you can't control yourself but to try your luck and that usually derail us to minimal betting as it will lead to higher bets.

Use autobet if you really want to control your emotion during gambling. Setup 100 roll with 1$ bet per roll and leave your computer once you click start. Just do things like watching TV or catch fresh air outside and start dreaming what you will do on your winnings.  Grin

Actually people are just making things complicated like this bankroll management. The only key to enjoy proper gambling is deposit what you can afford to lose and never aim to win huge amount of money like your future depends on it. Gambling is not meant to give you a fortune, It's just a source of entertainment.

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November 04, 2020, 05:17:38 AM
 #51



I am fine with betting $1, to be honest, but the problem is that there are always those times that you can't stop yourself from betting higher. Even though you want to keep your bets lower, you just want to bet higher not just you can't control yourself but to try your luck and that usually derail us to minimal betting as it will lead to higher bets.

This is because you are expecting to be in the next roll you will be lucky to win it, this is only happens if the bettor have a lost strikes and want to get back all the lost in just one rolls by increasing the bet so you will win higher instead of having fixed bet.
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November 04, 2020, 05:32:13 AM
 #52



I am fine with betting $1, to be honest, but the problem is that there are always those times that you can't stop yourself from betting higher. Even though you want to keep your bets lower, you just want to bet higher not just you can't control yourself but to try your luck and that usually derail us to minimal betting as it will lead to higher bets.

This is because you are expecting to be in the next roll you will be lucky to win it, this is only happens if the bettor have a lost strikes and want to get back all the lost in just one rolls by increasing the bet so you will win higher instead of having fixed bet.

Why are your using roll? This is not a dice game we are talking, it's a sports betting using a bankroll management, it's pretty much different from dice actually.

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November 04, 2020, 06:27:23 AM
 #53

Good tips and advice! This is pretty useful for new players who are planning to jump into gambling I think if they manage to practice it and becomes a habit I'm pretty sure they would be a responsible gambler I think even I should start practicing those and maybe some more to control myself in playing gambling.

ya.ya.yo!

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November 04, 2020, 06:33:41 AM
 #54



I am fine with betting $1, to be honest, but the problem is that there are always those times that you can't stop yourself from betting higher. Even though you want to keep your bets lower, you just want to bet higher not just you can't control yourself but to try your luck and that usually derail us to minimal betting as it will lead to higher bets.

This is because you are expecting to be in the next roll you will be lucky to win it, this is only happens if the bettor have a lost strikes and want to get back all the lost in just one rolls by increasing the bet so you will win higher instead of having fixed bet.

This is far worse in dice, to be honest.

We are talking about sports betting so usually you could bet a small amount without a problem but there are those times that you could be overconfident and bet higher. In dice, I could say it is worse since you could easily see the result and that leads to betting higher and losing that money more quickly. If we will be talking about the auto bet, I don't think people would even enjoy that.
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November 04, 2020, 07:59:39 AM
 #55



I am fine with betting $1, to be honest, but the problem is that there are always those times that you can't stop yourself from betting higher. Even though you want to keep your bets lower, you just want to bet higher not just you can't control yourself but to try your luck and that usually derail us to minimal betting as it will lead to higher bets.

This is because you are expecting to be in the next roll you will be lucky to win it, this is only happens if the bettor have a lost strikes and want to get back all the lost in just one rolls by increasing the bet so you will win higher instead of having fixed bet.

This is far worse in dice, to be honest.

We are talking about sports betting so usually you could bet a small amount without a problem but there are those times that you could be overconfident and bet higher. In dice, I could say it is worse since you could easily see the result and that leads to betting higher and losing that money more quickly. If we will be talking about the auto bet, I don't think people would even enjoy that.

Dice is the best game if you want to get back your loses right away, however, we are only seeing the positive here, the negative part is if you chase you will lose everything. Bankroll management is not for short term, should be for long term and you have to understand that at a given day, you could also lose, and just continue betting and accept the nature that you will experience loses along the way, but what's important is you are still up in the end.

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FlightyPouch
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November 04, 2020, 11:24:39 AM
 #56

I am fine with betting $1, to be honest, but the problem is that there are always those times that you can't stop yourself from betting higher. Even though you want to keep your bets lower, you just want to bet higher not just you can't control yourself but to try your luck and that usually derail us to minimal betting as it will lead to higher bets.
If you can't stop from betting bigger amounts i'd suggest putting a max limit on your bets and try not to go over that limit. I also get carried away but having a limit of some sort helps you control that urge.

Yeah, that makes sense but I usually experience where there is this team that you are really supporting and you are so confident that they could win this game so you just go all-in on them and then they lose? Well, that happened to me with the recent NBA playoffs where Milwaukee Bucks lost in the playoffs thinking that they could win.

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November 04, 2020, 12:26:10 PM
 #57

Yeah, that makes sense but I usually experience where there is this team that you are really supporting and you are so confident that they could win this game so you just go all-in on them and then they lose? Well, that happened to me with the recent NBA playoffs where Milwaukee Bucks lost in the playoffs thinking that they could win.
Don't use emotion while betting. I mean, it doesn't need to bet into your favorite team. If the purpose to get money let's count it with real fact. I also think Antetokounmpo rarely exercises during a pandemic then his muscles going stiffen.

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November 04, 2020, 01:02:12 PM
 #58

Yeah, that makes sense but I usually experience where there is this team that you are really supporting and you are so confident that they could win this game so you just go all-in on them and then they lose? Well, that happened to me with the recent NBA playoffs where Milwaukee Bucks lost in the playoffs thinking that they could win.
Don't use emotion while betting. I mean, it doesn't need to bet into your favorite team. If the purpose to get money let's count it with real fact. I also think Antetokounmpo rarely exercises during a pandemic then his muscles going stiffen.

Precisely. If you are really after the money then using emotion won't help you.

Betting with proper understanding and right sets of skills in finding the advantages from one team or players over the other, you'll be able to get something out from doing your research. Stats wise you should always refer your pick according to how things went out from your study it gives higher chances of winning if you stick with this pattern.
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November 04, 2020, 11:43:40 PM
 #59

Yeah, that makes sense but I usually experience where there is this team that you are really supporting and you are so confident that they could win this game so you just go all-in on them and then they lose? Well, that happened to me with the recent NBA playoffs where Milwaukee Bucks lost in the playoffs thinking that they could win.
Don't use emotion while betting. I mean, it doesn't need to bet into your favorite team. If the purpose to get money let's count it with real fact. I also think Antetokounmpo rarely exercises during a pandemic then his muscles going stiffen.

Precisely. If you are really after the money then using emotion won't help you.

Betting with proper understanding and right sets of skills in finding the advantages from one team or players over the other, you'll be able to get something out from doing your research. Stats wise you should always refer your pick according to how things went out from your study it gives higher chances of winning if you stick with this pattern.

Well, that would be different if you are really rooting for a team or a player. I can't just put my bet to another team since they are the real reason I am actually doing that bet. It is true that I let my emotion run but I don't think I will bet if it is another two teams playing and I don't actually support them. I am after the money, that would be obvious and I thought betting it on one of the best teams of the regular season, that I also support would give me that.

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November 05, 2020, 02:02:31 AM
 #60

Well, that would be different if you are really rooting for a team or a player. I can't just put my bet to another team since they are the real reason I am actually doing that bet. It is true that I let my emotion run but I don't think I will bet if it is another two teams playing and I don't actually support them.

I'm sometimes affected too at this betting with emotions especially if my favorite team is involved.

I will just go with the flow, bet on my favorite team because I want it disregarding how dominant their opponent is.

Generally, it's not that they always losing so still worth putting up a bet. I'm not that blind to just bet on my favorite team even they are weak if I see they don't have the ability to turn the table against a much stronger team.
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