Your betting budget

[Pmalek]

Where can I find those tipsters?
I'd appreciate if you could point me to their threads or whatever.

I wouldn't recommend following tipsters. The best thing is to carry out your own research into the sports and leagues you are familiar with.

What if I have 20 bets that day, all at the different time?

A real good sports pundit or tipster wouldn't be able to find 20 matches a day. If I saw someone calling himself a tipster and recommending 20 different matches, I would never trust a word he says. He is just guessing and has obviously not done much research on the games he recommends people to bet on.

Sometimes one tip a day would be too much, let alone 20.

[1714572380]

1714572380

[stadus]

Where can I find those tipsters?
I'd appreciate if you could point me to their threads or whatever.

I wouldn't recommend following tipsters. The best thing is to carry out your own research into the sports and leagues you are familiar with.

Agree with you, it's always good to learn from our own and improve our skills as we continue further, relying on tipster is very expensive as they might give free bets at the start but eventually, they'll make you subscribe to their premium picks, you pay the subscription but there's not guarantee you'll win.

[South Park]

I also agree, budgeting is about increasing the chances of success because that way, at least the budget you set is not too high but can actually produce good results day after day.

Will the odds of winning will be changed by doing that way? Obviously, no.

Setting a budget according to everyone here is to somehow limit their expenses. But it has nothing to do with your gambling results day by day.

I'd rather set a budget for my important matters and what's left is for misc activities such as gambling. That's the most effective to way to manage our betting budget compare set an amount specifically for gambling. At least even if you lose, your money is already settled on other matter.

Correct, setting up a budget is not a winning strategy, it is a strategy that will help you to avoid losing huge amounts of money that you cannot really afford to lose, so I have been always in favor of people having a budget, that way even if they happen to lose control of their gambling during a session if they can respect that budget then those losses are not going to be a big deal since they can just stop gambling during the rest of the week or month and they will still have lost the same amount of money.

[ReiMomo]

I also agree, budgeting is about increasing the chances of success because that way, at least the budget you set is not too high but can actually produce good results day after day.

Will the odds of winning will be changed by doing that way? Obviously, no.

Setting a budget according to everyone here is to somehow limit their expenses. But it has nothing to do with your gambling results day by day.

I'd rather set a budget for my important matters and what's left is for misc activities such as gambling. That's the most effective to way to manage our betting budget compare set an amount specifically for gambling. At least even if you lose, your money is already settled on other matter.

Correct, setting up a budget is not a winning strategy, it is a strategy that will help you to avoid losing huge amounts of money that you cannot really afford to lose, so I have been always in favor of people having a budget, that way even if they happen to lose control of their gambling during a session if they can respect that budget then those losses are not going to be a big deal since they can just stop gambling during the rest of the week or month and they will still have lost the same amount of money.

Yes, separating a sum of amount and playing just with it, will save you from addiction as well. Either either you loose or win, just play with your budget. Budget play is a controlled play i would say. If one sticks to it, I am sure he might not fall into addiction, however it might change at any time as human tendency is to get driven towards fantasy.

[fiulpro]

I kind o like feeling in control of my finances and that means controlling my spending and being very aware of what goes in and what goes out. I normally check my accounts every month and may make a few decisions on what to spend next month if things are not looking correct. One of the things I do is to set aside 10% of my income for things that I really do not need - expensive clothing, gadgets and electronics, books, games,... and part of that is gambling. For me, a reasonable gambling budget is 3 to 5% of my income, although I may allow more if I have some extraordinary income that month. How do you plan your gambling or fun budget?

Well that's an excellent plan when you are gambling in moderation over a long period of time. The  usual routine for me is not that simple since I am not a everyday gambler, but I rather see how my financial situation is and I always set aside a budget for expensive situations that can barge in anytime, therefore for me it's not an exact science but rather depends on a lot of things like :
1. Job
2. Health
3. Family situation
4. Budget planning
5. Financial crisis
6. Unexpected expenses etc..

[bitzizzix]

I also agree, budgeting is about increasing the chances of success because that way, at least the budget you set is not too high but can actually produce good results day after day.

Will the odds of winning will be changed by doing that way? Obviously, no.

Setting a budget according to everyone here is to somehow limit their expenses. But it has nothing to do with your gambling results day by day.

I'd rather set a budget for my important matters and what's left is for misc activities such as gambling. That's the most effective to way to manage our betting budget compare set an amount specifically for gambling. At least even if you lose, your money is already settled on other matter.

Correct, setting up a budget is not a winning strategy, it is a strategy that will help you to avoid losing huge amounts of money that you cannot really afford to lose, so I have been always in favor of people having a budget, that way even if they happen to lose control of their gambling during a session if they can respect that budget then those losses are not going to be a big deal since they can just stop gambling during the rest of the week or month and they will still have lost the same amount of money.

As a savvy gambler, you should never forget that you should never risk more money than you can afford to lose, and that you should set aside some money and budget for gambling.
You set a budget and stick to it and when the gambling capital that has been budgeted is used up, your gambling is done and that is to prevent you from becoming addicted and disciplined.

[Adzivu]

Where can I find those tipsters?
I'd appreciate if you could point me to their threads or whatever.

I wouldn't recommend following tipsters. The best thing is to carry out your own research into the sports and leagues you are familiar with.

What if I have 20 bets that day, all at the different time?

A real good sports pundit or tipster wouldn't be able to find 20 matches a day. If I saw someone calling himself a tipster and recommending 20 different matches, I would never trust a word he says. He is just guessing and has obviously not done much research on the games he recommends people to bet on.

Sometimes one tip a day would be too much, let alone 20.

From my experience (and I have a lot of it) that isn't bad.
They are not just my own bets, but also bets from other good and reputable tipsters that are beating certain league.

So i don't agree with you when you say you shouldn't follow others.
There are plenty of good and profitable tipsters.

[tabas]

Thanks.

I was looking for some that have made profit over long period of time to follow them. It won't hurt me.

I am considering sharing my bets in the forum. What would be the best section for my own thread?

Also, in this section, make your own thread and put all those details that you want to share and update there from time to time. Just be known to the rules that you can only bump your thread once every 24 hours.

What if I have 20 bets that day, all at the different time?
If I just edit the post no one will see that there are new posts/bets.

That's what you really have to do. It's part of the forum rules that you only have 1 bump per day and if you do that, your post might be deleted.
So, you really have to edit and add your other bets to that post you've made even it is at different time, just put some note.

[mv1986]

Where can I find those tipsters?
I'd appreciate if you could point me to their threads or whatever.

Thanks.

There are many of them if you just search through the pages on this section. A few years ago, there really are a lot of those tipsters giving their day to day tips for free.
But they seem to offer more if you're going to pay them with their special group outside the forum but those free tips were already fine.

Is there actually a platform that is similar to all this social trading stuff that is currently going through the roof?

I can imagine if you have such a platform and there is a guy who is betting with above average results that people would follow like they do on social trading websites. Or is the problem that when many people bet on the odds of the superior guy that the odds are always adjusted in a way that the edge will be lost?

[Adzivu]

There are a lot of specialized sites/portals for sports betting tipsters.
Most of the good ones cost some monthly fee.
Some of them have options to automatically copy their bets but most don't so you have to place them manually.

Obviously in lower liquidity markets odds crash faster.

[Shamm]

   I have a proper list of budget , I'm not a typical person that likely to buy an expensive materials. But I'm a type of a person that are choosy to spend a things that are valuable and useful. In betting I have also budget for the thing I left in my important things ,not to big in betting cause It's enough and suit to what money I have.

[fortunecrypto]

For me, a reasonable gambling budget is 3 to 5% of my income, although I may allow more if I have some extraordinary income that month. How do you plan your gambling or fun budget?

It was higher in the pre-pandemic I used to allocate 10% of my income from my bounty campaigns but now I can only allocate 3 to 5%, this is a good percentage and the allocation can still last for a week, just enough to have good times during the lockdown period, we have lockdown in our city from time to time but I have to limit my time because of a limited budget, and it's important to have a ready fund during this pandemic.

[Pamadar]

For me, a reasonable gambling budget is 3 to 5% of my income, although I may allow more if I have some extraordinary income that month. How do you plan your gambling or fun budget?

It was higher in the pre-pandemic I used to allocate 10% of my income from my bounty campaigns but now I can only allocate 3 to 5%, this is a good percentage and the allocation can still last for a week, just enough to have good times during the lockdown period, we have lockdown in our city from time to time but I have to limit my time because of a limited budget, and it's important to have a ready fund during this pandemic.

Pandemic hits us if not all but most of the gamblers adjust with what the situations now,

Some losses their job and some adjust their budget to secure that they've still got something in case of emergency, allocating spare if there still some left is better to continue enjoying.
3%-5% good enough to spare if you still gaining decent salary, treat it as same with other activities that you are spending some spare money.

[kotajikikox]

For me, a reasonable gambling budget is 3 to 5% of my income, although I may allow more if I have some extraordinary income that month. How do you plan your gambling or fun budget?

It was higher in the pre-pandemic I used to allocate 10% of my income from my bounty campaigns but now I can only allocate 3 to 5%, this is a good percentage and the allocation can still last for a week, just enough to have good times during the lockdown period, we have lockdown in our city from time to time but I have to limit my time because of a limited budget, and it's important to have a ready fund during this pandemic.

Pandemic hits us if not all but most of the gamblers adjust with what the situations now,

Some losses their job and some adjust their budget to secure that they've still got something in case of emergency, allocating spare if there still some left is better to continue enjoying.
3%-5% good enough to spare if you still gaining decent salary, treat it as same with other activities that you are spending some spare money.

While indeed you mentioned the difficulties now in regards to our gambling activities yet it is amazing that some crypto gambling site are making more and more profit and gaining gamblers over and over.
like most of the wore signature banner of our fellow users , gambling in crypto are literally increasing , meaning that maybe casino houses (physical casinos) are shortly gaining but the online are making its way up.

[Pmalek]

From my experience (and I have a lot of it) that isn't bad.
They are not just my own bets, but also bets from other good and reputable tipsters that are beating certain league.

So i don't agree with you when you say you shouldn't follow others.
There are plenty of good and profitable tipsters.

I also have my share of experience with certain tipsters. I don’t claim to have a lot of it, but I have followed a few guys when I was younger. What I noticed is that the win rate is usually around 50-55%. That's not exactly great. And you have no way of knowing if the results of the tipster you follow will be good or bar in that particular month and period you paid for. If they have built a certain reputation, they usually require that you pay to receive the tips, and that can amount to a few hundred dollars per month as well.

I still think doing your own research and betting only on the sports you have some knowledge in beats blindly following anonymous people over the Internet. Since we are on a Bitcoin forum, I can draw a comparison with following a crypto trader and doing the same trades as he does. Not exactly the best way to invest.     

[Peanutswar]

   I have a proper list of budget , I'm not a typical person that likely to buy an expensive materials. But I'm a type of a person that are choosy to spend a things that are valuable and useful. In betting I have also budget for the thing I left in my important things ,not to big in betting cause It's enough and suit to what money I have.

Every time we gamble it's is better if we have a plan to our game play and expenses not all the time we need to make an all into the game sometimes if we feel tired and exhausted already it's better to take rest for the meantime and realize if you already win or not, if you already want to play or not it's not all about how many money you still have it's all about the self control.

[btc78]

   I have a proper list of budget , I'm not a typical person that likely to buy an expensive materials. But I'm a type of a person that are choosy to spend a things that are valuable and useful. In betting I have also budget for the thing I left in my important things ,not to big in betting cause It's enough and suit to what money I have.

So you are literally a person that has self control and good outlook in all things , either materials or in service,  meticulous person like you are mostly the kind of people that becomes rich because of their dedication and being outstanding .
so please continue being that and try also to extend your attitude towards others who nears you because they are the one that needs more than what you are having.
budgeting money for gambling is indeed we need to be , and we need to act.
so in some chances we made mistakes but what is important what we learn from mistakes.
gamble only money you can afford to lose and never the funds that needs for important things in life.

[fullhdpixel]

I am always a bit cautious of free sport betting tips from the Internet. It is hard to tell how reliable they are and most of the time there is no real tip history that shows us how the tips performed in the past. If we can make money of the tips then paying a monthly is fine. I just don't understand why people aren't using their tips only for themselves and their friends and family? Because the more people follow their tips the lower the payout is going to be.

Yeah, I never tried to bet with any of free tipsters as I do believe on my own predicting skills to bet with. I do often get free betting from crypto gambling houses on various promotions and even for those free bits, I never used any free betting tips. I have been subscribed to lots of tipsters in telegram and discord channels and I have noticed more than one tipster is providing same kind of predictions still I do bet on my own predictions only as I do care my betting bankroll the most.

[bitterguy28]

There are a lot of specialized sites/portals for sports betting tipsters.
Most of the good ones cost some monthly fee.
Some of them have options to automatically copy their bets but most don't so you have to place them manually.

Obviously in lower liquidity markets odds crash faster.

What is the connection to the topic mate? sorry but OP is asking aBOUT THE budgeting and not about the per paid tipster.

though there are only few that uses this service because not just because it is expensive , other gamblers choose to find their luck than cheating.

[Karartma1]

I'm trying a classic in preparation of the next betting season: the fixed bet strategy which refers to betting the same percentage of your bankroll each time.
For example, if you have an initial bankroll of $1,000 and you decide to use this strategy, you will first need to determine the percentage to play. Let's say you decide to use 5%. So, your first bet will be $50, while your second bet will be 5% of the updated bankroll, after the result of the first bet (depending on whether you lost or won).
Basically, by betting on such a small percentage, you will ensure that you can lose many times and still have money for future bets.
The main disadvantage of this strategy, however, is related to the possibility of winning high amounts.
That is, the strategy doesn't care about odds, probabilities and possible gains; it only focuses on the amount of the bankroll. Therefore, in some cases, it might prevent you from winning more, just as it can limit your losses.