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Author Topic: Your betting budget  (Read 4947 times)
freedomgo
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July 30, 2021, 12:21:39 PM
 #301

Betting budgets depends on how would one spending time on betting and gambling. I frequently passing time with my gambling platform but not full time. So my gambling budgets obviously not enough .
As long as it's enough for you to call it a day that's already good enough for you even if your budget isn't that much. That's better to have insufficient budget and having a tight pocket so that you won't spend that much.
It's the problem of others that they're addressing and having hard time to limit themselves in budgeting themselves through gambling.
A gambler should know about enough and never break that because that will impact our funds. When he frequently passes the time in gambling games without setting the limit of funds, I am afraid that he can add more money to his account to continue playing gambling. If that happens many times, that will attract him to become addicted because he will feel hunger for playing gambling. But gambling will always seduce us to add more and more money without realizing it so it needs control.
You will certainly experience that if you don't have the discipline in gambling.

As a gambler, I also experience being addicted and it does not give you peace of mind as it will affect everything you do in life.
If you give gambling the biggest attention in your life of all you do, it will not gonna give you a comfortable feeling as if you win, you'll be too happy and if you lose, you'll be too sad as well. The real way to gamble is through business, not in gambling where we don't have an edge.

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July 30, 2021, 12:28:20 PM
 #302

Speaking of the same how much % of your total income do you put into gambling ?

I described it few pages before in this topic. I don't have a direct % of my income on gambling. I have a exact amount (not more than 100 dollars) which i can put into poker or something like it. And i have zero amount for dice, slots and another such games, mostly because i don't like them

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July 30, 2021, 01:02:58 PM
 #303

Betting budgets depends on how would one spending time on betting and gambling. I frequently passing time with my gambling platform but not full time. So my gambling budgets obviously not enough .
As long as it's enough for you to call it a day that's already good enough for you even if your budget isn't that much. That's better to have insufficient budget and having a tight pocket so that you won't spend that much.
It's the problem of others that they're addressing and having hard time to limit themselves in budgeting themselves through gambling.

I see your point, maybe it's tempting to play more once your budget got empty,

But imagine if you have a huge amount of bankroll and you can't control your emotions and lose everything, more regrets will continue

to linger inside you as you let go the amount of money that isn't allocated for your gambling activities. Best to quit the day with small amount of loses just bring the experienced and enjoyment that's better.
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July 30, 2021, 02:32:06 PM
 #304

I am not an active gambler so I would mind budgeting too much when I do gamble, Whenever I am about to gamble  I only use a small amount of money that I have and if it seems like my unlucky day and I lose continuously I will stop gambling and try again in some other day or if I have time.
There's no problem with using a small amount of money as long as you get the entertainment, the only purpose we gamble is to entertain ourselves and we have different ranges in terms of bet or bankroll. Some people feel nervous betting $100 in a certain game, but for some, it's just small money that will not thrill them, so it always depends on our financial situation and not everyone can gamble as not everyone has a good source of income.

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July 30, 2021, 02:40:20 PM
 #305

After the end of Euro2020 I am not really having a budget. I played mostly on every round during Euro2020 up to the final but now I do not know what to bet on. I never liked slots and such that much so I am in it for those. I am basically waiting for the major sports competition to come back to start placing my usual parlays. So, yes, I can definitely say that there is no budget at the moment.
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July 30, 2021, 04:07:06 PM
 #306

After the end of Euro2020 I am not really having a budget. I played mostly on every round during Euro2020 up to the final but now I do not know what to bet on. I never liked slots and such that much so I am in it for those. I am basically waiting for the major sports competition to come back to start placing my usual parlays. So, yes, I can definitely say that there is no budget at the moment.

Have you ever tried betting on cryptocurrency prices ? It's actually fun to place those bets at the same time it gives me thrill as to which direction would swing.
Websites such as freebitco.in hosts such betting predictions. Try your luck. If you are good with analysis may be you can use your skills to get some quick buck as well.

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July 30, 2021, 06:21:55 PM
 #307

After the end of Euro2020 I am not really having a budget. I played mostly on every round during Euro2020 up to the final but now I do not know what to bet on. I never liked slots and such that much so I am in it for those. I am basically waiting for the major sports competition to come back to start placing my usual parlays. So, yes, I can definitely say that there is no budget at the moment.

It turns out that your bets on euro 2020 were unsuccessful for almost everything?
If you are looking for major competitions, now you have the opportunity to bet on the Olympics - there are a lot of sports and the best athletes in the world (except football) compete for medals.

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July 30, 2021, 06:53:05 PM
 #308

Some one less out control with how much budget use for gambling because always motivate to put more fund in betting after several time loss, I know how many gambler not control emotion and try all in his budget to gambling and later will be disappointed why not stop early and have fund in his pocket, now they have loss all and need to find new way how to get fund and back to gambling again, this very bad for gambler and better stop it.
This will largely depend on what the purpose of the gambling is. It shouldn't be a problem if gambling is done for fun and they don't have to spend a lot of money on it. But when winning is something he's after, therein lies the real problem. Actually I don't like to gamble just because I want to win, I have to get both side (win & lose) and have fun. Should all gambling addict blame gambling for making them lose control and money? I don't think so.

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July 30, 2021, 09:24:41 PM
 #309

Some one less out control with how much budget use for gambling because always motivate to put more fund in betting after several time loss, I know how many gambler not control emotion and try all in his budget to gambling and later will be disappointed why not stop early and have fund in his pocket, now they have loss all and need to find new way how to get fund and back to gambling again, this very bad for gambler and better stop it.

Exactly! Take merit from me!  Grin
Willpower is the main problem of any "budgets": If you can't control yourself, you will for sure spend more money than your "budget". The good idea is to have complicated system of deposit funds (like i need to convert some crypto into another and after that to deposit it to the site) which will help to reduce such behavior

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July 30, 2021, 11:58:50 PM
 #310

The amount of budget a professional gambler needs depends on how much experience the gambler has. An experienced gambler has a very low budget but for his intelligence he has a lot to gain from gambling. But in my opinion, those who do not have experience, it is better not to enter the gambling with a high budget.

And that is why I am only allotting my extra funds here. Because I admit, I'm no professional gambler just a small timer trying to enjoy the moment. I bet only on familiar games and if I know the individuals involved just like in boxing. Not all matches that I bet on but only those that I know of. So watching their match, it is much interesting for me as I have placed my bet. But I understand for those regular gamblers, they really allot big amount for their gambling activities.
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July 31, 2021, 02:30:26 AM
 #311

A person who gambles without a proper budget management, he's going to be a broke gambler afterwards. It is why you have to gamble with a certain budget.
Even if you lose and you can attain to gamble with additional funds, that will still be depending how you're handling the decision and you're only going to do that if it's needed and you think that you're still in control.
I would not suggest that person add more money for playing gambling. If he already loses that money in gambling, that will be the sign for him to stop gambling at that time and quit gambling as fast as he can because gambling can tempt him to deposit more and continue playing gambling. It is easy to deposit more money, but it is not easy to quit gambling, especially if we have more money. We need to control ourselves to prevent big losses because that will hurt us if we still lose.

You will certainly experience that if you don't have the discipline in gambling.

As a gambler, I also experience being addicted and it does not give you peace of mind as it will affect everything you do in life.
If you give gambling the biggest attention in your life of all you do, it will not gonna give you a comfortable feeling as if you win, you'll be too happy and if you lose, you'll be too sad as well. The real way to gamble is through business, not in gambling where we don't have an edge.
Yes, I have had that experience before but then, I realize that what I did is wrong and it needs time to realize and build a will on myself to learn about discipline. But I did that and slowly, I can control myself and trying to have discipline.

Yes, I feel that I want to gamble more and not take a break at that time. It is not easy to stop to ourselves and search for the other thing to distract the mind. In this matter, we really need to think about ourselves and what we need to do to block thinking about gambling.

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July 31, 2021, 02:45:40 AM
 #312

A budget that only expands on successful bets and strategies helps reinforce what works over what doesnt.   The worst tactic is to try and run through losses or even increase a loss in continuing what didnt work, its often best to take the loss and return another day having cleared the book of the previous attempt with a line drawn underneath.

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July 31, 2021, 06:38:13 AM
 #313

A budget that only expands on successful bets and strategies helps reinforce what works over what doesnt.   The worst tactic is to try and run through losses or even increase a loss in continuing what didnt work, its often best to take the loss and return another day having cleared the book of the previous attempt with a line drawn underneath.

That's true, but for many people it's very difficult psychologically! I don't know if you can call it a gambling addiction stage, but you can't always stop! Sometimes I've experienced this too, and instead of stopping betting, I've tried to win back my losses!

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July 31, 2021, 06:48:38 AM
 #314

After the end of Euro2020 I am not really having a budget. I played mostly on every round during Euro2020 up to the final but now I do not know what to bet on. I never liked slots and such that much so I am in it for those. I am basically waiting for the major sports competition to come back to start placing my usual parlays. So, yes, I can definitely say that there is no budget at the moment.

It turns out that your bets on euro 2020 were unsuccessful for almost everything?
I should have probably clarified that better. I did not say I do not have budget because I lost everything Cheesy I actually won 3 out of 7 times, with a small profit in the end. I do not have a budget now because, like I said, I do not know what to bet against. I prefer football and there is not much appealing right now. I will take this month off  Smiley
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July 31, 2021, 10:07:42 AM
 #315

It turns out that your bets on euro 2020 were unsuccessful for almost everything?
I should have probably clarified that better. I did not say I do not have budget because I lost everything Cheesy I actually won 3 out of 7 times, with a small profit in the end. I do not have a budget now because, like I said, I do not know what to bet against. I prefer football and there is not much appealing right now. I will take this month off  Smiley

Oh, that sounds a lot more positive!
As I understand it, are you not interested in amateur football competitions (now there is an olympics, for example)? In principle, it is not long to wait - the start of the European championships will take place in a couple of weeks, and now you can place bets on rare matches like the super cups of the national championships.

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July 31, 2021, 02:20:27 PM
 #316

I have always done the same thing, usually have about 50 bucks earned from signature and keep gambling at that place, even though I gambled in almost every place you have heard of in the crypto world, and probably hundreds in most of them, thousands in few of them I still try to only gamble at the place I carry the signature for that moment, which can change, tomorrow I may end up having another signature who knows, but until that moment I rather gamble only on the signature place.

The exception only happens if it is one sided place, like when it is just a casino then I do gamble at a sportsbook and a poker place, if it is just sportsbook then I gamble at a different casino and poker place, so it means that unless a place has all three I may end up gambling a bit in different places. However, it is almost always from the signature campaign and my budget depends on how much I made.
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July 31, 2021, 02:38:52 PM
 #317

A budget that only expands on successful bets and strategies helps reinforce what works over what doesnt.   The worst tactic is to try and run through losses or even increase a loss in continuing what didnt work, its often best to take the loss and return another day having cleared the book of the previous attempt with a line drawn underneath.

That's true, but for many people it's very difficult psychologically! I don't know if you can call it a gambling addiction stage, but you can't always stop! Sometimes I've experienced this too, and instead of stopping betting, I've tried to win back my losses!

You will eventually learn from your mistakes, that's alright, it's normal to some people that they learn the hard way and I hope you are still okay. Keep reading the comments as some posters here are sharing their gambling addiction problem and how they solve that problem.

R


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July 31, 2021, 09:58:14 PM
 #318

An experienced gambler has a very low budget but for his intelligence he has a lot to gain from gambling. But in my opinion, those who do not have experience, it is better not to enter the gambling with a high budget.
Isn't it on the contrary? I doubt that experienced gamblers would do as your above explanation, most of the cases experienced gamblers such as streamers or youtuber would bring lots of capital and take profits around 2x ROI on average (if they indeed intend to take profits and not burn all their capital). It's pretty rare they would come with less capital in order to aim high ROI since they are aware gambling is all about luck.
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July 31, 2021, 10:14:32 PM
 #319

I am not an active gambler so I would mind budgeting too much when I do gamble, Whenever I am about to gamble  I only use a small amount of money that I have and if it seems like my unlucky day and I lose continuously I will stop gambling and try again in some other day or if I have time.
This is a nice approach to gambling since you know that you are not that interested in it and it's not your major source if income. Alot of persons that take gambling as only source of income would be ready to take high risky measures to make profits even when the rate if winning is short or uncertain. Majority of gamblers see future in gambling, that's why they are always curious to do anything that can make them win bets even if it's going to take a negative approach.

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July 31, 2021, 10:39:06 PM
 #320

The worst tactic is to try and run through losses or even increase a loss in continuing what didnt work, its often best to take the loss and return another day having cleared the book of the previous attempt with a line drawn underneath.
It is what we usually see for those gamblers that can't accept that they've lost for this day. The upcoming days won't stop to come so gambling does.

If they won't continue, they might feel that they've lost entirely and don't need a rest. But that's what needed to happen, to take some rest and do it again the next day.



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