Know what bankroll management is in sports betting?

[Botnake]

In theory, sounds perfect! Now it is time back to face with reality, the gambling mindset is totally different than what we think we will do. Many gamblers look for easy and fast money by betting on random events, so the final outcome is against their winning chance with a 0-1 score. Chasing losses is the shortcut to limit the more losses and saving time, otherwise, the gambler is supposed to keep playing a few more days in order to go back to the start point.

you have a point here i really think it's really hard to recover especially if you have at least 2 consecutive losses. in order for you to recover from it and take profit from it you should really have to increase your bet so in other words you are using a martingale strategy so once you at least one winning you would be able to get profit from it.

Remained discipline and you'll be able to recover if you will learn from your mistake.

Winning and losing 10 in a row is possible in gambling, so 2 losses is not hard enough to get back in a positive track.

Your bankroll management is required and should be followed at all times to ensure you will last longer in sports betting, without the discipline, you will not succeed even if you have to start with a decent bankroll.

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[erikoy]

Remained discipline and you'll be able to recover if you will learn from your mistake.

Winning and losing 10 in a row is possible in gambling, so 2 losses is not hard enough to get back in a positive track.

Your bankroll management is required and should be followed at all times to ensure you will last longer in sports betting, without the discipline, you will not succeed even if you have to start with a decent bankroll.

I think discipline will not work when your mindset is to recover. There is only a slight chance to recover losses and that mindset of getting recover losses is a bad idea. In most ways a good discipline is all about hoe you bet. If you lose accept that you lose and never count it for it will only add motivation for you to play more in addition to your mindset of recovering losses. So, a better gambling discipline is to get fun and excitement and do not let gambling activities compromise your priority.

[tippytoes]

Remained discipline and you'll be able to recover if you will learn from your mistake.

Winning and losing 10 in a row is possible in gambling, so 2 losses is not hard enough to get back in a positive track.

Your bankroll management is required and should be followed at all times to ensure you will last longer in sports betting, without the discipline, you will not succeed even if you have to start with a decent bankroll.

I think discipline will not work when your mindset is to recover. There is only a slight chance to recover losses and that mindset of getting recover losses is a bad idea. In most ways a good discipline is all about hoe you bet. If you lose accept that you lose and never count it for it will only add motivation for you to play more in addition to your mindset of recovering losses. So, a better gambling discipline is to get fun and excitement and do not let gambling activities compromise your priority.

Usually, it is hard to control yourself when you are in front of the table or your screen playing your game. So if you do really want to enjoy the game and just have fun, allot a specific amount for that game and consider that win or lose, you have no regrets using that money. And just stop playing, once you lost it all. And decide again, if you can afford to put more money to continue your game. It is your decision how you play on this situation. But remember, whatever your decision will be, you should not regret afterwards.

[dunfida]

Remained discipline and you'll be able to recover if you will learn from your mistake.

Winning and losing 10 in a row is possible in gambling, so 2 losses is not hard enough to get back in a positive track.

Your bankroll management is required and should be followed at all times to ensure you will last longer in sports betting, without the discipline, you will not succeed even if you have to start with a decent bankroll.

I think discipline will not work when your mindset is to recover. There is only a slight chance to recover losses and that mindset of getting recover losses is a bad idea. In most ways a good discipline is all about hoe you bet. If you lose accept that you lose and never count it for it will only add motivation for you to play more in addition to your mindset of recovering losses. So, a better gambling discipline is to get fun and excitement and do not let gambling activities compromise your priority.

Usually, it is hard to control yourself when you are in front of the table or your screen playing your game. So if you do really want to enjoy the game and just have fun, allot a specific amount for that game and consider that win or lose, you have no regrets using that money. And just stop playing, once you lost it all. And decide again, if you can afford to put more money to continue your game. It is your decision how you play on this situation. But remember, whatever your decision will be, you should not regret afterwards.

Easy to say that you shouldnt regret but most of the time where people do really feel this emotion when they had lost in gambling.Some might really be accepting their fate but
most of the time where players do regret and whine when they lost on a particular bet.Its been said that we should only gamble on the amount that we can afford to lose but
majority is been neglecting even into this very basic thing.Bankroll management is important because this is the same when you do handle out your investment in real life.
If there would be no plans and reckless actions then expect on what would happen.

[harizen]

Remained discipline and you'll be able to recover if you will learn from your mistake.

Remained discipline but not with the purpose to be able to recover but to focus more on your strategy next bet.

The key here is to put all our best in each of the bets. Having a mindset that we need to recover those losses will just wreck and destroy our focus since we will be under pressure.

Once successfully maintain our winning stats, we will eventually feel that somehow we are not losing much compare before that you are aggressive to chase the losses.

[slapper]

Remained discipline and you'll be able to recover if you will learn from your mistake.

Remained discipline but not with the purpose to be able to recover but to focus more on your strategy next bet.

The key here is to put all our best in each of the bets. Having a mindset that we need to recover those losses will just wreck and destroy our focus since we will be under pressure.

Once successfully maintain our winning stats, we will eventually feel that somehow we are not losing much compare before that you are aggressive to chase the losses.

Totally agree with your points. Never ever try to recover your loss. Loss is loss and you need to focus on your next bet. If you ever have thought of recovering loss, your mind absolutely is distracted and it will definitely much harder to focus on your next bet

However, personally, being disciplined is extremely hard. Experience and a lot of time are needed. You cant be a consistent winner in just a week or a month. But don't be disappointed. Trust yourself. The more efforts you have, the more successful your will. And one day will be astonished to know that these rules can be applied in trading.

[romero121]

When you go with sports betting you'll never stop if something goes out of the expectation. I had a personal experience, I used to bet on tennis matches played by popular players. If the match gives me a loss further I go with different tennis matches, even on leagues that I haven't heard of in the past.

We can say should not try to chase the loss, at times it won't be possible with gamblers. Same time calming the mind taking a break and gambling further could help in recovering the loss.

[Maslate]

We can say should not try to chase the loss, at times it won't be possible with gamblers. Same time calming the mind taking a break and gambling further could help in recovering the loss.

This is true, me as a gambler who have a lot of bad losing experience, I can say that we have to take a break so that heat inside will just subside. When we are too aggressive, that results to busting our bankroll, we sometimes get challenge when we have a bad streak but in reality it could really happen to anyone even the skillful gamblers in the world, but maintaining your composure, stay calm and keep the game plan at play, this is what we should do. 

[South Park]

This is why the size of your bets needs to be very small, because in the case your bet size is too high and then you lose a bet that you thought was already won at the last second of a match in the case you were making a sports bet then you are going to feel cheated and you will want to get that money back, and as we know the moment you get those feelings that is when the casino has you since you are likely to make a reckless bet and lose all your money because of it.

You would surely go all in because you do let your emotion control you and the anger you've felt and ive been on that situation for several times already based on experience
where you do believe that certain bet is winning and suddenly the situation turns upside down which in result into a loss then that will create some frustration and if you arent
really good on handling out your emotion then you will end up on this expected outcome.Lucky if you do able to win the next bet but if not then you have just totally bust up
your entire bankroll which it isnt part of good bankroll management. Always control your temper since this is one of they factors can messed out your plan.

This is why bankroll management is really important, not only saves you money it also gives you peace of mind, if you happen to lose a bet but the bet that you made was really small then it doesn't matter, you're not going to be emotionally affected by losing that bet, you're going to keep your cool and you will be able to analyze the next match without any kind of bias which will give you a better opportunity to eventually get your money back, but if you make a big bet then you are going to be influenced by the bad the results that you got and this is going to affect your analysis of the next match and most likely you will lose even more money.

[TimeTeller]

We can say should not try to chase the loss, at times it won't be possible with gamblers. Same time calming the mind taking a break and gambling further could help in recovering the loss.

This is true, me as a gambler who have a lot of bad losing experience, I can say that we have to take a break so that heat inside will just subside. When we are too aggressive, that results to busting our bankroll, we sometimes get challenge when we have a bad streak but in reality it could really happen to anyone even the skillful gamblers in the world, but maintaining your composure, stay calm and keep the game plan at play, this is what we should do. 

Having a loss limit and leaving the website with this loss is always a smarter choice but we leave the logic behind after typing the address of the casino. The emotions are the biggest enemy of bankroll, there is no way to prevent the loss if something doesn't let the gambler to leave the website after a losing streak.

It is with your heavy heart that you will leave the site in loss.
But I guess, it is better to leave while you are still in control with yourself.
Because if not, you may have decisions that you will regret afterwards like spending more money hoping to recover your losses.
But will end up, losing again. So yes, better call it a day if you already met your limits.

[Ziskinberg]

We can say should not try to chase the loss, at times it won't be possible with gamblers. Same time calming the mind taking a break and gambling further could help in recovering the loss.

This is true, me as a gambler who have a lot of bad losing experience, I can say that we have to take a break so that heat inside will just subside. When we are too aggressive, that results to busting our bankroll, we sometimes get challenge when we have a bad streak but in reality it could really happen to anyone even the skillful gamblers in the world, but maintaining your composure, stay calm and keep the game plan at play, this is what we should do.  

Having a loss limit and leaving the website with this loss is always a smarter choice but we leave the logic behind after typing the address of the casino. The emotions are the biggest enemy of bankroll, there is no way to prevent the loss if something doesn't let the gambler to leave the website after a losing streak.

It is with your heavy heart that you will leave the site in loss.
But I guess, it is better to leave while you are still in control with yourself.
Because if not, you may have decisions that you will regret afterwards like spending more money hoping to recover your losses.
But will end up, losing again. So yes, better call it a day if you already met your limits.

I hope we can master it, we lose now it's okay because there's still another day, gambling is just about winning and losing, so we should not be surprise of losing and we need to make sure we are ready to accept it no matter what. It does not give a good feeling when you lose but that is the reality that you have to accept as a gambler. The goal is to win more than you lose, so losing is already there, you just have to exceed it with winning.

[South Park]

We can say should not try to chase the loss, at times it won't be possible with gamblers. Same time calming the mind taking a break and gambling further could help in recovering the loss.

This is true, me as a gambler who have a lot of bad losing experience, I can say that we have to take a break so that heat inside will just subside. When we are too aggressive, that results to busting our bankroll, we sometimes get challenge when we have a bad streak but in reality it could really happen to anyone even the skillful gamblers in the world, but maintaining your composure, stay calm and keep the game plan at play, this is what we should do.  

Having a loss limit and leaving the website with this loss is always a smarter choice but we leave the logic behind after typing the address of the casino. The emotions are the biggest enemy of bankroll, there is no way to prevent the loss if something doesn't let the gambler to leave the website after a losing streak. Each loss streak is not replaced by the win streak and believing the false suggestion can lead to a totally lost bankroll or even bankruptcy which is the last station of any gambler. The gambler has to be a responsible person, otherwise, the loss is inevitable in all cases, from my own gambling experience.

This is yet another reason why people find difficult to implement their money management skills, mastery of their emotions is required something in which people are very bad, it doesn't matter if you know the techniques to reduce your exposure to the casino if when the time comes you ignore those rules and you let your emotions get the best out of you, people need to learn how to control their emotions and if they cannot do that then they can say goodbye to any chances that they had to become successful gamblers.

[Maslate]

We can say should not try to chase the loss, at times it won't be possible with gamblers. Same time calming the mind taking a break and gambling further could help in recovering the loss.

This is true, me as a gambler who have a lot of bad losing experience, I can say that we have to take a break so that heat inside will just subside. When we are too aggressive, that results to busting our bankroll, we sometimes get challenge when we have a bad streak but in reality it could really happen to anyone even the skillful gamblers in the world, but maintaining your composure, stay calm and keep the game plan at play, this is what we should do.  

Having a loss limit and leaving the website with this loss is always a smarter choice but we leave the logic behind after typing the address of the casino. The emotions are the biggest enemy of bankroll, there is no way to prevent the loss if something doesn't let the gambler to leave the website after a losing streak. Each loss streak is not replaced by the win streak and believing the false suggestion can lead to a totally lost bankroll or even bankruptcy which is the last station of any gambler. The gambler has to be a responsible person, otherwise, the loss is inevitable in all cases, from my own gambling experience.

This is the kind of discipline we need, we have to be in command of stopping ourselves anytime we need to, regardless of what situation we are, may it be in winning or losing situation, consider treating it as you are in a mission and that strategy has to be properly put in place.

[Fatunad]

We can say should not try to chase the loss, at times it won't be possible with gamblers. Same time calming the mind taking a break and gambling further could help in recovering the loss.

This is true, me as a gambler who have a lot of bad losing experience, I can say that we have to take a break so that heat inside will just subside. When we are too aggressive, that results to busting our bankroll, we sometimes get challenge when we have a bad streak but in reality it could really happen to anyone even the skillful gamblers in the world, but maintaining your composure, stay calm and keep the game plan at play, this is what we should do.  

Having a loss limit and leaving the website with this loss is always a smarter choice but we leave the logic behind after typing the address of the casino. The emotions are the biggest enemy of bankroll, there is no way to prevent the loss if something doesn't let the gambler to leave the website after a losing streak. Each loss streak is not replaced by the win streak and believing the false suggestion can lead to a totally lost bankroll or even bankruptcy which is the last station of any gambler. The gambler has to be a responsible person, otherwise, the loss is inevitable in all cases, from my own gambling experience.

This is the kind of discipline we need, we have to be in command of stopping ourselves anytime we need to, regardless of what situation we are, may it be in winning or losing situation, consider treating it as you are in a mission and that strategy has to be properly put in place.

You would really be needing that kind of behavior if you do really like for your capital to last long or wont bust up in a short span of time.

Self control or discipline might easy to say but when you are on the actual thing then you would definitely forget on what you should gonna do.

bankroll management is recommended from time to time unless if you are a YOLO type of gambler then you will be having this kind of behavior.

[harizen]

This is the kind of discipline we need, we have to be in command of stopping ourselves anytime we need to, regardless of what situation we are, may it be in winning or losing situation, consider treating it as you are in a mission and that strategy has to be properly put in place.

Building experience is the key. It's not a secret that dealing with emotions is really difficult. It might take time but as gamblers progress, they will soon be matured.

Did you know guys that professional gamblers are more emotional compare to casual gamblers? But since their experience teaches them to become responsible gamblers, they understand what they are dealing with once they decided to continue more even they are currently losing.

And while continue losing, they still able to properly manage their bankroll.

[just_Alice]

The rules are great, but the problem is: how do you follow them? Also, most of the tips here are aimed at people, who lose money out of a desperate desire to win, like "don't chase your losses". Many people believe that gamblers lose most of their money when they're failing and, therefore, can't think straight. On the contrary, I think that lots of winning can lead to an even worse outcome because when that happens people just forget about luck and probability and start thinking that they've developed some kind of perfect winning strategy, which makes them act less carefully and make riskier bets and, eventually, lose everything.

[xSkylarx]

The rules are great, but the problem is: how do you follow them? Also, most of the tips here are aimed at people, who lose money out of a desperate desire to win, like "don't chase your losses". Many people believe that gamblers lose most of their money when they're failing and, therefore, can't think straight. On the contrary, I think that lots of winning can lead to an even worse outcome because when that happens people just forget about luck and probability and start thinking that they've developed some kind of perfect winning strategy, which makes them act less carefully and make riskier bets and, eventually, lose everything.

It's a matter of self-discipline on how you control yourself during those times. It is hard to do and not anyone can really do it. I'm guilty on what you've said on both when winning or losing, unlike other gamblers I've already learned from this mistake and learned when to stop if my bankroll is empty or I doublet it. In the long run, if gamblers don't properly manage their bankroll it might ruin their life.

[palle11]

Never chase your losses

Gamblers who succeed in the game never chase their losses because they know is a chance game. They don't only look at possibility of winning but also losing. There are certain things you do that means you are chasing losses and that is if you begin to double your bets after losing the previous game. Also if you start becoming frustrated and refuse to leave.

[matchi2011]

Never chase your losses

Gamblers who succeed in the game never chase their losses because they know is a chance game. They don't only look at possibility of winning but also losing. There are certain things you do that means you are chasing losses and that is if you begin to double your bets after losing the previous game. Also if you start becoming frustrated and refuse to leave.

Such emotions will lead you to continue losing, the feeling of unsatisfied even you already have some good amount of winnings, trying
to bring more to your bankroll as you'll chasing those previous loses.

It's better to have a good mindsets and targets instead of trying to recover those loses that you have from your previous games, a wise
gamblers always have a positive outlook both from losing and winning position.

[magneto]

Have an edge over yourself

It's not funny to gamble tbh, some people do it for fun but where's smartness in losing your money? Will you be called smart? No, right? It's better to only use and invest your bankroll in those games over which you have an edge. If you are sure about the game you are betting, then only use your 1 unit on that game, otherwise no need to gamble based on half (or 0) knowledge because we are talking about smart gambling and managing our bankroll. This assures that you have higher chances of winning over losing, and this edge will only help you gaining much more profits in the long run. If you don't know about a game, or yours is a few days ahead, just don't gamble and wait some days and let your expected game arrive.

This is key.

If you don't have an edge or a perceived positive expected value then there is really no point in managing your bankroll. You're going to be hit with the same negative long run EV in the long run.

The reason for bankroll management is to minimise your risk of ruin and thereby dodging the variance that comes with a game of chance where you know you have an edge. And this is not only limited to sportsbetting - it applies to any AP across poker, BJ, etc.

If you are purely playing for fun then I don't see the point of rigidly managing your bankroll, just go out there and yolo.